Sprouts Farmers Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Sprouts Farmers has an operating margin of 6.5%, meaning the company retains $7 of operating profit per $100 of revenue. This results in a moderate score of 33/100, indicating healthy but not exceptional operating efficiency. This is up from 5.1% the prior year.
Sprouts Farmers's revenue grew 12.9% year-over-year to $7.7B, a solid pace of expansion. This earns a growth score of 65/100.
Sprouts Farmers has a moderate D/E ratio of 1.75. This balance of debt and equity financing earns a leverage score of 46/100.
Sprouts Farmers's current ratio of 0.99 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 20/100, which could limit financial flexibility.
Sprouts Farmers's free cash flow margin of 5.4% results in a low score of 27/100. Capital expenditures of $230.4M absorb a large share of operating cash flow.
Sprouts Farmers earns a strong 28.8% return on equity (ROE), meaning it generates $29 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is up from 22.5% the prior year.
Sprouts Farmers scores 4.51, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Sprouts Farmers passes 8 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Sprouts Farmers generates $1.70 in operating cash flow ($645.2M OCF vs $380.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
This page shows Sprouts Farmers (SFM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Sprouts Farmers generated $7.7B in revenue in fiscal year 2024. This represents an increase of 12.9% from the prior year.
Sprouts Farmers's EBITDA was $644.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 32.1% from the prior year.
Sprouts Farmers generated $414.8M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 73.0% from the prior year.
Sprouts Farmers reported $380.6M in net income in fiscal year 2024. This represents an increase of 47.0% from the prior year.
Sprouts Farmers earned $3.75 per diluted share (EPS) in fiscal year 2024. This represents an increase of 50.0% from the prior year.
Sprouts Farmers held $265.2M in cash against $0 in long-term debt as of fiscal year 2024.
Sprouts Farmers had 99M shares outstanding in fiscal year 2024. This represents a decrease of 1.9% from the prior year.
Sprouts Farmers's gross margin was 38.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 1.2 percentage points from the prior year.
Sprouts Farmers's operating margin was 6.5% in fiscal year 2024, reflecting core business profitability. This is up 1.4 percentage points from the prior year.
Sprouts Farmers's net profit margin was 4.9% in fiscal year 2024, showing the share of revenue converted to profit. This is up 1.1 percentage points from the prior year.
Sprouts Farmers's ROE was 28.8% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 6.3 percentage points from the prior year.
Sprouts Farmers spent $228.5M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 12.3% from the prior year.
Sprouts Farmers invested $230.4M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 2.2% from the prior year.
SFM Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.2B-0.9% | $2.2B-0.7% | $2.2B+12.0% | $2.0B+5.4% | $1.9B+0.5% | $1.9B+10.9% | $1.7B-0.9% | $1.7B |
| Cost of Revenue | $1.3B-0.6% | $1.4B+0.6% | $1.4B+9.2% | $1.2B+5.2% | $1.2B+1.2% | $1.2B+7.7% | $1.1B-0.9% | $1.1B |
| Gross Profit | $851.1M-1.3% | $862.6M-2.7% | $886.4M+16.6% | $759.9M+5.8% | $718.4M-0.5% | $722.3M+16.4% | $620.4M-0.8% | $625.4M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $653.3M+1.3% | $645.1M+3.5% | $623.2M+1.4% | $614.9M+10.5% | $556.4M+3.1% | $539.8M+5.1% | $513.5M+2.1% | $502.8M |
| Operating Income | $157.4M-12.2% | $179.4M-20.8% | $226.3M+112.6% | $106.5M-16.4% | $127.3M-14.1% | $148.3M+113.5% | $69.4M-20.8% | $87.7M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | -$818K-88.9% | -$433K+74.5% | -$1.7M |
| Income Tax | $38.0M-17.6% | $46.1M-2.4% | $47.2M+64.7% | $28.7M-10.8% | $32.2M-3.5% | $33.3M+75.9% | $19.0M-8.2% | $20.6M |
| Net Income | $120.1M-10.2% | $133.7M-25.7% | $180.0M+126.2% | $79.6M-16.5% | $95.3M-16.5% | $114.1M+128.0% | $50.0M-23.4% | $65.3M |
| EPS (Diluted) | $1.22-9.6% | $1.35-25.4% | $1.81+132.1% | $0.78-17.0% | $0.94-16.1% | $1.12+133.3% | $0.48-25.0% | $0.64 |
SFM Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $4.0B+6.1% | $3.8B+1.2% | $3.7B+2.7% | $3.6B+6.7% | $3.4B-1.8% | $3.5B+4.4% | $3.3B+1.1% | $3.3B |
| Current Assets | $817.5M+15.3% | $709.3M-3.1% | $732.3M+8.4% | $675.5M+18.9% | $568.1M-18.6% | $697.5M+15.5% | $603.8M-2.7% | $620.6M |
| Cash & Equivalents | $322.4M+23.3% | $261.4M-8.5% | $285.7M+7.7% | $265.2M+49.5% | $177.3M-43.2% | $312.3M+54.7% | $201.8M-19.9% | $251.8M |
| Inventory | $399.9M+13.9% | $351.1M+3.2% | $340.3M-0.9% | $343.3M+5.5% | $325.6M+3.0% | $316.2M-2.2% | $323.2M-0.1% | $323.7M |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $381.8M0.0% | $381.8M0.0% | $381.8M0.0% | $381.8M0.0% | $381.8M0.0% | $381.8M0.0% | $381.7M0.0% | $381.7M |
| Total Liabilities | $2.6B+6.3% | $2.4B-1.0% | $2.5B+5.7% | $2.3B+8.3% | $2.1B-5.3% | $2.3B+3.8% | $2.2B+0.2% | $2.2B |
| Current Liabilities | $781.5M+8.4% | $721.0M-6.6% | $772.0M+13.5% | $680.0M+23.7% | $549.8M-6.2% | $585.9M+7.1% | $546.9M+1.0% | $541.5M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | $125.0M | N/A |
| Total Equity | $1.4B+5.8% | $1.4B+5.3% | $1.3B-2.6% | $1.3B+4.1% | $1.3B+4.8% | $1.2B+5.4% | $1.1B+3.0% | $1.1B |
| Retained Earnings | $602.6M+13.1% | $532.6M+12.6% | $473.1M-7.9% | $513.7M+7.5% | $477.8M+11.8% | $427.3M+14.4% | $373.6M+7.7% | $346.9M |
SFM Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $167.1M+50.2% | $111.2M-62.8% | $299.1M+139.5% | $124.9M+36.3% | $91.6M-58.3% | $219.7M+292.0% | $56.0M-50.9% | $114.2M |
| Capital Expenditures | $55.8M-8.3% | $60.8M+2.3% | $59.5M-13.4% | $68.7M+19.1% | $57.7M+12.6% | $51.2M-15.0% | $60.3M-9.1% | $66.3M |
| Free Cash Flow | $111.4M+120.9% | $50.4M-79.0% | $239.6M+326.5% | $56.2M+65.6% | $33.9M-79.9% | $168.5M+4062.7% | -$4.3M-108.9% | $47.9M |
| Investing Cash Flow | -$55.8M+8.3% | -$60.8M-2.3% | -$59.5M+13.4% | -$68.7M-19.1% | -$57.7M-12.6% | -$51.2M+15.0% | -$60.3M+9.1% | -$66.3M |
| Financing Cash Flow | -$49.4M+33.8% | -$74.6M+65.9% | -$219.1M-117.6% | -$100.7M+40.3% | -$168.8M-191.2% | -$58.0M-26.8% | -$45.7M+17.9% | -$55.7M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $49.7M-32.3% | $73.5M-66.4% | $218.8M+121.5% | $98.8M+122.0% | $44.5M-25.9% | $60.0M+160.0% | $23.1M-28.0% | $32.1M |
SFM Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 38.7%-0.2pp | 38.9%-0.8pp | 39.6%+1.6pp | 38.1%+0.1pp | 37.9%-0.4pp | 38.3%+1.8pp | 36.5%+0.0pp | 36.5% |
| Operating Margin | 7.1%-0.9pp | 8.1%-2.0pp | 10.1%+4.8pp | 5.3%-1.4pp | 6.7%-1.2pp | 7.9%+3.8pp | 4.1%-1.0pp | 5.1% |
| Net Margin | 5.5%-0.6pp | 6.0%-2.0pp | 8.1%+4.1pp | 4.0%-1.0pp | 5.0%-1.0pp | 6.1%+3.1pp | 2.9%-0.9pp | 3.8% |
| Return on Equity | 8.4%-1.5pp | 9.9%-4.1pp | 14.0%+8.0pp | 6.0%-1.5pp | 7.5%-1.9pp | 9.4%+5.1pp | 4.4%-1.5pp | 5.9% |
| Return on Assets | 3.0%-0.5pp | 3.5%-1.3pp | 4.8%+2.6pp | 2.2%-0.6pp | 2.8%-0.5pp | 3.3%+1.8pp | 1.5%-0.5pp | 2.0% |
| Current Ratio | 1.05+0.1 | 0.98+0.0 | 0.95-0.0 | 0.99-0.0 | 1.03-0.2 | 1.19+0.1 | 1.10-0.0 | 1.15 |
| Debt-to-Equity | 1.800.0 | 1.79-0.1 | 1.90+0.1 | 1.75+0.1 | 1.69-0.2 | 1.87+1.8 | 0.11-1.8 | 1.95 |
| FCF Margin | 5.1%+2.8pp | 2.3%-8.4pp | 10.7%+7.9pp | 2.8%+1.0pp | 1.8%-7.1pp | 8.9%+9.2pp | -0.3%-3.0pp | 2.8% |
Note: The current ratio is below 1.0 (0.99), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Sprouts Farmers's annual revenue?
Sprouts Farmers (SFM) reported $7.7B in total revenue for fiscal year 2024. This represents a 12.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Sprouts Farmers's revenue growing?
Sprouts Farmers (SFM) revenue grew by 12.9% year-over-year, from $6.8B to $7.7B in fiscal year 2024.
Is Sprouts Farmers profitable?
Yes, Sprouts Farmers (SFM) reported a net income of $380.6M in fiscal year 2024, with a net profit margin of 4.9%.
What is Sprouts Farmers's earnings per share (EPS)?
Sprouts Farmers (SFM) reported diluted earnings per share of $3.75 for fiscal year 2024. This represents a 50.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Sprouts Farmers's EBITDA?
Sprouts Farmers (SFM) had EBITDA of $644.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Sprouts Farmers's gross margin?
Sprouts Farmers (SFM) had a gross margin of 38.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Sprouts Farmers's operating margin?
Sprouts Farmers (SFM) had an operating margin of 6.5% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Sprouts Farmers's net profit margin?
Sprouts Farmers (SFM) had a net profit margin of 4.9% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Sprouts Farmers's return on equity (ROE)?
Sprouts Farmers (SFM) has a return on equity of 28.8% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Sprouts Farmers's free cash flow?
Sprouts Farmers (SFM) generated $414.8M in free cash flow during fiscal year 2024. This represents a 73.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Sprouts Farmers's operating cash flow?
Sprouts Farmers (SFM) generated $645.2M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Sprouts Farmers's total assets?
Sprouts Farmers (SFM) had $3.6B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Sprouts Farmers's capital expenditures?
Sprouts Farmers (SFM) invested $230.4M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
Does Sprouts Farmers buy back shares?
Yes, Sprouts Farmers (SFM) spent $228.5M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Sprouts Farmers have outstanding?
Sprouts Farmers (SFM) had 99M shares outstanding as of fiscal year 2024.
What is Sprouts Farmers's current ratio?
Sprouts Farmers (SFM) had a current ratio of 0.99 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Sprouts Farmers's debt-to-equity ratio?
Sprouts Farmers (SFM) had a debt-to-equity ratio of 1.75 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Sprouts Farmers's return on assets (ROA)?
Sprouts Farmers (SFM) had a return on assets of 10.4% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Sprouts Farmers's Altman Z-Score?
Sprouts Farmers (SFM) has an Altman Z-Score of 4.51, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Sprouts Farmers's Piotroski F-Score?
Sprouts Farmers (SFM) has a Piotroski F-Score of 8 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Sprouts Farmers's earnings high quality?
Sprouts Farmers (SFM) has an earnings quality ratio of 1.70x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Sprouts Farmers?
Sprouts Farmers (SFM) scores 48 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.