Sweetgreen, Inc. (SG) Key Metrics
SG valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $1.20B
- Enterprise value
- $1.13B
- P/E (TTM)
- 111.6
- Forward P/E
- 18.8
- PEG ratio
- —
- Price / sales
- 1.8 10-yr median 2.2
- Price / book
- 1.7 10-yr median 2.6
- EV / EBITDA
- 11.1
- Dividend yield
- —
- Beta
- 2.17
SG key metrics, 2018–2025
Fiscal year ended December 31, 2025 · U.S. dollarsSG valuation Price multiples at each fiscal year-end price.
SG returns How much profit the business earns on the capital it uses.
SG per-share figures Results divided by the shares outstanding at year-end.
SG financial health Debt, liquidity and how easily interest is covered.
SG efficiency & capital use Working capital cycle and where the cash goes.
SG valuation history
SG returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
SG debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
SG cash returned to shareholders
SG price vs earnings per share
SG key metrics
2018–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||
| Market capitalization | $797.4M | $3.67B | $1.26B | $943.8M | $3.50B | — | — | — |
| Enterprise value | $1.06B | $3.78B | $1.31B | $912.9M | $3.03B | — | — | — |
| Price / sales | 1.2 | 5.4 | 2.2 | 2.0 | 10.3 | — | — | — |
| Price / book | 2.2 | 8.2 | 2.6 | 1.7 | 5.4 | — | — | — |
| Price / operating cash flow | — | 84.5 | 47.8 | — | — | — | — | — |
| EV / sales | 1.6 | 5.6 | 2.2 | 1.9 | 8.9 | — | — | — |
| Earnings yield | −16.8% | −2.5% | −9.0% | −20.2% | −4.4% | — | — | — |
| Free cash flow yield | −14.9% | −1.3% | −5.5% | −15.4% | −4.5% | — | — | — |
| Shareholder yield (dividends + buybacks) | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Share price at fiscal year-end | $6.76 | $32.06 | $11.30 | $8.57 | $32.00 | — | — | — |
| Per share | ||||||||
| Revenue per share | $5.76 | $5.92 | $5.22 | $4.27 | $3.11 | $2.04 | $2.53 | $13.22 |
| Earnings per share | −$1.14 | −$0.79 | −$1.01 | −$1.73 | −$1.40 | −$1.31 | −$0.63 | −$0.16 |
| Operating cash flow per share | −$0.11 | $0.38 | $0.24 | −$0.39 | −$0.59 | −$0.84 | −$0.34 | $0.98 |
| Free cash flow per share | −$1.01 | −$0.43 | −$0.62 | −$1.32 | −$1.44 | −$1.36 | −$0.76 | $0.98 |
| Cash per share | $0.76 | $1.88 | $2.30 | $3.01 | $4.32 | $0.95 | $2.30 | $7.57 |
| Book value per share | $3.02 | $3.90 | $4.31 | $4.91 | $5.97 | −$2.84 | −$1.60 | $17.58 |
| Tangible book value per share | $2.70 | $3.38 | $3.75 | $4.31 | $5.34 | −$3.00 | −$1.71 | $12.17 |
| Dividends per share | — | — | — | — | — | — | — | $0.01 |
| Capex per share | $0.90 | $0.81 | $0.86 | $0.93 | $0.85 | $0.53 | $0.41 | $0.00 |
| Debt per share | $3.01 | $2.89 | $2.71 | $2.73 | $0.02 | $0.02 | $16.36 | $12.81 |
| Shares outstanding | 118.0M | 114.3M | 111.9M | 110.1M | 109.3M | 108.2M | 108.2M | 110.3M |
| Change in shares outstanding | +3.2% | +2.2% | +1.6% | +0.7% | +1.1% | 0.0% | −1.9% | — |
| Returns & profitability | ||||||||
| Return on equity (ROE) | −33.4% | −19.5% | −22.1% | −31.9% | −88.6% | — | — | −0.9% |
| Return on invested capital (ROIC) | −14.9% | −13.9% | −18.6% | −44.1% | — | — | −2.9% | 1.1% |
| Return on assets (ROA) | −16.3% | −10.5% | −12.8% | −22.8% | −29.8% | −43.3% | −2.1% | −0.3% |
| Return on tangible assets | −17.9% | −11.3% | −14.3% | −22.6% | −22.1% | −56.8% | −18.1% | −0.3% |
| Free cash flow margin | −17.5% | −7.2% | −11.9% | −30.9% | −46.3% | −66.7% | −29.9% | 7.4% |
| Financial health | ||||||||
| Total debt | $354.5M | $330.7M | $302.9M | $300.7M | $1.8M | $2.3M | $1.77B | $1.41B |
| Cash & short-term investments | $89.2M | $214.8M | $257.2M | $331.6M | $472.0M | $102.6M | $249.3M | $834.9M |
| Net debt | $265.3M | $115.9M | $45.6M | −$30.9M | −$470.1M | −$100.3M | $1.52B | $577.4M |
| Debt / equity | 1.00 | 0.74 | 0.63 | 0.56 | 0.00 | — | — | 0.73 |
| Debt / assets | 0.45 | 0.39 | 0.35 | 0.33 | 0.00 | 0.01 | 4.58 | 0.24 |
| Net debt / EBITDA | — | — | — | — | — | — | — | 7.36 |
| Current ratio | 1.09 | 2.02 | 3.02 | 4.77 | 10.66 | 3.19 | 7.95 | 1.05 |
| Quick ratio | 1.07 | 2.01 | 2.99 | 4.75 | 10.64 | 3.17 | 7.92 | 1.05 |
| Interest coverage | — | -373.8 | -955.8 | — | — | -350.5 | -796.3 | 1.7 |
| Working capital | $11.0M | $118.7M | $184.5M | $273.6M | $459.1M | $79.5M | $228.7M | $171.8M |
| Invested capital | $621.4M | $562.1M | $528.2M | $510.4M | $183.0M | −$407.7M | $1.35B | $2.52B |
| Tangible asset value | $317.9M | $386.1M | $419.2M | $474.7M | $584.3M | −$324.6M | −$185.2M | $1.34B |
| Net current asset value | −$302.3M | −$176.1M | −$97.8M | −$21.6M | $397.1M | −$457.2M | −$298.0M | −$523.3M |
| Graham net-net per share | −$2.86 | −$1.67 | −$1.01 | −$0.30 | $3.45 | −$4.30 | −$2.83 | −$22.25 |
| Capital allocation | ||||||||
| Dividends paid | — | — | — | — | — | — | — | $1.6M |
| Share buybacks (net) | $259,000 | $2,000 | $166,000 | $0 | $0 | $0 | $0 | $259.0M |
| Dividends + buybacks / free cash flow | — | — | — | — | — | — | — | 241.3% |
| Capex / revenue | 15.7% | 13.6% | 16.4% | 21.8% | 27.3% | 25.8% | 16.3% | 0.0% |
| Capex / operating cash flow | — | 212.5% | 361.7% | — | — | — | — | 0.0% |
| Capex / depreciation | 1.49 | 1.35 | 1.59 | 2.19 | 2.61 | 2.12 | 2.30 | 0.00 |
| Stock-based compensation / revenue | 5.4% | 5.8% | 8.5% | 16.7% | 8.5% | 2.2% | 1.4% | 0.1% |
| SG&A / revenue | 21.1% | 22.2% | 27.5% | 42.7% | 39.6% | 49.7% | 35.5% | 5.3% |
| Efficiency | ||||||||
| Days sales outstanding | 2.8 | 2.4 | 2.2 | 8.8 | 13.9 | 9.9 | 696.4 | 260.6 |
| Days of inventory on hand | 1.4 | 1.4 | 1.3 | 1.0 | 0.9 | 1.2 | 1.3 | — |
| Days payables outstanding | 12.2 | 12.1 | 11.2 | 10.7 | 10.6 | 11.6 | 173.2 | 517.9 |
| Cash conversion cycle (days) | -8.1 | -8.4 | -7.7 | -0.8 | 4.2 | -0.6 | 524.5 | -257.3 |
| Receivables turnover | 130.84 | 155.20 | 168.51 | 41.46 | 26.20 | 36.99 | 0.52 | 1.40 |
| Payables turnover | 29.85 | 30.15 | 32.55 | 34.20 | 34.36 | 31.51 | 2.11 | 0.70 |
| Inventory turnover | 263.53 | 268.18 | 279.33 | 350.67 | 393.26 | 316.08 | 276.99 | — |
| Asset turnover | 0.83 | 0.79 | 0.66 | 0.56 | 0.66 | 0.68 | 0.09 | 0.24 |
| Average receivables | $5.2M | $4.4M | $3.5M | $11.3M | $13.0M | $6.0M | $523.1M | $1.04B |
| Average payables | $19.3M | $18.0M | $14.8M | $11.7M | $8.7M | $7.3M | $109.2M | $210.1M |
| Average inventory | $2.2M | $2.0M | $1.7M | $1.1M | $761,500 | $725,500 | $831,000 | — |
| Intangibles / total assets | 4.8% | 7.0% | 7.4% | 7.3% | 9.0% | 6.5% | 3.1% | 9.9% |
Computed from SG's annual financial statements (latest annual report filed February 27, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
SG valuation and financial ratios
Based on the latest twelve months, the trailing P/E is 111.6 and the forward P/E is 18.8. Sweetgreen earned a return on equity of −33.4% and a return on invested capital of −14.9% in fiscal 2025. It ended the year with $354.5 million of debt and $89.2 million in cash and short-term investments, net debt of $265.3 million. It returned $0.3 million to shareholders: $0 in dividends and $0.3 million in share buybacks. The share count rose 7.0% from 110.3M to 118.0M over 7 years.
See the SG income statement, the SG chart for price history, or the SG stock overview for the latest quote and news.
SG key metrics FAQ
What is Sweetgreen's P/E ratio?
Sweetgreen's trailing P/E ratio is 111.6 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 18.8. At the end of fiscal 2025 it was —.
What is Sweetgreen's return on equity?
Sweetgreen's return on equity (ROE) was −33.4% in fiscal 2025: net income of -$134.1 million on average shareholders' equity of $401.1 million.
What is Sweetgreen's ROIC?
Sweetgreen's return on invested capital was −14.9% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Sweetgreen have?
Sweetgreen had total debt of $354.5 million at the end of fiscal 2025, a debt-to-equity ratio of 1.00.
Does Sweetgreen buy back its shares?
Yes. Sweetgreen spent $0.3 million on net share repurchases in fiscal 2025 Shares outstanding changed +3.2% over the year, to 118.0M..
What is Sweetgreen's free cash flow yield?
Sweetgreen generated -$119.2 million of free cash flow in fiscal 2025, a free cash flow yield of −14.9% on its market value at year-end ($797.4 million).
What is Sweetgreen's current ratio?
Sweetgreen's current ratio was 1.09 at the end of fiscal 2025: current assets were 1.09 times current liabilities.