BillionToOne, Inc. (BLLN) Financial Ratios
3 years of historical data (2023–2025)
EV/EBITDA
266.12
↑+27% vs avg
5yr avg: 209.80
P/FCF
295.98
↑+24% vs avg
5yr avg: 238.56
P/B Ratio
9.65
↑+24% vs avg
5yr avg: 7.81
30Y Low7.8·High7.8
ROE
↑
2.3%
↓+102% vs avg
5yr avg: -103.7%
30Y Low-271%·High2%
Debt/EBITDA
6.80
+0% vs avg
5yr avg: 6.80
30Y Low6.8·High6.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
BLLN Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
BillionToOne, Inc. trades at 1587.4x earnings, 24% above its 5-year average of 1284.8x, sitting at the 50th percentile of its historical range. On a free-cash-flow basis, the stock trades at 296.0x P/FCF, 24% above the 5-year average of 238.6x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Market Cap | $4.7B | $3.7B | — | — |
| Enterprise Value | $4.3B | $3.4B | — | — |
| P/E Ratio → | 1587.44 | 1284.77 | — | — |
| P/S Ratio | 15.24 | 12.29 | — | — |
| P/B Ratio | 9.65 | 7.81 | — | — |
| P/FCF | 295.98 | 238.56 | — | — |
| P/OCF | 189.11 | 152.42 | — | — |
P/E links to full P/E history page with 30-year chart
BLLN EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
BillionToOne, Inc.'s enterprise value stands at 266.1x EBITDA, 27% above its 5-year average of 209.8x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| EV / Revenue | — | 11.02 | — | — |
| EV / EBITDA | 266.12 | 209.80 | — | — |
| EV / EBIT | 266.12 | 209.80 | — | — |
| EV / FCF | — | 213.92 | — | — |
BLLN Profitability
Margins and return-on-capital ratios measuring operating efficiency
BillionToOne, Inc. earns an operating margin of 5.3%. Operating margins have expanded from -96.9% to 5.3% over the past 3 years, signaling improving operational efficiency. ROE of 2.3% is modest. ROIC of 13.5% represents solid returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Gross Margin | 68.3% | 68.3% | 53.0% | 24.1% |
| Operating Margin | 5.3% | 5.3% | -30.9% | -96.9% |
| Net Profit Margin | 2.4% | 2.4% | -27.2% | -115.3% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| ROE | 2.3% | 2.3% | -41.9% | -271.3% |
| ROA | 1.6% | 1.6% | -16.8% | -43.1% |
| ROIC | 13.5% | 13.5% | -42.8% | -65.5% |
| ROCE | 3.7% | 3.7% | -23.7% | -55.7% |
BLLN Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
BillionToOne, Inc. carries a Debt/EBITDA ratio of 6.8x, which is highly leveraged. The company holds a net cash position — cash of $496M exceeds total debt of $109M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 168.7x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Debt / Equity | 0.23 | 0.23 | 0.65 | 4.80 |
| Debt / EBITDA | 6.80 | 6.80 | — | — |
| Net Debt / Equity | — | -0.81 | -0.49 | 1.61 |
| Net Debt / EBITDA | -24.16 | -24.16 | — | — |
| Debt / FCF | — | -24.63 | — | — |
| Interest Coverage | 168.66 | 168.66 | -16.41 | -24.27 |
Net cash position: cash ($496M) exceeds total debt ($109M)
BLLN Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
BillionToOne, Inc.'s current ratio of 11.69x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 11.32x 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 1.73x to 11.69x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Current Ratio | 11.69 | 11.69 | 8.03 | 1.73 |
| Quick Ratio | 11.32 | 11.32 | 7.72 | 1.62 |
| Cash Ratio | 10.34 | 10.34 | 6.75 | 1.46 |
| Asset Turnover | — | 0.48 | 0.51 | 0.37 |
| Inventory Turnover | 5.51 | 5.51 | 8.21 | 7.56 |
| Days Sales Outstanding | — | 49.79 | 59.11 | 46.26 |
BLLN Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
BillionToOne, Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 0.1% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Dividend Yield | — | — | — | — |
| Payout Ratio | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Earnings Yield | 0.1% | 0.1% | — | — |
| FCF Yield | 0.3% | 0.4% | — | — |
| Buyback Yield | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $46M | $45M | $45M |
Peer Comparison
Compare BLLN 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 |
|---|---|---|---|---|---|---|---|---|---|
 BLLNYou | $5B | 1587.4 | 266.1 | 296.0 | 68.3% | 5.3% | 2.3% | 13.5% | 6.8 |
 NTRA | $30B | -139.5 | — | 278.4 | 64.8% | -13.4% | -14.3% | -36.1% | — |
 ILMN | $24B | 29.5 | 22.6 | 26.3 | 66.7% | 19.9% | 33.4% | 16.8% | 2.3 |
 PGNY | $2B | 41.0 | 22.1 | 10.9 | 23.6% | 6.6% | 12.5% | 18.1% | 0.3 |
 CDNA | $1B | -57.4 | — | 32.9 | 67.0% | -5.5% | -6.3% | -5.7% | — |
 EXAS | $20B | -95.4 | — | 56.1 | 69.7% | -6.4% | -8.7% | -3.6% | — |
 PACB | $407M | -0.7 | — | — | 31.7% | -348.5% | -213.5% | -45.8% | — |
 PRME | $501M | -2.1 | — | — | -58.1% | -4498.1% | -146.8% | -168.3% | — |
 TMO | $174B | 26.5 | 18.9 | 27.7 | 37.7% | 18.2% | 13.1% | 7.5% | 3.8 |
 DHR | $127B | 35.7 | 18.6 | 24.2 | 60.9% | 20.9% | 7.1% | 5.9% | 2.4 |
 A | $37B | 28.4 | 21.6 | 31.8 | 52.4% | 21.3% | 20.6% | 13.5% | 1.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 3 years · Updated daily
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Compare NowBLLN — Frequently Asked Questions
Quick answers to the most common questions about buying BLLN stock.
What is BillionToOne, Inc.'s P/E ratio?
BillionToOne, Inc.'s current P/E ratio is 1587.4x. This places it at the 50th percentile of its historical range.
What is BillionToOne, Inc.'s EV/EBITDA?
BillionToOne, Inc.'s current EV/EBITDA is 266.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA.
What is BillionToOne, Inc.'s ROE?
BillionToOne, Inc.'s return on equity (ROE) is 2.3%. The historical average is -103.7%.
Is BLLN stock overvalued?
Based on historical data, BillionToOne, Inc. is trading at a P/E of 1587.4x. 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 BillionToOne, Inc.'s profit margins?
BillionToOne, Inc. has 68.3% gross margin and 5.3% operating margin.
How much debt does BillionToOne, Inc. have?
BillionToOne, Inc.'s Debt/EBITDA ratio is 6.8x, indicating high leverage. A ratio above 4x may signal elevated financial risk.