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MARKETS / NASDAQ / SPWH
NASDAQ · RETAIL-MISCELLANEOUS SHOPPING GOODS STORES · MID CAP

Sportsman's Warehouse Holdings, Inc. SPWH

14 fiscal years on record · USD · FY2025 reported · SEC filings only
$1.2B
▲ 1.0% YoY
$-50.1M
$8.9M
▼ 54.7% YoY
In brief

What this company does

As of January 31, 2026, it operated 147 stores across 32 states, primarily in the Western United States and Alaska. It distributes its merchandise from a 507,000 square foot distribution center in Salt Lake City, Utah. During fiscal year 2025, it purchased merchandise from approximately 765 vendors, with no vendor accounting for more than 10% of total merchandise purchased. As of January 31, 2026, it had approximately 4,800 total outfitters. Its stores are organized into six departments. Sportsman's Warehouse was founded in 1986 as a single retail store in Midvale, Utah.

Written from the business description in SPORTSMAN'S WAREHOUSE HOLDINGS, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 31 March 2026. Every sentence was checked against that document before publication.

Growth
USD 1.2B
Revenue, FY2025 · full 14-year series below
Revenue $B Net income $B
FY2025 · Revenue 1.2 · Net income -0.1
0.8B20122014201620182020202220242025
Compound annual growth
−4.8%
−3.6%
+5.5%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −3.6% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−4 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -3.1% · Net -4.1%
5%10%-2%-4%20122014201620182020202220242025
ROE
FY2025 · ROE -23.6%
100%200%-10%-20%20122014201620182020202220242025
Gross margin30.9%
Operating margin-3.1%
Net margin-4.1%
Return on assets-6.2%
EBITDAUSD 1.7M

Each USD of equity lost 24 cents this year.

Cash & shareholders
—
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 8.9
80M160M-40M20122014201620182020202220242025
Net buybacks $M Dividends $M
FY2013 · Dividends 101.1 · Net buybacks —
50M100M20122013
Dividends paid—
Net buybacks—
Share of profit—
Consecutive raises—

Total assetsUSD 762.6M
EquityUSD 188.6M
CashUSD 1.7M
Gross debtUSD 44.2M
Net debtUSD 42.5M
Current ratio1.36×

Net debt stands at 23% of equity.

The 14-year record
14 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012
Revenue $B1.21.21.31.41.51.50.90.80.80.80.70.60.60.5
Operating income $B−0.0−0.0−0.00.10.10.10.00.00.00.10.10.00.10.1
EBITDA $B0.00.00.00.10.10.10.10.10.10.10.10.10.10.1
Income tax $B−0.00.0−0.00.00.00.00.00.00.00.00.00.00.00.0
Net income $B−0.1−0.0−0.00.00.10.10.00.00.00.00.00.00.00.0
Free cash flow $B0.00.0−0.0−0.0−0.10.20.00.0−0.0−0.00.0−0.0−0.00.1
EPS, diluted $−1.30−0.87−0.771.002.442.060.460.550.420.700.660.340.660.84
Dividend / sh $··············
Payout %············465428
ROE %−23.6−13.2−10.413.341.858.021.437.044.5212.4····
Shares out B0.040.040.040.040.040.040.040.040.040.040.040.040.010.01

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 68 reconciliationsAUDITED

Reconciled in 14 of 19 fiscal years. 27 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityRetail-Miscellaneous Shopping Goods Stores
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsFebruary 1
SEC categorysmaller reporting company
Data on record since2012

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