KVH Industries, Inc. (KVHI) Financial Ratios
30 years of historical data (1996–2025) · Technology · Communication Equipment
EV/EBITDA
↑
N/A
—
5yr avg: 32.78
30Y Low9.2·High80.2
P/FCF
20.37
↑+47% vs avg
5yr avg: 13.86
30Y Low13.9·High55.2
P/B Ratio
↓
1.51
↑+51% vs avg
5yr avg: 1.00
30Y Low0.5·High12.9
ROE
↑
-5.5%
↑-95% vs avg
5yr avg: -2.8%
30Y Low-28%·High27%
Debt/EBITDA
↑
N/A
—
5yr avg: 0.58
30Y Low0.0·High44.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
KVHI Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
KVH Industries, Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 20.4x P/FCF, 47% above the 5-year average of 13.9x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $199M | $135M | $111M | $101M | $190M | $167M | $201M | $194M | $176M | $170M | $187M |
| Enterprise Value | $133M | $70M | $61M | $90M | $172M | $159M | $202M | $182M | $187M | $182M | $218M |
| P/E Ratio → | -26.84 | — | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 1.79 | 1.22 | 0.97 | 0.76 | 1.37 | 1.25 | 1.26 | 1.23 | 1.03 | 1.06 | 1.06 |
| P/B Ratio | 1.51 | 1.03 | 0.80 | 0.68 | 1.20 | 1.30 | 1.52 | 1.30 | 1.77 | 1.61 | 1.75 |
| P/FCF | 20.37 | 13.86 | — | — | — | — | — | — | — | — | 14.30 |
| P/OCF | 11.61 | 7.90 | — | 39.77 | 21.41 | 57.55 | — | — | 33.89 | 14.74 | 9.99 |
P/E links to full P/E history page with 30-year chart
KVHI 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 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.63 | 0.54 | 0.68 | 1.24 | 1.19 | 1.27 | 1.15 | 1.10 | 1.14 | 1.24 |
| EV / EBITDA | — | — | 43.23 | — | 22.33 | — | — | — | 214.93 | 80.24 | 19.43 |
| EV / EBIT | — | — | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | 7.14 | — | — | — | — | — | — | — | — | 16.72 |
KVHI Profitability
Margins and return-on-capital ratios measuring operating efficiency
KVH Industries, Inc. earns an operating margin of -10.1%. Operating margins have expanded from -13.1% to -10.1% over the past 3 years, signaling improving operational efficiency. A negative ROE of -5.5% 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 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 24.8% | 24.8% | 30.9% | 28.6% | 37.8% | 34.2% | 36.3% | 34.0% | 41.4% | 43.7% | 43.6% |
| Operating Margin | -10.1% | -10.1% | -10.4% | -13.1% | -4.1% | -14.6% | -14.5% | -13.4% | -4.2% | -5.5% | -0.8% |
| Net Profit Margin | -6.7% | -6.7% | -9.7% | -11.6% | 17.3% | -7.3% | -13.8% | 21.1% | -4.8% | -6.9% | -4.3% |
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 | -5.5% | -5.5% | -7.7% | -10.1% | 16.7% | -7.5% | -15.6% | 26.7% | -8.0% | -10.4% | -6.7% |
| ROA | -4.8% | -4.8% | -6.7% | -8.4% | 13.2% | -5.5% | -11.5% | 17.2% | -4.3% | -5.6% | -3.5% |
| ROIC | -10.8% | -10.8% | -7.9% | -9.4% | -3.3% | -11.6% | -12.7% | -12.7% | -4.7% | -5.1% | -0.7% |
| ROCE | -8.2% | -8.2% | -8.3% | -11.3% | -3.9% | -14.1% | -15.1% | -14.4% | -5.0% | -5.6% | -0.8% |
KVHI Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
The company holds a net cash position — cash of $70M 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 | 0.03 | 0.03 | 0.01 | 0.01 | 0.01 | 0.02 | 0.11 | 0.04 | 0.30 | 0.45 | 0.55 |
| Debt / EBITDA | — | — | 0.87 | — | 0.28 | — | — | — | 33.75 | 20.70 | 5.16 |
| Net Debt / Equity | — | -0.50 | -0.36 | -0.07 | -0.12 | -0.06 | 0.01 | -0.08 | 0.11 | 0.12 | 0.30 |
| Net Debt / EBITDA | — | — | -34.87 | — | -2.46 | — | — | — | 13.01 | 5.48 | 2.81 |
| Debt / FCF | — | -6.72 | — | — | — | — | — | — | — | — | 2.42 |
| Interest Coverage | — | — | -5312.50 | -15103.00 | -1148.67 | -207.11 | -1208.22 | -18.62 | -5.19 | -5.77 | -0.37 |
Net cash position: cash ($70M) exceeds total debt ($4M)
KVHI Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
KVH Industries, Inc.'s current ratio of 7.07x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 6.18x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 4.76x to 7.07x 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 | 7.07 | 7.07 | 7.72 | 4.76 | 3.50 | 2.59 | 2.48 | 2.85 | 1.39 | 2.26 | 2.75 |
| Quick Ratio | 6.18 | 6.18 | 6.28 | 4.00 | 2.89 | 2.12 | 1.87 | 2.24 | 0.98 | 1.73 | 2.22 |
| Cash Ratio | 4.19 | 4.19 | 3.19 | 2.79 | 2.07 | 0.72 | 0.92 | 1.26 | 0.32 | 0.99 | 1.32 |
| Asset Turnover | — | 0.73 | 0.73 | 0.77 | 0.71 | 0.79 | 0.86 | 0.79 | 0.91 | 0.82 | 0.88 |
| Inventory Turnover | 5.62 | 5.62 | 3.42 | 4.96 | 3.79 | 5.56 | 4.10 | 4.44 | 4.36 | 3.97 | 4.79 |
| Days Sales Outstanding | — | 82.36 | 69.34 | 70.78 | 72.15 | 79.03 | 79.96 | 79.40 | 68.74 | 64.56 | 64.56 |
KVHI Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
KVH Industries, Inc. returns 0.9% to shareholders annually primarily through share buybacks.
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 | — | — | — | — | — | — | — | — | — | — | — |
| FCF Yield | 4.9% | 7.2% | — | — | — | — | — | — | — | — | 7.0% |
| Buyback Yield | 0.9% | 1.3% | 0.0% | 0.2% | 0.0% | 0.0% | 0.2% | 0.7% | 0.0% | 0.2% | 0.2% |
| Total Shareholder Yield | 0.9% | 1.3% | 0.0% | 0.2% | 0.0% | 0.0% | 0.2% | 0.7% | 0.0% | 0.2% | 0.2% |
| Shares Outstanding | — | $19M | $19M | $19M | $19M | $18M | $18M | $17M | $17M | $16M | $16M |
Peer Comparison
Compare KVHI 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 |
|---|---|---|---|---|---|---|---|---|---|
 KVHIYou | $199M | -26.8 | — | 20.4 | 24.8% | -10.1% | -5.5% | -10.8% | — |
 GSAT | $10B | -138.1 | 119.1 | 57.9 | 66.9% | -0.4% | -17.1% | -0.1% | 6.2 |
 GILT | $1B | 55.4 | 27.8 | 150.1 | 29.5% | 4.5% | 5.2% | 5.7% | 0.3 |
 VSAT | $9B | -14.8 | 11.5 | — | 33.0% | -2.2% | -11.8% | -0.7% | 5.9 |
 SHEN | $898M | -22.9 | 13.8 | — | 26.9% | -6.2% | -4.0% | -1.1% | 5.9 |
 IRDM | $4B | 37.9 | 13.3 | 14.2 | 77.3% | 27.1% | 22.0% | 8.0% | 3.9 |
 SPOK | $225M | 14.4 | 8.9 | 8.9 | 78.8% | 14.1% | 10.5% | 11.3% | 0.3 |
 LMND | $4B | -23.7 | — | — | 40.3% | -21.8% | -29.4% | -36.8% | — |
 SATS | $35B | -2.4 | — | — | 37.1% | -118.1% | -178.7% | -32.9% | — |
 HII | $12B | 20.4 | 15.8 | 15.6 | 12.7% | 4.9% | 12.4% | 6.2% | 3.4 |
 LHX | $56B | 35.3 | 19.2 | 21.0 | 25.7% | 10.0% | 8.2% | 5.4% | 3.1 |
| Technology Median | — | 27.7 | 17.5 | 19.2 | 48.5% | -0.6% | 2.4% | 2.9% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 30 years · Updated daily
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Start ComparisonKVHI — Frequently Asked Questions
Quick answers to the most common questions about buying KVHI stock.
What is KVH Industries, Inc.'s P/E ratio?
KVH Industries, Inc.'s current P/E ratio is -26.8x. The historical average is 47.5x.
What is KVH Industries, Inc.'s ROE?
KVH Industries, Inc.'s return on equity (ROE) is -5.5%. The historical average is -1.4%.
Is KVHI stock overvalued?
Based on historical data, KVH Industries, Inc. is trading at a P/E of -26.8x. Compare with industry peers and growth rates for a complete picture.
What are KVH Industries, Inc.'s profit margins?
KVH Industries, Inc. has 24.8% gross margin and -10.1% operating margin.