AST SpaceMobile, Inc. (ASTS) Financial Ratios
8 years of historical data (2018–2025) · Technology · Communication Equipment
EV/EBITDA
N/A
—
5yr avg: N/A
P/FCF
N/A
—
5yr avg: N/A
P/B Ratio
↑
6.15
↑+100% vs avg
5yr avg: 3.08
30Y Low0.7·High9.5
ROE
↓
-18.9%
↓+33% vs avg
5yr avg: -28.1%
30Y Low-68%·High-9%
Debt/EBITDA
N/A
—
5yr avg: N/A
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
ASTS Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
AST SpaceMobile, 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 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $20.7B | $18.6B | $3.3B | $493M | $262M | $411M | $703M | $284M | — |
| Enterprise Value | $18.4B | $16.3B | $2.9B | $481M | $37M | $102M | $667M | $259M | — |
| P/E Ratio → | -52.75 | — | — | — | — | — | — | — | — |
| P/S Ratio | 291.65 | 262.16 | 737.88 | — | 18.98 | 33.11 | 117.73 | 200.68 | — |
| P/B Ratio | 6.15 | 6.32 | 4.87 | 2.31 | 0.73 | 1.17 | 8.78 | 9.54 | — |
| P/FCF | — | — | — | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
ASTS 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 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 229.68 | 649.16 | — | 2.64 | 8.23 | 111.74 | 183.18 | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — | — |
ASTS Profitability
Margins and return-on-capital ratios measuring operating efficiency
AST SpaceMobile, Inc. earns an operating margin of -405.7%. Operating margins have expanded from -5494.8% to -405.7% over the past 3 years, signaling improving operational efficiency. A negative ROE of -18.9% 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 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 53.4% | 53.4% | 100.0% | — | 51.4% | 39.0% | 49.3% | 32.5% | 54.2% |
| Operating Margin | -405.7% | -405.7% | -5494.8% | — | -1054.4% | -675.8% | -393.3% | -770.0% | -1286.2% |
| Net Profit Margin | -482.2% | -482.2% | -6792.3% | — | -228.9% | -246.3% | -403.2% | -769.8% | -1246.6% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | -18.9% | -18.9% | -68.0% | -30.5% | -8.9% | -14.1% | -43.9% | -52.1% | -36.8% |
| ROA | -11.5% | -11.5% | -45.6% | -21.9% | -7.2% | -11.2% | -35.5% | -44.3% | -33.6% |
| ROIC | -47.1% | -47.1% | -76.2% | -99.6% | -123.3% | -143.6% | -71.5% | -164.3% | -69.6% |
| ROCE | -10.0% | -10.0% | -40.7% | -61.3% | -35.0% | -32.9% | -40.4% | -52.1% | -38.0% |
ASTS Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
The company holds a net cash position — cash of $2.3B exceeds total debt of $32M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.01 | 0.01 | 0.26 | 0.34 | 0.04 | 0.04 | 0.09 | 0.06 | — |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.78 | -0.59 | -0.06 | -0.63 | -0.88 | -0.45 | -0.83 | -0.59 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — | — |
| Interest Coverage | -7.98 | -7.98 | -13.00 | -49.29 | -674.83 | — | -2347.00 | -22.49 | — |
Net cash position: cash ($2.3B) exceeds total debt ($32M)
ASTS Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
AST SpaceMobile, Inc.'s current ratio of 16.35x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 2.31x to 16.35x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 16.35 | 16.35 | 7.90 | 2.31 | 9.65 | 15.71 | 3.88 | 4.47 | 7.07 |
| Quick Ratio | 16.27 | 16.27 | 7.90 | 2.31 | 9.65 | 15.64 | 3.69 | 4.45 | 7.04 |
| Cash Ratio | 15.54 | 15.54 | 7.44 | 1.85 | 8.58 | 15.05 | 3.26 | 4.27 | 6.15 |
| Asset Turnover | — | 0.01 | 0.00 | — | 0.03 | 0.03 | 0.06 | 0.04 | 0.03 |
| Inventory Turnover | 2.75 | 2.75 | — | — | — | 5.36 | 1.17 | 5.24 | 5.09 |
| Days Sales Outstanding | — | 2506.11 | — | — | 44.17 | 63.94 | 127.29 | 84.67 | 462.40 |
ASTS Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
AST SpaceMobile, 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 |
|---|---|---|---|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 2.1% | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 2.1% | — |
| Shares Outstanding | — | $256M | $155M | $82M | $54M | $52M | $52M | $29M | $25.9B |
Peer Comparison
Compare ASTS 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 |
|---|---|---|---|---|---|---|---|---|---|
 ASTSYou | $21B | -52.7 | — | — | 53.4% | -405.7% | -18.9% | -47.1% | — |
 GSAT | $10B | -138.9 | 119.8 | 58.2 | 66.9% | -0.4% | -17.1% | -0.1% | 6.2 |
 IRDM | $4B | 38.3 | 13.3 | 14.3 | 77.3% | 27.1% | 22.0% | 8.0% | 3.9 |
 VSAT | $9B | -15.0 | 11.6 | — | 33.0% | -2.2% | -11.8% | -0.7% | 5.9 |
 SPCE | $168M | -0.2 | — | — | -1179.5% | -5352.9% | -83.8% | -42.0% | — |
 TMUS | $209B | 19.9 | 10.1 | 20.2 | 47.6% | 21.2% | 18.2% | 8.1% | 3.8 |
 VZ | $200B | 11.7 | 8.0 | 9.9 | 45.6% | 21.2% | 16.6% | 8.0% | 4.2 |
 T | $178B | 8.4 | 7.4 | 9.2 | 79.8% | 19.2% | 17.6% | 6.7% | 3.9 |
 RKLB | $49B | -228.8 | — | — | 34.4% | -38.0% | -18.8% | -19.9% | — |
 KTOS | $12B | 473.2 | 128.2 | — | 22.1% | 2.1% | 1.3% | 1.4% | 2.1 |
 BA | $181B | 92.7 | — | — | 4.8% | -6.1% | 289.7% | -9.5% | — |
| Technology Median | — | 27.5 | 17.4 | 19.8 | 48.6% | -0.5% | 2.4% | 2.9% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonASTS — Frequently Asked Questions
Quick answers to the most common questions about buying ASTS stock.
What is AST SpaceMobile, Inc.'s P/E ratio?
AST SpaceMobile, Inc.'s current P/E ratio is -52.7x. This places it at the 50th percentile of its historical range.
What is AST SpaceMobile, Inc.'s ROE?
AST SpaceMobile, Inc.'s return on equity (ROE) is -18.9%. The historical average is -34.2%.
Is ASTS stock overvalued?
Based on historical data, AST SpaceMobile, Inc. is trading at a P/E of -52.7x. 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 AST SpaceMobile, Inc.'s profit margins?
AST SpaceMobile, Inc. has 53.4% gross margin and -405.7% operating margin.