Sprouts Farmers Market, Inc. SFM
Sprouts Farmers Market offers a unique specialty grocery experience featuring an open layout with fresh produce at the heart of the store. Sprouts inspires wellness naturally with a carefully curated assortment of better-for-you products paired with purpose-driven people. We continue to bring the latest in wholesome, innovative products made with lifestyle-friendly ingredients such as organic, plant-based and gluten-free. From our founding in 2002, we have grown rapidly, significantly increasing our sales, store count and profitability. Headquartered in Phoenix with 477 stores in 24 states as of December 28, 2025, we are one of the largest and fastest growing specialty retailers of fresh, natural and organic food in the United States.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.81B | $7.72B | $6.84B | $6.40B | $6.10B | $6.47B | $5.63B | $5.21B | $4.66B | $4.05B |
| Cost of revenue | $5.39B | $4.78B | $4.32B | $4.06B | $3.89B | $4.09B | $3.74B | $3.46B | $3.10B | $2.68B |
| Gross profit | $3.42B | $2.94B | $2.52B | $2.35B | $2.21B | $2.38B | $1.89B | $1.75B | $1.57B | $1.36B |
| SG&A | $2.57B | $2.29B | $2.00B | $1.86B | $1.75B | $1.86B | $1.55B | $1.40B | $1.25B | $1.07B |
| Operating income | $686.2M | $504.5M | $350.2M | $358.4M | $334.1M | $391.7M | $217.4M | $222.9M | $226.1M | $212.9M |
| Interest expense | — | — | $6.5M | $9.0M | $11.7M | $14.8M | $21.2M | $27.4M | $21.2M | $14.8M |
| Pre-tax income | $688.8M | $506.7M | $343.7M | $349.3M | $322.4M | $376.9M | $196.2M | $195.8M | $205.5M | $198.6M |
| Income tax | $165.1M | $126.1M | $84.9M | $88.1M | $78.2M | $89.4M | $46.5M | $37.3M | $47.1M | $74.3M |
| Net income | $523.7M | $380.6M | $258.9M | $261.2M | $244.2M | $287.4M | $149.6M | $158.5M | $158.4M | $124.3M |
| EPS, basic | 5.36 | 3.79 | 2.53 | 2.41 | 2.12 | 2.44 | 1.25 | 1.23 | 1.17 | 0.84 |
| EPS, diluted | 5.31 | 3.75 | 2.50 | 2.39 | 2.10 | 2.43 | 1.25 | 1.22 | 1.15 | 0.83 |
| Shares, diluted (wtd. avg.) | 98.7M | 101.4M | 103.4M | 109.1M | 116.1M | 118.2M | 119.7M | 129.8M | 137.9M | 149.7M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $257.3M | $265.2M | $201.8M | $293.2M | $245.3M | $169.7M | $85.3M | $1.6M | $19.5M | $12.5M |
| Receivables | $65.2M | $30.9M | $30.3M | $16.1M | $21.6M | $14.8M | $15.7M | $40.6M | $25.9M | $25.2M |
| Inventory | $427.1M | $343.3M | $323.2M | $310.5M | $265.4M | $254.2M | $276.0M | $264.4M | $229.5M | $204.5M |
| Total current assets | $809.9M | $675.5M | $603.8M | $673.8M | $567.7M | $466.0M | $387.8M | $333.8M | $299.5M | $264.0M |
| Property, plant and equipment | — | — | $798.7M | $722.2M | $716.0M | $726.5M | $741.5M | $766.4M | $713.0M | $604.7M |
| Goodwill | $381.8M | $381.8M | $381.7M | $368.9M | $368.9M | $368.9M | $368.1M | $368.1M | $368.1M | $368.1M |
| Other intangibles | $208.2M | $208.1M | $208.1M | $185.0M | $185.0M | $185.0M | $185.4M | $194.8M | $196.2M | $197.6M |
| Total assets | $4.16B | $3.64B | $3.33B | $3.07B | $2.92B | $2.81B | $2.72B | $1.68B | $1.58B | $1.44B |
| Accounts payable | $291.0M | $213.4M | $179.9M | $172.9M | $145.9M | $139.3M | $122.8M | $254.0M | — | $157.6M |
| Total current liabilities | $870.8M | $680.0M | $546.9M | $522.4M | $513.5M | $496.1M | $416.8M | $310.0M | $299.7M | $259.2M |
| Long-term debt | — | — | $125.0M | $250.0M | $250.0M | — | — | $453.0M | $348.0M | $255.0M |
| Total liabilities | $2.76B | $2.32B | $2.18B | $2.02B | $1.96B | $1.93B | $2.14B | $1.09B | $930.9M | $767.0M |
| Retained earnings | $561.1M | $513.7M | $373.6M | $320.0M | $258.8M | $203.0M | -$84.4M | -$69.2M | $30.6M | $75.5M |
| Total equity | $1.40B | $1.32B | $1.15B | $1.05B | $959.9M | $881.3M | $582.0M | $589.2M | $650.7M | $672.9M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $716.0M | $645.2M | $465.1M | $371.3M | $364.8M | $494.0M | $355.2M | $294.4M | $309.6M | $254.4M |
| Depreciation and amortisation | $157.7M | $140.2M | $137.8M | $127.1M | $125.5M | $126.5M | $122.8M | $110.7M | $97.0M | $80.7M |
| Stock-based compensation | $31.1M | $28.4M | $18.9M | $16.6M | $15.9M | $14.3M | $8.9M | $14.5M | $14.2M | $13.4M |
| Capital expenditure | $248.3M | $230.4M | $225.3M | $124.0M | $102.4M | $122.0M | $183.2M | $177.1M | $198.6M | $181.0M |
| Investing cash flow | -$248.3M | -$230.4M | -$238.3M | -$124.0M | -$102.4M | -$122.0M | -$183.2M | -$177.1M | -$198.6M | -$180.8M |
| Financing cash flow | -$474.1M | -$351.5M | -$318.0M | -$199.1M | -$186.9M | -$287.4M | -$87.4M | -$134.5M | -$104.0M | -$197.2M |
| Buybacks | $471.9M | $228.5M | $203.5M | $200.0M | $188.3M | $0 | $176.3M | $258.3M | $203.4M | $294.3M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001575515-26-000013.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.05B | $4.66B | $5.21B | $5.63B | $6.47B | $6.10B | $6.40B | $6.84B | $7.72B | $8.81B |
| Gross profit | $1.36B | $1.57B | $1.75B | $1.89B | $2.38B | $2.21B | $2.35B | $2.52B | $2.94B | $3.42B |
| Net income | $124.3M | $158.4M | $158.5M | $149.6M | $287.4M | $244.2M | $261.2M | $258.9M | $380.6M | $523.7M |
Recent filings and events
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Officer or director change Item 5.02
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Officer or director change Item 5.02
- Regulation FD disclosure Item 7.01
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 5411
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|---|---|---|---|---|
| KR | KROGER CO | $40.91B | 43.4x | 0.4% |
| ACI | Albertsons Companies, Inc. | $6.78B | 34.9x | 3.5% |
| WMK | WEIS MARKETS INC | $1.95B | 21.6x | 3.5% |
| GO | Grocery Outlet Holding Corp. | $1.32B | — | 7.3% |
| NGVC | Natural Grocers by Vitamin Cottage, Inc. | $725.0M | 15.7x | 7.2% |
| HCWC | HEALTHY CHOICE WELLNESS CORP. | $367.7M | — | 12.7% |
| MSS | Maison Solutions Inc. | $31.0M | 17.5x | 114.0% |
| IMKTA | INGLES MARKETS INC | — | — | -5.4% |