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Side-by-side financial comparison of Summit Hotel Properties, Inc. (INN) and SPORTSMAN'S WAREHOUSE HOLDINGS, INC. (SPWH). Click either name above to swap in a different company.

SPORTSMAN'S WAREHOUSE HOLDINGS, INC. is the larger business by last-quarter revenue ($331.3M vs $185.1M, roughly 1.8× Summit Hotel Properties, Inc.). SPORTSMAN'S WAREHOUSE HOLDINGS, INC. runs the higher net margin — 0.0% vs -5.6%, a 5.6% gap on every dollar of revenue. On growth, SPORTSMAN'S WAREHOUSE HOLDINGS, INC. posted the faster year-over-year revenue change (2.2% vs 0.3%). Over the past eight quarters, Summit Hotel Properties, Inc.'s revenue compounded faster (-2.3% CAGR vs -5.4%).

The Ritz-Carlton Hotel Company, LLC is an American multinational company that operates the luxury hotel chain known as The Ritz-Carlton. The company has 108 luxury hotels and resorts in 30 countries and territories with 29,158 rooms, in addition to 46 hotels with 8,755 rooms planned for the future.

Sportsman's Warehouse is an American outdoor sporting goods retailer which operates in 29 states across the United States. Sportsman's Warehouse sells apparel, footwear, and gear which caters to sportsmen and sportswomen with interests in hunting, shooting, reloading, camping, fishing, and other outdoor recreational activities.

INN vs SPWH — Head-to-Head

Bigger by revenue
SPWH
SPWH
1.8× larger
SPWH
$331.3M
$185.1M
INN
Growing faster (revenue YoY)
SPWH
SPWH
+1.9% gap
SPWH
2.2%
0.3%
INN
Higher net margin
SPWH
SPWH
5.6% more per $
SPWH
0.0%
-5.6%
INN
Faster 2-yr revenue CAGR
INN
INN
Annualised
INN
-2.3%
-5.4%
SPWH

Income Statement — Q1 FY2026 vs Q3 FY2026

Metric
INN
INN
SPWH
SPWH
Revenue
$185.1M
$331.3M
Net Profit
$-10.4M
$8.0K
Gross Margin
32.8%
Operating Margin
7.6%
1.3%
Net Margin
-5.6%
0.0%
Revenue YoY
0.3%
2.2%
Net Profit YoY
-122.9%
-97.8%
EPS (diluted)
$0.00

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
INN
INN
SPWH
SPWH
Q1 26
$185.1M
Q4 25
$175.0M
$331.3M
Q3 25
$177.1M
$293.9M
Q2 25
$192.9M
$249.1M
Q1 25
$184.5M
$340.4M
Q4 24
$172.9M
$324.3M
Q3 24
$176.8M
$288.7M
Q2 24
$193.9M
$244.2M
Net Profit
INN
INN
SPWH
SPWH
Q1 26
$-10.4M
Q4 25
$-2.6M
$8.0K
Q3 25
$-11.8M
$-7.1M
Q2 25
$2.0M
$-21.3M
Q1 25
$623.0K
$-8.7M
Q4 24
$916.0K
$-364.0K
Q3 24
$-3.6M
$-5.9M
Q2 24
$38.7M
$-18.1M
Gross Margin
INN
INN
SPWH
SPWH
Q1 26
Q4 25
32.8%
Q3 25
32.0%
Q2 25
30.4%
Q1 25
30.4%
Q4 24
31.8%
Q3 24
31.2%
Q2 24
30.2%
Operating Margin
INN
INN
SPWH
SPWH
Q1 26
7.6%
Q4 25
8.3%
1.3%
Q3 25
4.8%
-1.1%
Q2 25
11.8%
-7.9%
Q1 25
10.7%
1.1%
Q4 24
4.6%
1.0%
Q3 24
8.9%
-1.5%
Q2 24
29.0%
-8.4%
Net Margin
INN
INN
SPWH
SPWH
Q1 26
-5.6%
Q4 25
-1.5%
0.0%
Q3 25
-6.6%
-2.4%
Q2 25
1.1%
-8.5%
Q1 25
0.3%
-2.6%
Q4 24
0.5%
-0.1%
Q3 24
-2.0%
-2.0%
Q2 24
20.0%
-7.4%
EPS (diluted)
INN
INN
SPWH
SPWH
Q1 26
Q4 25
$-0.05
$0.00
Q3 25
$-0.11
$-0.18
Q2 25
$-0.02
$-0.56
Q1 25
$-0.04
$-0.22
Q4 24
$0.05
$-0.01
Q3 24
$-0.04
$-0.16
Q2 24
$0.23
$-0.48

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
INN
INN
SPWH
SPWH
Cash + ST InvestmentsLiquidity on hand
$44.8M
$2.2M
Total DebtLower is stronger
$44.0M
Stockholders' EquityBook value
$840.4M
$209.5M
Total Assets
$2.8B
$913.9M
Debt / EquityLower = less leverage
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INN
INN
SPWH
SPWH
Q1 26
$44.8M
Q4 25
$36.1M
$2.2M
Q3 25
$41.1M
$1.8M
Q2 25
$39.5M
$3.6M
Q1 25
$48.2M
$2.8M
Q4 24
$40.6M
$2.7M
Q3 24
$51.7M
$2.6M
Q2 24
$45.9M
$2.2M
Total Debt
INN
INN
SPWH
SPWH
Q1 26
Q4 25
$1.4B
$44.0M
Q3 25
$1.4B
$43.9M
Q2 25
$1.4B
$24.1M
Q1 25
$1.4B
$24.1M
Q4 24
$1.4B
$24.0M
Q3 24
$1.3B
$24.0M
Q2 24
$1.3B
Stockholders' Equity
INN
INN
SPWH
SPWH
Q1 26
$840.4M
Q4 25
$862.2M
$209.5M
Q3 25
$875.8M
$208.9M
Q2 25
$895.1M
$215.1M
Q1 25
$920.4M
$235.7M
Q4 24
$909.5M
$243.6M
Q3 24
$911.4M
$243.0M
Q2 24
$931.9M
$247.5M
Total Assets
INN
INN
SPWH
SPWH
Q1 26
$2.8B
Q4 25
$2.8B
$913.9M
Q3 25
$2.8B
$948.9M
Q2 25
$2.9B
$929.7M
Q1 25
$2.9B
$852.1M
Q4 24
$2.9B
$967.7M
Q3 24
$2.8B
$901.9M
Q2 24
$2.9B
$930.4M
Debt / Equity
INN
INN
SPWH
SPWH
Q1 26
Q4 25
1.62×
0.21×
Q3 25
1.62×
0.21×
Q2 25
1.59×
0.11×
Q1 25
1.54×
0.10×
Q4 24
1.54×
0.10×
Q3 24
1.47×
0.10×
Q2 24
1.44×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
INN
INN
SPWH
SPWH
Operating Cash FlowLast quarter
$16.3M
Free Cash FlowOCF − Capex
$8.7M
FCF MarginFCF / Revenue
2.6%
Capex IntensityCapex / Revenue
29.7%
2.3%
Cash ConversionOCF / Net Profit
2038.00×
TTM Free Cash FlowTrailing 4 quarters
$-39.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INN
INN
SPWH
SPWH
Q1 26
Q4 25
$149.0M
$16.3M
Q3 25
$45.8M
$-26.6M
Q2 25
$48.8M
$-60.2M
Q1 25
$25.9M
$52.8M
Q4 24
$166.3M
$-2.5M
Q3 24
$55.7M
$18.5M
Q2 24
$50.3M
$-34.6M
Free Cash Flow
INN
INN
SPWH
SPWH
Q1 26
Q4 25
$73.6M
$8.7M
Q3 25
$24.0M
$-33.9M
Q2 25
$30.0M
$-64.0M
Q1 25
$10.1M
$49.6M
Q4 24
$77.0M
$-6.2M
Q3 24
$33.1M
$14.1M
Q2 24
$29.4M
$-38.0M
FCF Margin
INN
INN
SPWH
SPWH
Q1 26
Q4 25
42.0%
2.6%
Q3 25
13.5%
-11.5%
Q2 25
15.5%
-25.7%
Q1 25
5.5%
14.6%
Q4 24
44.5%
-1.9%
Q3 24
18.7%
4.9%
Q2 24
15.2%
-15.5%
Capex Intensity
INN
INN
SPWH
SPWH
Q1 26
29.7%
Q4 25
43.1%
2.3%
Q3 25
12.3%
2.5%
Q2 25
9.8%
1.5%
Q1 25
8.5%
1.0%
Q4 24
51.6%
1.1%
Q3 24
12.7%
1.5%
Q2 24
10.8%
1.4%
Cash Conversion
INN
INN
SPWH
SPWH
Q1 26
Q4 25
2038.00×
Q3 25
Q2 25
23.97×
Q1 25
41.49×
Q4 24
181.58×
Q3 24
Q2 24
1.30×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

INN
INN

Pro forma room revenue$162.1M88%
Pro forma other hotel operations revenue$22.4M12%

SPWH
SPWH

Segment breakdown not available.

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