Latest Ratios: P/E Ratio -3.6x · EV/EBITDA N/A · ROE -181.1%. (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 | $767M | $1.3B | $1.6B | $2.0B | $1.8B | $2.7B | — | — |
| Enterprise Value | $844M | $1.4B | $1.6B | $2.0B | $1.8B | $2.7B | — | — |
| P/E Ratio → | -3.64 | — | — | — | — | — | — | — |
| P/S Ratio | — | — | — | — | — | — | — | — |
| P/B Ratio | 6.62 | 10.36 | 12.67 | 12.23 | 6.38 | 251.50 | — | — |
| 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 | — | — | — | — | — | — | — | — |
| 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 | — | — | — | — | — | — | — | — |
| Operating Margin | — | — | — | — | — | — | — | — |
| Net Profit Margin | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | -181.1% | -181.1% | -95.6% | -56.5% | -116.9% | -377.0% | — | — |
| ROA | -59.6% | -59.6% | -49.0% | -45.7% | -104.1% | -168.7% | -36331.0% | -41020.1% |
| ROIC | -84.5% | -84.5% | -68.3% | -51.3% | -121.4% | — | — | — |
| ROCE | -79.2% | -79.2% | -69.2% | -54.2% | -126.6% | -348.6% | — | — |
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 | 1.45 | 1.45 | 1.07 | 0.16 | — | — | — | — |
| Debt / EBITDA | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | 0.62 | 0.61 | -0.13 | -0.17 | -1.34 | — | — |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — |
| Interest Coverage | -21.02 | -21.02 | -36.60 | -499.36 | — | — | — | — |
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 | 3.29 | 3.29 | 5.27 | 4.66 | 12.52 | 2.05 | 0.05 | 0.01 |
| Quick Ratio | 3.29 | 3.29 | 5.27 | 4.66 | 12.52 | 2.05 | 0.05 | 0.01 |
| Cash Ratio | 3.08 | 3.08 | 5.11 | 3.04 | 9.14 | 1.41 | — | — |
| Asset Turnover | — | — | — | — | — | — | — | — |
| Inventory Turnover | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — |
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 | — | — | — | — | 0.1% | — | — | — |
| 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% | 0.1% | 0.0% | — | — |
| Shares Outstanding | — | $321M | $289M | $276M | $254M | $264M | $220M | $264M |
Certification and liquidity constraints
According to recent financial statements, Eve Holding's ROIC has fluctuated significantly, reaching -22.9% in 2026Q1, which underscores the company's ongoing struggle to generate positive returns on invested capital while it remains in the pre-revenue, capital-intensive phase of its eVTOL aircraft development and certification cycle.
The persistent negative ROIC trend suggests that the company is currently destroying shareholder value as it consumes capital to fund R&D and infrastructure. Investors should monitor whether the eventual transition to commercial operations can reverse this trend, as current efficiency metrics are heavily burdened by the lack of top-line revenue.
Based on 2026Q1 reported figures, the company's debt-to-equity ratio has climbed to 5.34, a sharp increase from 1.45 in 2025Q4, which indicates that the firm is aggressively leveraging its balance sheet to sustain operations during this pre-revenue phase of its aircraft development cycle.
The rapid rise in leverage appears to reflect a reliance on external financing to bridge the gap between prototype development and market entry. This trend warrants further investigation into the company's debt service capacity, as the negative interest coverage ratios suggest that the firm is not currently generating sufficient operating income to cover its financing costs.
As reported in recent SEC filings, Eve Holding's current ratio stood at 3.80 in 2026Q1, which, when measured against the company's persistent quarterly burn rate, suggests a narrowing liquidity buffer that may necessitate additional capital raises in the near term to ensure operational continuity.
While the current ratio appears superficially healthy, the lack of revenue means that liquidity is entirely dependent on cash reserves rather than operational cash flow. The volatility in these ratios suggests that the company's ability to maintain its current pace of development is highly sensitive to the timing of future capital infusions.
As highlighted by the company's financial history, the use of P/B ratios, currently at 6.31, is often misapplied to this business model because it fails to account for the intangible value of the Embraer partnership and the potential for future UATM software licensing revenue.
Investors should be cautious when using book value as a proxy for worth in a pre-revenue aerospace firm, as it obscures the significant R&D investments that are expensed rather than capitalized. A more appropriate focus for this business model would be the progression of certification milestones and the conversion of non-binding LOIs into firm, deposit-backed orders.
Includes 30+ ratios · 7 years · Updated daily
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Quick answers to the most common questions about buying EVEX stock.
Eve Holding, Inc.'s current P/E ratio is -3.6x. This places it at the 50th percentile of its historical range.
Eve Holding, Inc.'s return on equity (ROE) is -181.1%. The historical average is -165.4%.
Based on historical data, Eve Holding, Inc. is trading at a P/E of -3.6x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.