29 years of historical data (1997–2025) · Consumer Cyclical · Furnishings, Fixtures & Appliances
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Sleep Number Corporation currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $69M | $197M | $344M | $333M | $594M | $1.9B | $2.3B | $1.5B | $1.1B | $1.6B | $1.1B |
| Enterprise Value | $421M | $549M | $1.3B | $1.3B | $1.5B | $2.7B | $2.9B | $2.1B | $1.3B | $1.6B | $1.1B |
| P/E Ratio → | -0.52 | — | — | — | 16.24 | 12.44 | 16.71 | 18.24 | 16.53 | 24.25 | 20.56 |
| P/S Ratio | 48.59 | 139.36 | 0.20 | 0.18 | 0.28 | 0.87 | 1.25 | 0.88 | 0.75 | 1.10 | 0.81 |
| P/B Ratio | — | — | — | — | — | — | — | — | — | 17.74 | 6.62 |
| P/FCF | — | — | 94.43 | — | — | 8.20 | 9.67 | 11.50 | 13.34 | 14.03 | 11.31 |
| P/OCF | — | — | 12.66 | — | 16.43 | 6.37 | 8.32 | 7.90 | 8.72 | 9.17 | 7.00 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 389.17 | 0.76 | 0.69 | 0.70 | 1.24 | 1.57 | 1.23 | 0.88 | 1.11 | 0.82 |
| EV / EBITDA | — | — | 14.32 | 13.66 | 11.00 | 10.63 | 11.82 | 11.97 | 8.71 | 10.46 | 8.02 |
| EV / EBIT | — | — | 55.86 | 56.78 | 21.92 | 13.95 | 15.75 | 18.57 | 14.56 | 17.44 | 14.01 |
| EV / FCF | — | — | 351.20 | — | — | 11.58 | 12.10 | 16.02 | 15.64 | 14.21 | 11.45 |
Margins and return-on-capital ratios measuring operating efficiency
Sleep Number Corporation earns an operating margin of -3.3%, below the Consumer Cyclical sector average of 2.9%. Operating margins have compressed from 1.2% to -3.3% over the past 3 years, signaling potential cost pressures or competitive headwinds.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 59.0% | 59.0% | 59.6% | 57.7% | 56.9% | 60.4% | 62.3% | 61.9% | 60.6% | 62.1% | 61.8% |
| Operating Margin | -3.3% | -3.3% | 1.4% | 1.2% | 3.2% | 8.9% | 10.0% | 6.6% | 6.0% | 6.4% | 5.8% |
| Net Profit Margin | -9.4% | -9.4% | -1.2% | -0.8% | 1.7% | 7.0% | 7.5% | 4.8% | 4.5% | 4.5% | 3.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | — | — | — | — | 52.2% | 26.9% |
| ROA | -0.0% | -0.0% | -2.2% | -1.6% | 3.9% | 17.9% | 17.3% | 12.8% | 14.8% | 14.0% | 10.6% |
| ROIC | -0.0% | -0.0% | 3.4% | 3.5% | 12.4% | 40.1% | 35.2% | 32.6% | 69.9% | 48.7% | 29.5% |
| ROCE | — | — | — | 117.9% | 368.1% | 246.6% | 104.0% | 116.3% | 125.8% | 46.3% | 29.5% |
Solvency and debt-coverage ratios — lower is generally safer
Net debt stands at $353M ($354M total debt minus $2M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | — | — | — | — | — | 0.27 | 0.15 |
| Debt / EBITDA | — | — | 10.49 | 10.20 | 6.62 | 3.12 | 2.39 | 3.38 | 1.29 | 0.16 | 0.18 |
| Net Debt / Equity | — | — | — | — | — | — | — | — | — | 0.23 | 0.08 |
| Net Debt / EBITDA | — | — | 10.47 | 10.18 | 6.61 | 3.11 | 2.37 | 3.37 | 1.28 | 0.14 | 0.10 |
| Debt / FCF | — | — | 256.78 | — | — | 3.38 | 2.43 | 4.52 | 2.30 | 0.18 | 0.14 |
| Interest Coverage | -0.94 | -0.94 | 0.47 | 0.54 | 3.58 | 30.99 | 20.72 | 9.67 | 15.64 | 94.27 | 94.51 |
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.16x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 0.22x to 0.16x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.16 | 0.16 | 0.20 | 0.22 | 0.21 | 0.23 | 0.28 | 0.27 | 0.31 | 0.50 | 0.61 |
| Quick Ratio | 0.16 | 0.16 | 0.09 | 0.10 | 0.09 | 0.11 | 0.15 | 0.12 | 0.14 | 0.22 | 0.28 |
| Cash Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.01 | 0.05 |
| Asset Turnover | — | 0.00 | 1.95 | 1.98 | 2.22 | 2.38 | 2.32 | 2.11 | 3.26 | 3.06 | 2.87 |
| Inventory Turnover | — | — | 6.59 | 6.92 | 8.00 | 8.20 | 8.61 | 7.42 | 7.11 | 6.49 | 6.68 |
| Days Sales Outstanding | — | — | 3.80 | 5.19 | 4.49 | 4.30 | 6.27 | 4.29 | 5.91 | 4.88 | 5.48 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Sleep Number Corporation returns 1.8% to shareholders annually primarily through share buybacks.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | 6.2% | 8.0% | 6.0% | 5.5% | 6.1% | 4.1% | 4.9% |
| FCF Yield | — | — | 1.1% | — | — | 12.2% | 10.3% | 8.7% | 7.5% | 7.1% | 8.8% |
| Buyback Yield | 1.8% | 0.6% | 0.2% | 1.1% | 10.8% | 20.0% | 10.1% | 11.0% | 23.7% | 9.8% | 11.9% |
| Total Shareholder Yield | 1.8% | 0.6% | 0.2% | 1.1% | 10.8% | 20.0% | 10.1% | 11.0% | 23.7% | 9.8% | 11.9% |
| Shares Outstanding | — | $23M | $23M | $22M | $23M | $25M | $28M | $30M | $36M | $42M | $47M |
Compare SNBR with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| $69M | -0.5 | — | — | 59.0% | -3.3% | — | -0.0% | — | |
| $56M | -1.1 | — | — | 40.2% | -6.8% | — | -15.8% | — | |
| $230M | 22.9 | 11.6 | 13.2 | 58.5% | 2.0% | 5.3% | 3.3% | 6.5 | |
| $567M | 11.1 | 9.9 | 9999.0 | 60.5% | 10.1% | 10.7% | 7.6% | 2.0 | |
| $2B | 36.4 | 14.1 | — | 44.5% | 10.1% | — | 6.9% | 8.7 | |
| $661M | 15.8 | 11.1 | 11.2 | 38.9% | 6.4% | 17.7% | 9.6% | 6.5 | |
| $294M | 15.5 | 10.4 | 8.7 | 22.2% | 6.0% | 12.7% | 9.9% | 2.0 | |
| $14M | -0.1 | 20.3 | — | 35.4% | 1.1% | — | 1.6% | 21.3 | |
| $23B | 21.1 | 14.2 | 21.8 | 46.2% | 18.1% | 51.5% | 44.3% | 0.9 | |
| $12B | 11.6 | 6.6 | 9.8 | 22.5% | 3.3% | 33.9% | 18.7% | 1.9 | |
| $9B | -27.3 | 35.0 | 18.7 | 30.2% | 0.1% | — | — | 12.6 | |
| Consumer Cyclical Median | — | 19.6 | 11.4 | 15.0 | 36.9% | 2.9% | 5.6% | 5.8% | 4.4 |
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Sleep Number Corporation's current P/E ratio is -0.5x. The historical average is 24.3x.
Based on historical data, Sleep Number Corporation is trading at a P/E of -0.5x. Compare with industry peers and growth rates for a complete picture.
Sleep Number Corporation has 59.0% gross margin and -3.3% operating margin.