Corsair Gaming, Inc. (CRSR) Financial Ratios
10 years of historical data (2016–2025) · Technology · Computer Hardware
EV/EBITDA
↓
17.41
↓-85% vs avg
5yr avg: 117.92
30Y Low11.6·High26.0
P/FCF
↓
27.53
↓-58% vs avg
5yr avg: 64.95
30Y Low18.1·High32.6
P/B Ratio
↓
1.47
↓-26% vs avg
5yr avg: 1.99
30Y Low1.0·High7.6
ROE
↓
-2.0%
↑-138% vs avg
5yr avg: -0.8%
30Y Low-13%·High90%
Debt/EBITDA
↑
2.16
↓-93% vs avg
5yr avg: 32.48
30Y Low1.6·High8.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
CRSR Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Corsair Gaming, 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 27.5x P/FCF, 58% below the 5-year average of 64.9x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $957M | $630M | $689M | $1.5B | $1.3B | $2.1B | $3.3B | — | — | — | — |
| Enterprise Value | $979M | $652M | $819M | $1.6B | $1.5B | $2.3B | $3.5B | — | — | — | — |
| P/E Ratio → | -74.58 | — | — | 470.00 | — | 20.80 | 31.77 | — | — | — | — |
| P/S Ratio | 0.65 | 0.43 | 0.52 | 1.03 | 0.95 | 1.10 | 1.96 | — | — | — | — |
| P/B Ratio | 1.47 | 0.98 | 1.11 | 2.16 | 1.99 | 3.70 | 7.61 | — | — | — | — |
| P/FCF | 27.53 | 18.12 | 26.45 | 19.62 | 32.60 | 227.93 | 20.82 | — | — | — | — |
| P/OCF | 19.09 | 12.56 | 19.19 | 16.81 | 19.68 | 104.06 | 19.71 | — | — | — | — |
P/E links to full P/E history page with 30-year chart
CRSR EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Corsair Gaming, Inc.'s enterprise value stands at 17.4x EBITDA, 85% below its 5-year average of 117.9x. This is roughly in line with the Technology sector median of 16.7x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.44 | 0.62 | 1.08 | 1.05 | 1.23 | 2.08 | — | — | — | — |
| EV / EBITDA | 17.41 | 11.60 | 421.28 | 25.99 | — | 12.83 | 17.60 | — | — | — | — |
| EV / EBIT | 471.75 | — | — | 112.57 | — | 18.43 | 23.18 | — | — | — | — |
| EV / FCF | — | 18.78 | 31.45 | 20.54 | 36.20 | 254.60 | 22.18 | — | — | — | — |
CRSR Profitability
Margins and return-on-capital ratios measuring operating efficiency
Corsair Gaming, Inc. earns an operating margin of 0.1%. A negative ROE of -2.0% indicates the company is currently destroying shareholder equity. ROIC of 0.2% 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 | 28.9% | 28.9% | 24.9% | 24.7% | 21.6% | 27.0% | 27.3% | 20.4% | 20.6% | 21.5% | 22.7% |
| Operating Margin | 0.1% | 0.1% | -3.8% | 0.7% | -4.0% | 7.2% | 9.3% | 2.2% | 2.3% | 5.7% | 6.8% |
| Net Profit Margin | -0.8% | -0.8% | -6.5% | -0.2% | -4.0% | 5.3% | 6.1% | -0.8% | -1.5% | 1.4% | 4.9% |
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 | -2.0% | -2.0% | -13.0% | -0.4% | -8.9% | 20.1% | 31.6% | -4.4% | -6.6% | 8.3% | 89.8% |
| ROA | -1.0% | -1.0% | -6.6% | -0.2% | -4.1% | 7.6% | 8.7% | -0.9% | -1.8% | 2.4% | 12.2% |
| ROIC | 0.2% | 0.2% | -4.9% | 0.9% | -5.1% | 14.1% | 17.9% | 2.9% | 3.0% | 12.8% | 55.8% |
| ROCE | 0.2% | 0.2% | -5.6% | 1.0% | -5.9% | 16.2% | 20.2% | 3.5% | 3.7% | 14.4% | 40.7% |
CRSR Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Corsair Gaming, Inc. carries a Debt/EBITDA ratio of 2.2x, which is manageable (27% below the sector average of 2.9x). Net debt stands at $23M ($121M total debt minus $99M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.19 | 0.19 | 0.38 | 0.36 | 0.45 | 0.54 | 0.80 | 2.33 | 2.60 | 1.13 | 2.19 |
| Debt / EBITDA | 2.16 | 2.16 | 122.00 | 4.08 | — | 1.68 | 1.73 | 8.26 | 7.24 | 4.53 | 1.62 |
| Net Debt / Equity | — | 0.04 | 0.21 | 0.10 | 0.22 | 0.43 | 0.50 | 2.11 | 2.44 | 1.06 | 0.68 |
| Net Debt / EBITDA | 0.40 | 0.40 | 66.92 | 1.17 | — | 1.34 | 1.08 | 7.48 | 6.80 | 4.23 | 0.50 |
| Debt / FCF | — | 0.65 | 5.00 | 0.93 | 3.59 | 26.67 | 1.37 | 16.30 | — | — | 0.85 |
| Interest Coverage | -0.30 | -0.30 | -3.67 | 0.80 | -5.67 | 9.97 | 4.93 | 0.62 | 0.67 | — | — |
CRSR Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.54x means Corsair Gaming, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 0.84x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 1.70x to 1.54x 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 | 1.54 | 1.54 | 1.57 | 1.70 | 1.82 | 1.58 | 1.37 | 1.43 | 1.44 | 1.68 | 1.66 |
| Quick Ratio | 0.84 | 0.84 | 0.92 | 1.13 | 1.25 | 0.91 | 0.92 | 0.93 | 0.76 | 0.94 | 0.99 |
| Cash Ratio | 0.23 | 0.23 | 0.27 | 0.42 | 0.44 | 0.14 | 0.26 | 0.16 | 0.12 | 0.12 | 0.35 |
| Asset Turnover | — | 1.17 | 1.07 | 1.08 | 1.06 | 1.42 | 1.30 | 1.04 | 1.16 | 1.17 | 2.50 |
| Inventory Turnover | 3.45 | 3.45 | 3.80 | 4.58 | 5.60 | 4.66 | 5.47 | 5.78 | 5.00 | 5.91 | 4.93 |
| Days Sales Outstanding | — | 57.98 | 60.63 | 63.32 | 62.55 | 55.84 | 62.96 | 67.31 | 47.51 | 51.28 | 50.22 |
CRSR Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Corsair Gaming, 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 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | 0.8% | — | 0.3% | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
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 | — | — | — | 0.2% | — | 4.8% | 3.1% | — | — | — | — |
| FCF Yield | 3.6% | 5.5% | 3.8% | 5.1% | 3.1% | 0.4% | 4.8% | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.8% | 0.0% | 0.3% | 0.0% | 0.0% | — | — | — | — |
| Shares Outstanding | — | $106M | $104M | $106M | $96M | $100M | $92M | $92M | $151M | $150M | $92M |
Peer Comparison
Compare CRSR 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 |
|---|---|---|---|---|---|---|---|---|---|
 CRSRYou | $957M | -74.6 | 17.4 | 27.5 | 28.9% | 0.1% | -2.0% | 0.2% | 2.2 |
 LOGI | $15B | 22.4 | 17.7 | 15.8 | 43.2% | 16.0% | 32.7% | 97.8% | — |
 SMCI | $18B | 18.3 | 13.7 | 12.0 | 11.1% | 5.7% | 17.9% | 15.9% | 3.6 |
 GPRO | $135M | -1.3 | — | — | 33.6% | -9.2% | -81.9% | -32.1% | — |
 MSI | $66B | 31.0 | 21.9 | 25.5 | 50.2% | 25.1% | 103.9% | 25.6% | 2.9 |
 SONO | $2B | -28.8 | 140.0 | 16.4 | 43.7% | -3.5% | -15.6% | -13.4% | 5.0 |
 KOSS | $38M | -43.1 | — | — | 37.8% | -13.8% | -2.8% | -4.2% | — |
 NVDA | $5.1T | 43.0 | 38.3 | 52.8 | 71.1% | 60.4% | 101.5% | 81.8% | 0.1 |
 AMD | $876B | 202.8 | 130.6 | 130.1 | 49.5% | 10.7% | 7.2% | 4.7% | 0.7 |
 INTC | $673B | -2274.9 | 60.4 | — | 34.8% | -0.0% | -0.2% | -0.0% | 4.0 |
 WDC | $253B | 145.7 | 91.9 | 197.0 | 38.8% | 24.5% | 23.1% | 13.8% | 1.8 |
| Technology Median | — | 29.0 | 16.7 | 19.2 | 48.8% | 0.2% | 1.6% | 2.7% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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CRSR — Frequently Asked Questions
Quick answers to the most common questions about buying CRSR stock.
What is Corsair Gaming, Inc.'s P/E ratio?
Corsair Gaming, Inc.'s current P/E ratio is -74.6x. The historical average is 26.3x.
What is Corsair Gaming, Inc.'s EV/EBITDA?
Corsair Gaming, Inc.'s current EV/EBITDA is 17.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 17.0x.
What is Corsair Gaming, Inc.'s ROE?
Corsair Gaming, Inc.'s return on equity (ROE) is -2.0%. The historical average is 11.4%.
Is CRSR stock overvalued?
Based on historical data, Corsair Gaming, Inc. is trading at a P/E of -74.6x. Compare with industry peers and growth rates for a complete picture.
What are Corsair Gaming, Inc.'s profit margins?
Corsair Gaming, Inc. has 28.9% gross margin and 0.1% operating margin.
How much debt does Corsair Gaming, Inc. have?
Corsair Gaming, Inc.'s Debt/EBITDA ratio is 2.2x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.