Accelerant Holdings (ARX) Financial Ratios
5 years of historical data (2021–2025) · Financial Services · Insurance - Brokers
EV/EBITDA
N/A
—
5yr avg: N/A
P/FCF
7.02
-9% vs avg
5yr avg: 7.71
30Y Low7.7·High7.7
P/B Ratio
3.40
↓-21% vs avg
5yr avg: 4.28
30Y Low4.3·High4.3
ROE
↓
-234.8%
↑-318% vs avg
5yr avg: -56.2%
30Y Low-235%·High8%
Debt/EBITDA
N/A
—
5yr avg: 2.07
30Y Low2.1·High2.1
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
ARX Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Accelerant Holdings currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 7.0x P/FCF, 9% below the 5-year average of 7.7x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Market Cap | $2.8B | $3.1B | — | — | — | — |
| Enterprise Value | $1.2B | $1.4B | — | — | — | — |
| P/E Ratio → | -1.73 | — | — | — | — | — |
| P/S Ratio | 3.22 | 3.54 | — | — | — | — |
| P/B Ratio | 3.40 | 4.28 | — | — | — | — |
| P/FCF | 7.02 | 7.71 | — | — | — | — |
| P/OCF | 6.37 | 6.99 | — | — | — | — |
P/E links to full P/E history page with 30-year chart
ARX 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 |
|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.63 | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — |
| EV / FCF | — | 3.55 | — | — | — | — |
ARX Profitability
Margins and return-on-capital ratios measuring operating efficiency
Accelerant Holdings earns an operating margin of -150.3%, below the Financial Services sector average of 20.3%. Operating margins have compressed from -13.3% to -150.3% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -234.8% 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 |
|---|---|---|---|---|---|---|
| Gross Margin | 67.7% | 67.7% | 58.4% | 60.5% | 36.9% | 61.5% |
| Operating Margin | -150.3% | -150.3% | 5.4% | -13.3% | -39.6% | -19.4% |
| Net Profit Margin | -154.0% | -154.0% | 4.6% | -14.8% | -43.0% | -20.8% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| ROE | -234.8% | -234.8% | 7.6% | -15.3% | -30.3% | -8.4% |
| ROA | -18.9% | -18.9% | 0.6% | -1.6% | -5.5% | -1.9% |
| ROIC | — | — | — | — | -1505.4% | -365.9% |
| ROCE | -40.0% | -40.0% | 0.7% | -1.6% | -5.5% | -1.9% |
ARX Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
The company holds a net cash position — cash of $1.8B exceeds total debt of $121M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Debt / Equity | 0.17 | 0.17 | 0.28 | 0.42 | 0.29 | 0.19 |
| Debt / EBITDA | — | — | 2.07 | — | — | — |
| Net Debt / Equity | — | -2.31 | -2.59 | -2.28 | -0.99 | -0.98 |
| Net Debt / EBITDA | — | — | -18.84 | — | — | — |
| Debt / FCF | — | -4.16 | -1.47 | -2.55 | -8.86 | -2.57 |
| Interest Coverage | -18.16 | -18.16 | 1.99 | -1.91 | -19.07 | -5.90 |
Net cash position: cash ($1.8B) exceeds total debt ($121M)
ARX Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.08x means Accelerant Holdings can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 32.48x to 1.08x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Current Ratio | 1.08 | 1.08 | 9.69 | 32.48 | 8.89 | 11.28 |
| Quick Ratio | 1.08 | 1.08 | 9.69 | 32.48 | 8.89 | 11.28 |
| Cash Ratio | 0.35 | 0.35 | 2.38 | 7.75 | 2.24 | 3.93 |
| Asset Turnover | — | 0.11 | 0.10 | 0.09 | 0.10 | 0.09 |
| Inventory Turnover | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — |
ARX Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Accelerant Holdings returns 6.2% to shareholders annually primarily through share buybacks.
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 |
|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — |
| FCF Yield | 14.2% | 13.0% | — | — | — | — |
| Buyback Yield | 6.2% | 5.6% | — | — | — | — |
| Total Shareholder Yield | 6.2% | 5.6% | — | — | — | — |
| Shares Outstanding | — | $190M | $217M | $217M | $166M | $217M |
Peer Comparison
Compare ARX 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 |
|---|---|---|---|---|---|---|---|---|---|
 ARXYou | $3B | -1.7 | — | 7.0 | 67.7% | -150.3% | -234.8% | — | — |
 KNSL | $7B | 14.3 | 11.3 | 7.2 | 52.5% | 33.8% | 29.3% | 26.6% | 0.4 |
 RYAN | $5B | 74.4 | 8.7 | 7.9 | 90.6% | 20.5% | 5.4% | 10.8% | 3.9 |
 ACGL | $32B | 7.8 | 6.6 | 5.3 | 37.2% | 25.0% | 19.5% | 15.4% | 0.5 |
 RNR | $13B | 5.3 | 3.4 | 3.5 | 40.7% | 31.5% | 14.6% | 16.0% | 0.6 |
 HCI | $2B | 6.6 | 2.2 | 4.8 | 73.2% | 47.7% | 37.8% | 675.0% | 0.2 |
 HRTG | $706M | 3.7 | 0.9 | 4.1 | 63.0% | 30.6% | 49.1% | 1539.6% | 0.4 |
 NODK | $326M | -31.8 | — | 182.4 | 29.6% | -4.3% | -4.3% | -4.8% | — |
 PLMR | $3B | 15.6 | 10.9 | 7.4 | 73.9% | 28.9% | 23.6% | 25.5% | 0.0 |
 SKWD | $2B | 12.4 | 10.0 | 5.6 | 44.0% | 15.3% | 18.9% | 18.5% | 0.5 |
 MMC | $85B | 21.3 | 16.0 | 21.4 | 42.8% | 23.8% | 31.3% | 15.2% | 3.3 |
| Financial Services Median | — | 13.6 | 11.4 | 11.1 | 64.1% | 20.3% | 9.0% | 5.5% | 4.3 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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ARX — Frequently Asked Questions
Quick answers to the most common questions about buying ARX stock.
What is Accelerant Holdings's P/E ratio?
Accelerant Holdings's current P/E ratio is -1.7x. This places it at the 50th percentile of its historical range.
What is Accelerant Holdings's ROE?
Accelerant Holdings's return on equity (ROE) is -234.8%. The historical average is -56.2%.
Is ARX stock overvalued?
Based on historical data, Accelerant Holdings is trading at a P/E of -1.7x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Accelerant Holdings's profit margins?
Accelerant Holdings has 67.7% gross margin and -150.3% operating margin.