SGSweetgreen, Inc.
Is the business good?
Margins widening. That is the only one of 4 checks this filer's data supports, so take it as a single data point rather than a settled answer.
Operating margin has widened over the past few years, the business is getting more profitable per dollar of sales.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is SG?
Sweetgreen, Inc. earns −36% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
Return on invested capital · cost of capital 9.0% · 45 points below what the capital costs: growth destroys value
- Operating margin
- −21%
Operating margin · Restaurants median 7.8% · 12 months to Q2 2026
- Share count, year on year
- +0.91%
Share count, year on year · flat: no meaningful dilution
- Gross margin
- 12%
Gross margin
| Year | Operating margin |
|---|---|
| FY2020 | −64% |
| FY2021 | −40% |
| FY2022 | −41% |
| FY2023 | −21% |
| FY2024 | −14% |
| FY2025 | −21% |
Details›
- Gross margin12 months to Q2 2026
- 12%
- Operating margin12 months to Q2 2026
- −21%
- Net margin12 months to Q2 2026
- 2.0%
- Free cash flow margin
- −17%
- Revenue, trailing twelve months
- $682M
- Free cash flow, trailing twelve months
- −$116M
- Net income, trailing twelve months
- $14M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- −36%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.