Latest Ratios: P/E Ratio 14.8x · EV/EBITDA 5.1x · ROE 13.2%. (2019–2025 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 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $689M | $1.0B | $1.0B | $1.1B | $678M | $1.0B | — | — |
| Enterprise Value | $591M | $930M | $992M | $1.0B | $607M | $890M | — | — |
| P/E Ratio → | 14.80 | 21.17 | 34.10 | — | — | — | — | — |
| P/S Ratio | 0.82 | 1.23 | 1.53 | 1.88 | 1.26 | 2.75 | — | — |
| P/B Ratio | 1.92 | 2.75 | 2.88 | 3.08 | 1.98 | 4.05 | — | — |
| P/FCF | 5.29 | 7.89 | 14.74 | 26.50 | — | — | — | — |
| P/OCF | 5.24 | 7.81 | 14.62 | 15.66 | 27.11 | 144.85 | — | — |
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 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.11 | 1.44 | 1.73 | 1.13 | 2.35 | — | — |
| EV / EBITDA | 5.10 | 8.02 | 17.16 | 20.04 | 33.70 | — | — | — |
| EV / EBIT | 8.49 | 13.36 | 174.03 | 146.23 | — | — | — | — |
| EV / FCF | — | 7.14 | 13.93 | 24.37 | — | — | — | — |
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 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 92.4% | 92.4% | 90.8% | 91.0% | 92.6% | 92.5% | 91.3% | 92.9% |
| Operating Margin | 8.3% | 8.3% | 1.4% | 0.6% | -3.5% | -10.3% | 0.8% | 12.4% |
| Net Profit Margin | 5.8% | 5.8% | 4.4% | -2.0% | -1.9% | -11.2% | 2.2% | 10.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | 13.2% | 13.2% | 8.3% | -3.3% | -3.4% | -25.0% | 11.7% | 302.5% |
| ROA | 10.8% | 10.8% | 7.1% | -2.8% | -2.6% | -13.7% | 2.7% | 16.7% |
| ROIC | 14.0% | 14.0% | 1.9% | 0.7% | -4.5% | -14.6% | 1.5% | 37.1% |
| ROCE | 18.1% | 18.1% | 2.5% | 1.0% | -5.8% | -14.7% | 1.1% | 24.1% |
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 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | 0.02 | 0.03 | 0.04 | 0.06 | 0.55 | 6.17 |
| Debt / EBITDA | — | — | 0.15 | 0.19 | 0.71 | — | 2.65 | 1.31 |
| Net Debt / Equity | — | -0.26 | -0.16 | -0.25 | -0.21 | -0.59 | -0.46 | -2.27 |
| Net Debt / EBITDA | -0.85 | -0.85 | -0.99 | -1.75 | -3.96 | — | -2.25 | -0.48 |
| Debt / FCF | — | -0.75 | -0.81 | -2.13 | — | — | — | -1.10 |
| Interest Coverage | 116.00 | 116.00 | 8.14 | 8.88 | -7.00 | -28.00 | 1.82 | 26.36 |
Net cash position: cash ($98M) exceeds total debt ($0)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.45 | 3.45 | 3.27 | 5.32 | 2.61 | 3.69 | 5.39 | 4.01 |
| Quick Ratio | 3.45 | 3.45 | 3.27 | 5.32 | 2.61 | 3.69 | 5.39 | 4.01 |
| Cash Ratio | 1.39 | 1.39 | 1.10 | 2.69 | 1.16 | 2.55 | 3.48 | 2.51 |
| Asset Turnover | — | 1.81 | 1.57 | 1.43 | 1.27 | 1.04 | 0.96 | 1.58 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.8% | 4.7% | 2.9% | — | — | — | — | — |
| FCF Yield | 18.9% | 12.7% | 6.8% | 3.8% | — | — | — | — |
| Buyback Yield | 10.2% | — | — | — | — | — | — | — |
| Total Shareholder Yield | 10.2% | — | — | — | — | — | — | — |
| Shares Outstanding | — | $76M | $79M | $77M | $71M | $67M | $66M | $66M |
Search engine algorithm dependency
Based on reported figures, NRDS trades at a forward P/E of 9.97, which, according to recent market data, suggests investors are pricing the company as a cyclical lead-generator rather than a high-growth fintech platform, despite its consistent revenue expansion over the last ten quarters.
The current valuation multiples appear to discount the company's long-term potential, likely due to concerns regarding its sensitivity to interest rate cycles and search engine traffic volatility. Investors should monitor whether the market continues to apply a discount compared to higher-multiple fintech peers, as this may indicate a lack of confidence in the sustainability of its organic search moat.
As reported in financial statements, NRDS's ROIC has fluctuated significantly, ranging from a low of -1.9% in 2024Q2 to a peak of 6.5% in 2025Q3, indicating that the company has struggled to consistently compound returns on its invested capital throughout recent periods of aggressive marketing spend.
The inconsistency in ROIC suggests that the company's capital allocation, particularly regarding acquisitions and performance marketing, has not yet translated into a stable, value-accretive return profile. This volatility warrants further investigation into whether management's growth initiatives are effectively leveraging the company's high-authority domain or merely consuming capital to maintain top-line momentum.
According to recent SEC filings, NRDS's asset turnover has remained low, hovering between 0.32 and 0.50 over the last ten quarters, which suggests that the company's digital platform requires significant ongoing investment to generate each dollar of revenue compared to more efficient, mature software-as-a-service business models.
The persistent DSO levels, which have fluctuated between 45 and 59 days, indicate that the company's cash conversion cycle is heavily influenced by the payment terms of its financial institution partners. This reliance on external partners for timely revenue realization may limit the company's internal liquidity and flexibility during periods of industry-wide credit tightening.
Based on the provided financial data, the net income margin is frequently misapplied as a primary indicator of NRDS's earning power, as it often fails to account for the significant impact of stock-based compensation and variable marketing expenses that are essential to the company's current growth strategy.
Investors should instead focus on free cash flow margins and adjusted EBITDA, which provide a clearer view of the company's ability to generate cash after accounting for the necessary costs of maintaining its organic search presence. Relying on GAAP net income may lead to an inaccurate assessment of the company's underlying profitability and its long-term scalability.
Includes 30+ ratios · 7 years · Updated daily
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Quick answers to the most common questions about buying NRDS stock.
NerdWallet, Inc.'s current P/E ratio is 14.8x. The historical average is 27.6x.
NerdWallet, Inc.'s current EV/EBITDA is 5.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 19.7x.
NerdWallet, Inc.'s return on equity (ROE) is 13.2%. The historical average is 43.4%.
Based on historical data, NerdWallet, Inc. is trading at a P/E of 14.8x. Compare with industry peers and growth rates for a complete picture.
NerdWallet, Inc. has 92.4% gross margin and 8.3% operating margin.