Latest Ratios: P/E Ratio 9.8x · EV/EBITDA 4.3x · ROE 22.1%. (2015–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $318M | $464M | $684M | $805M | $941M | $624M | $595M | $453M | $305M | $359M | — |
| Enterprise Value | $366M | $511M | $735M | $781M | $976M | $575M | $608M | $461M | $349M | $411M | — |
| P/E Ratio → | 9.79 | 14.22 | 11.64 | 13.55 | 16.47 | 13.30 | 17.64 | 23.15 | — | — | — |
| P/S Ratio | 0.52 | 0.76 | 1.04 | 1.22 | 1.72 | 1.36 | 1.67 | 1.42 | 1.11 | 1.79 | — |
| P/B Ratio | 1.98 | 2.88 | 5.07 | 5.40 | 6.28 | 4.36 | 6.32 | 8.09 | 6.85 | 10.00 | — |
| P/FCF | 20.12 | 29.32 | 29.64 | 6.16 | 313.66 | 9.24 | — | 9.83 | 21.01 | 117.10 | — |
| P/OCF | 8.62 | 12.57 | 12.89 | 5.61 | 62.03 | 7.99 | — | 8.62 | 15.36 | 48.39 | — |
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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.84 | 1.12 | 1.19 | 1.78 | 1.25 | 1.70 | 1.44 | 1.27 | 2.05 | — |
| EV / EBITDA | 4.29 | 6.00 | 6.77 | 7.21 | 10.56 | 7.43 | 9.55 | 9.39 | 12.14 | 21.83 | — |
| EV / EBIT | 5.38 | 8.68 | 7.74 | 8.18 | 11.77 | 8.47 | 11.50 | 12.66 | 26.70 | — | — |
| EV / FCF | — | 32.34 | 31.85 | 5.98 | 325.07 | 8.51 | — | 10.01 | 24.06 | 134.15 | — |
Margins and return-on-capital ratios measuring operating efficiency
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 | 36.0% | 36.0% | 89.6% | 33.8% | 33.3% | 33.0% | 33.2% | 33.5% | 33.4% | 32.6% | 34.7% |
| Operating Margin | 11.2% | 11.2% | 14.4% | 14.5% | 15.2% | 14.8% | 14.8% | 11.4% | 4.8% | 0.9% | 13.9% |
| Net Profit Margin | 5.4% | 5.4% | 8.9% | 9.0% | 10.5% | 10.2% | 9.5% | 6.1% | -2.6% | -5.1% | 5.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 22.1% | 22.1% | 41.4% | 39.8% | 39.1% | 39.5% | 45.0% | 39.0% | -18.0% | -52.0% | 572.9% |
| ROA | 6.7% | 6.7% | 11.3% | 10.9% | 13.4% | 15.6% | 13.9% | 8.7% | -3.3% | -6.1% | 15.8% |
| ROIC | 25.8% | 25.8% | 45.7% | 46.2% | 44.8% | 50.7% | 46.2% | 35.7% | 11.1% | 2.1% | 79.0% |
| ROCE | 19.8% | 19.8% | 28.6% | 28.1% | 30.1% | 34.0% | 33.1% | 24.2% | 8.7% | 1.6% | 57.2% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.34 | 1.34 | 1.35 | 1.45 | 1.23 | 0.58 | 0.93 | 1.69 | 2.64 | 3.10 | 23.95 |
| Debt / EBITDA | 2.54 | 2.54 | 1.67 | 1.99 | 1.99 | 1.07 | 1.38 | 1.93 | 4.08 | 5.92 | 3.05 |
| Net Debt / Equity | — | 0.30 | 0.38 | -0.16 | 0.23 | -0.35 | 0.13 | 0.15 | 0.99 | 1.46 | 12.41 |
| Net Debt / EBITDA | 0.56 | 0.56 | 0.47 | -0.22 | 0.37 | -0.64 | 0.20 | 0.17 | 1.54 | 2.78 | 1.58 |
| Debt / FCF | — | 3.02 | 2.22 | -0.18 | 11.41 | -0.73 | — | 0.19 | 3.05 | 17.06 | 2.09 |
| Interest Coverage | 4.98 | 4.98 | 8.09 | 9.16 | 14.73 | 14.96 | 8.05 | 4.28 | 0.71 | -0.27 | 2.41 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.51 | 2.51 | 1.96 | 1.94 | 2.07 | 2.26 | 2.22 | 1.77 | 2.04 | 1.64 | 2.01 |
| Quick Ratio | 2.51 | 2.51 | 1.96 | 1.94 | 2.07 | 2.26 | 2.22 | 1.77 | 2.04 | 1.64 | 2.01 |
| Cash Ratio | 1.20 | 1.20 | 0.86 | 1.07 | 0.81 | 1.13 | 0.89 | 1.03 | 1.07 | 0.81 | 0.98 |
| Asset Turnover | — | 1.17 | 1.42 | 1.14 | 1.07 | 1.35 | 1.38 | 1.41 | 1.21 | 0.93 | 1.39 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 64.36 | 60.49 | 86.85 | 87.52 | 54.09 | 56.69 | 45.40 | 47.70 | 93.27 | 61.28 |
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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | 5.6% | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | 13.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 10.2% | 7.0% | 8.6% | 7.4% | 6.1% | 7.5% | 5.7% | 4.3% | — | — | — |
| FCF Yield | 5.0% | 3.4% | 3.4% | 16.2% | 0.3% | 10.8% | — | 10.2% | 4.8% | 0.9% | — |
| Buyback Yield | 5.1% | 3.5% | 11.0% | 8.2% | 5.7% | 0.9% | 0.0% | 0.0% | 0.0% | 31.8% | — |
| Total Shareholder Yield | 5.1% | 3.5% | 11.0% | 8.2% | 5.7% | 0.9% | 0.0% | 0.0% | 0.0% | 37.4% | — |
| Shares Outstanding | — | $30M | $33M | $36M | $39M | $39M | $38M | $38M | $25M | $36M | $36M |
Includes 30+ ratios · 11 years · Updated daily
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Quick answers to the most common questions about buying IMXI stock.
International Money Express, Inc.'s current P/E ratio is 9.8x. The historical average is 15.7x.
International Money Express, Inc.'s current EV/EBITDA is 4.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.1x.
International Money Express, Inc.'s return on equity (ROE) is 22.1%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 21.8%.
Based on historical data, International Money Express, Inc. is trading at a P/E of 9.8x. Compare with industry peers and growth rates for a complete picture.
International Money Express, Inc. has 36.0% gross margin and 11.2% operating margin. Operating margin between 10-20% is typical for established companies.
International Money Express, Inc.'s Debt/EBITDA ratio is 2.5x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.
Key Metrics
Top Statement Risk
Core corridor volume erosion
Metrics are mathematically derived from official filings.
Valuation Compression Reflects Growth Uncertainty
According to recent market data, IMXI trades at a forward P/E of 11.02, which, when viewed alongside a PEG ratio of 3.16, suggests that investors are pricing in significant long-term growth deceleration rather than the historical expansion typical of the broader financial technology sector.
The current valuation multiples appear to reflect a market skepticism regarding the company's ability to reverse its negative revenue trajectory. While the P/S ratio of 0.71 might seem attractive in isolation, it likely accounts for the structural margin erosion and the high risk associated with the company's reliance on physical agent networks.
Margin Instability Undermines Earning Power
As reported in financial statements, IMXI's gross margin volatility, which saw a collapse to 2.8% in 2026Q1 from historical peaks, indicates that the company's core earning power is currently compromised by rising settlement costs and the inability to maintain pricing leverage in competitive corridors.
The shift from double-digit operating margins to negative territory suggests that the company's fixed cost base is no longer supported by its transactional volume. Investors should monitor whether this margin compression is a temporary byproduct of competitive pricing or a permanent structural shift in the remittance industry.
Capital Efficiency Facing Structural Decay
Based on the provided quarterly data, IMXI's ROIC has trended into negative territory, reaching -3.7% in 2026Q1, which signals that the company is currently failing to generate returns on invested capital that exceed its cost of capital, marking a sharp reversal from previous periods of compounding.
The decay in ROIC appears driven by both shrinking net margins and a decline in asset turnover, suggesting that capital deployed into agent relationships is no longer yielding the expected transactional throughput. This trend warrants further investigation into whether the company's current capital allocation strategy remains viable.
Working Capital Dragging Operational Velocity
According to recent SEC filings, the company's DSO has fluctuated significantly, reaching 92 days in 2026Q1, which indicates that the conversion of agent-related receivables into cash is becoming increasingly inefficient compared to historical norms and industry standards for cross-border payment processors.
The lengthening of the cash conversion cycle suggests that IMXI is effectively financing its agent network's operations, which places additional strain on liquidity. This inefficiency appears to be a primary contributor to the disconnect between reported accounting profits and the company's actual cash generation capabilities.
Misinterpretation of Cash and Liquidity
As indicated by the company's financial disclosures, the P/B ratio of 2.67 is frequently misapplied by analysts who fail to account for the fact that a large portion of the balance sheet consists of settlement assets rather than productive, unencumbered capital available for corporate growth.
Relying on book value or headline cash balances obscures the reality that these funds are largely restricted for the settlement of remittance obligations. A more accurate assessment of the company's financial health requires adjusting for these settlement liabilities to determine the true liquidity buffer available to the firm.