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SPWH · Nasdaq · United States · Retail-Miscellaneous Shopping Goods Stores
In shortSPORTSMAN'S WAREHOUSE HOLDINGS, INC. is loss-making, generates cash and carries moderate debt, with revenue stable (+1.0% last year).
Financial health
Weak
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | -3.1% | 6/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | -4.1% | 3/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | -23.6% | 0/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | -15.7% | 0/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.36× | 46/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.23× | 98/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 24.43× | 0/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | -2.72× | 0/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 1.20 | 3/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 0.7% | 23/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | – | n/a |
| Years with positive free cash flow (last 5) | 2 of 5 | 25/100 |
Weight in the score: 20%
| Profitable years (last 5) | 2 of 5 | 40/100 |
|---|---|---|
| Years of revenue decline (last 5) | 3 of 5 | 0/100 |
| Revenue growth volatility | 5.4% | 91/100 |
| Operating margin volatility | 4.1% | 72/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | -4.8% | 0/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2026 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1,506 | 1,400 | 1,288 | 1,198 | 1,209 |
| Cost of revenue | 1,016 | 939 | 905 | 827 | 836 |
| Gross profit | 490 | 460 | 383 | 370 | 374 |
| Selling, general & admin | 400 | 402 | 409 | 389 | 393 |
| Operating income | 91 | 58 | (25) | (18) | (37) |
| Interest expense | 1.4 | 4.2 | 13 | 12 | 14 |
| Pre-tax income | 144 | 54 | (38) | (31) | (51) |
| Income tax | 36 | 13 | (9.2) | 1.9 | (1.1) |
| Net income | 108 | 41 | (29) | (33) | (50) |
| Diluted EPS | $2.44 | $1.00 | −$0.77 | −$0.87 | −$1.30 |
| Diluted shares (millions) | 45 | 41 | 37 | 38 | 38 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
1.20 Grey zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
4/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Aug 1, 2026 · Data updated Sep 1, 2026