Latest Ratios: P/E Ratio -63.2x · EV/EBITDA N/A · ROE N/A. (2021–2026 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|---|
| Market Cap | $23.1B | $11.0B | $11.3B | — | — | — | — |
| Enterprise Value | $23.9B | $11.7B | $11.5B | — | — | — | — |
| P/E Ratio → | -63.15 | — | — | — | — | — | — |
| P/S Ratio | 17.58 | 8.35 | 12.75 | — | — | — | — |
| P/B Ratio | — | — | — | — | — | — | — |
| P/FCF | 91.35 | 43.40 | 360.69 | — | — | — | — |
| P/OCF | 81.78 | 38.85 | 234.41 | — | — | — | — |
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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 8.92 | 12.94 | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — |
| EV / FCF | — | 46.36 | 365.94 | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 80.1% | 80.1% | 70.0% | 62.1% | 53.4% | 53.3% | 56.0% |
| Operating Margin | -26.2% | -26.2% | -127.9% | -48.8% | -43.6% | -49.4% | -53.9% |
| Net Profit Margin | -26.5% | -26.5% | -130.3% | -56.4% | -46.3% | -50.3% | -55.0% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | — | -266.8% |
| ROA | -16.7% | -16.7% | -100.6% | -43.1% | -43.1% | -49.5% | -41.8% |
| ROIC | -112.2% | -112.2% | — | — | — | — | — |
| ROCE | -35.9% | -35.9% | -328.6% | -111.2% | -101.5% | -108.6% | -75.2% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | — | — | 0.07 |
| Debt / EBITDA | — | — | — | — | — | — | — |
| Net Debt / Equity | — | — | — | — | — | — | -1.43 |
| Net Debt / EBITDA | — | — | — | — | — | — | — |
| Debt / FCF | — | 2.96 | 5.25 | — | — | — | — |
| Interest Coverage | -17.95 | -17.95 | -26.84 | -9.81 | -21.99 | — | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 1.69 | 1.69 | 1.13 | 0.84 | 1.17 | 0.98 | 1.56 |
| Quick Ratio | 1.69 | 1.69 | 1.13 | 0.83 | 1.14 | 0.97 | 1.54 |
| Cash Ratio | 1.28 | 1.28 | 0.74 | 0.43 | 0.68 | 0.41 | 0.94 |
| Asset Turnover | — | 0.48 | 0.62 | 0.72 | 0.78 | 0.98 | 0.76 |
| Inventory Turnover | — | — | 63.53 | 49.55 | 29.32 | 53.70 | 50.16 |
| Days Sales Outstanding | — | 71.21 | 75.00 | 81.33 | 94.84 | 120.78 | 112.61 |
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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — |
| FCF Yield | 1.1% | 2.3% | 0.3% | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | — | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | — | — | — | — |
| Shares Outstanding | — | $196M | $154M | $176M | $176M | $176M | $176M |
Includes 30+ ratios · 6 years · Updated daily
Live VCP patterns, Cup & Handle overlays, support/resistance, and AI trade plans.
High-probability breakout stocks crossing their pivot across 5 pattern engines.
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying RBRK stock.
Rubrik, Inc.'s current P/E ratio is -63.2x. This places it at the 50th percentile of its historical range.
Based on historical data, Rubrik, Inc. is trading at a P/E of -63.2x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Rubrik, Inc. has 80.1% gross margin and -26.2% operating margin.
Key Metrics
Top Statement Risk
Negative equity and high leverage
Metrics are mathematically derived from official filings.
Premium Valuation on Unproven Profitability
Rubrik's forward P/E of 189.04 and P/S of 14.65 reflect a significant premium over peers like Qualys (P/E 31.55), pricing in a future profitability inflection that has yet to materialize based on current operating losses.
The valuation multiples imply the market is pricing Rubrik as a high-growth cybersecurity platform rather than a traditional infrastructure software provider, demanding a substantial premium over legacy peers like Commvault. However, the negative TTM P/E and the wide gap between the forward P/E and current operating margin of -16.8% suggest this premium is entirely dependent on a rapid and sustained margin expansion that is not yet evident in the financial trajectory.
Gross Margin Strength Masked by Operating Losses
While gross margins have expanded impressively to 78.4% in 2027Q2, the persistent operating loss of -16.8% indicates that high sales and marketing intensity continues to consume the majority of gross profit, preventing a path to net profitability.
The gross margin profile is a clear strength, reflecting the scalable nature of its SaaS delivery model. However, the operating margin has shown only modest improvement from -30.5% a year ago, suggesting that the company is still in a phase of heavy investment to capture market share. The true earning power is currently obscured by this growth-at-all-costs spending, and investors should monitor whether operating leverage can be achieved without a significant deceleration in revenue growth.
Negative Returns Reflect Pre-Profitability Investment Phase
The negative ROIC of -24.6% in 2027Q2 and negative ROA of -2.2% confirm that the company is currently destroying value on an accounting basis, as its heavy investment in growth has not yet generated positive operating returns.
These negative returns are typical for a high-growth software company in its scaling phase, where upfront investments in customer acquisition and R&D precede the full realization of recurring revenue streams. The trend shows ROIC improving from -25.2% a year ago, but the pace is slow, and a sustained positive return on capital remains contingent on achieving operating profitability. Until then, the company is effectively consuming capital to build its market position.
Debt-Fueled Growth Creates Structural Balance Sheet Risk
With total debt reaching $1.1B and a negative equity position of -$499.4M as of 2027Q2, Rubrik's capital structure is highly leveraged, making it sensitive to refinancing risk and limiting financial flexibility in a downturn.
The company's expansion has been financed almost entirely through debt, resulting in a persistent negative equity balance driven by accumulated losses. While the current ratio of 1.64 indicates adequate short-term liquidity, the negative interest coverage ratio of -65.13 highlights that operating losses are not yet sufficient to service debt from core operations. This structure warrants close monitoring, as any deterioration in growth or cash flow could strain the company's ability to manage its debt obligations.
Adequate Short-Term Liquidity Amidst Structural Weakness
Rubrik maintains a current and quick ratio of 1.64 as of 2027Q2, supported by a cash balance of $416.2M, which appears sufficient to cover near-term obligations despite the underlying negative equity position.
The liquidity position is stable in the near term, with the quick ratio matching the current ratio, indicating minimal dependence on inventory. However, this adequacy is a function of the company's recent cash generation and should be viewed in the context of its significant debt load and ongoing operating losses. Under a severe stress scenario involving a sharp growth deceleration, the company's ability to maintain this liquidity would depend on its access to capital markets or its ability to generate sufficient cash from operations.
The Misleading Signal of Free Cash Flow Margin
The positive FCF margin of 16.7% in 2027Q2 is the most commonly misapplied ratio, as it obscures the true cash cost of operations by heavily relying on non-cash stock-based compensation add-backs.
Investors often focus on FCF as a sign of financial health, but for Rubrik, this metric is significantly inflated by large stock-based compensation expenses, which reached $73.4M in a single quarter. This non-cash charge masks the true cash burn required to operate the business and creates a misleading picture of self-funding capability. A more appropriate metric would be adjusted operating cash flow that excludes SBC, or a focus on the cash conversion cycle, to understand the underlying cash generation from core business activities.