Latest Ratios: P/E Ratio -47.8x · EV/EBITDA N/A · ROE -5.3%. (2021–2025 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 |
|---|---|---|---|---|---|---|
| Market Cap | $36M | $46M | $15M | $24M | $143M | $133M |
| Enterprise Value | $36M | $46M | $15M | $26M | $146M | $133M |
| P/E Ratio → | -47.80 | — | — | — | — | — |
| P/S Ratio | 7.32 | 9.35 | 18.50 | 49.66 | 798.95 | — |
| P/B Ratio | 2.62 | 3.38 | 1.10 | 2.52 | 14.77 | 4437.09 |
| P/FCF | — | — | 28.64 | — | 330.87 | — |
| P/OCF | — | — | 23.10 | — | 324.91 | — |
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 |
|---|---|---|---|---|---|---|
| EV / Revenue | — | 9.39 | 19.11 | 54.18 | 817.74 | — |
| EV / EBITDA | — | — | — | — | — | 57.35 |
| EV / EBIT | — | — | 730.34 | — | — | 57.35 |
| EV / FCF | — | — | 29.59 | — | 338.65 | — |
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 |
|---|---|---|---|---|---|---|
| Gross Margin | 16.3% | 16.3% | 97.2% | 96.6% | 97.4% | — |
| Operating Margin | -5.9% | -5.9% | -38.7% | -62.6% | -1275.2% | — |
| Net Profit Margin | -14.7% | -14.7% | -14.2% | -228.0% | -1515.8% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| ROE | -5.3% | -5.3% | -1.0% | -11.5% | -55.9% | 7730.9% |
| ROA | -4.6% | -4.6% | -0.8% | -8.1% | -38.1% | 920.7% |
| ROIC | -1.6% | -1.6% | -1.8% | -1.8% | -25.0% | — |
| ROCE | -2.0% | -2.0% | -2.4% | -2.4% | -33.5% | -497.8% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Debt / Equity | 0.03 | 0.03 | 0.04 | 0.25 | 0.39 | 5.82 |
| Debt / EBITDA | — | — | — | — | — | 0.08 |
| Net Debt / Equity | — | 0.02 | 0.04 | 0.23 | 0.35 | -3.97 |
| Net Debt / EBITDA | — | — | — | — | — | -0.05 |
| Debt / FCF | — | — | 0.95 | — | 7.78 | — |
| Interest Coverage | -37.11 | -37.11 | 0.16 | -0.56 | -2.75 | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Current Ratio | 1.13 | 1.13 | 0.76 | 0.20 | 1.06 | 22.59 |
| Quick Ratio | 1.13 | 1.13 | 0.76 | 0.20 | 1.06 | 22.59 |
| Cash Ratio | 0.07 | 0.07 | 0.12 | 0.15 | 0.79 | 6.19 |
| Asset Turnover | — | 0.30 | 0.05 | 0.04 | 0.01 | — |
| 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 |
|---|---|---|---|---|---|---|
| Dividend Yield | 0.3% | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — |
| FCF Yield | — | — | 3.5% | — | 0.3% | — |
| Buyback Yield | 0.3% | — | — | — | — | — |
| Total Shareholder Yield | 0.6% | — | — | — | — | — |
| Shares Outstanding | — | $15M | $15M | $14M | $14M | $13M |
Severe liquidity and solvency
As reported in recent financial statements, RMCO's gross margin has experienced a sharp contraction from 98.3% in 2024Q1 to 11.7% in 2026Q1, indicating that the company's current asset mix carries substantial direct costs that deviate significantly from the high-margin profiles typical of traditional royalty aggregators.
The persistent negative operating margin of -5.3% in 2026Q1 suggests that the company's corporate infrastructure and legal expenses are currently outpacing its revenue generation. Investors should monitor whether this margin compression is a structural byproduct of the company's hybrid asset strategy or a temporary result of scaling its operational footprint.
Based on historical data, RMCO's ROIC has struggled to maintain positive territory, fluctuating between -0.5% and -4.4% over the last ten quarters, which suggests that the company is currently failing to generate returns on invested capital that exceed its cost of funding or operational requirements.
The inability to achieve positive ROIC indicates that the capital deployed into royalty and IP assets has not yet reached a critical mass of monetization. This trend warrants further investigation into whether management's asset acquisition strategy is fundamentally value-accretive or if it is merely expanding the revenue base without improving underlying profitability.
According to reported figures, RMCO's asset turnover remains exceptionally low at 0.10 in 2026Q1, while DSO has fluctuated significantly, reaching as high as 191 days in 2025Q3, which highlights a lack of efficiency in converting its asset base into consistent, liquid revenue streams.
The extended collection periods suggest that the company may be facing challenges in the timely realization of its royalty and licensing income. This inefficiency, combined with the lack of a clear cash conversion cycle, implies that the company's working capital management is currently a drag on its overall liquidity position.
As indicated by the most recent quarterly filings, RMCO's cash and equivalents have dwindled to $133,064, a figure that appears critically thin given the company's ongoing operating losses and the current ratio of 1.21, which provides only a marginal buffer against near-term financial obligations.
The company's liquidity position appears vulnerable, particularly given the volatility of its cash flow from operations. Investors should monitor the risk of dilutive financing, as the current cash balance may be insufficient to support the company's aggressive asset acquisition strategy without further capital market intervention.
The market frequently misapplies the 'royalty' label to RMCO, which obscures the reality that the company functions more like an active, early-stage venture vehicle requiring significant G&A to unlock value, rather than a passive, high-margin collector of established resource cash flows.
Analysts should avoid using standard royalty valuation multiples like P/E or EV/EBITDA, as these metrics assume a level of margin stability and cash-flow predictability that RMCO has not yet demonstrated. Instead, investors should focus on the 'Asset Acquisition Velocity' and the 'Patent Litigation Success Rate' as more accurate indicators of the company's true operational progress.
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Quick answers to the most common questions about buying RMCO stock.
Royalty Management Holding Corporation's current P/E ratio is -47.8x. This places it at the 50th percentile of its historical range.
Royalty Management Holding Corporation's return on equity (ROE) is -5.3%. The historical average is -18.4%.
Based on historical data, Royalty Management Holding Corporation is trading at a P/E of -47.8x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Royalty Management Holding Corporation's current dividend yield is 0.31%.
Royalty Management Holding Corporation has 16.3% gross margin and -5.9% operating margin.