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

SunCoke Energy, Inc. is the larger business by last-quarter revenue ($480.2M vs $331.3M, roughly 1.4× SPORTSMAN'S WAREHOUSE HOLDINGS, INC.). SPORTSMAN'S WAREHOUSE HOLDINGS, INC. runs the higher net margin — 0.0% vs -17.8%, a 17.8% gap on every dollar of revenue. On growth, SPORTSMAN'S WAREHOUSE HOLDINGS, INC. posted the faster year-over-year revenue change (2.2% vs -1.2%). SunCoke Energy, Inc. produced more free cash flow last quarter ($32.8M vs $8.7M). Over the past eight quarters, SunCoke Energy, Inc.'s revenue compounded faster (-0.8% CAGR vs -5.4%).

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.

Energy Brands, also doing business as Glacéau, is a privately owned subsidiary of the Coca-Cola Company based in Whitestone, Queens, New York, that manufactures and distributes various lines of drinks marketed as enhanced water. Founded in May 1996 by J. Darius Bikoff with an electrolyte enhanced line of water called Smartwater, Energy Brands initially distributed its products to health food stores and independent retailers in the New York area. Adding Fruitwater and Vitaminwater to its line ...

SPWH vs SXC — Head-to-Head

Bigger by revenue
SXC
SXC
1.4× larger
SXC
$480.2M
$331.3M
SPWH
Growing faster (revenue YoY)
SPWH
SPWH
+3.4% gap
SPWH
2.2%
-1.2%
SXC
Higher net margin
SPWH
SPWH
17.8% more per $
SPWH
0.0%
-17.8%
SXC
More free cash flow
SXC
SXC
$24.1M more FCF
SXC
$32.8M
$8.7M
SPWH
Faster 2-yr revenue CAGR
SXC
SXC
Annualised
SXC
-0.8%
-5.4%
SPWH

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
SPWH
SPWH
SXC
SXC
Revenue
$331.3M
$480.2M
Net Profit
$8.0K
$-85.6M
Gross Margin
32.8%
Operating Margin
1.3%
-20.4%
Net Margin
0.0%
-17.8%
Revenue YoY
2.2%
-1.2%
Net Profit YoY
-97.8%
-461.2%
EPS (diluted)
$0.00
$-1.00

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
SPWH
SPWH
SXC
SXC
Q4 25
$331.3M
$480.2M
Q3 25
$293.9M
$487.0M
Q2 25
$249.1M
$434.1M
Q1 25
$340.4M
$436.0M
Q4 24
$324.3M
$486.0M
Q3 24
$288.7M
$490.1M
Q2 24
$244.2M
$470.9M
Q1 24
$370.4M
$488.4M
Net Profit
SPWH
SPWH
SXC
SXC
Q4 25
$8.0K
$-85.6M
Q3 25
$-7.1M
$22.2M
Q2 25
$-21.3M
$1.9M
Q1 25
$-8.7M
$17.3M
Q4 24
$-364.0K
$23.7M
Q3 24
$-5.9M
$30.7M
Q2 24
$-18.1M
$21.5M
Q1 24
$-8.7M
$20.0M
Gross Margin
SPWH
SPWH
SXC
SXC
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
SXC
SXC
Q4 25
1.3%
-20.4%
Q3 25
-1.1%
2.8%
Q2 25
-7.9%
2.3%
Q1 25
1.1%
6.9%
Q4 24
1.0%
7.3%
Q3 24
-1.5%
9.6%
Q2 24
-8.4%
7.4%
Q1 24
-2.1%
7.1%
Net Margin
SPWH
SPWH
SXC
SXC
Q4 25
0.0%
-17.8%
Q3 25
-2.4%
4.6%
Q2 25
-8.5%
0.4%
Q1 25
-2.6%
4.0%
Q4 24
-0.1%
4.9%
Q3 24
-2.0%
6.3%
Q2 24
-7.4%
4.6%
Q1 24
-2.4%
4.1%
EPS (diluted)
SPWH
SPWH
SXC
SXC
Q4 25
$0.00
$-1.00
Q3 25
$-0.18
$0.26
Q2 25
$-0.56
$0.02
Q1 25
$-0.22
$0.20
Q4 24
$-0.01
$0.28
Q3 24
$-0.16
$0.36
Q2 24
$-0.48
$0.25
Q1 24
$-0.22
$0.23

Balance Sheet & Financial Strength

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

Metric
SPWH
SPWH
SXC
SXC
Cash + ST InvestmentsLiquidity on hand
$2.2M
$88.7M
Total DebtLower is stronger
$44.0M
$685.5M
Stockholders' EquityBook value
$209.5M
$597.3M
Total Assets
$913.9M
$1.8B
Debt / EquityLower = less leverage
0.21×
1.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SPWH
SPWH
SXC
SXC
Q4 25
$2.2M
$88.7M
Q3 25
$1.8M
$80.4M
Q2 25
$3.6M
$186.2M
Q1 25
$2.8M
$193.7M
Q4 24
$2.7M
$189.6M
Q3 24
$2.6M
$164.7M
Q2 24
$2.2M
$81.9M
Q1 24
$3.1M
$120.1M
Total Debt
SPWH
SPWH
SXC
SXC
Q4 25
$44.0M
$685.5M
Q3 25
$43.9M
$691.1M
Q2 25
$24.1M
$493.4M
Q1 25
$24.1M
$492.9M
Q4 24
$24.0M
$492.3M
Q3 24
$24.0M
$491.8M
Q2 24
$491.3M
Q1 24
$490.8M
Stockholders' Equity
SPWH
SPWH
SXC
SXC
Q4 25
$209.5M
$597.3M
Q3 25
$208.9M
$695.9M
Q2 25
$215.1M
$677.7M
Q1 25
$235.7M
$684.6M
Q4 24
$243.6M
$680.2M
Q3 24
$243.0M
$658.6M
Q2 24
$247.5M
$636.9M
Q1 24
$264.6M
$623.0M
Total Assets
SPWH
SPWH
SXC
SXC
Q4 25
$913.9M
$1.8B
Q3 25
$948.9M
$1.9B
Q2 25
$929.7M
$1.6B
Q1 25
$852.1M
$1.7B
Q4 24
$967.7M
$1.7B
Q3 24
$901.9M
$1.7B
Q2 24
$930.4M
$1.7B
Q1 24
$886.2M
$1.7B
Debt / Equity
SPWH
SPWH
SXC
SXC
Q4 25
0.21×
1.15×
Q3 25
0.21×
0.99×
Q2 25
0.11×
0.73×
Q1 25
0.10×
0.72×
Q4 24
0.10×
0.72×
Q3 24
0.10×
0.75×
Q2 24
0.77×
Q1 24
0.79×

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
SXC
SXC
Operating Cash FlowLast quarter
$16.3M
$56.6M
Free Cash FlowOCF − Capex
$8.7M
$32.8M
FCF MarginFCF / Revenue
2.6%
6.8%
Capex IntensityCapex / Revenue
2.3%
5.0%
Cash ConversionOCF / Net Profit
2038.00×
TTM Free Cash FlowTrailing 4 quarters
$-39.7M
$42.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SPWH
SPWH
SXC
SXC
Q4 25
$16.3M
$56.6M
Q3 25
$-26.6M
$9.2M
Q2 25
$-60.2M
$17.5M
Q1 25
$52.8M
$25.8M
Q4 24
$-2.5M
$60.9M
Q3 24
$18.5M
$107.2M
Q2 24
$-34.6M
$-9.3M
Q1 24
$68.9M
$10.0M
Free Cash Flow
SPWH
SPWH
SXC
SXC
Q4 25
$8.7M
$32.8M
Q3 25
$-33.9M
$-16.3M
Q2 25
$-64.0M
$4.9M
Q1 25
$49.6M
$20.9M
Q4 24
$-6.2M
$36.1M
Q3 24
$14.1M
$92.1M
Q2 24
$-38.0M
$-26.8M
Q1 24
$60.2M
$-5.5M
FCF Margin
SPWH
SPWH
SXC
SXC
Q4 25
2.6%
6.8%
Q3 25
-11.5%
-3.3%
Q2 25
-25.7%
1.1%
Q1 25
14.6%
4.8%
Q4 24
-1.9%
7.4%
Q3 24
4.9%
18.8%
Q2 24
-15.5%
-5.7%
Q1 24
16.2%
-1.1%
Capex Intensity
SPWH
SPWH
SXC
SXC
Q4 25
2.3%
5.0%
Q3 25
2.5%
5.2%
Q2 25
1.5%
2.9%
Q1 25
1.0%
1.1%
Q4 24
1.1%
5.1%
Q3 24
1.5%
3.1%
Q2 24
1.4%
3.7%
Q1 24
2.4%
3.2%
Cash Conversion
SPWH
SPWH
SXC
SXC
Q4 25
2038.00×
Q3 25
0.41×
Q2 25
9.21×
Q1 25
1.49×
Q4 24
2.57×
Q3 24
3.49×
Q2 24
-0.43×
Q1 24
0.50×

Financial Flow Comparison

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

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