Latest Ratios: P/E Ratio -30.5x · EV/EBITDA N/A · ROE -42.9%. (2016–2026 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 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $9.0B | $8.8B | — | — | — | — | — | — | — | — | — |
| Enterprise Value | $8.6B | $8.5B | — | — | — | — | — | — | — | — | — |
| P/E Ratio → | -30.48 | — | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 8.39 | 8.23 | — | — | — | — | — | — | — | — | — |
| P/B Ratio | 1.30 | 1.29 | — | — | — | — | — | — | — | — | — |
| P/FCF | 173.72 | 170.36 | — | — | — | — | — | — | — | — | — |
| P/OCF | 127.37 | 124.91 | — | — | — | — | — | — | — | — | — |
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 2026 | FY 2025 | FY 2024 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 7.91 | — | — | — | — | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | 163.79 | — | — | — | — | — | — | — | — | — |
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 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 64.5% | 64.5% | 64.5% | 60.5% | 74.3% | 76.5% | 77.3% | 78.0% | 76.0% | 72.0% | 69.3% |
| Operating Margin | -28.7% | -28.7% | -21.9% | -47.6% | -13.4% | 0.2% | -3.3% | 4.4% | 5.3% | 2.1% | -8.6% |
| Net Profit Margin | -25.2% | -25.2% | -36.7% | -56.5% | -13.7% | -2.9% | -2.9% | 1.5% | -4.1% | -2.4% | -11.3% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -42.9% | -42.9% | — | — | -14.2% | -2.4% | -2.1% | 1.0% | -4.8% | — | — |
| ROA | -3.6% | -3.6% | -4.2% | -9.0% | -5.5% | -1.0% | -1.1% | 0.7% | -1.7% | -0.8% | -2.9% |
| ROIC | -25.0% | -25.0% | — | -41.0% | -13.0% | 0.2% | -2.2% | 2.8% | 4.2% | 2.6% | -7.4% |
| ROCE | -4.5% | -4.5% | -2.7% | -8.8% | -12.4% | 0.1% | -1.5% | 2.7% | 2.7% | 0.9% | -2.6% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.00 | 0.00 | — | — | 1.02 | 0.77 | 0.81 | — | 0.21 | — | — |
| Debt / EBITDA | — | — | 21.58 | — | — | 18.77 | — | — | 1.71 | 8.44 | 75.86 |
| Net Debt / Equity | — | -0.05 | — | — | -0.05 | -0.32 | -0.21 | -0.19 | -0.15 | — | — |
| Net Debt / EBITDA | — | — | 19.08 | — | — | -7.85 | — | -3.28 | -1.19 | 7.01 | 65.57 |
| Debt / FCF | — | -6.57 | — | — | — | -2.79 | -2.13 | -2.66 | -2.49 | 16.89 | 40.75 |
| Interest Coverage | -12.23 | -12.23 | -1.02 | -2.43 | -22.56 | 0.16 | -6.09 | — | -1.36 | — | — |
Net cash position: cash ($358M) exceeds total debt ($18M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.32 | 1.32 | 0.89 | 1.15 | 0.95 | 1.20 | 3.39 | 1.61 | 1.99 | 1.16 | 0.93 |
| Quick Ratio | 1.32 | 1.32 | 0.89 | 1.15 | 0.95 | 1.20 | 3.39 | 1.61 | 1.99 | 1.16 | 0.93 |
| Cash Ratio | 0.56 | 0.56 | 0.21 | 0.46 | 0.62 | 0.91 | 2.57 | 0.57 | 1.16 | 0.28 | 0.27 |
| Asset Turnover | — | 0.14 | 0.12 | 0.09 | 0.39 | 0.34 | 0.29 | 0.47 | 0.37 | 0.34 | 0.26 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 138.92 | 133.33 | 138.58 | 119.35 | 112.18 | 134.64 | 148.79 | 143.03 | 134.49 | 120.75 |
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 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — | — | — |
| FCF Yield | 0.6% | 0.6% | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $562M | $547M | $138M | $94M | $91M | $89M | $90M | $52M | $69M | $72M |
SaaS transition margin compression
Based on current market data, SailPoint trades at a 6.98x price-to-sales multiple, which appears to price in significant future growth expectations despite the company's persistent negative net margins and the absence of a positive forward P/E ratio in the current institutional research coverage.
The valuation reflects a market premium typically reserved for high-growth SaaS entities, yet it remains disconnected from the firm's current lack of GAAP profitability. Investors should monitor whether this multiple can be sustained as the company shifts from legacy license revenue to a ratable subscription model, which inherently suppresses near-term reported earnings.
As reported in historical financial statements, SailPoint's ROIC has struggled to maintain positive territory, recently hovering at -0.9% in 2027Q1, which suggests that the firm is currently failing to generate returns above its cost of capital during this intensive cloud-migration investment phase.
The negative trend in return on invested capital highlights the heavy burden of R&D and S&M spending required to transition the legacy customer base. Until the company achieves sufficient scale in its Identity Security Cloud, these returns are likely to remain depressed compared to mature software peers.
According to recent quarterly filings, SailPoint's DSO has remained elevated, reaching 117 days in 2027Q1, which indicates a prolonged collection cycle that may be tied to the complex, multi-year implementation nature of its enterprise identity governance contracts.
This extended collection period suggests that the company's working capital efficiency is hampered by the professional services component of its business model. Investors should watch for a compression in DSO as the firm successfully shifts more of its revenue toward standardized, cloud-native subscription offerings.
Based on the provided balance sheet data, SailPoint maintains a D/E ratio of 0.00, indicating a clean capital structure that provides the firm with significant operational flexibility to navigate its ongoing transition without the immediate pressure of debt service obligations.
The absence of leverage is a critical defensive feature, particularly given the company's negative operating margins and the inherent volatility of its SaaS transition. This fortress-like debt position allows management to prioritize long-term market share acquisition over short-term cash flow generation for interest payments.
The P/E ratio is the most commonly misapplied metric for SailPoint, as it obscures the underlying value of the firm's recurring revenue transition and the significant non-cash expenses, such as stock-based compensation, that artificially depress GAAP earnings in the current reporting cycle.
Analysts should instead focus on EV/Sales or RPO growth to gauge the true momentum of the business. Relying on P/E in this context is misleading because it fails to account for the deliberate, high-cost investment phase required to secure long-term, high-margin subscription contracts.
Includes 30+ ratios · 10 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying SAIL stock.
SailPoint, Inc.'s current P/E ratio is -30.5x. This places it at the 50th percentile of its historical range.
SailPoint, Inc.'s return on equity (ROE) is -42.9%. The historical average is -10.9%.
Based on historical data, SailPoint, Inc. is trading at a P/E of -30.5x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
SailPoint, Inc. has 64.5% gross margin and -28.7% operating margin.