SPWH (Sportsman's Warehouse Holdings) EBIT: $-36 Mil (TTM As of Apr. 2026)


SPWH Sportsman's Warehouse Holdings Inc SPWH
51 GF Score
Price $1.24
GF Value $2.64
Valuation Possible Value Trap
! 7 Warning Signs
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What is Sportsman's Warehouse Holdings EBIT?

Sportsman's Warehouse Holdings SPWH -0.40% 51 EBIT is $-36 Mil as of Apr. 2026. GuruFocus rates SPWH with a GF Score™ of 51/100 and a GF Value™ of $2.64 (Possible Value Trap). The stock has 7 warning signs investors should review.

Sportsman's Warehouse Holdings's earnings before interest and taxes (EBIT) for the three months ended in Apr. 2026 was $-18 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Apr. 2026 was $-36 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Sportsman's Warehouse Holdings's annualized ROC % for the quarter that ended in Apr. 2026 was -10.78%. Sportsman's Warehouse Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was -11.56%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Sportsman's Warehouse Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was -6.78%.


Sportsman's Warehouse Holdings  (NAS:SPWH) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Sportsman's Warehouse Holdings's annualized ROC % for the quarter that ended in Apr. 2026 is calculated as:

ROC % (Q: Apr. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jan. 2026 ) + Invested Capital (Q: Apr. 2026 ))/ count )
=-72.416 * ( 1 - 0% )/( (655.556 + 687.418)/ 2 )
=-72.416/671.487
=-10.78 %

where

Note: The Operating Income data used here is four times the quarterly (Apr. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Sportsman's Warehouse Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Apr. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jan. 2026  Q: Apr. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-72.724/( ( (423.134 + max(188.635, 0)) + (425.606 + max(221.339, 0)) )/ 2 )
=-72.724/( ( 611.769 + 646.945 )/ 2 )
=-72.724/629.357
=-11.56 %

where Working Capital is:

Working Capital(Q: Jan. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4.39 + 312.858 + 18.834) - (105.367 + 42.08 + 0)
=188.635

Working Capital(Q: Apr. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1.644 + 387.149 + 19.857) - (148.531 + 38.78 + 0)
=221.339

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Apr. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Sportsman's Warehouse Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Apr. 2026 )
=-35.928/529.607
=-6.78 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Sportsman's Warehouse Holdings EBIT Related Terms


Sportsman's Warehouse Holdings EBIT Historical Data

* Premium members only.

The historical data trend for Sportsman's Warehouse Holdings's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Sportsman's Warehouse Holdings EBIT Chart

Sportsman's Warehouse Holdings Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 145.62 58.06 -25.34 -18.85 -37.44

Sportsman's Warehouse Holdings Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -19.61 -3.22 4.27 -18.80 -18.18

SPWH vs ABLV, LESL, PTLE: EBIT Comparison

For the Specialty Retail subindustry, Sportsman's Warehouse Holdings's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Sportsman's Warehouse Holdings EV-to-EBIT vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Sportsman's Warehouse Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Sportsman's Warehouse Holdings's EV-to-EBIT falls into.


SPWH
51GF Score
Sportsman's Warehouse Holdings Inc SPWH
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Sportsman's Warehouse Holdings EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-36 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $-36 Mil mean?
Sportsman's Warehouse Holdings (SPWH) has a EBIT of $-36 Mil as of Apr. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Sportsman's Warehouse Holdings.
Is Sportsman's Warehouse Holdings' EBIT too high?
Sportsman's Warehouse Holdings' current EBIT is $-36 Mil. Overall, Sportsman's Warehouse Holdings has a GF Score™ of 51/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Sportsman's Warehouse Holdings' EBIT compare to ABLV and LESL?
Sportsman's Warehouse Holdings' EBIT of $-36 Mil can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Retail - Cyclical company?
A good EBIT depends on the Retail - Cyclical industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Sportsman's Warehouse Holdings. Sportsman's Warehouse Holdings's current EBIT is $-36 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sportsman's Warehouse Holdings stock overvalued right now?
Based on GuruFocus' analysis, Sportsman's Warehouse Holdings (SPWH) is currently considered Possible Value Trap. The stock's GF Value™ is $2.64, compared to a current price of $1.24 — trading 53% below its estimated fair value. The current EBIT is $-36 Mil. Sportsman's Warehouse Holdings' overall GF Score™ is 51/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Sportsman's Warehouse Holdings (SPWH), the current EBIT is $-36 Mil as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Sportsman's Warehouse Holdings (SPWH) Overvalued in 2026?

Based on GuruFocus' analysis, Sportsman's Warehouse Holdings stock appears to be undervalued. The current stock price of $1.24 is trading 53% below its estimated GF Value™ of $2.64. GuruFocus considers Sportsman's Warehouse Holdings to be Possible Value Trap.

Key valuation signals for SPWH:

  • EBIT: $-36 Mil
  • GF Value™: $2.64 vs. price of $1.24 (53% below fair value)
  • GF Score™: 51/100 with 7 warning signs

No single metric tells the full story. See the SPWH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sportsman's Warehouse Holdings Business Description

Other Exchanges 0A8T:UK06S:Germany
Address 1475 West 9000 South, Suite A, West Jordan, UT, USA, 84088
Sportsman's Warehouse Holdings Inc together with its subsidiaries operates as an outdoor sporting goods retailer. It provides a one-stop shopping experience that equips customers with the right quality, brand name hunting, shooting, fishing, and camping gear to maximize enjoyment of the outdoors. The company offers products in the categories of Camping, Apparel, Fishing, Footwear, Hunting and shooting, and Optics, Electronics, Accessories, and Other products. It provides products such as Backpacks, Jackets, Camp essentials, Hiking boots, GPS devices, ATV accessories and Fishing rods, among others. The company also offers an e-commerce experience, extensive in-store events and educational programming.
51GF Score

Get the complete analysis for SPWH

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$1.24
Price
$2.64
GF Value