FiscalNote Holdings, Inc. (NOTE) Financial Ratios
7 years of historical data (2019–2025) · Technology · Information Technology Services
EV/EBITDA
N/A
—
5yr avg: N/A
P/FCF
N/A
—
5yr avg: N/A
P/B Ratio
↓
0.00
—
5yr avg: 1.96
30Y Low0.0·High28.2
ROE
↑
-0.2%
↓+100% vs avg
5yr avg: -124.9%
30Y Low-404%·High13%
Debt/EBITDA
N/A
—
5yr avg: N/A
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
NOTE Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
FiscalNote Holdings, Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $3M | $21M | $147M | $150M | $421M | $154M | $218M | — |
| Enterprise Value | $147M | $165M | $291M | $385M | $559M | $455M | $389M | — |
| P/E Ratio → | -0.04 | — | 15.47 | — | — | — | — | — |
| P/S Ratio | 0.03 | 0.22 | 1.22 | 1.13 | 3.70 | 1.85 | 3.34 | — |
| P/B Ratio | 0.00 | 0.00 | 1.50 | 3.45 | 2.91 | — | 28.17 | — |
| P/FCF | — | — | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
NOTE EV Ratios
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 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.73 | 2.42 | 2.90 | 4.91 | 5.49 | 5.97 | — |
| EV / EBITDA | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | 8.65 | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — |
NOTE Profitability
Margins and return-on-capital ratios measuring operating efficiency
FiscalNote Holdings, Inc. earns an operating margin of -38.9%. Operating margins have expanded from -73.7% to -38.9% over the past 3 years, signaling improving operational efficiency. A negative ROE of -0.2% indicates the company is currently destroying shareholder equity.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 69.3% | 69.3% | 63.3% | 56.2% | 57.9% | 56.1% | 58.7% | 80.0% |
| Operating Margin | -38.9% | -38.9% | -26.6% | -73.7% | -77.5% | -67.0% | -44.5% | -44.2% |
| Net Profit Margin | -68.4% | -68.4% | 7.9% | -87.0% | -191.8% | -132.0% | -78.7% | -50.5% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | -0.2% | -0.2% | 13.5% | -122.7% | -390.2% | — | -404.1% | -188.6% |
| ROA | -0.1% | -0.1% | 2.7% | -28.7% | -53.8% | -33.2% | -19.6% | -13.7% |
| ROIC | -0.1% | -0.1% | -9.2% | -26.1% | -24.0% | -18.7% | -12.0% | -12.0% |
| ROCE | -0.0% | -0.0% | -11.0% | -28.9% | -25.9% | -20.1% | -13.1% | -14.8% |
NOTE Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Net debt stands at $144M ($173M total debt minus $29M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.00 | 0.00 | 1.77 | 5.79 | 1.37 | — | 27.83 | 9.68 |
| Debt / EBITDA | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | 0.00 | 1.47 | 5.41 | 0.95 | — | 22.11 | 9.33 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — |
| Interest Coverage | -2.25 | -2.25 | 1.43 | -2.85 | -1.31 | -0.81 | -0.65 | -1.27 |
NOTE Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.90x is below 1.0, meaning current liabilities exceed current assets. The current ratio has improved from 0.76x to 0.90x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.90 | 0.90 | 1.12 | 0.76 | 1.38 | 0.78 | 1.60 | 0.43 |
| Quick Ratio | 0.90 | 0.90 | 1.12 | 0.76 | 1.38 | 0.78 | 1.60 | 0.43 |
| Cash Ratio | 0.04 | 0.04 | 0.68 | 0.36 | 0.97 | 0.46 | 1.26 | 0.14 |
| Asset Turnover | — | 0.00 | 0.37 | 0.36 | 0.26 | 0.22 | 0.23 | 0.27 |
| Inventory Turnover | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 54.54 | 40.87 | 49.84 | 47.83 | 49.19 | 35.79 | 55.03 |
NOTE Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
FiscalNote Holdings, Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business.
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 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 6.5% | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 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% | 0.0% | — |
| Shares Outstanding | — | $14M | $11M | $11M | $6M | $1M | $2M | $11M |
Peer Comparison
Compare NOTE 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 |
|---|---|---|---|---|---|---|---|---|---|
 NOTEYou | $3M | -0.0 | — | — | 69.3% | -38.9% | -0.2% | -0.1% | — |
 CSGP | $15B | 2107.2 | 83.7 | 361.6 | 75.2% | -2.2% | 0.1% | -0.9% | 6.7 |
 SPGI | $127B | 29.2 | 18.2 | 23.3 | 70.2% | 42.2% | 12.1% | 9.7% | 1.9 |
 VRSK | $23B | 26.9 | 15.3 | 19.2 | 67.3% | 44.6% | 437.9% | 33.0% | 3.0 |
 GOVX | $2M | -0.1 | — | — | 100.0% | -869.3% | -0.0% | -0.0% | — |
 BLZE | $450M | -16.3 | 94.2 | 23.9 | 60.9% | -13.8% | -31.8% | -14.1% | 15.3 |
 TRI | $41B | 27.5 | 14.4 | 19.8 | 36.4% | 26.3% | 12.8% | 11.2% | 0.7 |
 RELX | $62B | 24.4 | 16.5 | 17.6 | 65.0% | 30.3% | 55.7% | 21.8% | 2.1 |
 ICE | $88B | 27.1 | 16.7 | 20.6 | 61.9% | 38.7% | 11.7% | 7.5% | 3.1 |
 MSCI | $43B | 37.8 | 25.2 | 27.6 | 82.4% | 54.7% | — | 34.9% | 3.3 |
 FICO | $26B | 42.6 | 31.0 | 34.0 | 82.2% | 46.5% | — | 59.7% | 3.3 |
| Technology Median | — | 27.7 | 17.5 | 19.2 | 48.5% | -0.6% | 2.4% | 2.9% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 7 years · Updated daily
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Quick answers to the most common questions about buying NOTE stock.
What is FiscalNote Holdings, Inc.'s P/E ratio?
FiscalNote Holdings, Inc.'s current P/E ratio is -0.0x. The historical average is 15.5x.
What is FiscalNote Holdings, Inc.'s ROE?
FiscalNote Holdings, Inc.'s return on equity (ROE) is -0.2%. The historical average is -182.1%.
Is NOTE stock overvalued?
Based on historical data, FiscalNote Holdings, Inc. is trading at a P/E of -0.0x. Compare with industry peers and growth rates for a complete picture.
What are FiscalNote Holdings, Inc.'s profit margins?
FiscalNote Holdings, Inc. has 69.3% gross margin and -38.9% operating margin.