Red Cat Holdings, Inc. (RCAT) Financial Ratios
23 years of historical data (2004–2026) · Technology · Computer Hardware
EV/EBITDA
N/A
—
5yr avg: N/A
30Y Low2.1·High43.8
P/FCF
N/A
—
5yr avg: N/A
30Y Low5.0·High47.4
P/B Ratio
↑
5.56
↑+62% vs avg
5yr avg: 3.43
30Y Low0.9·High18.1
ROE
↓
-48.7%
↓+21% vs avg
5yr avg: -61.6%
30Y Low-390%·High97%
Debt/EBITDA
N/A
—
5yr avg: N/A
30Y Low0.8·High37.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
RCAT Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Red Cat 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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.2B | $947M | $453M | $92M | $48M | $98M | $96M | $21M | $1M | $2M | $36M |
| Enterprise Value | $1.1B | $798M | $447M | $88M | $47M | $98M | $97M | $21M | $3M | $3M | $35M |
| P/E Ratio → | -19.07 | — | — | — | — | — | — | — | — | 1.79 | — |
| P/S Ratio | 30.29 | 23.26 | 62.26 | 5.16 | 10.32 | 15.23 | 19.12 | 50.99 | 13.03 | 2166.22 | 174.75 |
| P/B Ratio | 5.56 | 3.85 | 9.04 | 2.11 | 0.87 | 1.26 | 18.15 | 13.47 | — | — | — |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
RCAT EV Ratios
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 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 19.59 | 61.46 | 4.94 | 10.27 | 15.17 | 19.46 | 51.82 | 27.80 | 3244.00 | 173.64 |
| EV / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — | — | 0.98 | — |
| EV / FCF | — | — | — | — | — | — | — | — | — | — | — |
RCAT Profitability
Margins and return-on-capital ratios measuring operating efficiency
Red Cat Holdings, Inc. earns an operating margin of -163.5%. Operating margins have compressed from -100.2% to -163.5% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -48.7% indicates the company is currently destroying shareholder equity.
Margins
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 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 3.1% | 3.1% | -28.0% | 20.6% | -18.1% | 14.4% | 21.4% | 19.4% | -234.7% | 70.0% | 48.0% |
| Operating Margin | -163.5% | -163.5% | -532.8% | -100.2% | -570.0% | -202.2% | -97.5% | -403.5% | -2119.8% | -19871.7% | -713.2% |
| Net Profit Margin | -177.0% | -177.0% | -899.2% | -134.9% | -608.3% | -181.8% | -264.7% | -396.6% | -714.7% | 120989.0% | -1658.2% |
Return on Capital
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -48.7% | -48.7% | -139.7% | -48.9% | -42.4% | -28.1% | -389.6% | -238.8% | — | — | — |
| ROA | -43.8% | -43.8% | -125.6% | -44.0% | -38.5% | -24.2% | -182.5% | -93.9% | -111.0% | 169.3% | -948.0% |
| ROIC | -71.0% | -71.0% | -69.2% | -28.4% | -29.9% | -23.1% | -82.4% | -75.8% | — | — | — |
| ROCE | -42.9% | -42.9% | -80.5% | -35.2% | -38.6% | -30.0% | -108.4% | -181.9% | — | — | -812.3% |
RCAT Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
The company holds a net cash position — cash of $168M exceeds total debt of $18M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.07 | 0.07 | 0.07 | 0.05 | 0.05 | 0.05 | 0.38 | 0.37 | — | — | — |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.61 | -0.12 | -0.09 | -0.00 | -0.00 | 0.33 | 0.22 | — | — | — |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | — | — | — | -254.53 | -192.71 | -78.13 | -9.82 | -53.89 | -4.46 | 8.25 | -323.72 |
Net cash position: cash ($168M) exceeds total debt ($18M)
RCAT Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Red Cat Holdings, Inc.'s current ratio of 15.29x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 13.71x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 6.13x to 15.29x over the past 3 years.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 15.29 | 15.29 | 6.17 | 6.13 | 7.94 | 10.23 | 0.35 | 0.38 | 0.76 | 0.29 | 14.51 |
| Quick Ratio | 13.71 | 13.71 | 2.92 | 3.94 | 5.74 | 9.52 | 0.27 | 0.29 | 0.78 | 0.29 | 14.51 |
| Cash Ratio | 11.31 | 11.31 | 2.19 | 1.66 | 3.95 | 8.99 | 0.06 | 0.29 | 0.65 | 0.23 | 6.54 |
| Asset Turnover | — | 0.15 | 0.13 | 0.37 | 0.08 | 0.08 | 0.43 | 0.14 | 0.17 | 0.00 | 0.35 |
| Inventory Turnover | 1.68 | 1.68 | 0.68 | 1.77 | 0.61 | 1.41 | 10.85 | 4.14 | — | — | — |
| Days Sales Outstanding | — | 234.39 | 24.55 | 133.30 | 68.84 | 51.84 | 28.96 | — | 386.66 | 14.87 | — |
RCAT Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Red Cat 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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — | 55.8% | — |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 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% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $119M | $77M | $60M | $54M | $48M | $24M | $14M | $285346 | $58077 | $34970 |
Peer Comparison
Compare RCAT 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 |
|---|---|---|---|---|---|---|---|---|---|
 RCATYou | $1B | -19.1 | — | — | 3.1% | -163.5% | -48.7% | -71.0% | — |
 AVAV | $8B | 109.4 | 103.8 | — | 39.4% | 5.0% | 5.1% | 3.6% | 0.8 |
 JOBY | $10B | -8.8 | — | — | -30.1% | -1346.9% | -80.1% | -54.7% | — |
 ACHR | $4B | -5.6 | — | — | — | -243100.0% | -41.8% | -89.6% | — |
 ONDS | $5B | -15.0 | — | — | 39.7% | -115.1% | -51.7% | — | — |
 UMAC | $842M | -33.8 | — | — | 33.6% | -224.6% | -20.2% | -19.6% | — |
 KTOS | $10B | 417.0 | 112.5 | — | 22.1% | 2.1% | 1.3% | 1.4% | 2.1 |
 AIR | $5B | 385.4 | 26.2 | 3812.5 | 19.0% | 6.7% | 1.0% | 6.4% | 4.4 |
 TDY | $29B | 32.8 | 20.9 | 26.7 | 39.2% | 18.8% | 8.9% | 7.0% | 1.8 |
 SWBI | $715M | 39.2 | 12.4 | 6.3 | 26.9% | 5.5% | 4.9% | 5.0% | 0.9 |
 LMT | $118B | 23.8 | 16.0 | 17.0 | 10.2% | 10.3% | 76.9% | 23.9% | 2.6 |
| Technology Median | — | 29.0 | 16.7 | 19.2 | 48.8% | 0.2% | 1.6% | 2.7% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 23 years · Updated daily
Consensus-Based Analysis Tools
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Check Valuation
Historical Returns
10-year return with dividends reinvested.
Calculate
DCA Calculator
See how regular investing compounds over time.
Run Numbers
Peer Comparison
Compare growth, multiples, and margins vs sector.
Compare
RCAT — Frequently Asked Questions
Quick answers to the most common questions about buying RCAT stock.
What is Red Cat Holdings, Inc.'s P/E ratio?
Red Cat Holdings, Inc.'s current P/E ratio is -19.1x. The historical average is 1.7x.
What is Red Cat Holdings, Inc.'s ROE?
Red Cat Holdings, Inc.'s return on equity (ROE) is -48.7%. The historical average is -101.1%.
Is RCAT stock overvalued?
Based on historical data, Red Cat Holdings, Inc. is trading at a P/E of -19.1x. Compare with industry peers and growth rates for a complete picture.
What are Red Cat Holdings, Inc.'s profit margins?
Red Cat Holdings, Inc. has 3.1% gross margin and -163.5% operating margin.