SpartanNash (SPTN) Financials

$26.57 +0.02 (+0.08%)

Closing price 07/11/2025 04:00 PM Eastern

Extended Trading

$26.54 -0.02 (-0.09%)

As of 07:00 AM 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	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	1/3/2015	1/2/2016	12/31/2016	12/30/2017	12/29/2018	12/28/2019	1/2/2021	1/1/2022	12/31/2022	12/30/2023	12/28/2024
Net Income / (Loss) Attributable to Common Shareholders	59	63	57	-53	32	5.74	76	74	35	52	0.30
Consolidated Net Income / (Loss)	59	63	57	-53	34	5.74	76	74	35	52	0.30
Net Income / (Loss) Continuing Operations	59	63	57	-53	34	5.92	76	74	35	52	0.30
Total Pre-Tax Income	90	100	90	-132	41	3.58	85	99	47	70	11
Total Operating Income	115	123	109	-107	71	57	102	112	69	107	54
Total Gross Profit	1,156	1,116	1,111	1,145	1,110	1,244	1,425	1,404	1,497	1,486	1,512
Total Revenue	7,916	7,652	7,561	7,964	8,065	8,536	9,348	8,931	9,643	9,729	9,549
Operating Revenue	7,916	7,652	7,561	7,964	8,065	8,536	9,348	8,931	9,643	9,729	9,549
Total Cost of Revenue	6,760	6,536	6,450	6,819	6,954	7,292	7,924	7,527	8,146	8,244	8,037
Operating Cost of Revenue	6,760	6,536	6,450	6,819	6,954	7,292	7,924	7,527	8,146	8,244	8,037
Total Operating Expenses	1,041	993	1,002	1,252	1,040	1,187	1,323	1,292	1,429	1,379	1,459
Selling, General & Admin Expense	1,022	976	963	1,015	997	1,172	1,298	1,309	1,428	1,366	1,381
Impairment Charge	-	8.80	-	189	-	-	-	-	0.00	0.00	46
Restructuring Charge	19	8.43	39	48	42	14	25	3.59	1.15	13	32
Total Other Income / (Expense), net	-24	-23	-19	-25	-31	-53	-17	-14	-22	-37	-43
Interest Expense	24	23	19	26	30	35	18	14	23	40	45
Other Income / (Expense), net	0.02	0.38	0.11	0.79	0.67	-18	1.38	0.31	1.16	3.30	1.89
Income Tax Expense	31	37	33	-79	6.91	-2.34	9.45	25	12	18	11
Basic Earnings per Share	$1.56	$1.67	$1.52	($1.41)	$0.93	$0.16	$2.12	$2.07	$0.98	$1.53	$0.01
Weighted Average Basic Shares Outstanding	37.00M	36.96M	36.82M	36.77M	35.22M	36.35M	35.86M	35.64M	35.28M	34.21M	33.79M
Diluted Earnings per Share	$1.55	$1.66	$1.51	($1.41)	$0.93	$0.16	$2.12	$2.05	$0.95	$1.50	$0.01
Weighted Average Diluted Shares Outstanding	37.00M	36.96M	36.82M	36.77M	35.22M	36.35M	35.86M	35.94M	36.31M	34.90M	34.21M
Weighted Average Basic & Diluted Shares Outstanding	37.00M	36.96M	36.82M	36.77M	35.22M	36.35M	36.14M	35.92M	35.06M	34.62M	33.76M
Cash Dividends to Common per Share	$0.48	$0.54	$0.60	$0.66	$0.72	$0.76	$0.77	$0.80	$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	Q1 2025
Period end date	10/8/2022	12/31/2022	4/22/2023	7/15/2023	10/7/2023	12/30/2023	4/20/2024	7/13/2024	10/5/2024	12/28/2024	4/19/2025
Net Income / (Loss) Attributable to Common Shareholders	9.46	0.65	11	19	11	10	13	11	11	-35	2.08
Consolidated Net Income / (Loss)	9.46	0.65	11	19	11	10	13	11	11	-35	2.08
Net Income / (Loss) Continuing Operations	9.46	0.65	11	19	11	10	13	11	11	-35	2.08
Total Pre-Tax Income	14	1.52	14	27	15	15	18	16	15	-39	4.00
Total Operating Income	19	8.77	24	36	23	24	31	26	25	-28	19
Total Gross Profit	351	341	447	352	348	339	440	353	355	365	481
Total Revenue	2,297	2,309	2,907	2,312	2,264	2,245	2,806	2,231	2,251	2,262	2,910
Operating Revenue	2,297	2,309	2,907	2,312	2,264	2,245	2,806	2,231	2,251	2,262	2,910
Total Cost of Revenue	1,945	1,968	2,461	1,960	1,917	1,906	2,366	1,878	1,896	1,897	2,428
Operating Cost of Revenue	1,945	1,968	2,461	1,960	1,917	1,906	2,366	1,878	1,896	1,897	2,428
Total Operating Expenses	332	333	422	317	324	315	410	327	330	392	463
Selling, General & Admin Expense	333	333	418	319	323	306	404	318	324	335	459
Restructuring Charge	-1.46	-0.69	4.16	-2.20	1.67	8.98	6.10	8.72	5.67	11	3.47
Total Other Income / (Expense), net	-5.28	-7.25	-11	-8.66	-8.49	-8.88	-12	-9.99	-9.70	-11	-15
Interest Expense	6.05	8.03	12	9.35	9.28	9.67	13	11	9.92	11	15
Other Income / (Expense), net	0.77	0.78	1.04	0.69	0.79	0.79	1.05	0.55	0.22	0.08	0.25
Income Tax Expense	4.55	0.87	2.43	7.65	3.45	4.36	5.21	4.65	4.30	-3.43	1.92
Basic Earnings per Share	$0.27	$0.03	$0.33	$0.57	$0.33	$0.30	$0.38	$0.34	$0.33	($1.04)	$0.06
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	33.73M
Diluted Earnings per Share	$0.26	$0.02	$0.32	$0.56	$0.32	$0.30	$0.37	$0.34	$0.32	($1.02)	$0.06
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	34.08M
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	33.85M
Cash Dividends to Common per Share	$0.21	-	$0.22	$0.22	$0.22	-	$0.22	$0.22	$0.22	-	$0.22

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	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	1/3/2015	1/2/2016	12/31/2016	12/30/2017	12/29/2018	12/28/2019	1/2/2021	1/1/2022	12/31/2022	12/30/2023	12/28/2024
Net Change in Cash & Equivalents	-2.77	16	1.63	-8.68	2.92	5.59	-4.27	-9.24	18	-11	3.61
Net Cash From Operating Activities	139	224	157	53	172	180	307	161	110	89	206
Net Cash From Continuing Operating Activities	139	224	157	53	172	180	300	161	110	89	206
Net Income / (Loss) Continuing Operations	59	63	57	-53	34	5.92	76	74	35	52	0.30
Consolidated Net Income / (Loss)	59	63	57	-53	34	5.74	76	74	35	52	0.30
Depreciation Expense	88	85	79	84	83	88	90	93	94	99	103
Non-Cash Adjustments To Reconcile Net Income	20	17	40	240	47	39	30	27	64	34	84
Changes in Operating Assets and Liabilities, net	-29	59	-19	-219	7.87	47	104	-32	-82	-95	18
Net Cash From Investing Activities	-82	-95	-68	-315	-64	-143	-57	-48	-101	-117	-247
Net Cash From Continuing Investing Activities	-82	-95	-68	-315	-64	-143	-57	-48	-101	-117	-247
Purchase of Property, Plant & Equipment	-90	-79	-73	-71	-71	-75	-67	-79	-97	-120	-132
Acquisitions	-	-42	-	-227	0.00	-87	0.00	0.00	-41	-0.78	-118
Sale of Property, Plant & Equipment	11	21	5.99	4.02	6.90	19	9.20	29	37	4.33	7.92
Other Investing Activities, net	-2.68	4.68	-0.79	-22	0.44	-0.46	0.88	2.07	0.94	0.26	-4.61
Net Cash From Financing Activities	-60	-112	-87	254	-104	-31	-254	-122	9.02	16	45
Net Cash From Continuing Financing Activities	-60	-112	-87	254	-104	-31	-254	-122	9.02	16	45
Repayment of Debt	-1,101	-1,173	-1,397	-1,148	-1,134	-1,247	-1,591	-1,461	-1,389	-1,291	-1,293
Repurchase of Common Equity	-4.99	-9.00	-9.00	-35	-20	0.00	-10	-5.33	-32	-19	-15
Payment of Dividends	-18	-20	-22	-25	-26	-21	-35	-28	-30	-30	-30
Issuance of Debt	1,062	1,090	1,341	1,462	1,077	1,223	1,384	1,374	1,469	1,361	1,387
Other Financing Activities, net	1.82	0.94	0.29	0.00	-1.63	13	-2.09	-2.51	-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	Q1 2025
Period end date	10/8/2022	12/31/2022	4/22/2023	7/15/2023	10/7/2023	12/30/2023	4/20/2024	7/13/2024	10/5/2024	12/28/2024	4/19/2025
Net Change in Cash & Equivalents	-2.25	10	-12	-0.06	0.64	0.41	1.00	6.27	-7.73	4.06	-1.60
Net Cash From Operating Activities	-21	103	-2.71	52	46	-6.35	36	96	-8.84	83	26
Net Cash From Continuing Operating Activities	-21	103	-2.71	52	46	-6.35	36	96	-8.84	83	26
Net Income / (Loss) Continuing Operations	9.46	0.65	11	19	11	10	13	11	11	-35	2.08
Consolidated Net Income / (Loss)	9.46	0.65	11	19	11	10	13	11	11	-35	2.08
Depreciation Expense	22	22	30	22	23	23	31	23	24	25	37
Non-Cash Adjustments To Reconcile Net Income	14	14	19	3.87	7.51	3.06	10	8.66	7.44	58	6.56
Changes in Operating Assets and Liabilities, net	-66	66	-63	6.57	4.34	-43	-18	52	-51	35	-20
Net Cash From Investing Activities	4.75	-55	-39	-18	-25	-35	-38	-41	-31	-136	-37
Net Cash From Continuing Investing Activities	4.75	-55	-39	-18	-25	-35	-38	-41	-31	-136	-37
Purchase of Property, Plant & Equipment	-20	-31	-39	-22	-25	-34	-40	-27	-31	-35	-32
Sale of Property, Plant & Equipment	25	7.84	0.13	3.87	0.06	0.28	1.75	0.15	0.16	5.86	0.25
Other Investing Activities, net	0.04	0.18	-0.54	1.09	0.38	-0.67	0.31	0.27	-1.05	-4.14	-5.62
Net Cash From Financing Activities	14	-38	30	-35	-20	41	2.65	-48	32	58	9.53
Net Cash From Continuing Financing Activities	14	-38	30	-35	-20	41	2.65	-48	32	58	9.53
Repayment of Debt	-299	-429	-407	-341	-276	-267	-396	-331	-256	-310	-407
Repurchase of Common Equity	-17	-9.21	-11	-7.62	-	-	-2.62	-12	-	0.05	0.00
Payment of Dividends	-7.29	-7.25	-7.82	-7.30	-7.26	-7.28	-8.09	-7.27	-7.28	-7.27	-8.04
Issuance of Debt	337	411	460	321	263	316	412	303	296	375	428
Other Financing Activities, net	-0.16	-3.66	-4.55	-0.16	-0.07	-0.42	-3.29	-0.08	-0.59	-0.64	-3.39

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	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	1/3/2015	1/2/2016	12/31/2016	12/30/2017	12/29/2018	12/28/2019	1/2/2021	1/1/2022	12/31/2022	12/30/2023	12/28/2024
Total Assets	1,932	1,917	1,930	2,056	1,972	2,276	2,277	2,207	2,307	2,356	2,602
Total Current Assets	913	884	893	1,004	1,001	997	1,015	957	1,066	1,077	1,092
Cash & Equivalents	6.44	23	24	16	19	24	20	11	29	18	22
Note & Lease Receivable	283	317	292	344	346	345	358	362	404	422	449
Inventories, net	577	521	540	597	554	537	542	522	571	575	546
Prepaid Expenses	32	23	37	47	74	59	72	63	62	62	75
Plant, Property, & Equipment, net	597	584	560	600	579	616	577	577	610	649	780
Total Noncurrent Assets	422	450	477	451	392	663	686	672	630	629	731
Goodwill	297	323	323	179	179	181	181	181	182	182	181
Intangible Assets	-	-	60	134	129	130	116	111	106	102	118
Other Noncurrent Operating Assets	124	127	94	138	84	352	388	380	341	345	432
Total Liabilities & Shareholders' Equity	1,932	1,917	1,930	2,056	1,972	2,276	2,277	2,207	2,307	2,356	2,602
Total Liabilities	1,185	1,126	1,105	1,334	1,256	1,588	1,542	1,424	1,540	1,577	1,859
Total Current Liabilities	458	487	506	495	476	565	690	656	705	660	695
Short-Term Debt	20	19	17	9.20	18	6.35	5.14	6.33	6.79	8.81	13
Accounts Payable	320	354	372	377	358	405	465	447	487	473	485
Accrued Expenses	45	43	41	43	43	51	60	68	62	58	62
Current Employee Benefit Liabilities	73	72	75	65	57	60	114	86	103	78	86
Other Current Liabilities	-	-	-	-	-	42	46	48	45	42	50
Total Noncurrent Liabilities	727	639	599	839	780	1,023	853	768	836	917	1,164
Noncurrent Deferred & Payable Income Tax Liabilities	114	117	123	42	49	43	46	64	66	74	91
Other Noncurrent Operating Liabilities	39	39	46	41	730	980	807	704	769	844	1,073
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	747	791	825	722	716	688	735	783	766	778	743
Total Preferred & Common Equity	747	791	825	722	716	688	735	783	766	778	743
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	747	791	825	722	716	688	735	783	766	778	743
Common Stock	521	522	522	497	484	490	492	494	468	460	455
Retained Earnings	238	281	315	240	248	199	246	291	295	317	287
Accumulated Other Comprehensive Income / (Loss)	-12	-11	-11	-15	-16	-1.60	-2.28	-1.46	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	Q2 2022	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	7/16/2022	10/8/2022	4/22/2023	7/15/2023	10/7/2023	4/20/2024	7/13/2024	10/5/2024	4/19/2025
Total Assets	2,322	2,341	2,296	2,327	2,334	2,342	2,366	2,467	2,581
Total Current Assets	1,122	1,146	1,069	1,085	1,088	1,066	1,045	1,140	1,099
Cash & Equivalents	21	19	17	17	18	19	25	18	20
Note & Lease Receivable	411	430	411	426	427	422	427	490	465
Inventories, net	592	624	566	577	580	555	528	558	527
Prepaid Expenses	72	70	75	65	64	70	65	74	86
Plant, Property, & Equipment, net	558	558	604	609	616	648	663	669	766
Total Noncurrent Assets	643	637	623	632	629	628	659	659	716
Goodwill	182	182	182	182	182	182	190	190	181
Intangible Assets	108	107	105	104	103	100	103	102	117
Other Noncurrent Operating Assets	352	347	336	346	345	346	366	367	418
Total Liabilities & Shareholders' Equity	2,322	2,341	2,296	2,327	2,334	2,342	2,366	2,467	2,581
Total Liabilities	1,529	1,561	1,537	1,559	1,557	1,557	1,590	1,686	1,841
Total Current Liabilities	704	703	634	671	682	608	643	702	663
Short-Term Debt	6.30	6.76	7.61	7.64	8.41	9.72	9.75	9.75	15
Accounts Payable	504	493	471	500	506	447	467	514	491
Accrued Expenses	60	53	57	58	53	55	64	65	56
Current Employee Benefit Liabilities	88	104	55	61	72	54	61	71	53
Other Current Liabilities	46	46	44	43	43	42	42	42	47
Total Noncurrent Liabilities	824	858	903	888	874	949	946	984	1,178
Noncurrent Deferred & Payable Income Tax Liabilities	74	71	81	78	78	81	81	86	101
Other Noncurrent Operating Liabilities	750	788	822	810	796	867	865	899	1,078
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	794	780	759	768	777	785	776	781	740
Total Preferred & Common Equity	794	780	759	768	777	785	776	781	740
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	794	780	759	768	777	785	776	781	740
Common Stock	490	475	459	455	458	459	449	452	458
Retained Earnings	300	302	299	311	314	322	326	330	282
Accumulated Other Comprehensive Income / (Loss)	4.05	3.53	1.42	2.92	5.16	3.65	1.01	-0.33	-0.52

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

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	1/3/2015	1/2/2016	12/31/2016	12/30/2017	12/29/2018	12/28/2019	1/2/2021	1/1/2022	12/31/2022	12/30/2023	12/28/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	-3.34%	-1.19%	5.33%	1.27%	5.85%	9.52%	-4.47%	7.97%	0.89%	-1.85%
EBITDA Growth	0.00%	2.37%	-9.45%	-111.41%	816.50%	-17.65%	52.66%	5.97%	-20.14%	27.31%	-23.67%
EBIT Growth	0.00%	7.30%	-11.32%	-196.89%	167.22%	-45.98%	169.90%	8.41%	-38.04%	57.82%	-49.23%
NOPAT Growth	0.00%	3.13%	-10.55%	-207.84%	178.40%	60.98%	-3.37%	-7.90%	-39.87%	57.62%	-98.16%
Net Income Growth	0.00%	7.02%	-9.38%	-192.99%	163.53%	-82.90%	1,222.08%	-2.85%	-53.20%	51.33%	-99.43%
EPS Growth	0.00%	7.10%	-9.04%	-193.38%	165.96%	-82.80%	1,225.00%	-3.30%	-53.66%	57.89%	-99.33%
Operating Cash Flow Growth	0.00%	60.72%	-29.68%	-66.38%	224.85%	4.97%	70.22%	-47.46%	-31.53%	-19.05%	130.48%
Free Cash Flow Firm Growth	0.00%	0.00%	-21.94%	-423.65%	369.92%	-79.86%	-79.99%	-92.75%	3,509.97%	-36.35%	-34.10%
Invested Capital Growth	0.00%	-3.17%	-1.85%	18.24%	-51.45%	-9.68%	9.16%	11.69%	-4.47%	3.40%	-4.46%
Revenue Q/Q Growth	0.00%	-2.48%	-1.48%	2.99%	0.14%	1.20%	2.74%	-1.69%	2.29%	-0.65%	0.17%
EBITDA Q/Q Growth	0.00%	5.52%	-4.39%	-41.74%	-16.57%	106.84%	-14.76%	10.53%	-13.98%	8.46%	-23.92%
EBIT Q/Q Growth	0.00%	11.16%	-7.18%	-5.59%	-30.32%	157.98%	6.07%	20.32%	-27.99%	15.53%	-48.19%
NOPAT Q/Q Growth	0.00%	6.43%	-6.93%	-6.23%	-49.02%	301.92%	4.01%	12.75%	-26.86%	15.70%	-98.05%
Net Income Q/Q Growth	0.00%	8.40%	-6.40%	29.17%	-59.15%	141.94%	9.63%	15.96%	-38.48%	22.67%	-99.35%
EPS Q/Q Growth	0.00%	8.50%	-6.21%	30.20%	-59.03%	142.11%	9.28%	16.48%	-38.71%	22.95%	-99.25%
Operating Cash Flow Q/Q Growth	0.00%	47.48%	-10.07%	-64.20%	38.63%	13.75%	11.64%	-28.96%	347.56%	-55.02%	76.11%
Free Cash Flow Firm Q/Q Growth	100.00%	190.08%	-11.79%	-98.87%	1,078.99%	-78.72%	-57.47%	-69.47%	66.88%	-16.67%	-48.54%
Invested Capital Q/Q Growth	1.08%	-4.50%	-4.04%	6.78%	-49.86%	-4.55%	2.51%	4.28%	-2.71%	0.12%	-5.01%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	14.60%	14.58%	14.70%	14.38%	13.77%	14.57%	15.24%	15.72%	15.53%	15.27%	15.84%
EBITDA Margin	2.57%	2.72%	2.49%	-0.27%	1.91%	1.49%	2.07%	2.30%	1.70%	2.14%	1.67%
Operating Margin	1.45%	1.61%	1.44%	-1.34%	0.87%	0.67%	1.10%	1.26%	0.71%	1.10%	0.57%
EBIT Margin	1.45%	1.61%	1.45%	-1.33%	0.88%	0.45%	1.11%	1.26%	0.72%	1.13%	0.58%
Profit (Net Income) Margin	0.74%	0.82%	0.75%	-0.66%	0.42%	0.07%	0.81%	0.83%	0.36%	0.54%	0.00%
Tax Burden Percent	64.78%	62.55%	63.17%	40.14%	82.49%	160.62%	88.93%	74.76%	73.58%	74.49%	2.71%
Interest Burden Percent	78.75%	81.35%	82.31%	124.32%	57.18%	9.30%	82.25%	87.69%	67.30%	63.74%	19.74%
Effective Tax Rate	34.64%	37.00%	36.58%	0.00%	16.97%	-65.51%	11.07%	25.25%	26.42%	25.51%	97.29%
Return on Invested Capital (ROIC)	5.79%	6.07%	5.57%	-5.56%	5.41%	14.01%	13.64%	11.37%	6.63%	10.51%	0.19%
ROIC Less NNEP Spread (ROIC-NNEP)	2.79%	3.17%	2.72%	-1.73%	-1.47%	319.18%	48.46%	59.17%	126.15%	183.84%	13.22%
Return on Net Nonoperating Assets (RNNOA)	2.05%	2.08%	1.46%	-1.27%	-0.74%	-13.19%	-2.97%	-1.65%	-2.17%	-3.74%	-0.16%
Return on Equity (ROE)	7.84%	8.15%	7.03%	-6.83%	4.67%	0.82%	10.67%	9.72%	4.46%	6.77%	0.04%
Cash Return on Invested Capital (CROIC)	0.00%	9.29%	7.44%	-22.27%	74.69%	24.19%	4.88%	0.32%	11.19%	7.17%	4.75%
Operating Return on Assets (OROA)	5.87%	6.40%	5.68%	-5.31%	3.53%	1.81%	4.56%	5.02%	3.09%	4.72%	2.25%
Return on Assets (ROA)	2.99%	3.26%	2.95%	-2.65%	1.67%	0.27%	3.33%	3.29%	1.53%	2.24%	0.01%
Return on Common Equity (ROCE)	7.84%	8.15%	7.03%	-6.83%	4.67%	0.82%	10.67%	9.72%	4.46%	6.77%	0.04%
Return on Equity Simple (ROE_SIMPLE)	7.84%	7.93%	6.88%	-7.32%	4.69%	0.84%	10.33%	9.42%	4.51%	6.71%	0.04%
Net Operating Profit after Tax (NOPAT)	75	77	69	-75	59	94	91	84	50	79	1.46
NOPAT Margin	0.95%	1.01%	0.92%	-0.94%	0.73%	1.10%	0.97%	0.94%	0.52%	0.82%	0.02%
Net Nonoperating Expense Percent (NNEP)	3.00%	2.90%	2.85%	-3.83%	6.89%	-305.17%	-34.82%	-47.80%	-119.52%	-173.33%	-13.02%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	6.53%	10.10%	0.19%
Cost of Revenue to Revenue	85.40%	85.42%	85.30%	85.62%	86.23%	85.43%	84.76%	84.28%	84.47%	84.73%	84.16%
SG&A Expenses to Revenue	12.92%	12.75%	12.74%	12.75%	12.37%	13.73%	13.88%	14.66%	14.81%	14.04%	14.47%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	13.15%	12.97%	13.26%	15.72%	12.89%	13.90%	14.15%	14.46%	14.82%	14.17%	15.27%
Earnings before Interest and Taxes (EBIT)	115	123	109	-106	71	38	104	113	70	110	56
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	203	208	188	-21	154	127	194	205	164	209	159
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.93	0.76	1.35	1.05	0.68	0.63	0.75	1.08	1.28	0.98	0.83
Price to Tangible Book Value (P/TBV)	1.55	1.28	2.51	1.85	1.18	1.15	1.26	1.73	2.06	1.54	1.38
Price to Revenue (P/Rev)	0.09	0.08	0.15	0.10	0.06	0.05	0.06	0.09	0.10	0.08	0.06
Price to Earnings (P/E)	11.92	9.55	19.57	0.00	14.99	75.33	7.26	11.50	28.46	14.55	2,055.78
Dividend Yield	2.58%	4.14%	2.02%	3.22%	5.35%	6.39%	5.01%	3.39%	3.02%	3.92%	4.78%
Earnings Yield	8.39%	10.47%	5.11%	0.00%	6.67%	1.33%	13.77%	8.70%	3.51%	6.87%	0.05%
Enterprise Value to Invested Capital (EV/IC)	0.97	0.85	1.23	1.02	0.68	0.65	0.77	1.08	1.29	0.98	0.82
Enterprise Value to Revenue (EV/Rev)	0.16	0.14	0.20	0.19	0.06	0.05	0.06	0.09	0.10	0.08	0.06
Enterprise Value to EBITDA (EV/EBITDA)	6.21	5.11	8.06	0.00	3.14	3.27	2.77	4.11	5.86	3.60	3.80
Enterprise Value to EBIT (EV/EBIT)	10.99	8.62	13.90	0.00	6.79	10.79	5.17	7.50	13.77	6.83	10.85
Enterprise Value to NOPAT (EV/NOPAT)	16.81	13.73	21.93	0.00	8.25	4.40	5.89	10.06	19.04	9.45	414.06
Enterprise Value to Operating Cash Flow (EV/OCF)	9.08	4.75	9.66	28.24	2.81	2.30	1.75	5.23	8.70	8.41	2.94
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	8.97	16.42	0.00	0.60	2.55	16.48	357.45	11.27	13.85	16.96
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.76	0.62	0.52	1.04	0.03	0.01	0.01	0.01	0.01	0.01	0.02
Long-Term Debt to Equity	0.74	0.59	0.50	1.03	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	0.73	0.66	0.54	0.74	0.50	-0.04	-0.06	-0.03	-0.02	-0.02	-0.01
Leverage Ratio	2.69	2.50	2.38	2.58	2.80	3.03	3.20	2.95	2.91	3.02	3.26
Compound Leverage Factor	2.12	2.04	1.96	3.20	1.60	0.28	2.63	2.59	1.96	1.92	0.64
Debt to Total Capital	43.28%	38.10%	34.31%	50.95%	2.49%	0.92%	0.69%	0.80%	0.88%	1.12%	1.70%
Short-Term Debt to Total Capital	1.50%	1.49%	1.39%	0.62%	2.49%	0.92%	0.69%	0.80%	0.88%	1.12%	1.70%
Long-Term Debt to Total Capital	41.78%	36.62%	32.92%	50.33%	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%	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%	0.00%
Common Equity to Total Capital	56.72%	61.90%	65.69%	49.05%	97.51%	99.09%	99.31%	99.20%	99.12%	98.88%	98.30%
Debt to EBITDA	2.80	2.34	2.29	-34.88	0.12	0.05	0.03	0.03	0.04	0.04	0.08
Net Debt to EBITDA	2.77	2.23	2.16	-34.16	0.00	-0.14	-0.08	-0.02	-0.14	-0.04	-0.05
Long-Term Debt to EBITDA	2.71	2.25	2.19	-34.46	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	7.60	6.29	6.23	-10.04	0.31	0.07	0.06	0.08	0.13	0.11	8.77
Net Debt to NOPAT	7.51	5.99	5.87	-9.83	-0.01	-0.19	-0.16	-0.05	-0.44	-0.12	-5.97
Long-Term Debt to NOPAT	7.33	6.04	5.97	-9.92	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	5.10	4.98	5.18	4.51	4.93	4.32	4.79	4.92	5.03	4.97	4.28
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.00	1.81	1.77	2.03	2.10	1.76	1.47	1.46	1.51	1.63	1.57
Quick Ratio	0.63	0.70	0.62	0.73	0.77	0.65	0.55	0.57	0.61	0.67	0.68
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	118	92	-299	808	163	33	2.36	85	54	36
Operating Cash Flow to CapEx	176.03%	382.31%	233.08%	79.01%	265.75%	321.46%	527.94%	321.98%	182.53%	77.01%	165.39%
Free Cash Flow to Firm to Interest Expense	0.00	5.15	4.78	-11.62	26.50	4.67	1.77	0.17	3.74	1.36	0.80
Operating Cash Flow to Interest Expense	5.70	9.72	8.13	2.05	5.63	5.17	16.65	11.63	4.84	2.24	4.59
Operating Cash Flow Less CapEx to Interest Expense	2.46	7.18	4.64	-0.55	3.51	3.56	13.50	8.02	2.19	-0.67	1.82
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	4.04	3.98	3.93	4.00	4.00	4.02	4.11	3.98	4.27	4.17	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	0.00
Inventory Turnover	11.59	11.90	12.16	11.99	12.08	13.37	14.69	14.15	14.90	14.38	14.33
Fixed Asset Turnover	12.92	12.96	13.23	13.73	13.68	14.29	15.67	15.47	16.24	15.45	13.36
Accounts Payable Turnover	19.72	19.40	17.76	18.20	18.93	19.11	18.21	16.50	17.43	17.16	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	0.00
Days Inventory Outstanding (DIO)	31.50	30.67	30.02	30.43	30.21	27.30	24.85	25.80	24.50	25.38	25.47
Days Payable Outstanding (DPO)	18.51	18.81	20.55	20.06	19.28	19.10	20.04	22.12	20.94	21.27	21.76
Cash Conversion Cycle (CCC)	12.99	11.86	9.48	10.37	10.92	8.20	4.81	3.68	3.56	4.11	3.70
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,296	1,255	1,232	1,456	707	639	697	779	744	769	735
Invested Capital Turnover	6.11	6.00	6.08	5.93	7.46	12.69	14.00	12.11	12.67	12.86	12.70
Increase / (Decrease) in Invested Capital	0.00	-41	-23	225	-749	-68	59	82	-35	25	-34
Enterprise Value (EV)	1,262	1,063	1,519	1,492	483	415	536	844	960	751	606
Market Capitalization	698	599	1,112	758	483	433	551	848	982	760	615
Book Value per Share	$19.93	$21.03	$22.02	$19.53	$19.92	$18.92	$20.50	$21.78	$21.72	$22.48	$22.03
Tangible Book Value per Share	$12.00	$12.45	$11.81	$11.06	$11.36	$10.35	$12.21	$13.66	$13.54	$14.28	$13.17
Total Capital	1,318	1,278	1,257	1,472	734	694	740	789	773	787	756
Total Debt	570	487	431	750	18	6.35	5.14	6.33	6.79	8.81	13
Total Long-Term Debt	551	468	414	741	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	564	464	407	734	-0.32	-18	-15	-4.33	-22	-9.15	-8.73
Capital Expenditures (CapEx)	79	58	67	67	65	56	58	50	60	116	124
Debt-free, Cash-free Net Working Capital (DFCFNWC)	469	393	381	503	524	414	310	297	339	408	388
Debt-free Net Working Capital (DFNWC)	475	415	405	519	543	438	330	308	368	426	409
Net Working Capital (NWC)	456	396	388	510	525	432	325	301	361	418	397
Net Nonoperating Expense (NNE)	16	15	12	-22	25	89	15	10	16	27	1.16
Net Nonoperating Obligations (NNO)	549	464	406	734	-8.98	-49	-38	-4.33	-22	-9.15	-8.73
Total Depreciation and Amortization (D&A)	88	85	79	84	83	88	90	93	94	99	103
Debt-free, Cash-free Net Working Capital to Revenue	5.92%	5.13%	5.03%	6.32%	6.50%	4.85%	3.32%	3.33%	3.52%	4.20%	4.06%
Debt-free Net Working Capital to Revenue	6.01%	5.43%	5.36%	6.52%	6.73%	5.13%	3.53%	3.45%	3.82%	4.38%	4.29%
Net Working Capital to Revenue	5.76%	5.18%	5.13%	6.40%	6.51%	5.06%	3.48%	3.37%	3.75%	4.29%	4.15%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.56	$1.67	$1.52	($1.41)	$0.93	$0.16	$2.12	$2.07	$0.98	$1.53	$0.01
Adjusted Weighted Average Basic Shares Outstanding	37.82M	37.29M	37.52M	36.05M	35.95M	36.35M	36.14M	35.92M	35.28M	34.21M	33.79M
Adjusted Diluted Earnings per Share	$1.55	$1.66	$1.51	($1.41)	$0.93	$0.16	$2.12	$2.05	$0.95	$1.50	$0.01
Adjusted Weighted Average Diluted Shares Outstanding	37.82M	37.29M	37.52M	36.05M	35.95M	36.35M	36.14M	35.92M	36.31M	34.90M	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	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	37.82M	37.29M	37.52M	36.05M	35.95M	36.35M	36.14M	35.92M	35.06M	34.62M	33.76M
Normalized Net Operating Profit after Tax (NOPAT)	87	88	94	91	94	50	113	87	51	89	92
Normalized NOPAT Margin	1.10%	1.15%	1.24%	1.14%	1.16%	0.59%	1.21%	0.97%	0.53%	0.91%	0.96%
Pre Tax Income Margin	1.14%	1.31%	1.19%	-1.65%	0.50%	0.04%	0.91%	1.10%	0.49%	0.72%	0.12%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.70	5.36	5.65	-4.11	2.34	1.10	5.63	8.12	3.06	2.76	1.25
NOPAT to Interest Expense	3.07	3.37	3.58	-2.90	1.92	2.70	4.94	6.06	2.21	1.99	0.03
EBIT Less CapEx to Interest Expense	1.47	2.82	2.17	-6.71	0.22	-0.50	2.48	4.51	0.41	-0.15	-1.53
NOPAT Less CapEx to Interest Expense	-0.16	0.82	0.09	-5.50	-0.20	1.10	1.79	2.44	-0.44	-0.92	-2.74
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	30.87%	32.37%	39.59%	-46.75%	77.22%	360.66%	45.46%	38.41%	86.07%	56.78%	10,003.01%
Augmented Payout Ratio	39.38%	46.72%	55.42%	-112.97%	136.79%	360.66%	58.63%	45.63%	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	Q1 2025
Period end date	10/8/2022	12/31/2022	4/22/2023	7/15/2023	10/7/2023	12/30/2023	4/20/2024	7/13/2024	10/5/2024	12/28/2024	4/19/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	10.77%	10.30%	5.20%	1.69%	-1.40%	-2.77%	-3.48%	-3.53%	-0.60%	0.73%	3.68%
EBITDA Growth	-5.86%	-45.86%	-3.06%	74.88%	11.93%	51.75%	13.09%	-15.12%	5.11%	-104.94%	-10.04%
EBIT Growth	-11.78%	-73.95%	-10.62%	210.95%	18.88%	154.95%	24.90%	-26.86%	5.36%	-213.53%	-39.33%
NOPAT Growth	-25.48%	-84.61%	-10.81%	193.31%	35.14%	340.49%	9.09%	-27.58%	1.52%	-217.20%	-54.87%
Net Income Growth	-37.64%	-97.08%	-41.23%	280.61%	17.57%	1,485.38%	14.41%	-40.99%	-1.86%	-440.43%	-83.96%
EPS Growth	-38.10%	-96.77%	-39.62%	300.00%	23.08%	1,400.00%	15.63%	-39.29%	0.00%	-440.00%	-83.78%
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%	-29.17%
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%	1,376.88%
Invested Capital Growth	2.40%	-4.47%	-4.42%	0.72%	0.47%	3.40%	3.45%	0.23%	0.71%	-4.46%	-5.33%
Revenue Q/Q Growth	0.99%	0.55%	25.91%	-20.47%	-2.08%	-0.84%	24.99%	-20.51%	0.89%	0.49%	28.65%
EBITDA Q/Q Growth	24.35%	-24.94%	75.19%	6.96%	-20.41%	1.76%	30.56%	-19.73%	-1.45%	-104.78%	2,477.23%
EBIT Q/Q Growth	71.10%	-52.44%	165.63%	43.86%	-34.59%	1.99%	30.13%	-15.75%	-5.78%	-209.90%	169.55%
NOPAT Q/Q Growth	48.80%	-71.18%	433.21%	28.26%	-31.44%	-6.05%	32.05%	-14.85%	-3.89%	-208.45%	150.85%
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%	105.93%
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%	105.88%
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%	-68.74%
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%	244.09%
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%	-0.02%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	15.29%	14.79%	15.36%	15.24%	15.35%	15.10%	15.69%	15.82%	15.76%	16.12%	16.55%
EBITDA Margin	1.82%	1.36%	1.90%	2.55%	2.07%	2.13%	2.22%	2.24%	2.19%	-0.10%	1.93%
Operating Margin	0.84%	0.38%	0.84%	1.55%	1.02%	1.05%	1.09%	1.17%	1.11%	-1.22%	0.65%
EBIT Margin	0.87%	0.41%	0.87%	1.58%	1.05%	1.08%	1.13%	1.20%	1.12%	-1.22%	0.66%
Profit (Net Income) Margin	0.41%	0.03%	0.39%	0.84%	0.49%	0.46%	0.46%	0.52%	0.49%	-1.55%	0.07%
Tax Burden Percent	67.52%	42.85%	82.37%	71.78%	76.33%	70.28%	71.36%	71.21%	71.75%	91.10%	52.00%
Interest Burden Percent	69.85%	15.89%	54.29%	74.37%	61.10%	60.26%	57.41%	60.49%	60.55%	139.40%	20.82%
Effective Tax Rate	32.48%	57.15%	17.63%	28.22%	23.67%	29.72%	28.64%	28.79%	28.25%	0.00%	48.00%
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%	4.33%
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%	114.13%
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%	-1.06%
Return on Equity (ROE)	6.46%	1.62%	7.55%	13.18%	8.95%	8.48%	8.56%	9.39%	8.82%	-12.82%	3.27%
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%	9.40%
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%	2.59%
Return on Assets (ROA)	1.70%	0.12%	1.67%	3.56%	2.06%	1.92%	1.92%	2.10%	1.93%	-5.98%	0.28%
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%	3.27%
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%	-1.43%
Net Operating Profit after Tax (NOPAT)	13	3.76	20	26	18	17	22	19	18	-19	9.86
NOPAT Margin	0.57%	0.16%	0.69%	1.11%	0.78%	0.74%	0.78%	0.83%	0.79%	-0.86%	0.34%
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%	-109.80%
Return On Investment Capital (ROIC_SIMPLE)	-	0.49%	-	-	-	2.10%	-	-	-	-2.56%	1.31%
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%	83.45%
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%	15.78%
R&D to Revenue	0.00%	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%	15.90%
Earnings before Interest and Taxes (EBIT)	20	9.54	25	36	24	24	32	27	25	-28	19
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	42	31	55	59	47	48	62	50	49	-2.36	56
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	0.90
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	1.51
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	0.07
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	0.00
Dividend Yield	2.93%	3.02%	3.60%	4.14%	3.88%	3.92%	4.44%	4.63%	4.07%	4.78%	4.41%
Earnings Yield	5.55%	3.51%	3.23%	5.73%	5.59%	6.87%	8.00%	7.25%	6.36%	0.05%	0.00%
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	0.90
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	0.07
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	4.33
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	15.28
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	22.40
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	3.40
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	9.35
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	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	0.00
Financial Leverage	-0.02	-0.02	-0.01	-0.03	-0.02	-0.02	-0.01	-0.02	-0.01	-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	3.23
Compound Leverage Factor	2.07	0.46	1.59	2.21	1.83	1.82	1.72	1.84	1.87	4.54	0.67
Debt to Total Capital	0.86%	0.88%	0.99%	0.99%	1.07%	1.12%	1.22%	1.24%	1.23%	1.70%	1.99%
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%	1.99%
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%	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%	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%	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%	98.01%
Debt to EBITDA	0.04	0.04	0.05	0.04	0.04	0.04	0.05	0.05	0.05	0.08	0.10
Net Debt to EBITDA	-0.06	-0.14	-0.06	-0.05	-0.05	-0.04	-0.04	-0.07	-0.04	-0.05	-0.03
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	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	0.51
Net Debt to NOPAT	-0.18	-0.44	-0.20	-0.14	-0.13	-0.12	-0.11	-0.21	-0.10	-5.97	-0.17
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	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	4.34
Noncontrolling Interest Sharing Ratio	0.00%	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	1.66
Quick Ratio	0.64	0.61	0.67	0.66	0.65	0.67	0.73	0.70	0.72	0.68	0.73
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-4.87	39	55	20	14	-8.71	-4.01	17	12	15	51
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%	82.41%
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	3.37
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	1.70
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	-0.36
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	4.11	4.27	4.29	4.23	4.19	4.17	4.15	4.07	3.97	3.85	3.92
Accounts Receivable Turnover	0.00	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	14.96
Fixed Asset Turnover	16.87	16.24	16.59	16.84	16.67	15.45	15.38	15.01	14.83	13.36	13.66
Accounts Payable Turnover	16.16	17.43	17.46	16.60	16.63	17.16	17.75	16.69	15.79	16.77	17.26
Days Sales Outstanding (DSO)	0.00	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	24.40
Days Payable Outstanding (DPO)	22.58	20.94	20.90	21.98	21.95	21.27	20.57	21.87	23.12	21.76	21.15
Cash Conversion Cycle (CCC)	4.37	3.56	3.80	3.61	4.49	4.11	4.56	3.11	2.68	3.70	3.25
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	764	744	750	759	768	769	776	761	774	735	735
Invested Capital Turnover	12.48	12.67	12.75	12.99	12.78	12.86	12.62	12.56	12.37	12.70	12.78
Increase / (Decrease) in Invested Capital	18	-35	-35	5.40	3.63	25	26	1.72	5.42	-34	-41
Enterprise Value (EV)	999	960	814	705	753	751	664	617	711	606	663
Market Capitalization	1,011	982	823	714	762	760	673	633	718	615	668
Book Value per Share	$21.83	$21.72	$21.66	$22.12	$22.45	$22.48	$22.68	$22.91	$23.15	$22.03	$21.90
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	$13.09
Total Capital	787	773	767	776	786	787	795	786	791	756	755
Total Debt	6.76	6.79	7.61	7.64	8.41	8.81	9.72	9.75	9.75	13	15
Total Long-Term Debt	0.00	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	-4.93
Capital Expenditures (CapEx)	-4.71	23	39	18	25	34	38	27	31	29	31
Debt-free, Cash-free Net Working Capital (DFCFNWC)	432	339	425	406	397	408	449	386	430	388	431
Debt-free Net Working Capital (DFNWC)	451	368	442	422	414	426	468	411	448	409	451
Net Working Capital (NWC)	444	361	435	415	406	418	458	402	438	397	436
Net Nonoperating Expense (NNE)	3.57	3.11	8.69	6.22	6.48	6.24	8.88	7.11	6.96	16	7.78
Net Nonoperating Obligations (NNO)	-16	-22	-9.35	-9.27	-9.14	-9.15	-9.24	-15	-7.76	-8.73	-4.93
Total Depreciation and Amortization (D&A)	22	22	30	22	23	23	31	23	24	25	37
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%	4.47%
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%	4.67%
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%	4.52%
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)	$0.06
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	33.73M
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)	$0.06
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	34.08M
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	$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	33.85M
Normalized Net Operating Profit after Tax (NOPAT)	12	5.65	23	24	19	23	26	25	22	-12	12
Normalized NOPAT Margin	0.52%	0.24%	0.81%	1.04%	0.83%	1.02%	0.93%	1.11%	0.98%	-0.52%	0.40%
Pre Tax Income Margin	0.61%	0.07%	0.47%	1.17%	0.64%	0.65%	0.65%	0.72%	0.68%	-1.70%	0.14%
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	1.26
NOPAT to Interest Expense	2.15	0.47	1.73	2.75	1.90	1.71	1.62	1.76	1.80	-1.78	0.65
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	-0.80
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	-1.41
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%	-281.95%
Augmented Payout Ratio	93.97%	180.20%	275.61%	181.11%	134.71%	92.25%	74.55%	97.96%	98.42%	15,019.73%	-398.87%

Key Financial Trends

SpartanNash Co (NASDAQ:SPTN) reported Q1 2025 results with revenue growth returning to positive territory, free cash flow generation strengthening, and a net cash position on the balance sheet. Profit margins remain thin, and operating profit metrics declined year-over-year despite a strong seasonal uptick in Q1.

Revenue rose 3.68% year-over-year in Q1 2025, reversing declines of the prior year and reflecting improved demand.
Quarter-over-quarter sales spiked 28.65%, driven by seasonal grocery volumes.
Free Cash Flow to Firm grew 13.77% year-over-year to $51.2 million, highlighting strong cash generation.
Net debt is negative $4.9 million, yielding a net cash position and very low leverage (Net Debt/EBITDA –0.032).
Valuation multiples remain attractive, with EV/EBITDA at 4.33x and EV/Revenue at 0.069x, below grocery distributor peers.
Capital expenditures of $31.3 million in Q1 were in line with depreciation of $36.8 million, suggesting steady reinvestment.
Working capital to revenue ratio held at ~4.5%, consistent with historical seasonal levels.
Liquidity remains adequate with a current ratio of 1.66 and quick ratio of 0.73.
NOPAT fell 54.9% year-over-year to $9.86 million, indicating a pullback in operating profitability.
EBIT and EBITDA margins remain thin at 0.66% and 1.93%, respectively, reflecting intense price and cost pressures.
Net income margin declined to 0.0715%, and EPS fell 83.78% year-over-year to $0.06 per share.

07/14/25 06:46 AMAI Generated. May Contain Errors.

Frequently Asked Questions About SpartanNash's Financials

When does SpartanNash's fiscal year end?

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

How has SpartanNash's net income changed over the last 10 years?

SpartanNash's net income appears to be on a downward trend, with a most recent value of $299 thousand in 2024, falling from $58.60 million in 2014. The previous period was $52.24 million in 2023. View SpartanNash's forecast to see where analysts expect SpartanNash to go next.

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's revenue changed over the last 10 years?

Over the last 10 years, SpartanNash's total revenue changed from $7.92 billion in 2014 to $9.55 billion in 2024, a change of 20.6%.

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 56.9% increase since 2014.

How much cash does SpartanNash have?

In the past 10 years, SpartanNash's cash and equivalents has ranged from $6.44 million in 2014 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 10 years?

Over the last 10 years, SpartanNash's book value per share changed from 19.93 in 2014 to 22.03 in 2024, a change of 10.5%.

Related Companies

This page (NASDAQ:SPTN) was last updated on 7/14/2025 by MarketBeat.com Staff

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SpartanNash (SPTN) Financials

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SpartanNash (SPTN) Financials

Annual Income Statements for SpartanNash

Quarterly Income Statements for SpartanNash

Annual Cash Flow Statements for SpartanNash

Quarterly Cash Flow Statements for SpartanNash

Annual Balance Sheets for SpartanNash

Quarterly Balance Sheets for SpartanNash

Annual Metrics And Ratios for SpartanNash

Quarterly Metrics And Ratios for SpartanNash

Key Financial Trends

Frequently Asked Questions About SpartanNash's Financials

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