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Sweetgreen, Inc. (SG) 10-Year Financial Performance & Capital Metrics

SG • • Industrial / General
Consumer CyclicalRestaurantsFast CasualHealth-Focused Fast Casual
AboutSweetgreen, Inc., together with its subsidiaries, develops and operates fast-casual restaurants serving healthy foods prepared from seasonal and organic ingredients. The company also accepts orders through its online and mobile ordering platforms, as well as sells gift cards that can be redeemed in its restaurants. As of September 26, 2021, it owned and operated 140 restaurants in 13 states and Washington, D.C. The company was founded in 2006 and is headquartered in Los Angeles, California.Show more
  • Revenue $677M +15.9%
  • EBITDA -$27M +55.7%
  • Net Income -$90M +20.3%
  • EPS (Diluted) -0.79 +21.8%
  • Gross Margin 19.64% +12.6%
  • EBITDA Margin -4.05% +61.8%
  • Operating Margin -14.14% +32.5%
  • Net Margin -13.35% +31.2%
  • ROE -19.46% +12.1%
  • ROIC -13.17% +25.5%
  • Debt/Equity 0.74 +18.1%
  • Interest Coverage -373.84 +60.9%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong 5Y sales CAGR of 19.8%

✗Weaknesses

  • ✗Negative free cash flow
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-
5Y19.81%
3Y25.81%
TTM2.43%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-27.73%

EPS CAGR

10Y-
5Y-
3Y-
TTM-24.36%

ROCE

10Y Avg-24.96%
5Y Avg-25.99%
3Y Avg-17.64%
Latest-12.71%

Peer Comparison

Health-Focused Fast Casual
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Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
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TTM Growth
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Latest Quarter
Momentum & Returns
Total Return (DRIP)
Technical
Volume & Trading
Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
CHSNChanson International Holding86.38M2.2288.805.65%-1.54%-2.22%3.42%0.71
SGSweetgreen, Inc.861.42M8.09-10.2415.89%-16.55%-28.83%0.74

Profit & Loss

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+274.15M220.62M339.87M470.11M584.04M676.83M
Revenue Growth %--0.2%0.54%0.38%0.24%0.16%
Cost of Goods Sold+230.18M229.32M299.47M400.82M482.12M543.88M
COGS % of Revenue0.84%1.04%0.88%0.85%0.83%0.8%
Gross Profit+43.98M-8.7M40.41M69.29M101.92M132.95M
Gross Margin %0.16%-0.04%0.12%0.15%0.17%0.2%
Gross Profit Growth %--1.2%5.64%0.71%0.47%0.3%
Operating Expenses+114.05M132.89M174.8M262.62M224.26M228.65M
OpEx % of Revenue0.42%0.6%0.51%0.56%0.38%0.34%
Selling, General & Admin88.82M99.14M125.04M187.37M146.76M149.94M
SG&A % of Revenue0.32%0.45%0.37%0.4%0.25%0.22%
Research & Development000000
R&D % of Revenue------
Other Operating Expenses25.23M33.75M49.76M75.26M77.5M78.71M
Operating Income+-70.07M-141.59M-134.4M-193.34M-122.34M-95.7M
Operating Margin %-0.26%-0.64%-0.4%-0.41%-0.21%-0.14%
Operating Income Growth %--1.02%0.05%-0.44%0.37%0.22%
EBITDA+-50.66M-114.74M-98.85M-146.64M-61.97M-27.44M
EBITDA Margin %-0.18%-0.52%-0.29%-0.31%-0.11%-0.04%
EBITDA Growth %--1.27%0.14%-0.48%0.58%0.56%
D&A (Non-Cash Add-back)19.42M26.85M35.55M46.7M60.37M68.26M
EBIT-67.83M-140.82M-152.94M-189.01M-112.88M-91.42M
Net Interest Income+2.64M614K363K5.06M12.81M10.69M
Interest Income2.72M1.02M450K5.14M12.94M10.94M
Interest Expense88K404K87K83K128K256K
Other Income/Expense2.16M369K-18.63M4.24M9.34M4.03M
Pretax Income+-67.92M-141.22M-153.03M-189.1M-113M-91.67M
Pretax Margin %-0.25%-0.64%-0.45%-0.4%-0.19%-0.14%
Income Tax+00147K1.34M379K-1.3M
Effective Tax Rate %1%1%1%1.01%1%0.99%
Net Income+-67.92M-141.22M-153.18M-190.44M-113.38M-90.37M
Net Margin %-0.25%-0.64%-0.45%-0.41%-0.19%-0.13%
Net Income Growth %--1.08%-0.08%-0.24%0.4%0.2%
Net Income (Continuing)-67.92M-141.22M-153.18M-190.44M-113.38M-90.37M
Discontinued Operations000000
Minority Interest000000
EPS (Diluted)+-0.62-1.61-1.40-1.73-1.01-0.79
EPS Growth %--1.6%0.13%-0.24%0.42%0.22%
EPS (Basic)-0.62-1.61-1.40-1.73-1.01-0.79
Diluted Shares Outstanding108.19M87.68M108.83M110.13M111.91M114.32M
Basic Shares Outstanding108.19M87.68M109.35M110.13M111.91M114.32M
Dividend Payout Ratio------

Balance Sheet

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+261.58M115.86M506.66M346.15M276.11M234.54M
Cash & Short-Term Investments249.26M102.64M471.97M331.61M257.23M214.79M
Cash Only249.26M102.64M471.97M331.61M257.23M214.79M
Short-Term Investments000000
Accounts Receivable5.32M6.99M19.86M3.34M3.6M5.13M
Days Sales Outstanding7.0811.5721.332.592.252.76
Inventory831K620K903K1.38M2.07M1.99M
Days Inventory Outstanding1.320.991.11.261.571.33
Other Current Assets57K218K155K1.65M7.45M4.79M
Total Non-Current Assets+124.84M149.82M255.99M562.79M580.45M622.22M
Property, Plant & Equipment107.78M127.21M180.67M489.32M510.89M553.98M
Fixed Asset Turnover2.54x1.73x1.88x0.96x1.14x1.22x
Goodwill6.28M6.28M35.97M35.97M35.97M35.97M
Intangible Assets5.72M10.94M32.87M30.56M27.41M24.04M
Long-Term Investments000000
Other Non-Current Assets5.06M5.4M6.49M6.94M6.17M8.23M
Total Assets+386.42M265.68M762.65M908.93M856.56M856.76M
Asset Turnover0.71x0.83x0.45x0.52x0.68x0.79x
Asset Growth %--0.31%1.87%0.19%-0.06%0%
Total Current Liabilities+32.92M36.32M47.53M72.55M91.58M115.83M
Accounts Payable8.32M6.23M11.2M12.24M17.38M18.7M
Days Payables Outstanding13.29.9213.6511.1513.1612.55
Short-Term Debt000000
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K
Other Current Liabilities1.93M8.22M8.61M1.73M6M9.66M
Current Ratio7.95x3.19x10.66x4.77x3.02x2.02x
Quick Ratio7.92x3.17x10.64x4.75x2.99x2.01x
Cash Conversion Cycle-4.82.648.79-7.3-9.34-8.45
Total Non-Current Liabilities+526.7M536.73M62M295.16M282.38M294.79M
Long-Term Debt000000
Capital Lease Obligations000271.1M271.44M288.94M
Deferred Tax Liabilities00125K1.41M1.77M361K
Other Non-Current Liabilities526.7M536.73M61.88M22.65M9.17M5.48M
Total Liabilities559.62M573.04M109.53M367.71M373.96M410.61M
Total Debt+000300.74M302.87M330.71M
Net Debt-249.26M-102.64M-471.97M-30.88M45.63M115.92M
Debt / Equity---0.56x0.63x0.74x
Debt / EBITDA------
Net Debt / EBITDA------
Interest Coverage-796.28x-350.48x-1544.82x-2329.36x-955.81x-373.84x
Total Equity+-173.19M-307.36M653.12M541.23M482.6M446.14M
Equity Growth %--0.77%3.12%-0.17%-0.11%-0.08%
Book Value per Share-1.60-3.516.004.914.313.90
Total Shareholders' Equity-173.19M-307.36M653.12M541.23M482.6M446.14M
Common Stock15K17K109K111K113K117K
Retained Earnings-181.82M-323.04M-476.22M-671.6M-784.99M-875.36M
Treasury Stock000000
Accumulated OCI000000
Minority Interest000000

Cash Flow

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-37.2M-90.35M-64.53M-43.17M26.48M43.39M
Operating CF Margin %-0.14%-0.41%-0.19%-0.09%0.05%0.06%
Operating CF Growth %--1.43%0.29%0.33%1.61%0.64%
Net Income-67.92M-141.22M-153.18M-190.44M-113.38M-90.37M
Depreciation & Amortization19.42M26.85M35.55M46.7M60.37M68.26M
Stock-Based Compensation3.9M4.91M28.9M78.74M49.53M39.02M
Deferred Taxes00125K1.29M358K-1.41M
Other Non-Cash Items1.26M3.03M24.51M45.33M38.79M41.05M
Working Capital Changes6.13M16.08M-436K-24.78M-9.19M-13.16M
Change in Receivables-1.48M-1.63M-12.73M-600K-258K-1.53M
Change in Inventory-190K211K-283K-480K-686K82K
Change in Payables-1.69M958K3.04M-4.55M9.87M759K
Cash from Investing+-50.47M-58.41M-97.55M-102.02M-95.67M-92.21M
Capital Expenditures-39.29M-48.15M-84.51M-96.89M-89.67M-84.46M
CapEx % of Revenue0.14%0.22%0.25%0.21%0.15%0.12%
Acquisitions------
Investments------
Other Investing-6.38M-9.47M-9.7M-5.13M-5.99M-7.75M
Cash from Financing+149.8M2.15M531.61M4.63M-5.2M8.89M
Debt Issued (Net)------
Equity Issued (Net)------
Dividends Paid000000
Share Repurchases------
Other Financing890K2.15M26.15M4.63M-5.03M8.9M
Net Change in Cash------
Free Cash Flow+-81.89M-147.25M-157.3M-145.43M-69.31M-48.81M
FCF Margin %-0.3%-0.67%-0.46%-0.31%-0.12%-0.07%
FCF Growth %--0.8%-0.07%0.08%0.52%0.3%
FCF per Share-0.76-1.68-1.45-1.32-0.62-0.43
FCF Conversion (FCF/Net Income)0.55x0.64x0.42x0.23x-0.23x-0.48x
Interest Paid0383K0050K184K
Taxes Paid000000

Key Ratios

Metric201920202021202220232024
Return on Equity (ROE)---88.6%-31.89%-22.15%-19.46%
Return on Invested Capital (ROIC)---55.65%-41.94%-17.67%-13.17%
Gross Margin16.04%-3.94%11.89%14.74%17.45%19.64%
Net Margin-24.77%-64.01%-45.07%-40.51%-19.41%-13.35%
Debt / Equity---0.56x0.63x0.74x
Interest Coverage-796.28x-350.48x-1544.82x-2329.36x-955.81x-373.84x
FCF Conversion0.55x0.64x0.42x0.23x-0.23x-0.48x
Revenue Growth--19.53%54.06%38.32%24.24%15.89%

Revenue by Segment

20182019202220232024
Gift Card--378K480K730K
Gift Card Growth---26.98%52.08%
Global Property636M635.9M---
Global Property Growth--0.02%---
Global Accident And Health357.6M443.3M---
Global Accident And Health Growth-23.97%---
Specialty And Casualty239.5M360.2M---
Specialty And Casualty Growth-50.40%---
Runoff And Other29.2M2.2M---
Runoff And Other Growth--92.47%---

Frequently Asked Questions

Growth & Financials

Sweetgreen, Inc. (SG) reported $685.2M in revenue for fiscal year 2024. This represents a 150% increase from $274.2M in 2019.

Sweetgreen, Inc. (SG) grew revenue by 15.9% over the past year. This is strong growth.

Sweetgreen, Inc. (SG) reported a net loss of $113.4M for fiscal year 2024.

Dividend & Returns

Sweetgreen, Inc. (SG) has a return on equity (ROE) of -19.5%. Negative ROE indicates the company is unprofitable.

Sweetgreen, Inc. (SG) had negative free cash flow of $107.4M in fiscal year 2024, likely due to heavy capital investments.

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