Latest Ratios: P/E Ratio -2391.2x · EV/EBITDA 16.0x · ROE -0.1%. (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 | $142M | $379M | — | — |
| Enterprise Value | $278M | $514M | — | — |
| P/E Ratio → | -2391.18 | — | — | — |
| P/S Ratio | 0.71 | 1.89 | — | — |
| P/B Ratio | 1.32 | 3.62 | — | — |
| P/FCF | — | — | — | — |
| P/OCF | 64.92 | 173.01 | — | — |
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 | — | 2.57 | — | — |
| EV / EBITDA | 15.96 | 29.56 | — | — |
| EV / EBIT | 53.37 | — | — | — |
| 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 | 29.3% | 29.3% | 49.3% | 45.8% |
| Operating Margin | 2.6% | 2.6% | -1.7% | 1.5% |
| Net Profit Margin | -0.0% | -0.0% | -2.3% | -6.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| ROE | -0.1% | -0.1% | — | — |
| ROA | -0.0% | -0.0% | -1.9% | -5.0% |
| ROIC | 1.9% | 1.9% | -1.3% | 1.1% |
| ROCE | 2.2% | 2.2% | -1.7% | 1.3% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Debt / Equity | 1.57 | 1.57 | — | — |
| Debt / EBITDA | 9.43 | 9.43 | 26.96 | 15.42 |
| Net Debt / Equity | — | 1.30 | — | — |
| Net Debt / EBITDA | 7.79 | 7.79 | 25.62 | 13.79 |
| Debt / FCF | — | — | — | — |
| Interest Coverage | -0.64 | -0.64 | -1.93 | 0.27 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Current Ratio | 1.04 | 1.04 | 0.58 | 0.83 |
| Quick Ratio | 0.96 | 0.96 | 0.52 | 0.77 |
| Cash Ratio | 0.74 | 0.74 | 0.31 | 0.67 |
| Asset Turnover | — | 0.60 | 0.76 | 0.75 |
| Inventory Turnover | 48.86 | 48.86 | 39.72 | 49.46 |
| Days Sales Outstanding | — | 6.29 | 9.76 | 2.13 |
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 | 2.4% | 0.9% | — | — |
| Total Shareholder Yield | 2.4% | 0.9% | — | — |
| Shares Outstanding | — | $17M | $15M | $15M |
Capital intensity outpacing margins
According to current market data, BRCB trades at a forward P/E of 40.37, which appears to price in significant future earnings expansion that remains unsupported by the company's historical inability to maintain positive net margins across the observed ten-quarter period.
The valuation reflects a growth-oriented narrative common in the QSR sector, yet the negative TTM P/E highlights the disconnect between aggressive unit expansion and actual bottom-line profitability. Investors should monitor whether the forward multiple is justified by operational scaling or if it represents an over-optimistic outlook on unit-level economics.
As reported in recent financial statements, BRCB's ROIC has struggled to remain consistently positive, peaking at a modest 1.3% in 2026Q1, which suggests that the company is currently failing to generate returns on invested capital that exceed its likely cost of capital.
The persistent low-to-negative ROIC trend indicates that the capital-intensive nature of building new drive-thru locations is not yet being offset by sufficient operational efficiency. This suggests that the company's current strategy of rapid footprint expansion may be destroying shareholder value rather than compounding it.
Based on the provided quarterly figures, BRCB's cash conversion cycle has shown significant volatility, including a shift to -14 days in 2026Q1, which may indicate an aggressive reliance on delaying supplier payments to manage liquidity during periods of rapid store-level scaling.
While a negative CCC can sometimes signal strong bargaining power, in BRCB's case, it appears more reflective of a liquidity-constrained environment where cash management is prioritized over vendor relationships. The low asset turnover ratio of 0.16 further suggests that the company's physical assets are not being utilized with sufficient intensity to drive meaningful revenue growth.
As evidenced by the 2026Q1 current ratio of 0.87, BRCB maintains a liquidity position that appears vulnerable to operational shocks, leaving the company with limited flexibility to navigate potential downturns in consumer spending or unexpected spikes in commodity input costs.
The quick ratio of 0.77 reinforces the concern that the company is highly dependent on inventory turnover to meet its short-term obligations. This lack of a robust liquidity cushion warrants further investigation into the company's ability to sustain its expansion pipeline without requiring additional dilutive financing.
The most commonly misapplied metric for BRCB is top-line revenue growth, which, as reported in recent filings, masks the underlying reality that the company is currently operating at a net margin of -0.03% and struggling to achieve sustainable profitability at the store level.
Investors often focus on the 24.49% revenue growth as a proxy for success, but this metric obscures the high capital intensity and negative free cash flow that characterize the business. A more appropriate metric would be Average Unit Volume (AUV) adjusted for store-level EBITDA, which would provide a clearer picture of whether the expansion strategy is truly viable.
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Quick answers to the most common questions about buying BRCB stock.
Black Rock Coffee Bar, Inc. Class A Common Stock's current P/E ratio is -2391.2x. This places it at the 50th percentile of its historical range.
Black Rock Coffee Bar, Inc. Class A Common Stock's current EV/EBITDA is 16.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 29.6x.
Black Rock Coffee Bar, Inc. Class A Common Stock's return on equity (ROE) is -0.1%. The historical average is -0.1%.
Based on historical data, Black Rock Coffee Bar, Inc. Class A Common Stock is trading at a P/E of -2391.2x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Black Rock Coffee Bar, Inc. Class A Common Stock has 29.3% gross margin and 2.6% operating margin.
Black Rock Coffee Bar, Inc. Class A Common Stock's Debt/EBITDA ratio is 9.4x, indicating high leverage. A ratio above 4x may signal elevated financial risk.