Latest Ratios: P/E Ratio 6.7x · EV/EBITDA 7.5x · ROE 53.2%. (2016–2025 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 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $624M | $1.0B | $733M | $408M | $466M | $456M | $1.0B | $885M | $71M | — | — |
| Enterprise Value | $531M | $927M | $634M | $372M | $442M | $429M | $989M | $839M | $29M | — | — |
| P/E Ratio → | 6.70 | 10.27 | 22.72 | — | — | — | — | — | — | — | — |
| P/S Ratio | 0.90 | 1.47 | 1.46 | 1.42 | 1.15 | 1.09 | 2.94 | 3.56 | 0.43 | — | — |
| P/B Ratio | 2.80 | 4.28 | 5.41 | 5.05 | 4.34 | 5.35 | 14.38 | 17.09 | 1.64 | — | — |
| P/FCF | 6.90 | 11.29 | 11.73 | — | — | 105.27 | 149.10 | 615.31 | — | — | — |
| P/OCF | 6.54 | 10.69 | 11.00 | — | — | 63.36 | 95.68 | 200.50 | — | — | — |
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 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.34 | 1.27 | 1.29 | 1.09 | 1.02 | 2.85 | 3.37 | 0.18 | — | — |
| EV / EBITDA | 7.54 | 13.16 | 16.94 | — | — | — | — | — | — | — | — |
| EV / EBIT | 7.97 | 14.99 | 18.64 | — | — | — | — | — | — | — | — |
| EV / FCF | — | 10.26 | 10.15 | — | — | 99.12 | 144.40 | 583.29 | — | — | — |
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 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 97.2% | 97.2% | 95.8% | 92.2% | 94.1% | 94.3% | 93.8% | 93.6% | 92.9% | 93.9% | 95.2% |
| Operating Margin | 9.6% | 9.6% | 6.3% | -18.1% | -6.1% | -5.2% | -3.4% | -3.2% | -8.5% | -3.7% | -0.3% |
| Net Profit Margin | 14.3% | 14.3% | 6.4% | -17.8% | -6.0% | -4.6% | -3.2% | -2.9% | -8.4% | -4.0% | -0.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 53.2% | 53.2% | 29.7% | -54.4% | -25.4% | -24.9% | -18.3% | -15.0% | -31.9% | — | — |
| ROA | 37.0% | 37.0% | 20.0% | -38.4% | -16.3% | -14.3% | -10.2% | -9.1% | -32.0% | -20.8% | -3.3% |
| ROIC | 54.8% | 54.8% | 58.1% | -60.8% | -26.3% | -33.8% | -39.4% | -166.2% | — | — | — |
| ROCE | 35.3% | 35.3% | 29.0% | -54.1% | -23.9% | -24.6% | -17.3% | -16.6% | -55.8% | -47.6% | -2.9% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.01 | 0.01 | 0.03 | 0.03 | 0.06 | 0.10 | 0.15 | — | — | — | — |
| Debt / EBITDA | 0.04 | 0.04 | 0.10 | — | — | — | — | — | — | — | 3.98 |
| Net Debt / Equity | — | -0.39 | -0.73 | -0.44 | -0.23 | -0.31 | -0.45 | -0.89 | -0.96 | — | — |
| Net Debt / EBITDA | -1.32 | -1.32 | -2.63 | — | — | — | — | — | — | — | -8.08 |
| Debt / FCF | — | -1.03 | -1.58 | — | — | -6.15 | -4.70 | -32.03 | — | — | -1.89 |
| Interest Coverage | — | — | — | — | — | — | — | — | -69.91 | -12.27 | -0.81 |
Net cash position: cash ($95M) exceeds total debt ($3M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.94 | 2.94 | 2.36 | 2.31 | 1.78 | 1.79 | 2.08 | 2.22 | 2.83 | 1.18 | 1.79 |
| Quick Ratio | 2.94 | 2.94 | 2.36 | 2.31 | 1.78 | 1.79 | 2.08 | 2.22 | 2.83 | 1.18 | 1.79 |
| Cash Ratio | 1.09 | 1.09 | 1.41 | 1.27 | 0.68 | 0.74 | 0.92 | 1.20 | 1.95 | 0.16 | 0.88 |
| Asset Turnover | — | 2.12 | 2.38 | 2.60 | 2.58 | 2.91 | 2.69 | 2.73 | 2.48 | 6.15 | 4.35 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | 46.96 | 32.36 | 38.96 | 39.20 | 52.52 | 47.26 | 39.01 | 42.48 | 36.32 |
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 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 14.9% | 9.7% | 4.4% | — | — | — | — | — | — | — | — |
| FCF Yield | 14.5% | 8.9% | 8.5% | — | — | 0.9% | 0.7% | 0.2% | — | — | — |
| Buyback Yield | 3.4% | 2.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 3.4% | 2.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $38M | $37M | $33M | $32M | $29M | $27M | $26M | $17M | $21M | $21M |
Includes 30+ ratios · 10 years · Updated daily
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10-year return with dividends reinvested.
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Quick answers to the most common questions about buying EVER stock.
EverQuote, Inc.'s current P/E ratio is 6.7x. The historical average is 16.5x.
EverQuote, Inc.'s current EV/EBITDA is 7.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 15.1x.
EverQuote, Inc.'s return on equity (ROE) is 53.2%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is -10.9%.
Based on historical data, EverQuote, Inc. is trading at a P/E of 6.7x. Compare with industry peers and growth rates for a complete picture.
EverQuote, Inc. has 97.2% gross margin and 9.6% operating margin.
EverQuote, Inc.'s Debt/EBITDA ratio is 0.0x, indicating low leverage. A ratio below 2x is generally considered financially healthy.
Key Metrics
Top Statement Risk
Carrier spend cyclicality and TCPA regulatory risk
Metrics are mathematically derived from official filings.
Gross Margin Masks TAC Reality
Gross margin reached 97.8% in Q2 2026, but operating margin of 12.0% reveals the true cost of traffic acquisition, per reported financials.
The 97.8% gross margin is technically accurate but excludes traffic acquisition costs (TAC), which are the primary cost of goods for this lead-generation model. Operating margin of 12.0% in Q2 2026, up from 1.9% in Q1 2024, indicates improving operating leverage as revenue scales faster than SG&A. However, the gap between gross and operating margins underscores the high variable cost structure, and investors should monitor whether TAC efficiency gains are sustainable or merely a function of the current carrier spending cycle.
ROIC Volatility Reflects Cyclicality
ROIC swung from 3.1% in Q1 2024 to 45.9% in Q3 2025, then settled at 12.6% in Q2 2026, per quarterly data.
The extreme volatility in ROIC, ranging from 3.1% to 45.9% over ten quarters, highlights the business's sensitivity to carrier marketing budgets. The recent stabilization around 12.6% suggests a more normalized environment, but the historical swings indicate that returns on capital are not yet compounding consistently. The capital-light model with minimal debt means ROIC is driven primarily by operating margins and asset turnover, both of which have improved, yet the cyclicality warrants caution in extrapolating current returns.
Working Capital Leverage via DPO
Days payable outstanding surged to 644 days in Q2 2026, while DSO fell to 19 days, indicating significant supplier leverage, per reported figures.
The dramatic increase in DPO from 454 days in Q1 2024 to 644 days in Q2 2026 suggests EverQuote is stretching payments to suppliers, likely reflecting its scale and bargaining power. Meanwhile, DSO has compressed from 34 days to 19 days, indicating faster collection from customers. This combination results in a negative cash conversion cycle, which is a source of working capital financing. However, the extreme DPO levels may not be sustainable and could normalize, potentially impacting cash flow if suppliers tighten terms.
Minimal Debt, Ample Flexibility
Debt-to-equity stands at 0.01 with D/EBITDA of 0.08, reflecting a virtually debt-free balance sheet, as reported in Q2 2026.
EverQuote's leverage is negligible, with total debt of only $1.9M against a market cap of over $1B. This fortress-like balance sheet provides substantial flexibility to weather downturns in carrier spending or to invest in growth initiatives. Interest coverage is not a concern given the minimal debt, but the company's reliance on operating cash flow to fund growth means that a prolonged carrier pullback could strain liquidity despite the low leverage.
Cash Buffer Shields Against Cyclicality
Current ratio improved to 3.33 in Q2 2026, with cash of $192.3M representing 56% of total assets, per latest balance sheet.
The current ratio of 3.33 and quick ratio of 3.33 indicate a strong liquidity position, with no inventory dependence. Cash reserves of $192.3M provide a substantial buffer against the volatility of carrier marketing budgets, which can swing sharply with the underwriting cycle. This liquidity cushion suggests EverQuote can sustain operations through a downturn without needing external financing, though the accumulation of cash may also signal limited high-return reinvestment opportunities.
Misapplied Metric: Gross Margin
Gross margin is the most misapplied metric for EverQuote, as it excludes traffic acquisition costs, the true cost of goods, per financial statements.
Analysts often cite EverQuote's 97%+ gross margin as evidence of a highly profitable software-like model, but this is misleading because TAC is the largest expense and is buried in operating expenses. The appropriate metric is Variable Marketing Margin (VMM), which subtracts TAC from revenue, or operating margin, which captures the full cost structure. Using gross margin overstates the underlying economics and can lead to overvaluation, especially when carrier spending cycles turn. Investors should focus on operating margin trends and VMM to assess true earning power.