Latest Ratios: P/E Ratio -0.4x · EV/EBITDA N/A · ROE -112.3%. (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 | $29M | $33M | $55M | $186M | $360M | $1.0B | — | — |
| Enterprise Value | $42M | $46M | $42M | $149M | $298M | $757M | — | — |
| P/E Ratio → | -0.37 | — | — | — | — | — | — | — |
| P/S Ratio | 0.19 | 0.22 | 0.29 | 0.73 | 1.21 | 3.77 | — | — |
| P/B Ratio | 0.79 | 0.93 | 0.54 | 1.00 | 1.14 | 2.63 | — | — |
| 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 | — | 0.30 | 0.22 | 0.59 | 1.00 | 2.73 | — | — |
| 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 | 35.8% | 35.8% | 42.7% | 41.0% | 43.5% | 52.9% | 51.4% | 51.0% |
| Operating Margin | -49.3% | -49.3% | -51.4% | -60.2% | -33.7% | -11.8% | -13.3% | -4.7% |
| Net Profit Margin | -50.7% | -50.7% | -49.2% | -60.0% | -34.0% | -16.4% | -11.8% | -7.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | -112.3% | -112.3% | -65.0% | -60.7% | -28.4% | -24.4% | — | — |
| ROA | -51.8% | -51.8% | -36.0% | -37.5% | -20.8% | -12.4% | -13.0% | -9.4% |
| ROIC | -82.0% | -82.0% | -61.7% | -56.9% | -41.4% | -30.7% | -61.9% | -35.8% |
| ROCE | -70.5% | -70.5% | -45.9% | -42.8% | -23.8% | -11.0% | -20.0% | -8.8% |
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 | 1.10 | 1.10 | 0.53 | 0.51 | 0.33 | — | — | — |
| Debt / EBITDA | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | 0.36 | -0.13 | -0.20 | -0.20 | -0.73 | — | — |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — |
| Interest Coverage | -71.06 | -71.06 | — | — | — | -250.34 | -99.92 | -112.04 |
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 | 2.02 | 2.02 | 2.94 | 4.37 | 6.18 | 5.48 | 3.93 | 2.61 |
| Quick Ratio | 1.06 | 1.06 | 1.95 | 3.18 | 3.84 | 4.16 | 2.85 | 1.75 |
| Cash Ratio | 0.66 | 0.66 | 1.50 | 2.69 | 3.35 | 3.56 | 2.32 | 1.44 |
| Asset Turnover | — | 1.39 | 1.00 | 0.77 | 0.61 | 0.57 | 0.90 | 1.25 |
| Inventory Turnover | 2.52 | 2.52 | 2.46 | 2.59 | 1.44 | 1.22 | 1.80 | 2.14 |
| Days Sales Outstanding | — | 16.37 | 26.53 | 26.24 | 21.60 | 52.55 | 39.44 | 20.95 |
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 | — | $8M | $8M | $8M | $7M | $3M | $6M | $6M |
Imminent liquidity shortfall risk
According to current market data, BIRD trades at a price-to-sales ratio of 0.24, a valuation level that suggests investors have largely abandoned growth expectations and are instead pricing the company as a distressed asset facing significant existential risk rather than a viable long-term retail competitor.
The lack of a meaningful P/E or EV/EBITDA multiple underscores the market's focus on the company's inability to achieve positive earnings. This valuation level implies that the market is heavily discounting the brand's future cash flows, likely anticipating further dilution or a potential liquidation scenario.
As reported in recent financial statements, BIRD's gross margin has deteriorated to 21.7% in 2026Q1, which indicates that the company's reliance on heavy promotional activity to clear inventory is severely undermining its ability to maintain the premium pricing power required for a sustainable footwear business model.
The persistent negative operating margin of -88.3% suggests that the company's fixed cost base remains far too high relative to its current revenue scale. Investors should monitor whether the pivot to wholesale channels can stabilize these margins or if the brand is structurally locked into a low-margin, high-discount cycle.
Based on the provided figures, the ROIC has plummeted to -35.2% in 2026Q1, reflecting a consistent failure to generate adequate returns on invested capital as the company continues to burn through its remaining equity base to fund ongoing operational deficits and unsuccessful expansion efforts.
The negative ROE and ROIC trends highlight a fundamental destruction of shareholder value over the past ten quarters. This decay suggests that the company's capital allocation strategy has been ineffective, and without a drastic improvement in operational efficiency, the firm may struggle to attract the capital necessary for a turnaround.
According to the latest quarterly data, the cash conversion cycle has reached 110 days, a metric that highlights significant inefficiencies in inventory management and suggests that the company is struggling to convert its product into cash quickly enough to support its dwindling liquidity position.
The high days inventory outstanding of 191 days indicates that the company is holding onto excess or slow-moving stock for far too long. This inefficiency ties up critical cash reserves and increases the risk of further inventory write-downs, which would only serve to exacerbate the current liquidity crunch.
As indicated by the reported financial figures, the debt-to-equity ratio has surged to 2.04 in 2026Q1, signaling that the company's reliance on debt is increasing at a time when its equity base is being rapidly eroded by cumulative losses and persistent negative cash flow generation.
The negative interest coverage ratio of -23.41 confirms that the company is unable to service its debt obligations through core operations. This leverage profile warrants extreme caution, as it suggests the company is increasingly dependent on external financing to remain a going concern.
The price-to-sales ratio is frequently misapplied to BIRD, as it obscures the company's severe liquidity constraints and the structural shift from high-margin direct-to-consumer sales to lower-margin wholesale distribution, which fundamentally alters the quality and sustainability of the revenue being generated by the business.
Investors should instead focus on the cash burn rate and the remaining liquidity runway, as these metrics provide a more accurate picture of the company's immediate survival risk. Relying on P/S multiples ignores the reality that revenue growth is currently being achieved at the expense of profitability and balance sheet integrity.
Includes 30+ ratios · 7 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying BIRD stock.
Allbirds, Inc.'s current P/E ratio is -0.4x. This places it at the 50th percentile of its historical range.
Allbirds, Inc.'s return on equity (ROE) is -112.3%. The historical average is -58.2%.
Based on historical data, Allbirds, Inc. is trading at a P/E of -0.4x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Allbirds, Inc. has 35.8% gross margin and -49.3% operating margin.