Latest Ratios: P/E Ratio 6.8x · EV/EBITDA 3.2x · ROE 19.6%. (2016–2025 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 | $2.7B | $4.0B | $2.4B | $5.8B | $2.9B | $5.2B | $24.7B | $11.1B | $5.1B | — | — |
| Enterprise Value | $5.2B | $16.8B | $10.1B | $9.1B | $7.0B | $9.1B | $28.3B | $12.5B | $7.7B | — | — |
| P/E Ratio → | 6.78 | 1.78 | — | 3.61 | — | — | 28.84 | 13.76 | 16.76 | — | — |
| P/S Ratio | 0.97 | 0.29 | 0.19 | 0.51 | 0.33 | 1.14 | 7.78 | 4.63 | 3.34 | — | — |
| P/B Ratio | 1.31 | 0.34 | 0.20 | 0.39 | 0.23 | 0.38 | 1.64 | 7.45 | 1.00 | — | — |
| P/FCF | — | — | — | 13.16 | 3.07 | 2.26 | — | — | — | — | — |
| P/OCF | 20.70 | 6.10 | — | 3.49 | 1.75 | 1.44 | 436.41 | — | — | — | — |
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 | — | 1.19 | 0.79 | 0.80 | 0.77 | 1.98 | 8.93 | 5.23 | 5.00 | — | — |
| EV / EBITDA | 3.20 | 2.03 | 1.53 | 1.55 | 1.62 | 6.34 | 17.31 | 8.45 | 9.62 | — | — |
| EV / EBIT | 3.64 | 3.56 | 1.76 | 1.73 | 2.05 | 10.67 | 21.21 | 9.50 | 11.37 | — | — |
| EV / FCF | — | — | — | 20.80 | 7.27 | 3.93 | — | — | — | — | — |
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 | 76.2% | 76.2% | 73.4% | 73.8% | 70.4% | 62.6% | 75.7% | 82.1% | 78.9% | 69.8% | 68.5% |
| Operating Margin | 51.4% | 51.4% | 46.2% | 46.1% | 38.8% | 20.2% | 43.5% | 55.1% | 45.9% | 33.8% | 31.8% |
| Net Profit Margin | 16.4% | 16.4% | -11.9% | 14.0% | -5.8% | -29.7% | 27.0% | 33.6% | 19.7% | -14.7% | -28.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 19.6% | 19.6% | -11.4% | 11.5% | -3.9% | -9.5% | 10.4% | 24.4% | 10.8% | -20.3% | -20.4% |
| ROA | 4.0% | 4.0% | -2.9% | 3.5% | -1.2% | -3.7% | 4.7% | 8.8% | 3.0% | -2.1% | -3.1% |
| ROIC | 24.7% | 24.7% | 23.5% | 22.5% | 15.2% | 3.8% | 9.6% | 18.7% | 11.0% | 15.8% | 22.0% |
| ROCE | 33.7% | 33.7% | 28.6% | 28.4% | 19.2% | 4.9% | 13.6% | 28.7% | 14.0% | 14.2% | 18.7% |
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 | 1.49 | 1.49 | 1.09 | 0.38 | 0.43 | 0.61 | 0.41 | 1.13 | 0.56 | 4.31 | 0.07 |
| Debt / EBITDA | 2.12 | 2.12 | 1.96 | 0.94 | 1.29 | 5.84 | 3.72 | 1.13 | 3.57 | 6.76 | 0.23 |
| Net Debt / Equity | — | 1.08 | 0.65 | 0.23 | 0.31 | 0.28 | 0.24 | 0.97 | 0.50 | 2.98 | -0.22 |
| Net Debt / EBITDA | 1.54 | 1.54 | 1.17 | 0.57 | 0.94 | 2.70 | 2.23 | 0.97 | 3.19 | 4.68 | -0.73 |
| Debt / FCF | — | — | — | 7.64 | 4.20 | 1.68 | — | — | — | — | — |
| Interest Coverage | 2.45 | 2.45 | 5.41 | 7.55 | 3.65 | 1.70 | 3.92 | 3.72 | 2.23 | 0.49 | 0.33 |
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 | 1.30 | 1.30 | 1.37 | 1.29 | 1.22 | 1.31 | 2.19 | 1.55 | 2.05 | 1.57 | 1.06 |
| Quick Ratio | 1.30 | 1.30 | 1.37 | 1.29 | 1.22 | 1.31 | 2.19 | 1.55 | 2.05 | 1.62 | 1.06 |
| Cash Ratio | 0.15 | 0.15 | 0.43 | 0.42 | 0.35 | 0.39 | 0.84 | 0.33 | 0.51 | 0.22 | 0.08 |
| Asset Turnover | — | 0.23 | 0.23 | 0.23 | 0.21 | 0.11 | 0.10 | 0.49 | 0.12 | 0.11 | 0.11 |
| Inventory Turnover | — | — | — | — | — | — | — | — | 8283.05 | — | — |
| Days Sales Outstanding | — | 1139.17 | 884.96 | 793.71 | 863.49 | 1626.03 | 2049.30 | 545.51 | 2216.63 | 2533.34 | 2654.51 |
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 | 14.8% | 56.3% | — | 27.7% | — | — | 3.5% | 7.3% | 6.0% | — | — |
| FCF Yield | — | — | — | 7.6% | 32.6% | 44.3% | — | — | — | — | — |
| Buyback Yield | 21.3% | 72.4% | 66.0% | 5.1% | 0.0% | 19.0% | 0.3% | 0.0% | 2.8% | — | — |
| Total Shareholder Yield | 21.3% | 72.4% | 66.0% | 5.1% | 0.0% | 19.0% | 0.3% | 0.0% | 2.8% | — | — |
| Shares Outstanding | — | $273M | $302M | $319M | $312M | $309M | $294M | $277M | $277M | $277M | $205M |
Credit and Funding Volatility
According to current market data, StoneCo trades at a forward P/E of 1.04 and an EV/EBITDA of 0.67, suggesting that investors are heavily discounting the company's future earnings potential compared to peers like PagSeguro, which maintains a significantly higher valuation multiple in the current Brazilian fintech landscape.
The compression of valuation multiples appears to reflect deep market concern regarding the sustainability of the company's earnings following the 2026Q1 operational contraction. Investors should monitor whether these low multiples represent a genuine value opportunity or a structural trap driven by the high risk of future credit-related write-downs.
Based on reported figures, StoneCo's ROIC has deteriorated into negative territory at -3.2% as of 2026Q1, marking a sharp reversal from the 5-7% range observed throughout 2025 and indicating that the firm is currently failing to generate positive returns on its invested capital base.
The collapse in ROIC suggests that the company's recent strategic investments and hub expansions are not yielding the expected incremental returns. This trend warrants further investigation into whether the firm's capital allocation strategy is fundamentally misaligned with the current high-interest-rate environment in Brazil.
As reported in financial statements, StoneCo's DSO has ballooned to 5,284 days in 2026Q1, a massive increase from the 1,000-day levels seen in 2025, which highlights severe inefficiencies in the company's ability to collect on its merchant receivables and manage its core working capital cycle.
The extreme spike in DSO suggests that the company's credit-linked payment products are facing significant collection delays, which may indicate a deterioration in the underlying credit quality of the merchant base. This operational inefficiency appears to be a primary driver of the firm's recent liquidity and cash flow instability.
According to recent SEC filings, StoneCo's debt-to-equity ratio has climbed to 1.29 in 2026Q1, up from 0.38 in 2023Q4, indicating that the company is increasingly reliant on external financing to support its operations amidst a period of significant revenue and margin contraction.
The escalation in leverage, combined with a negative interest coverage ratio of -0.91, suggests that the company's debt service capacity has become critically compromised. Investors should monitor the firm's ability to refinance these obligations without further diluting equity or incurring prohibitive interest costs.
Based on reported figures, the P/E ratio is the most commonly misapplied metric for StoneCo, as it fails to account for the massive volatility in non-operating financial expenses and the cyclical nature of the company's prepayment-driven revenue model in the Brazilian market.
Using P/E to value StoneCo obscures the underlying cash burn and the impact of credit loss provisions that are often buried in the income statement. Analysts should instead focus on adjusted free cash flow and take-rate stability to better gauge the true earning power of the merchant ecosystem.
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Quick answers to the most common questions about buying STNE stock.
StoneCo Ltd.'s current P/E ratio is 6.8x. The historical average is 12.9x. This places it at the 40th percentile of its historical range.
StoneCo Ltd.'s current EV/EBITDA is 3.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 6.1x.
StoneCo Ltd.'s return on equity (ROE) is 19.6%. The historical average is 1.1%.
Based on historical data, StoneCo Ltd. is trading at a P/E of 6.8x. This is at the 40th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
StoneCo Ltd. has 76.2% gross margin and 51.4% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
StoneCo Ltd.'s Debt/EBITDA ratio is 2.1x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.