📊 SPWH Key Takeaways
Is Sportsman's Warehouse Holdings, Inc.. (SPWH) a Good Investment?
Sportsman's Warehouse is unprofitable with operating losses of -37.4M and net losses declining 51.4% YoY, while revenue growth stagnates at 1.0%, indicating fundamental business deterioration. The company faces acute financial distress with only 1.7M in cash and negative interest coverage of -2.7x, leaving minimal margin for error. While positive operating cash flow of 31.3M provides near-term runway, the trajectory is unsustainable without significant operational improvements.
Why Buy Sportsman's Warehouse Holdings, Inc.. Stock? SPWH Key Strengths
- Gross margin of 30.9% demonstrates acceptable product-level economics and pricing power
- Positive operating cash flow of 31.3M and free cash flow of 8.9M provide liquidity runway despite unprofitability
- Conservative leverage with Debt/Equity of 0.23x and moderate absolute debt load of 44.2M
SPWH Stock Risks: Sportsman's Warehouse Holdings, Inc.. Investment Risks
- Unprofitable core operations with -37.4M operating loss and -50.1M net loss deteriorating 51.4% YoY
- Critically low cash position of 1.7M creates severe vulnerability to disruptions or unexpected challenges
- Revenue growth of only 1.0% YoY is insufficient to offset operating losses or drive profitability improvement
- Negative interest coverage ratio of -2.7x indicates company cannot service debt obligations from operating earnings
- Shareholder value destruction with diluted EPS of -1.30, down 49.4% YoY
Key Metrics to Watch
- Operating margin progression - must turn positive from current -3.1% to demonstrate viability
- Cash position and burn rate - critical to monitor at 1.7M reserve level
- Revenue growth acceleration - 1.0% is insufficient; needs 5%+ growth minimum
- Operating leverage improvement - 373.5M gross profit should support positive operating income
Sportsman's Warehouse Holdings, Inc.. (SPWH) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The relatively thin 0.7% FCF margin may limit capital allocation flexibility.
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 |
|---|---|---|---|
| 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 |
| Q2 2023 | $309.5M | -$3.3M | $-0.09 |
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 rating of STRONG SELL with 88% confidence, based on fundamental analysis of SEC EDGAR filings.
What are SPWH's key strengths?
Claude: Gross margin of 30.9% demonstrates acceptable product-level economics and pricing power. Positive operating cash flow of 31.3M and free cash flow of 8.9M provide liquidity runway despite unprofitability.
What are the risks of investing in SPWH?
Claude: Unprofitable core operations with -37.4M operating loss and -50.1M net loss deteriorating 51.4% YoY. Critically low cash position of 1.7M creates severe vulnerability to disruptions or unexpected challenges.
What is SPWH's revenue and growth?
Sportsman's Warehouse Holdings, Inc.. reported revenue of $1.2B.
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 $-1.30.
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 rating reflects both perspectives for balanced insights.
Is SPWH a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, Sportsman's Warehouse Holdings, Inc.. has a STRONG SELL rating with 88% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is SPWH stock overvalued or undervalued?
Valuation metrics for SPWH: ROE of -26.5% (sector avg: 18%), net margin of -4.1% (sector avg: 8%). Compare these metrics with sector averages to assess valuation.
Should I buy SPWH stock in 2026?
Our dual AI analysis gives Sportsman's Warehouse Holdings, Inc.. a combined STRONG SELL rating 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 $31.3M, with capital expenditures of $22.4M. FCF margin is 0.7%.
How does SPWH compare to other Consumer stocks?
Vs Consumer sector averages: Net margin -4.1% (avg: 8%), ROE -26.5% (avg: 18%), current ratio 1.36 (avg: 1.5).