SharkNinja (SN) FY2024 results: revenue $5.5 billion, up 30.0% on the year
SharkNinja, Inc. (SN) reported revenue of $5.5 billion for fiscal 2024, the year ended 31 December 2024, up 30.0% on the year before. Net income was $439 million, up 162.6%, and diluted earnings per share $3.11. The figures are the company's own, from the 20-F it filed with the SEC on 31 March 2025.
Revenue
$5.5 billion
+30.0% on the year
FY2021FY2024
Operating margin
11.7%
8.8% a year earlier
FY2021FY2024
Net income
$439 million
+162.6% on the year
FY2021FY2024
Diluted EPS
$3.11
+159.2% on the year
FY2021FY2024
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Revenue
5,529
4,254
3,717
+30.0%
Cost of revenue
2,867
2,346
2,307
+22.2%
Gross profit
2,662
1,908
1,410
+39.5%
Gross margin
48.1%
44.9%
37.9%
Research and development
341
249
216
+36.9%
Operating income
644
374
321
+72.4%
Operating margin
11.7%
8.8%
8.6%
Pre-tax income
572
293
302
+95.2%
Income tax
134
126
69.6
+6.0%
Effective tax rate
23.4%
43.0%
23.1%
Net income
439
167
232
+162.6%
Net margin
7.9%
3.9%
6.3%
Diluted EPS
$3.11
$1.20
$1.67
+159.2%
$ million except per share. 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.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
447
281
205
+59.2%
Capital expenditure
138
123
80.3
+12.2%
Free cash flow
309
158
125
+95.7%
Free cash flow margin
5.6%
3.7%
3.4%
Cash from investing
-151
-118
-52.4
Cash from financing
-81.2
-235
-160
Depreciation and amortisation
123
104
86.7
+18.6%
Share-based compensation
84.5
47.0
5.5
+80.0%
Dividends paid
0.0
150
0.0
Dividend per share
n/a
$1.08
n/a
Diluted shares, weighted
141m
139m
139m
+1.2%
Shares outstanding at period end
140m
139m
139m
+0.9%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
1,936
1,479
1,828
+30.9%
Debt
775
800
436
-3.0%
Operating lease liabilities
145
63.0
61.8
+130.6%
Other liabilities
1,537
1,145
969
+34.2%
Total liabilities and equity
4,394
3,487
3,295
+26.0%
Fixed assets
211
166
137
+27.2%
Goodwill
835
834
840
+0.1%
Intangible assets
463
478
493
-3.2%
Cash and equivalents
364
154
193
+136.1%
Receivables
1,267
985
767
+28.6%
Inventory
900
700
549
+28.6%
Other assets
355
170
317
+109.0%
Total assets
4,394
3,487
3,295
+26.0%
20-F for the year ended 31 December 2024, filed 31 March 2025: the filing.