Simply Good Foods Co filed its 10-K with the SEC, and its figures are now in our data. Today’s growth rate sits near the bottom of the company’s own record. Revenue over the twelve months to Q4 2026 was $1.4 billion, which fell 6.5% on the year before. That growth rate was down 2.0 percentage points on the rate a quarter earlier.
Source: SEC EDGAR XBRL company facts. Latest period shown: FY26 Q4.
View chart data
| Period | Revenue growth, TTM YoY | Operating margin (TTM) | FCF margin (TTM) |
|---|---|---|---|
| FY25 Q1 | 9.1% | 15.3% | 14.2% |
| FY25 Q2 | 11.5% | 15.3% | 12.6% |
| FY25 Q3 | 14.2% | 14.9% | 11.9% |
| FY25 Q4 | 9.0% | 10.8% | 10.7% |
| FY26 Q1 | 6.3% | 9.6% | 11.9% |
| FY26 Q2 | 0.3% | -9.1% | 10.2% |
| FY26 Q3 | -4.5% | -17.1% | 8.5% |
| FY26 Q4 | -6.5% | -13.2% | 11.6% |
Profitability
The company is still loss-making. The trailing gross margin was 32.6%. The trailing operating margin was negative, at −13.2%, down 24.1 percentage points from a year earlier. Meanwhile, the trailing net margin was negative, at −11.5%. The company made a net loss of $155.9 million over the twelve months.
Cash flow
Cash tells a different story from the accounts. Operating cash flow over the twelve months was $181.0 million, up 1.5% on the year before. Capital spending was $24.1 million, or 1.8% of revenue. Free cash flow, operating cash flow less capital spending, was $156.9 million, up 0.7% on the year before. Free cash flow was 11.6% of revenue (the free-cash-flow margin), up 0.8 percentage points from a year earlier.
Share count
The average diluted share count fell 9.0% over the year.
In context
Measured against its own history: today’s free-cash-flow margin of 11.6% is higher than 44% of the company’s own past quarterly readings, which have ranged from 5.4% to 17.5%. Today’s operating margin of −13.2% is higher than 3% of past readings (−17.1% to 18.3%). Today’s twelve-month revenue growth rate of −6.5% is below every past reading (−4.5% to 61.5%).
The valuation angle
Our model translates these figures into value. In our model, growth 5 percentage points lower would lower the value by 27.2%, and 5 percentage points higher would raise it by 35.7%. A free-cash-flow margin 1 percentage point lower would lower it by 8.4%.
Next to watch
The next filing will show whether the trends above continue, slow or reverse.
