What is Sweetgreen's debt-to-equity?

Sweetgreen (SG) reported debt-to-equity of 0.7× in Q1 2026.

How has Sweetgreen's debt-to-equity changed year-over-year?

Sweetgreen's debt-to-equity decreased by 4.3% year-over-year, from 0.8× to 0.7×.

What is the long-term trend for Sweetgreen's debt-to-equity?

Over 3 years (2022 to 2025), Sweetgreen's debt-to-equity has grown at a 21.4% compound annual growth rate (CAGR), from 0.6× to 1×.

What does debt-to-equity mean?

Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.

Sweetgreen SG Debt-to-equity

Debt-to-equity at other companies

AmazonAMZN

0.5×0.0×

Chipotle Mexican GrillCMG

2.2×+0.9×

Shake ShackSHAK

1.8×0.0×

CAVA GroupCAVA

0.6×0.0×

First Watch Restaurant Group, Inc.FWRG

1.6×+0.3×

Biglari Holdings Inc.BH

0.6×+0.5×

Other financials

Income statement

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Revenue$161.5M-2.9%

Gross profit$16.2M-45.4%

Operating income-$34.3M-20.4%

Net income$125.8M+602%

EPS (diluted)$1.05+600%

Balance sheet

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Cash & equivalents$161.0M-13.7%

Total debt$356.1M+8.1%

Total equity$488.9M+13.0%

Total assets$912.7M+9.4%

Cash flow

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Operating cash flow-$17.2M-30.7%

CapEx$12.4M-25.9%

Free cash flow-$29.6M+1.0%

Valuation

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Market cap$1.06B-26.8%

Enterprise value$1.25B-21.1%

P/E63×—

P/S1.6×-0.5×

Profitability

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Gross margin13.3%-6.2pp

Operating margin-21.5%+22.8pp

Net margin2.5%+1.4pp

FCF margin-17.6%+929pp

Returns & leverage

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Return on equity3.6%+2.0pp

Current ratio1.6×-0.4×

Where this comes from

Calculated from Sweetgreen’s reported figures.

total debt/total stockholders equity=0.7×

Based on the most recent quarter.

The official record: Sweetgreen’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Sweetgreen's debt-to-equity?: Sweetgreen (SG) reported debt-to-equity of 0.7× in Q1 2026.
How has Sweetgreen's debt-to-equity changed year-over-year?: Sweetgreen's debt-to-equity decreased by 4.3% year-over-year, from 0.8× to 0.7×.
What is the long-term trend for Sweetgreen's debt-to-equity?: Over 3 years (2022 to 2025), Sweetgreen's debt-to-equity has grown at a 21.4% compound annual growth rate (CAGR), from 0.6× to 1×.
What does debt-to-equity mean?: Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.