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SPWHSportsman's Warehouse Holdings, Inc.
$1.28$50M
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SPWH logoSportsman's Warehouse Holdings, Inc.(SPWH)Earnings, Financials & Key Ratios

SPWH•NASDAQ
$1.28
Price updated Jul 7, 2026
SectorConsumer CyclicalIndustrySpecialty RetailSub-IndustrySporting Goods and Outdoor Retail
AboutSportsman's Warehouse Holdings, Inc., together with its subsidiaries, operates as an outdoor sporting goods retailer in the United States. It offers camping products, such as backpacks, camp essentials, canoes and kayaks, coolers, outdoor cooking equipment, sleeping bags, tents, and tools; and apparel products, including camouflage, jackets, hats, outerwear, sportswear, technical gear, and work wear. The company also provides fishing products comprising bait, electronics, fishing rods, flotation items, fly fishing products, lines, lures, reels, tackles, and small boats; and foot wear products consisting of hiking and work boots, socks, sport sandals, technical footwear, trial and casual shoes, and waders. In addition, it offers hunting and shooting products, such as ammunition, archery items, ATV accessories, blinds and tree stands, decoys, firearms, firearms safety and storage products, reloading equipment, and shooting gear products; and optics, electronics, and accessories, including gift items, GPS devices, knives, lighting, optics, and two-way radios. Further, the company's stores provide archery technician services, fishing-reel line winding, bore sighting and scope mounting, and cleaning services, as well as issues hunting and fishing licenses. Additionally, it offers various private label and special make-up offerings under the Rustic Ridge, Killik, Vital Impact, Yukon Gold, Lost Creek, and Sportsman's Warehouse brands. As of May 26, 2022, the company operated through 126 stores. Sportsman's Warehouse Holdings, Inc. was founded in 1986 and is headquartered in West Jordan, Utah.Show more
  • Revenue$1.21B+1.0%
  • EBITDA$25M+13.0%
  • Net Income-$50M-51.4%
  • EPS (Diluted)-1.30-49.4%
  • Gross Margin30.89%-0.1%
  • EBITDA Margin2.08%+12.0%
  • Operating Margin-1.15%+24.3%
  • Net Margin-4.14%-50.0%
  • ROE-23.6%-78.6%

SPWH Price & Volume

Sportsman's Warehouse Holdings, Inc. (SPWH) stock price & volume — 10-year historical chart

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Persistent Operational Losses Threaten Retail Solvency

Investment Thesis • Updated 2026Q1

VerdictNegative
Growth:Mixed
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Liquidity and solvency constraints

Key Thesis Takeaways

  • Sportsman's Warehouse faces a challenging outlook characterized by volatile revenue growth and a failure to achieve consistent operating leverage, as evidenced by a -6.8% operating margin in 2026Q1.
  • The company's reliance on debt to fund operations has pushed the debt-to-equity ratio to 2.89, creating significant solvency risks.
  • Investors should remain cautious as the firm struggles to manage seasonal inventory cycles while maintaining a critically thin liquidity buffer of only $2.1 million in cash.

Verdict Logic

the company's precarious liquidity position, evidenced by a nominal $2.1 million cash balance against a $21.8 million quarterly net loss, suggests an unsustainable path for long-term equity holders.

SPWH Growth Metrics

Sportsman's Warehouse Holdings, Inc. (SPWH) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years5.18%
5 Years-3.59%
3 Years-4.76%
TTM1.14%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-39.75%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-35.4%

Return on Capital

10 Years14.35%
5 Years4.13%
3 Years-2.68%
Last Year-2.58%

SPWH Recent Earnings

Sportsman's Warehouse Holdings, Inc. (SPWH) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 3/12 qtrs (25%)
Q3 2026Latest
Jun 2, 2026
Metric
Actual
Est
EPS
$0.39+32.8%
$0.58
Rev
$256M+1.5%
$252M
Q2 2026
Mar 31, 2026
Metric
Actual
Est
EPS
$0.10-11.1%
$0.09
Rev
$335M-0.0%
$335M
Q4 2025
Dec 4, 2025
Metric
Actual
Est
EPS
$0.08-11.1%
$0.09
Rev
$331M+0.3%
$330M
Q4 2025
Sep 4, 2025
Metric
Actual
Est
EPS
$0.12+0.0%
$0.12
Rev
$294M-11.2%
$331M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026LatestJun 2, 2026
$0.39vs $0.58+32.8%
$256Mvs $252M+1.5%
Q2 2026Mar 31, 2026
$0.10vs $0.09-11.1%
$335Mvs $335M-0.0%
Q4 2025Dec 4, 2025
$0.08vs $0.09-11.1%
$331Mvs $330M+0.3%
Q4 2025Sep 4, 2025
$0.12vs $0.12+0.0%
$294Mvs $331M-11.2%
Based on last 12 quarters of dataView full earnings history →

Latest SPWH News

Recent stock market news and headlines for Sportsman's Warehouse Holdings, Inc. (SPWH)

Zacks Investment Research·4 days ago
Sportsman's Warehouse (SPWH) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now

After losing some value lately, a hammer chart pattern has been formed for Sportsman's Warehouse (SPWH), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.

Peers Comparison

Key metrics vs top competitors for Sportsman's Warehouse Holdings, Inc. (SPWH)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
SPWH logoSPWHSportsman's Warehouse Holdings, Inc.Current
$1.28$49.95M-0.980.96%-4.14%-23.6%—
ASO logoASOAcademy Sports and Outdoors, Inc.
$45.40$2.88B8.192.02%6.24%18.01%—
DKS logoDKSDICK'S Sporting Goods, Inc.
$223.13$19.06B22.3828.06%4.71%18.08%—
CATO logoCATOThe Cato Corporation
$3.31$59.28M-10.680.62%0.4%1.56%—
RGR logoRGRSturm, Ruger & Company, Inc.
$38.28$610.35M-141.781.94%-2.18%-4.24%—
SWBI logoSWBISmith & Wesson Brands, Inc.
$15.00$670.91M36.5910.36%3.53%5.04%—

Compare SPWH vs Peers

Sportsman's Warehouse Holdings, Inc. (SPWH) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs ASO

Most directly comparable listed peer for SPWH.

Scale Benchmark

vs AMZN

Larger-name benchmark to compare SPWH against a more recognizable public peer.

Peer Set

Compare Top 5

vs ASO, DKS, CATO, RGR

SPWH SEC Filings & Documents

Sportsman's Warehouse Holdings, Inc. (SPWH) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Jun 2, 2026·SEC

Material company update

May 28, 2026·SEC

Material company update

Mar 31, 2026·SEC

10-K Annual Reports

4
FY 2026

Mar 31, 2026·SEC

FY 2025

Apr 2, 2025·SEC

FY 2024

Apr 4, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Jun 2, 2026·SEC

FY 2025

Dec 4, 2025·SEC

FY 2025

Sep 4, 2025·SEC

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SPWH Frequently Asked Questions

Sportsman's Warehouse Holdings, Inc. (SPWH) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Sportsman's Warehouse Holdings, Inc.'s revenue?

Sportsman's Warehouse Holdings, Inc. (SPWH) reported $1.22B in revenue for fiscal year 2025. This represents a 223% increase from $376.6M in 2011.

How fast is Sportsman's Warehouse Holdings, Inc. growing?

Sportsman's Warehouse Holdings, Inc. (SPWH) grew revenue by 1.0% over the past year. Growth has been modest.

Is SPWH profitable?

Sportsman's Warehouse Holdings, Inc. (SPWH) reported a net loss of $50.7M for fiscal year 2025.

Dividend & Returns
What is SPWH's return on equity?

Sportsman's Warehouse Holdings, Inc. (SPWH) has a return on equity (ROE) of -23.6%. Negative ROE indicates the company is unprofitable.

What is Sportsman's Warehouse Holdings, Inc.'s free cash flow?

Sportsman's Warehouse Holdings, Inc. (SPWH) generated $13.3M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in SPWH back in 2011?

Total return calculator · dividends reinvested · 15+ years of data

See returns →