S&W Seed Company

SANW

Agricultural Inputs · Basic Materials

Price

$0.00

+0.00 (+0.00%)

Market Cap

$2,361

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Data as of Aug 23, 2026 · filings through Mar 31, 2025

How the score breaks down

Quality

Weak

Growth

Weak

Cash Flow

Weak

Stability

Mixed

Valuation

Data not available

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Share count rising — dilution

+36.3% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 1.7M (2020) → 2.3M (2024)

Winston Score History

The full picture

S&W Seed Company develops and sells specialty crop seeds to farmers around the world. Its main products include alfalfa seeds, sorghum seeds, and sunflower seeds, which are sold to growers who raise livestock feed and other agricultural crops. The company focuses on breeding improved seed varieties that produce higher yields or perform better in tough growing conditions like drought or heat.

S&W earns money by selling its seeds directly to farmers and through distributor networks, with operations spanning North America, Australia, the Middle East, and other regions. It is a small-cap company competing against much larger agricultural giants like Corteva and Bayer, which limits its pricing power and market reach. The company has posted operating losses in recent years, and its main challenge is reaching profitability while continuing to invest in seed research and development to stay competitive.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+2.0% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

+57.7% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$4M/ year

↓ Declining (-22% vs prior year)

6.7% of revenue

2.2x the sector average (3%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

0.3%ownership

↓ Declining

Insider ownership declining — could be dilution or selling

Cash Runway

~12 months

$18M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Adequate runway but may need to raise capital within 2 years

Growth context

S&W Seed Company is growing revenue at 2% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

37.7%

Modest — 37.7% gross margin

Profit after running costs

Operating Margin

-6.9%

Losing money on operations — -6.9%

Return on the money invested

ROCE

-30.8%

Weak — -30.8% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth

Sales YoY

-26.6%

Shrinking sales (-26.6% YoY)

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

3/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

—

Data not available

Spare cash per sale

FCF Margin

-2.5%

Burning cash (-2.5%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns

Debt / Equity

0.65

Moderate — manageable debt (0.65)

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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