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StockVS

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.

Last Updated: October 21, 2026

REF

$13.99

−$0.51 (−3.52%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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REF Key Statistics

As of Oct 21, 2026
Trading
Open
$14.42
Previous Close
$14.50
Day's Range
13.95–14.61
52-Week Range
11.85–17.26
Volume
138.52K
Valuation
Market Cap
$826.52M
P/E Ratio
69.95
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
18.72
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
1.47
EPS (ttm)Profit attributable to each share over the last twelve months.
0.20
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.
2.05%
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
November 10, 2026estimated
Avg Volume
602.71K

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

Key facts

Reformation Inc. (REF) has a market capitalization of $826.52M.

In fiscal 2025, REF reported revenue of $507.10M.

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 36 stocks
MetricREFApparel Retail medianvs median
P/E69.9515.074.6x the median
P/S ratio1.470.423.5x the median
Profit margin2.05%2.20%0.2 pts below

Medians across 36 Apparel Retail stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Recent News

All 20 articles ↓

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

Analysis

Data-derived

Company Overview

The market values Reformation Inc. (REF) at $826.52M. The company sits in the Consumer Cyclical sector, in the Apparel Retail industry. Headcount on file is 1,353.

The most recent close on file for REF is $13.99, dated October 21, 2026. That is −$0.51 (−3.52%) against the previous close. Over the past 52 weeks the price has ranged from $11.85 to $17.26. The latest close sits 18.06% 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 2.05%. That is 0.2 percentage points below the Apparel Retail median of 2.2%. Trailing earnings per share are 0.2.

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 69.95. That is 4.6 times the Apparel Retail median of 15.07. On forward earnings the ratio is 18.72. Measured against sales, the shares trade at 1.47 times revenue. On price-to-sales that is 3.5 times the Apparel Retail median of 0.42. The medians here are taken across 36 Apparel Retail companies that report the metric.

Growth & Income

The record shows no dividend for REF.

So far in 2026 the total return is −7.23%.

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 $826.52M 70.0
The TJX Companies, Inc. TJX $160.07B 27.0
Ross Stores, Inc. ROST $75.12B 28.3
Aritzia Inc. ATZ.TO CA$17.42B 31.0

Market caps are shown in each company's own trading currency, without conversion, and the peers are listed in order of these unconverted figures.

The Apparel Retail industry average P/E ratio is 15.1x. Reformation Inc. trades at a P/E of 70.0.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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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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