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NYSE · Apparel Retail · USD

Reformation Inc. (REF) Stock Analysis

Reformation Inc. (REF) is a Apparel Retail stock listed on NYSE and quoted in US Dollar.

REF

$13.69

+$0.05 (+0.37%)

Sep 4, 2026 · Market close

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Price History

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REF Key Statistics

As of Sep 4, 2026
Trading
Open
$13.41
Previous Close
$13.64
Day's Range
13.41–14.11
52-Week Range
12.83–17.26
Volume
190.70K
Valuation
Market Cap
$808.75M
P/E Ratio
136.90
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
19.72
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
1.52
EPS (ttm)Profit attributable to each share over the last twelve months.
0.10
Financials (FY)
Revenue (FY)
$507.10M+15.74%
Net Income (FY)
$12.64M−61.62%
Profit marginThe share of revenue left as profit after all costs and taxes.
1.13%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
59.08M
Dividend and dates
Earnings Date
September 10, 2026
Avg Volume
679.32K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

REF Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$507.10M$12.64M2.5%
2024$438.16M$32.93M7.5%
2023$359.52M$23.89M6.6%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$507.10M$305.49M$28.82M$12.64M2.5%
2024$438.16M$282.61M$52.66M$32.93M7.5%
2023$359.52M$230.34M$37.58M$23.89M6.6%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

REF Valuation vs Apparel Retail Median

Median of 39 stocks
MetricREFApparel Retail medianvs median
P/E136.9016.628.2x the median
P/S ratio1.520.423.6x the median
Profit margin1.13%2.56%1.4 pts below

Medians across 39 Apparel Retail stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Recent News

All 11 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

The market values Reformation Inc. (REF) at $808.75M. The company sits in the Consumer Cyclical sector, in the Apparel Retail industry. Headcount on file is 1,261.

The most recent close on file for REF is $13.69, dated September 4, 2026. That is +$0.05 (+0.37%) against the previous close. Over the past 52 weeks the price has ranged from $12.83 to $17.26. The latest close sits 6.7% above that 52-week low.

Financial Health

Fiscal 2025 revenue came to $507.10M. Against the prior fiscal year total of $438.16M, that is a change of +15.74%. Net income for the same year was $12.64M. That is −61.62% against the prior fiscal year. Profit margin runs at 1.13%. That is 1.4 percentage points below the Apparel Retail median of 2.56%. Trailing earnings per share are 0.1.

Across the 3 fiscal years on file, revenue moves from $359.52M in 2023 to $507.10M in 2025. Of those 3 years, 3 report positive net income.

Valuation Assessment

REF trades at a trailing price-to-earnings ratio of 136.9. That is 8.2 times the Apparel Retail median of 16.62. On forward earnings the ratio is 19.72. Measured against sales, the shares trade at 1.52 times revenue. On price-to-sales that is 3.6 times the Apparel Retail median of 0.42. The medians here are taken across 39 Apparel Retail companies that report the metric.

Growth & Income

The record shows no dividend for REF.

So far in 2026 the price is −9.22%.

Peer Comparison

Reformation Inc. (REF) operates in the Apparel Retail industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Reformation Inc. REF $808.75M 136.9
The TJX Companies, Inc. TJX $145.28B 24.5
Ross Stores, Inc. ROST $74.00B 27.9
Burlington Stores, Inc. BURL $16.67B 23.3

The Apparel Retail industry average P/E ratio is 16.6x. Reformation Inc. trades at a P/E of 136.9.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

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 ATZ.TO

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About Reformation Inc.

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.

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