Flywire Corporation (FLYW) Financial Ratios
7 years of historical data (2019–2025) · Technology · Information Technology Services
EV/EBITDA
↓
37.58
↓-70% vs avg
5yr avg: 127.30
30Y Low39.6·High39.6
P/FCF
↓
17.54
↓-85% vs avg
5yr avg: 117.79
30Y Low18.3·High35.6
P/B Ratio
↓
2.22
↓-51% vs avg
5yr avg: 4.54
30Y Low2.2·High8.4
ROE
↑
1.6%
↓+138% vs avg
5yr avg: -4.3%
30Y Low-14%·High2%
Debt/EBITDA
N/A
—
5yr avg: 0.17
30Y Low0.2·High0.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
FLYW Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Flywire Corporation trades at 132.1x earnings, 75% below its 5-year average of 524.6x, sitting at the 100th percentile of its historical range. Compared to the Technology sector median P/E of 26.7x, the stock trades at a premium of 394%. On a free-cash-flow basis, the stock trades at 17.5x P/FCF, 85% below the 5-year average of 117.8x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.7B | $1.8B | $2.7B | $2.7B | $2.6B | $4.1B | — | — |
| Enterprise Value | $1.4B | $1.5B | $2.2B | $2.0B | $2.3B | $3.7B | — | — |
| P/E Ratio → | 132.09 | 128.73 | 920.54 | — | — | — | — | — |
| P/S Ratio | 2.78 | 2.90 | 5.42 | 6.59 | 9.13 | 20.14 | — | — |
| P/B Ratio | 2.22 | 2.17 | 3.27 | 3.38 | 5.48 | 8.40 | — | — |
| P/FCF | 17.54 | 18.30 | 29.45 | 35.63 | — | 387.79 | — | — |
| P/OCF | 17.31 | 18.06 | 29.16 | 32.97 | 541.23 | 236.48 | — | — |
P/E links to full P/E history page with 30-year chart
FLYW EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Flywire Corporation's enterprise value stands at 37.6x EBITDA, 70% below its 5-year average of 127.3x. The Technology sector median is 17.5x, placing the stock at a 115% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.37 | 4.42 | 4.97 | 7.93 | 18.35 | — | — |
| EV / EBITDA | 37.58 | 39.58 | 215.02 | — | — | — | — | — |
| EV / EBIT | 124.27 | 0.42 | 906.36 | — | — | — | — | — |
| EV / FCF | — | 14.96 | 24.00 | 26.87 | — | 353.38 | — | — |
FLYW Profitability
Margins and return-on-capital ratios measuring operating efficiency
Flywire Corporation earns an operating margin of 1.8%. Operating margins have expanded from -5.3% to 1.8% over the past 3 years, signaling improving operational efficiency. ROE of 1.6% is modest. ROIC of 2.1% represents below-average returns on invested capital.
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 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 61.4% | 61.4% | 63.9% | 63.4% | 62.7% | 65.1% | 63.7% | 61.3% |
| Operating Margin | 1.8% | 1.8% | -1.5% | -5.3% | -10.4% | -6.6% | -12.0% | -18.4% |
| Net Profit Margin | 2.2% | 2.2% | 0.6% | -2.1% | -13.6% | -14.0% | -8.4% | -21.2% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | 1.6% | 1.6% | 0.4% | -1.4% | -8.2% | -14.0% | — | — |
| ROA | 1.1% | 1.1% | 0.3% | -1.0% | -6.0% | -6.2% | -5.4% | -14.3% |
| ROIC | 2.1% | 2.1% | -2.4% | -12.1% | -17.6% | -8.1% | — | — |
| ROCE | 1.3% | 1.3% | -0.9% | -3.3% | -5.9% | -3.8% | -13.1% | -30.0% |
FLYW Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
The company holds a net cash position — cash of $330M exceeds total debt of $0, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. 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 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | 0.00 | 0.00 | 0.00 | 0.05 | — | — |
| Debt / EBITDA | — | — | 0.17 | — | — | — | — | — |
| Net Debt / Equity | — | -0.40 | -0.61 | -0.83 | -0.72 | -0.75 | — | — |
| Net Debt / EBITDA | -8.84 | -8.84 | -48.82 | — | — | — | — | — |
| Debt / FCF | — | -3.34 | -5.45 | -8.75 | — | -34.40 | — | -188.90 |
| Interest Coverage | 1.01 | 1.01 | 4.46 | -10.70 | -29.85 | -11.83 | -6.22 | -6.96 |
Net cash position: cash ($330M) exceeds total debt ($0)
FLYW Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.50x means Flywire Corporation can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 2.98x to 1.50x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.50 | 1.50 | 2.63 | 2.98 | 2.54 | 3.78 | 1.68 | 1.31 |
| Quick Ratio | 1.50 | 1.50 | 2.63 | 2.98 | 2.54 | 3.78 | 1.68 | 1.31 |
| Cash Ratio | 0.88 | 0.88 | 2.11 | 2.39 | 1.97 | 3.28 | 1.18 | 1.04 |
| Asset Turnover | — | 0.50 | 0.44 | 0.37 | 0.43 | 0.31 | 0.49 | 0.67 |
| Inventory Turnover | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 123.47 | 95.87 | 129.35 | 103.35 | 80.92 | 99.02 | 74.77 |
FLYW Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Flywire Corporation returns 4.5% to shareholders annually primarily through share buybacks. The earnings yield of 0.8% (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 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 0.8% | 0.8% | 0.1% | — | — | — | — | — |
| FCF Yield | 5.7% | 5.5% | 3.4% | 2.8% | — | 0.3% | — | — |
| Buyback Yield | 4.5% | 4.3% | 1.6% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 4.5% | 4.3% | 1.6% | 0.0% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $128M | $129M | $115M | $108M | $106M | $101M | $101M |
Peer Comparison
Compare FLYW 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 |
|---|---|---|---|---|---|---|---|---|---|
 FLYWYou | $2B | 132.1 | 37.6 | 17.5 | 61.4% | 1.8% | 1.6% | 2.1% | — |
 EVTC | $2B | 12.8 | 1.5 | 0.0 | 50.1% | 21.1% | 61.6% | 31.7% | 2.0 |
 PAYO | $2B | 25.8 | 7.1 | 8.2 | 78.1% | 11.8% | 10.2% | 30.7% | 0.4 |
 CWAN | $7B | -172.8 | — | 39.9 | 67.3% | -1.1% | -2.5% | -0.3% | — |
 ALKT | $2B | -36.6 | — | 43.6 | 57.8% | -12.1% | -13.3% | -8.6% | — |
 WEX | $5B | 17.4 | 9.0 | 16.3 | 54.9% | 25.4% | 22.3% | 9.6% | 4.8 |
 RPAY | $314M | -1.2 | 7.1 | 3.5 | 75.0% | -3.9% | -40.9% | -1.0% | 4.9 |
 PRAA | $834M | -2.7 | 1.8 | — | 99.2% | 33.9% | -27.3% | 11.2% | 0.1 |
 FOUR | $4B | 13.5 | 10.0 | 12.1 | 29.2% | 7.4% | 24.3% | 7.6% | 5.3 |
 IIIV | $495M | 40.0 | 13.7 | 131.9 | 55.7% | 1.9% | 3.5% | 0.6% | 0.2 |
 V | $618B | 31.6 | 24.7 | 28.6 | 80.4% | 60.0% | 52.1% | 29.2% | 1.0 |
| Technology Median | — | 26.7 | 17.5 | 19.5 | 48.9% | -0.6% | 2.5% | 3.0% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 7 years · Updated daily
See FLYW's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs FLYW Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare FLYW vs EVTC
Side-by-side business, growth, and profitability comparison vs EVERTEC, Inc..
Start ComparisonFLYW — Frequently Asked Questions
Quick answers to the most common questions about buying FLYW stock.
What is Flywire Corporation's P/E ratio?
Flywire Corporation's current P/E ratio is 132.1x. The historical average is 128.7x. This places it at the 100th percentile of its historical range.
What is Flywire Corporation's EV/EBITDA?
Flywire Corporation's current EV/EBITDA is 37.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 39.6x.
What is Flywire Corporation's ROE?
Flywire Corporation's return on equity (ROE) is 1.6%. The historical average is -4.3%.
Is FLYW stock overvalued?
Based on historical data, Flywire Corporation is trading at a P/E of 132.1x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Flywire Corporation's profit margins?
Flywire Corporation has 61.4% gross margin and 1.8% operating margin.