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ValueScreener company report

Designer Brands Inc. (DBI)

NYSE / Consumer Cyclical / Apparel - Retail

Share price

6.42 USD Market dataClose of Oct 15, 2026

Market capitalisation

328.2M USD Market dataClose of Oct 15, 2026
Market data
Oct 15, 2026
Filed accounts
FY2025, filed Mar 30, 2026
Ratios computed
Oct 15, 2026
Filed years
15, FY2011 to FY2025
Four kinds of sourceSEC filingCompany statementMarket dataComputedWhat each means
SEC filingFiled with the SEC
Read from a statement the company filed with the SEC, with the form, fiscal year, filing date and accession beside it.
Company statementCompany statement
What the company says about itself in a filing: an 8-K item, the auditor, its own segment names.
Market dataMarket data
Prices, market value and what analysts publish, with the date they are as of.
ComputedComputed by ValueScreener
Worked out by us from the other three, with the inputs and the formula one press away. A score is a research output, not a rating or a recommendation.
Reading

1 of 10

Overview

What the business is, what it costs, and how it reads on four questions.

Market dataSEC filingComputed

Four questions, at a glance

Quality

Return on invested capital, after tax

n/a Computed

From the FY2025 filing

Why n/a

No shareholders equity line is filed for this year.

Read quality

Valuation

Price to earnings

n/m Computed

FY2025 accounts, priced at the latest close

Why n/m

Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.

Read valuation

Cash generation

Free cash flow yield

24.8% Computed

FY2025 accounts, priced at the latest close

Read cash generation

Revenue and net income, as filed

FY2016 Revenue: 2.72B USDFY2016 Net income: 124.4M USDFY2017 Revenue: 2.81B USDFY2017 Net income: 67.5M USDFY2018 Revenue: 3.18B USDFY2018 Net income: -20.5M USDFY2019 Revenue: 3.49B USDFY2019 Net income: 94.5M USDFY2020 Revenue: 2.23B USDFY2020 Net income: -488.7M USDFY2021 Revenue: 3.20B USDFY2021 Net income: 154.5M USDFY2022 Revenue: 3.32B USDFY2022 Net income: 162.7M USDFY2023 Revenue: 3.07B USDFY2023 Net income: 29.1M USDFY2024 Revenue: 3.01B USDFY2024 Net income: -10.5M USDFY2025 Revenue: 2.89B USDFY2025 Net income: -8.4M USD
Revenue Net income10 filed fiscal years, from the annual reports; the table in Filings names each document.
Named tests met
4 of 30 Which tests
The business, and the score behind its five axes

The reading, in brief

Is it safe

Net debt to EBITDA was 11.11x in FY2025, in the band labelled "High, covenant territory" (4.00x and above), on lines set by credit-analyst convention, suggesting debt in the range lenders write covenants around.

No peer distribution is published for net debt to EBITDA today; the year-by-year comparison uses the filed annual figures.

Year by year against peers
Whether Designer Brands Inc.'s gross margin stayed above the median of the Consumer Cyclical sector, year by year. (FY2022 to FY2025, 4 fiscal years of Designer Brands Inc. with a comparable figure)
The direction
Which way Designer Brands Inc.'s gross margin has moved, and how steadily. (FY2016 to FY2025, 10 filed years of Designer Brands Inc.)
What could explain it
What in Designer Brands Inc.'s filed statements could explain the movements. (7 readings drawn from the statement lines Designer Brands Inc. filed)
What to check next
What to check next on Designer Brands Inc., and where in its filings. (3 questions for Designer Brands Inc.)
In one paragraph
One paragraph on Designer Brands Inc.'s returns, cash, balance sheet and price. (10 of sixteen figures read for Designer Brands Inc.)

These are DBI’s filed figures. The research desk says what they mean, against peers and its own years, with what to check next.

Research DBIPart of Serious. New accounts start with 30 days of Professional, free, no card.

2 of 10

What changed

The newest filing, what it moved, and when the next one is due.

SEC filingCompany statement

The newest accounts on file are the FY2025 annual report: 10-K, filed Mar 30, 2026, accession 0001319947-26-000022.

3 of 10

Quality

The returns the business earns on its capital, and the margins behind them.

SEC filingComputed

Designer Brands Inc: returns on capital and margins, each with its source
FigureValue, source and document
Return on invested capital, after tax
Why n/a

No shareholders equity line is filed for this year.

n/a ComputedFY2025 10-K, filed Mar 30, 2026, 0001319947-26-000022
Return on equity
Why n/a

No shareholders equity line is filed for this year.

n/a ComputedFY2025 10-K, filed Mar 30, 2026, 0001319947-26-000022
Return on capital employed, pre-tax3.5% ComputedFY2025 10-K, filed Mar 30, 2026, 0001319947-26-000022
Return on assets-0.4% ComputedFY2025 10-K, filed Mar 30, 2026, 0001319947-26-000022
Gross margin43.6% ComputedFY2025 10-K, filed Mar 30, 2026, 0001319947-26-000022
Operating margin1.6% ComputedFY2025 10-K, filed Mar 30, 2026, 0001319947-26-000022
Net margin-0.3% ComputedFY2025 10-K, filed Mar 30, 2026, 0001319947-26-000022
DBI -0.3%
SFIX -0.9%GCO 0.5%CTRN 0.6%CRI 3.2%
-0.9%3.2%
Net margin: DBI against the 4 companies named under Valuation context, each as filed for its own latest year. Placement only: no average is drawn.

4 of 10

Financial strength

What it owes against what it owns, and whether it can meet what falls due.

SEC filingComputedCompany statement

Designer Brands Inc: leverage, liquidity and distress, each with its source
FigureValue, source and document
Debt to equity
Why n/a

No shareholders equity line is filed for this year.

n/a ComputedFY2025 10-K, filed Mar 30, 2026, 0001319947-26-000022
Current ratio1.19 ComputedFY2025 10-K, filed Mar 30, 2026, 0001319947-26-000022
Quick ratio0.25 ComputedFY2025 10-K, filed Mar 30, 2026, 0001319947-26-000022
Interest coverage
Why n/a

No interest expense is filed for this year, so coverage is not computed.

n/a ComputedFY2025 10-K, filed Mar 30, 2026, 0001319947-26-000022
Altman Z-score1.79 ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Mar 30, 2026, 0001319947-26-000022
Net debt1.19B ComputedFY2025 10-K, filed Mar 30, 2026, 0001319947-26-000022
Total assets 1.95BTotal liabilities 1.67BOwnsOwes, and equity
Total assets Total liabilities Shareholders’ equity
The balance sheet, line by line

Financial health

What Designer Brands Inc owned and owed at the end of fiscal 2025, from the balance sheet it filed (10-K, filed Mar 30, 2026, 0001319947-26-000022).

Designer Brands Inc: balance sheet position
Total assets1.95B FiledFY2025 10-K, filed Mar 30, 2026
Total liabilities1.67B FiledFY2025 10-K, filed Mar 30, 2026
Shareholders' equityn/a FiledFY2025 10-K, filed Mar 30, 2026
Cash50.9M FiledFY2025 10-K, filed Mar 30, 2026
Total debt1.24B FiledFY2025 10-K, filed Mar 30, 2026
Net debt1.19B
Current ratio1.19
Debt to equityn/a
  • Shareholders' equity: The 2025 balance sheet files equity only as one total for the parent's shareholders and the minority holders together (280m). The parent's share is not filed on its own, so equity, debt against equity and return on equity are left blank rather than divided by money that belongs to other owners.
  • Debt to equity: FY2025: No shareholders equity line is filed for this year.
  • Interest cover: FY2025: No interest expense is filed for this year, so coverage is not computed.

Read from the filed balance sheet for each year, with the income statement of the same year supplying operating profit where a ratio needs it. Nothing here is a view on whether this company is sound.

5 of 10

Valuation context

What the market charges for it, against its own record and companies like it.

Market dataSEC filingComputed

Designer Brands Inc: what the market charges, each with its source
FigureValue, source and document
Price to earnings
Why n/m

Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.

n/m ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Mar 30, 2026, 0001319947-26-000022
P/E on trailing twelve months18.31x ComputedClose of Oct 15, 2026 · Trailing four quarters, each as known on the day; the quarterly filings are listed under Filings
Price to book
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Mar 30, 2026, 0001319947-26-000022
Price to sales0.11x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Mar 30, 2026, 0001319947-26-000022
Enterprise value to EBIT31.46x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Mar 30, 2026, 0001319947-26-000022
Enterprise value to EBITDA14.06x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Mar 30, 2026, 0001319947-26-000022
Price to earnings over growth
Why n/m

Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.

n/m ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Mar 30, 2026, 0001319947-26-000022
Diluted earnings per share-0.17 USD FiledFY2025 10-K, filed Mar 30, 2026, 0001319947-26-000022
Graham number
Why n/m

Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.

n/m ComputedFY2025 10-K, filed Mar 30, 2026, 0001319947-26-000022

We publish no fair value or price target of our own. Value DBI on your own assumptions in the DCF workbench, starting from the filed figures.

Its own record, and companies like it

Valuation

What the market charges for Designer Brands Inc today, and the multiples it has carried. No value of ours: the figures are the filings’ and the market’s.

Designer Brands Inc: valuation
Share price6.42 USD
Market capitalisation328.2M USD
Enterprise value to EBITDA14.06x
Graham numbern/m
Diluted earnings per share, FY2025-0.17 USD

Price to earnings on trailing twelve months, a different basis from the fiscal-year P/E above, since Oct 3, 2016: low 0.01x, median 14.15x, high 1705.00x, latest 18.31x. 1,466 trading days with a meaningful ratio, 1,055 more on a loss and left out. Each close over the trailing twelve months of earnings as known that day: a quarter counts from the day it was filed.

Companies like Designer Brands Inc

  1. Stitch Fix, Inc. (SFIX)Market cap 303.3M USD
  2. Genesco Inc. (GCO)Market cap 404.9M USD
  3. Citi Trends, Inc. (CTRN)Market cap 416.5M USD
  4. Carter's, Inc. (CRI)Market cap 1.20B USD

Same industry (Apparel - Retail) and size band (Small, 300M to 2B), nearest in market value, net margin and current ratio. Each of those counts equally, by how many of the companies considered sit between the two on it. Closest first: the order is likeness and nothing else.

6 of 10

Cash generation

Whether profit arrives as cash, and what is paid back to shareholders.

SEC filingComputed

Designer Brands Inc: cash generation and what is paid out, each with its source
FigureValue, source and document
Free cash flow yield24.8% ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Mar 30, 2026, 0001319947-26-000022
Free cash flow78.3M USD ComputedFY2025 10-K, filed Mar 30, 2026, 0001319947-26-000022
Free cash flow margin2.7% ComputedFY2025 10-K, filed Mar 30, 2026, 0001319947-26-000022
Dividend yield3.1% ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Mar 30, 2026, 0001319947-26-000022
Payout ratio
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedFY2025 10-K, filed Mar 30, 2026, 0001319947-26-000022
FY2016 Free cash flow: 125.3M USDFY2016 Net income: 124.4M USDFY2017 Free cash flow: 134.7M USDFY2017 Net income: 67.5M USDFY2018 Free cash flow: 110.0M USDFY2018 Net income: -20.5M USDFY2019 Free cash flow: 118.9M USDFY2019 Net income: 94.5M USDFY2020 Free cash flow: -184.9M USDFY2020 Net income: -488.7M USDFY2021 Free cash flow: 138.4M USDFY2021 Net income: 154.5M USDFY2022 Free cash flow: 146.5M USDFY2022 Net income: 162.7M USDFY2023 Free cash flow: 107.4M USDFY2023 Net income: 29.1M USDFY2024 Free cash flow: 31.3M USDFY2024 Net income: -10.5M USDFY2025 Free cash flow: 78.3M USDFY2025 Net income: -8.4M USD
Free cash flow Net incomeProfit that arrives as cash stands level with net income; a gap year after year is worth reading about.

7 of 10

Filings

Every figure, the year it is for and the document it was read from.

SEC filingMarket data

The filed figures

Computed from the accounts this company filed with the SEC and, in a ratio with a price in it, the last close, dated on this page. Every filed figure below carries the fiscal year and the filing date its accounts were read from, and every blank carries the reason it is blank. Nothing here is a view on this company.

Designer Brands Inc.: the eight ratios, with the fiscal year and filing date behind each.
FigureValueYearAs of
n/mFY2025Oct 15, 2026
n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT.
n/aFY2025Oct 15, 2026
n/a The filed balance sheet reports no shareholders equity.
31.46xFY2025Oct 15, 2026
24.8%FY2025Oct 15, 2026
n/aFY2025Mar 30, 2026
n/a No shareholders equity line is filed for this year.
3.1%FY2025Oct 15, 2026
n/aFY2025Mar 30, 2026
n/a No shareholders equity line is filed for this year.
1.19FY2025Mar 30, 2026
0.11xFY2025Oct 15, 2026
n/mFY2025Oct 15, 2026
n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT.
1.79FY2025Oct 15, 2026
-2.49FY2025Mar 30, 2026
6/9FY2025Mar 30, 2026

The figures are computed from the accounts for fiscal 2025, the newest full year on file. 15 filed fiscal years on record, FY2011 to FY2025, from SEC EDGAR. Prices as of Oct 15, 2026. Ratios recomputed Oct 15, 2026. Two facts, because a recompute is not a fresh quote.

The year and the filing date name the statement each figure’s accounts are read from, and they stand even where the figure itself could not be computed: the line beneath a blank says what that statement did not carry. A figure’s name opens its formula and the filings behind it; a statement that names no SEC filing has no filing date, and reads n/a.

Ten years of filed figures, year by year

Ten years of filed figures

10 filed fiscal years, FY2016 to FY2025, read from the annual reports Designer Brands Inc filed with the SEC. Each year names its filing. Amounts in USD, as filed.

Designer Brands Inc: revenue, earnings, free cash flow and returns, by fiscal year, with the filing each year was read from
YearRevenueOperating incomeNet incomeEPS, dilutedFree cash flowOperating marginReturn on equityFiling
FY20252.89B47.8M-8.4M-0.1778.3M1.6%n/a10-K, Mar 30, 20260001319947-26-000022
FY20243.01B34.9M-10.5M-0.2031.3M1.2%n/a10-K, Mar 24, 20250001319947-25-000012
FY20233.07B72.4M29.1M0.46107.4M2.4%n/a10-K, Mar 25, 20240001319947-24-000011
FY20223.32B187.4M162.7M2.26146.5M5.7%n/a10-K, Mar 16, 20230001319947-23-000014
FY20213.20B205.2M154.5M2.00138.4M6.4%37.5%10-K, Mar 21, 20220001319947-22-000010
FY20202.23B-586.3M-488.7M-6.77-184.9M-26.2%n/m10-K, Mar 22, 20210001319947-21-000010
FY20193.49B127.3M94.5M1.27118.9M3.6%n/m10-K, May 1, 20200001319947-20-000025
FY20183.18B59.0M-20.5M-0.26110.0M1.9%n/m10-K, Mar 26, 20190001319947-19-000016
FY20172.81B125.1M67.5M0.84134.7M4.5%n/m10-K, Mar 23, 20180001319947-18-000008
FY20162.72B200.0M124.4M1.51125.3M7.4%n/m10-K, Mar 23, 20170001319947-17-000012
  • Revenue, compound annual growth FY2016 to FY2025: 0.7%
  • Earnings: Earnings was not positive in both 2016 and 2025, so a compound rate across the window is not defined. Both figures are in the table.
  • Earnings per share: Earnings per share was not positive in both 2016 and 2025, so a compound rate across the window is not defined. Both figures are in the table.
  • Free cash flow, compound annual growth FY2016 to FY2025: -5.1%

Every figure in this section is a line of a filed annual statement or a ratio of two of them. Nothing here is estimated or smoothed. Earnings per share filed before a share split are put on today's share count, and say so. Nothing here is a verdict on the company.

8 of 10

Risks and guardrails

The accounting screens, the published tests, and the lines you can set to be told.

ComputedCompany statement

Designer Brands Inc: accounting screens and published tests, each with its source
FigureValue, source and document
Beneish M-score-2.49 ComputedFY2025 10-K, filed Mar 30, 2026, 0001319947-26-000022
Piotroski F-score6/9 ComputedFY2025 10-K, filed Mar 30, 2026, 0001319947-26-000022
Named tests met4 of 30 Computed
Beta1.98 ComputedClose of Oct 15, 2026

The named tests

Of 30 tests value investors published: 4 met, 15 not met, 11 we could not complete. Counts, never a score: a single figure would have to decide that meeting one investor’s criteria and meeting another’s are worth the same.

Which tests, by name(all 30)
Meets
Gross margin, turnover (Robert Novy-Marx); Dividends and buybacks; Low P/S, rising earnings (James O'Shaughnessy); Cash-covered dividend
Does not
Defensive investor (Benjamin Graham); Large cap, low P/E; Earnings yield and ROIC (Joel Greenblatt); High F-score, low P/B (Joseph Piotroski); Three forensic scores; EV/EBITDA and coverage; Low beta, profitable; Near the 52-week low; Z-score and coverage (Edward Altman); Two thirds of NCAV (Benjamin Graham); High returns, low debt; Owner earnings yield; High return on tangibles; Tangible book or below; Clean books, high ROIC
Not measured
Deep value; Low PEG, low debt (Peter Lynch); High returns and growth; High yield, low payout; ROIC at or above WACC; P/E times P/B (Benjamin Graham); Book or below, low debt (Walter Schloss); Cash-flow yield and ROIC; Cheapest quarter on P/E (David Dreman); Cheapest quarter on P/B (David Dreman); Low P/E, growth, yield (John Neff). A test with a figure we could not read is incomplete, never met and never failed.
Figures we could not read(12)
  • Debt to Equity: No shareholders equity line is filed for this year.
  • P/B Ratio: We do not hold this figure for this company, so there is nothing to show.
  • P/E Ratio: Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.
  • Return on Invested Capital: No shareholders equity line is filed for this year.
  • PEG Ratio: Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.
  • Eps Growth 5Y: We do not hold this figure for this company, so there is nothing to show.
  • Return on Equity: No shareholders equity line is filed for this year.
  • Interest Coverage: No interest expense is filed for this year, so coverage is not computed.
  • Payout Ratio: We do not hold this figure for this company, so there is nothing to show.
  • ROIC-WACC Spread: We do not hold this figure for this company, so there is nothing to show.
  • Price To Graham: Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.
  • Price Tangible Book: We do not hold this figure for this company, so there is nothing to show.

9 of 10

Declared positions

Whether anybody here owns this company.

Positions declared by the founder: no holding in any company shown here, as of October 3, 2026.

10 of 10

Next step

What to do with what you have read.

A thesis is your reason for owning it, in your words, with the figures that must stay true. Checking those figures every night against the newest filed accounts, and telling you once when one breaks, is what the subscription adds.

More on this company

What this cannot tell you

  • 12 figures could not be read on this company, among them Debt to Equity, P/B Ratio, P/E Ratio. Each blank in the table above names the rest, with its reason. 11 named tests come back incomplete because of them, which is neither met nor missed.

And the one that is true of all of it: This is what the numbers say today. It cannot tell you the day one of them stops being true. Nothing here can, because the reasons are not written down.

Running this once is arithmetic on public documents and you are welcome to it. Writing down why you own each company, in your own words and with the numbers that have to stay true for it to hold, and then having those numbers re-checked every night against the newest filed accounts, and against the latest close where a rule watches a price, is Professional, the plan a new account starts on for 30 days, one trial per person. It writes to you the day one breaks, and stays quiet when nothing does. The check runs every night at 23:30 UTC. A filing is picked up the night after it is published.

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ValueScreener · valuescreener.ai · Computed from accounts filed with the SEC by this company, read from EDGAR, and from dated closing prices. On this page a filed figure opens into its formula, its inputs and the statement, fiscal year and filing date it was read from, and a price into the day of its close. A figure that cannot show that trail says so.

A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.

Margin Notes

Once a week, what changed in the filings of US-listed companies, why it can matter to a thesis, and what deserves a closer review. Grounded in filings, not market noise.

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