Revenue growth remains inconsistent with a modest 2.8% increase in 2026Q1, while operating margins remain compressed at 0.7% despite a gross margin of 37.1%.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Sales/Revenue | 569.97M | 566.18M | 565.68M | 543.3M | 578.83M | 536.99M | 526.7M | 376.7M | 346.35M | 266.81M | 252.6M | 210.32M | 196.25M | 151.5M | 119.49M | 112.37M | 105.88M | 102.8M | 123.75M | 120.46M | 127.7M | 133.31M | 143.57M | 134.32M | 145M | 153.21M | 167.71M | 168M | 160.7M | 144.6M | 141.4M |
| Revenue Growth % | 1.07% | 0.09% | 4.12% | -6.14% | 7.79% | 1.95% | 39.82% | 8.76% | 29.81% | 5.63% | 20.1% | 7.17% | 29.54% | 26.79% | 6.33% | 6.13% | 2.99% | -16.92% | 2.73% | -5.67% | -4.21% | -7.14% | 6.88% | -7.36% | -5.36% | -8.65% | -0.17% | 4.54% | 11.13% | 2.26% | 4.59% |
| Cost of Goods Sold | 355.21M | 353.32M | 345.1M | 339.75M | 385.47M | 350.97M | 337.93M | 247.77M | 224.65M | 170.46M | 165.61M | 138.88M | 127.51M | 98.94M | 79.72M | 72.11M | 68.41M | 69.58M | 83.4M | 80.84M | 87.88M | 93.6M | 96.28M | 86.21M | 95.22M | 100.7M | 105.04M | 106.7M | 102.1M | 91.8M | 89.5M |
| COGS % of Revenue | - | 62.4% | 61.01% | 62.54% | 66.59% | 65.36% | 64.16% | 65.77% | 64.86% | 63.89% | 65.56% | 66.04% | 64.97% | 65.31% | 66.72% | 64.17% | 64.61% | 67.69% | 67.4% | 67.11% | 68.82% | 70.21% | 67.06% | 64.18% | 65.67% | 65.73% | 62.63% | 63.51% | 63.53% | 63.49% | 63.3% |
| Gross Profit | 214.76M | 212.86M | 220.58M | 203.55M | 193.36M | 186.01M | 188.76M | 128.93M | 121.7M | 96.35M | 86.98M | 71.43M | 68.74M | 52.56M | 39.76M | 40.26M | 37.47M | 33.22M | 40.34M | 39.62M | 39.82M | 39.72M | 47.29M | 48.12M | 49.78M | 52.51M | 62.67M | 61.3M | 58.6M | 52.8M | 51.9M |
| Gross Margin % | 37.68% | 37.6% | 38.99% | 37.46% | 33.41% | 34.64% | 35.84% | 34.23% | 35.14% | 36.11% | 34.44% | 33.96% | 35.03% | 34.69% | 33.28% | 35.83% | 35.39% | 32.31% | 32.6% | 32.89% | 31.18% | 29.79% | 32.94% | 35.82% | 34.33% | 34.27% | 37.37% | 36.49% | 36.47% | 36.51% | 36.7% |
| Gross Profit Growth % | - | -3.5% | 8.37% | 5.27% | 3.95% | -1.46% | 46.41% | 5.94% | 26.3% | 10.77% | 21.77% | 3.92% | 30.78% | 32.18% | -1.23% | 7.45% | 12.79% | -17.66% | 1.82% | -0.5% | 0.26% | -16.01% | -1.72% | -3.34% | -5.2% | -16.22% | 2.24% | 4.61% | 10.98% | 1.73% | 8.8% |
| Operating Expenses | 200.65M | 199.47M | 199.93M | 184.06M | 178.44M | 151.67M | 137.47M | 109.24M | 97.09M | 71.82M | 66.4M | 52.02M | 50.72M | 43.87M | 33.89M | 34.65M | 31.7M | 30.4M | 34.26M | 33.78M | 35.81M | 37.61M | 38.52M | 38.62M | 40.64M | 40.68M | 48.85M | 45.4M | 41.5M | 37.3M | 36.7M |
| OpEx % of Revenue | - | 35.23% | 35.34% | 33.88% | 30.83% | 28.24% | 26.1% | 29% | 28.03% | 26.92% | 26.29% | 24.73% | 25.85% | 28.96% | 28.36% | 30.83% | 29.94% | 29.57% | 27.69% | 28.05% | 28.05% | 28.21% | 26.83% | 28.75% | 28.03% | 26.55% | 29.13% | 27.02% | 25.82% | 25.8% | 25.95% |
| Selling, General & Admin | 199.74M | 199.47M | 199.93M | 184.06M | 178.44M | 151.67M | 137.47M | 109.24M | 97.09M | 71.82M | 66.4M | 52.02M | 50.72M | 43.87M | 33.89M | 34.65M | 31.7M | 30.4M | 34.26M | 33.78M | 35.81M | 37.61M | 38.52M | 38.62M | 40.64M | 40.68M | 43.98M | 41.2M | 37M | 32.9M | 32.3M |
| SG&A % of Revenue | - | 35.23% | 35.34% | 33.88% | 30.83% | 28.24% | 26.1% | 29% | 28.03% | 26.92% | 26.29% | 24.73% | 25.85% | 28.96% | 28.36% | 30.83% | 29.94% | 29.57% | 27.69% | 28.05% | 28.05% | 28.21% | 26.83% | 28.75% | 28.03% | 26.55% | 26.23% | 24.52% | 23.02% | 22.75% | 22.84% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 912K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.87M | 4.2M | 4.5M | 4.4M | 4.4M |
| Operating Income | 14.1M | 13.39M | 20.65M | 19.49M | 14.92M | 34.35M | 51.3M | 19.68M | 24.6M | 24.54M | 20.59M | 19.41M | 18.01M | 8.69M | 5.88M | 5.61M | 5.77M | 2.82M | 6.08M | 5.84M | 4.01M | 2.1M | 8.76M | 9.5M | 9.14M | 11.82M | 13.82M | 15.9M | 17.1M | 15.5M | 15.2M |
| Operating Margin % | 2.47% | 2.36% | 3.65% | 3.59% | 2.58% | 6.4% | 9.74% | 5.23% | 7.1% | 9.2% | 8.15% | 9.23% | 9.18% | 5.73% | 4.92% | 5% | 5.45% | 2.74% | 4.91% | 4.84% | 3.14% | 1.58% | 6.1% | 7.07% | 6.3% | 7.72% | 8.24% | 9.46% | 10.64% | 10.72% | 10.75% |
| Operating Income Growth % | - | -35.17% | 5.98% | 30.58% | -56.55% | -33.04% | 160.58% | -19.99% | 0.27% | 19.19% | 6.03% | 7.78% | 107.4% | 47.78% | 4.7% | -2.72% | 104.87% | -53.67% | 4.17% | 45.59% | 90.42% | -75.98% | -7.76% | 3.97% | -22.72% | -14.44% | -13.07% | -7.02% | 10.32% | 1.97% | 10.14% |
| EBITDA | 26.11M | 25.74M | 33.84M | 33.48M | 27.93M | 43.64M | 59.43M | 27.96M | 32.51M | 30.19M | 25.52M | 23.29M | 21.85M | 11.27M | 8.18M | 8.6M | 8.32M | 5.76M | 9.31M | 9.19M | 7.82M | 6.04M | 12.25M | 13.1M | 13.35M | 16.6M | 18.69M | 20.1M | 21.6M | 19.9M | 19.6M |
| EBITDA Margin % | 4.58% | 4.55% | 5.98% | 6.16% | 4.82% | 8.13% | 11.28% | 7.42% | 9.39% | 11.31% | 10.1% | 11.07% | 11.13% | 7.44% | 6.84% | 7.65% | 7.86% | 5.61% | 7.53% | 7.63% | 6.12% | 4.53% | 8.53% | 9.75% | 9.21% | 10.83% | 11.14% | 11.96% | 13.44% | 13.76% | 13.86% |
| EBITDA Growth % | -6.53% | -23.92% | 1.06% | 19.89% | -36% | -26.57% | 112.57% | -14% | 7.68% | 18.29% | 9.59% | 6.57% | 93.95% | 37.79% | -4.86% | 3.25% | 44.41% | -38.12% | 1.31% | 17.59% | 29.42% | -50.69% | -6.49% | -1.89% | -19.54% | -11.19% | -7.02% | -6.94% | 8.54% | 1.53% | 12% |
| D&A (Non-Cash Add-back) | 12.01M | 12.36M | 13.19M | 13.99M | 13M | 9.29M | 8.13M | 8.27M | 7.91M | 5.65M | 4.93M | 3.87M | 3.84M | 2.58M | 2.3M | 2.98M | 2.55M | 2.95M | 3.24M | 3.36M | 3.81M | 3.94M | 3.49M | 3.6M | 4.22M | 4.77M | 4.87M | 4.2M | 4.5M | 4.4M | 4.4M |
| EBIT | 14.1M | 13.39M | 20.65M | 19.49M | -33.14M | 34.35M | 53.46M | 19.68M | 24.6M | 25.58M | 20.59M | 19.41M | 18.01M | 8.69M | 4.65M | 5.61M | 5.77M | 2.82M | 4.46M | 5.84M | 5.35M | 2.1M | 8.76M | 9.5M | 8.85M | 11.82M | 13.82M | 15.9M | 17.1M | 15.5M | 15.2M |
| Net Interest Income | -4.81M | -5.14M | -6.36M | -9.72M | -4.89M | -1.22M | -2M | -4.4M | -3.21M | -802K | -688K | -519K | -484K | -195K | -30K | -27K | -23K | -119.61K | -321.13K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 41 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 4.81M | 5.14M | 6.36M | 9.72M | 4.89M | 1.22M | 2M | 4.4M | 3.21M | 802K | 688K | 519K | 484K | 195K | 30K | 27K | 23.04K | 119.61K | 321.13K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | -3.9M | -5.14M | -6.36M | -9.72M | -52.96M | -1.22M | 161K | -4.4M | -3.21M | 246K | -688K | -519K | -484K | -195K | -1.26M | -27K | -23.04K | -119.61K | -1.94M | -329.67K | -451.03K | -610.78K | -624.2K | -696.5K | -1.15M | -1.62M | -2.17M | -1.6M | -4.6M | -1.1M | -1.3M |
| Pretax Income | 10.21M | 8.25M | 14.29M | 9.77M | -38.03M | 33.13M | 51.46M | 15.29M | 21.39M | 24.78M | 19.9M | 18.9M | 17.53M | 8.49M | 4.62M | 5.59M | 5.75M | 2.7M | 4.14M | 5.51M | 3.56M | 1.49M | 8.14M | 8.8M | 8.28M | 10.2M | 11.65M | 14.3M | 12.5M | 14.4M | 13.9M |
| Pretax Margin % | 1.79% | 1.46% | 2.53% | 1.8% | -6.57% | 6.17% | 9.77% | 4.06% | 6.18% | 9.29% | 7.88% | 8.98% | 8.93% | 5.6% | 3.87% | 4.97% | 5.43% | 2.62% | 3.35% | 4.57% | 2.79% | 1.12% | 5.67% | 6.55% | 5.71% | 6.66% | 6.95% | 8.51% | 7.78% | 9.96% | 9.83% |
| Income Tax | 1.61M | 1.25M | 2.29M | 997K | -6.07M | 3.69M | 10.43M | 3.22M | 4.42M | 9.76M | 5.26M | 5.83M | 6.18M | 2.64M | 1.59M | 1.45M | 1.94M | 730K | 1.85M | 1.81M | 1.36M | 250K | 2.76M | 3.1M | 3M | 3.73M | 4.25M | 5.2M | 4.6M | 5.2M | 5.2M |
| Effective Tax Rate % | 15.81% | 15.11% | 16.02% | 10.21% | 15.95% | 11.13% | 20.27% | 21.07% | 20.66% | 39.38% | 26.43% | 30.85% | 35.26% | 31.1% | 34.41% | 25.96% | 33.76% | 27.07% | 44.68% | 32.87% | 38.23% | 16.73% | 33.91% | 35.21% | 36.21% | 36.56% | 36.47% | 36.36% | 36.8% | 36.11% | 37.41% |
| Net Income | 8.59M | 7M | 12M | 8.77M | -31.97M | 29.44M | 41.03M | 12.07M | 16.98M | 15.02M | 14.64M | 13.07M | 11.35M | 5.85M | 3.03M | 4.14M | 3.81M | 1.97M | 2.13M | 2.55M | 2.2M | 1.24M | 5.38M | 5.7M | 593.09K | 6.47M | 7.4M | 9.1M | 7.9M | 9.2M | 8.7M |
| Net Margin % | 1.51% | 1.24% | 2.12% | 1.61% | -5.52% | 5.48% | 7.79% | 3.2% | 4.9% | 5.63% | 5.79% | 6.21% | 5.78% | 3.86% | 2.54% | 3.68% | 3.6% | 1.91% | 1.72% | 2.12% | 1.72% | 0.93% | 3.75% | 4.25% | 0.41% | 4.22% | 4.41% | 5.42% | 4.92% | 6.36% | 6.15% |
| Net Income Growth % | 17.15% | -41.69% | 36.84% | 127.44% | -208.59% | -28.24% | 240.01% | -28.92% | 13% | 2.62% | 12.03% | 15.13% | 94% | 93.01% | -26.72% | 8.64% | 93.56% | -7.82% | -16.3% | 16.02% | 76.6% | -76.87% | -5.7% | 861.74% | -90.84% | -12.58% | -18.64% | 15.19% | -14.13% | 5.75% | 128.95% |
| Net Income (Continuing) | 8.59M | 7M | 12M | 8.77M | -31.97M | 29.44M | 41.03M | 12.07M | 16.98M | 15.02M | 14.64M | 13.07M | 11.35M | 5.85M | 3.03M | 4.14M | 3.81M | 1.97M | 2.29M | 3.7M | 3.06M | 1.24M | 5.38M | 5.7M | 5.1M | 6.47M | 7.4M | 9.1M | 7.9M | 9.2M | 8.7M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.58 | 0.46 | 0.73 | 0.54 | -2.03 | 1.83 | 2.65 | 0.79 | 1.10 | 0.99 | 0.98 | 0.90 | 0.41 | 0.46 | 0.25 | 0.34 | 0.32 | 0.17 | 0.17 | 0.19 | 0.16 | 0.09 | 0.36 | 0.39 | 0.04 | 0.46 | 0.52 | 0.59 | 0.50 | 0.57 | 0.54 |
| EPS Growth % | 26.67% | -36.99% | 35.19% | 126.6% | -210.93% | -30.94% | 235.44% | -28.18% | 11.11% | 1.02% | 8.89% | 119.51% | -10.87% | 84% | -26.47% | 6.25% | 88.24% | 0% | -10.53% | 18.75% | 88.24% | -76.39% | -7.69% | 875% | -91.3% | -11.54% | -11.86% | 18% | -12.28% | 5.56% | 134.78% |
| EPS (Basic) | - | 0.47 | 0.75 | 0.55 | -2.03 | 1.91 | 2.72 | 0.81 | 1.14 | 1.04 | 1.04 | 0.95 | 0.43 | 0.47 | 0.25 | 0.35 | 0.32 | 0.17 | 0.17 | 0.19 | 0.16 | 0.09 | 0.36 | 0.40 | 0.04 | 0.46 | 0.52 | 0.59 | 0.51 | 0.57 | 0.54 |
| Diluted Shares Outstanding | 14.92M | 15.32M | 16.5M | 16.16M | 15.76M | 16.09M | 15.51M | 15.27M | 15.47M | 15.12M | 14.9M | 14.52M | 13.51M | 12.69M | 12.29M | 12.19M | 11.94M | 11.92M | 12.95M | 13.42M | 13.73M | 14.64M | 15.19M | 14.63M | 14.83M | 14.22M | 14.38M | 15.56M | 15.8M | 16.14M | 16.26M |
| Basic Shares Outstanding | 14.63M | 14.97M | 16.01M | 15.97M | 15.76M | 15.44M | 15.08M | 14.95M | 14.94M | 14.51M | 14.08M | 13.75M | 13.51M | 12.52M | 12.12M | 11.97M | 11.83M | 11.92M | 12.95M | 13.42M | 13.73M | 14.64M | 14.88M | 14.44M | 14.83M | 14.22M | 14.38M | 15.56M | 15.64M | 16M | 16.26M |
| Dividend Payout Ratio | - | 127.21% | 77.34% | 104.74% | - | 24.58% | 14.9% | 50.11% | 34.38% | 35.08% | 32.16% | 32.57% | 32.28% | 14.94% | 216.89% | 78.22% | 83.95% | 165.37% | 163.73% | 140.87% | 168.03% | 320.89% | 74.64% | 68.28% | 643.78% | 59.25% | 52.78% | 46.15% | 50.63% | 39.13% | 35.63% |
Thin operating margin sensitivity
According to the latest quarterly filings, SGC's revenue growth remains inconsistent, with the most recent period showing a modest 2.8% increase, following a significant 7.5% contraction in 2025Q3, suggesting that the company struggles to maintain a stable top-line trajectory across its diversified business segments.
The revenue profile appears highly sensitive to the cyclical nature of promotional products and the lumpy timing of large-scale uniform contracts. This lack of consistent organic growth indicates that the company may be struggling to find new catalysts to offset the maturation of its core apparel business.
As reported in financial statements, SGC's operating margins have fluctuated significantly, dropping to as low as 0.2% in 2025Q1 before recovering to 0.7% in 2026Q1, highlighting a structural vulnerability where minor revenue shifts disproportionately impact the company's ability to generate meaningful operating income.
The narrow spread between gross and operating margins suggests that the company carries a heavy fixed-cost burden, likely tied to its BPO operations and administrative overhead. Investors should monitor whether management can achieve better scale-driven efficiencies to protect these thin margins from further erosion.
Based on SGC's reported figures, operating income has failed to scale consistently with gross profit, as evidenced by the 2026Q1 operating margin of 0.7% despite a gross margin of 37.1%, indicating that SG&A expenses continue to consume the majority of the company's gross profit generation.
The inability to leverage SG&A effectively suggests that the company's current operational structure is not yet optimized for profitability. This lack of operating leverage implies that the company remains highly exposed to inflationary pressures on labor and administrative costs.
Data from recent income statements reveals that stock-based compensation remains a recurring expense, with $1.3 million recorded in 2025Q1 and 2025Q2, which significantly dilutes the quality of reported net income given the company's already thin 1.24% net margin and overall earnings volatility.
The presence of consistent stock-based compensation in a low-margin environment warrants further investigation into the alignment of management incentives with shareholder value creation. These non-cash charges appear to be a persistent drag on the bottom line, complicating the assessment of true operational profitability.
Analysis of the company's historical performance suggests that the market's skepticism is justified, as the 1.24% net margin leaves virtually no room for error, making the firm highly susceptible to even minor supply chain disruptions or a downturn in corporate discretionary marketing spending.
Short-term volatility in earnings, such as the net loss observed in 2025Q1, underscores the risk inherent in the company's current business model. The reliance on disparate segments like promotional products and BPO may create a conglomerate discount that will likely persist until management demonstrates sustainable, margin-accretive growth.
Quick answers to the most common questions about buying SGC stock.
For fiscal year 2025, Superior Group of Companies, Inc. (SGC) reported total revenue of $566.2M. This represents a 300.4% increase compared to $141.4M in 1996.
Superior Group of Companies, Inc. (SGC) is profitable, generating $7.0M in net income for the fiscal year ending 2025 with a net profit margin of 1.2%.
Superior Group of Companies, Inc. (SGC) reported an operating income of $13.4M, resulting in an operating profit margin of 2.4%. This margin reflects the operational efficiency of the business before interest and taxes.
Superior Group of Companies, Inc. (SGC) generated $212.9M in gross profit for the year, representing a gross profit margin of 37.6%. This demonstrates the company's core pricing power and production efficiency.