Bitcoin Depot Inc. (BTM) Financial Ratios
6 years of historical data (2020–2025) · Financial Services · Financial - Capital Markets
EV/EBITDA
↓
4.39
↓-68% vs avg
5yr avg: 13.83
30Y Low7.9·High25.5
P/FCF
↓
7.46
↓-63% vs avg
5yr avg: 20.15
30Y Low9.2·High29.0
P/B Ratio
↓
31.54
↓-50% vs avg
5yr avg: 62.47
30Y Low40.2·High92.6
ROE
↓
-48.8%
↓+27% vs avg
5yr avg: -66.8%
30Y Low-277%·High75%
Debt/EBITDA
↓
1.34
↓-19% vs avg
5yr avg: 1.65
30Y Low0.7·High2.6
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
BTM Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Bitcoin Depot 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 7.5x P/FCF, 63% below the 5-year average of 20.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Market Cap | $215M | $645M | $236M | $377M | $875M | — | — |
| Enterprise Value | $215M | $645M | $270M | $379M | $900M | — | — |
| P/E Ratio → | -6.44 | — | — | — | 221.16 | — | — |
| P/S Ratio | 0.35 | 1.05 | 0.41 | 0.55 | 1.35 | — | — |
| P/B Ratio | 31.54 | 54.56 | — | 40.23 | 92.61 | — | — |
| P/FCF | 7.46 | 22.39 | 20.01 | 9.18 | 29.01 | — | — |
| P/OCF | 6.33 | 19.00 | 10.47 | 9.17 | 27.98 | — | — |
P/E links to full P/E history page with 30-year chart
BTM EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Bitcoin Depot Inc.'s enterprise value stands at 4.4x EBITDA, 68% below its 5-year average of 13.8x. The Financial Services sector median is 11.5x, placing the stock at a 62% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.05 | 0.47 | 0.55 | 1.39 | — | — |
| EV / EBITDA | 4.39 | 13.20 | 7.88 | 8.75 | 25.48 | — | — |
| EV / EBIT | 5.21 | 15.65 | 11.18 | 28.16 | 55.34 | — | — |
| EV / FCF | — | 22.38 | 22.89 | 9.22 | 29.85 | — | — |
BTM Profitability
Margins and return-on-capital ratios measuring operating efficiency
Bitcoin Depot Inc. earns an operating margin of 6.7%, below the Financial Services sector average of 21.6%. Operating margins have expanded from 4.4% to 6.7% over the past 3 years, signaling improving operational efficiency. A negative ROE of -48.8% indicates the company is currently destroying shareholder equity. ROIC of 49.8% represents excellent returns on invested capital versus a sector median of 5.7%.
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 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 18.4% | 18.4% | 15.9% | 14.7% | 11.2% | 10.2% | 12.7% |
| Operating Margin | 6.7% | 6.7% | 4.2% | 4.4% | 2.6% | 2.5% | 6.0% |
| Net Profit Margin | -0.9% | -0.9% | -2.0% | -3.8% | 0.6% | 1.1% | 5.9% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| ROE | -48.8% | -48.8% | — | -277.4% | 28.0% | 31.1% | 74.7% |
| ROA | -5.5% | -5.5% | -14.8% | -30.6% | 3.9% | 7.4% | 27.1% |
| ROIC | 49.8% | 49.8% | 41.4% | 40.5% | 15.5% | 15.2% | — |
| ROCE | 77.2% | 77.2% | 68.4% | 78.2% | 28.2% | 23.9% | 33.0% |
BTM Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Bitcoin Depot Inc. carries a Debt/EBITDA ratio of 1.3x, which is manageable (68% below the sector average of 4.1x). The company holds a net cash position — cash of $66M exceeds total debt of $65M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of just 2.9x 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 |
|---|---|---|---|---|---|---|---|
| Debt / Equity | 5.53 | 5.53 | — | 3.34 | 6.63 | 3.65 | 1.52 |
| Debt / EBITDA | 1.34 | 1.34 | 1.85 | 0.72 | 1.77 | 2.58 | 1.72 |
| Net Debt / Equity | — | -0.02 | — | 0.17 | 2.66 | 1.65 | -0.61 |
| Net Debt / EBITDA | -0.01 | -0.01 | 0.99 | 0.04 | 0.71 | 1.16 | -0.69 |
| Debt / FCF | — | -0.01 | 2.89 | 0.04 | 0.83 | 2.04 | -0.70 |
| Interest Coverage | 2.86 | 2.86 | 1.71 | 2.56 | 1.34 | 1.73 | 20.26 |
Net cash position: cash ($66M) exceeds total debt ($65M)
BTM Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.27x means Bitcoin Depot Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 0.81x to 1.27x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 1.27 | 1.27 | 0.85 | 0.81 | 0.86 | 1.25 | 5.13 |
| Quick Ratio | 1.27 | 1.27 | 0.85 | 0.81 | 0.86 | 1.25 | 5.13 |
| Cash Ratio | 1.04 | 1.04 | 0.73 | 0.65 | 0.80 | 1.01 | 5.04 |
| Asset Turnover | — | 4.71 | 7.16 | 8.90 | 6.93 | 5.07 | 4.62 |
| Inventory Turnover | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — |
BTM Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Bitcoin Depot Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business.
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 |
|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | 15.7% | 4.0% | 1.3% | — | — |
| Payout Ratio | — | — | — | — | 285.3% | 128.3% | 9.9% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | 0.5% | — | — |
| FCF Yield | 13.4% | 4.5% | 5.0% | 10.9% | 3.4% | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.1% | 0.1% | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 15.8% | 4.1% | 1.3% | — | — |
| Shares Outstanding | — | $71M | $21M | $17M | $12M | $12M | $12M |
Peer Comparison
Compare BTM 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 |
|---|---|---|---|---|---|---|---|---|---|
 BTMYou | $215M | -6.4 | 4.4 | 7.5 | 18.4% | 6.7% | -48.8% | 49.8% | 1.3 |
 COIN | $51B | 43.4 | 29.3 | 21.0 | 74.6% | 20.0% | 10.1% | 5.7% | 4.8 |
 GREE | $19M | -0.6 | 38.9 | — | 79.7% | -19.2% | — | -57.2% | 33.7 |
 FCFS | $10B | 30.3 | 12.7 | 21.2 | 51.7% | 15.4% | 15.3% | 9.2% | 2.8 |
 EVI | $259M | 41.0 | 15.4 | 15.8 | 30.4% | 3.5% | 5.4% | 5.8% | 3.2 |
 EVTC | $1B | 10.6 | 7.3 | 10.6 | 49.7% | 20.0% | 23.0% | 10.2% | 3.7 |
 FOUR | $4B | 43.4 | 9.5 | 7.6 | 34.2% | 8.4% | 8.0% | 6.3% | 5.9 |
 PRTH | $451M | 8.1 | 6.9 | 6.0 | 21.4% | 14.8% | — | 13.4% | 5.1 |
 MSTR | $60B | -11.8 | — | — | 68.7% | -1140.8% | -11.6% | -9.9% | — |
 MARA | $5B | -3.4 | — | — | -47.7% | -90.6% | -34.5% | -9.0% | — |
 RIOT | $9B | -12.4 | — | — | -15.6% | -61.8% | -22.1% | -8.7% | — |
| Financial Services Median | — | 13.1 | 11.5 | 10.6 | 63.6% | 21.6% | 9.4% | 5.7% | 4.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonBTM — Frequently Asked Questions
Quick answers to the most common questions about buying BTM stock.
What is Bitcoin Depot Inc.'s P/E ratio?
Bitcoin Depot Inc.'s current P/E ratio is -6.4x. This places it at the 50th percentile of its historical range.
What is Bitcoin Depot Inc.'s EV/EBITDA?
Bitcoin Depot Inc.'s current EV/EBITDA is 4.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.8x.
What is Bitcoin Depot Inc.'s ROE?
Bitcoin Depot Inc.'s return on equity (ROE) is -48.8%. The historical average is -38.5%.
Is BTM stock overvalued?
Based on historical data, Bitcoin Depot Inc. is trading at a P/E of -6.4x. 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 Bitcoin Depot Inc.'s profit margins?
Bitcoin Depot Inc. has 18.4% gross margin and 6.7% operating margin.
How much debt does Bitcoin Depot Inc. have?
Bitcoin Depot Inc.'s Debt/EBITDA ratio is 1.3x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.