Sportsman's Warehouse profit margin SPWH
Gross, operating and net profit as a share of revenue over the last twelve months, from 2014.
- Net margin, 12 months
- −3.9%
- Operating margin, 12 months
- −2.8%
- Net margin on a year earlier
- −0.8 pts
- Peer median
- 5.7%
Over the twelve months to Aug 1, 2026, Sportsman's Warehouse kept −3.9% of its revenue as net profit, with an operating margin of −2.8% and a gross margin of 30.9%.
Five years earlier its net margin was 5.8%.
The median for 5 specialty retail stocks of a similar size is 5.7%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | −4.1% | −3.1% | 30.9% |
| FY2024 | −2.8% | −1.5% | 30.9% |
| FY2023 | −2.3% | −2.0% | 29.8% |
| FY2022 | 2.9% | 4.1% | 32.9% |
| FY2021 | 7.2% | 6.0% | 32.6% |
| FY2020 | 6.3% | 8.5% | 32.8% |
| FY2019 | 2.3% | 3.8% | 33.5% |
| FY2018 | 2.8% | 5.2% | 33.6% |
| FY2017 | 2.2% | 5.8% | 33.8% |
| FY2016 | 3.8% | 7.8% | 33.7% |
| FY2015 | 3.9% | 8.4% | 33.7% |
| FY2014 | 2.1% | 6.8% | 32.6% |
| FY2013 | 3.4% | 9.3% | 32.2% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | −3.9% | −0.8 pts | −2.8% | |
| Q1 FY26 | −4.2% | −1.2 pts | −2.9% | |
| Q4 FY25 | −4.1% | −1.4 pts | −3.1% | |
| Q3 FY25 | −3.1% | −0.4 pts | −1.2% | |
| Q2 FY25 | −3.1% | −0.4 pts | −1.3% | |
| Q1 FY25 | −3.0% | −0.5 pts | −1.4% | |
| Q4 FY24 | −2.8% | −0.5 pts | −1.5% | |
| Q3 FY24 | −2.7% | −2.0 pts | −2.4% | |
| Q2 FY24 | −2.7% | −3.1 pts | −2.4% | |
| Q1 FY24 | −2.5% | −4.2 pts | −2.1% | |
| Q4 FY23 | −2.3% | −5.1 pts | −2.0% | |
| Q3 FY23 | −0.7% | −6.8 pts | −0.1% |
Against its peers
Companies in Specialty Retail nearest Sportsman's Warehouse's size, closest first, today.
| Company | Profit margin |
|---|---|
| SPWHSportsman's Warehouse | −3.9% |
| BODIBeachbody | 5.7% |
| HOURHour Loop | 1.1% |
| LOVELovesac | 2.6% |
| ELAEnvela | 7.6% |
| BBWBuild-A-Bear Workshop | 10.0% |
| Peer median | 5.7% |
Where Sportsman's Warehouse ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Sportsman's Warehouse
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.