Bloom Energy Corporation (BE) Financial Ratios
12 years of historical data (2014–2025) · Industrials · Electrical Equipment & Parts
EV/EBITDA
↑
508.37
↑+307% vs avg
5yr avg: 124.87
30Y Low76.1·High76.1
P/FCF
↑
1087.24
↑+320% vs avg
5yr avg: 258.80
30Y Low7.6·High152.3
P/B Ratio
↑
78.41
↑+522% vs avg
5yr avg: 12.60
30Y Low5.9·High28.1
ROE
↑
-12.8%
↓+87% vs avg
5yr avg: -96.0%
30Y Low-302%·High-5%
Debt/EBITDA
↑
24.25
+9% vs avg
5yr avg: 22.20
30Y Low20.1·High24.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
BE Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Bloom Energy Corporation 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 1087.2x P/FCF, 320% above the 5-year average of 258.8x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $62.2B | $20.9B | $5.0B | $3.1B | $3.6B | $3.8B | $4.0B | $860M | $532M | — | — |
| Enterprise Value | $62.7B | $21.4B | $5.8B | $3.9B | $4.2B | $4.5B | $4.6B | $1.8B | $1.4B | — | — |
| P/E Ratio → | -699.03 | — | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 30.72 | 10.32 | 3.43 | 2.36 | 2.96 | 3.91 | 5.01 | 1.10 | 0.72 | — | — |
| P/B Ratio | 78.41 | 26.34 | 8.63 | 6.05 | 9.38 | — | 28.12 | — | 5.86 | — | — |
| P/FCF | 1087.24 | 365.25 | 152.35 | — | — | — | — | 7.63 | — | — | — |
| P/OCF | 545.67 | 183.31 | 54.89 | — | — | — | — | 5.25 | — | — | — |
P/E links to full P/E history page with 30-year chart
BE EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Bloom Energy Corporation's enterprise value stands at 508.4x EBITDA, 307% above its 5-year average of 124.9x. The Industrials sector median is 13.8x, placing the stock at a 3596% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 10.59 | 3.92 | 2.95 | 3.52 | 4.66 | 5.84 | 2.23 | 1.95 | — | — |
| EV / EBITDA | 508.37 | 173.68 | 76.05 | — | — | — | — | — | — | — | — |
| EV / EBIT | 861.47 | — | 159.23 | — | — | — | — | — | — | — | — |
| EV / FCF | — | 374.65 | 174.28 | — | — | — | — | 15.54 | — | — | — |
BE Profitability
Margins and return-on-capital ratios measuring operating efficiency
Bloom Energy Corporation earns an operating margin of 3.6%, roughly in line with the Industrials sector average. Operating margins have expanded from -15.7% to 3.6% over the past 3 years, signaling improving operational efficiency. A negative ROE of -12.8% indicates the company is currently destroying shareholder equity. ROIC of 4.1% represents below-average returns on invested capital versus a sector median of 6.3%.
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 | 29.0% | 29.0% | 27.5% | 14.8% | 12.4% | 20.1% | 20.3% | 12.1% | 13.5% | -5.7% | -48.6% |
| Operating Margin | 3.6% | 3.6% | 1.6% | -15.7% | -21.8% | -12.0% | -10.7% | -30.0% | -23.0% | -42.7% | -117.1% |
| Net Profit Margin | -4.4% | -4.4% | -2.0% | -22.7% | -25.1% | -16.9% | -19.8% | -38.8% | -36.9% | -69.8% | -134.1% |
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 | -12.8% | -12.8% | -5.3% | -67.2% | -159.8% | -235.1% | -111.4% | — | -301.6% | — | — |
| ROA | -2.5% | -2.5% | -1.2% | -13.9% | -16.4% | -10.3% | -11.3% | -22.4% | -21.0% | -21.7% | -26.0% |
| ROIC | 4.1% | 4.1% | 1.3% | -13.3% | -22.0% | -11.4% | -8.3% | -20.4% | -12.7% | — | — |
| ROCE | 2.5% | 2.5% | 1.2% | -12.5% | -18.7% | -9.8% | -9.6% | -25.3% | -16.6% | -17.0% | -29.3% |
BE Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Bloom Energy Corporation carries a Debt/EBITDA ratio of 24.3x, which is highly leveraged (659% above the sector average of 3.2x). Net debt stands at $538M ($3.0B total debt minus $2.5B 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 | 3.77 | 3.77 | 2.61 | 2.79 | 2.69 | — | 6.46 | — | 12.51 | — | — |
| Debt / EBITDA | 24.25 | 24.25 | 20.14 | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | 0.68 | 1.24 | 1.52 | 1.77 | — | 4.71 | — | 10.08 | — | — |
| Net Debt / EBITDA | 4.36 | 4.36 | 9.57 | — | — | — | — | — | — | — | — |
| Debt / FCF | — | 9.40 | 21.93 | — | — | — | — | 7.91 | — | — | — |
| Interest Coverage | -0.57 | -0.57 | 0.58 | -1.83 | -4.87 | -1.79 | -1.27 | -2.43 | -1.74 | -1.38 | -3.13 |
BE Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Bloom Energy Corporation's current ratio of 5.98x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 4.95x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 3.60x to 5.98x 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 | 5.98 | 5.98 | 3.21 | 3.60 | 1.95 | 2.35 | 1.42 | 0.82 | 2.37 | 1.55 | 1.50 |
| Quick Ratio | 4.95 | 4.95 | 2.35 | 2.53 | 1.45 | 1.94 | 1.09 | 0.63 | 1.90 | 1.22 | 1.18 |
| Cash Ratio | 3.93 | 3.93 | 1.26 | 1.41 | 0.64 | 1.16 | 0.57 | 0.35 | 1.16 | 0.48 | 0.60 |
| Asset Turnover | — | 0.46 | 0.55 | 0.55 | 0.62 | 0.56 | 0.55 | 0.59 | 0.53 | 0.31 | 0.17 |
| Inventory Turnover | 2.23 | 2.23 | 1.96 | 2.26 | 3.92 | 5.42 | 4.45 | 6.30 | 4.02 | 4.40 | 3.73 |
| Days Sales Outstanding | — | 99.32 | 119.12 | 104.59 | 90.62 | 44.59 | 48.23 | 19.96 | 46.42 | 34.49 | 70.02 |
BE Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Bloom Energy Corporation returns 0.0% to shareholders annually primarily through dividends.
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 | 0.0% | 0.0% | 0.0% | — | — | — | — | — | — | — | — |
| 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 | — | — | — | — | — | — | — | — | — | — | — |
| FCF Yield | 0.1% | 0.3% | 0.7% | — | — | — | — | 13.1% | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $240M | $227M | $213M | $186M | $173M | $139M | $115M | $53M | $59M | $58M |
Peer Comparison
Compare BE 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 |
|---|---|---|---|---|---|---|---|---|---|
 BEYou | $62B | -699.0 | 508.4 | 1087.2 | 29.0% | 3.6% | -12.8% | 4.1% | 24.3 |
 PLUG | $4B | — | — | — | 99.8% | 38.1% | -175.6% | 10.9% | — |
 FCEL | $646M | -1.7 | — | — | -16.7% | -76.6% | -25.8% | -14.0% | — |
 BLDP | $1B | -15.7 | — | — | 2.4% | -80.6% | -14.7% | -68.8% | — |
 GNRC | $16B | 99.2 | 34.4 | 58.4 | 38.3% | 6.9% | 6.2% | 5.9% | 2.8 |
 ARRY | $1B | -11.2 | 13.5 | 15.7 | 21.2% | 6.6% | -19.0% | 9.0% | 5.8 |
 AMRC | $2B | 35.8 | 15.0 | — | 15.7% | 6.5% | 4.1% | 3.3% | 8.5 |
 CWEN | $8B | 26.9 | 16.2 | 21.2 | 15.2% | 12.3% | 2.9% | 0.9% | 9.6 |
 APD | $66B | -166.7 | 119.7 | — | 31.4% | -7.3% | -2.2% | -2.0% | 26.8 |
 LIN | $229B | 33.8 | 19.7 | 45.0 | 43.3% | 26.3% | 17.4% | 11.3% | 2.1 |
 SRE | $60B | 33.3 | 16.5 | — | 29.1% | 23.7% | 4.6% | 3.2% | 6.2 |
| Industrials Median | — | 25.5 | 13.8 | 20.7 | 32.7% | 4.9% | 8.2% | 6.3% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 12 years · Updated daily
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Start ComparisonBE — Frequently Asked Questions
Quick answers to the most common questions about buying BE stock.
What is Bloom Energy Corporation's P/E ratio?
Bloom Energy Corporation's current P/E ratio is -699.0x. This places it at the 50th percentile of its historical range.
What is Bloom Energy Corporation's EV/EBITDA?
Bloom Energy Corporation's current EV/EBITDA is 508.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 76.1x.
What is Bloom Energy Corporation's ROE?
Bloom Energy Corporation's return on equity (ROE) is -12.8%. The historical average is -126.2%.
Is BE stock overvalued?
Based on historical data, Bloom Energy Corporation is trading at a P/E of -699.0x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Bloom Energy Corporation's dividend yield?
Bloom Energy Corporation's current dividend yield is 0.00%.
What are Bloom Energy Corporation's profit margins?
Bloom Energy Corporation has 29.0% gross margin and 3.6% operating margin.
How much debt does Bloom Energy Corporation have?
Bloom Energy Corporation's Debt/EBITDA ratio is 24.3x, indicating high leverage. A ratio above 4x may signal elevated financial risk.