Forensic Analysis · Consumer Staples / Food & Beverage · as of Jun 27, 2026
Simply Good Foods Co (SMPL)
A forensic read on Simply Good Foods Co built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
B · Sound & dependable
Forensic grade
Safe
Financial health
5.4
Altman Z-score
Clean
Earnings quality
2
Forensic signals
-6.2%
ROE
$1.2B
Market cap
Simply Good Foods Co earns a B (Sound & dependable) forensic quality grade, and its Altman Z-score is 5.4, placing it in the Safe zone. 2 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
6%Return on invested capital.Return on invested capital is 6% and slipping from 8% — around its ~8% cost of capital, so growth is roughly value-neutral — watch the trend.
+0.3%/yrShare-count dilution.Diluted share count changed +1% over the last 3 years to FY2025 (+0.3%/yr). Roughly flat — buybacks are about offsetting stock comp, not shrinking the count. Per-share value isn't being meaningfully helped or hurt by the count.
Key fundamentals
Net Margin7.1%
Debt / Equity0.14x
Free Cash Flow$157.9M
Latest Revenue$1.45B
Return on Equity5.7%
Revenue Growth YoY+9.0%
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on Simply Good Foods Co:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about SMPL's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown