Sweetgreen, Inc. (SG) intrinsic value & 10-year financials

Sweetgreen, Inc. (SG) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 7 fiscal years revenue grew 25.2% a year to $679.5M, with an average return on invested capital of -40.3%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$10.04
Market cap
$1.2B
Revenue (FY2025)
$679.5M
Revenue growth (7-yr CAGR)
25.2%
ROIC (10-yr avg)
-40.3%
Free cash flow (FY2025)
-$119.2M

SG 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $679.5M -$134.1M -$1.14 -$119.2M -20.5% -25.3%
FY2024 $676.8M -$90.4M -$0.79 -$41.1M -14.1% -18.6%
FY2023 $584.0M -$113.4M -$1.01 -$63.2M -20.9% -25.0%
FY2022 $470.1M -$190.4M -$1.73 -$140.1M -41.1% -58.4%
FY2021 $339.9M -$153.2M -$1.38 -$149.0M -39.5% -74.2%
FY2020 $220.6M -$141.2M -$2.20 -$138.5M -64.2% —
FY2019 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

Sweetgreen, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Sweetgreen, Inc. has historically struggled to out-earn its cost of capital, averaging just -40.3% ROIC.

Sweetgreen, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, Sweetgreen, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-37.87 per share.

SG stock: frequently asked questions

What is the intrinsic value of Sweetgreen, Inc. (SG) stock?

Graham's formula only works with positive earnings. Sweetgreen, Inc. reported diluted EPS of -$1.14 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Sweetgreen, Inc. generate free cash flow?

Sweetgreen, Inc. generated -$119.2M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 6 reported years.

What is SG's return on invested capital?

Average ROIC over the last 7 fiscal years was -40.3%, and average return on equity was -22.8%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this SG data come from?

From Sweetgreen, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 7, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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