Innodata Inc. (INOD) Financial Ratios
30 years of historical data (1996–2025) · Technology · Information Technology Services
EV/EBITDA
↓
61.20
+8% vs avg
5yr avg: 56.41
30Y Low2.1·High100.0
P/FCF
↓
83.07
↓-66% vs avg
5yr avg: 243.38
30Y Low6.2·High87.5
P/B Ratio
↑
29.67
↑+163% vs avg
5yr avg: 11.27
30Y Low0.6·High20.1
ROE
↑
37.8%
↓+392% vs avg
5yr avg: 7.7%
30Y Low-57%·High65%
Debt/EBITDA
↓
0.09
↓-94% vs avg
5yr avg: 1.49
30Y Low0.0·High7.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
INOD Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Innodata Inc. trades at 98.6x earnings, 98% above its 5-year average of 49.9x, sitting at the 100th percentile of its historical range. Compared to the Technology sector median P/E of 28.3x, the stock trades at a premium of 248%. On a free-cash-flow basis, the stock trades at 83.1x P/FCF, 66% below the 5-year average of 243.4x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.0B | $1.8B | $1.3B | $229M | $81M | $158M | $136M | $29M | $39M | $35M | $63M |
| Enterprise Value | $2.9B | $1.7B | $1.2B | $221M | $76M | $145M | $125M | $32M | $34M | $30M | $53M |
| P/E Ratio → | 98.57 | 55.38 | 44.40 | — | — | — | 219.92 | — | 7500.00 | — | — |
| P/S Ratio | 11.77 | 7.09 | 7.46 | 2.64 | 1.02 | 2.26 | 2.33 | 0.53 | 0.68 | 0.58 | 0.99 |
| P/B Ratio | 29.67 | 16.67 | 20.06 | 9.16 | 4.48 | 5.97 | 5.16 | 1.33 | 1.43 | 1.29 | 2.08 |
| P/FCF | 83.07 | 50.06 | 46.62 | 675.48 | — | 201.34 | 31.92 | 11.24 | 24.71 | — | — |
| P/OCF | 63.34 | 38.17 | 36.32 | 38.79 | — | 30.61 | 23.95 | 6.87 | 10.77 | 47.57 | — |
P/E links to full P/E history page with 30-year chart
INOD EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Innodata Inc.'s enterprise value stands at 61.2x EBITDA, 8% above its 5-year average of 56.4x. The Technology sector median is 16.6x, placing the stock at a 268% premium 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 | — | 6.78 | 7.21 | 2.54 | 0.96 | 2.08 | 2.15 | 0.57 | 0.58 | 0.50 | 0.85 |
| EV / EBITDA | 61.20 | 36.23 | 40.99 | 39.02 | — | 109.39 | 36.36 | 16.79 | 5.54 | — | — |
| EV / EBIT | 71.69 | 41.20 | 50.21 | 693.91 | — | — | 106.17 | — | 21.03 | — | — |
| EV / FCF | — | 47.88 | 45.08 | 650.92 | — | 185.26 | 29.51 | 12.17 | 21.35 | — | — |
INOD Profitability
Margins and return-on-capital ratios measuring operating efficiency
Innodata Inc. earns an operating margin of 16.0%. Operating margins have expanded from 1.1% to 16.0% over the past 3 years, signaling improving operational efficiency. Return on equity of 37.8% is exceptionally high. ROIC of 119.7% represents excellent 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 | 39.7% | 39.7% | 39.3% | 36.8% | 35.0% | 37.6% | 34.1% | 33.4% | 32.3% | 25.7% | 25.5% |
| Operating Margin | 16.0% | 16.0% | 14.2% | 1.1% | -13.0% | -2.2% | 2.0% | -1.4% | 4.7% | -7.6% | -5.1% |
| Net Profit Margin | 12.8% | 12.8% | 16.8% | -1.0% | -15.1% | -2.4% | 1.1% | -3.8% | -0.4% | -8.3% | -8.8% |
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 | 37.8% | 37.8% | 64.9% | -4.2% | -53.7% | -6.4% | 2.6% | -8.7% | -0.9% | -17.6% | -17.0% |
| ROA | 22.8% | 22.8% | 33.2% | -1.7% | -22.3% | -2.9% | 1.2% | -4.5% | -0.5% | -10.6% | -11.2% |
| ROIC | 119.7% | 119.7% | 95.9% | 4.7% | -57.5% | -7.8% | 4.4% | -2.6% | 9.1% | -16.1% | -13.5% |
| ROCE | 41.9% | 41.9% | 43.8% | 2.9% | -31.6% | -4.0% | 3.2% | -2.5% | 8.4% | -13.9% | -8.8% |
INOD Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Innodata Inc. carries a Debt/EBITDA ratio of 0.1x, which is very conservative (97% below the sector average of 2.9x). The company holds a net cash position — cash of $82M exceeds total debt of $4M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.04 | 0.04 | 0.07 | 0.22 | 0.26 | 0.24 | 0.28 | 0.60 | 0.21 | 0.24 | 0.17 |
| Debt / EBITDA | 0.09 | 0.09 | 0.16 | 0.97 | — | 4.76 | 2.12 | 7.01 | 0.92 | — | — |
| Net Debt / Equity | — | -0.73 | -0.67 | -0.33 | -0.28 | -0.48 | -0.39 | 0.11 | -0.19 | -0.18 | -0.30 |
| Net Debt / EBITDA | -1.65 | -1.65 | -1.41 | -1.47 | — | -9.50 | -2.97 | 1.27 | -0.87 | — | — |
| Debt / FCF | — | -2.18 | -1.55 | -24.55 | — | -16.08 | -2.41 | 0.92 | -3.36 | — | — |
| Interest Coverage | — | — | — | 1.78 | — | — | 8.74 | -7.90 | 48.33 | — | -74.95 |
Net cash position: cash ($82M) exceeds total debt ($4M)
INOD Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Innodata Inc.'s current ratio of 2.68x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 1.40x to 2.68x 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 | 2.68 | 2.68 | 2.05 | 1.40 | 1.14 | 1.59 | 1.74 | 1.52 | 1.91 | 1.62 | 2.12 |
| Quick Ratio | 2.68 | 2.68 | 2.05 | 1.40 | 1.14 | 1.59 | 1.74 | 1.52 | 1.91 | 1.62 | 2.12 |
| Cash Ratio | 1.63 | 1.63 | 1.19 | 0.60 | 0.49 | 0.89 | 0.96 | 0.69 | 0.76 | 0.73 | 1.10 |
| Asset Turnover | — | 1.49 | 1.50 | 1.46 | 1.64 | 1.18 | 1.02 | 1.13 | 1.25 | 1.27 | 1.33 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 67.46 | 59.98 | 60.10 | 44.02 | 59.54 | 62.97 | 63.53 | 67.55 | 61.65 | 57.59 |
INOD Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Innodata Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 1.0% (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 | 1.0% | 1.8% | 2.3% | — | — | — | 0.5% | — | 0.0% | — | — |
| FCF Yield | 1.2% | 2.0% | 2.1% | 0.1% | — | 0.5% | 3.1% | 8.9% | 4.0% | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 6.3% | 0.0% | 0.0% | 0.2% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 6.3% | 0.0% | 0.0% | 0.2% |
| Shares Outstanding | — | $35M | $32M | $28M | $27M | $27M | $26M | $26M | $26M | $26M | $26M |
Peer Comparison
Compare INOD 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 |
|---|---|---|---|---|---|---|---|---|---|
 INODYou | $3B | 98.6 | 61.2 | 83.1 | 39.7% | 16.0% | 37.8% | 119.7% | 0.1 |
 IPWR | $51M | -5.1 | — | — | -60.1% | -28979.0% | -82.2% | -352.7% | — |
 CEVA | $1B | -110.0 | — | 2613.7 | 87.1% | -10.4% | -3.5% | -2.9% | — |
 ITRN | $1B | 22.0 | 12.2 | 19.1 | 49.7% | 21.4% | 27.9% | 47.2% | 0.0 |
 SPOK | $214M | 13.8 | 8.5 | 8.5 | 78.8% | 14.1% | 10.5% | 11.3% | 0.3 |
 DFIN | $962M | 33.5 | 5.1 | 8.9 | 63.4% | 19.8% | 7.9% | 19.9% | 0.8 |
 EXLS | $4B | 16.6 | 11.4 | 13.4 | 38.4% | 15.0% | 27.2% | 20.4% | 1.1 |
 TASK | $450M | 4.5 | 2.7 | 6.1 | 32.6% | 11.9% | 18.6% | 16.3% | 1.5 |
 EPAM | $4B | 11.3 | 4.4 | 6.5 | 26.5% | 9.6% | 10.3% | 15.5% | 0.2 |
 CGNT | $599M | -934.5 | 36.8 | 20.2 | 72.3% | 0.5% | -0.3% | 1.1% | 2.6 |
 MSFT | $2.7T | 26.9 | 17.3 | 38.1 | 68.8% | 45.6% | 33.3% | 24.9% | 0.7 |
| Technology Median | — | 28.3 | 16.6 | 18.8 | 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 · 30 years · Updated daily
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INOD — Frequently Asked Questions
Quick answers to the most common questions about buying INOD stock.
What is Innodata Inc.'s P/E ratio?
Innodata Inc.'s current P/E ratio is 98.6x. The historical average is 27.2x. This places it at the 100th percentile of its historical range.
What is Innodata Inc.'s EV/EBITDA?
Innodata Inc.'s current EV/EBITDA is 61.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 23.1x.
What is Innodata Inc.'s ROE?
Innodata Inc.'s return on equity (ROE) is 37.8%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 2.4%.
Is INOD stock overvalued?
Based on historical data, Innodata Inc. is trading at a P/E of 98.6x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Innodata Inc.'s profit margins?
Innodata Inc. has 39.7% gross margin and 16.0% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Innodata Inc. have?
Innodata Inc.'s Debt/EBITDA ratio is 0.1x, indicating low leverage. A ratio below 2x is generally considered financially healthy.