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Sportsman's Warehouse Holdings, Inc.

SPWH Consumer Cyclical Specialty Retail

Sportsman's Warehouse Holdings, Inc.’s revenue for fiscal 2026 (year ended January 2026) was $1.2 billion, up 0.96% from fiscal 2025.

Revenue
+0.57%
EPS
+38.9%
Free cash flow
+54.2%
Total debt
−12.9%

Quarter to July 2026, against a year earlier

1.06 0.01 −0.93%
Market cap
$41.9M
P/E
0.0×
Fwd P/E
−2.0×
Dividend yield
—
F-score
4/9
Altman Z
n/a
Beneish M
−2.26
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 8.56%

Capital & Financial Ratios $m

Size
Market Cap 41.88
Revenue ttm 1,217.84
Net income ttm (48.00)
Free cash flow ttm 31.73
Net debt Q 167.99
Valuation
P/E 0.00
Forward P/E (2.04) (negative: loss-making)
Price / sales 0.03
Forward P/S Powerpack
Price / FCF 1.32
Price / book 0.26
Financial health
Current ratio Q 1.17
Debt / equity Q 1.04
Interest coverage Q (0.34)
Growth
Revenue growth Q +0.57% (above 0%: growing)
Operating income growth Q +64.78% (above 0%: growing)
EPS, this year +41.07% (at or above 15%: strong)
EPS, next year A +33.33% (at or above 15%: strong)
Revenue, next year A +0.98%
EPS, past 5 yrs —
EPS, next 5 yrs A −1.85% (below 0%: weak)

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

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.2×, against a ten-year median of 0.5×; over the ten years it ranged from 0.1× in 2025 to 1.1× in 2016.
P/S against its own 10 years 0.73%
10-year low 10-year high
P/B against its own 10 years 2.48%
10-year low 10-year high
EV/Sales against its own 10 years 7.09%
10-year low 10-year high
EV/FCF against its own 10 years 36.45%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 3 3 2 2
Receivables 2 2 4 3
Inventory 355 342 313 399
Other — — — —
380 366 338 424
2024 2025 2026 Q'26
Payables 56 64 45 71
ST’ Debt 126 75 48 125
Other — — — —
315 284 249 363

Compound Annual Growth %

10y 5y 3y
Sales 5.52% (3.59%) (4.76%)
Cash Flow (1.22%) (33.39%) (12.52%)
Earnings 0.00% 0.00% 0.00%
Book Value 0.00% (1.63%) (13.67%)

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate −0.11 Actual −0.08

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 0.09 0.08 Miss by 0.01
Q4 FY25 −0.09 −0.10 Miss by 0.01
Q1 FY26 −0.58 −0.39 Beat by 0.19
Q2 FY26 −0.11 −0.08 Beat by 0.03
Q3 FY26 0.12 — Reports 3 December 2026

EPS $

Apr Jul Oct Jan Year
’26 (0.56) (0.11) — — —
’26 (0.56) (0.18) 0.00 (0.56) (1.30)
’25 (0.48) (0.16) (0.01) (0.23) (0.87)
’24 (0.42) (0.09) (0.04) (0.23) (0.77)
’23 0.05 0.35 0.33 0.29 1.00
’22 0.23 0.40 0.49 1.31 2.44
’21 (0.03) 0.73 0.68 0.66 2.06
Fiscal quarters ending in the months shown.

Revenue $m

Apr Jul Oct Jan Year
’26 256 296 — — —
’26 249 294 331 335 1,209
’25 244 289 324 340 1,198
’24 268 309 341 370 1,288
’23 310 351 360 379 1,400
’22 327 362 401 416 1,506
’21 247 381 386 438 1,452
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Apr Jul Oct Jan Year
’26 (55) (12) — — —
’26 (60) (27) 16 102 31
’25 (35) 19 (3) 53 34
’24 (37) (21) 42 69 52
’23 (17) 25 7 32 47
’22 (4) (64) (11) 57 (22)
’21 31 114 26 67 239
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Apr Jul Oct Jan Year
’26 (60) (16) — — —
’26 (64) (34) 9 98 9
’25 (38) 14 (6) 50 20
’24 (60) (51) 22 60 (28)
’23 (29) 14 (9) 7 (17)
’22 (10) (76) (31) 42 (75)
’21 26 111 19 63 219
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to January

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 TTM Jul ’26 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Income, $m
Income, $m Revenue 780 810 849 886 1,452 1,506 1,400 1,288 1,198 1,209 1,218 +5.0% 1,221 1,212 — +0.1%
Gross margin, % 33.75 33.82 33.56 33.46 32.82 32.55 32.89 29.77 30.93 30.89 30.85 (2.9) pt
EBT 47 33 31 25 121 144 54 (38) (31) (51) (47) n/m
EBT margin, % 6.06 4.05 3.63 2.87 8.37 9.58 3.85 (2.97) (2.60) (4.23) (3.84) (10.3) pt
Net income 30 18 24 20 91 108 41 (29) (33) (50) (48) n/m
Per share, $
Per share, $ Revenue 18.49 19.05 19.80 20.53 33.35 34.36 34.57 34.36 31.68 31.50 31.19 +6.1%
Earnings 0.70 0.42 0.55 0.47 2.10 2.47 1.00 (0.77) (0.87) (1.30) (1.23) n/m
Cash flow 0.37 0.72 0.75 1.80 5.49 (0.49) 1.16 1.39 0.90 0.82 1.30 +9.3%
Capex (0.93) (0.97) (0.42) (0.70) (0.45) (1.22) (1.57) (2.13) (0.38) (0.58) (0.49) (5.1%)
Free cash flow (0.57) (0.24) 0.33 1.11 5.03 (1.71) (0.41) (0.74) 0.52 0.23 0.81 n/m
Book value 0.71 1.17 1.83 2.55 4.70 7.17 7.24 7.06 6.23 4.91 4.20 +24.0%
Shares, m 42 42 43 43 44 44 40 37 38 38 39 (1.0%)
Valuation, ×
Valuation, × P/E 10.52 12.37 9.35 14.09 8.31 4.44 9.16 0.00 0.00 0.00 0.00 6.8
P/S 0.40 0.27 0.26 0.32 0.52 0.32 0.27 0.11 0.06 0.04 0.03 0.3
P/B 10.46 4.33 2.80 2.54 3.71 1.53 1.30 0.55 0.33 0.27 0.26 2.8
EV/Sales 0.65 0.50 0.47 0.48 0.67 0.48 0.52 0.44 0.14 0.12 0.17 0.4
EV/FCF (21.21) (39.20) 27.57 8.87 4.44 (9.66) (43.51) (20.51) 8.80 16.05 6.61 (6.8)
Cash, $m
Cash, $m Operating cash flow 15 31 32 78 239 (22) 47 52 34 31 51 +8.1%
Capex (39) (41) (18) (30) (20) (53) (64) (80) (14) (22) (19) (6.1%)
Free cash flow (24) (10) 14 48 219 (75) (17) (28) 20 9 32 n/m
Balance, $m
Balance, $m Working capital 109 125 53 27 97 183 130 65 82 89 61 (2.2%)
Net debt 194 192 178 144 212 245 346 123 96 91 168 (8.1%)
Shareholders’ equity 30 50 79 110 205 314 293 265 236 189 164 +22.7%
Returns, %
Returns, % ROA 9.16 4.89 6.18 4.02 14.31 14.45 4.77 (3.32) (3.80) (6.20) (5.38) (15.4) pt
ROIC 16.95 12.06 10.70 8.22 18.40 10.12 5.68 (4.09) (3.44) (8.35) (6.36) (25.3) pt
ROE 212.36 44.47 36.98 21.40 58.03 41.81 13.34 (10.40) (13.22) (23.60) (25.76) (236.0) pt
People
People Employees 4,800 5,000 5,100 5,400 7,000 7,700 6,700 5,400 5,100 4,800 — 0.0%
Revenue/emp, $m 0.16 0.16 0.17 0.16 0.21 0.20 0.21 0.24 0.23 0.25 — +5.0%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Jan 2026 · latest quarter Jul 2026

Sportsman's Warehouse Holdings, Inc. vs peers in Specialty Retail (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
HTLM HomesToLife Ltd $133.6M 8.3× — +8,826.32% (above 0%: growing) n/m −852.49% (below 0%: shrinking) 29.03% 5.24% Compare
GRWG GrowGeneration Corp. $88.4M — (loss-making) — (loss-making) +5.50% (above 0%: growing) n/m +126.60% (above 0%: growing) 28.51% (5.42%) Compare
BARK BARK, Inc. $73.4M — (loss-making) — (loss-making) −23.38% (below 0%: shrinking) n/m +40.58% (above 0%: growing) 72.74% 0.08% Compare
PTLE PTL Limited $60.4M — — — — — — — Compare
NAAS NaaS Technology Inc. Sponsored ADR $58.6M — (loss-making) — (loss-making) −35.99% (below 0%: shrinking) n/m −165.45% (below 0%: shrinking) 15.91% (398.93%) Compare
SPWH Sportsman's Warehouse Holdings, Inc. $41.9M — (loss-making) — (loss-making) +0.57% (above 0%: growing) n/m +54.22% (above 0%: growing) 32.48% (0.38%)
JBDI JBDI Holdings Limited $20.1M — — — — +82.28% (above 0%: growing) — — Compare
RECT Rectitude Holdings Ltd. $19.2M — — — — −160.94% (below 0%: shrinking) — — Compare
TLF Tandy Leather Factory, Inc. $18.5M — (loss-making) — +1.52% (above 0%: growing) n/m −120.94% (below 0%: shrinking) 64.81% 3.01% Compare
Median of peers $59.5M — — +1.52% — −120.94% 29.03% 0.08%

All 45 Specialty Retail stocks →

Pay and ownership Proxy statement filed 14 April 2026

Ownership

Directors and executive officers, together 3.80%
FMR LLC 14.70%
Union Square Park Partners, LP 6.10%
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

Sportsman's Warehouse Holdings, Inc. (SPWH) Latest News

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stockrow.com/SPWH · Data as of Jul 31, 2026 · For information only; not investment advice. · © 2026 stockrow.com