Latest Ratios: P/E Ratio -0.8x · EV/EBITDA N/A · ROE -197.6%. (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 | $21M | $19M | $46M | $25M | $29M | $26M | $24M | $28M | $11M | $25M | $21M |
| Enterprise Value | $45M | $43M | $47M | $40M | $40M | $26M | $22M | $32M | $16M | $23M | $24M |
| P/E Ratio → | -0.80 | — | — | 33.67 | — | — | 7.19 | 4.64 | — | — | 100.00 |
| P/S Ratio | 0.15 | 0.14 | 0.28 | 0.54 | 0.11 | 0.10 | 0.11 | 0.11 | 0.05 | 0.14 | 0.16 |
| P/B Ratio | 31.52 | 30.00 | 1.89 | 0.61 | 0.76 | 0.70 | 0.63 | 0.88 | 0.45 | 0.99 | 0.85 |
| P/FCF | — | — | — | 4.43 | — | 28.84 | 3.38 | 5.77 | 25.90 | 4.76 | — |
| P/OCF | — | — | — | 3.62 | — | 9.95 | 2.76 | 4.47 | 5.41 | 3.74 | 15.87 |
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 | — | 0.31 | 0.29 | 0.87 | 0.15 | 0.10 | 0.09 | 0.13 | 0.07 | 0.13 | 0.18 |
| EV / EBITDA | — | — | 178.42 | 10.92 | 4.93 | 3.55 | 1.55 | 2.43 | 2.77 | 3.78 | 5.52 |
| EV / EBIT | — | — | 88.37 | 36.92 | 6.77 | 5.58 | 2.17 | 3.08 | 4.34 | 5.74 | 10.79 |
| EV / FCF | — | — | — | 7.17 | — | 28.89 | 3.00 | 6.76 | 37.84 | 4.41 | — |
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 | 15.9% | 15.9% | 20.5% | 22.2% | 19.5% | 18.6% | 19.6% | 19.5% | 19.3% | 20.3% | 22.0% |
| Operating Margin | -8.9% | -8.9% | -1.1% | 2.1% | 2.1% | 1.6% | 4.2% | 4.0% | 1.6% | 2.3% | 1.6% |
| Net Profit Margin | -18.1% | -18.1% | -1.9% | 1.4% | -0.3% | -0.7% | 1.5% | 1.0% | -0.7% | -0.5% | 0.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -197.6% | -197.6% | -9.8% | 1.6% | -1.9% | -4.7% | 9.6% | 8.6% | -6.2% | -3.6% | 0.7% |
| ROA | -49.0% | -49.0% | -4.3% | 0.7% | -0.8% | -2.1% | 4.1% | 3.2% | -2.4% | -1.6% | 0.3% |
| ROIC | -36.7% | -36.7% | -3.4% | 1.4% | 9.3% | 8.6% | 20.3% | 23.2% | 10.4% | 12.0% | 6.3% |
| ROCE | -74.2% | -74.2% | -5.4% | 2.3% | 13.7% | 10.5% | 25.6% | 33.2% | 14.3% | 16.1% | 8.0% |
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 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 43.83 | 43.83 | 0.78 | 0.49 | 0.53 | 0.36 | 0.34 | 0.48 | 0.49 | 0.27 | 0.39 |
| Debt / EBITDA | — | — | 72.26 | 5.40 | 2.52 | 1.83 | 0.95 | 1.14 | 2.09 | 1.12 | 2.27 |
| Net Debt / Equity | — | 38.59 | 0.03 | 0.38 | 0.29 | 0.00 | -0.07 | 0.15 | 0.21 | -0.07 | 0.10 |
| Net Debt / EBITDA | — | — | 2.72 | 4.17 | 1.36 | 0.01 | -0.20 | 0.36 | 0.88 | -0.30 | 0.57 |
| Debt / FCF | — | — | — | 2.74 | — | 0.06 | -0.38 | 0.99 | 11.94 | -0.35 | — |
| Interest Coverage | -7.51 | -7.51 | 0.24 | 0.56 | 6.08 | 8.02 | 14.44 | 10.00 | 3.41 | 12.14 | 16.56 |
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 | 0.83 | 0.83 | 1.53 | 1.57 | 1.48 | 1.43 | 1.55 | 1.37 | 1.30 | 1.45 | 1.33 |
| Quick Ratio | 0.83 | 0.83 | 1.53 | 1.57 | 1.48 | 1.43 | 1.55 | 1.37 | 1.30 | 1.45 | 1.32 |
| Cash Ratio | 0.09 | 0.09 | 0.61 | 0.09 | 0.17 | 0.27 | 0.37 | 0.22 | 0.17 | 0.27 | 0.23 |
| Asset Turnover | — | 3.09 | 2.90 | 0.51 | 2.76 | 2.87 | 2.74 | 3.11 | 3.32 | 3.13 | 2.35 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | 222.46 |
| Days Sales Outstanding | — | 72.42 | 55.24 | 342.63 | 89.01 | 77.32 | 74.28 | 71.16 | 73.48 | 72.37 | 91.49 |
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 | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | 3.0% | — | — | 13.9% | 21.5% | — | — | 1.0% |
| FCF Yield | — | — | — | 22.6% | — | 3.5% | 29.6% | 17.3% | 3.9% | 21.0% | — |
| Buyback Yield | 0.0% | 0.0% | 3.9% | 0.0% | 0.6% | 0.0% | 0.0% | 0.0% | 0.0% | 0.5% | 0.1% |
| Total Shareholder Yield | 0.0% | 0.0% | 3.9% | 0.0% | 0.6% | 0.0% | 0.0% | 0.0% | 0.0% | 0.5% | 0.1% |
| Shares Outstanding | — | $24M | $24M | $24M | $22M | $21M | $21M | $21M | $21M | $21M | $21M |
Operational and liquidity insolvency
According to recent market data, SGRP trades at a price-to-sales multiple of 0.15, which, when compared to the broader industrial services sector, suggests that investors are pricing the company as a distressed asset rather than a viable, growing business entity with long-term earnings potential.
The absence of meaningful P/E or EV/EBITDA multiples underscores the market's skepticism regarding the company's ability to return to profitability. This valuation level implies that the market has largely abandoned expectations for a turnaround, viewing the current revenue base as terminal rather than cyclical.
As reported in financial statements, SGRP's gross margin has fluctuated significantly, reaching a negative 10.6% in 2025Q4, which indicates that the company is currently unable to cover the direct labor costs associated with its merchandising services, a stark contrast to more efficient industry peers.
The collapse into negative operating margins suggests that the company's fixed cost structure is fundamentally misaligned with its current revenue scale. Investors should monitor whether management can implement drastic cost-cutting measures, as the current profitability profile appears unsustainable for a public entity.
Based on the provided quarterly data, SGRP's ROIC has deteriorated from 12.8% in 2024Q1 to a negative 30.4% by 2025Q4, reflecting a rapid decay in the company's ability to generate returns on its invested capital as operational losses continue to mount.
This trend suggests that the company is not merely failing to grow, but is actively destroying shareholder value through its current operating model. The inability to maintain positive returns on capital warrants further investigation into whether the company's core service offerings remain relevant in the current retail environment.
As indicated by recent filings, SGRP's days sales outstanding reached 143 days in 2025Q4, a significant increase from 90 days in 2026Q1, which suggests that the company is struggling to collect payments from its retail partners in a timely manner, further straining its limited cash reserves.
The volatility in collection cycles highlights a lack of leverage over customers, which is typical for smaller service providers in a commoditized market. This inefficiency in working capital management exacerbates the company's liquidity risks, as it must fund labor costs long before receiving payment for services rendered.
According to the balance sheet data, SGRP's debt-to-equity ratio has surged to an alarming 86.90 as of 2026Q1, a dramatic escalation from 0.71 in 2024Q3, which indicates that the company's reliance on debt has become extreme relative to its rapidly eroding equity base.
The combination of high leverage and negative interest coverage ratios suggests that the company may face significant challenges in servicing its existing debt obligations. Investors should be concerned that the current capital structure leaves little room for error, potentially necessitating dilutive equity raises or debt restructuring.
The price-to-book ratio of 30.99 is frequently misapplied to SGRP, as it obscures the reality that the company's book value has been decimated by persistent losses, making the ratio an unreliable indicator of intrinsic value for this specific business model.
For a service-based company with minimal tangible assets and negative earnings, book value is a poor proxy for worth. Analysts should instead focus on the cash burn rate and the sustainability of the revenue base, as these metrics provide a more accurate picture of the company's survival prospects.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying SGRP stock.
SPAR Group, Inc.'s current P/E ratio is -0.8x. The historical average is 28.2x.
SPAR Group, Inc.'s return on equity (ROE) is -197.6%. The historical average is -9.1%.
Based on historical data, SPAR Group, Inc. is trading at a P/E of -0.8x. Compare with industry peers and growth rates for a complete picture.
SPAR Group, Inc. has 15.9% gross margin and -8.9% operating margin.