Latest Ratios: P/E Ratio -2.6x · EV/EBITDA N/A · ROE -55.6%. (2021–2025 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 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Market Cap | $2.1B | $3.4B | $5.8B | — | — | — |
| Enterprise Value | $2.8B | $4.2B | $5.6B | — | — | — |
| P/E Ratio → | -2.65 | — | — | — | — | — |
| P/S Ratio | 558.03 | 915.13 | 1598.43 | — | — | — |
| P/B Ratio | 1.15 | 2.05 | 6.33 | — | — | — |
| P/FCF | 144.88 | 237.59 | — | — | — | — |
| P/OCF | 139.25 | 228.35 | — | — | — | — |
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 |
|---|---|---|---|---|---|---|
| EV / Revenue | — | 1128.44 | 1555.05 | — | — | — |
| EV / EBITDA | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — |
| EV / FCF | — | 292.96 | — | — | — | — |
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 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Gross Margin | 54.5% | 54.5% | 82.9% | 96.0% | 96.3% | — |
| Operating Margin | -15560.8% | -15560.8% | -5140.9% | -386.5% | -1580.9% | — |
| Net Profit Margin | -19313.0% | -19313.0% | -11077.3% | -1408.6% | 3435.8% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| ROE | -55.6% | -55.6% | -94.7% | — | — | — |
| ROA | -37.7% | -37.7% | -85.1% | -797.1% | 331.4% | -307.0% |
| ROIC | -27.0% | -27.0% | -38.1% | — | — | — |
| ROCE | -41.2% | -41.2% | -43.3% | — | -458.8% | -34.8% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Debt / Equity | 0.58 | 0.58 | 0.01 | — | — | — |
| Debt / EBITDA | — | — | — | — | — | — |
| Net Debt / Equity | — | 0.48 | -0.17 | — | — | — |
| Net Debt / EBITDA | — | — | — | — | — | — |
| Debt / FCF | — | 55.38 | — | — | — | — |
| Interest Coverage | -25.03 | -25.03 | -128.74 | -0.48 | 25.78 | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Current Ratio | 1.23 | 1.23 | 45.33 | 0.05 | 0.55 | 21.16 |
| Quick Ratio | 1.23 | 1.23 | 45.33 | 0.05 | 0.55 | 21.16 |
| Cash Ratio | 1.22 | 1.22 | 44.90 | 0.04 | 0.50 | 20.66 |
| Asset Turnover | — | 0.00 | 0.00 | 1.23 | 0.13 | — |
| Inventory Turnover | — | — | — | — | — | — |
| Days Sales Outstanding | — | 24.23 | 1.75 | 7.16 | 126.04 | — |
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 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — |
| FCF Yield | 0.7% | 0.4% | — | — | — | — |
| Buyback Yield | 2.6% | 1.6% | 0.1% | — | — | — |
| Total Shareholder Yield | 2.6% | 1.6% | 0.1% | — | — | — |
| Shares Outstanding | — | $255M | $170M | $100M | $100M | $100M |
Extreme key man dependency
As reported in financial statements, the company trades at a price-to-sales ratio of 558.03, a figure that appears entirely disconnected from the firm's stagnant revenue growth and suggests that market participants are pricing the equity based on political sentiment rather than traditional discounted cash flow metrics.
The extreme P/S multiple indicates that investors are not valuing the company as a traditional communication services firm, but rather as a speculative vehicle. This valuation level implies an expectation of explosive future growth that is not currently supported by the company's operational trajectory or its limited advertiser base.
Based on the provided quarterly data, the company's ROIC has consistently remained in negative territory, reaching -1.7% in 2026Q1, which highlights a fundamental inability to generate returns on invested capital that exceed the cost of maintaining the platform's specialized infrastructure and high administrative overhead.
The persistent negative ROIC suggests that the company is currently destroying shareholder value with every dollar of capital deployed. Without a significant pivot toward scalable monetization, the firm appears unlikely to achieve the positive compounding returns necessary to justify its current capital structure.
According to recent SEC filings, the company's DSO has fluctuated wildly, reaching 228 days in 2026Q1, which suggests significant friction in the collection of advertising receivables and points to potential structural weaknesses in the firm's ability to convert its niche user engagement into timely cash inflows.
The extreme volatility in DSO compared to industry standards implies that the company lacks the leverage to enforce standard payment terms with its limited advertiser pool. This inefficiency in the cash conversion cycle places additional pressure on the firm's liquidity, as it must fund operations while waiting for extended payment cycles to resolve.
As evidenced by the compression of the current ratio from over 130.0 in 2025Q2 to 1.07 in 2026Q1, the company's immediate liquidity position has deteriorated rapidly, leaving the firm with a narrowing margin of safety to cover its ongoing operating expenses and regulatory compliance costs.
The rapid decline in the current ratio suggests that the company is consuming its cash reserves at an unsustainable pace to offset persistent operating losses. Investors should monitor whether this liquidity trend forces the company to seek dilutive financing or further leverage to maintain its current operational footprint.
The most commonly misapplied metric for this business model is the price-to-earnings ratio, which, at -2.65, obscures the fact that the company is currently in a pre-profitability phase where net income is heavily distorted by non-operating items and significant stock-based compensation expenses.
Using P/E to evaluate a firm with negative margins and high non-operating volatility is fundamentally flawed, as it provides no insight into the underlying unit economics of the platform. Analysts should instead focus on core operating cash flow and user-level monetization metrics to better understand the firm's actual progress toward self-sustaining operations.
Includes 30+ ratios · 5 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying DJT stock.
Trump Media & Technology Group Corp.'s current P/E ratio is -2.6x. This places it at the 50th percentile of its historical range.
Trump Media & Technology Group Corp.'s return on equity (ROE) is -55.6%. The historical average is -75.1%.
Based on historical data, Trump Media & Technology Group Corp. is trading at a P/E of -2.6x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Trump Media & Technology Group Corp. has 54.5% gross margin and -15560.8% operating margin.