3 years of historical data (2023–2025) · Technology · Software - Application
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Figma, 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 9.7x P/FCF, 81% below the 5-year average of 51.2x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Market Cap | $2.4B | $12.6B | — | — |
| Enterprise Value | $2.0B | $12.3B | — | — |
| P/E Ratio → | -7.92 | — | — | — |
| P/S Ratio | 2.25 | 11.93 | — | — |
| P/B Ratio | 6.56 | 8.34 | — | — |
| P/FCF | 9.66 | 51.15 | — | — |
| P/OCF | 9.48 | 50.24 | — | — |
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 |
|---|---|---|---|---|
| EV / Revenue | — | 11.60 | — | — |
| EV / EBITDA | — | — | — | — |
| EV / EBIT | — | — | — | — |
| EV / FCF | — | 49.75 | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Figma, Inc. earns an operating margin of -122.2%. Operating margins have compressed from -14.5% to -122.2% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -88.2% indicates the company is currently destroying shareholder equity.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Gross Margin | 82.4% | 82.4% | 88.3% | 91.2% |
| Operating Margin | -122.2% | -122.2% | -117.1% | -14.5% |
| Net Profit Margin | -118.4% | -118.4% | -97.7% | 56.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| ROE | -88.2% | -88.2% | -61.9% | 27.4% |
| ROA | -142.3% | -142.3% | -43.1% | 17.8% |
| ROIC | -95.3% | -95.3% | -201.4% | — |
| ROCE | -482.4% | -482.4% | -73.0% | -7.0% |
Solvency and debt-coverage ratios — lower is generally safer
The company holds a net cash position — cash of $403M exceeds total debt of $58M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Debt / Equity | 0.04 | 0.04 | 0.02 | 0.01 |
| Debt / EBITDA | — | — | — | — |
| Net Debt / Equity | — | -0.23 | -0.35 | -1.20 |
| Net Debt / EBITDA | — | — | — | — |
| Debt / FCF | — | -1.40 | — | -1.21 |
| Interest Coverage | — | — | — | — |
Net cash position: cash ($403M) exceeds total debt ($58M)
Short-term solvency ratios and asset-utilisation metrics
Figma, Inc.'s current ratio of 2.58x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has declined from 2.82x to 2.58x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Current Ratio | 2.58 | 2.58 | 3.66 | 2.82 |
| Quick Ratio | 2.58 | 2.58 | 3.66 | 2.82 |
| Cash Ratio | 2.13 | 2.13 | 3.26 | 2.60 |
| Asset Turnover | — | — | 0.42 | 0.32 |
| Inventory Turnover | — | — | — | — |
| Days Sales Outstanding | — | — | 63.99 | 65.13 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Figma, Inc. returns 1.1% to shareholders annually primarily through share buybacks.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Dividend Yield | — | — | — | — |
| Payout Ratio | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Earnings Yield | — | — | — | — |
| FCF Yield | 10.4% | 2.0% | — | — |
| Buyback Yield | 1.1% | 0.2% | — | — |
| Total Shareholder Yield | 1.1% | 0.2% | — | — |
| Shares Outstanding | — | $337M | $448M | $487M |
Compare FIG with 7 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| FIGYou | $2B | -7.9 | — | 9.7 | 82.4% | -122.2% | -88.2% | -95.3% | — |
| CDNS | $82B | 74.2 | 43.4 | 51.6 | 85.6% | 31.1% | 21.9% | 25.9% | 1.3 |
| ADSK | $53B | 47.0 | 33.7 | 21.8 | 96.8% | 23.3% | 39.7% | 33.3% | 1.7 |
| PTC | $19B | 25.8 | 17.8 | 21.8 | 83.8% | 35.9% | 20.9% | 14.9% | 1.2 |
| BSY | $11B | 43.0 | 33.7 | 21.2 | 81.5% | 24.1% | 24.9% | 11.4% | 3.5 |
| PDFS | $1B | 337.8 | 310.7 | — | 69.8% | -0.3% | 1.7% | -0.3% | 1.3 |
| MTLS | $305M | 19.1 | 6.3 | 51.0 | 56.5% | 3.5% | 5.5% | 3.9% | 1.3 |
| SVCO | $103M | -2.2 | — | — | 79.8% | -67.5% | -72.0% | -66.3% | — |
| Technology Median | — | 25.2 | 15.7 | 17.3 | 49.8% | -0.9% | 1.1% | 2.9% | 3.0 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 3 years · Updated daily
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Start ComparisonFigma, Inc.'s current P/E ratio is -7.9x. This places it at the 50th percentile of its historical range.
Figma, Inc.'s return on equity (ROE) is -88.2%. The historical average is -40.9%.
Based on historical data, Figma, Inc. is trading at a P/E of -7.9x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Figma, Inc. has 82.4% gross margin and -122.2% operating margin.