What are Sportsman's Warehouse's profit margins?

Sportsman's Warehouse (SPWH) runs a 30.7% gross margin and a -2.9% operating margin, with a -4.2% net margin.

Where do Sportsman's Warehouse's ratios come from?

Every ratio is computed from Sportsman's Warehouse's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Sportsman's Warehouse SPWH Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	30.7%-0.2pp	30.9%0.0pp	31.4%+1.6pp	31.2%+1.7pp	31%+1.1pp
Net margin	-4.2%-1.2pp	-4.1%-1.4pp	-3.1%-0.4pp	-3.1%-0.4pp	-3%-0.5pp
Returns
Return on equity	-26.5%-10.8pp	-23.6%-10.4pp	-16.4%-3.5pp	-16.6%-3.4pp	-15.7%-3.7pp
Return on invested capital	-6.3%-3.3pp	-6.3%-3.3pp	-2.6%+2.2pp	-2.7%+2.1pp	-3%+1.4pp
Efficiency
Asset turnover	1.4×+0.1×	1.5×+0.1×	1.3×0.0×	1.3×0.0×	1.3×0.0×
Liquidity
Current ratio	1.2×0.0×	1.4×+0.1×	1.2×0.0×	1.2×0.0×	1.2×0.0×
Leverage
Debt-to-equity	2.3×+0.5×	2×+0.4×	1.8×+0.3×	1.9×+0.3×	1.8×+0.3×
Net debt / EBITDA	185.5×+168×	217.1×+200×	16.3×-17.5×	17.4×-15.1×	17.4×-9.2×
Per Share
Book value per share	$4.31-23.5%	$4.91-21.2%	$5.35-16.8%	$5.44-15.4%	$5.64-14.4%
Valuation
Market capitalization	$51.9M-59.8%	$45.41M-12.7%	$85.7M+6.1%	$102.69M+30.2%	$76.19M-46.8%
Price / sales	0×-0.1×	0×0.0×	0.1×0.0×	0.1×0.0×	0.1×0.0×
Price / book	0.3×-0.3×	0.2×0.0×	0.4×+0.1×	0.5×+0.2×	0.4×-0.2×
EV / EBITDA	210.6×+188×	243.2×+223×	19.9×-21.0×	21.9×-17.2×	20.9×-16.3×

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Questions, answered.

What are Sportsman's Warehouse's profit margins?: Sportsman's Warehouse (SPWH) runs a 30.7% gross margin and a -2.9% operating margin, with a -4.2% net margin.
Where do Sportsman's Warehouse's ratios come from?: Every ratio is computed from Sportsman's Warehouse's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.