What is Sweetgreen's net margin?

Sweetgreen (SG) reported net margin of 2.5% in Q1 2026.

How has Sweetgreen's net margin changed year-over-year?

Sweetgreen's net margin increased by 119.1% year-over-year, from -13% to 2.5%.

What is the long-term trend for Sweetgreen's net margin?

Over 5 years (2020 to 2025), Sweetgreen's net margin has grown at a -21.0% compound annual growth rate (CAGR), from -64% to -19.7%.

What does net margin mean?

Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.

Sweetgreen SG Net margin

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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

FCF margin-17.6%+929pp

Returns & leverage

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Return on equity3.6%+2.0pp

Debt / equity0.7×0.0×

Current ratio1.6×-0.4×

Where this comes from

Calculated from Sweetgreen’s reported figures.

net income/total revenue=2.5%

Based on trailing twelve months.

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 net margin?: Sweetgreen (SG) reported net margin of 2.5% in Q1 2026.
How has Sweetgreen's net margin changed year-over-year?: Sweetgreen's net margin increased by 119.1% year-over-year, from -13% to 2.5%.
What is the long-term trend for Sweetgreen's net margin?: Over 5 years (2020 to 2025), Sweetgreen's net margin has grown at a -21.0% compound annual growth rate (CAGR), from -64% to -19.7%.
What does net margin mean?: Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.