ZUMZ
Zumiez Inc.
ZUMZ's fundamentals are mixed, but it looks expensive: trading at 22x earnings, above its usual 14x. Analysts expect strong earnings growth, though they disagree widely on how much.
ZUMZ Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Strong |
ZUMZ's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
ZUMZ PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 8.1x | $5.19 | -63% |
| Fair | 14x | $8.64 | -39% |
| Current | 22x | $14.09 | — |
| Expensive | 25x | $16.27 | +15% |
| Forward | 34x | $14.09 | — |
Historical ranges are pointers, not guarantees.
ZUMZ's PE is in its expensive range at 22x. On analysts' estimates for next year's earnings, today's price would be 34x.
ZUMZ Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Strong growth | |
| Stable | |
| Stable | |
| Limited | |
| Low |
Analysts expect ZUMZ's earnings to grow, with its revenue and profitability holding steady. However, they disagree widely on these estimates.
ZUMZ Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.42 | -35% |
| Q3 2026 | $0.64 | +$0.68 |
| Q2 2026 | $0.75 | +$0.77 |
| Q1 2026 | $0.78 | +$0.87 |
| Q4 2025 | $0.45 | +$3.02 |
| Q3 2025 | -$0.04 | +$2.71 |
| Q2 2025 | -$0.02 | +$3.13 |
| Q1 2025 | -$0.09 | +$3.16 |
| Q4 2024 | -$2.57 | -$1.63 |
ZUMZ has returned to profit: it earned $0.64 per share over the past year, after losing money the year before.
ZUMZ Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $209M | -2.5% |
| Q2 2026 | $193.3M | +4.9% |
| Q1 2026 | $291.3M | +4.4% |
| Q4 2025 | $239.1M | +7.5% |
| Q3 2025 | $214.3M | +1.9% |
| Q2 2025 | $184.3M | +3.9% |
| Q1 2025 | $279.2M | -0.9% |
| Q4 2024 | $222.5M | +2.8% |
ZUMZ's revenue fell from its 2022 peak and has held roughly level since: $209M last quarter, down 2.5% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -0.6% | -0.7 points |
| Q2 2026 | -7.9% | +2.9 points |
| Q1 2026 | 8.6% | +1.4 points |
| Q4 2025 | 4.9% | +3.9 points |
| Q3 2025 | 0.1% | +0.2 points |
| Q2 2025 | -11% | +0.6 points |
| Q1 2025 | 7.2% | +19 points |
| Q4 2024 | 1.1% | +1.1 points |
ZUMZ's operating margin was −0.6% last quarter, down 0.7 points from the same quarter a year ago.
ZUMZ Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$2.4M | -125% |
| Q2 2026 | -$29.8M | -$5.5M |
| Q1 2026 | $54.1M | +8.9% |
| Q4 2025 | $3.1M | +$25.4M |
| Q3 2025 | $9.5M | +$10.1M |
| Q2 2025 | -$24.3M | -$3.2M |
| Q1 2025 | $49.7M | +48% |
| Q4 2024 | -$22.3M | -$19.3M |
ZUMZ usually generates cash, though not every quarter: the latest was −$2M, but it generated $25M over the past year.
ZUMZ Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -3.1% | -497K shares |
| 1 year | -5.9% | -990K shares |
| 3 years | -19% | -3.6M shares |
| 5 years | -39% | -9.9M shares |
| Available history | -39% | -9.9M shares |
ZUMZ has 16M diluted shares, down 5.9% from a year ago, with $35M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $23M |
| Q2 2026 | $6M |
| Q1 2026 | — |
| Q4 2025 | $5.6M |
| Q3 2025 | $7.5M |
| Q2 2025 | $25.2M |
| Q1 2025 | — |
| Q4 2024 | $5.6M |
ZUMZ spent $35M buying back its own shares over the past year, down 9.8% from the year before.
ZUMZ Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.3x | Net Cash |
| Q2 2026 | -1.6x | Net Cash |
| Q1 2026 | -3.4x | Net Cash |
| Q4 2025 | -2.4x | Net Cash |
| Q2 2025 | -2.6x | Net Cash |
| Q1 2025 | -4.7x | Net Cash |
| Q4 2023 | -9.4x | Net Cash |
| Q3 2023 | -3.7x | Net Cash |
ZUMZ has more cash than debt.
ZUMZ Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 36.8 | Neutral |
| Stochastic | 18.2 | Oversold |
ZUMZ's weekly RSI is 37 (neutral) and its Stochastic is 18 (oversold).
ZUMZ PE vs Consumer Cyclical Sector
| Metric | ZUMZ | Sector median | Relative |
|---|---|---|---|
| PE | 22x | 18x | 22% above |
| PE % | 76 | 47 | 29 pts above |
ZUMZ is trading at 22x earnings, a 22% premium to the Consumer Cyclical sector's median of 18x.
ZUMZ Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $14.1 | 0.2% above |
| 20 week MA | $16.3 | 14% below |
| 50 week MA | $20.9 | 33% below |
| 100 week MA | $18.6 | 24% below |
| 200 week MA | $19.0 | 26% below |
ZUMZ has bounced recently, but its long-term trend is still down: it's above its 8-week average, but 26% below its 200-week average.
ZUMZ Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $32.7 | $36.0 | +10% |
| 2021 | $36.0 | $45.9 | +27% |
| 2022 | $45.9 | $21.0 | -54% |
| 2023 | $21.0 | $20.3 | -3.2% |
| 2024 | $20.3 | $19.5 | -4.3% |
| 2025 | $19.5 | $27.2 | +40% |
| 2026 YTD | $27.2 | $14.1 | -48% |
ZUMZ has finished lower in three of the last six years. It's down 48% so far in 2026.