SMPLSimply Good Foods Co
Food And Kindred Products
- Revenue
- $1.4B
- 6.5% YoY
- Operating margin
- -13.2%
- 223% YoY
- EBITDA
- −$155M
- 187% YoY
- Market cap
- $995M
- Employees
- 282
- $5M revenue each
- Net debt / EBITDA
- —
- $259M net debt
- AI in 10-K
- 0.2
- mentions per 10K words
Takeover score 3 of 13
Fixable underperformance 1 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo—Cash flow under 80% of net income
- Dilutive SBCNo1% of revenueOver 10% of revenue
- Payouts exceed cash flowYes118% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo27% of assetsOver 40% of assets
- Shareholder dissentNo95% lowest supportAny vote under 80% support
Buyer economics 2 of 4
- Low revenue per employeeNo$5M · 93rd pctBottom quartile of its SIC industry
- Quiet on AIYes0.2 per 10K words · 11th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedYes$995M market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo$1M netNet sales over $10M in 12 months
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $1.2B | $1.2B | $1.3B | $1.5B | $1.4B | 6.5% |
| Operating income | $203M | $205M | $206M | $157M | −$180M | 215% |
| Net income | $109M | $134M | $139M | $104M | −$156M | 250% |
| Operating cash flow | $111M | $171M | $216M | $178M | $181M | 1.5% |
| Capex | $5M | $12M | $6M | $21M | $24M | 17% |
| Stock-based comp | $12M | $14M | $18M | $15M | $17M | 13% |
| Buybacks | $60M | $16M | $0 | $51M | $213M | 319% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $1M · 4
- Open-market sells, 12 mo
- $114K · 1
- Net
- $1M
Pay vs performance
No pay-versus-performance disclosure yet.