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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
FIGSFIGS -3.76%72 Pretax Margin % is 18.76% as of Jun. 2026, which is 151% above its 10-year median of 7.48. GuruFocus rates FIGS with a GF Score™ of 72/100 and a GF Value™ of $7.71 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,043 Manufacturing - Apparel & Accessories companies, FIGS ranks better than 77.37% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. FIGS's Pre-Tax Income for the
three
months ended in Jun. 2026 was $36.9 Mil. FIGS's Revenue for the
three
months ended in Jun. 2026 was $196.6 Mil. Therefore, FIGS's pretax margin for the quarter that ended in Jun. 2026 was 18.76%.
The historical rank and industry rank for FIGS's Pretax Margin % or its related term are showing as below:
FIGS'
s Pretax Margin % Range Over the Past 10 Years
Min: 0.1 Med: 7.48 Max: 22.07
Current: 10.79
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
FIGS Pretax Margin % Related Terms
FIGS Pretax Margin % Historical Data
* Premium members only.
The historical data trend for FIGS's Pretax Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
FIGS vs COLM, UAA, PVH: Pretax Margin % Comparison
For the Apparel Manufacturing subindustry, FIGS's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
FIGS Pretax Margin % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, FIGS's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where FIGS's Pretax Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
FIGS (FIGS) has a Pretax Margin % of 18.76% as of Jun. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on FIGS and its competitors. This is 151% above median its historical median of 7.48. Over the past decade, FIGS's Pretax Margin % has ranged from 0.10 to 22.07. According to the industry distribution chart, FIGS ranks #236 out of 1043 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 22.6%.
Is FIGS's Pretax Margin % too high?
FIGS's current Pretax Margin % of 18.76% is 151% above median its 10-year median of 7.48. Over the past 10 years, this metric has ranged from a low of 0.10 to a high of 22.07. The Manufacturing - Apparel & Accessories industry median Pretax Margin % is 3.92. FIGS's value of 18.76% is 378.6% above this industry median. Based on the distribution chart, FIGS ranks #236 out of 1043 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, FIGS has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does FIGS's Pretax Margin % compare to COLM and UAA?
According to the Manufacturing - Apparel & Accessories industry distribution chart, FIGS ranks #236 out of 1043 companies for Pretax Margin %. This places FIGS in the top 23% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 3.92. FIGS's value of 18.76% is 378.6% above this benchmark. Historically, FIGS's own Pretax Margin % has ranged from 0.10 to 22.07 over the past decade. While the company's 10-year median is 7.48 vs. the industry median of 3.92, FIGS has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pretax Margin % for a Manufacturing - Apparel & Accessories company?
The median Pretax Margin % among Manufacturing - Apparel & Accessories companies is 3.92, based on 1,043 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. FIGS's current Pretax Margin % of 18.76% is 378.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on FIGS and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Pretax Margin % is 3.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FIGS's current Pretax Margin % is 18.76%, which is 151% above median its own 10-year median of 7.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FIGS stock overvalued right now?
Based on GuruFocus' analysis, FIGS (FIGS) is currently considered Significantly Overvalued. The stock's GF Value™ is $7.71, compared to a current price of $13.17 — trading 70.8% above its estimated fair value. The current Pretax Margin % is 18.76%, which is 151% above median its 10-year median of 7.48 and 378.6% above the Manufacturing - Apparel & Accessories industry median of 3.92. FIGS's overall GF Score™ is 72/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For FIGS (FIGS), the current Pretax Margin % is 18.76% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is FIGS (FIGS) Overvalued in 2026?
Based on GuruFocus' analysis, FIGS stock appears to be overvalued.
The current stock price of $13.17 is trading 70.8% above its estimated GF Value™ of $7.71.
GuruFocus considers FIGS to be Significantly Overvalued.
Key valuation signals for FIGS:
Pretax Margin %: 18.76% (151% above median its 10-year median of 7.48)
GF Value™: $7.71 vs. price of $13.17 (70.8% above fair value)
Industry Position: 378.6% above the Manufacturing - Apparel & Accessories median (#236 of 1043)
No single metric tells the full story. See the FIGS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FIGS Inc is a healthcare apparel company. It designs and sells scrubwear and non-scrubwear, such as outerwear, underscrubs, footwear, compression socks, lab coats, loungewear, and other healthcare apparel. The company sells products mainly through its direct-to-consumer (DTC) digital platform, consisting of its website, mobile app, and B2B business (TEAMS). It also operates physical retail stores, which are called Community Hubs, providing a retail experience for healthcare professionals. The company generates maximum revenue from the sale of scrubwear products. Geographically, it derives maximum revenue from the United States, followed by the rest of the world.
72GF Score
Get the complete analysis for FIGS
Pretax Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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