Latest Ratios: P/E Ratio -7.7x · EV/EBITDA N/A · ROE -11.4%. (1996–2025 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 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.3B | $2.5B | $2.8B | $2.5B | $2.7B | $3.3B | $2.4B | $3.0B | $2.2B | $2.6B | $1.9B |
| Enterprise Value | $3.6B | $2.8B | $3.3B | $3.3B | $3.4B | $3.5B | $929M | $3.9B | $3.2B | $3.7B | $2.1B |
| P/E Ratio → | -7.71 | — | 18.33 | 14.38 | 10.48 | 11.98 | 9.35 | 11.12 | 10.40 | 21.47 | 19.92 |
| P/S Ratio | 5.27 | 4.05 | 1.93 | 1.85 | 2.69 | 3.84 | 2.42 | 3.13 | 2.76 | 5.04 | 4.49 |
| P/B Ratio | 0.90 | 0.74 | 0.79 | 0.72 | 0.84 | 1.00 | 0.80 | 1.02 | 1.00 | 1.26 | 1.67 |
| P/FCF | 7.80 | 6.00 | 7.35 | 4.89 | 9.56 | 14.16 | 12.57 | 16.17 | 11.36 | 32.70 | 26.64 |
| P/OCF | 7.16 | 5.51 | 6.57 | 4.59 | 8.51 | 11.72 | 11.74 | 11.89 | 9.87 | 22.93 | 21.12 |
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 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 4.47 | 2.25 | 2.44 | 3.38 | 4.14 | 0.95 | 3.99 | 3.95 | 7.03 | 4.86 |
| EV / EBITDA | — | — | 14.99 | 13.18 | 9.69 | 9.25 | 2.52 | 11.45 | 10.86 | 20.85 | 12.99 |
| EV / EBIT | — | — | 19.02 | 16.33 | 11.24 | 10.56 | 2.90 | 12.83 | 12.01 | 23.68 | 14.52 |
| EV / FCF | — | 6.62 | 8.57 | 6.45 | 12.00 | 15.27 | 4.91 | 20.61 | 16.21 | 45.67 | 28.83 |
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 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 5.8% | 5.8% | 49.5% | 55.9% | 84.5% | 94.3% | 80.1% | 76.9% | 79.5% | 87.3% | 90.2% |
| Operating Margin | -84.2% | -84.2% | 11.8% | 15.0% | 30.1% | 39.2% | 32.6% | 31.1% | 32.8% | 29.7% | 33.4% |
| Net Profit Margin | -63.4% | -63.4% | 10.6% | 13.0% | 25.1% | 32.0% | 26.0% | 24.5% | 26.6% | 17.8% | 22.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -11.4% | -11.4% | 4.4% | 5.2% | 7.9% | 8.7% | 8.5% | 9.1% | 10.0% | 5.7% | 8.7% |
| ROA | -1.5% | -1.5% | 0.6% | 0.6% | 1.0% | 1.2% | 1.2% | 1.3% | 1.4% | 0.8% | 1.2% |
| ROIC | -9.1% | -9.1% | 2.7% | 3.2% | 4.7% | 4.9% | 4.9% | 5.1% | 5.1% | 4.4% | 7.2% |
| ROCE | -4.2% | -4.2% | 3.4% | 4.2% | 6.5% | 6.8% | 6.6% | 6.9% | 7.0% | 6.0% | 10.3% |
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 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.19 | 0.19 | 0.33 | 0.41 | 0.42 | 0.59 | 0.68 | 0.61 | 0.80 | 0.79 | 0.39 |
| Debt / EBITDA | — | — | 5.28 | 5.66 | 3.90 | 5.02 | 5.49 | 5.42 | 6.10 | 9.34 | 2.80 |
| Net Debt / Equity | — | 0.08 | 0.13 | 0.23 | 0.21 | 0.08 | -0.49 | 0.28 | 0.43 | 0.50 | 0.14 |
| Net Debt / EBITDA | — | — | 2.12 | 3.19 | 1.98 | 0.67 | -3.93 | 2.46 | 3.25 | 5.92 | 0.99 |
| Debt / FCF | — | 0.62 | 1.21 | 1.56 | 2.45 | 1.11 | -7.66 | 4.43 | 4.85 | 12.96 | 2.19 |
| Interest Coverage | -1.01 | -1.01 | 0.25 | 0.36 | 2.12 | 4.18 | 2.67 | 1.67 | 2.08 | 3.87 | 6.58 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.86 | 0.86 | 0.10 | 0.17 | 0.20 | 0.45 | 0.40 | 0.26 | 0.24 | 0.20 | 0.21 |
| Quick Ratio | 0.86 | 0.86 | 0.10 | 0.17 | 0.20 | 0.45 | 0.40 | 0.26 | 0.24 | 0.20 | 0.21 |
| Cash Ratio | 0.09 | 0.09 | 0.03 | 0.03 | 0.03 | 0.08 | 0.20 | 0.06 | 0.07 | 0.05 | 0.04 |
| Asset Turnover | — | 0.03 | 0.05 | 0.05 | 0.04 | 0.03 | 0.04 | 0.05 | 0.05 | 0.03 | 0.05 |
| 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 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 3.8% | 4.5% | 3.8% | 4.1% | 3.4% | 2.4% | 3.1% | 2.1% | 2.5% | 1.3% | 1.5% |
| Payout Ratio | — | — | 69.1% | 57.7% | 36.7% | 29.1% | 29.3% | 26.8% | 25.8% | 37.8% | 29.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 5.5% | 7.0% | 9.5% | 8.4% | 10.7% | 9.0% | 9.6% | 4.7% | 5.0% |
| FCF Yield | 12.8% | 16.7% | 13.6% | 20.4% | 10.5% | 7.1% | 8.0% | 6.2% | 8.8% | 3.1% | 3.8% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 1.6% | 4.1% | 4.1% | 4.8% | 0.3% | 0.0% | 0.0% | 1.6% |
| Total Shareholder Yield | 3.8% | 4.5% | 3.8% | 5.7% | 7.5% | 6.5% | 7.9% | 2.4% | 2.5% | 1.3% | 3.1% |
| Shares Outstanding | — | $135M | $126M | $125M | $127M | $110M | $110M | $114M | $93M | $92M | $62M |
Asset quality and integration
According to recent market data, SFNC trades at a P/B of 0.90, suggesting that investors are pricing the bank at a discount to its tangible book value due to the persistent volatility in reported earnings and the recent contraction in the bank's overall asset base.
The current valuation reflects a market skepticism regarding the bank's ability to return to historical profitability levels following significant impairment events. Investors appear to be waiting for evidence of a stabilized earnings trajectory before assigning a premium multiple, as the current P/B ratio indicates the market views the franchise as a commodity balance sheet rather than a growth-oriented regional player.
As reported in financial statements, SFNC's ROE has struggled to maintain positive territory, with recent quarterly figures showing a return of only 2.0% in 2026Q1, highlighting the severe impact of compressed net interest margins and elevated operating expenses on the bank's core profitability metrics.
The decomposition of ROE suggests that the bank's profitability is currently constrained by both a narrow NIM and the high fixed-cost burden of its branch network. Without a meaningful improvement in asset utilization or a reduction in the efficiency ratio, the bank's ability to generate sustainable returns on equity remains highly sensitive to non-recurring accounting adjustments.
Based on quarterly filings, the net interest margin has remained stagnant at 0.8% in early 2026, while the efficiency ratio has fluctuated near 46.6%, indicating that the bank is facing significant challenges in managing its funding costs while simultaneously integrating its recent acquisition-led expansion.
The persistent margin compression suggests that the bank's legacy deposit base is increasingly sensitive to interest rate competition, forcing a higher cost of funds that offsets the yield on its loan portfolio. The volatility in the efficiency ratio further implies that the bank has yet to realize the expected operational synergies from its multi-state branch footprint.
As indicated by the bank's reported figures, SFNC has maintained a stable equity-to-assets ratio of approximately 0.14, demonstrating that the core capital base remains resilient despite the significant earnings pressure and the large-scale liquidation of the securities portfolio observed over the last ten quarters.
The stability of the capital ratios suggests that management has successfully prioritized balance sheet preservation during a period of significant stress. This capital adequacy provides a necessary buffer, though investors should monitor whether future credit provisions might necessitate a more conservative approach to capital return policies.
Investors frequently misapply the P/E ratio to SFNC, which currently stands at -7.77, failing to account for the fact that non-recurring impairment charges and acquisition-related accounting adjustments render trailing earnings an unreliable indicator of the bank's true underlying operational earning power.
The P/E ratio obscures the bank's core profitability by including one-time events that do not reflect the recurring nature of the trust and wealth management segments. Analysts should instead focus on P/TBV and normalized ROE to better assess the bank's intrinsic value and its potential for recovery as the balance sheet stabilizes.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying SFNC stock.
Simmons First National Corporation's current P/E ratio is -7.7x. The historical average is 15.5x.
Simmons First National Corporation's return on equity (ROE) is -11.4%. The historical average is 8.5%.
Based on historical data, Simmons First National Corporation is trading at a P/E of -7.7x. Compare with industry peers and growth rates for a complete picture.
Simmons First National Corporation's current dividend yield is 3.75%.
Simmons First National Corporation has 5.8% gross margin and -84.2% operating margin.