Latest Ratios: P/E Ratio 4.6x · EV/EBITDA 2.7x · ROE 18.6%. (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 | $454M | $1.1B | $1.6B | $1.3B | $1.7B | $5.3B | — | — | — |
| Enterprise Value | $540M | $1.2B | $1.7B | $1.4B | $1.9B | $5.4B | — | — | — |
| P/E Ratio → | 4.57 | 10.72 | 33.88 | 27.23 | 43.33 | — | — | — | — |
| P/S Ratio | 0.38 | 0.92 | 1.57 | 1.36 | 1.81 | 6.91 | — | — | — |
| P/B Ratio | 0.78 | 1.82 | 3.15 | 2.85 | 3.81 | 13.87 | — | — | — |
| P/FCF | 6.16 | 14.84 | 15.67 | 11.16 | 16.78 | — | — | — | — |
| P/OCF | 3.31 | 7.97 | 11.26 | 8.75 | 11.79 | — | — | — | — |
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 | — | 1.00 | 1.69 | 1.56 | 1.99 | 7.14 | — | — | — |
| EV / EBITDA | 2.67 | 5.83 | 10.99 | 9.26 | 13.49 | — | — | — | — |
| EV / EBIT | 3.82 | 7.61 | 15.56 | 14.91 | 20.20 | — | — | — | — |
| EV / FCF | — | 16.01 | 16.80 | 12.80 | 18.50 | — | — | — | — |
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 | 32.6% | 32.6% | 41.3% | 41.7% | 43.4% | 43.2% | 43.4% | 45.8% | 49.7% |
| Operating Margin | 11.9% | 11.9% | 9.3% | 10.3% | 8.7% | -7.1% | 10.5% | 10.2% | 15.8% |
| Net Profit Margin | 8.6% | 8.6% | 4.6% | 4.9% | 4.2% | -7.7% | 7.2% | 9.4% | 12.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | 18.6% | 18.6% | 9.8% | 10.2% | 9.7% | -16.4% | 10.9% | 9.7% | 8.1% |
| ROA | 10.2% | 10.2% | 5.0% | 5.2% | 4.9% | -8.1% | 5.2% | 5.7% | 5.5% |
| ROIC | 16.3% | 16.3% | 11.2% | 11.3% | 10.6% | -7.9% | 8.0% | 6.0% | 6.6% |
| ROCE | 16.7% | 16.7% | 11.8% | 12.2% | 11.9% | -9.0% | 8.7% | 6.6% | 7.3% |
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 | 0.50 | 0.50 | 0.61 | 0.71 | 0.68 | 0.63 | 0.73 | 0.70 | 0.21 |
| Debt / EBITDA | 1.47 | 1.47 | 2.00 | 2.00 | 2.20 | — | 2.74 | 2.88 | 1.46 |
| Net Debt / Equity | — | 0.14 | 0.23 | 0.42 | 0.39 | 0.46 | 0.41 | 0.57 | 0.15 |
| Net Debt / EBITDA | 0.43 | 0.43 | 0.74 | 1.19 | 1.25 | — | 1.53 | 2.36 | 1.01 |
| Debt / FCF | — | 1.17 | 1.13 | 1.65 | 1.72 | — | 4.57 | 7.15 | — |
| Interest Coverage | 8.43 | 8.43 | 5.00 | 4.45 | 7.94 | -7.27 | 6.94 | 4.18 | — |
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 | 3.12 | 3.12 | 2.86 | 3.23 | 3.11 | 1.81 | 1.84 | 2.31 | 2.20 |
| Quick Ratio | 3.12 | 3.12 | 2.86 | 3.23 | 2.93 | 1.81 | 1.84 | 2.09 | 2.20 |
| Cash Ratio | 1.30 | 1.30 | 1.26 | 1.24 | 1.22 | 0.47 | 0.94 | 0.80 | 0.74 |
| Asset Turnover | — | 1.13 | 1.04 | 1.07 | 1.06 | 1.01 | 0.68 | 0.59 | 0.43 |
| Inventory Turnover | — | — | — | — | 28.62 | — | — | 19.08 | — |
| Days Sales Outstanding | — | 78.35 | 73.33 | 70.61 | 68.99 | 80.30 | 68.33 | 60.69 | 64.61 |
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 | — | — | — | — | — | 1.0% | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | 397.8% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 21.9% | 9.3% | 3.0% | 3.7% | 2.3% | — | — | — | — |
| FCF Yield | 16.2% | 6.7% | 6.4% | 9.0% | 6.0% | — | — | — | — |
| Buyback Yield | 6.1% | 2.5% | 1.2% | 8.9% | 1.8% | 0.0% | — | — | — |
| Total Shareholder Yield | 6.1% | 2.5% | 1.2% | 8.9% | 1.8% | 1.0% | — | — | — |
| Shares Outstanding | — | $93M | $92M | $96M | $103M | $97M | $97M | $97M | $105M |
High Client Concentration Risk
According to current market data, TASK trades at a TTM P/E of 4.30 and a forward P/E of 3.55, suggesting that investors are pricing in significant long-term earnings contraction rather than the growth profile typically associated with tech-enabled service providers in the current market environment.
The valuation multiples appear to reflect a market skepticism regarding the sustainability of the company's niche in AI services and trust and safety. When compared to peers like ExlService, the deep discount suggests that the market may be discounting the company's high client concentration and recent margin volatility as structural rather than temporary.
Based on reported financial statements, TaskUs has seen its ROIC decline from 4.3% in 2025Q4 to 3.8% in 2026Q1, indicating that the company is struggling to generate adequate returns on its invested capital as it navigates a more challenging competitive landscape and rising operational costs.
The downward trend in ROIC suggests that the company's investments in infrastructure and human capital are not yielding the expected incremental returns. This decay warrants further investigation into whether the current business model is becoming increasingly capital-intensive without a commensurate increase in pricing power or operational efficiency.
As reported in recent filings, TaskUs maintains a DSO of 74 days in 2026Q1, which represents a persistent drag on liquidity and suggests that the company lacks the leverage to accelerate collections from its concentrated base of large-scale technology clients compared to historical performance.
The inability to compress the cash conversion cycle indicates that the company remains at the mercy of its clients' payment terms, which may be tightening as those clients prioritize their own cash preservation. This inefficiency limits the company's internal funding capacity and increases reliance on external debt to manage working capital requirements.
According to the latest quarterly balance sheet, the debt-to-equity ratio has surged to 1.99 in 2026Q1 from 0.50 in 2025Q4, signaling a rapid shift toward a more leveraged capital structure that may constrain future strategic flexibility and increase interest expense sensitivity.
The sharp increase in leverage, coupled with a declining interest coverage ratio of 6.48, suggests that the company's debt service capacity is becoming less comfortable. Investors should monitor whether this debt accumulation is being used to fund sustainable growth or if it is merely a byproduct of aggressive capital returns that have eroded the equity base.
The most commonly misapplied metric for TaskUs is the GAAP P/E ratio, which fails to account for the significant impact of stock-based compensation and non-recurring items that frequently distort the company's true operational cash-generating capacity in the eyes of many retail investors.
Analysts should instead focus on free cash flow margins and adjusted EBITDA, which provide a clearer view of the company's ability to fund operations and capital expenditures. Relying on GAAP earnings in this context obscures the underlying cash burn and the potential for margin compression that is not immediately visible in the net income line.
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Quick answers to the most common questions about buying TASK stock.
TaskUs, Inc.'s current P/E ratio is 4.6x. The historical average is 28.8x.
TaskUs, Inc.'s current EV/EBITDA is 2.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.9x.
TaskUs, Inc.'s return on equity (ROE) is 18.6%. The historical average is 7.6%.
Based on historical data, TaskUs, Inc. is trading at a P/E of 4.6x. Compare with industry peers and growth rates for a complete picture.
TaskUs, Inc. has 32.6% gross margin and 11.9% operating margin. Operating margin between 10-20% is typical for established companies.
TaskUs, Inc.'s Debt/EBITDA ratio is 1.5x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.