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SpartanNash (SPTN) Financials

SpartanNash logo
$26.57 +0.02 (+0.08%)
Closing price 07/11/2025 04:00 PM Eastern
Extended Trading
$26.58 +0.02 (+0.06%)
As of 07/11/2025 06:32 PM Eastern
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Annual Income Statements for SpartanNash

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

Quarterly Income Statements for SpartanNash

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

Annual Cash Flow Statements for SpartanNash

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

Quarterly Cash Flow Statements for SpartanNash

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

Annual Balance Sheets for SpartanNash

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

Quarterly Balance Sheets for SpartanNash

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

Annual Metrics And Ratios for SpartanNash

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%

Quarterly Metrics And Ratios for SpartanNash

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.
07/13/25 08:28 PMAI 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%.


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This page (NASDAQ:SPTN) was last updated on 7/13/2025 by MarketBeat.com Staff
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