Latest Ratios: P/E Ratio 22.4x · EV/EBITDA 14.0x · ROE 19.4%. (1998–2025 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 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $19.1B | $17.2B | $19.9B | $12.8B | $13.0B | $12.6B | $6.2B | $3.9B | $3.5B | $3.4B | $5.8B |
| Enterprise Value | $25.5B | $23.6B | $22.7B | $15.3B | $15.3B | $14.5B | $7.7B | $7.0B | $3.4B | $3.3B | $5.6B |
| P/E Ratio → | 22.38 | 20.26 | 17.09 | 12.24 | 12.13 | 8.32 | 11.72 | 13.24 | 10.90 | 10.45 | 20.16 |
| P/S Ratio | 1.11 | 1.00 | 1.48 | 0.99 | 1.05 | 1.03 | 0.65 | 0.45 | 0.41 | 0.39 | 0.73 |
| P/B Ratio | 3.43 | 3.10 | 6.22 | 4.89 | 5.14 | 6.02 | 2.65 | 2.28 | 1.83 | 1.74 | 3.00 |
| P/FCF | 39.58 | 35.71 | 39.09 | 13.63 | 23.27 | 9.66 | 4.67 | 21.05 | 6.78 | 12.45 | 17.18 |
| P/OCF | 11.78 | 10.62 | 15.18 | 8.39 | 14.08 | 7.82 | 4.00 | 9.74 | 4.89 | 4.54 | 7.63 |
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 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.37 | 1.69 | 1.18 | 1.23 | 1.18 | 0.80 | 0.80 | 0.41 | 0.39 | 0.71 |
| EV / EBITDA | 14.00 | 12.98 | 12.11 | 9.11 | 8.35 | 6.17 | 7.21 | 10.13 | 4.57 | 4.65 | 8.24 |
| EV / EBIT | 19.15 | 17.75 | 14.44 | 11.10 | 10.32 | 7.07 | 10.12 | 16.09 | 7.72 | 6.57 | 12.13 |
| EV / FCF | — | 48.99 | 44.58 | 16.25 | 27.36 | 11.09 | 5.80 | 37.25 | 6.67 | 12.31 | 16.71 |
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 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 32.9% | 32.9% | 35.9% | 34.9% | 34.6% | 38.3% | 31.8% | 29.2% | 28.9% | 29.0% | 29.9% |
| Operating Margin | 7.7% | 7.7% | 11.0% | 9.9% | 11.8% | 16.5% | 7.7% | 4.3% | 5.3% | 5.6% | 5.7% |
| Net Profit Margin | 4.9% | 4.9% | 8.7% | 8.1% | 8.4% | 12.4% | 5.5% | 3.4% | 3.8% | 3.8% | 3.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 19.4% | 19.4% | 40.1% | 40.7% | 45.1% | 68.4% | 26.0% | 16.4% | 16.6% | 16.7% | 15.5% |
| ROA | 6.1% | 6.1% | 11.8% | 11.4% | 11.6% | 18.1% | 7.4% | 5.5% | 7.6% | 7.8% | 7.5% |
| ROIC | 11.1% | 11.1% | 20.0% | 19.5% | 25.0% | 39.1% | 12.9% | 8.5% | 17.8% | 19.5% | 19.6% |
| ROCE | 13.2% | 13.2% | 21.1% | 19.9% | 23.1% | 35.3% | 15.2% | 10.4% | 16.3% | 17.6% | 17.9% |
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 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.40 | 1.40 | 1.40 | 1.63 | 1.67 | 2.15 | 1.35 | 1.79 | 0.03 | 0.03 | 0.00 |
| Debt / EBITDA | 4.26 | 4.26 | 2.39 | 2.54 | 2.30 | 1.92 | 2.95 | 4.51 | 0.08 | 0.09 | 0.01 |
| Net Debt / Equity | — | 1.15 | 0.87 | 0.94 | 0.90 | 0.89 | 0.64 | 1.75 | -0.03 | -0.02 | -0.08 |
| Net Debt / EBITDA | 3.52 | 3.52 | 1.49 | 1.47 | 1.25 | 0.79 | 1.40 | 4.40 | -0.07 | -0.05 | -0.23 |
| Debt / FCF | — | 13.28 | 5.49 | 2.62 | 4.09 | 1.43 | 1.12 | 16.20 | -0.10 | -0.13 | -0.47 |
| Interest Coverage | 20.68 | 20.68 | 29.67 | 23.72 | 15.53 | 35.48 | 15.58 | 25.47 | 43.40 | 63.30 | 79.28 |
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 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.53 | 1.53 | 1.76 | 1.78 | 1.88 | 1.88 | 1.47 | 1.16 | 1.41 | 1.41 | 1.43 |
| Quick Ratio | 0.47 | 0.47 | 0.67 | 0.74 | 0.81 | 1.04 | 0.71 | 0.10 | 0.20 | 0.21 | 0.26 |
| Cash Ratio | 0.29 | 0.29 | 0.55 | 0.65 | 0.73 | 0.97 | 0.65 | 0.03 | 0.08 | 0.07 | 0.12 |
| Asset Turnover | — | 0.99 | 1.29 | 1.39 | 1.38 | 1.36 | 1.24 | 1.32 | 2.01 | 2.04 | 1.95 |
| Inventory Turnover | 2.35 | 2.35 | 2.57 | 2.97 | 2.86 | 3.30 | 3.34 | 2.81 | 3.29 | 3.57 | 3.39 |
| Days Sales Outstanding | — | 11.54 | 5.95 | 3.34 | 2.35 | 2.09 | 2.27 | 2.46 | 1.91 | 2.74 | 3.57 |
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 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.2% | 2.4% | 1.8% | 2.7% | 1.3% | 1.1% | 1.7% | 2.5% | 2.6% | 2.2% | 1.2% |
| Payout Ratio | 48.7% | 48.7% | 31.0% | 33.6% | 15.6% | 8.9% | 20.3% | 33.1% | 27.9% | 22.6% | 23.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.5% | 4.9% | 5.9% | 8.2% | 8.2% | 12.0% | 8.5% | 7.6% | 9.2% | 9.6% | 5.0% |
| FCF Yield | 2.5% | 2.8% | 2.6% | 7.3% | 4.3% | 10.3% | 21.4% | 4.8% | 14.8% | 8.0% | 5.8% |
| Buyback Yield | 1.8% | 2.0% | 1.3% | 5.1% | 3.5% | 9.1% | 0.0% | 10.2% | 9.3% | 8.4% | 2.5% |
| Total Shareholder Yield | 4.0% | 4.4% | 3.1% | 7.8% | 4.8% | 10.1% | 1.7% | 12.7% | 11.8% | 10.6% | 3.7% |
| Shares Outstanding | — | $85M | $83M | $86M | $99M | $110M | $93M | $89M | $99M | $108M | $112M |
Capital intensity and shrink
According to current market data, DKS trades at a forward P/E of 16.70, which, when compared to the broader specialty retail sector, suggests that investors are pricing in a premium for the company's experiential retail transformation and its unique position within the youth sports ecosystem.
The PEG ratio of 2.04 indicates that the market expects significant earnings growth to justify the current valuation, potentially overestimating the speed at which 'House of Sport' conversions will translate into bottom-line margin expansion. Investors should monitor whether the current P/FCF of 42.43 remains sustainable, as this high multiple implies a reliance on future cash flow growth that may be challenged by ongoing capital expenditure requirements.
Based on reported financial statements, DKS's ROIC has trended downward from 6.4% in 2024Q2 to 3.2% in 2026Q1, a decline that warrants investigation as it suggests the company's aggressive investment in large-format stores is currently failing to generate returns that exceed the cost of capital.
The compression in ROIC reflects the heavy capital intensity of the 'House of Sport' rollout, which requires significant upfront investment before reaching optimal sales velocity. If this trend continues, it may indicate that the company is sacrificing short-term capital efficiency for long-term market share, a strategy that requires careful scrutiny of future store-level performance metrics.
As indicated by quarterly filings, the cash conversion cycle has fluctuated between 63 and 98 days over the last ten quarters, highlighting the inherent difficulty in managing inventory levels across a diverse, seasonal product mix while maintaining efficient supplier payment terms.
The variability in the CCC suggests that DKS is susceptible to inventory bloat during off-peak periods, which ties up liquidity and increases the risk of markdowns. While the company has managed to keep DSO low, the reliance on DIO as a primary driver of the cycle implies that inventory management remains the most critical lever for operational efficiency.
According to recent balance sheet data, DKS maintains a debt-to-equity ratio of 1.39, which, while elevated compared to historical norms, provides the company with sufficient financial flexibility to navigate cyclical downturns without immediate risk of breaching debt covenants or requiring emergency refinancing.
The interest coverage ratio, which has remained robust despite recent fluctuations, suggests that the company's debt service obligations are well-covered by operating income. However, the reliance on debt to fund capital-intensive store formats means that any sustained contraction in operating margins could quickly reduce this margin of safety, warranting close monitoring by debt holders.
Market participants frequently misapply the P/S ratio to DKS, failing to account for the company's shift toward a data-driven ecosystem, which obscures the value of the GameChanger platform and the long-term potential of its proprietary brand penetration in driving higher-margin revenue streams.
Using a standard retail P/S multiple ignores the structural differences between a commodity distributor and a platform-based retailer that owns the customer journey. Analysts should instead focus on adjusted EBITDA margins and ROIC, as these metrics better capture the underlying profitability of the experiential model and the value of the company's digital integration.
Includes 30+ ratios · 28 years · Updated daily
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Quick answers to the most common questions about buying DKS stock.
DICK'S Sporting Goods, Inc.'s current P/E ratio is 22.4x. The historical average is 17.8x. This places it at the 74th percentile of its historical range.
DICK'S Sporting Goods, Inc.'s current EV/EBITDA is 14.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.0x.
DICK'S Sporting Goods, Inc.'s return on equity (ROE) is 19.4%. The historical average is 24.8%.
Based on historical data, DICK'S Sporting Goods, Inc. is trading at a P/E of 22.4x. This is at the 74th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
DICK'S Sporting Goods, Inc.'s current dividend yield is 2.18% with a payout ratio of 48.7%.
DICK'S Sporting Goods, Inc. has 32.9% gross margin and 7.7% operating margin.
DICK'S Sporting Goods, Inc.'s Debt/EBITDA ratio is 4.3x, indicating high leverage. A ratio above 4x may signal elevated financial risk.