GrowGeneration Corp. (GRWG) 10-Year Financial Performance & Capital Metrics

GRWG • • Industrial / General

Consumer CyclicalSpecialty RetailHome Goods & FurnishingsHome Improvement & Organization

AboutGrowGeneration Corp., through its subsidiaries, owns and operates retail hydroponic and organic gardening stores in the United States. It engages in the marketing and distribution of nutrients, growing media, advanced indoor and greenhouse lighting, environmental control systems, vertical benching, and accessories for hydroponic gardening, as well as other indoor and outdoor growing products. The company serves commercial and urban cultivators growing specialty crops, including organics, greens, and plant-based medicines. As of March 01, 2022, it operated a chain of 63 stores, which includes 23 in California, 8 in Colorado, 7 in Michigan, 5 in Maine, 6 in Oklahoma, 4 in Oregon, 3 in Washington, 2 in Nevada, 1 in Arizona, 1 in Rhode Island, 1 in Florida, 1 in Massachusetts, and 1 in New Mexico, as well as growgeneration.com, an online superstore for cultivators. The company was formerly known as Easylife Corp. GrowGeneration Corp. was founded in 2008 and is based in Greenwood Village, Colorado.Show more

Revenue $189M -16.4%
EBITDA -$33M +2.1%
Net Income -$50M -6.5%
EPS (Diluted) -0.82 -7.9%
Gross Margin 23.15% -14.6%
EBITDA Margin -17.23% -17.1%
Operating Margin -27.52% -24.7%
Net Margin -26.21% -27.4%
ROE -33.74% -41.4%
ROIC -24.69% -35.8%
Debt/Equity 0.31 +25.9%
Interest Coverage -742.46 -44.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 18.8%
✓Trading at only 0.8x book value
✓Efficient asset utilization: 1.1x turnover

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y62.81%

5Y18.82%

3Y-23.54%

TTM-19.68%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM25.27%

EPS CAGR

10Y-

5Y-

3Y-

TTM22.65%

ROCE

10Y Avg-21.31%

5Y Avg-18.42%

3Y Avg-33.51%

Latest-29.02%

Peer Comparison

Home Improvement & Organization

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
HOURHour Loop, Inc.	65.25M	1.86	99.20	4.64%	0.59%	10.89%	0.42%	0.14
RHRh	4.2B	223.58	61.76	5.01%	3.22%	32.85%
WSMWilliams-Sonoma, Inc.	25.07B	210.00	23.89	-0.5%	13.97%	53.45%	4.54%	0.63
BWMXBetterware de México, S.A.P.I. de C.V.	613.48M	16.44	0.86	8.39%	7.21%	79.36%	100%	4.45
TBHCThe Brand House Collective, Inc.	30.32M	1.35	-0.76	-5.83%	-7.56%
IPWiPower Inc.	7.03M	6.13	-1.29	-23.15%	-5.87%	-19.38%		0.44
BBBYBed Bath & Beyond Inc.	495.81M	7.20	-1.29	-10.64%	-13.5%	-71.45%		0.20
GRWGGrowGeneration Corp.	90.36M	1.51	-1.84	-16.39%	-24.77%	-38.17%		0.31

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	3.46M	7.98M	14.36M	29M	79.73M	193.37M	422.49M	278.17M	225.88M	188.87M
Revenue Growth %	1.39%	1.31%	0.8%	1.02%	1.75%	1.43%	1.18%	-0.34%	-0.19%	-0.16%
Cost of Goods Sold+	2.35M	5.78M	11.09M	22.56M	57.73M	142.32M	304.25M	207.9M	164.62M	145.14M
COGS % of Revenue	0.68%	0.72%	0.77%	0.78%	0.72%	0.74%	0.72%	0.75%	0.73%	0.77%
Gross Profit+	1.1M	2.2M	3.27M	6.44M	22M	51.05M	118.24M	70.26M	61.26M	43.72M
Gross Margin %	0.32%	0.28%	0.23%	0.22%	0.28%	0.26%	0.28%	0.25%	0.27%	0.23%
Gross Profit Growth %	1.36%	1%	0.48%	0.97%	2.41%	1.32%	1.32%	-0.41%	-0.13%	-0.29%
Operating Expenses+	1.6M	2.54M	6.12M	10.7M	20.42M	42.61M	103.24M	238.14M	111.1M	95.69M
OpEx % of Revenue	0.46%	0.32%	0.43%	0.37%	0.26%	0.22%	0.24%	0.86%	0.49%	0.51%
Selling, General & Admin	1.44M	2.18M	3.01M	5.15M	9.28M	20.87M	40.9M	36.76M	29.8M	68.34M
SG&A % of Revenue	0.42%	0.27%	0.21%	0.18%	0.12%	0.11%	0.1%	0.13%	0.13%	0.36%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-11.22K	357.55K	1.21K	115.88K	11.14M	21.74M	62.34M	201.38M	81.3M	27.36M
Operating Income+	-514.62K	-425.99K	-2.85M	-4.26M	1.58M	8.44M	15M	-167.88M	-49.84M	-51.97M
Operating Margin %	-0.15%	-0.05%	-0.2%	-0.15%	0.02%	0.04%	0.04%	-0.6%	-0.22%	-0.28%
Operating Income Growth %	-1.29%	0.17%	-5.69%	-0.49%	1.37%	4.33%	0.78%	-12.19%	0.7%	-0.04%
EBITDA+	-498.18K	-373.03K	-2.7M	-3.9M	2.63M	10.87M	27.6M	-150.74M	-33.24M	-32.54M
EBITDA Margin %	-0.14%	-0.05%	-0.19%	-0.13%	0.03%	0.06%	0.07%	-0.54%	-0.15%	-0.17%
EBITDA Growth %	-1.26%	0.25%	-6.24%	-0.45%	1.67%	3.14%	1.54%	-6.46%	0.78%	0.02%
D&A (Non-Cash Add-back)	16.44K	52.96K	151.56K	351.07K	1.04M	2.44M	12.6M	17.13M	16.61M	19.44M
EBIT	-525.84K	-425.99K	-2.53M	-4.06M	1.72M	8.59M	15.27M	-166.61M	-46.37M	-49.28M
Net Interest Income+	2.92K	-5.25K	-15.34K	-933.98K	-256K	30K	443K	559K	2.6M	2.63M
Interest Income	2.92K	0	0	79.18K	144.72K	43.93K	486K	580K	2.7M	2.7M
Interest Expense	0	5.25K	15.34K	1.01M	401.5K	14.05K	43K	21K	97K	70K
Other Income/Expense	-10.92K	-5.25K	307.93K	-818.11K	-261K	142K	227K	1.24M	3.38M	2.62M
Pretax Income+	-528.76K	-431.24K	-2.54M	-5.07M	1.32M	8.58M	15.23M	-166.63M	-46.46M	-49.35M
Pretax Margin %	-0.15%	-0.05%	-0.18%	-0.17%	0.02%	0.04%	0.04%	-0.6%	-0.21%	-0.26%
Income Tax+	0	0	16.55K	0	0	3.25M	2.44M	-2.88M	32K	158K
Effective Tax Rate %	1%	1%	1%	1%	1%	0.62%	0.84%	0.98%	1%	1%
Net Income+	-528.76K	-431.24K	-2.54M	-5.07M	1.32M	5.33M	12.79M	-163.75M	-46.5M	-49.51M
Net Margin %	-0.15%	-0.05%	-0.18%	-0.17%	0.02%	0.03%	0.03%	-0.59%	-0.21%	-0.26%
Net Income Growth %	-1.32%	0.18%	-4.9%	-1%	1.26%	3.03%	1.4%	-13.81%	0.72%	-0.06%
Net Income (Continuing)	-528.76K	-431.24K	-2.54M	-5.07M	1.32M	5.33M	12.79M	-163.75M	-46.5M	-49.51M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.04	-0.05	-0.18	-0.22	0.04	0.11	0.21	-2.69	-0.76	-0.82
EPS Growth %	-0.17%	-0.06%	-2.82%	-0.22%	1.2%	1.52%	0.91%	-13.81%	0.72%	-0.08%
EPS (Basic)	-0.04	-0.05	-0.18	-0.22	0.05	0.12	0.22	-2.69	-0.76	-0.82
Diluted Shares Outstanding	11.89M	9.15M	14.51M	23.49M	33.91M	46.46M	60.46M	60.81M	61.18M	60.18M
Basic Shares Outstanding	11.89M	9.15M	14.13M	23.06M	32.83M	43.94M	59.22M	60.81M	61.18M	60.18M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	2.07M	3.61M	7.17M	24.98M	41.1M	250.23M	216.89M	170.68M	147.45M	113.21M
Cash & Short-Term Investments	699.42K	606.64K	1.22M	14.64M	12.98M	177.91M	81.17M	71.91M	64.97M	56.45M
Cash Only	699.42K	606.64K	1.22M	14.64M	12.98M	177.91M	41.37M	40.05M	29.76M	27.47M
Short-Term Investments	0	0	0	0	0	0	39.79M	31.85M	35.21M	28.98M
Accounts Receivable	37.55K	391.24K	653.57K	862.4K	3.99M	3.9M	8.18M	9.55M	9.09M	8.42M
Days Sales Outstanding	3.97	17.89	16.61	10.85	18.27	7.36	7.07	12.53	14.69	16.27
Inventory	1.31M	2.57M	4.59M	8.87M	21.58M	54.02M	105.57M	77.09M	64.91M	40.3M
Days Inventory Outstanding	203.56	162.68	150.86	143.52	136.42	138.56	126.65	135.34	143.91	101.33
Other Current Assets	2.95K	0	711.85K	0	0	3.27M	16.12M	6.46M	7.97M	7.9M
Total Non-Current Assets+	541.47K	835.38K	2.09M	10.92M	29.84M	104.5M	242.45M	122.76M	91.64M	61.14M
Property, Plant & Equipment	271.24K	549.85K	1.26M	1.82M	10.97M	19.5M	67.85M	75.1M	66.98M	49.95M
Fixed Asset Turnover	12.74x	14.51x	11.40x	15.93x	7.27x	9.91x	6.23x	3.70x	3.37x	3.78x
Goodwill	243K	243K	592.5K	8.75M	17.8M	62.95M	125.4M	15.98M	7.53M	1.6M
Intangible Assets	0	0	53.29K	114.16K	233.28K	20.55M	48.4M	30.88M	16.18M	8.78M
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	27.23K	42.53K	183.11K	227.21K	841.11K	1.5M	800K	803K	949K	814K
Total Assets+	2.61M	4.44M	9.25M	35.89M	70.94M	354.73M	459.34M	293.44M	239.09M	174.35M
Asset Turnover	1.32x	1.80x	1.55x	0.81x	1.12x	0.55x	0.92x	0.95x	0.94x	1.08x
Asset Growth %	2.45%	0.7%	1.08%	2.88%	0.98%	4%	0.29%	-0.36%	-0.19%	-0.27%
Total Current Liabilities+	438.56K	842.92K	1.59M	3.41M	12.08M	27.35M	47.08M	35.79M	30.93M	24.27M
Accounts Payable	292.08K	643.79K	1.07M	1.82M	6.02M	14.62M	17.03M	15.73M	11.67M	8.15M
Days Payables Outstanding	45.33	40.68	35.13	29.44	38.09	37.5	20.43	27.61	25.87	20.49
Short-Term Debt	62.05K	23.44K	41.71K	436.81K	110.23K	83K	92K	50K	0	0
Deferred Revenue (Current)	18.41K	51.67K	92.35K	516.04K	1000K	0	1000K	1000K	1000K	1000K
Other Current Liabilities	0	98.61K	235.6K	708K	0	5.16M	0	0	0	0
Current Ratio	4.72x	4.28x	4.50x	7.31x	3.40x	9.15x	4.61x	4.77x	4.77x	4.66x
Quick Ratio	1.73x	1.23x	1.62x	4.72x	1.62x	7.17x	2.36x	2.61x	2.67x	3.00x
Cash Conversion Cycle	162.2	139.89	132.33	124.94	116.6	108.42	113.28	120.26	132.73	97.11
Total Non-Current Liabilities+	18.13K	41.73K	82.54K	2.42M	6.05M	10.39M	40.97M	41.25M	34.77M	29.98M
Long-Term Debt	18.13K	41.73K	82.54K	2.42M	242.08K	158K	66K	0	0	0
Capital Lease Obligations	0	41.73K	0	0	5.81M	9.48M	38.55M	40.66M	34.45M	29.63M
Deferred Tax Liabilities	0	0	0	0	0	0	2.36M	0	0	0
Other Non-Current Liabilities	0	-41.73K	0	0	0	750K	0	593K	317K	352K
Total Liabilities	456.69K	884.64K	1.68M	5.83M	18.13M	37.74M	88.05M	77.05M	65.69M	54.26M
Total Debt+	80.18K	173.05K	124.24K	2.86M	8M	12.72M	45.56M	48.84M	42.47M	37.03M
Net Debt	-619.23K	-433.6K	-1.09M	-11.78M	-4.98M	-165.19M	4.19M	8.79M	12.71M	9.56M
Debt / Equity	0.04x	0.05x	0.02x	0.10x	0.15x	0.04x	0.12x	0.23x	0.24x	0.31x
Debt / EBITDA	-	-	-	-	3.04x	1.17x	1.65x	-	-	-
Net Debt / EBITDA	-	-	-	-	-1.90x	-15.19x	0.15x	-	-	-
Interest Coverage	-	-81.13x	-185.83x	-4.20x	3.94x	600.37x	348.88x	-7994.05x	-513.86x	-742.46x
Total Equity+	2.15M	3.56M	7.58M	30.06M	52.81M	317M	371.29M	216.4M	173.4M	120.09M
Equity Growth %	2.94%	0.65%	1.13%	2.97%	0.76%	5%	0.17%	-0.42%	-0.2%	-0.31%
Book Value per Share	0.18	0.39	0.52	1.28	1.56	6.82	6.14	3.56	2.83	2.00
Total Shareholders' Equity	2.15M	3.56M	7.58M	30.06M	52.81M	317M	371.29M	216.4M	173.4M	120.09M
Common Stock	8.97K	11.74K	16.85K	27.95K	36.88K	57K	60K	61K	61K	59K
Retained Earnings	-718.41K	-1.15M	-3.69M	-8.77M	-7.97M	-2.64M	10.14M	-153.6M	-200.1M	-255.64M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-1.14M	-1.47M	-3.41M	-1.54M	-3.34M	-213K	5.16M	11.95M	1.42M	-1.8M
Operating CF Margin %	-0.33%	-0.18%	-0.24%	-0.05%	-0.04%	-0%	0.01%	0.04%	0.01%	-0.01%
Operating CF Growth %	-20.31%	-0.3%	-1.32%	0.55%	-1.17%	0.94%	25.22%	1.32%	-0.88%	-2.27%
Net Income	-528.76K	-431.24K	-2.54M	-5.07M	1.32M	5.33M	12.79M	-163.75M	-46.5M	-49.51M
Depreciation & Amortization	16.44K	52.96K	151.56K	351.07K	1.04M	2.44M	12.6M	17.13M	16.61M	19.44M
Stock-Based Compensation	229.95K	184.33K	1.08M	1.9M	2.49M	7.86M	6.58M	4.97M	3.17M	2.42M
Deferred Taxes	9.79K	35.53K	50K	188.86K	0	750K	1.61M	-2.36M	0	0
Other Non-Cash Items	38.5K	35K	73.65K	989.6K	461K	453K	1.63M	130.14M	15.39M	6.18M
Working Capital Changes	-901.56K	-1.35M	-2.22M	107.98K	-8.66M	-17.04M	-30.05M	25.82M	12.74M	19.68M
Change in Receivables	-38.65K	-395.21K	-312.33K	-244.29K	-3.77M	-3.84M	-1.9M	-3.11M	-300K	835K
Change in Inventory	-1M	-1.26M	-2.08M	-792.58K	-9.5M	-19.19M	-34.69M	32.89M	13.77M	24.56M
Change in Payables	124.31K	243.84K	494.09K	514.15K	4.17M	9.99M	3.29M	-3.36M	-3.04M	-3.71M
Cash from Investing+	-253.72K	-331.58K	-1.18M	-6.37M	-11.81M	-45.83M	-139.32M	-11.57M	-11.4M	5.73M
Capital Expenditures	-253.72K	-331.58K	-1.18M	-686.9K	-2.23M	-3.4M	-18.74M	-12.9M	-6.7M	-1.98M
CapEx % of Revenue	0.07%	0.04%	0.08%	0.02%	0.03%	0.02%	0.04%	0.05%	0.03%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	-331.58M	-1.18B	-6.37B	-119K	-1.03M	0	612K	265K	0
Cash from Financing+	1.98M	1.71M	5.19M	21.33M	13.49M	210.98M	-2.38M	-1.69M	-313K	-6.21M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	0	0	0	0	-119K	-4.39M	0	0	-176K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-1.39M	-1.8M	-4.59M	-2.23M	-5.69M	-4.64M	-13.58M	-948K	-5.28M	-3.78M
FCF Margin %	-0.4%	-0.23%	-0.32%	-0.08%	-0.07%	-0.02%	-0.03%	-0%	-0.02%	-0.02%
FCF Growth %	-23.67%	-0.3%	-1.54%	0.51%	-1.55%	0.18%	-1.93%	0.93%	-4.57%	0.28%
FCF per Share	-0.12	-0.20	-0.32	-0.09	-0.17	-0.10	-0.22	-0.02	-0.09	-0.06
FCF Conversion (FCF/Net Income)	2.15x	3.41x	1.34x	0.30x	-2.53x	-0.04x	0.40x	-0.07x	-0.03x	0.04x
Interest Paid	0	0	0	0	45K	14K	43K	0	98K	70K
Taxes Paid	0	0	0	0	0	3.16M	6.07M	0	93K	125K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-39.17%	-15.1%	-45.66%	-26.96%	3.19%	2.88%	3.72%	-55.73%	-23.86%	-33.74%
Return on Invested Capital (ROIC)	-39.03%	-13.72%	-44.48%	-25.78%	3.59%	6.34%	4.27%	-41.92%	-18.18%	-24.69%
Gross Margin	31.93%	27.62%	22.76%	22.22%	27.6%	26.4%	27.99%	25.26%	27.12%	23.15%
Net Margin	-15.3%	-5.4%	-17.7%	-17.5%	1.66%	2.76%	3.03%	-58.87%	-20.58%	-26.21%
Debt / Equity	0.04x	0.05x	0.02x	0.10x	0.15x	0.04x	0.12x	0.23x	0.24x	0.31x
Interest Coverage	-	-81.13x	-185.83x	-4.20x	3.94x	600.37x	348.88x	-7994.05x	-513.86x	-742.46x
FCF Conversion	2.15x	3.41x	1.34x	0.30x	-2.53x	-0.04x	0.40x	-0.07x	-0.03x	0.04x
Revenue Growth	139.47%	130.97%	79.99%	101.9%	174.94%	142.51%	118.49%	-34.16%	-18.8%	-16.39%

Revenue by Segment

	2021	2022	2023	2024
Storage Solutions	-	-	31.42M	25.36M
Storage Solutions Growth	-	-	-	-19.29%
Retail	-	205.52M	-	-
Retail Growth	-	-	-	-
Distribution And Other	-	57.58M	-	-
Distribution And Other Growth	-	-	-	-
Ecommerce	-	15.07M	-	-
Ecommerce Growth	-	-	-	-
Sales At Company Owned Stores	369.2M	-	-	-
Sales At Company Owned Stores Growth	-	-	-	-
Ecommerce Sales	36.2M	-	-	-
Ecommerce Sales Growth	-	-	-	-
Distribution	17.09M	-	-	-
Distribution Growth	-	-	-	-

Frequently Asked Questions

Growth & Financials

GrowGeneration Corp. (GRWG) reported $161.4M in revenue for fiscal year 2024. This represents a 11083% increase from $1.4M in 2014.

GrowGeneration Corp. (GRWG) saw revenue decline by 16.4% over the past year.

GrowGeneration Corp. (GRWG) reported a net loss of $40.0M for fiscal year 2024.

Dividend & Returns

GrowGeneration Corp. (GRWG) has a return on equity (ROE) of -33.7%. Negative ROE indicates the company is unprofitable.

GrowGeneration Corp. (GRWG) had negative free cash flow of $6.7M in fiscal year 2024, likely due to heavy capital investments.

US Stock Screener

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GrowGeneration Corp. (GRWG) 10-Year Financial Performance & Capital Metrics

GRWG • • Industrial / General

Consumer CyclicalSpecialty RetailHome Goods & FurnishingsHome Improvement & Organization

Revenue $189M -16.4%
EBITDA -$33M +2.1%
Net Income -$50M -6.5%
EPS (Diluted) -0.82 -7.9%
Gross Margin 23.15% -14.6%
EBITDA Margin -17.23% -17.1%
Operating Margin -27.52% -24.7%
Net Margin -26.21% -27.4%
ROE -33.74% -41.4%
ROIC -24.69% -35.8%
Debt/Equity 0.31 +25.9%
Interest Coverage -742.46 -44.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 18.8%
✓Trading at only 0.8x book value
✓Efficient asset utilization: 1.1x turnover

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y62.81%

5Y18.82%

3Y-23.54%

TTM-19.68%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM25.27%

EPS CAGR

10Y-

5Y-

3Y-

TTM22.65%

ROCE

10Y Avg-21.31%

5Y Avg-18.42%

3Y Avg-33.51%

Latest-29.02%

Peer Comparison

Home Improvement & Organization

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
HOURHour Loop, Inc.	65.25M	1.86	99.20	4.64%	0.59%	10.89%	0.42%	0.14
RHRh	4.2B	223.58	61.76	5.01%	3.22%	32.85%
WSMWilliams-Sonoma, Inc.	25.07B	210.00	23.89	-0.5%	13.97%	53.45%	4.54%	0.63
BWMXBetterware de México, S.A.P.I. de C.V.	613.48M	16.44	0.86	8.39%	7.21%	79.36%	100%	4.45
TBHCThe Brand House Collective, Inc.	30.32M	1.35	-0.76	-5.83%	-7.56%
IPWiPower Inc.	7.03M	6.13	-1.29	-23.15%	-5.87%	-19.38%		0.44
BBBYBed Bath & Beyond Inc.	495.81M	7.20	-1.29	-10.64%	-13.5%	-71.45%		0.20
GRWGGrowGeneration Corp.	90.36M	1.51	-1.84	-16.39%	-24.77%	-38.17%		0.31

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	3.46M	7.98M	14.36M	29M	79.73M	193.37M	422.49M	278.17M	225.88M	188.87M
Revenue Growth %	1.39%	1.31%	0.8%	1.02%	1.75%	1.43%	1.18%	-0.34%	-0.19%	-0.16%
Cost of Goods Sold+	2.35M	5.78M	11.09M	22.56M	57.73M	142.32M	304.25M	207.9M	164.62M	145.14M
COGS % of Revenue	0.68%	0.72%	0.77%	0.78%	0.72%	0.74%	0.72%	0.75%	0.73%	0.77%
Gross Profit+	1.1M	2.2M	3.27M	6.44M	22M	51.05M	118.24M	70.26M	61.26M	43.72M
Gross Margin %	0.32%	0.28%	0.23%	0.22%	0.28%	0.26%	0.28%	0.25%	0.27%	0.23%
Gross Profit Growth %	1.36%	1%	0.48%	0.97%	2.41%	1.32%	1.32%	-0.41%	-0.13%	-0.29%
Operating Expenses+	1.6M	2.54M	6.12M	10.7M	20.42M	42.61M	103.24M	238.14M	111.1M	95.69M
OpEx % of Revenue	0.46%	0.32%	0.43%	0.37%	0.26%	0.22%	0.24%	0.86%	0.49%	0.51%
Selling, General & Admin	1.44M	2.18M	3.01M	5.15M	9.28M	20.87M	40.9M	36.76M	29.8M	68.34M
SG&A % of Revenue	0.42%	0.27%	0.21%	0.18%	0.12%	0.11%	0.1%	0.13%	0.13%	0.36%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-11.22K	357.55K	1.21K	115.88K	11.14M	21.74M	62.34M	201.38M	81.3M	27.36M
Operating Income+	-514.62K	-425.99K	-2.85M	-4.26M	1.58M	8.44M	15M	-167.88M	-49.84M	-51.97M
Operating Margin %	-0.15%	-0.05%	-0.2%	-0.15%	0.02%	0.04%	0.04%	-0.6%	-0.22%	-0.28%
Operating Income Growth %	-1.29%	0.17%	-5.69%	-0.49%	1.37%	4.33%	0.78%	-12.19%	0.7%	-0.04%
EBITDA+	-498.18K	-373.03K	-2.7M	-3.9M	2.63M	10.87M	27.6M	-150.74M	-33.24M	-32.54M
EBITDA Margin %	-0.14%	-0.05%	-0.19%	-0.13%	0.03%	0.06%	0.07%	-0.54%	-0.15%	-0.17%
EBITDA Growth %	-1.26%	0.25%	-6.24%	-0.45%	1.67%	3.14%	1.54%	-6.46%	0.78%	0.02%
D&A (Non-Cash Add-back)	16.44K	52.96K	151.56K	351.07K	1.04M	2.44M	12.6M	17.13M	16.61M	19.44M
EBIT	-525.84K	-425.99K	-2.53M	-4.06M	1.72M	8.59M	15.27M	-166.61M	-46.37M	-49.28M
Net Interest Income+	2.92K	-5.25K	-15.34K	-933.98K	-256K	30K	443K	559K	2.6M	2.63M
Interest Income	2.92K	0	0	79.18K	144.72K	43.93K	486K	580K	2.7M	2.7M
Interest Expense	0	5.25K	15.34K	1.01M	401.5K	14.05K	43K	21K	97K	70K
Other Income/Expense	-10.92K	-5.25K	307.93K	-818.11K	-261K	142K	227K	1.24M	3.38M	2.62M
Pretax Income+	-528.76K	-431.24K	-2.54M	-5.07M	1.32M	8.58M	15.23M	-166.63M	-46.46M	-49.35M
Pretax Margin %	-0.15%	-0.05%	-0.18%	-0.17%	0.02%	0.04%	0.04%	-0.6%	-0.21%	-0.26%
Income Tax+	0	0	16.55K	0	0	3.25M	2.44M	-2.88M	32K	158K
Effective Tax Rate %	1%	1%	1%	1%	1%	0.62%	0.84%	0.98%	1%	1%
Net Income+	-528.76K	-431.24K	-2.54M	-5.07M	1.32M	5.33M	12.79M	-163.75M	-46.5M	-49.51M
Net Margin %	-0.15%	-0.05%	-0.18%	-0.17%	0.02%	0.03%	0.03%	-0.59%	-0.21%	-0.26%
Net Income Growth %	-1.32%	0.18%	-4.9%	-1%	1.26%	3.03%	1.4%	-13.81%	0.72%	-0.06%
Net Income (Continuing)	-528.76K	-431.24K	-2.54M	-5.07M	1.32M	5.33M	12.79M	-163.75M	-46.5M	-49.51M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.04	-0.05	-0.18	-0.22	0.04	0.11	0.21	-2.69	-0.76	-0.82
EPS Growth %	-0.17%	-0.06%	-2.82%	-0.22%	1.2%	1.52%	0.91%	-13.81%	0.72%	-0.08%
EPS (Basic)	-0.04	-0.05	-0.18	-0.22	0.05	0.12	0.22	-2.69	-0.76	-0.82
Diluted Shares Outstanding	11.89M	9.15M	14.51M	23.49M	33.91M	46.46M	60.46M	60.81M	61.18M	60.18M
Basic Shares Outstanding	11.89M	9.15M	14.13M	23.06M	32.83M	43.94M	59.22M	60.81M	61.18M	60.18M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	2.07M	3.61M	7.17M	24.98M	41.1M	250.23M	216.89M	170.68M	147.45M	113.21M
Cash & Short-Term Investments	699.42K	606.64K	1.22M	14.64M	12.98M	177.91M	81.17M	71.91M	64.97M	56.45M
Cash Only	699.42K	606.64K	1.22M	14.64M	12.98M	177.91M	41.37M	40.05M	29.76M	27.47M
Short-Term Investments	0	0	0	0	0	0	39.79M	31.85M	35.21M	28.98M
Accounts Receivable	37.55K	391.24K	653.57K	862.4K	3.99M	3.9M	8.18M	9.55M	9.09M	8.42M
Days Sales Outstanding	3.97	17.89	16.61	10.85	18.27	7.36	7.07	12.53	14.69	16.27
Inventory	1.31M	2.57M	4.59M	8.87M	21.58M	54.02M	105.57M	77.09M	64.91M	40.3M
Days Inventory Outstanding	203.56	162.68	150.86	143.52	136.42	138.56	126.65	135.34	143.91	101.33
Other Current Assets	2.95K	0	711.85K	0	0	3.27M	16.12M	6.46M	7.97M	7.9M
Total Non-Current Assets+	541.47K	835.38K	2.09M	10.92M	29.84M	104.5M	242.45M	122.76M	91.64M	61.14M
Property, Plant & Equipment	271.24K	549.85K	1.26M	1.82M	10.97M	19.5M	67.85M	75.1M	66.98M	49.95M
Fixed Asset Turnover	12.74x	14.51x	11.40x	15.93x	7.27x	9.91x	6.23x	3.70x	3.37x	3.78x
Goodwill	243K	243K	592.5K	8.75M	17.8M	62.95M	125.4M	15.98M	7.53M	1.6M
Intangible Assets	0	0	53.29K	114.16K	233.28K	20.55M	48.4M	30.88M	16.18M	8.78M
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	27.23K	42.53K	183.11K	227.21K	841.11K	1.5M	800K	803K	949K	814K
Total Assets+	2.61M	4.44M	9.25M	35.89M	70.94M	354.73M	459.34M	293.44M	239.09M	174.35M
Asset Turnover	1.32x	1.80x	1.55x	0.81x	1.12x	0.55x	0.92x	0.95x	0.94x	1.08x
Asset Growth %	2.45%	0.7%	1.08%	2.88%	0.98%	4%	0.29%	-0.36%	-0.19%	-0.27%
Total Current Liabilities+	438.56K	842.92K	1.59M	3.41M	12.08M	27.35M	47.08M	35.79M	30.93M	24.27M
Accounts Payable	292.08K	643.79K	1.07M	1.82M	6.02M	14.62M	17.03M	15.73M	11.67M	8.15M
Days Payables Outstanding	45.33	40.68	35.13	29.44	38.09	37.5	20.43	27.61	25.87	20.49
Short-Term Debt	62.05K	23.44K	41.71K	436.81K	110.23K	83K	92K	50K	0	0
Deferred Revenue (Current)	18.41K	51.67K	92.35K	516.04K	1000K	0	1000K	1000K	1000K	1000K
Other Current Liabilities	0	98.61K	235.6K	708K	0	5.16M	0	0	0	0
Current Ratio	4.72x	4.28x	4.50x	7.31x	3.40x	9.15x	4.61x	4.77x	4.77x	4.66x
Quick Ratio	1.73x	1.23x	1.62x	4.72x	1.62x	7.17x	2.36x	2.61x	2.67x	3.00x
Cash Conversion Cycle	162.2	139.89	132.33	124.94	116.6	108.42	113.28	120.26	132.73	97.11
Total Non-Current Liabilities+	18.13K	41.73K	82.54K	2.42M	6.05M	10.39M	40.97M	41.25M	34.77M	29.98M
Long-Term Debt	18.13K	41.73K	82.54K	2.42M	242.08K	158K	66K	0	0	0
Capital Lease Obligations	0	41.73K	0	0	5.81M	9.48M	38.55M	40.66M	34.45M	29.63M
Deferred Tax Liabilities	0	0	0	0	0	0	2.36M	0	0	0
Other Non-Current Liabilities	0	-41.73K	0	0	0	750K	0	593K	317K	352K
Total Liabilities	456.69K	884.64K	1.68M	5.83M	18.13M	37.74M	88.05M	77.05M	65.69M	54.26M
Total Debt+	80.18K	173.05K	124.24K	2.86M	8M	12.72M	45.56M	48.84M	42.47M	37.03M
Net Debt	-619.23K	-433.6K	-1.09M	-11.78M	-4.98M	-165.19M	4.19M	8.79M	12.71M	9.56M
Debt / Equity	0.04x	0.05x	0.02x	0.10x	0.15x	0.04x	0.12x	0.23x	0.24x	0.31x
Debt / EBITDA	-	-	-	-	3.04x	1.17x	1.65x	-	-	-
Net Debt / EBITDA	-	-	-	-	-1.90x	-15.19x	0.15x	-	-	-
Interest Coverage	-	-81.13x	-185.83x	-4.20x	3.94x	600.37x	348.88x	-7994.05x	-513.86x	-742.46x
Total Equity+	2.15M	3.56M	7.58M	30.06M	52.81M	317M	371.29M	216.4M	173.4M	120.09M
Equity Growth %	2.94%	0.65%	1.13%	2.97%	0.76%	5%	0.17%	-0.42%	-0.2%	-0.31%
Book Value per Share	0.18	0.39	0.52	1.28	1.56	6.82	6.14	3.56	2.83	2.00
Total Shareholders' Equity	2.15M	3.56M	7.58M	30.06M	52.81M	317M	371.29M	216.4M	173.4M	120.09M
Common Stock	8.97K	11.74K	16.85K	27.95K	36.88K	57K	60K	61K	61K	59K
Retained Earnings	-718.41K	-1.15M	-3.69M	-8.77M	-7.97M	-2.64M	10.14M	-153.6M	-200.1M	-255.64M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-1.14M	-1.47M	-3.41M	-1.54M	-3.34M	-213K	5.16M	11.95M	1.42M	-1.8M
Operating CF Margin %	-0.33%	-0.18%	-0.24%	-0.05%	-0.04%	-0%	0.01%	0.04%	0.01%	-0.01%
Operating CF Growth %	-20.31%	-0.3%	-1.32%	0.55%	-1.17%	0.94%	25.22%	1.32%	-0.88%	-2.27%
Net Income	-528.76K	-431.24K	-2.54M	-5.07M	1.32M	5.33M	12.79M	-163.75M	-46.5M	-49.51M
Depreciation & Amortization	16.44K	52.96K	151.56K	351.07K	1.04M	2.44M	12.6M	17.13M	16.61M	19.44M
Stock-Based Compensation	229.95K	184.33K	1.08M	1.9M	2.49M	7.86M	6.58M	4.97M	3.17M	2.42M
Deferred Taxes	9.79K	35.53K	50K	188.86K	0	750K	1.61M	-2.36M	0	0
Other Non-Cash Items	38.5K	35K	73.65K	989.6K	461K	453K	1.63M	130.14M	15.39M	6.18M
Working Capital Changes	-901.56K	-1.35M	-2.22M	107.98K	-8.66M	-17.04M	-30.05M	25.82M	12.74M	19.68M
Change in Receivables	-38.65K	-395.21K	-312.33K	-244.29K	-3.77M	-3.84M	-1.9M	-3.11M	-300K	835K
Change in Inventory	-1M	-1.26M	-2.08M	-792.58K	-9.5M	-19.19M	-34.69M	32.89M	13.77M	24.56M
Change in Payables	124.31K	243.84K	494.09K	514.15K	4.17M	9.99M	3.29M	-3.36M	-3.04M	-3.71M
Cash from Investing+	-253.72K	-331.58K	-1.18M	-6.37M	-11.81M	-45.83M	-139.32M	-11.57M	-11.4M	5.73M
Capital Expenditures	-253.72K	-331.58K	-1.18M	-686.9K	-2.23M	-3.4M	-18.74M	-12.9M	-6.7M	-1.98M
CapEx % of Revenue	0.07%	0.04%	0.08%	0.02%	0.03%	0.02%	0.04%	0.05%	0.03%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	-331.58M	-1.18B	-6.37B	-119K	-1.03M	0	612K	265K	0
Cash from Financing+	1.98M	1.71M	5.19M	21.33M	13.49M	210.98M	-2.38M	-1.69M	-313K	-6.21M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	0	0	0	0	-119K	-4.39M	0	0	-176K
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-1.39M	-1.8M	-4.59M	-2.23M	-5.69M	-4.64M	-13.58M	-948K	-5.28M	-3.78M
FCF Margin %	-0.4%	-0.23%	-0.32%	-0.08%	-0.07%	-0.02%	-0.03%	-0%	-0.02%	-0.02%
FCF Growth %	-23.67%	-0.3%	-1.54%	0.51%	-1.55%	0.18%	-1.93%	0.93%	-4.57%	0.28%
FCF per Share	-0.12	-0.20	-0.32	-0.09	-0.17	-0.10	-0.22	-0.02	-0.09	-0.06
FCF Conversion (FCF/Net Income)	2.15x	3.41x	1.34x	0.30x	-2.53x	-0.04x	0.40x	-0.07x	-0.03x	0.04x
Interest Paid	0	0	0	0	45K	14K	43K	0	98K	70K
Taxes Paid	0	0	0	0	0	3.16M	6.07M	0	93K	125K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-39.17%	-15.1%	-45.66%	-26.96%	3.19%	2.88%	3.72%	-55.73%	-23.86%	-33.74%
Return on Invested Capital (ROIC)	-39.03%	-13.72%	-44.48%	-25.78%	3.59%	6.34%	4.27%	-41.92%	-18.18%	-24.69%
Gross Margin	31.93%	27.62%	22.76%	22.22%	27.6%	26.4%	27.99%	25.26%	27.12%	23.15%
Net Margin	-15.3%	-5.4%	-17.7%	-17.5%	1.66%	2.76%	3.03%	-58.87%	-20.58%	-26.21%
Debt / Equity	0.04x	0.05x	0.02x	0.10x	0.15x	0.04x	0.12x	0.23x	0.24x	0.31x
Interest Coverage	-	-81.13x	-185.83x	-4.20x	3.94x	600.37x	348.88x	-7994.05x	-513.86x	-742.46x
FCF Conversion	2.15x	3.41x	1.34x	0.30x	-2.53x	-0.04x	0.40x	-0.07x	-0.03x	0.04x
Revenue Growth	139.47%	130.97%	79.99%	101.9%	174.94%	142.51%	118.49%	-34.16%	-18.8%	-16.39%

Revenue by Segment

	2021	2022	2023	2024
Storage Solutions	-	-	31.42M	25.36M
Storage Solutions Growth	-	-	-	-19.29%
Retail	-	205.52M	-	-
Retail Growth	-	-	-	-
Distribution And Other	-	57.58M	-	-
Distribution And Other Growth	-	-	-	-
Ecommerce	-	15.07M	-	-
Ecommerce Growth	-	-	-	-
Sales At Company Owned Stores	369.2M	-	-	-
Sales At Company Owned Stores Growth	-	-	-	-
Ecommerce Sales	36.2M	-	-	-
Ecommerce Sales Growth	-	-	-	-
Distribution	17.09M	-	-	-
Distribution Growth	-	-	-	-

Frequently Asked Questions

Growth & Financials

GrowGeneration Corp. (GRWG) reported $161.4M in revenue for fiscal year 2024. This represents a 11083% increase from $1.4M in 2014.

GrowGeneration Corp. (GRWG) saw revenue decline by 16.4% over the past year.

GrowGeneration Corp. (GRWG) reported a net loss of $40.0M for fiscal year 2024.

Dividend & Returns

GrowGeneration Corp. (GRWG) has a return on equity (ROE) of -33.7%. Negative ROE indicates the company is unprofitable.

GrowGeneration Corp. (GRWG) had negative free cash flow of $6.7M in fiscal year 2024, likely due to heavy capital investments.