Joby Aviation, Inc. (JOBY) Financial Ratios
6 years of historical data (2020–2025) · Industrials · Airlines, Airports & Air Services
EV/EBITDA
N/A
—
5yr avg: N/A
P/FCF
N/A
—
5yr avg: N/A
P/B Ratio
↑
5.86
↑+27% vs avg
5yr avg: 4.62
30Y Low1.7·High7.7
ROE
↓
-80.1%
↑-64% vs avg
5yr avg: -49.0%
30Y Low-80%·High-21%
Debt/EBITDA
N/A
—
5yr avg: N/A
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
JOBY Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Joby Aviation, Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Market Cap | $9.8B | $10.9B | $5.7B | $4.3B | $2.0B | $4.3B | $7.0B |
| Enterprise Value | $9.6B | $10.7B | $5.5B | $4.1B | $1.8B | $3.4B | $6.9B |
| P/E Ratio → | -8.85 | — | — | — | — | — | — |
| P/S Ratio | 183.94 | 204.14 | 41833.32 | 4174.99 | — | — | — |
| P/B Ratio | 5.86 | 7.74 | 6.24 | 4.17 | 1.68 | 3.28 | — |
| P/FCF | — | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
JOBY EV Ratios
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 |
|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 200.77 | 40594.95 | 4007.01 | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — |
JOBY Profitability
Margins and return-on-capital ratios measuring operating efficiency
Joby Aviation, Inc. earns an operating margin of -1346.9%, below the Industrials sector average of 4.9%. Operating margins have expanded from -45745.5% to -1346.9% over the past 3 years, signaling improving operational efficiency. A negative ROE of -80.1% indicates the company is currently destroying shareholder equity.
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 |
|---|---|---|---|---|---|---|---|
| Gross Margin | -30.1% | -30.1% | 50.7% | 80.6% | — | — | — |
| Operating Margin | -1346.9% | -1346.9% | -438789.7% | -45745.5% | — | — | — |
| Net Profit Margin | -1740.5% | -1740.5% | -447083.8% | -49714.1% | — | — | — |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| ROE | -80.1% | -80.1% | -62.5% | -46.7% | -20.8% | -34.9% | — |
| ROA | -62.0% | -62.0% | -49.2% | -40.0% | -18.6% | -18.2% | -23.0% |
| ROIC | -54.7% | -54.7% | -55.8% | -37.1% | -41.7% | -6789.5% | — |
| ROCE | -49.8% | -49.8% | -50.2% | -38.0% | -28.7% | -26.4% | -27.0% |
JOBY Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
The company holds a net cash position — cash of $241M exceeds total debt of $61M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.04 | 0.04 | 0.03 | 0.03 | 0.02 | 0.00 | — |
| Debt / EBITDA | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.13 | -0.18 | -0.17 | -0.10 | -0.72 | — |
| Net Debt / EBITDA | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — |
| Interest Coverage | — | — | — | — | -3323.75 | -106.80 | -531.07 |
Net cash position: cash ($241M) exceeds total debt ($61M)
JOBY Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Joby Aviation, Inc.'s current ratio of 24.09x 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 23.39x to 24.09x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 24.09 | 24.09 | 20.14 | 23.39 | 35.90 | 95.22 | 56.36 |
| Quick Ratio | 24.09 | 24.09 | 20.14 | 23.39 | 35.90 | 95.22 | 56.36 |
| Cash Ratio | 23.46 | 23.46 | 19.38 | 22.87 | 34.99 | 93.79 | 55.71 |
| Asset Turnover | — | 0.03 | 0.00 | 0.00 | — | — | — |
| Inventory Turnover | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 48.77 | 43059.26 | 1647.81 | — | — | — |
JOBY Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Joby Aviation, Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business.
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 |
|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $826M | $700M | $648M | $586M | $591M | $604M |
Peer Comparison
Compare JOBY 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 |
|---|---|---|---|---|---|---|---|---|---|
 JOBYYou | $10B | -8.8 | — | — | -30.1% | -1346.9% | -80.1% | -54.7% | — |
 ACHR | $5B | -6.3 | — | — | — | -243100.0% | -41.8% | -89.6% | — |
 EVTL | $274M | -3.5 | — | — | — | — | — | — | — |
 WKHS | $32M | -0.1 | — | — | -335.9% | -1116.7% | -159.8% | -77.6% | — |
 BA | $182B | 93.2 | — | — | 4.8% | -6.1% | 289.7% | -9.5% | — |
 HEI | $24B | 59.1 | 21.7 | 28.3 | 39.8% | 22.7% | 17.1% | 12.6% | 1.8 |
 TDG | $70B | 38.7 | 21.5 | 38.6 | 60.1% | 47.2% | — | 20.9% | 6.6 |
 UBER | $158B | 16.2 | 25.9 | 16.2 | 39.8% | 10.7% | 39.8% | 13.6% | 2.1 |
 AVAV | $8B | 108.5 | 103.0 | — | 39.4% | 5.0% | 5.1% | 3.6% | 0.8 |
 AXON | $34B | 282.7 | 1664.9 | 458.1 | 59.7% | -2.2% | 4.5% | -1.3% | 90.6 |
 RKLB | $45B | -212.4 | — | — | 34.4% | -38.0% | -18.8% | -19.9% | — |
| Industrials Median | — | 25.5 | 13.8 | 20.7 | 32.7% | 4.9% | 8.2% | 6.3% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonJOBY — Frequently Asked Questions
Quick answers to the most common questions about buying JOBY stock.
What is Joby Aviation, Inc.'s P/E ratio?
Joby Aviation, Inc.'s current P/E ratio is -8.8x. This places it at the 50th percentile of its historical range.
What is Joby Aviation, Inc.'s ROE?
Joby Aviation, Inc.'s return on equity (ROE) is -80.1%. The historical average is -49.0%.
Is JOBY stock overvalued?
Based on historical data, Joby Aviation, Inc. is trading at a P/E of -8.8x. 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 Joby Aviation, Inc.'s profit margins?
Joby Aviation, Inc. has -30.1% gross margin and -1346.9% operating margin.