Simply Good Foods Co key statistics and ratios

In fiscal 2026, Simply Good Foods Co had return on equity of -9.6%, an operating margin of -13.2%, debt equal to 24.1% of equity and a current ratio of 5.57. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Simply Good Foods Co: financial ratios, annual
Fiscal year	2018Aug 2018	2019Aug 2019	2020Aug 2020	2021Aug 2021	2022Aug 2022	2023Aug 2023	2024Aug 2024	2025Aug 2025	2026Aug 2026
Gross margin	42.4%	41.6%	39.7%	40.7%	38.1%	36.5%	38.4%	36.2%	32.6%
Operating margin	15.6%	13.9%	9.6%	17.3%	17.3%	16.5%	15.5%	10.8%	−13.2%
Net margin	8.7%	−4.8%	8.0%	4.1%	9.3%	10.7%	10.5%	7.1%	−11.5%
Free-cash-flow margin	13.7%	13.8%	7.0%	12.5%	9.0%	12.8%	15.8%	10.9%	11.6%
Return on equity	6.0%	−3.8%	7.1%	3.5%	8.3%	8.9%	8.4%	5.9%	−9.6%
Return on assets	3.8%	−2.4%	4.2%	2.0%	5.2%	6.4%	6.1%	4.3%	−7.0%
Asset turnover	0.44	0.49	0.52	0.50	0.56	0.59	0.59	0.60	0.61
Current ratio	6.07	7.45	3.64	2.63	3.44	4.14	4.05	3.64	5.57
Debt to equity	32.0%	27.6%	53.2%	38.4%	28.3%	18.1%	23.2%	13.8%	24.1%
Interest cover (operating income ÷ interest)	5.4x	5.3x	2.4x	5.5x	9.3x	6.8x	7.9x	6.7x	n/m
Effective tax rate	—	—	16.9%	49.4%	27.9%	24.0%	25.1%	23.8%	—
R&D as % of revenue	0.6%	0.4%	0.5%	0.3%	0.4%	0.3%	0.4%	0.4%	0.4%
Capital spending as % of revenue	0.4%	0.2%	0.2%	0.6%	0.4%	0.9%	0.4%	1.4%	1.8%
Free cash flow ÷ net income	158.5%	—	87.1%	308.7%	97.1%	119.4%	150.7%	152.4%	—
Dividends and buybacks ÷ free cash flow	0.0%	3.0%	0.0%	0.0%	56.8%	10.3%	0.0%	32.2%	135.9%

US$ thousands unless shown otherwise. Fiscal quarters.

Simply Good Foods Co: financial ratios, quarterly
Quarter	2025 Q1Nov 2024	2025 Q2Mar 2025	2025 Q3May 2025	2025 Q4Aug 2025	2026 Q1Nov 2025	2026 Q2Feb 2026	2026 Q3May 2026	2026 Q4Aug 2026
Gross margin	38.2%	36.2%	36.4%	34.3%	32.3%	31.6%	32.5%	34.0%
Operating margin	16.0%	15.2%	15.6%	−3.2%	11.0%	−65.4%	−14.0%	13.8%
Net margin	11.2%	10.2%	10.8%	−3.3%	7.4%	−49.0%	−14.6%	9.2%
Free-cash-flow margin	9.3%	8.6%	17.9%	7.4%	14.1%	0.8%	11.6%	19.5%
Current ratio	4.23	4.27	3.95	3.64	5.01	5.06	4.80	5.57
Debt to equity	19.6%	16.4%	13.5%	13.8%	22.9%	26.6%	28.0%	23.9%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

4 of 7 checks passed · August 29, 2026

What it owns · $2.0bn

Short-term assets $434mLonger-term assets $1.6bn

What it owes, and who funded it · $2.0bn

Short-term liabilities $78mLonger-term liabilities $507mShareholders' equity $1.5bn

Short-term assets cover short-term liabilities $434m of assets due within a year against $78m of liabilities due within a year.
Short-term assets cover long-term liabilities $434m short-term assets against $507m of longer-dated liabilities.
More cash than debt $138m of cash against $347m of debt.
Debt below 40% of shareholders' equity Debt is 24% of equity.
Debt burden no higher than five years ago Debt to equity moved from 30% to 24% over five years.
A year's operating cash flow covers at least 20% of debt $181m of operating cash flow against $347m of debt.
Operating profit covers interest at least five times over Operating income of −$180m against $21m of interest.

From Simply Good Foods Co's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

56 /100

Moderate moat

How hard Simply Good Foods's competitive advantage looks for rivals to wear away, judged from 9 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

Returns on capital 5 / 20

Net income has been a median 4.3% of total assets over 9 years.
Pricing power 13 / 20

Gross margin has been a median 38.4%, moving by 2.8 percentage points (standard deviation) across 9 years.
Durability 4 / 20

Operating margin has been a median 15.0%; its worst year was -13.2%.
Cash conversion 16 / 20

Free cash flow was positive in 9 of 9 years, at a median 12.5% of revenue.
Discipline 18 / 20

The diluted share count fell 5.1% over five years; stock-based pay has been a median 1.0% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Simply Good Foods Co's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Simply Good Foods Co.