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SharkNinja, Inc.
(NYSE:SN)
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Rating:81Outperform
Price Target:
$187.00
▲(25.84% Upside)
Action:Reiterated
Date:06/19/26
The score is driven primarily by strong fundamentals (high margins, improved profitability, low leverage) and supportive price momentum. Raised FY2026 guidance reinforces the growth/profitability outlook, while the main constraints are softer cash-flow conversion and a relatively high P/E multiple with no dividend yield provided.
Positive Factors
High margins and improving profitability
Sustained gross margins near 49% and mid‑teens operating margins indicate durable pricing power and category economics. Margin expansion to ~10–11% net shows cost leverage from scale, supporting reinvestment in R&D, marketing and DTC growth without immediate margin strain.
Negative Factors
Weak cash-flow conversion
A meaningful decline in free cash flow and OCF representing only ~8% of revenue signals working-capital and timing pressure. Even with strong earnings, weaker cash conversion limits organic funding for growth, increases sensitivity to inventory swings and could constrain capital-return plans.
Read all positive and negative factors
Positive Factors
Negative Factors
High margins and improving profitability
Sustained gross margins near 49% and mid‑teens operating margins indicate durable pricing power and category economics. Margin expansion to ~10–11% net shows cost leverage from scale, supporting reinvestment in R&D, marketing and DTC growth without immediate margin strain.
Read all positive factors
SharkNinja, Inc. Key Performance Indicators (KPIs)
Any
Net Sales by Geography
Shows where revenue is coming from geographically, highlighting reliance on the U.S. versus international markets and regions with faster growth. Useful for assessing exposure to local economic cycles, currency swings, distribution strength, and expansion opportunities or concentration risk.
Shows where revenue is coming from geographically, highlighting reliance on the U.S. versus international markets and regions with faster growth. Useful for assessing exposure to local economic cycles, currency swings, distribution strength, and expansion opportunities or concentration risk.
Data provided by:
The Fly
The FlySharkNinja, Inc. (SN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$22.89B
Dividend YieldN/A
Average Volume (3M)1.44M
Price to Earnings (P/E)32.4
Beta (1Y)1.50
Revenue Growth15.91%
EPS Growth56.74%
CountryUS
Employees4,143
SectorConsumer Cyclical
Sector Strength84
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)5.00
Shares Outstanding141,520,390
10 Day Avg. Volume1,489,227
30 Day Avg. Volume1,436,001
Financial Highlights & Ratios
PEG Ratio0.39
Price to Book (P/B)5.89
Price to Sales (P/S)2.47
P/FCF Ratio33.26
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$169.90Price Target Upside14.33% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering11
EPS Forecast (FY)6.17
Revenue Forecast (FY)$7.24B
SharkNinja, Inc. Business Overview & Revenue Model
Company Description
SharkNinja, Inc., a product design and technology company, engages in the provision of various solutions for consumers in the United States, China, and internationally. It offers cleaning appliances, including corded and cordless vacuums, such as ...
How the Company Makes Money
SharkNinja primarily makes money by selling branded consumer products (small appliances and related accessories) through a mix of retail/wholesale and direct-to-consumer (DTC) channels. (1) Retail/wholesale product sales: A significant portion of ...
SharkNinja, Inc. Earnings Call Summary
Earnings Call Date:May 06, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 05, 2026
Earnings Call Sentiment Positive
The call communicated strong momentum: robust revenue growth (15.6% YoY), particularly international (31.6%), healthy category performance, improving profitability (adjusted EBITDA +17.5%, adjusted EPS +25%), raised full-year guidance, meaningful cash on the balance sheet and active capital-return optionality. Management also highlighted transformational initiatives (company-wide AI, DTC and TikTok Shop expansion) and recent viral product traction. Offsetting these positives are margin pressures from tariffs and commodity/resin risk (adjusted gross margin down ~100 bps), a small decline in food preparation, elevated inventories and some near-term noise from EMEA distributor-to-direct transitions and tax-driven G&A increases. Overall, the positives materially outweigh the negatives, with the company raising guidance and emphasizing operational discipline and growth investments.Positive Updates
Strong Top-Line Growth
Net sales increased 15.6% year-over-year to $1.41 billion; domestic net sales rose 8.4% to $916 million and international net sales grew 31.6% to $497 million. Management noted the 12th consecutive quarter of double-digit organic net sales growth and double-digit point-of-sale growth domestically.
Negative Updates
Gross Margin Headwinds
Adjusted gross margin declined ~100 basis points year-over-year to 49.2% (GAAP gross margin down ~10 bps to 49.3%), reflecting tariff impacts and commodity/resin pressure. Management noted ongoing raw-material cost and resin price risk tied to the Middle East conflict.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Top-Line Growth
Net sales increased 15.6% year-over-year to $1.41 billion; domestic net sales rose 8.4% to $916 million and international net sales grew 31.6% to $497 million. Management noted the 12th consecutive quarter of double-digit organic net sales growth and double-digit point-of-sale growth domestically.
Read all positive updates
Company Guidance
SharkNinja raised its 2026 outlook, now forecasting full‑year net sales growth of 11.5%–12.5% (up from prior 10%–11%), adjusted net income per diluted share of $6.00–$6.10 (vs. $5.90–$6.00 prior), and adjusted EBITDA of $1.29–$1.30 billion (implying +13.5%–14.5% YoY vs. prior $1.27–$1.28B, +11.8%–12.7%); the guide assumes current tariff levels persist (minimum rates moved from 20% to 10% for China, Vietnam, Indonesia, Thailand, Malaysia and Cambodia), does not assume any tariff‑refund benefit, and notes resin/raw‑material price risk from the Middle East conflict, while expecting net interest expense flat to 2025, a GAAP effective tax rate of ~22%–23% and capital expenditures of $190–$210 million. These targets follow a strong Q1 that featured $1.41 billion of net sales (+15.6% YoY), domestic $916M (+8.4%), international $497M (+31.6%), adjusted EBITDA $235M (+17.5%, 16.7% margin), adjusted EPS $1.09 (+25%), adjusted gross margin ~49.2% (down ~100 bps), cash ~$512M, total debt $729M, ~ $489M revolver capacity available, inventories $1.03B (+6.3%), and ~$20M repurchased under a $750M authorization.SharkNinja, Inc. Financial Statement Overview
Summary
Income Statement
88
Very Positive
Balance Sheet
86
Very Positive
Cash Flow
64
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.59B | 6.40B | 5.53B | 4.25B | 3.72B | 3.73B |
| Gross Profit | 3.21B | 3.14B | 2.66B | 1.91B | 1.41B | 1.44B |
| EBITDA | 1.08B | 1.09B | 759.29M | 441.96M | 415.71M | 508.80M |
| Net Income | 705.00M | 701.37M | 438.70M | 167.08M | 232.35M | 331.11M |
Balance Sheet | ||||||
| Total Assets | 5.02B | 5.35B | 4.39B | 3.49B | 3.29B | 3.36B |
| Cash, Cash Equivalents and Short-Term Investments | 511.77M | 777.29M | 363.67M | 154.06M | 192.89M | 225.36M |
| Total Debt | 860.87M | 901.52M | 938.99M | 871.07M | 510.96M | 563.75M |
| Total Liabilities | 2.26B | 2.67B | 2.46B | 2.01B | 1.47B | 1.59B |
| Stockholders Equity | 2.76B | 2.68B | 1.94B | 1.48B | 1.83B | 1.76B |
Cash Flow | ||||||
| Free Cash Flow | 378.34M | 474.35M | 295.44M | 148.80M | 110.53M | 169.07M |
| Operating Cash Flow | 532.71M | 634.13M | 446.62M | 280.60M | 204.96M | 229.15M |
| Investing Cash Flow | -161.32M | -159.78M | -151.18M | -118.08M | -52.38M | -66.37M |
| Financing Cash Flow | -95.09M | -77.08M | -81.22M | -234.87M | -160.17M | -54.50M |
SharkNinja, Inc. Technical Analysis
Positive
148.60
Price Trends
139.06
Positive
124.41
Positive
116.88
Positive
Market Momentum
3.79
Positive
56.11
Neutral
33.03
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SN, the sentiment is Positive. The current price of 148.6 is below the 20-day moving average (MA) of 152.29, above the 50-day MA of 139.06, and above the 200-day MA of 116.88, indicating a bullish trend. The MACD of 3.79 indicates Positive momentum. The RSI at 56.11 is Neutral, neither overbought nor oversold. The STOCH value of 33.03 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SN.
SharkNinja, Inc. Risk Analysis
SharkNinja, Inc. disclosed 84 risk factors in its most recent earnings report. SharkNinja, Inc. reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
SharkNinja, Inc. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $22.89B | 32.35 | 28.05% | ― | 15.91% | 56.74% | |
70 Outperform | $1.58B | 15.82 | 9.83% | 2.38% | 0.83% | 4.17% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
58 Neutral | $1.34B | 6.05 | 23.12% | 1.79% | -8.33% | ― | |
56 Neutral | $1.53B | 17.06 | 6.94% | 3.40% | 4.68% | ― | |
56 Neutral | $2.72B | 18.10 | 12.61% | 2.14% | 3.20% | 18.00% | |
43 Neutral | $2.43B | 12.67 | 5.85% | 11.94% | -3.60% | 1945.71% |
* Consumer Cyclical Sector Average
SN
SharkNinja, Inc.
161.77
45.50
39.13%
MLKN
MillerKnoll
22.52
3.74
19.91%
LZB
La-Z-Boy Incorporated
39.38
4.34
12.38%
LEG
Leggett & Platt
9.80
1.51
18.23%
PATK
Patrick Industries
82.55
-16.68
-16.81%
WHR
Whirlpool
37.50
-42.69
-53.24%
SharkNinja, Inc. Corporate Events
Regulatory Filings and Compliance
SharkNinja Board Approves Waiver for Chairman’s Share Sale
Neutral
Jul 13, 2026
On July 10, 2026, SharkNinja, Inc.’s board of directors granted a one-time limited waiver of its insider trading and ethics policies to Chairman CJ Xuning Wang, allowing him to transact in company securities during a normally restricted blac...
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and ComplianceShareholder Meetings
SharkNinja Shareholders Approve Governance Updates at 2026 AGM
Positive
Jun 18, 2026
On June 18, 2026, SharkNinja, Inc. held its 2026 Annual General Meeting in Needham, Mass., with 95.23% of its 141.6 million ordinary shares represented, and shareholders reappointed seven directors and ratified Ernst Young LLP as the company̵...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.