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%
Market cap
$1.4B
P/E
105×
Fwd P/E
−78.7×
Dividend yield
—
F-score
3/9
Altman Z
−0.39
Beneish M
−3.01
Dividend safety
n/a

Insider Decisions last twelve months

Bought, $m 3.41
Sold, $m 0.25
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — 1 1 — — — — — — —
Sell — — — — — 2 — — 2 — — —
Insider Ownership 15.46%

Capital & Financial Ratios $m

Size
Market Cap 1,370.00
Revenue ttm 681.77
Net income ttm 13.67
Free cash flow ttm (123.66)
Net debt Q (142.63)
Valuation
P/E 105.45 (above 35: high)
Forward P/E (78.70) (negative: loss-making)
Price / sales 2.02
Forward P/S Powerpack
Price / FCF 0.00
Price / book 2.95
Financial health
Current ratio Q 1.43
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q (442.10)
Growth
Revenue growth Q +3.81% (above 0%: growing)
Operating income growth Q −3.74% (below 0%: shrinking)
EPS, this year +69.43% (at or above 15%: strong)
EPS, next year A −140.67% (below 0%: weak)
Revenue, next year A +12.19% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +15.79% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/S against its own 10 years 32.83%
10-year low 10-year high
P/B against its own 10 years 56.45%
10-year low 10-year high
EV/Sales against its own 10 years 43.50%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 257 215 89 143
Receivables 4 5 5 6
Inventory 2 2 2 3
Other 7 5 26 1
276 235 130 164
2023 2024 2025 Q'26
Payables 17 19 20 14
ST’ Debt — — — —
Other 6 10 8 0
92 116 119 114

Compound Annual Growth %

10y 5y 3y
Sales — 25.23% 13.06%
Cash Flow — 0.00% 0.00%
Earnings — 0.00% 0.00%
Book Value — 12.43% (13.02%)

Earnings Trends EPS, adjusted, against the consensus

EPS $

Mar Jun Sep Dec Year
’26 1.05 (0.22) — — —
’25 (0.21) (0.20) (0.31) (0.42) (1.14)
’24 (0.23) (0.13) (0.18) (0.25) (0.79)
’23 (0.30) (0.24) (0.22) (0.24) (1.01)
’22 (0.45) (0.36) (0.43) (0.44) (1.73)
’21 (1.77) (1.55) (1.58) (1.14) (5.51)
’20 — (0.36) (0.34) — (8.80)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 162 193 — — —
’25 166 186 172 155 679
’24 158 185 173 161 677
’23 125 153 153 153 584
’22 103 125 124 119 470
’21 61 86 96 96 340
’20 — 33 56 — 221
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (17) 0 — — —
’25 (13) 10 (1) (9) (13)
’24 3 19 15 6 43
’23 (3) 8 13 9 26
’22 (17) (2) (7) (17) (43)
’21 (16) (11) (9) (28) (65)
’20 — — (19) (90) (90)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (32) (12) — — —
’25 (32) (15) (39) (41) (127)
’24 (12) (2) (12) (23) (49)
’23 (36) (18) (8) (8) (69)
’22 (37) (32) (27) (50) (145)
’21 (34) (35) (33) (56) (157)
’20 — — (19) (138) (147)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.3
1Buy 2 3Hold 4 5Sell

Ten 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

All 10 years →

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%

All 55 Restaurants stocks →

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

Sweetgreen, Inc. (SG) Latest News

22 Oct

20 Oct

12 Oct

9 Oct

8 Oct

21 Sep

14 Sep

Impact 3 · · nrn.com
stockrow.com/SG · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com