Friday 6 November 2026
Export SG’s income statement to Excel — free account
Sweetgreen, Inc.
SG Consumer Cyclical Restaurants
Sweetgreen, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $679.5 million, roughly unchanged from fiscal 2024.
- Revenue
- +3.81%
- EPS
- −10.0%
- Free cash flow
- +19.8%
Quarter to June 2026, against a year earlier
11.60
0.20
−1.69%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | 274 | 221 | 340 | 470 | 584 | 677 | 679 | 682 | +16.3% | 762 | 825 | 910 | +10.2% | |
| Gross margin, % | — | — | — | 16.04 | (3.94) | 11.89 | 14.74 | 17.45 | 19.64 | 15.24 | 11.75 | (0.8) pt | ||||||
| EBT | — | — | — | (68) | (141) | (153) | (189) | (113) | (92) | (134) | 15 | +12.0% | ||||||
| EBT margin, % | — | — | — | (24.77) | (64.01) | (45.02) | (40.22) | (19.35) | (13.54) | (19.72) | 2.25 | +5.1 pt | ||||||
| Net income | — | 0 | — | (68) | (141) | (153) | (190) | (113) | (90) | (134) | 14 | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | 18.18 | 13.74 | 12.23 | 4.27 | 5.22 | 5.92 | 5.76 | 5.73 | (17.4%) | |||||
| Earnings | — | — | — | (4.50) | (8.80) | (5.51) | (1.73) | (1.01) | (0.79) | (1.14) | 0.11 | (20.5%) | ||||||
| Cash flow | — | — | — | (2.47) | (5.63) | (2.32) | (0.39) | 0.24 | 0.38 | (0.11) | (0.23) | (40.7%) | ||||||
| Capex | — | — | — | (2.96) | (3.54) | (3.34) | (0.93) | (0.86) | (0.81) | (0.97) | (0.81) | (17.0%) | ||||||
| Free cash flow | — | — | — | (5.43) | (9.17) | (5.66) | (1.32) | (0.62) | (0.43) | (1.08) | (1.04) | (23.6%) | ||||||
| Book value | — | — | — | 22.04 | 12.35 | 23.51 | 4.91 | 4.31 | 3.90 | 3.02 | 3.93 | (28.2%) | ||||||
| Shares, m | — | — | — | 15 | 16 | 28 | 110 | 112 | 114 | 118 | 118 | +40.9% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 105.45 | 0.0 | |||||
| P/S | — | — | — | 3.16 | 3.16 | 5.45 | 2.03 | 2.12 | 5.42 | 1.17 | 2.02 | 3.2 | ||||||
| P/B | — | — | — | 0.00 | 0.00 | 2.84 | 1.76 | 2.57 | 8.22 | 2.24 | 2.95 | 2.5 | ||||||
| EV/Sales | — | — | — | 2.70 | 2.70 | 4.06 | 1.32 | 1.68 | 5.10 | 1.04 | 1.81 | 2.7 | ||||||
| EV/FCF | — | — | — | (3.44) | (3.44) | (8.78) | (4.27) | (14.16) | (70.69) | (5.58) | (10.00) | (15.8) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | (37) | (90) | (65) | (43) | 26 | 43 | (13) | (28) | (16.4%) | |||||
| Capex | — | — | — | (45) | (57) | (93) | (102) | (96) | (92) | (114) | (96) | +16.9% | ||||||
| Free cash flow | — | — | — | (82) | (147) | (157) | (145) | (69) | (49) | (127) | (124) | +7.6% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | 229 | 80 | 459 | 274 | 185 | 119 | 11 | 50 | (39.7%) | |||||
| Net debt | — | — | — | (249) | (103) | (472) | (332) | (257) | (215) | (89) | (143) | (15.7%) | ||||||
| Shareholders’ equity | — | — | — | 332 | 198 | 653 | 541 | 483 | 446 | 356 | 468 | +1.2% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | (35.15) | (43.31) | (29.79) | (22.79) | (12.84) | (10.55) | (16.30) | 1.58 | +18.8 pt | |||||
| ROIC | — | — | — | (52.65) | (92.53) | (46.37) | (57.65) | (33.93) | (25.85) | (32.62) | (28.10) | +20.0 pt | ||||||
| ROE | — | — | — | 28.27 | 58.78 | (88.60) | (31.89) | (22.15) | (19.46) | (33.42) | 3.07 | (61.7) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | 4,877 | 5,952 | 6,186 | 6,407 | 6,486 | — | +7.4% | |||||
| Revenue/emp, $m | — | — | — | 0.00 | 0.00 | 0.07 | 0.08 | 0.09 | 0.11 | 0.10 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026
Sweetgreen, Inc. vs peers in Restaurants (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| CHA Chagee Holdings Limited - Sponsored ADR | $1.5B | 12.1× | 9.1× | +8.20% (above 0%: growing) | +620.00% (above 0%: growing) | +49.31% (above 0%: growing) | 53.99% | 15.37% | Compare |
| CBRL Cracker Barrel Old Country Store, Inc. | $1.5B | 47.5× | 36.9× | −2.15% (below 0%: shrinking) | +83.33% (above 0%: growing) | +191.55% (above 0%: growing) | 71.25% | 1.55% | Compare |
| WEN The Wendy's Company | $1.5B | 15.6× | 15.3× | −0.46% (below 0%: shrinking) | −65.22% (below 0%: shrinking) | −20.35% (below 0%: shrinking) | 57.01% | 10.20% | Compare |
| ARCO Arcos Dorados Holdings Inc. | $1.5B | 5.7× | 8.5× | +14.30% (above 0%: growing) | +100.00% (above 0%: growing) | +254.29% (above 0%: growing) | 11.81% | 5.56% | Compare |
| SG Sweetgreen, Inc. | $1.4B | 105× | — (loss-making) | +3.81% (above 0%: growing) | n/m | +19.78% (above 0%: growing) | 13.07% | (14.23%) | |
| BJRI BJ's Restaurants, Inc. | $1.2B | 29.9× | 28.0× | +6.37% (above 0%: growing) | −11.00% (below 0%: shrinking) | −84.81% (below 0%: shrinking) | 74.52% | 4.74% | Compare |
| BH Biglari Holdings Inc. | $1.0B | — (loss-making) | 24.0× | +7.86% (above 0%: growing) | −18.71% (below 0%: shrinking) | −66.30% (below 0%: shrinking) | 41.26% | 12.17% | Compare |
| BLMN Bloomin' Brands, Inc. | $896.5M | 32.7× | 11.5× | +1.34% (above 0%: growing) | +23.33% (above 0%: growing) | +321.24% (above 0%: growing) | 39.06% | 3.77% | Compare |
| FWRG First Watch Restaurant Group, Inc. | $809.9M | 39.8× | 138× | +10.71% (above 0%: growing) | +55.20% (above 0%: growing) | +2.94% (above 0%: growing) | 21.13% | 3.16% | Compare |
| Median of peers | $1.4B | 29.9× | 19.7× | +7.12% | +39.27% | +26.13% | 47.63% | 5.15% |
Pay and ownership Proxy statement filed 23 April 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2025 | 3.23m | (36.15m) | 25.00 |
| 2024 | 910.55k | 52.28m | 116.00 |
| 2023 | 622.55k | 6.74m | 40.00 |
| 2022 | 350.14k | (61.52m) | 32.00 |
| 2021 | 38.83m | 111.25m | 112.00 |
Ownership
Directors and executive officers, together
55.30% of the votes
Jonathan Neman and affiliates
20.30% of the votes
Nathaniel Ru and affiliates
18.10% of the votes
Nicolas H. Jammet and affiliates
17.90% of the votes
Ballie Gifford & Co
4.90% of the votes
The Vanguard Group
3.70% of the votes
BlackRock, Inc.
3.10% of the votes
Woodson Capital Group
2.70% of the votes
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement