Latest Ratios: P/E Ratio -10.6x · EV/EBITDA N/A · ROE N/A. (2019–2025 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 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $339M | $350M | $714M | $1.5B | $2.0B | $2.9B | — | — |
| Enterprise Value | $719M | $731M | $1.0B | $1.7B | $2.3B | $2.7B | — | — |
| P/E Ratio → | -10.62 | — | — | 30.22 | 32.20 | 1511.52 | — | — |
| P/S Ratio | 0.76 | 0.78 | 1.51 | 2.28 | 2.20 | 3.98 | — | — |
| P/B Ratio | — | — | 53.15 | 175.78 | 69.65 | 12.55 | — | — |
| P/FCF | 34.31 | 35.47 | 15.93 | 14.38 | 16.86 | 22.54 | — | — |
| P/OCF | 30.94 | 31.98 | 15.61 | 14.25 | 15.48 | 20.46 | — | — |
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 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.63 | 2.21 | 2.70 | 2.57 | 3.67 | — | — |
| EV / EBITDA | — | — | 77.33 | 19.14 | 21.55 | 2538.79 | — | — |
| EV / EBIT | — | — | 45.37 | 17.44 | 22.67 | — | — | — |
| EV / FCF | — | 73.97 | 23.39 | 17.04 | 19.67 | 20.79 | — | — |
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 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 89.2% | 89.2% | 89.4% | 90.0% | 90.5% | 89.3% | 87.0% | 87.2% |
| Operating Margin | -4.3% | -4.3% | 0.3% | 12.3% | 10.7% | -1.1% | 15.4% | -1.5% |
| Net Profit Margin | -7.3% | -7.3% | -2.7% | 7.6% | 6.8% | 0.5% | 20.6% | -1.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | — | — | -118.0% | 265.5% | 46.7% | 3.9% | — | — |
| ROA | -5.3% | -5.3% | -1.9% | 7.1% | 11.0% | 1.2% | 52.2% | -5.4% |
| ROIC | -4.5% | -4.5% | 0.3% | 18.6% | 39.8% | -111.7% | — | — |
| ROCE | -3.6% | -3.6% | 0.2% | 13.7% | 23.1% | -4.2% | 70.7% | -15.2% |
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 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | 41.16 | 66.43 | 19.57 | 0.11 | — | — |
| Debt / EBITDA | — | — | 40.78 | 6.10 | 5.19 | 23.61 | 0.65 | 14.07 |
| Net Debt / Equity | — | — | 24.89 | 32.60 | 11.62 | -0.98 | — | — |
| Net Debt / EBITDA | — | — | 24.67 | 2.99 | 3.08 | -214.13 | -0.78 | 0.54 |
| Debt / FCF | — | 38.50 | 7.46 | 2.67 | 2.81 | -1.75 | -0.77 | — |
| Interest Coverage | -0.03 | -0.03 | 0.78 | 3.40 | 3.60 | -9.13 | 63.04 | -9.02 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 6.33 | 6.33 | 6.66 | 6.63 | 4.88 | 2.17 | 2.03 | 0.93 |
| Quick Ratio | 6.33 | 6.33 | 6.66 | 6.63 | 4.84 | 2.17 | 2.03 | 0.93 |
| Cash Ratio | 5.77 | 5.77 | 6.20 | 6.13 | 4.40 | 1.78 | 1.60 | 0.47 |
| Asset Turnover | — | 0.79 | 0.71 | 0.98 | 1.27 | 1.86 | 1.97 | 3.65 |
| Inventory Turnover | — | — | — | — | 17.72 | — | — | — |
| Days Sales Outstanding | — | 20.87 | 18.06 | 15.40 | 17.92 | 20.52 | 18.36 | 21.73 |
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 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | 3.3% | 3.1% | 0.1% | — | — |
| FCF Yield | 2.9% | 2.8% | 6.3% | 7.0% | 5.9% | 4.4% | — | — |
| Buyback Yield | 30.1% | 29.1% | 5.7% | 10.0% | 17.0% | 0.1% | — | — |
| Total Shareholder Yield | 30.1% | 29.1% | 5.7% | 10.0% | 17.0% | 0.1% | — | — |
| Shares Outstanding | — | $90M | $99M | $106M | $121M | $118M | $109M | $109M |
Cyclical SMB Hiring Sensitivity
As reported in recent financial statements, ZipRecruiter trades at a P/S ratio of 0.76, which appears to reflect the market's skepticism regarding the company's ability to return to growth, especially when compared to the higher multiples historically commanded by more diversified human capital management firms.
The negative TTM P/E of -10.65 highlights the lack of GAAP profitability, forcing investors to rely on forward EV/EBITDA projections of 20.02. This valuation suggests that the market is pricing the firm as a distressed asset rather than a growth-oriented technology platform, warranting caution given the persistent revenue contraction.
Based on the provided quarterly data, ROIC has trended into negative territory, reaching -0.4% in 2026Q1, which indicates that the company is currently failing to generate returns on invested capital that exceed its cost of capital, a significant reversal from the 3.4% peak observed in 2023Q4.
The consistent decline in ROIC suggests that the company's aggressive marketing spend is not yielding the expected incremental returns. Investors should monitor whether this trend is structural or merely a byproduct of the current cyclical downturn in SMB hiring activity.
According to historical financial data, asset turnover has remained stagnant at approximately 0.19, suggesting that the company's ability to generate revenue from its asset base is limited and has not improved despite significant investments in its proprietary AI matching algorithm and platform infrastructure.
The lack of improvement in asset turnover implies that the business model is not scaling efficiently as it grows. The stability of the DSO around 20 days suggests that while collections are prompt, the underlying volume of business is insufficient to drive meaningful operational leverage.
As evidenced by the latest quarterly filings, the company's interest coverage ratio has turned negative at -0.21, which indicates that the firm's ability to service its debt obligations from operating income is currently compromised, posing a potential risk to its long-term financial stability.
The absence of a clear path to positive interest coverage suggests that the company may face refinancing challenges if the current negative operating margin persists. The reliance on debt in a contracting revenue environment warrants close scrutiny of future covenant compliance.
The most commonly misapplied metric for ZipRecruiter is top-line revenue growth, which obscures the underlying cohort churn and the high cost of customer acquisition required to maintain the platform's marketplace liquidity in a highly competitive and cyclical small-to-medium business hiring environment.
Investors should instead focus on LTV/CAC ratios and net revenue retention, as simple revenue growth figures fail to account for the high churn inherent in the SMB segment. Relying on revenue growth alone risks overestimating the company's long-term earning power and its ability to achieve sustainable profitability.
Includes 30+ ratios · 7 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 ZIP stock.
ZipRecruiter, Inc.'s current P/E ratio is -10.6x. The historical average is 31.2x.
Based on historical data, ZipRecruiter, Inc. is trading at a P/E of -10.6x. Compare with industry peers and growth rates for a complete picture.
ZipRecruiter, Inc. has 89.2% gross margin and -4.3% operating margin.