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SPAR Group, Inc. (SGRP) stock analysis

SGRPOTCServices-Business Services, NECFiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 13, 2026Score 0/30
$0.65+0.00 (0.00%)

Close on Oct 19, 2026Market cap $17.06MP/E –Yield –

StockData Score

Prices as of Nov 11, 2026How the score works

Value0Growth0Performance0Health0Dividend0

Weak0 of 30 checks passed

SPAR passes 0 of the 30 checks behind our score; 16 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
0/6
Dividend
0/6

What stands out

SPAR passes none of the checks.

What to watch

  • Return on equity under 15%

    Return on equity was -179% over the last twelve months and averaged -37.6% over five years; we look for 15% on both.

  • Return on capital under 10%

    Return on invested capital was -66.1%, below the 10% that usually covers the cost of capital.

  • High debt

    Debt is 126% of shareholders' equity, above the 40% we consider low.

  • Revenue growing under 10% a year

    Revenue grew -19.5% a year over the last three fiscal years, short of the 10% we look for.

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 -19.5% 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 -8.8% over the last twelve months; the Miscellaneous Business Services median is 9.9%.

  • Guidance lowered

    SPAR lowered its full-year 2026 Selling, general, and administrative costs, excluding unusual items outlook on Aug 13, 2026.

  • Gross margin slipping

    Gross margin was 15.7% over the last twelve months, against 21.8% a year earlier.

Past performance0/6
  • Return on equity under 15%

    Return on equity was -179% over the last twelve months and averaged -37.6% over five years; we look for 15% on both.

  • Return on capital under 10%

    Return on invested capital was -66.1%, below the 10% that usually covers the cost of capital.

  • Return on equity below the industry

    SPAR's return on equity of -179% is below the Miscellaneous Business Services median of 6.8%.

  • Earnings over 5 years

    Needs positive net income five years ago and in the latest year.

  • Net margin below its 5-year average

    Net margin was -19.3% over the last twelve months, against a 5-year average of -3.5%.

  • Net margin below the industry

    SPAR's net margin of -19.3% is below the Miscellaneous Business Services median of 3.8%.

Financial health0/6
  • High debt

    Debt is 126% of shareholders' equity, above the 40% we consider low.

  • Debt rising against equity

    Debt to equity rose from 46.6% five years ago to 126%.

  • Debt not well covered by cash flow

    Operating cash flow over the last twelve months equals -374% of total debt; we look for at least 20%.

  • Interest coverage

    Interest expense is not reported separately.

  • Short-term assets don't cover short-term debts

    Current assets are 0.97 times current liabilities.

  • Bankruptcy risk (Altman Z)

    Needs market value, working capital and retained earnings.

Dividend0/6
  • No dividend

    SPAR 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.

Scores of similar companies

We don't publish a fair value for SPAR. 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.

  • P/E at month end
  • Miscellaneous Business Services median 25.8

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 2011 to 2025

Gross margin

15.9%−3.7 pts over 5 years

Operating margin

-12.4%−16.6 pts over 5 years

Net margin

-18.1%−19.6 pts over 5 years

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