Latest Ratios: P/E Ratio 31.8x · EV/EBITDA 22.8x · ROE 201.6%. (2020–2025 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 |
|---|---|---|---|---|---|---|---|
| Market Cap | $2.8B | $2.6B | $3.1B | $1.5B | $740M | $1.5B | — |
| Enterprise Value | $3.1B | $2.9B | $3.4B | $1.8B | $1.1B | $1.7B | — |
| P/E Ratio → | 31.82 | 27.63 | — | — | 861.11 | 306.12 | — |
| P/S Ratio | 6.30 | 5.93 | 9.10 | 5.89 | 3.80 | 10.62 | — |
| P/B Ratio | 63.86 | 55.47 | — | — | 182.65 | 5.88 | — |
| P/FCF | 19.68 | 18.52 | 33.38 | 47.91 | 16.43 | 50.56 | — |
| P/OCF | 19.58 | 18.42 | 33.04 | 42.31 | 14.61 | 44.99 | — |
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 |
|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 6.64 | 9.79 | 7.11 | 5.62 | 11.45 | — |
| EV / EBITDA | 22.82 | 21.61 | 31.84 | 22.38 | 21.26 | 24.95 | — |
| EV / EBIT | 24.43 | 21.44 | 35.94 | — | 34.78 | 66.82 | — |
| EV / FCF | — | 20.75 | 35.87 | 57.83 | 24.34 | 54.53 | — |
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 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 72.4% | 72.4% | 74.6% | 74.0% | 73.7% | 74.4% | 69.9% |
| Operating Margin | 28.7% | 28.7% | 26.9% | 21.4% | 6.7% | 16.3% | -0.9% |
| Net Profit Margin | 21.5% | 21.5% | -38.0% | -21.5% | 0.4% | 3.5% | -12.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| ROE | 201.6% | 201.6% | — | — | 0.6% | 1.9% | -5.1% |
| ROA | 18.8% | 18.8% | -28.4% | -12.6% | 0.2% | 1.1% | -2.6% |
| ROIC | 40.8% | 40.8% | 34.6% | 12.6% | 2.6% | 4.5% | -0.2% |
| ROCE | 29.5% | 29.5% | 23.3% | 14.6% | 3.3% | 5.6% | -0.2% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Debt / Equity | 8.53 | 8.53 | — | — | 90.16 | 0.52 | 0.76 |
| Debt / EBITDA | 2.97 | 2.97 | 2.77 | 4.17 | 7.08 | 2.05 | 7.53 |
| Net Debt / Equity | — | 6.68 | — | — | 88.01 | 0.46 | 0.60 |
| Net Debt / EBITDA | 2.32 | 2.32 | 2.22 | 3.84 | 6.91 | 1.81 | 5.92 |
| Debt / FCF | — | 2.23 | 2.50 | 9.92 | 7.91 | 3.96 | 5.96 |
| Interest Coverage | 7.72 | 7.72 | 3.66 | -0.12 | 1.00 | 1.34 | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 1.90 | 1.90 | 1.73 | 1.18 | 0.70 | 1.47 | 0.72 |
| Quick Ratio | 1.90 | 1.90 | 1.73 | 1.18 | 0.70 | 1.47 | 0.72 |
| Cash Ratio | 1.02 | 1.02 | 0.87 | 0.46 | 0.14 | 0.53 | 0.51 |
| Asset Turnover | — | 0.83 | 0.72 | 0.58 | 0.44 | 0.32 | 0.21 |
| Inventory Turnover | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 56.38 | 53.15 | 49.82 | 41.99 | 52.96 | 41.35 |
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 |
|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | 26.5% | — | — |
| Payout Ratio | — | — | — | — | 23040.5% | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.1% | 3.6% | — | — | 0.1% | 0.3% | — |
| FCF Yield | 5.1% | 5.4% | 3.0% | 2.1% | 6.1% | 2.0% | — |
| Buyback Yield | 16.3% | 17.3% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Total Shareholder Yield | 16.3% | 17.3% | 0.0% | 0.0% | 26.5% | 0.0% | — |
| Shares Outstanding | — | $193M | $176M | $174M | $159M | $153M | $35M |
High leverage and goodwill
Based on current market data, Grindr trades at a P/E of 29.27, which suggests investors are pricing in significant future growth compared to the more mature, lower-multiple profiles of peers like Match Group, whose P/E sits at 15.62 according to recent industry comparative analysis.
The valuation premium appears to be driven by the company's double-digit revenue growth, which contrasts with the stagnation observed in legacy dating platforms. However, investors should monitor whether this multiple is sustainable if the company's growth rate begins to normalize toward sector averages.
As reported in recent financial statements, Grindr's ROIC has fluctuated significantly, reaching 18.0% in 2026Q1 from a low of 3.8% in 2023Q4, indicating that the company's ability to generate returns on invested capital remains highly sensitive to its evolving capital structure and operational scaling.
The recent improvement in ROIC suggests that management is becoming more efficient at deploying capital to drive user engagement. Nevertheless, the historical volatility in these returns warrants caution, as it may reflect the impact of non-recurring accounting adjustments rather than purely organic operational improvements.
According to quarterly filings, Grindr's DSO has remained relatively consistent, hovering between 43 and 50 days over the last ten quarters, which suggests that the company maintains a predictable collection cycle despite the inherent complexities of managing a global, subscription-based digital platform.
The stability in DSO indicates that the company's billing processes are well-integrated with mobile app store payment rails. This consistency is a positive indicator of operational maturity, though investors should watch for any shifts in payment terms that could signal a change in customer behavior.
Based on the 2026Q1 financial data, Grindr's debt-to-equity ratio has spiked to 23.84, a sharp departure from the 8.53 observed in 2025Q4, which suggests that the company's reliance on debt financing has increased significantly relative to its thin equity base during the most recent quarter.
This rapid increase in leverage may indicate a shift toward more aggressive capital allocation or a need to fund operations through debt rather than internal cash flow. Investors should monitor the interest coverage ratio closely, as any decline could signal potential stress in servicing these obligations.
The most commonly misapplied metric for Grindr is the standard P/E ratio, which often obscures the company's true earning power by failing to account for the significant non-cash impact of stock-based compensation and the unique utility-driven nature of its user base compared to generalist apps.
Analysts should instead focus on FCF-based valuation multiples, as these better reflect the company's actual cash-generative capacity. Relying solely on GAAP earnings may lead to an inaccurate assessment of the company's valuation, given the historical distortions caused by its post-SPAC accounting structure.
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Quick answers to the most common questions about buying GRND stock.
Grindr Inc.'s current P/E ratio is 31.8x. The historical average is 27.6x. This places it at the 100th percentile of its historical range.
Grindr Inc.'s current EV/EBITDA is 22.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 24.4x.
Grindr Inc.'s return on equity (ROE) is 201.6%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 49.8%.
Based on historical data, Grindr Inc. is trading at a P/E of 31.8x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Grindr Inc. has 72.4% gross margin and 28.7% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Grindr Inc.'s Debt/EBITDA ratio is 3.0x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.