greeksoup/ stock research
Stock research / United States / SG · Retail-Eating Places · NYSE

Sweetgreen, Inc. (SG)

Compare with another name

Sweetgreen, Inc. (SG) reported revenue of $193 million for Q2 FY2026, the quarter ended 28 June 2026, up 3.8% on the same quarter a year earlier. Net income was -$26 million, and diluted earnings per share $-0.22. The figures are the company's own, from the 10-Q it filed with the SEC on 7 August 2026.

Revenue$193 millionup 3.8%
Net income-$26 million
Diluted EPS$-0.22
QuarterQ2 FY2026ended 28 June 2026

Sweetgreen (SG) in brief

Sweetgreen (SG) reported revenue of $679 million for fiscal 2025, the year ended 28 December 2025, up 0.4% on the year before.
Read moreNet loss was $134 million and the diluted loss per share $1.14. Revenue was $677 million in fiscal 2024, $584 million in fiscal 2023, $470 million in fiscal 2022 and $340 million in fiscal 2021. Net income in the same years was a loss of $90 million, a loss of $113 million, a loss of $190 million and a loss of $153 million. Over the twelve months to 28 June 2026, Sweetgreen reported revenue of $682 million and net income of $14 million. Revenue grew 25.2% a year, compounded, over the five years to fiscal 2025. Sweetgreen had 96 million shares outstanding at the latest filed count. At 28 June 2026 it carried $0 million of debt and $143 million of cash. At the close of 29 October 2026 the market cap of Sweetgreen was $1.1 billion, 114.0 times its earnings over the last twelve months.

Ratios

From the filings

ROE2.9%
ROCE-31.2%
Operating margin-21.4%
Net margin2.0%
FCF margin-17.1%
Interest cover-1,404.94
Debt to equity0.00
Cash conversion-2.02
Share count, last 12 months0.9%
Sales CAGR, 3 years13.1%
Profit CAGR, 3 yearsn/a
EPS, TTM$0.10

At the close of 29 October 2026

Price$11.40
Market cap$1.1 billion
Stock P/E114.00
Price to book2.34
EV / EBITDAn/a
Dividend yieldn/a
Market cap / sales1.61
52-week high$11.40
52-week low$4.70
Price, 1 year64.3%
Price CAGR, 3 years2.1%
Price CAGR, 5 yearsn/a
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Sweetgreen, Inc.'s balance sheet shows no borrowings, so debt here is nil; lease liabilities are a separate line. Nothing here is a valuation or a view.
SGgreeksoup.ai
Daily prices to 29 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on SG

Dividendsno dividend in its filings for fiscal 2020 onward
Filings14 in twelve months: 7 current reports (8-K), about 4 results of operations; 1 officer or director change; 1 shareholder vote; 1 acquisition or disposition completed; 1 regulation FD disclosure
Planned insider sales4 Form 144 notices in twelve months, $254,548; latest 17 August 2026
Options tapeput/call 0.33 by open interest at the 29 October 2026 close; the straddle prices a 16.1% move to 6 November 2026
13F holders237 funds reported a position for the quarter to 30 June 2026; largest Baillie Gifford & Co.
Insider trading4 sales and 34 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest24.1 million shares short, 5.29 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 20 quarters

Q3 FY2021Q4 FY2021 *Q1 FY2022 †Q2 FY2022 †Q3 FY2022 †Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue95.896.4103125124119125153153153158185173161166186172155162193
Cost of revenue82.784.189.3102104105108121124128129143138133137150150139145167
Gross profit13.112.313.323.019.813.116.931.129.124.828.541.534.928.029.735.122.516.216.225.2
Gross margin14%13%13%18%16%11%14%20%19%16%18%22%20%17%18%19%13%10%10%13%
R&Dn/an/a0.23.3-3.31.80.30.20.40.30.30.30.30.1n/an/an/an/an/an/a
Operating income-32.3-47.8-49.6-42.2-49.3-52.3-35.3-31.2-26.5-29.3-26.9-16.2-21.2-31.4-28.5-26.4-36.3-48.1-34.3-27.4
Operating margin-34%-50%-48%-34%-40%-44%-28%-20%-17%-19%-17%-9%-12%-20%-17%-14%-21%-31%-21%-14%
Interest expense0.00.00.00.00.00.00.00.00.00.10.00.20.00.00.00.00.00.00.00.1
Pre-tax income-30.1-66.0-49.2-40.0-47.4-52.5-33.3-26.9-24.7-28.0-26.0-14.4-20.7-30.6-24.9-23.1-36.1-49.9128-26.3
Tax raten/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a1%n/a
Net income-30.1-66.2-49.2-40.0-47.4-53.8-33.7-27.3-25.1-27.4-26.1-14.5-20.8-29.0-25.0-23.2-36.1-49.7126-26.3
Net margin-31%-69%-48%-32%-38%-45%-27%-18%-16%-18%-17%-8%-12%-18%-15%-12%-21%-32%78%-14%
Diluted EPS-$1.58-$0.61-$0.45-$0.36-$0.43-$0.49-$0.30-$0.24-$0.22-$0.24-$0.23-$0.13-$0.18-$0.25-$0.21-$0.20-$0.31-$0.42$1.05-$0.22
Operating cash flow-8.6-28.3-17.3-1.2-6.2-19.1-3.18.012.78.93.419.114.76.1-13.110.5-1.4-8.7-17.2-0.4
Capital expenditure22.224.418.128.619.430.930.924.919.114.813.419.325.126.716.723.635.830.312.410.1
Free cash flow-30.8-52.8-35.4-29.7-25.5-50.0-34.0-17.0-6.4-5.9-10.0-0.2-10.3-20.6-29.9-13.1-37.2-39.0-29.6-10.6
Shares outstandingn/an/a96mn/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 6 fiscal years and the trailing twelve months

FY2020FY2021FY2022FY2023FY2024 †FY2025TTM
Revenue221340470584677679682
Cost of revenue229299401482544576602
Gross profit-8.740.469.310213310480.1
Gross margin-3.9%11.9%14.7%17.5%19.6%15.2%11.7%
Research and developmentn/an/a2.01.21.21.0n/a
Operating income-142-134-193-122-95.7-139-146
Operating margin-64.2%-39.5%-41.1%-20.9%-14.1%-20.5%-21.4%
Interest expense0.40.10.10.10.30.00.1
Pre-tax income-141-153-189-113-91.7-13415.3
Income tax0.00.11.30.4-1.30.01.7
Effective tax raten/an/an/an/an/an/a10.8%
Net income-141-153-190-113-90.4-13413.7
Net margin-64.0%-45.1%-40.5%-19.4%-13.4%-19.7%2.0%
Diluted EPS-$8.80-$5.51-$1.73-$1.01-$0.79-$1.14$0.10
Filing10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

FY2020FY2021FY2022FY2023FY2024 †FY2025TTM
Operating cash flow-90.4-64.5-43.226.543.4-12.7-27.6
Capital expenditure48.184.596.989.784.510688.7
Free cash flow-138-149-140-63.2-41.1-119-116
Free cash flow margin-62.8%-43.9%-29.8%-10.8%-6.1%-17.5%-17.1%
Cash from investing-58.4-97.5-102-95.7-92.2-1144.0
Cash from financing2.15324.6-5.28.92.9-0.2
Depreciation and amortisation26.935.546.559.567.371.573.8
Share-based compensation4.928.978.749.539.036.529.2
Diluted shares, weighted16m28m110m112m114m118m119m
Filing10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2020FY2021FY2022FY2023FY2024 †FY2025TTM
Funded by
Shareholders' equity-307653541483446356468
Redeemable equity5060.0n/an/an/an/an/a
Debtn/a0.00.00.00.00.00.0
Operating lease liabilitiesn/a0.0271271289313313
Other liabilitiesn/a11096.6103122119115
Total liabilities and equityn/a763909857857788896
Owned
Fixed assetsn/a181235267296327311
Goodwill6.336.036.036.036.027.827.8
Intangible assetsn/a32.930.627.424.010.49.9
Cash and equivalents10347233225721589.2143
Receivablesn/a2.63.23.55.05.25.7
Inventoryn/a0.91.42.12.02.42.9
Other assetsn/a37.6271263278326396
Total assetsn/a763909857857788896
Filing10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/a25.2%13.1%-0.6%
Profit growth, compoundedn/an/an/an/a
Return on equity, averagen/a-28.0%-27.1%-37.6%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Sweetgreen's revenue in fiscal 2025?

Sweetgreen (SG) reported revenue of $679 million for fiscal 2025, the year ended 28 December 2025, up 0.4% on the year before.

How much did Sweetgreen earn in fiscal 2025?

Net loss was $134 million for fiscal 2025, and the diluted loss per share $1.14.

What is Sweetgreen's P/E ratio?

At the close of 29 October 2026, Sweetgreen traded at 114.0 times its earnings over the twelve months to 28 June 2026.

What is Sweetgreen's market cap?

The market cap of Sweetgreen was $1.1 billion at the close of 29 October 2026.

How much debt does Sweetgreen have?

At 28 June 2026 Sweetgreen carried $0 million of debt and $143 million of cash.

Peers: Restaurants, Hotels, Motels

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
McDonald's Corp. MCD$182.1 billion20.91n/a46.2%6.3%n/a2.9%
Yum! Brands, Inc. YUM$42.2 billion19.43n/a31.0%10.3%n/a1.9%
Chipotle Mexican Grill Inc. CMG$39.6 billion29.2256.1%14.1%7.9%0.00n/a
Restaurant Brands International Inc. QSR$25.5 billion17.0338.1%27.0%5.5%3.363.5%
Darden Restaurants Inc. DRI$24.9 billion21.5557.2%11.7%8.1%1.262.8%
Yum China Holdings, Inc. YUMC$15.6 billion16.5618.2%11.1%8.8%0.012.3%
Aramark ARMK$14.8 billion39.1711.3%4.4%11.0%1.810.9%
Texas Roadhouse, Inc. TXRH$12.0 billion29.2826.5%7.7%9.9%0.031.6%
Brinker International, Inc. EAT$9.2 billion19.34125.2%11.0%6.1%1.13n/a
Cava Group, Inc. CAVA$6.9 billion107.647.9%5.2%26.8%0.00n/a
Cheesecake Factory Inc. CAKE$5.6 billion30.6934.4%5.3%5.7%1.081.0%
Wingstop Inc. WING$3.9 billion34.12n/a27.7%6.9%n/a0.8%
All 47 in Restaurants, Hotels, Motels
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
McDonald's Corp. MCD$182.1 billion20.91n/a46.2%6.3%n/a2.9%
Starbucks Corp. SBUX$120.4 billion60.70n/a7.8%4.5%n/a2.3%
Marriott International Inc. MAR$104.2 billion41.42n/a15.8%4.7%n/a0.7%
Hilton Worldwide Holdings Inc. HLT$79.6 billion48.24n/a24.0%8.1%n/a0.2%
Yum! Brands, Inc. YUM$42.2 billion19.43n/a31.0%10.3%n/a1.9%
Chipotle Mexican Grill Inc. CMG$39.6 billion29.2256.1%14.1%7.9%0.00n/a
InterContinental Hotels Group PLC IHG *$25.7 billion34.86n/a23.1%5.4%n/a1.0%
Restaurant Brands International Inc. QSR$25.5 billion17.0338.1%27.0%5.5%3.363.5%
Darden Restaurants Inc. DRI$24.9 billion21.5557.2%11.7%8.1%1.262.8%
Las Vegas Sands Corp. LVS$23.2 billion15.18n/a20.9%10.9%n/a3.1%
Hyatt Hotels Corp. H$17.7 billion95.445.8%n/a2.8%1.150.3%
Yum China Holdings, Inc. YUMC$15.6 billion16.5618.2%11.1%8.8%0.012.3%
Aramark ARMK$14.8 billion39.1711.3%4.4%11.0%1.810.9%
Texas Roadhouse, Inc. TXRH$12.0 billion29.2826.5%7.7%9.9%0.031.6%
Brinker International, Inc. EAT$9.2 billion19.34125.2%11.0%6.1%1.13n/a
Wynn Resorts Ltd. WYNN$7.7 billion18.42n/a15.7%6.4%n/a1.3%
MGM Resorts International MGM$7.3 billion10.9727.7%7.0%2.6%2.26n/a
Cava Group, Inc. CAVA$6.9 billion107.647.9%5.2%26.8%0.00n/a
Dutch Bros Inc. BROS$6.8 billion61.0911.6%9.6%29.6%0.25n/a
Caesars Entertainment, Inc. CZR$5.9 billionn/a-16.3%15.4%3.1%3.56n/a
Cheesecake Factory Inc. CAKE$5.6 billion30.6934.4%5.3%5.7%1.081.0%
Wyndham Hotels & Resorts, Inc. WH$5.6 billion28.5942.5%29.2%0.8%5.742.2%
Boyd Gaming Corp. BYD$5.2 billion10.9420.5%17.8%0.3%1.091.1%
Choice Hotels International Inc. CHH$5.1 billion15.95230.9%25.2%2.6%14.081.0%
Travel & Leisure Co. TNL$4.3 billion19.23n/a13.0%4.6%n/a3.3%
Wingstop Inc. WING$3.9 billion34.12n/a27.7%6.9%n/a0.8%
Park Hotels & Resorts Inc. PK$3.4 billionn/a-5.3%2.0%-1.4%1.275.9%
Shake Shack Inc. SHAK$3.0 billion75.007.3%3.6%17.3%0.46n/a
Red Rock Resorts, Inc. RRR$2.9 billion17.3998.7%27.7%0.9%20.93n/a
Hilton Grand Vacations Inc. HGV$2.7 billion6.8931.9%15.0%18.8%5.95n/a
Sunstone Hotel Investors, Inc. SHO$2.4 billion58.862.2%9.1%7.3%0.522.8%
Penn Entertainment, Inc. PENN$2.1 billionn/a-48.7%-7.9%6.1%1.51n/a
Monarch Casino & Resort Inc. MCRI$2.0 billion17.9019.9%25.1%5.1%0.001.1%
Xenia Hotels & Resorts, Inc. XHR$1.9 billionn/a-0.7%6.7%1.6%1.222.7%
Cracker Barrel Old Country Store, Inc. CBRL$1.6 billion51.716.6%-0.4%-4.7%0.711.4%
Target Hospitality Corp. TH$1.4 billionn/a-10.2%-11.1%11.9%0.11n/a
Wendy's Co. WEN$1.4 billion10.86104.6%13.6%-1.0%22.827.8%
BJs Restaurants Inc. BJRI$1.3 billion33.8310.3%2.7%3.5%0.11n/a
Sweetgreen, Inc. SG$1.1 billion114.002.9%-21.4%-0.6%0.00n/a
Bloomin' Brands, Inc. BLMN$914 million34.456.4%1.2%1.2%1.634.2%
First Watch Restaurant Group, Inc. FWRG$772 million43.122.8%2.1%19.3%0.46n/a
Cannae Holdings, Inc. CNNE$744 millionn/a-16.3%-28.4%-11.4%0.073.5%
Bally's Corp. BALY$662 millionn/a-118.5%-7.3%20.4%6.99n/a
Papa John's International, Inc. PZZA$619 million23.82n/a4.3%-5.6%n/a9.8%
El Pollo Loco Holdings, Inc. LOCO$468 million13.1411.0%10.5%4.4%0.09n/a
Portillo's Inc. PTLO$306 million27.502.9%4.5%2.9%0.70n/a
Black Rock Coffee Bar, Inc. BRCB$225 million151.361.3%1.0%n/a0.58n/a
19 companies share its SEC industry code (Retail-Eating Places); the rest are the names nearest in size in its wider industry, Restaurants, Hotels, Motels, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q28 June 20267 August 2026EDGAR
10-Q29 March 20268 May 2026EDGAR
10-K28 December 202527 February 2026EDGAR
10-Q28 September 20257 November 2025EDGAR
10-Q29 June 20258 August 2025EDGAR
10-Q30 March 20258 May 2025EDGAR
10-K29 December 202427 February 2025EDGAR
10-Q29 September 20248 November 2024EDGAR
10-Q30 June 20249 August 2024EDGAR
10-Q31 March 202410 May 2024EDGAR