Airgain, Inc. (AIRG) Financial Ratios
14 years of historical data (2012–2025) · Technology · Communication Equipment
EV/EBITDA
N/A
—
5yr avg: N/A
30Y Low5.9·High62.1
P/FCF
N/A
—
5yr avg: 18.01
30Y Low15.3·High93.5
P/B Ratio
↓
3.03
↑+60% vs avg
5yr avg: 1.89
30Y Low1.2·High3.6
ROE
↑
-21.7%
↓+15% vs avg
5yr avg: -25.4%
30Y Low-35%·High337%
Debt/EBITDA
N/A
—
5yr avg: N/A
30Y Low0.1·High35.1
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
AIRG Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Airgain, Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $89M | $48M | $78M | $37M | $66M | $107M | $173M | $108M | $94M | $93M | $67M |
| Enterprise Value | $90M | $49M | $73M | $31M | $57M | $95M | $135M | $95M | $81M | $80M | $25M |
| P/E Ratio → | -13.43 | — | — | — | — | — | — | 116.58 | — | 81.73 | 36.00 |
| P/S Ratio | 1.71 | 0.93 | 1.29 | 0.66 | 0.87 | 1.66 | 3.56 | 1.94 | 1.56 | 1.88 | 1.55 |
| P/B Ratio | 3.03 | 1.70 | 2.52 | 1.18 | 1.67 | 2.41 | 3.62 | 2.25 | 2.09 | 2.02 | 1.49 |
| P/FCF | — | — | — | — | 18.01 | — | 58.02 | 93.53 | 244.03 | — | 15.30 |
| P/OCF | — | — | — | — | 14.92 | — | 46.63 | 45.93 | 68.54 | — | 14.39 |
P/E links to full P/E history page with 30-year chart
AIRG EV Ratios
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 | — | 0.95 | 1.21 | 0.55 | 0.75 | 1.48 | 2.78 | 1.70 | 1.34 | 1.61 | 0.58 |
| EV / EBITDA | — | — | — | — | — | — | — | 62.07 | — | 40.20 | 5.86 |
| EV / EBIT | — | — | — | — | — | — | — | 249.57 | — | 63.10 | 7.33 |
| EV / FCF | — | — | — | — | 15.42 | — | 45.30 | 82.18 | 209.56 | — | 5.76 |
AIRG Profitability
Margins and return-on-capital ratios measuring operating efficiency
Airgain, Inc. earns an operating margin of -16.4%. Operating margins have expanded from -22.1% to -16.4% over the past 3 years, signaling improving operational efficiency. A negative ROE of -21.7% indicates the company is currently destroying shareholder equity.
Margins
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 | 43.5% | 43.5% | 40.9% | 37.1% | 36.9% | 38.3% | 46.6% | 45.4% | 43.7% | 47.1% | 44.4% |
| Operating Margin | -16.4% | -16.4% | -14.7% | -22.1% | -11.3% | -18.9% | -6.6% | 0.7% | -5.6% | 2.0% | 7.9% |
| Net Profit Margin | -12.4% | -12.4% | -14.3% | -22.2% | -11.4% | -15.7% | -6.8% | 1.7% | -4.3% | 2.3% | 8.6% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -21.7% | -21.7% | -27.9% | -34.9% | -20.6% | -21.9% | -6.9% | 2.0% | -5.7% | 2.5% | 15.3% |
| ROA | -13.7% | -13.7% | -18.7% | -24.3% | -13.6% | -16.1% | -6.0% | 1.7% | -4.7% | 2.0% | 10.5% |
| ROIC | -22.8% | -22.8% | -26.1% | -33.6% | -20.4% | -42.7% | -10.7% | 0.9% | -7.8% | 4.0% | 80.0% |
| ROCE | -25.2% | -25.2% | -25.7% | -31.3% | -18.1% | -24.7% | -6.6% | 0.8% | -7.4% | 2.1% | 12.7% |
AIRG Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Net debt stands at $1M ($9M total debt minus $7M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.30 | 0.30 | 0.13 | 0.05 | 0.06 | 0.07 | 0.01 | 0.00 | 0.01 | 0.04 | 0.07 |
| Debt / EBITDA | — | — | — | — | — | — | — | 0.06 | — | 0.88 | 0.75 |
| Net Debt / Equity | — | 0.04 | -0.15 | -0.20 | -0.24 | -0.26 | -0.79 | -0.27 | -0.30 | -0.29 | -0.93 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | -8.57 | — | -6.68 | -9.70 |
| Debt / FCF | — | — | — | — | -2.59 | — | -12.72 | -11.35 | -34.47 | — | -9.54 |
| Interest Coverage | — | — | — | — | — | — | — | 76.00 | -79.13 | 12.82 | 19.35 |
AIRG Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.98x means Airgain, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 1.91x to 1.98x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.98 | 1.98 | 1.91 | 1.91 | 2.10 | 1.78 | 6.63 | 6.67 | 5.74 | 4.74 | 5.50 |
| Quick Ratio | 1.71 | 1.71 | 1.62 | 1.67 | 1.78 | 1.33 | 6.48 | 6.50 | 5.56 | 4.66 | 5.48 |
| Cash Ratio | 0.57 | 0.57 | 0.63 | 0.79 | 0.93 | 0.73 | 5.57 | 5.16 | 4.50 | 3.73 | 4.89 |
| Asset Turnover | — | 1.14 | 1.25 | 1.26 | 1.32 | 0.92 | 0.88 | 1.02 | 1.15 | 0.88 | 0.77 |
| Inventory Turnover | 8.17 | 8.17 | 9.06 | 14.68 | 11.34 | 4.43 | 25.51 | 25.49 | 25.25 | 35.36 | 164.54 |
| Days Sales Outstanding | — | 90.05 | 70.30 | 48.03 | 42.04 | 61.09 | 35.99 | 50.13 | 42.22 | 62.05 | 43.32 |
AIRG Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Airgain, Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business.
Dividends
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 | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | 0.9% | — | 1.2% | 2.8% |
| FCF Yield | — | — | — | — | 5.6% | — | 1.7% | 1.1% | 0.4% | — | 6.5% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% | 0.4% | 1.1% | 2.3% | 1.3% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% | 0.4% | 1.1% | 2.3% | 1.3% | 0.0% |
| Shares Outstanding | — | $12M | $11M | $10M | $10M | $10M | $10M | $10M | $10M | $10M | $5M |
Peer Comparison
Compare AIRG with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 AIRGYou | $89M | -13.4 | — | — | 43.5% | -16.4% | -21.7% | -22.8% | — |
 TAOP | $1M | -0.2 | — | — | 10.9% | -29.0% | -56.8% | -27.1% | — |
 GILT | $1B | 55.4 | 27.8 | 150.1 | 29.5% | 4.5% | 5.2% | 5.7% | 0.3 |
 SPOK | $225M | 14.4 | 8.9 | 8.9 | 78.8% | 14.1% | 10.5% | 11.3% | 0.3 |
 SWKS | $10B | 21.1 | 10.2 | 8.8 | 41.2% | 12.2% | 7.9% | 6.3% | 1.2 |
 QRVO | $8B | 24.6 | 20.8 | 12.1 | 45.9% | 11.2% | 10.1% | 8.1% | 3.8 |
 SMTC | $11B | -53.8 | 104.6 | 256.1 | 50.1% | 6.8% | -137.7% | 4.9% | 5.0 |
 CODA | $134M | 32.2 | 17.9 | 22.2 | 66.5% | 17.1% | 7.4% | 11.2% | 0.1 |
 CSCO | $365B | 36.1 | 26.3 | 27.5 | 64.9% | 20.8% | 22.1% | 13.0% | 2.0 |
 NTGR | $708M | -22.7 | — | — | 36.2% | -5.1% | -6.3% | -8.4% | — |
 CALX | $3B | 167.4 | 69.6 | 24.3 | 56.8% | 2.1% | 2.2% | 2.1% | 0.7 |
| Technology Median | — | 27.7 | 17.5 | 19.2 | 48.5% | -0.6% | 2.4% | 2.9% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 14 years · Updated daily
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Start ComparisonAIRG — Frequently Asked Questions
Quick answers to the most common questions about buying AIRG stock.
What is Airgain, Inc.'s P/E ratio?
Airgain, Inc.'s current P/E ratio is -13.4x. The historical average is 78.1x.
What is Airgain, Inc.'s ROE?
Airgain, Inc.'s return on equity (ROE) is -21.7%. The historical average is 17.5%.
Is AIRG stock overvalued?
Based on historical data, Airgain, Inc. is trading at a P/E of -13.4x. Compare with industry peers and growth rates for a complete picture.
What are Airgain, Inc.'s profit margins?
Airgain, Inc. has 43.5% gross margin and -16.4% operating margin.