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Side-by-side financial comparison of SPORTSMAN'S WAREHOUSE HOLDINGS, INC. (SPWH) and STARZ ENTERTAINMENT CORP (STRZ). 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 $320.9M, roughly 1.0× STARZ ENTERTAINMENT CORP). SPORTSMAN'S WAREHOUSE HOLDINGS, INC. runs the higher net margin — 0.0% vs -16.4%, a 16.4% gap on every dollar of revenue. On growth, SPORTSMAN'S WAREHOUSE HOLDINGS, INC. posted the faster year-over-year revenue change (2.2% vs -7.5%). SPORTSMAN'S WAREHOUSE HOLDINGS, INC. produced more free cash flow last quarter ($8.7M vs $-31.3M). Over the past eight quarters, SPORTSMAN'S WAREHOUSE HOLDINGS, INC.'s revenue compounded faster (-5.4% CAGR vs -40.6%).

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.

Starz Entertainment Corp., formerly known as Lions Gate Entertainment Corporation, or simply Lionsgate, is a Canadian-American entertainment company currently headquartered in Santa Monica, California. Founded by Frank Giustra on July 10, 1997, it is/was domiciled and incorporated in Vancouver, British Columbia.

SPWH vs STRZ — Head-to-Head

Bigger by revenue
SPWH
SPWH
1.0× larger
SPWH
$331.3M
$320.9M
STRZ
Growing faster (revenue YoY)
SPWH
SPWH
+9.7% gap
SPWH
2.2%
-7.5%
STRZ
Higher net margin
SPWH
SPWH
16.4% more per $
SPWH
0.0%
-16.4%
STRZ
More free cash flow
SPWH
SPWH
$40.0M more FCF
SPWH
$8.7M
$-31.3M
STRZ
Faster 2-yr revenue CAGR
SPWH
SPWH
Annualised
SPWH
-5.4%
-40.6%
STRZ

Income Statement — Q3 FY2026 vs Q3 FY2025

Metric
SPWH
SPWH
STRZ
STRZ
Revenue
$331.3M
$320.9M
Net Profit
$8.0K
$-52.6M
Gross Margin
32.8%
Operating Margin
1.3%
-10.8%
Net Margin
0.0%
-16.4%
Revenue YoY
2.2%
-7.5%
Net Profit YoY
-97.8%
-71.9%
EPS (diluted)
$0.00
$-3.15

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
SPWH
SPWH
STRZ
STRZ
Q4 25
$331.3M
Q3 25
$293.9M
$320.9M
Q2 25
$249.1M
$319.7M
Q1 25
$340.4M
Q4 24
$324.3M
$970.5M
Q3 24
$288.7M
$346.9M
Q2 24
$244.2M
$347.6M
Q1 24
$370.4M
Net Profit
SPWH
SPWH
STRZ
STRZ
Q4 25
$8.0K
Q3 25
$-7.1M
$-52.6M
Q2 25
$-21.3M
$-42.5M
Q1 25
$-8.7M
Q4 24
$-364.0K
$-21.9M
Q3 24
$-5.9M
$-30.6M
Q2 24
$-18.1M
$4.2M
Q1 24
$-8.7M
Gross Margin
SPWH
SPWH
STRZ
STRZ
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%
Q1 24
26.8%
Operating Margin
SPWH
SPWH
STRZ
STRZ
Q4 25
1.3%
Q3 25
-1.1%
-10.8%
Q2 25
-7.9%
-8.4%
Q1 25
1.1%
Q4 24
1.0%
3.7%
Q3 24
-1.5%
-4.9%
Q2 24
-8.4%
2.9%
Q1 24
-2.1%
Net Margin
SPWH
SPWH
STRZ
STRZ
Q4 25
0.0%
Q3 25
-2.4%
-16.4%
Q2 25
-8.5%
-13.3%
Q1 25
-2.6%
Q4 24
-0.1%
-2.3%
Q3 24
-2.0%
-8.8%
Q2 24
-7.4%
1.2%
Q1 24
-2.4%
EPS (diluted)
SPWH
SPWH
STRZ
STRZ
Q4 25
$0.00
Q3 25
$-0.18
$-3.15
Q2 25
$-0.56
$-2.54
Q1 25
$-0.22
Q4 24
$-0.01
$-0.09
Q3 24
$-0.16
$-1.83
Q2 24
$-0.48
$0.26
Q1 24
$-0.22

Balance Sheet & Financial Strength

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

Metric
SPWH
SPWH
STRZ
STRZ
Cash + ST InvestmentsLiquidity on hand
$2.2M
$37.0M
Total DebtLower is stronger
$44.0M
$608.7M
Stockholders' EquityBook value
$209.5M
$663.2M
Total Assets
$913.9M
$2.0B
Debt / EquityLower = less leverage
0.21×
0.92×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SPWH
SPWH
STRZ
STRZ
Q4 25
$2.2M
Q3 25
$1.8M
$37.0M
Q2 25
$3.6M
$51.6M
Q1 25
$2.8M
Q4 24
$2.7M
$200.5M
Q3 24
$2.6M
$229.6M
Q2 24
$2.2M
$192.5M
Q1 24
$3.1M
Total Debt
SPWH
SPWH
STRZ
STRZ
Q4 25
$44.0M
Q3 25
$43.9M
$608.7M
Q2 25
$24.1M
$611.7M
Q1 25
$24.1M
Q4 24
$24.0M
$2.4B
Q3 24
$24.0M
$2.1B
Q2 24
$1.5B
Q1 24
Stockholders' Equity
SPWH
SPWH
STRZ
STRZ
Q4 25
$209.5M
Q3 25
$208.9M
$663.2M
Q2 25
$215.1M
$712.3M
Q1 25
$235.7M
Q4 24
$243.6M
$-168.3M
Q3 24
$243.0M
$935.9M
Q2 24
$247.5M
$973.1M
Q1 24
$264.6M
Total Assets
SPWH
SPWH
STRZ
STRZ
Q4 25
$913.9M
Q3 25
$948.9M
$2.0B
Q2 25
$929.7M
$2.1B
Q1 25
$852.1M
Q4 24
$967.7M
$7.2B
Q3 24
$901.9M
$7.1B
Q2 24
$930.4M
$7.2B
Q1 24
$886.2M
Debt / Equity
SPWH
SPWH
STRZ
STRZ
Q4 25
0.21×
Q3 25
0.21×
0.92×
Q2 25
0.11×
0.86×
Q1 25
0.10×
Q4 24
0.10×
Q3 24
0.10×
2.24×
Q2 24
1.59×
Q1 24

Cash Flow & Capital Efficiency

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

Metric
SPWH
SPWH
STRZ
STRZ
Operating Cash FlowLast quarter
$16.3M
$-26.1M
Free Cash FlowOCF − Capex
$8.7M
$-31.3M
FCF MarginFCF / Revenue
2.6%
-9.8%
Capex IntensityCapex / Revenue
2.3%
1.6%
Cash ConversionOCF / Net Profit
2038.00×
TTM Free Cash FlowTrailing 4 quarters
$-39.7M
$-317.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SPWH
SPWH
STRZ
STRZ
Q4 25
$16.3M
Q3 25
$-26.6M
$-26.1M
Q2 25
$-60.2M
$65.4M
Q1 25
$52.8M
Q4 24
$-2.5M
$-335.3M
Q3 24
$18.5M
$9.1M
Q2 24
$-34.6M
$-33.5M
Q1 24
$68.9M
Free Cash Flow
SPWH
SPWH
STRZ
STRZ
Q4 25
$8.7M
Q3 25
$-33.9M
$-31.3M
Q2 25
$-64.0M
$58.5M
Q1 25
$49.6M
Q4 24
$-6.2M
$-349.3M
Q3 24
$14.1M
$4.4M
Q2 24
$-38.0M
$-38.4M
Q1 24
$60.2M
FCF Margin
SPWH
SPWH
STRZ
STRZ
Q4 25
2.6%
Q3 25
-11.5%
-9.8%
Q2 25
-25.7%
18.3%
Q1 25
14.6%
Q4 24
-1.9%
-36.0%
Q3 24
4.9%
1.3%
Q2 24
-15.5%
-11.0%
Q1 24
16.2%
Capex Intensity
SPWH
SPWH
STRZ
STRZ
Q4 25
2.3%
Q3 25
2.5%
1.6%
Q2 25
1.5%
2.2%
Q1 25
1.0%
Q4 24
1.1%
1.4%
Q3 24
1.5%
1.4%
Q2 24
1.4%
1.4%
Q1 24
2.4%
Cash Conversion
SPWH
SPWH
STRZ
STRZ
Q4 25
2038.00×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
-7.98×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

SPWH
SPWH

Segment breakdown not available.

STRZ
STRZ

Over The Top Subscription Service OTT$222.8M69%
Linear Subscription Service$98.1M31%

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