Sprouts Farmers Market SFM

Grocery Stores, Consumer Defensive

$66.26

−3.78%

Market cap: $6.2B
PE: 12.7×; 10y median 16.7×
Forward PE: n/m; not a meaningful number
Price to sales: 0.7×
EV/EBIT: 12.0×
Revenue, 12 months: $9B; +7% on a year ago
Net margin: 5.6%
Free cash flow yield: 5.8%

Sprouts Farmers Market trades at 12.7× trailing earnings, cheaper than 81% of the last ten years. Revenue was $9B over the last twelve months, up 7% on a year earlier with a 6% net margin.

Charts

Financials

Income statement for SFM, by quarter
Income statement	Q3 FY23	Q4 FY23	Q1 FY24	Q2 FY24	Q3 FY24	Q4 FY24	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26
	$1.7B+8%	$1.7B+8%	$1.9B+9%	$1.9B+12%	$1.9B+14%	$2B+18%	$2.2B+19%	$2.2B+17%	$2.2B+13%	$2.1B+8%	$2.3B+4%	$2.3B+5%
Cost of revenue	$1.1B+8%	$1.1B+7%	$1.2B+7%	$1.2B+10%	$1.2B+11%	$1.2B+15%	$1.4B+16%	$1.4B+16%	$1.3B+12%	$1.3B+8%	$1.4B+5%	$1.4B+5%
Gross profit	$625.4M+7%	$620.4M+8%	$722.3M+11%	$718.4M+15%	$740.9M+19%	$759.9M+23%	$886.4M+23%	$862.6M+20%	$851.1M+15%	$816.4M+7%	$917.3M+4%	$900.6M+4%
SG&A	$502.8M+9%	$513.5M+9%	$539.8M+11%	$556.4M+12%	$580.3M+15%	$614.9M+20%	$623.2M+16%	$645.1M+16%	$653.3M+13%	$653M+6%	$658.8M+6%	$682.6M+6%
	$87.7M−3%	$69.4M+12%	$148.3M+46%	$127.3M+39%	$122.5M+40%	$106.5M+53%	$226.3M+53%	$179.4M+41%	$157.4M+29%	$123.1M+16%	$215.3M−5%	$174.2M−3%
Interest expense	$1.7M−13%	$433K−69%	$818K−63%	n/a	n/a	n/a	n/a	−$431K	n/a	n/a	n/a	$68K
Pre-tax income	$86M−3%	$69M+14%	$147.4M+49%	$127.5M+42%	$123.5M+44%	$108.3M+57%	$227.3M+54%	$179.8M+41%	$158.1M+28%	$123.7M+14%	$215.4M−5%	$174.1M−3%
	$20.6M−9%	$19M+24%	$33.3M+44%	$32.2M+45%	$31.9M+55%	$28.7M+51%	$47.2M+42%	$46.1M+43%	$38M+19%	$33.8M+18%	$51.7M+10%	$44.9M−3%
Net income	$65.3M−1%	$50M+11%	$114.1M+50%	$95.3M+42%	$91.6M+40%	$79.6M+59%	$180M+58%	$133.7M+40%	$120.1M+31%	$89.8M+13%	$163.7M−9%	$129.2M−3%
	$0.64+5%	$0.49+17%	$1.12+53%	$0.94+45%	$0.91+42%	$0.79+61%	$1.81+62%	$1.35+44%	$1.22+34%	$0.92+17%	$1.71−6%	$1.37+2%
	102.7M−5%	102.3M−4%	102M−3%	101.2M−2%	101M−2%	101.1M−1%	99.7M−2%	98.8M−2%	98.7M−2%	97.6M−4%	95.6M−4%	94.4M−4%

Revenue: Q1 FY12 and Q1 FY13: 6 months less the 3 months printed beside them.

Gross profit: Q1 FY12 and Q1 FY13: 6 months less the 3 months printed beside them.

SG&A: Q1 FY12 and Q1 FY13: 6 months less the 3 months printed beside them.

Operating income: Q1 FY12 and Q1 FY13: 6 months less the 3 months printed beside them.

Interest expense: Q1 FY12 and Q1 FY13: 6 months less the 3 months printed beside them.

Pre-tax income: Q1 FY12 and Q1 FY13: 6 months less the 3 months printed beside them.

Income tax: Q1 FY12 and Q1 FY13: 6 months less the 3 months printed beside them.

Net income: Q1 FY12 and Q1 FY13: 6 months less the 3 months printed beside them.

EPS, diluted: 14 periods, Q1 FY12 to Q4 FY25: quarter's net income to common over its shares, to the cent.

Diluted shares: Q1 FY12: share-days: the 6-month average less the second quarter's. 14 periods, Q4 FY12 to Q4 FY25: share-days: the 12-month average less the 9-month, weighted by days.

From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.

Peers

Companies in Grocery Stores nearest Sprouts Farmers Market's size, closest first.

Company	Market cap	PE	Its 10y median PE	Fwd PE	P/S	Revenue growth	Net margin
SFMSprouts Farmers Market	$6.2B	12.7×	16.7×	n/m	0.7×	+7%	5.6%
IMKTAIngles Markets	$1.7B	16.1×	7.9×	n/m	0.3×	+1%	1.9%
KRKroger	$39.4B	36.1×	15.7×	12.5×	0.3×	+2%	0.7%
NGVCNatural Grocers by Vitamin Cottage	$725M	15.3×	17.6×	n/m	0.5×	+2%	3.5%
VLGEAVillage Super Market	$667.6M	12.7×	12.9×	n/m	0.3×	+4%	2.2%
Peer median	$1.2B	15.7×	14.3×	12.5×	0.3×	+2%	2.0%