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SMPL

The Simply Good Foods Company

SMPL

The Simply Good Foods Company • NASDAQ
$19.68 ▼ -0.20% (-0.04)
Market Cap $1.98 B
52w High $40.31
52w Low $18.47
Dividend Yield 0%
P/E 19.29
Volume 562.70K
Outstanding Shares 100.70M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2025 $369.041M ▼ $73.035M ▲ $-12.357M ▼ -3.348% ▼ $-0.12 ▼ $-6.921M ▼
Q3-2025 $380.956M ▲ $69.802M ▲ $41.102M ▲ 10.789% ▲ $0.41 ▲ $66.81M ▲
Q2-2025 $359.655M ▲ $69.136M ▲ $36.747M ▼ 10.217% ▼ $0.36 ▼ $62.095M ▼
Q1-2025 $341.268M ▼ $66.127M ▼ $38.122M ▲ 11.171% ▲ $0.38 ▲ $62.261M ▲
Q4-2024 $375.687M $82.105M $29.291M 7.797% $0.29 $57.056M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2025 $98.468M ▲ $2.396B ▼ $589.212M ▼ $1.807B ▼
Q3-2025 $98.008M ▼ $2.43B ▲ $589.437M ▼ $1.841B ▲
Q2-2025 $103.682M ▼ $2.427B ▼ $609.423M ▼ $1.818B ▲
Q1-2025 $121.759M ▼ $2.434B ▼ $657.893M ▼ $1.777B ▲
Q4-2024 $132.53M $2.484B $756.581M $1.727B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2025 $-12.357M ▼ $45.37M ▼ $-18.74M ▼ $-25.999M ▲ $460K ▲ $27.344M ▼
Q3-2025 $41.102M ▲ $69.82M ▲ $-2.192M ▼ $-72.82M ▼ $-5.674M ▲ $68.106M ▲
Q2-2025 $36.747M ▼ $31.246M ▼ $669K ▲ $-50.055M ▼ $-18.077M ▼ $30.751M ▼
Q1-2025 $38.122M ▲ $32.021M ▼ $-669K ▲ $-42.331M ▼ $-10.771M ▲ $31.714M ▼
Q4-2024 $29.291M $47.75M $-284.537M $160.669M $-76.151M $43.115M

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown steadily over the past several years, showing that demand for the company’s products is expanding. Gross profit has also risen, which means the core business of making and selling products is scaling reasonably well. However, operating profit has not grown as quickly as sales, and earnings recently stepped down despite higher revenue. This suggests margin pressure, likely from input cost inflation, heavier marketing, and the integration of a lower‑margin acquisition. Profitability is still healthy for a packaged‑foods company, but the recent dip in net income and per‑share earnings is a sign that the company is trading some profitability in the short term to support growth and brand building. Overall, the income statement shows a growing business with good but tightening margins, where the key watchpoint is whether earnings can re‑accelerate as integration and cost pressures are managed.

Balance Sheet

Balance Sheet The balance sheet has expanded over time, with total assets and shareholders’ equity both rising, which reflects the cumulative effect of acquisitions and retained profits. Debt levels have been coming down from earlier years, leaving the company with moderate leverage for its industry, not overly stretched but not debt‑free either. Cash on hand is positive but not large, which is typical for an asset‑light consumer company but leaves less of a buffer in a severe downturn. The growing equity base and reduced debt load point to a stronger underlying financial foundation over time, but the company still needs continued healthy cash generation to comfortably fund growth, marketing, and any future acquisitions. In short, the balance sheet looks solid and gradually de‑risked, with manageable leverage and room to maneuver, but not an excess of idle cash.

Cash Flow

Cash Flow Cash generation from the core business has been consistently positive and has generally improved over the years, even if it can fluctuate from one year to the next. Free cash flow is strong relative to the size of the business, helped by very low capital spending needs due to the asset‑light manufacturing model. Because the company does not have to invest heavily in factories or equipment, much of its operating cash flow can be directed to paying down debt, funding acquisitions, and investing in marketing and product development. The slight softening in operating cash in the latest period is worth monitoring, but overall patterns still show a business that reliably converts profits into cash. Net result: cash flow is a key strength, supporting strategic flexibility and helping to offset the risks of margin pressure on the income statement.

Competitive Edge

Competitive Edge The company operates in the fast‑growing healthy snacking and nutrition segment, which is attractive but highly competitive. Its main strength is a portfolio of well‑known, focused brands: Quest in high‑protein indulgent snacks, Atkins in low‑carb weight‑management products, and OWYN in plant‑based, allergen‑friendly nutrition. Each brand targets a different consumer need, giving the company a diversified position within the broader health and wellness space. An extensive distribution footprint across grocery, mass retail, convenience, clubs, and e‑commerce means its products are easy to find, which is crucial in packaged foods. The asset‑light model, using co‑manufacturers, adds flexibility and reduces capital intensity, allowing the company to respond more quickly to shifts in demand. Key risks include intense competition from both large food companies and niche brands, the possibility that diet trends shift away from current themes like low‑carb or high‑protein, and the pressure from retailers’ own private‑label offerings. The company’s moat is credible but must constantly be defended through branding, innovation, and execution.

Innovation and R&D

Innovation and R&D Innovation here is about consumer insight and product design rather than heavy scientific research. The company has been strong at turning indulgent food formats—chips, cookies, candies, even pizzas and donuts—into higher‑protein, lower‑sugar versions under the Quest brand, keeping the products fun while aligning with health goals. Atkins is being refreshed to feel more like an everyday better‑for‑you snack brand rather than a strict diet program, with new bars and ready‑to‑drink shakes. OWYN gives the company a meaningful stake in plant‑based and allergen‑friendly nutrition, tapping into one of the fastest‑growing areas of the market. Using contract manufacturers lets the company test and scale new products without heavy factory investment, while e‑commerce and digital marketing provide data on what consumers actually buy and respond to. The main execution risks are staying ahead of rapidly evolving tastes, successfully integrating OWYN, and protecting margins as the company launches and scales new items that may initially be lower margin.

Summary

Simply Good Foods shows a pattern of steady revenue growth backed by recognizable, on‑trend brands in health‑focused snacking. Profitability is solid but has recently come under some pressure as the company invests in growth and integrates newer, slightly lower‑margin lines. The balance sheet has strengthened over time, with rising equity and a more comfortable debt position, and the business converts a good share of its profits into cash, aided by low capital‑spending needs. Competitively, the company benefits from strong brand recognition, broad distribution, and a focused strategy in high‑protein, low‑sugar, and plant‑based products. Its innovation engine is rooted in quickly adapting everyday indulgent formats to better‑for‑you versions and expanding into plant‑based and RTD shakes. The main things to watch going forward are: whether margins stabilize and improve after recent pressures, how effectively OWYN is scaled, whether Atkins can regain momentum, and how well the company continues to differentiate itself as the healthy snacking space becomes more crowded. Overall, it appears to be a growth‑oriented packaged‑foods business with a solid financial base and meaningful, but manageable, competitive and execution risks.

NEWS

October 23, 2025 · 7:00 AM UTC

The Simply Good Foods Company Reports Fiscal Fourth Quarter and Full Fiscal Year 2025 Financial Results and Provides Fiscal Year 2026 Outlook

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October 22, 2025 · 9:00 AM UTC

Quest Nutrition Expands Its Lineup with Protein Donuts

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October 2, 2025 · 7:00 AM UTC

Simply Good Foods to Report Fourth Quarter and Full Fiscal Year 2025 Financial Results on Thursday, October 23, 2025

Read more