Sonos, Inc. (SONO) Stock

Sonos, Inc. (SONO) is a Consumer Discretionary stock trading at $16.07 (as of 2026-08-20), with a market capitalization of $1.91B and a trailing P/E of 33.6. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Sonos, Inc., together with its subsidiaries, designs, develops, manufactures, and sells multi-room audio products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company provides wireless speakers, home theater speakers, components, and accessories. It offers its products through approximately 10,000 third-party retail stores, including custom installers of home audio systems; and e-commerce retailers, as well as through its Website sonos.com. The company was formerly known as Rincon Audio, Inc. and changed its name to Sonos, Inc. in May 2004. Sonos, Inc. was incorporated in 2002 and is headquartered in Santa Barbara, California.

Understand Sonos, Inc.: how it makes money

Sonos designs and sells multi-room wireless audio products, speakers and home theater systems, plus components and accessories, and earns revenue primarily from product sales through about 10,000 third-party retail stores, e-commerce retailers, and its website (sonos.com).

Sonos' sales opportunity is tied to expanding what each Sonos household buys, not just getting initial speaker sales, reflected in how many products per household (average products per Sonos household is 3.13) and the ecosystem size metrics (Active Households and Connected Devices).

Business quality (Weak): We can see the latest quarter revenue level and margins, and several ecosystem operating metrics, but the provided segment revenue figures do not reconcile cleanly to total revenue, so a reliable reportable segment breakdown is not available from the supplied facts.

Valuation: At 80× earnings, SONO trades 111% above the Recreation average (38×). Note: one-time items can distort reported P/E.

Bull case

  • Ecosystem scale suggests a large installed base to support repeat purchases: Sonos reports 16.3 million Active Households and 17.1 million Installed Base, plus 53 million Connected Devices.
  • Product attach potential is measurable via household multi-product behavior: Sonos reports an average of 3.13 products per Sonos household and a 40% share of single-product households, which implies many households already have more than one product.

Bear case

  • The company is not currently translating revenue into operating profit: Latest quarter operating margin is -11.2%, even with gross margin of 44.3%.
  • Revenue can be pressured by currency moves: The provided data includes a Foreign Exchange Headwind to Revenue of 0.04B.
Valuation — source: SEC EDGAR (first-party)
Price$16.07
Market Cap$1.91B
P/E Ratio33.6
EV / EBITDA14.6
Price / Book4.74
Price / Sales1.28
FCF Yield6.5%
DCF Value (model)$3.38
DCF Upside vs Price-79.0%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$1.44B
Net Margin-4.2%
Revenue Growth (YoY)8.8%
EPS Growth (YoY)-933.3%
FCF Growth (YoY)23.3%
Financial Health — source: SEC EDGAR
Altman Z-Score4.06 (safe)
Valuation vs Sector & Industry
Stock P/E33.6
Sector P/E (Consumer Discretionary)20.5
Industry P/E (Recreation)23.7
vs Sector64.2%
vs Industry41.9%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($244.70M)
Institutional Holders Tracked10
Congressional Trades (recent)1
Company
SectorConsumer Discretionary
IndustryRecreation
CEOThomas Conrad
Employees1,708
CountryUS
IPO Date2018-08-02

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SONO earnings history · SONO institutional & insider holders · SONO KPIs & operating metrics · SONO financials · SONO investor presentations & press releases · SONO SEC filings · SONO peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.