BrightSpire Capital, Inc. (BRSP) Financial Ratios
10 years of historical data (2016–2025) · Real Estate · REIT - Diversified
EV/EBITDA
↓
18.70
↓-63% vs avg
5yr avg: 50.89
30Y Low18.6·High95.7
P/FCF
↑
9.88
↑+32% vs avg
5yr avg: 7.50
30Y Low6.4·High18.9
P/B Ratio
↓
0.76
+4% vs avg
5yr avg: 0.73
30Y Low0.5·High0.9
ROE
↑
-3.2%
↓+14% vs avg
5yr avg: -3.7%
30Y Low-17%·High7%
Debt/EBITDA
↓
14.81
↓-65% vs avg
5yr avg: 42.66
30Y Low2.8·High39.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
BRSP Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
BrightSpire Capital, Inc. 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 9.9x P/FCF, 32% above the 5-year average of 7.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $722M | $711M | $719M | $945M | $806M | $1.3B | $964M | $1.7B | $1.9B | — | — |
| Enterprise Value | $3.1B | $3.1B | $2.9B | $4.3B | $3.7B | $5.9B | $5.1B | $7.7B | $7.4B | — | — |
| P/E Ratio → | -21.31 | — | — | — | 18.32 | — | — | — | — | — | — |
| P/S Ratio | 2.18 | 2.14 | 2.07 | 2.41 | 2.25 | 4.08 | 2.27 | 3.08 | 4.03 | — | — |
| P/B Ratio | 0.76 | 0.77 | 0.69 | 0.74 | 0.58 | 0.88 | 0.49 | 0.77 | 0.67 | — | — |
| P/FCF | 9.88 | 9.73 | 6.95 | 6.87 | 6.43 | — | 10.01 | 12.32 | 18.92 | — | — |
| P/OCF | 9.88 | 9.73 | 6.95 | 6.87 | 6.43 | — | 10.01 | 12.32 | 18.92 | — | — |
P/E links to full P/E history page with 30-year chart
BRSP EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
BrightSpire Capital, Inc.'s enterprise value stands at 18.7x EBITDA, 63% below its 5-year average of 50.9x. The Real Estate sector median is 17.0x, placing the stock at a 10% 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 | — | 9.45 | 8.44 | 11.08 | 10.29 | 18.36 | 12.14 | 14.01 | 15.68 | — | — |
| EV / EBITDA | 18.70 | 18.63 | — | 95.70 | 45.65 | 43.59 | 64.83 | — | 184.74 | — | — |
| EV / EBIT | 24.03 | 42.00 | — | 1890.88 | 47.35 | 91.16 | — | — | — | — | — |
| EV / FCF | — | 42.92 | 28.36 | 31.56 | 29.45 | — | 53.44 | 56.10 | 73.69 | — | — |
BRSP Profitability
Margins and return-on-capital ratios measuring operating efficiency
BrightSpire Capital, Inc. earns an operating margin of 39.5%, above the Real Estate sector average of 24.8%. Operating margins have expanded from 3.0% to 39.5% over the past 3 years, signaling improving operational efficiency. A negative ROE of -3.2% indicates the company is currently destroying shareholder equity. ROIC of 3.0% represents below-average 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 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 49.6% | 49.6% | 45.9% | 49.0% | 53.9% | 59.4% | 50.0% | 43.5% | 46.5% | 82.3% | 81.0% |
| Operating Margin | 39.5% | 39.5% | -14.9% | 3.0% | 13.0% | 30.8% | 4.6% | -28.6% | -10.7% | 80.4% | 85.1% |
| Net Profit Margin | -9.4% | -9.4% | -38.0% | -4.0% | 12.8% | -31.3% | -83.3% | -75.5% | -35.6% | 54.0% | 53.7% |
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 | -3.2% | -3.2% | -11.4% | -1.2% | 3.2% | -5.9% | -17.0% | -16.4% | -7.9% | 6.7% | 6.2% |
| ROA | -0.9% | -0.9% | -3.3% | -0.3% | 0.9% | -1.7% | -5.2% | -5.2% | -3.2% | 4.9% | 4.2% |
| ROIC | 3.0% | 3.0% | -1.0% | 0.2% | 0.7% | 1.2% | 0.2% | -1.4% | -0.8% | 5.7% | 5.2% |
| ROCE | 3.7% | 3.7% | -1.4% | 0.3% | 0.9% | 1.7% | 0.3% | -2.1% | -1.1% | 7.5% | 6.9% |
BRSP Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
BrightSpire Capital, Inc. carries a Debt/EBITDA ratio of 14.8x, which is highly leveraged (87% above the sector average of 7.9x). Net debt stands at $2.4B ($2.5B total debt minus $67M cash). Interest coverage of just 0.6x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.68 | 2.68 | 2.41 | 2.86 | 2.30 | 3.27 | 2.38 | 2.76 | 1.97 | 0.28 | 0.41 |
| Debt / EBITDA | 14.81 | 14.81 | — | 80.55 | 39.47 | 35.81 | 58.67 | — | 139.24 | 2.76 | 4.16 |
| Net Debt / Equity | — | 2.61 | 2.12 | 2.66 | 2.08 | 3.09 | 2.14 | 2.73 | 1.94 | 0.26 | 0.40 |
| Net Debt / EBITDA | 14.41 | 14.41 | — | 74.87 | 35.68 | 33.90 | 52.69 | — | 137.31 | 2.58 | 4.05 |
| Debt / FCF | — | 33.19 | 21.41 | 24.69 | 23.02 | — | 43.44 | 43.79 | 54.77 | 3.41 | 5.52 |
| Interest Coverage | 0.59 | 0.59 | -3.98 | 0.09 | 2.71 | 2.02 | -4.14 | -7.96 | -2.78 | 21.68 | — |
BRSP Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
BrightSpire Capital, Inc.'s current ratio of 19.52x 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 18.87x to 19.52x 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 | 19.52 | 19.52 | 18.15 | 18.87 | 49.61 | 27.72 | 41.06 | 26.99 | 1.87 | 33.43 | 25.31 |
| Quick Ratio | 19.52 | 19.52 | 18.15 | 18.90 | 49.40 | 27.72 | 41.06 | 26.99 | 1.87 | 64.43 | 25.31 |
| Cash Ratio | 0.46 | 0.46 | 1.91 | 1.47 | 3.87 | 1.52 | 4.08 | 1.79 | 0.26 | 0.60 | 0.22 |
| Asset Turnover | — | 0.09 | 0.09 | 0.09 | 0.08 | 0.06 | 0.07 | 0.07 | 0.05 | 0.09 | 0.08 |
| Inventory Turnover | — | — | — | — | 9.85 | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
BRSP Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
BrightSpire Capital, Inc. returns 13.9% to shareholders annually — split between a 11.8% dividend yield and 2.1% buyback yield.
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 | 11.8% | 11.7% | 13.8% | 11.0% | 12.3% | 3.9% | 5.4% | 12.9% | 9.7% | — | — |
| Payout Ratio | — | — | — | — | 217.1% | — | — | — | — | 338.2% | 160.6% |
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 | — | — | — | — | 5.5% | — | — | — | — | — | — |
| FCF Yield | 10.1% | 10.3% | 14.4% | 14.6% | 15.6% | — | 10.0% | 8.1% | 5.3% | — | — |
| Buyback Yield | 2.1% | 2.1% | 1.6% | 0.3% | 5.6% | 0.2% | 0.2% | 0.1% | 0.0% | — | — |
| Total Shareholder Yield | 13.9% | 13.8% | 15.3% | 11.3% | 17.9% | 4.1% | 5.5% | 13.0% | 9.8% | — | — |
| Shares Outstanding | — | $127M | $127M | $127M | $129M | $128M | $129M | $128M | $121M | $113M | $128M |
Peer Comparison
Compare BRSP 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 |
|---|---|---|---|---|---|---|---|---|---|
 BRSPYou | $722M | -21.3 | 18.7 | 9.9 | 49.6% | 39.5% | -3.2% | 3.0% | 14.8 |
 ACRE | $256M | -281.7 | 18.2 | 13.0 | 57.4% | 72.4% | -0.2% | 2.9% | 14.9 |
 TPVG | $203M | 4.1 | 8.6 | — | 83.5% | 77.9% | 14.1% | 7.2% | 6.2 |
 RC | $289M | -1.2 | 47.7 | — | 87.7% | 24.2% | -12.8% | 1.2% | 47.4 |
 GPMT | $63M | -1.1 | 20.6 | 23.7 | 83.0% | 43.6% | -7.0% | 2.6% | 20.6 |
 BXMT | $3B | 28.3 | 16.2 | 11.1 | 76.9% | 71.6% | 3.0% | 4.3% | 14.0 |
 KREF | $454M | -6.7 | 18.5 | 6.8 | 88.3% | 59.3% | -3.6% | 3.4% | 17.1 |
 TRTX | $665M | 15.1 | 15.1 | 7.4 | 79.3% | 73.0% | 5.5% | 4.7% | 12.9 |
 ARI | $1B | 13.4 | 19.4 | 34.0 | 80.1% | 65.4% | 6.8% | 4.0% | 16.7 |
 LADR | $1B | 20.0 | 17.2 | 14.9 | 71.8% | 62.0% | 4.3% | 4.4% | 12.7 |
 FBRT | $649M | 13.2 | 48.5 | 2.2 | — | — | 5.4% | 1.2% | 43.6 |
| Real Estate Median | — | 24.1 | 17.0 | 15.4 | 49.3% | 24.8% | 3.7% | 2.7% | 7.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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BRSP — Frequently Asked Questions
Quick answers to the most common questions about buying BRSP stock.
What is BrightSpire Capital, Inc.'s P/E ratio?
BrightSpire Capital, Inc.'s current P/E ratio is -21.3x. The historical average is 18.3x.
What is BrightSpire Capital, Inc.'s EV/EBITDA?
BrightSpire Capital, Inc.'s current EV/EBITDA is 18.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 53.7x.
What is BrightSpire Capital, Inc.'s ROE?
BrightSpire Capital, Inc.'s return on equity (ROE) is -3.2%. The historical average is -4.7%.
Is BRSP stock overvalued?
Based on historical data, BrightSpire Capital, Inc. is trading at a P/E of -21.3x. Compare with industry peers and growth rates for a complete picture.
What is BrightSpire Capital, Inc.'s dividend yield?
BrightSpire Capital, Inc.'s current dividend yield is 11.81%.
What are BrightSpire Capital, Inc.'s profit margins?
BrightSpire Capital, Inc. has 49.6% gross margin and 39.5% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does BrightSpire Capital, Inc. have?
BrightSpire Capital, Inc.'s Debt/EBITDA ratio is 14.8x, indicating high leverage. A ratio above 4x may signal elevated financial risk.