Sportsman's Warehouse Holdings vs Warby Parker
Sportsman's Warehouse Holdings is the larger business, with $1.21bn of revenue in fiscal 2026 against $872m for Warby Parker (1.4 times as much). Warby Parker grew faster (13.0% against 1.0%). Warby Parker kept more of each dollar of sales as profit: a net margin of 0.2% against -4.1%. Warby Parker carries less debt relative to equity (0.0% against 23.4%).
| Latest fiscal year | Sportsman's Warehouse HoldingsSPWH, 2026 | Warby ParkerWRBY, 2025 |
|---|---|---|
| Revenue | $1.21bn | $872m |
| Revenue growth | 1.0% | 13.0% |
| Net income | −$50.1m | $1.6m |
| Operating margin | -3.1% | -0.6% |
| Net margin | -4.1% | 0.2% |
| Return on equity | -23.6% | 0.5% |
| Free cash flow | $8.9m | $43.7m |
| Cash | $1.7m | $286m |
| Total debt | $44.2m | $0 |
| Debt to equity | 23.4% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | — | 4,036 |
| Market value | $44.2m | $2.76bn |
| Price vs our value range | Below our value range | — |
| Moat score | 36 (Weak) | 40 (Weak) |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 35 sales |