Latest Ratios: P/E Ratio -10.1x · EV/EBITDA 78.9x · ROE -7.0%. (2008–2025 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 | $343M | $468M | $484M | $277M | $421M | $838M | $242M | $28M | $10M | $10M | $13M |
| Enterprise Value | $510M | $634M | $365M | $49M | $253M | $867M | $165M | $26M | $-11227282 | $12M | $19M |
| P/E Ratio → | -10.07 | — | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 2.14 | 2.91 | 28.63 | 16.10 | 358.23 | 1572.23 | 43.67 | 1.15 | 0.29 | 0.35 | 0.49 |
| P/B Ratio | 0.70 | 0.99 | 0.99 | 0.50 | 0.70 | 1.53 | 1.65 | 0.39 | 0.11 | 0.15 | 0.19 |
| 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 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.95 | 21.60 | 2.83 | 215.73 | 1626.75 | 29.81 | 1.08 | -0.34 | 0.44 | 0.72 |
| EV / EBITDA | 78.92 | 98.24 | — | — | — | — | — | — | — | — | — |
| 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 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 30.2% | 30.2% | 29.0% | 30.3% | -640.3% | -1342.2% | -171.0% | -50.2% | -26.5% | -39.8% | -39.5% |
| Operating Margin | -11.7% | -11.7% | -536.9% | -475.8% | -8739.2% | -11307.3% | -487.0% | -107.8% | -67.6% | -85.3% | -90.4% |
| Net Profit Margin | -21.1% | -21.1% | -464.9% | -385.0% | -8341.0% | -11107.5% | -725.9% | -117.2% | -85.1% | -90.2% | -140.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -7.0% | -7.0% | -15.0% | -11.4% | -17.0% | -17.1% | -36.7% | -35.5% | -36.7% | -37.1% | -63.3% |
| ROA | -5.2% | -5.2% | -12.7% | -9.8% | -14.6% | -14.8% | -32.7% | -28.6% | -28.6% | -24.5% | -34.6% |
| ROIC | -2.8% | -2.8% | -19.5% | -16.0% | -15.2% | -14.0% | -28.8% | -28.5% | -24.9% | -24.7% | -25.1% |
| ROCE | -3.1% | -3.1% | -16.2% | -13.3% | -15.9% | -15.8% | -24.5% | -30.1% | -24.7% | -30.0% | -29.5% |
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 | 0.36 | 0.36 | 0.14 | 0.13 | 0.12 | 0.13 | 0.01 | 0.20 | 0.15 | 0.22 | 0.49 |
| Debt / EBITDA | 25.94 | 25.94 | — | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | 0.35 | -0.24 | -0.41 | -0.28 | 0.05 | -0.52 | -0.02 | -0.23 | 0.04 | 0.09 |
| Net Debt / EBITDA | 25.77 | 25.77 | — | — | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | -1.07 | -1.07 | -19.27 | -29.64 | -82.98 | -234.87 | -18.19 | -9.47 | -7.64 | -7.35 | -3.75 |
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 | 1.82 | 1.82 | 8.36 | 4.23 | 16.33 | 11.98 | 16.88 | 1.21 | 7.32 | 1.58 | 0.96 |
| Quick Ratio | 1.88 | 1.88 | 8.18 | 4.18 | 16.08 | 11.89 | 16.38 | 1.05 | 6.72 | 1.19 | 0.86 |
| Cash Ratio | 0.01 | 0.01 | 7.77 | 3.26 | 15.90 | 10.87 | 15.88 | 0.81 | 6.38 | 1.03 | 0.80 |
| Asset Turnover | — | 0.22 | 0.03 | 0.03 | 0.00 | 0.00 | 0.04 | 0.26 | 0.31 | 0.31 | 0.24 |
| Inventory Turnover | — | — | 2.67 | 3.15 | 1.37 | 2.79 | 6.02 | 11.48 | 13.13 | 8.75 | 10.70 |
| Days Sales Outstanding | — | 21.32 | 67.78 | 83.91 | 147.86 | 1717.49 | 34.75 | 16.94 | 5.84 | 14.09 | 15.43 |
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 | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 1.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 1.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $234M | $232M | $239M | $222M | $196M | $57M | $12M | $5M | $814796 | $192371 |
Capital intensive project execution
According to recent market data, Gevo trades at an EV/EBITDA of 78.54, which appears to reflect investor anticipation of future SAF production capacity rather than current earnings, as the company's negative TTM P/E of -10.00 underscores its status as a pre-commercial project developer.
The elevated EV/EBITDA multiple suggests that the market is pricing in significant future growth potential tied to the Net-Zero infrastructure rather than existing cash flows. Investors should monitor whether this premium valuation can be sustained if the construction timeline for the Lake Preston facility faces further delays or capital constraints.
Based on reported financial statements, Gevo's ROIC has remained consistently negative, bottoming at -5.2% in 2024Q2, which indicates that the company is currently destroying value on invested capital as it pours resources into long-term industrial assets that have yet to reach commercial scale.
The persistent negative returns on capital are a direct consequence of the massive capital expenditure required for the Net-Zero build-out. Until these facilities achieve steady-state production, the company will likely continue to struggle with capital efficiency, making it difficult to generate positive economic value for shareholders.
As reported in quarterly filings, the cash conversion cycle has fluctuated wildly, reaching a high of 240 days in 2024Q3, which suggests significant inefficiencies in managing inventory and receivables within the company's commodity-sensitive, high-growth industrial chemical business model.
The extreme variance in the CCC reflects the challenges of balancing feedstock procurement with the timing of environmental credit sales. This volatility warrants further investigation, as it complicates the company's ability to maintain a predictable liquidity buffer during its capital-intensive growth phase.
According to the latest balance sheet data, Gevo's debt-to-EBITDA ratio reached 79.36 in 2026Q1, a figure that highlights the company's increasing reliance on external financing to fund its capital-intensive infrastructure projects in an environment of negative operating cash flows.
The surge in leverage suggests that the company is aggressively utilizing debt to bridge the funding gap for its Net-Zero initiatives. Investors should monitor the interest coverage ratio, which remains deeply negative, as it indicates that the firm lacks the internal earnings power to service its debt obligations comfortably.
Based on an analysis of the business model, the P/E ratio is a fundamentally misapplied metric for Gevo, as it obscures the company's true value as a project-development platform by focusing on near-term accounting losses rather than the potential for future licensing and SAF production.
Using P/E to evaluate a pre-revenue or early-commercial industrial firm ignores the significant non-cash expenses and R&D costs that currently depress earnings. Analysts should instead focus on EV/Capacity or the bankability of offtake agreements to better gauge the company's progress toward commercial viability.
Includes 30+ ratios · 18 years · Updated daily
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Quick answers to the most common questions about buying GEVO stock.
Gevo, Inc.'s current P/E ratio is -10.1x. This places it at the 50th percentile of its historical range.
Gevo, Inc.'s current EV/EBITDA is 78.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 98.2x.
Gevo, Inc.'s return on equity (ROE) is -7.0%. The historical average is -86.6%.
Based on historical data, Gevo, Inc. is trading at a P/E of -10.1x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Gevo, Inc. has 30.2% gross margin and -11.7% operating margin.
Gevo, Inc.'s Debt/EBITDA ratio is 25.9x, indicating high leverage. A ratio above 4x may signal elevated financial risk.