Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
FIGS, Inc. is a direct-to-consumer apparel company focused on designing and selling medical scrubs and related products for healthcare professionals. The company operates within the healthcare apparel and professional workwear industries, targeting clinicians such as nurses, physicians, physician assistants, dentists, and other medical staff. FIGS’ primary revenue driver is the sale of premium-priced scrubs, complemented by underscrubs, outerwear, footwear, and accessories designed specifically for clinical environments.
The company differentiates itself through a strong brand identity, fashion-forward design, proprietary fabric technology, and a digitally native, direct-to-consumer model that emphasizes community building among healthcare professionals. FIGS was founded in 2013 by Heather Hasson and Trina Spear and initially focused on improving the quality, fit, and functionality of medical scrubs, a category that had seen limited innovation. The company went public in 2021 and has since remained focused on expanding its product portfolio and global reach while maintaining brand consistency and customer loyalty.
Business Operations
FIGS generates substantially all of its revenue through its direct-to-consumer e-commerce platform, which allows the company to control branding, customer data, and product development feedback loops. The company operates as a single reportable segment centered on healthcare apparel, with core offerings including scrubs, lab coats, compression socks, footwear, and lifestyle apparel designed for use in and out of clinical settings.
Operations are supported by a global supply chain, with third-party manufacturers and logistics providers, while design, marketing, and digital commerce capabilities are managed internally. The majority of sales are generated in the United States, with international sales representing a smaller but growing portion of revenue. FIGS does not rely on brick-and-mortar retail stores, instead leveraging limited pop-up experiences and partnerships to support brand engagement and customer acquisition.
Strategic Position & Investments
FIGS’ strategy centers on deepening its relationship with healthcare professionals, expanding product categories, and increasing penetration in international markets. Growth initiatives include new product launches beyond core scrubs, such as footwear and outerwear, as well as investments in fabric innovation, sizing inclusivity, and sustainability-related initiatives within its supply chain.
The company has historically prioritized organic growth over large-scale acquisitions, and publicly available disclosures do not indicate material acquisitions or a diversified investment portfolio. Strategic investments have focused on technology, data analytics, and marketing capabilities to support customer lifetime value and operational efficiency. FIGS continues to explore adjacent healthcare lifestyle categories while maintaining a disciplined approach to brand alignment and profitability.
Geographic Footprint
FIGS is headquartered in Santa Monica, California, and conducts business primarily in North America, which represents the majority of its revenue base. The company also serves customers in Europe, Australia, and parts of Asia, primarily through its international e-commerce platform rather than localized physical operations.
International expansion remains selective and digitally driven, with logistics and distribution partnerships enabling cross-border shipping. While FIGS does not maintain a large network of international offices, its global customer base reflects growing brand recognition among healthcare professionals outside the United States.
Leadership & Governance
FIGS is led by its co-founder and management team, with governance oversight provided by an independent board of directors. The leadership philosophy emphasizes brand authenticity, customer-centric design, and disciplined execution aligned with long-term shareholder value.
Key executives include:
- Trina Spear – Chief Executive Officer
- Heather Hasson – Co-Founder and Executive Chair
- Mike Singer – Chief Financial Officer
- Catherine Spear – Chief Brand Officer
- Jill Beraud – Chief Marketing Officer
The leadership team’s strategic vision focuses on building a globally recognized healthcare lifestyle brand while maintaining operational efficiency, strong margins, and cultural alignment with the medical community.