Lightspeed Commerce Inc. (LSPD) Financial Ratios
11 years of historical data (2016–2026) · Technology · Software - Application
EV/EBITDA
256.82
+1% vs avg
5yr avg: 255.11
P/FCF
17.80
+0% vs avg
5yr avg: 17.72
30Y Low17.7·High17.7
P/B Ratio
↓
0.85
↓-10% vs avg
5yr avg: 0.95
30Y Low0.8·High3.4
ROE
↑
-9.2%
↓+52% vs avg
5yr avg: -19.1%
30Y Low-93%·High-7%
Debt/EBITDA
6.37
+0% vs avg
5yr avg: 6.37
30Y Low6.4·High6.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
LSPD Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Lightspeed Commerce 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 17.8x P/FCF, roughly in line with the 5-year average of 17.7x.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.3B | $1.2B | $1.3B | $2.2B | $2.3B | $4.3B | $6.6B | $1.2B | — | — | — |
| Enterprise Value | $816M | $810M | $803M | $1.5B | $1.5B | $3.4B | $5.8B | $993M | — | — | — |
| P/E Ratio → | -8.83 | — | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 1.02 | 1.02 | 1.25 | 2.38 | 3.13 | 7.87 | 29.81 | 9.61 | — | — | — |
| P/B Ratio | 0.85 | 0.84 | 0.81 | 0.90 | 0.91 | 1.27 | 3.42 | 3.37 | — | — | — |
| P/FCF | 17.80 | 17.72 | — | — | — | — | — | — | — | — | — |
| P/OCF | 16.29 | 16.22 | — | — | — | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
LSPD EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Lightspeed Commerce Inc.'s enterprise value stands at 256.8x EBITDA, roughly in line with its 5-year average of 255.1x. The Technology sector median is 16.6x, placing the stock at a 1443% premium on an enterprise-value basis.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.66 | 0.75 | 1.61 | 2.06 | 6.24 | 26.38 | 8.23 | — | — | — |
| EV / EBITDA | 256.82 | 255.11 | — | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | 11.52 | — | — | — | — | — | — | — | — | — |
LSPD Profitability
Margins and return-on-capital ratios measuring operating efficiency
Lightspeed Commerce Inc. earns an operating margin of -12.0%. Operating margins have expanded from -22.3% to -12.0% over the past 3 years, signaling improving operational efficiency. A negative ROE of -9.2% indicates the company is currently destroying shareholder equity.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 42.9% | 42.9% | 41.8% | 42.4% | 45.4% | 49.5% | 57.6% | 64.2% | 69.6% | 69.4% | 64.8% |
| Operating Margin | -12.0% | -12.0% | -64.6% | -22.3% | -150.4% | -58.1% | -58.5% | -48.4% | -30.0% | -38.4% | -79.8% |
| Net Profit Margin | -11.8% | -11.8% | -62.0% | -18.0% | -146.5% | -52.6% | -56.0% | -44.4% | -237.0% | -168.5% | -137.1% |
Return on Capital
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -9.2% | -9.2% | -32.7% | -6.7% | -36.3% | -10.8% | -10.9% | -19.8% | -93.3% | — | — |
| ROA | -8.3% | -8.3% | -30.3% | -6.3% | -34.0% | -10.1% | -9.6% | -14.6% | -114.8% | -161.0% | -105.3% |
| ROIC | -10.2% | -10.2% | -36.8% | -8.9% | -39.0% | -13.0% | -14.4% | -52.5% | — | — | — |
| ROCE | -9.3% | -9.3% | -33.9% | -8.2% | -36.8% | -11.7% | -10.8% | -19.0% | -19.6% | -71.9% | -108.9% |
LSPD Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Lightspeed Commerce Inc. carries a Debt/EBITDA ratio of 6.4x, which is highly leveraged (117% above the sector average of 2.9x). The company holds a net cash position — cash of $457M exceeds total debt of $20M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.03 | 0.14 | — | — | — |
| Debt / EBITDA | 6.37 | 6.37 | — | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.29 | -0.33 | -0.29 | -0.31 | -0.26 | -0.39 | -0.48 | -1.06 | — | — |
| Net Debt / EBITDA | -137.50 | -137.50 | — | — | — | — | — | — | — | — | — |
| Debt / FCF | — | -6.21 | — | — | — | — | — | — | — | — | — |
| Interest Coverage | -113.24 | -113.24 | -444.31 | -128.78 | -521.99 | -108.99 | -43.90 | — | — | -817.96 | — |
Net cash position: cash ($457M) exceeds total debt ($20M)
LSPD Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Lightspeed Commerce Inc.'s current ratio of 4.16x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has declined from 6.34x to 4.16x over the past 3 years.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 4.16 | 4.16 | 5.36 | 6.34 | 6.21 | 6.60 | 7.53 | 3.24 | 4.56 | 0.99 | 0.90 |
| Quick Ratio | 4.07 | 4.07 | 5.26 | 6.23 | 6.12 | 6.56 | 7.51 | 3.22 | 4.55 | 0.98 | 0.89 |
| Cash Ratio | 2.76 | 2.76 | 3.75 | 4.99 | 5.32 | 6.04 | 7.19 | 3.01 | 4.27 | 0.72 | 0.63 |
| Asset Turnover | — | 0.73 | 0.59 | 0.35 | 0.27 | 0.15 | 0.11 | 0.25 | 0.30 | 0.89 | 0.77 |
| Inventory Turnover | 43.93 | 43.93 | 42.88 | 31.77 | 31.04 | 36.76 | 59.80 | 46.35 | 87.63 | 73.44 | 56.40 |
| Days Sales Outstanding | — | 14.21 | 23.72 | 29.94 | 32.06 | 29.31 | 44.46 | 34.02 | 39.70 | 26.40 | 37.26 |
LSPD Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Lightspeed Commerce Inc. returns 9.2% to shareholders annually primarily through share buybacks.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — | — | — |
| FCF Yield | 5.6% | 5.6% | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 9.2% | 9.3% | 9.8% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Total Shareholder Yield | 9.2% | 9.3% | 9.8% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Shares Outstanding | — | $139M | $154M | $154M | $150M | $142M | $105M | $86M | $81M | $81M | $81M |
Peer Comparison
Compare LSPD 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 |
|---|---|---|---|---|---|---|---|---|---|
 LSPDYou | $1B | -8.8 | 256.8 | 17.8 | 42.9% | -12.0% | -9.2% | -10.2% | 6.4 |
 PAR | $624M | -7.2 | — | — | 43.5% | -15.1% | -10.0% | -4.5% | — |
 RSKD | $748M | -27.0 | — | 22.6 | 51.1% | -8.4% | -8.1% | -22.2% | — |
 FOUR | $3B | 35.7 | 8.1 | 5.3 | 34.2% | 8.4% | 8.0% | 6.3% | 5.9 |
 TOST | $14B | 43.3 | 34.3 | 23.1 | 25.8% | 5.0% | 18.6% | 30.8% | 0.1 |
 V | $627B | 32.0 | 25.0 | 29.0 | 80.4% | 60.0% | 52.1% | 29.2% | 1.0 |
 MA | $429B | 29.3 | 21.3 | 25.3 | 83.4% | 59.2% | 209.9% | 56.5% | 0.9 |
 PYPL | $37B | 7.8 | 5.6 | 6.7 | 46.6% | 18.3% | 25.7% | 15.0% | 1.4 |
 SHOP | $140B | 114.9 | 92.6 | 69.8 | 48.1% | 12.7% | 9.8% | 9.4% | 0.1 |
 INTU | $71B | 18.9 | 13.0 | 11.6 | 80.8% | 26.1% | 20.3% | 16.5% | 1.2 |
 GLBE | $5B | 80.8 | 55.2 | 19.0 | 45.3% | 7.4% | 7.5% | 7.8% | 0.3 |
| 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 · 11 years · Updated daily
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LSPD — Frequently Asked Questions
Quick answers to the most common questions about buying LSPD stock.
What is Lightspeed Commerce Inc.'s P/E ratio?
Lightspeed Commerce Inc.'s current P/E ratio is -8.8x. This places it at the 50th percentile of its historical range.
What is Lightspeed Commerce Inc.'s EV/EBITDA?
Lightspeed Commerce Inc.'s current EV/EBITDA is 256.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA.
What is Lightspeed Commerce Inc.'s ROE?
Lightspeed Commerce Inc.'s return on equity (ROE) is -9.2%. The historical average is -27.5%.
Is LSPD stock overvalued?
Based on historical data, Lightspeed Commerce 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 Lightspeed Commerce Inc.'s profit margins?
Lightspeed Commerce Inc. has 42.9% gross margin and -12.0% operating margin.
How much debt does Lightspeed Commerce Inc. have?
Lightspeed Commerce Inc.'s Debt/EBITDA ratio is 6.4x, indicating high leverage. A ratio above 4x may signal elevated financial risk.