Latest Ratios: P/E Ratio -5.0x · EV/EBITDA N/A · ROE -44.9%. (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 | $1.7B | $909M | $1.1B | $184M | $127M | $423M | — | — |
| Enterprise Value | $1.8B | $1.0B | $1.2B | $260M | $194M | $481M | — | — |
| P/E Ratio → | -4.98 | — | — | — | — | — | — | — |
| P/S Ratio | 5.09 | 2.71 | 3.58 | 0.76 | 0.79 | 3.08 | — | — |
| P/B Ratio | 1.28 | 0.86 | — | 3.49 | 1.82 | 3.95 | — | — |
| P/FCF | — | — | — | — | — | — | — | — |
| P/OCF | — | — | — | 149.69 | — | — | — | — |
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 | — | 3.11 | 3.90 | 1.07 | 1.21 | 3.50 | — | — |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 5.2% | 5.2% | 14.6% | 23.8% | 17.9% | 21.3% | 21.1% | 21.0% |
| Operating Margin | -68.5% | -68.5% | -13.9% | -6.4% | -91.2% | -51.0% | -15.0% | -16.9% |
| Net Profit Margin | -67.6% | -67.6% | -37.6% | -11.2% | -81.4% | -44.7% | -27.3% | -17.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | -44.9% | -44.9% | -24959.6% | -44.4% | -147.5% | -84.1% | -89.7% | — |
| ROA | -26.0% | -26.0% | -40.5% | -10.3% | -50.3% | -29.4% | -18.8% | -33.2% |
| ROIC | -27.8% | -27.8% | -36.7% | -8.8% | -72.8% | -40.2% | -15.0% | — |
| ROCE | -32.0% | -32.0% | -27.9% | -9.7% | -78.4% | -42.1% | -13.8% | -215.0% |
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 | 0.22 | 0.22 | — | 2.00 | 1.36 | 0.73 | 2.03 | — |
| Debt / EBITDA | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | 0.13 | — | 1.43 | 0.96 | 0.54 | 1.47 | — |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | -1.09 |
| Interest Coverage | -5.34 | -5.34 | -2.45 | -1.45 | -5.67 | -6.75 | -16.20 | — |
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 | 1.62 | 1.62 | 0.84 | 0.98 | 1.02 | 1.08 | 1.17 | 1.13 |
| Quick Ratio | 1.27 | 1.27 | 0.83 | 0.96 | 1.00 | 1.06 | 1.16 | 1.13 |
| Cash Ratio | 0.61 | 0.61 | 0.33 | 0.27 | 0.30 | 0.40 | 0.66 | 1.08 |
| Asset Turnover | — | 0.23 | 1.04 | 0.90 | 0.62 | 0.53 | 0.37 | 1.88 |
| Inventory Turnover | 5.70 | 5.70 | 115.97 | 122.58 | 89.76 | 157.30 | 137.27 | — |
| Days Sales Outstanding | — | 88.45 | 78.75 | 104.81 | 132.89 | 76.12 | 100.35 | 4.57 |
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 | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — |
| Buyback Yield | 3.7% | 7.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 3.7% | 7.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $120M | $66M | $65M | $64M | $63M | $60M | $60M |
Persistent Operating Cash Burn
As reported in financial statements, Redwire trades at a price-to-sales multiple of 4.89, a valuation that appears to price in significant future growth optionality rather than current earnings, given the absence of a positive P/E ratio or meaningful EBITDA generation in the current fiscal period.
The market's willingness to assign a premium to revenue suggests investors are valuing the company's flight heritage and strategic role in the US space industrial base rather than its immediate bottom-line performance. This valuation disconnect warrants caution, as the lack of a positive earnings multiple makes the stock highly sensitive to any deceleration in contract wins or delays in achieving operational scale.
Based on recent quarterly data, Redwire's ROIC has remained consistently negative, bottoming at -11.8% in 2025Q1, which indicates that the capital deployed through aggressive M&A activity has yet to generate a positive return on invested capital for the consolidated entity.
The persistent negative returns suggest that the company is currently destroying value rather than compounding it, as the costs of integrating disparate aerospace units continue to outweigh the returns generated by their specialized hardware. Investors should monitor whether the recent improvement toward -4.4% in 2026Q1 represents a sustainable trend toward positive capital efficiency or merely a temporary fluctuation in project-based revenue recognition.
According to reported figures, Redwire's cash conversion cycle has shown extreme volatility, peaking at 117 days in 2025Q2, which highlights the structural difficulty of managing inventory and receivables across a complex, project-based aerospace manufacturing business model compared to more standardized industrial peers.
The wide swings in the CCC suggest that the company lacks the leverage to dictate favorable payment terms with its government and prime contractor customers, leading to significant cash flow pressure. This inefficiency in working capital management appears to be a primary driver of the company's liquidity constraints, as capital remains tied up in long-duration contracts for extended periods.
As indicated by the 2026Q1 current ratio of 1.75, Redwire maintains a modest liquidity cushion, yet this figure may be misleading given the high inventory dependence and the potential for sudden cash outflows required to support ongoing mission-critical aerospace projects.
While the current ratio appears adequate on the surface, the company's reliance on external financing to cover its persistent operating losses suggests that its liquidity position is more vulnerable than the headline numbers imply. Any disruption in the timing of milestone payments from government agencies could quickly strain the company's ability to meet its short-term obligations without further dilutive capital raises.
The most commonly misapplied metric for Redwire is the price-to-sales ratio, which obscures the company's underlying profitability challenges by ignoring the high cost of goods sold and the significant non-cash charges inherent in its acquisition-heavy business model.
Investors should instead focus on the backlog-to-revenue conversion rate and adjusted EBITDA, as these metrics better capture the company's ability to turn its specialized engineering work into sustainable cash flow. Relying on P/S multiples in this context risks overestimating the company's value by failing to account for the structural margin compression that currently defines its operational reality.
Includes 30+ ratios · 7 years · Updated daily
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Quick answers to the most common questions about buying RDW stock.
Redwire Corporation's current P/E ratio is -5.0x. This places it at the 50th percentile of its historical range.
Redwire Corporation's return on equity (ROE) is -44.9%. The historical average is -82.1%.
Based on historical data, Redwire Corporation is trading at a P/E of -5.0x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Redwire Corporation has 5.2% gross margin and -68.5% operating margin.