Latest Ratios: P/E Ratio -26.8x · EV/EBITDA N/A · ROE -127.6%. (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 | $579M | $251M | $260M | $157M | $256M | $668M | — | — |
| Enterprise Value | $548M | $220M | $317M | $137M | $187M | $771M | — | — |
| P/E Ratio → | -26.78 | — | — | — | — | — | — | — |
| P/S Ratio | 32.71 | 14.17 | 20.19 | 15.55 | 42.51 | 157.19 | — | — |
| P/B Ratio | 10.68 | 4.14 | — | 3.03 | 2.41 | — | — | — |
| P/FCF | — | — | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — | — | — |
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 | — | 12.41 | 24.65 | 13.61 | 31.15 | 181.45 | — | — |
| 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 | 28.8% | 28.8% | 61.0% | 49.8% | 45.4% | 55.8% | — | — |
| Operating Margin | -175.2% | -175.2% | -405.6% | -688.9% | -1511.4% | -1616.1% | — | — |
| Net Profit Margin | -27.0% | -27.0% | -903.4% | -605.7% | -609.5% | -2267.6% | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | -127.6% | -127.6% | — | -77.3% | -34.5% | — | — | — |
| ROA | -4.5% | -4.5% | -168.4% | -55.4% | -37.8% | -184.3% | -42.0% | -43.3% |
| ROIC | -137.2% | -137.2% | -214.2% | -148.6% | -179.8% | — | -74.9% | -81.1% |
| ROCE | -39.8% | -39.8% | -127.2% | -82.2% | -79.9% | — | — | -85.9% |
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 | 1.05 | 1.05 | — | 0.08 | 0.08 | — | — | — |
| Debt / EBITDA | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.51 | — | -0.38 | -0.64 | — | — | — |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — |
| Interest Coverage | -2386.08 | -2386.08 | -1596.38 | -1017.35 | -19.09 | -10.06 | -2.98 | -4.63 |
Net cash position: cash ($94M) exceeds total debt ($63M)
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 | 5.12 | 5.12 | 0.80 | 1.24 | 2.70 | 0.04 | 0.14 | 1.05 |
| Quick Ratio | 5.02 | 5.02 | 0.80 | 1.24 | 2.70 | 0.04 | 0.14 | 1.05 |
| Cash Ratio | 4.20 | 4.20 | 0.65 | 1.10 | 2.54 | 0.03 | 0.13 | 1.03 |
| Asset Turnover | — | 0.12 | 0.21 | 0.13 | 0.04 | 0.09 | — | — |
| Inventory Turnover | 6.04 | 6.04 | — | — | — | — | — | — |
| Days Sales Outstanding | — | 176.20 | 41.52 | 32.64 | 84.27 | 102.79 | — | — |
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 | 0.0% | 0.0% | 0.0% | 0.3% | 3.4% | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.3% | 3.4% | 0.0% | — | — |
| Shares Outstanding | — | $134M | $91M | $90M | $84M | $69M | $50M | $69M |
High capital intensity risk
Based on reported figures, Satellogic trades at a price-to-sales multiple of 31.35, which appears to command a significant premium compared to peers like BlackSky, suggesting that investors are pricing in aggressive future growth rather than current, highly volatile and lumpy sovereign mission revenue streams.
The elevated P/S ratio implies that the market is valuing the company as a high-growth technology platform rather than a capital-intensive hardware manufacturer. Investors should monitor whether this valuation can be sustained if the conversion of the sales pipeline into recognized revenue continues to exhibit significant quarterly volatility.
As reported in financial statements, Satellogic's ROIC has remained consistently negative over the last ten quarters, reaching -38.6% in 2026Q1, which indicates that the company is currently destroying rather than compounding invested capital as it scales its satellite constellation and manufacturing infrastructure.
The persistent negative returns on capital suggest that the massive upfront investment in satellite hardware and launch services has yet to generate sufficient operating income to justify the capital base. This trend warrants further investigation into whether the company can achieve a positive ROIC as it transitions toward a more mature, recurring revenue model.
According to recent SEC filings, Satellogic's cash conversion cycle reached 83 days in 2026Q1, driven by high days sales outstanding and significant inventory holding periods, which highlights the structural challenges of managing a vertically integrated aerospace supply chain alongside lumpy government contract payment schedules.
The extended CCC suggests that the company is tying up significant liquidity in its operations, which may be exacerbated by the long procurement cycles inherent in sovereign missions. Investors should monitor whether management can optimize these working capital metrics to improve cash flow generation as the constellation reaches critical mass.
Based on quarterly financial data, Satellogic's current ratio has fluctuated wildly, dropping to a low of 0.58 in 2025Q1 before recovering to 2.44 in 2026Q1, highlighting a precarious reliance on periodic, non-recurring capital infusions to maintain its short-term operational runway and meet immediate obligations.
The volatility in liquidity ratios suggests that the company's ability to fund its ongoing R&D and launch schedule is highly sensitive to external financing conditions. This instability may indicate that the company remains vulnerable to liquidity shocks if milestone payments are delayed or if capital markets tighten.
The price-to-sales ratio is frequently misapplied to Satellogic, as it obscures the underlying lumpiness of milestone-based sovereign mission contracts and fails to account for the significant non-cash accounting distortions that often inflate or deflate the company's reported revenue and earnings quality.
Analysts should instead focus on backlog growth and deferred revenue, which provide a more accurate picture of future performance than trailing revenue multiples. Relying on P/S ratios in this context may lead to an overestimation of the company's current commercial traction and its ability to generate repeatable, high-margin cash flows.
Includes 30+ ratios · 7 years · Updated daily
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying SATL stock.
Satellogic Inc.'s current P/E ratio is -26.8x. This places it at the 50th percentile of its historical range.
Satellogic Inc.'s return on equity (ROE) is -127.6%. The historical average is -79.8%.
Based on historical data, Satellogic Inc. is trading at a P/E of -26.8x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Satellogic Inc. has 28.8% gross margin and -175.2% operating margin.