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
ON24, 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 86.1x P/FCF, 63% below the 5-year average of 233.3x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $342M | $338M | $270M | $352M | $410M | $828M | — | — | — |
| Enterprise Value | $310M | $306M | $258M | $304M | $392M | $671M | — | — | — |
| P/E Ratio → | -11.78 | — | — | — | — | — | — | — | — |
| P/S Ratio | 2.45 | 2.43 | 1.82 | 2.15 | 2.15 | 4.07 | — | — | — |
| P/B Ratio | 2.44 | 2.42 | 1.69 | 1.95 | 1.33 | 2.33 | — | — | — |
| P/FCF | 86.08 | 85.15 | 105.17 | — | — | 509.58 | — | — | — |
| P/OCF | 45.83 | 45.34 | 56.13 | — | — | 159.58 | — | — | — |
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 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.20 | 1.74 | 1.86 | 2.05 | 3.29 | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | 77.23 | 100.67 | — | — | 412.63 | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
ON24, Inc. earns an operating margin of -25.7%. Operating margins have expanded from -37.9% to -25.7% over the past 3 years, signaling improving operational efficiency. A negative ROE of -19.3% 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 | 74.6% | 74.6% | 74.3% | 71.7% | 72.3% | 76.7% | 78.8% | 69.5% | 69.8% |
| Operating Margin | -25.7% | -25.7% | -34.2% | -37.9% | -31.2% | -11.6% | 13.9% | -18.1% | -19.5% |
| Net Profit Margin | -20.7% | -20.7% | -28.5% | -31.6% | -30.5% | -11.9% | 13.2% | -19.7% | -21.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | -19.3% | -19.3% | -24.8% | -21.2% | -17.6% | -13.3% | 203.4% | — | — |
| ROA | -12.0% | -12.0% | -15.9% | -14.7% | -12.8% | -7.6% | 18.4% | -34.0% | -50.7% |
| ROIC | -21.0% | -21.0% | -27.1% | -22.0% | -18.3% | -19.9% | — | — | — |
| ROCE | -23.2% | -23.2% | -29.2% | -24.9% | -17.7% | -11.8% | 88.2% | -167.6% | — |
Solvency and debt-coverage ratios — lower is generally safer
The company holds a net cash position — cash of $37M exceeds total debt of $6M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.04 | 0.04 | 0.02 | 0.03 | 0.03 | 0.02 | 2.75 | — | — |
| Debt / EBITDA | — | — | — | — | — | — | 1.13 | — | — |
| Net Debt / Equity | — | -0.23 | -0.07 | -0.27 | -0.06 | -0.44 | -2.96 | — | — |
| Net Debt / EBITDA | — | — | — | — | — | — | -1.22 | — | — |
| Debt / FCF | — | -7.92 | -4.50 | — | — | -96.95 | -0.83 | — | — |
| Interest Coverage | -219.48 | -219.48 | -1489.91 | -666.68 | -329.19 | -50.84 | 25.14 | -15.65 | -15.29 |
Net cash position: cash ($37M) exceeds total debt ($6M)
Short-term solvency ratios and asset-utilisation metrics
ON24, Inc.'s current ratio of 2.48x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.48 | 2.48 | 2.59 | 2.51 | 3.53 | 3.74 | 1.09 | 0.92 | 0.58 |
| Quick Ratio | 2.48 | 2.48 | 2.59 | 2.51 | 3.53 | 3.74 | 1.00 | 0.83 | 0.58 |
| Cash Ratio | 2.02 | 2.02 | 2.07 | 2.07 | 2.96 | 3.18 | 0.52 | 0.40 | 0.18 |
| Asset Turnover | — | 0.61 | 0.59 | 0.58 | 0.45 | 0.42 | 1.00 | 1.30 | 2.38 |
| Inventory Turnover | — | — | — | — | — | — | 3.17 | 4.87 | — |
| Days Sales Outstanding | — | 64.57 | 70.53 | 84.59 | 83.68 | 82.67 | 115.10 | 92.56 | 79.15 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
ON24, Inc. returns 6.5% to shareholders annually primarily through share buybacks.
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 | — | — | — | 14.2% | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | 0.3% | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — |
| FCF Yield | 1.2% | 1.2% | 1.0% | — | — | 0.2% | — | — | — |
| Buyback Yield | 6.5% | 6.5% | 9.6% | 21.2% | 7.1% | 0.9% | — | — | — |
| Total Shareholder Yield | 6.5% | 6.5% | 9.6% | 35.4% | 7.1% | 0.9% | — | — | — |
| Shares Outstanding | — | $42M | $42M | $45M | $47M | $48M | $44M | $44M | $41M |
Compare ONTF 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 |
|---|---|---|---|---|---|---|---|---|---|
| ONTFYou | $342M | -11.8 | — | 86.1 | 74.6% | -25.7% | -19.3% | -21.0% | — |
| APP | $134B | 44.6 | 31.0 | 33.7 | 87.9% | 75.8% | 206.8% | 87.8% | 0.8 |
| TTD | $12B | 26.2 | 21.0 | 14.5 | 78.6% | 20.3% | 16.3% | 21.3% | 0.8 |
| SRAD | $4B | 154.8 | 7.3 | 26.9 | 56.8% | 12.2% | 3.8% | 15.8% | 0.1 |
| GTM | $2B | 15.9 | 11.3 | 4.9 | 82.4% | 18.1% | 7.8% | 5.6% | 5.8 |
| DV | $2B | 35.1 | 11.4 | 9.9 | 82.2% | 10.6% | 4.6% | 6.4% | 0.7 |
| IBTA | $808M | 208.1 | 210.5 | 10.8 | 79.2% | -0.2% | 4.3% | -0.5% | 8.3 |
| APPS | $486M | -4.6 | 30.0 | — | 45.0% | -11.0% | -50.1% | -7.4% | 14.5 |
| DSP | $463M | 84.4 | 14.3 | 9.4 | 45.7% | 1.2% | 0.9% | 2.9% | 1.3 |
| ZETA | $401M | -121.1 | 1.0 | 2.2 | 60.6% | 0.4% | -4.3% | 0.8% | — |
| SEMR | $248M | 213.7 | 11.5 | 5.8 | 82.6% | 2.2% | 3.4% | 3.0% | 0.7 |
| 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 ComparisonON24, Inc.'s current P/E ratio is -11.8x. This places it at the 50th percentile of its historical range.
ON24, Inc.'s return on equity (ROE) is -19.3%. The historical average is 17.9%.
Based on historical data, ON24, Inc. is trading at a P/E of -11.8x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
ON24, Inc. has 74.6% gross margin and -25.7% operating margin.