Latest Ratios: P/E Ratio 10.7x · EV/EBITDA 8.7x · ROE 17.4%. (1999–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $656M | $647M | $649M | — | — | — | — | — | — | — | — |
| Enterprise Value | $1.2B | $1.2B | $1.0B | — | — | — | — | — | — | — | — |
| P/E Ratio → | 10.70 | 10.69 | 13.15 | — | — | — | — | — | — | — | — |
| P/S Ratio | 2.04 | 2.01 | 2.04 | — | — | — | — | — | — | — | — |
| P/B Ratio | 1.63 | 1.63 | 2.19 | — | — | — | — | — | — | — | — |
| P/FCF | 11.73 | 11.58 | — | — | — | — | — | — | — | — | — |
| P/OCF | 11.71 | 11.56 | — | — | — | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
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 | — | 3.68 | 3.17 | — | — | — | — | — | — | — | — |
| EV / EBITDA | 8.69 | 8.63 | 14.34 | — | — | — | — | — | — | — | — |
| EV / EBIT | 8.73 | 8.67 | 14.71 | — | — | — | — | — | — | — | — |
| EV / FCF | — | 21.23 | — | — | — | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
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 | 75.3% | 75.3% | 66.3% | 68.6% | 80.0% | 87.8% | 80.7% | 50.7% | 57.4% | 50.4% | 50.8% |
| Operating Margin | 42.5% | 42.5% | 21.5% | 17.9% | 29.5% | 50.8% | 35.1% | 13.4% | -25.3% | -40.5% | -51.8% |
| Net Profit Margin | 18.8% | 18.8% | 15.9% | 18.7% | 24.6% | 50.0% | 36.2% | 46.3% | 72.1% | 100.2% | 88.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 17.4% | 17.4% | 18.7% | 15.2% | 8.3% | 22.6% | 10.2% | 13.5% | 12.6% | 16.0% | 13.2% |
| ROA | 2.5% | 2.5% | 2.9% | 3.9% | 3.1% | 8.9% | 4.1% | 5.7% | 6.1% | 8.5% | 7.2% |
| ROIC | 9.2% | 9.2% | 5.4% | 3.7% | 3.2% | 7.6% | 3.1% | 1.3% | -1.7% | -2.7% | -3.4% |
| ROCE | 13.6% | 13.6% | 7.3% | 5.0% | 3.9% | 9.1% | 4.1% | 1.7% | -2.2% | -3.5% | -4.4% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.07 | 2.07 | 2.41 | 2.61 | 1.46 | 1.19 | 1.36 | 1.37 | 1.15 | 0.78 | 0.82 |
| Debt / EBITDA | 5.99 | 5.99 | 10.14 | 13.49 | 14.03 | 5.61 | 13.94 | 35.54 | — | — | — |
| Net Debt / Equity | — | 1.36 | 1.22 | 2.00 | 1.32 | 1.19 | 1.35 | 1.37 | 1.15 | 0.77 | 0.81 |
| Net Debt / EBITDA | 3.92 | 3.92 | 5.13 | 10.32 | 12.65 | 5.58 | 13.88 | 35.39 | — | — | — |
| Debt / FCF | — | 9.65 | — | — | — | 3.40 | 25.82 | — | — | — | — |
| Interest Coverage | 2.42 | 2.42 | 0.85 | 0.67 | 1.47 | 4.17 | 1.82 | 3.17 | 3.29 | 4.61 | -0.10 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.20 | 0.20 | 0.42 | 0.54 | 8.48 | 22.18 | 9.93 | 2.30 | 1.71 | 3.09 | 3.14 |
| Quick Ratio | 0.20 | 0.20 | 0.42 | 0.54 | 8.48 | 22.18 | 9.93 | 2.30 | 1.71 | 3.09 | 3.14 |
| Cash Ratio | 0.17 | 0.17 | 0.33 | 0.29 | 0.70 | 0.22 | 0.18 | 0.04 | 0.05 | 0.24 | 0.22 |
| Asset Turnover | — | 0.12 | 0.15 | 0.18 | 0.13 | 0.16 | 0.11 | 0.11 | 0.08 | 0.07 | 0.08 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
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 | 4.3% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | 0.9% | 29.9% | 199.8% | 83.4% | 126.7% | 99.1% | 90.9% | 72.3% | 100.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 9.3% | 9.4% | 7.6% | — | — | — | — | — | — | — | — |
| FCF Yield | 8.5% | 8.6% | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.2% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 4.6% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $26M | $25M | $24M | $24M | $23M | $21M | $19M | $19M | $17M | $15M |
SBA secondary market volatility
According to current market data, NewtekOne trades at a P/E of 10.70, which appears to reflect a complexity discount relative to regional bank peers like Huntington Bancshares, likely due to the market's struggle to reconcile its hybrid lending and business services revenue model with traditional banking multiples.
The valuation suggests that investors are applying a conservative multiple, potentially pricing in the execution risk of the BHC transition. While the forward P/E of 10.88 implies stable earnings expectations, the divergence between this and the company's historical volatility warrants caution regarding whether the market is correctly valuing the recurring revenue streams from IT and payment services.
Based on reported financial statements, NewtekOne's ROIC has remained suppressed, fluctuating between 0.8% and 2.6% over the last ten quarters, which suggests that the company is struggling to generate meaningful returns on its invested capital as it scales its asset-heavy banking operations following the BDC conversion.
The low ROIC relative to regional peers indicates that the company's capital allocation is currently inefficient, likely hampered by the high cost of maintaining a multi-segment platform. Investors should monitor whether the shift to a BHC model eventually improves capital efficiency through lower funding costs or if the structural complexity continues to dilute returns.
As reported in recent SEC filings, NewtekOne's debt-to-equity ratio reached 5.96 in 2026Q1, a significant escalation from 2.61 in 2023Q4, indicating that the company's aggressive balance sheet expansion is increasingly reliant on debt financing rather than organic equity growth to support its evolving business model.
The rising leverage profile, coupled with an interest coverage ratio of 1.59, suggests that debt service capacity is becoming tighter as the company navigates its transition. This trend warrants close investigation, as any further compression in net interest margins could leave the company with limited flexibility to manage its debt obligations under stress.
Market participants frequently misapply the Price-to-Book ratio to NewtekOne, failing to account for the fact that a significant portion of the company's value is derived from non-bank business services, which renders traditional book value metrics less relevant for assessing the firm's true earning power.
Using P/B as a primary valuation tool obscures the value of the company's proprietary data ecosystem and recurring service revenue, which are not fully captured on the balance sheet. Analysts should instead prioritize an adjusted EV/EBITDA or a sum-of-the-parts valuation to better reflect the distinct contributions of the lending and business services segments.
Includes 30+ ratios · 27 years · Updated daily
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Quick answers to the most common questions about buying NEWTH stock.
NewtekOne, Inc.'s current P/E ratio is 10.7x. The historical average is 11.9x. This places it at the 50th percentile of its historical range.
NewtekOne, Inc.'s current EV/EBITDA is 8.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.5x.
NewtekOne, Inc.'s return on equity (ROE) is 17.4%. The historical average is 9.6%.
Based on historical data, NewtekOne, Inc. is trading at a P/E of 10.7x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
NewtekOne, Inc.'s current dividend yield is 4.33%.
NewtekOne, Inc. has 75.3% gross margin and 42.5% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
NewtekOne, Inc.'s Debt/EBITDA ratio is 6.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.