Latest Ratios: P/E Ratio -4.8x · EV/EBITDA 2.9x · ROE -20.1%. (2015–2025 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 | $2.2B | $1.9B | $1.7B | $1.7B | $1.6B | $801M | $558M | $1.6B | $752M | — | — |
| Enterprise Value | $3.1B | $2.8B | $2.8B | $2.9B | $2.1B | $1.7B | $1.5B | $2.3B | $1.3B | — | — |
| P/E Ratio → | -4.78 | — | — | 9.18 | 4.14 | — | — | 27.92 | 3.39 | — | — |
| P/S Ratio | 1.26 | 1.08 | 0.86 | 1.18 | 0.96 | 0.64 | 0.97 | 1.81 | 0.84 | — | — |
| P/B Ratio | 1.09 | 0.89 | 0.62 | 0.80 | 1.36 | 1.05 | 0.60 | 1.52 | 0.75 | — | — |
| P/FCF | 4.95 | 4.25 | 3.76 | — | 4.09 | 6.79 | — | — | 33.36 | — | — |
| P/OCF | 2.40 | 2.06 | 1.77 | 3.31 | 2.23 | 1.95 | 1.85 | 4.17 | 2.85 | — | — |
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 | — | 1.58 | 1.44 | 1.98 | 1.29 | 1.38 | 2.66 | 2.54 | 1.42 | — | — |
| EV / EBITDA | 2.91 | 2.61 | 2.16 | 3.00 | 1.77 | 2.07 | — | 3.88 | 2.20 | — | — |
| EV / EBIT | — | — | 24.41 | 9.60 | 4.31 | — | — | 19.14 | 3.58 | — | — |
| EV / FCF | — | 6.19 | 6.25 | — | 5.53 | 14.50 | — | — | 56.24 | — | — |
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 | 2.9% | 2.9% | 19.4% | 27.6% | 56.0% | 45.1% | -6.3% | 34.9% | 51.0% | 34.7% | -0.5% |
| Operating Margin | -5.9% | -5.9% | 8.8% | 14.4% | 44.6% | 30.1% | -73.2% | 23.5% | 28.4% | 11.0% | -32.3% |
| Net Profit Margin | -27.9% | -27.9% | -3.9% | 12.8% | 23.1% | -14.7% | -80.8% | 6.5% | 24.9% | -15.3% | -83.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -20.1% | -20.1% | -3.1% | 11.3% | 39.7% | -21.7% | -46.4% | 5.6% | 46.5% | — | -2978.6% |
| ROA | -8.5% | -8.5% | -1.4% | 4.8% | 13.1% | -6.5% | -17.2% | 2.3% | 11.9% | -5.1% | -15.9% |
| ROIC | -2.3% | -2.3% | 3.6% | 6.2% | 32.5% | 15.7% | -17.4% | 9.8% | 17.8% | 5.3% | -7.2% |
| ROCE | -2.0% | -2.0% | 3.6% | 6.3% | 31.9% | 16.5% | -18.3% | 9.9% | 16.8% | 4.7% | -7.1% |
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 | 0.57 | 0.57 | 0.45 | 0.55 | 0.52 | 1.29 | 1.09 | 0.70 | 0.65 | — | 100.37 |
| Debt / EBITDA | 1.15 | 1.15 | 0.94 | 1.25 | 0.50 | 1.18 | — | 1.27 | 1.14 | 3.14 | 3.90 |
| Net Debt / Equity | — | 0.41 | 0.41 | 0.54 | 0.48 | 1.20 | 1.05 | 0.62 | 0.51 | — | 95.75 |
| Net Debt / EBITDA | 0.82 | 0.82 | 0.86 | 1.21 | 0.46 | 1.10 | — | 1.12 | 0.89 | 3.00 | 3.72 |
| Debt / FCF | — | 1.94 | 2.50 | — | 1.44 | 7.72 | — | — | 22.87 | 31.87 | 216.42 |
| Interest Coverage | -2.70 | -2.70 | 0.62 | 1.73 | 3.95 | -0.39 | -3.33 | 1.23 | 3.93 | 0.22 | -1.96 |
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 | 0.91 | 0.73 | 0.61 | 0.57 | 0.55 | 0.79 | 1.10 | 0.45 | 0.81 |
| Quick Ratio | 1.30 | 1.30 | 0.91 | 0.73 | 0.61 | 0.57 | 0.55 | 0.79 | 0.79 | 0.45 | 0.81 |
| Cash Ratio | 0.56 | 0.56 | 0.15 | 0.06 | 0.07 | 0.12 | 0.08 | 0.23 | 0.37 | 0.10 | 0.17 |
| Asset Turnover | — | 0.32 | 0.32 | 0.30 | 0.54 | 0.45 | 0.20 | 0.35 | 0.36 | 0.33 | 0.21 |
| Inventory Turnover | — | — | — | — | — | — | — | — | 3.78 | 319.04 | 229.65 |
| Days Sales Outstanding | — | 66.24 | 74.77 | 69.50 | 46.84 | 64.37 | 110.99 | 52.55 | 62.93 | 79.14 | 95.21 |
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 | — | — | — | 10.9% | 24.2% | — | — | 3.6% | 29.5% | — | — |
| FCF Yield | 20.2% | 23.5% | 26.6% | — | 24.5% | 14.7% | — | — | 3.0% | — | — |
| Buyback Yield | 5.3% | 6.2% | 2.6% | 2.8% | 0.3% | 0.4% | 0.1% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 5.3% | 6.2% | 2.6% | 2.8% | 0.3% | 0.4% | 0.1% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $175M | $176M | $121M | $84M | $82M | $68M | $54M | $46M | $54M | $54M |
Operational leverage and volatility
According to current market data, Talos Energy trades at a P/FCF of 4.90, suggesting that investors are prioritizing immediate cash generation over earnings-based multiples, which remain distorted by negative net income and the company's heavy reliance on non-cash depreciation charges inherent to its deepwater offshore asset base.
The absence of a meaningful P/E ratio, coupled with a forward P/E of 30.59, indicates that the market is struggling to value the company on a traditional earnings basis. Investors appear to be utilizing EV/EBITDA as the primary valuation anchor, which, at 2.88, reflects a deepwater discount compared to onshore peers that benefit from lower operational complexity and more predictable cost structures.
As reported in recent financial statements, Talos Energy's ROIC has trended into negative territory, reaching -1.7% in 2025Q4, which highlights the company's ongoing struggle to generate returns that exceed its cost of capital while navigating the high-cost environment of Gulf of Mexico exploration and production activities.
The decay in return on invested capital suggests that recent acquisitions and infrastructure investments have yet to reach the necessary scale to drive profitability. This trend warrants further investigation into whether the company's infrastructure-led exploration strategy is suffering from diminishing marginal returns on its mature asset base.
Based on the provided figures, Talos Energy's asset turnover ratio has remained consistently low at approximately 0.08 over the last ten quarters, indicating that the company's massive investment in offshore infrastructure is not being utilized with sufficient intensity to drive meaningful revenue growth relative to its capital base.
The lack of improvement in asset turnover suggests that the company's capital-intensive model is structurally limited by the long lead times of deepwater projects. Investors should monitor whether the recent integration of EnVen Energy assets will eventually improve these efficiency metrics or if the company remains trapped in a cycle of high maintenance capital requirements.
According to quarterly filings, Talos Energy's debt-to-EBITDA ratio has shown extreme volatility, spiking to 44.08 in 2025Q2, which underscores the company's vulnerability to commodity price swings and the significant risk posed by its fixed-cost structure in a period of declining production and negative operating margins.
While the absolute debt level has remained relatively stable, the erosion of the equity base has caused the debt-to-equity ratio to climb to 0.66, signaling a tightening of the company's financial cushion. This leverage profile suggests that the firm has limited room for error should commodity prices remain depressed or if decommissioning liabilities require accelerated cash outflows.
The P/E ratio is the most commonly misapplied metric for Talos Energy, as it fails to account for the massive non-cash depreciation and depletion charges that characterize deepwater E&P operations, thereby creating a misleading picture of the company's actual cash-generating capacity and underlying operational health.
Investors should instead focus on EV/EBITDA or Net Asset Value (NAV) to better understand the company's valuation, as these metrics normalize for the capital structure and the non-cash accounting nuances of the energy sector. Relying on P/E in this context obscures the reality that the company is currently valued on its reserve base rather than its accounting earnings.
Includes 30+ ratios · 11 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying TALO stock.
Talos Energy Inc.'s current P/E ratio is -4.8x. The historical average is 11.2x.
Talos Energy Inc.'s current EV/EBITDA is 2.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 2.5x.
Talos Energy Inc.'s return on equity (ROE) is -20.1%. The historical average is 1.5%.
Based on historical data, Talos Energy Inc. is trading at a P/E of -4.8x. Compare with industry peers and growth rates for a complete picture.
Talos Energy Inc. has 2.9% gross margin and -5.9% operating margin.
Talos Energy Inc.'s Debt/EBITDA ratio is 1.2x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.