Loading financials from SEC filings…
Grocery stores · Consumer Defensive · Fiscal year ends Dec 28
Sprouts Farmers Market reported revenue of $8.8B in the fiscal year ended Dec 2025, up 14.1% from the year before. Operating income was $686M, an operating margin of 7.8%, and net income was $524M. Operating cash flow of $716M less capital expenditure of $248M left free cash flow of $468M.
Ranks among the 4 grocery stores companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Jan 2022 | Jan 2023 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | 6,100 | 6,404 | 6,837 | 7,719 | 8,806 |
| Cost of revenue | 3,891 | 4,056 | 4,316 | 4,778 | 5,390 |
| Gross profit | 2,209 | 2,349 | 2,522 | 2,941 | 3,416 |
| Selling, general & admin | 1,748 | 1,856 | 2,000 | 2,291 | 2,575 |
| Operating income | 334 | 358 | 350 | 504 | 686 |
| Net interest incomeBanks | −11.7 | −9.0 | −6.5 | – | – |
| Pre-tax income | 322 | 349 | 344 | 507 | 689 |
| Income tax | 78.2 | 88.1 | 84.9 | 126 | 165 |
| Net income | 244 | 261 | 259 | 381 | 524 |
| Diluted EPS | 2.10 | 2.39 | 2.50 | 3.75 | 5.31 |
| Diluted shares | 116 | 109 | 103 | 101 | 98.7 |
| Fiscal year | Jan 2022 | Jan 2023 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | 245 | 293 | 202 | 265 | 257 |
| Receivables | 21.6 | 16.1 | 30.3 | 30.9 | 65.2 |
| Inventory | 265 | 311 | 323 | 343 | 427 |
| Current assets | 568 | 674 | 604 | 676 | 810 |
| Net PP&E | 716 | 722 | 799 | 895 | 1,085 |
| Goodwill | 369 | 369 | 382 | 382 | 382 |
| Total assets | 2,923 | 3,070 | 3,327 | 3,641 | 4,159 |
| Payables | 146 | 173 | 180 | 213 | 291 |
| Deferred revenue | 12.6 | 10.9 | 10.6 | 11.1 | 21.1 |
| Current liabilities | 513 | 522 | 547 | 680 | 871 |
| Long-term debt | 250 | 250 | 125 | – | – |
| Total liabilities | 1,963 | 2,024 | 2,179 | 2,319 | 2,756 |
| Shareholders' equity | 960 | 1,046 | 1,149 | 1,322 | 1,403 |
| Fiscal year | Jan 2022 | Jan 2023 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | 365 | 371 | 465 | 645 | 716 |
| Capital expenditure | 102 | 124 | 225 | 230 | 248 |
| Free cash flow | 262 | 247 | 240 | 415 | 468 |
| Depreciation & amortisation | 126 | 127 | 138 | 140 | 158 |
| Stock-based compensation | 15.9 | 16.6 | 18.9 | 28.4 | 31.1 |
| Acquisitions | 0.0 | 0.0 | 13.0 | 0.0 | 0.0 |
| Share buybacks | 188 | 200 | 203 | 228 | 472 |
| Fiscal year | Jan 2022 | Jan 2023 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 5.0% | 6.8% | 12.9% | 14.1% |
| Operating income growth (YoY) | – | 7.3% | −2.3% | 44.0% | 36.0% |
| EPS growth (YoY) | – | 13.8% | 4.6% | 50.0% | 41.6% |
| Gross margin | 36.2% | 36.7% | 36.9% | 38.1% | 38.8% |
| Operating margin | 5.5% | 5.6% | 5.1% | 6.5% | 7.8% |
| Net margin | 4.0% | 4.1% | 3.8% | 4.9% | 5.9% |
| Return on equityBlank when equity is negative | 25.4% | 25.0% | 22.5% | 28.8% | 37.3% |
| ROCEEBIT ÷ (assets − current liabilities) | 13.9% | 14.1% | 12.6% | 17.0% | 20.9% |
| Free cash flow margin | 4.3% | 3.9% | 3.5% | 5.4% | 5.3% |
| Cash conversion (CFO ÷ net income) | 1.49x | 1.42x | 1.80x | 1.70x | 1.37x |
| Receivable days | 1 | 1 | 2 | 1 | 3 |
| Inventory days | 25 | 28 | 27 | 26 | 29 |
| Payable days | 14 | 16 | 15 | 16 | 20 |
| Debt ÷ equity | 0.26x | 0.24x | 0.11x | – | – |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | 4.7 | −43.2 | −76.8 | – | – |
| Current ratio | 1.11x | 1.29x | 1.10x | 0.99x | 0.93x |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.