Is the business good?
How good a business is RVLV?
Revolve Group, Inc. earns 31% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
31%
Return on invested capital · cost of capital 9.0% · 22 points above what the capital costs: growth creates value
- Operating margin
- 5.9%
Operating margin · Internet Retail median 7.6% · 12 months to Q1 2026
- Cash conversion
- 0.76×
Cash conversion · 0.55× a year ago · some of the reported profit has not turned into cash yet
- Share count, year on year
- +0.11%
Share count, year on year · flat: no meaningful dilution
| Year | Operating margin |
|---|---|
| FY2020 | 11% |
| FY2021 | 12% |
| FY2022 | 6.6% |
| FY2023 | 2.1% |
| FY2024 | 4.5% |
| FY2025 | 6.1% |
Details›
- Gross margin12 months to Q1 2026
- 54%
- Operating margin12 months to Q1 2026
- 5.9%
- Net margin12 months to Q1 2026
- 5.1%
- Free cash flow margin
- 3.9%
- Revenue, trailing twelve months
- $1.27B
- Free cash flow, trailing twelve months
- $49M
- Net income, trailing twelve months
- $64M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 31%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.