11 years of historical data (2014–2024) · 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
Freshworks 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 16.3x P/FCF, 98% below the 5-year average of 1069.7x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.4B | $4.9B | $6.9B | $4.2B | $7.2B | — | — | — | — | — | — |
| Enterprise Value | $1.8B | $4.3B | $6.4B | $3.9B | $6.5B | — | — | — | — | — | — |
| P/E Ratio → | -24.44 | — | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 3.29 | 6.75 | 11.54 | 8.41 | 19.50 | — | — | — | — | — | — |
| P/B Ratio | 2.07 | 4.28 | 6.42 | 3.98 | 5.84 | — | — | — | — | — | — |
| P/FCF | 16.25 | 33.32 | 88.45 | — | 3087.40 | — | — | — | — | — | — |
| P/OCF | 14.77 | 30.28 | 79.89 | — | 631.22 | — | — | — | — | — | — |
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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 5.94 | 10.77 | 7.87 | 17.48 | — | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | 29.34 | 82.56 | — | 2768.21 | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Freshworks Inc. earns an operating margin of -19.2%. Operating margins have expanded from -46.9% to -19.2% over the past 3 years, signaling improving operational efficiency. A negative ROE of -8.6% indicates the company is currently destroying shareholder equity.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 84.3% | 84.3% | 82.7% | 80.8% | 79.0% | 79.0% | 78.8% | 83.9% | 78.1% | 77.7% | 77.9% |
| Operating Margin | -19.2% | -19.2% | -28.5% | -46.9% | -55.2% | -22.5% | -17.2% | 8.9% | -12.0% | 7.6% | 13.0% |
| Net Profit Margin | -13.2% | -13.2% | -23.0% | -46.6% | -51.7% | -22.9% | -18.1% | 3.4% | -0.0% | 2.1% | 4.1% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -8.6% | -8.6% | -12.9% | -20.3% | -15.5% | — | — | 4.3% | -0.0% | 2.7% | 5.2% |
| ROA | -6.2% | -6.2% | -9.7% | -16.2% | -20.8% | -16.6% | -10.9% | 1.8% | -0.0% | 1.0% | 1.8% |
| ROIC | -17.8% | -17.8% | -18.3% | -27.5% | -31.3% | — | — | 4.6% | -5.3% | 3.5% | 5.8% |
| ROCE | -11.9% | -11.9% | -15.2% | -19.7% | -27.8% | -25.6% | -13.6% | 5.2% | -6.1% | 3.8% | 6.3% |
Solvency and debt-coverage ratios — lower is generally safer
The company holds a net cash position — cash of $620M exceeds total debt of $38M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.03 | 0.03 | 0.03 | 0.03 | — | — | — | 0.83 | 0.93 | 1.07 | 1.14 |
| Debt / EBITDA | — | — | — | — | — | — | — | 4.43 | — | 4.97 | 4.33 |
| Net Debt / Equity | — | -0.51 | -0.43 | -0.26 | -0.60 | — | — | 0.77 | 0.91 | 1.05 | 1.07 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | 4.12 | — | 4.88 | 4.06 |
| Debt / FCF | — | -3.99 | -5.89 | — | -319.19 | -4.06 | — | 7.89 | 8.07 | — | 7.82 |
| Interest Coverage | — | — | — | — | — | — | — | 2.16 | -2.81 | — | — |
Net cash position: cash ($620M) exceeds total debt ($38M)
Short-term solvency ratios and asset-utilisation metrics
Freshworks Inc.'s current ratio of 3.10x 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 4.63x to 3.10x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.10 | 3.10 | 4.14 | 4.63 | 6.36 | 2.05 | 2.81 | 0.37 | 0.34 | 0.57 | 0.78 |
| Quick Ratio | 3.10 | 3.10 | 4.14 | 4.63 | 6.36 | 2.05 | 2.81 | 0.35 | 0.31 | 0.53 | 0.75 |
| Cash Ratio | 2.62 | 2.62 | 3.63 | 4.22 | 5.93 | 1.56 | 2.27 | 0.18 | 0.08 | 0.09 | 0.28 |
| Asset Turnover | — | 0.45 | 0.41 | 0.36 | 0.25 | 0.68 | 0.54 | 0.51 | 0.48 | 0.46 | 0.44 |
| Inventory Turnover | 37.19 | — | — | — | — | — | — | 37.19 | 36.10 | 30.91 | 30.65 |
| Days Sales Outstanding | — | 62.27 | 59.47 | 53.70 | 50.92 | 50.10 | 51.44 | 10.29 | 11.65 | 15.33 | 15.01 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Freshworks Inc. returns 0.6% to shareholders annually primarily through share buybacks.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — | — | — |
| FCF Yield | 6.2% | 3.0% | 1.1% | — | 0.0% | — | — | — | — | — | — |
| Buyback Yield | 0.6% | 0.3% | 0.0% | 0.0% | 0.0% | — | — | — | — | — | — |
| Total Shareholder Yield | 0.6% | 0.3% | 0.0% | 0.0% | 0.0% | — | — | — | — | — | — |
| Shares Outstanding | — | $301M | $293M | $285M | $275M | $253M | $47M | $17M | $17M | $17M | $17M |
Compare FRSH 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 |
|---|---|---|---|---|---|---|---|---|---|
| FRSHYou | $2B | -24.4 | — | 16.3 | 84.3% | -19.2% | -8.6% | -17.8% | — |
| CRM | $187B | 25.0 | 20.9 | 13.0 | 77.7% | 21.5% | 12.4% | 10.9% | 0.8 |
| HUBS | $14B | 307.6 | 1787.8 | 19.5 | 83.8% | 0.2% | 4.7% | 0.3% | 35.5 |
| PEGA | $7B | 20.5 | 27.8 | 14.8 | 75.9% | 15.1% | 57.3% | 27.5% | 0.2 |
| CXM | $1B | 13.2 | 31.3 | 19.9 | 72.1% | 3.0% | 18.8% | 3.4% | 1.1 |
| BRZE | $189M | -18.6 | — | 8.1 | 69.1% | -20.6% | -22.6% | -19.4% | — |
| HTCR | $6M | -3.8 | 9.7 | — | 58.6% | 0.2% | -26.6% | 0.6% | 4.6 |
| IFBD | $5M | -0.9 | — | — | 41.2% | -120.6% | -3.4% | -2.2% | — |
| 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 · 11 years · Updated daily
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Start ComparisonFreshworks Inc.'s current P/E ratio is -24.4x. This places it at the 50th percentile of its historical range.
Freshworks Inc.'s return on equity (ROE) is -8.6%. The historical average is -4.9%.
Based on historical data, Freshworks Inc. is trading at a P/E of -24.4x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Freshworks Inc. has 84.3% gross margin and -19.2% operating margin.