Latest Ratios: P/E Ratio -13.7x · EV/EBITDA N/A · ROE -17.0%. (2004–2025 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 | $27M | $34M | $58M | $24M | $18M | $23M | $11M | $1M | $35454 | $156M | $749M |
| Enterprise Value | $26M | $33M | $59M | $28M | $23M | $27M | $15M | $6M | $3M | $158M | $750M |
| P/E Ratio → | -13.68 | — | — | 46.00 | 762.50 | 17.18 | — | — | — | — | — |
| P/S Ratio | 1.63 | 2.07 | 3.21 | 1.39 | 1.31 | 2.05 | 1.37 | 0.51 | 0.01 | 59.60 | 287.98 |
| P/B Ratio | 2.27 | 3.02 | 5.43 | 2.41 | 2.14 | 8.82 | 9.82 | — | — | — | — |
| P/FCF | 46.70 | 59.23 | 19.06 | 99.50 | 13.00 | 29.36 | 235.51 | — | — | — | — |
| P/OCF | 28.98 | 36.75 | 14.97 | 30.00 | 9.22 | 16.89 | 90.70 | — | — | — | — |
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 | — | 2.02 | 3.27 | 1.66 | 1.62 | 2.39 | 1.76 | 2.31 | 1.34 | 60.25 | 288.21 |
| EV / EBITDA | — | — | 57.32 | 13.44 | 8.61 | 12.71 | — | — | — | — | — |
| EV / EBIT | — | — | — | 25.26 | 27.40 | 15.14 | — | — | — | — | — |
| EV / FCF | — | 57.72 | 19.41 | 118.25 | 16.06 | 34.28 | 301.79 | — | — | — | — |
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 | 66.0% | 66.0% | 64.0% | 56.8% | 58.4% | 60.6% | 60.5% | 77.6% | 68.8% | 71.0% | 72.7% |
| Operating Margin | -10.8% | -10.8% | -1.0% | 6.6% | 9.1% | 9.7% | -24.7% | -45.5% | -61.9% | -44.5% | -52.7% |
| Net Profit Margin | -11.3% | -11.3% | -3.0% | 3.1% | 0.2% | 11.8% | -26.7% | -84.1% | -98.3% | -51.8% | -60.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -17.0% | -17.0% | -5.4% | 5.7% | 0.4% | 71.2% | -190.7% | — | — | — | — |
| ROA | -10.4% | -10.4% | -2.9% | 2.7% | 0.2% | 12.2% | -38.8% | -178.3% | -155.2% | -99.3% | -123.8% |
| ROIC | -12.1% | -12.1% | -1.0% | 6.1% | 9.8% | 15.2% | -121.3% | — | — | — | — |
| ROCE | -14.8% | -14.8% | -1.3% | 7.7% | 11.4% | 14.6% | -1027.6% | — | -907.2% | — | — |
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 | 0.15 | 0.15 | 0.33 | 0.58 | 0.82 | 2.14 | 4.42 | — | — | — | — |
| Debt / EBITDA | — | — | 3.46 | 2.71 | 2.67 | 2.64 | — | — | — | — | — |
| Net Debt / Equity | — | -0.08 | 0.10 | 0.45 | 0.50 | 1.48 | 2.76 | — | — | — | — |
| Net Debt / EBITDA | — | — | 1.04 | 2.13 | 1.64 | 1.82 | — | — | — | — | — |
| Debt / FCF | — | -1.51 | 0.35 | 18.75 | 3.07 | 4.92 | 66.28 | — | — | — | — |
| Interest Coverage | -21.21 | -21.21 | -0.47 | 1.88 | 1.03 | 4.00 | -2.75 | -1.18 | -1.70 | -1.24 | -6.64 |
Net cash position: cash ($3M) exceeds total debt ($2M)
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 | 1.03 | 1.03 | 0.83 | 1.14 | 0.82 | 1.04 | 0.96 | 0.12 | 1.12 | 0.59 | 0.54 |
| Quick Ratio | 1.03 | 1.03 | 0.81 | 1.12 | 0.80 | 1.01 | 0.93 | 0.12 | 1.12 | 0.59 | 0.54 |
| Cash Ratio | 0.50 | 0.50 | 0.38 | 0.28 | 0.45 | 0.49 | 0.53 | 0.06 | 0.88 | 0.42 | 0.34 |
| Asset Turnover | — | 0.96 | 0.97 | 0.89 | 0.70 | 0.96 | 0.80 | 2.57 | 1.69 | 1.63 | 2.30 |
| Inventory Turnover | — | — | 64.57 | 66.17 | 79.62 | 58.90 | 40.89 | — | — | — | — |
| Days Sales Outstanding | — | 47.31 | 51.61 | 71.58 | 46.82 | 54.12 | 59.58 | 50.80 | 20.80 | 41.16 | 36.41 |
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 | — | — | — | 2.2% | 0.1% | 5.8% | — | — | — | — | — |
| FCF Yield | 2.1% | 1.7% | 5.2% | 1.0% | 7.7% | 3.4% | 0.4% | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $4M | $4M | $5M | $4M | $3M | $2M | $370279 | $354538 | $347451 | $333001 |
Public sector budget dependency
Based on current market data, Intellinetics trades at a price-to-sales multiple of 1.62, which appears to discount the company's recent -7.96% revenue contraction and suggests that investors are pricing the firm as a distressed asset rather than a high-growth SaaS provider within the municipal compliance sector.
The absence of a meaningful P/E ratio and the negative TTM P/E of -13.55 underscore the market's focus on top-line stability over current earnings. Given the company's reliance on lumpy project-based revenue, this valuation multiple may be overly optimistic if the conversion pipeline fails to recover, as the current price-to-sales ratio assumes a level of recurring revenue quality that the firm has yet to consistently demonstrate.
As reported in recent financial statements, the company's ROIC has trended into negative territory, reaching -8.7% in 2026Q1, which indicates that the firm is currently destroying shareholder value rather than compounding it through its hybrid document management and conversion service model.
The consistent decline in ROIC from positive levels in 2024 suggests that the company's invested capital is not generating sufficient returns to cover the cost of operations. This decay in capital efficiency warrants further investigation into whether the R&D and infrastructure investments are being allocated toward projects with diminishing marginal utility in the competitive K-12 and government software space.
According to quarterly data, the cash conversion cycle has fluctuated significantly, reaching 34 days in 2026Q1, which highlights the operational friction inherent in managing a hybrid business model that balances long-term software subscriptions with labor-intensive, project-based document conversion services for municipal clients.
The variability in DSO, which peaked at 67 days in 2024Q1, suggests that the company faces structural challenges in collecting payments from public sector entities with rigid budget cycles. This inefficiency in working capital management forces the firm to maintain higher liquidity buffers, further straining an already thin balance sheet.
Based on the 2026Q1 balance sheet, the current ratio of 0.90 indicates that the firm's short-term assets are insufficient to cover its immediate liabilities, leaving the company with limited flexibility to navigate potential delays in municipal project funding or unexpected operational cost spikes.
The decline in the quick ratio to 0.87 suggests that the company is increasingly dependent on the timely conversion of its project backlog into cash. Investors should monitor this liquidity position closely, as any further contraction in revenue could force the company to seek external financing, potentially leading to shareholder dilution.
The most commonly misapplied metric for Intellinetics is the price-to-sales ratio, which obscures the underlying quality of earnings by failing to distinguish between low-margin, one-time document conversion services and high-margin, recurring IntelliCloud software subscriptions that are essential for long-term valuation.
Analysts often use a blanket P/S multiple that treats all revenue as equal, ignoring the fact that the conversion segment is inherently more volatile and capital-intensive. A more appropriate approach would involve adjusting the valuation to focus on the recurring SaaS revenue component, which better reflects the company's true potential for margin expansion and long-term enterprise value.
Includes 30+ ratios · 22 years · Updated daily
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Quick answers to the most common questions about buying INLX stock.
Intellinetics, Inc.'s current P/E ratio is -13.7x. The historical average is 31.6x.
Intellinetics, Inc.'s return on equity (ROE) is -17.0%. The historical average is -22.6%.
Based on historical data, Intellinetics, Inc. is trading at a P/E of -13.7x. Compare with industry peers and growth rates for a complete picture.
Intellinetics, Inc. has 66.0% gross margin and -10.8% operating margin.