SpartanNash (SPTN) Financials

$19.34 -0.42 (-2.13%)

Closing price 04:00 PM Eastern

Extended Trading

$19.45 +0.11 (+0.57%)

As of 07:49 PM Eastern

Annual Income Statements for SpartanNash

This table shows SpartanNash's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	35	52	0.30
Consolidated Net Income / (Loss)	35	52	0.30
Net Income / (Loss) Continuing Operations	35	52	0.30
Total Pre-Tax Income	47	70	11
Total Operating Income	69	107	54
Total Gross Profit	1,497	1,486	1,512
Total Revenue	9,643	9,729	9,549
Operating Revenue	9,643	9,729	9,549
Total Cost of Revenue	8,146	8,244	8,037
Operating Cost of Revenue	8,146	8,244	8,037
Total Operating Expenses	1,429	1,379	1,459
Selling, General & Admin Expense	1,428	1,366	1,381
Impairment Charge	0.00	0.00	46
Restructuring Charge	1.15	13	32
Total Other Income / (Expense), net	-22	-37	-43
Interest Expense	23	40	45
Other Income / (Expense), net	1.16	3.30	1.89
Income Tax Expense	12	18	11
Basic Earnings per Share	$0.98	$1.53	$0.01
Weighted Average Basic Shares Outstanding	35.28M	34.21M	33.79M
Diluted Earnings per Share	$0.95	$1.50	$0.01
Weighted Average Diluted Shares Outstanding	36.31M	34.90M	34.21M
Weighted Average Basic & Diluted Shares Outstanding	35.06M	34.62M	33.76M
Cash Dividends to Common per Share	$0.84	$0.86	$0.87

This table shows SpartanNash's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	9.46	0.65	11	19	11	10	13	11	11	-35
Consolidated Net Income / (Loss)	9.46	0.65	11	19	11	10	13	11	11	-35
Net Income / (Loss) Continuing Operations	9.46	0.65	11	19	11	10	13	11	11	-35
Total Pre-Tax Income	14	1.52	14	27	15	15	18	16	15	-39
Total Operating Income	19	8.77	24	36	23	24	31	26	25	-28
Total Gross Profit	351	341	447	352	348	339	440	353	355	365
Total Revenue	2,297	2,309	2,907	2,312	2,264	2,245	2,806	2,231	2,251	2,262
Operating Revenue	2,297	2,309	2,907	2,312	2,264	2,245	2,806	2,231	2,251	2,262
Total Cost of Revenue	1,945	1,968	2,461	1,960	1,917	1,906	2,366	1,878	1,896	1,897
Operating Cost of Revenue	1,945	1,968	2,461	1,960	1,917	1,906	2,366	1,878	1,896	1,897
Total Operating Expenses	332	333	422	317	324	315	410	327	330	392
Selling, General & Admin Expense	333	333	418	319	323	306	404	318	324	335
Restructuring Charge	-1.46	-0.69	4.16	-2.20	1.67	8.98	6.10	8.72	5.67	11
Total Other Income / (Expense), net	-5.28	-7.25	-11	-8.66	-8.49	-8.88	-12	-9.99	-9.70	-11
Interest Expense	6.05	8.03	12	9.35	9.28	9.67	13	11	9.92	11
Other Income / (Expense), net	0.77	0.78	1.04	0.69	0.79	0.79	1.05	0.55	0.22	0.08
Income Tax Expense	4.55	0.87	2.43	7.65	3.45	4.36	5.21	4.65	4.30	-3.43
Basic Earnings per Share	$0.27	$0.03	$0.33	$0.57	$0.33	$0.30	$0.38	$0.34	$0.33	($1.04)
Weighted Average Basic Shares Outstanding	35.16M	35.28M	34.55M	34.13M	34.02M	34.21M	34.14M	33.73M	33.58M	33.79M
Diluted Earnings per Share	$0.26	$0.02	$0.32	$0.56	$0.32	$0.30	$0.37	$0.34	$0.32	($1.02)
Weighted Average Diluted Shares Outstanding	36.15M	36.31M	35.46M	34.64M	34.52M	34.90M	34.59M	33.96M	34.10M	34.21M
Weighted Average Basic & Diluted Shares Outstanding	35.28M	35.06M	34.74M	34.62M	34.62M	34.62M	33.89M	33.75M	33.75M	33.76M

This table details how cash moves in and out of SpartanNash's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Change in Cash & Equivalents	18	-11	3.61
Net Cash From Operating Activities	110	89	206
Net Cash From Continuing Operating Activities	110	89	206
Net Income / (Loss) Continuing Operations	35	52	0.30
Consolidated Net Income / (Loss)	35	52	0.30
Depreciation Expense	94	99	103
Non-Cash Adjustments To Reconcile Net Income	64	34	84
Changes in Operating Assets and Liabilities, net	-82	-95	18
Net Cash From Investing Activities	-101	-117	-247
Net Cash From Continuing Investing Activities	-101	-117	-247
Purchase of Property, Plant & Equipment	-97	-120	-132
Acquisitions	-41	-0.78	-118
Sale of Property, Plant & Equipment	37	4.33	7.92
Other Investing Activities, net	0.94	0.26	-4.61
Net Cash From Financing Activities	9.02	16	45
Net Cash From Continuing Financing Activities	9.02	16	45
Repayment of Debt	-1,389	-1,291	-1,293
Repurchase of Common Equity	-32	-19	-15
Payment of Dividends	-30	-30	-30
Issuance of Debt	1,469	1,361	1,387
Other Financing Activities, net	-8.17	-5.20	-4.59

This table details how cash moves in and out of SpartanNash's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-2.25	10	-12	-0.06	0.64	0.41	1.00	6.27	-7.73	4.06
Net Cash From Operating Activities	-21	103	-2.71	52	46	-6.35	36	96	-8.84	83
Net Cash From Continuing Operating Activities	-21	103	-2.71	52	46	-6.35	36	96	-8.84	83
Net Income / (Loss) Continuing Operations	9.46	0.65	11	19	11	10	13	11	11	-35
Consolidated Net Income / (Loss)	9.46	0.65	11	19	11	10	13	11	11	-35
Depreciation Expense	22	22	30	22	23	23	31	23	24	25
Non-Cash Adjustments To Reconcile Net Income	14	14	19	3.87	7.51	3.06	10	8.66	7.44	58
Changes in Operating Assets and Liabilities, net	-66	66	-63	6.57	4.34	-43	-18	52	-51	35
Net Cash From Investing Activities	4.75	-55	-39	-18	-25	-35	-38	-41	-31	-136
Net Cash From Continuing Investing Activities	4.75	-55	-39	-18	-25	-35	-38	-41	-31	-136
Purchase of Property, Plant & Equipment	-20	-31	-39	-22	-25	-34	-40	-27	-31	-35
Acquisitions	-	-32	0.00	-0.78	-	-	0.00	-15	0.53	-104
Sale of Property, Plant & Equipment	25	7.84	0.13	3.87	0.06	0.28	1.75	0.15	0.16	5.86
Other Investing Activities, net	0.04	0.18	-0.54	1.09	0.38	-0.67	0.31	0.27	-1.05	-4.14
Net Cash From Financing Activities	14	-38	30	-35	-20	41	2.65	-48	32	58
Net Cash From Continuing Financing Activities	14	-38	30	-35	-20	41	2.65	-48	32	58
Repayment of Debt	-299	-429	-407	-341	-276	-267	-396	-331	-256	-310
Repurchase of Common Equity	-17	-9.21	-11	-7.62	-	-	-2.62	-12	-	0.05
Payment of Dividends	-7.29	-7.25	-7.82	-7.30	-7.26	-7.28	-8.09	-7.27	-7.28	-7.27
Issuance of Debt	337	411	460	321	263	316	412	303	296	375
Other Financing Activities, net	-0.16	-3.66	-4.55	-0.16	-0.07	-0.42	-3.29	-0.08	-0.59	-0.64

This table presents SpartanNash's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Total Assets	2,307	2,356	2,602
Total Current Assets	1,066	1,077	1,092
Cash & Equivalents	29	18	22
Note & Lease Receivable	404	422	449
Inventories, net	571	575	546
Prepaid Expenses	62	62	75
Plant, Property, & Equipment, net	610	649	780
Total Noncurrent Assets	630	629	731
Goodwill	182	182	181
Intangible Assets	106	102	118
Other Noncurrent Operating Assets	341	345	432
Total Liabilities & Shareholders' Equity	2,307	2,356	2,602
Total Liabilities	1,540	1,577	1,859
Total Current Liabilities	705	660	695
Short-Term Debt	6.79	8.81	13
Accounts Payable	487	473	485
Accrued Expenses	62	58	62
Current Employee Benefit Liabilities	103	78	86
Other Current Liabilities	45	42	50
Total Noncurrent Liabilities	836	917	1,164
Noncurrent Deferred & Payable Income Tax Liabilities	66	74	91
Other Noncurrent Operating Liabilities	769	844	1,073
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	766	778	743
Total Preferred & Common Equity	766	778	743
Preferred Stock	0.00	0.00	0.00
Total Common Equity	766	778	743
Common Stock	468	460	455
Retained Earnings	295	317	287
Accumulated Other Comprehensive Income / (Loss)	2.98	0.80	1.34

This table presents SpartanNash's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	2,341	2,296	2,327	2,334	2,342	2,366	2,467
Total Current Assets	1,146	1,069	1,085	1,088	1,066	1,045	1,140
Cash & Equivalents	19	17	17	18	19	25	18
Note & Lease Receivable	430	411	426	427	422	427	490
Inventories, net	624	566	577	580	555	528	558
Prepaid Expenses	70	75	65	64	70	65	74
Plant, Property, & Equipment, net	558	604	609	616	648	663	669
Total Noncurrent Assets	637	623	632	629	628	659	659
Goodwill	182	182	182	182	182	190	190
Intangible Assets	107	105	104	103	100	103	102
Other Noncurrent Operating Assets	347	336	346	345	346	366	367
Total Liabilities & Shareholders' Equity	2,341	2,296	2,327	2,334	2,342	2,366	2,467
Total Liabilities	1,561	1,537	1,559	1,557	1,557	1,590	1,686
Total Current Liabilities	703	634	671	682	608	643	702
Short-Term Debt	6.76	7.61	7.64	8.41	9.72	9.75	9.75
Accounts Payable	493	471	500	506	447	467	514
Accrued Expenses	53	57	58	53	55	64	65
Current Employee Benefit Liabilities	104	55	61	72	54	61	71
Other Current Liabilities	46	44	43	43	42	42	42
Total Noncurrent Liabilities	858	903	888	874	949	946	984
Noncurrent Deferred & Payable Income Tax Liabilities	71	81	78	78	81	81	86
Other Noncurrent Operating Liabilities	788	822	810	796	867	865	899
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	780	759	768	777	785	776	781
Total Preferred & Common Equity	780	759	768	777	785	776	781
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	780	759	768	777	785	776	781
Common Stock	475	459	455	458	459	449	452
Retained Earnings	302	299	311	314	322	326	330
Accumulated Other Comprehensive Income / (Loss)	3.53	1.42	2.92	5.16	3.65	1.01	-0.33

This table displays calculated financial ratios and metrics derived from SpartanNash's official financial filings.

Metric	2022	2023	2024
Growth Metrics	-	-	-
Revenue Growth	7.97%	0.89%	-1.85%
EBITDA Growth	-20.14%	27.31%	-23.67%
EBIT Growth	-38.04%	57.82%	-49.23%
NOPAT Growth	-39.87%	57.62%	-98.16%
Net Income Growth	-53.20%	51.33%	-99.43%
EPS Growth	-53.66%	57.89%	-99.33%
Operating Cash Flow Growth	-31.53%	-19.05%	130.48%
Free Cash Flow Firm Growth	3,509.97%	-36.35%	-34.10%
Invested Capital Growth	-4.47%	3.40%	-4.46%
Revenue Q/Q Growth	2.29%	-0.65%	0.17%
EBITDA Q/Q Growth	-13.98%	8.46%	-23.92%
EBIT Q/Q Growth	-27.99%	15.53%	-48.19%
NOPAT Q/Q Growth	-26.86%	15.70%	-98.05%
Net Income Q/Q Growth	-38.48%	22.67%	-99.35%
EPS Q/Q Growth	-38.71%	22.95%	-99.25%
Operating Cash Flow Q/Q Growth	347.56%	-55.02%	76.11%
Free Cash Flow Firm Q/Q Growth	66.88%	-16.67%	-48.54%
Invested Capital Q/Q Growth	-2.71%	0.12%	-5.01%
Profitability Metrics	-	-	-
Gross Margin	15.53%	15.27%	15.84%
EBITDA Margin	1.70%	2.14%	1.67%
Operating Margin	0.71%	1.10%	0.57%
EBIT Margin	0.72%	1.13%	0.58%
Profit (Net Income) Margin	0.36%	0.54%	0.00%
Tax Burden Percent	73.58%	74.49%	2.71%
Interest Burden Percent	67.30%	63.74%	19.74%
Effective Tax Rate	26.42%	25.51%	97.29%
Return on Invested Capital (ROIC)	6.63%	10.51%	0.19%
ROIC Less NNEP Spread (ROIC-NNEP)	126.15%	183.84%	13.22%
Return on Net Nonoperating Assets (RNNOA)	-2.17%	-3.74%	-0.16%
Return on Equity (ROE)	4.46%	6.77%	0.04%
Cash Return on Invested Capital (CROIC)	11.19%	7.17%	4.75%
Operating Return on Assets (OROA)	3.09%	4.72%	2.25%
Return on Assets (ROA)	1.53%	2.24%	0.01%
Return on Common Equity (ROCE)	4.46%	6.77%	0.04%
Return on Equity Simple (ROE_SIMPLE)	4.51%	6.71%	0.04%
Net Operating Profit after Tax (NOPAT)	50	79	1.46
NOPAT Margin	0.52%	0.82%	0.02%
Net Nonoperating Expense Percent (NNEP)	-119.52%	-173.33%	-13.02%
Return On Investment Capital (ROIC_SIMPLE)	6.53%	10.10%	0.19%
Cost of Revenue to Revenue	84.47%	84.73%	84.16%
SG&A Expenses to Revenue	14.81%	14.04%	14.47%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	14.82%	14.17%	15.27%
Earnings before Interest and Taxes (EBIT)	70	110	56
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	164	209	159
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	1.28	0.98	0.83
Price to Tangible Book Value (P/TBV)	2.06	1.54	1.38
Price to Revenue (P/Rev)	0.10	0.08	0.06
Price to Earnings (P/E)	28.46	14.55	2,055.78
Dividend Yield	3.02%	3.92%	4.78%
Earnings Yield	3.51%	6.87%	0.05%
Enterprise Value to Invested Capital (EV/IC)	1.29	0.98	0.82
Enterprise Value to Revenue (EV/Rev)	0.10	0.08	0.06
Enterprise Value to EBITDA (EV/EBITDA)	5.86	3.60	3.80
Enterprise Value to EBIT (EV/EBIT)	13.77	6.83	10.85
Enterprise Value to NOPAT (EV/NOPAT)	19.04	9.45	414.06
Enterprise Value to Operating Cash Flow (EV/OCF)	8.70	8.41	2.94
Enterprise Value to Free Cash Flow (EV/FCFF)	11.27	13.85	16.96
Leverage & Solvency	-	-	-
Debt to Equity	0.01	0.01	0.02
Long-Term Debt to Equity	0.00	0.00	0.00
Financial Leverage	-0.02	-0.02	-0.01
Leverage Ratio	2.91	3.02	3.26
Compound Leverage Factor	1.96	1.92	0.64
Debt to Total Capital	0.88%	1.12%	1.70%
Short-Term Debt to Total Capital	0.88%	1.12%	1.70%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	99.12%	98.88%	98.30%
Debt to EBITDA	0.04	0.04	0.08
Net Debt to EBITDA	-0.14	-0.04	-0.05
Long-Term Debt to EBITDA	0.00	0.00	0.00
Debt to NOPAT	0.13	0.11	8.77
Net Debt to NOPAT	-0.44	-0.12	-5.97
Long-Term Debt to NOPAT	0.00	0.00	0.00
Altman Z-Score	5.03	4.97	4.28
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	1.51	1.63	1.57
Quick Ratio	0.61	0.67	0.68
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	85	54	36
Operating Cash Flow to CapEx	182.53%	77.01%	165.39%
Free Cash Flow to Firm to Interest Expense	3.74	1.36	0.80
Operating Cash Flow to Interest Expense	4.84	2.24	4.59
Operating Cash Flow Less CapEx to Interest Expense	2.19	-0.67	1.82
Efficiency Ratios	-	-	-
Asset Turnover	4.27	4.17	3.85
Accounts Receivable Turnover	0.00	0.00	0.00
Inventory Turnover	14.90	14.38	14.33
Fixed Asset Turnover	16.24	15.45	13.36
Accounts Payable Turnover	17.43	17.16	16.77
Days Sales Outstanding (DSO)	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	24.50	25.38	25.47
Days Payable Outstanding (DPO)	20.94	21.27	21.76
Cash Conversion Cycle (CCC)	3.56	4.11	3.70
Capital & Investment Metrics	-	-	-
Invested Capital	744	769	735
Invested Capital Turnover	12.67	12.86	12.70
Increase / (Decrease) in Invested Capital	-35	25	-34
Enterprise Value (EV)	960	751	606
Market Capitalization	982	760	615
Book Value per Share	$21.72	$22.48	$22.03
Tangible Book Value per Share	$13.54	$14.28	$13.17
Total Capital	773	787	756
Total Debt	6.79	8.81	13
Total Long-Term Debt	0.00	0.00	0.00
Net Debt	-22	-9.15	-8.73
Capital Expenditures (CapEx)	60	116	124
Debt-free, Cash-free Net Working Capital (DFCFNWC)	339	408	388
Debt-free Net Working Capital (DFNWC)	368	426	409
Net Working Capital (NWC)	361	418	397
Net Nonoperating Expense (NNE)	16	27	1.16
Net Nonoperating Obligations (NNO)	-22	-9.15	-8.73
Total Depreciation and Amortization (D&A)	94	99	103
Debt-free, Cash-free Net Working Capital to Revenue	3.52%	4.20%	4.06%
Debt-free Net Working Capital to Revenue	3.82%	4.38%	4.29%
Net Working Capital to Revenue	3.75%	4.29%	4.15%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$0.98	$1.53	$0.01
Adjusted Weighted Average Basic Shares Outstanding	35.28M	34.21M	33.79M
Adjusted Diluted Earnings per Share	$0.95	$1.50	$0.01
Adjusted Weighted Average Diluted Shares Outstanding	36.31M	34.90M	34.21M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	35.06M	34.62M	33.76M
Normalized Net Operating Profit after Tax (NOPAT)	51	89	92
Normalized NOPAT Margin	0.53%	0.91%	0.96%
Pre Tax Income Margin	0.49%	0.72%	0.12%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	3.06	2.76	1.25
NOPAT to Interest Expense	2.21	1.99	0.03
EBIT Less CapEx to Interest Expense	0.41	-0.15	-1.53
NOPAT Less CapEx to Interest Expense	-0.44	-0.92	-2.74
Payout Ratios	-	-	-
Dividend Payout Ratio	86.07%	56.78%	10,003.01%
Augmented Payout Ratio	180.20%	92.25%	15,019.73%

This table displays calculated financial ratios and metrics derived from SpartanNash's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	10.77%	10.30%	5.20%	1.69%	-1.40%	-2.77%	-3.48%	-3.53%	-0.60%	0.73%
EBITDA Growth	-5.86%	-45.86%	-3.06%	74.88%	11.93%	51.75%	13.09%	-15.12%	5.11%	-104.94%
EBIT Growth	-11.78%	-73.95%	-10.62%	210.95%	18.88%	154.95%	24.90%	-26.86%	5.36%	-213.53%
NOPAT Growth	-25.48%	-84.61%	-10.81%	193.31%	35.14%	340.49%	9.09%	-27.58%	1.52%	-217.20%
Net Income Growth	-37.64%	-97.08%	-41.23%	280.61%	17.57%	1,485.38%	14.41%	-40.99%	-1.86%	-440.43%
EPS Growth	-38.10%	-96.77%	-39.62%	300.00%	23.08%	1,400.00%	15.63%	-39.29%	0.00%	-440.00%
Operating Cash Flow Growth	-129.93%	498.16%	-127.16%	182.30%	318.49%	-106.17%	1,446.49%	82.64%	-119.21%	1,400.52%
Free Cash Flow Firm Growth	90.10%	167.46%	270.69%	381.10%	387.42%	-122.62%	-107.33%	-16.80%	-10.93%	270.78%
Invested Capital Growth	2.40%	-4.47%	-4.42%	0.72%	0.47%	3.40%	3.45%	0.23%	0.71%	-4.46%
Revenue Q/Q Growth	0.99%	0.55%	25.91%	-20.47%	-2.08%	-0.84%	24.99%	-20.51%	0.89%	0.49%
EBITDA Q/Q Growth	24.35%	-24.94%	75.19%	6.96%	-20.41%	1.76%	30.56%	-19.73%	-1.45%	-104.78%
EBIT Q/Q Growth	71.10%	-52.44%	165.63%	43.86%	-34.59%	1.99%	30.13%	-15.75%	-5.78%	-209.90%
NOPAT Q/Q Growth	48.80%	-71.18%	433.21%	28.26%	-31.44%	-6.05%	32.05%	-14.85%	-3.89%	-208.45%
Net Income Q/Q Growth	85.02%	-93.13%	1,644.15%	71.72%	-42.84%	-7.39%	25.87%	-11.43%	-4.95%	-421.25%
EPS Q/Q Growth	85.71%	-92.31%	1,500.00%	75.00%	-42.86%	-6.25%	23.33%	-8.11%	-5.88%	-418.75%
Operating Cash Flow Q/Q Growth	-213.56%	588.47%	-102.63%	2,033.68%	-12.11%	-113.80%	673.95%	162.28%	-109.25%	1,034.32%
Free Cash Flow Firm Q/Q Growth	32.59%	891.65%	42.01%	-62.91%	-31.07%	-162.31%	53.98%	520.91%	-26.21%	19.48%
Invested Capital Q/Q Growth	1.43%	-2.71%	0.85%	1.20%	1.18%	0.12%	0.90%	-1.95%	1.67%	-5.01%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	15.29%	14.79%	15.36%	15.24%	15.35%	15.10%	15.69%	15.82%	15.76%	16.12%
EBITDA Margin	1.82%	1.36%	1.90%	2.55%	2.07%	2.13%	2.22%	2.24%	2.19%	-0.10%
Operating Margin	0.84%	0.38%	0.84%	1.55%	1.02%	1.05%	1.09%	1.17%	1.11%	-1.22%
EBIT Margin	0.87%	0.41%	0.87%	1.58%	1.05%	1.08%	1.13%	1.20%	1.12%	-1.22%
Profit (Net Income) Margin	0.41%	0.03%	0.39%	0.84%	0.49%	0.46%	0.46%	0.52%	0.49%	-1.55%
Tax Burden Percent	67.52%	42.85%	82.37%	71.78%	76.33%	70.28%	71.36%	71.21%	71.75%	91.10%
Interest Burden Percent	69.85%	15.89%	54.29%	74.37%	61.10%	60.26%	57.41%	60.49%	60.55%	139.40%
Effective Tax Rate	32.48%	57.15%	17.63%	28.22%	23.67%	29.72%	28.64%	28.79%	28.25%	0.00%
Return on Invested Capital (ROIC)	7.08%	2.06%	8.78%	14.43%	9.94%	9.48%	9.82%	10.48%	9.82%	-10.89%
ROIC Less NNEP Spread (ROIC-NNEP)	27.53%	25.39%	96.23%	39.68%	61.69%	49.16%	105.29%	67.95%	92.14%	164.60%
Return on Net Nonoperating Assets (RNNOA)	-0.62%	-0.44%	-1.23%	-1.25%	-0.99%	-1.00%	-1.27%	-1.09%	-1.00%	-1.93%
Return on Equity (ROE)	6.46%	1.62%	7.55%	13.18%	8.95%	8.48%	8.56%	9.39%	8.82%	-12.82%
Cash Return on Invested Capital (CROIC)	6.76%	11.19%	10.66%	7.74%	8.49%	7.17%	7.32%	9.59%	9.01%	4.75%
Operating Return on Assets (OROA)	3.59%	1.77%	3.74%	6.67%	4.41%	4.52%	4.68%	4.87%	4.43%	-4.71%
Return on Assets (ROA)	1.70%	0.12%	1.67%	3.56%	2.06%	1.92%	1.92%	2.10%	1.93%	-5.98%
Return on Common Equity (ROCE)	6.46%	1.62%	7.55%	13.18%	8.95%	8.48%	8.56%	9.39%	8.82%	-12.82%
Return on Equity Simple (ROE_SIMPLE)	7.19%	0.00%	3.50%	5.33%	5.48%	0.00%	6.86%	5.91%	5.85%	0.00%
Net Operating Profit after Tax (NOPAT)	13	3.76	20	26	18	17	22	19	18	-19
NOPAT Margin	0.57%	0.16%	0.69%	1.11%	0.78%	0.74%	0.78%	0.83%	0.79%	-0.86%
Net Nonoperating Expense Percent (NNEP)	-20.45%	-23.33%	-87.45%	-25.25%	-51.75%	-39.69%	-95.47%	-57.48%	-82.32%	-175.49%
Return On Investment Capital (ROIC_SIMPLE)	-	0.49%	-	-	-	2.10%	-	-	-	-2.56%
Cost of Revenue to Revenue	84.71%	85.21%	84.64%	84.76%	84.65%	84.90%	84.31%	84.18%	84.24%	83.88%
SG&A Expenses to Revenue	14.52%	14.44%	14.38%	13.79%	14.26%	13.65%	14.38%	14.26%	14.40%	14.83%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	14.45%	14.41%	14.53%	13.69%	14.33%	14.05%	14.60%	14.65%	14.65%	17.34%
Earnings before Interest and Taxes (EBIT)	20	9.54	25	36	24	24	32	27	25	-28
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	42	31	55	59	47	48	62	50	49	-2.36
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.30	1.28	1.08	0.93	0.98	0.98	0.86	0.82	0.92	0.83
Price to Tangible Book Value (P/TBV)	2.06	2.06	1.74	1.48	1.55	1.54	1.34	1.31	1.47	1.38
Price to Revenue (P/Rev)	0.11	0.10	0.08	0.07	0.08	0.08	0.07	0.07	0.08	0.06
Price to Earnings (P/E)	18.02	28.46	30.98	17.45	17.90	14.55	12.50	13.79	15.73	2,055.78
Dividend Yield	2.93%	3.02%	3.60%	4.14%	3.88%	3.92%	4.44%	4.63%	4.07%	4.78%
Earnings Yield	5.55%	3.51%	3.23%	5.73%	5.59%	6.87%	8.00%	7.25%	6.36%	0.05%
Enterprise Value to Invested Capital (EV/IC)	1.31	1.29	1.08	0.93	0.98	0.98	0.86	0.81	0.92	0.82
Enterprise Value to Revenue (EV/Rev)	0.11	0.10	0.08	0.07	0.08	0.08	0.07	0.06	0.07	0.06
Enterprise Value to EBITDA (EV/EBITDA)	5.24	5.86	5.02	3.76	3.91	3.60	3.08	2.98	3.39	3.80
Enterprise Value to EBIT (EV/EBIT)	10.32	13.77	12.20	7.71	7.91	6.83	5.71	5.79	6.59	10.85
Enterprise Value to NOPAT (EV/NOPAT)	14.49	19.04	17.28	11.02	10.96	9.45	8.13	8.27	9.49	414.06
Enterprise Value to Operating Cash Flow (EV/OCF)	40.52	8.70	8.33	5.36	3.79	8.41	5.17	3.59	6.08	2.94
Enterprise Value to Free Cash Flow (EV/FCFF)	19.57	11.27	9.95	12.04	11.57	13.85	11.89	8.47	10.23	16.96
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.02
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.02	-0.02	-0.01	-0.03	-0.02	-0.02	-0.01	-0.02	-0.01	-0.01
Leverage Ratio	2.97	2.91	2.93	2.98	3.00	3.02	3.00	3.04	3.08	3.26
Compound Leverage Factor	2.07	0.46	1.59	2.21	1.83	1.82	1.72	1.84	1.87	4.54
Debt to Total Capital	0.86%	0.88%	0.99%	0.99%	1.07%	1.12%	1.22%	1.24%	1.23%	1.70%
Short-Term Debt to Total Capital	0.86%	0.88%	0.99%	0.99%	1.07%	1.12%	1.22%	1.24%	1.23%	1.70%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	99.14%	99.12%	99.01%	99.02%	98.93%	98.88%	98.78%	98.76%	98.77%	98.30%
Debt to EBITDA	0.04	0.04	0.05	0.04	0.04	0.04	0.05	0.05	0.05	0.08
Net Debt to EBITDA	-0.06	-0.14	-0.06	-0.05	-0.05	-0.04	-0.04	-0.07	-0.04	-0.05
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.10	0.13	0.16	0.12	0.12	0.11	0.12	0.13	0.13	8.77
Net Debt to NOPAT	-0.18	-0.44	-0.20	-0.14	-0.13	-0.12	-0.11	-0.21	-0.10	-5.97
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	4.85	4.94	5.03	4.95	4.92	4.85	4.84	4.71	4.55	4.17
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.63	1.51	1.69	1.62	1.59	1.63	1.75	1.62	1.62	1.57
Quick Ratio	0.64	0.61	0.67	0.66	0.65	0.67	0.73	0.70	0.72	0.68
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-4.87	39	55	20	14	-8.71	-4.01	17	12	15
Operating Cash Flow to CapEx	0.00%	444.40%	-6.99%	289.48%	181.70%	-18.77%	94.93%	357.33%	-28.86%	288.19%
Free Cash Flow to Firm to Interest Expense	-0.80	4.80	4.72	2.17	1.51	-0.90	-0.30	1.60	1.26	1.37
Operating Cash Flow to Interest Expense	-3.48	12.82	-0.23	5.60	4.96	-0.66	2.70	9.07	-0.89	7.59
Operating Cash Flow Less CapEx to Interest Expense	-2.70	9.93	-3.58	3.67	2.23	-4.16	-0.14	6.53	-3.98	4.96
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	4.11	4.27	4.29	4.23	4.19	4.17	4.15	4.07	3.97	3.85
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	13.54	14.90	14.77	14.26	13.81	14.38	14.53	14.61	14.15	14.33
Fixed Asset Turnover	16.87	16.24	16.59	16.84	16.67	15.45	15.38	15.01	14.83	13.36
Accounts Payable Turnover	16.16	17.43	17.46	16.60	16.63	17.16	17.75	16.69	15.79	16.77
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	26.95	24.50	24.70	25.59	26.44	25.38	25.12	24.99	25.80	25.47
Days Payable Outstanding (DPO)	22.58	20.94	20.90	21.98	21.95	21.27	20.57	21.87	23.12	21.76
Cash Conversion Cycle (CCC)	4.37	3.56	3.80	3.61	4.49	4.11	4.56	3.11	2.68	3.70
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	764	744	750	759	768	769	776	761	774	735
Invested Capital Turnover	12.48	12.67	12.75	12.99	12.78	12.86	12.62	12.56	12.37	12.70
Increase / (Decrease) in Invested Capital	18	-35	-35	5.40	3.63	25	26	1.72	5.42	-34
Enterprise Value (EV)	999	960	814	705	753	751	664	617	711	606
Market Capitalization	1,011	982	823	714	762	760	673	633	718	615
Book Value per Share	$21.83	$21.72	$21.66	$22.12	$22.45	$22.48	$22.68	$22.91	$23.15	$22.03
Tangible Book Value per Share	$13.73	$13.54	$13.47	$13.89	$14.23	$14.28	$14.53	$14.26	$14.50	$13.17
Total Capital	787	773	767	776	786	787	795	786	791	756
Total Debt	6.76	6.79	7.61	7.64	8.41	8.81	9.72	9.75	9.75	13
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-12	-22	-9.35	-9.27	-9.14	-9.15	-9.24	-15	-7.76	-8.73
Capital Expenditures (CapEx)	-4.71	23	39	18	25	34	38	27	31	29
Debt-free, Cash-free Net Working Capital (DFCFNWC)	432	339	425	406	397	408	449	386	430	388
Debt-free Net Working Capital (DFNWC)	451	368	442	422	414	426	468	411	448	409
Net Working Capital (NWC)	444	361	435	415	406	418	458	402	438	397
Net Nonoperating Expense (NNE)	3.57	3.11	8.69	6.22	6.48	6.24	8.88	7.11	6.96	16
Net Nonoperating Obligations (NNO)	-16	-22	-9.35	-9.27	-9.14	-9.15	-9.24	-15	-7.76	-8.73
Total Depreciation and Amortization (D&A)	22	22	30	22	23	23	31	23	24	25
Debt-free, Cash-free Net Working Capital to Revenue	4.58%	3.52%	4.35%	4.13%	4.05%	4.20%	4.66%	4.04%	4.51%	4.06%
Debt-free Net Working Capital to Revenue	4.78%	3.82%	4.52%	4.30%	4.23%	4.38%	4.86%	4.31%	4.70%	4.29%
Net Working Capital to Revenue	4.71%	3.75%	4.44%	4.22%	4.14%	4.29%	4.76%	4.21%	4.60%	4.15%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.27	$0.03	$0.33	$0.57	$0.33	$0.30	$0.38	$0.34	$0.33	($1.04)
Adjusted Weighted Average Basic Shares Outstanding	35.28M	35.28M	34.55M	34.13M	34.02M	34.21M	34.14M	33.73M	33.58M	33.79M
Adjusted Diluted Earnings per Share	$0.26	$0.02	$0.32	$0.56	$0.32	$0.30	$0.37	$0.34	$0.32	($1.02)
Adjusted Weighted Average Diluted Shares Outstanding	35.28M	36.31M	35.46M	34.64M	34.52M	34.90M	34.59M	33.96M	34.10M	34.21M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	35.28M	35.06M	34.74M	34.62M	34.62M	34.62M	33.89M	33.75M	33.75M	33.76M
Normalized Net Operating Profit after Tax (NOPAT)	12	5.65	23	24	19	23	26	25	22	-12
Normalized NOPAT Margin	0.52%	0.24%	0.81%	1.04%	0.83%	1.02%	0.93%	1.11%	0.98%	-0.52%
Pre Tax Income Margin	0.61%	0.07%	0.47%	1.17%	0.64%	0.65%	0.65%	0.72%	0.68%	-1.70%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.32	1.19	2.19	3.90	2.57	2.52	2.35	2.53	2.54	-2.54
NOPAT to Interest Expense	2.15	0.47	1.73	2.75	1.90	1.71	1.62	1.76	1.80	-1.78
EBIT Less CapEx to Interest Expense	4.09	-1.70	-1.16	1.97	-0.16	-0.98	-0.50	-0.01	-0.55	-5.17
NOPAT Less CapEx to Interest Expense	2.93	-2.42	-1.61	0.81	-0.83	-1.79	-1.23	-0.77	-1.29	-4.42
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	52.47%	86.07%	112.23%	72.48%	69.59%	56.78%	55.55%	65.16%	65.48%	10,003.01%
Augmented Payout Ratio	93.97%	180.20%	275.61%	181.11%	134.71%	92.25%	74.55%	97.96%	98.42%	15,019.73%

Frequently Asked Questions About SpartanNash's Financials

When does SpartanNash's financial year end?

According to the most recent income statement we have on file, SpartanNash's fiscal year ends in December. Their fiscal year 2024 ended on December 28, 2024.

How has SpartanNash's net income changed over the last 2 years?

SpartanNash's net income appears to be on a downward trend, with a most recent value of $299 thousand in 2024, falling from $34.52 million in 2022. The previous period was $52.24 million in 2023.

What is SpartanNash's operating income?

SpartanNash's total operating income in 2024 was $53.96 million, based on the following breakdown:

Total Gross Profit: $1.51 billion
Total Operating Expenses: $1.46 billion

How has SpartanNash revenue changed over the last 2 years?

Over the last 2 years, SpartanNash's total revenue changed from $9.64 billion in 2022 to $9.55 billion in 2024, a change of -1.0%.

How much debt does SpartanNash have?

SpartanNash's total liabilities were at $1.86 billion at the end of 2024, a 17.8% increase from 2023, and a 20.7% increase since 2022.

How much cash does SpartanNash have?

In the past 2 years, SpartanNash's cash and equivalents has ranged from $17.96 million in 2023 to $29.09 million in 2022, and is currently $21.57 million as of their latest financial filing in 2024.

How has SpartanNash's book value per share changed over the last 2 years?

Over the last 2 years, SpartanNash's book value per share changed from 21.72 in 2022 to 22.03 in 2024, a change of 1.4%.

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This page (NASDAQ:SPTN) was last updated on 4/15/2025 by MarketBeat.com Staff

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SpartanNash (SPTN) Financials

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