Superworth

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

GrossOperatingNet

Open the interactive chart, with overlays and comparisons

Fiscal year by fiscal year

Fiscal yearNet marginOperating marginGross margin
FY2025−4.1%−3.1%30.9%
FY2024−2.8%−1.5%30.9%
FY2023−2.3%−2.0%29.8%
FY20222.9%4.1%32.9%
FY20217.2%6.0%32.6%
FY20206.3%8.5%32.8%
FY20192.3%3.8%33.5%
FY20182.8%5.2%33.6%
FY20172.2%5.8%33.8%
FY20163.8%7.8%33.7%
FY20153.9%8.4%33.7%
FY20142.1%6.8%32.6%
FY20133.4%9.3%32.2%

Quarter by quarter

QuarterEndedNet margin, 12 monthsChange on a yearOperating 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.

CompanyProfit margin
SPWHSportsman's Warehouse−3.9%
BODIBeachbody5.7%
HOURHour Loop1.1%
LOVELovesac2.6%
ELAEnvela7.6%
BBWBuild-A-Bear Workshop10.0%
Peer median5.7%

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.