High Tide vs Rent The Runway
High Tide is the larger business, with $424m of revenue in fiscal 2025 against $330m for Rent The Runway (1.3 times as much). High Tide grew faster (10.5% against 7.7%). Rent The Runway kept more of each dollar of sales as profit: a net margin of 6.9% against -8.5%.
| Latest fiscal year | High TideHITI, 2025 | Rent The RunwayRENT, 2026 |
|---|---|---|
| Revenue | $424m | $330m |
| Revenue growth | 10.5% | 7.7% |
| Net income | −$36.2m | $22.6m |
| Operating margin | -2.4% | — |
| Net margin | -8.5% | 6.9% |
| Return on equity | -43.9% | — |
| Free cash flow | $9.8m | — |
| Cash | $34.2m | $50.4m |
| Total debt | $21.1m | $157m |
| Debt to equity | 33.8% | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | — | 942 |
| Market value | $223m | $73.9m |
| Price vs our value range | Below our value range | — |
| Moat score | — | 45 (Weak) |
| Insider trades, 12 months | 0 buys, 0 sales | 3 buys, 4 sales |