DLH Holdings Corp. (DLHC) Financial Ratios
30 years of historical data (1996–2025) · Industrials · Specialty Business Services
EV/EBITDA
↓
6.62
↓-14% vs avg
5yr avg: 7.66
30Y Low5.2·High40.9
P/FCF
↓
3.48
↓-96% vs avg
5yr avg: 97.36
30Y Low3.3·High66.5
P/B Ratio
↓
0.71
↓-56% vs avg
5yr avg: 1.61
30Y Low0.7·High12.7
ROE
↓
1.2%
↑-89% vs avg
5yr avg: 11.3%
30Y Low-115%·High50%
Debt/EBITDA
↑
4.27
↑+21% vs avg
5yr avg: 3.53
30Y Low0.1·High7.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
DLHC Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
DLH Holdings Corp. trades at 58.6x earnings, 34% above its 5-year average of 43.8x, sitting at the 89th percentile of its historical range. Compared to the Industrials sector median P/E of 25.5x, the stock trades at a premium of 130%. On a free-cash-flow basis, the stock trades at 3.5x P/FCF, 96% below the 5-year average of 97.4x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $80M | $82M | $135M | $168M | $174M | $167M | $95M | $58M | $74M | $80M | $53M |
| Enterprise Value | $225M | $227M | $299M | $360M | $213M | $209M | $185M | $110M | $75M | $79M | $53M |
| P/E Ratio → | 58.60 | 59.98 | 18.35 | 116.70 | 7.48 | 16.40 | 13.43 | 10.88 | 41.14 | 24.00 | 15.63 |
| P/S Ratio | 0.23 | 0.24 | 0.34 | 0.45 | 0.44 | 0.68 | 0.45 | 0.36 | 0.56 | 0.69 | 0.61 |
| P/B Ratio | 0.71 | 0.72 | 1.22 | 1.64 | 1.89 | 2.55 | 1.78 | 1.28 | 1.88 | 2.23 | 1.66 |
| P/FCF | 3.48 | 3.56 | 5.08 | 5.54 | 468.94 | 3.67 | 4.92 | 3.30 | 5.52 | 14.66 | 9.50 |
| P/OCF | 3.45 | 3.52 | 4.93 | 5.43 | 139.96 | 3.66 | 4.88 | 3.22 | 5.27 | 12.27 | 8.71 |
P/E links to full P/E history page with 30-year chart
DLHC EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
DLH Holdings Corp.'s enterprise value stands at 6.6x EBITDA, 14% below its 5-year average of 7.7x. The Industrials sector median is 13.8x, placing the stock at a 52% discount 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 | — | 0.66 | 0.76 | 0.96 | 0.54 | 0.85 | 0.88 | 0.69 | 0.56 | 0.68 | 0.62 |
| EV / EBITDA | 6.62 | 6.67 | 7.13 | 11.02 | 5.20 | 8.27 | 9.02 | 7.90 | 6.78 | 9.42 | 9.94 |
| EV / EBIT | 13.40 | 14.99 | 12.96 | 24.04 | 6.52 | 12.75 | 14.35 | 12.21 | 8.83 | 12.52 | 18.19 |
| EV / FCF | — | 9.86 | 11.28 | 11.84 | 573.75 | 4.60 | 9.56 | 6.24 | 5.57 | 14.42 | 9.52 |
DLHC Profitability
Margins and return-on-capital ratios measuring operating efficiency
DLH Holdings Corp. earns an operating margin of 4.9%, roughly in line with the Industrials sector average. ROE of 1.2% is modest, trailing the sector median of 8.2%. ROIC of 4.7% represents below-average returns on invested capital versus a sector median of 6.1%.
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 | 18.9% | 18.9% | 19.6% | 21.2% | 18.3% | 20.9% | 21.8% | 22.3% | 20.9% | 22.3% | 20.8% |
| Operating Margin | 4.9% | 4.9% | 6.3% | 4.5% | 8.4% | 7.0% | 6.4% | 6.2% | 6.6% | 5.7% | 4.7% |
| Net Profit Margin | 0.4% | 0.4% | 1.9% | 0.4% | 5.9% | 4.1% | 3.4% | 3.3% | 1.4% | 2.8% | 4.0% |
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 | 1.2% | 1.2% | 7.0% | 1.5% | 29.5% | 17.0% | 14.4% | 12.5% | 4.9% | 9.7% | 12.4% |
| ROA | 0.5% | 0.5% | 2.3% | 0.6% | 12.7% | 5.3% | 4.5% | 5.6% | 2.8% | 4.9% | 7.2% |
| ROIC | 4.7% | 4.7% | 6.6% | 6.0% | 20.9% | 10.3% | 8.4% | 10.9% | 17.7% | 15.0% | 12.4% |
| ROCE | 6.6% | 6.6% | 9.3% | 8.4% | 25.5% | 12.9% | 11.4% | 13.6% | 18.0% | 13.0% | 11.1% |
DLHC Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
DLH Holdings Corp. carries a Debt/EBITDA ratio of 4.3x, which is highly leveraged (33% above the sector average of 3.2x). Net debt stands at $145M ($145M total debt minus $125000 cash). Interest coverage of just 1.0x 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 | 1.28 | 1.28 | 1.50 | 1.87 | 0.42 | 1.01 | 1.70 | 1.18 | 0.18 | 0.10 | 0.11 |
| Debt / EBITDA | 4.27 | 4.27 | 3.93 | 5.87 | 0.96 | 2.62 | 4.44 | 3.85 | 0.63 | 0.43 | 0.67 |
| Net Debt / Equity | — | 1.28 | 1.49 | 1.87 | 0.42 | 0.64 | 1.68 | 1.14 | 0.02 | -0.04 | 0.00 |
| Net Debt / EBITDA | 4.26 | 4.26 | 3.92 | 5.86 | 0.95 | 1.67 | 4.38 | 3.72 | 0.05 | -0.16 | 0.03 |
| Debt / FCF | — | 6.30 | 6.20 | 6.30 | 104.81 | 0.93 | 4.64 | 2.94 | 0.04 | -0.24 | 0.02 |
| Interest Coverage | 1.00 | 1.00 | 1.34 | 0.92 | 14.73 | 4.34 | 3.61 | 3.61 | 7.88 | 5.46 | 3.90 |
DLHC Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 1.00x is below 1.0, meaning current liabilities exceed current assets.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.00 | 1.00 | 0.99 | 0.96 | 1.13 | 0.93 | 0.78 | 0.91 | 1.09 | 0.94 | 0.73 |
| Quick Ratio | 1.00 | 1.00 | 0.99 | 0.96 | 1.13 | 0.93 | 0.78 | 0.91 | 1.09 | 0.94 | 0.73 |
| Cash Ratio | 0.00 | 0.00 | 0.01 | 0.00 | 0.01 | 0.36 | 0.03 | 0.06 | 0.40 | 0.27 | 0.24 |
| Asset Turnover | — | 1.19 | 1.26 | 1.11 | 2.34 | 1.25 | 1.14 | 1.24 | 2.13 | 1.66 | 1.32 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 41.86 | 46.79 | 58.37 | 38.28 | 51.08 | 56.78 | 52.86 | 28.16 | 37.59 | 28.30 |
DLHC Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
DLH Holdings Corp. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 1.7% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
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 | — | — | — | — | — | — | — | — | — | — | — |
| 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 | 1.7% | 1.7% | 5.4% | 0.9% | 13.4% | 6.1% | 7.4% | 9.2% | 2.4% | 4.2% | 6.4% |
| FCF Yield | 28.7% | 28.1% | 19.7% | 18.1% | 0.2% | 27.2% | 20.3% | 30.3% | 18.1% | 6.8% | 10.5% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.2% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.2% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $14M | $14M | $14M | $14M | $14M | $13M | $13M | $13M | $12M | $11M |
Peer Comparison
Compare DLHC 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 |
|---|---|---|---|---|---|---|---|---|---|
 DLHCYou | $80M | 58.6 | 6.6 | 3.5 | 18.9% | 4.9% | 1.2% | 4.7% | 4.3 |
 SGBX | $32963 | -0.0 | — | — | -4.9% | -195.0% | — | -62569.3% | — |
 HCSG | $2B | 27.8 | 22.6 | 11.6 | 13.0% | 2.6% | 11.7% | 9.0% | 0.4 |
 VSEC | $5B | 85.5 | 31.5 | 863.1 | 11.9% | 11.2% | 4.4% | 5.9% | 2.1 |
 CRAI | $907M | 17.2 | 10.4 | 48.9 | 29.0% | 11.1% | 25.7% | 20.4% | 1.3 |
 ICFI | $1B | 13.0 | 8.3 | 9.7 | 34.1% | 8.1% | 9.1% | 7.2% | 2.7 |
 LDOS | $13B | 9.4 | 7.4 | 8.1 | 17.7% | 12.3% | 30.9% | 17.1% | 2.5 |
 SAIC | $4B | 13.1 | 10.1 | 7.4 | 12.1% | 7.2% | 23.3% | 9.9% | 4.0 |
 BAH | $8B | 9.2 | 8.7 | 8.0 | 20.9% | 9.8% | 80.7% | 18.6% | 3.3 |
 CACI | $10B | 20.1 | 13.7 | 20.6 | 8.9% | 8.9% | 13.5% | 9.2% | 3.5 |
 PSN | $5B | 22.1 | 11.6 | 12.7 | 22.5% | 6.6% | 9.1% | 8.6% | 2.8 |
| Industrials Median | — | 25.5 | 13.8 | 20.0 | 32.0% | 4.3% | 8.2% | 6.1% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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DLHC — Frequently Asked Questions
Quick answers to the most common questions about buying DLHC stock.
What is DLH Holdings Corp.'s P/E ratio?
DLH Holdings Corp.'s current P/E ratio is 58.6x. The historical average is 26.2x. This places it at the 89th percentile of its historical range.
What is DLH Holdings Corp.'s EV/EBITDA?
DLH Holdings Corp.'s current EV/EBITDA is 6.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.1x.
What is DLH Holdings Corp.'s ROE?
DLH Holdings Corp.'s return on equity (ROE) is 1.2%. The historical average is -5.8%.
Is DLHC stock overvalued?
Based on historical data, DLH Holdings Corp. is trading at a P/E of 58.6x. This is at the 89th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are DLH Holdings Corp.'s profit margins?
DLH Holdings Corp. has 18.9% gross margin and 4.9% operating margin.
How much debt does DLH Holdings Corp. have?
DLH Holdings Corp.'s Debt/EBITDA ratio is 4.3x, indicating high leverage. A ratio above 4x may signal elevated financial risk.