SIG Signet Jewelers margins

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  2. Consumer Cyclical
  3. NYSE: SIG
  4. Margins
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Relative Growth: Rel. Growth: 64
Relative Strength: Rel. Strength: 85
Relative Valuation: Rel. Valuation: 94
Relative Profitability: Rel. Profitability: 75
Gross margin
39.1%
Operating margin
6.8%
EBITDA margin
8.8%
Net margin
5.2%

For this period, Signet Jewelers reports a gross margin of 39.1%, an operating margin of 6.8%, an EBITDA margin of 8.8%, and a net margin of 5.2%. The strongest positive change was in operating margin, higher by 3.7 percentage points. The strongest negative change was in gross margin, lower by 0.4 percentage points.

SIG margin history

Gross, operating, EBITDA and net margin trends

Signet Jewelers's margins averaged 39.33% gross, 5.29% operating, 7.69% EBITDA, and 5.42% net during the last 3 years. Against the three-year averages, operating and EBITDA margins are above their three-year averages and gross and net margins are below their three-year averages.

SIG margin expansion

Year-over-year margin changes in percentage points

Signet Jewelers's operating margin expanded by 3.7 percentage points, EBITDA margin by 3.3 percentage points, and net margin by 3.3 percentage points, but gross margin contracted by 0.4 percentage points.

Gross margin expansion
-0.4pp
Operating margin expansion
3.7pp
EBITDA margin expansion
3.3pp
Net margin expansion
3.3pp

SIG Gross margin

Over the last 3 years, the average gross margin for Signet Jewelers was 39.33%. The latest gross margin for Signet Jewelers is 39.1%, 0.2 percentage points below its three-year average. Signet Jewelers's gross margin ranged from a low of 38.9% in Oct 2023 to a high of 39.7% in Nov 2025.

SIG Operating margin

Signet Jewelers recorded an average operating margin of 5.29% across the last 3 years. Signet Jewelers currently reports an operating margin of 6.8%, 1.5 percentage points above its three-year average. The operating margin for Signet Jewelers moved between 1.6% in May 2025 and 8.7% in Feb 2024.

SIG EBITDA margin

Across the last 3 years, Signet Jewelers's EBITDA margin stood at 7.69%. The current EBITDA margin stands at 8.8%, 1.1 percentage points above its three-year average. EBITDA margin was highest at 11.2% in Feb 2024 and lowest at 4% in May 2025.

SIG Net margin

Across the last 3 years, Signet Jewelers had an average net margin of 5.42%. Against its three-year average, Signet Jewelers's net margin is currently 5.2%, 0.2 percentage points below its three-year average. Looking back over the last 3 years, Signet Jewelers's net margin reached 11.3% at its highest point in Feb 2024 and 0.6% at its lowest in May 2025.

SIG margin group comparison

Margins compared with peer-group, industry and sector averages

Signet Jewelers's gross margin of 39.1% is higher than the Consumer Cyclical sector average but lower than the industry average. In comparison with the Consumer Cyclical sector average of 36.2%, Signet Jewelers's gross margin is 8% higher.

SIG margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Signet Jewelers's gross margin?

For the period ending Aug 1, 2026, SIG recorded a gross margin of 39.1%.

What is Signet Jewelers's operating margin?

As of Aug 1, 2026, SIG has an operating margin of 6.8%.

What is Signet Jewelers's EBITDA margin?

For the period ending Aug 1, 2026, SIG recorded an EBITDA margin of 8.8%.

What is Signet Jewelers's net margin?

As of Aug 1, 2026, SIG has a net margin of 5.2%.

What are the average margins of SIG?

Across the last 3 years, SIG averaged 39.3% gross, 5.3% operating, 7.7% EBITDA, and 5.4% net.

What are the highest historical margins of SIG?

Over this 5-year history, SIG peaked at 39.9% gross in Jan 2022, 11.5% operating in Jan 2022, 13.6% EBITDA in Jan 2022, and 11.3% net in Feb 2024.

What are the lowest historical margins of SIG?

Looking back across 5 years, SIG reached its lowest margins at 38.6% gross in Apr 2023, 1.6% operating in May 2025, 4% EBITDA in May 2025, and 0.6% net in May 2025.