Latest Ratios: P/E Ratio -14.3x · EV/EBITDA N/A · ROE -40.6%. (2019–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $12.4B | $7.1B | $10.2B | $5.8B | $1.4B | $12.6B | — | — |
| Enterprise Value | $12.3B | $7.0B | $10.1B | $5.4B | $1.3B | $11.2B | — | — |
| P/E Ratio → | -14.34 | — | — | — | — | — | — | — |
| P/S Ratio | 4122.53 | 2353.92 | — | — | 20.34 | 154.18 | — | — |
| P/B Ratio | 5.42 | 3.30 | 5.44 | 2.92 | 0.78 | 3.78 | — | — |
| P/FCF | — | — | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2332.25 | — | — | 18.49 | 136.34 | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | -466.7% | -466.7% | — | — | -895.6% | -750.0% | — | 99.2% |
| Operating Margin | -30033.3% | -30033.3% | — | — | -2723.5% | -891.5% | — | -579.1% |
| Net Profit Margin | -27200.0% | -27200.0% | — | — | -2533.8% | -920.7% | — | -480.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | -40.6% | -40.6% | -38.8% | -42.2% | -67.2% | -39.4% | -36.6% | -13.8% |
| ROA | -36.4% | -36.4% | -34.2% | -37.6% | -60.6% | -35.0% | -32.2% | -13.2% |
| ROIC | -35.0% | -35.0% | -34.8% | -38.4% | -78.5% | -52.7% | -49.8% | -18.8% |
| ROCE | -42.3% | -42.3% | -37.8% | -41.3% | -67.1% | -34.9% | -33.9% | -16.3% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.07 | 0.07 | 0.06 | 0.06 | 0.08 | 0.04 | 0.21 | 0.03 |
| Debt / EBITDA | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.03 | -0.05 | -0.19 | -0.07 | -0.44 | -0.58 | -0.34 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — |
| Interest Coverage | — | — | — | — | — | — | — | — |
Net cash position: cash ($222M) exceeds total debt ($157M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 11.86 | 11.86 | 11.94 | 10.96 | 13.47 | 18.43 | 12.72 | 45.82 |
| Quick Ratio | 11.86 | 11.86 | 11.94 | 10.96 | 13.47 | 18.43 | 12.72 | 45.82 |
| Cash Ratio | 11.50 | 11.50 | 11.65 | 10.81 | 13.27 | 17.69 | 12.12 | 45.22 |
| Asset Turnover | — | 0.00 | — | — | 0.03 | 0.02 | — | 0.03 |
| Inventory Turnover | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $1.8B | $1.6B | $1.3B | $1.1B | $1.1B | $1.1B | $122M |
Imminent liquidity shortfall risk
As reported in recent financial statements, Aurora's P/S ratio of 4155.20 suggests that the market is pricing the firm based on long-term terminal value rather than current fundamentals, as the company remains in a pre-commercial phase with negligible revenue generation relative to its market valuation.
The astronomical P/S multiple indicates that investors are effectively valuing the company as a pure-play option on autonomous trucking success rather than a traditional operating business. This valuation appears highly sensitive to discount rate fluctuations, as any delay in commercialization could lead to significant multiple compression.
Based on reported figures, Aurora's ROIC has consistently trended in negative territory, ranging between -7.9% and -10.2% over the last ten quarters, which highlights the company's inability to generate positive returns on the massive capital investments required for its autonomous software development.
The persistent negative ROIC suggests that the company is currently destroying shareholder value through its intensive R&D spending. Until the company can transition to a commercial model where revenue scales faster than the underlying compute and talent costs, these returns are unlikely to improve.
According to recent quarterly filings, Aurora maintains a current ratio of 9.49, yet this figure is misleading as it masks the rapid depletion of cash reserves, which have fallen significantly as the company continues to fund its high-burn autonomous vehicle development programs without commercial revenue.
While the high current ratio suggests a lack of immediate short-term debt pressure, the underlying cash burn rate indicates that the company's liquidity position is deteriorating rapidly. Investors should monitor the cash runway closely, as the current trajectory may necessitate further dilutive financing to sustain operations.
As noted in financial disclosures, the use of gross margin as a performance indicator for Aurora is fundamentally flawed, as the reported -466.67% margin reflects pilot-phase costs rather than the unit economics of a mature, scalable software-as-a-service autonomous driving business model.
Analysts often misapply traditional margin analysis to Aurora, failing to account for the fact that current costs are dominated by R&D and safety-driver overhead. A more appropriate metric for this stage would be the 'Autonomy Readiness Measure' or 'Cost per Simulated Mile,' which better captures the company's progress toward commercial viability.
Includes 30+ ratios · 7 years · Updated daily
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Quick answers to the most common questions about buying AUR stock.
Aurora Innovation, Inc.'s current P/E ratio is -14.3x. This places it at the 50th percentile of its historical range.
Aurora Innovation, Inc.'s return on equity (ROE) is -40.6%. The historical average is -39.8%.
Based on historical data, Aurora Innovation, Inc. is trading at a P/E of -14.3x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Aurora Innovation, Inc. has -466.7% gross margin and -30033.3% operating margin.