Latest Ratios: P/E Ratio -22.6x · EV/EBITDA 18.3x · ROE -8.9%. (2013–2025 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 | $723M | $764M | $1.1B | $904M | $1.1B | $2.2B | $1.1B | $1.1B | $759M | $598M | $476M |
| Enterprise Value | $2.3B | $2.3B | $2.5B | $2.4B | $2.7B | $3.7B | $2.4B | $2.4B | $1.6B | $1.3B | $1.2B |
| P/E Ratio → | -22.60 | — | 987.00 | 20.37 | — | 94.19 | 24.32 | 11.17 | — | 11.22 | 21.69 |
| P/S Ratio | 2.88 | 3.04 | 4.22 | 3.26 | 4.22 | 9.85 | 5.21 | 6.11 | 5.18 | 4.15 | 3.58 |
| P/B Ratio | 2.41 | 2.54 | 2.63 | 1.81 | 2.12 | 4.54 | 2.60 | 2.58 | 2.54 | 2.47 | 1.86 |
| P/FCF | 8.64 | 9.14 | 14.89 | 9.36 | 14.09 | 29.47 | 18.66 | 21.55 | 18.19 | — | — |
| P/OCF | 8.64 | 9.14 | 14.89 | 9.36 | 14.09 | 29.47 | 18.66 | 21.55 | 18.19 | 15.94 | 14.10 |
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 | — | 9.19 | 9.77 | 8.53 | 10.22 | 16.71 | 11.66 | 13.49 | 10.67 | 9.32 | 8.74 |
| EV / EBITDA | 18.32 | 18.66 | 13.99 | 11.37 | 18.74 | 24.22 | 14.46 | 11.54 | 24.34 | 9.57 | 20.20 |
| EV / EBIT | 81.14 | 80.40 | 24.10 | 15.30 | 65.32 | 72.55 | 31.14 | 17.85 | 93.16 | 101.16 | 53.16 |
| EV / FCF | — | 27.61 | 34.47 | 24.52 | 34.10 | 50.02 | 41.74 | 47.56 | 37.47 | — | — |
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 | 84.3% | 84.3% | 56.4% | 56.8% | 54.5% | 53.4% | 51.8% | 51.7% | 57.2% | 55.5% | 54.7% |
| Operating Margin | 11.1% | 11.1% | 32.2% | 40.8% | 17.5% | 29.4% | 40.4% | 78.8% | 11.5% | 63.5% | 16.4% |
| Net Profit Margin | -12.7% | -12.7% | 0.4% | 15.9% | -3.5% | 10.5% | 21.5% | 54.8% | -1.1% | 37.0% | 16.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -8.9% | -8.9% | 0.2% | 8.6% | -1.8% | 5.2% | 10.5% | 27.2% | -0.6% | 21.4% | 8.7% |
| ROA | -1.7% | -1.7% | 0.1% | 2.0% | -0.4% | 1.2% | 2.4% | 6.5% | -0.1% | 5.1% | 2.2% |
| ROIC | 1.1% | 1.1% | 3.3% | 4.2% | 1.7% | 2.6% | 3.5% | 7.5% | 1.2% | 6.9% | 1.7% |
| ROCE | 1.5% | 1.5% | 4.4% | 5.5% | 2.2% | 3.5% | 5.2% | 10.5% | 1.6% | 11.3% | 2.8% |
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 | 5.18 | 5.18 | 3.52 | 2.95 | 3.04 | 3.27 | 3.27 | 3.17 | 2.76 | 3.16 | 2.98 |
| Debt / EBITDA | 12.59 | 12.59 | 8.07 | 7.09 | 11.12 | 10.27 | 8.15 | 6.43 | 12.83 | 5.43 | 13.28 |
| Net Debt / Equity | — | 5.14 | 3.46 | 2.93 | 3.01 | 3.16 | 3.21 | 3.11 | 2.70 | 3.09 | 2.68 |
| Net Debt / EBITDA | 12.48 | 12.48 | 7.94 | 7.03 | 11.00 | 9.95 | 8.00 | 6.31 | 12.52 | 5.32 | 11.92 |
| Debt / FCF | — | 18.47 | 19.58 | 15.17 | 20.01 | 20.54 | 23.08 | 26.01 | 19.28 | — | — |
| Interest Coverage | 0.47 | 0.47 | 1.01 | 1.37 | 0.82 | 1.71 | 2.36 | 3.66 | 0.54 | 0.45 | 1.13 |
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 | 0.48 | 0.48 | 2.69 | 1.13 | 1.73 | 3.31 | 0.32 | 0.43 | 4.29 | 1.36 | 0.34 |
| Quick Ratio | 0.48 | 0.48 | 2.69 | 1.13 | 1.73 | 3.31 | 0.32 | 0.43 | 4.29 | 1.36 | 0.34 |
| Cash Ratio | 0.12 | 0.12 | 0.94 | 0.08 | 1.31 | 1.88 | 0.12 | 0.09 | 0.94 | 0.27 | 0.06 |
| Asset Turnover | — | 0.13 | 0.14 | 0.13 | 0.12 | 0.11 | 0.11 | 0.10 | 0.13 | 0.14 | 0.13 |
| 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 | 7.4% | 7.0% | 4.5% | 5.0% | 3.6% | 1.7% | 3.0% | 2.5% | 2.9% | 3.2% | 3.7% |
| Payout Ratio | — | — | 4441.8% | 101.2% | — | 155.4% | 73.4% | 28.3% | — | 36.1% | 81.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 0.1% | 4.9% | — | 1.1% | 4.1% | 9.0% | — | 8.9% | 4.6% |
| FCF Yield | 11.6% | 10.9% | 6.7% | 10.7% | 7.1% | 3.4% | 5.4% | 4.6% | 5.5% | — | — |
| Buyback Yield | 1.1% | 1.0% | 1.3% | 0.2% | 1.0% | 0.0% | 4.2% | 0.0% | 1.3% | 0.4% | 1.0% |
| Total Shareholder Yield | 8.5% | 8.0% | 5.8% | 5.1% | 4.6% | 1.7% | 7.2% | 2.5% | 4.2% | 3.6% | 4.7% |
| Shares Outstanding | — | $25M | $26M | $26M | $26M | $26M | $25M | $25M | $22M | $21M | $21M |
External management fee structure
As reported in recent financial data, NXRT's P/FFO multiple has compressed from 19.65 in 2024Q1 to 10.91 in 2026Q1, reflecting a market-wide reassessment of the company's ability to sustain its value-add growth trajectory in a higher-cost capital environment.
The contraction in valuation multiples suggests that investors are increasingly skeptical of the company's ability to drive per-share FFO growth through its traditional renovation playbook. Given the lack of consistent AFFO reporting, the current P/FFO valuation may be artificially inflated by the exclusion of recurring capital expenditures, warranting a cautious approach to the stock's current price.
Based on quarterly filings, NOI margins have displayed extreme instability, fluctuating between 54.6% and 136.3% over the last ten quarters, which suggests that the company's property-level profitability is highly sensitive to renovation cycles and external management fee impacts.
The erratic nature of these margins indicates that the value-add strategy may be creating significant operational friction, with units frequently taken offline for improvements. Investors should monitor whether these margin swings are a byproduct of temporary capital allocation shifts or a more permanent deterioration in the underlying asset quality.
According to the provided financial statements, NXRT's debt-to-equity ratio has trended upward from 2.81 in 2024Q1 to 5.65 in 2026Q1, signaling a growing reliance on debt financing that may limit the company's financial flexibility during market downturns.
The consistent increase in leverage, coupled with interest coverage ratios that have struggled to remain above 1.0x, suggests a precarious balance sheet position. This trend warrants close investigation, as the company's ability to service its debt obligations appears increasingly dependent on the successful execution of its renovation-led rent growth.
As evidenced by the company's negative TTM P/E of -22.72, the standard price-to-earnings ratio is fundamentally misleading for NXRT because it fails to account for the significant non-cash depreciation charges inherent in the multifamily residential business model.
Using P/E to evaluate NXRT obscures the company's actual cash-generating capacity, as depreciation is a non-cash accounting expense that does not reflect the economic reality of property maintenance. Analysts should instead prioritize FFO or AFFO, which provide a more accurate representation of the cash available for distribution to shareholders.
Includes 30+ ratios · 13 years · Updated daily
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Quick answers to the most common questions about buying NXRT stock.
NexPoint Residential Trust, Inc.'s current P/E ratio is -22.6x. The historical average is 30.5x.
NexPoint Residential Trust, Inc.'s current EV/EBITDA is 18.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 17.0x.
NexPoint Residential Trust, Inc.'s return on equity (ROE) is -8.9%. The historical average is 3.8%.
Based on historical data, NexPoint Residential Trust, Inc. is trading at a P/E of -22.6x. Compare with industry peers and growth rates for a complete picture.
NexPoint Residential Trust, Inc.'s current dividend yield is 7.40%.
NexPoint Residential Trust, Inc. has 84.3% gross margin and 11.1% operating margin. Operating margin between 10-20% is typical for established companies.
NexPoint Residential Trust, Inc.'s Debt/EBITDA ratio is 12.6x, indicating high leverage. A ratio above 4x may signal elevated financial risk.