Birks Group Inc. (BGI) 10-Year Financial Performance & Capital Metrics

BGI • • Industrial / General

Consumer CyclicalLuxury GoodsFine Jewelry RetailersTraditional Jewelry Retail Chains

AboutBirks Group Inc. designs, develops, manufactures, and retails fine jewelry, timepieces, sterling and plated silverware, and gifts in the United States and Canada. The company operates through two segments, Retail and Other. It offers various merchandise, including designer jewelry, diamonds, gemstone and precious metal jewelry, rings, wedding bands, earrings, bracelets, necklaces, precious gemstones, gold jewelry, and pearls. As of June 23, 2022, the company operated 24 stores under the Maison Birks brand in various metropolitan markets in Canada; one retail location under the Brinkhaus brand in Calgary; and 2 retail locations under the Graff and Patek Philippe brands in Vancouver. It also engages in the retail and wholesale of fine jewelry collections through Mappin & Webb and Goldsmiths stores, as well as through e-commerce platforms; and gold exchange business. The company was formerly known as Birks & Mayors Inc. and changed its name to Birks Group Inc. in September 2013. Birks Group Inc. was founded in 1879 and is headquartered in Montreal, Canada.Show more

Revenue $178M -4.0%
EBITDA $2M -72.0%
Net Income -$13M -176.8%
EPS (Diluted) -0.67 -179.2%
Gross Margin 37.29% -6.1%
EBITDA Margin 1.24% -70.8%
Operating Margin -3.11% -576.3%
Net Margin -7.21% -188.4%
ROE -
ROIC -3.01% -597.1%
Debt/Equity -
Interest Coverage -0.57 -476.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

No significant strengths identified

✗Weaknesses

✗Weak Piotroski F-Score: 2/9
✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-7.37%

5Y0.97%

3Y-0.65%

TTM0.25%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-253.44%

EPS CAGR

10Y-

5Y-

3Y-

TTM-225.85%

ROCE

10Y Avg-2.94%

5Y Avg-1.95%

3Y Avg-3.84%

Latest-8.75%

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	370.24M	14.26	54.85	2.92%	4.89%	16.71%	1.82%	0.35
BGIBirks Group Inc.	10.45M	0.88	-1.31	-4.03%	-3.77%
SIGSignet Jewelers Limited	3.5B	86.13	-106.33	-6.52%	2.13%	8.43%	12.5%	0.64

Profit & Loss

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales/Revenue+	371.01M	382.63M	147.71M	151.05M	169.42M	143.07M	181.34M	162.95M	185.28M	177.81M
Revenue Growth %	-0.03%	0.03%	-0.61%	0.02%	0.12%	-0.16%	0.27%	-0.1%	0.14%	-0.04%
Cost of Goods Sold+	229.02M	238.03M	91.46M	92.47M	104.94M	86.72M	105.12M	94.99M	111.72M	111.5M
COGS % of Revenue	0.62%	0.62%	0.62%	0.61%	0.62%	0.61%	0.58%	0.58%	0.6%	0.63%
Gross Profit+	141.99M	144.61M	56.25M	58.58M	64.48M	56.35M	76.22M	67.96M	73.56M	66.31M
Gross Margin %	0.38%	0.38%	0.38%	0.39%	0.38%	0.39%	0.42%	0.42%	0.4%	0.37%
Gross Profit Growth %	-0.05%	0.02%	-0.61%	0.04%	0.1%	-0.13%	0.35%	-0.11%	0.08%	-0.1%
Operating Expenses+	125.07M	132.37M	70.22M	70.97M	70.71M	59.17M	71.75M	71.77M	72.34M	71.84M
OpEx % of Revenue	0.34%	0.35%	0.48%	0.47%	0.42%	0.41%	0.4%	0.44%	0.39%	0.4%
Selling, General & Admin	118.28M	125.66M	66.92M	67.11M	65.87M	53.71M	65.94M	66.09M	65.7M	59.52M
SG&A % of Revenue	0.32%	0.33%	0.45%	0.44%	0.39%	0.38%	0.36%	0.41%	0.35%	0.33%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	6.79M	6.71M	3.29M	3.86M	4.84M	5.46M	5.81M	5.67M	6.64M	12.32M
Operating Income+	20.13M	11.11M	-13.97M	-12.39M	-6.24M	-2.82M	4.47M	-3.81M	1.21M	-5.54M
Operating Margin %	0.05%	0.03%	-0.09%	-0.08%	-0.04%	-0.02%	0.02%	-0.02%	0.01%	-0.03%
Operating Income Growth %	2%	-0.45%	-2.26%	0.11%	0.5%	0.55%	2.58%	-1.85%	1.32%	-5.57%
EBITDA+	26.98M	17.87M	-10.68M	-8.53M	-1.39M	2.64M	10.28M	1.86M	7.85M	2.2M
EBITDA Margin %	0.07%	0.05%	-0.07%	-0.06%	-0.01%	0.02%	0.06%	0.01%	0.04%	0.01%
EBITDA Growth %	0.9%	-0.34%	-1.6%	0.2%	0.84%	2.9%	2.9%	-0.82%	3.21%	-0.72%
D&A (Non-Cash Add-back)	6.85M	6.75M	3.29M	3.86M	4.84M	5.46M	5.81M	5.67M	6.64M	7.73M
EBIT	5.87M	-4.39M	-18.01M	-13.62M	-6.54M	-2.82M	4.47M	-3.81M	1.21M	-5.54M
Net Interest Income+	-5.58M	-4.47M	-3.99M	-4.69M	-5.68M	-3.02M	-3.18M	-5.58M	-8.01M	-9.71M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	5.58M	4.47M	3.99M	4.69M	5.68M	3.02M	3.18M	5.58M	8.01M	9.71M
Other Income/Expense	-514.5K	-4.47M	-3.99M	-4.69M	-5.68M	-3.02M	-3.18M	-5.58M	-8.01M	-9.71M
Pretax Income+	7.12M	-465.42K	-21.67M	-18.3M	-12.23M	-5.84M	1.29M	-9.39M	-6.8M	-15.25M
Pretax Margin %	0.02%	-0%	-0.15%	-0.12%	-0.07%	-0.04%	0.01%	-0.06%	-0.04%	-0.09%
Income Tax+	64.9K	-7.04M	-33.1M	1.61M	0	0	0	-1.96M	-2.17M	-2.43M
Effective Tax Rate %	0.99%	-14.12%	-0.53%	1.09%	1.51%	1.52%	-1.47%	0.79%	0.68%	0.84%
Net Income+	7.06M	6.57M	11.44M	-19.91M	-18.46M	-8.86M	-1.9M	-7.43M	-4.63M	-12.82M
Net Margin %	0.02%	0.02%	0.08%	-0.13%	-0.11%	-0.06%	-0.01%	-0.05%	-0.02%	-0.07%
Net Income Growth %	1.65%	-0.07%	0.74%	-2.74%	0.07%	0.52%	0.79%	-2.92%	0.38%	-1.77%
Net Income (Continuing)	292.06K	-8.86M	-22M	-18.3M	-12.23M	-5.84M	1.29M	-7.43M	-4.63M	-12.82M
Discontinued Operations	0	15.93M	36.09M	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.39	0.38	0.62	-1.11	-1.03	-0.49	-0.10	-0.40	-0.24	-0.67
EPS Growth %	1.64%	-0.03%	0.63%	-2.79%	0.07%	0.52%	0.8%	-3%	0.4%	-1.79%
EPS (Basic)	0.39	0.39	0.64	-1.11	-1.03	-0.49	-0.10	-0.40	-0.24	-0.67
Diluted Shares Outstanding	17.96M	18.42M	18.39M	17.96M	17.97M	18M	18.79M	18.69M	19.06M	19.23M
Basic Shares Outstanding	17.96M	17.96M	17.96M	17.95M	17.97M	18M	18.35M	18.58M	19.06M	19.23M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Total Current Assets+	197.65M	199.72M	97.13M	98.4M	110.49M	108.95M	90.78M	103.69M	112.22M	126.47M
Cash & Short-Term Investments	3.04M	2.59M	1.01M	1.18M	565K	1.81M	2.01M	1.26M	1.78M	1.51M
Cash Only	3.04M	2.59M	1.01M	1.18M	565K	1.81M	2.01M	1.26M	1.78M	1.51M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	13.36M	18.08M	4.82M	3.54M	6.02M	7.31M	8.04M	11.38M	8.46M	6.61M
Days Sales Outstanding	13.14	17.25	11.9	8.55	12.97	18.64	16.18	25.48	16.66	13.56
Inventory	178.92M	176.12M	84.97M	91.54M	101.9M	97.79M	78.91M	88.36M	99.07M	116.28M
Days Inventory Outstanding	285.15	270.08	339.07	361.33	354.41	411.6	273.98	339.51	323.66	380.64
Other Current Assets	2.33M	2.92M	4.94M	2.14M	0	4.25M	0	5.14M	3.46M	2.07M
Total Non-Current Assets+	42.02M	38.9M	23.34M	35.4M	100.16M	92.73M	92.48M	93.29M	91.05M	69.61M
Property, Plant & Equipment	38.19M	30.66M	19.46M	29.73M	90.68M	82.17M	80.85M	82.33M	77.47M	60.34M
Fixed Asset Turnover	9.72x	12.48x	7.59x	5.08x	1.87x	1.74x	2.24x	1.98x	2.39x	2.95x
Goodwill	-41.94K	-12.02K	876.27K	0	0	0	0	0	0	0
Intangible Assets	1.07M	932.19K	3.01M	4.4M	4.94M	4.89M	6.03M	7M	7.89M	3.02M
Long-Term Investments	0	0	0	0	0	0	0	1.96M	4.12M	5.17M
Other Non-Current Assets	2.8M	253.38K	0	1.27M	4.54M	5.67M	5.6M	2M	1.57M	1.08M
Total Assets+	239.67M	238.63M	120.47M	133.79M	210.65M	201.68M	183.26M	196.98M	203.27M	196.08M
Asset Turnover	1.55x	1.60x	1.23x	1.13x	0.80x	0.71x	0.99x	0.83x	0.91x	0.91x
Asset Growth %	0.05%	-0%	-0.5%	0.11%	0.57%	-0.04%	-0.09%	0.07%	0.03%	-0.04%
Total Current Liabilities+	161.8M	171.08M	74.28M	90.94M	116.77M	111.83M	88.88M	112.06M	123.28M	149.59M
Accounts Payable	60.66M	24.7M	26.36M	33.26M	48.18M	37.98M	28.29M	37.65M	43.01M	58.11M
Days Payables Outstanding	96.67	37.87	105.21	131.3	167.58	159.84	98.23	144.65	140.52	190.24
Short-Term Debt	89.41M	97.68M	40.3M	48.01M	58.1M	56.35M	45.29M	60.02M	67.72M	78.49M
Deferred Revenue (Current)	0	1000K	2	0	0	0	0	0	0	0
Other Current Liabilities	-925.07K	42.36M	218.45K	900K	0	0	0	0	0	0
Current Ratio	1.22x	1.17x	1.31x	1.08x	0.95x	0.97x	1.02x	0.93x	0.91x	0.85x
Quick Ratio	0.12x	0.14x	0.16x	0.08x	0.07x	0.10x	0.13x	0.14x	0.11x	0.07x
Cash Conversion Cycle	201.62	249.46	245.76	238.57	199.8	270.4	191.92	220.35	199.8	203.97
Total Non-Current Liabilities+	67.87M	50.48M	13.67M	29.08M	90.48M	91.27M	88.52M	85.53M	85.14M	64.5M
Long-Term Debt	61.66M	40.71M	4.85M	16.11M	16.22M	23.06M	21.37M	22.18M	22.59M	21.37M
Capital Lease Obligations	0	0	0	476K	72.64M	66.71M	66.76M	62.99M	59.88M	38.63M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	6.21M	9.78M	8.82M	12.49M	1.62M	1.5M	389K	358K	2.67M	4.5M
Total Liabilities	229.67M	221.56M	87.95M	120.01M	207.24M	203.1M	177.4M	197.58M	208.42M	214.09M
Total Debt+	151.07M	138.38M	45.21M	64.13M	152.78M	152.42M	140.38M	151.95M	156.62M	145.42M
Net Debt	148.03M	135.79M	44.2M	62.95M	152.21M	150.61M	138.36M	150.69M	154.84M	143.91M
Debt / Equity	15.11x	8.11x	1.39x	4.65x	44.80x	-	23.94x	-	-	-
Debt / EBITDA	5.60x	7.75x	-	-	-	57.80x	13.66x	81.47x	19.95x	66.16x
Net Debt / EBITDA	5.49x	7.60x	-	-	-	57.12x	13.46x	80.80x	19.72x	65.47x
Interest Coverage	3.61x	2.49x	-3.50x	-2.64x	-1.10x	-0.94x	1.40x	-0.68x	0.15x	-0.57x
Total Equity+	10M	17.06M	32.53M	13.78M	3.41M	-1.42M	5.86M	-603K	-5.15M	-18.01M
Equity Growth %	1.79%	0.71%	0.91%	-0.58%	-0.75%	-1.42%	5.12%	-1.1%	-7.54%	-2.5%
Book Value per Share	0.56	0.93	1.77	0.77	0.19	-0.08	0.31	-0.03	-0.27	-0.94
Total Shareholders' Equity	10M	17.06M	32.53M	13.78M	3.41M	-1.42M	5.86M	-603K	-5.15M	-18.01M
Common Stock	90.34M	92.82M	89.88M	93.35M	93.37M	95.12M	95.64M	96.77M	98.48M	100.61M
Retained Earnings	-102.35M	-98.58M	-80.35M	-98.47M	-108.86M	-114.7M	-113.41M	-120.84M	-125.48M	-138.29M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	955.36K	992.18K	1.87M	-212K	-227K	-97K	-30K	-36K	22K	-44K
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operations+	6.11M	9.68M	-37.81M	-4.72M	-4.36M	-1.72M	18.65M	-6.92M	-170K	-1.91M
Operating CF Margin %	0.02%	0.03%	-0.26%	-0.03%	-0.03%	-0.01%	0.1%	-0.04%	-0%	-0.01%
Operating CF Growth %	-0.55%	0.59%	-4.9%	0.88%	0.08%	0.6%	11.82%	-1.37%	0.98%	-10.25%
Net Income	7.06M	6.57M	-21.67M	-18.3M	-12.23M	-5.84M	1.29M	-7.43M	-4.63M	-12.82M
Depreciation & Amortization	6.85M	6.75M	3.29M	3.86M	7.14M	5.46M	5.81M	5.67M	6.64M	7.73M
Stock-Based Compensation	144.59K	205K	310K	178K	21K	3.3M	2.3M	700K	0	0
Deferred Taxes	-144.59K	-7.07M	-310K	-178K	-21K	-3.3M	-88K	-700K	0	0
Other Non-Cash Items	-3.03M	1.64M	-15.4M	361K	357K	94K	-469K	-1.87M	-2.41M	431K
Working Capital Changes	-4.91M	1.58M	-4.03M	9.36M	368K	-1.44M	12.02M	-3.3M	236K	2.74M
Change in Receivables	-3.19M	-3.92M	-2.26M	1.41M	-5.42M	-1.3M	820K	-260K	4.18M	1.84M
Change in Inventory	-8.66M	6.99M	130.43K	-6.71M	-10.36M	4.11M	18.88M	-9.45M	-10.71M	-17.21M
Change in Payables	3.56M	1.12M	773.55K	5.56M	18.73M	-10.64M	-9.66M	9.04M	5.52M	15.26M
Cash from Investing+	-3.17M	-6.76M	127.72M	-13.61M	-6.43M	-2.99M	-5.81M	-9.41M	-7.24M	-7.55M
Capital Expenditures	-8.41M	-6.75M	-8.75M	-13.61M	-6.43M	-2.99M	-5.81M	-9.41M	-6.28M	-7.01M
CapEx % of Revenue	0.02%	0.02%	0.06%	0.09%	0.04%	0.02%	0.03%	0.06%	0.03%	0.04%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	5.24M	-16K	136.48M	-2.03M	-600K	-16K	-1.2M	-1.04M	-953K	-542K
Cash from Financing+	-2.73M	-3.45M	-91.07M	18.51M	10.18M	5.96M	-12.63M	15.59M	7.93M	9.19M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-2.22M	67K	-87.83M	9.4M	-127K	827K	-10.26M	365K	-103K	-103K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-2.3M	2.94M	-46.56M	-18.33M	-10.79M	-4.71M	12.84M	-16.34M	-7.41M	-9.46M
FCF Margin %	-0.01%	0.01%	-0.32%	-0.12%	-0.06%	-0.03%	0.07%	-0.1%	-0.04%	-0.05%
FCF Growth %	-1.42%	2.28%	-16.86%	0.61%	0.41%	0.56%	3.72%	-2.27%	0.55%	-0.28%
FCF per Share	-0.13	0.16	-2.53	-1.02	-0.60	-0.26	0.68	-0.87	-0.39	-0.49
FCF Conversion (FCF/Net Income)	0.87x	1.47x	-3.31x	0.24x	0.24x	0.19x	-9.84x	0.93x	0.04x	0.15x
Interest Paid	0	0	0	0	0	0	0	0	0	8.46M
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	103.96%	48.56%	46.12%	-86%	-214.76%	-890.85%	-85.32%	-282.53%	-	-
Return on Invested Capital (ROIC)	9.67%	5.36%	-9.13%	-12.11%	-4.03%	-1.39%	2.28%	-1.94%	0.61%	-3.01%
Gross Margin	38.27%	37.79%	38.08%	38.78%	38.06%	39.39%	42.03%	41.71%	39.7%	37.29%
Net Margin	1.9%	1.72%	7.74%	-13.18%	-10.9%	-6.19%	-1.04%	-4.56%	-2.5%	-7.21%
Debt / Equity	15.11x	8.11x	1.39x	4.65x	44.80x	-	23.94x	-	-	-
Interest Coverage	3.61x	2.49x	-3.50x	-2.64x	-1.10x	-0.94x	1.40x	-0.68x	0.15x	-0.57x
FCF Conversion	0.87x	1.47x	-3.31x	0.24x	0.24x	0.19x	-9.84x	0.93x	0.04x	0.15x
Revenue Growth	-2.98%	3.13%	-61.4%	2.26%	12.16%	-15.55%	26.75%	-10.14%	13.7%	-4.03%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Timepieces	158.61M	164.52M	33.92M	52.01M	79.25M	75.77M	90.82M	77.15M	100.05M	108.88M
Timepieces Growth	-	3.73%	-79.38%	53.30%	52.38%	-4.38%	19.86%	-15.05%	29.68%	8.83%
Jewelry And Other	127.22M	122.41M	80.45M	99.04M	90.17M	67.3M	90.52M	85.8M	85.23M	68.93M
Jewelry And Other Growth	-	-3.78%	-34.27%	23.11%	-8.95%	-25.37%	34.51%	-5.22%	-0.67%	-19.12%

Revenue by Geography

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
UNITED STATES	157.18M	170.49M	-	-	-	-	-	-	-	-
UNITED STATES Growth	-	8.47%	-	-	-	-	-	-	-	-
CANADA	128.65M	116.44M	-	-	-	-	-	-	-	-
CANADA Growth	-	-9.49%	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Birks Group Inc. (BGI) reported $348.3M in revenue for fiscal year 2025. This represents a 15% increase from $301.6M in 2012.

Birks Group Inc. (BGI) saw revenue decline by 4.0% over the past year.

Birks Group Inc. (BGI) reported a net loss of $13.1M for fiscal year 2025.

Dividend & Returns

Birks Group Inc. (BGI) had negative free cash flow of $20.3M in fiscal year 2025, likely due to heavy capital investments.

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Birks Group Inc. (BGI) 10-Year Financial Performance & Capital Metrics

BGI • • Industrial / General

Consumer CyclicalLuxury GoodsFine Jewelry RetailersTraditional Jewelry Retail Chains

Revenue $178M -4.0%
EBITDA $2M -72.0%
Net Income -$13M -176.8%
EPS (Diluted) -0.67 -179.2%
Gross Margin 37.29% -6.1%
EBITDA Margin 1.24% -70.8%
Operating Margin -3.11% -576.3%
Net Margin -7.21% -188.4%
ROE -
ROIC -3.01% -597.1%
Debt/Equity -
Interest Coverage -0.57 -476.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

No significant strengths identified

✗Weaknesses

✗Weak Piotroski F-Score: 2/9
✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-7.37%

5Y0.97%

3Y-0.65%

TTM0.25%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-253.44%

EPS CAGR

10Y-

5Y-

3Y-

TTM-225.85%

ROCE

10Y Avg-2.94%

5Y Avg-1.95%

3Y Avg-3.84%

Latest-8.75%

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	370.24M	14.26	54.85	2.92%	4.89%	16.71%	1.82%	0.35
BGIBirks Group Inc.	10.45M	0.88	-1.31	-4.03%	-3.77%
SIGSignet Jewelers Limited	3.5B	86.13	-106.33	-6.52%	2.13%	8.43%	12.5%	0.64

Profit & Loss

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales/Revenue+	371.01M	382.63M	147.71M	151.05M	169.42M	143.07M	181.34M	162.95M	185.28M	177.81M
Revenue Growth %	-0.03%	0.03%	-0.61%	0.02%	0.12%	-0.16%	0.27%	-0.1%	0.14%	-0.04%
Cost of Goods Sold+	229.02M	238.03M	91.46M	92.47M	104.94M	86.72M	105.12M	94.99M	111.72M	111.5M
COGS % of Revenue	0.62%	0.62%	0.62%	0.61%	0.62%	0.61%	0.58%	0.58%	0.6%	0.63%
Gross Profit+	141.99M	144.61M	56.25M	58.58M	64.48M	56.35M	76.22M	67.96M	73.56M	66.31M
Gross Margin %	0.38%	0.38%	0.38%	0.39%	0.38%	0.39%	0.42%	0.42%	0.4%	0.37%
Gross Profit Growth %	-0.05%	0.02%	-0.61%	0.04%	0.1%	-0.13%	0.35%	-0.11%	0.08%	-0.1%
Operating Expenses+	125.07M	132.37M	70.22M	70.97M	70.71M	59.17M	71.75M	71.77M	72.34M	71.84M
OpEx % of Revenue	0.34%	0.35%	0.48%	0.47%	0.42%	0.41%	0.4%	0.44%	0.39%	0.4%
Selling, General & Admin	118.28M	125.66M	66.92M	67.11M	65.87M	53.71M	65.94M	66.09M	65.7M	59.52M
SG&A % of Revenue	0.32%	0.33%	0.45%	0.44%	0.39%	0.38%	0.36%	0.41%	0.35%	0.33%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	6.79M	6.71M	3.29M	3.86M	4.84M	5.46M	5.81M	5.67M	6.64M	12.32M
Operating Income+	20.13M	11.11M	-13.97M	-12.39M	-6.24M	-2.82M	4.47M	-3.81M	1.21M	-5.54M
Operating Margin %	0.05%	0.03%	-0.09%	-0.08%	-0.04%	-0.02%	0.02%	-0.02%	0.01%	-0.03%
Operating Income Growth %	2%	-0.45%	-2.26%	0.11%	0.5%	0.55%	2.58%	-1.85%	1.32%	-5.57%
EBITDA+	26.98M	17.87M	-10.68M	-8.53M	-1.39M	2.64M	10.28M	1.86M	7.85M	2.2M
EBITDA Margin %	0.07%	0.05%	-0.07%	-0.06%	-0.01%	0.02%	0.06%	0.01%	0.04%	0.01%
EBITDA Growth %	0.9%	-0.34%	-1.6%	0.2%	0.84%	2.9%	2.9%	-0.82%	3.21%	-0.72%
D&A (Non-Cash Add-back)	6.85M	6.75M	3.29M	3.86M	4.84M	5.46M	5.81M	5.67M	6.64M	7.73M
EBIT	5.87M	-4.39M	-18.01M	-13.62M	-6.54M	-2.82M	4.47M	-3.81M	1.21M	-5.54M
Net Interest Income+	-5.58M	-4.47M	-3.99M	-4.69M	-5.68M	-3.02M	-3.18M	-5.58M	-8.01M	-9.71M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	5.58M	4.47M	3.99M	4.69M	5.68M	3.02M	3.18M	5.58M	8.01M	9.71M
Other Income/Expense	-514.5K	-4.47M	-3.99M	-4.69M	-5.68M	-3.02M	-3.18M	-5.58M	-8.01M	-9.71M
Pretax Income+	7.12M	-465.42K	-21.67M	-18.3M	-12.23M	-5.84M	1.29M	-9.39M	-6.8M	-15.25M
Pretax Margin %	0.02%	-0%	-0.15%	-0.12%	-0.07%	-0.04%	0.01%	-0.06%	-0.04%	-0.09%
Income Tax+	64.9K	-7.04M	-33.1M	1.61M	0	0	0	-1.96M	-2.17M	-2.43M
Effective Tax Rate %	0.99%	-14.12%	-0.53%	1.09%	1.51%	1.52%	-1.47%	0.79%	0.68%	0.84%
Net Income+	7.06M	6.57M	11.44M	-19.91M	-18.46M	-8.86M	-1.9M	-7.43M	-4.63M	-12.82M
Net Margin %	0.02%	0.02%	0.08%	-0.13%	-0.11%	-0.06%	-0.01%	-0.05%	-0.02%	-0.07%
Net Income Growth %	1.65%	-0.07%	0.74%	-2.74%	0.07%	0.52%	0.79%	-2.92%	0.38%	-1.77%
Net Income (Continuing)	292.06K	-8.86M	-22M	-18.3M	-12.23M	-5.84M	1.29M	-7.43M	-4.63M	-12.82M
Discontinued Operations	0	15.93M	36.09M	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.39	0.38	0.62	-1.11	-1.03	-0.49	-0.10	-0.40	-0.24	-0.67
EPS Growth %	1.64%	-0.03%	0.63%	-2.79%	0.07%	0.52%	0.8%	-3%	0.4%	-1.79%
EPS (Basic)	0.39	0.39	0.64	-1.11	-1.03	-0.49	-0.10	-0.40	-0.24	-0.67
Diluted Shares Outstanding	17.96M	18.42M	18.39M	17.96M	17.97M	18M	18.79M	18.69M	19.06M	19.23M
Basic Shares Outstanding	17.96M	17.96M	17.96M	17.95M	17.97M	18M	18.35M	18.58M	19.06M	19.23M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Total Current Assets+	197.65M	199.72M	97.13M	98.4M	110.49M	108.95M	90.78M	103.69M	112.22M	126.47M
Cash & Short-Term Investments	3.04M	2.59M	1.01M	1.18M	565K	1.81M	2.01M	1.26M	1.78M	1.51M
Cash Only	3.04M	2.59M	1.01M	1.18M	565K	1.81M	2.01M	1.26M	1.78M	1.51M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	13.36M	18.08M	4.82M	3.54M	6.02M	7.31M	8.04M	11.38M	8.46M	6.61M
Days Sales Outstanding	13.14	17.25	11.9	8.55	12.97	18.64	16.18	25.48	16.66	13.56
Inventory	178.92M	176.12M	84.97M	91.54M	101.9M	97.79M	78.91M	88.36M	99.07M	116.28M
Days Inventory Outstanding	285.15	270.08	339.07	361.33	354.41	411.6	273.98	339.51	323.66	380.64
Other Current Assets	2.33M	2.92M	4.94M	2.14M	0	4.25M	0	5.14M	3.46M	2.07M
Total Non-Current Assets+	42.02M	38.9M	23.34M	35.4M	100.16M	92.73M	92.48M	93.29M	91.05M	69.61M
Property, Plant & Equipment	38.19M	30.66M	19.46M	29.73M	90.68M	82.17M	80.85M	82.33M	77.47M	60.34M
Fixed Asset Turnover	9.72x	12.48x	7.59x	5.08x	1.87x	1.74x	2.24x	1.98x	2.39x	2.95x
Goodwill	-41.94K	-12.02K	876.27K	0	0	0	0	0	0	0
Intangible Assets	1.07M	932.19K	3.01M	4.4M	4.94M	4.89M	6.03M	7M	7.89M	3.02M
Long-Term Investments	0	0	0	0	0	0	0	1.96M	4.12M	5.17M
Other Non-Current Assets	2.8M	253.38K	0	1.27M	4.54M	5.67M	5.6M	2M	1.57M	1.08M
Total Assets+	239.67M	238.63M	120.47M	133.79M	210.65M	201.68M	183.26M	196.98M	203.27M	196.08M
Asset Turnover	1.55x	1.60x	1.23x	1.13x	0.80x	0.71x	0.99x	0.83x	0.91x	0.91x
Asset Growth %	0.05%	-0%	-0.5%	0.11%	0.57%	-0.04%	-0.09%	0.07%	0.03%	-0.04%
Total Current Liabilities+	161.8M	171.08M	74.28M	90.94M	116.77M	111.83M	88.88M	112.06M	123.28M	149.59M
Accounts Payable	60.66M	24.7M	26.36M	33.26M	48.18M	37.98M	28.29M	37.65M	43.01M	58.11M
Days Payables Outstanding	96.67	37.87	105.21	131.3	167.58	159.84	98.23	144.65	140.52	190.24
Short-Term Debt	89.41M	97.68M	40.3M	48.01M	58.1M	56.35M	45.29M	60.02M	67.72M	78.49M
Deferred Revenue (Current)	0	1000K	2	0	0	0	0	0	0	0
Other Current Liabilities	-925.07K	42.36M	218.45K	900K	0	0	0	0	0	0
Current Ratio	1.22x	1.17x	1.31x	1.08x	0.95x	0.97x	1.02x	0.93x	0.91x	0.85x
Quick Ratio	0.12x	0.14x	0.16x	0.08x	0.07x	0.10x	0.13x	0.14x	0.11x	0.07x
Cash Conversion Cycle	201.62	249.46	245.76	238.57	199.8	270.4	191.92	220.35	199.8	203.97
Total Non-Current Liabilities+	67.87M	50.48M	13.67M	29.08M	90.48M	91.27M	88.52M	85.53M	85.14M	64.5M
Long-Term Debt	61.66M	40.71M	4.85M	16.11M	16.22M	23.06M	21.37M	22.18M	22.59M	21.37M
Capital Lease Obligations	0	0	0	476K	72.64M	66.71M	66.76M	62.99M	59.88M	38.63M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	6.21M	9.78M	8.82M	12.49M	1.62M	1.5M	389K	358K	2.67M	4.5M
Total Liabilities	229.67M	221.56M	87.95M	120.01M	207.24M	203.1M	177.4M	197.58M	208.42M	214.09M
Total Debt+	151.07M	138.38M	45.21M	64.13M	152.78M	152.42M	140.38M	151.95M	156.62M	145.42M
Net Debt	148.03M	135.79M	44.2M	62.95M	152.21M	150.61M	138.36M	150.69M	154.84M	143.91M
Debt / Equity	15.11x	8.11x	1.39x	4.65x	44.80x	-	23.94x	-	-	-
Debt / EBITDA	5.60x	7.75x	-	-	-	57.80x	13.66x	81.47x	19.95x	66.16x
Net Debt / EBITDA	5.49x	7.60x	-	-	-	57.12x	13.46x	80.80x	19.72x	65.47x
Interest Coverage	3.61x	2.49x	-3.50x	-2.64x	-1.10x	-0.94x	1.40x	-0.68x	0.15x	-0.57x
Total Equity+	10M	17.06M	32.53M	13.78M	3.41M	-1.42M	5.86M	-603K	-5.15M	-18.01M
Equity Growth %	1.79%	0.71%	0.91%	-0.58%	-0.75%	-1.42%	5.12%	-1.1%	-7.54%	-2.5%
Book Value per Share	0.56	0.93	1.77	0.77	0.19	-0.08	0.31	-0.03	-0.27	-0.94
Total Shareholders' Equity	10M	17.06M	32.53M	13.78M	3.41M	-1.42M	5.86M	-603K	-5.15M	-18.01M
Common Stock	90.34M	92.82M	89.88M	93.35M	93.37M	95.12M	95.64M	96.77M	98.48M	100.61M
Retained Earnings	-102.35M	-98.58M	-80.35M	-98.47M	-108.86M	-114.7M	-113.41M	-120.84M	-125.48M	-138.29M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	955.36K	992.18K	1.87M	-212K	-227K	-97K	-30K	-36K	22K	-44K
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operations+	6.11M	9.68M	-37.81M	-4.72M	-4.36M	-1.72M	18.65M	-6.92M	-170K	-1.91M
Operating CF Margin %	0.02%	0.03%	-0.26%	-0.03%	-0.03%	-0.01%	0.1%	-0.04%	-0%	-0.01%
Operating CF Growth %	-0.55%	0.59%	-4.9%	0.88%	0.08%	0.6%	11.82%	-1.37%	0.98%	-10.25%
Net Income	7.06M	6.57M	-21.67M	-18.3M	-12.23M	-5.84M	1.29M	-7.43M	-4.63M	-12.82M
Depreciation & Amortization	6.85M	6.75M	3.29M	3.86M	7.14M	5.46M	5.81M	5.67M	6.64M	7.73M
Stock-Based Compensation	144.59K	205K	310K	178K	21K	3.3M	2.3M	700K	0	0
Deferred Taxes	-144.59K	-7.07M	-310K	-178K	-21K	-3.3M	-88K	-700K	0	0
Other Non-Cash Items	-3.03M	1.64M	-15.4M	361K	357K	94K	-469K	-1.87M	-2.41M	431K
Working Capital Changes	-4.91M	1.58M	-4.03M	9.36M	368K	-1.44M	12.02M	-3.3M	236K	2.74M
Change in Receivables	-3.19M	-3.92M	-2.26M	1.41M	-5.42M	-1.3M	820K	-260K	4.18M	1.84M
Change in Inventory	-8.66M	6.99M	130.43K	-6.71M	-10.36M	4.11M	18.88M	-9.45M	-10.71M	-17.21M
Change in Payables	3.56M	1.12M	773.55K	5.56M	18.73M	-10.64M	-9.66M	9.04M	5.52M	15.26M
Cash from Investing+	-3.17M	-6.76M	127.72M	-13.61M	-6.43M	-2.99M	-5.81M	-9.41M	-7.24M	-7.55M
Capital Expenditures	-8.41M	-6.75M	-8.75M	-13.61M	-6.43M	-2.99M	-5.81M	-9.41M	-6.28M	-7.01M
CapEx % of Revenue	0.02%	0.02%	0.06%	0.09%	0.04%	0.02%	0.03%	0.06%	0.03%	0.04%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	5.24M	-16K	136.48M	-2.03M	-600K	-16K	-1.2M	-1.04M	-953K	-542K
Cash from Financing+	-2.73M	-3.45M	-91.07M	18.51M	10.18M	5.96M	-12.63M	15.59M	7.93M	9.19M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-2.22M	67K	-87.83M	9.4M	-127K	827K	-10.26M	365K	-103K	-103K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-2.3M	2.94M	-46.56M	-18.33M	-10.79M	-4.71M	12.84M	-16.34M	-7.41M	-9.46M
FCF Margin %	-0.01%	0.01%	-0.32%	-0.12%	-0.06%	-0.03%	0.07%	-0.1%	-0.04%	-0.05%
FCF Growth %	-1.42%	2.28%	-16.86%	0.61%	0.41%	0.56%	3.72%	-2.27%	0.55%	-0.28%
FCF per Share	-0.13	0.16	-2.53	-1.02	-0.60	-0.26	0.68	-0.87	-0.39	-0.49
FCF Conversion (FCF/Net Income)	0.87x	1.47x	-3.31x	0.24x	0.24x	0.19x	-9.84x	0.93x	0.04x	0.15x
Interest Paid	0	0	0	0	0	0	0	0	0	8.46M
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	103.96%	48.56%	46.12%	-86%	-214.76%	-890.85%	-85.32%	-282.53%	-	-
Return on Invested Capital (ROIC)	9.67%	5.36%	-9.13%	-12.11%	-4.03%	-1.39%	2.28%	-1.94%	0.61%	-3.01%
Gross Margin	38.27%	37.79%	38.08%	38.78%	38.06%	39.39%	42.03%	41.71%	39.7%	37.29%
Net Margin	1.9%	1.72%	7.74%	-13.18%	-10.9%	-6.19%	-1.04%	-4.56%	-2.5%	-7.21%
Debt / Equity	15.11x	8.11x	1.39x	4.65x	44.80x	-	23.94x	-	-	-
Interest Coverage	3.61x	2.49x	-3.50x	-2.64x	-1.10x	-0.94x	1.40x	-0.68x	0.15x	-0.57x
FCF Conversion	0.87x	1.47x	-3.31x	0.24x	0.24x	0.19x	-9.84x	0.93x	0.04x	0.15x
Revenue Growth	-2.98%	3.13%	-61.4%	2.26%	12.16%	-15.55%	26.75%	-10.14%	13.7%	-4.03%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Timepieces	158.61M	164.52M	33.92M	52.01M	79.25M	75.77M	90.82M	77.15M	100.05M	108.88M
Timepieces Growth	-	3.73%	-79.38%	53.30%	52.38%	-4.38%	19.86%	-15.05%	29.68%	8.83%
Jewelry And Other	127.22M	122.41M	80.45M	99.04M	90.17M	67.3M	90.52M	85.8M	85.23M	68.93M
Jewelry And Other Growth	-	-3.78%	-34.27%	23.11%	-8.95%	-25.37%	34.51%	-5.22%	-0.67%	-19.12%

Revenue by Geography

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
UNITED STATES	157.18M	170.49M	-	-	-	-	-	-	-	-
UNITED STATES Growth	-	8.47%	-	-	-	-	-	-	-	-
CANADA	128.65M	116.44M	-	-	-	-	-	-	-	-
CANADA Growth	-	-9.49%	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Birks Group Inc. (BGI) reported $348.3M in revenue for fiscal year 2025. This represents a 15% increase from $301.6M in 2012.

Birks Group Inc. (BGI) saw revenue decline by 4.0% over the past year.

Birks Group Inc. (BGI) reported a net loss of $13.1M for fiscal year 2025.

Dividend & Returns

Birks Group Inc. (BGI) had negative free cash flow of $20.3M in fiscal year 2025, likely due to heavy capital investments.