8 years of historical data (2018–2025) · Technology · Semiconductors
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
SkyWater Technology, Inc. trades at 12.1x earnings, 62% 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 25.2x, the stock trades at a discount of 52%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.4B | $886M | $707M | $438M | $290M | $646M | — | — | — |
| Enterprise Value | $1.4B | $868M | $765M | $492M | $363M | $695M | — | — | — |
| P/E Ratio → | 12.07 | 7.45 | — | — | — | — | — | — | — |
| P/S Ratio | 3.23 | 2.00 | 2.06 | 1.53 | 1.36 | 3.97 | — | — | — |
| P/B Ratio | 7.33 | 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
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 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.96 | 2.23 | 1.72 | 1.71 | 4.27 | — | — | — |
| EV / EBITDA | — | — | 30.28 | 34.81 | — | — | — | — | — |
| EV / EBIT | — | — | 116.55 | — | — | — | — | — | — |
| EV / FCF | — | — | 106.19 | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
SkyWater Technology, Inc. earns an operating margin of -0.6%. Operating margins have expanded from -5.2% to -0.6% over the past 3 years, signaling improving operational efficiency. Return on equity of 91.7% is exceptionally high.
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 | 19.7% | 19.7% | 20.3% | 20.7% | 12.2% | -4.6% | 16.2% | 18.5% | 23.7% |
| Operating Margin | -0.6% | -0.6% | 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% |
| 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 | -1.3% | -1.3% | 4.2% | -9.2% | -18.9% | -49.7% | -9.9% | -9.5% | 14.2% |
| ROCE | -0.9% | -0.9% | 4.0% | -8.5% | -15.3% | -29.1% | -5.4% | -7.1% | 13.0% |
Solvency and debt-coverage ratios — lower is generally safer
The company holds a net cash position — cash of $23M exceeds total debt of $6M, 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 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.03 | 0.03 | 1.21 | 1.20 | 1.91 | 1.03 | — | 1.99 | 0.93 |
| Debt / EBITDA | — | — | 3.04 | 5.15 | — | — | 7.10 | 6.24 | 1.23 |
| Net Debt / Equity | — | -0.09 | 0.91 | 0.90 | 1.35 | 0.82 | — | 1.80 | 0.92 |
| Net Debt / EBITDA | — | — | 2.29 | 3.85 | — | — | 6.37 | 5.64 | 1.22 |
| Debt / FCF | — | — | 8.04 | — | — | — | 10.27 | 22.17 | 5.02 |
| Interest Coverage | — | — | 0.74 | -1.37 | -5.73 | -16.12 | -1.57 | -1.37 | — |
Net cash position: cash ($23M) exceeds total debt ($6M)
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 | 14.44 | 14.44 | 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 |
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 8.3% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
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 | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 8.3% | 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 |
Compare SKYT with 4 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| SKYTYou | $1B | 12.1 | — | — | 19.7% | -0.6% | 91.7% | -1.3% | — |
| TSM | $1.9T | 35.1 | 22.3 | 55.6 | 59.9% | 50.8% | 35.7% | 42.7% | 0.4 |
| GFS | $26B | 29.9 | 12.4 | 26.2 | 25.2% | 11.7% | 7.8% | 5.3% | 0.8 |
| UMC | $26B | 19.6 | 7.7 | 15.8 | 29.0% | 18.5% | 11.2% | 9.7% | 0.8 |
| TSEM | $14B | 64.4 | 28.1 | — | 23.2% | 12.4% | 8.0% | 5.4% | 0.3 |
| Technology Median | — | 25.2 | 15.7 | 17.3 | 49.8% | -0.9% | 1.1% | 2.9% | 3.0 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 8 years · Updated daily
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View ValuationSee how SKYT stacks up against sector leader Taiwan Semiconductor Manufacturing Company Limited.
Start ComparisonSkyWater Technology, Inc.'s current P/E ratio is 12.1x. The historical average is 7.5x. This places it at the 100th percentile of its historical range.
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%.
Based on historical data, SkyWater Technology, Inc. is trading at a P/E of 12.1x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
SkyWater Technology, Inc. has 19.7% gross margin and -0.6% operating margin.