SPWH · Sportsman'S Warehouse Holdings, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | $331.32M | $293.90M | $249.10M | $324.26M | $288.73M | $244.24M | $340.57M | $309.50M | $267.53M |
| Cost of Revenue | - | $222.60M | $199.95M | $173.46M | $221.17M | $198.72M | $170.45M | $237.38M | $208.68M | $187.49M |
| Gross Profit | - | $108.72M | $93.95M | $75.64M | $103.09M | $90.02M | $73.79M | $103.19M | $100.82M | $80.04M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | $104.45M | $97.17M | $95.26M | $99.97M | $94.34M | $94.41M | $100.11M | $102.33M | $99.00M |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | - | $9.98M | $9.92M | $10.39M | - | - | $10.38M | - | - | $8.77M |
| Operating Income | - | $4.27M | ($3.22M) | ($19.61M) | $3.12M | ($4.32M) | ($20.63M) | $3.07M | ($1.52M) | ($18.96M) |
| Interest Expense | - | $4.05M | $3.77M | $2.97M | $3.32M | $3.18M | $2.91M | $3.94M | $3.53M | $2.05M |
| Income Tax | - | $206.0K | $97.0K | ($1.33M) | $162.0K | ($2.06M) | ($5.47M) | $459.0K | ($1.76M) | ($5.37M) |
| Net Income | - | $8.0K | ($7.08M) | ($21.25M) | $364.0K | ($5.91M) | ($18.07M) | ($1.33M) | ($3.29M) | ($15.64M) |
| EPS - Basic | - | $0.00 | ($0.18) | ($0.56) | $0.01 | ($0.16) | ($0.48) | ($0.04) | ($0.09) | ($0.42) |
| EPS - Diluted | - | $0.00 | ($0.18) | ($0.56) | $0.01 | ($0.16) | ($0.48) | ($0.04) | ($0.09) | ($0.42) |
Balance Sheet
| Line item | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.66M | $2.25M | $1.80M | $3.56M | $2.67M | $2.56M | $2.17M | $2.92M | $2.89M | $3.04M |
| Accounts Receivable | $4.39M | $5.06M | $2.67M | $2.93M | $1.45M | $2.30M | $2.10M | $3.10M | $2.77M | $2.42M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $44.93M | $63.27M | $90.12M | $88.12M | $112.69M | $55.25M | $70.06M | $83.30M | $75.44M | $112.66M |
| Current Assets | $337.74M | $445.94M | $468.31M | $441.35M | $462.52M | $385.32M | $415.11M | $482.58M | $494.69M | $499.94M |
| Total Assets | $762.58M | $913.87M | $948.85M | $929.67M | $967.68M | $901.90M | $930.38M | $980.30M | $996.30M | $981.70M |
| Current Liabilities | $249.03M | $370.43M | $392.83M | $378.50M | $386.69M | $315.81M | $367.95M | $405.79M | $417.67M | $399.98M |
| Long-term Debt | $44.16M | $44.01M | $43.85M | $24.15M | $23.97M | $0 | - | - | - | - |
| Total Liabilities | $574.02M | $704.35M | $739.97M | $714.61M | $724.12M | $658.87M | $682.85M | $708.05M | $723.59M | $705.11M |
| Stockholders' Equity | $188.56M | $209.52M | $208.89M | $215.06M | $243.57M | $243.03M | $247.53M | $272.26M | $272.71M | $276.58M |
| Retained Earnings | $99.26M | $121.00M | $120.99M | $128.07M | $158.05M | $158.41M | $164.32M | $191.12M | $192.45M | $196.87M |
Cash Flow
| Line item | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | - | ($60.23M) | - | - | ($34.65M) | - | - | ($36.98M) |
| Investing Cash Flow | - | - | - | ($3.80M) | - | - | ($3.29M) | - | - | ($22.76M) |
| Financing Cash Flow | - | - | - | $64.77M | - | - | $36.97M | - | - | $60.39M |
| CapEx | - | - | - | $3.81M | - | - | $3.31M | - | - | $22.76M |
| Free Cash Flow | - | - | - | ($64.05M) | - | - | ($37.96M) | - | - | ($59.74M) |
Ratios
| Metric | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | 32.8% | 32.0% | 30.4% | 31.8% | 31.2% | 30.2% | 30.3% | 32.6% | 29.9% |
| Operating margin | - | 1.3% | -1.1% | -7.9% | 1.0% | -1.5% | -8.4% | 0.9% | -0.5% | -7.1% |
| EBITDA margin | - | 4.3% | 2.3% | -3.7% | - | - | -4.2% | - | - | -3.8% |
| Net margin | - | 0.0% | -2.4% | -8.5% | 0.1% | -2.0% | -7.4% | -0.4% | -1.1% | -5.8% |
| Free cash flow margin | - | - | - | -25.7% | - | - | -15.5% | - | - | -22.3% |
| FCF / Net income | - | - | - | 3.01 | - | - | 2.10 | - | - | 3.82 |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | 31.5% | 33.1% | 38.2% | 30.8% | 32.7% | 38.7% | 29.4% | 33.1% | 37.0% |
| Effective tax rate | - | 96.3% | - | - | 30.8% | - | - | - | - | - |
| Return on assets | - | 0.0% | -0.7% | -2.3% | 0.0% | -0.7% | -1.9% | -0.1% | -0.3% | -1.6% |
| Return on equity | - | 0.0% | -3.4% | -9.9% | 0.1% | -2.4% | -7.3% | -0.5% | -1.2% | -5.7% |
| Return on invested capital | - | 0.8% | -1.0% | -6.5% | 0.8% | -1.4% | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.36 | 1.20 | 1.19 | 1.17 | 1.20 | 1.22 | 1.13 | 1.19 | 1.18 | 1.25 |
| Quick ratio | 1.36 | 1.20 | 1.19 | 1.17 | 1.20 | 1.22 | 1.13 | 1.19 | 1.18 | 1.25 |
| Cash ratio | 0.01 | 0.01 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Leverage | ||||||||||
| Debt / Equity | 0.23 | 0.21 | 0.21 | 0.11 | 0.10 | 0.00 | - | - | - | - |
| Debt / Assets | 0.06 | 0.05 | 0.05 | 0.03 | 0.02 | 0.00 | - | - | - | - |
| Debt / EBITDA | - | 3.09 | 6.54 | - | - | - | - | - | - | - |
| Interest coverage | - | 1.1x | -0.9x | -6.6x | 0.9x | -1.4x | -7.1x | 0.8x | -0.4x | -9.3x |
| Equity multiplier | 4.04 | 4.36 | 4.54 | 4.32 | 3.97 | 3.71 | 3.76 | 3.60 | 3.65 | 3.55 |
| Liabilities / Assets | 0.75 | 0.77 | 0.78 | 0.77 | 0.75 | 0.73 | 0.73 | 0.72 | 0.73 | 0.72 |
| Efficiency | ||||||||||
| Asset turnover | - | 0.36 | 0.31 | 0.27 | 0.34 | 0.32 | 0.26 | 0.35 | 0.31 | 0.27 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | 6d | 3d | 4d | 2d | 3d | 3d | 3d | 3d | 3d |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | 104d | 165d | 185d | 186d | 101d | 150d | 128d | 132d | 219d |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | 260.0x | - | - | - | - | - |
| P / B | - | 0.5x | 0.6x | 0.3x | 0.4x | 0.4x | 0.5x | 0.7x | 0.8x | 0.8x |
| P / S | - | 0.3x | 0.4x | 0.3x | 0.3x | 0.3x | 0.5x | 0.6x | 0.7x | 0.9x |
| EV / EBITDA | - | 9.7x | 25.0x | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | 2.2% | 1.8% | 2.0% | -4.8% | -6.7% | -8.7% | -5.3% | -11.8% | -13.6% |
| Revenue CAGR (3y) | - | -2.7% | -5.7% | -7.0% | -6.8% | -7.2% | -9.3% | -4.1% | -6.7% | 2.7% |
| Revenue CAGR (5y) | - | -3.0% | -5.1% | 0.2% | 6.0% | 6.4% | - | 9.3% | 10.1% | 11.3% |
| Gross profit growth (YoY) | - | 5.5% | 4.4% | 2.5% | -0.1% | -10.7% | -7.8% | -14.6% | -14.2% | -19.2% |
| Operating income growth (YoY) | - | 37.0% | 25.6% | 4.9% | 1.4% | -185.0% | -8.8% | -83.4% | - | - |
| Net income growth (YoY) | - | -97.8% | -19.9% | -17.6% | - | -79.6% | -15.5% | - | - | - |
| EPS growth (YoY) | - | - | -12.5% | -16.7% | - | -77.8% | -14.3% | - | - | - |
| EPS CAGR (3y) | - | - | - | - | -72.7% | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | -47.0% | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | -68.7% | - | - | 36.5% | - | - | -107.1% |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -12.3% | -14.0% | -14.1% | -13.1% | -10.5% | -10.9% | -10.5% | -3.9% | -2.6% | -12.4% |
Peer comparison
Same SIC group: Retail-Miscellaneous Shopping Goods Stores
Comparing SPORTSMAN'S WAREHOUSE HOLDINGS against the 5 most active filers in the same SIC group.