Latest Ratios: P/E Ratio -4.4x · EV/EBITDA 38.6x · ROE -31.9%. (2015–2025 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 | $302M | $185M | $697M | $374M | $486M | $763M | $371M | $565M | $336M | $169M | — |
| Enterprise Value | $551M | $434M | $923M | $700M | $814M | $919M | $581M | $855M | $570M | $395M | — |
| P/E Ratio → | -4.35 | — | — | — | — | 17.41 | 94.36 | 20.43 | 45.34 | 95.00 | — |
| P/S Ratio | 0.33 | 0.20 | 0.66 | 0.34 | 0.37 | 0.74 | 0.57 | 0.71 | 0.49 | 0.33 | — |
| P/B Ratio | 1.58 | 0.99 | 2.95 | 1.57 | 1.25 | 1.93 | 1.15 | 1.85 | 1.15 | 0.60 | — |
| P/FCF | — | — | 7.68 | — | — | 12.81 | 4.11 | 11.65 | 14.53 | — | — |
| P/OCF | — | — | 5.64 | 12.08 | — | 8.74 | 3.41 | 6.22 | 6.72 | 7.08 | — |
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 | — | 0.48 | 0.88 | 0.64 | 0.62 | 0.89 | 0.89 | 1.08 | 0.83 | 0.77 | — |
| EV / EBITDA | 38.59 | 30.42 | 12.21 | — | 22.77 | 6.72 | 8.56 | 9.64 | 5.70 | 5.19 | — |
| EV / EBIT | — | — | 91.62 | — | — | 9.98 | 24.69 | 18.34 | 9.36 | 10.42 | — |
| EV / FCF | — | — | 10.17 | — | — | 15.41 | 6.44 | 17.63 | 24.65 | — | — |
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 | 32.2% | 32.2% | 41.4% | 33.1% | 32.8% | 37.0% | 38.2% | 35.5% | 37.2% | 38.5% | 34.3% |
| Operating Margin | -4.9% | -4.9% | 1.2% | -9.5% | -0.9% | 9.3% | 3.6% | 5.9% | 8.9% | 8.6% | 10.3% |
| Net Profit Margin | -7.4% | -7.4% | -1.4% | -14.1% | -0.6% | 4.3% | 0.6% | 1.5% | 1.1% | 0.9% | 6.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -31.9% | -31.9% | -6.2% | -49.1% | -2.0% | 12.2% | 1.3% | 3.9% | 2.6% | 1.8% | 11.7% |
| ROA | -9.7% | -9.7% | -1.9% | -16.3% | -0.8% | 5.1% | 0.5% | 1.6% | 1.1% | 0.8% | 5.2% |
| ROIC | -7.5% | -7.5% | 1.9% | -12.2% | -1.4% | 13.2% | 3.1% | 6.2% | 8.8% | 7.1% | 8.1% |
| ROCE | -10.6% | -10.6% | 3.1% | -17.7% | -1.7% | 14.6% | 3.7% | 8.0% | 11.9% | 9.5% | 10.4% |
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 | 1.57 | 1.57 | 1.10 | 1.52 | 0.89 | 0.60 | 0.81 | 1.03 | 0.84 | 0.83 | 1.00 |
| Debt / EBITDA | 20.42 | 20.42 | 3.44 | — | 9.71 | 1.75 | 3.86 | 3.55 | 2.47 | 3.07 | 3.22 |
| Net Debt / Equity | — | 1.34 | 0.95 | 1.37 | 0.84 | 0.39 | 0.65 | 0.95 | 0.80 | 0.80 | 0.97 |
| Net Debt / EBITDA | 17.47 | 17.47 | 2.99 | — | 9.17 | 1.13 | 3.09 | 3.27 | 2.34 | 2.97 | 3.13 |
| Debt / FCF | — | — | 2.49 | — | — | 2.60 | 2.33 | 5.98 | 10.11 | — | 7.49 |
| Interest Coverage | -2.34 | -2.34 | 0.49 | -2.40 | -1.15 | 12.85 | 2.20 | 3.25 | 2.80 | 1.24 | 3.98 |
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 | 1.19 | 1.19 | 0.94 | 0.96 | 1.31 | 1.59 | 1.87 | 1.64 | 1.82 | 1.68 | 1.56 |
| Quick Ratio | 0.85 | 0.85 | 0.64 | 0.62 | 0.63 | 1.00 | 1.44 | 1.25 | 1.21 | 1.08 | 1.12 |
| Cash Ratio | 0.17 | 0.17 | 0.11 | 0.10 | 0.05 | 0.29 | 0.38 | 0.16 | 0.09 | 0.05 | 0.06 |
| Asset Turnover | — | 1.33 | 1.48 | 1.36 | 1.21 | 1.06 | 0.85 | 1.00 | 1.03 | 0.80 | 0.82 |
| Inventory Turnover | 7.41 | 7.41 | 6.65 | 6.13 | 3.61 | 3.90 | 6.75 | 8.25 | 4.97 | 3.76 | 6.43 |
| Days Sales Outstanding | — | 47.03 | 41.68 | 43.57 | 46.33 | 66.56 | 73.74 | 69.58 | 79.07 | 81.67 | 71.51 |
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 | — | — | — | 0.3% | 2.2% | 1.2% | 1.0% | 4.2% | 6.1% | 43.1% | — |
| Payout Ratio | — | — | — | — | — | 21.1% | 90.3% | 204.0% | 273.9% | 1645.8% | 262.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | 5.7% | 1.1% | 4.9% | 2.2% | 1.1% | — |
| FCF Yield | — | — | 13.0% | — | — | 7.8% | 24.3% | 8.6% | 6.9% | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.4% | 0.0% | 0.0% | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.3% | 2.2% | 1.2% | 1.0% | 4.6% | 6.1% | 43.1% | — |
| Shares Outstanding | — | $54M | $52M | $48M | $45M | $41M | $36M | $33M | $26M | $25M | $23M |
Inventory and Liquidity Constraints
As reported in recent financial filings, Funko's negative TTM P/E of -4.68 and an EV/EBITDA of 40.15 suggest that the market is pricing the company as a distressed turnaround play rather than a growth-oriented leisure firm, reflecting significant skepticism regarding its ability to restore sustainable profitability.
The current valuation multiples appear to be heavily distorted by the company's recent inability to generate consistent positive earnings. Investors should monitor the forward EV/EBITDA of 13.13, which implies a market expectation for operational recovery that may be overly optimistic given the ongoing revenue contraction and margin pressure.
Based on historical data, Funko's ROIC has trended into negative territory, reaching -1.7% in 2026Q1, which indicates that the company is currently failing to generate returns that exceed its cost of capital, a trend that warrants further investigation into the efficiency of its recent capital allocation.
The consistent decline in ROIC from positive levels in 2024 suggests that the company's core business model is struggling to compound value effectively. This decay appears to be driven by both margin compression and an inability to optimize the asset base, signaling that management's growth initiatives may be value-destructive in the current environment.
According to recent quarterly reports, the cash conversion cycle has remained elevated, peaking at 95 days in 2024Q1 and settling at 62 days in 2026Q1, which highlights persistent inefficiencies in inventory management and the company's reliance on wholesale channels that delay cash realization.
The volatility in the cash conversion cycle suggests that Funko faces significant challenges in aligning its production velocity with actual consumer demand. This friction in working capital management appears to be a structural headwind, as the company struggles to clear inventory without resorting to deep discounting or write-downs.
As disclosed in recent balance sheet data, the current ratio of 1.15 and a quick ratio of 0.78 in 2026Q1 indicate a limited liquidity buffer, leaving the company highly vulnerable to any further shocks in consumer demand or unexpected disruptions in its Asian-based supply chain.
The reliance on inventory to meet current obligations, as evidenced by the gap between the current and quick ratios, suggests that the company's liquidity position is fragile. Investors should monitor whether the company can maintain sufficient cash flow to service its debt obligations without further eroding its already strained equity base.
The market frequently misapplies the P/S ratio to Funko, which obscures the underlying reality that the company's high-volume, low-margin model is currently failing to convert top-line revenue into sustainable cash flow, making P/S a misleading indicator of the company's true financial health and long-term viability.
Because Funko operates with a high variable cost structure and significant royalty obligations, revenue growth does not necessarily translate into profitability. Analysts should instead focus on free cash flow yield and operating margin trends, as these metrics better capture the operational realities of a business model that is currently struggling to absorb its fixed cost base.
Includes 30+ ratios · 11 years · Updated daily
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Quick answers to the most common questions about buying FNKO stock.
Funko, Inc.'s current P/E ratio is -4.4x. The historical average is 54.5x.
Funko, Inc.'s current EV/EBITDA is 38.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.6x.
Funko, Inc.'s return on equity (ROE) is -31.9%. The historical average is -4.6%.
Based on historical data, Funko, Inc. is trading at a P/E of -4.4x. Compare with industry peers and growth rates for a complete picture.
Funko, Inc. has 32.2% gross margin and -4.9% operating margin.
Funko, Inc.'s Debt/EBITDA ratio is 20.4x, indicating high leverage. A ratio above 4x may signal elevated financial risk.