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Side-by-side financial comparison of FIGS, Inc. (FIGS) and Westrock Coffee Co (WEST). Click either name above to swap in a different company.

Westrock Coffee Co is the larger business by last-quarter revenue ($339.5M vs $201.9M, roughly 1.7× FIGS, Inc.). FIGS, Inc. runs the higher net margin — 9.2% vs -6.6%, a 15.8% gap on every dollar of revenue. On growth, Westrock Coffee Co posted the faster year-over-year revenue change (48.3% vs 33.0%). FIGS, Inc. produced more free cash flow last quarter ($58.1M vs $27.8M). Over the past eight quarters, Westrock Coffee Co's revenue compounded faster (32.8% CAGR vs 30.1%).

Figs is an American clothing company based in Santa Monica, California. The company sells scrubs and other products for healthcare professionals. It was founded in 2013 by Heather Hasson and Trina Spear, who are co-CEOs.

Westrock Coffee Co is a global integrated coffee, tea and functional beverage solutions provider. It sources, roasts, manufactures and distributes coffee products, ready-to-drink beverages and custom formulations for retail, foodservice and commercial clients across North America and other key markets.

FIGS vs WEST — Head-to-Head

Bigger by revenue
WEST
WEST
1.7× larger
WEST
$339.5M
$201.9M
FIGS
Growing faster (revenue YoY)
WEST
WEST
+15.3% gap
WEST
48.3%
33.0%
FIGS
Higher net margin
FIGS
FIGS
15.8% more per $
FIGS
9.2%
-6.6%
WEST
More free cash flow
FIGS
FIGS
$30.3M more FCF
FIGS
$58.1M
$27.8M
WEST
Faster 2-yr revenue CAGR
WEST
WEST
Annualised
WEST
32.8%
30.1%
FIGS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FIGS
FIGS
WEST
WEST
Revenue
$201.9M
$339.5M
Net Profit
$18.5M
$-22.6M
Gross Margin
62.9%
11.5%
Operating Margin
9.3%
-2.6%
Net Margin
9.2%
-6.6%
Revenue YoY
33.0%
48.3%
Net Profit YoY
881.8%
8.3%
EPS (diluted)
$0.10
$-0.22

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FIGS
FIGS
WEST
WEST
Q4 25
$201.9M
$339.5M
Q3 25
$151.7M
$354.8M
Q2 25
$152.6M
$280.9M
Q1 25
$124.9M
$213.8M
Q4 24
$151.8M
$229.0M
Q3 24
$140.2M
$220.9M
Q2 24
$144.2M
$208.4M
Q1 24
$119.3M
$192.5M
Net Profit
FIGS
FIGS
WEST
WEST
Q4 25
$18.5M
$-22.6M
Q3 25
$8.7M
$-19.1M
Q2 25
$7.1M
$-21.6M
Q1 25
$-102.0K
$-27.2M
Q4 24
$1.9M
$-24.6M
Q3 24
$-1.7M
$-14.3M
Q2 24
$1.1M
$-17.8M
Q1 24
$1.4M
$-23.7M
Gross Margin
FIGS
FIGS
WEST
WEST
Q4 25
62.9%
11.5%
Q3 25
69.9%
11.7%
Q2 25
67.0%
14.7%
Q1 25
67.6%
13.6%
Q4 24
67.3%
16.6%
Q3 24
67.1%
16.8%
Q2 24
67.4%
19.9%
Q1 24
68.9%
19.4%
Operating Margin
FIGS
FIGS
WEST
WEST
Q4 25
9.3%
-2.6%
Q3 25
6.4%
-2.4%
Q2 25
6.5%
-5.3%
Q1 25
-0.2%
-6.1%
Q4 24
5.9%
-4.3%
Q3 24
-6.2%
-5.8%
Q2 24
1.1%
-7.9%
Q1 24
0.4%
-5.3%
Net Margin
FIGS
FIGS
WEST
WEST
Q4 25
9.2%
-6.6%
Q3 25
5.8%
-5.4%
Q2 25
4.7%
-7.7%
Q1 25
-0.1%
-12.7%
Q4 24
1.2%
-10.7%
Q3 24
-1.2%
-6.5%
Q2 24
0.8%
-8.5%
Q1 24
1.2%
-12.3%
EPS (diluted)
FIGS
FIGS
WEST
WEST
Q4 25
$0.10
$-0.22
Q3 25
$0.05
$-0.20
Q2 25
$0.04
$-0.23
Q1 25
$0.00
$-0.29
Q4 24
$0.01
$-0.26
Q3 24
$-0.01
$-0.16
Q2 24
$0.01
$-0.20
Q1 24
$0.01
$-0.27

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FIGS
FIGS
WEST
WEST
Cash + ST InvestmentsLiquidity on hand
$82.0M
$49.9M
Total DebtLower is stronger
$444.1M
Stockholders' EquityBook value
$437.5M
$-1.9M
Total Assets
$580.0M
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FIGS
FIGS
WEST
WEST
Q4 25
$82.0M
$49.9M
Q3 25
$46.5M
$34.0M
Q2 25
$50.8M
$44.0M
Q1 25
$90.0M
$33.1M
Q4 24
$85.6M
$26.2M
Q3 24
$124.1M
$22.4M
Q2 24
$131.8M
$24.3M
Q1 24
$155.3M
$12.6M
Total Debt
FIGS
FIGS
WEST
WEST
Q4 25
$444.1M
Q3 25
Q2 25
Q1 25
Q4 24
$393.1M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
FIGS
FIGS
WEST
WEST
Q4 25
$437.5M
$-1.9M
Q3 25
$413.3M
$11.4M
Q2 25
$396.5M
$18.2M
Q1 25
$381.5M
$71.4M
Q4 24
$377.1M
$97.5M
Q3 24
$403.5M
$110.3M
Q2 24
$401.7M
$81.5M
Q1 24
$389.9M
$91.7M
Total Assets
FIGS
FIGS
WEST
WEST
Q4 25
$580.0M
$1.2B
Q3 25
$544.7M
$1.2B
Q2 25
$517.1M
$1.2B
Q1 25
$522.3M
$1.1B
Q4 24
$509.8M
$1.1B
Q3 24
$542.5M
$1.1B
Q2 24
$526.0M
$1.1B
Q1 24
$510.9M
$983.3M
Debt / Equity
FIGS
FIGS
WEST
WEST
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
4.03×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FIGS
FIGS
WEST
WEST
Operating Cash FlowLast quarter
$60.9M
$36.7M
Free Cash FlowOCF − Capex
$58.1M
$27.8M
FCF MarginFCF / Revenue
28.8%
8.2%
Capex IntensityCapex / Revenue
1.4%
2.6%
Cash ConversionOCF / Net Profit
3.29×
TTM Free Cash FlowTrailing 4 quarters
$53.0M
$-107.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FIGS
FIGS
WEST
WEST
Q4 25
$60.9M
$36.7M
Q3 25
$3.4M
$-26.6M
Q2 25
$-12.4M
$-7.0M
Q1 25
$9.2M
$-22.1M
Q4 24
$30.4M
$2.8M
Q3 24
$22.6M
$-332.0K
Q2 24
$16.5M
$-23.7M
Q1 24
$11.6M
$8.0M
Free Cash Flow
FIGS
FIGS
WEST
WEST
Q4 25
$58.1M
$27.8M
Q3 25
$531.0K
$-44.7M
Q2 25
$-13.5M
$-27.5M
Q1 25
$7.9M
$-63.4M
Q4 24
$27.1M
$-15.4M
Q3 24
$18.4M
$-36.7M
Q2 24
$7.5M
$-59.9M
Q1 24
$11.1M
$-60.9M
FCF Margin
FIGS
FIGS
WEST
WEST
Q4 25
28.8%
8.2%
Q3 25
0.4%
-12.6%
Q2 25
-8.9%
-9.8%
Q1 25
6.3%
-29.7%
Q4 24
17.8%
-6.7%
Q3 24
13.1%
-16.6%
Q2 24
5.2%
-28.7%
Q1 24
9.3%
-31.7%
Capex Intensity
FIGS
FIGS
WEST
WEST
Q4 25
1.4%
2.6%
Q3 25
1.9%
5.1%
Q2 25
0.7%
7.3%
Q1 25
1.0%
19.3%
Q4 24
2.2%
7.9%
Q3 24
3.0%
16.5%
Q2 24
6.2%
17.4%
Q1 24
0.4%
35.8%
Cash Conversion
FIGS
FIGS
WEST
WEST
Q4 25
3.29×
Q3 25
0.39×
Q2 25
-1.75×
Q1 25
Q4 24
16.14×
Q3 24
Q2 24
15.04×
Q1 24
8.10×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FIGS
FIGS

Scrubwear$154.9M77%
Non Scrubwear Lifestyle$47.0M23%

WEST
WEST

Coffee And Tea$202.6M60%
Flavors Extracts And Ingredients$69.6M21%
Sustainable Sourcing And Traceability Segments$66.9M20%

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