SFM

MKT CAP:$7B

Sprouts Farmers Market, Inc.

Market Cap

$7B

Consumer Defensive·Grocery Stores·🇺🇸 United States·NASDAQ

Consumer Def.·Grocery Stores·🇺🇸·NASDAQ

Stock Price

$74.15-$6.49 (-8.05%)

Apr 17, 2026

Company Details

Sprouts Farmers Market, Inc. offers fresh, natural, and organic food products in the United States. The company offers perishable product categories, including fresh produce, meat, seafood, deli, bakery, floral and dairy, and dairy alternat...

CEO

Jack L. Sinclair

IPO Date

Aug 1, 2013

Website

www.sprouts.com

Key Metrics TTM

Revenue

$8.8B

+14.1% YoY

Net Income

$524M

EPS (Diluted)

$5.30

Free Cash Flow

$466M

Revenue / Share

$90.29

Gross Margin

38.3%

Operating Margin

7.8%

Net Margin

5.9%

FCF Margin

5.3%

P/S

0.8x

P/E

13.1x

Earnings Reports

Q1 2026

Apr 29, 2026

PENDING

FY 2025

Feb 19, 2026

$8.8B+14.1%EPS $5.31

Q4 2025

Feb 19, 2026

$2.1B+7.6%EPS $0.92

Q3 2025

Oct 29, 2025

$2.2B+13.1%EPS $1.22

Q2 2025

Jul 30, 2025

$2.2B+17.3%EPS $1.35

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$1.6B	$612M	$120M
Q2 22	$1.6B	$580M	$87M
Q3 22	$1.6B	$584M	$90M
Q4 22	$1.6B	$585M	$62M
Q1 23	$1.7B	$650M	$102M
Q2 23	$1.7B	$626M	$92M
Q3 23	$1.7B	$625M	$88M
Q4 23	$1.7B	$639M	$69M
Q1 24	$1.9B	$722M	$148M
Q2 24	$1.9B	$718M	$127M
Q3 24	$1.9B	$741M	$122M
Q4 24	$2.0B	$780M	$106M
Q1 25	$2.2B	$886M	$226M
Q2 25	$2.2B	$863M	$179M
Q3 25	$2.2B	$851M	$157M
Q4 25	$2.1B	$777M	$124M

Valuation

Quarter	P/S	P/E
Q1 22	0.6x	14.0x
Q2 22	0.5x	11.3x
Q3 22	0.5x	11.6x
Q4 22	0.5x	12.5x
Q1 23	0.6x	14.6x
Q2 23	0.6x	14.7x
Q3 23	0.6x	16.8x
Q4 23	0.7x	19.4x
Q1 24	0.9x	21.5x
Q2 24	1.2x	25.8x
Q3 24	1.5x	31.6x
Q4 24	1.6x	33.0x
Q1 25	1.9x	33.5x
Q2 25	1.9x	33.2x
Q3 25	1.2x	20.9x
Q4 25	0.9x	15.0x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$153M	$126M
Q2 22	$56M	$30M
Q3 22	$98M	$70M
Q4 22	$65M	$21M
Q1 23	$180M	$133M
Q2 23	$115M	$63M
Q3 23	$114M	$48M
Q4 23	$56M	-$4M
Q1 24	$220M	$168M
Q2 24	$92M	$34M
Q3 24	$209M	$156M
Q4 24	$125M	$56M
Q1 25	$299M	$240M
Q2 25	$111M	$50M
Q3 25	$167M	$111M
Q4 25	$137M	$65M

Capital Expenditures

Quarter	CapEx
Q1 22	$27M
Q2 22	$26M
Q3 22	$28M
Q4 22	$43M
Q1 23	$47M
Q2 23	$52M
Q3 23	$66M
Q4 23	$60M
Q1 24	$51M
Q2 24	$58M
Q3 24	$53M
Q4 24	$69M
Q1 25	$59M
Q2 25	$61M
Q3 25	$56M
Q4 25	$72M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+4.2%	+4.1%
Q2 22	+4.8%	+4.9%
Q3 22	+5.4%	+5.4%
Q4 22	+5.6%	+5.1%
Q1 23	+5.6%	+7.2%
Q2 23	+6.1%	+6.1%
Q3 23	+7.7%	+8.3%
Q4 23	+7.7%	+7.6%
Q1 24	+8.7%	+6.4%
Q2 24	+11.9%	+10.3%
Q3 24	+13.6%	+12.2%
Q4 24	+17.5%	+16.0%
Q1 25	+18.7%	+15.8%
Q2 25	+17.3%	+15.6%
Q3 25	+13.1%	+12.1%
Q4 25	+7.6%	+7.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$4M	0.3%
Q2 22	$3M	0.2%
Q3 22	$4M	0.2%
Q4 22	$5M	0.3%
Q1 23	$4M	0.2%
Q2 23	$6M	0.3%
Q3 23	$5M	0.3%
Q4 23	$4M	0.2%
Q1 24	$6M	0.3%
Q2 24	$7M	0.4%
Q3 24	$7M	0.3%
Q4 24	$8M	0.4%
Q1 25	$7M	0.3%
Q2 25	$8M	0.3%
Q3 25	$8M	0.3%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q1 22	—	—	$460M
Q2 22	—	—	$462M
Q3 22	—	—	$461M
Q4 22	$436M	$49M	—
Q1 23	—	—	$486M
Q2 23	—	—	$498M
Q3 23	—	—	$503M
Q4 23	$486M	$46M	—
Q1 24	—	—	$540M
Q2 24	—	—	$556M
Q3 24	—	—	$580M
Q4 24	$588M	$47M	—
Q1 25	—	—	$623M
Q2 25	—	—	$645M
Q3 25	—	—	$653M
Q4 25	—	—	$653M

Revenue Segments

Quarter	Non Perishables	Perishables
Q1 22	$689M	$952M
Q2 22	$659M	$936M
Q3 22	$662M	$929M
Q1 23	$734M	$1000M
Q2 23	$721M	$971M
Q3 23	$728M	$986M
Q4 23	$739M	$959M
Q1 24	$814M	$1.1B
Q2 24	$803M	$1.1B
Q3 24	$817M	$1.1B
Q1 25	$967M	$1.3B
Q2 25	$949M	$1.3B
Q3 25	$934M	$1.3B
Q4 25	$935M	$1.2B

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$324M	$0	$324M
Q2 22	$289M	$0	$289M
Q3 22	$316M	$0	$316M
Q4 22	$293M	$0	$293M
Q1 23	$295M	$0	$295M
Q2 23	$259M	$0	$259M
Q3 23	$252M	$0	$252M
Q4 23	$202M	$0	$202M
Q1 24	$312M	$0	$312M
Q2 24	$177M	$0	$177M
Q3 24	$310M	$0	$310M
Q4 24	$265M	$0	$265M
Q1 25	$286M	$0	$286M
Q2 25	$261M	$0	$261M
Q3 25	$322M	$0	$322M
Q4 25	$257M	$0	$257M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	112M	-0.8%	-5.7%
Q2 22	110M	-2.0%	-7.0%
Q3 22	108M	-1.4%	-5.9%
Q4 22	107M	-1.2%	-5.3%
Q1 23	105M	-1.8%	-6.2%
Q2 23	104M	-1.3%	-5.6%
Q3 23	103M	-0.8%	-5.0%
Q4 23	102M	-0.5%	-4.3%
Q1 24	102M	-0.2%	-2.7%
Q2 24	101M	-0.8%	-2.2%
Q3 24	101M	-0.2%	-1.6%
Q4 24	101M	+0.4%	-0.8%
Q1 25	100M	-1.6%	-2.3%
Q2 25	99M	-0.9%	-2.4%
Q3 25	99M	-0.1%	-2.3%
Q4 25	98M	-1.2%	-3.8%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$52.9K	31K
Q2 22	$51.5K	31K
Q3 22	$51.3K	31K
Q4 22	$50.9K	31K
Q1 23	$55.9K	31K
Q2 23	$54.6K	31K
Q3 23	$55.3K	31K
Q4 23	$53.1K	32K
Q1 24	$58.9K	32K
Q2 24	$59.2K	32K
Q3 24	$60.8K	32K
Q4 24	$57.0K	35K
Q1 25	$63.9K	35K
Q2 25	$63.4K	35K
Q3 25	$62.9K	35K
Q4 25	$358.1K	6K

Revenue / Employee