SPWH

Company Overview — What Does SPORTSMAN'S WAREHOUSE HOLDINGS, INC. Do?

Sportsman's Warehouse Holdings, Inc., together with its subsidiaries, operates as an outdoor sporting goods retailer in the United States. It offers camping products, such as backpacks, camp essentials, canoes and kayaks, coolers, outdoor cooking equipment, sleeping bags, tents, and tools; and apparel products, including camouflage, jackets, hats, outerwear, sportswear, technical gear, and work wear. The company also provides fishing products comprising bait, electronics, fishing rods, flotation items, fly fishing products, lines, lures, reels, tackles, and small boats; and foot wear products consisting of hiking and work boots, socks, sport sandals, technical footwear, trial and casual shoes, and waders. In addition, it offers hunting and shooting products, such as ammunition, archery items, ATV accessories, blinds and tree stands, decoys, firearms, firearms safety and storage products, reloading equipment, and shooting gear products; and optics, electronics, and accessories, including gift items, GPS devices, knives, lighting, optics, and two-way radios. Further, the company's stores provide archery technician services, fishing-reel line winding, bore sighting and scope mounting, and cleaning services, as well as issues hunting and fishing licenses. Additionally, it offers various private label and special make-up offerings under the Rustic Ridge, Killik, Vital Impact, Yukon Gold, Lost Creek, and Sportsman's Warehouse brands. As of May 26, 2022, the company operated through 126 stores. Sportsman's Warehouse Holdings, Inc. was founded in 1986 and is headquartered in West Jordan, Utah. SPORTSMAN'S WAREHOUSE HOLDINGS, INC. (SPWH) is classified as a micro-cap stock in the Consumer Discretionary sector, specifically within the Retail industry. The company is led by CEO Jonathan Barker and employs approximately 7,700 people, headquartered in Midvale, Utah. With a market capitalization of $51M, SPWH is one of the notable companies in the Consumer Discretionary sector.

SPORTSMAN'S WAREHOUSE HOLDINGS, INC. (SPWH) Stock Rating — Reduce (April 2026)

As of April 2026, SPORTSMAN'S WAREHOUSE HOLDINGS, INC. receives a Reduce rating with a composite score of 32.6/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.SPWH ranks #3,198 out of 4,446 stocks in our coverage universe. Within the Consumer Discretionary sector, SPORTSMAN'S WAREHOUSE HOLDINGS, INC. ranks #333 of 442 stocks, placing it in the lower half of its Consumer Discretionary peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

SPWH Stock Price and 52-Week Range

SPORTSMAN'S WAREHOUSE HOLDINGS, INC. (SPWH) currently trades at $1.48. The stock gained $0.10 (7.2%) in the most recent trading session. The 52-week high for SPWH is $4.33, which means the stock is currently trading -65.8% from its annual peak. The 52-week low is $0.92, putting the stock 60.9% above its annual trough. Recent trading volume was 1.2M shares, reflecting moderate market activity.

Is SPWH Overvalued or Undervalued? — Valuation Analysis

SPORTSMAN'S WAREHOUSE HOLDINGS, INC. (SPWH) carries a value factor score of 24/100 in the Blank Capital model, signaling premium valuation that prices in significant future growth. The price-to-book ratio stands at 0.29x, versus the sector average of 1.99x. The price-to-sales ratio is 0.05x, compared to 0.27x for the average Consumer Discretionary stock. On an enterprise value basis, SPWH trades at 14.32x EV/EBITDA, versus 4.91x for the sector.

At current multiples, SPORTSMAN'S WAREHOUSE HOLDINGS, INC. trades at a premium to most Consumer Discretionary peers. This elevated valuation may be justified if the company can sustain above-average growth rates and profitability, but it also creates downside risk if earnings disappoint expectations.

SPORTSMAN'S WAREHOUSE HOLDINGS, INC. Profitability — ROE, Margins, and Quality Score

SPORTSMAN'S WAREHOUSE HOLDINGS, INC. (SPWH) earns a quality factor score of 48/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is -18.0%, compared to the Consumer Discretionary sector average of 6.2%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at -4.4% versus the sector average of 2.5%.

On a margin basis, SPORTSMAN'S WAREHOUSE HOLDINGS, INC. reports gross margins of 31.3%, compared to 36.9% for the sector. The operating margin is -2.4% (sector: 3.8%). Net profit margin stands at -3.2%, versus 2.1% for the average Consumer Discretionary stock. Revenue growth is running at 20.3% on a trailing basis, compared to 3.3% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

SPWH Debt, Balance Sheet, and Financial Health

SPORTSMAN'S WAREHOUSE HOLDINGS, INC. has a debt-to-equity ratio of 23.0%, compared to the Consumer Discretionary sector average of 89.0%. The low leverage indicates a conservative balance sheet with significant financial flexibility. The current ratio is 1.36x, suggesting adequate working capital coverage. Total debt on the balance sheet is $44M. Cash and equivalents stand at $2M.

SPWH has a beta of 1.71, meaning it is more volatile than the broader market — a $10,000 investment in SPWH would be expected to move 71.2% more than the S&P 500 on any given day. The stability factor score for SPORTSMAN'S WAREHOUSE HOLDINGS, INC. is 18/100, suggesting elevated price swings that may be unsuitable for conservative portfolios.

SPORTSMAN'S WAREHOUSE HOLDINGS, INC. Revenue and Earnings History — Quarterly Trend

In TTM 2026, SPORTSMAN'S WAREHOUSE HOLDINGS, INC. reported revenue of $1.16B and earnings per share (EPS) of $-1.30. Net income for the quarter was $-34M. Gross margin was 31.3%. Operating income came in at $-24M.

In FY 2026, SPORTSMAN'S WAREHOUSE HOLDINGS, INC. reported revenue of $1.21B and earnings per share (EPS) of $-1.30. Net income for the quarter was $-50M. Gross margin was 30.9%. Revenue grew 1.0% year-over-year compared to FY 2025. Operating income came in at $-37M.

In Q2 2026, SPORTSMAN'S WAREHOUSE HOLDINGS, INC. reported revenue of $294M and earnings per share (EPS) of $-0.18. Net income for the quarter was $-7M. Gross margin was 32.0%. Revenue grew 1.8% year-over-year compared to Q2 2025. Operating income came in at $-3M.

In Q1 2026, SPORTSMAN'S WAREHOUSE HOLDINGS, INC. reported revenue of $249M and earnings per share (EPS) of $-0.56. Net income for the quarter was $-21M. Gross margin was 30.4%. Revenue grew 2.0% year-over-year compared to Q1 2025. Operating income came in at $-20M.

Over the past 8 quarters, SPORTSMAN'S WAREHOUSE HOLDINGS, INC. has demonstrated a growth trajectory, with revenue expanding from $244M to $1.16B. Investors analyzing SPWH stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

SPWH Dividend Yield and Income Analysis

SPORTSMAN'S WAREHOUSE HOLDINGS, INC. (SPWH) does not currently pay a dividend. This is common among smaller companies in the Retail industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Consumer Discretionary dividend stocks may want to explore other Consumer Discretionary stocks or use the stock screener to filter by dividend yield.

SPWH Momentum and Technical Analysis Profile

SPORTSMAN'S WAREHOUSE HOLDINGS, INC. (SPWH) has a momentum factor score of 23/100, signaling weak relative price performance. Stocks with low momentum scores have historically tended to continue underperforming in the near term. The investment factor score is 26/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 44/100 reflects moderate short selling activity.

SPWH vs Competitors — Consumer Discretionary Sector Ranking and Peer Comparison

Within the Consumer Discretionary sector, SPORTSMAN'S WAREHOUSE HOLDINGS, INC. (SPWH) ranks #333 out of 442 stocks based on the Blank Capital composite score. This places SPWH in the lower half of all Consumer Discretionary stocks in our coverage universe. Key competitors and sector peers include MONARCH CASINO & RESORT INC (MCRI) with a score of 50.5/100, CASEYS GENERAL STORES INC (CASY) with a score of 57.3/100, INGLES MARKETS INC (IMKTA) with a score of 51.0/100, FIVE BELOW, INC (FIVE) with a score of 51.6/100, and TARGET CORP (TGT) with a score of 52.6/100.

Comparing SPWH against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full SPWH vs S&P 500 (SPY) comparison to assess how SPORTSMAN'S WAREHOUSE HOLDINGS, INC. stacks up against the broader market across all factor dimensions.

SPWH Next Earnings Date

No upcoming earnings date has been announced for SPORTSMAN'S WAREHOUSE HOLDINGS, INC. (SPWH) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy SPWH? — Investment Thesis Summary

The quantitative profile for SPORTSMAN'S WAREHOUSE HOLDINGS, INC. suggests caution. The value score of 24/100 indicates premium valuation. Momentum is weak at 23/100, a headwind for near-term performance. High volatility (stability score 18/100) increases portfolio risk.

In summary, SPORTSMAN'S WAREHOUSE HOLDINGS, INC. (SPWH) earns a Reduce rating with a composite score of 32.6/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on SPWH stock.

Related Resources for SPWH Investors

Explore more research and tools: SPWH vs S&P 500 comparison, top Consumer Discretionary stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare SPWH head-to-head with peers: SPWH vs MCRI, SPWH vs CASY, SPWH vs IMKTA.