Latest Ratios: P/E Ratio -2.3x · EV/EBITDA N/A · ROE -45.5%. (2019–2026 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $90M | $87M | $244M | $220M | $256M | $578M | $1.5B | — | — |
| Enterprise Value | $108M | $106M | $235M | $182M | $212M | $517M | $1.6B | — | — |
| P/E Ratio → | -2.30 | — | — | — | — | — | — | — | — |
| P/S Ratio | 0.23 | 0.22 | 0.50 | 0.45 | 0.48 | 1.14 | 4.05 | — | — |
| P/B Ratio | 1.24 | 1.21 | 2.45 | 1.58 | 1.50 | 2.66 | — | — | — |
| P/FCF | — | — | — | — | — | — | — | — | — |
| P/OCF | — | — | — | 36.27 | 54.59 | — | — | — | — |
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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.27 | 0.48 | 0.37 | 0.40 | 1.02 | 4.25 | — | — |
| 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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 61.3% | 61.3% | 62.4% | 61.6% | 57.6% | 55.6% | 59.7% | 60.4% | 56.0% |
| Operating Margin | -10.2% | -10.2% | -7.3% | -9.3% | -11.9% | -18.6% | -5.4% | -11.9% | -18.1% |
| Net Profit Margin | -9.9% | -9.9% | -6.8% | -7.6% | -11.5% | -13.5% | -8.3% | -14.0% | -19.4% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | -45.5% | -45.5% | -27.5% | -23.9% | -31.7% | -235.1% | — | — | — |
| ROA | -18.1% | -18.1% | -11.8% | -10.6% | -14.7% | -23.4% | -29.1% | -56.4% | -79.7% |
| ROIC | -33.3% | -33.3% | -27.4% | -29.9% | -33.8% | -188.1% | — | — | — |
| ROCE | -33.3% | -33.3% | -19.5% | -17.4% | -20.4% | -53.2% | -72.1% | — | — |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.52 | 0.52 | 0.86 | 0.63 | 0.79 | 0.64 | — | — | — |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | 0.26 | -0.09 | -0.27 | -0.26 | -0.28 | — | — | — |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — | — |
| Interest Coverage | -20.02 | -20.02 | -10.79 | -7.51 | -10.33 | -11.50 | -1.87 | -4.79 | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.86 | 1.86 | 1.63 | 2.94 | 3.14 | 3.39 | 1.08 | 0.46 | 0.81 |
| Quick Ratio | 0.71 | 0.71 | 0.92 | 1.82 | 1.89 | 1.98 | 0.45 | 0.13 | 0.28 |
| Cash Ratio | 0.29 | 0.29 | 0.76 | 1.66 | 1.79 | 1.84 | 0.31 | 0.08 | 0.23 |
| Asset Turnover | — | 2.32 | 1.86 | 1.64 | 1.34 | 1.17 | 2.51 | 3.47 | 4.11 |
| Inventory Turnover | 2.02 | 2.02 | 2.07 | 2.23 | 1.83 | 1.47 | 1.97 | 2.24 | 3.16 |
| Days Sales Outstanding | — | 11.39 | 7.13 | 5.73 | 4.47 | 7.02 | 8.61 | 6.39 | 2.96 |
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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 2.0% | 2.0% | 7.6% | 2.8% | 0.4% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 2.0% | 2.0% | 7.6% | 2.8% | 0.4% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $9M | $9M | $9M | $9M | $8M | $7M | $8M | $8M |
Liquidity and capital exhaustion
According to recent market data, BARK trades at a price-to-sales multiple of 0.19, a significant discount that suggests investors are pricing in a high probability of continued revenue contraction and long-term earnings impairment rather than a recovery in the company's core subscription-based business model.
The current valuation multiples, including a negative TTM P/E, indicate that the market is struggling to assign value to a business that has yet to demonstrate a path to consistent profitability. This deep discount relative to peers like Chewy suggests that the market views BARK's current revenue decline as a structural issue rather than a temporary cyclical downturn.
Based on reported financial figures, BARK's ROIC has remained consistently negative, reaching -8.8% in 2026Q4, which indicates that the company is currently destroying shareholder value rather than compounding it through its proprietary product design and subscription-based operational model.
The inability to generate a positive return on invested capital highlights the inefficiency of the company's current cost structure, where high customer acquisition costs and overhead continue to outweigh the benefits of its high gross margins. This trend suggests that management's capital allocation has not yet translated into a sustainable competitive advantage that can drive profitable growth.
As reported in quarterly filings, BARK's cash conversion cycle has expanded to 203 days in 2026Q4, primarily driven by a high days-inventory-outstanding of 249 days, which suggests significant friction in managing themed product inventory and potential risks of obsolescence in the current retail environment.
The extended inventory cycle indicates that the company is struggling to align its themed product launches with actual consumer demand, leading to capital being tied up in slow-moving stock. Investors should monitor whether the shift toward BARK Food can improve these turnover metrics, as the current cycle is placing unnecessary strain on the company's limited liquidity.
Based on the latest balance sheet data, BARK's quick ratio has declined to 0.71 in 2026Q4, signaling that the company's ability to cover its immediate liabilities without relying on inventory liquidation is increasingly constrained as cash reserves continue to dwindle.
The deterioration in the quick ratio reflects a tightening liquidity position that leaves little room for operational errors or unexpected market shocks. Given the negative operating cash flow, the company's reliance on its remaining cash balance warrants close investigation, as it may necessitate dilutive financing to maintain ongoing operations.
While BARK's 65.1% gross margin is often cited as a sign of strength, it is frequently misapplied as a proxy for overall profitability, obscuring the fact that these margins are insufficient to cover the high fixed costs and marketing expenses inherent in the subscription model.
Investors should focus on contribution margin or operating margin instead, as the gross margin metric fails to account for the significant customer acquisition costs required to maintain the subscriber base. Relying on gross margin alone risks overestimating the company's earning power while ignoring the structural challenges of its current cost-intensive business model.
Includes 30+ ratios · 8 years · Updated daily
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Quick answers to the most common questions about buying BARK stock.
BARK, Inc.'s current P/E ratio is -2.3x. This places it at the 50th percentile of its historical range.
BARK, Inc.'s return on equity (ROE) is -45.5%. The historical average is -72.8%.
Based on historical data, BARK, Inc. is trading at a P/E of -2.3x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
BARK, Inc. has 61.3% gross margin and -10.2% operating margin.