4 years of historical data (2022–2025) · 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
Ibotta, Inc. trades at 208.1x earnings, 94% above its 5-year average of 107.4x, sitting at the 100th percentile of its historical range. Compared to the Technology sector median P/E of 25.2x, the stock trades at a premium of 725%. On a free-cash-flow basis, the stock trades at 10.8x P/FCF, 16% below the 5-year average of 12.8x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Market Cap | $808M | $684M | $1.7B | — | — |
| Enterprise Value | $647M | $523M | $1.4B | — | — |
| P/E Ratio → | 208.08 | 189.42 | 25.42 | — | — |
| P/S Ratio | 2.36 | 2.00 | 4.76 | — | — |
| P/B Ratio | 2.61 | 2.38 | 3.82 | — | — |
| P/FCF | 10.77 | 9.12 | 16.54 | — | — |
| P/OCF | 8.48 | 7.18 | 15.08 | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Ibotta, Inc.'s enterprise value stands at 210.5x EBITDA, 101% above its 5-year average of 104.5x. The Technology sector median is 15.7x, placing the stock at a 1237% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| EV / Revenue | — | 1.53 | 3.81 | — | — |
| EV / EBITDA | 210.47 | 170.22 | 38.85 | — | — |
| EV / EBIT | — | — | 57.10 | — | — |
| EV / FCF | — | 6.98 | 13.23 | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Ibotta, Inc. earns an operating margin of -0.2%. Operating margins have compressed from 17.5% to -0.2% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 4.3% is modest.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Gross Margin | 79.2% | 79.2% | 86.4% | 85.1% | 76.6% |
| Operating Margin | -0.2% | -0.2% | 7.6% | 17.5% | -19.1% |
| Net Profit Margin | 4.7% | 4.7% | 18.7% | 11.9% | -26.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| ROE | 4.3% | 4.3% | 28.3% | 136.5% | — |
| ROA | 2.7% | 2.7% | 13.8% | 14.8% | -28.1% |
| ROIC | -0.5% | -0.5% | 30.4% | 219.7% | -358.2% |
| ROCE | -0.2% | -0.2% | 9.4% | 64.8% | -78.8% |
Solvency and debt-coverage ratios — lower is generally safer
Ibotta, Inc. carries a Debt/EBITDA ratio of 8.3x, which is highly leveraged (180% above the sector average of 3.0x). The company holds a net cash position — cash of $187M exceeds total debt of $26M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Debt / Equity | 0.09 | 0.09 | — | 2.31 | — |
| Debt / EBITDA | 8.30 | 8.30 | — | 1.03 | — |
| Net Debt / Equity | — | -0.56 | -0.76 | 0.07 | — |
| Net Debt / EBITDA | -52.43 | -52.43 | -9.70 | 0.03 | — |
| Debt / FCF | — | -2.15 | -3.30 | 0.13 | — |
| Interest Coverage | — | — | — | 8.13 | -7.59 |
Net cash position: cash ($187M) exceeds total debt ($26M)
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.96x means Ibotta, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 1.51x to 1.96x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Current Ratio | 1.96 | 1.96 | 2.85 | 1.51 | 1.21 |
| Quick Ratio | 1.96 | 1.96 | 2.85 | 1.51 | 1.21 |
| Cash Ratio | 0.90 | 0.90 | 1.71 | 0.32 | 0.32 |
| Asset Turnover | — | 0.65 | 0.54 | 1.00 | 1.08 |
| Inventory Turnover | — | — | — | — | — |
| Days Sales Outstanding | — | 222.49 | 219.53 | 258.25 | 210.58 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Ibotta, Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 0.5% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Earnings Yield | 0.5% | 0.5% | 3.9% | — | — |
| FCF Yield | 9.3% | 11.0% | 6.0% | — | — |
| Buyback Yield | 0.0% | 0.0% | 1.8% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 1.8% | — | — |
| Shares Outstanding | — | $30M | $27M | $30M | $30M |
Compare IBTA 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 |
|---|---|---|---|---|---|---|---|---|---|
| IBTAYou | $808M | 208.1 | 210.5 | 10.8 | 79.2% | -0.2% | 4.3% | -0.5% | 8.3 |
| APP | $134B | 44.6 | 31.0 | 33.7 | 87.9% | 75.8% | 206.8% | 87.8% | 0.8 |
| TTD | $12B | 26.2 | 21.0 | 14.5 | 78.6% | 20.3% | 16.3% | 21.3% | 0.8 |
| SRAD | $4B | 154.8 | 7.3 | 26.9 | 56.8% | 12.2% | 3.8% | 15.8% | 0.1 |
| GTM | $2B | 15.9 | 11.3 | 4.9 | 82.4% | 18.1% | 7.8% | 5.6% | 5.8 |
| DV | $2B | 35.1 | 11.4 | 9.9 | 82.2% | 10.6% | 4.6% | 6.4% | 0.7 |
| APPS | $486M | -4.6 | 30.0 | — | 45.0% | -11.0% | -50.1% | -7.4% | 14.5 |
| DSP | $463M | 84.4 | 14.3 | 9.4 | 45.7% | 1.2% | 0.9% | 2.9% | 1.3 |
| ZETA | $401M | -121.1 | 1.0 | 2.2 | 60.6% | 0.4% | -4.3% | 0.8% | — |
| ONTF | $342M | -11.8 | — | 86.1 | 74.6% | -25.7% | -19.3% | -21.0% | — |
| SEMR | $248M | 213.7 | 11.5 | 5.8 | 82.6% | 2.2% | 3.4% | 3.0% | 0.7 |
| 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 · 4 years · Updated daily
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorSee our Bear / Base / Bull DCF models and intrinsic value estimates.
View ValuationSee how IBTA stacks up against sector leader AppLovin Corporation.
Start ComparisonIbotta, Inc.'s current P/E ratio is 208.1x. The historical average is 107.4x. This places it at the 100th percentile of its historical range.
Ibotta, Inc.'s current EV/EBITDA is 210.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 38.9x.
Ibotta, Inc.'s return on equity (ROE) is 4.3%. The historical average is 56.4%.
Based on historical data, Ibotta, Inc. is trading at a P/E of 208.1x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Ibotta, Inc. has 79.2% gross margin and -0.2% operating margin.
Ibotta, Inc.'s Debt/EBITDA ratio is 8.3x, indicating high leverage. A ratio above 4x may signal elevated financial risk.