Signet Jewelers Limited (SIG) 10-Year Financial Performance & Capital Metrics

SIG • • Industrial / General

Consumer CyclicalLuxury GoodsFine Jewelry RetailersTraditional Jewelry Retail Chains

AboutSignet Jewelers Limited operates as a diamond jewelry retailer. It operates through three segments: North America, International, and Other. The North America segment operates jewelry stores in jewelry stores in malls, mall-based kiosks, and off-mall locations in the United States and Canada primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Jewelers, Zales Outlet, Diamonds Direct, James Allen, Banter by Piercing Pagoda, and Peoples Jewellers names, as well as operates online through JamesAllen.com and Rocksbox. The International segment operates stores in shopping malls and off-mall locations primarily under the H.Samuel and Ernest Jones brands in the United Kingdom, Republic of Ireland, and Channel Islands. The Other segment is involved in the purchase and conversion of rough diamonds to polished stones, as well as the provision of diamond polishing services. As of January 29, 2022, it operated 2,854 stores and kiosks. Signet Jewelers Limited is based in Hamilton, Bermuda.Show more

Revenue $6.7B -6.5%
EBITDA $259M -67.0%
Net Income $61M -92.4%
EPS (Diluted) -0.81 -105.4%
Gross Margin 39.17% -0.6%
EBITDA Margin 3.86% -64.6%
Operating Margin 1.65% -80.9%
Net Margin 0.91% -91.9%
ROE 2.62% -91.8%
ROIC 3.25% -82.3%
Debt/Equity 0.64 +44.6%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Good 3Y average ROE of 17.2%
✓Share count reduced 18.3% through buybacks
✓Efficient asset utilization: 1.2x turnover

✗Weaknesses

✗Profits declining 10.3% over 5 years

Price & Volume

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Growth Metrics

Revenue CAGR

10Y1.57%

5Y1.78%

3Y-5.03%

TTM-0.4%

Profit (Net Income) CAGR

10Y-16.72%

5Y-10.32%

3Y-57%

TTM-75.29%

EPS CAGR

10Y-

5Y-

3Y-

TTM-62.03%

ROCE

10Y Avg8.42%

5Y Avg10.76%

3Y Avg9.89%

Latest2.54%

Peer Comparison

Traditional Jewelry Retail Chains

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ELAEnvela Corporation	375.43M	14.46	55.62	2.92%	4.89%	16.71%	1.79%	0.35
BGIBirks Group Inc.	12.71M	1.07	-1.60	-4.03%	-3.77%
SIGSignet Jewelers Limited	3.81B	93.54	-115.48	-6.52%	2.13%	8.43%	11.51%	0.64

Profit & Loss

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Sales/Revenue+	6.55B	6.41B	6.25B	6.25B	6.14B	5.23B	7.83B	7.84B	7.17B	6.7B
Revenue Growth %	0.14%	-0.02%	-0.02%	-0%	-0.02%	-0.15%	0.5%	0%	-0.09%	-0.07%
Cost of Goods Sold+	4.11B	4.05B	4.06B	4.09B	3.91B	3.49B	4.7B	4.79B	4.35B	4.08B
COGS % of Revenue	0.63%	0.63%	0.65%	0.65%	0.64%	0.67%	0.6%	0.61%	0.61%	0.61%
Gross Profit+	2.44B	2.36B	2.19B	2.16B	2.22B	1.73B	3.12B	3.05B	2.83B	2.63B
Gross Margin %	0.37%	0.37%	0.35%	0.35%	0.36%	0.33%	0.4%	0.39%	0.39%	0.39%
Gross Profit Growth %	0.18%	-0.03%	-0.07%	-0.01%	0.03%	-0.22%	0.8%	-0.02%	-0.07%	-0.07%
Operating Expenses+	1.74B	1.6B	1.61B	1.96B	1.95B	1.58B	2.22B	2.42B	2.2B	2.51B
OpEx % of Revenue	0.27%	0.25%	0.26%	0.31%	0.32%	0.3%	0.28%	0.31%	0.31%	0.38%
Selling, General & Admin	1.99B	1.88B	1.87B	1.99B	1.92B	1.59B	2.23B	2.21B	2.2B	2.12B
SG&A % of Revenue	0.3%	0.29%	0.3%	0.32%	0.31%	0.3%	0.29%	0.28%	0.31%	0.32%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-250.9M	-282.6M	-260.8M	1.7M	29.6M	-2.4M	-8.5M	209.9M	6.2M	392.3M
Operating Income+	703.7M	763.2M	579.9M	-764.6M	393.5M	147.5M	903.4M	604.9M	621.5M	110.7M
Operating Margin %	0.11%	0.12%	0.09%	-0.12%	0.06%	0.03%	0.12%	0.08%	0.09%	0.02%
Operating Income Growth %	0.22%	0.08%	-0.24%	-2.32%	1.51%	-0.63%	5.12%	-0.33%	0.03%	-0.82%
EBITDA+	878.3M	950.7M	782.3M	-581.9M	571.5M	323.5M	1.07B	769.4M	783.4M	258.9M
EBITDA Margin %	0.13%	0.15%	0.13%	-0.09%	0.09%	0.06%	0.14%	0.1%	0.11%	0.04%
EBITDA Growth %	0.21%	0.08%	-0.18%	-1.74%	1.98%	-0.43%	2.3%	-0.28%	0.02%	-0.67%
D&A (Non-Cash Add-back)	174.6M	187.5M	202.4M	182.7M	178M	176M	163.5M	164.5M	161.9M	148.2M
EBIT	701M	761M	579.6M	-761M	165.3M	-57.7M	901.3M	464.7M	627.7M	503M
Net Interest Income+	206.7M	233.1M	205.4M	-16.9M	-35.6M	-27.8M	-10.4M	-13.5M	18.7M	9.8M
Interest Income	252.6M	282.5M	258.1M	22.8M	0	4.2M	6.5M	0	18.7M	9.8M
Interest Expense	45.9M	49.4M	52.7M	39.7M	35.6M	32M	16.9M	13.5M	0	0
Other Income/Expense	-45.9M	-49.4M	-52.7M	-38M	-28.6M	-32M	-19M	-153.7M	18.3M	13.5M
Pretax Income+	657.8M	713.8M	527.2M	-802.6M	129.7M	-89.7M	884.4M	451.2M	639.8M	124.2M
Pretax Margin %	0.1%	0.11%	0.08%	-0.13%	0.02%	-0.02%	0.11%	0.06%	0.09%	0.02%
Income Tax+	189.9M	170.6M	7.9M	-145.2M	24.2M	-74.5M	114.5M	74.5M	-170.6M	63M
Effective Tax Rate %	0.71%	0.76%	0.99%	0.82%	0.81%	0.17%	0.87%	0.83%	1.27%	0.49%
Net Income+	467.9M	543.2M	519.3M	-657.4M	105.5M	-15.2M	769.9M	376.7M	810.4M	61.2M
Net Margin %	0.07%	0.08%	0.08%	-0.11%	0.02%	-0%	0.1%	0.05%	0.11%	0.01%
Net Income Growth %	0.23%	0.16%	-0.04%	-2.27%	1.16%	-1.14%	51.65%	-0.51%	1.15%	-0.92%
Net Income (Continuing)	467.9M	543.2M	519.3M	-657.4M	105.5M	-15.2M	769.9M	376.7M	810.4M	61.2M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	5.87	7.08	7.44	-12.02	1.40	-0.29	12.22	6.04	15.01	-0.81
EPS Growth %	0.24%	0.21%	0.05%	-2.62%	1.12%	-1.21%	43.14%	-0.51%	1.49%	-1.05%
EPS (Basic)	5.89	7.13	7.72	-12.02	1.40	-0.29	14.01	7.34	18.05	-0.81
Diluted Shares Outstanding	79.7M	76.7M	69.8M	54.7M	51.8M	52M	63M	56.7M	54M	44.1M
Basic Shares Outstanding	79.5M	74.5M	63M	54.7M	51.7M	52M	52.5M	46.6M	44.9M	44.1M
Dividend Payout Ratio	0.14%	0.14%	0.15%	-	0.73%	-	0.02%	0.1%	0.05%	0.79%

Balance Sheet

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Total Current Assets+	4.59B	4.64B	3.45B	2.86B	3.15B	3.58B	3.73B	3.51B	3.54B	2.71B
Cash & Short-Term Investments	137.7M	98.7M	225.1M	195.4M	374.5M	1.17B	1.42B	1.17B	1.38B	604M
Cash Only	137.7M	98.7M	225.1M	195.4M	374.5M	1.17B	1.42B	1.17B	1.38B	604M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	1.84B	1.96B	782.3M	97.8M	40.7M	83.6M	18.3M	24.1M	18.8M	14.3M
Days Sales Outstanding	102.75	111.54	45.66	5.71	2.42	5.84	0.85	1.12	0.96	0.78
Inventory	2.45B	2.45B	2.28B	2.39B	2.33B	2.03B	2.06B	2.15B	1.94B	1.94B
Days Inventory Outstanding	217.94	220.87	204.87	213.2	217.48	212.3	159.94	163.85	162.66	173.39
Other Current Assets	154.4M	136.3M	158.2M	196.8M	409.8M	288.3M	233.4M	165.9M	202.5M	156.6M
Total Non-Current Assets+	1.88B	1.96B	2.39B	1.56B	3.14B	2.6B	2.84B	3.11B	3.28B	3.01B
Property, Plant & Equipment	727.6M	822.9M	877.9M	800.5M	2.43B	1.97B	1.78B	1.64B	1.5B	1.61B
Fixed Asset Turnover	9.00x	7.79x	7.12x	7.80x	2.53x	2.66x	4.39x	4.79x	4.78x	4.17x
Goodwill	515.5M	517.6M	821.7M	296.6M	248.8M	238M	484.6M	751.7M	754.5M	482M
Intangible Assets	427.8M	417M	481.5M	265M	263.8M	179M	314.2M	407.4M	402.8M	307.2M
Long-Term Investments	26.8M	27.2M	27.9M	30.6M	20.4M	15.4M	12.3M	9.6M	7.8M	5.2M
Other Non-Current Assets	162.3M	169.8M	183.1M	150.6M	181.4M	180.4M	213.8M	272.1M	311.5M	309.6M
Total Assets+	6.47B	6.6B	5.84B	4.42B	6.3B	6.18B	6.58B	6.62B	6.81B	5.73B
Asset Turnover	1.01x	0.97x	1.07x	1.41x	0.97x	0.85x	1.19x	1.18x	1.05x	1.17x
Asset Growth %	0.02%	0.02%	-0.11%	-0.24%	0.43%	-0.02%	0.06%	0.01%	0.03%	-0.16%
Total Current Liabilities+	1.15B	1.2B	1.04B	1.03B	1.65B	2B	2.07B	2.25B	1.98B	1.83B
Accounts Payable	269.1M	255.7M	237M	153.7M	227.9M	812.6M	899.8M	879M	735.1M	767M
Days Payables Outstanding	23.9	23.06	21.29	13.73	21.26	84.88	69.85	66.98	61.74	68.65
Short-Term Debt	57.7M	91.1M	44M	78.8M	95.6M	377.3M	0	0	147.7M	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	336M	372.4M	379.7M	414.7M	633.9M	31.2M	138.2M	545M	319.6M	82.8M
Current Ratio	3.98x	3.86x	3.32x	2.76x	1.91x	1.79x	1.80x	1.56x	1.79x	1.48x
Quick Ratio	1.85x	1.82x	1.12x	0.45x	0.50x	0.78x	0.81x	0.60x	0.81x	0.42x
Cash Conversion Cycle	296.79	309.35	229.24	205.19	198.64	133.26	90.95	98	101.87	105.52
Total Non-Current Liabilities+	2.26B	2.29B	1.69B	1.57B	2.81B	2.35B	2.29B	2.14B	2.02B	2.04B
Long-Term Debt	1.32B	1.32B	688.2M	649.6M	515.9M	146.7M	147.1M	147.4M	0	0
Capital Lease Obligations	0	0	0	0	1.44B	1.15B	1.01B	894.7M	835.7M	900M
Deferred Tax Liabilities	72.5M	101.4M	92.3M	0	5.2M	159.2M	160.9M	117.6M	201.7M	173.1M
Other Non-Current Liabilities	230.5M	213.7M	239.6M	224.1M	116.6M	111.1M	117.6M	100.1M	96M	85.1M
Total Liabilities	3.41B	3.5B	2.73B	2.6B	4.46B	4.35B	4.36B	4.39B	3.99B	3.87B
Total Debt+	1.39B	1.41B	732.2M	728.4M	2.39B	1.67B	1.45B	1.33B	1.24B	1.18B
Net Debt	1.25B	1.31B	507.1M	533M	2.01B	498.8M	33.9M	163.5M	-135M	575.9M
Debt / Equity	0.45x	0.45x	0.24x	0.40x	1.30x	0.91x	0.66x	0.60x	0.44x	0.64x
Debt / EBITDA	1.58x	1.48x	0.94x	-	4.18x	5.17x	1.36x	1.73x	1.59x	4.56x
Net Debt / EBITDA	1.42x	1.38x	0.65x	-	3.52x	1.54x	0.03x	0.21x	-0.17x	2.22x
Interest Coverage	15.33x	15.45x	11.00x	-19.26x	11.05x	4.61x	53.46x	44.81x	-	-
Total Equity+	3.06B	3.1B	3.11B	1.82B	1.84B	1.83B	2.22B	2.23B	2.82B	1.85B
Equity Growth %	0.09%	0.01%	0%	-0.42%	0.01%	-0%	0.21%	0.01%	0.26%	-0.34%
Book Value per Share	38.40	40.44	44.60	33.22	35.51	35.24	35.18	39.37	52.26	41.99
Total Shareholders' Equity	3.06B	3.1B	3.11B	1.82B	1.84B	1.83B	2.22B	2.23B	2.82B	1.85B
Common Stock	15.7M	15.7M	15.7M	12.6M	12.6M	12.6M	12.6M	12.6M	12.6M	12.6M
Retained Earnings	3.53B	4B	4.4B	2.28B	2.24B	2.19B	2.88B	3.14B	3.83B	3.75B
Treasury Stock	-495.8M	-1.49B	-1.94B	-1.03B	-984.9M	-980.2M	-1.21B	-1.57B	-1.65B	-1.75B
Accumulated OCI	-273.7M	-307.3M	-260.2M	-302.4M	-293.4M	-290.1M	-350.5M	-263.8M	-264.9M	-277.1M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Cash from Operations+	443.3M	678.3M	1.94B	697.7M	555.7M	1.37B	1.26B	797.9M	546.9M	590.9M
Operating CF Margin %	0.07%	0.11%	0.31%	0.11%	0.09%	0.26%	0.16%	0.1%	0.08%	0.09%
Operating CF Growth %	0.57%	0.53%	1.86%	-0.64%	-0.2%	1.47%	-0.08%	-0.37%	-0.31%	0.08%
Net Income	467.9M	543.2M	519.3M	-657.4M	105.5M	-15.2M	769.9M	376.7M	810.4M	61.2M
Depreciation & Amortization	175.3M	188.8M	203.4M	183.6M	178M	176M	163.5M	164.5M	161.9M	148.2M
Stock-Based Compensation	16.4M	8M	16.1M	16.5M	16.9M	14.5M	45.8M	42M	41.1M	22.2M
Deferred Taxes	25M	27.7M	-33.4M	-105.6M	21.5M	141.8M	100K	-99.3M	-180.3M	-30.7M
Other Non-Cash Items	-30.9M	-23.8M	908M	1.41B	52.3M	164.6M	71.9M	151.4M	4.8M	374.9M
Working Capital Changes	-210.4M	-65.6M	327.1M	-149.9M	181.5M	890.6M	206.1M	162.6M	-291M	15.1M
Change in Receivables	-189.8M	-102.7M	242.1M	18.1M	-15.2M	-50.1M	12.4M	5.5M	5.1M	0
Change in Inventory	-46M	-9.7M	210.9M	-194.3M	48.8M	308M	198.3M	-16.5M	182.5M	1M
Change in Payables	-6.4M	-7M	-51.4M	-78.5M	77.2M	577.8M	35.7M	-101.6M	-134.5M	28.7M
Cash from Investing+	-228.7M	-278.4M	-569.4M	-119M	-140.8M	-77.8M	-642.7M	-545.4M	-75.8M	-159.1M
Capital Expenditures	-226.5M	-278M	-237.4M	-133.5M	-136.3M	-83M	-129.6M	-138.9M	-125.5M	-153M
CapEx % of Revenue	0.03%	0.04%	0.04%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-2.2M	-400K	-200K	5.5M	500K	5.2M	2.7M	-14.7M	1.9M	-6.1M
Cash from Financing+	-266.6M	-438.2M	-1.25B	-602.7M	-237M	-498.6M	-366.6M	-490M	-259.7M	-1.2B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-67.1M	-75.6M	-111.2M	-110.2M	-108.6M	-27.2M	-43.6M	-69.5M	-72.8M	-67.1M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-1.4M	-5.4M	-4.1M	-2.1M	38M	-14M	-11.2M	-44.4M	-47.6M	-32.8M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	216.8M	400.3M	1.7B	564.2M	419.4M	1.29B	1.13B	659M	421.4M	437.9M
FCF Margin %	0.03%	0.06%	0.27%	0.09%	0.07%	0.25%	0.14%	0.08%	0.06%	0.07%
FCF Growth %	2.45%	0.85%	3.25%	-0.67%	-0.26%	2.07%	-0.13%	-0.42%	-0.36%	0.04%
FCF per Share	2.72	5.22	24.40	10.31	8.10	24.79	17.90	11.62	7.80	9.93
FCF Conversion (FCF/Net Income)	0.95x	1.25x	3.74x	-1.06x	5.27x	-90.28x	1.63x	2.12x	0.67x	9.66x
Interest Paid	41.6M	47.1M	50.2M	39.1M	34.7M	0	14.8M	11.7M	15.9M	13.8M
Taxes Paid	180.1M	104M	122.3M	44.8M	5.7M	0	120.7M	74.6M	13M	115.5M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	15.94%	17.63%	16.71%	-26.67%	5.77%	-0.83%	38.03%	16.94%	32.07%	2.62%
Return on Invested Capital (ROIC)	12.58%	13.12%	10.83%	-19.21%	9.52%	3.58%	29.58%	19.53%	18.34%	3.25%
Gross Margin	37.26%	36.84%	35.02%	34.59%	36.23%	33.15%	39.92%	38.92%	39.4%	39.17%
Net Margin	7.14%	8.48%	8.3%	-10.52%	1.72%	-0.29%	9.84%	4.8%	11.3%	0.91%
Debt / Equity	0.45x	0.45x	0.24x	0.40x	1.30x	0.91x	0.66x	0.60x	0.44x	0.64x
Interest Coverage	15.33x	15.45x	11.00x	-19.26x	11.05x	4.61x	53.46x	44.81x	-	-
FCF Conversion	0.95x	1.25x	3.74x	-1.06x	5.27x	-90.28x	1.63x	2.12x	0.67x	9.66x
Revenue Growth	14.19%	-2.16%	-2.42%	-0.09%	-1.76%	-14.83%	49.73%	0.21%	-8.56%	-6.52%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Bridal	-	-	-	2.65B	2.62B	2.31B	3.31B	3.44B	3.13B	2.87B
Bridal Growth	-	-	-	-	-1.39%	-11.87%	43.50%	3.78%	-8.80%	-8.30%
Fashion	-	-	-	2.31B	2.24B	2.06B	3.22B	3.05B	2.76B	2.63B
Fashion Growth	-	-	-	-	-2.76%	-8.23%	56.67%	-5.32%	-9.65%	-4.62%
Service	-	-	-	-	-	-	-	706.6M	741.5M	745.2M
Service Growth	-	-	-	-	-	-	-	-	4.94%	0.50%
Watches	515.7M	464.7M	443M	439.1M	384M	254.1M	399.6M	385.5M	345.7M	318.2M
Watches Growth	-	-9.89%	-4.67%	-0.88%	-12.55%	-33.83%	57.26%	-3.53%	-10.32%	-7.95%
Other Product	-	-	-	854.1M	893.9M	608.8M	893.2M	262.9M	193.9M	137.8M
Other Product Growth	-	-	-	-	4.66%	-31.89%	46.71%	-70.57%	-26.25%	-28.93%
Diamonds And Diamond Jewelry	3.92B	3.85B	3.74B	-	-	-	-	-	-	-
Diamonds And Diamond Jewelry Growth	-	-1.64%	-2.88%	-	-	-	-	-	-	-
Gold Silver Jewelry Other Products And Services	2.12B	2.09B	2.07B	-	-	-	-	-	-	-
Gold Silver Jewelry Other Products And Services Growth	-	-1.25%	-1.09%	-	-	-	-	-	-	-

Revenue by Geography

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
North America	-	-	-	5.64B	5.57B	4.84B	7.26B	7.29B	6.7B	6.3B
North America Growth	-	-	-	-	-1.35%	-13.02%	50.07%	0.34%	-8.03%	-6.04%
International	-	-	-	576.5M	518M	355.9M	492.4M	470.1M	430.7M	373.2M
International Growth	-	-	-	-	-10.15%	-31.29%	38.35%	-4.53%	-8.38%	-13.35%
Others	-	-	-	28.9M	53.3M	30.1M	68.8M	82.5M	-	-
Others Growth	-	-	-	-	84.43%	-43.53%	128.57%	19.91%	-	-

Frequently Asked Questions

Growth & Financials

Signet Jewelers Limited (SIG) reported $6.82B in revenue for fiscal year 2025. This represents a 82% increase from $3.75B in 2012.

Signet Jewelers Limited (SIG) saw revenue decline by 6.5% over the past year.

Yes, Signet Jewelers Limited (SIG) is profitable, generating $145.0M in net income for fiscal year 2025 (0.9% net margin).

Dividend & Returns

Yes, Signet Jewelers Limited (SIG) pays a dividend with a yield of 1.18%. This makes it attractive for income-focused investors.

Signet Jewelers Limited (SIG) has a return on equity (ROE) of 2.6%. This is below average, suggesting room for improvement.

Signet Jewelers Limited (SIG) generated $591.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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