Somnigroup International
SGI on NYSE. Somnigroup International sells mattresses and bedding to people in over 100 countries. Market value $13.1bn.
Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.
Should I look at this?
Worth a closer look
Why it could be worth it
What to watch out for
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $5.83 of spare cash in the past 12 months. A savings account pays about $4.
You pay 18.4 years of operating profit for the business. The average large US company costs around 18.
Each dollar kept in the business earns 19 cents a year. Above 10 is good.
Quality score: 92 of 100. Price score: 76 of 100. Our list needs 70 on quality and 60 on price.
$62.74 a share, 4% above its 1-year low
Over the past year the price has ranged from $60.08 to $98.56.
Dividend: 1.0% a year
Paid every year for at least 5 years
Payouts have jumped around in recent years, so this may not repeat.
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $4.9bn | $4.9bn | $4.9bn | $4.9bn | $7.5bn |
| Operating margin | |||||
| Operating margin | 18.5% | 13.8% | 12.3% | 12.9% | 10.1% |
| Debt to equity | |||||
| Debt to equity | 8.16 | n/a | 7.95 | 6.82 | 1.51 |
| Shares outstanding | |||||
| Shares outstanding | 0.17bn | 0.17bn | 0.17bn | 0.21bn | 0.21bn |
Health checks
- Free cash flow positive5 of 5 years
- Accounting looks honest (Beneish)Not enough data
- Financial strength (Piotroski)5 of 8 checks we could run
- Profit backed by cash (accruals)Yes
- Debt1.51× equity
- Revenue growth, five yearsStrong, 15.3% a year
- Buying back its own sharesNo, 23% more shares since 2021
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $1.8 billion last quarter, down 3% on a year ago.
- Profit: $111 million, up 12% on a year ago.
- It keeps 12 cents of each $1 of sales as operating profit, up from 9 cents a year earlier.
- Spare cash over the past 12 months: $769 million, up from $580 million.
- About the same number of shares as a year ago.
- Debt is $4.3 billion more than cash, down from $4.8 billion a year ago.
- Sales grew on a year ago in 3 of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $1.3bn |
| December 2024 | $1.2bn |
| March 2025 | $1.6bn |
| June 2025 | $1.9bn |
| September 2025 | $2.1bn |
| December 2025 | $1.9bn |
| March 2026 | $1.8bn |
| June 2026 | $1.8bn |
| Quarter to | Amount |
|---|---|
| September 2024 | $130m |
| December 2024 | $72m |
| March 2025 | -$33m |
| June 2025 | $99m |
| September 2025 | $177m |
| December 2025 | $141m |
| March 2026 | $104m |
| June 2026 | $111m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 27 February 2026
- Next quarterly (estimated, 10-Q)
- 6 November 2026
Who owns it
6 long-term investors we follow own it, unchanged from 6 last quarter. 538 funds in all.
- Abrams CapitalDavid Abrams
- Value
- $455m
- Share of fund
- 8.3%
- Beutel GoodmanBeutel Goodman team
- Value
- $441,000
- Share of fund
- <0.1%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Select Equity GroupGeorge Loening | $697m | 3.7% | Cut |
| Abrams CapitalDavid Abrams | $455m | 8.3% | |
| Boston PartnersBoston Partners team | $349m | 0.3% | Added |
| Third PointDan Loeb | $202m | 4.3% | Added |
| Gotham Asset ManagementJoel Greenblatt | $55m | 0.1% | Added |
| Beutel GoodmanBeutel Goodman team | $441,000 | <0.1% |
Largest holders overall
- FMR$2.1bnCut
- BlackRock$1.5bnCut
- Vanguard Capital Management$718m
- Select Equity Group$697mCut
- Windacre Partnership$660mAdded
- Vanguard Portfolio Management$645mCut
- State Street$571mAdded
- Linonia Partnership LP$519mCut
- Browning West LP$499mAdded
- Abrams Capital$455m
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
4 investors own more than 5%.
- FMR LLCPassive investorat least 12.5%−1.7 pts(filed with 1 related holder)Since 30 June 2026
- Browning West LPPassive investorat least 5.9%(filed with 1 related holder)Since 31 December 2024
- Vanguard Capital ManagementPassive investor5.1%Since 31 March 2026
- Select Equity GroupPassive investorat least 5.0%−0.6 pts(filed with 1 related holder)Since 31 December 2025
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
FMR LLC Passive investor | at least 12.5%−1.7 pts (filed with 1 related holder) | 30 June 2026 | |
Browning West LP Passive investor | at least 5.9% (filed with 1 related holder) | 31 December 2024 | |
Vanguard Capital Management Passive investor | 5.1% | 31 March 2026 | |
Select Equity Group Passive investor | at least 5.0%−0.6 pts (filed with 1 related holder) | 31 December 2025 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
In the last 12 months, 2 insiders bought $5m of shares on the open market. 1 sold $445,531.
- THOMPSON SCOTT LCEO & PRESIDENT, DirectorBought
- Date
- 27 August 2026
- Shares
- 30,000
- Price
- $62.84
- Value
- $2m
- Rusing Steven HPresident & CEO Mattress FirmSold
- Date
- 22 May 2026
- Shares
- 6,657
- Price
- $66.93
- Value
- $445,531
- Dyer SimonDirectorBought
- Date
- 2 December 2025
- Shares
- 32,000
- Price
- $93.40
- Value
- $3m
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 27 August 2026 | THOMPSON SCOTT L CEO & PRESIDENT, Director | Bought | 30,000 | $62.84 | $2m |
| 22 May 2026 | Rusing Steven H President & CEO Mattress Firm | Sold | 6,657 | $66.93 | $445,531 |
| 2 December 2025 | Dyer Simon Director | Bought | 32,000 | $93.40 | $3m |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
What changed in the risks this year
Companies must list what could hurt them each year. These are the parts that changed since last year’s report.
The Company may not realize the benefits it expects from the Mattress Firm Acquisition or acquisitions or other strategic transactions it may pursue in the future.
Could happenWe could also issue a significant number of shares of our common stock in the future in connection with acquisitions. Any of these issuances could dilute our existing stockholders, and such dilution could be significant. Moreover, such dilution could have a material adverse effect on the market price for the shares of our common stock.
Read moreThe Company may not realize the benefits it expects from the Mattress Firm Acquisition or acquisitions or other strategic transactions it may pursue in the future.
Could happenIn addition, in connection with the acquisition of Mattress Firm, we have committed to maintain a merchandising plan that provides 43% of horizontal premium ($1,500+) floor slots for the placement of third-party premium mattresses. Failure to comply with this commitment could result in legal or administrative proceedings, such as regulatory action or private litigation, and could harm our business, reputation and financial condition.
Read more
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
It's near its lowest price in a year. The deep dive tells you if that's a bargain or a warning.
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.