TheRealReal (REAL) FCF Margin (2018 - 2026)
TheRealReal's FCF Margin came in at 7.43% for Q3 2026, down 2.30 percentage points from 9.73% a year earlier but up 8.69 percentage points from the prior quarter.
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Analysis
TheRealReal (REAL) FCF Margin (2018 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, TheRealReal reported FCF Margin of 4.43%, up 5.11 percentage points year-over-year; for FY2025, it came in at 2.65%, up 0.55 percentage points from FY2024.
- FCF Margin has increased in each of the last five years, with a five-year change of +53.55 percentage points (FY2020 to FY2025).
- Going back by year, FCF Margin was 2.10% in FY2024 (+18.56 pp), -16.47% in FY2023 (+2.49 pp), -18.96% in FY2022 (+19.45 pp) and -38.41% in FY2021 (+12.49 pp).
- The five-year range for quarterly FCF Margin is -37.15% (Q1 2022) to 23.62% (Q4 2025).
- Year-over-year, FCF Margin increased in five of the last eight quarters, with an average year-over-year change of +2.44 percentage points.
- The fastest year-over-year change in FCF Margin over five years came in Q4 2021 (a gain of 29.32 percentage points), and the weakest in Q1 2025 (a drop of 16.71 percentage points).
- Business Quant data shows REAL's FCF Margin at -1.25% (Q2 2026), -12.70% (Q1 2026) and 23.62% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Nike | 57.55 Bn | 23.75 Bn | 4.80 Bn | -0.57% |
| 2 | Tapestry | 27.52 Bn | 23.48 Bn | 1.56 Bn | 24.99% |
| 3 | Ralph Lauren | 23.85 Bn | 15.77 Bn | 1.63 Bn | 9.94% |
| 4 | Lululemon Athletica | 12.34 Bn | 6.60 Bn | 1.46 Bn | 9.32% |
| 5 | Deckers Outdoor | 12.04 Bn | 5.24 Bn | 895.11 Mn | -5.34% |
| 6 | Levi Strauss | 9.26 Bn | 5.84 Bn | 1.07 Bn | 2.75% |
| 7 | V F | 8.01 Bn | 4.61 Bn | 1.49 Bn | -7.07% |
| 8 | Crocs | 7.52 Bn | 6.93 Bn | 689.73 Mn | 26.43% |
| 9 | Birkenstock Holding | 6.90 Bn | 5.23 Bn | 493.89 Mn | 30.61% |
| 10 | TheRealReal | 1.77 Bn | 1.25 Bn | 154.40 Mn | 7.43% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 7.43% |
| Jun 30, 2026 | -1.25% |
| Mar 31, 2026 | -12.70% |
| Dec 31, 2025 | 23.62% |
| Sep 30, 2025 | 9.73% |
| Jun 30, 2025 | -6.89% |
| Mar 31, 2025 | -20.61% |
| Dec 31, 2024 | 13.97% |
| Sep 30, 2024 | 3.42% |
| Jun 30, 2024 | -6.73% |
| Mar 31, 2024 | -3.90% |
| Dec 31, 2023 | 4.79% |
| Sep 30, 2023 | -12.54% |
| Jun 30, 2023 | -29.41% |
| Mar 31, 2023 | -29.70% |
| Dec 31, 2022 | -1.73% |
| Sep 30, 2022 | -9.92% |
| Jun 30, 2022 | -27.85% |
| Mar 31, 2022 | -37.15% |
| Dec 31, 2021 | -17.87% |
API Access
TheRealReal FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=REAL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "REAL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=REAL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();