Grocery Outlet vs Sprouts Farmers Market
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The short version
- Sprouts Farmers Market is the larger business, with $8.8B of revenue in fiscal 2025 against $4.7B for Grocery Outlet, about 1.9 times as much.
- Sprouts Farmers Market grew revenue faster (14.1%, against 7.3%).
- Sprouts Farmers Market kept more of each dollar of sales as operating profit (7.8% operating margin, against −4.7%).
- Sprouts Farmers Market turned more of its sales into free cash flow (5.3% FCF margin, against 0.5%).
- Sprouts Farmers Market earned a higher return on the capital invested in it (46.9%, against −11.6%).
| Latest fiscal year | GO · FY25 | SFM · FY25 |
|---|---|---|
| Size | ||
| Market cap | $1.3B | $6.3B |
| Revenue | $4.7B | $8.8B |
| Free cash flow | $23.8M | $468M |
| Net income | −$225M | $524M |
| Growth | ||
| Revenue growth | 7.3% | 14.1% |
| 5-year growth | 8.4% | 6.4% |
| Share count change | −1.6% | −2.6% |
| Profitability | ||
| Gross margin | 30.3% | 38.8% |
| Operating margin | −4.7% | 7.8% |
| Net margin | −4.8% | 6.0% |
| FCF margin | 0.5% | 5.3% |
| Return on capital | −11.6% | 46.9% |
| Return on equity | −20.6% | 38.4% |
| Balance sheet | ||
| Net debt | $426M | −$244M |
| Net debt / EBITDA | — | −0.3x |
| Dividends and buybacks | $0.0M | $472M |
| Valuation & quality | ||
| P/E | — | 12.7x |
| Piotroski F-score | 5 | 7 |
Revenue
FY16
GO —
SFM $4.0B
FY17
GO $2.1B
SFM $4.7B
FY18
GO $2.3B
SFM $5.2B
FY19
GO $2.6B
SFM $5.6B
FY20
GO $3.1B
SFM $6.5B
FY21
GO $3.1B
SFM $6.1B
FY22
GO $3.6B
SFM $6.4B
FY23
GO $4.0B
SFM $6.8B
FY24
GO $4.4B
SFM $7.7B
FY25
GO $4.7B
SFM $8.8B
GO
SFM
Operating margin
FY16
GO —
SFM 5.3%
FY17
GO 3.7%
SFM 4.9%
FY18
GO 3.6%
SFM 4.3%
FY19
GO 2.7%
SFM 3.9%
FY20
GO 3.4%
SFM 6.1%
FY21
GO 2.9%
SFM 5.5%
FY22
GO 2.7%
SFM 5.6%
FY23
GO 3.2%
SFM 5.1%
FY24
GO 1.8%
SFM 6.5%
FY25
GO −4.7%
SFM 7.8%
GO
SFM
Free cash flow
FY16
GO —
SFM $73.3M
FY17
GO $13.6M
SFM $111M
FY18
GO $41.1M
SFM $117M
FY19
GO $35.6M
SFM $172M
FY20
GO $56.3M
SFM $372M
FY21
GO $42.2M
SFM $262M
FY22
GO $55.0M
SFM $247M
FY23
GO $134M
SFM $240M
FY24
GO −$74.7M
SFM $415M
FY25
GO $23.8M
SFM $468M
GO
SFM
Return on capital
FY16
GO —
SFM 15.1%
FY17
GO —
SFM 18.4%
FY18
GO —
SFM 17.9%
FY19
GO 5.4%
SFM —
FY20
GO 8.7%
SFM —
FY21
GO 5.5%
SFM —
FY22
GO 6.0%
SFM 27.0%
FY23
GO 6.9%
SFM 25.2%
FY24
GO 3.7%
SFM 35.3%
FY25
GO −11.6%
SFM 46.9%
GO
SFM
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.