Exponent, Inc. (EXPO) Financial Ratios
30 years of historical data (1996–2025) · Industrials · Consulting Services
EV/EBITDA
↓
20.50
↓-44% vs avg
5yr avg: 36.55
30Y Low4.1·High51.5
P/FCF
↓
22.90
↓-48% vs avg
5yr avg: 43.98
30Y Low5.5·High63.4
P/B Ratio
↓
7.47
↓-42% vs avg
5yr avg: 12.79
30Y Low0.8·High16.2
ROE
↑
26.1%
-5% vs avg
5yr avg: 27.5%
30Y Low-1%·High30%
Debt/EBITDA
↑
0.64
↑+81% vs avg
5yr avg: 0.35
30Y Low0.0·High3.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
EXPO Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Exponent, Inc. trades at 27.5x earnings, 41% below its 5-year average of 46.7x, sitting at the 59th percentile of its historical range. Compared to the Industrials sector median P/E of 25.6x, the stock trades at a premium of 7%. On a free-cash-flow basis, the stock trades at 22.9x P/FCF, 48% below the 5-year average of 44.0x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.8B | $3.6B | $4.6B | $4.5B | $5.2B | $6.2B | $4.8B | $3.8B | $2.7B | $1.9B | $1.6B |
| Enterprise Value | $2.7B | $3.5B | $4.4B | $4.4B | $5.0B | $5.9B | $4.6B | $3.6B | $2.6B | $1.8B | $1.5B |
| P/E Ratio → | 27.48 | 33.89 | 42.14 | 45.38 | 50.56 | 61.44 | 58.08 | 46.05 | 37.53 | 46.17 | 34.66 |
| P/S Ratio | 4.81 | 6.18 | 8.21 | 8.47 | 10.09 | 13.35 | 12.00 | 9.10 | 7.12 | 5.52 | 5.20 |
| P/B Ratio | 7.47 | 9.21 | 10.89 | 12.77 | 16.15 | 14.93 | 13.28 | 10.84 | 8.61 | 6.64 | 5.99 |
| P/FCF | 22.90 | 29.38 | 33.32 | 40.96 | 63.36 | 52.87 | 48.82 | 44.66 | 36.11 | 30.40 | 31.17 |
| P/OCF | 21.27 | 27.29 | 31.72 | 35.70 | 55.22 | 49.98 | 46.47 | 35.14 | 29.65 | 28.28 | 24.47 |
P/E links to full P/E history page with 30-year chart
EXPO EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Exponent, Inc.'s enterprise value stands at 20.5x EBITDA, 44% below its 5-year average of 36.5x. The Industrials sector median is 13.8x, placing the stock at a 48% premium 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 | — | 5.94 | 7.89 | 8.17 | 9.81 | 12.75 | 11.56 | 8.74 | 6.79 | 5.16 | 4.83 |
| EV / EBITDA | 20.50 | 26.61 | 34.10 | 36.49 | 34.06 | 51.49 | 51.30 | 39.65 | 26.36 | 22.90 | 22.39 |
| EV / EBIT | 22.23 | 23.46 | 36.87 | 39.41 | 35.77 | 54.56 | 55.54 | 42.82 | 28.18 | 24.90 | 24.60 |
| EV / FCF | — | 28.25 | 32.03 | 39.52 | 61.61 | 50.47 | 47.02 | 42.86 | 34.41 | 28.42 | 28.98 |
EXPO Profitability
Margins and return-on-capital ratios measuring operating efficiency
Exponent, Inc. earns an operating margin of 20.6%, significantly above the Industrials sector average of 4.3%. ROE of 26.1% indicates solid capital efficiency, compared to the sector median of 8.2%. ROIC of 36.3% represents excellent 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 | 25.0% | 25.0% | 25.5% | 25.3% | 32.0% | 26.6% | 24.0% | 93.8% | 93.4% | 94.8% | 95.0% |
| Operating Margin | 20.6% | 20.6% | 21.4% | 20.7% | 27.4% | 23.4% | 20.8% | 20.4% | 24.1% | 20.7% | 19.6% |
| Net Profit Margin | 18.2% | 18.2% | 19.5% | 18.7% | 19.9% | 21.7% | 20.6% | 19.8% | 19.0% | 11.9% | 15.1% |
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 | 26.1% | 26.1% | 28.1% | 29.6% | 27.7% | 26.0% | 23.2% | 24.8% | 24.0% | 14.7% | 17.7% |
| ROA | 13.4% | 13.4% | 15.3% | 16.3% | 16.1% | 15.8% | 14.3% | 16.0% | 15.9% | 9.8% | 12.0% |
| ROIC | 36.3% | 36.3% | 40.7% | 44.5% | 67.7% | 51.3% | 32.7% | 33.2% | 39.1% | 33.5% | 31.4% |
| ROCE | 19.2% | 19.2% | 21.8% | 24.4% | 29.4% | 21.6% | 18.2% | 21.0% | 25.5% | 21.5% | 19.6% |
EXPO Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Exponent, Inc. carries a Debt/EBITDA ratio of 0.6x, which is very conservative (80% below the sector average of 3.2x). The company holds a net cash position — cash of $222M exceeds total debt of $83M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.21 | 0.21 | 0.19 | 0.08 | 0.06 | 0.04 | 0.06 | 0.07 | — | — | — |
| Debt / EBITDA | 0.64 | 0.64 | 0.63 | 0.24 | 0.13 | 0.13 | 0.23 | 0.26 | — | — | — |
| Net Debt / Equity | — | -0.36 | -0.42 | -0.45 | -0.45 | -0.68 | -0.49 | -0.43 | -0.40 | -0.43 | -0.42 |
| Net Debt / EBITDA | -1.07 | -1.07 | -1.37 | -1.32 | -0.97 | -2.45 | -1.97 | -1.66 | -1.30 | -1.59 | -1.69 |
| Debt / FCF | — | -1.14 | -1.29 | -1.43 | -1.75 | -2.40 | -1.80 | -1.79 | -1.70 | -1.98 | -2.19 |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — |
Net cash position: cash ($222M) exceeds total debt ($83M)
EXPO Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Exponent, Inc.'s current ratio of 2.40x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 2.34x to 2.40x 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 | 2.40 | 2.40 | 2.74 | 2.34 | 2.20 | 2.96 | 3.13 | 2.94 | 3.32 | 3.39 | 3.42 |
| Quick Ratio | 2.40 | 2.40 | 2.74 | 2.34 | 2.20 | 2.96 | 3.13 | 2.94 | 3.32 | 3.39 | 3.42 |
| Cash Ratio | 1.25 | 1.25 | 1.59 | 1.16 | 1.02 | 1.95 | 2.07 | 1.87 | 2.12 | 2.11 | 2.17 |
| Asset Turnover | — | 0.72 | 0.72 | 0.83 | 0.87 | 0.68 | 0.67 | 0.74 | 0.81 | 0.79 | 0.78 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 113.83 | 105.48 | 113.80 | 120.97 | 109.48 | 101.83 | 105.11 | 101.76 | 115.55 | 101.26 |
EXPO Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Exponent, Inc. returns 5.6% to shareholders annually — split between a 2.1% dividend yield and 3.5% buyback yield. A payout ratio of 58.1% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 3.6% (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 | 2.1% | 1.7% | 1.3% | 1.2% | 1.0% | 0.7% | 0.8% | 0.9% | 1.0% | 1.1% | 1.1% |
| Payout Ratio | 58.1% | 58.1% | 53.4% | 53.9% | 48.1% | 42.7% | 48.2% | 40.6% | 37.7% | 52.9% | 39.6% |
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 | 3.6% | 3.0% | 2.4% | 2.2% | 2.0% | 1.6% | 1.7% | 2.2% | 2.7% | 2.2% | 2.9% |
| FCF Yield | 4.4% | 3.4% | 3.0% | 2.4% | 1.6% | 1.9% | 2.0% | 2.2% | 2.8% | 3.3% | 3.2% |
| Buyback Yield | 3.5% | 2.7% | 0.1% | 0.5% | 3.0% | 0.1% | 0.8% | 0.6% | 1.0% | 0.6% | 1.5% |
| Total Shareholder Yield | 5.6% | 4.4% | 1.4% | 1.7% | 4.0% | 0.8% | 1.7% | 1.5% | 2.0% | 1.8% | 2.6% |
| Shares Outstanding | — | $51M | $52M | $52M | $52M | $53M | $53M | $54M | $54M | $54M | $54M |
Peer Comparison
Compare EXPO 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 |
|---|---|---|---|---|---|---|---|---|---|
 EXPOYou | $3B | 27.5 | 20.5 | 22.9 | 25.0% | 20.6% | 26.1% | 36.3% | 0.6 |
 ICFI | $1B | 13.4 | 8.4 | 10.0 | 34.1% | 8.1% | 9.1% | 7.2% | 2.7 |
 CRAI | $896M | 17.0 | 10.3 | 48.3 | 29.0% | 11.1% | 25.7% | 20.4% | 1.3 |
 HCI | $2B | 6.6 | 2.2 | 4.8 | 73.2% | 47.7% | 37.8% | 675.0% | 0.2 |
 FORR | $128M | -1.1 | 8.2 | 7.1 | 53.3% | 0.5% | -67.0% | 0.8% | 4.3 |
 FCN | $4B | 17.7 | 10.2 | 28.0 | 32.1% | 10.9% | 13.6% | 15.9% | 1.3 |
 VRSK | $23B | 26.8 | 15.3 | 19.1 | 67.3% | 44.6% | 437.9% | 33.0% | 3.0 |
 EFX | $19B | 28.9 | 12.9 | 16.4 | 44.6% | 18.0% | 13.7% | 8.5% | 2.8 |
 ACN | $80B | 10.7 | 6.1 | 7.4 | 31.9% | 14.7% | 25.0% | 26.8% | 0.6 |
 BAH | $8B | 9.6 | 9.0 | 8.4 | 20.9% | 9.8% | 80.7% | 18.6% | 3.3 |
 SAIC | $4B | 13.3 | 10.2 | 7.5 | 12.1% | 7.2% | 23.3% | 9.9% | 4.0 |
| Industrials Median | — | 25.6 | 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 →
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Includes 30+ ratios · 30 years · Updated daily
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EXPO — Frequently Asked Questions
Quick answers to the most common questions about buying EXPO stock.
What is Exponent, Inc.'s P/E ratio?
Exponent, Inc.'s current P/E ratio is 27.5x. The historical average is 28.2x. This places it at the 59th percentile of its historical range.
What is Exponent, Inc.'s EV/EBITDA?
Exponent, Inc.'s current EV/EBITDA is 20.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 18.1x.
What is Exponent, Inc.'s ROE?
Exponent, Inc.'s return on equity (ROE) is 26.1%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 16.5%.
Is EXPO stock overvalued?
Based on historical data, Exponent, Inc. is trading at a P/E of 27.5x. This is at the 59th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Exponent, Inc.'s dividend yield?
Exponent, Inc.'s current dividend yield is 2.11% with a payout ratio of 58.1%.
What are Exponent, Inc.'s profit margins?
Exponent, Inc. has 25.0% gross margin and 20.6% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Exponent, Inc. have?
Exponent, Inc.'s Debt/EBITDA ratio is 0.6x, indicating low leverage. A ratio below 2x is generally considered financially healthy.