SPWHNasdaqRetail-Miscellaneous Shopping Goods StoresFiscal year ends February 1
SPORTSMAN'S WAREHOUSE HOLDINGS, INC.
Financials through Q2 FY2026, quarter ended Aug 1, 2026Last filing: 10-Q on Sep 1, 2026
$1.04−0.01 (-0.95%)
Close on Oct 19, 2026
- Market cap
- $40.61M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
30.9%−1.9 pts over 5 years
Operating margin
-3.1%−11.5 pts over 5 years
Net margin
-4.1%−10.4 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +1.0% | -4.8% | -3.6% | +5.5% | |
| Gross profit | +0.8% | -6.7% | -4.8% | +4.6% | |
| Free cash flow | -54.7% | – | -47.3% | +19.7% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 212.4% | 58.0% | -23.6% | |
| Return on assets | 9.2% | 14.3% | -6.2% | |
| Current ratio | 1.74 | 1.43 | 1.36 | |
| Debt to equity | 4.49 | – | 0.23 | |
| Net debt to EBITDA | – | – | 24.43× | |
| Interest coverage | 4.5× | 35.0× | -2.7× | |
| Capex to revenue | 5.1% | 1.4% | 1.9% | |
| Diluted shares | 42M | 44M | 38M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Sportsman'S Warehouse generated $186.16M from operations and spent $301.35M on capital expenditure, dividends and share buybacks. 78% of that went back into the business.
Generated
$186.16M
Used
$301.35M
Capital expenditure$233.86M78%Dividends$00%Share buybacks$67.50M22%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-4.1%
×Asset turnover1.50×
×Equity multiplier3.81×
=Return on equity, FY2025-23.6%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -4.1% | 1.50× | 3.81× | -23.6% |
| FY2024 | -2.8% | 1.38× | 3.47× | -13.2% |
| FY2023 | -2.3% | 1.48× | 3.13× | -10.4% |
| FY2022 | 2.9% | 1.65× | 2.80× | 13.3% |
| FY2021 | 7.2% | 2.01× | 2.89× | 41.8% |
| FY2020 | 6.3% | 2.27× | 4.06× | 58.0% |
| FY2019 | 2.3% | 1.76× | 5.32× | 21.4% |
| FY2018 | 2.8% | 2.21× | 5.98× | 37.0% |
| FY2017 | 2.2% | 2.23× | 9.10× | 44.5% |
| FY2016 | 3.8% | 2.41× | 23.18× | 212.4% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-$50.06M
- Cash generatingOperating cash flow above zero$31.33M
- Return on assets improvedROA up on the prior year-3.7% → -5.9%
- Earnings backed by cashOperating cash flow above net income$31.33M vs -$50.06M
- Less leverageLong-term debt to assets fell2.8% → 5.8%
- Better liquidityCurrent ratio rose1.29 → 1.36
- No dilutionShare count did not rise38M → 38M
- Gross margin improvedGross margin up on the prior year30.93% → 30.89%
- More efficientAsset turnover rose1.35 → 1.42