Simply Good Financials
This page shows Simply Good (SMPL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 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).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Simply Good has an operating margin of 10.8%, meaning the company retains $11 of operating profit per $100 of revenue. This results in a moderate score of 54/100, indicating healthy but not exceptional operating efficiency. This is down from 15.5% the prior year.
Simply Good's revenue grew 9.0% year-over-year to $1.5B, a solid pace of expansion. This earns a growth score of 54/100.
Simply Good carries a low D/E ratio of 0.14, meaning only $0.14 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 3.64, Simply Good holds $3.64 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Simply Good has a free cash flow margin of 10.9%, earning a moderate score of 54/100. The company generates positive cash flow after capital investments, but with room for improvement.
Simply Good generates a 5.7% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 23/100. This is down from 8.1% the prior year.
Simply Good scores 2.79, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($1.4B) relative to total liabilities ($589.2M). This signals moderate financial risk that warrants monitoring.
Simply Good passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Simply Good generates $1.72 in operating cash flow ($178.5M OCF vs $103.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Simply Good earns $6.7 in operating income for every $1 of interest expense ($156.9M vs $23.2M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Simply Good generated $1.5B in revenue in fiscal year 2025. This represents an increase of 9.0% from the prior year.
Simply Good's EBITDA was $178.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 21.6% from the prior year.
Simply Good generated $157.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 24.8% from the prior year.
Simply Good reported $103.6M in net income in fiscal year 2025. This represents a decrease of 25.6% from the prior year.
Simply Good earned $1.02 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 26.1% from the prior year.
Simply Good held $98.5M in cash against $249.1M in long-term debt as of fiscal year 2025.
Simply Good had 100M shares outstanding in fiscal year 2025. This represents a decrease of 0.4% from the prior year.
Simply Good's gross margin was 36.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 2.2 percentage points from the prior year.
Simply Good's operating margin was 10.8% in fiscal year 2025, reflecting core business profitability. This is down 4.7 percentage points from the prior year.
Simply Good's net profit margin was 7.1% in fiscal year 2025, showing the share of revenue converted to profit. This is down 3.3 percentage points from the prior year.
Simply Good's ROE was 5.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 2.3 percentage points from the prior year.
Simply Good invested $5.5M in research and development in fiscal year 2025. This represents an increase of 1.9% from the prior year.
Simply Good spent $50.9M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
Simply Good invested $20.5M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 257.7% from the prior year.
SMPL Income Statement
| Metric | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $340.2M-10.7% | $381.0M+5.9% | $359.7M+5.4% | $341.3M+1.9% | $334.8M+7.2% | $312.2M+1.1% | $308.7M-5.0% | $324.8M |
| Cost of Revenue | $230.3M-5.0% | $242.4M+5.6% | $229.5M+8.9% | $210.8M+4.8% | $201.1M+3.0% | $195.3M+0.9% | $193.6M-5.8% | $205.5M |
| Gross Profit | $109.9M-20.7% | $138.5M+6.4% | $130.1M-0.3% | $130.5M-2.3% | $133.6M+14.3% | $116.9M+1.5% | $115.1M-3.5% | $119.2M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $38.0M-7.8% | $41.2M+14.5% | $36.0M-5.4% | $38.1M+20.7% | $31.5M+5.4% | $29.9M+11.1% | $26.9M-11.7% | $30.5M |
| Operating Income | $37.6M-36.6% | $59.3M+8.4% | $54.7M+0.2% | $54.6M-7.1% | $58.8M+22.2% | $48.1M-7.2% | $51.8M-4.4% | $54.2M |
| Interest Expense | $4.3M-12.5% | $4.9M-22.7% | $6.3M-19.4% | $7.9M+56.3% | $5.0M-10.2% | $5.6M-7.3% | $6.0M-21.1% | $7.6M |
| Income Tax | $8.5M-37.3% | $13.6M+11.5% | $12.2M+28.0% | $9.6M-28.6% | $13.4M+30.4% | $10.3M-11.1% | $11.5M-1.4% | $11.7M |
| Net Income | $25.3M-38.5% | $41.1M+11.9% | $36.7M-3.6% | $38.1M-7.8% | $41.3M+24.8% | $33.1M-6.9% | $35.6M+0.4% | $35.4M |
| EPS (Diluted) | $0.26-35.0% | $0.40+11.1% | $0.36-5.3% | $0.38-7.3% | $0.41+24.2% | $0.33-5.7% | $0.350.0% | $0.35 |
SMPL Balance Sheet
| Metric | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.5B+0.8% | $2.4B+0.1% | $2.4B-0.3% | $2.4B-0.1% | $2.4B+13.4% | $2.1B+1.5% | $2.1B+0.9% | $2.1B |
| Current Assets | $513.8M+17.6% | $436.9M-1.7% | $444.5M+0.1% | $444.0M+0.8% | $440.3M+1.0% | $435.8M+9.9% | $396.5M+6.7% | $371.7M |
| Cash & Equivalents | $194.1M+98.0% | $98.0M-5.5% | $103.7M-14.8% | $121.8M-8.1% | $132.5M-2.5% | $135.9M+11.9% | $121.4M+38.4% | $87.7M |
| Inventory | $181.1M+10.1% | $164.5M+0.4% | $163.7M+5.4% | $155.3M+9.3% | $142.1M+22.7% | $115.8M-6.0% | $123.2M+5.6% | $116.6M |
| Accounts Receivable | $129.2M-15.3% | $152.6M-2.9% | $157.1M+5.0% | $149.7M-0.7% | $150.7M+2.2% | $147.5M+8.8% | $135.6M-6.6% | $145.1M |
| Goodwill | $590.0M0.0% | $590.0M0.0% | $590.0M-0.3% | $591.7M0.0% | $591.7M+8.9% | $543.1M0.0% | $543.1M0.0% | $543.1M |
| Total Liabilities | $716.5M+21.6% | $589.4M-3.3% | $609.4M-7.4% | $657.9M-7.2% | $708.7M+41.7% | $500.1M-1.5% | $507.9M-3.4% | $526.0M |
| Current Liabilities | $102.6M-7.3% | $110.7M+6.3% | $104.2M-0.8% | $105.0M-3.3% | $108.6M+4.8% | $103.7M+31.2% | $79.0M-12.1% | $89.9M |
| Long-Term Debt | $396.7M+59.4% | $248.9M-16.6% | $298.5M-14.2% | $348.0M-12.5% | $397.5M+67.3% | $237.6M-12.6% | $272.0M-3.4% | $281.6M |
| Total Equity | $1.7B-5.8% | $1.8B+1.3% | $1.8B+2.3% | $1.8B+2.8% | $1.7B+4.9% | $1.6B+2.5% | $1.6B+2.3% | $1.6B |
| Retained Earnings | $616.1M+2.1% | $603.2M+7.3% | $562.1M+7.0% | $525.4M+7.8% | $487.3M+17.0% | $416.6M+8.6% | $383.5M+10.2% | $348.0M |
SMPL Cash Flow Statement
| Metric | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $50.1M-28.3% | $69.8M+123.5% | $31.2M-2.4% | $32.0M-34.6% | $48.9M+5.3% | $46.5M-2.2% | $47.5M-21.7% | $60.7M |
| Capital Expenditures | $2.1M+22.3% | $1.7M+246.3% | $495K+61.2% | $307K-92.1% | $3.9M+1038.5% | $343K-53.9% | $744K-49.6% | $1.5M |
| Free Cash Flow | $48.0M-29.5% | $68.1M+121.5% | $30.8M-3.0% | $31.7M-29.6% | $45.0M-2.3% | $46.1M-1.4% | $46.8M-21.0% | $59.2M |
| Investing Cash Flow | -$2.1M+4.4% | -$2.2M-427.7% | $669K+200.0% | -$669K+99.8% | -$284.5M-59426.6% | -$478K+40.3% | -$800K+54.1% | -$1.7M |
| Financing Cash Flow | $47.6M+165.4% | -$72.8M-45.5% | -$50.1M-18.2% | -$42.3M-126.5% | $159.5M+605.4% | -$31.6M-140.8% | -$13.1M+67.2% | -$40.0M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $99.6M | N/A | N/A | $0 | $0 | $0 | $0 | $0 |
SMPL Financial Ratios
| Metric | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 32.3%-4.1pp | 36.4%+0.2pp | 36.2%-2.1pp | 38.2%-1.7pp | 39.9%+2.5pp | 37.4%+0.1pp | 37.3%+0.6pp | 36.7% |
| Operating Margin | 11.1%-4.5pp | 15.6%+0.4pp | 15.2%-0.8pp | 16.0%-1.6pp | 17.6%+2.2pp | 15.4%-1.4pp | 16.8%+0.1pp | 16.7% |
| Net Margin | 7.4%-3.4pp | 10.8%+0.6pp | 10.2%-0.9pp | 11.2%-1.2pp | 12.3%+1.7pp | 10.6%-0.9pp | 11.5%+0.6pp | 10.9% |
| Return on Equity | 1.5%-0.8pp | 2.2%+0.2pp | 2.0%-0.1pp | 2.1%-0.3pp | 2.4%+0.4pp | 2.0%-0.2pp | 2.2%-0.1pp | 2.3% |
| Return on Assets | 1.0%-0.7pp | 1.7%+0.2pp | 1.5%-0.1pp | 1.6%-0.3pp | 1.9%+0.3pp | 1.5%-0.1pp | 1.7%-0.0pp | 1.7% |
| Current Ratio | 5.01+1.1 | 3.95-0.3 | 4.27+0.0 | 4.23+0.2 | 4.05-0.2 | 4.20-0.8 | 5.02+0.9 | 4.14 |
| Debt-to-Equity | 0.23+0.1 | 0.14-0.0 | 0.16-0.0 | 0.20-0.0 | 0.23+0.1 | 0.14-0.0 | 0.170.0 | 0.18 |
| FCF Margin | 14.1%-3.8pp | 17.9%+9.3pp | 8.6%-0.7pp | 9.3%-12.2pp | 21.5%+6.7pp | 14.8%-0.4pp | 15.2%+0.2pp | 15.0% |
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Frequently Asked Questions
What is Simply Good's annual revenue?
Simply Good (SMPL) reported $1.5B in total revenue for fiscal year 2025. This represents a 9.0% 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 Simply Good's revenue growing?
Simply Good (SMPL) revenue grew by 9% year-over-year, from $1.3B to $1.5B in fiscal year 2025.
Is Simply Good profitable?
Yes, Simply Good (SMPL) reported a net income of $103.6M in fiscal year 2025, with a net profit margin of 7.1%.
What is Simply Good's earnings per share (EPS)?
Simply Good (SMPL) reported diluted earnings per share of $1.02 for fiscal year 2025. This represents a -26.1% 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 Simply Good's EBITDA?
Simply Good (SMPL) had EBITDA of $178.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Simply Good have?
As of fiscal year 2025, Simply Good (SMPL) had $98.5M in cash and equivalents against $249.1M in long-term debt.
What is Simply Good's gross margin?
Simply Good (SMPL) had a gross margin of 36.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Simply Good's operating margin?
Simply Good (SMPL) had an operating margin of 10.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Simply Good's net profit margin?
Simply Good (SMPL) had a net profit margin of 7.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Simply Good's return on equity (ROE)?
Simply Good (SMPL) has a return on equity of 5.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Simply Good's free cash flow?
Simply Good (SMPL) generated $157.9M in free cash flow during fiscal year 2025. This represents a -24.8% 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 Simply Good's operating cash flow?
Simply Good (SMPL) generated $178.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Simply Good's total assets?
Simply Good (SMPL) had $2.4B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Simply Good's capital expenditures?
Simply Good (SMPL) invested $20.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Simply Good spend on research and development?
Simply Good (SMPL) invested $5.5M in research and development during fiscal year 2025.
Does Simply Good buy back shares?
Yes, Simply Good (SMPL) spent $50.9M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does Simply Good have outstanding?
Simply Good (SMPL) had 100M shares outstanding as of fiscal year 2025.
What is Simply Good's current ratio?
Simply Good (SMPL) had a current ratio of 3.64 as of fiscal year 2025, which is generally considered healthy.
What is Simply Good's debt-to-equity ratio?
Simply Good (SMPL) had a debt-to-equity ratio of 0.14 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Simply Good's return on assets (ROA)?
Simply Good (SMPL) had a return on assets of 4.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Simply Good's Altman Z-Score?
Simply Good (SMPL) has an Altman Z-Score of 2.79, placing it in the Grey Zone (moderate 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 Simply Good's Piotroski F-Score?
Simply Good (SMPL) has a Piotroski F-Score of 6 out of 9, indicating neutral 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 Simply Good's earnings high quality?
Simply Good (SMPL) has an earnings quality ratio of 1.72x, 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.
Can Simply Good cover its interest payments?
Simply Good (SMPL) has an interest coverage ratio of 6.7x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Simply Good?
Simply Good (SMPL) scores 64 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.