Roku, Inc. (ROKU) Financial Ratios
11 years of historical data (2015–2025) · Communication Services · Entertainment
EV/EBITDA
↓
58.74
↓-11% vs avg
5yr avg: 66.14
30Y Low46.7·High75.9
P/FCF
↓
42.62
↓-49% vs avg
5yr avg: 82.88
30Y Low34.2·High171.9
P/B Ratio
↓
7.84
↑+31% vs avg
5yr avg: 5.97
30Y Low2.1·High37.2
ROE
↓
3.4%
↓+146% vs avg
5yr avg: -7.4%
30Y Low-42%·High12%
Debt/EBITDA
↑
2.60
↓-11% vs avg
5yr avg: 2.93
30Y Low1.3·High9.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
ROKU Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Roku, Inc. trades at 234.0x earnings, 47% above its 5-year average of 158.7x, sitting at the 100th percentile of its historical range. Compared to the Communication Services sector median P/E of 15.3x, the stock trades at a premium of 1430%. On a free-cash-flow basis, the stock trades at 42.6x P/FCF, 49% below the 5-year average of 82.9x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $20.4B | $16.4B | $10.8B | $13.0B | $5.6B | $32.3B | $41.2B | $15.4B | $3.2B | $5.7B | — |
| Enterprise Value | $19.7B | $15.7B | $9.2B | $11.6B | $4.4B | $30.7B | $40.5B | $15.3B | $3.0B | $5.5B | — |
| P/E Ratio → | 234.02 | 183.88 | — | — | — | 133.45 | — | — | — | — | — |
| P/S Ratio | 4.30 | 3.46 | 2.61 | 3.72 | 1.79 | 11.69 | 23.15 | 13.67 | 4.32 | 11.04 | — |
| P/B Ratio | 7.84 | 6.16 | 4.31 | 5.58 | 2.12 | 11.69 | 31.00 | 22.09 | 13.10 | 37.17 | — |
| P/FCF | 42.62 | 34.22 | 50.48 | 74.91 | — | 171.92 | 625.49 | — | — | 201.70 | — |
| P/OCF | 42.16 | 33.85 | 49.31 | 50.72 | 475.04 | 141.74 | 277.77 | 1125.53 | 230.25 | 151.78 | — |
P/E links to full P/E history page with 30-year chart
ROKU EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Roku, Inc.'s enterprise value stands at 58.7x EBITDA, 11% below its 5-year average of 66.1x. The Communication Services sector median is 9.6x, placing the stock at a 511% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.31 | 2.23 | 3.33 | 1.39 | 11.11 | 22.78 | 13.58 | 4.11 | 10.69 | — |
| EV / EBITDA | 58.74 | 46.74 | 75.74 | — | — | 75.94 | 906.32 | — | — | — | — |
| EV / EBIT | — | — | — | — | — | 128.17 | — | — | — | — | — |
| EV / FCF | — | 32.73 | 43.12 | 66.99 | — | 163.29 | 615.54 | — | — | 195.38 | — |
ROKU Profitability
Margins and return-on-capital ratios measuring operating efficiency
Roku, Inc. earns an operating margin of -0.1%, roughly in line with the Communication Services sector average. Operating margins have expanded from -22.7% to -0.1% over the past 3 years, signaling improving operational efficiency. ROE of 3.4% is modest.
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 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 43.8% | 43.8% | 43.9% | 43.7% | 46.1% | 51.0% | 45.4% | 43.9% | 44.7% | 39.0% | 30.4% |
| Operating Margin | -0.1% | -0.1% | -5.3% | -22.7% | -17.0% | 8.5% | -1.1% | -5.8% | -1.8% | -3.8% | -10.9% |
| Net Profit Margin | 1.9% | 1.9% | -3.1% | -20.4% | -15.9% | 8.8% | -1.0% | -5.3% | -1.2% | -12.4% | -10.7% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 3.4% | 3.4% | -5.4% | -28.5% | -18.4% | 11.8% | -1.7% | -12.7% | -4.5% | -41.7% | — |
| ROA | 2.0% | 2.0% | -3.0% | -16.4% | -11.7% | 7.6% | -0.9% | -6.2% | -2.1% | -23.1% | -24.0% |
| ROIC | -0.3% | -0.3% | -17.4% | -50.4% | -31.3% | 19.4% | -2.4% | -14.1% | -31.1% | — | — |
| ROCE | -0.2% | -0.2% | -7.2% | -25.1% | -15.9% | 9.2% | -1.4% | -9.4% | -5.5% | -14.5% | -53.3% |
ROKU Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Roku, Inc. carries a Debt/EBITDA ratio of 2.6x, which is moderately leveraged (28% below the sector average of 3.6x). The company holds a net cash position — cash of $1.6B exceeds total debt of $872M, 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 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.33 | 0.33 | 0.24 | 0.28 | 0.27 | 0.19 | 0.33 | 0.60 | — | — | — |
| Debt / EBITDA | 2.60 | 2.60 | 4.88 | — | — | 1.29 | 9.81 | — | — | — | — |
| Net Debt / Equity | — | -0.27 | -0.63 | -0.59 | -0.47 | -0.59 | -0.49 | -0.14 | -0.64 | -1.16 | — |
| Net Debt / EBITDA | -2.14 | -2.14 | -12.94 | — | — | -4.02 | -14.64 | — | — | — | — |
| Debt / FCF | — | -1.50 | -7.36 | -7.92 | — | -8.64 | -9.95 | — | — | -6.32 | — |
| Interest Coverage | -2.95 | -2.95 | -290.87 | -957.12 | -94.39 | 80.39 | -4.38 | -24.75 | -25.97 | -38.20 | — |
Net cash position: cash ($1.6B) exceeds total debt ($872M)
ROKU Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Roku, Inc.'s current ratio of 2.75x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 2.41x to 2.75x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.75 | 2.75 | 2.62 | 2.41 | 2.74 | 4.19 | 3.26 | 2.58 | 2.23 | 2.11 | 1.42 |
| Quick Ratio | 2.66 | 2.66 | 2.50 | 2.34 | 2.64 | 4.12 | 3.16 | 2.44 | 2.05 | 1.91 | 1.04 |
| Cash Ratio | 1.87 | 1.87 | 1.75 | 1.59 | 1.81 | 2.94 | 2.10 | 1.44 | 1.02 | 1.09 | 0.30 |
| Asset Turnover | — | 1.07 | 0.96 | 0.82 | 0.71 | 0.68 | 0.78 | 0.77 | 1.60 | 1.38 | 2.23 |
| Inventory Turnover | 23.23 | 23.23 | 14.58 | 21.30 | 15.79 | 26.97 | 18.00 | 12.75 | 11.53 | 9.56 | 6.37 |
| Days Sales Outstanding | — | 67.79 | 72.11 | 85.51 | 88.82 | 99.34 | 107.52 | 107.56 | 90.00 | 85.81 | 72.76 |
ROKU Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Roku, Inc. returns 0.7% to shareholders annually primarily through share buybacks. The earnings yield of 0.4% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
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 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 0.4% | 0.5% | — | — | — | 0.7% | — | — | — | — | — |
| FCF Yield | 2.3% | 2.9% | 2.0% | 1.3% | — | 0.6% | 0.2% | — | — | 0.5% | — |
| Buyback Yield | 0.7% | 0.9% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Total Shareholder Yield | 0.7% | 0.9% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Shares Outstanding | — | $151M | $145M | $142M | $138M | $142M | $124M | $115M | $105M | $109M | $86M |
Peer Comparison
Compare ROKU 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 |
|---|---|---|---|---|---|---|---|---|---|
 ROKUYou | $20B | 234.0 | 58.7 | 42.6 | 43.8% | -0.1% | 3.4% | -0.3% | 2.6 |
 FUBO | $271M | -38.4 | — | — | 11.1% | -2.6% | 11.0% | -3.3% | — |
 SSTI | $102M | -10.6 | 69.1 | 21.0 | 54.4% | -8.2% | -13.0% | -10.1% | 3.8 |
 MGNI | $3B | 18.8 | 15.1 | 15.5 | 62.7% | 13.7% | 17.1% | 9.5% | 1.8 |
 PUBM | $528M | -36.5 | 16.1 | 7.9 | 63.6% | -6.1% | -5.4% | -6.8% | 1.7 |
 TTD | $9B | 20.3 | 12.0 | 10.9 | 78.6% | 20.3% | 16.3% | 21.3% | 0.6 |
 ZETA | $4B | -135.0 | 52.2 | 22.5 | 60.6% | 0.4% | -4.3% | 0.7% | 2.5 |
 AMZN | $2.6T | 34.1 | 18.5 | 341.6 | 50.3% | 11.2% | 22.3% | 14.7% | 1.0 |
 GOOGL | $4.5T | 34.0 | 29.8 | 60.8 | 59.7% | 32.1% | 35.7% | 25.1% | 0.4 |
 AAPL | $4.4T | 39.9 | 30.8 | 44.3 | 46.9% | 32.0% | 171.4% | 67.4% | 0.8 |
 NFLX | $328B | 30.6 | 11.1 | 34.7 | 48.5% | 29.5% | 42.8% | 29.8% | 0.5 |
| Communication Services Median | — | 15.3 | 9.6 | 11.4 | 48.5% | 1.6% | 2.0% | 2.6% | 3.6 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 11 years · Updated daily
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ROKU — Frequently Asked Questions
Quick answers to the most common questions about buying ROKU stock.
What is Roku, Inc.'s P/E ratio?
Roku, Inc.'s current P/E ratio is 234.0x. The historical average is 158.7x. This places it at the 100th percentile of its historical range.
What is Roku, Inc.'s EV/EBITDA?
Roku, Inc.'s current EV/EBITDA is 58.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 66.1x.
What is Roku, Inc.'s ROE?
Roku, Inc.'s return on equity (ROE) is 3.4%. The historical average is -10.8%.
Is ROKU stock overvalued?
Based on historical data, Roku, Inc. is trading at a P/E of 234.0x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Roku, Inc.'s profit margins?
Roku, Inc. has 43.8% gross margin and -0.1% operating margin.
How much debt does Roku, Inc. have?
Roku, Inc.'s Debt/EBITDA ratio is 2.6x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.