SN SharkNinja, Inc.

Overview and Growth

Fiscal 2025 results for SharkNinja, Inc. combined $6.40B of revenue with net income of $701.37M and an operating cash inflow of $634.13M. Revenue of $6.40B sets the scale for evaluating how effectively sales translated into profit and cash during the year. The top line expanded 15.7% from $5.53B in fiscal 2024, increasing the company’s operating scale. On a per-share basis, diluted EPS was $4.94, which connects the reported earnings outcome with the company’s diluted share count. Diluted EPS increased by 58.8% from $3.11 in fiscal 2024, showing how the earnings change reached shareholders on a per-share basis. Revenue equaled 1.2x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

Gross profit was $3.14B, representing the portion of revenue remaining after the reported cost of revenue and before operating expenses. Gross profit represented 49.0% of revenue, showing how much of the top line remained after direct costs. The reported operating result was $920.28M, capturing profitability after direct costs and the operating expenses reflected in the statements. Operating margin measured 14.4%, showing the portion of revenue preserved after the full set of operating costs. After all reported below-operating-line items, the company recorded net income of $701.37M for the fiscal year. Measured against reported revenue, net income produced a 11.0% margin after operating costs and the remaining recognized items. Before income taxes, the company reported $900.28M of earnings, providing a bridge between the operating result and final net income. Pretax income represented 14.1% of revenue, placing earnings before tax in the context of the company’s operating scale. The reported income-tax provision was $198.90M, the amount recognized between pretax income and the final net-income result. Relative to pretax income, the tax provision measured 22.1%, quantifying the portion of pre-tax earnings paid in income tax.

Liquidity and Capital Structure

Total assets were $5.35B, supported by $2.67B of liabilities and $2.68B of shareholder equity. Current assets were $3.61B against $1.77B of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. At 2.04x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. Cash and equivalents totaled $777.29M, identifying the most liquid reported component available within the broader current-asset balance. Measured only with cash and equivalents, coverage of current liabilities was 43.8%, excluding receivables and other current assets. Total debt was $736.14M, establishing the amount of borrowing carried within the company’s capital structure. Against book equity, debt measured 0.28x, placing the company’s financial leverage in clear balance-sheet terms. Relative to total assets, debt measured 13.8%, showing how much of the asset base was matched by borrowing. The liabilities-to-assets relationship was 50.0%, placing reported obligations against the full positive asset balance. Measured against total assets, cash and equivalents represented 14.5%, a balance-sheet composition measure rather than a liquidity forecast.

Cash Flow and Earnings Quality

Cash flow from operations was $634.13M, a reported cash inflow that can be compared directly with net income and capital spending. Operating cash flow equaled 0.9x of net income, showing how strongly accounting earnings converted into cash from operations. Capital spending was $146.08M, absorbing part of the cash generated from operations before free cash flow. Relative to operating cash flow, capital expenditures measured 23.0%, connecting investment intensity with the company’s cash-generation base. Free cash flow came to $488.05M, leaving a positive amount after capital expenditures. The free-cash-flow margin was 7.6%, measuring cash remaining after capital spending against revenue. Free cash flow equaled 9.1% of total assets, relating post-investment cash generation to the company’s resource base.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.