Soluna Holdings, Inc. (SLNH) Financial Ratios
30 years of historical data (1995–2024) · Technology · Hardware, Equipment & Parts
EV/EBITDA
N/A
—
5yr avg: N/A
30Y Low1.2·High74.0
P/FCF
N/A
—
5yr avg: 55.24
30Y Low4.0·High83.4
P/B Ratio
↓
3.49
↑+24% vs avg
5yr avg: 2.81
30Y Low0.1·High90.7
ROE
↓
-156.9%
↑-138% vs avg
5yr avg: -66.1%
30Y Low-175%·High173%
Debt/EBITDA
N/A
—
5yr avg: N/A
30Y Low2.7·High2.7
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
SLNH Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Soluna 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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $97M | $132M | $5M | $4M | $127M | $45M | $6M | $8M | $10M | $102M | $66M |
| Enterprise Value | $111M | $146M | $19M | $26M | $126M | $43M | $5M | $2M | $6M | $98M | $66M |
| P/E Ratio → | -1.90 | — | — | — | — | 23.18 | 19.94 | 3.96 | 16.19 | — | — |
| P/S Ratio | 2.56 | 3.47 | 0.25 | 0.14 | 8.88 | 75.85 | 0.98 | 0.95 | 1.39 | 14.43 | 10.43 |
| P/B Ratio | 3.49 | 4.82 | 0.10 | 0.08 | 1.40 | 7.63 | 1.68 | 1.10 | 1.97 | 24.53 | 43.22 |
| P/FCF | — | — | — | — | — | 55.24 | 31.23 | 4.02 | 38.27 | 263.76 | — |
| P/OCF | — | — | — | — | 22.95 | 23.74 | 22.26 | 3.83 | 26.99 | 195.04 | — |
P/E links to full P/E history page with 30-year chart
SLNH EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.84 | 0.89 | 0.90 | 8.76 | 72.15 | 0.74 | 0.23 | 0.85 | 13.95 | 10.35 |
| EV / EBITDA | — | — | — | — | — | — | 14.08 | 1.16 | 8.92 | — | — |
| EV / EBIT | — | — | — | — | — | — | 16.51 | 1.24 | 10.15 | — | — |
| EV / FCF | — | — | — | — | — | 52.55 | 23.64 | 0.99 | 23.32 | 255.00 | — |
SLNH Profitability
Margins and return-on-capital ratios measuring operating efficiency
Soluna Holdings, Inc. earns an operating margin of -125.0%. Operating margins have expanded from -297.0% to -125.0% over the past 3 years, signaling improving operational efficiency. A negative ROE of -156.9% indicates the company is currently destroying shareholder equity.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 60.3% | 60.3% | 73.4% | 87.5% | 43.7% | 31.9% | 66.4% | 71.1% | 68.4% | 61.4% | 60.9% |
| Operating Margin | -125.0% | -125.0% | -96.1% | -297.0% | -31.2% | -276.0% | 3.9% | 18.9% | 8.3% | -5.1% | -23.2% |
| Net Profit Margin | -166.6% | -166.6% | -138.6% | -345.8% | -36.7% | 327.1% | 4.9% | 24.0% | 8.2% | -5.1% | -44.7% |
Return on Capital
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -156.9% | -156.9% | -58.6% | -143.8% | -10.9% | 39.9% | 6.0% | 32.5% | 12.8% | -12.6% | -98.6% |
| ROA | -70.6% | -70.6% | -33.1% | -97.4% | -8.3% | 27.0% | 4.7% | 27.0% | 10.2% | -9.2% | -70.2% |
| ROIC | -65.9% | -65.9% | -22.5% | -80.9% | -7.2% | -41.1% | 11.3% | 98.9% | 46.3% | -29.5% | -65.6% |
| ROCE | -92.0% | -92.0% | -34.1% | -107.7% | -8.2% | -28.3% | 4.5% | 25.6% | 12.9% | -12.7% | -51.2% |
SLNH Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Net debt stands at $14M ($22M total debt minus $8M cash).
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.80 | 0.80 | 0.37 | 0.49 | 0.09 | 0.07 | 0.25 | — | — | — | — |
| Debt / EBITDA | — | — | — | — | — | — | 2.74 | — | — | — | — |
| Net Debt / Equity | — | 0.51 | 0.25 | 0.47 | -0.02 | -0.37 | -0.41 | -0.83 | -0.77 | -0.81 | -0.30 |
| Net Debt / EBITDA | — | — | — | — | — | — | -4.52 | -3.56 | -5.72 | — | — |
| Debt / FCF | — | — | — | — | — | -2.69 | -7.59 | -3.03 | -14.95 | -8.76 | — |
| Interest Coverage | -18.81 | -18.81 | -7.37 | -10.12 | -2.38 | — | — | — | — | -25.79 | -367.50 |
SLNH Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.28x is below 1.0, meaning current liabilities exceed current assets. The current ratio has improved from 0.13x to 0.28x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.28 | 0.28 | 0.51 | 0.13 | 1.59 | 2.92 | 3.71 | 6.34 | 4.86 | 4.87 | 2.33 |
| Quick Ratio | 0.28 | 0.28 | 0.51 | 0.13 | 1.59 | 2.92 | 2.90 | 5.62 | 4.30 | 4.22 | 1.38 |
| Cash Ratio | 0.16 | 0.16 | 0.23 | 0.04 | 0.65 | 1.61 | 2.20 | 4.84 | 3.09 | 3.28 | 0.44 |
| Asset Turnover | — | 0.43 | 0.23 | 0.34 | 0.12 | 0.07 | 1.14 | 0.99 | 1.14 | 1.36 | 2.45 |
| Inventory Turnover | 2.39 | — | — | — | — | — | 2.39 | 2.70 | 3.22 | 4.03 | 2.46 |
| Days Sales Outstanding | — | 25.98 | 58.81 | 6.89 | 13.51 | 36.19 | 41.38 | 39.43 | 72.68 | 45.57 | 53.68 |
SLNH Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Soluna 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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | 98.9% | 0.5% | — | 55.0% | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | 1096.3% | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | 4.3% | 5.0% | 25.3% | 6.2% | — | — |
| FCF Yield | — | — | — | — | — | 1.8% | 3.2% | 24.9% | 2.6% | 0.4% | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.3% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 98.9% | 0.5% | 0.0% | 55.0% | 0.0% | 0.3% | 0.0% | 0.0% |
| Shares Outstanding | — | $63M | $1M | $599300 | $473609 | $383275 | $384101 | $377994 | $387999 | $3M | $3M |
Peer Comparison
Compare SLNH 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 |
|---|---|---|---|---|---|---|---|---|---|
 SLNHYou | $97M | -1.9 | — | — | 60.3% | -125.0% | -156.9% | -65.9% | — |
 MARA | $5B | -3.4 | — | — | -47.7% | -90.6% | -34.5% | -9.0% | — |
 RIOT | $9B | -12.4 | — | — | -15.6% | -61.8% | -22.1% | -8.7% | — |
 CLSK | $4B | 12.5 | 6.5 | — | 41.6% | 41.6% | 18.5% | 10.3% | 1.2 |
 IREN | $19B | 145.8 | 97.1 | — | 68.3% | 3.5% | 6.0% | 0.7% | 4.9 |
 HUT | $11B | -47.3 | — | — | -614.6% | -2104.6% | -16.9% | -13.8% | — |
 BTBT | $589M | 9.2 | 8.5 | — | 61.9% | 16.8% | 9.2% | 6.5% | 0.2 |
 CIFR | $8B | -9.6 | — | — | 28.4% | -150.7% | -108.3% | -11.7% | — |
 BITF | $1B | -16.6 | 37.6 | — | -16.8% | -55.8% | -12.0% | -17.1% | 0.7 |
 CORZ | $7B | -25.4 | — | — | 11.9% | -45.4% | — | — | — |
 WULF | $11B | -114.4 | — | — | 55.3% | -54.4% | -31.0% | -10.6% | — |
| Technology Median | — | 27.7 | 17.5 | 19.2 | 48.5% | -0.6% | 2.4% | 2.9% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying SLNH stock.
What is Soluna Holdings, Inc.'s P/E ratio?
Soluna Holdings, Inc.'s current P/E ratio is -1.9x. The historical average is 25.5x.
What is Soluna Holdings, Inc.'s ROE?
Soluna Holdings, Inc.'s return on equity (ROE) is -156.9%. The historical average is -22.2%.
Is SLNH stock overvalued?
Based on historical data, Soluna Holdings, Inc. is trading at a P/E of -1.9x. Compare with industry peers and growth rates for a complete picture.
What are Soluna Holdings, Inc.'s profit margins?
Soluna Holdings, Inc. has 60.3% gross margin and -125.0% operating margin.