Is the business good?
How good a business is SN?
SharkNinja, Inc. earns 28% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
28%
Return on invested capital · cost of capital 9.0% · 19 points above what the capital costs: growth creates value
- Operating margin
- 14%
Operating margin · Furnishings, Fixtures & Appliances median 5.7% · fiscal year to FY2025
- Cash conversion
- 0.70×
Cash conversion · 0.70× a year ago · some of the reported profit has not turned into cash yet
- Share count, year on year
- +0.71%
Share count, year on year · flat: no meaningful dilution
| Year | Operating margin |
|---|---|
| FY2021 | 12% |
| FY2022 | 8.6% |
| FY2023 | 8.8% |
| FY2024 | 12% |
| FY2025 | 14% |
Details›
- Gross marginfiscal year to FY2025
- 49%
- Operating marginfiscal year to FY2025
- 14%
- Net marginfiscal year to FY2025
- 11%
- Free cash flow margin
- 7.6%
- R&D as % of revenue
- 5.8%
- Revenue, trailing twelve months
- $6.40B
- Free cash flow, trailing twelve months
- $488M
- Net income, trailing twelve months
- $701M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 28%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Furnishings, Fixtures & Appliances
Ranks #3 of 11 by Smart Score