SkyWater Technology, Inc. (SKYT) Financial Ratios
8 years of historical data (2018–2025) · Technology · Semiconductors
EV/EBITDA
↓
58.74
↑+81% vs avg
5yr avg: 32.44
30Y Low30.3·High34.8
P/FCF
N/A
—
5yr avg: 98.15
30Y Low98.1·High98.1
P/B Ratio
↓
9.10
+17% vs avg
5yr avg: 7.81
30Y Low4.5·High11.1
ROE
↑
91.7%
↓+312% vs avg
5yr avg: -43.2%
30Y Low-183%·High92%
Debt/EBITDA
↑
7.26
↑+41% vs avg
5yr avg: 5.15
30Y Low1.2·High7.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
SKYT Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
SkyWater Technology, Inc. trades at 15.0x earnings, 101% above its 5-year average of 7.5x, sitting at the 100th percentile of its historical range. Compared to the Technology sector median P/E of 29.0x, the stock trades at a discount of 48%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.8B | $886M | $707M | $438M | $290M | $646M | — | — | — |
| Enterprise Value | $2.0B | $1.1B | $765M | $492M | $363M | $695M | — | — | — |
| P/E Ratio → | 14.99 | 7.45 | — | — | — | — | — | — | — |
| P/S Ratio | 4.07 | 2.00 | 2.06 | 1.53 | 1.36 | 3.97 | — | — | — |
| P/B Ratio | 9.10 | 4.52 | 11.13 | 7.21 | 5.38 | 10.78 | — | — | — |
| P/FCF | — | — | 98.15 | — | — | — | — | — | — |
| P/OCF | — | — | 38.28 | 43.43 | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
SKYT EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
SkyWater Technology, Inc.'s enterprise value stands at 58.7x EBITDA, 81% above its 5-year average of 32.4x. The Technology sector median is 16.7x, placing the stock at a 252% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.52 | 2.23 | 1.72 | 1.71 | 4.27 | — | — | — |
| EV / EBITDA | 58.74 | 32.25 | 30.28 | 34.81 | — | — | — | — | — |
| EV / EBIT | — | — | 116.55 | — | — | — | — | — | — |
| EV / FCF | — | — | 106.19 | — | — | — | — | — | — |
SKYT Profitability
Margins and return-on-capital ratios measuring operating efficiency
SkyWater Technology, Inc. earns an operating margin of -0.3%. Operating margins have expanded from -5.2% to -0.3% over the past 3 years, signaling improving operational efficiency. Return on equity of 91.7% is exceptionally high.
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 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 20.0% | 20.0% | 20.3% | 20.7% | 12.2% | -4.6% | 16.2% | 18.5% | 23.7% |
| Operating Margin | -0.3% | -0.3% | 1.9% | -5.2% | -14.0% | -35.1% | -6.2% | -6.6% | 10.6% |
| Net Profit Margin | 26.9% | 26.9% | -2.0% | -10.7% | -18.6% | -31.1% | -14.7% | -12.0% | -0.0% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | 91.7% | 91.7% | -10.9% | -53.6% | -69.5% | -173.8% | -182.6% | -52.3% | -0.2% |
| ROA | 22.7% | 22.7% | -2.2% | -9.9% | -13.9% | -19.2% | -9.1% | -9.7% | -0.0% |
| ROIC | -0.3% | -0.3% | 4.2% | -9.2% | -18.9% | -49.7% | -9.9% | -9.5% | 14.2% |
| ROCE | -0.4% | -0.4% | 4.0% | -8.5% | -15.3% | -29.1% | -5.4% | -7.1% | 13.0% |
SKYT Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
SkyWater Technology, Inc. carries a Debt/EBITDA ratio of 7.3x, which is highly leveraged (147% above the sector average of 2.9x). Net debt stands at $227M ($250M total debt minus $23M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.28 | 1.28 | 1.21 | 1.20 | 1.91 | 1.03 | — | 1.99 | 0.93 |
| Debt / EBITDA | 7.26 | 7.26 | 3.04 | 5.15 | — | — | 7.10 | 6.24 | 1.23 |
| Net Debt / Equity | — | 1.16 | 0.91 | 0.90 | 1.35 | 0.82 | — | 1.80 | 0.92 |
| Net Debt / EBITDA | 6.58 | 6.58 | 2.29 | 3.85 | — | — | 6.37 | 5.64 | 1.22 |
| Debt / FCF | — | — | 8.04 | — | — | — | 10.27 | 22.17 | 5.02 |
| Interest Coverage | -0.09 | -0.09 | 0.74 | -1.37 | -5.94 | -14.30 | -1.69 | -2.05 | — |
SKYT Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.60x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 1.02x to 0.60x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.60 | 0.60 | 0.86 | 1.02 | 0.88 | 1.56 | 0.89 | 1.81 | 0.93 |
| Quick Ratio | 0.52 | 0.52 | 0.76 | 0.91 | 0.78 | 1.19 | 0.57 | 1.47 | 0.49 |
| Cash Ratio | 0.07 | 0.07 | 0.12 | 0.13 | 0.23 | 0.27 | 0.09 | 0.10 | 0.01 |
| Asset Turnover | — | 0.60 | 1.09 | 0.91 | 0.70 | 0.62 | 0.53 | 0.72 | 0.89 |
| Inventory Turnover | 14.38 | 14.38 | 18.76 | 14.82 | 13.96 | 9.73 | 4.33 | 6.96 | 5.59 |
| Days Sales Outstanding | — | 82.62 | 81.62 | 121.97 | 107.71 | 89.94 | 77.96 | 165.43 | 52.42 |
SKYT Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
SkyWater Technology, Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 6.7% (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 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | 0.5% | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.7% | 13.4% | — | — | — | — | — | — | — |
| FCF Yield | — | — | 1.0% | — | — | — | — | — | — |
| 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% | 0.5% | — | — | — |
| Shares Outstanding | — | $49M | $47M | $46M | $41M | $40M | $39M | $39M | $39M |
Peer Comparison
Compare SKYT 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 |
|---|---|---|---|---|---|---|---|---|---|
 SKYTYou | $2B | 15.0 | 58.7 | — | 20.0% | -0.3% | 91.7% | -0.3% | 7.3 |
 TSEM | $33B | 147.8 | 65.8 | — | 23.2% | 12.4% | 8.0% | 5.4% | 0.3 |
 ICHR | $3B | -64.0 | — | — | 9.3% | -4.1% | -7.7% | -3.9% | — |
 CRUS | $8B | 21.1 | 16.0 | — | 52.8% | 23.0% | 20.3% | 22.9% | 0.3 |
 GFS | $48B | 54.0 | 22.5 | 47.3 | 25.2% | 11.7% | 7.8% | 5.3% | 0.8 |
 UMC | $60B | 45.7 | 17.9 | 36.3 | 29.0% | 18.5% | 11.2% | 10.0% | 0.6 |
 PSIX | $929M | 8.2 | 9.0 | 65.7 | 25.4% | 15.2% | 93.5% | 37.2% | 1.3 |
 AMBA | $3B | -39.3 | — | 52.9 | 58.0% | -21.1% | -13.1% | -14.8% | — |
 AMAT | $490B | 71.3 | 58.3 | 86.0 | 48.7% | 29.2% | 35.5% | 32.9% | 0.8 |
 LRCX | $486B | 93.7 | 77.0 | 89.7 | 48.7% | 32.0% | 58.2% | 55.7% | 0.8 |
 KLAC | $34B | 8.5 | 6.8 | 9.1 | 62.3% | 43.1% | 100.8% | 46.5% | 1.1 |
| 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 · 8 years · Updated daily
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SKYT — Frequently Asked Questions
Quick answers to the most common questions about buying SKYT stock.
What is SkyWater Technology, Inc.'s P/E ratio?
SkyWater Technology, Inc.'s current P/E ratio is 15.0x. The historical average is 7.5x. This places it at the 100th percentile of its historical range.
What is SkyWater Technology, Inc.'s EV/EBITDA?
SkyWater Technology, 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 32.4x.
What is SkyWater Technology, Inc.'s ROE?
SkyWater Technology, Inc.'s return on equity (ROE) is 91.7%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is -56.4%.
Is SKYT stock overvalued?
Based on historical data, SkyWater Technology, Inc. is trading at a P/E of 15.0x. 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 SkyWater Technology, Inc.'s profit margins?
SkyWater Technology, Inc. has 20.0% gross margin and -0.3% operating margin.
How much debt does SkyWater Technology, Inc. have?
SkyWater Technology, Inc.'s Debt/EBITDA ratio is 7.3x, indicating high leverage. A ratio above 4x may signal elevated financial risk.