Sprouts Farmers Market Inc. (SFM) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$1.34	$1.37	+2.2%	—	$2.3B	—
Q1 26	$1.67	$1.71	+2.4%	—	$2.3B	—
Q4 25	$0.89	$0.92	+3.4%	—	$2.1B	—
Q3 25	$1.17	$1.22	+4.3%	—	$2.2B	—
Q2 25	$1.23	$1.35	+9.8%	—	$2.2B	—
Q1 25	$1.55	$1.81	+16.8%	—	$2.2B	—
Q4 24	$0.74	$0.79	+6.8%	—	$2B	—
Q3 24	$0.78	$0.91	+16.7%	—	$1.9B	—
Q2 24	$0.78	$0.94	+20.5%	—	$1.9B	—
Q1 24	$1.01	$1.12	+10.9%	—	$1.9B	—
Q4 23	$0.45	$0.49	+8.9%	—	$1.7B	—
Q3 23	$0.62	$0.64	+3.2%	—	$1.7B	—
Q2 23	$0.63	$0.71	+12.7%	—	$1.7B	—
Q1 23	$0.85	$0.98	+15.3%	—	$1.7B	—
Q4 22	$0.37	$0.42	+13.5%	—	$1.6B	—
Q3 22	$0.51	$0.61	+19.6%	—	$1.6B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$5.36	—	—	$8.8B	—
FY24	—	$3.79	—	—	$7.7B	—
FY23	—	$2.53	—	—	$6.8B	—
FY22	—	$2.41	—	—	$6.4B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$4B	$4.7B	$5.2B	$5.6B	$6.5B	$6.1B	$6.4B	$6.8B	$7.7B	$8.8B
YoY change	+12.6%	+15.3%	+11.6%	+8.21%	+14.8%	-5.7%	+4.99%	+6.76%	+12.9%	+14.1%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	4B	4.7B	5.2B	5.6B	6.5B	6.1B	6.4B	6.8B	7.7B	8.8B
Cost of revenue	2.7B	3.1B	3.5B	3.7B	4.1B	3.9B	4.1B	4.3B	4.8B	5.4B
Gross profit	1.4B	1.6B	1.7B	1.9B	2.4B	2.2B	2.3B	2.5B	2.9B	3.4B
Gross margin	33.7%	33.6%	33.6%	33.6%	36.8%	36.2%	36.7%	36.9%	38.1%	38.8%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	1.1B	1.2B	1.4B	1.5B	1.9B	1.7B	1.9B	2B	2.3B	2.6B
Operating expenses	1.9B	2.2B	1.4B	1.5B	1.9B	1.7B	1.9B	2B	2.3B	2.6B
Operating income	213.2M	227.2M	235M	224.6M	391.3M	338.7M	369.4M	389.5M	517.4M	691.7M
Operating margin	5.27%	4.87%	4.51%	3.99%	6.05%	5.55%	5.77%	5.7%	6.7%	7.86%
Non-operating income, net	226K	-501K	-11.8M	-7.3M	369K	-4.7M	-11M	-39.3M	-12.9M	-5.6M
Pretax income	198.6M	205.5M	195.8M	196.2M	376.9M	322.4M	349.3M	343.7M	506.7M	688.8M
Income tax	74.3M	47.1M	37.3M	46.5M	89.4M	78.2M	88.1M	84.9M	126.1M	165.1M
Net income	124.3M	158.4M	158.5M	149.6M	287.4M	244.2M	261.2M	258.9M	380.6M	523.7M
Net margin	3.07%	3.4%	3.04%	2.66%	4.44%	4%	4.08%	3.79%	4.93%	5.95%
EBITDA	294.3M	324.3M	346.1M	429.3M	617.1M	572.8M	613.5M	660.7M	798.7M	1B
EPS	0.84	1.17	1.23	1.25	2.44	2.12	2.41	2.53	3.79	5.36
Diluted EPS	0.83	1.15	1.22	1.25	2.43	2.1	2.39	2.5	3.75	5.31

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	1.7B	1.7B	1.9B	1.9B	1.9B	2B	2.2B	2.2B	2.2B	2.1B	2.3B	2.3B
Cost of revenue	1.1B	1.1B	1.2B	1.2B	1.2B	1.2B	1.4B	1.4B	1.3B	1.3B	1.4B	1.4B
Gross profit	625.4M	620.4M	722.3M	718.4M	740.9M	759.9M	886.4M	862.6M	851.1M	816.4M	917.3M	900.6M
Gross margin	36.5%	36.5%	38.3%	37.9%	38.1%	38.1%	39.6%	38.8%	38.7%	38%	39.4%	38.7%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	502.8M	513.5M	539.8M	556.4M	580.3M	614.9M	623.2M	645.1M	653.3M	653M	658.8M	682.6M
Operating expenses	502.8M	513.5M	539.8M	556.4M	580.3M	614.9M	623.2M	645.1M	653.3M	653M	658.8M	682.6M
Operating income	90.8M	74.8M	150.3M	130.5M	126.2M	110.4M	228M	180.9M	158.9M	124M	216.5M	174.9M
Operating margin	5.3%	4.41%	7.98%	6.89%	6.49%	5.53%	10.2%	8.14%	7.22%	5.77%	9.29%	7.52%
Non-operating income, net	-3.2M	-5.4M	-2M	-3.2M	-3.7M	-3.9M	-1.7M	-1.5M	-1.5M	-896K	-1.2M	-760K
Pretax income	86M	69M	147.4M	127.5M	123.5M	108.3M	227.3M	179.8M	158.1M	123.7M	215.4M	174.1M
Income tax	20.6M	19M	33.3M	32.2M	31.9M	28.7M	47.2M	46.1M	38M	33.8M	51.7M	44.9M
Net income	65.3M	50M	114.1M	95.3M	91.6M	79.6M	180M	133.7M	120.1M	89.8M	163.7M	129.2M
Net margin	3.81%	2.95%	6.06%	5.03%	4.71%	3.99%	8.05%	6.02%	5.46%	4.18%	7.03%	5.55%
EBITDA	157.7M	143.9M	218.7M	198.9M	197.5M	183.5M	300.9M	256M	238.1M	205.5M	299.9M	261.9M
EPS	0.64	—	1.13	0.95	0.91	0.8	1.83	1.37	1.23	0.93	1.73	1.37
Diluted EPS	0.64	—	1.12	0.94	0.91	0.79	1.81	1.35	1.22	0.92	1.71	1.37

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	2.8B	3.3B	3B	2.3B	2.4B	3.4B	3.5B	4.9B	12.8B	7.8B	5.9B
Enterprise value	3.2B	3.8B	3.6B	4B	3.7B	4.7B	4.8B	6.4B	14.2B	9.5B	7.8B
Shares outstanding	147.3M	135.2M	128.8M	119.4M	117.8M	115.4M	108.2M	102.5M	100.4M	97.7M	97.7M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	22.4	20.8	19.1	15.4	8.24	14	13.4	19	33.5	14.9	12.1
P/S	0.69	0.71	0.58	0.41	0.37	0.56	0.55	0.72	1.65	0.88	0.66
P/B	4.14	5.06	5.14	3.97	2.69	3.57	3.35	4.29	9.65	5.55	4.06
EV/EBITDA	10.7	11.6	10.4	9.22	5.94	8.18	7.74	9.67	17.7	9.46	9.26
EV/Sales	0.78	0.8	0.69	0.7	0.57	0.77	0.74	0.93	1.84	1.08	0.87
Earnings yield	4.46%	4.81%	5.23%	6.48%	12.1%	7.13%	7.45%	5.25%	2.98%	6.73%	8.24%
FCF yield	2.61%	3.37%	3.87%	7.45%	15.7%	7.66%	7.06%	4.86%	3.25%	6.01%	6.74%
PEG	—	—	—	—	—	—	—	—	—	—	10.7

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	33.7%	33.6%	33.6%	33.6%	36.8%	36.2%	36.7%	36.9%	38.1%	38.8%	38.7%
Operating margin	5.27%	4.87%	4.51%	3.99%	6.05%	5.55%	5.77%	5.7%	6.7%	7.86%	7.49%
Net margin	3.07%	3.4%	3.04%	2.66%	4.44%	4%	4.08%	3.79%	4.93%	5.95%	5.58%
ROE	18.5%	24.3%	26.9%	25.7%	32.6%	25.4%	25%	22.5%	28.8%	37.3%	35.2%
ROA	8.63%	10%	9.46%	5.5%	10.2%	8.35%	8.51%	7.78%	10.5%	12.6%	10.3%
ROIC	12.8%	15.7%	16.3%	7.68%	13.7%	11.5%	12%	11.2%	14.2%	17%	14.9%
Return on tangible assets	40.3%	35%	28.8%	9.26%	16.9%	13.4%	13.3%	12.1%	15.5%	17.6%	16%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.02	1	1.08	0.93	0.94	1.11	1.29	1.1	0.99	0.93	0.99
Quick ratio	0.23	0.23	0.22	0.27	0.43	0.59	0.7	0.51	0.49	0.44	0.43
Debt / equity	0.57	0.74	0.98	2.98	1.66	1.57	1.47	1.45	1.27	1.39	1.4
Debt / assets	0.27	0.31	0.35	0.64	0.52	0.52	0.5	0.5	0.46	0.47	0.49
Net debt / EBITDA	1.26	1.43	1.67	3.84	2.1	2.21	2.03	2.21	1.77	1.69	1.87
Interest coverage	14.4	10.9	8.14	10.3	26.5	28.6	40.8	28.2	102.2	390.4	356.4
Effective tax rate	37.4%	22.9%	19%	23.7%	23.7%	24.3%	25.2%	24.7%	24.9%	24%	25.1%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	27.5	34.5	40.4	47.2	54.9	52.9	59.2	66.7	76.9	90.1	94
EPS (basic)	0.84	1.17	1.23	1.25	2.44	2.12	2.41	2.53	3.79	5.36	5.36
EPS (diluted)	0.83	1.15	1.22	1.25	2.43	2.1	2.39	2.5	3.75	5.31	5.23
Book value per share	4.57	4.81	4.57	4.88	7.48	8.32	9.67	11.2	13.2	14.4	15.6
FCF per share	0.49	0.82	0.91	1.44	3.16	2.27	2.29	2.34	4.13	4.79	3.78
Cash per share	0.08	0.14	0.01	0.71	1.44	2.13	2.71	1.97	2.64	2.63	2.4
Capex per share	1.22	1.47	1.37	1.54	1.04	0.89	1.15	2.2	2.3	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	4.46%	4.26%	3.4%	3.25%	1.89%	1.68%	1.94%	3.3%	2.98%	—	—
Capex / operating cash flow	63.7%	64%	55%	58%	25.7%	26.7%	33.2%	55.3%	40.4%	—	—
Payout ratio	—	—	—	—	—	—	—	—	—	—	0%

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$1.7B	$1.7B	$1.9B	$1.9B	$1.9B	$2B	$2.2B	$2.2B	$2.2B	$2.1B	$2.3B	$2.3B
YoY change	+7.68%	+7.74%	+8.68%	+11.9%	+13.6%	+17.5%	+18.7%	+17.3%	+13.1%	+7.64%	+4.15%	+4.74%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	12.5M	19.5M	1.6M	85.3M	169.7M	245.3M	293.2M	201.8M	265.2M	257.3M
Receivables	25.2M	25.9M	40.6M	15.7M	14.8M	21.6M	16.1M	30.3M	30.9M	65.2M
Inventory	204.5M	229.5M	264.4M	276M	254.2M	265.4M	310.5M	323.2M	343.3M	427.1M
Total current assets	264M	299.5M	333.8M	387.8M	466M	567.7M	673.8M	603.8M	675.5M	809.9M
Property, plant & equipment	604.7M	713M	766.4M	1.8B	1.8B	1.8B	1.8B	2.1B	2.4B	2.7B
Goodwill & intangibles	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.2B	1.2B	1.2B
Total assets	1.4B	1.6B	1.7B	2.7B	2.8B	2.9B	3.1B	3.3B	3.6B	4.2B
Accounts payable	115.3M	119M	120.3M	122.8M	139.3M	145.9M	172.9M	179.9M	213.4M	291M
Short-term debt	12.4M	9.2M	7.4M	106.9M	136.7M	152.8M	136.6M	127.3M	151.7M	179.3M
Total current liabilities	259.2M	299.7M	310M	416.8M	496.1M	513.5M	522.4M	546.9M	680M	870.8M
Long-term debt	372.4M	473.5M	572.6M	1.6B	1.3B	1.4B	1.4B	1.5B	1.5B	1.8B
Total liabilities	767M	930.9M	1.1B	2.1B	1.9B	2B	2B	2.2B	2.3B	2.8B
Shareholders' equity	672.9M	650.7M	589.2M	582M	881.3M	959.9M	1B	1.1B	1.3B	1.4B
Total debt	384.7M	482.7M	580.1M	1.7B	1.5B	1.5B	1.5B	1.7B	1.7B	1.9B
Net debt	372.3M	463.2M	578.5M	1.6B	1.3B	1.3B	1.2B	1.5B	1.4B	1.7B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	251.8M	201.8M	312.3M	177.3M	309.7M	265.2M	285.7M	261.4M	322.4M	257.3M	252.2M	223.9M
Receivables	16.2M	30.3M	36.3M	31.4M	25.1M	30.9M	71.7M	61.5M	64.8M	65.2M	63.3M	65.5M
Inventory	323.7M	323.2M	316.2M	325.6M	329.5M	343.3M	340.3M	351.1M	399.9M	427.1M	419.2M	436.8M
Total current assets	620.6M	603.8M	697.5M	568.1M	693.6M	675.5M	732.3M	709.3M	817.5M	809.9M	772.3M	770.8M
Property, plant & equipment	2.1B	2.1B	2.2B	2.2B	2.3B	2.4B	2.4B	2.5B	2.6B	2.7B	2.9B	2.9B
Goodwill & intangibles	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B
Total assets	3.3B	3.3B	3.5B	3.4B	3.6B	3.6B	3.7B	3.8B	4B	4.2B	4.3B	4.3B
Accounts payable	190.1M	179.9M	201.4M	158.8M	198.2M	213.4M	293.9M	249M	268.3M	291M	260.7M	272.3M
Short-term debt	109.3M	127.3M	128.3M	127.5M	128.7M	151.7M	155.5M	163.2M	172.2M	179.3M	187.9M	182.3M
Total current liabilities	541.5M	546.9M	585.9M	549.8M	616M	680M	772M	721M	781.5M	870.8M	837.8M	777.3M
Long-term debt	1.5B	1.5B	1.6B	1.5B	1.5B	1.5B	1.6B	1.6B	1.7B	1.8B	1.9B	1.9B
Total liabilities	2.2B	2.2B	2.3B	2.1B	2.2B	2.3B	2.5B	2.4B	2.6B	2.8B	2.8B	2.8B
Shareholders' equity	1.1B	1.1B	1.2B	1.3B	1.3B	1.3B	1.3B	1.4B	1.4B	1.4B	1.4B	1.5B
Total debt	1.7B	1.7B	1.7B	1.6B	1.7B	1.7B	1.7B	1.8B	1.9B	1.9B	2.1B	2.1B
Net debt	1.4B	1.5B	1.4B	1.4B	1.3B	1.4B	1.4B	1.5B	1.5B	1.7B	1.8B	1.9B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	124.3M	158.4M	158.5M	149.6M	287.4M	244.2M	261.2M	258.9M	380.6M	523.7M
Depreciation & amortization	80.7M	97M	110.7M	204.6M	225.8M	234.1M	244.4M	265M	274.1M	304.3M
Stock-based compensation	13.4M	14.2M	14.5M	8.9M	14.3M	15.9M	16.6M	18.9M	28.4M	31.1M
Change in working capital	43.3M	30.8M	9M	-55.5M	-59.9M	-111.8M	-152.6M	-131.3M	-129M	-215.2M
Operating cash flow	282.9M	310.3M	321.8M	315.7M	474.7M	383.3M	373.5M	407.7M	570.4M	716M
Capital expenditure	-180.3M	-198.6M	-177.1M	-183.2M	-122M	-102.4M	-124M	-225.3M	-230.4M	—
Investing cash flow	-180.3M	-198.6M	-177.1M	-183.2M	-122M	-102.4M	-124M	-238.3M	-230.4M	0
Dividends paid	—	—	—	—	—	—	—	—	—	—
Share repurchases	-294.3M	-203.4M	-258.3M	-176.3M	0	-188.3M	-200M	-203.5M	-228.5M	-471.9M
Financing cash flow	-209.9M	-173.3M	-284.4M	-272.7M	-576.8M	-189M	-266.7M	-454.5M	-481.4M	-476.7M
Net change in cash	-107.3M	-61.6M	-139.7M	-140.2M	-224M	91.9M	-17.2M	-285.2M	-141.4M	239.3M
Free cash flow	72.8M	110.9M	117.3M	172M	372.1M	262.4M	247.3M	239.8M	414.8M	467.7M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	—	—	—	—	—	—	—	—	120.1M	89.8M	163.7M	129.2M
Depreciation & amortization	—	—	—	—	—	—	—	—	78M	80.5M	82.9M	86.6M
Stock-based compensation	—	—	—	—	—	—	—	—	7.6M	9.1M	8.6M	7.1M
Change in working capital	—	—	—	—	—	—	—	—	-69.6M	-79.8M	-28.1M	-20.5M
Operating cash flow	—	—	—	—	—	—	—	—	167.1M	138.5M	235.3M	133.7M
Capital expenditure	—	—	—	—	—	—	—	—	—	—	—	—
Investing cash flow	—	—	—	—	—	—	—	—	—	—	—	—
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	-32.1M	-23.1M	-60M	-44.5M	-25.2M	-98.8M	-218.8M	-73.5M	-49.7M	-130M	-140M	-70M
Financing cash flow	-32.1M	-23.1M	-60M	-44.5M	-25.2M	-98.8M	-218.8M	-73.5M	-49.9M	-131.8M	-140.2M	-70.1M
Net change in cash	-32.1M	-23.1M	-60M	-44.5M	-25.2M	-98.8M	-218.8M	-73.5M	117.3M	6.7M	95.1M	63.6M
Free cash flow	—	—	—	—	—	—	—	—	111.4M	66.3M	134.1M	45M

Sprouts Farmers Market Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement