Latest Ratios: P/E Ratio -3.7x · EV/EBITDA N/A · ROE -22.1%. (2014–2025 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 | $90M | $90M | $102M | $154M | $238M | $789M | $1.9B | $139M | $53M | — | — |
| Enterprise Value | $89M | $89M | $111M | $166M | $247M | $793M | $1.7B | $134M | $41M | — | — |
| P/E Ratio → | -3.73 | — | — | — | — | 62.14 | 365.64 | 93.82 | — | — | — |
| P/S Ratio | 0.55 | 0.55 | 0.54 | 0.68 | 0.86 | 1.87 | 9.66 | 1.74 | 1.82 | — | — |
| P/B Ratio | 0.91 | 0.92 | 0.85 | 0.89 | 1.10 | 2.13 | 5.89 | 2.63 | 1.76 | — | — |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — |
| P/OCF | — | — | — | 108.07 | 19.95 | 152.95 | — | — | — | — | — |
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 | — | 0.55 | 0.59 | 0.74 | 0.89 | 1.88 | 8.81 | 1.68 | 1.42 | — | — |
| EV / EBITDA | — | — | — | — | — | 28.74 | 156.65 | 51.01 | — | — | — |
| EV / EBIT | — | — | — | — | — | 51.94 | 198.22 | 77.80 | — | — | — |
| 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 | 19.8% | 19.8% | 23.1% | 27.1% | 25.3% | 28.0% | 26.4% | 27.6% | 22.2% | 22.8% | 27.6% |
| Operating Margin | -15.0% | -15.0% | -27.5% | -22.1% | -60.4% | 3.6% | 4.4% | 2.0% | -14.7% | -19.8% | -5.3% |
| Net Profit Margin | -14.9% | -14.9% | -26.2% | -20.6% | -58.9% | 3.0% | 2.8% | 1.7% | -17.5% | -17.7% | -5.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -22.1% | -22.1% | -33.7% | -23.9% | -55.7% | 3.7% | 2.9% | 3.2% | -27.0% | -45.7% | -15.1% |
| ROA | -15.0% | -15.0% | -24.0% | -17.5% | -43.5% | 3.1% | 2.5% | 2.5% | -22.5% | -37.1% | -12.2% |
| ROIC | -16.1% | -16.1% | -24.7% | -18.2% | -41.9% | 4.3% | 6.3% | 3.6% | -25.8% | -44.5% | -13.7% |
| ROCE | -17.9% | -17.9% | -29.0% | -21.4% | -50.1% | 4.1% | 4.4% | 3.5% | -21.2% | -50.6% | -14.8% |
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 | 0.30 | 0.30 | 0.31 | 0.24 | 0.23 | 0.12 | 0.04 | 0.15 | 0.10 | 0.02 | 0.05 |
| Debt / EBITDA | — | — | — | — | — | 1.65 | 1.17 | 3.04 | — | — | — |
| Net Debt / Equity | — | -0.01 | 0.08 | 0.07 | 0.04 | 0.01 | -0.52 | -0.09 | -0.39 | -0.14 | -0.12 |
| Net Debt / EBITDA | — | — | — | — | — | 0.15 | -15.19 | -1.90 | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | — | — | -704.03 | -478.01 | -7933.86 | 355.16 | 611.47 | 4.29 | -4.01 | -164.76 | -81.13 |
Net cash position: cash ($30M) exceeds total debt ($29M)
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 | 3.99 | 3.99 | 4.66 | 4.77 | 4.77 | 4.61 | 9.15 | 3.40 | 7.31 | 4.50 | 4.28 |
| Quick Ratio | 2.50 | 2.50 | 3.00 | 2.67 | 2.61 | 2.36 | 7.17 | 1.62 | 4.72 | 1.62 | 1.23 |
| Cash Ratio | 1.77 | 1.77 | 2.33 | 2.10 | 2.01 | 1.72 | 6.51 | 1.07 | 4.29 | 0.76 | 0.72 |
| Asset Turnover | — | 1.10 | 1.08 | 0.94 | 0.95 | 0.92 | 0.55 | 1.12 | 0.81 | 1.55 | 1.80 |
| Inventory Turnover | 3.35 | 3.35 | 3.60 | 2.54 | 2.70 | 2.88 | 2.63 | 2.68 | 2.54 | 2.42 | 2.24 |
| Days Sales Outstanding | — | 25.22 | 16.27 | 14.69 | 12.53 | 7.07 | 7.36 | 18.27 | 10.85 | 16.61 | 17.89 |
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 | — | — | — | — | — | 1.6% | 0.3% | 1.1% | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.2% | 0.2% | 5.9% | 0.2% | 0.7% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.2% | 0.2% | 5.9% | 0.2% | 0.7% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $60M | $60M | $61M | $61M | $60M | $46M | $34M | $23M | $15M | $9M |
Structural Revenue Contraction
Based on reported figures, the company's P/S ratio of 0.51 and negative P/E suggest that the market is pricing the equity as a distressed asset rather than a growth vehicle, reflecting deep skepticism regarding the firm's ability to return to profitability in the current hydroponic retail environment.
The lack of positive earnings or EBITDA makes traditional valuation multiples largely irrelevant, forcing investors to rely on price-to-sales metrics that highlight the company's diminished market standing. This valuation appears to discount the possibility of a near-term turnaround, suggesting that the market views the current revenue base as structurally impaired rather than cyclically depressed.
As reported in financial statements, the company's ROIC has remained consistently negative, reaching -4.0% in 2026Q1, which indicates that management has been unable to generate a positive return on the capital deployed during its aggressive acquisition phase, leading to significant value destruction for shareholders over time.
The negative ROIC trend underscores the fundamental mismatch between the company's high fixed-cost retail footprint and the current, lower-margin revenue reality. Without a clear path to positive operating margins, the company appears to be consuming its capital base rather than compounding it, which warrants further investigation into the long-term viability of its current store-level economics.
According to recent SEC filings, the company's cash conversion cycle remains elevated at 115 days as of 2026Q1, driven by a high days-inventory-outstanding of 113 days, which suggests that the firm is struggling to optimize its supply chain in the face of declining demand from commercial cultivators.
The inability to compress the cash conversion cycle reflects a structural challenge in managing inventory levels for specialized hydroponic equipment that may be prone to obsolescence. Investors should monitor whether the company can improve its asset turnover, which currently sits at a low 0.27, as this is critical for freeing up cash trapped in stagnant inventory.
Based on the provided quarterly data, the current ratio of 4.05 indicates a seemingly healthy liquidity position, yet this is largely supported by inventory levels that may be difficult to liquidate quickly, potentially overstating the company's actual ability to meet short-term obligations under severe financial stress.
While the company maintains a strong current ratio, the reliance on inventory as a primary component of current assets warrants caution, as the market for specialized cultivation equipment is currently soft. The company's liquidity appears adequate for the near term, but the persistent cash burn suggests that this buffer will continue to erode unless operational efficiency improves significantly.
The most commonly misapplied metric for this business model is the P/S ratio, which obscures the company's underlying lack of profitability and high fixed-cost structure, leading investors to incorrectly view the firm as a high-growth retail play rather than a distressed entity requiring significant operational rationalization.
Investors should instead focus on store-level contribution margins and cash-burn rates, as these metrics provide a more accurate picture of the company's survival prospects. Relying on top-line growth multiples ignores the reality that the company's current retail footprint is likely oversized for the existing market demand, making traditional retail valuation metrics misleading.
Includes 30+ ratios · 12 years · Updated daily
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Quick answers to the most common questions about buying GRWG stock.
GrowGeneration Corp.'s current P/E ratio is -3.7x. The historical average is 78.0x.
GrowGeneration Corp.'s return on equity (ROE) is -22.1%. The historical average is -24.5%.
Based on historical data, GrowGeneration Corp. is trading at a P/E of -3.7x. Compare with industry peers and growth rates for a complete picture.
GrowGeneration Corp. has 19.8% gross margin and -15.0% operating margin.