i3 Verticals, Inc. (IIIV) Financial Ratios
10 years of historical data (2016–2025) · Technology · Software - Infrastructure
EV/EBITDA
↓
11.88
↓-61% vs avg
5yr avg: 30.69
30Y Low10.4·High40.2
P/FCF
↑
116.68
↑+56% vs avg
5yr avg: 74.84
30Y Low9.0·High33.8
P/B Ratio
↓
1.31
↓-30% vs avg
5yr avg: 1.88
30Y Low1.0·High2.7
ROE
↑
3.5%
↑-24% vs avg
5yr avg: 4.5%
30Y Low-12%·High29%
Debt/EBITDA
↓
0.24
↓-96% vs avg
5yr avg: 5.71
30Y Low0.2·High12.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
IIIV Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
i3 Verticals, Inc. trades at 35.4x earnings, 13% above its 5-year average of 31.3x, sitting at the 50th percentile of its historical range. Compared to the Technology sector median P/E of 29.0x, the stock trades at a premium of 22%. On a free-cash-flow basis, the stock trades at 116.7x P/FCF, 56% above the 5-year average of 74.8x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $438M | $1.1B | $521M | $703M | $446M | $768M | $375M | $211M | $215M | — | — |
| Enterprise Value | $379M | $1.1B | $472M | $1.1B | $748M | $980M | $450M | $349M | $251M | — | — |
| P/E Ratio → | 35.39 | 57.96 | 4.59 | — | — | — | — | — | — | — | — |
| P/S Ratio | 2.05 | 5.21 | 2.26 | 3.71 | 2.37 | 3.43 | 2.50 | 0.56 | 0.66 | — | — |
| P/B Ratio | 1.31 | 2.14 | 1.01 | 2.14 | 1.45 | 2.65 | 1.56 | 1.48 | 1.92 | — | — |
| P/FCF | 116.68 | 295.67 | 11.45 | 33.80 | 13.34 | 19.91 | 21.11 | 8.99 | 15.82 | — | — |
| P/OCF | 76.91 | 194.88 | 10.75 | 18.91 | 9.72 | 16.42 | 15.81 | 7.94 | 11.89 | — | — |
P/E links to full P/E history page with 30-year chart
IIIV EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
i3 Verticals, Inc.'s enterprise value stands at 11.9x EBITDA, 61% below its 5-year average of 30.7x. The Technology sector median is 16.7x, placing the stock at a 29% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 4.93 | 2.05 | 5.80 | 3.98 | 4.37 | 3.00 | 0.93 | 0.78 | — | — |
| EV / EBITDA | 11.88 | 32.93 | 15.36 | 34.33 | — | 40.15 | 17.32 | 15.22 | 10.38 | — | — |
| EV / EBIT | 94.49 | 79.70 | 50.65 | — | 730.94 | 379.37 | 87.39 | 54.66 | 64.86 | — | — |
| EV / FCF | — | 279.98 | 10.39 | 52.91 | 22.39 | 25.40 | 25.34 | 14.87 | 18.48 | — | — |
IIIV Profitability
Margins and return-on-capital ratios measuring operating efficiency
i3 Verticals, Inc. earns an operating margin of 1.9%. Operating margins have expanded from -2.3% to 1.9% over the past 3 years, signaling improving operational efficiency. ROE of 3.5% is modest. ROIC of 0.6% 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 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 55.7% | 55.7% | 91.9% | 71.1% | 93.2% | 74.3% | 68.5% | 23.7% | 21.2% | 17.0% | 18.4% |
| Operating Margin | 1.9% | 1.9% | 3.0% | -2.3% | -12.3% | -0.0% | 5.2% | 1.7% | 3.8% | 2.9% | 2.0% |
| Net Profit Margin | 8.4% | 8.4% | 49.3% | -0.4% | -9.1% | -2.0% | -0.3% | -0.8% | -2.1% | 0.3% | -1.0% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 3.5% | 3.5% | 26.9% | -0.3% | -5.7% | -1.7% | -0.2% | -2.4% | -12.0% | 28.7% | — |
| ROA | 2.6% | 2.6% | 14.0% | -0.1% | -2.4% | -0.8% | -0.1% | -1.2% | -4.4% | 0.8% | -2.1% |
| ROIC | 0.6% | 0.6% | 0.9% | -0.5% | -3.1% | -0.0% | 2.0% | 2.2% | 7.1% | 6.2% | 4.2% |
| ROCE | 0.7% | 0.7% | 1.0% | -0.6% | -3.8% | -0.0% | 2.3% | 2.8% | 9.2% | 7.6% | 5.0% |
IIIV Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
i3 Verticals, Inc. carries a Debt/EBITDA ratio of 0.2x, which is very conservative (92% below the sector average of 2.9x). The company holds a net cash position — cash of $67M exceeds total debt of $8M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 5.7x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.01 | 0.01 | 0.07 | 1.22 | 0.99 | 0.75 | 0.38 | 0.98 | 0.33 | 35.23 | — |
| Debt / EBITDA | 0.24 | 0.24 | 1.25 | 12.50 | — | 8.84 | 3.49 | 6.07 | 1.52 | 6.27 | 6.03 |
| Net Debt / Equity | — | -0.11 | -0.09 | 1.21 | 0.98 | 0.73 | 0.31 | 0.97 | 0.32 | 34.93 | — |
| Net Debt / EBITDA | -1.85 | -1.85 | -1.57 | 12.40 | — | 8.69 | 2.89 | 6.02 | 1.50 | 6.21 | 5.75 |
| Debt / FCF | — | -15.70 | -1.06 | 19.12 | 9.05 | 5.50 | 4.23 | 5.88 | 2.66 | 19.50 | 11.19 |
| Interest Coverage | 5.73 | 5.73 | 0.32 | -0.13 | 0.07 | 0.26 | 0.58 | 1.06 | 0.46 | 1.16 | 0.69 |
Net cash position: cash ($67M) exceeds total debt ($8M)
IIIV Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.95x means i3 Verticals, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 0.92x to 1.95x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.95 | 1.95 | 0.93 | 0.92 | 0.75 | 0.60 | 0.98 | 0.58 | 0.63 | 0.78 | 0.77 |
| Quick Ratio | 1.91 | 1.91 | 0.92 | 0.89 | 0.72 | 0.58 | 0.94 | 0.55 | 0.59 | 0.72 | 0.71 |
| Cash Ratio | 0.94 | 0.94 | 0.53 | 0.03 | 0.03 | 0.04 | 0.40 | 0.03 | 0.02 | 0.05 | 0.19 |
| Asset Turnover | — | 0.33 | 0.31 | 0.21 | 0.24 | 0.34 | 0.37 | 1.08 | 1.85 | 1.88 | 1.99 |
| Inventory Turnover | 37.55 | 37.55 | 7.67 | 26.89 | 3.11 | 25.99 | 36.08 | 221.87 | 274.04 | 190.98 | 134.99 |
| Days Sales Outstanding | — | 100.12 | 89.19 | 97.73 | 113.27 | 62.70 | 42.64 | 14.87 | 14.10 | 11.69 | 11.27 |
IIIV Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
i3 Verticals, Inc. returns 8.6% to shareholders annually primarily through share buybacks. The earnings yield of 2.8% (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 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.8% | 1.7% | 21.8% | — | — | — | — | — | — | — | — |
| FCF Yield | 0.9% | 0.3% | 8.7% | 3.0% | 7.5% | 5.0% | 4.7% | 11.1% | 6.3% | — | — |
| Buyback Yield | 8.6% | 3.4% | 0.0% | 0.0% | 0.0% | 0.0% | 2.9% | 42.7% | 2.2% | — | — |
| Total Shareholder Yield | 8.6% | 3.4% | 0.0% | 0.0% | 0.0% | 0.0% | 2.9% | 42.7% | 2.2% | — | — |
| Shares Outstanding | — | $34M | $24M | $33M | $22M | $32M | $15M | $10M | $9M | $8M | $8M |
Peer Comparison
Compare IIIV 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 |
|---|---|---|---|---|---|---|---|---|---|
 IIIVYou | $438M | 35.4 | 11.9 | 116.7 | 55.7% | 1.9% | 3.5% | 0.6% | 0.2 |
 TYRA | $2B | -14.1 | — | — | — | — | -39.8% | -44.8% | — |
 PCOR | $6B | -59.7 | — | 28.0 | 78.4% | -8.9% | -7.9% | -9.7% | — |
 TNET | $2B | 14.3 | 3.1 | 6.8 | 17.4% | 5.3% | 252.0% | — | 2.8 |
 EVTC | $2B | 11.7 | 7.8 | 11.7 | 49.7% | 20.0% | 23.0% | 10.2% | 3.7 |
 CSGS | $2B | 40.8 | 7.3 | 16.3 | 47.5% | 24.5% | 19.7% | 32.5% | 1.6 |
 ALKT | $2B | -31.9 | — | 38.0 | 57.8% | -12.1% | -13.3% | -8.6% | — |
 PAYC | $7B | 15.5 | 8.9 | 16.7 | 78.6% | 27.6% | 27.4% | 30.7% | 0.2 |
 GOVX | $1M | -0.1 | — | — | 100.0% | -869.3% | -0.0% | -0.0% | — |
 CWAN | $7B | -173.5 | 70.5 | 43.9 | 67.3% | 3.8% | -2.5% | 1.1% | 7.8 |
 FIS | $20B | 50.9 | 6.4 | 7.0 | 36.9% | 16.5% | 2.6% | 6.0% | 1.1 |
| Technology Median | — | 29.0 | 16.7 | 19.2 | 48.8% | 0.2% | 1.6% | 2.7% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 10 years · Updated daily
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IIIV — Frequently Asked Questions
Quick answers to the most common questions about buying IIIV stock.
What is i3 Verticals, Inc.'s P/E ratio?
i3 Verticals, Inc.'s current P/E ratio is 35.4x. The historical average is 31.3x. This places it at the 50th percentile of its historical range.
What is i3 Verticals, Inc.'s EV/EBITDA?
i3 Verticals, Inc.'s current EV/EBITDA is 11.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 23.7x.
What is i3 Verticals, Inc.'s ROE?
i3 Verticals, Inc.'s return on equity (ROE) is 3.5%. The historical average is 4.1%.
Is IIIV stock overvalued?
Based on historical data, i3 Verticals, Inc. is trading at a P/E of 35.4x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are i3 Verticals, Inc.'s profit margins?
i3 Verticals, Inc. has 55.7% gross margin and 1.9% operating margin.
How much debt does i3 Verticals, Inc. have?
i3 Verticals, Inc.'s Debt/EBITDA ratio is 0.2x, indicating low leverage. A ratio below 2x is generally considered financially healthy.