Also trades as: 0ZFN.L (LSE) · $vol 0M

$17.87

+0.28 (+1.59%)

Weekly Expected Move ±3.5%

$16 $17 $18 $18 $19

NASDAQ · Technology · Consumer Electronics · Tech Score Buy · Power 65 · $2.1B mcap · 98M float · 1.99% daily turnover · Short 50% of daily vol

Credit Risk of going bust: lower than 79% of companies Debt: 2.3% of company value Bonds: none of note held by US funds details ▾

Of US companies ranked in the safest four tenths, about 1 in 3,500 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $0.04 (down 99.8%), Sonos, Inc. would be worth roughly what it owes.
Total debt $50.2M against a stock market value of $2.11B.
Distance to default 9.39 (Merton model): prices to 2026-10-27, balance sheet 2026-06-27, debt counted $25.1M (short-term plus half of long-term), stock volatility 47.1%; Altman Z 4.87. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.

Edge Score

Quantitative competitive moat analysis scoring five pillars of durable advantage — cost leadership, brand intangibles, switching costs, network effects, and efficient scale — using industry percentile rankings on a 0–100 scale.

NARROW EDGE

56.7 / 100

NoneWeakNarrowWide

Primary source: Intangible Assets · ROIC: 27.0% · 5Y Avg: -0.1%

Cost Advantage

Intangibles

Switching Cost

Network Effect

Scale

The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. SONO has a Narrow competitive edge (56.7/100) — meaningful but not impregnable advantages over competitors. The primary source of advantage is Intangible Assets. ROIC of 27.0% confirms the company is generating returns well above its cost of capital — a hallmark of durable competitive advantages.

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets

Low

$19

Avg Target

$19

High

Based on 3 analyst ratings (12 mo)

Analyst Recommendations

Strong Buy: 0Buy: 4Hold: 4Sell: 1Strong Sell: 0

Rating Summary

ConsensusBuy

Avg Target$18.67

Analysts3

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-02-04	Morgan Stanley	—	$17	$18	+1	+23.0%	$14.63
2026-01-05	Jefferies	—	$35	$21	-14	+13.2%	$18.55
2025-11-06	Morgan Stanley	—	$11	$17	+6	+2.2%	$16.64
2024-10-16	Rosenblatt Securities	Steve Frankel	$24	$18	-6	+49.8%	$12.02
2024-09-25	Morgan Stanley	Erik Woodring	$28	$11	-17	-12.6%	$12.59
2024-03-25	Rosenblatt Securities	Steve Frankel	Initiated	$24	—	+27.1%	$18.89
2022-06-14	Morgan Stanley	Katy Huberty	Initiated	$28	—	+42.9%	$19.60
2022-06-06	Jefferies	Brent Thill	$50	$35	-15	+57.9%	$22.17
2022-03-14	Jefferies	Brent Thill	Initiated	$50	—	+104.2%	$24.49

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

Oct 27, 2026

DCF

ROE

ROA

D/E

P/E

P/B

The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. SONO receives an overall rating of C. Areas of concern: ROE (1/5), ROA (1/5), P/E (1/5), P/B (2/5).

Rating Change History

Date	From	To
2026-07-30	C-	C
2026-07-29	B-	C-
2026-05-20	B	B-
2026-05-12	B-	B
2026-05-11	C	B-
2026-05-05	C-	C
2026-05-05	C	C-

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ 56 Grade C

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

Safety

100

Cash Flow

The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. SONO scores highest in Safety (100/100) and lowest in Profitability (19/100). A grade of C represents mixed fundamentals — strengths in some areas offset by weaknesses.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score

4.27

Safe Zone

Piotroski F-Score

7/9

✗ ✓ ✓ ✓ ✓ ✓ ✗ ✓ ✓

Beneish M-Score

-3.35

Unlikely Manipulator

Ohlson O-Score

-7.10

Bankruptcy prob: 0.1%

Low Risk

Credit Rating

AAA

Score: 96.3/100

Trend: Improving

Earnings Quality

—

OCF/NI: -3.89x

Accruals: -21.5%

The Altman Z-Score (1968) combines five ratios — working capital, retained earnings, EBIT, market value of equity, and sales, all relative to total assets or liabilities — into a single bankruptcy predictor. SONO scores 4.27, placing it in the Safe Zone (safe > 2.99, distress < 1.81). Bankruptcy is statistically unlikely within the next two years. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. SONO scores 7/9, signaling strong financial health across all three dimensions. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. SONO's score of -3.35 falls below this threshold, suggesting earnings are unlikely to be manipulated. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. SONO's implied 0.1% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. SONO receives an estimated rating of AAA (score: 96.3/100), with a improving trend.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

-57.65x

PEG

0.05x

P/S

1.42x

P/B

5.27x

P/FCF

13.12x

P/OCF

11.16x

EV/EBITDA

11.99x

EV/Revenue

0.96x

EV/EBIT

21.62x

EV/FCF

11.43x

Earnings Yield

-2.31%

FCF Yield

7.62%

Shareholder Yield

4.81%

Graham Number

—

Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. SONO currently has negative earnings — the P/E ratio is not meaningful.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden

1.103

NI / EBT

Interest Burden

-0.519

EBT / EBIT

EBIT Margin

0.044

EBIT / Rev

Asset Turnover

1.736

Rev / Assets

Equity Multiplier

2.138

Assets / Equity

ROE

-9.4%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. SONO's ROE of -9.4% is driven by Asset Turnover (1.736), indicating efficient use of assets to generate revenue. A tax burden ratio of 1.10 indicates minimal tax leakage — the company retains over 90% of pre-tax earnings.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Two adjustments we make, and why. Growth is capped at 15%. Graham defined g as expected growth over the next seven to ten years, not last year's rate. Across US companies since 1994 the median realized 7-year EPS growth is 5–8% regardless of how fast a company grew beforehand, and of 4,457 company-quarters that grew faster than 200%, none sustained it. Uncapped, the formula assigned fair multiples in the hundreds to companies that had never held that rate — and scored worse than simply reading the P/E. Capped, it carries real information. The verdict has three states, not two. Tested over 377,249 stock-months, this ratio only separates outcomes at its extremes: below 0.25 beat the universe by 1.3 points a year, above 3.0 lagged by 2.7, and everything in between sat inside a one-point band. Rather than call two-thirds of the market "undervalued" on a threshold of 1.0, we say Neutral where the model cannot tell — which is most of the time.

Adj. Growth Rate

0.00%

Fair P/E

8.50x

Intrinsic Value

—

Price/Value

—

Margin of Safety

—

Premium

—

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1800 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$17.87

Median 1Y

$16.17

5th Pctile

$6.15

95th Pctile

$42.63

Ann. Volatility

53.1%

25th–75th percentile 5th–95th percentile Median path Historical

Executive Compensation

C-suite compensation breakdown including salary, stock awards, options, and incentive pay. The CEO-to-employee pay ratio and Gini coefficient measure pay distribution fairness.

C-Suite Compensation

Executive	Salary	Stock	Total
Patrick Spence Chief Executive Officer	$350,000	$1,951,253	$2,353,753
Nicholas Millington Product roduct Officer	$350,000	$574,487	$976,987
Michael Giannetto Financial ancial Officer	$362,500	$553,216	$971,966
Matthew Siegel Commercial ercial Officer	$362,500	$500,040	$918,790
Joy Howard Marketing ief Marketing Officer †	$248,498	$—	$435,998

CEO Pay Ratio

9:1

CEO-to-Employee Pay Ratio

CEO Total Comp: $2,353,753

Avg Employee Cost (SGA/emp): $269,323

Employees: 1,404

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees

1,404

-17.8% YoY

Revenue / Employee

$1,027,974

Rev: $1,443,276,000

Profit / Employee

$-43,550

NI: $-61,144,000

SGA / Employee

$269,323

Avg labor cost proxy

R&D / Employee

$199,408

Innovation spend

Scaling Efficiency

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
ROE	36.6%	25.2%	22.6%	20.0%	11.9%	2.9%	-3.1%	-7.0%	-1.9%	-0.7%	-7.9%	-3.1%	-8.1%	-12.9%	-15.8%	-17.7%	-15.6%	-3.9%	6.2%	-9.4%	-9.43%
ROA	16.2%	12.3%	12.4%	10.5%	5.8%	1.5%	-1.8%	-3.7%	-0.9%	-0.4%	-4.4%	-1.6%	-4.0%	-6.6%	-8.1%	-8.5%	-7.0%	-1.8%	2.9%	-4.4%	-4.41%
ROIC	-5.9%	-5.0%	1.4%	57.8%	27.3%	7.1%	-5.4%	-10.9%	13.6%	-11.3%	-12.3%	17.8%	-14.0%	-30.6%	-24.8%	-32.5%	-21.3%	-3.0%	13.0%	27.0%	27.04%
ROCE	23.8%	19.0%	18.9%	16.6%	10.6%	6.8%	-2.1%	-4.1%	0.8%	-1.9%	-4.4%	0.5%	-4.9%	-12.8%	-12.8%	-15.0%	-10.6%	1.5%	7.3%	12.8%	12.84%
Gross Margin	46.4%	47.8%	44.8%	47.3%	39.2%	42.4%	43.3%	46.0%	42.0%	46.1%	44.3%	48.3%	40.3%	43.8%	43.7%	43.4%	43.7%	46.5%	44.3%	50.4%	50.45%
Operating Margin	-3.2%	20.0%	2.5%	1.9%	-19.0%	12.8%	-18.8%	-5.7%	-9.3%	13.0%	-28.1%	3.2%	-27.2%	8.7%	-23.6%	-0.8%	-12.0%	18.4%	-8.9%	6.6%	6.65%
Net Margin	-2.4%	18.6%	2.1%	-0.2%	-20.3%	11.2%	-10.1%	-6.3%	-10.2%	13.2%	-27.6%	0.9%	-20.8%	9.1%	-27.0%	-1.0%	-13.1%	17.2%	-10.3%	-17.3%	-17.30%
EBITDA Margin	-1.6%	21.1%	4.4%	1.7%	-17.9%	18.3%	-14.8%	-1.4%	-6.1%	17.1%	-23.4%	6.2%	-17.6%	11.2%	-16.9%	4.4%	-6.2%	21.3%	-6.8%	10.7%	10.73%
FCF Margin	12.1%	10.3%	6.6%	2.6%	-4.3%	-4.6%	-5.7%	-5.2%	3.0%	9.5%	9.9%	12.8%	8.9%	0.6%	4.4%	4.0%	7.5%	8.5%	8.1%	8.4%	8.40%
OCF Margin	14.8%	12.6%	8.9%	4.6%	-1.6%	-1.5%	-2.5%	-1.5%	6.1%	12.1%	12.6%	15.9%	12.5%	4.9%	8.4%	6.8%	9.5%	10.0%	9.5%	9.9%	9.87%
ROE 3Y Avg	snapshot only																				-10.67%
ROE 5Y Avg	snapshot only																				-4.05%
ROA 3Y Avg	snapshot only																				-5.05%
ROIC 3Y Avg	snapshot only																				-2.73%
ROIC Economic	snapshot only																				12.29%
Cash ROA	snapshot only																				16.67%
Cash ROIC	snapshot only																				76.33%
CROIC	snapshot only																				64.95%
NOPAT Margin	snapshot only																				3.50%
Pretax Margin	snapshot only																				-2.30%
R&D / Revenue	snapshot only																				17.02%
SGA / Revenue	snapshot only																				24.41%
SBC / Revenue	snapshot only																				2.14%

Valuation

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
P/E Ratio	25.53	28.32	27.39	18.68	26.22	116.42	-124.72	-48.61	-159.99	-481.04	-54.13	-115.27	-39.11	-27.21	-18.66	-16.92	-30.18	-128.19	66.87	-43.37	-57.645
P/S Ratio	2.36	2.44	2.14	1.28	1.01	1.26	1.51	1.26	0.99	1.36	1.53	1.20	0.98	1.29	0.88	0.92	1.28	1.57	1.08	1.10	1.418
P/B Ratio	7.12	6.24	5.75	3.57	3.15	3.51	4.10	3.55	3.17	3.65	4.77	4.04	3.48	3.99	3.38	3.24	5.19	5.08	4.12	4.07	5.268
P/FCF	19.50	23.81	32.65	49.33	-23.72	-27.62	-26.35	-24.07	32.80	14.31	15.51	9.38	11.08	222.98	20.01	22.66	17.05	18.40	13.47	13.12	13.118
P/OCF	15.99	19.40	24.21	27.90	—	—	—	—	16.37	11.23	12.08	7.52	7.86	26.51	10.57	13.43	13.48	15.65	11.45	11.16	11.162
EV/EBITDA	18.05	19.38	18.32	11.90	14.18	20.19	81.09	117.65	27.36	49.04	96.15	31.88	52.00	-90.86	-448.95	-90.74	112.65	28.03	14.78	11.99	11.988
EV/Revenue	2.01	2.03	1.83	1.05	0.87	1.04	1.35	1.13	0.89	1.11	1.38	1.06	0.88	1.11	0.77	0.78	1.16	1.36	0.95	0.96	0.960
EV/EBIT	21.93	24.01	22.89	15.37	22.06	36.55	-151.18	-63.20	288.68	-129.22	-78.38	541.46	-49.98	-21.23	-17.54	-14.11	-33.52	236.98	38.41	21.62	21.624
EV/FCF	16.63	19.83	27.86	40.65	-20.52	-22.67	-23.58	-21.66	29.52	11.64	13.98	8.30	9.91	191.59	17.52	19.30	15.50	15.92	11.85	11.43	11.434
Earnings Yield	3.9%	3.5%	3.7%	5.4%	3.8%	0.9%	-0.8%	-2.1%	-0.6%	-0.2%	-1.8%	-0.9%	-2.6%	-3.7%	-5.4%	-5.9%	-3.3%	-0.8%	1.5%	-2.3%	-2.31%
FCF Yield	5.1%	4.2%	3.1%	2.0%	-4.2%	-3.6%	-3.8%	-4.2%	3.0%	7.0%	6.4%	10.7%	9.0%	0.4%	5.0%	4.4%	5.9%	5.4%	7.4%	7.6%	7.62%
PEG Ratio	snapshot only																				0.048
Price/Tangible Book	snapshot only																				6.407
EV/OCF	snapshot only																				9.728
EV/Gross Profit	snapshot only																				2.064
Acquirers Multiple	snapshot only																				21.692
Shareholder Yield	snapshot only																				4.81%

Leverage & Solvency

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
Current Ratio	2.01	1.94	2.18	1.83	1.62	1.85	2.09	2.06	1.86	2.02	1.92	1.65	1.51	1.64	1.56	1.59	1.43	1.65	1.58	1.61	1.615
Quick Ratio	1.62	1.59	1.61	1.16	0.77	1.21	1.17	1.19	0.88	1.56	1.33	1.23	0.87	1.27	1.09	1.23	0.94	1.33	1.11	1.18	1.183
Debt/Equity	0.08	0.06	0.06	0.06	0.06	0.05	0.05	0.10	0.11	0.10	0.12	0.13	0.15	0.14	0.16	0.16	0.17	0.13	0.15	0.12	0.124
Net Debt/Equity	-1.05	-1.05	-0.84	-0.63	-0.43	-0.63	-0.43	-0.36	-0.32	-0.68	-0.47	-0.46	-0.37	-0.56	-0.42	-0.48	-0.47	-0.69	-0.50	-0.52	-0.522
Debt/Assets	0.04	0.03	0.03	0.03	0.03	0.03	0.03	0.05	0.06	0.06	0.06	0.06	0.07	0.07	0.08	0.07	0.07	0.06	0.07	0.06	0.057
Debt/EBITDA	0.23	0.24	0.22	0.23	0.34	0.37	1.10	3.64	1.04	1.73	2.68	1.17	2.50	-3.62	-24.99	-5.13	4.00	0.85	0.62	0.42	0.421
Net Debt/EBITDA	-3.11	-3.90	-3.15	-2.54	-2.21	-4.41	-9.54	-13.10	-3.03	-11.24	-10.50	-4.14	-6.12	14.88	63.63	15.82	-11.28	-4.37	-2.02	-1.77	-1.766
Interest Coverage	266.52	346.85	434.00	272.41	125.51	81.54	-22.04	-39.67	7.00	-20.14	-41.80	6.38	-60.57	-170.02	-149.09	-175.69	-107.60	17.47	77.81	144.16	144.163
Equity Multiplier	2.00	2.02	1.83	1.93	2.12	1.91	1.73	1.80	1.93	1.87	1.87	2.07	2.14	2.05	2.07	2.09	2.32	2.14	2.18	2.19	2.186
Cash Ratio	snapshot only																				0.712
Debt Service Coverage	snapshot only																				260.044
Cash to Debt	snapshot only																				5.201
FCF to Debt	snapshot only																				2.493
Defensive Interval	snapshot only																				220.1 days

Efficiency & Turnover

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
Asset Turnover	1.76	1.42	1.58	1.54	1.51	1.36	1.46	1.44	1.51	1.38	1.56	1.55	1.58	1.40	1.70	1.57	1.66	1.50	1.79	1.74	1.736
Inventory Turnover	4.96	6.19	4.76	3.96	2.99	3.90	3.21	3.01	2.34	3.68	3.36	3.77	2.87	5.15	5.12	5.94	4.04	5.98	5.39	5.83	5.828
Receivables Turnover	22.05	11.89	19.91	18.40	17.35	12.23	17.02	13.91	19.61	16.75	20.06	12.73	27.08	17.59	26.57	12.50	26.16	14.31	21.48	14.10	14.100
Payables Turnover	3.90	3.12	4.05	3.78	3.47	3.45	4.17	4.18	3.58	4.27	5.57	5.20	4.33	4.77	6.79	4.97	4.29	4.35	5.74	4.92	4.922
DSO	17	31	18	20	21	30	21	26	19	22	18	29	13	21	14	29	14	26	17	26	25.9 days
DIO	74	59	77	92	122	94	114	121	156	99	109	97	127	71	71	61	90	61	68	63	62.6 days
DPO	94	117	90	97	105	106	88	87	102	85	66	70	84	76	54	73	85	84	64	74	74.2 days
Cash Conversion Cycle	-3	-27	5	15	38	18	48	60	72	36	61	55	57	15	31	17	19	3	21	14	14.4 days
Fixed Asset Turnover	snapshot only																				14.479
Operating Cycle	snapshot only																				88.5 days
Cash Velocity	snapshot only																				5.710
Capital Intensity	snapshot only																				0.592

Growth (YoY)

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
Revenue	29.4%	23.1%	15.0%	5.8%	2.1%	1.4%	-7.6%	-7.2%	-5.5%	-9.4%	-7.3%	-5.9%	-8.3%	-8.7%	-5.2%	-10.0%	-4.9%	-1.2%	-0.2%	5.6%	5.64%
Net Income	8.9%	2.6%	27.2%	-33.9%	-57.5%	-87.3%	-1.1%	-1.4%	-1.2%	-1.2%	-1.2%	62.2%	-2.7%	-14.2%	-59.0%	-3.7%	-60.3%	74.5%	1.3%	50.4%	50.43%
EPS	8.3%	2.3%	30.3%	-25.5%	-58.2%	-86.2%	-1.2%	-1.4%	-1.2%	-1.2%	-1.2%	61.9%	-2.9%	-14.5%	-64.1%	-4.0%	-61.3%	74.4%	1.3%	50.7%	50.66%
FCF	61.1%	-22.3%	-57.0%	-83.8%	-1.4%	-1.5%	-1.8%	-2.9%	1.7%	2.9%	2.6%	3.3%	1.7%	-94.5%	-57.5%	-71.5%	-19.7%	13.6%	81.9%	1.2%	1.19%
EBITDA	9.7%	1.1%	20.7%	-29.4%	-43.7%	-50.4%	-84.6%	-89.9%	-49.8%	-60.1%	-20.2%	2.3%	-52.6%	-1.5%	-1.1%	-1.2%	-42.0%	4.9%	38.4%	10.8%	10.84%
Op. Income	6.7%	2.5%	36.5%	-24.1%	-42.2%	-71.2%	-1.2%	-1.4%	-1.2%	-1.6%	-70.2%	86.5%	-1.3%	-1.9%	-71.0%	-11.1%	-5.0%	1.0%	1.5%	1.8%	1.77%
OCF Growth	snapshot only																				52.87%
Asset Growth	snapshot only																				5.72%
Equity Growth	snapshot only																				1.06%
Debt Growth	snapshot only																				-19.27%
Shares Change	snapshot only																				0.46%

Growth (CAGR)

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
Revenue 3Y	84.6%	31.2%	22.5%	13.1%	11.6%	9.9%	8.8%	9.2%	7.7%	4.2%	-0.5%	-2.6%	-4.0%	-5.7%	-6.7%	-7.7%	-6.3%	-6.5%	-4.3%	-3.7%	-3.65%
Revenue 5Y	—	—	—	—	—	—	—	—	43.4%	15.7%	9.5%	4.8%	3.8%	1.9%	2.5%	2.0%	1.7%	0.4%	-1.4%	-2.6%	-2.56%
EPS 3Y	—	25.3%	40.7%	63.6%	—	58.2%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EPS 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	-24.5%	—	—
Net Income 3Y	—	35.7%	56.1%	74.4%	—	63.8%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Income 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	-26.6%	—	—
EBITDA 3Y	1.7%	29.1%	36.1%	33.5%	39.0%	23.9%	18.2%	—	44.8%	-25.0%	-47.1%	-38.5%	-48.8%	—	—	—	-48.3%	-8.3%	50.4%	95.3%	95.29%
EBITDA 5Y	—	—	—	—	—	—	—	—	40.0%	-15.7%	-20.9%	-4.8%	-8.6%	—	—	—	-3.5%	-4.0%	-8.8%	-11.9%	-11.87%
Gross Profit 3Y	91.0%	38.5%	27.9%	17.3%	14.7%	10.9%	9.7%	10.0%	7.8%	3.5%	-1.9%	-3.9%	-5.2%	-7.8%	-8.3%	-10.2%	-7.5%	-5.6%	-3.0%	-0.9%	-0.91%
Gross Profit 5Y	—	—	—	—	—	—	—	—	43.9%	18.0%	11.6%	6.6%	5.5%	3.0%	3.7%	2.6%	2.0%	-0.0%	-2.4%	-2.9%	-2.94%
Op. Income 3Y	8.2%	29.8%	47.8%	65.0%	1.5%	1.1%	—	—	—	—	—	—	—	—	—	—	—	-65.0%	—	—	—
Op. Income 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	-46.6%	-18.9%	-18.4%	-18.36%
FCF 3Y	2.5%	24.8%	24.1%	-23.0%	—	—	—	—	-27.0%	-12.8%	-18.0%	-11.4%	-13.4%	-63.9%	-18.3%	7.1%	—	—	—	—	—
FCF 5Y	—	—	—	—	—	—	—	—	58.8%	10.6%	19.7%	14.5%	6.7%	-40.6%	5.3%	1.2%	-3.4%	-11.8%	-15.7%	-15.3%	-15.33%
OCF 3Y	1.6%	27.0%	26.0%	-13.2%	—	—	—	—	-14.7%	-9.1%	-13.6%	-8.4%	-9.1%	-31.4%	-8.5%	5.4%	—	—	—	—	—
OCF 5Y	—	—	—	—	—	—	—	—	46.7%	12.6%	19.6%	14.7%	9.5%	-13.7%	6.1%	0.7%	-3.3%	-11.0%	-14.5%	-14.7%	-14.69%
Assets 3Y	24.7%	29.2%	30.3%	24.5%	16.0%	11.4%	18.3%	18.2%	7.1%	1.3%	-4.1%	-3.9%	-7.0%	-11.1%	-13.6%	-12.4%	-11.5%	-7.7%	-7.5%	-6.1%	-6.09%
Assets 5Y	—	—	—	—	—	—	—	—	11.3%	11.8%	10.8%	8.3%	3.8%	2.0%	4.4%	5.3%	0.2%	-2.3%	-4.3%	-4.0%	-4.04%
Equity 3Y	39.8%	34.4%	32.8%	30.6%	25.9%	19.9%	26.9%	31.2%	20.3%	5.2%	-5.2%	-7.5%	-9.0%	-11.6%	-17.1%	-14.7%	-14.1%	-11.2%	-14.4%	-11.9%	-11.90%
Book Value 3Y	29.0%	24.1%	19.7%	22.5%	18.3%	15.8%	20.5%	24.5%	16.5%	6.3%	-0.5%	-3.6%	-8.1%	-7.6%	-12.8%	-12.9%	-12.6%	-9.6%	-13.7%	-10.2%	-10.16%
Dividend 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

Growth Quality

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
Revenue Stability	0.85	0.92	1.00	0.90	0.88	0.89	0.66	0.51	0.79	0.74	0.53	0.35	0.25	0.07	0.05	0.04	0.03	0.01	0.47	0.76	0.757
Earnings Stability	0.51	0.41	0.60	0.41	0.41	0.03	0.01	0.01	0.07	0.03	0.06	0.01	0.03	0.22	0.27	0.16	0.32	0.50	0.47	0.73	0.728
Margin Stability	0.95	0.93	0.93	0.93	0.95	0.95	0.94	0.94	0.96	0.94	0.94	0.95	0.95	0.95	0.96	0.95	0.97	0.98	0.97	0.95	0.954
Rev. Growth Consistency	1.00	1.00	1.00	1.00	1.00	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.50	0.500
Earn. Growth Consistency	0.50	1.00	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.50	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.500
FCF Positive Streak	1	1	1	1	0	0	0	0	0	0	0	0	1	1	1	1	1	1	1	1	1
Earnings Persistence	0.20	0.50	0.50	0.50	0.50	0.50	0.20	0.20	0.20	0.20	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.20	0.50	0.500
Earnings Smoothness	—	0.00	0.76	0.59	0.19	0.00	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
ROE Trend	0.32	0.17	0.16	0.16	0.01	-0.12	-0.23	-0.33	-0.22	-0.13	-0.18	-0.09	-0.14	-0.16	-0.12	-0.14	-0.12	0.04	0.20	0.02	0.019
Gross Margin Trend	0.05	0.04	0.02	0.02	0.00	-0.03	-0.04	-0.04	-0.03	-0.01	0.00	0.01	0.01	0.00	0.00	-0.01	-0.01	0.00	0.00	0.02	0.022
FCF Margin Trend	0.03	-0.02	-0.04	-0.08	-0.15	-0.18	-0.18	-0.15	-0.01	0.07	0.09	0.14	0.09	-0.02	0.02	0.00	0.02	0.03	0.01	-0.00	-0.000
Sustainable Growth Rate	36.6%	25.2%	22.6%	20.0%	11.9%	2.9%	—	—	—	—	—	—	—	—	—	—	—	—	6.2%	—	—
Internal Growth Rate	19.4%	14.0%	14.2%	11.8%	6.1%	1.5%	—	—	—	—	—	—	—	—	—	—	—	—	3.0%	—	—

Cash Flow Quality

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
OCF/Net Income	1.60	1.46	1.13	0.67	-0.42	-1.36	2.05	0.60	-9.77	-42.85	-4.48	-15.33	-4.98	-1.03	-1.76	-1.26	-2.24	-8.19	5.84	-3.89	-3.885
FCF/OCF	0.82	0.81	0.74	0.57	2.64	3.11	2.31	3.39	0.50	0.78	0.78	0.80	0.71	0.12	0.53	0.59	0.79	0.85	0.85	0.85	0.851
FCF/Net Income	snapshot only																				-3.306
OCF/EBITDA	snapshot only																				1.232
CapEx/Revenue	2.7%	2.3%	2.3%	2.0%	2.6%	3.1%	3.2%	3.7%	3.0%	2.6%	2.8%	3.2%	3.6%	4.3%	3.9%	2.8%	2.0%	1.5%	1.4%	1.5%	1.47%
CapEx/Depreciation	snapshot only																				0.412
Accruals Ratio	-0.10	-0.06	-0.02	0.03	0.08	0.03	0.02	-0.02	-0.10	-0.17	-0.24	-0.26	-0.24	-0.13	-0.22	-0.19	-0.23	-0.17	-0.14	-0.22	-0.215
Sloan Accruals	snapshot only																				-0.018
Cash Flow Adequacy	snapshot only																				6.704

Dividends & Buybacks

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
Dividend Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
Dividend/Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Payout Ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—	—	—	—	—	—	—	—	—	—	—	—	0.0%	—	—
FCF Payout Ratio	0.0%	0.0%	0.0%	0.0%	—	—	—	—	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
Total Payout Ratio	61.7%	90.8%	1.2%	1.6%	2.8%	8.9%	—	—	—	—	—	—	—	—	—	—	—	—	2.9%	—	—
Div. Increase Streak	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Chowder Number	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Buyback Yield	2.4%	3.2%	4.5%	8.4%	10.7%	7.6%	5.6%	5.2%	7.9%	6.2%	7.3%	11.2%	10.3%	8.7%	11.0%	6.7%	4.4%	3.6%	4.4%	4.8%	4.81%
Net Buyback Yield	2.4%	3.2%	4.5%	8.4%	10.7%	7.6%	5.6%	5.2%	7.9%	6.2%	7.3%	11.2%	10.3%	8.7%	11.0%	6.7%	4.3%	2.9%	3.3%	3.3%	3.29%
Total Shareholder Return	2.4%	3.2%	4.5%	8.4%	10.7%	7.6%	5.6%	5.2%	7.9%	6.2%	7.3%	11.2%	10.3%	8.7%	11.0%	6.7%	4.3%	2.9%	3.3%	3.3%	3.29%

DuPont Factors

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
Tax Burden (NI/EBT)	1.01	1.02	0.98	1.00	0.98	0.39	1.30	1.41	-2.34	0.31	1.57	-6.29	1.40	0.90	1.07	0.97	1.21	-2.27	0.66	1.10	1.103
Interest Burden (EBT/EBIT)	1.00	1.00	1.00	1.00	0.99	0.99	1.05	1.03	0.86	1.05	1.02	0.84	1.02	1.01	1.01	1.01	1.01	0.94	0.99	-0.52	-0.519
EBIT Margin	0.09	0.08	0.08	0.07	0.04	0.03	-0.01	-0.02	0.00	-0.01	-0.02	0.00	-0.02	-0.05	-0.04	-0.06	-0.03	0.01	0.02	0.04	0.044
Asset Turnover	1.76	1.42	1.58	1.54	1.51	1.36	1.46	1.44	1.51	1.38	1.56	1.55	1.58	1.40	1.70	1.57	1.66	1.50	1.79	1.74	1.736
Equity Multiplier	2.26	2.05	1.82	1.89	2.06	1.96	1.78	1.87	2.03	1.89	1.79	1.92	2.03	1.95	1.96	2.08	2.22	2.09	2.13	2.14	2.138

Per Share

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
EPS (Diluted TTM)	$1.27	$1.05	$1.01	$0.96	$0.53	$0.15	$-0.16	$-0.34	$-0.08	$-0.04	$-0.35	$-0.13	$-0.31	$-0.55	$-0.58	$-0.63	$-0.51	$-0.14	$0.19	$-0.31	$-0.31
Book Value/Share	$4.55	$4.78	$4.81	$5.03	$4.41	$4.82	$4.79	$4.60	$4.07	$4.69	$3.99	$3.65	$3.53	$3.76	$3.19	$3.32	$2.95	$3.56	$3.08	$3.34	$3.39
Tangible Book/Share	$4.23	$4.30	$4.33	$3.64	$3.09	$3.48	$3.41	$3.23	$2.73	$3.32	$2.62	$2.33	$2.12	$2.42	$1.82	$1.98	$1.63	$2.32	$1.78	$2.12	$2.12
Revenue/Share	$13.72	$12.20	$12.91	$14.04	$13.79	$13.39	$13.01	$12.99	$13.00	$12.59	$12.48	$12.32	$12.51	$11.67	$12.20	$11.72	$11.97	$11.54	$11.71	$12.32	$12.53
FCF/Share	$1.66	$1.25	$0.85	$0.36	$-0.59	$-0.61	$-0.74	$-0.68	$0.39	$1.20	$1.23	$1.57	$1.11	$0.07	$0.54	$0.47	$0.90	$0.98	$0.94	$1.03	$1.05
OCF/Share	$2.02	$1.54	$1.14	$0.64	$-0.22	$-0.20	$-0.32	$-0.20	$0.79	$1.53	$1.58	$1.96	$1.56	$0.57	$1.02	$0.80	$1.13	$1.16	$1.11	$1.22	$1.24
Cash/Share	$5.12	$5.30	$4.34	$3.44	$2.16	$3.28	$2.30	$2.09	$1.73	$3.69	$2.36	$2.17	$1.82	$2.63	$1.86	$2.11	$1.89	$2.92	$2.00	$2.16	$2.19
EBITDA/Share	$1.53	$1.28	$1.29	$1.24	$0.85	$0.69	$0.22	$0.12	$0.42	$0.28	$0.18	$0.41	$0.21	$-0.14	$-0.02	$-0.10	$0.12	$0.56	$0.76	$0.99	$0.99
Debt/Share	$0.36	$0.31	$0.28	$0.28	$0.28	$0.25	$0.24	$0.45	$0.44	$0.49	$0.48	$0.48	$0.53	$0.51	$0.53	$0.52	$0.49	$0.48	$0.47	$0.41	$0.41
Net Debt/Share	$-4.76	$-4.99	$-4.06	$-3.15	$-1.88	$-3.03	$-2.07	$-1.64	$-1.29	$-3.20	$-1.88	$-1.70	$-1.29	$-2.11	$-1.34	$-1.59	$-1.39	$-2.44	$-1.53	$-1.74	$-1.74

Academic Models

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	4.274
Altman Z-Prime	snapshot only																				5.718
Piotroski F-Score	7	7	7	5	2	4	2	2	5	5	4	5	3	3	4	3	5	7	7	7	7
Beneish M-Score	-2.05	-2.00	-1.73	-0.78	-1.35	-2.14	-2.22	-2.62	-3.28	-3.63	-3.89	-3.67	-4.01	-3.06	-3.94	-3.65	-3.23	-2.95	-1.98	-3.35	-3.347
Ohlson O-Score	snapshot only																				-7.102
ROIC (Greenblatt)	snapshot only																				20.15%
Net-Net WC	snapshot only																				$0.94
EVA	snapshot only																				$32842550.00

Credit

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Q3'26	Current
Credit Rating	snapshot only																				AAA
Credit Score	96.15	96.15	96.50	96.34	78.30	84.58	58.14	53.57	87.72	68.14	66.17	86.44	63.08	60.77	65.36	62.92	59.55	95.21	95.90	96.28	96.284
Credit Grade	snapshot only																				1
Credit Trend	snapshot only																				33.365
Implied Spread (bps)	snapshot only																				50.000
Industry Credit Rank	snapshot only																				95
Sector Credit Rank	snapshot only																				88

SONO NASDAQ

Edge Score

Analyst Insights

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

Executive Compensation

C-Suite Compensation

CEO Pay Ratio

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Scaling Efficiency

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