Latest Ratios: P/E Ratio -5.3x · EV/EBITDA N/A · ROE -66.2%. (2023–2025 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 |
|---|---|---|---|---|
| Market Cap | $4.9B | $6.5B | — | — |
| Enterprise Value | $3.4B | $5.0B | — | — |
| P/E Ratio → | -5.28 | — | — | — |
| P/S Ratio | 138.35 | 181.56 | — | — |
| P/B Ratio | 2.80 | 3.56 | — | — |
| P/FCF | — | — | — | — |
| P/OCF | — | — | — | — |
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 |
|---|---|---|---|---|
| EV / Revenue | — | 139.14 | — | — |
| EV / EBITDA | — | — | — | — |
| EV / EBIT | — | — | — | — |
| EV / FCF | — | — | — | — |
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 |
|---|---|---|---|---|
| Gross Margin | 72.2% | 72.2% | -39.0% | 30.7% |
| Operating Margin | -1046.3% | -1046.3% | -1803.7% | -1214.9% |
| Net Profit Margin | -2094.2% | -2094.2% | -1826.4% | -1143.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| ROE | -66.2% | -66.2% | -67.1% | -45.5% |
| ROA | -53.4% | -53.4% | -44.3% | -30.3% |
| ROIC | -91.4% | -91.4% | -69.0% | -48.7% |
| ROCE | -28.0% | -28.0% | -47.2% | -34.4% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Debt / Equity | 0.11 | 0.11 | 0.39 | 0.40 |
| Debt / EBITDA | — | — | — | — |
| Net Debt / Equity | — | -0.83 | -0.30 | -0.26 |
| Net Debt / EBITDA | — | — | — | — |
| Debt / FCF | — | — | — | — |
| Interest Coverage | -56.44 | -56.44 | -23.08 | -494.83 |
Net cash position: cash ($1.7B) exceeds total debt ($204M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Current Ratio | 22.77 | 22.77 | 5.79 | 7.74 |
| Quick Ratio | 22.77 | 22.77 | 5.72 | 7.48 |
| Cash Ratio | 22.45 | 22.45 | 5.33 | 7.01 |
| Asset Turnover | — | 0.02 | 0.02 | 0.03 |
| Inventory Turnover | — | — | 5.73 | 1.13 |
| Days Sales Outstanding | — | 58.90 | 293.97 | 135.76 |
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 |
|---|---|---|---|---|
| Dividend Yield | — | — | — | — |
| Payout Ratio | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Earnings Yield | — | — | — | — |
| FCF Yield | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $229M | $224M | $224M |
Includes 30+ ratios · 3 years · Updated daily
Live VCP patterns, Cup & Handle overlays, support/resistance, and AI trade plans.
High-probability breakout stocks crossing their pivot across 5 pattern engines.
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying BETA stock.
BETA Technologies, Inc.'s current P/E ratio is -5.3x. This places it at the 50th percentile of its historical range.
BETA Technologies, Inc.'s return on equity (ROE) is -66.2%. The historical average is -59.6%.
Based on historical data, BETA Technologies, Inc. is trading at a P/E of -5.3x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
BETA Technologies, Inc. has 72.2% gross margin and -1046.3% operating margin.
Key Metrics
Top Statement Risk
Certification delays threaten runway
Metrics are mathematically derived from official filings.
Valuation Distorted by Pre-Revenue Scale
BETA's P/S ratio of 151.9x is astronomically high even among pre-profit peers, suggesting the market prices in future platform revenue streams that are not yet reflected in its minimal reported sales.
This extreme multiple dwarfs the already elevated P/S ratios of publicly traded eVTOL peers, which are themselves based on speculative future cash flows. The valuation appears to incorporate not just the ALIA-250 aircraft but also the strategic potential of the proprietary 'Charge Cube' network, though this infrastructure is still in its infancy.
Massive Cash Pile Underpins High Burn
With a current ratio of 14.47 in 2026Q2, as reported in the financial statements, BETA maintains an exceptionally liquid balance sheet that provides a critical, albeit finite, runway to fund its pre-certification expenses and infrastructure build-out.
This level of liquidity is a deliberate strategic buffer against the company's significant quarterly operating cash outflows, which exceeded $70 million. However, the high ratio also signals that the company is holding a substantial amount of unproductive capital, which may only begin to generate returns post-FAA certification.
Conservative Leverage Reflects Equity Funding
The company's D/E ratio of 0.13, based on its 2026Q2 balance sheet, indicates a capital structure overwhelmingly reliant on equity infusions, which has allowed it to avoid interest burden but at the cost of significant shareholder dilution.
This low leverage profile is a strategic choice for a pre-revenue firm, minimizing fixed obligations during a period of intense cash burn. However, it also implies that any future need for capital will likely require further equity raises or convertible debt, potentially pressuring existing investors as the company approaches production scale.
The Peril of Applying Traditional Efficiency Metrics
Standard ratios like Return on Equity (ROE) and Asset Turnover are currently meaningless and potentially misleading for analyzing BETA, as they are calculated on a capital base deployed for a certification process that generates no revenue.
The ROE of -8.9% and Asset Turnover of 0.01 for 2026Q2 reflect a company burning through equity to build future capacity, not generating returns on invested capital. Investors should ignore these metrics and instead focus on cash burn rate, certification milestones, and the conversion of letters of intent into binding orders.