8 years of historical data (2018–2025) · Technology · Software - Application
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
nCino, 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 35.8x P/FCF, 94% below the 5-year average of 583.6x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.9B | $3.9B | $3.5B | $3.2B | $4.4B | $6.3B | — | — | — |
| Enterprise Value | $2.0B | $4.0B | $3.5B | $3.2B | $4.4B | $5.9B | — | — | — |
| P/E Ratio → | -48.91 | — | — | — | — | — | — | — | — |
| P/S Ratio | 3.54 | 7.24 | 7.44 | 11.55 | 16.19 | 30.77 | — | — | — |
| P/B Ratio | 1.69 | 3.57 | 3.37 | 3.08 | 4.14 | 14.65 | — | — | — |
| P/FCF | 35.81 | 73.37 | 66.40 | — | 907.61 | 1287.17 | — | — | — |
| P/OCF | 34.63 | 70.96 | 61.92 | — | 480.68 | 681.69 | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
nCino, Inc.'s enterprise value stands at 111.3x EBITDA, 73% below its 5-year average of 415.7x. The Technology sector median is 15.7x, placing the stock at a 607% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 7.46 | 7.36 | 11.60 | 16.04 | 29.03 | — | — | — |
| EV / EBITDA | 111.31 | 221.40 | 610.06 | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | 75.54 | 65.70 | — | 899.59 | 1214.45 | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
nCino, Inc. earns an operating margin of -3.4%. Operating margins have expanded from -26.1% to -3.4% over the past 3 years, signaling improving operational efficiency. A negative ROE of -3.5% indicates the company is currently destroying shareholder equity.
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 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 60.1% | 60.1% | 59.8% | 59.3% | 59.3% | 56.9% | 53.6% | 49.3% | 47.6% |
| Operating Margin | -3.4% | -3.4% | -8.3% | -26.1% | -26.1% | -20.9% | -20.4% | -25.4% | -32.3% |
| Net Profit Margin | -7.0% | -7.0% | -8.9% | -18.3% | -18.1% | -19.8% | -20.0% | -24.4% | -32.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | -3.5% | -3.5% | -4.1% | -4.8% | -6.6% | -13.5% | -23.2% | -31.0% | -23.8% |
| ROA | -2.6% | -2.6% | -3.2% | -3.8% | -5.3% | -10.0% | -14.9% | -19.2% | -16.5% |
| ROIC | -1.2% | -1.2% | -2.9% | -5.2% | -9.7% | -41.4% | -58.6% | — | — |
| ROCE | -1.5% | -1.5% | -3.5% | -6.3% | -9.1% | -13.7% | -23.4% | -31.9% | -24.1% |
Solvency and debt-coverage ratios — lower is generally safer
nCino, Inc. carries a Debt/EBITDA ratio of 13.0x, which is highly leveraged (339% above the sector average of 3.0x). Net debt stands at $116M ($237M total debt minus $121M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.22 | 0.22 | 0.07 | 0.09 | 0.05 | 0.04 | — | — | — |
| Debt / EBITDA | 13.00 | 13.00 | 12.90 | — | — | — | — | — | — |
| Net Debt / Equity | — | 0.11 | -0.04 | 0.01 | -0.04 | -0.83 | -0.53 | -1.13 | -1.03 |
| Net Debt / EBITDA | 6.36 | 6.36 | -6.58 | — | — | — | — | — | — |
| Debt / FCF | — | 2.17 | -0.71 | — | -8.02 | -72.72 | — | — | — |
| Interest Coverage | -2.07 | -2.07 | -9.56 | -25.42 | -47.13 | -327.75 | — | — | — |
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.20x means nCino, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 1.01x to 1.20x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.20 | 1.20 | 1.17 | 1.01 | 1.05 | 3.82 | 1.90 | 2.08 | 3.12 |
| Quick Ratio | 1.20 | 1.20 | 1.17 | 1.01 | 1.05 | 3.82 | 1.90 | 2.08 | 3.12 |
| Cash Ratio | 0.48 | 0.48 | 0.52 | 0.40 | 0.50 | 3.21 | 1.19 | 1.42 | 2.31 |
| Asset Turnover | — | 0.34 | 0.36 | 0.21 | 0.21 | 0.36 | 0.55 | 0.76 | 0.51 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 99.10 | 86.53 | 132.61 | 99.33 | 99.19 | 114.66 | 118.95 | 152.56 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
nCino, Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business.
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 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — |
| FCF Yield | 2.8% | 1.4% | 1.5% | — | 0.1% | 0.1% | — | — | — |
| Buyback Yield | 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% | — | — | — |
| Shares Outstanding | — | $115M | $113M | $111M | $97M | $88M | $90M | $90M | $90M |
Compare NCNO 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 |
|---|---|---|---|---|---|---|---|---|---|
| NCNOYou | $2B | -48.9 | 111.3 | 35.8 | 60.1% | -3.4% | -3.5% | -1.2% | 13.0 |
| INTU | $114B | 29.9 | 20.6 | 18.8 | 80.8% | 26.1% | 20.3% | 16.5% | 1.2 |
| FICO | $33B | 53.1 | 38.8 | 43.5 | 82.2% | 46.5% | — | 59.7% | 3.3 |
| SSNC | $18B | 23.9 | 12.6 | 11.0 | 48.2% | 22.9% | 11.8% | 10.8% | 0.2 |
| GWRE | $12B | 179.4 | 189.7 | 41.6 | 62.5% | 3.4% | 5.0% | 2.3% | 11.0 |
| FRGE | $8B | -8.3 | — | — | -43.3% | -103.7% | -26.8% | -45.6% | — |
| QTWO | $3B | 60.1 | 74.9 | 15.5 | 54.1% | 5.0% | 8.8% | 4.5% | 8.7 |
| SPNS | $2B | 33.7 | 22.1 | 33.6 | 45.0% | 16.8% | 15.5% | 17.4% | 0.6 |
| BL | $2B | 24.3 | 32.6 | 11.7 | 75.2% | 2.8% | 41.6% | 1.4% | 13.3 |
| ALKT | $2B | -36.0 | — | 42.4 | 57.8% | -12.1% | -13.3% | -8.6% | — |
| UPBD | $1B | 9.7 | 8.1 | 25.6 | 48.1% | 6.7% | 20.8% | 10.4% | 4.6 |
| Technology Median | — | 25.2 | 15.7 | 17.3 | 49.8% | -0.9% | 1.1% | 2.9% | 3.0 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 8 years · Updated daily
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Start ComparisonnCino, Inc.'s current P/E ratio is -48.9x. This places it at the 50th percentile of its historical range.
nCino, Inc.'s current EV/EBITDA is 111.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA.
nCino, Inc.'s return on equity (ROE) is -3.5%. The historical average is -13.8%.
Based on historical data, nCino, Inc. is trading at a P/E of -48.9x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
nCino, Inc. has 60.1% gross margin and -3.4% operating margin.
nCino, Inc.'s Debt/EBITDA ratio is 13.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.