# SharkNinja, Inc. (SN) — Stock CV

SharkNinja, Inc. is a $26.1B technology company. Revenue grew 17.5% over the last year, it keeps 10¢ of every dollar of sales as profit, and it holds more cash than debt. It trades at 37.5× earnings — near the highest of its own history.

> SharkNinja Inc is a product design and technology company that creates 5-star-rated lifestyle solutions through inventive products for consumers around the world. Its product categories include Cleaning, Cooking, Food Preparation, Home Environment, and Beauty products.

## Identity

- **Ticker**: SN
- **Sector**: Technology
- **Industry**: Household Appliances
- **Headquarters**: NEEDHAM, MA
- **Employees**: 4 143
- **Website**: https://www.sharkninja.com
- **Market cap**: $26.1B
- **Last price**: $184.98
- **Financial profile**: Mixed

## Vitals (TTM)

- **Revenue**: $6.91B
- **Net income**: $695M
- **Free cash flow**: $805M
- **Net cash**: $80.5M
- **P/E**: 37.5
- **Revenue growth (YoY)**: 17.5%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 37 |
| Growth | 95 |
| Profitability | 82 |
| Health | 75 |
| Quality | 84 |
| Moat | 77 |

## Qualifications (beginner checklist) — 9 of 10 passed

- [x] Revenue growing — +17.5% YoY
- [x] Profitable — $695M TTM
- [x] Profit growing — +43.5% YoY
- [x] Generates cash — $805M TTM
- [x] Debt under control — more cash than debt
- [x] Established company — $26.1B market cap
- [x] Not printing shares — +2.1% shares over ~5y
- [x] Proven track record — 5/5 profitable years
- [ ] Financially stable — health score 50/100
- [x] Valuation not extreme — P/E 37.5

## Experience (career milestones)

- **FY2025** — Became debt-free: cash now exceeds total debt
- **FY2025** — Best year on record: $701M net income
- **Jul 31, 2023** — SharkNinja completed its separation from JS Global and became an independent public company
- **FY2021** — Profitable every year on record: 5 consecutive profitable years in our data
- **FY2021** — Revenue already above $1B: $3.73B in first reported year
- **FY2021** — Positive free cash flow every year since: 5-year streak
- **2017** — CDH Private Equity acquired a stake in the company
- **2015** — The company changed its name in 2015 to capitalize on its brand names' prominence and popularity
- **2009** — Shortly thereafter, Mark Barrocas became SharkNinja's president
- **1994** — Founded in 1994 by Mark Rosenzweig and led by CEO Mark Barrocas, who joined the company in 2008 as president
- **1994** — The company has its origins in Euro-Pro Operating LLC in 1994

## Strengths

- High gross margin (48.9%)
- Revenue growing 17.5% year over year
- Net cash position after subtracting debt from cash
- Interest covered 19.5× by operating earnings
- High returns on invested capital (ROIC 27.0%)

## Watch-outs

- None stand out in the data.

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $3.73B | $331M | $181M |
| FY2022 | $3.72B | $232M | $125M |
| FY2023 | $4.25B | $167M | $158M |
| FY2024 | $5.53B | $439M | $309M |
| FY2025 | $6.40B | $701M | $488M |

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Source: https://stockcv.com/SN — derived from company filings; may be delayed or incomplete. Information, not investment advice.