Savers Value Village, Inc.

Category-leading for-profit thrift retailer with solid cash flow but mid-pack returns and high leverage.

Strengths

• Largest for-profit thrift operator (367 stores), durable hyper-local NPP sourcing model; revenue +9% (75th pct), FCF $48.6M (80th)
• Healthy operating margin 7.4% and OCF margin 10% (above median)

Risks

• Mid-pack returns: ROE 5.2%, ROA 1.1%, net margin 1.3% — no standout profitability metric; net income fell 22%
• High leverage (debt/equity 1.6, 88th pct) and weak current ratio 0.81

Notable findings

• Weak liquidityCurrent ratio 0.81 (<1)