IAS is no longer listed. Its last trade on record was Dec 24, 2025. The price and figures on this page are from its last trading day and final filings, and are no longer updated.
Latest Ratios: P/E Ratio N/A · EV/EBITDA N/A · ROE N/A. (2019–2024 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Market Cap | — | $1.7B | $2.3B | $1.4B | $3.2B | — | — |
| Enterprise Value | — | $1.7B | $2.4B | $1.5B | $3.4B | — | — |
| P/E Ratio → | — | 45.39 | 321.21 | 89.88 | — | — | — |
| P/S Ratio | — | 3.26 | 4.91 | 3.39 | 9.85 | — | — |
| P/B Ratio | — | 1.71 | 2.56 | 1.71 | 4.16 | — | — |
| P/FCF | — | 22.33 | 23.78 | 24.78 | 63.84 | — | — |
| P/OCF | — | 14.65 | 17.68 | 19.07 | 50.13 | — | — |
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 |
|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.21 | 5.03 | 3.79 | 10.38 | — | — |
| EV / EBITDA | — | 13.68 | 33.10 | 23.62 | 114.75 | — | — |
| EV / EBIT | — | 28.16 | 139.55 | 69.94 | — | — | — |
| EV / FCF | — | 21.99 | 24.37 | 27.76 | 67.27 | — | — |
Margins and return-on-capital ratios measuring operating efficiency
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 |
|---|---|---|---|---|---|---|---|
| Gross Margin | — | 78.5% | 79.1% | 81.4% | 83.1% | 83.2% | 84.5% |
| Operating Margin | — | 11.4% | 3.6% | 3.7% | -10.2% | -5.8% | -15.8% |
| Net Profit Margin | — | 7.1% | 1.5% | 3.8% | -16.2% | -13.5% | -24.1% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| ROE | — | 3.9% | 0.8% | 2.0% | -8.7% | -7.3% | -11.2% |
| ROA | — | 3.2% | 0.6% | 1.3% | -5.3% | -3.8% | -5.9% |
| ROIC | — | 4.6% | 1.3% | 1.2% | -3.0% | -1.4% | -3.2% |
| ROCE | — | 5.5% | 1.5% | 1.4% | -3.5% | -1.7% | -4.0% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Debt / Equity | — | 0.06 | 0.20 | 0.31 | 0.32 | 0.81 | 0.75 |
| Debt / EBITDA | — | 0.46 | 2.54 | 3.86 | 8.36 | 6.78 | 9.50 |
| Net Debt / Equity | — | -0.03 | 0.06 | 0.21 | 0.22 | 0.69 | 0.70 |
| Net Debt / EBITDA | — | -0.21 | 0.80 | 2.53 | 5.86 | 5.78 | 8.78 |
| Debt / FCF | — | -0.35 | 0.59 | 2.98 | 3.44 | 9.00 | — |
| Interest Coverage | — | 11.27 | 1.40 | 2.45 | -1.91 | -0.44 | -1.02 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Current Ratio | — | 3.02 | 3.21 | 3.26 | 3.01 | 3.21 | 3.58 |
| Quick Ratio | — | 3.02 | 3.21 | 3.26 | 3.01 | 3.21 | 3.58 |
| Cash Ratio | — | 1.00 | 1.51 | 1.28 | 1.30 | 1.28 | 0.93 |
| Asset Turnover | — | 0.46 | 0.40 | 0.35 | 0.29 | 0.28 | 0.24 |
| Inventory Turnover | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 91.47 | 93.22 | 97.84 | 100.70 | 111.49 | 113.21 |
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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Earnings Yield | — | 2.2% | 0.3% | 1.1% | — | — | — |
| FCF Yield | — | 4.5% | 4.2% | 4.0% | 1.6% | — | — |
| Buyback Yield | — | 0.0% | 0.0% | 1.7% | 0.0% | — | — |
| Total Shareholder Yield | — | 0.0% | 0.0% | 1.7% | 0.0% | — | — |
| Shares Outstanding | — | $165M | $162M | $157M | $144M | $151M | $151M |
Includes 30+ ratios · 6 years · Updated daily
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10-year return with dividends reinvested.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying IAS stock.
Based on historical data, Integral Ad Science Holding Corp. is trading at valuation metrics that vary. Compare with industry peers and growth rates for a complete picture.
Key Metrics
Top Statement Risk
Operating margin volatility
Metrics are mathematically derived from official filings.
Premium Valuation Reflects Growth Expectations
According to recent market data, IAS trades at a forward P/E of 27.54, which suggests that investors are pricing in significant future earnings expansion despite the company's current struggle to demonstrate consistent operating leverage compared to its primary peer, DoubleVerify, which trades at a lower multiple.
The current valuation appears to bake in an optimistic growth trajectory that may not fully account for the recent compression in operating margins. Investors should monitor whether the company can justify this premium through sustained margin expansion or if the market will eventually re-rate the stock closer to its peer group average.
Capital Efficiency Remains Subdued Historically
Based on reported financial statements, IAS has struggled to generate meaningful returns on invested capital, with ROIC hovering at a marginal 0.6% in 2025Q3, a figure that significantly trails the performance of more mature technology peers and indicates a lack of efficient capital compounding.
The low ROIC suggests that the company's heavy investment in R&D and infrastructure has yet to yield the expected returns on the capital deployed. This warrants further investigation into whether the current asset base is being utilized effectively or if the company is over-capitalized relative to its current revenue-generating capacity.
Working Capital Cycles Require Monitoring
As reported in recent SEC filings, the company's Days Sales Outstanding (DSO) has remained elevated, fluctuating between 79 and 92 days over the last ten quarters, which suggests potential friction in the collection process compared to industry standards for high-growth software-as-a-service providers.
The persistence of high DSO levels may indicate that IAS is granting extended payment terms to secure or maintain large-scale enterprise contracts. This inefficiency in working capital management appears to be a drag on cash flow, potentially masking the true underlying profitability of the core business model.
Adjusted EBITDA Obscures Economic Reality
Based on an analysis of historical financial statements, the most commonly misapplied metric for IAS is Adjusted EBITDA, which frequently excludes significant stock-based compensation expenses that reached $40.4 million in 2023Q2, thereby obscuring the true economic cost of talent acquisition and shareholder dilution.
Investors should prioritize Free Cash Flow (FCF) over Adjusted EBITDA to better understand the company's actual cash-generating power. Relying on EBITDA-based multiples may lead to an overestimation of the company's financial health, as it ignores the recurring nature of equity-based compensation that directly impacts long-term shareholder value.