Latest Ratios: P/E Ratio 4.9x · EV/EBITDA N/A · ROE N/A. (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 | $33M | $19M | $16M | $45M | $12M | $588M | $354M | $202M | $456M | $448M | $478M |
| Enterprise Value | $56M | $43M | $76M | $100M | $149M | $601M | $357M | $192M | $431M | $430M | $461M |
| P/E Ratio → | 4.88 | 3.70 | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 0.56 | 0.33 | 0.27 | 0.63 | 0.14 | 6.04 | 17.62 | 45.51 | 6.55 | 7.46 | 7.75 |
| P/B Ratio | — | — | — | — | — | 2.77 | 7.99 | 6.09 | 9.52 | 7.94 | 8.34 |
| P/FCF | — | — | — | — | — | — | — | — | 775.30 | — | — |
| P/OCF | — | — | — | — | — | 12.99 | 636.16 | — | 572.71 | — | — |
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 | — | 0.73 | 1.27 | 1.42 | 1.66 | 6.18 | 17.77 | 43.25 | 6.19 | 7.16 | 7.48 |
| EV / EBITDA | — | — | 37.45 | — | — | 13.37 | 184.94 | — | 752.96 | — | — |
| EV / EBIT | — | 4.85 | — | — | — | 18.10 | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — | 732.47 | — | — |
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 | 15.3% | 15.3% | 79.7% | 27.5% | 31.6% | 70.8% | 37.4% | -10.4% | 17.2% | 21.2% | 16.1% |
| Operating Margin | -26.6% | -26.6% | -19.2% | -24.0% | -259.1% | 33.7% | -13.1% | -179.6% | -0.1% | -2.4% | -24.8% |
| Net Profit Margin | 9.0% | 9.0% | -33.2% | -41.9% | -299.8% | -45.7% | -16.4% | -190.9% | -13.1% | -2.5% | -25.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | -326.2% | -34.6% | -8.5% | -20.9% | -17.4% | -2.7% | -24.8% |
| ROA | 8.9% | 8.9% | -29.1% | -25.1% | -106.8% | -21.9% | -6.4% | -16.5% | -14.1% | -2.3% | -21.5% |
| ROIC | -258.0% | -258.0% | -57.2% | -20.6% | -84.6% | 13.6% | -4.6% | -14.7% | -0.1% | -1.9% | -17.8% |
| ROCE | -86.8% | -86.8% | -23.9% | -29.3% | -127.9% | 18.6% | -6.1% | -19.3% | -0.1% | -2.5% | -23.5% |
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 | — | — | — | — | — | 0.45 | 0.19 | 0.00 | — | — | — |
| Debt / EBITDA | — | — | 33.66 | — | — | 2.13 | 4.25 | — | — | — | — |
| Net Debt / Equity | — | — | — | — | — | 0.06 | 0.07 | -0.30 | -0.53 | -0.32 | -0.29 |
| Net Debt / EBITDA | — | — | 29.40 | — | — | 0.29 | 1.63 | — | -44.02 | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — | -42.83 | — | — |
| Interest Coverage | 2.19 | 2.19 | -1.80 | -1.29 | -10.81 | 8.95 | -3.95 | -11.85 | — | — | — |
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 | 0.55 | 0.55 | 1.39 | 1.16 | 0.33 | 2.41 | 0.67 | 8.95 | 3.96 | 8.86 | 6.89 |
| Quick Ratio | 0.55 | 0.55 | 1.39 | 1.16 | 0.33 | 2.41 | 0.67 | 8.95 | 3.96 | 8.86 | 6.89 |
| Cash Ratio | 0.31 | 0.31 | 0.45 | 0.63 | 0.15 | 1.98 | 0.43 | 2.47 | 1.58 | 2.58 | 1.81 |
| Asset Turnover | — | 1.10 | 0.92 | 0.99 | 0.55 | 0.29 | 0.31 | 0.12 | 1.08 | 0.93 | 0.92 |
| 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 | 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 | 20.5% | 27.0% | — | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | 0.1% | — | — |
| Buyback Yield | 0.0% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 0.0% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $13M | $11M | $7M | $4M | $4M | $3M | $4M | $4M | $4M | $4M |
Operational and regulatory insolvency
Based on reported figures, Greenidge trades at a P/S multiple of 0.50, which appears to discount the company's long-term viability rather than its growth potential, suggesting that the market views the firm as a distressed energy asset rather than a high-growth participant in the digital mining sector.
The low P/S ratio relative to broader sector benchmarks implies that investors are heavily discounting the company's revenue stream due to its high sensitivity to regional energy politics and Bitcoin price volatility. This valuation suggests that the market is pricing in a high probability of continued operational losses and potential liquidity events, rather than assigning value to the company's integrated power generation capabilities.
As reported in financial statements, the company's gross margin has deteriorated from 36.3% in 2024Q1 to 5.0% in 2026Q1, indicating that the firm's core mining operations are struggling to maintain profitability against rising network difficulty and the high fixed costs of maintaining aging power generation infrastructure.
The persistent negative operating margins, reaching -59.5% in 2025Q4, highlight a fundamental inability to cover fixed overheads through current mining and power sales. This trend suggests that the company's earning power is severely compromised, and without a significant reduction in fuel costs or a major upgrade to mining hardware, the current business model may remain structurally unprofitable.
According to recent quarterly data, the company's asset turnover ratio has remained consistently low, hovering between 0.19 and 0.42, which suggests that the firm is failing to generate sufficient revenue from its capital-intensive investment in power generation and mining hardware assets.
The inability to improve asset turnover over the last ten quarters indicates that the company's infrastructure is not being utilized efficiently to drive top-line growth. This inefficiency, combined with the rapid technological obsolescence of mining rigs, implies that the company is trapped in a cycle of reinvestment that fails to yield meaningful improvements in operational productivity.
As indicated by the 2026Q1 current ratio of 0.50, Greenidge faces a severe liquidity crunch where current liabilities significantly outweigh current assets, suggesting that the company may struggle to meet its short-term obligations without immediate access to external capital or a drastic improvement in energy market conditions.
The decline in the current ratio from 1.52 in 2024Q1 to 0.50 in 2026Q1 underscores a deteriorating financial position that leaves the company with little buffer against operational shocks. Investors should monitor the firm's ability to manage its working capital, as the current liquidity profile appears insufficient to support ongoing operations in a high-cost, high-risk environment.
The most commonly misapplied metric for Greenidge is the P/E ratio, which obscures the company's true financial health by including non-operating gains that mask the underlying cash-generating weakness of its integrated mining and power generation business model.
Because Greenidge operates as a hybrid energy and mining entity, relying on P/E ratios is misleading due to the lumpy nature of non-operating items and the rapid depreciation of mining hardware. Analysts should instead focus on EV/EBITDA or cash-flow-based metrics to better understand the company's ability to generate sustainable returns from its physical power assets, rather than relying on distorted net income figures.
Includes 30+ ratios · 11 years · Updated daily
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Quick answers to the most common questions about buying GREE stock.
Greenidge Generation Holdings Inc.'s current P/E ratio is 4.9x. The historical average is 3.7x. This places it at the 100th percentile of its historical range.
Based on historical data, Greenidge Generation Holdings Inc. is trading at a P/E of 4.9x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Greenidge Generation Holdings Inc. has 15.3% gross margin and -26.6% operating margin.