Latest Ratios: P/E Ratio -4.7x · EV/EBITDA N/A · ROE -45.4%. (2017–2025 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $109M | $109M | $13M | $20M | $25M | $45M | $53M | $23M | — | — |
| Enterprise Value | $46M | $19M | $7M | $18M | $18M | $23M | $51M | $21M | — | — |
| P/E Ratio → | -4.75 | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 20.02 | 14.05 | 1.93 | 3.09 | 3.31 | 6.42 | 12.11 | 16.56 | — | — |
| P/B Ratio | 1.12 | 1.13 | 2.74 | 49.63 | 2.28 | 1.30 | 13.73 | 10.43 | — | — |
| 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 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.43 | 1.04 | 2.75 | 2.33 | 3.23 | 11.71 | 14.90 | — | — |
| 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 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 17.1% | 17.1% | 21.3% | 31.5% | 10.4% | 37.5% | 40.3% | 84.1% | 67.4% | 43.7% |
| Operating Margin | -268.9% | -268.9% | -224.7% | -341.7% | -343.9% | -316.1% | -163.1% | -241.8% | -41.9% | -185.8% |
| Net Profit Margin | -297.3% | -297.3% | -211.5% | -360.2% | -383.4% | -186.5% | -215.3% | -816.2% | -43.4% | -112.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -45.4% | -45.4% | -551.8% | -412.5% | -126.9% | -67.9% | -311.1% | -514.2% | — | — |
| ROA | -41.2% | -41.2% | -149.8% | -205.6% | -102.8% | -53.5% | -182.0% | -604.7% | -106.4% | -148.8% |
| ROIC | -566.4% | -566.4% | — | -1865.7% | -244.5% | -229.8% | -528.6% | — | — | — |
| ROCE | -40.9% | -40.9% | -500.1% | -366.5% | -112.0% | -113.3% | -228.2% | -146.1% | — | — |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.00 | 0.00 | 0.09 | 2.15 | 0.04 | 0.02 | 0.07 | 0.06 | — | — |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.93 | -1.26 | -5.44 | -0.67 | -0.64 | -0.45 | -1.05 | — | — |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | — | — | — | — | — | — | -347.07 | -19.42 | -3.14 | — |
Net cash position: cash ($90M) exceeds total debt ($273649)
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 21.63 | 21.63 | 1.73 | 0.90 | 4.04 | 4.99 | 1.39 | 3.17 | 0.06 | 0.09 |
| Quick Ratio | 20.79 | 20.79 | 1.44 | 0.69 | 3.72 | 4.49 | 0.99 | 3.12 | 0.05 | 0.05 |
| Cash Ratio | 19.53 | 19.53 | 1.19 | 0.42 | 2.36 | 3.43 | 0.63 | 2.59 | 0.02 | 0.03 |
| Asset Turnover | — | 0.08 | 0.64 | 0.79 | 0.52 | 0.17 | 0.61 | 0.43 | 2.75 | 1.32 |
| Inventory Turnover | 1.64 | 1.64 | 3.37 | 2.81 | 6.45 | 1.30 | 2.11 | 4.51 | 7.39 | 2.99 |
| Days Sales Outstanding | — | 49.13 | 31.90 | 36.17 | 108.38 | 82.65 | 67.82 | 59.41 | 25.76 | 27.61 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 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% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $16M | $3M | $2M | $1M | $1M | $662327 | $381184 | $314759 | $172225 |
Persistent Operating Cash Burn
According to recent market data, Draganfly trades at a price-to-sales ratio of 20.71, which appears to price in significant future growth expectations that are currently disconnected from the company's negative earnings and lack of established profitability compared to its aerospace and defense industry peers.
The elevated P/S multiple suggests that investors are valuing the company as a high-growth technology play rather than a traditional industrial manufacturer. This valuation warrants caution, as it implies a rapid scaling of revenue that has yet to be validated by consistent margin expansion or positive net income.
Based on reported figures, Draganfly's ROIC of -74.1% in 2026Q1 highlights a severe inability to generate returns on invested capital, reflecting a business model that currently consumes more value than it creates through its core operational and research-driven activities.
The persistent decay in return metrics suggests that the company's heavy investment in R&D and overhead is not yet yielding a competitive advantage in terms of operational efficiency. Investors should monitor whether future capital allocation shifts toward higher-margin software or service offerings to improve these returns.
As reported in financial statements, the company's cash conversion cycle reached 268 days in 2026Q1, a significant increase that suggests growing difficulty in managing inventory turnover and collecting receivables relative to the pace of its hardware-centric revenue growth.
The extended DIO of 266 days indicates that inventory is moving slowly, which poses a risk of obsolescence in the rapidly evolving drone market. This inefficiency in working capital management appears to be a primary driver of the company's ongoing cash burn and liquidity pressure.
According to recent balance sheet filings, Draganfly maintains a current ratio of 30.63, which provides a substantial, albeit temporary, cash-heavy cushion that effectively mitigates immediate bankruptcy risk despite the company's ongoing struggle to achieve self-sustaining cash flow from its core industrial operations.
While the liquidity position is robust, it is largely the result of dilutive financing rather than operational success. The company's reliance on this cash buffer to fund persistent losses suggests that the current financial stability may be transient if revenue growth does not accelerate significantly.
Based on the provided data, the most commonly misapplied metric for Draganfly is the price-to-sales ratio, which obscures the company's underlying lack of gross margin leverage and the high cost of customer acquisition inherent in its current hardware-heavy, project-based business model.
Investors should instead focus on gross margin expansion and the ratio of operating cash flow to revenue to better assess the company's path to profitability. Relying on top-line multiples ignores the reality that each incremental dollar of revenue currently carries a significant negative impact on the bottom line.
Includes 30+ ratios · 9 years · Updated daily
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Quick answers to the most common questions about buying DPRO stock.
Draganfly Inc.'s current P/E ratio is -4.7x. This places it at the 50th percentile of its historical range.
Draganfly Inc.'s return on equity (ROE) is -45.4%. The historical average is -192.8%.
Based on historical data, Draganfly Inc. is trading at a P/E of -4.7x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Draganfly Inc. has 17.1% gross margin and -268.9% operating margin.