Ladder Capital Corp (LADR) Financial Ratios
15 years of historical data (2011–2025) · Real Estate · REIT - Mortgage
EV/EBITDA
↓
17.24
↑+26% vs avg
5yr avg: 13.72
30Y Low8.8·High37.7
P/FCF
↓
14.91
+15% vs avg
5yr avg: 13.00
30Y Low4.4·High124.8
P/B Ratio
↓
0.87
-6% vs avg
5yr avg: 0.92
30Y Low0.7·High1.3
ROE
↑
4.3%
↑-31% vs avg
5yr avg: 6.2%
30Y Low-1%·High17%
Debt/EBITDA
↓
12.69
+11% vs avg
5yr avg: 11.46
30Y Low0.2·High27.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
LADR Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Ladder Capital Corp trades at 20.0x earnings, 19% above its 5-year average of 16.9x, sitting at the 73rd percentile of its historical range. Compared to the Real Estate sector median P/E of 24.1x, the stock trades at a discount of 17%. On a free-cash-flow basis, the stock trades at 14.9x P/FCF, 15% above the 5-year average of 13.0x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.3B | $1.4B | $1.4B | $1.4B | $1.3B | $1.5B | $1.1B | $1.9B | $1.5B | $1.5B | $1.5B |
| Enterprise Value | $4.8B | $4.9B | $3.2B | $4.2B | $4.9B | $5.2B | $4.1B | $6.7B | $5.2B | $5.3B | $4.3B |
| P/E Ratio → | 20.00 | 21.55 | 13.01 | 14.21 | 8.88 | 26.64 | — | 15.69 | 8.41 | 12.06 | 12.94 |
| P/S Ratio | 3.31 | 3.54 | 2.75 | 2.74 | 2.32 | 4.17 | 3.07 | 3.82 | 2.52 | 3.27 | 3.75 |
| P/B Ratio | 0.87 | 0.94 | 0.92 | 0.94 | 0.82 | 0.99 | 0.71 | 1.17 | 0.92 | 1.00 | 0.98 |
| P/FCF | 14.91 | 15.94 | 10.51 | 7.96 | 11.84 | 18.73 | 9.82 | 10.48 | 7.54 | 124.76 | 4.36 |
| P/OCF | 14.91 | 15.94 | 10.51 | 7.96 | 11.84 | 18.73 | 9.82 | 10.48 | 7.54 | 124.76 | 4.36 |
P/E links to full P/E history page with 30-year chart
LADR EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Ladder Capital Corp's enterprise value stands at 17.2x EBITDA, 26% above its 5-year average of 13.7x. This is roughly in line with the Real Estate sector median of 17.0x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 12.39 | 6.33 | 8.01 | 9.01 | 14.42 | 11.32 | 13.39 | 8.71 | 11.66 | 10.82 |
| EV / EBITDA | 17.24 | 17.56 | 8.84 | 11.36 | 12.31 | 18.52 | 17.98 | 37.65 | 11.14 | 29.85 | 26.96 |
| EV / EBIT | 19.60 | 20.07 | 9.74 | 12.02 | 13.39 | 21.45 | 19.47 | 19.54 | 12.38 | 19.04 | 17.72 |
| EV / FCF | — | 55.84 | 24.17 | 23.29 | 45.92 | 64.77 | 36.22 | 36.69 | 26.10 | 444.31 | 12.61 |
LADR Profitability
Margins and return-on-capital ratios measuring operating efficiency
Ladder Capital Corp earns an operating margin of 62.0%, significantly above the Real Estate sector average of 24.8%. Operating margins have compressed from 64.4% to 62.0% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 4.3% is modest. ROIC of 4.4% 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 | 71.8% | 71.8% | 77.2% | 79.1% | 78.9% | 68.9% | 66.9% | 78.3% | 80.8% | 74.3% | 71.5% |
| Operating Margin | 62.0% | 62.0% | 65.0% | 64.4% | 66.9% | 66.8% | 51.4% | 27.6% | 71.5% | 30.4% | 30.2% |
| Net Profit Margin | 16.4% | 16.4% | 21.2% | 19.3% | 26.2% | 15.8% | -4.0% | 24.4% | 30.0% | 20.9% | 16.9% |
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 | 4.3% | 4.3% | 7.1% | 6.6% | 9.3% | 3.7% | -0.9% | 7.5% | 11.5% | 6.4% | 4.4% |
| ROA | 1.3% | 1.3% | 2.1% | 1.8% | 2.4% | 1.0% | -0.2% | 1.9% | 2.9% | 1.6% | 1.2% |
| ROIC | 4.4% | 4.4% | 6.5% | 5.4% | 5.3% | 3.7% | 2.5% | 1.8% | 6.0% | 2.2% | 2.1% |
| ROCE | 5.0% | 5.0% | 6.8% | 6.5% | 6.7% | 4.5% | 3.1% | 2.1% | 7.0% | 2.4% | 2.4% |
LADR Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Ladder Capital Corp carries a Debt/EBITDA ratio of 12.7x, which is highly leveraged (60% above the sector average of 7.9x). Net debt stands at $3.5B ($3.5B total debt minus $38M cash). Interest coverage of just 1.4x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.37 | 2.37 | 2.06 | 2.47 | 2.77 | 2.79 | 2.72 | 2.97 | 2.31 | 2.63 | 1.88 |
| Debt / EBITDA | 12.69 | 12.69 | 8.61 | 10.22 | 10.66 | 15.13 | 18.67 | 27.23 | 8.07 | 21.89 | 17.91 |
| Net Debt / Equity | — | 2.34 | 1.19 | 1.81 | 2.37 | 2.43 | 1.91 | 2.93 | 2.26 | 2.57 | 1.85 |
| Net Debt / EBITDA | 12.55 | 12.55 | 5.00 | 7.48 | 9.13 | 13.16 | 13.11 | 26.90 | 7.92 | 21.46 | 17.63 |
| Debt / FCF | — | 39.90 | 13.66 | 15.33 | 34.08 | 46.04 | 26.40 | 26.21 | 18.56 | 319.54 | 8.25 |
| Interest Coverage | 1.38 | 1.38 | 1.50 | 1.43 | 1.87 | 1.32 | 0.92 | 1.68 | 2.18 | 1.91 | 1.99 |
LADR Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.50x is below 1.0, meaning current liabilities exceed current assets.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.50 | 0.50 | — | — | — | — | 4.91 | 8075.27 | 21.53 | 1912.50 | 0.99 |
| Quick Ratio | 0.50 | 0.50 | — | — | — | — | 4.91 | 8078.38 | 5167.83 | 1975.93 | 1.19 |
| Cash Ratio | 0.35 | 0.35 | 7.61 | 2.15 | 1.05 | 1.93 | 1.69 | 7979.71 | 1136.05 | 84513.64 | 84.49 |
| Asset Turnover | — | 0.08 | 0.11 | 0.10 | 0.09 | 0.06 | 0.06 | 0.08 | 0.10 | 0.08 | 0.07 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
LADR Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Ladder Capital Corp returns 10.0% to shareholders annually — split between a 9.1% dividend yield and 0.9% buyback yield. The payout ratio exceeds 100% at 182.9%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 5.0% (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 | 9.1% | 8.5% | 8.4% | 8.1% | 8.5% | 6.7% | 10.8% | 7.5% | 8.1% | 6.7% | 4.5% |
| Payout Ratio | 182.9% | 182.9% | 108.7% | 115.1% | 75.2% | 177.9% | — | 117.8% | 68.2% | 105.0% | 100.7% |
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 | 5.0% | 4.6% | 7.7% | 7.0% | 11.3% | 3.8% | — | 6.4% | 11.9% | 8.3% | 7.7% |
| FCF Yield | 6.7% | 6.3% | 9.5% | 12.6% | 8.4% | 5.3% | 10.2% | 9.5% | 13.3% | 0.8% | 22.9% |
| Buyback Yield | 0.9% | 0.8% | 0.5% | 0.2% | 0.6% | 0.6% | 0.3% | 0.0% | 0.0% | 0.2% | 0.3% |
| Total Shareholder Yield | 10.0% | 9.3% | 8.8% | 8.3% | 9.1% | 7.3% | 11.1% | 7.6% | 8.1% | 6.9% | 4.9% |
| Shares Outstanding | — | $126M | $126M | $125M | $126M | $125M | $112M | $106M | $98M | $110M | $108M |
Peer Comparison
Compare LADR 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 |
|---|---|---|---|---|---|---|---|---|---|
 LADRYou | $1B | 20.0 | 17.2 | 14.9 | 71.8% | 62.0% | 4.3% | 4.4% | 12.7 |
 BXMT | $3B | 28.3 | 16.2 | 11.1 | 76.9% | 71.6% | 3.0% | 4.3% | 14.0 |
 RC | $289M | -1.2 | 47.7 | — | 87.7% | 24.2% | -12.8% | 1.2% | 47.4 |
 TRTX | $665M | 15.1 | 15.1 | 7.4 | 79.3% | 73.0% | 5.5% | 4.7% | 12.9 |
 GPMT | $63M | -1.1 | 20.6 | 23.7 | 83.0% | 43.6% | -7.0% | 2.6% | 20.6 |
 KREF | $454M | -6.7 | 18.5 | 6.8 | 88.3% | 59.3% | -3.6% | 3.4% | 17.1 |
 ARI | $1B | 13.4 | 19.4 | 34.0 | 80.1% | 65.4% | 6.8% | 4.0% | 16.7 |
 ACRE | $256M | -281.7 | 18.2 | 13.0 | 57.4% | 72.4% | -0.2% | 2.9% | 14.9 |
 STWD | $6B | 13.7 | 18.3 | 8.7 | 80.5% | 76.2% | 5.6% | 4.8% | 14.6 |
 BRSP | $722M | -21.3 | 18.7 | 9.9 | 49.6% | 39.5% | -3.2% | 3.0% | 14.8 |
 FBRT | $649M | 13.2 | 48.5 | 2.2 | — | — | 5.4% | 1.2% | 43.6 |
| Real Estate Median | — | 24.1 | 17.0 | 15.4 | 49.3% | 24.8% | 3.7% | 2.7% | 7.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 15 years · Updated daily
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LADR — Frequently Asked Questions
Quick answers to the most common questions about buying LADR stock.
What is Ladder Capital Corp's P/E ratio?
Ladder Capital Corp's current P/E ratio is 20.0x. The historical average is 15.8x. This places it at the 73th percentile of its historical range.
What is Ladder Capital Corp's EV/EBITDA?
Ladder Capital Corp's current EV/EBITDA is 17.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 20.2x.
What is Ladder Capital Corp's ROE?
Ladder Capital Corp's return on equity (ROE) is 4.3%. The historical average is 7.1%.
Is LADR stock overvalued?
Based on historical data, Ladder Capital Corp is trading at a P/E of 20.0x. This is at the 73th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Ladder Capital Corp's dividend yield?
Ladder Capital Corp's current dividend yield is 9.12% with a payout ratio of 182.9%.
What are Ladder Capital Corp's profit margins?
Ladder Capital Corp has 71.8% gross margin and 62.0% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Ladder Capital Corp have?
Ladder Capital Corp's Debt/EBITDA ratio is 12.7x, indicating high leverage. A ratio above 4x may signal elevated financial risk.