Latest Ratios: P/E Ratio 30.6x · EV/EBITDA 20.3x · ROE 30.4%. (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 | $21.4B | $15.9B | $13.7B | $7.1B | — | — |
| Enterprise Value | $21.5B | $16.0B | $14.3B | $7.9B | — | — |
| P/E Ratio → | 30.55 | 22.65 | 31.31 | 42.64 | — | — |
| P/S Ratio | 3.34 | 2.48 | 2.48 | 1.68 | — | — |
| P/B Ratio | 8.01 | 5.94 | 7.10 | 4.82 | — | — |
| P/FCF | 45.03 | 33.52 | 46.49 | 47.94 | — | — |
| P/OCF | 33.69 | 25.07 | 30.76 | 25.42 | — | — |
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 | — | 2.50 | 2.59 | 1.85 | — | — |
| EV / EBITDA | 20.25 | 15.11 | 18.65 | 16.45 | — | — |
| EV / EBIT | 23.33 | 16.89 | 22.50 | 23.22 | — | — |
| EV / FCF | — | 33.78 | 48.44 | 52.76 | — | — |
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 | 49.0% | 49.0% | 48.1% | 44.9% | 37.9% | 38.6% |
| Operating Margin | 14.4% | 14.4% | 11.7% | 8.8% | 8.6% | 11.8% |
| Net Profit Margin | 11.0% | 11.0% | 7.9% | 3.9% | 6.3% | 8.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| ROE | 30.4% | 30.4% | 25.7% | 10.1% | 12.9% | 18.8% |
| ROA | 14.4% | 14.4% | 11.1% | 4.9% | 7.0% | 9.9% |
| ROIC | 26.0% | 26.0% | 20.5% | 12.9% | 11.4% | 15.7% |
| ROCE | 28.6% | 28.6% | 24.6% | 15.9% | 13.7% | 18.5% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Debt / Equity | 0.34 | 0.34 | 0.49 | 0.59 | 0.28 | 0.32 |
| Debt / EBITDA | 0.85 | 0.85 | 1.22 | 1.82 | 1.25 | 1.09 |
| Net Debt / Equity | — | 0.05 | 0.30 | 0.48 | 0.17 | 0.19 |
| Net Debt / EBITDA | 0.12 | 0.12 | 0.75 | 1.50 | 0.78 | 0.66 |
| Debt / FCF | — | 0.26 | 1.95 | 4.82 | 2.88 | 2.00 |
| Interest Coverage | 19.52 | 19.52 | 9.98 | 7.53 | 12.18 | 26.44 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Current Ratio | 2.04 | 2.04 | 1.73 | 1.69 | 1.77 | 1.78 |
| Quick Ratio | 1.47 | 1.47 | 1.14 | 1.06 | 1.20 | 1.18 |
| Cash Ratio | 0.44 | 0.44 | 0.24 | 0.14 | 0.20 | 0.23 |
| Asset Turnover | — | 1.20 | 1.26 | 1.22 | 1.13 | 1.11 |
| Inventory Turnover | 3.26 | 3.26 | 3.19 | 3.35 | 4.21 | 3.80 |
| Days Sales Outstanding | — | 95.09 | 83.62 | 84.54 | 82.42 | 88.72 |
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 | — | — | — | 2.1% | — | — |
| Payout Ratio | — | — | — | 89.9% | 19.6% | 12.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Earnings Yield | 3.3% | 4.4% | 3.2% | 2.3% | — | — |
| FCF Yield | 2.2% | 3.0% | 2.2% | 2.1% | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.4% | 0.1% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.4% | 2.2% | — | — |
| Shares Outstanding | — | $142M | $141M | $139M | $139M | $139M |
Innovation treadmill and seasonality
Based on current market data, SharkNinja trades at a forward P/E of 23.69, which appears to price in significant future growth compared to traditional appliance peers like Newell Brands, suggesting investors view the company as a high-velocity consumer technology firm rather than a legacy hardware manufacturer.
The valuation premium relative to the broader appliance sector suggests the market is assigning value to the company's repeatable R&D engine and successful category expansion. However, the P/FCF multiple of 43.29 warrants caution, as it implies that current cash generation may not yet justify the aggressive growth expectations embedded in the share price.
According to reported financial figures, ROIC has fluctuated between 3.1% and 8.8% over the last ten quarters, indicating that the company's ability to compound returns on invested capital is heavily tethered to the timing of product launches and the intense seasonality of the consumer appliance market.
The volatility in ROIC suggests that while the company's outsourced manufacturing model avoids heavy fixed-asset intensity, the returns are highly sensitive to the success of individual product cycles. Investors should monitor whether the company can sustain higher ROIC levels as it scales into new categories like beauty, which may require different capital allocation strategies.
As indicated by recent quarterly filings, the cash conversion cycle has remained elevated, peaking at 148 days in 2026Q1, which highlights the significant working capital drag created by the company's reliance on inventory stocking ahead of major retail demand windows throughout the fiscal year.
The high DIO and DSO figures suggest that the company's rapid product iteration model necessitates substantial inventory levels, which may expose the firm to obsolescence risks if consumer demand shifts unexpectedly. The efficiency of the cash conversion cycle appears to be a structural byproduct of the company's retail-heavy distribution strategy.
Based on the company's quarterly balance sheets, the debt-to-equity ratio has improved significantly from 0.65 in 2024Q2 to a conservative 0.06 in 2026Q1, reflecting a strategic shift toward minimizing interest-bearing obligations and strengthening the overall durability of the firm's capital structure against potential macro-economic shocks.
The reduction in leverage appears to provide the company with increased flexibility to navigate potential supply chain disruptions or trade policy changes. With interest coverage ratios remaining robust, the company appears well-positioned to manage its debt service requirements, provided that seasonal cash flows remain consistent with historical patterns.
The P/E ratio is frequently misapplied to SharkNinja, as it obscures the lumpy nature of earnings caused by heavy seasonal marketing spend and the timing of new product launches, which can create artificial volatility in net income that does not reflect the underlying health of the business.
Analysts should instead focus on adjusted EBITDA or cash-flow-based metrics to better capture the company's true earning power, as the P/E ratio fails to account for the significant non-cash charges and working capital fluctuations inherent in the high-velocity consumer hardware model. Relying solely on P/E may lead to an incomplete assessment of the company's operational performance.
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Quick answers to the most common questions about buying SN stock.
SharkNinja, Inc.'s current P/E ratio is 30.6x. The historical average is 32.2x. This places it at the 33th percentile of its historical range.
SharkNinja, Inc.'s current EV/EBITDA is 20.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 16.7x.
SharkNinja, Inc.'s return on equity (ROE) is 30.4%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 19.6%.
Based on historical data, SharkNinja, Inc. is trading at a P/E of 30.6x. This is at the 33th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
SharkNinja, Inc. has 49.0% gross margin and 14.4% operating margin. Operating margin between 10-20% is typical for established companies.
SharkNinja, Inc.'s Debt/EBITDA ratio is 0.8x, indicating low leverage. A ratio below 2x is generally considered financially healthy.