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Warby Parker Inc. WRBY

NYSE · stock · Ophthalmic Goods · website · IPO 2021-09-29

Warby Parker Inc. statistics & valuation

Market cap$3.1B
P / S3.5×
P / B8.4×
P / FCF70.5×
Net margin0.2%
Return on equity0.4%
FCF margin5.0%
Return on capital-0.9%
Graham number -96.8%$0.81

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($0.81); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
-14.20% -26.70% -18.50% -9.40% -2.60% 0.20% 202020212022202320242025
Gross margin (%)
58.90% 58.80% 57.00% 54.50% 55.30% 54.00% 202020212022202320242025
Operating margin (%)
-14.10% -26.60% -18.60% -10.70% -3.90% -0.60% 202020212022202320242025
Return on equity (%)
-50.40% -38.50% -20.90% -6.00% 0.40% 202020212022202320242025
Shares outstanding
53.9M 71.2M 114.9M 117.4M 120.4M 125.1M 202020212022202320242025
Net debt ($)
202020212022202320242025
Share buybacks ($)
202020212022202320242025
Return on assets (%)
-12.60% -32.70% -19.40% -10.90% -3.00% 0.20% 202020212022202320242025
Free cash flow margin (%)
3.20% -14.90% -8.30% 1.10% 4.50% 5.00% 202020212022202320242025
Debt / equity (×)
202020212022202320242025
EPS ($)
-$1.05 -$2.21 -$0.96 -$0.54 -$0.17 $0.01 202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020
Gross margin54.0%55.3%54.5%57.0%58.8%58.9%
Operating margin-0.6%-3.9%-10.7%-18.6%-26.6%-14.1%
Net margin0.2%-2.6%-9.4%-18.5%-26.7%-14.2%
FCF margin5.0%4.5%1.1%-8.3%-14.9%3.2%
Return on assets0.2%-3.0%-10.9%-19.4%-32.7%-12.6%
Return on equity0.4%-6.0%-20.9%-38.5%-50.4%28.2%
Current ratio2.352.502.352.272.783.42

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.