7 years of historical data (2019–2025) · Consumer Defensive · Beverages - Non-Alcoholic
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
Oatly Group AB 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 | $372M | $325M | $396M | $700M | $1.0B | $4.4B | — | — |
| Enterprise Value | $821M | $774M | $788M | $984M | $1.1B | $4.2B | — | — |
| P/E Ratio → | -2.37 | — | — | — | — | — | — | — |
| P/S Ratio | 0.43 | 0.38 | 0.48 | 0.89 | 1.43 | 6.80 | — | — |
| P/B Ratio | 18.39 | 16.51 | 3.73 | 2.09 | 1.30 | 3.51 | — | — |
| P/FCF | — | — | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — | — | — |
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 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.90 | 0.96 | 1.26 | 1.52 | 6.57 | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Oatly Group AB earns an operating margin of -7.9%, below the Consumer Defensive sector average of 1.1%. Operating margins have expanded from -58.3% to -7.9% over the past 3 years, signaling improving operational efficiency. A negative ROE of -242.9% 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 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 32.1% | 32.1% | 28.7% | 19.4% | 11.1% | 24.1% | 30.7% | 32.6% |
| Operating Margin | -7.9% | -7.9% | -22.6% | -58.3% | -54.8% | -33.2% | -11.2% | -15.1% |
| Net Profit Margin | -17.7% | -17.7% | -24.5% | -53.2% | -54.4% | -33.0% | -14.3% | -17.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | -242.9% | -242.9% | -91.4% | -74.0% | -38.6% | -27.0% | -23.5% | -19.0% |
| ROA | -19.2% | -19.2% | -21.0% | -35.6% | -27.5% | -18.4% | -11.7% | -10.2% |
| ROIC | -10.5% | -10.5% | -25.0% | -46.3% | -30.3% | -20.6% | -9.6% | -8.2% |
| ROCE | -27.2% | -27.2% | -46.4% | -64.5% | -34.9% | -23.3% | -13.4% | -12.2% |
Solvency and debt-coverage ratios — lower is generally safer
Net debt stands at $449M ($514M total debt minus $64M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 26.12 | 26.12 | 4.63 | 1.59 | 0.19 | 0.12 | 0.72 | 0.55 |
| Debt / EBITDA | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | 22.84 | 3.70 | 0.84 | 0.09 | -0.12 | 0.39 | 0.49 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — |
| Interest Coverage | — | — | -2.72 | -9.26 | -27.23 | -13.84 | -3.78 | -12.32 |
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.48x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 0.83x to 0.48x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.48 | 0.48 | 0.56 | 0.83 | 1.41 | 3.32 | 1.05 | 0.98 |
| Quick Ratio | 0.35 | 0.35 | 0.44 | 0.71 | 1.08 | 2.92 | 0.88 | 0.69 |
| Cash Ratio | 0.12 | 0.12 | 0.18 | 0.43 | 0.24 | 2.24 | 0.46 | 0.11 |
| Asset Turnover | — | 1.10 | 1.02 | 0.70 | 0.59 | 0.39 | 0.62 | 0.58 |
| Inventory Turnover | 8.54 | 8.54 | 8.95 | 9.30 | 5.61 | 5.10 | 7.47 | 4.77 |
| Days Sales Outstanding | — | 43.81 | 54.97 | 68.72 | 58.59 | 76.19 | 61.76 | 87.17 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Oatly Group AB 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 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — |
| 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 | — | $30M | $30M | $30M | $30M | $27M | $30M | $30M |
Compare OTLY with 3 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| OTLYYou | $372M | -2.4 | — | — | 32.1% | -7.9% | -242.9% | -10.5% | — |
| COCO | $4B | 48.8 | 42.4 | 79.0 | 36.5% | 13.5% | 24.2% | 51.1% | 0.2 |
| CHA | $1B | 5.5 | 1.6 | 3.5 | 45.8% | 23.3% | 159.0% | — | 0.2 |
| BRFH | $43M | -14.2 | — | — | 34.2% | -25.9% | -183.4% | -232.8% | — |
| Consumer Defensive Median | — | 21.6 | 12.3 | 16.4 | 40.7% | 1.1% | 7.8% | 5.7% | 3.2 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 7 years · Updated daily
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View ValuationSee how OTLY stacks up against sector leader The Vita Coco Company, Inc..
Start ComparisonOatly Group AB's current P/E ratio is -2.4x. This places it at the 50th percentile of its historical range.
Oatly Group AB's return on equity (ROE) is -242.9%. The historical average is -73.8%.
Based on historical data, Oatly Group AB is trading at a P/E of -2.4x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Oatly Group AB has 32.1% gross margin and -7.9% operating margin.