Latest Ratios: P/E Ratio -15.8x · EV/EBITDA N/A · ROE -26.4%. (2018–2025 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 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $54M | $23M | $78M | $8M | $8M | $117M | $262M | — | — |
| Enterprise Value | $49M | $18M | $70M | $1M | $-9475391 | $94M | $206M | — | — |
| P/E Ratio → | -15.81 | — | — | — | — | — | — | — | — |
| P/S Ratio | 1.08 | 0.47 | 1.81 | 0.25 | 0.21 | 3.18 | 10.18 | — | — |
| P/B Ratio | 4.51 | 2.04 | 5.94 | 0.63 | 0.34 | 1.89 | 3.30 | — | — |
| P/FCF | — | — | 93.23 | — | — | — | — | — | — |
| P/OCF | — | — | 90.56 | — | — | — | — | — | — |
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 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.37 | 1.62 | 0.04 | -0.26 | 2.56 | 7.97 | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | 83.60 | — | — | — | — | — | — |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 37.9% | 37.9% | 40.9% | 30.1% | 14.5% | 25.6% | 25.5% | 38.8% | 32.1% |
| Operating Margin | -6.8% | -6.8% | -5.0% | -31.3% | -112.7% | -65.1% | -50.1% | -66.8% | -101.7% |
| Net Profit Margin | -6.5% | -6.5% | -4.2% | -29.7% | -112.6% | -64.8% | -49.8% | -64.9% | -102.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | -26.4% | -26.4% | -13.7% | -56.6% | -95.4% | -33.7% | -29.3% | -216.9% | — |
| ROA | -16.9% | -16.9% | -9.8% | -42.3% | -84.1% | -32.2% | -26.0% | -43.5% | -37.3% |
| ROIC | -44.9% | -44.9% | -28.8% | -138.6% | -136.5% | -58.3% | -65.1% | — | — |
| ROCE | -27.5% | -27.5% | -16.1% | -59.0% | -95.4% | -33.8% | -27.4% | -48.0% | -39.1% |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.01 | 0.01 | 0.02 | 0.03 | 0.01 | — | 0.00 | 0.01 | — |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.45 | -0.61 | -0.54 | -0.76 | -0.37 | -0.72 | -0.12 | — |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — | — |
| Debt / FCF | — | — | -9.63 | — | — | — | — | — | — |
| Interest Coverage | — | — | — | — | — | — | — | -173.20 | -174.41 |
Net cash position: cash ($5M) exceeds total debt ($155875)
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 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.44 | 2.44 | 3.03 | 3.73 | 3.69 | 12.59 | 27.70 | 6.62 | 17.70 |
| Quick Ratio | 1.43 | 1.43 | 1.88 | 2.29 | 2.81 | 9.89 | 25.41 | 5.02 | 16.63 |
| Cash Ratio | 0.69 | 0.69 | 1.45 | 1.78 | 2.34 | 8.37 | 23.94 | 4.28 | 15.65 |
| Asset Turnover | — | 2.60 | 2.25 | 1.90 | 1.19 | 0.56 | 0.31 | 0.80 | 0.37 |
| Inventory Turnover | 3.98 | 3.98 | 3.74 | 3.78 | 4.65 | 2.68 | 3.05 | 3.29 | 4.76 |
| Days Sales Outstanding | — | 28.53 | 14.86 | 10.90 | 15.22 | 12.58 | 11.89 | 10.72 | 16.50 |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | 1.1% | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.1% | 0.3% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.1% | 0.3% | 0.0% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $11M | $10M | $9M | $9M | $9M | $6M | $9M | $5M |
Liquidity and capital erosion
According to current market data, Laird Superfood trades at a price-to-sales ratio of 1.08, which appears to reflect a speculative growth premium rather than fundamental earnings support, given the company's persistent negative P/E of -15.84 and the absence of a clear path to near-term profitability.
The valuation multiple suggests that investors are pricing the company as a high-growth platform, yet the lack of positive earnings makes traditional P/E analysis largely irrelevant. The current P/S ratio warrants caution, as it may overstate the company's value if revenue growth fails to translate into sustainable operating margins in the coming quarters.
Based on reported financial statements, the company's ROIC has remained consistently negative, with a recent figure of -7.7% in 2026Q1, indicating that Laird Superfood is currently destroying rather than compounding invested capital as it attempts to scale its functional food product portfolio.
The persistent negative return on capital suggests that the company's investments in brand expansion and retail distribution have not yet generated sufficient returns to exceed the cost of capital. This trend implies that management's current capital allocation strategy is failing to create shareholder value, necessitating a shift toward operational efficiency.
As reported in recent filings, the company's cash conversion cycle has shown extreme volatility, reaching 105 days in 2026Q1, which suggests that Laird Superfood struggles to manage its inventory and supplier relationships effectively compared to more mature peers in the consumer defensive sector.
The high DIO and fluctuating CCC indicate that the company is tying up significant cash in inventory, which is particularly concerning given the perishable nature of its product line. Investors should monitor whether these inefficiencies are structural or merely a byproduct of recent inorganic expansion efforts.
According to the latest balance sheet data, the company maintains a current ratio of 3.19, yet this figure masks a precarious cash position of only $5.3M, which may be insufficient to cover ongoing operating losses and potential working capital requirements in a stressed environment.
While the current ratio appears healthy on the surface, the reliance on inventory and receivables to meet short-term obligations leaves the company vulnerable to liquidity shocks. The lack of a robust cash cushion suggests that the firm may face significant refinancing or dilution risks if it cannot reach break-even soon.
Market participants frequently over-rely on top-line revenue growth as a proxy for success, yet this metric obscures the underlying cash burn and negative operating margins that characterize Laird Superfood's current business model, which is better evaluated through the lens of customer lifetime value and unit economics.
Focusing on revenue growth ignores the high customer acquisition costs and fulfillment expenses inherent in the DTC channel, which are the primary drivers of the company's negative net margins. Analysts should prioritize unit-level profitability and retail velocity over aggregate revenue figures to better assess the long-term viability of the brand.
Includes 30+ ratios · 8 years · Updated daily
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Quick answers to the most common questions about buying LSF stock.
Laird Superfood, Inc.'s current P/E ratio is -15.8x. This places it at the 50th percentile of its historical range.
Laird Superfood, Inc.'s return on equity (ROE) is -26.4%. The historical average is -67.4%.
Based on historical data, Laird Superfood, Inc. is trading at a P/E of -15.8x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Laird Superfood, Inc. has 37.9% gross margin and -6.8% operating margin.