Latest Ratios: P/E Ratio -41.5x · EV/EBITDA 9.1x · ROE -0.2%. (2012–2025 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 | $1.2B | $939M | — | — | — | — | — | — | — | — | — |
| Enterprise Value | $6.4B | $6.2B | — | — | — | — | — | — | — | — | — |
| P/E Ratio → | -41.47 | — | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 0.99 | 0.79 | — | — | — | — | — | — | — | — | — |
| P/B Ratio | 0.11 | 0.09 | — | — | — | — | — | — | — | — | — |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — |
| P/OCF | 1.59 | 1.27 | — | — | — | — | — | — | — | — | — |
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 | — | 5.20 | — | — | — | — | — | — | — | — | — |
| EV / EBITDA | 9.10 | 8.77 | — | — | — | — | — | — | — | — | — |
| EV / EBIT | 110.60 | — | — | — | — | — | — | — | — | — | — |
| 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 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 10.6% | 10.6% | 59.0% | 51.8% | 45.6% | 48.2% | 60.4% | 60.7% | 66.7% | 69.3% | 72.2% |
| Operating Margin | 4.9% | 4.9% | -37.3% | -2.6% | 4.5% | 8.9% | 27.6% | 27.3% | 57.5% | 38.7% | 39.1% |
| Net Profit Margin | -2.4% | -2.4% | -1.9% | 18.6% | 49.2% | 19.0% | -5.5% | -8.3% | 24.9% | -7.6% | 10.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -0.2% | -0.2% | -0.2% | 1.4% | 3.7% | 1.5% | -0.7% | -1.1% | 4.9% | -2.5% | 3.7% |
| ROA | -0.1% | -0.1% | -0.1% | 0.9% | 2.3% | 0.9% | -0.4% | -0.7% | 2.2% | -0.7% | 1.0% |
| ROIC | 0.3% | 0.3% | -1.8% | -0.1% | 0.2% | 0.4% | 1.7% | 1.8% | 4.4% | 3.8% | 4.1% |
| ROCE | 0.3% | 0.3% | -2.3% | -0.1% | 0.2% | 0.4% | 2.1% | 2.3% | 5.3% | 3.9% | 4.1% |
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 | 0.42 | 0.45 | 0.36 | 0.48 | 0.44 | 0.59 | 0.62 | 1.94 | 1.40 |
| Debt / EBITDA | 8.80 | 8.80 | 30.88 | 10.36 | 8.57 | 11.36 | 5.40 | 7.35 | 5.32 | 8.02 | 6.68 |
| Net Debt / Equity | — | 0.48 | 0.39 | 0.43 | 0.34 | 0.46 | 0.43 | 0.57 | 0.59 | 1.87 | 1.34 |
| Net Debt / EBITDA | 7.44 | 7.44 | 28.99 | 9.91 | 8.20 | 11.04 | 5.23 | 7.12 | 5.09 | 7.74 | 6.40 |
| Debt / FCF | — | — | 2.46 | — | — | — | — | — | — | — | — |
| Interest Coverage | -0.09 | -0.09 | -1.69 | 0.35 | 0.01 | — | 0.59 | 0.39 | 2.10 | 2.41 | 3.89 |
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 | 0.91 | 0.91 | 0.79 | 1.33 | 1.40 | 1.12 | 1.18 | 1.44 | 0.40 | 1.44 | 0.45 |
| Quick Ratio | 0.84 | 0.84 | 0.69 | 1.28 | 1.37 | 1.09 | 1.11 | 1.37 | 0.40 | 1.37 | 0.43 |
| Cash Ratio | 0.61 | 0.61 | 0.30 | 0.16 | 0.17 | 0.12 | 0.31 | 0.43 | 0.17 | 0.56 | 0.18 |
| Asset Turnover | — | 0.06 | 0.06 | 0.05 | 0.04 | 0.04 | 0.07 | 0.07 | 0.08 | 0.10 | 0.09 |
| Inventory Turnover | 10.31 | 10.31 | 4.67 | 6.34 | 10.76 | 9.12 | 15.13 | 16.80 | — | 11.81 | 11.94 |
| 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 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 36.0% | 44.8% | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | 370.5% | 133.3% | 451.8% | — | — | 146.4% | — | 821.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 36.0% | 44.8% | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $94M | $94M | $92M | $85M | $77M | $68M | $76M | $75M | $54M | $44M |
Capital Market Access Dependency
As reported in recent financial statements, XIFR's dividend yield of 37.3% appears to be a distress signal rather than a return premium, as the market prices the equity at a significant discount to book value, reflecting deep skepticism regarding the sustainability of current distribution levels.
The extreme dividend yield suggests that the market is pricing in a high probability of a distribution cut, as the yield is disconnected from the underlying earnings power of the asset base. Investors should monitor the forward P/E of 16.31 with caution, as it likely relies on optimistic assumptions that may not materialize given the company's recent history of negative net margins.
Based on the provided financial data, the dividend payout ratio has exhibited extreme volatility, reaching 89.7% in 2025Q4, which indicates that the partnership is struggling to cover its distributions from internally generated cash flow, thereby increasing its reliance on external financing to maintain current payout levels.
The erratic nature of the payout ratio suggests that the dividend is not supported by stable, recurring cash flows, but rather by periodic capital infusions or debt adjustments. This pattern appears unsustainable and may force management to prioritize balance sheet preservation over the current distribution policy in the near term.
According to recent SEC filings, XIFR maintains a debt-to-capital ratio of 0.37, which appears deceptively conservative for an infrastructure vehicle but likely fails to account for the significant project-level debt and off-balance-sheet financing arrangements inherent in its renewable energy partnership structure.
The reported leverage metrics may provide a false sense of security, as they do not fully capture the financial obligations associated with the company's complex tax-equity structures. Analysts should investigate the extent of non-recourse project debt, as this could significantly alter the true risk profile of the partnership's capital structure.
As indicated by the company's financial disclosures, the most commonly misapplied metric for XIFR is the standard P/E ratio, which fails to account for the heavy non-cash depreciation and complex tax-equity accounting that characterize the yieldco business model and obscure true cash-generating capacity.
Using P/E to evaluate XIFR is fundamentally flawed because it ignores the non-cash charges that dominate the income statement, leading to misleading valuation conclusions. Investors should instead focus on Cash Available for Distribution (CAFD), which provides a more accurate reflection of the partnership's ability to service its obligations and sustain its dividend.
Includes 30+ ratios · 14 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 XIFR stock.
XPLR Infrastructure, LP's current P/E ratio is -41.5x. This places it at the 50th percentile of its historical range.
XPLR Infrastructure, LP's current EV/EBITDA is 9.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.8x.
XPLR Infrastructure, LP's return on equity (ROE) is -0.2%. The historical average is 1.2%.
Based on historical data, XPLR Infrastructure, LP is trading at a P/E of -41.5x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
XPLR Infrastructure, LP's current dividend yield is 36.04%.
XPLR Infrastructure, LP has 10.6% gross margin and 4.9% operating margin.
XPLR Infrastructure, LP's Debt/EBITDA ratio is 8.8x, indicating high leverage. A ratio above 4x may signal elevated financial risk.