Sleep Number Corporation (SNBR) 10-Year Financial Performance & Capital Metrics

SNBR • • Industrial / General

Consumer CyclicalHome FurnishingsHome Furniture & FurnishingsModular & Contemporary Furniture

AboutSleep Number Corporation, together with its subsidiaries, offers sleep solutions and services in the United States. The company designs, manufactures, markets, retails, and services beds, pillows, sheets, and other bedding products under the Sleep Number name. It also provides adjustable bases under the FlextFit, and smart beds under the Sleep Number 360 brands. The company sells its products directly to consumers through retail, online, phone, and chat as well as through its e-commerce activities. As of January 2, 2022, it operated approximately 648 retail stores in 50 states. The company was formerly known as Select Comfort Corporation and changed its name to Sleep Number Corporation in November 2017. Sleep Number Corporation was founded in 1987 and is headquartered in Minneapolis, Minnesota.Show more

Revenue $1.68B -10.9%
EBITDA $89M -6.4%
Net Income -$20M -33.0%
EPS (Diluted) -0.90 -32.4%
Gross Margin 59.61% +3.4%
EBITDA Margin 5.3% +5.0%
Operating Margin 1.36% +11.9%
Net Margin -1.21% -49.2%
ROE -
ROIC 3.39% -2.9%
Debt/Equity -
Interest Coverage 0.47 -12.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 87 (top 13%)
✓Efficient asset utilization: 2.0x turnover

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y3.82%

5Y-0.19%

3Y-8.35%

TTM-16.95%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-91.19%

EPS CAGR

10Y-

5Y-

3Y-

TTM-88.4%

ROCE

10Y Avg118.39%

5Y Avg167.99%

3Y Avg163.1%

Latest3.39%

Peer Comparison

Modular & Contemporary Furniture

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
LOVEThe Lovesac Company	233.73M	15.99	23.17	-2.8%	1.87%	6.53%	7.47%	0.85
PRPLPurple Innovation, Inc.	85.51M	0.79	-0.87	-4.44%	-12.4%	-144.16%		7.82
XWINXMax Inc.	249.21M	5.95	-4.02	-12.63%	-16.66%	-20.79%		0.68
SNBRSleep Number Corporation	259.12M	11.37	-12.63	-10.87%	-5.42%		1.4%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.21B	1.31B	1.44B	1.53B	1.7B	1.86B	2.18B	2.11B	1.89B	1.68B
Revenue Growth %	0.05%	0.08%	0.1%	0.06%	0.11%	0.09%	0.18%	-0.03%	-0.11%	-0.11%
Cost of Goods Sold+	472.95M	501.13M	547.15M	603.61M	646.43M	700.55M	866.1M	912M	798.95M	679.52M
COGS % of Revenue	0.39%	0.38%	0.38%	0.39%	0.38%	0.38%	0.4%	0.43%	0.42%	0.4%
Gross Profit+	740.75M	810.16M	897.35M	927.96M	1.05B	1.16B	1.32B	1.2B	1.09B	1B
Gross Margin %	0.61%	0.62%	0.62%	0.61%	0.62%	0.62%	0.6%	0.57%	0.58%	0.6%
Gross Profit Growth %	0.05%	0.09%	0.11%	0.03%	0.13%	0.1%	0.14%	-0.09%	-0.09%	-0.08%
Operating Expenses+	665.65M	733.51M	805.43M	835.53M	939.83M	971.1M	1.13B	1.13B	1.07B	979.9M
OpEx % of Revenue	0.55%	0.56%	0.56%	0.55%	0.55%	0.52%	0.52%	0.54%	0.56%	0.58%
Selling, General & Admin	649.68M	705.52M	777.63M	806.76M	904.88M	930.19M	1.07B	1.07B	994.06M	916.58M
SG&A % of Revenue	0.54%	0.54%	0.54%	0.53%	0.53%	0.5%	0.49%	0.51%	0.53%	0.54%
Research & Development	15.97M	27.99M	27.81M	28.77M	34.95M	40.91M	58.54M	61.52M	55.8M	45.26M
R&D % of Revenue	0.01%	0.02%	0.02%	0.02%	0.02%	0.02%	0.03%	0.03%	0.03%	0.03%
Other Operating Expenses	334K	-717K	-877K	-5.91M	0	0	0	0	15.73M	18.07M
Operating Income+	75.1M	76.65M	91.92M	92.43M	112.09M	184.9M	193.54M	67.88M	22.94M	22.87M
Operating Margin %	0.06%	0.06%	0.06%	0.06%	0.07%	0.1%	0.09%	0.03%	0.01%	0.01%
Operating Income Growth %	-0.26%	0.02%	0.2%	0.01%	0.21%	0.65%	0.05%	-0.65%	-0.66%	-0%
EBITDA+	122.73M	133.82M	153.21M	154.39M	173.96M	246.46M	253.93M	135.28M	95.34M	89.22M
EBITDA Margin %	0.1%	0.1%	0.11%	0.1%	0.1%	0.13%	0.12%	0.06%	0.05%	0.05%
EBITDA Growth %	-0.13%	0.09%	0.14%	0.01%	0.13%	0.42%	0.03%	-0.47%	-0.3%	-0.06%
D&A (Non-Cash Add-back)	47.63M	57.17M	61.29M	61.97M	61.87M	61.56M	60.39M	67.4M	72.4M	66.35M
EBIT	78.1M	76.65M	91.92M	92.43M	112.09M	184.9M	193.54M	67.88M	22.94M	22.87M
Net Interest Income+	334K	-717K	-877K	-5.91M	-11.59M	-8.92M	-6.25M	-18.98M	-42.7M	-48.37M
Interest Income	494K	94K	98K	4K	0	0	0	0	0	0
Interest Expense	160K	811K	975K	5.91M	11.59M	8.92M	6.25M	18.98M	42.7M	48.37M
Other Income/Expense	334K	-717K	-877K	-5.91M	-11.59M	-8.92M	-6.25M	-18.98M	-42.7M	-48.37M
Pretax Income+	75.43M	75.93M	91.04M	86.52M	100.51M	175.97M	187.29M	48.9M	-19.75M	-25.5M
Pretax Margin %	0.06%	0.06%	0.06%	0.06%	0.06%	0.09%	0.09%	0.02%	-0.01%	-0.02%
Income Tax+	24.91M	24.52M	25.96M	16.98M	18.66M	36.78M	33.55M	12.29M	-4.47M	-5.16M
Effective Tax Rate %	0.67%	0.68%	0.71%	0.8%	0.81%	0.79%	0.82%	0.75%	0.77%	0.8%
Net Income+	50.52M	51.42M	65.08M	69.54M	81.84M	139.19M	153.75M	36.61M	-15.29M	-20.33M
Net Margin %	0.04%	0.04%	0.05%	0.05%	0.05%	0.07%	0.07%	0.02%	-0.01%	-0.01%
Net Income Growth %	-0.26%	0.02%	0.27%	0.07%	0.18%	0.7%	0.1%	-0.76%	-1.42%	-0.33%
Net Income (Continuing)	50.52M	51.42M	65.08M	69.54M	81.84M	139.19M	153.75M	36.61M	-15.29M	-20.33M
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)+	0.97	1.10	1.55	1.92	2.70	4.90	6.16	1.60	-0.68	-0.90
EPS Growth %	-0.22%	0.13%	0.41%	0.24%	0.41%	0.81%	0.26%	-0.74%	-1.43%	-0.32%
EPS (Basic)	0.99	1.11	1.58	1.97	2.78	5.03	6.40	1.63	-0.68	-0.90
Diluted Shares Outstanding	52.1M	46.9M	42.09M	36.16M	30.36M	28.43M	24.95M	22.85M	22.43M	22.6M
Basic Shares Outstanding	51.25M	46.15M	41.21M	35.26M	29.47M	27.66M	24.04M	22.4M	22.43M	22.6M
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+	197.93M	138.33M	152.49M	150.86M	160.37M	181.8M	207.62M	197.76M	206.13M	181.28M
Cash & Short-Term Investments	27.56M	11.61M	3.65M	1.61M	1.59M	4.24M	2.39M	1.79M	2.54M	1.95M
Cash Only	20.99M	11.61M	3.65M	1.61M	1.59M	4.24M	2.39M	1.79M	2.54M	1.95M
Short-Term Investments	6.57M	0	0	0	0	0	0	0	0	0
Accounts Receivable	44.29M	19.7M	19.31M	24.8M	19.98M	31.87M	25.72M	26M	26.86M	17.52M
Days Sales Outstanding	13.32	5.48	4.88	5.91	4.29	6.27	4.3	4.49	5.19	3.8
Inventory	86.6M	75.03M	84.3M	84.88M	87.06M	81.36M	105.64M	114.03M	115.43M	103.15M
Days Inventory Outstanding	66.83	54.65	56.23	51.33	49.16	42.39	44.52	45.64	52.74	55.41
Other Current Assets	13.74M	23.28M	27.66M	31.56M	36.4M	43.49M	54.92M	39.92M	44.64M	44.1M
Total Non-Current Assets+	315.47M	318.84M	319.34M	319.28M	645.67M	618.33M	711.92M	756.18M	744.75M	679.53M
Property, Plant & Equipment	204.38M	208.37M	208.65M	205.63M	524.44M	489.45M	566.26M	598.36M	574.91M	486.21M
Fixed Asset Turnover	5.94x	6.29x	6.92x	7.45x	3.24x	3.79x	3.86x	3.53x	3.28x	3.46x
Goodwill	64.05M	64.05M	64M	64M	64M	64M	64M	64M	64M	64M
Intangible Assets	19.3M	16.77M	13.59M	11.41M	9.23M	8.87M	6.47M	4.07M	2.63M	2.41M
Long-Term Investments	8.55M	0	0	-30.3M	0	-242K	0	55.56M	54.8M	118.42M
Other Non-Current Assets	14.53M	24.99M	30.48M	38.24M	48.01M	56.25M	75.19M	26.23M	28.16M	-25.1M
Total Assets+	513.4M	457.17M	471.83M	470.14M	806.04M	800.14M	919.54M	953.94M	950.88M	860.81M
Asset Turnover	2.36x	2.87x	3.06x	3.26x	2.11x	2.32x	2.38x	2.22x	1.98x	1.95x
Asset Growth %	0.08%	-0.11%	0.03%	-0%	0.71%	-0.01%	0.15%	0.04%	-0%	-0.09%
Total Current Liabilities+	224.95M	225.32M	306.39M	488.67M	594.77M	655.94M	906.78M	929.81M	936.07M	908.01M
Accounts Payable	103.94M	105.38M	129.19M	144.78M	134.59M	91.9M	162.55M	176.21M	135.9M	107.62M
Days Payables Outstanding	80.22	76.75	86.18	87.55	76	47.88	68.5	70.52	62.09	57.81
Short-Term Debt	0	0	24.5M	199.6M	231M	244.2M	382.5M	459.6M	539.5M	546.6M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	46.16M	53.28M	118.09M	57.13M	93.39M	73.67M	115.42M	73.67M	65.07M	55.39M
Current Ratio	0.88x	0.61x	0.50x	0.31x	0.27x	0.28x	0.23x	0.21x	0.22x	0.20x
Quick Ratio	0.49x	0.28x	0.22x	0.14x	0.12x	0.15x	0.11x	0.09x	0.10x	0.09x
Cash Conversion Cycle	-0.06	-16.62	-25.07	-30.31	-22.54	0.77	-19.68	-20.39	-4.16	1.4
Total Non-Current Liabilities+	66.11M	71.53M	76.29M	91.02M	370.7M	368.17M	437.71M	462.3M	456.74M	404.38M
Long-Term Debt	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	298.09M	283.08M	336.19M	356.88M	351.39M	307.2M
Deferred Tax Liabilities	12.5M	0	4.82M	4.82M	3.81M	242K	688K	0	0	0
Other Non-Current Liabilities	53.61M	71.53M	76.29M	91.02M	68.8M	84.84M	100.83M	105.42M	105.34M	97.18M
Total Liabilities	291.06M	296.85M	382.68M	579.69M	965.47M	1.02B	1.34B	1.39B	1.39B	1.31B
Total Debt+	15.12M	24.5M	24.5M	199.6M	588.65M	589.36M	791.05M	896.01M	972.65M	936.11M
Net Debt	-5.87M	12.89M	20.85M	197.99M	587.06M	585.12M	788.66M	894.22M	970.12M	934.16M
Debt / Equity	0.07x	0.15x	0.27x	-	-	-	-	-	-	-
Debt / EBITDA	0.12x	0.18x	0.16x	1.29x	3.38x	2.39x	3.12x	6.62x	10.20x	10.49x
Net Debt / EBITDA	-0.05x	0.10x	0.14x	1.28x	3.37x	2.37x	3.11x	6.61x	10.18x	10.47x
Interest Coverage	469.35x	94.51x	94.27x	15.64x	9.67x	20.72x	30.99x	3.58x	0.54x	0.47x
Total Equity+	222.34M	160.32M	89.16M	-109.55M	-159.43M	-223.98M	-424.95M	-438.18M	-441.93M	-451.59M
Equity Growth %	-0.13%	-0.28%	-0.44%	-2.23%	-0.46%	-0.4%	-0.9%	-0.03%	-0.01%	-0.02%
Book Value per Share	4.27	3.42	2.12	-3.03	-5.25	-7.88	-17.03	-19.17	-19.70	-19.98
Total Shareholders' Equity	222.34M	160.32M	89.16M	-109.55M	-159.43M	-223.98M	-424.95M	-438.18M	-441.93M	-451.59M
Common Stock	494K	436K	388K	309K	280K	254K	227K	220K	222K	224K
Retained Earnings	221.86M	159.88M	88.77M	-109.86M	-159.71M	-224.23M	-429.15M	-443.58M	-458.87M	-479.2M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-14K	89M	-263.98M	-293.07M	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+	107.94M	151.65M	172.61M	131.54M	189.16M	279.66M	300.01M	36.14M	-9.03M	27.14M
Operating CF Margin %	0.09%	0.12%	0.12%	0.09%	0.11%	0.15%	0.14%	0.02%	-0%	0.02%
Operating CF Growth %	-0.25%	0.4%	0.14%	-0.24%	0.44%	0.48%	0.07%	-0.88%	-1.25%	4.01%
Net Income	50.52M	51.42M	65.08M	69.54M	81.84M	139.19M	153.75M	36.61M	-15.29M	-20.33M
Depreciation & Amortization	47.63M	57.17M	61.29M	61.97M	61.87M	61.56M	60.39M	67.4M	74.04M	66.35M
Stock-Based Compensation	10.29M	11.96M	15.76M	11.41M	16.66M	21.81M	23.21M	13.22M	14.86M	11.44M
Deferred Taxes	11.92M	-1.64M	2.04M	7.45M	-1.01M	-3.57M	446K	-8.65M	-12.29M	-13.32M
Other Non-Cash Items	-8.88M	-490K	249K	-51K	-430K	247K	37K	291K	2.9M	4.32M
Working Capital Changes	-3.54M	33.23M	28.18M	-18.77M	30.24M	60.41M	62.17M	-72.74M	-73.24M	-21.31M
Change in Receivables	-9.26M	9.3M	393K	-5.48M	7.88M	-10.84M	3.09M	-287K	-854K	13.33M
Change in Inventory	-33.06M	11.57M	-9.27M	-584K	-2.18M	5.7M	-24.28M	-11.56M	-1.4M	12.28M
Change in Payables	19.13M	-4.96M	21.78M	-9.89M	10.66M	-16.75M	54.41M	-4.74M	-28.93M	-15.91M
Cash from Investing+	-44.28M	-42.67M	-56.64M	-45.24M	-56.62M	-39.02M	-66.64M	-70.61M	-58.35M	-26.29M
Capital Expenditures	-85.59M	-57.85M	-59.83M	-45.52M	-59.24M	-37.1M	-66.9M	-69.45M	-57.06M	-23.5M
CapEx % of Revenue	0.07%	0.04%	0.04%	0.03%	0.03%	0.02%	0.03%	0.03%	0.03%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	72K	-11.9M	3.19M	272K	2.62M	-1.92M	257K	49K	-1.3M	-2.79M
Cash from Financing+	-94.67M	-118.36M	-123.92M	-88.34M	-132.56M	-237.99M	-235.22M	33.87M	68.13M	-1.44M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	1.46M	108K	-12K	-1.01M	-1.02M	-312K	-2.76M	-718K	-2.02M	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	22.36M	93.79M	112.78M	86.03M	129.92M	240.59M	233.11M	-33.32M	-66.08M	3.64M
FCF Margin %	0.02%	0.07%	0.08%	0.06%	0.08%	0.13%	0.11%	-0.02%	-0.04%	0%
FCF Growth %	-0.67%	3.2%	0.2%	-0.24%	0.51%	0.85%	-0.03%	-1.14%	-0.98%	1.06%
FCF per Share	0.43	2.00	2.68	2.38	4.28	8.46	9.34	-1.46	-2.95	0.16
FCF Conversion (FCF/Net Income)	2.14x	2.95x	2.65x	1.89x	2.31x	2.01x	1.95x	0.99x	0.59x	-1.33x
Interest Paid	96K	608K	753K	5.09M	10.66M	9.05M	5.44M	16.92M	40.57M	45.09M
Taxes Paid	26.68M	-653K	22.81M	15.03M	17.18M	38.7M	36.3M	19.79M	13.72M	4.01M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	21.08%	26.87%	52.17%	-	-	-	-	-	-	-
Return on Invested Capital (ROIC)	25.81%	29.51%	48.68%	69.86%	32.58%	35.16%	40.05%	12.42%	3.5%	3.39%
Gross Margin	61.03%	61.78%	62.12%	60.59%	61.94%	62.27%	60.36%	56.87%	57.67%	59.61%
Net Margin	4.16%	3.92%	4.51%	4.54%	4.82%	7.5%	7.04%	1.73%	-0.81%	-1.21%
Debt / Equity	0.07x	0.15x	0.27x	-	-	-	-	-	-	-
Interest Coverage	469.35x	94.51x	94.27x	15.64x	9.67x	20.72x	30.99x	3.58x	0.54x	0.47x
FCF Conversion	2.14x	2.95x	2.65x	1.89x	2.31x	2.01x	1.95x	0.99x	0.59x	-1.33x
Revenue Growth	4.92%	8.04%	10.16%	6.03%	10.89%	9.32%	17.69%	-3.23%	-10.73%	-10.87%

Revenue by Segment

	2024
Reportable	1.68B
Reportable Growth	-

Frequently Asked Questions

Growth & Financials

Sleep Number Corporation (SNBR) reported $1.44B in revenue for fiscal year 2024. This represents a 94% increase from $743.2M in 2011.

Sleep Number Corporation (SNBR) saw revenue decline by 10.9% over the past year.

Sleep Number Corporation (SNBR) reported a net loss of $78.1M for fiscal year 2024.

Dividend & Returns

Sleep Number Corporation (SNBR) had negative free cash flow of $50.0M in fiscal year 2024, likely due to heavy capital investments.

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Sleep Number Corporation (SNBR) 10-Year Financial Performance & Capital Metrics

SNBR • • Industrial / General

Consumer CyclicalHome FurnishingsHome Furniture & FurnishingsModular & Contemporary Furniture

Revenue $1.68B -10.9%
EBITDA $89M -6.4%
Net Income -$20M -33.0%
EPS (Diluted) -0.90 -32.4%
Gross Margin 59.61% +3.4%
EBITDA Margin 5.3% +5.0%
Operating Margin 1.36% +11.9%
Net Margin -1.21% -49.2%
ROE -
ROIC 3.39% -2.9%
Debt/Equity -
Interest Coverage 0.47 -12.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 87 (top 13%)
✓Efficient asset utilization: 2.0x turnover

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y3.82%

5Y-0.19%

3Y-8.35%

TTM-16.95%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-91.19%

EPS CAGR

10Y-

5Y-

3Y-

TTM-88.4%

ROCE

10Y Avg118.39%

5Y Avg167.99%

3Y Avg163.1%

Latest3.39%

Peer Comparison

Modular & Contemporary Furniture

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
LOVEThe Lovesac Company	233.73M	15.99	23.17	-2.8%	1.87%	6.53%	7.47%	0.85
PRPLPurple Innovation, Inc.	85.51M	0.79	-0.87	-4.44%	-12.4%	-144.16%		7.82
XWINXMax Inc.	249.21M	5.95	-4.02	-12.63%	-16.66%	-20.79%		0.68
SNBRSleep Number Corporation	259.12M	11.37	-12.63	-10.87%	-5.42%		1.4%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.21B	1.31B	1.44B	1.53B	1.7B	1.86B	2.18B	2.11B	1.89B	1.68B
Revenue Growth %	0.05%	0.08%	0.1%	0.06%	0.11%	0.09%	0.18%	-0.03%	-0.11%	-0.11%
Cost of Goods Sold+	472.95M	501.13M	547.15M	603.61M	646.43M	700.55M	866.1M	912M	798.95M	679.52M
COGS % of Revenue	0.39%	0.38%	0.38%	0.39%	0.38%	0.38%	0.4%	0.43%	0.42%	0.4%
Gross Profit+	740.75M	810.16M	897.35M	927.96M	1.05B	1.16B	1.32B	1.2B	1.09B	1B
Gross Margin %	0.61%	0.62%	0.62%	0.61%	0.62%	0.62%	0.6%	0.57%	0.58%	0.6%
Gross Profit Growth %	0.05%	0.09%	0.11%	0.03%	0.13%	0.1%	0.14%	-0.09%	-0.09%	-0.08%
Operating Expenses+	665.65M	733.51M	805.43M	835.53M	939.83M	971.1M	1.13B	1.13B	1.07B	979.9M
OpEx % of Revenue	0.55%	0.56%	0.56%	0.55%	0.55%	0.52%	0.52%	0.54%	0.56%	0.58%
Selling, General & Admin	649.68M	705.52M	777.63M	806.76M	904.88M	930.19M	1.07B	1.07B	994.06M	916.58M
SG&A % of Revenue	0.54%	0.54%	0.54%	0.53%	0.53%	0.5%	0.49%	0.51%	0.53%	0.54%
Research & Development	15.97M	27.99M	27.81M	28.77M	34.95M	40.91M	58.54M	61.52M	55.8M	45.26M
R&D % of Revenue	0.01%	0.02%	0.02%	0.02%	0.02%	0.02%	0.03%	0.03%	0.03%	0.03%
Other Operating Expenses	334K	-717K	-877K	-5.91M	0	0	0	0	15.73M	18.07M
Operating Income+	75.1M	76.65M	91.92M	92.43M	112.09M	184.9M	193.54M	67.88M	22.94M	22.87M
Operating Margin %	0.06%	0.06%	0.06%	0.06%	0.07%	0.1%	0.09%	0.03%	0.01%	0.01%
Operating Income Growth %	-0.26%	0.02%	0.2%	0.01%	0.21%	0.65%	0.05%	-0.65%	-0.66%	-0%
EBITDA+	122.73M	133.82M	153.21M	154.39M	173.96M	246.46M	253.93M	135.28M	95.34M	89.22M
EBITDA Margin %	0.1%	0.1%	0.11%	0.1%	0.1%	0.13%	0.12%	0.06%	0.05%	0.05%
EBITDA Growth %	-0.13%	0.09%	0.14%	0.01%	0.13%	0.42%	0.03%	-0.47%	-0.3%	-0.06%
D&A (Non-Cash Add-back)	47.63M	57.17M	61.29M	61.97M	61.87M	61.56M	60.39M	67.4M	72.4M	66.35M
EBIT	78.1M	76.65M	91.92M	92.43M	112.09M	184.9M	193.54M	67.88M	22.94M	22.87M
Net Interest Income+	334K	-717K	-877K	-5.91M	-11.59M	-8.92M	-6.25M	-18.98M	-42.7M	-48.37M
Interest Income	494K	94K	98K	4K	0	0	0	0	0	0
Interest Expense	160K	811K	975K	5.91M	11.59M	8.92M	6.25M	18.98M	42.7M	48.37M
Other Income/Expense	334K	-717K	-877K	-5.91M	-11.59M	-8.92M	-6.25M	-18.98M	-42.7M	-48.37M
Pretax Income+	75.43M	75.93M	91.04M	86.52M	100.51M	175.97M	187.29M	48.9M	-19.75M	-25.5M
Pretax Margin %	0.06%	0.06%	0.06%	0.06%	0.06%	0.09%	0.09%	0.02%	-0.01%	-0.02%
Income Tax+	24.91M	24.52M	25.96M	16.98M	18.66M	36.78M	33.55M	12.29M	-4.47M	-5.16M
Effective Tax Rate %	0.67%	0.68%	0.71%	0.8%	0.81%	0.79%	0.82%	0.75%	0.77%	0.8%
Net Income+	50.52M	51.42M	65.08M	69.54M	81.84M	139.19M	153.75M	36.61M	-15.29M	-20.33M
Net Margin %	0.04%	0.04%	0.05%	0.05%	0.05%	0.07%	0.07%	0.02%	-0.01%	-0.01%
Net Income Growth %	-0.26%	0.02%	0.27%	0.07%	0.18%	0.7%	0.1%	-0.76%	-1.42%	-0.33%
Net Income (Continuing)	50.52M	51.42M	65.08M	69.54M	81.84M	139.19M	153.75M	36.61M	-15.29M	-20.33M
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)+	0.97	1.10	1.55	1.92	2.70	4.90	6.16	1.60	-0.68	-0.90
EPS Growth %	-0.22%	0.13%	0.41%	0.24%	0.41%	0.81%	0.26%	-0.74%	-1.43%	-0.32%
EPS (Basic)	0.99	1.11	1.58	1.97	2.78	5.03	6.40	1.63	-0.68	-0.90
Diluted Shares Outstanding	52.1M	46.9M	42.09M	36.16M	30.36M	28.43M	24.95M	22.85M	22.43M	22.6M
Basic Shares Outstanding	51.25M	46.15M	41.21M	35.26M	29.47M	27.66M	24.04M	22.4M	22.43M	22.6M
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+	197.93M	138.33M	152.49M	150.86M	160.37M	181.8M	207.62M	197.76M	206.13M	181.28M
Cash & Short-Term Investments	27.56M	11.61M	3.65M	1.61M	1.59M	4.24M	2.39M	1.79M	2.54M	1.95M
Cash Only	20.99M	11.61M	3.65M	1.61M	1.59M	4.24M	2.39M	1.79M	2.54M	1.95M
Short-Term Investments	6.57M	0	0	0	0	0	0	0	0	0
Accounts Receivable	44.29M	19.7M	19.31M	24.8M	19.98M	31.87M	25.72M	26M	26.86M	17.52M
Days Sales Outstanding	13.32	5.48	4.88	5.91	4.29	6.27	4.3	4.49	5.19	3.8
Inventory	86.6M	75.03M	84.3M	84.88M	87.06M	81.36M	105.64M	114.03M	115.43M	103.15M
Days Inventory Outstanding	66.83	54.65	56.23	51.33	49.16	42.39	44.52	45.64	52.74	55.41
Other Current Assets	13.74M	23.28M	27.66M	31.56M	36.4M	43.49M	54.92M	39.92M	44.64M	44.1M
Total Non-Current Assets+	315.47M	318.84M	319.34M	319.28M	645.67M	618.33M	711.92M	756.18M	744.75M	679.53M
Property, Plant & Equipment	204.38M	208.37M	208.65M	205.63M	524.44M	489.45M	566.26M	598.36M	574.91M	486.21M
Fixed Asset Turnover	5.94x	6.29x	6.92x	7.45x	3.24x	3.79x	3.86x	3.53x	3.28x	3.46x
Goodwill	64.05M	64.05M	64M	64M	64M	64M	64M	64M	64M	64M
Intangible Assets	19.3M	16.77M	13.59M	11.41M	9.23M	8.87M	6.47M	4.07M	2.63M	2.41M
Long-Term Investments	8.55M	0	0	-30.3M	0	-242K	0	55.56M	54.8M	118.42M
Other Non-Current Assets	14.53M	24.99M	30.48M	38.24M	48.01M	56.25M	75.19M	26.23M	28.16M	-25.1M
Total Assets+	513.4M	457.17M	471.83M	470.14M	806.04M	800.14M	919.54M	953.94M	950.88M	860.81M
Asset Turnover	2.36x	2.87x	3.06x	3.26x	2.11x	2.32x	2.38x	2.22x	1.98x	1.95x
Asset Growth %	0.08%	-0.11%	0.03%	-0%	0.71%	-0.01%	0.15%	0.04%	-0%	-0.09%
Total Current Liabilities+	224.95M	225.32M	306.39M	488.67M	594.77M	655.94M	906.78M	929.81M	936.07M	908.01M
Accounts Payable	103.94M	105.38M	129.19M	144.78M	134.59M	91.9M	162.55M	176.21M	135.9M	107.62M
Days Payables Outstanding	80.22	76.75	86.18	87.55	76	47.88	68.5	70.52	62.09	57.81
Short-Term Debt	0	0	24.5M	199.6M	231M	244.2M	382.5M	459.6M	539.5M	546.6M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	46.16M	53.28M	118.09M	57.13M	93.39M	73.67M	115.42M	73.67M	65.07M	55.39M
Current Ratio	0.88x	0.61x	0.50x	0.31x	0.27x	0.28x	0.23x	0.21x	0.22x	0.20x
Quick Ratio	0.49x	0.28x	0.22x	0.14x	0.12x	0.15x	0.11x	0.09x	0.10x	0.09x
Cash Conversion Cycle	-0.06	-16.62	-25.07	-30.31	-22.54	0.77	-19.68	-20.39	-4.16	1.4
Total Non-Current Liabilities+	66.11M	71.53M	76.29M	91.02M	370.7M	368.17M	437.71M	462.3M	456.74M	404.38M
Long-Term Debt	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	298.09M	283.08M	336.19M	356.88M	351.39M	307.2M
Deferred Tax Liabilities	12.5M	0	4.82M	4.82M	3.81M	242K	688K	0	0	0
Other Non-Current Liabilities	53.61M	71.53M	76.29M	91.02M	68.8M	84.84M	100.83M	105.42M	105.34M	97.18M
Total Liabilities	291.06M	296.85M	382.68M	579.69M	965.47M	1.02B	1.34B	1.39B	1.39B	1.31B
Total Debt+	15.12M	24.5M	24.5M	199.6M	588.65M	589.36M	791.05M	896.01M	972.65M	936.11M
Net Debt	-5.87M	12.89M	20.85M	197.99M	587.06M	585.12M	788.66M	894.22M	970.12M	934.16M
Debt / Equity	0.07x	0.15x	0.27x	-	-	-	-	-	-	-
Debt / EBITDA	0.12x	0.18x	0.16x	1.29x	3.38x	2.39x	3.12x	6.62x	10.20x	10.49x
Net Debt / EBITDA	-0.05x	0.10x	0.14x	1.28x	3.37x	2.37x	3.11x	6.61x	10.18x	10.47x
Interest Coverage	469.35x	94.51x	94.27x	15.64x	9.67x	20.72x	30.99x	3.58x	0.54x	0.47x
Total Equity+	222.34M	160.32M	89.16M	-109.55M	-159.43M	-223.98M	-424.95M	-438.18M	-441.93M	-451.59M
Equity Growth %	-0.13%	-0.28%	-0.44%	-2.23%	-0.46%	-0.4%	-0.9%	-0.03%	-0.01%	-0.02%
Book Value per Share	4.27	3.42	2.12	-3.03	-5.25	-7.88	-17.03	-19.17	-19.70	-19.98
Total Shareholders' Equity	222.34M	160.32M	89.16M	-109.55M	-159.43M	-223.98M	-424.95M	-438.18M	-441.93M	-451.59M
Common Stock	494K	436K	388K	309K	280K	254K	227K	220K	222K	224K
Retained Earnings	221.86M	159.88M	88.77M	-109.86M	-159.71M	-224.23M	-429.15M	-443.58M	-458.87M	-479.2M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-14K	89M	-263.98M	-293.07M	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+	107.94M	151.65M	172.61M	131.54M	189.16M	279.66M	300.01M	36.14M	-9.03M	27.14M
Operating CF Margin %	0.09%	0.12%	0.12%	0.09%	0.11%	0.15%	0.14%	0.02%	-0%	0.02%
Operating CF Growth %	-0.25%	0.4%	0.14%	-0.24%	0.44%	0.48%	0.07%	-0.88%	-1.25%	4.01%
Net Income	50.52M	51.42M	65.08M	69.54M	81.84M	139.19M	153.75M	36.61M	-15.29M	-20.33M
Depreciation & Amortization	47.63M	57.17M	61.29M	61.97M	61.87M	61.56M	60.39M	67.4M	74.04M	66.35M
Stock-Based Compensation	10.29M	11.96M	15.76M	11.41M	16.66M	21.81M	23.21M	13.22M	14.86M	11.44M
Deferred Taxes	11.92M	-1.64M	2.04M	7.45M	-1.01M	-3.57M	446K	-8.65M	-12.29M	-13.32M
Other Non-Cash Items	-8.88M	-490K	249K	-51K	-430K	247K	37K	291K	2.9M	4.32M
Working Capital Changes	-3.54M	33.23M	28.18M	-18.77M	30.24M	60.41M	62.17M	-72.74M	-73.24M	-21.31M
Change in Receivables	-9.26M	9.3M	393K	-5.48M	7.88M	-10.84M	3.09M	-287K	-854K	13.33M
Change in Inventory	-33.06M	11.57M	-9.27M	-584K	-2.18M	5.7M	-24.28M	-11.56M	-1.4M	12.28M
Change in Payables	19.13M	-4.96M	21.78M	-9.89M	10.66M	-16.75M	54.41M	-4.74M	-28.93M	-15.91M
Cash from Investing+	-44.28M	-42.67M	-56.64M	-45.24M	-56.62M	-39.02M	-66.64M	-70.61M	-58.35M	-26.29M
Capital Expenditures	-85.59M	-57.85M	-59.83M	-45.52M	-59.24M	-37.1M	-66.9M	-69.45M	-57.06M	-23.5M
CapEx % of Revenue	0.07%	0.04%	0.04%	0.03%	0.03%	0.02%	0.03%	0.03%	0.03%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	72K	-11.9M	3.19M	272K	2.62M	-1.92M	257K	49K	-1.3M	-2.79M
Cash from Financing+	-94.67M	-118.36M	-123.92M	-88.34M	-132.56M	-237.99M	-235.22M	33.87M	68.13M	-1.44M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	1.46M	108K	-12K	-1.01M	-1.02M	-312K	-2.76M	-718K	-2.02M	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	22.36M	93.79M	112.78M	86.03M	129.92M	240.59M	233.11M	-33.32M	-66.08M	3.64M
FCF Margin %	0.02%	0.07%	0.08%	0.06%	0.08%	0.13%	0.11%	-0.02%	-0.04%	0%
FCF Growth %	-0.67%	3.2%	0.2%	-0.24%	0.51%	0.85%	-0.03%	-1.14%	-0.98%	1.06%
FCF per Share	0.43	2.00	2.68	2.38	4.28	8.46	9.34	-1.46	-2.95	0.16
FCF Conversion (FCF/Net Income)	2.14x	2.95x	2.65x	1.89x	2.31x	2.01x	1.95x	0.99x	0.59x	-1.33x
Interest Paid	96K	608K	753K	5.09M	10.66M	9.05M	5.44M	16.92M	40.57M	45.09M
Taxes Paid	26.68M	-653K	22.81M	15.03M	17.18M	38.7M	36.3M	19.79M	13.72M	4.01M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	21.08%	26.87%	52.17%	-	-	-	-	-	-	-
Return on Invested Capital (ROIC)	25.81%	29.51%	48.68%	69.86%	32.58%	35.16%	40.05%	12.42%	3.5%	3.39%
Gross Margin	61.03%	61.78%	62.12%	60.59%	61.94%	62.27%	60.36%	56.87%	57.67%	59.61%
Net Margin	4.16%	3.92%	4.51%	4.54%	4.82%	7.5%	7.04%	1.73%	-0.81%	-1.21%
Debt / Equity	0.07x	0.15x	0.27x	-	-	-	-	-	-	-
Interest Coverage	469.35x	94.51x	94.27x	15.64x	9.67x	20.72x	30.99x	3.58x	0.54x	0.47x
FCF Conversion	2.14x	2.95x	2.65x	1.89x	2.31x	2.01x	1.95x	0.99x	0.59x	-1.33x
Revenue Growth	4.92%	8.04%	10.16%	6.03%	10.89%	9.32%	17.69%	-3.23%	-10.73%	-10.87%

Revenue by Segment

	2024
Reportable	1.68B
Reportable Growth	-

Frequently Asked Questions

Growth & Financials

Sleep Number Corporation (SNBR) reported $1.44B in revenue for fiscal year 2024. This represents a 94% increase from $743.2M in 2011.

Sleep Number Corporation (SNBR) saw revenue decline by 10.9% over the past year.

Sleep Number Corporation (SNBR) reported a net loss of $78.1M for fiscal year 2024.

Dividend & Returns

Sleep Number Corporation (SNBR) had negative free cash flow of $50.0M in fiscal year 2024, likely due to heavy capital investments.