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Signet Jewelers Financials

SIG
Source SEC Filings (10-K/10-Q) Updated May 2, 2026 Currency USD FYE January

This page shows Signet Jewelers (SIG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI SIG FY2026

Signet’s retail engine remains cash generative, but earnings swing mainly with overhead absorption rather than merchandise margin.

From FY2024 through FY2026, gross margin stayed clustered around 39.0%-40.0% while operating margin moved from 8.7% to 1.7% and back to 5.8%; that pattern says the squeeze came more from fixed operating costs than from weaker merchandise economics. At the same time, free cash flow held at $437.9M in FY2025 and $525.3M in FY2026 despite much lower net income, so reported profit volatility overstated the pressure on the underlying cash engine.

With $1.94B of inventory against $874.8M of cash and a 1.6x current ratio, the balance sheet is operationally tied more to inventory turns than to receivable collection. That means liquidity depends heavily on how efficiently stocked goods are converted back into cash, not on extending credit to customers.

The business is not especially capital intensive: FY2026 operating cash flow of $678.8M required only $153.5M of capex, leaving room for buybacks and dividends even after a weak FY2025. That low reinvestment burden is why cash generation stayed more resilient than accounting earnings.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 40 / 100
Financial Profile 40/100

Based on FY2026 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Signet Jewelers's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability
34

Signet Jewelers has an operating margin of 5.8%, meaning the company retains $6 of operating profit per $100 of revenue. This results in a moderate score of 34/100, indicating healthy but not exceptional operating efficiency. This is up from 1.7% the prior year.

Growth
29

Signet Jewelers's revenue grew a modest 1.6% year-over-year to $6.8B. This slow but positive growth earns a score of 29/100.

Leverage
61

Signet Jewelers has a moderate D/E ratio of 2.02. This balance of debt and equity financing earns a leverage score of 61/100.

Liquidity
28

Signet Jewelers's current ratio of 1.62 is below the typical benchmark, resulting in a score of 28/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow
42

Signet Jewelers has a free cash flow margin of 7.7%, earning a moderate score of 42/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns
48

Signet Jewelers's ROE of 15.5% shows moderate profitability relative to equity, earning a score of 48/100. This is up from 3.5% the prior year.

Altman Z-Score Safe
3.14

Signet Jewelers scores 3.14, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Strong
7/9

Signet Jewelers passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed
2.31x

For every $1 of reported earnings, Signet Jewelers generates $2.31 in operating cash flow ($678.8M OCF vs $294.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe
98.3x

Signet Jewelers earns $98.3 in operating income for every $1 of interest expense ($393.1M vs $4.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue
$6.8B
YoY+1.6%
5Y CAGR+5.4%
10Y CAGR+0.4%

Signet Jewelers generated $6.8B in revenue in fiscal year 2026. This represents an increase of 1.6% from the prior year.

EBITDA
$540.6M
YoY+108.8%
5Y CAGR+35.5%
10Y CAGR-4.7%

Signet Jewelers's EBITDA was $540.6M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 108.8% from the prior year.

Net Income
$294.4M
YoY+381.0%
10Y CAGR-4.5%

Signet Jewelers reported $294.4M in net income in fiscal year 2026. This represents an increase of 381.0% from the prior year.

EPS (Diluted)
N/A

Cash & Balance Sheet

Free Cash Flow
$525.3M
YoY+20.0%
5Y CAGR-16.4%
10Y CAGR+9.3%

Signet Jewelers generated $525.3M in free cash flow in fiscal year 2026, representing cash available after capex. This represents an increase of 20.0% from the prior year.

Cash & Debt
$602.8M
YoY+128.2%
5Y CAGR-14.2%
10Y CAGR+18.2%

Signet Jewelers held $602.8M in cash against $0 in long-term debt as of fiscal year 2026.

Dividends Per Share
$1.28
YoY+10.3%
10Y CAGR+3.8%

Signet Jewelers paid $1.28 per share in dividends in fiscal year 2026. This represents an increase of 10.3% from the prior year.

Shares Outstanding
40M
YoY-6.6%
5Y CAGR-5.2%
10Y CAGR-6.5%

Signet Jewelers had 40M shares outstanding in fiscal year 2026. This represents a decrease of 6.6% from the prior year.

Margins & Returns

Gross Margin
39.6%
YoY+0.4pp
5Y CAGR+6.4pp
10Y CAGR+2.3pp

Signet Jewelers's gross margin was 39.6% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is up 0.4 percentage points from the prior year.

Operating Margin
5.8%
YoY+4.1pp
5Y CAGR+6.9pp
10Y CAGR-5.0pp

Signet Jewelers's operating margin was 5.8% in fiscal year 2026, reflecting core business profitability. This is up 4.1 percentage points from the prior year.

Net Margin
4.3%
YoY+3.4pp
5Y CAGR+4.6pp
10Y CAGR-2.8pp

Signet Jewelers's net profit margin was 4.3% in fiscal year 2026, showing the share of revenue converted to profit. This is up 3.4 percentage points from the prior year.

Return on Equity
15.5%
YoY+12.1pp
5Y CAGR+16.7pp
10Y CAGR+0.4pp

Signet Jewelers's ROE was 15.5% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is up 12.1 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
$205.2M
YoY+48.7%
10Y CAGR+4.7%

Signet Jewelers spent $205.2M on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 48.7% from the prior year.

Capital Expenditures
$153.5M
YoY+0.3%
5Y CAGR+13.1%
10Y CAGR-3.8%

Signet Jewelers invested $153.5M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents an increase of 0.3% from the prior year.

SIG Income Statement

Metric Q2'27 Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25
Revenue $1.6B+11.6% $1.4B-9.3% $1.5B-0.4% $1.5B-33.6% $2.3B+72.1% $1.3B-9.5% $1.5B-1.3% $1.5B
Cost of Revenue $997.1M+14.2% $873.0M-7.4% $943.2M0.0% $942.8M-30.0% $1.3B+55.8% $864.1M-6.6% $924.7M-1.5% $938.4M
Gross Profit $556.5M+7.3% $518.8M-12.4% $591.9M-1.2% $598.8M-38.6% $975.2M+100.9% $485.3M-14.3% $566.3M-1.1% $572.4M
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $509.6M+5.0% $485.3M-4.0% $505.3M-3.9% $526.0M-16.3% $628.6M+33.9% $469.6M-5.8% $498.4M-3.3% $515.4M
Operating Income $36.9M+54.4% $23.9M+753.6% $2.8M-94.2% $48.1M-68.8% $154.3M+1577.2% $9.2M+109.1% -$100.9M-302.6% $49.8M
Interest Expense $3.6M+3700.0% -$100K0.0% -$100K-112.5% $800K-89.5% $7.6M+860.0% -$1.0M-141.7% $2.4M-72.1% $8.6M
Income Tax $9.1M+75.0% $5.2M-63.4% $14.2M+17.4% $12.1M-74.7% $47.9M+3321.4% $1.4M-12.5% $1.6M-75.4% $6.5M
Net Income $31.7M+58.5% $20.0M+319.8% -$9.1M-127.2% $33.5M-71.9% $119.2M+1602.9% $7.0M+107.1% -$98.5M-289.1% $52.1M
EPS (Diluted) N/A N/A N/A N/A N/A N/A N/A N/A

SIG Balance Sheet

Metric Q2'27 Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25
Total Assets $5.7B+5.9% $5.4B+1.3% $5.3B-2.0% $5.5B-4.8% $5.7B+0.7% $5.7B+1.3% $5.6B-8.7% $6.2B
Current Assets $2.8B+9.8% $2.6B+4.1% $2.5B-0.1% $2.5B-9.0% $2.7B+6.8% $2.5B-1.4% $2.6B-11.9% $2.9B
Cash & Equivalents $602.8M+156.8% $234.7M-16.6% $281.4M+6.6% $264.1M-56.3% $604.0M+283.0% $157.7M-60.9% $403.1M-44.7% $729.3M
Inventory $2.0B-5.6% $2.1B+6.3% $2.0B-1.0% $2.0B+3.6% $1.9B-9.3% $2.1B+8.0% $2.0B-0.3% $2.0B
Accounts Receivable N/A N/A N/A N/A N/A N/A N/A N/A
Goodwill $428.4M0.0% $428.4M0.0% $428.4M-11.1% $482.0M0.0% $482.0M-23.7% $631.5M0.0% $631.5M-16.3% $754.5M
Total Liabilities $3.8B+3.8% $3.7B+2.1% $3.6B-1.7% $3.7B-5.1% $3.9B-0.3% $3.9B+11.9% $3.5B-7.2% $3.7B
Current Liabilities $1.7B+1.8% $1.7B+6.9% $1.6B-2.8% $1.6B-10.1% $1.8B+12.1% $1.6B+7.0% $1.5B-12.6% $1.7B
Long-Term Debt N/A $0 N/A $0 $0-100.0% $253.0M $0 $0
Total Equity $1.9B+10.3% $1.7B-0.4% $1.7B-2.7% $1.8B-4.1% $1.9B+2.9% $1.8B-6.2% $1.9B-7.9% $2.1B
Retained Earnings $4.0B+6.8% $3.7B+0.2% $3.7B-0.6% $3.8B+0.5% $3.7B+2.4% $3.7B-0.2% $3.7B-3.0% $3.8B

SIG Cash Flow Statement

Metric Q2'27 Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25
Operating Cash Flow -$144.7M-566.8% $31.0M-64.1% $86.3M+149.2% -$175.3M-122.5% $780.7M+1135.4% -$75.4M-272.1% $43.8M+127.7% -$158.2M
Capital Expenditures $24.5M-24.6% $32.5M+35.4% $24.0M-34.4% $36.6M-5.2% $38.6M-38.8% $63.1M+125.4% $28.0M+20.2% $23.3M
Free Cash Flow -$169.2M-11180.0% -$1.5M-102.4% $62.3M+129.4% -$211.9M-128.6% $742.1M+635.8% -$138.5M-976.6% $15.8M+108.7% -$181.5M
Investing Cash Flow -$23.9M+30.5% -$34.4M-42.7% -$24.1M+34.2% -$36.6M+3.9% -$38.1M+40.3% -$63.8M-78.7% -$35.7M-66.0% -$21.5M
Financing Cash Flow -$102.6M-147.2% -$41.5M+8.4% -$45.3M+67.0% -$137.3M+52.8% -$291.0M-173.0% -$106.6M+68.1% -$334.4M+28.5% -$467.5M
Dividends Paid $13.0M-0.8% $13.1M-0.8% $13.2M+4.8% $12.6M0.0% $12.6M-2.3% $12.9M0.0% $12.9M+26.5% $10.2M
Share Buybacks $82.7M+190.2% $28.5M-11.8% $32.3M-72.5% $117.4M+385.1% $24.2M-63.7% $66.6M+67.3% $39.8M+437.8% $7.4M

SIG Financial Ratios

Metric Q2'27 Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25
Gross Margin 35.8%-1.5pp 37.3%-1.3pp 38.6%-0.3pp 38.8%-3.2pp 42.0%+6.0pp 36.0%-2.0pp 38.0%+0.1pp 37.9%
Operating Margin 2.4%+0.7pp 1.7%+1.5pp 0.2%-2.9pp 3.1%-3.5pp 6.7%+6.0pp 0.7%+7.4pp -6.8%-10.1pp 3.3%
Net Margin 2.0%+0.6pp 1.4%+2.0pp -0.6%-2.8pp 2.2%-3.0pp 5.1%+4.6pp 0.5%+7.1pp -6.6%-10.1pp 3.5%
Return on Equity 1.7%+0.5pp 1.2%+1.7pp -0.5%-2.4pp 1.9%-4.5pp 6.4%+6.0pp 0.4%+5.5pp -5.1%-7.6pp 2.5%
Return on Assets 0.5%+0.2pp 0.4%+0.5pp -0.2%-0.8pp 0.6%-1.5pp 2.1%+2.0pp 0.1%+1.9pp -1.8%-2.6pp 0.9%
Current Ratio 1.62+0.1 1.50-0.0 1.54+0.0 1.50+0.0 1.48-0.1 1.55-0.1 1.69+0.0 1.67
Debt-to-Equity 2.02+2.0 0.00-2.1 2.09+2.1 0.000.0 0.00-0.1 0.14+0.1 0.000.0 0.00
FCF Margin -10.9%-10.8pp -0.1%-4.2pp 4.1%+17.8pp -13.8%-45.7pp 32.0%+42.2pp -10.3%-11.3pp 1.1%+13.1pp -12.0%

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Frequently Asked Questions

Signet Jewelers (SIG) reported $6.8B in total revenue for fiscal year 2026. This represents a 1.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Signet Jewelers (SIG) revenue grew by 1.6% year-over-year, from $6.7B to $6.8B in fiscal year 2026.

Yes, Signet Jewelers (SIG) reported a net income of $294.4M in fiscal year 2026, with a net profit margin of 4.3%.

Signet Jewelers (SIG) had EBITDA of $540.6M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

Signet Jewelers (SIG) had a gross margin of 39.6% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

Signet Jewelers (SIG) had an operating margin of 5.8% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.

Signet Jewelers (SIG) had a net profit margin of 4.3% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

Yes, Signet Jewelers (SIG) paid $1.28 per share in dividends during fiscal year 2026.

Signet Jewelers (SIG) has a return on equity of 15.5% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

Signet Jewelers (SIG) generated $525.3M in free cash flow during fiscal year 2026. This represents a 20.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Signet Jewelers (SIG) generated $678.8M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

Signet Jewelers (SIG) had $5.7B in total assets as of fiscal year 2026, including both current and long-term assets.

Signet Jewelers (SIG) invested $153.5M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

Yes, Signet Jewelers (SIG) spent $205.2M on share buybacks during fiscal year 2026, returning capital to shareholders by reducing shares outstanding.

Signet Jewelers (SIG) had 40M shares outstanding as of fiscal year 2026.

Signet Jewelers (SIG) had a current ratio of 1.62 as of fiscal year 2026, which is generally considered healthy.

Signet Jewelers (SIG) had a debt-to-equity ratio of 2.02 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

Signet Jewelers (SIG) had a return on assets of 5.1% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

Signet Jewelers (SIG) has an Altman Z-Score of 3.14, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Signet Jewelers (SIG) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Signet Jewelers (SIG) has an earnings quality ratio of 2.31x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Signet Jewelers (SIG) has an interest coverage ratio of 98.3x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Signet Jewelers (SIG) scores 40 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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