Stocktoria
SPAR Group, Inc. SGRP
SPAR Group, Inc. (SGRP) earns a Piotroski F-score of 2/9 (weak financial health), with an Altman Z″ in the distress zone. It does not currently pay a dividend. FY2025 revenue was $136.1M at a -18.1% net margin.
Quality score trend · recomputed for each fiscal year
Each year's score is computed from that year's filing — a rising Piotroski F or Altman Z″ means improving financial health, a fall is worth a look.
Beneish M-score: -2.91 — low (below −2.22 — no manipulation red flag) . A statistical screen for earnings manipulation, not proof — and it doesn't apply to most banks/insurers.
Smart money · insiders, last 12 months
Open-market insider purchases minus sells (SEC Form 4) — real buying with their own money is a bullish “smart money” signal; grants and option exercises are excluded.
How it ranks in Services · percentile among 982 companies
Percentile vs other Services companies we cover — e.g. “stronger than 90%” means only 10% score higher on that measure.
Piotroski F breakdown · 2/9 tests passed
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Altman Z″ components · distress zone
| Component | Value |
|---|---|
| Working capital / assets | -0.143 |
| Retained earnings / assets | -0.39 |
| EBIT / assets | -0.384 |
| Equity / liabilities | 0.014 |
Sector peers · similar-size Services companies compare side by side →
| Ticker | Company | Piotroski F | Altman Z″ | P / E | Revenue growth |
|---|---|---|---|---|---|
| SGRP | SPAR Group, Inc. | 2/9 | -4.77 | — | -16.8% |
| DHX | DHI GROUP, INC. | 4/9 | -0.09 | — | -9.9% |
| BAER | Bridger Aerospace Group Holdings, Inc. | 7/9 | — | 24.1 | +24.6% |
| OPRX | OptimizeRx Corp | 8/9 | 3.37 | 18.7 | +18.8% |
| NOTE | FiscalNote Holdings, Inc. | 2/9 | -12.08 | — | -20.7% |
| PAYS | Paysign, Inc. | 6/9 | 1.14 | 60.5 | +40.5% |
| CASS | CASS INFORMATION SYSTEMS INC | 5/9 | — | 18.9 | +5.3% |
About SPAR Group, Inc.
SPAR Group, Inc., together with its subsidiaries, provides merchandising and brand marketing services in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. It offers merchandising and marketing services, such as resets and cut-ins; price and inventory audits; stock replenishment and rotation services; out of stock management; promotional event setup; and display management, as well as category management and set up services comprising category and product resets, planogram maintenance, display and shelf services, display setup, and point of purchase installation and management. The company also provides remodel and retail transformation consisting of store remodels, store department resets, fixture and banner installations, pop-up store services, and store closings; and assembly and installation services, including assembly of merchandise in stores, in-store services, office setup/down-sizing services, national in-home furniture assembly services, and assembly and installation of fitness equipment services. In addition, it offers business analytics and insights services, such as product dashboards, stock out reporting, visit reporting, real-time service insights, share of shelf analytics, and photo analysis; and fulfillment and distribution services comprising distribution center staffing, point of purchase fulfillment services, kiosk prep, returns processing, picking and packing services, and inventory services. Further, the company serves mass merchandisers, HBAs, and pharmacies, as well as groceries, discounts, dollar, convenience, cash and carry, home improvement, consumer electronics, automotive aftermarket, office supply, personal technology, beverage, household products, consumables, financial products, and independent stores. SPAR Group, Inc. was founded in 1967 and is headquartered in Charlotte, North Carolina.
FAQ
Is SGRP financially healthy?
SPAR Group, Inc.'s Piotroski F-score is 2/9 (8–9 is excellent, 0–3 weak), and its Altman Z″ distress score is in the distress zone.
Does SGRP pay a dividend?
No, SPAR Group, Inc. does not currently pay a dividend.
How profitable is SGRP?
In FY2025, SPAR Group, Inc. had a net margin of -18.1% and a return on equity of -3959.2%.
Is SGRP overvalued or undervalued?
SPAR Group, Inc. trades at about 3.5× trailing earnings — below its 10-year norm (10-year range 6.4×–110.0×, median 12.9×). Stocktoria reports the data, not buy/sell advice.
Is SGRP a good stock to buy?
Stocktoria doesn't give buy or sell advice, but here is the data on SPAR Group, Inc.: a Piotroski F-score of 2/9, an Altman Z″ in the distress zone. Weigh these quality and valuation signals against your own goals.
Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.