Torrid (CURV) Financials

$5.18 -0.12 (-2.25%)

Closing price 03:59 PM Eastern

Extended Trading

$5.17 -0.01 (-0.19%)

As of 06:30 PM Eastern

Annual Income Statements for Torrid

This table shows Torrid's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	2/1/2025	2/3/2024	1/28/2023
Net Income / (Loss) Attributable to Common Shareholders	16	12	50
Consolidated Net Income / (Loss)	16	12	50
Net Income / (Loss) Continuing Operations	16	12	50
Total Pre-Tax Income	22	18	72
Total Operating Income	57	57	102
Total Gross Profit	413	406	460
Total Revenue	1,104	1,152	1,288
Operating Revenue	1,104	1,152	1,288
Total Cost of Revenue	690	746	829
Operating Cost of Revenue	690	746	829
Total Operating Expenses	356	349	358
Selling, General & Admin Expense	302	293	298
Marketing Expense	54	55	60
Total Other Income / (Expense), net	-36	-39	-30
Interest & Investment Income	-36	-39	-30
Other Income / (Expense), net	0.03	0.09	-0.21
Income Tax Expense	5.29	6.42	21
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)	1.17	0.10	0.67
Basic Earnings per Share	$0.16	$0.11	$0.48
Weighted Average Basic Shares Outstanding	104.56M	103.99M	104.34M
Diluted Earnings per Share	$0.15	$0.11	$0.48
Weighted Average Diluted Shares Outstanding	105.68M	104.40M	104.49M
Weighted Average Basic & Diluted Shares Outstanding	104.93M	104.33M	103.80M

This table shows Torrid's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	2/1/2025	11/2/2024	8/3/2024	5/4/2024	2/3/2024	10/28/2023	7/29/2023	4/29/2023	1/28/2023	10/29/2022
Net Income / (Loss) Attributable to Common Shareholders	-3.31	-1.28	8.33	12	-3.85	-3.02	6.63	12	-4.23	7.28
Consolidated Net Income / (Loss)	-2.99	-1.19	8.33	12	-4.07	-2.75	6.63	12	-3.84	7.28
Net Income / (Loss) Continuing Operations	-2.96	-1.22	8.33	12	-4.07	-2.75	6.63	12	-3.84	7.28
Total Pre-Tax Income	-5.23	-1.22	11	17	-6.03	-3.14	11	17	-5.85	11
Total Operating Income	3.45	7.20	20	26	4.02	6.88	20	26	2.52	20
Total Gross Profit	93	95	110	115	101	92	103	111	96	102
Total Revenue	276	264	285	280	294	275	289	294	301	300
Operating Revenue	276	264	285	280	294	275	289	294	301	300
Total Cost of Revenue	183	169	174	164	192	184	186	183	205	198
Operating Cost of Revenue	183	169	174	164	192	184	186	183	205	198
Total Operating Expenses	89	88	90	89	97	85	82	85	94	82
Selling, General & Admin Expense	74	75	77	76	81	72	70	71	78	69
Marketing Expense	15	13	13	13	17	13	13	13	16	13
Total Other Income / (Expense), net	-8.68	-8.42	-9.02	-9.49	-10	-10	-9.52	-9.53	-8.37	-8.54
Other Income / (Expense), net	-0.35	0.36	0.12	-0.11	0.33	-0.27	0.09	-0.06	-	-
Income Tax Expense	-2.27	0.00	3.07	4.48	-1.96	-0.39	4.04	4.73	-2.01	4.14
Basic Earnings per Share	($0.03)	($0.01)	$0.08	$0.12	($0.03)	($0.03)	$0.06	$0.11	($0.04)	$0.07
Weighted Average Basic Shares Outstanding	104.56M	104.70M	104.50M	104.27M	103.99M	104.08M	103.93M	103.80M	104.34M	103.62M
Diluted Earnings per Share	($0.04)	($0.01)	$0.08	$0.12	($0.03)	($0.03)	$0.06	$0.11	($0.04)	$0.07
Weighted Average Diluted Shares Outstanding	105.68M	104.70M	106.07M	105.25M	104.40M	104.08M	104.17M	104.03M	104.49M	103.81M
Weighted Average Basic & Diluted Shares Outstanding	104.93M	104.76M	104.68M	104.35M	104.33M	104.10M	104.07M	103.87M	103.80M	103.66M

This table details how cash moves in and out of Torrid's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	2/1/2025	2/3/2024	1/28/2023
Net Change in Cash & Equivalents	37	-1.80	-15
Net Cash From Operating Activities	77	43	53
Net Cash From Continuing Operating Activities	77	43	53
Net Income / (Loss) Continuing Operations	16	12	50
Consolidated Net Income / (Loss)	16	12	50
Depreciation Expense	37	38	38
Amortization Expense	41	41	42
Non-Cash Adjustments To Reconcile Net Income	8.45	9.21	10
Changes in Operating Assets and Liabilities, net	-25	-57	-87
Net Cash From Investing Activities	-14	-26	-23
Net Cash From Continuing Investing Activities	-14	-26	-23
Purchase of Property, Plant & Equipment	-14	-26	-23
Net Cash From Financing Activities	-25	-19	-45
Net Cash From Continuing Financing Activities	-25	-19	-45
Repayment of Debt	-88	-611	-846
Repurchase of Common Equity	0.00	0.00	-32
Issuance of Debt	63	593	833
Issuance of Common Equity	1.04	0.40	0.75
Other Financing Activities, net	-0.77	-0.31	-0.67
Effect of Exchange Rate Changes	-1.71	-0.05	-0.18
Cash Interest Paid	35	34	30
Cash Income Taxes Paid	18	11	16

This table details how cash moves in and out of Torrid's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	2/1/2025	11/2/2024	8/3/2024	5/4/2024	2/3/2024	10/28/2023	7/29/2023	4/29/2023	1/28/2023	10/29/2022
Net Change in Cash & Equivalents	4.57	-9.99	33	8.73	-3.83	-2.95	0.28	4.69	-4.94	-4.43
Net Cash From Operating Activities	12	-3.08	41	28	9.04	2.04	20	11	-0.60	9.62
Net Cash From Continuing Operating Activities	12	-3.08	41	28	9.04	2.04	20	11	-0.60	9.62
Net Income / (Loss) Continuing Operations	-2.99	-1.19	8.33	12	-4.07	-2.75	6.63	12	-3.84	7.28
Consolidated Net Income / (Loss)	-2.99	-1.19	8.33	12	-4.07	-2.75	6.63	12	-3.84	7.28
Depreciation Expense	9.40	8.90	9.30	9.64	9.76	9.17	9.46	9.62	9.47	9.23
Amortization Expense	10	10	10	10	11	10	10	9.98	11	11
Non-Cash Adjustments To Reconcile Net Income	7.40	0.57	-1.05	1.53	5.43	0.07	3.44	0.26	0.21	-1.48
Changes in Operating Assets and Liabilities, net	-12	-22	14	-5.89	-13	-15	-9.19	-20	-17	-16
Net Cash From Investing Activities	-1.78	-2.44	-3.17	-7.01	-11	-5.64	-3.93	-5.66	-6.28	-5.64
Net Cash From Continuing Investing Activities	-1.78	-2.44	-3.17	-7.01	-11	-5.64	-3.93	-5.66	-6.28	-5.64
Purchase of Property, Plant & Equipment	-1.78	-2.44	-3.17	-7.01	-11	-5.64	-3.93	-5.66	-6.28	-5.64
Net Cash From Financing Activities	-4.13	-4.39	-4.12	-12	-2.18	0.78	-16	-0.80	1.88	-8.17
Net Cash From Continuing Financing Activities	-4.13	-4.39	-4.12	-12	-2.18	0.78	-16	-0.80	1.88	-8.17
Repayment of Debt	-4.38	-4.38	-4.38	-74	-140	-108	-166	-198	-199	-216
Issuance of Common Equity	0.34	0.18	0.44	0.09	0.08	0.12	0.07	0.13	0.13	0.15
Other Financing Activities, net	-0.10	-0.19	-0.18	-0.30	-0.06	-0.06	-0.06	-0.12	-0.11	-0.14
Effect of Exchange Rate Changes	-1.55	-0.08	-0.05	-0.03	0.09	-0.13	0.06	-0.07	0.06	-0.23
Cash Interest Paid	8.00	8.55	8.82	9.71	9.34	9.38	6.40	9.07	15	0.52
Cash Income Taxes Paid	3.57	3.11	11	0.20	0.18	0.22	9.93	0.83	0.38	1.81

This table presents Torrid's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	2/1/2025	2/3/2024	1/28/2023
Total Assets	488	477	527
Total Current Assets	226	179	216
Cash & Equivalents	49	12	14
Restricted Cash	0.40	0.40	0.37
Inventories, net	148	142	180
Prepaid Expenses	25	22	20
Current Deferred & Refundable Income Taxes	4.24	2.56	2.08
Plant, Property, & Equipment, net	78	104	114
Total Noncurrent Assets	185	194	198
Intangible Assets	8.40	8.40	8.40
Noncurrent Deferred & Refundable Income Taxes	17	8.68	3.30
Other Noncurrent Operating Assets	160	177	186
Total Liabilities & Shareholders' Equity	488	477	527
Total Liabilities	680	689	757
Total Current Liabilities	263	232	267
Short-Term Debt	16	23	25
Accounts Payable	72	46	76
Accrued Expenses	126	108	109
Current Deferred & Payable Income Tax Liabilities	0.00	2.67	0.00
Other Current Liabilities	49	52	58
Total Noncurrent Liabilities	416	457	490
Long-Term Debt	272	289	305
Noncurrent Employee Benefit Liabilities	3.91	5.47	4.25
Other Noncurrent Operating Liabilities	140	163	181
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-191	-212	-230
Total Preferred & Common Equity	-191	-212	-230
Preferred Stock	0.00	0.00	-
Total Common Equity	-191	-212	-230
Common Stock	141	136	129
Retained Earnings	-331	-348	-359
Accumulated Other Comprehensive Income / (Loss)	-0.90	-0.31	-0.26

This table presents Torrid's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	11/2/2024	8/3/2024	5/4/2024	10/28/2023	7/29/2023	4/29/2023	10/29/2022
Total Assets	493	487	480	509	492	515	564
Total Current Assets	223	217	194	216	205	217	243
Cash & Equivalents	44	54	20	16	19	18	19
Restricted Cash	0.40	0.40	0.40	0.37	0.37	0.37	0.32
Inventories, net	138	128	145	171	158	175	200
Prepaid Expenses	33	30	27	25	24	22	23
Current Deferred & Refundable Income Taxes	6.62	4.13	1.59	4.65	4.08	1.85	1.15
Plant, Property, & Equipment, net	86	92	98	101	103	108	116
Total Noncurrent Assets	185	179	187	192	185	190	205
Intangible Assets	8.40	8.40	8.40	8.40	8.40	8.40	8.40
Noncurrent Deferred & Refundable Income Taxes	8.68	8.68	8.68	3.30	3.30	3.29	4.87
Other Noncurrent Operating Assets	168	162	170	181	173	178	192
Total Liabilities & Shareholders' Equity	493	487	480	509	492	515	564
Total Liabilities	682	676	678	719	700	732	793
Total Current Liabilities	251	246	234	252	236	255	295
Short-Term Debt	16	16	16	21	16	28	18
Accounts Payable	77	68	59	79	62	78	125
Accrued Expenses	117	117	109	102	107	91	102
Current Deferred & Payable Income Tax Liabilities	0.06	0.72	6.00	-	-	3.68	3.09
Other Current Liabilities	41	44	45	50	51	55	46
Total Noncurrent Liabilities	431	431	444	466	464	477	499
Long-Term Debt	276	280	285	293	297	301	309
Noncurrent Employee Benefit Liabilities	3.74	5.02	5.26	4.75	4.85	4.54	4.17
Other Noncurrent Operating Liabilities	151	145	154	169	162	172	186
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-189	-189	-199	-209	-208	-216	-229
Total Preferred & Common Equity	-189	-189	-199	-209	-208	-216	-229
Preferred Stock	0.00	0.00	0.00	-	-	-	-
Total Common Equity	-189	-189	-199	-209	-208	-216	-229
Common Stock	140	139	137	135	133	131	127
Retained Earnings	-328	-327	-335	-344	-341	-347	-355
Accumulated Other Comprehensive Income / (Loss)	-0.59	-0.50	-0.40	-0.48	-0.20	-0.43	-0.40

This table displays calculated financial ratios and metrics derived from Torrid's official financial filings.

Metric	2024	2023	2022
Period end date	2/1/2025	2/3/2024	1/28/2023
Growth Metrics	-	-	-
Revenue Growth	-4.18%	-10.57%	-0.70%
EBITDA Growth	-1.14%	-24.46%	46.11%
EBIT Growth	0.00%	-43.56%	123.48%
NOPAT Growth	17.37%	-48.28%	124.07%
Net Income Growth	40.44%	-76.86%	0.00%
EPS Growth	36.36%	-77.08%	0.00%
Operating Cash Flow Growth	80.94%	-19.77%	-56.02%
Free Cash Flow Firm Growth	145.20%	-15.33%	1,251.57%
Invested Capital Growth	-44.91%	3.59%	58.24%
Revenue Q/Q Growth	-1.60%	-0.66%	-2.36%
EBITDA Q/Q Growth	-1.19%	1.58%	-7.37%
EBIT Q/Q Growth	-0.93%	2.86%	-12.06%
NOPAT Q/Q Growth	2.30%	1.71%	72.58%
Net Income Q/Q Growth	7.10%	-1.91%	60.42%
EPS Q/Q Growth	-6.25%	10.00%	50.00%
Operating Cash Flow Q/Q Growth	4.01%	29.09%	6.89%
Free Cash Flow Firm Q/Q Growth	15.10%	26.80%	0.00%
Invested Capital Q/Q Growth	-17.66%	-0.59%	7.58%
Profitability Metrics	-	-	-
Gross Margin	37.46%	35.24%	35.67%
EBITDA Margin	12.24%	11.86%	14.04%
Operating Margin	5.18%	4.96%	7.89%
EBIT Margin	5.19%	4.97%	7.87%
Profit (Net Income) Margin	1.48%	1.01%	3.90%
Tax Burden Percent	75.54%	64.42%	70.04%
Interest Burden Percent	37.74%	31.51%	70.68%
Effective Tax Rate	24.46%	35.58%	29.96%
Return on Invested Capital (ROIC)	63.24%	42.52%	102.56%
ROIC Less NNEP Spread (ROIC-NNEP)	53.27%	34.33%	95.87%
Return on Net Nonoperating Assets (RNNOA)	-71.34%	-47.78%	-123.11%
Return on Equity (ROE)	-8.10%	-5.26%	-20.55%
Cash Return on Invested Capital (CROIC)	121.16%	38.99%	57.45%
Operating Return on Assets (OROA)	11.86%	11.40%	18.34%
Return on Assets (ROA)	3.38%	2.31%	9.08%
Return on Common Equity (ROCE)	-8.10%	-5.26%	-20.55%
Return on Equity Simple (ROE_SIMPLE)	-8.54%	-5.49%	-21.81%
Net Operating Profit after Tax (NOPAT)	43	37	71
NOPAT Margin	3.92%	3.20%	5.53%
Net Nonoperating Expense Percent (NNEP)	9.97%	8.19%	6.69%
Return On Investment Capital (ROIC_SIMPLE)	44.34%	36.73%	71.90%
Cost of Revenue to Revenue	62.54%	64.76%	64.33%
SG&A Expenses to Revenue	27.36%	25.46%	23.13%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	32.28%	30.28%	27.79%
Earnings before Interest and Taxes (EBIT)	57	57	101
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	135	137	181
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.67	0.45	0.30
Price to Earnings (P/E)	47.01	44.73	7.71
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	2.13%	2.24%	12.97%
Enterprise Value to Invested Capital (EV/IC)	20.17	9.27	8.23
Enterprise Value to Revenue (EV/Rev)	0.89	0.71	0.54
Enterprise Value to EBITDA (EV/EBITDA)	7.25	5.98	3.87
Enterprise Value to EBIT (EV/EBIT)	17.11	14.28	6.90
Enterprise Value to NOPAT (EV/NOPAT)	22.66	22.20	9.83
Enterprise Value to Operating Cash Flow (EV/OCF)	12.65	19.11	13.13
Enterprise Value to Free Cash Flow (EV/FCFF)	11.83	24.20	17.55
Leverage & Solvency	-	-	-
Debt to Equity	-1.51	-1.47	-1.43
Long-Term Debt to Equity	-1.43	-1.36	-1.32
Financial Leverage	-1.34	-1.39	-1.28
Leverage Ratio	-2.40	-2.27	-2.26
Compound Leverage Factor	-0.90	-0.72	-1.60
Debt to Total Capital	296.06%	311.19%	332.56%
Short-Term Debt to Total Capital	16.56%	23.36%	24.77%
Long-Term Debt to Total Capital	279.50%	287.83%	307.78%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	-196.06%	-211.19%	-232.56%
Debt to EBITDA	2.14	2.28	1.82
Net Debt to EBITDA	1.77	2.19	1.74
Long-Term Debt to EBITDA	2.02	2.11	1.68
Debt to NOPAT	6.68	8.47	4.63
Net Debt to NOPAT	5.55	8.14	4.43
Long-Term Debt to NOPAT	6.30	7.84	4.28
Altman Z-Score	2.26	2.11	2.31
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	0.86	0.77	0.81
Quick Ratio	0.18	0.05	0.05
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	83	34	40
Operating Cash Flow to CapEx	537.73%	164.49%	228.13%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00
Efficiency Ratios	-	-	-
Asset Turnover	2.29	2.29	2.33
Accounts Receivable Turnover	0.00	0.00	0.00
Inventory Turnover	4.75	4.63	4.73
Fixed Asset Turnover	12.18	10.61	10.68
Accounts Payable Turnover	11.64	12.19	9.85
Days Sales Outstanding (DSO)	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	76.86	78.84	77.23
Days Payable Outstanding (DPO)	31.35	29.94	37.06
Cash Conversion Cycle (CCC)	45.51	48.90	40.17
Capital & Investment Metrics	-	-	-
Invested Capital	49	88	85
Invested Capital Turnover	16.15	13.30	18.56
Increase / (Decrease) in Invested Capital	-40	3.05	31
Enterprise Value (EV)	979	817	700
Market Capitalization	740	517	385
Book Value per Share	($1.82)	($2.03)	($2.22)
Tangible Book Value per Share	($1.90)	($2.11)	($2.30)
Total Capital	97	100	99
Total Debt	289	312	329
Total Long-Term Debt	272	289	305
Net Debt	240	300	315
Capital Expenditures (CapEx)	14	26	23
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-70	-42	-41
Debt-free Net Working Capital (DFNWC)	-21	-30	-27
Net Working Capital (NWC)	-37	-53	-51
Net Nonoperating Expense (NNE)	27	25	21
Net Nonoperating Obligations (NNO)	240	300	315
Total Depreciation and Amortization (D&A)	78	79	79
Debt-free, Cash-free Net Working Capital to Revenue	-6.32%	-3.62%	-3.15%
Debt-free Net Working Capital to Revenue	-1.89%	-2.57%	-2.07%
Net Working Capital to Revenue	-3.35%	-4.60%	-3.98%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$0.16	$0.11	$0.00
Adjusted Weighted Average Basic Shares Outstanding	104.56M	103.99M	0.00
Adjusted Diluted Earnings per Share	$0.15	$0.11	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	105.68M	104.40M	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	104.93M	104.33M	0.00
Normalized Net Operating Profit after Tax (NOPAT)	43	37	71
Normalized NOPAT Margin	3.92%	3.20%	5.53%
Pre Tax Income Margin	1.96%	1.57%	5.56%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	63.14%

This table displays calculated financial ratios and metrics derived from Torrid's official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	2/1/2025	11/2/2024	8/3/2024	5/4/2024	2/3/2024	10/28/2023	7/29/2023	4/29/2023	1/28/2023	10/29/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-6.12%	-4.23%	-1.56%	-4.79%	-2.55%	-8.26%	-18.21%	-11.81%	-9.38%	-1.97%
EBITDA Growth	-9.33%	1.90%	0.09%	0.52%	10.43%	-34.15%	-32.54%	-23.51%	-38.55%	-37.00%
EBIT Growth	-28.57%	14.35%	1.28%	0.12%	72.68%	-66.85%	-48.56%	-34.57%	-84.49%	-54.37%
NOPAT Growth	-14.07%	4.65%	18.96%	2.65%	59.64%	-62.12%	-54.23%	-34.91%	-84.49%	118.58%
Net Income Growth	26.58%	56.55%	25.63%	3.08%	-5.88%	-137.76%	-70.81%	-50.93%	-153.46%	112.35%
EPS Growth	-33.33%	66.67%	33.33%	9.09%	25.00%	-142.86%	-72.73%	-52.17%	-157.14%	112.96%
Operating Cash Flow Growth	32.99%	-251.40%	99.41%	146.14%	1,611.87%	-78.84%	-41.71%	22.35%	85.17%	-48.78%
Free Cash Flow Firm Growth	17,343.94%	830.81%	6,412.83%	1,388.17%	99.18%	-102.19%	-100.87%	104.38%	0.00%	161.73%
Invested Capital Growth	-44.91%	-33.49%	-38.12%	-13.48%	3.59%	12.10%	18.24%	21.31%	58.24%	-72.14%
Revenue Q/Q Growth	4.47%	-7.33%	1.74%	-4.69%	6.58%	-4.75%	-1.60%	-2.45%	0.34%	-15.08%
EBITDA Q/Q Growth	-15.04%	-33.22%	-12.94%	85.99%	-4.51%	-34.41%	-12.56%	101.63%	-43.06%	-32.80%
EBIT Q/Q Growth	-58.99%	-63.17%	-21.11%	548.39%	-34.35%	-67.38%	-22.02%	933.92%	-87.40%	-49.38%
NOPAT Q/Q Growth	-52.10%	-66.21%	-21.91%	579.77%	-41.66%	-61.59%	-32.62%	957.21%	-86.16%	-53.58%
Net Income Q/Q Growth	-150.25%	-114.34%	-31.58%	399.07%	-48.11%	-141.45%	-43.86%	407.18%	-152.82%	-67.96%
EPS Q/Q Growth	-300.00%	-112.50%	-33.33%	500.00%	0.00%	-150.00%	-45.45%	375.00%	-157.14%	-68.18%
Operating Cash Flow Q/Q Growth	490.26%	-107.55%	47.78%	205.54%	344.28%	-90.06%	82.41%	1,976.76%	-106.22%	-72.62%
Free Cash Flow Firm Q/Q Growth	20.92%	-27.32%	50.51%	13,136.95%	94.88%	-527.78%	-135.48%	107.22%	-113.59%	150.42%
Invested Capital Q/Q Growth	-17.66%	10.52%	-34.28%	-7.90%	-0.59%	2.82%	-8.10%	10.27%	7.58%	8.45%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	33.62%	36.08%	38.74%	41.26%	34.46%	33.22%	35.51%	37.65%	31.93%	33.96%
EBITDA Margin	8.22%	10.10%	14.02%	16.39%	8.51%	9.50%	13.79%	15.52%	7.51%	13.23%
Operating Margin	1.25%	2.73%	7.17%	9.34%	1.37%	2.50%	6.98%	8.87%	0.83%	6.65%
EBIT Margin	1.13%	2.87%	7.22%	9.31%	1.48%	2.40%	7.01%	8.85%	0.83%	6.65%
Profit (Net Income) Margin	-1.08%	-0.45%	2.93%	4.35%	-1.39%	-1.00%	2.29%	4.02%	-1.28%	2.42%
Tax Burden Percent	57.15%	97.87%	73.08%	73.08%	67.51%	87.46%	62.12%	71.41%	65.66%	63.74%
Interest Burden Percent	-168.54%	-16.13%	55.49%	63.98%	-138.82%	-47.50%	52.63%	63.59%	-232.76%	57.21%
Effective Tax Rate	0.00%	0.00%	26.92%	26.92%	0.00%	0.00%	37.88%	28.59%	0.00%	36.26%
Return on Invested Capital (ROIC)	14.16%	29.05%	85.14%	88.83%	12.74%	24.19%	64.58%	92.45%	10.85%	30.81%
ROIC Less NNEP Spread (ROIC-NNEP)	12.15%	26.77%	82.68%	86.48%	10.50%	21.69%	62.62%	90.33%	9.06%	29.46%
Return on Net Nonoperating Assets (RNNOA)	-16.28%	-36.68%	-111.77%	-122.93%	-14.62%	-29.99%	-84.95%	-123.13%	-11.63%	-53.56%
Return on Equity (ROE)	-2.12%	-7.63%	-26.63%	-34.11%	-1.88%	-5.80%	-20.37%	-30.69%	-0.79%	-22.75%
Cash Return on Invested Capital (CROIC)	121.16%	97.47%	106.77%	57.63%	38.99%	31.76%	40.94%	51.97%	57.45%	0.00%
Operating Return on Assets (OROA)	2.57%	6.42%	16.69%	21.28%	3.39%	5.19%	15.84%	20.41%	1.95%	14.61%
Return on Assets (ROA)	-2.48%	-1.01%	6.77%	9.95%	-3.18%	-2.16%	5.18%	9.27%	-2.97%	5.33%
Return on Common Equity (ROCE)	-2.12%	-7.63%	-26.63%	-34.11%	-1.88%	-5.80%	-20.37%	-30.69%	-0.79%	-22.75%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-8.05%	-7.24%	-6.03%	0.00%	-5.66%	-10.53%	-17.54%	0.00%	-13.66%
Net Operating Profit after Tax (NOPAT)	2.42	5.04	15	19	2.81	4.82	13	19	1.76	13
NOPAT Margin	0.88%	1.91%	5.24%	6.83%	0.96%	1.75%	4.34%	6.33%	0.58%	4.24%
Net Nonoperating Expense Percent (NNEP)	2.00%	2.28%	2.46%	2.35%	2.24%	2.50%	1.95%	2.12%	1.79%	1.35%
Return On Investment Capital (ROIC_SIMPLE)	2.48%	4.88%	-	-	2.80%	4.61%	-	-	1.78%	-
Cost of Revenue to Revenue	66.38%	63.92%	61.26%	58.74%	65.54%	66.78%	64.49%	62.35%	68.07%	66.04%
SG&A Expenses to Revenue	26.79%	28.40%	27.00%	27.33%	27.47%	26.10%	24.07%	24.24%	25.84%	23.10%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	32.36%	33.35%	31.56%	31.91%	33.09%	30.73%	28.53%	28.78%	31.09%	27.31%
Earnings before Interest and Taxes (EBIT)	3.10	7.56	21	26	4.34	6.62	20	26	2.52	20
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	23	27	40	46	25	26	40	46	23	40
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.67	0.34	0.71	0.49	0.45	0.19	0.24	0.28	0.30	0.38
Price to Earnings (P/E)	47.01	24.89	60.12	47.26	44.73	20.72	13.36	9.52	7.71	15.81
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	2.13%	4.02%	1.66%	2.12%	2.24%	4.83%	7.48%	10.50%	12.97%	6.32%
Enterprise Value to Invested Capital (EV/IC)	20.17	10.60	19.65	10.26	9.27	5.90	6.69	7.09	8.23	10.20
Enterprise Value to Revenue (EV/Rev)	0.89	0.56	0.92	0.73	0.71	0.45	0.49	0.53	0.54	0.61
Enterprise Value to EBITDA (EV/EBITDA)	7.25	4.57	7.66	6.09	5.98	3.89	3.90	3.98	3.87	4.13
Enterprise Value to EBIT (EV/EBIT)	17.11	10.82	18.24	14.55	14.28	9.39	8.39	7.56	6.90	6.99
Enterprise Value to NOPAT (EV/NOPAT)	22.66	14.80	25.17	22.05	22.20	14.44	12.57	10.91	9.83	19.56
Enterprise Value to Operating Cash Flow (EV/OCF)	12.65	8.40	13.18	14.07	19.11	15.78	14.16	12.01	13.13	16.17
Enterprise Value to Free Cash Flow (EV/FCFF)	11.83	8.69	14.07	16.52	24.20	19.63	17.70	14.96	17.55	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-1.51	-1.55	-1.57	-1.51	-1.47	-1.50	-1.51	-1.52	-1.43	-1.43
Long-Term Debt to Equity	-1.43	-1.46	-1.48	-1.43	-1.36	-1.40	-1.43	-1.39	-1.32	-1.35
Financial Leverage	-1.34	-1.37	-1.35	-1.42	-1.39	-1.38	-1.36	-1.36	-1.28	-1.82
Leverage Ratio	-2.40	-2.52	-2.47	-2.40	-2.27	-2.45	-2.35	-2.30	-2.26	-2.71
Compound Leverage Factor	4.04	0.41	-1.37	-1.53	3.15	1.16	-1.24	-1.46	5.27	-1.55
Debt to Total Capital	296.06%	283.23%	275.47%	294.71%	311.19%	300.04%	297.56%	292.43%	332.56%	333.90%
Short-Term Debt to Total Capital	16.56%	15.63%	14.99%	15.82%	23.36%	20.31%	15.36%	24.99%	24.77%	18.68%
Long-Term Debt to Total Capital	279.50%	267.61%	260.48%	278.88%	287.83%	279.73%	282.20%	267.44%	307.78%	315.22%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	-196.06%	-183.23%	-175.47%	-194.71%	-211.19%	-200.04%	-197.56%	-192.43%	-232.56%	-233.90%
Debt to EBITDA	2.14	2.14	2.17	2.20	2.28	2.33	2.12	1.97	1.82	1.67
Net Debt to EBITDA	1.77	1.82	1.77	2.05	2.19	2.21	1.99	1.86	1.74	1.58
Long-Term Debt to EBITDA	2.02	2.02	2.05	2.08	2.11	2.18	2.01	1.80	1.68	1.58
Debt to NOPAT	6.68	6.93	7.12	7.96	8.47	8.67	6.82	5.39	4.63	7.93
Net Debt to NOPAT	5.55	5.88	5.82	7.41	8.14	8.23	6.41	5.09	4.43	7.47
Long-Term Debt to NOPAT	6.30	6.54	6.74	7.53	7.84	8.08	6.47	4.93	4.28	7.49
Altman Z-Score	1.89	1.66	2.17	1.96	1.74	1.48	1.74	1.85	1.69	1.84
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.86	0.89	0.88	0.83	0.77	0.86	0.87	0.85	0.81	0.83
Quick Ratio	0.18	0.18	0.22	0.09	0.05	0.06	0.08	0.07	0.05	0.06
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	42	35	48	32	-0.24	-4.75	-0.76	2.13	-30	217
Operating Cash Flow to CapEx	677.41%	-126.43%	1,286.98%	394.18%	83.92%	36.11%	520.52%	198.29%	-9.52%	170.41%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	3.39	0.00	0.00	0.00	0.23	0.00	25.91
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	2.95	0.00	0.00	0.00	1.19	0.00	1.15
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	2.20	0.00	0.00	0.00	0.59	0.00	0.47
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.29	2.24	2.31	2.29	2.29	2.16	2.26	2.31	2.33	2.20
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	4.75	4.52	5.00	4.55	4.63	4.09	4.57	4.57	4.73	4.67
Fixed Asset Turnover	12.18	12.04	11.67	11.02	10.61	10.71	10.66	10.75	10.68	10.64
Accounts Payable Turnover	11.64	8.94	10.94	10.66	12.19	7.44	10.93	10.05	9.85	7.74
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	76.86	80.67	73.06	80.22	78.84	89.23	79.93	79.82	77.23	78.23
Days Payable Outstanding (DPO)	31.35	40.82	33.36	34.23	29.94	49.04	33.38	36.30	37.06	47.18
Cash Conversion Cycle (CCC)	45.51	39.85	39.70	45.99	48.90	40.19	46.55	43.52	40.17	31.06
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	49	59	53	81	88	89	86	94	85	79
Invested Capital Turnover	16.15	15.20	16.24	13.01	13.30	13.83	14.89	14.60	18.56	7.27
Increase / (Decrease) in Invested Capital	-40	-30	-33	-13	3.05	9.57	13	16	31	-205
Enterprise Value (EV)	979	625	1,048	833	817	523	576	665	700	807
Market Capitalization	740	377	806	553	517	225	283	355	385	498
Book Value per Share	($1.82)	($1.81)	($1.81)	($1.90)	($2.03)	($2.01)	($2.00)	($2.08)	($2.22)	($2.21)
Tangible Book Value per Share	($1.90)	($1.89)	($1.89)	($1.98)	($2.11)	($2.09)	($2.08)	($2.17)	($2.30)	($2.29)
Total Capital	97	103	108	102	100	105	105	112	99	98
Total Debt	289	293	297	301	312	314	313	329	329	327
Total Long-Term Debt	272	276	280	285	289	293	297	301	305	309
Net Debt	240	248	242	280	300	298	294	310	315	308
Capital Expenditures (CapEx)	1.78	2.44	3.17	7.01	11	5.64	3.93	5.66	6.28	5.64
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-70	-57	-67	-45	-42	-31	-34	-28	-41	-52
Debt-free Net Working Capital (DFNWC)	-21	-12	-12	-24	-30	-15	-15	-9.66	-27	-33
Net Working Capital (NWC)	-37	-28	-28	-40	-53	-36	-32	-38	-51	-51
Net Nonoperating Expense (NNE)	5.40	6.24	6.59	6.93	6.88	7.57	5.91	6.80	5.60	5.44
Net Nonoperating Obligations (NNO)	240	248	242	280	300	298	294	310	315	308
Total Depreciation and Amortization (D&A)	20	19	19	20	21	20	20	20	20	20
Debt-free, Cash-free Net Working Capital to Revenue	-6.32%	-5.05%	-5.88%	-3.93%	-3.62%	-2.66%	-2.90%	-2.26%	-3.15%	-3.92%
Debt-free Net Working Capital to Revenue	-1.89%	-1.09%	-1.08%	-2.10%	-2.57%	-1.28%	-1.31%	-0.77%	-2.07%	-2.49%
Net Working Capital to Revenue	-3.35%	-2.53%	-2.51%	-3.52%	-4.60%	-3.12%	-2.67%	-3.02%	-3.98%	-3.88%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.03)	($0.01)	$0.08	$0.12	($0.03)	($0.03)	$0.06	$0.11	($0.04)	$0.07
Adjusted Weighted Average Basic Shares Outstanding	104.56M	104.70M	104.50M	104.27M	103.99M	104.08M	103.93M	103.80M	104.34M	103.62M
Adjusted Diluted Earnings per Share	($0.04)	($0.01)	$0.08	$0.12	($0.03)	($0.03)	$0.06	$0.11	($0.04)	$0.07
Adjusted Weighted Average Diluted Shares Outstanding	105.68M	104.70M	106.07M	105.25M	104.40M	104.08M	104.17M	104.03M	104.49M	103.81M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	104.93M	104.76M	104.68M	104.35M	104.33M	104.10M	104.07M	103.87M	103.80M	103.66M
Normalized Net Operating Profit after Tax (NOPAT)	2.42	5.04	15	19	2.81	4.82	13	19	1.76	13
Normalized NOPAT Margin	0.88%	1.91%	5.24%	6.83%	0.96%	1.75%	4.34%	6.33%	0.58%	4.24%
Pre Tax Income Margin	-1.90%	-0.46%	4.00%	5.95%	-2.05%	-1.14%	3.69%	5.63%	-1.94%	3.80%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	2.78	0.00	0.00	0.00	2.75	0.00	2.38
NOPAT to Interest Expense	0.00	0.00	0.00	2.04	0.00	0.00	0.00	1.97	0.00	1.52
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	2.03	0.00	0.00	0.00	2.15	0.00	1.71
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	1.29	0.00	0.00	0.00	1.37	0.00	0.84
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	63.14%	175.89%

Frequently Asked Questions About Torrid's Financials

When does Torrid's fiscal year end?

According to the most recent income statement we have on file, Torrid's financial year ends in February. Their financial year 2025 ended on February 1, 2025.

How has Torrid's net income changed over the last 2 years?

Torrid's net income appears to be on a downward trend, with a most recent value of $16.32 million in 2024, falling from $50.21 million in 2022. The previous period was $11.62 million in 2023. See Torrid's forecast for analyst expectations on what’s next for the company.

What is Torrid's operating income?

Torrid's total operating income in 2024 was $57.21 million, based on the following breakdown:

Total Gross Profit: $413.47 million
Total Operating Expenses: $356.26 million

How has Torrid revenue changed over the last 2 years?

Over the last 2 years, Torrid's total revenue changed from $1.29 billion in 2022 to $1.10 billion in 2024, a change of -14.3%.

How much debt does Torrid have?

Torrid's total liabilities were at $679.53 million at the end of 2024, a 1.3% decrease from 2023, and a 10.3% decrease since 2022.

How much cash does Torrid have?

In the past 2 years, Torrid's cash and equivalents has ranged from $11.74 million in 2023 to $48.52 million in 2024, and is currently $48.52 million as of their latest financial filing in 2024.

How has Torrid's book value per share changed over the last 2 years?

Over the last 2 years, Torrid's book value per share changed from -2.22 in 2022 to -1.82 in 2024, a change of -17.9%.

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This page (NYSE:CURV) was last updated on 5/23/2025 by MarketBeat.com Staff

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Torrid (CURV) Financials

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Torrid (CURV) Financials

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