Latest Ratios: P/E Ratio -1.3x · EV/EBITDA N/A · ROE N/A. (1997–2026 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $147M | $60M | $74M | $57M | $105M | $154M | $370M | $133M | $85M | $126M | $237M |
| Enterprise Value | $139M | $53M | $190M | $151M | $179M | $272M | $446M | $295M | $221M | $239M | $352M |
| P/E Ratio → | -1.27 | — | — | — | — | — | — | — | — | — | 63.27 |
| P/S Ratio | 0.53 | 0.22 | 0.27 | 0.18 | 0.25 | 0.40 | 1.06 | 0.33 | 0.21 | 0.29 | 0.48 |
| P/B Ratio | — | — | — | — | — | — | — | — | — | — | — |
| P/FCF | — | — | — | — | — | — | — | — | — | — | 37.41 |
| P/OCF | — | — | — | — | — | — | — | — | — | — | 27.72 |
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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.19 | 0.69 | 0.48 | 0.42 | 0.71 | 1.27 | 0.73 | 0.55 | 0.55 | 0.71 |
| EV / EBITDA | — | — | — | — | — | 43.96 | 31.60 | 11.55 | — | — | 28.65 |
| EV / EBIT | — | — | — | — | — | 5.27 | — | 14.06 | — | — | 27.79 |
| EV / FCF | — | — | — | — | — | — | — | — | — | — | 55.54 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 36.9% | 36.9% | 40.1% | 40.1% | 33.9% | 41.1% | 43.1% | 42.8% | 41.6% | 39.5% | 41.6% |
| Operating Margin | -8.8% | -8.8% | -15.2% | -9.3% | -4.0% | -0.8% | 2.4% | 5.3% | -1.2% | -6.5% | 1.4% |
| Net Profit Margin | -36.1% | -36.1% | -42.0% | -13.2% | -4.4% | 10.0% | -10.1% | -1.3% | -10.6% | -9.9% | -0.5% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | — | — | — | — | — | — |
| ROA | -64.7% | -64.7% | -67.1% | -20.6% | -8.8% | 19.3% | -19.6% | -3.1% | -22.8% | -20.3% | -1.1% |
| ROIC | — | — | — | — | — | — | — | — | — | — | — |
| ROCE | — | — | — | — | -41.3% | -10.6% | 38.6% | 1979.8% | — | — | 29.3% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | — | — | — | — | — | — | — |
| Debt / EBITDA | — | — | — | — | — | 19.92 | 7.33 | 6.59 | — | — | 10.40 |
| Net Debt / Equity | — | — | — | — | — | — | — | — | — | — | — |
| Net Debt / EBITDA | — | — | — | — | — | 19.08 | 5.33 | 6.34 | — | — | 9.35 |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | 18.13 |
| Interest Coverage | -1.14 | -1.14 | -3.84 | -1.69 | -0.56 | 4.34 | -0.28 | 0.83 | -0.92 | -2.98 | 1.59 |
Net cash position: cash ($16M) exceeds total debt ($8M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.55 | 0.55 | 0.40 | 0.53 | 0.97 | 0.82 | 0.98 | 0.86 | 0.86 | 0.86 | 0.82 |
| Quick Ratio | 0.47 | 0.47 | 0.31 | 0.42 | 0.69 | 0.49 | 0.68 | 0.54 | 0.65 | 0.59 | 0.61 |
| Cash Ratio | 0.08 | 0.08 | 0.06 | 0.10 | 0.16 | 0.03 | 0.18 | 0.04 | 0.06 | 0.05 | 0.06 |
| Asset Turnover | — | 1.78 | 1.76 | 1.66 | 1.98 | 1.90 | 1.79 | 2.43 | 2.33 | 2.16 | 2.19 |
| Inventory Turnover | 10.96 | 10.96 | 7.32 | 6.78 | 6.23 | 3.91 | 4.15 | 4.64 | 6.27 | 4.70 | 6.06 |
| Days Sales Outstanding | — | 90.93 | 69.92 | 79.41 | 62.66 | 66.02 | 76.33 | 63.74 | 86.82 | 80.35 | 85.91 |
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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — | — | 1.6% |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | 2.7% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.4% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.4% | 0.0% | 0.0% |
| Shares Outstanding | — | $13M | $5M | $5M | $5M | $3M | $2M | $2M | $2M | $2M | $2M |
Liquidity and solvency pressure
Based on current market data, Quantum trades at a price-to-sales multiple of 0.60, a valuation that appears to reflect significant investor skepticism regarding the company's ability to achieve sustained profitability compared to the premium multiples assigned to high-growth storage peers like Pure Storage or NetApp.
The current P/S multiple suggests that the market is pricing in a high probability of continued operational distress rather than a successful pivot to software-defined storage. Investors should monitor whether this discount narrows as the company shifts its revenue mix toward recurring subscriptions, which would theoretically warrant a higher valuation multiple.
According to recent quarterly filings, Quantum's cash conversion cycle has fluctuated significantly, reaching 52 days in 2026Q4, which highlights the inherent difficulty in managing inventory and receivables within a business model that remains heavily reliant on lumpy, large-scale hardware deployments for its top-line revenue.
The variability in the cash conversion cycle suggests that the company lacks the working capital efficiency of its larger, more diversified peers. This inefficiency forces the firm to tie up precious liquidity in inventory, further exacerbating the cash burn during periods of slower hardware demand.
As reported in financial statements, Quantum's current ratio has consistently hovered between 0.37 and 0.81 over the last ten quarters, indicating a liquidity position that remains structurally vulnerable to even minor disruptions in customer payment cycles or unexpected increases in operational expenses.
The persistent inability to maintain a current ratio above 1.0 suggests that the company is operating with minimal financial cushion. This lack of liquidity warrants close investigation, as it may force management to prioritize short-term cash preservation over necessary long-term R&D investments.
Investors frequently misapply the price-to-sales ratio to Quantum, failing to account for the company's ongoing transition from low-margin hardware to higher-margin software, which obscures the potential for significant margin expansion that would render current revenue-based valuation multiples largely irrelevant for assessing long-term intrinsic value.
Relying solely on P/S ignores the quality of the revenue being generated, as a dollar of subscription revenue is fundamentally more valuable than a dollar of lumpy hardware sales. Analysts should instead focus on the growth rate of recurring software revenue and the associated gross margin expansion to better gauge the company's true turnaround potential.
Includes 30+ ratios · 30 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying QMCO stock.
Quantum Corporation's current P/E ratio is -1.3x. The historical average is 52.7x.
Based on historical data, Quantum Corporation is trading at a P/E of -1.3x. Compare with industry peers and growth rates for a complete picture.
Quantum Corporation has 36.9% gross margin and -8.8% operating margin.