SPWH
Sportsman's Warehouse Holdings, Inc.
SPWH lost money over the past year, so it has no meaningful PE right now. Analysts expect losses to shrink, though they disagree widely on how much.
SPWH Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Under pressure | |
| Stable | |
| Weak |
SPWH's revenue and cash flow are currently stable, but its profitability and balance sheet are under pressure.
SPWH PE Valuation
SPWH has no meaningful PE right now: it lost money over the past year.
SPWH Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Stable | |
| Improving | |
| Limited | |
| Low |
Analysts expect SPWH's losses to shrink, with revenue holding steady. However, they disagree widely on these estimates.
SPWH Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$1.23 | -$0.26 |
| Q2 2026 | -$1.30 | -$0.35 |
| Q1 2026 | -$1.30 | -$0.43 |
| Q4 2025 | -$0.98 | -$0.13 |
| Q3 2025 | -$0.97 | -$0.07 |
| Q2 2025 | -$0.95 | -$0.12 |
| Q1 2025 | -$0.87 | -$0.10 |
| Q4 2024 | -$0.85 | -$0.57 |
SPWH lost $1.23 per share over the past year, a bigger loss than the year before.
SPWH Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $295.6M | +0.6% |
| Q2 2026 | $256.1M | +2.8% |
| Q1 2026 | $334.9M | -1.6% |
| Q4 2025 | $331.3M | +2.2% |
| Q3 2025 | $293.9M | +1.8% |
| Q2 2025 | $249.1M | +2% |
| Q1 2025 | $340.4M | -8.1% |
| Q4 2024 | $324.3M | -4.8% |
SPWH's revenue fell from its 2021 peak and has held roughly level since: $296M last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -0.4% | +0.7 points |
| Q2 2026 | -7.1% | +0.8 points |
| Q1 2026 | -5.6% | -6.7 points |
| Q4 2025 | 1.3% | +0.3 points |
| Q3 2025 | -1.1% | +0.4 points |
| Q2 2025 | -7.9% | +0.6 points |
| Q1 2025 | 1.1% | +3.2 points |
| Q4 2024 | 1% | +0.1 points |
SPWH's operating margin was −0.4% last quarter, up 0.7 points from the same quarter a year ago.
SPWH Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$15.5M | +$18.4M |
| Q2 2026 | -$59.6M | +$4.4M |
| Q1 2026 | $98.1M | +98% |
| Q4 2025 | $8.7M | +$14.9M |
| Q3 2025 | -$33.9M | -340% |
| Q2 2025 | -$64M | -$26.1M |
| Q1 2025 | $49.6M | -18% |
| Q4 2024 | -$6.2M | -127% |
SPWH's free cash flow has turned positive again: $32M over the past year, against −$55M the year before.
SPWH Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.7% | +280K shares |
| 1 year | +1.7% | +668K shares |
| 3 years | +4.1% | +1.5M shares |
| 5 years | -13% | -5.7M shares |
| Available history | -10% | -4.5M shares |
SPWH has 39M diluted shares, up 1.7% from a year ago.
| Quarter | Spent |
|---|---|
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | $2.1M |
| Q2 2023 | $696,000 |
| Q1 2023 | $2.3M |
| Q4 2022 | $10.4M |
SPWH Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 15.1x | High |
| Q2 2026 | 20.9x | High |
| Q1 2026 | 24.4x | High |
| Q4 2025 | 1.7x | Healthy |
| Q3 2025 | 1.8x | Healthy |
| Q2 2025 | 0.9x | Very low |
| Q1 2025 | 1.0x | Very low |
| Q4 2024 | 1.9x | Healthy |
SPWH's net debt is about 15 years of its operating earnings (EBITDA), up from 1.8 years a year ago.
SPWH Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 49.2 | Neutral |
| Stochastic | 27.3 | Neutral |
SPWH's weekly RSI is 49 (neutral) and its Stochastic is 27 (neutral).
SPWH PE vs Consumer Cyclical Sector
| Metric | SPWH | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 18x | — |
SPWH has no meaningful PE right now: it lost money over the past year.
SPWH Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1.11 | 9% above |
| 20 week MA | $1.16 | 4.3% above |
| 50 week MA | $1.29 | 6.2% below |
| 100 week MA | $1.85 | 35% below |
| 200 week MA | $3.18 | 62% below |
SPWH has bounced recently, but its long-term trend is still down: it's above its 8- and 20-week averages, but 62% below its 200-week average.
SPWH Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $8.04 | $17.9 | +123% |
| 2021 | $17.9 | $11.5 | -36% |
| 2022 | $11.5 | $9.13 | -21% |
| 2023 | $9.13 | $4.26 | -53% |
| 2024 | $4.26 | $2.65 | -38% |
| 2025 | $2.65 | $1.36 | -49% |
| 2026 YTD | $1.36 | $1.21 | -11% |
SPWH has finished five years in a row lower, and it's down 11% so far in 2026.