Latest Ratios: P/E Ratio 26.2x · EV/EBITDA 17.1x · ROE 13.0%. (2016–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.6B | $2.2B | $2.4B | $1.2B | $1.7B | $4.2B | $2.2B | $1.1B | — | — | — |
| Enterprise Value | $1.3B | $1.9B | $2.2B | $1.0B | $1.4B | $4.0B | $2.1B | $986M | — | — | — |
| P/E Ratio → | 26.21 | 35.10 | 48.54 | 43.63 | 28.18 | 41.82 | 39.46 | — | — | — | — |
| P/S Ratio | 1.31 | 1.78 | 2.12 | 1.14 | 1.51 | 4.69 | 3.87 | 1.75 | — | — | — |
| P/B Ratio | 3.17 | 4.25 | 5.48 | 3.17 | 4.37 | 13.18 | 11.23 | 8.04 | — | — | — |
| P/FCF | 33.51 | 45.35 | 114.07 | 31.17 | 90.80 | 69.49 | 31.44 | 31.31 | — | — | — |
| P/OCF | 27.08 | 36.64 | 89.93 | 28.15 | 70.78 | 67.04 | 30.45 | 22.84 | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.56 | 1.93 | 0.95 | 1.32 | 4.45 | 3.62 | 1.64 | — | — | — |
| EV / EBITDA | 17.10 | 24.30 | 38.61 | 37.30 | 18.59 | 36.12 | 31.87 | 18.95 | — | — | — |
| EV / EBIT | 18.16 | 23.29 | 42.49 | 45.88 | 19.81 | 37.67 | 34.39 | 20.51 | — | — | — |
| EV / FCF | — | 39.93 | 103.82 | 25.94 | 79.29 | 65.97 | 29.39 | 29.36 | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 53.5% | 53.5% | 52.5% | 51.9% | 53.8% | 55.0% | 52.6% | 53.6% | 53.2% | 48.5% | 45.9% |
| Operating Margin | 6.1% | 6.1% | 4.6% | 2.1% | 6.6% | 11.8% | 10.5% | 8.0% | 8.4% | 5.1% | 1.8% |
| Net Profit Margin | 5.0% | 5.0% | 4.4% | 2.6% | 5.3% | 11.2% | 9.8% | 5.9% | 6.2% | 1.3% | 0.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 13.0% | 13.0% | 12.0% | 7.4% | 16.9% | 38.6% | 34.3% | 33.9% | 48.0% | 11.9% | 5.7% |
| ROA | 8.6% | 8.6% | 7.8% | 4.7% | 11.1% | 25.4% | 21.1% | 18.1% | 21.5% | 4.5% | 2.1% |
| ROIC | 23.5% | 23.5% | 19.2% | 9.5% | 39.9% | 99.0% | 76.7% | 56.0% | 54.1% | 27.2% | 6.8% |
| ROCE | 14.8% | 14.8% | 11.6% | 5.4% | 20.4% | 40.5% | 36.9% | 45.7% | 65.4% | 45.6% | 13.2% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.06 | 0.06 | 0.09 | 0.11 | 0.06 | 0.02 | — | — | — | 0.31 | 0.72 |
| Debt / EBITDA | 0.41 | 0.41 | 0.72 | 1.51 | 0.31 | 0.06 | — | — | — | 0.65 | 3.82 |
| Net Debt / Equity | — | -0.51 | -0.49 | -0.53 | -0.55 | -0.67 | -0.73 | -0.50 | -0.21 | 0.09 | 0.45 |
| Net Debt / EBITDA | -3.29 | -3.29 | -3.82 | -7.51 | -2.70 | -1.93 | -2.22 | -1.26 | -0.37 | 0.19 | 2.37 |
| Debt / FCF | — | -5.41 | -10.26 | -5.22 | -11.51 | -3.52 | -2.04 | -1.95 | -0.69 | 0.32 | — |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — |
Net cash position: cash ($292M) exceeds total debt ($32M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.81 | 2.81 | 2.86 | 2.79 | 2.86 | 2.75 | 2.62 | 1.96 | 1.69 | 1.39 | 1.26 |
| Quick Ratio | 1.71 | 1.71 | 1.69 | 1.71 | 1.67 | 1.68 | 1.72 | 0.94 | 0.45 | 0.39 | 0.28 |
| Cash Ratio | 1.27 | 1.27 | 1.31 | 1.29 | 1.30 | 1.36 | 1.38 | 0.64 | 0.20 | 0.14 | 0.15 |
| Asset Turnover | — | 1.60 | 1.70 | 1.76 | 1.90 | 1.86 | 1.90 | 2.59 | 3.08 | 3.22 | 2.69 |
| Inventory Turnover | 2.26 | 2.26 | 2.34 | 2.53 | 2.37 | 2.34 | 2.89 | 2.68 | 2.28 | 2.70 | 2.33 |
| Days Sales Outstanding | — | 4.93 | 3.73 | 4.79 | 2.78 | 3.28 | 9.62 | 3.35 | 3.91 | 8.59 | 7.63 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.8% | 2.8% | 2.1% | 2.3% | 3.5% | 2.4% | 2.5% | — | — | — | — |
| FCF Yield | 3.0% | 2.2% | 0.9% | 3.2% | 1.1% | 1.4% | 3.2% | 3.2% | — | — | — |
| Buyback Yield | 0.1% | 0.1% | 0.5% | 2.5% | 0.0% | 0.0% | 0.0% | 3.9% | — | — | — |
| Total Shareholder Yield | 0.1% | 0.1% | 0.5% | 2.5% | 0.0% | 0.0% | 0.0% | 3.9% | — | — | — |
| Shares Outstanding | — | $72M | $72M | $74M | $75M | $75M | $72M | $57M | $71M | $71M | $44M |
High Return Rate Sensitivity
Based on current market data, Revolve Group trades at a forward P/E of 26.41, which suggests that investors are pricing in significant future growth relative to the broader specialty retail sector, despite the inherent volatility in its influencer-driven, discretionary revenue model compared to more stable, value-oriented retail peers.
The current valuation multiples appear to reflect a market debate over whether the company should be valued as a high-growth technology platform or a traditional cyclical retailer. Given the PEG ratio of 16.13, the market may be overestimating the consistency of future earnings growth, warranting caution for investors expecting a valuation re-rating without clear evidence of sustained margin expansion.
As reported in financial statements, the company's ROIC has fluctuated between 0.9% and 7.8% over the last ten quarters, which indicates that Revolve Group is currently struggling to consistently compound returns on invested capital above its cost of capital, primarily due to the persistent pressure on operating margins.
The variability in ROIC suggests that the company's data-driven inventory model has yet to achieve the scale necessary to drive superior capital efficiency. Investors should monitor whether the recent uptick in ROIC to 4.9% in 2026Q1 represents a structural improvement or merely a temporary recovery from seasonal inventory cycles.
According to recent quarterly filings, the cash conversion cycle has remained elevated, averaging over 115 days across the last ten quarters, which suggests that the company's inventory-heavy business model requires significant working capital to support its high-velocity, small-batch product launch strategy in a competitive retail environment.
The high days inventory outstanding (DIO), which peaked at 163 days in 2025Q3, highlights the risk of stale fashion inventory and the reliance on the 'read-and-react' system to mitigate markdowns. This extended cycle implies that any disruption in consumer demand could rapidly tie up cash, limiting the company's ability to pivot its capital toward more profitable growth initiatives.
Based on reported figures, Revolve Group maintains a negligible debt-to-equity ratio of 0.06, which indicates a highly conservative capital structure that effectively insulates the company from interest rate volatility and refinancing risks that currently plague more leveraged competitors within the broader consumer cyclical sector.
This lack of debt provides a significant strategic buffer, allowing management to navigate periods of weak consumer sentiment without the pressure of mandatory debt service. However, the absence of leverage also suggests that the company is not utilizing its balance sheet to amplify returns, which may be a drag on ROE during periods of strong growth.
The P/E ratio is frequently misapplied to Revolve Group, as it fails to account for the significant impact of stock-based compensation and the volatility of return reserves, which can artificially inflate or deflate reported earnings and obscure the true cash-generating capacity of the underlying e-commerce platform.
Investors should instead focus on free cash flow yield and adjusted EBITDA, which better capture the actual cash available to shareholders after accounting for the high variable costs of fulfillment and marketing. Relying solely on P/E may lead to an inaccurate assessment of the company's valuation, particularly given the accounting discretion inherent in estimating future returns.
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Quick answers to the most common questions about buying RVLV stock.
Revolve Group, Inc.'s current P/E ratio is 26.2x. The historical average is 39.5x.
Revolve Group, Inc.'s current EV/EBITDA is 17.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 29.4x.
Revolve Group, Inc.'s return on equity (ROE) is 13.0%. The historical average is 22.2%.
Based on historical data, Revolve Group, Inc. is trading at a P/E of 26.2x. Compare with industry peers and growth rates for a complete picture.
Revolve Group, Inc. has 53.5% gross margin and 6.1% operating margin.
Revolve Group, Inc.'s Debt/EBITDA ratio is 0.4x, indicating low leverage. A ratio below 2x is generally considered financially healthy.