Latest Ratios: P/E Ratio 10.7x · EV/EBITDA 6.3x · 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 | $325M | $646M | $637M | $610M | — | — | — | — | — | — | — |
| Enterprise Value | $864M | $1.2B | $998M | $1.1B | — | — | — | — | — | — | — |
| P/E Ratio → | 10.71 | 10.68 | 12.90 | 13.32 | — | — | — | — | — | — | — |
| P/S Ratio | 1.01 | 2.01 | 2.00 | 2.41 | — | — | — | — | — | — | — |
| P/B Ratio | 1.63 | 1.63 | 2.15 | 2.45 | — | — | — | — | — | — | — |
| P/FCF | 5.81 | 11.57 | — | — | — | — | — | — | — | — | — |
| P/OCF | 5.80 | 11.55 | — | — | — | — | — | — | — | — | — |
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 | 3.13 | 4.38 | — | — | — | — | — | — | — |
| EV / EBITDA | 6.28 | 8.62 | 14.16 | 22.95 | — | — | — | — | — | — | — |
| EV / EBIT | 6.31 | 8.66 | 14.53 | 24.41 | — | — | — | — | — | — | — |
| EV / FCF | — | 21.21 | — | — | — | — | — | — | — | — | — |
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% | 7.8% | 7.5% | — | — | — | — | — | — | — |
| FCF Yield | 17.2% | 8.6% | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.5% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 4.8% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $26M | $25M | $24M | $24M | $23M | $21M | $19M | $19M | $17M | $15M |
SBA secondary market volatility
As reported in financial statements, NEWTI trades at a P/E of 10.71, which appears to discount the company's ongoing pivot from a BDC to a bank holding company while potentially underestimating the long-term earnings power of its integrated digital platform compared to traditional bank peers.
The current valuation multiples suggest the market is struggling to categorize the firm, oscillating between BDC-style yield-based pricing and bank-style book value metrics. Investors should monitor whether the forward P/E of 10.88 remains sustainable as the company absorbs the regulatory costs inherent in its new holding company structure.
Based on reported figures, the company's ROIC has remained suppressed, hovering near 1.7% in 2026Q1, which suggests that the capital-intensive nature of the bank conversion is currently diluting the returns generated by the core SBA lending engine compared to historical BDC performance levels.
The decline in return metrics warrants further investigation into whether the firm can effectively deploy its expanded balance sheet to generate higher yields. The current trend indicates that asset growth is outpacing the company's ability to compound returns, potentially signaling a period of structural inefficiency.
According to recent SEC filings, the asset turnover ratio remains exceptionally low at 0.03, reflecting the significant expansion of the balance sheet that has not yet been matched by a proportional increase in revenue-generating activity within the new banking framework.
The lack of meaningful improvement in asset turnover suggests that the company is currently in a heavy investment phase where capital is being tied up in regulatory compliance and infrastructure. This trend implies that operational leverage may remain muted until the bank subsidiary reaches a more mature scale.
As indicated by the financial data, the debt-to-equity ratio surged to 5.96 in 2026Q1, a sharp increase from 2.07 in 2025Q4, which suggests that the firm is increasingly reliant on debt to fund its transition and maintain its regulatory capital requirements.
This rapid rise in leverage warrants close monitoring, as it reduces the company's financial flexibility and increases sensitivity to interest rate fluctuations. The interest coverage ratio of 1.59 in 2026Q1 indicates that debt service capacity is tightening, which may limit future capital allocation options.
Based on the company's unique business model, the Price-to-Book (P/B) ratio is frequently misapplied by analysts who fail to adjust for the significant intangible assets and servicing rights inherent in the SBA gain-on-sale model, leading to an inaccurate assessment of the firm's true equity value.
Investors should instead focus on tangible book value and the valuation of servicing assets, as the standard P/B ratio obscures the underlying economic value of the loan servicing portfolio. Relying on traditional bank metrics may lead to an undervaluation of the company's proprietary technology platform and its recurring fee-based revenue streams.
Includes 30+ ratios · 27 years · Updated daily
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Quick answers to the most common questions about buying NEWTI stock.
NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028's current P/E ratio is 10.7x. The historical average is 12.3x. This places it at the 33th percentile of its historical range.
NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028's current EV/EBITDA is 6.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 15.2x.
NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028's return on equity (ROE) is 17.4%. The historical average is 9.6%.
Based on historical data, NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 is trading at a P/E of 10.7x. This is at the 33th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028's current dividend yield is 4.33%.
NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028 has 75.3% gross margin and 42.5% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
NewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 2028's Debt/EBITDA ratio is 6.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.