Figs (FIGS) Operating Margin (2020 - 2026)
Figs (FIGS) posted quarterly Operating Margin of 2.8% for Q1 2026, up 297.0% year-over-year from 0.71% in Q1 2025, and down 69.9% quarter-over-quarter from 9.32% in Q4 2025.
Figs (FIGS) Operating Margin (2020 - 2026) Analysis & Trends
Figs (FIGS) has reported Operating Margin for 7 consecutive years, with 2.8% the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Margin rose 297.0% year-over-year to 2.8%; the TTM figure through Mar 2026 stood at 6.43% (up 614.0% YoY), while the FY2025 annual figure was 6.04%, up 564.0% from the prior year.
- Operating Margin eased to 2.8% in Q1 2026 per FIGS's latest filing, from 9.32% in the prior quarter.
- Across five years, Operating Margin topped out at 12.48% in Q1 2022 and bottomed at 6.15% in Q3 2024.
- Historically, Operating Margin has averaged 4.79% across 5 years, with a median of 5.86% in 2024.
- Annual changes were most pronounced in 2022 — Operating Margin soared 3944 bps — and 2024, when it plunged 1315 bps.
- Figs' Operating Margin stood at 2.25% in 2022, then surged by 336 bps to 9.82% in 2023, then tumbled by 40 bps to 5.86% in 2024, then soared by 59 bps to 9.32% in 2025, then slumped by 70 bps to 2.8% in 2026.
- Business Quant data shows FIGS's Operating Margin at 2.8% in Q1 2026, 9.32% in Q4 2025, and 6.35% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ralph Lauren | 22.40 Bn | 20.45 Bn | 1.44 Bn | 17.47% |
| 2 | Gildan Activewear | 10.27 Bn | 10.00 Bn | 459.76 Mn | 11.12% |
| 3 | Levi Strauss | 8.21 Bn | 7.24 Bn | 979.10 Mn | 7.82% |
| 4 | V F | 5.48 Bn | 4.81 Bn | 917.04 Mn | -4.98% |
| 5 | Kontoor Brands | 4.35 Bn | 4.30 Bn | 328.26 Mn | 15.49% |
| 6 | Ermenegildo Zegna | 3.54 Bn | 3.19 Bn | - | - |
| 7 | Pvh | 3.49 Bn | 2.90 Bn | 1.19 Bn | 6.14% |
| 8 | Columbia Sportswear | 3.04 Bn | 2.42 Bn | 358.43 Mn | 5.03% |
| 9 | Figs | 2.39 Bn | 2.09 Bn | 147.86 Mn | 17.93% |
| 10 | Under Armour | 2.19 Bn | 1.80 Bn | 593.83 Mn | 4.26% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 17.93% |
| Mar 31, 2026 | 2.80% |
| Dec 31, 2025 | 9.32% |
| Sep 30, 2025 | 6.35% |
| Jun 30, 2025 | 6.50% |
| Mar 31, 2025 | -0.17% |
| Dec 31, 2024 | 5.86% |
| Sep 30, 2024 | -6.15% |
| Jun 30, 2024 | 1.08% |
| Mar 31, 2024 | 0.37% |
| Dec 31, 2023 | 9.82% |
| Sep 30, 2023 | 6.99% |
| Jun 30, 2023 | 4.75% |
| Mar 31, 2023 | 2.74% |
| Dec 31, 2022 | 2.25% |
| Sep 30, 2022 | 8.72% |
| Jun 30, 2022 | 7.73% |
| Mar 31, 2022 | 12.48% |
| Dec 31, 2021 | 12.77% |
| Sep 30, 2021 | 10.27% |