📊 SPWH Key Takeaways
Is Sportsman's Warehouse Holdings, Inc.. (SPWH) a Good Investment?
Sportsman's Warehouse operates at significant losses (-$18.1M operating income, -7.1% margin) with rapidly deteriorating profitability (net income down 51.4% YoY). The company is burning cash unsustainably at -$59.6M free cash flow while maintaining dangerously low liquidity of $2.1M against $670.8M liabilities, creating an acute solvency risk.
Sportsman's Warehouse Holdings, Inc.. Key Strengths (SPWH)
- Gross margin of 29.6% demonstrates core retail business can generate reasonable product margins
- Moderate leverage with 0.27x debt-to-equity ratio provides some financial flexibility relative to equity base
- Maintains operational scale with $256.1M in revenue
SPWH Stock Risks: Sportsman's Warehouse Holdings, Inc.. Investment Risks
- Core business is operationally unprofitable with -$18.1M operating loss and -7.1% operating margin, with deteriorating trend (net income down 51.4% YoY)
- Severe liquidity crisis: -$59.6M free cash flow burn rate with only $2.1M cash on hand and thin 1.18x current ratio creates imminent solvency risk
- Cannot service debt from operations with -6.9x interest coverage ratio, compounded by anemic +1.0% revenue growth offering no path to operational leverage
Key Metrics to Watch
- Operating cash flow - must turn positive to avoid cash insolvency
- Cash balance trajectory and burn runway - critical near-term survival metric
- Operating margin improvement - need clear evidence of path to profitability
Sportsman's Warehouse Holdings, Inc.. (SPWH) Financial Metrics & Key Ratios
💡 AI Analyst Insight
Sportsman's Warehouse Holdings, Inc.. presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.
SPWH Profit Margin, ROE & Profitability Analysis
SPWH vs Consumer Sector: How Sportsman's Warehouse Holdings, Inc.. Compares
How Sportsman's Warehouse Holdings, Inc.. compares to Consumer sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Sportsman's Warehouse Holdings, Inc.. Stock Overvalued? SPWH Valuation Analysis 2026
Based on fundamental analysis, Sportsman's Warehouse Holdings, Inc.. has mixed fundamental signals relative to the Consumer sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Sportsman's Warehouse Holdings, Inc.. Balance Sheet: SPWH Debt, Cash & Liquidity
SPWH Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Sportsman's Warehouse Holdings, Inc..'s revenue has remained relatively flat over the 5-year period, with a 4% decline. The most recent EPS of $1.00 reflects profitable operations.
SPWH Revenue Growth, EPS Growth & YoY Performance
SPWH Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $249.1M | -$21.3M | $-0.56 |
| Q3 2025 | $324.3M | $8.0K | $0.00 |
| Q2 2025 | $288.7M | -$5.9M | $-0.16 |
| Q1 2025 | $244.2M | -$18.1M | $-0.48 |
| Q3 2024 | $324.3M | $364.0K | $0.01 |
| Q2 2024 | $288.7M | -$3.3M | $-0.09 |
| Q1 2024 | $244.2M | -$15.6M | $-0.42 |
| Q3 2023 | $340.6M | -$1.3M | $-0.04 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Sportsman's Warehouse Holdings, Inc.. Dividends, Buybacks & Capital Allocation
SPWH SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Sportsman's Warehouse Holdings, Inc.. (CIK: 0001132105)
📋 Recent SEC Filings
❓ Frequently Asked Questions about SPWH
What is the AI rating for SPWH?
Sportsman's Warehouse Holdings, Inc.. (SPWH) has an AI grade of D with 88% confidence, based on fundamental analysis of SEC EDGAR filings.
What are SPWH's key strengths?
Claude: Gross margin of 29.6% demonstrates core retail business can generate reasonable product margins. Moderate leverage with 0.27x debt-to-equity ratio provides some financial flexibility relative to equity base.
What are the risks of investing in SPWH?
Claude: Core business is operationally unprofitable with -$18.1M operating loss and -7.1% operating margin, with deteriorating trend (net income down 51.4% YoY). Severe liquidity crisis: -$59.6M free cash flow burn rate with only $2.1M cash on hand and thin 1.18x current ratio creates imminent solvency risk.
What is SPWH's revenue and growth?
Sportsman's Warehouse Holdings, Inc.. reported revenue of $256.1M.
Does SPWH pay dividends?
Sportsman's Warehouse Holdings, Inc.. pays dividends, with $101.1M distributed to shareholders in the trailing twelve months.
Where can I find SPWH SEC filings?
Official SEC filings for Sportsman's Warehouse Holdings, Inc.. (CIK: 0001132105) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is SPWH's EPS?
Sportsman's Warehouse Holdings, Inc.. has a diluted EPS of $-0.56.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.
What is SPWH's fundamental grade?
Based on our AI fundamental analysis in June 2026, Sportsman's Warehouse Holdings, Inc.. has a D grade with 88% confidence. Review the strengths and risks sections above for full context. This is not investment advice.
Is SPWH stock overvalued or undervalued?
Valuation metrics for SPWH: ROE of -13.1% (sector avg: 18%), net margin of -8.5% (sector avg: 8%). Compare these metrics with sector averages to assess valuation.
What is SPWH's AI grade for 2026?
Our dual AI analysis gives Sportsman's Warehouse Holdings, Inc.. a combined D grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is SPWH's free cash flow?
Sportsman's Warehouse Holdings, Inc..'s operating cash flow is $-55.4M, with capital expenditures of $4.2M. FCF margin is -23.3%.
How does SPWH compare to other Consumer stocks?
Vs Consumer sector averages: Net margin -8.5% (avg: 8%), ROE -13.1% (avg: 18%), current ratio 1.18 (avg: 1.5).