Latest Ratios: P/E Ratio 6.1x · EV/EBITDA 6.9x · ROE 17.4%. (1999–2025 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 | $413M | $291M | $322M | $336M | $393M | $630M | $416M | $438M | $326M | $320M | $231M |
| Enterprise Value | $952M | $830M | $683M | $834M | $887M | $1.1B | $875M | $878M | $656M | $534M | $400M |
| P/E Ratio → | 6.06 | 4.81 | 6.52 | 7.34 | 12.13 | 7.49 | 12.38 | 10.63 | 9.13 | 8.22 | 8.46 |
| P/S Ratio | 1.28 | 0.90 | 1.01 | 1.33 | 2.99 | 3.74 | 4.48 | 4.93 | 6.59 | 8.23 | 7.47 |
| P/B Ratio | 0.92 | 0.73 | 1.09 | 1.35 | 1.05 | 1.56 | 1.23 | 1.36 | 1.14 | 1.15 | 1.11 |
| P/FCF | 7.39 | 5.21 | — | — | — | 4.47 | 23.45 | — | — | — | — |
| P/OCF | 7.37 | 5.20 | — | — | — | 4.47 | 23.44 | — | — | — | — |
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 | — | 2.58 | 2.14 | 3.30 | 6.74 | 6.59 | 9.42 | 9.89 | 13.24 | 13.73 | 12.93 |
| EV / EBITDA | 6.92 | 6.04 | 9.69 | 17.28 | 22.73 | 12.92 | 26.49 | 70.60 | — | — | — |
| EV / EBIT | 6.96 | 6.07 | 9.94 | 18.38 | 22.87 | 12.97 | 26.82 | 13.56 | 12.41 | 10.16 | — |
| EV / FCF | — | 14.86 | — | — | — | 7.87 | 49.27 | — | — | — | — |
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 | 75.3% | 75.3% | 66.3% | 68.6% | 80.0% | 87.8% | 80.7% | 50.7% | 57.4% | 50.4% | 50.8% |
| Operating Margin | 42.5% | 42.5% | 21.5% | 17.9% | 29.5% | 50.8% | 35.1% | 13.4% | -25.3% | -40.5% | -51.8% |
| Net Profit Margin | 18.8% | 18.8% | 15.9% | 18.7% | 24.6% | 50.0% | 36.2% | 46.3% | 72.1% | 100.2% | 88.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 17.4% | 17.4% | 18.7% | 15.2% | 8.3% | 22.6% | 10.2% | 13.5% | 12.6% | 16.0% | 13.2% |
| ROA | 2.5% | 2.5% | 2.9% | 3.9% | 3.1% | 8.9% | 4.1% | 5.7% | 6.1% | 8.5% | 7.2% |
| ROIC | 9.2% | 9.2% | 5.4% | 3.7% | 3.2% | 7.6% | 3.1% | 1.3% | -1.7% | -2.7% | -3.4% |
| ROCE | 13.6% | 13.6% | 7.3% | 5.0% | 3.9% | 9.1% | 4.1% | 1.7% | -2.2% | -3.5% | -4.4% |
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 | 2.07 | 2.07 | 2.41 | 2.61 | 1.46 | 1.19 | 1.36 | 1.37 | 1.15 | 0.78 | 0.82 |
| Debt / EBITDA | 5.99 | 5.99 | 10.14 | 13.49 | 14.03 | 5.61 | 13.94 | 35.54 | — | — | — |
| Net Debt / Equity | — | 1.36 | 1.22 | 2.00 | 1.32 | 1.19 | 1.35 | 1.37 | 1.15 | 0.77 | 0.81 |
| Net Debt / EBITDA | 3.92 | 3.92 | 5.13 | 10.32 | 12.65 | 5.58 | 13.88 | 35.39 | — | — | — |
| Debt / FCF | — | 9.65 | — | — | — | 3.40 | 25.82 | — | — | — | — |
| Interest Coverage | 2.42 | 2.42 | 0.85 | 0.67 | 1.47 | 4.17 | 1.82 | 3.17 | 3.29 | 4.61 | -0.10 |
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 | 0.20 | 0.20 | 0.42 | 0.54 | 8.48 | 22.18 | 9.93 | 2.30 | 1.71 | 3.09 | 3.14 |
| Quick Ratio | 0.20 | 0.20 | 0.42 | 0.54 | 8.48 | 22.18 | 9.93 | 2.30 | 1.71 | 3.09 | 3.14 |
| Cash Ratio | 0.17 | 0.17 | 0.33 | 0.29 | 0.70 | 0.22 | 0.18 | 0.04 | 0.05 | 0.24 | 0.22 |
| Asset Turnover | — | 0.12 | 0.15 | 0.18 | 0.13 | 0.16 | 0.11 | 0.11 | 0.08 | 0.07 | 0.08 |
| 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 | 7.6% | 9.6% | 0.1% | 4.2% | 16.4% | 11.1% | 10.2% | 9.3% | 9.9% | 8.8% | 11.8% |
| Payout Ratio | 46.3% | 46.3% | 0.9% | 29.9% | 199.8% | 83.4% | 126.7% | 99.1% | 90.9% | 72.3% | 100.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 16.5% | 20.8% | 15.3% | 13.6% | 8.2% | 13.4% | 8.1% | 9.4% | 11.0% | 12.2% | 11.8% |
| FCF Yield | 13.5% | 19.2% | — | — | — | 22.4% | 4.3% | — | — | — | — |
| Buyback Yield | 0.4% | 0.5% | 0.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.4% |
| Total Shareholder Yield | 8.0% | 10.1% | 0.3% | 4.2% | 16.4% | 11.1% | 10.2% | 9.3% | 9.9% | 8.8% | 12.2% |
| Shares Outstanding | — | $26M | $25M | $24M | $24M | $23M | $21M | $19M | $19M | $17M | $15M |
SBA secondary market volatility
According to current market data, NewtekOne trades at a P/E of 6.22, which appears to reflect a significant conglomerate discount compared to pure-play regional banks, as investors struggle to reconcile the company's diversified service-fee income with its core SBA lending operations and recent bank holding company transition.
The low P/E multiple suggests that the market may be pricing in a higher risk premium due to the company's complex, multi-segment structure rather than its underlying earnings potential. Investors should monitor whether this valuation gap narrows as the bank conversion matures and the market gains confidence in the sustainability of the deposit-funded model.
Based on reported figures, NewtekOne's ROIC has remained suppressed, hovering near 1.7% in 2026Q1, which indicates that the company is currently struggling to generate meaningful returns on its rapidly expanding capital base as it shifts from a BDC-style funding model to a more traditional banking structure.
The persistent gap between ROE and ROIC suggests that the company's capital allocation strategy is currently hampered by the high costs associated with its regulatory and operational pivot. This trend warrants further investigation into whether the company can achieve scale-driven efficiencies that improve returns on invested capital over the medium term.
As reported in financial statements, NewtekOne's asset turnover remains exceptionally low at 0.03, reflecting the significant expansion of the balance sheet that has outpaced the company's ability to generate revenue, a trend that highlights the operational friction inherent in its current diversified business model.
The erratic nature of the company's working capital management, evidenced by extreme swings in liquidity ratios, suggests that the integration of payments and lending services has yet to produce the streamlined operational efficiency management anticipates. Investors should monitor whether the company can stabilize its asset utilization as the new banking operations reach a steady state.
Based on the provided quarterly data, NewtekOne's debt-to-equity ratio has climbed to 5.96 in 2026Q1, a marked increase from 2.61 in 2023Q4, which indicates that the company is increasingly reliant on debt financing to support its transition into a deposit-funded financial holding company.
The rising leverage profile suggests that the company's interest coverage may remain under pressure, particularly if the cost of maintaining a deposit base continues to rise. This trend appears to increase the company's sensitivity to interest rate volatility, potentially limiting its financial flexibility during periods of economic stress.
The most commonly misapplied metric for NewtekOne is the standard Price-to-Book ratio, which fails to account for the significant value of the company's non-bank service segments and the proprietary data advantage derived from its integrated payments and insurance ecosystem, leading to an incomplete assessment of its fundamental worth.
By treating NewtekOne as a traditional regional bank, analysts often overlook the high-margin, recurring fee income that differentiates the company from its peers. A sum-of-the-parts valuation or an adjusted earnings metric that strips out fair-value accounting noise would likely provide a more accurate reflection of the company's true earning power.
Includes 30+ ratios · 27 years · Updated daily
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Quick answers to the most common questions about buying NEWT stock.
NewtekOne, Inc.'s current P/E ratio is 6.1x. The historical average is 15.9x. This places it at the 9th percentile of its historical range.
NewtekOne, Inc.'s current EV/EBITDA is 6.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 22.1x.
NewtekOne, Inc.'s return on equity (ROE) is 17.4%. The historical average is 9.6%.
Based on historical data, NewtekOne, Inc. is trading at a P/E of 6.1x. This is at the 9th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
NewtekOne, Inc.'s current dividend yield is 7.65% with a payout ratio of 46.3%.
NewtekOne, Inc. has 75.3% gross margin and 42.5% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
NewtekOne, Inc.'s Debt/EBITDA ratio is 6.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.