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SPWH logoSportsman's Warehouse Holdings, Inc.(SPWH)Earnings, Financials & Key Ratios

SPWH•NASDAQ
$1.43
$55M mkt cap·Price updated May 6, 2026
SectorConsumer CyclicalIndustrySpecialty RetailSub-IndustrySporting Goods and Outdoor Retail
AboutSportsman's Warehouse Holdings, Inc., together with its subsidiaries, operates as an outdoor sporting goods retailer in the United States. It offers camping products, such as backpacks, camp essentials, canoes and kayaks, coolers, outdoor cooking equipment, sleeping bags, tents, and tools; and apparel products, including camouflage, jackets, hats, outerwear, sportswear, technical gear, and work wear. The company also provides fishing products comprising bait, electronics, fishing rods, flotation items, fly fishing products, lines, lures, reels, tackles, and small boats; and foot wear products consisting of hiking and work boots, socks, sport sandals, technical footwear, trial and casual shoes, and waders. In addition, it offers hunting and shooting products, such as ammunition, archery items, ATV accessories, blinds and tree stands, decoys, firearms, firearms safety and storage products, reloading equipment, and shooting gear products; and optics, electronics, and accessories, including gift items, GPS devices, knives, lighting, optics, and two-way radios. Further, the company's stores provide archery technician services, fishing-reel line winding, bore sighting and scope mounting, and cleaning services, as well as issues hunting and fishing licenses. Additionally, it offers various private label and special make-up offerings under the Rustic Ridge, Killik, Vital Impact, Yukon Gold, Lost Creek, and Sportsman's Warehouse brands. As of May 26, 2022, the company operated through 126 stores. Sportsman's Warehouse Holdings, Inc. was founded in 1986 and is headquartered in West Jordan, Utah.Show more
  • Revenue$1.2B-7.0%
  • EBITDA$22M+62.8%
  • Net Income-$33M-14.0%
  • EPS (Diluted)-0.87-13.0%
  • Gross Margin30.93%+3.9%
  • EBITDA Margin1.86%+75.1%
  • Operating Margin-1.52%+22.6%
  • Net Margin-2.76%-22.6%
  • ROE-13.22%-27.1%
  • ROIC-1.91%+28.2%
  • Debt/Equity1.93+6.1%
  • Interest Coverage-1.49+24.5%
Technical→

SPWH Key Insights

Sportsman's Warehouse Holdings, Inc. (SPWH) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Trading at only 0.2x book value
  • ✓Efficient asset utilization: 1.4x turnover

✗Weaknesses

  • ✗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.

SPWH Price & Volume

Sportsman's Warehouse Holdings, Inc. (SPWH) stock price & volume — 10-year historical chart

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SPWH Growth Metrics

Sportsman's Warehouse Holdings, Inc. (SPWH) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years6.14%
5 Years6.2%
3 Years-7.35%
TTM-2.92%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-9.93%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-8.22%

Return on Capital

10 Years18.02%
5 Years10.46%
3 Years0.9%
Last Year-3.2%

SPWH Peer Comparison

Sportsman's Warehouse Holdings, Inc. (SPWH) competitors in Sporting Goods and Outdoor Retail — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
ASO logoASOAcademy Sports and Outdoors, Inc.Direct Competitor3.54B54.489.832.02%6.22%18.07%6.28%0.65
DKS logoDKSDICK'S Sporting Goods, Inc.Direct Competitor20.6B226.5022.7228.06%4.93%0.06%100%0.00
CATO logoCATOThe Cato CorporationDirect Competitor51.8M2.88-2.97-8.23%-1.46%-5.76%0.90
RGR logoRGRSturm, Ruger & Company, Inc.Product Competitor645.9M40.5148.23-100%-1.99%-2.68%5.95%
SWBI logoSWBISmith & Wesson Brands, Inc.Product Competitor663.41M14.9149.70-11.42%2.47%3.28%0.31
AOUT logoAOUTAmerican Outdoor Brands, Inc.Product Competitor145.48M9.55-1591.6710.55%-4.78%-5.76%0.19
NKE logoNKENIKE, Inc.Supply Chain52.26B43.8820.31-9.84%5.43%17.92%6.25%0.83
VFC logoVFCV.F. CorporationSupply Chain7.59B19.41-39.61-9.09%2.33%12.52%4.47%3.61

Compare SPWH vs Peers

Sportsman's Warehouse Holdings, Inc. (SPWH) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs ASO

Most directly comparable listed peer for SPWH.

Scale Benchmark

vs AMZN

Larger-name benchmark to compare SPWH against a more recognizable public peer.

Peer Set

Compare Top 5

vs ASO, DKS, CATO, RGR

SPWH Income Statement

Sportsman's Warehouse Holdings, Inc. (SPWH) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemJan'17Jan'18Jan'19Jan'20Jan'21Jan'22Jan'23Jan'24Jan'25TTM
Sales/Revenue779.96M809.67M849.13M886.4M1.45B1.51B1.4B1.29B1.2B1.21B
Revenue Growth %6.86%3.81%4.87%4.39%63.78%3.74%-7.08%-7.97%-7.02%-2.92%
Cost of Goods Sold516.73M535.81M564.2M589.77M975.31M1.02B939.27M904.57M827.17M831.41M
COGS % of Revenue66.25%66.18%66.44%66.54%67.18%67.45%67.11%70.23%69.07%-
Gross Profit
263.23M▲ 0%
273.86M▲ 4.0%
284.93M▲ 4.0%
296.63M▲ 4.1%
476.45M▲ 60.6%
490.3M▲ 2.9%
460.24M▼ 6.1%
383.41M▼ 16.7%
370.47M▼ 3.4%
376.25M▲ 0%
Gross Margin %33.75%33.82%33.56%33.46%32.82%32.55%32.89%29.77%30.93%31.16%
Gross Profit Growth %10.36%4.04%4.04%4.11%60.62%2.91%-6.13%-16.69%-3.38%-
Operating Expenses202.54M227.29M240.91M263.17M353.71M399.68M402.18M408.75M388.7M392.37M
OpEx % of Revenue25.97%28.07%28.37%29.69%24.36%26.54%28.74%31.74%32.46%-
Selling, General & Admin202.75M224.13M238.26M263.17M353.71M399.68M402.18M402.08M384.96M391.09M
SG&A % of Revenue25.99%27.68%28.06%29.69%24.36%26.54%28.74%31.22%32.14%-
Research & Development0000000000
R&D % of Revenue----------
Other Operating Expenses000000003.74M1000K
Operating Income
60.69M▲ 0%
46.57M▼ 23.3%
44.02M▼ 5.5%
33.46M▼ 24.0%
122.75M▲ 266.8%
90.62M▼ 26.2%
58.06M▼ 35.9%
-25.34M▼ 143.6%
-18.24M▲ 28.0%
-16.12M▲ 0%
Operating Margin %7.78%5.75%5.18%3.78%8.46%6.02%4.15%-1.97%-1.52%-1.33%
Operating Income Growth %2.32%-23.27%-5.47%-23.98%266.81%-26.17%-35.93%-143.64%28.01%-
EBITDA74.66M64.27M62.27M79.79M169.88M148.38M118.42M13.67M22.26M23.61M
EBITDA Margin %9.57%7.94%7.33%9%11.7%9.85%8.46%1.06%1.86%1.95%
EBITDA Growth %5.33%-13.91%-3.12%28.14%112.91%-12.66%-20.19%-88.45%62.81%-12.93%
D&A (Non-Cash Add-back)13.97M17.71M18.25M46.33M47.14M57.76M60.36M39.01M40.5M39.73M
EBIT60.69M46.57M44.02M33.46M124.97M145.62M58.06M-25.34M-18.85M-16.27M
Net Interest Income-13.4M-13.74M-13.21M-8M-3.51M-1.38M-4.2M-12.87M-12.28M-12.93M
Interest Income0000000000
Interest Expense13.4M13.74M13.21M8M3.51M1.38M4.2M12.87M12.28M12.93M
Other Income/Expense-13.4M-13.74M-13.21M-8M-1.29M53.62M-4.2M-12.87M-12.89M-13.08M
Pretax Income
47.28M▲ 0%
32.83M▼ 30.6%
30.81M▼ 6.1%
25.47M▼ 17.3%
121.46M▲ 376.9%
144.24M▲ 18.8%
53.87M▼ 62.7%
-38.21M▼ 170.9%
-31.13M▲ 18.5%
-29.2M▲ 0%
Pretax Margin %6.06%4.05%3.63%2.87%8.37%9.58%3.85%-2.97%-2.6%-2.42%
Income Tax17.62M15.09M7.06M5.25M30.08M35.77M13.35M-9.21M1.93M8.22M
Effective Tax Rate %37.25%45.96%22.92%20.63%24.77%24.8%24.78%24.1%-6.2%-28.16%
Net Income
29.67M▲ 0%
17.74M▼ 40.2%
23.75M▲ 33.9%
20.21M▼ 14.9%
91.38M▲ 352.0%
108.47M▲ 18.7%
40.52M▼ 62.6%
-29M▼ 171.6%
-33.06M▼ 14.0%
-37.42M▲ 0%
Net Margin %3.8%2.19%2.8%2.28%6.29%7.2%2.9%-2.25%-2.76%-3.1%
Net Income Growth %6.83%-40.2%33.86%-14.88%352.04%18.7%-62.65%-171.57%-14.01%-9.93%
Net Income (Continuing)29.67M17.74M23.75M20.21M91.38M108.47M40.52M-29M-33.06M-37.42M
Discontinued Operations0000000000
Minority Interest0000000000
EPS (Diluted)
0.70▲ 0%
0.42▼ 40.0%
0.55▲ 31.0%
0.46▼ 16.4%
2.06▲ 347.8%
2.44▲ 18.4%
1.00▼ 59.0%
-0.77▼ 177.0%
-0.87▼ 13.0%
-0.98▲ 0%
EPS Growth %6.06%-40%30.95%-16.36%347.83%18.45%-59.02%-177%-12.99%-8.22%
EPS (Basic)0.700.420.550.472.102.481.00-0.77-0.87-
Diluted Shares Outstanding42.48M42.52M42.98M43.59M44.43M44.54M40.72M37.49M37.81M38.38M
Basic Shares Outstanding42.19M42.5M42.88M43.17M43.52M43.83M40.49M37.49M37.81M38.38M
Dividend Payout Ratio----------

SPWH Balance Sheet

Sportsman's Warehouse Holdings, Inc. (SPWH) balance sheet — assets, liabilities & shareholders' equity

Line itemJan'17Jan'18Jan'19Jan'20Jan'21Jan'22Jan'23Jan'24Jan'25TTM
Total Current Assets255.92M280.75M293.57M291.64M324.65M467.47M425.9M380.05M366M468.31M
Cash & Short-Term Investments1.91M1.77M1.55M1.69M65.53M57.02M2.39M3.14M2.83M1.8M
Cash Only1.91M1.77M1.55M1.69M65.53M57.02M2.39M3.14M2.83M1.8M
Short-Term Investments0000000000
Accounts Receivable411K319K249K1.72M581K1.94M2.05M2.12M2.41M2.67M
Days Sales Outstanding0.190.140.110.710.150.470.540.60.730.75
Inventory246.29M270.59M276.6M275.5M243.43M386.56M399.13M354.71M341.96M443.5M
Days Inventory Outstanding173.97184.33178.94170.5191.1138.9155.1143.13150.89179.54
Other Current Assets00000022.33M20.08M18.8M20.34M
Total Non-Current Assets90.32M98.91M95.33M325M336.17M373.11M433.06M506.16M486.1M480.55M
Property, Plant & Equipment83.11M94.03M92.08M323.29M334.38M371.35M431.18M503.83M484.34M478.81M
Fixed Asset Turnover9.38x8.61x9.22x2.74x4.34x4.06x3.25x2.56x2.47x2.48x
Goodwill0001.5M1.5M1.5M1.5M1.5M1.5M1.5M
Intangible Assets2.12M276K246K220K289K264K389K327K267K239K
Long-Term Investments0000000000
Other Non-Current Assets0000000000
Total Assets
346.25M▲ 0%
379.66M▲ 9.7%
388.9M▲ 2.4%
616.64M▲ 58.6%
660.82M▲ 7.2%
840.58M▲ 27.2%
858.96M▲ 2.2%
886.21M▲ 3.2%
852.1M▼ 3.8%
948.85M▲ 0%
Asset Turnover2.25x2.13x2.18x1.44x2.20x1.79x1.63x1.45x1.41x1.31x
Asset Growth %14.91%9.65%2.43%58.56%7.16%27.2%2.19%3.17%-3.85%-0.01%
Total Current Liabilities147.22M155.55M240.67M264.78M227.43M284.41M295.82M314.65M283.96M392.83M
Accounts Payable31.55M36.79M24.95M38.16M77.44M58.92M61.95M56.12M64.04M90.12M
Days Payables Outstanding22.2925.0616.1423.6128.9821.1724.0722.6528.2638.96
Short-Term Debt61.95M60.98M152.22M122.01M13.45M66.05M87.5M126.04M74.65M151.22M
Deferred Revenue (Current)18.02M22.87M21.84M25.7M38.45M42.06M41.2M38.04M36.6M137.28M
Other Current Liabilities3.15M4.59M12.92M0-13.45M00000
Current Ratio1.74x1.80x1.22x1.10x1.43x1.64x1.44x1.21x1.29x1.29x
Quick Ratio0.07x0.07x0.07x0.06x0.36x0.28x0.09x0.08x0.08x0.08x
Cash Conversion Cycle151.88159.41162.91147.662.27118.2131.56121.08123.37141.34
Total Non-Current Liabilities169.03M174.31M69.57M241.6M228.73M242.01M270.02M307M332.44M347.13M
Long-Term Debt133.72M132.35M27.72M23.78M000024.07M43.85M
Capital Lease Obligations000217.25M228.3M236.23M260.48M307M307.42M1.24B
Deferred Tax Liabilities000562K434K5.78M9.54M0946K946K
Other Non-Current Liabilities35.31M41.96M41.85M0000000
Total Liabilities316.25M329.86M310.24M506.37M456.16M526.41M565.85M621.65M616.4M739.97M
Total Debt195.68M193.33M179.94M397.54M277.75M343.2M393.45M481.74M455.27M550.61M
Net Debt193.76M191.56M178.39M395.85M212.23M286.19M391.06M478.6M452.44M548.81M
Debt / Equity6.52x3.88x2.29x3.61x1.36x1.09x1.34x1.82x1.93x1.93x
Debt / EBITDA2.62x3.01x2.89x4.98x1.63x2.31x3.32x35.24x20.45x23.32x
Net Debt / EBITDA2.60x2.98x2.86x4.96x1.25x1.93x3.30x35.01x20.33x20.33x
Interest Coverage4.53x3.39x3.33x4.19x35.01x65.67x13.84x-1.97x-1.49x-1.26x
Total Equity
30M▲ 0%
49.8M▲ 66.0%
78.66M▲ 58.0%
110.27M▲ 40.2%
204.66M▲ 85.6%
314.17M▲ 53.5%
293.11M▼ 6.7%
264.56M▼ 9.7%
235.7M▼ 10.9%
208.89M▲ 0%
Equity Growth %1557.07%65.99%57.96%40.18%85.6%53.51%-6.7%-9.74%-10.91%-48.61%
Book Value per Share0.711.171.832.534.617.057.207.066.235.44
Total Shareholders' Equity30M49.8M78.66M110.27M204.66M314.17M293.11M264.56M235.7M208.89M
Common Stock422K426K430K433K436K439K375K375K380K384K
Retained Earnings-50.57M-32.83M-6.44M23.03M114.41M222.88M213M182.38M149.32M120.99M
Treasury Stock0000000000
Accumulated OCI0000000000
Minority Interest0000000000

SPWH Cash Flow Statement

Sportsman's Warehouse Holdings, Inc. (SPWH) cash flow — operating, investing & free cash flow history

Line itemJan'17Jan'18Jan'19Jan'20Jan'21Jan'22Jan'23Jan'24Jan'25TTM
Cash from Operations15.48M30.77M32.17M77.87M238.82M-21.63M46.79M52.27M34.15M34.15M
Operating CF Margin %1.98%3.8%3.79%8.78%16.45%-1.44%3.34%4.06%2.85%-
Operating CF Growth %-56.59%98.78%4.54%142.02%206.7%-109.06%316.38%11.69%-34.66%-446.72%
Net Income29.67M17.74M23.75M20.21M91.38M108.47M40.52M-29M-33.06M-37.42M
Depreciation & Amortization13.97M17.71M18.25M19.32M21.83M26.23M31.78M56.11M40.5M39.73M
Stock-Based Compensation3.19M2.29M2.83M2.1M3.3M3.33M4.67M4.45M4.23M2.63M
Deferred Taxes167K502K714K710K-919K5.34M3.77M-10.05M1.45M8.04M
Other Non-Cash Items6.98M9.32M2.64M27.04M24.43M31.79M28.77M-60K9.29M12.94M
Working Capital Changes-38.49M-16.79M-16.01M8.48M98.8M-196.78M-62.7M30.81M11.74M-62.43M
Change in Receivables58K92K70K-655K323K-1.36M-116K-67K-290K-371K
Change in Inventory-28.5M-24.3M-6.01M20.25M39.94M-143.13M-12.57M44.42M12.75M-80.06M
Change in Payables-15.53M7.54M-11.73M12.71M37.81M-20.38M-1.51M1.79M8M33.62M
Cash from Investing-27.49M-32.14M-16.25M-49.06M-26.23M-53.45M-60.59M-79.89M-14.48M-18.02M
Capital Expenditures-39.42M-41.17M-18.2M-30.37M-19.75M-53.45M-63.51M-79.89M-14.56M-18.05M
CapEx % of Revenue5.05%5.08%2.14%3.43%1.36%3.55%4.54%6.2%1.22%-
Acquisitions11.92M9.04M1.94M-28.54M-6.47M000011K
Investments----------
Other Investing11.92M9.04M1.94M9.84M002.92M076K21K
Cash from Financing11.81M1.22M-16.14M-28.66M-148.75M66.57M-40.84M28.38M-19.98M53.78M
Debt Issued (Net)12.61M-2.58M-14.46M-28.7M-146.08M66.05M21.45M38.54M-26.39M46.56M
Equity Issued (Net)-1000K-635K-703K-369K580K-1000K-1000K-1000K304K-111K
Dividends Paid0000000000
Share Repurchases-1.23M-635K-703K-369K403K-2.29M-64.75M-2.75M304K-30K
Other Financing433K4.43M-980K403K-3.25M2.81M2.46M-7.41M6.11M7.33M
Net Change in Cash
-198K▲ 0%
-142K▲ 28.3%
-222K▼ 56.3%
138K▲ 162.2%
63.84M▲ 46160.9%
-8.51M▼ 113.3%
-54.63M▼ 542.2%
752K▲ 101.4%
-309K▼ 141.1%
-756K▲ 0%
Free Cash Flow
-23.93M▲ 0%
-10.4M▲ 56.6%
13.98M▲ 234.4%
47.49M▲ 239.8%
219.06M▲ 361.2%
-75.08M▼ 134.3%
-16.72M▲ 77.7%
-27.63M▼ 65.3%
19.59M▲ 170.9%
-54.57M▲ 0%
FCF Margin %-3.07%-1.28%1.65%5.36%15.09%-4.98%-1.19%-2.15%1.64%-4.52%
FCF Growth %-1503.81%56.56%234.44%239.78%361.24%-134.27%77.73%-65.27%170.91%-192.72%
FCF per Share-0.56-0.240.331.094.93-1.69-0.41-0.740.520.52
FCF Conversion (FCF/Net Income)0.52x1.73x1.35x3.85x2.61x-0.20x1.15x-1.80x-1.03x1.46x
Interest Paid11.96M13.53M13.24M7.95M3.51M1.38M3.4M12.09M11.46M8.32M
Taxes Paid18.44M12.84M7.09M7.29M25.3M25.84M18.15M1.65M411K932K

SPWH Key Ratios

Sportsman's Warehouse Holdings, Inc. (SPWH) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201620172018201920202021202220232024TTM
Return on Equity (ROE)212.36%44.47%36.98%21.4%58.03%41.81%13.34%-10.4%-13.22%-17.92%
Return on Invested Capital (ROIC)22.76%15.02%13.25%6.58%19.95%13.36%6.78%-2.66%-1.91%-1.91%
Gross Margin33.75%33.82%33.56%33.46%32.82%32.55%32.89%29.77%30.93%31.16%
Net Margin3.8%2.19%2.8%2.28%6.29%7.2%2.9%-2.25%-2.76%-3.1%
Debt / Equity6.52x3.88x2.29x3.61x1.36x1.09x1.34x1.82x1.93x1.93x
Interest Coverage4.53x3.39x3.33x4.19x35.01x65.67x13.84x-1.97x-1.49x-1.26x
FCF Conversion0.52x1.73x1.35x3.85x2.61x-0.20x1.15x-1.80x-1.03x1.46x
Revenue Growth6.86%3.81%4.87%4.39%63.78%3.74%-7.08%-7.97%-7.02%-2.92%

SPWH Frequently Asked Questions

Sportsman's Warehouse Holdings, Inc. (SPWH) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Sportsman's Warehouse Holdings, Inc. (SPWH) reported $1.21B in revenue for fiscal year 2024. This represents a 221% increase from $376.6M in 2011.

Sportsman's Warehouse Holdings, Inc. (SPWH) saw revenue decline by 7.0% over the past year.

Sportsman's Warehouse Holdings, Inc. (SPWH) reported a net loss of $37.4M for fiscal year 2024.

Dividend & Returns

Sportsman's Warehouse Holdings, Inc. (SPWH) has a return on equity (ROE) of -13.2%. Negative ROE indicates the company is unprofitable.

Sportsman's Warehouse Holdings, Inc. (SPWH) had negative free cash flow of $54.6M in fiscal year 2024, likely due to heavy capital investments.

Explore More SPWH

Sportsman's Warehouse Holdings, Inc. (SPWH) financial analysis — history, returns, DCA and operating performance tools

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Dividend History

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EPS trends, net income & profitability

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Price History

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