Columbia Sportswear vs Warby Parker
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The short version
- Columbia Sportswear is the larger business, with $3.4B of revenue in fiscal 2025 against $872M for Warby Parker, about 3.9 times as much.
- Warby Parker grew revenue faster (13.0%, against 0.9%).
- Columbia Sportswear kept more of each dollar of sales as operating profit (6.1% operating margin, against β0.6%).
- Columbia Sportswear turned more of its sales into free cash flow (6.4% FCF margin, against 5.0%).
- Columbia Sportswear earned a higher return on the capital invested in it (17.0%, against β3.4%).
| Latest fiscal year | COLM Β· FY25 | WRBY Β· FY25 |
|---|---|---|
| Size | ||
| Market cap | $3.1B | $3.3B |
| Revenue | $3.4B | $872M |
| Free cash flow | $217M | $43.7M |
| Net income | $177M | $1.6M |
| Growth | ||
| Revenue growth | 0.9% | 13.0% |
| 5-year growth | 6.3% | 17.2% |
| Share count change | β6.4% | 3.9% |
| Profitability | ||
| Gross margin | 50.5% | 54.0% |
| Operating margin | 6.1% | β0.6% |
| Net margin | 5.2% | 0.2% |
| FCF margin | 6.4% | 5.0% |
| Return on capital | 17.0% | β3.4% |
| Return on equity | 10.2% | 0.5% |
| Balance sheet | ||
| Net debt | β$791M | β$286M |
| Net debt / EBITDA | β3.0x | β6.4x |
| Dividends and buybacks | $267M | $0.0M |
| Valuation & quality | ||
| P/E | 16.0x | β |
| Piotroski F-score | 5 | 4 |
FY16
COLM $2.4B
WRBY β
FY17
COLM $2.5B
WRBY β
FY18
COLM $2.8B
WRBY β
FY19
COLM $3.0B
WRBY $371M
FY20
COLM $2.5B
WRBY $394M
FY21
COLM $3.1B
WRBY $541M
FY22
COLM $3.5B
WRBY $598M
FY23
COLM $3.5B
WRBY $670M
FY24
COLM $3.4B
WRBY $771M
FY25
COLM $3.4B
WRBY $872M
COLM
WRBY
FY16
COLM 10.8%
WRBY β
FY17
COLM 10.7%
WRBY β
FY18
COLM 12.5%
WRBY β
FY19
COLM 13.0%
WRBY β0.5%
FY20
COLM 5.5%
WRBY β14.1%
FY21
COLM 14.4%
WRBY β26.6%
FY22
COLM 11.4%
WRBY β18.6%
FY23
COLM 8.9%
WRBY β10.8%
FY24
COLM 8.0%
WRBY β3.9%
FY25
COLM 6.1%
WRBY β0.6%
COLM
WRBY
FY16
COLM $225M
WRBY β
FY17
COLM $288M
WRBY β
FY18
COLM $224M
WRBY β
FY19
COLM $162M
WRBY β$11.2M
FY20
COLM $247M
WRBY $12.7M
FY21
COLM $320M
WRBY β$80.5M
FY22
COLM β$83.7M
WRBY β$49.8M
FY23
COLM $582M
WRBY $7.3M
FY24
COLM $431M
WRBY $34.7M
FY25
COLM $217M
WRBY $43.7M
COLM
WRBY
FY16
COLM 24.7%
WRBY β
FY17
COLM 13.7%
WRBY β
FY18
COLM 28.8%
WRBY β
FY19
COLM 30.1%
WRBY β
FY20
COLM 9.6%
WRBY β
FY21
COLM 33.1%
WRBY β
FY22
COLM 23.7%
WRBY β163.2%
FY23
COLM 17.9%
WRBY β69.8%
FY24
COLM 19.0%
WRBY β27.9%
FY25
COLM 17.0%
WRBY β3.4%
COLM
WRBY
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.