Latest Ratios: P/E Ratio -126.2x · EV/EBITDA 95.1x · ROE -9.8%. (2018–2025 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 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $7.7B | $6.0B | $2.9B | $1.8B | $998M | $3.0B | — | — | — |
| Enterprise Value | $7.9B | $6.3B | $3.2B | $2.1B | $1.4B | $2.9B | — | — | — |
| P/E Ratio → | -126.20 | — | — | — | — | — | — | — | — |
| P/S Ratio | 1.10 | 0.87 | 0.52 | 0.36 | 0.17 | 0.46 | — | — | — |
| P/B Ratio | 9.17 | 7.68 | 7.11 | 4.06 | 1.92 | 3.50 | — | — | — |
| P/FCF | 37.75 | 29.74 | 27.73 | — | — | — | — | — | — |
| P/OCF | 35.42 | 27.90 | 24.15 | — | — | — | — | — | — |
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 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.91 | 0.57 | 0.43 | 0.23 | 0.46 | — | — | — |
| EV / EBITDA | 95.08 | 75.54 | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | 30.99 | 30.32 | — | — | — | — | — | — |
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 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 10.6% | 10.6% | 17.7% | 18.0% | 18.0% | 17.3% | 17.8% | 18.9% | 21.4% |
| Operating Margin | -0.4% | -0.4% | -2.8% | -6.4% | -9.8% | -7.7% | -7.3% | -16.8% | -26.9% |
| Net Profit Margin | -0.8% | -0.8% | -2.7% | -6.6% | -10.0% | -7.7% | -7.3% | -16.3% | -25.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | -9.8% | -9.8% | -36.6% | -67.5% | -87.9% | -58.3% | — | -479.9% | -26.5% |
| ROA | -4.3% | -4.3% | -13.2% | -23.9% | -36.1% | -31.2% | -19.1% | -31.8% | -23.1% |
| ROIC | -2.5% | -2.5% | -15.6% | -27.4% | -51.1% | -3811.9% | — | -3743.5% | -24.9% |
| ROCE | -2.9% | -2.9% | -18.3% | -33.4% | -49.5% | -40.3% | -23.0% | -36.9% | -26.9% |
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 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.58 | 0.58 | 1.21 | 1.24 | 1.47 | 0.69 | — | — | — |
| Debt / EBITDA | 5.44 | 5.44 | — | — | — | — | — | — | — |
| Net Debt / Equity | — | 0.32 | 0.66 | 0.85 | 0.77 | -0.04 | — | — | -0.15 |
| Net Debt / EBITDA | 3.05 | 3.05 | — | — | — | — | — | — | — |
| Debt / FCF | — | 1.25 | 2.59 | — | — | — | — | — | — |
| Interest Coverage | -5.64 | -5.64 | -23.13 | -28.37 | -162.94 | -205.38 | -452.17 | — | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.86 | 0.86 | 0.93 | 0.96 | 1.00 | 1.82 | 2.13 | 4.19 | 8.85 |
| Quick Ratio | 0.86 | 0.86 | 0.93 | 0.96 | 1.00 | 1.82 | 2.13 | 4.19 | 8.85 |
| Cash Ratio | 0.54 | 0.54 | 0.63 | 0.57 | 0.70 | 1.41 | 1.56 | 3.07 | 8.01 |
| Asset Turnover | — | 4.52 | 4.78 | 4.21 | 3.93 | 3.57 | 2.73 | 1.62 | 0.91 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 2.99 | 4.73 | 4.53 | 4.82 | 4.63 | 10.23 | 19.31 | 13.57 |
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 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — |
| FCF Yield | 2.6% | 3.4% | 3.6% | — | — | — | — | — | — |
| 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 | — | $572M | $502M | $467M | $428M | $326M | $398M | $355M | $355M |
High Agent Churn Sensitivity
According to current market data, Compass trades at a forward P/E of 35.62, a valuation that appears disconnected from the company's historical net losses and the inherent volatility of its transaction-based revenue model when compared to traditional brokerage peers like Douglas Elliman.
The market's willingness to assign a premium valuation suggests an expectation of significant future margin expansion that has yet to materialize in the financials. Investors should monitor whether this multiple is supported by genuine operating leverage or if it reflects an overly optimistic view of the platform's long-term scalability.
Based on reported figures, the company's gross margin has struggled to maintain levels above 18%, with recent data showing significant volatility that underscores the competitive pressure to offer high commission splits to retain top-producing agents in a challenging housing market.
The inability to consistently expand gross margins suggests that the proprietary technology stack may be functioning more as a defensive retention cost rather than a driver of pricing power. This structural limitation leaves the company highly vulnerable to any further compression in the total commission pool.
As reported in financial statements, the company's ROIC has frequently dipped into negative territory, including a -7.2% reading in 2026Q1, indicating that the business is currently destroying rather than compounding shareholder capital through its aggressive investment in growth and recruitment.
The persistent negative returns on invested capital highlight the difficulty of achieving profitability in a business model that requires continuous, heavy capital deployment to maintain its agent base. This trend warrants further investigation into whether the company can ever reach a threshold of self-sustaining capital efficiency.
According to recent quarterly filings, the company's asset turnover has fluctuated between 0.56 and 1.44, reflecting the inherent cyclicality of the residential real estate market and the company's reliance on high-volume transactions to manage its working capital requirements effectively.
The variability in asset turnover suggests that the company's operational efficiency is highly sensitive to external market conditions rather than internal process improvements. Investors should monitor the cash conversion cycle closely, as any slowdown in transaction velocity could rapidly exacerbate liquidity pressures.
The P/S ratio is frequently misapplied to Compass, as it fails to account for the fact that the vast majority of gross commission revenue is immediately paid out to agents, thereby masking the company's true net revenue and its limited ability to retain earnings.
Analysts should prioritize 'Revenue less cost of revenues' or 'Net Revenue' to gain a clearer picture of the capital actually available to fund operations. Relying on top-line P/S multiples significantly overstates the company's scale and obscures the underlying thinness of its operating margins.
Includes 30+ ratios · 8 years · Updated daily
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying COMP stock.
Compass, Inc.'s current P/E ratio is -126.2x. This places it at the 50th percentile of its historical range.
Compass, Inc.'s current EV/EBITDA is 95.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 75.5x.
Compass, Inc.'s return on equity (ROE) is -9.8%. The historical average is -109.5%.
Based on historical data, Compass, Inc. is trading at a P/E of -126.2x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Compass, Inc. has 10.6% gross margin and -0.4% operating margin.
Compass, Inc.'s Debt/EBITDA ratio is 5.4x, indicating high leverage. A ratio above 4x may signal elevated financial risk.