7 years of historical data (2019–2025) · Technology · Software - Infrastructure
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Confluent, 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 24.8x P/FCF, 96% below the 5-year average of 559.9x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.5B | $10.4B | $9.0B | $7.0B | $6.2B | $20.7B | — | — |
| Enterprise Value | $2.3B | $11.2B | $9.7B | $7.8B | $6.9B | $20.5B | — | — |
| P/E Ratio → | -35.66 | — | — | — | — | — | — | — |
| P/S Ratio | 1.29 | 8.91 | 9.34 | 9.06 | 10.63 | 53.43 | — | — |
| P/B Ratio | 9.02 | 8.89 | 9.36 | 8.68 | 8.10 | 24.37 | — | — |
| P/FCF | 24.76 | 171.34 | 948.39 | — | — | — | — | — |
| P/OCF | 23.37 | 161.75 | 268.96 | — | — | — | — | — |
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 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 9.56 | 10.09 | 10.04 | 11.79 | 52.77 | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — |
| EV / FCF | — | 183.84 | 1024.69 | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Confluent, Inc. earns an operating margin of -32.6%. Operating margins have expanded from -61.6% to -32.6% over the past 3 years, signaling improving operational efficiency. A negative ROE of -27.7% indicates the company is currently destroying shareholder equity.
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 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 74.3% | 74.3% | 73.3% | 70.4% | 65.5% | 64.6% | 68.1% | 67.0% |
| Operating Margin | -32.6% | -32.6% | -43.5% | -61.6% | -79.0% | -87.6% | -98.6% | -65.5% |
| Net Profit Margin | -25.3% | -25.3% | -35.8% | -57.0% | -77.2% | -88.4% | -97.1% | -63.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | -27.7% | -27.7% | -39.0% | -56.0% | -55.9% | -126.0% | — | — |
| ROA | -10.4% | -10.4% | -13.4% | -18.4% | -19.3% | -23.9% | -62.8% | -46.1% |
| ROIC | -15.8% | -15.8% | -19.3% | -23.7% | -33.9% | -167.7% | — | — |
| ROCE | -17.2% | -17.2% | -20.5% | -24.6% | -23.6% | -29.2% | -110.1% | -107.4% |
Solvency and debt-coverage ratios — lower is generally safer
Net debt stands at $758M ($1.1B total debt minus $347M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.95 | 0.95 | 1.15 | 1.37 | 1.45 | 1.32 | — | — |
| Debt / EBITDA | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | 0.65 | 0.75 | 0.94 | 0.89 | -0.30 | — | — |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — |
| Debt / FCF | — | 12.50 | 76.30 | — | — | — | — | — |
| Interest Coverage | — | — | -110.30 | -125.99 | — | — | — | — |
Short-term solvency ratios and asset-utilisation metrics
Confluent, Inc.'s current ratio of 3.83x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has declined from 4.62x to 3.83x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.83 | 3.83 | 3.99 | 4.62 | 5.18 | 6.39 | 2.21 | 1.59 |
| Quick Ratio | 3.83 | 3.83 | 3.99 | 4.62 | 5.18 | 6.39 | 2.21 | 1.59 |
| Cash Ratio | 3.02 | 3.02 | 3.24 | 3.90 | 4.54 | 5.79 | 1.49 | 0.87 |
| Asset Turnover | — | 0.39 | 0.36 | 0.32 | 0.25 | 0.17 | 0.45 | 0.73 |
| Inventory Turnover | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 122.24 | 119.05 | 108.03 | 111.00 | 129.39 | 163.50 | 165.14 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Confluent, Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business.
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 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — |
| FCF Yield | 4.0% | 0.6% | 0.1% | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $344M | $322M | $301M | $280M | $272M | $252M | $252M |
Compare CFLT 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 |
|---|---|---|---|---|---|---|---|---|---|
| CFLTYou | $2B | -35.7 | — | 24.8 | 74.3% | -32.6% | -27.7% | -15.8% | — |
| PLTR | $313B | 217.8 | 216.8 | 149.2 | 82.4% | 31.6% | 25.8% | 22.3% | 0.2 |
| MDB | $27B | -189.9 | — | 221.5 | 73.3% | -10.8% | -6.7% | -8.6% | — |
| IOT | $8B | -103.2 | — | 70.0 | 76.1% | -15.2% | -15.6% | -15.8% | — |
| CLBT | $3B | 43.0 | 40.3 | 20.3 | 84.2% | 14.0% | 19.1% | 18.5% | 0.3 |
| TDC | $3B | 27.1 | 10.2 | 10.8 | 60.5% | 11.9% | 85.1% | 54.2% | 1.9 |
| KVYO | $3B | -158.3 | — | 12.8 | 74.7% | -5.5% | -2.8% | -22.2% | — |
| AVPT | $2B | 71.9 | 49.1 | 25.6 | 74.1% | 7.9% | 9.4% | 1143.3% | 0.3 |
| RAMP | $2B | -2245.5 | 59.2 | 11.1 | 71.0% | 0.7% | -0.1% | 0.7% | 1.6 |
| CGNT | $511M | -41.7 | 50.9 | 15.2 | 70.4% | -1.5% | -5.6% | -2.5% | 4.2 |
| VERI | $200M | -2.9 | — | — | 70.6% | -95.2% | -144.9% | -52.8% | — |
| Technology Median | — | 25.2 | 15.7 | 17.3 | 49.8% | -0.9% | 1.1% | 2.9% | 3.0 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 7 years · Updated daily
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Start ComparisonConfluent, Inc.'s current P/E ratio is -35.7x. This places it at the 50th percentile of its historical range.
Confluent, Inc.'s return on equity (ROE) is -27.7%. The historical average is -60.9%.
Based on historical data, Confluent, Inc. is trading at a P/E of -35.7x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Confluent, Inc. has 74.3% gross margin and -32.6% operating margin.