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SharkNinja, Inc.
(NYSE:SN)
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Rating:81Outperform
Price Target:
$163.00
▲(36.29% 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 ~49% gross margin and mid‑teens EBIT margins indicate durable category pricing power and efficient cost structure. This margin base supports reinvestment in R&D and marketing, funds strategic initiatives, and provides a cushion against cyclical cost pressures over the medium term.
Negative Factors
Weaker cash conversion and FCF decline
A roughly 20% drop in free cash flow and operating cash flow representing ~8% of revenue signal working‑capital or timing strain. If sustained, weaker cash conversion can limit funding for capex, marketing or buybacks and increase sensitivity to inventory and receivable cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
High margins and improving profitability
Sustained ~49% gross margin and mid‑teens EBIT margins indicate durable category pricing power and efficient cost structure. This margin base supports reinvestment in R&D and marketing, funds strategic initiatives, and provides a cushion against cyclical cost pressures over the medium term.
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
$20.73B
Dividend YieldN/A
Average Volume (3M)1.89M
Price to Earnings (P/E)29.8
Beta (1Y)1.49
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. Volume1,449,686
30 Day Avg. Volume1,886,603
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 Cap0.93
Enterprise Value/Revenue2.92
Enterprise Value/Gross Profit6.00
Enterprise Value/Ebitda17.86
Forecast
1Y Price Target
$157.11Price Target Upside31.36% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering10
EPS Forecast (FY)6.13
Revenue Forecast (FY)$7.22B
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 makes money primarily by selling branded small household appliances and related accessories/consumables through a mix of retail/wholesale and direct-to-consumer (DTC) channels. (1) Product sales (core revenue): The largest driver is rev...
SharkNinja, Inc. Earnings Call Summary
Earnings Call Date:May 06, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 06, 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
119.60
Price Trends
125.44
Positive
119.57
Positive
112.59
Positive
Market Momentum
7.28
Positive
64.37
Neutral
62.23
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 119.6 is below the 20-day moving average (MA) of 142.01, below the 50-day MA of 125.44, and above the 200-day MA of 112.59, indicating a bullish trend. The MACD of 7.28 indicates Positive momentum. The RSI at 64.37 is Neutral, neither overbought nor oversold. The STOCH value of 62.23 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 | $20.73B | 29.76 | 28.04% | ― | 15.91% | 56.74% | |
70 Outperform | $1.53B | 15.79 | 9.83% | 2.39% | 0.83% | 4.17% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
58 Neutral | $1.52B | 6.89 | 23.12% | 1.84% | -8.33% | ― | |
57 Neutral | $2.73B | 19.92 | 11.64% | 1.49% | 4.20% | -3.21% | |
56 Neutral | $1.34B | 15.14 | 0.83% | 4.16% | 4.68% | ― | |
43 Neutral | $2.44B | 12.79 | 5.85% | 7.40% | -3.60% | 1945.71% |
* Consumer Cyclical Sector Average
SN
SharkNinja, Inc.
152.65
41.66
37.53%
MLKN
MillerKnoll
20.16
0.26
1.29%
LZB
La-Z-Boy Incorporated
39.18
0.95
2.49%
LEG
Leggett & Platt
10.94
1.00
10.09%
PATK
Patrick Industries
82.70
-15.77
-16.01%
WHR
Whirlpool
40.72
-63.99
-61.11%
SharkNinja, Inc. Corporate Events
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.