Latest Ratios: P/E Ratio -0.1x · EV/EBITDA N/A · ROE -316.5%. (2020–2025 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 |
|---|---|---|---|---|---|---|---|
| Market Cap | $80M | $64M | — | — | — | — | — |
| Enterprise Value | $596M | $580M | — | — | — | — | — |
| P/E Ratio → | -0.14 | — | — | — | — | — | — |
| P/S Ratio | 0.06 | 0.05 | — | — | — | — | — |
| P/B Ratio | 0.78 | 0.67 | — | — | — | — | — |
| P/FCF | — | — | — | — | — | — | — |
| P/OCF | 10.48 | 8.41 | — | — | — | — | — |
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 |
|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.45 | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — |
| 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 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 33.0% | 33.0% | 21.6% | 19.7% | 19.4% | 23.7% | 21.5% |
| Operating Margin | -1.2% | -1.2% | -1.4% | -0.9% | -1.4% | 3.4% | 1.3% |
| Net Profit Margin | -39.8% | -39.8% | -0.1% | 1.1% | -2.5% | 1.1% | 0.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| ROE | -316.5% | -316.5% | -0.3% | 4.6% | -10.4% | 6.5% | 5.3% |
| ROA | -55.1% | -55.1% | -0.1% | 1.4% | -3.1% | 1.9% | 1.2% |
| ROIC | -3.1% | -3.1% | -4.3% | -2.0% | -5.1% | 155.7% | — |
| ROCE | -2.9% | -2.9% | -4.0% | -2.0% | -2.7% | 11.4% | 10.2% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Debt / Equity | 6.75 | 6.75 | 0.07 | 0.59 | 1.14 | 0.93 | 0.05 |
| Debt / EBITDA | — | — | 2.31 | 10.85 | 18.52 | 4.43 | 0.13 |
| Net Debt / Equity | — | 5.41 | -0.32 | 0.27 | 0.65 | -0.84 | -1.09 |
| Net Debt / EBITDA | — | — | -10.71 | 4.97 | 10.63 | -4.00 | -3.13 |
| Debt / FCF | — | — | -1.43 | — | — | -5.89 | -1.74 |
| Interest Coverage | -0.21 | -0.21 | 1.47 | 4.03 | -1.44 | -1.06 | 10.19 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 1.10 | 1.10 | 1.19 | 1.35 | 1.67 | 2.34 | 1.08 |
| Quick Ratio | 1.10 | 1.10 | 1.19 | 1.35 | 1.67 | 2.34 | 1.08 |
| Cash Ratio | 0.29 | 0.29 | 0.57 | 0.56 | 0.91 | 1.58 | 0.36 |
| Asset Turnover | — | 0.98 | 1.62 | 1.41 | 1.27 | 1.28 | 2.15 |
| Inventory Turnover | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 96.09 | 61.18 | 73.85 | 66.69 | 69.29 | 78.72 |
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 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | — | — | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | — | — | — | — | — |
| Shares Outstanding | — | $91M | $53M | $57M | $56M | $54M | $54M |
Integration and solvency risk
Based on reported figures, the company's P/S ratio of 0.08 and negative P/E suggest that the market is heavily discounting the firm's equity, likely reflecting deep skepticism regarding the post-merger integration and the sustainability of its current business model compared to higher-multiple peers like The Trade Desk.
The lack of meaningful P/E or EV/EBITDA multiples indicates that the market is currently unable to price the company based on earnings, as the recent reorganization has rendered historical profitability metrics largely irrelevant. Investors should interpret these depressed valuation multiples as a signal that the market requires proof of operational stabilization before assigning a premium to the combined entity's full-funnel strategy.
As reported in recent financial statements, the ROIC has plummeted to -2.5% in 2026Q1, a sharp reversal from the positive 1.1% observed in 2025Q4, which suggests that the capital deployed for the merger is currently failing to generate adequate returns for shareholders.
The rapid decay in return on invested capital highlights the difficulty of integrating disparate ad-tech platforms while maintaining operational efficiency. This trend warrants further investigation into whether the current negative returns are a temporary byproduct of restructuring or a structural issue stemming from the high cost of maintaining premium publisher relationships.
According to quarterly filings, the DSO has expanded to 105 days in 2026Q1 from 85 days in 2025Q4, indicating that the company is experiencing increased friction in collecting receivables, which may signal weakening leverage over its customer base in the current competitive environment.
The lengthening of the cash conversion cycle suggests that the company is effectively financing its clients' operations, which places additional strain on its already limited liquidity. This trend appears to be a significant headwind, as the company's inability to accelerate cash inflows complicates its efforts to manage the high variable costs associated with traffic acquisition.
Based on the company's reported figures, the debt-to-equity ratio has surged to 12.82 as of 2026Q1, a dramatic increase from 0.07 in 2024Q4, which suggests that the firm has become highly leveraged to fund its ongoing integration and operational requirements.
This extreme level of leverage significantly limits the company's financial flexibility and increases its sensitivity to interest rate fluctuations. Investors should monitor the interest coverage ratio, which has turned negative, as it suggests that the company may struggle to service its debt obligations without further capital injections or a rapid improvement in operating cash flow.
As evidenced by industry standards, the most commonly misapplied ratio for this business model is the headline P/S multiple, which fails to account for the significant portion of revenue that is passed through to publishers as traffic acquisition costs.
Analysts should instead focus on Revenue ex-TAC to gain a clearer understanding of the company's actual economic value-add and margin profile. Relying on gross revenue figures obscures the true scale of the business and can lead to an overestimation of the company's pricing power and operational efficiency in a highly competitive ad-tech landscape.
Includes 30+ ratios · 6 years · Updated daily
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying TEAD stock.
Teads Holding Co.'s current P/E ratio is -0.1x. This places it at the 50th percentile of its historical range.
Teads Holding Co.'s return on equity (ROE) is -316.5%. The historical average is -51.8%.
Based on historical data, Teads Holding Co. is trading at a P/E of -0.1x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Teads Holding Co. has 33.0% gross margin and -1.2% operating margin.