The Simply Good Foods (SMPL) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

The Simply Good Foods

NasdaqCM•Consumer Defensive•Packaged Foods

$11.45-0.04(<0.01%)Market closed

Market Cap

$916.50M

P/S

0.7x

P/B

0.6x

The Simply Good Foods Company, a consumer-packaged food and beverage company, engages in the development, marketing, and sale of snacks and meal replacements, and other products in North America and internationally. The company offers protein bars, ready-to-drink beverages and shakes, sweet and salty snacks, cookies, muffins, protein chips and crackers, protein powders, and recipes under the Quest, Atkins, and OWYN brand names. It also provides confectionery products, such as peanut butter cups, brownies, caramel candy bites, chocolatey coated peanut candies, and caramel candy bars. In addition, the company licenses certain products that contain its brands and logos; and distributes its products to various retail channels, such as mass merchandise, grocery and drug stores, club and convenience stores, gas stations, and other channels. It also sells its products through e-commerce channels, including questnutrition.com, atkins.com, liveowyn.com, amazon.com and others. The company was incorporated in 2017 and is headquartered in Denver, Colorado.

How this company scores

AverageMetricSide Score: 42/100

Strongest: Cash & Earnings Quality (14/25); weakest: Profitability (7/25).

Profitability7/25

Growth8/25

Balance Sheet & Red Flags13/25

Cash & Earnings Quality14/25

Strengths

Low leverageConsistent free cash flowImproving marginsNo share dilution

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 21.4x5y range 21.4x – 98.9x

Currently near its 18-quarter median.

P/S · 0.7x5y range 0.7x – 3.6x

Currently below its 20-quarter median.

P/B · 0.6x5y range 0.6x – 3.0x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 220.2% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $916.50M

Metrics at a Glance

as of May 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.39B
Q. Revenue: $356.98M
TTM EBITDA: $-213.33M
TTM Op. Income: $-237.38M
Q. Op. Income: $-49.86M
TTM Net Income: $-198.76M
Q. Net Income: $-51.97M
EPS: $-0.58
Shares Out.: $89.94M

$1.39B in TTM revenue declined 4.5% YoY, reaching $356.98M last quarter. TTM EBITDA of $-213.33M and TTM operating income of $-237.38M show growth is flowing through to the bottom line. However, net income is negative at $198.76M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has fallen for 4 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 32.5%
EBITDA Margin: -12.3%
Op. Margin: -14.0%
Net Margin: -14.6%

Op. margin of -14.0% is down 29.5% YoY — costs are rising relative to revenue. Net margin at -14.6% and gross margin of 32.5% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 190% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 0.7x
P/B Ratio: 0.6x

P/S of 0.7x and P/B of 0.6x. P/S is low relative to typical market levels. Over the past year, P/E is down 24% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $2.06B
Cash: $123.88M
Long-Term Debt: $397.04M
Book Value: $1.42B
D/E Ratio: 0.3
Debt/EBITDA: N/A

With $2.06B in assets and $397.04M in long-term debt, D/E is 0.3and book value is $1.42B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has risen for 4 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $43.98M
TTM Free Cash Flow: $119.42M
FCF Margin: 8.6%
FCF / Net Income: -0.6

TTM FCF of $119.42M on $43.98M in operating cash flow. The FCF / Net Income ratio of -0.6x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has fallen for 2 consecutive quarters — a weakening trend.