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$13.56
-10.08% 1Y
Mkt Cap$801.12M
P/E58.96
P/B1.93
52W High$16.84
52W Low$13.32
Book Value$7.57
EPS (TTM)$0.23

Company Overview

Reformation Inc. manufactures and sells sustainable women's clothing and accessories in the United States and Internationally. It offers dresses, tops, pants, skirts, shorts, jeans, sweaters, shoes, jumpsuits, two-piece sets, outerwear, sleep and loungewear, swimwear, and accessories. The company also offers wedding collection. It retails its product through website, online channels, and stores, well as through wholesalers and other channels. The company was formerly known as REF Topco, Inc. and changed its name to Reformation Inc. in April 2025. Reformation Inc. was founded in 2009 and is headquartered in Vernon, California.

Why Investors Should Care

Steady Revenue Expansion

Revenue has grown at a 18.8% CAGR over the past five years.

Recent Developments

  • Dec 2025 Revenue of $507.10M (+15.7% YoY); net profit $12.64M.
  • Trailing 12 Months Year-on-year growth — revenue +24.1%, earnings +76.9%.
  • 5-Year Trend Long-term compounding — revenue CAGR 18.8%, profit CAGR -27.3%.

Growth & Price Performance

Compounded Sales Growth

5 Years:18.76%
1 Year:24.10%

Compounded Profit Growth

5 Years:-27.26%
1 Year:76.90%

Stock Price Performance

1 Year:-10.08%
6 Months:-
3 Months:-
1 Month:-13.96%

Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.

Technical Snapshot
52-Week Range 7% of range
$13.32 $16.84
Trend Signals
  • RSI (14)57.30 · Neutral
Price Performance
1M-13.96%
1Y-10.08%
Valuation vs Sector

P/E of 58.96 is above the sector median of 18.98 — pricier than peers.

Auto-generated from price history and fundamentals; not investment advice.

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Price Chart

Robinhood TradingView

Fundamental Growth Charts

Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.

PROS

  • Compounding revenue at 18.8% over 5 years.

CONS

  • Trading at a high P/E of 59.0.
  • Earnings shrank at -27.3% CAGR over 5 years.

* The pros and cons are auto-generated from financial metrics.

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Valuation

Stock P/E
58.96
Industry PE
18.98
Forward P/E
17.52
PEG Ratio
-
Book Value
$7.57
Price to Book
1.93
P/S
1.53
EV/EBITDA
39.65
Dividend Yield
0.00%

Growth (CAGR)

Revenue 5Y
18.76%
Profit 5Y
-27.26%
Revenue (YoY)
24.10%
Earnings (YoY)
76.90%

Profitability & Returns

ROCE
3.46%
ROE
2.87%
ROA
1.35%
Profit Margin
2.05%
Op Margin
12.36%
Gross Margin
61.29%
EPS (Latest Qtr)
$-0.21
EPS (TTM)
$0.23

Balance Sheet & Liquidity

Debt/Equity
1.16
Quick Ratio
0.79
Current Ratio
1.58
Debt
$435.31M
Total Assets
$944.69M
Current Assets
$161.30M
Working Capital
$54.77M

Ownership

Promoter Holding
61.35%
Chg in Prom Hold
-5.31%
FII / Inst Holding
8.34%
Chg in FII Hold
8.18%

Financial Snapshot

Enterprise Value
$801.12M
Total Revenue (TTM)
$563.47M
EBITDA
$30.85M
Free Cash Flow
$-17.87M
Operating Cash Flow
$40.91M
Shares Outstanding
59.08M
Gross Margin
61.29%
Payout Ratio
0.00%

Peer comparison

Peer companies in the same sector (Consumer Cyclical).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 REF Reformation Inc. 13.56 58.96 $801.12M 0.00% 3.46% 2.87% 18.76% -27.26%
2 AMZN Amazon.com, Inc. NDXSPXR3KAITECH 256.97 20.66 $2.77T 0.00% 13.33% 30.56% 24.04% 32.72%
3 TSLA Tesla, Inc. NDXSPXR3KAI 368.16 347.32 $1.45T 0.00% 4.10% 4.67% 52.40% 39.39%
4 HD The Home Depot, Inc. SPXR3K 313.70 21.97 $312.98B 3.08% 28.75% 104.30% 4.06% 6.35%
5 BABA Alibaba Group Holding Limited AITECH 112.66 25.43 $280.03B 0.93% 4.16% 6.36% 5.62% 12.49%
6 TM Toyota Motor Corporation 191.45 8.46 $226.71B 3.23% 5.24% 12.40% 10.91% 16.22%
7 MCD McDonald's Corporation SPXR3K 255.81 20.80 $181.02B 2.99% 22.47% - 0.92% 7.33%
8 TJX The TJX Companies, Inc. SPXR3K 128.92 23.87 $142.42B 1.52% 21.26% 62.17% 6.84% 8.48%
9 BKNG Booking Holdings Inc. NDXSPXR3K 180.30 20.03 $139.71B 0.87% 70.23% -96.88% 16.93% 22.07%
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios

Quarterly Results

Figures in USD.

Metric Mar 2025Mar 2026
Revenue 86.09M112.30M
Cost of Revenue 34.21M33.30M
Gross Profit 51.88M79.00M
Operating Expenses 55.78M91.84M
Operating Income -3.91M-12.84M
EBITDA -464.00K-8.62M
Interest Expense 4.15M3.27M
Pretax Income -7.48M-16.05M
Tax Provision -1.93M-3.90M
Net Income -5.55M-12.15M
Diluted EPS -0.09-0.21

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2023Dec 2024Dec 2025
Revenue 359.52M438.16M507.10M
Cost of Revenue 129.19M155.55M201.62M
Gross Profit 230.34M282.61M305.49M
Operating Expenses 192.76M229.95M276.67M
Operating Income 37.58M52.66M28.82M
EBITDA 47.23M66.49M44.60M
Interest Expense 010.71M14.57M
Pretax Income 38.75M45.68M16.86M
Tax Provision 14.87M12.75M4.22M
Net Income 23.89M32.93M12.64M
Diluted EPS 0.400.560.21

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2024Dec 2025
Total Assets 873.77M937.87M
Current Assets 164.31M160.91M
Cash & Equivalents 87.68M65.47M
Inventory 51.92M60.64M
Receivables 12.29M18.41M
Total Liabilities 447.16M497.07M
Current Liabilities 81.71M106.14M
Long Term Debt 155.01M147.72M
Total Debt 307.74M339.48M
Total Equity 426.61M440.80M
Shares Outstanding 59.08M59.08M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2023Dec 2024Dec 2025
Operating Cash Flow 37.81M44.27M26.67M
Investing Cash Flow -13.69M-26.15M-44.54M
Financing Cash Flow 29.00K-6.40M-5.16M
Capital Expenditure -13.69M-26.15M-44.54M
Free Cash Flow 24.12M18.12M-17.87M
Net Change in Cash 24.14M11.72M-23.03M

Ratios (Annual)

Figures in %.

Metric Dec 2023Dec 2024Dec 2025
Gross Margin % 64.1%64.5%60.2%
Operating Margin % 10.5%12.0%5.7%
Net Margin % 6.6%7.5%2.5%
ROE % -7.7%2.9%
ROCE % -6.6%3.5%

Shareholding Pattern

Insiders
61.35%
Institutions
8.34%
Public Float
21.59%

Analyst View

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Latest News

Recent headlines for REF

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REF — Frequently Asked Questions

What is the current share price of Reformation Inc. (REF)?

As of 2026-09-19 21:16 PDT, Reformation Inc. (REF) trades at $13.56 on NYSE. Its 52-week range is $13.32 to $16.84.

What is the market capitalisation of REF?

Reformation Inc. (REF) has a market capitalisation of $801.12M on NYSE.

What is the P/E ratio of REF?

REF trades at a trailing price-to-earnings (P/E) ratio of 58.96. The industry average P/E is 18.98. Its price-to-book (P/B) ratio is 1.93.

What is the return on equity (ROE) of REF?

REF has a return on equity (ROE) of 2.87%. Its return on capital employed (ROCE) is 3.46%.

Is REF a good stock to buy?

This page provides a data-driven analysis of Reformation Inc. (REF), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.

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