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SFM

Sprouts Farmers Market, Inc.

SFM

Sprouts Farmers Market, Inc. NASDAQ
$83.84 0.67% (+0.56)

Market Cap $8.16 B
52w High $182.00
52w Low $75.75
Dividend Yield 0%
P/E 16.25
Volume 957.26K
Outstanding Shares 97.38M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $2.2B $693.653M $120.116M 5.459% $1.23 $199.517M
Q2-2025 $2.221B $683.244M $133.703M 6.021% $1.37 $217.8M
Q1-2025 $2.236B $660.031M $180.026M 8.05% $1.81 $263.152M
Q4-2024 $1.996B $673.727M $79.602M 3.988% $0.8 $143.152M
Q3-2024 $1.946B $618.472M $91.61M 4.708% $0.91 $158.576M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $322.415M $4.013B $2.579B $1.435B
Q2-2025 $261.404M $3.783B $2.427B $1.357B
Q1-2025 $285.663M $3.738B $2.45B $1.288B
Q4-2024 $265.159M $3.641B $2.319B $1.322B
Q3-2024 $309.668M $3.586B $2.242B $1.343B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $133.703M $111.248M $-60.84M $-74.646M $-24.238M $50.408M
Q1-2025 $180.026M $299.089M $-59.479M $-219.088M $20.522M $239.61M
Q4-2024 $79.602M $124.863M $-68.688M $-100.687M $-44.512M $56.175M
Q3-2024 $91.61M $209.056M $-52.762M $-24.044M $132.25M $156.294M
Q2-2024 $95.289M $91.6M $-57.684M $-168.795M $-134.879M $33.916M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Non Perishables
Non Perishables
$860.00M $970.00M $950.00M $930.00M
Perishables
Perishables
$1.14Bn $1.27Bn $1.27Bn $1.27Bn

Five-Year Company Overview

Income Statement

Income Statement Sprouts’ sales have grown steadily over the past several years, and profits have risen faster than sales, which points to improving margins and better cost control. The company appears to be managing purchasing, pricing, and mix (especially higher-margin private label and fresh categories) in a disciplined way. Earnings per share have climbed meaningfully, suggesting that shareholders are benefiting both from higher profitability and a more efficient business model. The main risk is that grocery remains a thin-margin industry, so any misstep in pricing, promotions, or cost inflation could quickly pressure profits.


Balance Sheet

Balance Sheet The balance sheet looks progressively stronger, with total assets and shareholder equity both growing over time. Debt has inched up but not in a way that looks aggressive relative to the size and profitability of the business, and cash on hand has generally trended upward. This combination suggests Sprouts is funding growth while still reinforcing its financial foundation. The key watchpoint is that continued store expansion and supply-chain investments could increase leverage if growth or profitability were to slow.


Cash Flow

Cash Flow Sprouts consistently generates solid cash flow from its day-to-day operations, and this has improved over the years. Even after investing more heavily in new stores, technology, and distribution capabilities, the company has been able to maintain healthy surplus cash. That indicates growth is largely being funded by the business itself rather than by relying heavily on outside financing. The trade-off is that capital spending is rising, so sustained strong cash generation will be important to keep flexibility intact.


Competitive Edge

Competitive Edge Sprouts occupies a focused niche in the grocery market by targeting health-conscious shoppers who value natural, organic, and specialty products. Its smaller, farmers-market style stores, strong emphasis on fresh produce, and “treasure hunt” assortment differentiate it from big-box grocers and discount chains. A growing private-label portfolio further supports margins and customer loyalty. However, the company still competes with much larger players that can expand their own natural and organic offerings, so Sprouts must keep its assortment, in-store experience, and brand positioning clearly distinct to defend its edge.


Innovation and R&D

Innovation and R&D Innovation at Sprouts is less about flashy in-store technology and more about behind-the-scenes improvements and product creativity. The company has upgraded its supply-chain systems and planning tools to keep fresh food moving efficiently and to reduce waste, which can directly support margins. On the customer side, Sprouts is leaning into e-commerce partnerships, data analytics, and a nationwide loyalty program designed to personalize offers and deepen engagement. It also invests heavily in product innovation—through its “foraging” teams, innovation centers, and an expanding private label—which keeps the assortment fresh and aligned with emerging health and diet trends. Future moves into more self-distribution of fresh products add another layer of operational innovation aimed at quality control and profitability.


Summary

Overall, Sprouts shows a pattern of steady growth, improving profitability, and generally sound financial health, supported by consistent cash generation. The business model is built around a distinct, health-focused niche and a differentiated in-store experience, reinforced by a strong private-label program and an evolving digital and loyalty strategy. Back-end technology and supply-chain initiatives appear to be quietly strengthening efficiency rather than transforming the brand’s identity, which remains centered on fresh, natural, and discovery-based shopping. The main things to monitor are the success of the accelerated store expansion, the real-world impact of the new loyalty program and self-distribution efforts, and how effectively Sprouts can maintain its margin gains in a very competitive, price-sensitive industry.