Solo Brands, Inc. (SBDS) stock analysis
Close on Oct 19, 2026Market cap $6.04MP/E –Yield –
StockData Score
Prices as of Nov 11, 2026How the score works
Weak1 of 30 checks passed
Solo Brands passes 1 of the 30 checks behind our score; 22 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.
- Valuation
- 0/6
- Growth
- 0/6
- Past performance
- 0/6
- Financial health
- 1/6
- Dividend
- 0/6
What stands out
Short-term assets cover short-term debts
Current assets are 3.06 times current liabilities.
What to watch
Return on capital under 10%
Return on invested capital was -26.3%, below the 10% that usually covers the cost of capital.
High debt
Debt is 1167% of shareholders' equity, above the 40% we consider low.
Revenue growing under 10% a year
Revenue grew -15.1% a year over the last three fiscal years, short of the 10% we look for.
Debt not well covered by cash flow
Operating cash flow over the last twelve months equals 12.7% of total debt; we look for at least 20%.
Valuation0/6
P/E against its history
Not enough price and earnings history to compare.
P/E against the industry
Needs positive earnings and enough profitable companies in the industry.
EV/EBITDA against its history
Needs positive EBITDA and price history.
P/B against the industry
Needs positive book value.
Price against fair value
We could not estimate a fair value: it needs at least two valuation methods with positive inputs.
Margin of safety
Depends on the fair value estimate.
Growth0/6
Revenue growing under 10% a year
Revenue grew -15.1% a year over the last three fiscal years, short of the 10% we look for.
EPS growth over 3 years
Needs positive EPS three years ago and today.
Earnings acceleration
Needs positive net income now, a year ago and five years ago.
Growing slower than the industry
Revenue grew -21.0% over the last twelve months; the Dolls, Toys, Games and Sporting and Athletic median is 1.9%.
Guidance issued
The latest outlook (2026 Net sales, Aug 13, 2026) was issued for the first time, so it neither adds nor takes away points.
Gross margin slipping
Gross margin was 59.0% over the last twelve months, against 59.8% a year earlier.
Past performance0/6
Return on equity
Needs positive equity and five years of results.
Return on capital under 10%
Return on invested capital was -26.3%, below the 10% that usually covers the cost of capital.
Return on equity against the industry
Needs positive equity.
Earnings over 5 years
Needs positive net income five years ago and in the latest year.
Net margin against its history
Needs five years of revenue and net income.
Net margin against the industry
Needs revenue and net income.
Financial health1/6
High debt
Debt is 1167% of shareholders' equity, above the 40% we consider low.
Debt trend
Needs a balance sheet from five years ago with positive equity.
Debt not well covered by cash flow
Operating cash flow over the last twelve months equals 12.7% of total debt; we look for at least 20%.
Interest coverage
Interest expense is not reported separately.
Short-term assets cover short-term debts
Current assets are 3.06 times current liabilities.
Bankruptcy risk (Altman Z)
Needs market value, working capital and retained earnings.
Dividend0/6
No dividend
Solo Brands has not paid a dividend in the last twelve months.
Yield against Treasuries
No dividend.
Yield against the market
No dividend.
Dividend stability
No dividend.
Earnings cover
No dividend.
Cash-flow cover
No dividend.
Fair value
How we estimate itWe don't publish a fair value for Solo Brands. It needs a US-dollar share price, at least two valuation methods with positive inputs (earnings, EBITDA, book value or sales) and, for companies with several share classes, classes that trade at the same price.
Valuation over time
Using the earnings and balance sheet published at each date, not today's.
- EV/EBITDA at month end
- Dolls, Toys, Games and Sporting and Athletic median 9.5
An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.
Margins
Share of revenue, fiscal years 2020 to 2025
Gross margin
Operating margin
Net margin
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -30.4% | -15.1% | – | – | |
| Gross profit | -27.7% | -16.1% | – | – |
Returns and balance sheet
6 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2020 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | – | |
| Return on assets | – | – | – | |
| Current ratio | 0.38 | 0.38 | 2.96 | |
| Debt to equity | – | – | 5.26 | |
| Net debt to EBITDA | – | – | -2.53× | |
| Interest coverage | – | – | -4.0× | |
| Inventory turnover | – | – | 1.4× | |
| Capex to revenue | – | – | 1.5% | |
| Diluted shares | – | – | 2M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Solo Brands generated $162.18M from operations and spent $78.04M on capital expenditure, dividends and share buybacks. 53% of that went back into the business.
DuPont analysis
Return on equity split into margin, efficiency and leverage
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2023 | -22.5% | 0.65× | 2.52× | -36.8% |
| FY2022 | -1.0% | 0.61× | 2.35× | -1.4% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
- ProfitableNet income above zero–
- Cash generatingOperating cash flow above zero-$46.60M
- Return on assets improvedROA up on the prior year– → –
- Earnings backed by cashOperating cash flow above net income-$46.60M vs –
- Less leverageLong-term debt to assets fell28.7% → 66.7%
- Better liquidityCurrent ratio rose1.41 → 2.96
- No dilutionShare count did not rise1M → 2M
- Gross margin improvedGross margin up on the prior year57.26% → 59.41%
- More efficientAsset turnover rose0.69 → 0.64
See a number that looks wrong?