Latest Ratios: P/E Ratio -1.5x · EV/EBITDA N/A · ROE -53.0%. (2002–2025 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 | $18M | $14M | $22M | $29M | $12M | $13M | $696566 | $62658 | $29976 | $562050 | $687150 |
| Enterprise Value | $6M | $2M | $5M | $6M | $-5682717 | $-3680870 | $714131 | $384151 | $-73885 | $335722 | $639870 |
| P/E Ratio → | -1.50 | — | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 0.34 | 0.26 | 0.34 | 0.76 | 1.04 | 1.71 | 0.12 | 0.01 | 0.01 | 0.09 | 0.15 |
| P/B Ratio | 1.01 | 0.80 | 0.83 | 0.60 | 0.47 | 0.75 | 1.23 | 0.10 | 0.02 | 0.30 | 0.30 |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — | — | — | — | — | — |
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 | — | 0.03 | 0.07 | 0.15 | -0.49 | -0.48 | 0.13 | 0.07 | -0.01 | 0.06 | 0.14 |
| EV / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — | — | — | — |
| 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 | 20.1% | 20.1% | 24.8% | 30.0% | 21.3% | 24.0% | 21.5% | 20.8% | 18.1% | 19.2% | 22.9% |
| Operating Margin | -16.1% | -16.1% | -36.1% | -61.5% | -61.5% | -85.6% | -35.7% | -18.9% | -19.7% | -26.3% | -34.7% |
| Net Profit Margin | -21.6% | -21.6% | -21.4% | -10.0% | -78.2% | -104.8% | -48.6% | -23.5% | -20.9% | -65.6% | -55.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -53.0% | -53.0% | -37.5% | -10.2% | -42.3% | -89.6% | -458.7% | -136.7% | -73.8% | -189.0% | -99.8% |
| ROA | -36.6% | -36.6% | -27.8% | -8.1% | -37.2% | -64.3% | -68.6% | -47.4% | -43.5% | -129.3% | -70.5% |
| ROIC | -91.8% | -91.8% | -104.6% | -106.4% | -125.8% | -820.4% | -197.6% | -74.6% | -58.3% | -60.7% | -58.5% |
| ROCE | -37.5% | -37.5% | -60.2% | -60.5% | -32.5% | -63.3% | -79.9% | -66.9% | -69.8% | -75.7% | -59.3% |
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 | 0.09 | 0.09 | 0.08 | 0.06 | 0.04 | 0.02 | 1.32 | 0.62 | 0.03 | 0.00 | 0.03 |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.70 | -0.66 | -0.48 | -0.69 | -0.96 | 0.03 | 0.50 | -0.08 | -0.12 | -0.02 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | -162.48 | -162.48 | -283.62 | -281.16 | -304.63 | -4.53 | -1.70 | -3.70 | -10782.38 | -4711.21 | -3.29 |
Net cash position: cash ($14M) exceeds total debt ($1M)
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 | 2.65 | 2.65 | 3.83 | 3.07 | 10.27 | 6.97 | 0.91 | 0.61 | 0.68 | 0.90 | 1.11 |
| Quick Ratio | 2.27 | 2.27 | 3.24 | 2.70 | 9.65 | 6.60 | 0.67 | 0.35 | 0.42 | 0.62 | 0.65 |
| Cash Ratio | 1.50 | 1.50 | 2.43 | 1.85 | 9.16 | 6.21 | 0.48 | 0.05 | 0.14 | 0.19 | 0.16 |
| Asset Turnover | — | 1.98 | 1.80 | 0.59 | 0.41 | 0.38 | 1.22 | 1.73 | 2.35 | 1.96 | 1.55 |
| Inventory Turnover | 12.78 | 12.78 | 10.09 | 5.15 | 7.16 | 5.77 | 12.35 | 12.68 | 17.44 | 14.58 | 10.81 |
| Days Sales Outstanding | — | 44.27 | 34.75 | 111.72 | 29.89 | 21.23 | 16.20 | 19.92 | 16.42 | 23.34 | 11.74 |
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 | — | — | — | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | — |
| 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 | — | $3M | $2M | $2M | $962959 | $408083 | $26791 | $2124 | $1249 | $1249 | $509 |
Persistent Operating Margin Deficit
Based on reported figures, NextPlat trades at a P/S multiple of 0.31, which, when compared to the broader software sector, suggests that investors are heavily discounting the company's growth prospects due to the persistent revenue contraction and the absence of a clear path to positive earnings.
The low P/S ratio appears to reflect a market skepticism regarding the company's classification as a software-application firm, given the hardware-heavy revenue mix. This valuation implies that the market is pricing the firm as a distressed retailer rather than a high-margin technology platform, warranting caution until revenue stability is demonstrated.
As reported in financial statements, the company's ROIC has trended into deeply negative territory, reaching -13.2% in 2026Q1, which indicates that the capital deployed into the business is currently destroying shareholder value rather than generating the returns necessary to justify continued investment in the current operational model.
The consistent decay in ROIC over the past ten quarters suggests that management has struggled to optimize the asset base, likely due to the low-margin nature of its hardware distribution activities. Investors should monitor whether future capital allocation shifts toward higher-margin software services, as the current trajectory indicates a failure to achieve compounding returns.
According to recent SEC filings, the company's cash conversion cycle has fluctuated significantly, reaching 29 days in 2026Q1, which highlights the inherent difficulty in managing inventory and receivables within a business model that lacks the leverage of a dominant software provider or a high-volume hardware distributor.
The volatility in the CCC suggests that the company may be facing challenges in balancing its inventory levels against shifting demand, potentially leading to increased carrying costs. This inefficiency appears to be a structural drag on liquidity, as the firm struggles to convert its sales into cash before needing to reinvest in new inventory.
Based on reported figures, the current ratio of 2.56 in 2026Q1 provides a superficial appearance of stability, yet the rapid consumption of cash reserves suggests that the company's liquidity position is more vulnerable than the headline ratio implies under a scenario of continued negative operating cash flow.
While the current ratio remains above 2.0, the underlying cash burn rate indicates that the company's ability to sustain operations without external financing is diminishing. Investors should monitor the quick ratio closely, as the reliance on inventory liquidity may prove problematic if market demand for satellite hardware continues to soften.
As indicated by the company's financial disclosures, the most commonly misapplied metric is the P/S ratio, which, when used to compare NextPlat to pure-play software peers, obscures the reality that a significant portion of revenue is derived from low-margin hardware reselling rather than recurring software subscriptions.
Analysts should instead focus on the gross margin percentage as a primary indicator of business quality, as it reveals the true cost structure of the firm's revenue. Relying on software-sector valuation multiples likely leads to an overestimation of the company's intrinsic value, as it ignores the lack of scalability inherent in the current hardware-centric distribution model.
Includes 30+ ratios · 24 years · Updated daily
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Quick answers to the most common questions about buying NXPL stock.
NextPlat Corp's current P/E ratio is -1.5x. The historical average is 1.4x.
NextPlat Corp's return on equity (ROE) is -53.0%. The historical average is -112.7%.
Based on historical data, NextPlat Corp is trading at a P/E of -1.5x. Compare with industry peers and growth rates for a complete picture.
NextPlat Corp has 20.1% gross margin and -16.1% operating margin.