Sonos Inc. (SONO) intrinsic value & 10-year financials
Sonos Inc. (SONO) has a Graham intrinsic value of $8.13 per share. At $17.34 on Oct 17, 2026, the stock trades 113% above that value. Over the last 10 fiscal years revenue grew 5.4% a year to $1.4B, with an average return on invested capital of 26.5%.
- Graham intrinsic value
- $8.13
- Share price (Oct 17, 2026)
- $17.34
- Price vs Graham value
- 113% above
- Market cap
- $2.1B
- Revenue (FY2025)
- $1.4B
- Revenue growth (10-yr CAGR)
- 5.4%
- ROIC (10-yr avg)
- 26.5%
- Free cash flow (FY2025)
- $108.2M
SONO 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $1.4B | -$61.1M | -$0.51 | $108.2M | -3.5% | -18.4% |
| FY2024 | $1.5B | -$38.1M | -$0.31 | $134.7M | -3.2% | -14.4% |
| FY2023 | $1.7B | -$10.3M | -$0.08 | $50.1M | -1.2% | -3.1% |
| FY2022 | $1.8B | $67.4M | $0.49 | -$74.5M | 5.1% | 64.0% |
| FY2021 | $1.7B | $158.6M | $1.13 | $207.7M | 9.0% | -436.0% |
| FY2020 | $1.3B | -$20.1M | -$0.18 | $129.0M | -2.1% | 93.1% |
| FY2019 | $1.3B | -$4.8M | -$0.05 | $97.4M | 0.5% | 429.8% |
| FY2018 | $1.1B | -$15.6M | — | -$5.2M | -0.8% | 27.8% |
| FY2017 | $992.5M | -$14.2M | — | $30.4M | -1.6% | 14.8% |
| FY2016 | $901.3M | -$38.2M | — | -$9.2M | -3.4% | 107.2% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Sonos Inc has demonstrated mature, steady growth, with revenue compounding at 5.4% annually over the past decade.
Sonos Inc has earned high returns on invested capital, averaging 27.1% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Sonos 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, Sonos Inc is modeled at 5.4% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $8.13 per share.