Latest Ratios: P/E Ratio 45.5x · EV/EBITDA 26.0x · ROE 5.7%. (2018–2025 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 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $22.8B | $32.8B | $17.0B | $9.4B | $4.2B | $8.3B | $1.4B | — | — |
| Enterprise Value | $19.8B | $29.8B | $17.6B | $11.7B | $8.4B | $12.0B | $5.6B | — | — |
| P/E Ratio → | 45.51 | 67.13 | 39.49 | — | — | — | — | — | — |
| P/S Ratio | 4.77 | 6.87 | 4.58 | 3.25 | 2.36 | 7.66 | 1.92 | — | — |
| P/B Ratio | 2.12 | 3.12 | 2.60 | 1.69 | 0.75 | 1.77 | 0.47 | — | — |
| 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 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 6.24 | 4.76 | 4.03 | 4.75 | 11.06 | 7.49 | — | — |
| EV / EBITDA | 26.02 | 39.18 | 40.35 | — | — | — | — | — | — |
| EV / EBIT | 37.60 | 56.62 | 75.54 | — | — | — | — | — | — |
| 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 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 75.1% | 75.1% | 69.7% | 70.9% | 86.2% | 89.9% | 75.3% | 61.4% | 44.9% |
| Operating Margin | 11.0% | 11.0% | 6.3% | -10.4% | -18.1% | -44.2% | -43.7% | -33.2% | -42.2% |
| Net Profit Margin | 10.1% | 10.1% | 13.5% | -10.4% | -18.2% | -44.5% | -29.8% | -33.2% | -42.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | 5.7% | 5.7% | 8.3% | -5.4% | -6.3% | -12.5% | -8.7% | -12.2% | -13.9% |
| ROA | 1.1% | 1.1% | 1.5% | -1.2% | -2.3% | -5.5% | -2.8% | -3.0% | -3.0% |
| ROIC | 3.6% | 3.6% | 1.7% | -2.0% | -2.4% | -4.2% | -3.2% | -2.3% | -2.2% |
| ROCE | 4.9% | 4.9% | 2.3% | -2.8% | -3.3% | -6.2% | -4.7% | -3.1% | -3.0% |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.18 | 0.18 | 0.49 | 0.97 | 1.02 | 0.89 | 1.66 | 2.42 | 3.65 |
| Debt / EBITDA | 2.55 | 2.55 | 7.33 | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.29 | 0.10 | 0.41 | 0.76 | 0.79 | 1.37 | 2.18 | 3.35 |
| Net Debt / EBITDA | -3.94 | -3.94 | 1.52 | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — | 6.05 |
| Interest Coverage | 0.45 | 0.45 | 0.21 | -0.38 | -1.68 | -4.68 | -1.77 | -0.86 | -0.77 |
Net cash position: cash ($4.9B) exceeds total debt ($1.9B)
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 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.24 | 0.24 | 0.19 | 0.20 | 0.20 | 1.11 | 0.64 | 1.41 | 44.32 |
| Quick Ratio | 0.24 | 0.24 | 0.19 | 0.20 | 0.20 | 1.11 | 0.64 | 1.41 | 44.32 |
| Cash Ratio | 0.13 | 0.13 | 0.09 | 0.16 | 0.18 | 0.66 | 0.63 | 1.36 | 73.21 |
| Asset Turnover | — | 0.09 | 0.10 | 0.10 | 0.09 | 0.12 | 0.09 | 0.10 | 0.07 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | 0.1% | 0.4% | 1.0% | 0.5% | 2.8% | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.2% | 1.5% | 2.5% | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.3% | 0.2% | 0.0% | 0.0% | 0.0% | 3.4% | 0.0% | — | — |
| Total Shareholder Yield | 0.3% | 0.2% | 0.1% | 0.4% | 1.0% | 3.9% | 2.8% | — | — |
| Shares Outstanding | — | $1.3B | $1.1B | $945M | $901M | $527M | $116M | $116M | $116M |
Credit cycle and leverage
Based on current market data, SoFi trades at a forward P/E of 29.94, which suggests that investors are pricing in significant future earnings expansion relative to traditional banking peers that typically trade at lower multiples of book value or earnings.
The valuation premium appears to be driven by the market's classification of the company as a technology-enabled platform rather than a traditional lender. Investors should monitor whether this multiple remains sustainable if the growth rate of the technology platform segment decelerates or if credit losses in the personal loan book exceed current market expectations.
According to recent financial statements, the company's ROIC has remained modest, fluctuating between 0.1% and 1.2% over the last ten quarters, indicating that the firm is still in the early stages of compounding returns on its invested capital base.
The low ROIC figures suggest that the heavy investment in proprietary technology and the regulatory costs of maintaining a bank charter are currently suppressing capital efficiency. Future improvement in these returns will likely depend on the company's ability to scale its high-margin technology platform while simultaneously optimizing the yield on its loan portfolio.
As reported in quarterly filings, the company has demonstrated an ability to scale operating income from $51.2 million in 2023Q4 to $199.6 million in 2026Q1, suggesting that the fixed-cost nature of its technology infrastructure is beginning to yield meaningful operating leverage.
The improvement in operating margins from 6.0% to 14.2% over the same period implies that the company is successfully transitioning toward a more efficient cost structure. However, investors should remain cautious, as this efficiency is highly dependent on the continued growth of the member base to absorb the significant marketing and engineering expenditures.
Based on the provided balance sheet data, the current ratio has remained consistently tight, hovering between 0.15 and 0.24 over the last ten quarters, which reflects the inherent liquidity profile of a deposit-taking institution with significant short-term liabilities.
While this ratio is typical for a bank, it warrants close investigation given the company's reliance on fair value accounting for its loan assets. A sudden shift in market conditions could impact the liquidity of these assets, potentially creating a mismatch if deposit outflows were to accelerate unexpectedly.
Data from recent filings indicates a reported Debt/Equity ratio of 0.18, a figure that appears fundamentally misapplied to this business model as it likely excludes the deposit liabilities and warehouse financing facilities that constitute the primary leverage of a chartered financial institution.
Relying on this metric obscures the true solvency risk of the company, as it ignores the interest-bearing obligations that are essential to the bank's funding model. Analysts should instead focus on metrics like the loan-to-deposit ratio or total leverage including off-balance-sheet financing to gain a more accurate view of the company's financial health.
Includes 30+ ratios · 8 years · Updated daily
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Quick answers to the most common questions about buying SOFI stock.
SoFi Technologies, Inc.'s current P/E ratio is 45.5x. The historical average is 53.3x. This places it at the 50th percentile of its historical range.
SoFi Technologies, Inc.'s current EV/EBITDA is 26.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 39.8x.
SoFi Technologies, Inc.'s return on equity (ROE) is 5.7%. The historical average is -5.6%.
Based on historical data, SoFi Technologies, Inc. is trading at a P/E of 45.5x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
SoFi Technologies, Inc. has 75.1% gross margin and 11.0% operating margin. Operating margin between 10-20% is typical for established companies.
SoFi Technologies, Inc.'s Debt/EBITDA ratio is 2.5x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.