Sportsman's Warehouse Holdings, Inc. (SPWH) Stock

Sportsman's Warehouse Holdings, Inc. (SPWH) is a Consumer Discretionary stock trading at $1.17 (as of 2026-08-20), with a market capitalization of $45.21M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Sportsman’s Warehouse Holdings, Inc. and its subsidiaries operate as an outdoor sporting goods retailer in the United States, selling categories including camping and outdoor cooking gear, fishing and hunting/shooting equipment, footwear, and optics and related electronics/accessories.

Understand Sportsman's Warehouse Holdings, Inc.: how it makes money

Sportsman's Warehouse operates an outdoor sporting goods retail business in the United States, selling camping, apparel, fishing, and footwear products, and it makes money primarily by selling merchandise to customers through its retail and e-commerce channels.

The profit engine is merchandise sales, where inventory levels and the mix of e-commerce versus store fulfillment, along with loyalty participation, drive how effectively the company converts product into revenue.

Revenue by segment (latest quarter)
Net Sales$0.3B

Business quality (Weak): Key operating indicators are provided (inventory and loyalty, plus e-commerce mix), but there is no detailed segment breakdown beyond Net Sales, and profitability is currently negative at the operating level.

Bull case

  • Strong customer loyalty signals: The company reports 3,800,000 Loyalty Members, and Loyalty Customer Sales Penetration of 50.0%.
  • Meaningful e-commerce contribution with store and partner support: E-Commerce Driven Sales Mix is 19.0%, and Online Sales Serviced Through Stores and Dropship Partners is 70%.

Bear case

  • Operating profitability is negative: Gross margin is 29.6%, but operating margin is -7.1%, indicating costs are outpacing gross profit.
  • Inventory is a central moving part: Ending Inventory is reported at 0.41 USD_B, and inventory management is an important factor for retailers converting stock into sales.
Valuation — source: SEC EDGAR (first-party)
Price$1.17
Market Cap$45.21M
EV / EBITDA43.3
Price / Book0.27
Price / Sales0.04
FCF Yield29.5%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$1.21B
Net Margin-4.1%
Revenue Growth (YoY)2.8%
EPS Growth (YoY)0.0%
FCF Growth (YoY)-6.9%
Financial Health — source: SEC EDGAR
Altman Z-Score1.79 (distress)
Valuation vs Sector & Industry
Sector P/E (Consumer Discretionary)20.5
Industry P/E (Retail)19.5
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderFMR LLC ($8.14M)
Institutional Holders Tracked10
Company
SectorConsumer Discretionary
IndustryRetail
CEOPaul E. Stone
Employees2,050
CountryUS
IPO Date2014-04-17

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SPWH earnings history · SPWH institutional & insider holders · SPWH KPIs & operating metrics · SPWH financials · SPWH investor presentations & press releases · SPWH SEC filings · SPWH 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.