Forensic Analysis · Retail / Consumer Discretionary · as of Nov 9, 2026
Savers Value Village, Inc. (SVV)
A forensic read on Savers Value Village, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
D · Weak — demands caution
Forensic grade
Distress
Financial health
0.1
Distress distance
Clean
Earnings quality
4
Forensic signals
5.3%
ROE
9.2%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (auditor quality, say on pay, board independence, going concern). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Savers Value Village, Inc. earns a D (Weak — demands caution) forensic quality grade, and its balance-sheet distress test reads 0.1, placing it in the Distress zone. 4 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
5.0%
FY2025
Return on invested capital.Return on invested capital is 5.0% in the latest fiscal year and slipping across FY2023–FY2025 from 8.8%. After-tax operating profit was $128M in FY2023 and $81M in FY2025, with operating income at 9.5% of revenue in FY2023, 8.5% in FY2024 and 7.4% in FY2025. The capital base behind it grew +10% across FY2023–FY2025, from $1.5B to $1.6B, while the return fell 3.8 points, so the dollars added over that window earned less than the 8.8% the older base was already earning.
+2.1%/yr
FY2023–FY2025
Share-count dilution.Diluted share count changed +4% over the last 2 years to FY2025 (+2.1%/yr). The count is growing — 156.2M shares in FY2023, 162.8M in FY2025: more stock was issued than repurchased over this window, so aggregate results grew faster than their per-share equivalents. That's ~2.1% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2023 has been diluted ~4%.
2% of rev
FY2025
Stock-based comp load.Stock-based compensation ran 2% of revenue and 79% of free cash flow in FY2025 — about $0.24 per diluted share. No cash left the business to pay it, which is why operating cash flow adds it back. Net of repurchases the diluted count still rose about 2.1% a year across FY2023–FY2025, and the rate is falling. Stock compensation is one source of that issuance; acquisition consideration, equity raises, convertibles and other employee plans also net into the count, and these figures do not separate them.
93% of FCF
FY2025
Shareholder returns.Returned $45M to shareholders (buybacks + dividends) in FY2025 — 93% of free cash flow. Right at the limit of what free cash flow covers — little room before it's funded by debt or the balance sheet. That ratio has actually been EASING, not tightening further — down from ~315% of free cash flow two years back. Counting the $39M of stock-based comp paid out in shares on top of that, the combined claim on free cash flow is 172%.
Key fundamentals
Latest Revenue$1.68B
Revenue Growth YoY+9.2%
Revenue CAGR (2yr)+5.8%
Net Margin1.3%
Free Cash Flow$48.6M
Return on Equity5.3%
Debt / Equity1.64x
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Savers Value Village, Inc.'s actual 10-K/10-Q/8-K filings?