A Business at a Glance
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Sweetgreen, Inc.
SG
$706M
Mkt Cap
$6.00
-0.66%
Sweetgreen, Inc. (SG) has a 5-year average return on invested capital (ROIC) of -38.4%. This is below average and may indicate limited pricing power.
Sweetgreen, Inc. (SG) has a market capitalization of $721M. It is classified as a small-cap stock.
Sweetgreen, Inc. (SG) does not currently pay a regular dividend.
Sweetgreen, Inc. (SG) operates in the Retail-Eating Places industry, within the Consumer Cyclical sector.
Sweetgreen, Inc. (SG) reported annual revenue of $679 million in its most recent fiscal year, based on SEC EDGAR filings.
Sweetgreen, Inc. (SG) has a net profit margin of -19.7%. The company is currently unprofitable.
Sweetgreen, Inc. (SG) generated $-119 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Sweetgreen, Inc., a Delaware corporation (together with its subsidiaries, “Sweetgreen,” “we,”, “us,” or the “Company”) is a mission-driven, next generation restaurant and lifestyle brand that serves healthy food at scale. Our bold vision is to be as ubiquitous as traditional fast food, but with the transparency and quality that consumers increasingly expect. As of December 28, 2025, we owned and operated 281 restaurants in 24 states and Washington, D.C. Our Menu Offerings We have designed our menu to be delicious, customizable, and convenient to empower our customers to make healthier choices for both lunch and dinner. We are constantly seeking ways to enhance our menu, all while honoring our food ethos. Core Menu Our core menu consists of a curated set of signature items offered year-round across all locations, designed to deliver consistent quality and reflect our food philosophy, supported by a disciplined and scalable supply chain.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 0 | 679M | 677M | 584M | 470M | 340M |
| Net Income | 0 | -134M | -90M | -113M | -190M | -153M |
| EPS | $0.00 | $-1.14 | $-0.79 | $-1.01 | $-1.73 | $-5.51 |
| Free Cash Flow | 0 | -119M | -41M | -63M | -140M | -149M |
| ROIC | 0.0% | -33.4% | -19.5% | -22.1% | -31.9% | -84.9% |
| Gross Margin | - | 15.2% | 19.6% | 17.5% | 14.7% | 11.9% |
| Debt/Equity | 0.00 | 1.21 | 0.92 | 0.77 | 0.00 | 0.17 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 0 | -139M | -96M | -122M | -193M | -134M |
| Operating Margin | 0.0% | -20.5% | -14.1% | -20.9% | -41.1% | -39.5% |
| ROE | 0.0% | -33.4% | -19.5% | -22.1% | -31.9% | -88.6% |
| Shares Outstanding | 120M | 118M | 114M | 112M | 110M | 28M |
| Metric | |||||||
|---|---|---|---|---|---|---|---|
| Income Statement | |||||||
| Revenue | 221M | 340M | 470M | 584M | 677M | 679M | 0 |
| Gross Margin | -3.9% | 11.9% | 14.7% | 17.5% | 19.6% | 15.2% | N/A |
| R&D | N/A | N/A | 2.0M | 1.2M | 1.2M | 1.0M | 1.0M |
| SG&A | 99M | 125M | 187M | 147M | 150M | 143M | 143M |
| EBIT | -142M | -134M | -193M | -122M | -96M | -139M | 0 |
| Op. Margin | -64.2% | -39.5% | -41.1% | -20.9% | -14.1% | -20.5% | 0.0% |
| Net Income | -141M | -153M | -190M | -113M | -90M | -134M | 0 |
| Net Margin | -64.0% | -45.1% | -40.5% | -19.4% | -13.4% | -19.7% | 0.0% |
| Non-Recurring | 565K | 4.8M | 17M | 7.4M | 4.2M | 14M | 14M |
| Returns on Capital | |||||||
| ROIC | N/A | -84.9% | -31.9% | -22.1% | -19.5% | -33.4% | 0.0% |
| ROE | 58.8% | -88.6% | -31.9% | -22.1% | -19.5% | -33.4% | 0.0% |
| ROA | N/A | -20.1% | -22.8% | -12.8% | -10.5% | -16.3% | 0.0% |
| Cash Flow | |||||||
| Op. Cash Flow | -90M | -65M | -43M | 26M | 43M | -13M | 0 |
| Free Cash Flow | -138M | -149M | -140M | -63M | -41M | -119M | 0 |
| Owner Earnings | -122M | -129M | -168M | -83M | -63M | -121M | -108M |
| CapEx | 48M | 85M | 97M | 90M | 84M | 106M | 0 |
| Maint. CapEx | 27M | 36M | 46M | 59M | 67M | 72M | 72M |
| Growth CapEx | 21M | 49M | 50M | 30M | 17M | 35M | 0 |
| D&A | 27M | 36M | 46M | 59M | 67M | 72M | 72M |
| CapEx/OCF | N/A | N/A | N/A | 338.6% | 194.6% | N/A | 0.0% |
| Capital Allocation | |||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 4.9M | 29M | 79M | 50M | 39M | 36M | 36M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||
| Net Debt | -88M | N/A | -332M | N/A | N/A | N/A | -157M |
| Cash & Equiv. | 103M | 472M | 332M | 257M | 215M | 89M | 157M |
| Long-Term Debt | 15M | N/A | 0 | N/A | N/A | N/A | N/A |
| Debt/Equity | -0.05 | 0.17 | 0.00 | 0.77 | 0.92 | 1.21 | 0.00 |
| Interest Coverage | -350.5 | -1544.8 | -2329.4 | -955.8 | -373.8 | -7332.5 | -7332.5 |
| Equity | -307M | 653M | 541M | 483M | 446M | 356M | 489M |
| Total Assets | 0 | 763M | 909M | 857M | 857M | 788M | 913M |
| Total Liabilities | 8.5M | 110M | 368M | 374M | 411M | 432M | 424M |
| Intangibles | N/A | 33M | 31M | 27M | 24M | 10M | 10M |
| Retained Earnings | N/A | -481M | -672M | -785M | -875M | -1.0B | -884M |
| Working Capital | N/A | 459M | 274M | 185M | 119M | 11M | 66M |
| Current Assets | N/A | 507M | 346M | 276M | 235M | 130M | 175M |
| Current Liabilities | N/A | 48M | 73M | 92M | 116M | 119M | 109M |
| Per Share Data | |||||||
| EPS | -8.80 | -5.51 | -1.73 | -1.01 | -0.79 | -1.14 | 0.00 |
| Owner EPS | -7.61 | -4.64 | -1.53 | -0.74 | -0.55 | -1.03 | -0.90 |
| Book Value | -19.15 | 23.49 | 4.92 | 4.30 | 3.90 | 3.03 | 4.07 |
| Cash Flow/Share | -5.63 | -2.32 | -0.39 | 0.24 | 0.38 | -0.11 | 0.60 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 16.0M | 27.8M | 110.1M | 112.3M | 114.4M | 117.6M | 120.2M |
| Valuation | |||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | 5.3 | 1.6 | 2.6 | 8.3 | 2.3 | 1.5 |
| Price/Sales | N/A | 11.2 | 4.8 | 2.0 | 4.6 | 2.7 | N/A |
| FCF Yield | N/A | -4.3% | -15.7% | -5.0% | -1.1% | -14.5% | N/A |
| Market Cap | N/A | 3.4B | 893M | 1.3B | 3.7B | 820M | 721M |
| Avg. Price | N/A | 34.08 | 20.66 | 10.61 | 27.45 | 15.49 | 6.00 |
| Year-End Price | N/A | 30.84 | 8.11 | 11.31 | 32.37 | 6.97 | 6.00 |
Sweetgreen, Inc. passes 0 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average gross margin is 15.8%.
Sweetgreen, Inc. (SG) has a debt-to-equity ratio of 1.21. This indicates moderate leverage.
Sweetgreen, Inc. (SG) reported earnings per share (EPS) of $-1.14 in its most recent fiscal year.
Sweetgreen, Inc. (SG) has a return on equity (ROE) of -33.4%. A negative ROE may indicate losses or negative equity.
Sweetgreen, Inc. (SG) has a 5-year average gross margin of 15.8%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 6 years of financial data for Sweetgreen, Inc. (SG), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Sweetgreen, Inc. (SG) has a book value per share of $3.03, based on its most recent annual SEC filing.