SNSharkNinja, Inc.
Is the business good?
The checks split: nothing decisive, though thin cash backing (0.4×).
Mixed fundamental signals. Nine pass/fail tests of year-over-year health from the filings.
Operating profit outpaces operating cash flow, watch accruals and working capital.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is SN?
SharkNinja, Inc. earns 19% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
Return on invested capital · cost of capital 9.0% · 9.7 points above what the capital costs: growth creates value
- Operating margin
- 11%
Operating margin · Furnishings, Fixtures & Appliances median 7.8% · 12 months to Q2 2026
- Cash conversion
- 0.40×
Cash conversion · the operating profit has not turned into cash yet
- R&D as % of revenue
- 6.6%
R&D as % of revenue
| Year | Operating margin |
|---|---|
| FY2021 | 12% |
| FY2022 | 8.6% |
| FY2023 | 8.8% |
| FY2024 | 12% |
| FY2025 | 14% |
Details›
- Gross margin12 months to Q2 2026
- 49%
- Operating margin12 months to Q2 2026
- 11%
- Net margin12 months to Q2 2026
- 8.7%
- Free cash flow margin
- 1.2%
- R&D as % of revenue
- 6.6%
- Revenue, trailing twelve months
- $5.85B
- Free cash flow, trailing twelve months
- $68M
- Net income, trailing twelve months
- $509M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 19%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Furnishings, Fixtures & Appliances
Ranks #3 of 13 by RyuScore