SFM
Sprouts Farmers Market, Inc.
SFM's fundamentals are mixed: revenue grew 5.3%, but free cash flow fell 26%. At 9.8x earnings, it's trading below its usual 15x. Analysts expect earnings to decline, though they disagree widely on how much.
SFM Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Under pressure | |
| Strong |
SFM's profitability and balance sheet are currently healthy, and its revenue is stable, but its cash flow is under pressure.
SFM PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 9.8x | $51.38 | — |
| Cheap | 11x | $59.04 | +15% |
| Forward | 12x | $51.38 | — |
| Fair | 15x | $79.44 | +55% |
| Expensive | 29x | $149 | +190% |
Historical ranges are pointers, not guarantees.
SFM's PE is in its cheap range at 9.8x. Analysts expect earnings to fall, which would put today's price at 12x next year's earnings.
SFM Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Decline | |
| Growth | |
| Weakening | |
| Limited | |
| Low |
Analysts expect SFM's revenue to grow, but its earnings and profitability to decline. However, they disagree widely on these estimates.
SFM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.33 | -17% |
| Q3 2026 | $5.22 | +1.2% |
| Q2 2026 | $5.23 | +7.8% |
| Q1 2026 | $5.21 | +17% |
| Q4 2025 | $5.31 | +42% |
| Q3 2025 | $5.16 | +50% |
| Q2 2025 | $4.85 | +53% |
| Q1 2025 | $4.44 | +54% |
| Q4 2024 | $3.75 | +50% |
SFM's earnings per share have climbed steadily: $5.22 over the past year, up 1.2% from the year before, and higher year over year for 16 quarters in a row.
SFM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.3B | +4.7% |
| Q2 2026 | $2.3B | +4.7% |
| Q1 2026 | $2.3B | +4.1% |
| Q4 2025 | $2.1B | +7.6% |
| Q3 2025 | $2.2B | +13% |
| Q2 2025 | $2.2B | +17% |
| Q1 2025 | $2.2B | +19% |
| Q4 2024 | $2B | +18% |
SFM's revenue has grown year over year for 19 quarters in a row: $2.3B last quarter, up 4.7% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 6.6% | -0.5 points |
| Q2 2026 | 7.5% | -0.6 points |
| Q1 2026 | 9.2% | -0.9 points |
| Q4 2025 | 5.7% | +0.4 points |
| Q3 2025 | 7.2% | +0.9 points |
| Q2 2025 | 8.1% | +1.4 points |
| Q1 2025 | 10% | +2.2 points |
| Q4 2024 | 5.3% | +1.2 points |
SFM's operating margin was 6.6% last quarter, down 0.5 points from the same quarter a year ago.
SFM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $91.8M | -18% |
| Q2 2026 | $45M | -11% |
| Q1 2026 | $134.1M | -44% |
| Q4 2025 | $66.3M | +18% |
| Q3 2025 | $111.4M | -29% |
| Q2 2025 | $50.4M | +49% |
| Q1 2025 | $239.6M | +42% |
| Q4 2024 | $56.2M | +$60.4M |
SFM still generates free cash flow, though less than at its 2020 peak: $337M over the past year.
SFM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.8% | -744K shares |
| 1 year | -5.1% | -5M shares |
| 3 years | -8.8% | -9M shares |
| 5 years | -18% | -21.2M shares |
| Available history | -22% | -26.1M shares |
SFM has 94M diluted shares, down 5.1% from a year ago, with $429M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $89.2M |
| Q2 2026 | $70M |
| Q1 2026 | $140M |
| Q4 2025 | $130M |
| Q3 2025 | $49.7M |
| Q2 2025 | $73.5M |
| Q1 2025 | $218.8M |
| Q4 2024 | $98.8M |
SFM spent $429M buying back its own shares over the past year, down 2.6% from the year before.
SFM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.3x | Net Cash |
| Q2 2026 | -0.3x | Net Cash |
| Q1 2026 | -0.3x | Net Cash |
| Q4 2025 | -0.3x | Net Cash |
| Q3 2025 | -0.4x | Net Cash |
| Q2 2025 | -0.3x | Net Cash |
| Q1 2025 | -0.4x | Net Cash |
| Q4 2024 | -0.4x | Net Cash |
SFM has more cash than debt.
SFM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 29.9 | Oversold |
| Stochastic | 6.4 | Oversold |
SFM's weekly RSI is 30 (oversold) and its Stochastic is 6 (oversold).
SFM PE vs Consumer Defensive Sector
| Metric | SFM | Sector median | Relative |
|---|---|---|---|
| PE | 9.8x | 19x | 50% below |
| PE % | 6 | 18 | 12 pts below |
SFM is trading at 9.8x earnings, a 50% discount to the Consumer Defensive sector's median of 19x.
SFM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $59.2 | 13% below |
| 20 week MA | $71.9 | 29% below |
| 50 week MA | $75.9 | 32% below |
| 100 week MA | $108.2 | 53% below |
| 200 week MA | $85.7 | 40% below |
SFM is in a downtrend: it's below all five of its weekly moving averages, and 40% below its 200-week average.
SFM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $19.5 | $20.3 | +4% |
| 2021 | $20.3 | $28.0 | +38% |
| 2022 | $28.0 | $33.7 | +20% |
| 2023 | $33.7 | $48.1 | +43% |
| 2024 | $48.1 | $128.5 | +167% |
| 2025 | $128.5 | $79.6 | -38% |
| 2026 YTD | $79.6 | $51.4 | -35% |
SFM is down 35% so far in 2026, after finishing higher in five of the previous six years.