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European Wax Center, Inc.(EWCZ)Earnings, Financials & Key Ratios
EWCZ•NASDAQ
$5.82
29.1× P/E·Price updated Jun 20, 2026
AboutEuropean Wax Center, Inc. operates as the franchisor and operator of out-of-home waxing services in the United States. The company offers body and facial waxing services; and pre- and post-service products, including ingrown hair serums, exfoliating gels, brow shapers, and skin treatments. As of March 26, 2022, it had a portfolio of centers operating in 874 locations across 44 states, including 868 franchised centers and six corporate-owned centers. European Wax Center, Inc. was founded in 2004 and is headquartered in Plano, Texas.Show more
- Revenue$207M-4.7%
- EBITDA$64M-6.6%
- Net Income$9M-17.0%
- EPS (Diluted)0.20-9.1%
- Gross Margin73.95%+0.5%
- EBITDA Margin30.75%-2.0%
- Operating Margin20.87%-5.2%
- Net Margin4.2%-12.9%
- ROE8.84%-12.7%
EWCZ Price & Volume
European Wax Center, Inc. (EWCZ) stock price & volume — 10-year historical chart
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Persistent Revenue Contraction Challenges Franchise Growth Model
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Contracting
Profitability:Strained
Financial:Vulnerable
Cash Flow:Mixed
Primary Risk:High leverage and contraction
Key Thesis Takeaways
- European Wax Center faces a challenging outlook characterized by sustained top-line contraction, with revenue declining to $51.1M in 2026Q1.
- While the company maintains a resilient gross margin profile near 73.3%, the combination of high leverage, with $382.3M in debt as of 2025Q4, and volatile operating income suggests significant execution risk.
- Investors should monitor whether the asset-light franchise model can stabilize cash flows and reverse the trend of equity erosion, which has resulted in a retained earnings deficit of $90.8M.
Verdict Logic
the company's high debt-to-equity ratio of 3.65 as of 2025Q4 and persistent revenue contraction suggest that the current valuation may not fully account for structural operational risks.
EWCZ Growth Metrics
European Wax Center, Inc. (EWCZ) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years14.85%
3 Years-0.12%
TTM-4.68%
Profit CAGR
10 Years-
5 Years-
3 Years5.91%
TTM-16.67%
EPS CAGR
10 Years-
5 Years-
3 Years3.57%
TTM-5.89%
Return on Capital
10 Years4.56%
5 Years6.06%
3 Years6.6%
Last Year6.37%
EWCZ Recent Earnings
European Wax Center, Inc. (EWCZ) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
May 13, 2026Metric
Actual
Est
EPS
$0.17+30.8%
$0.13
Rev
$51M-0.8%
$52M
Q2 2026
Mar 4, 2026Metric
Actual
Est
EPS
$0.10+150.0%
$0.04
Rev
$45M-2.4%
$46M
Q4 2025
Nov 12, 2025Metric
Actual
Est
EPS
$0.25+78.6%
$0.14
Rev
$54M+17.1%
$46M
Q3 2025
Aug 13, 2025Metric
Actual
Est
EPS
$0.27+42.1%
$0.19
Rev
$56M+5.6%
$53M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 13, 2026 | $0.17vs $0.13+30.8% | $51Mvs $52M-0.8% |
| Q2 2026 | Mar 4, 2026 | $0.10vs $0.04+150.0% | $45Mvs $46M-2.4% |
| Q4 2025 | Nov 12, 2025 | $0.25vs $0.14+78.6% | $54Mvs $46M+17.1% |
| Q3 2025 | Aug 13, 2025 | $0.27vs $0.19+42.1% | $56Mvs $53M+5.6% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for European Wax Center, Inc. (EWCZ)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $5.82 | $319.14M | 29.10 | -4.74% | 4.2% | 8.84% | 0% | |
| $0.16 | $3.02M | -0.01 | 23.35% | -39.33% | — | — | |
| $1.11 | $143.86M | -6.94 | -10.02% | -2.03% | -9.41% | — | |
| $10.90 | $4.23B | 545.00 | 13.85% | 1.55% | 1.56% | — | |
| $6.91 | $257.83M | -4.70 | -1.71% | -11.1% | — | — | |
| $676.23 | $70.26B | 16.30 | 0.99% | 29.65% | 14.32% | — |
Compare EWCZ vs Peers
European Wax Center, Inc. (EWCZ) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
EWCZ SEC Filings & Documents
European Wax Center, Inc. (EWCZ) SEC filings — annual & quarterly reports (10-K, 10-Q)
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EWCZ Frequently Asked Questions
European Wax Center, Inc. (EWCZ) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is European Wax Center, Inc.'s revenue?
European Wax Center, Inc. (EWCZ) reported $206.3M in revenue for fiscal year 2025. This represents a 34% increase from $154.2M in 2019.
How fast is European Wax Center, Inc. growing?
European Wax Center, Inc. (EWCZ) saw revenue decline by 4.7% over the past year.
Is EWCZ profitable?
Yes, European Wax Center, Inc. (EWCZ) is profitable, generating $7.9M in net income for fiscal year 2025 (4.2% net margin).
Dividend & Returns
Does EWCZ pay dividends?
European Wax Center, Inc. (EWCZ) does not currently pay a meaningful dividend. The company may be reinvesting profits for growth.
What is EWCZ's return on equity?
European Wax Center, Inc. (EWCZ) has a return on equity (ROE) of 8.8%. This is below average, suggesting room for improvement.
What is European Wax Center, Inc.'s free cash flow?
European Wax Center, Inc. (EWCZ) generated $36.9M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.