Simply Good Foods Co
SMPL · Food and Kindred Products · 90.5M shares · +6%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: $2M (gross $16M, SBC $14M)
Grade
B76Asset-light nutritional-snacking platform (Quest/Atkins/OWYN) with leading brands and strong, consistent cash generation.
Strengths
- Top-decile FCF and OCF margins (90th/93rd pct), strong gross/net margins, and clean liquidity (current ratio 93rd pct)
- Leading position in a growing better-for-you category with organic growth +9% plus OWYN acquisition
Risks
- ROE only 5.7% (52.9th pct) and net income down ~26%
- Customer concentration in a few retailers and integration/acquisition execution risk
Notable findings
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
36.2%
Operating margin
10.8%
Net margin
7.1%
Return on equity
5.7%
Return on assets
4.3%
ROIC
6.0%
Revenue growth (QoQ)
-4.2%
Net-income growth
-25.6%
Debt / equity
0.1×
Net debt / EBITDA
0.8×
Current ratio
3.6×
Free cash flow
$158M
EBITDA
$178M
Tangible book value
-$45M
Cash & investments
$98M
Stock comp / revenue
1.1%
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-04-22 | Shareholder vote | filing ↗ |
| 2026-04-21 | Exec/director change | filing ↗ |
| 2026-04-09 | ResultsExhibits | filing ↗ |
| 2026-02-02 | Exec/director changeShareholder voteExhibits | filing ↗ |
| 2026-01-21 | Exec/director changeReg FDExhibits | filing ↗ |
| 2026-01-08 | ResultsExhibits | filing ↗ |
| 2025-11-20 | Material agreementDebt obligationExhibits | filing ↗ |
| 2025-10-23 | ResultsExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K/A | 2026-04-22 | 2026-01-28 | 0001702744-26-000015 ↗ |
| 8-K | 2026-04-21 | 2026-04-17 | 0001104659-26-045701 ↗ |
| 8-K | 2026-04-09 | 2026-04-09 | 0001702744-26-000010 ↗ |
| 10-Q | 2026-04-09 | 2026-02-28 | 0001702744-26-000012 ↗ |
| 8-K | 2026-02-02 | 2026-01-28 | 0001104659-26-009211 ↗ |
| 8-K | 2026-01-21 | 2026-01-18 | 0001104659-26-005379 ↗ |
| 10-Q | 2026-01-08 | 2025-11-29 | 0001702744-26-000006 ↗ |
| 8-K | 2026-01-08 | 2026-01-08 | 0001702744-26-000004 ↗ |
| 8-K | 2025-11-20 | 2025-11-19 | 0001104659-25-114309 ↗ |
| 10-K | 2025-10-28 | 2025-08-30 | 0001702744-25-000046 ↗ |
| 8-K | 2025-10-23 | 2025-10-23 | 0001702744-25-000043 ↗ |
| 8-K | 2025-07-10 | 2025-07-10 | 0001702744-25-000035 ↗ |