Smith Micro Software, Inc. (SMSI) Financial Ratios
30 years of historical data (1996–2025) · Technology · Software - Application
EV/EBITDA
N/A
—
5yr avg: N/A
30Y Low11.0·High98.4
P/FCF
N/A
—
5yr avg: N/A
30Y Low17.7·High199.9
P/B Ratio
↓
0.98
↓-15% vs avg
5yr avg: 1.15
30Y Low0.4·High118.8
ROE
↓
-101.8%
↑-76% vs avg
5yr avg: -58.0%
30Y Low-180%·High41%
Debt/EBITDA
N/A
—
5yr avg: N/A
30Y Low0.6·High0.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
SMSI Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Smith Micro Software, 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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $18M | $11M | $16M | $54M | $116M | $252M | $232M | $147M | $40M | $38M | $19M |
| Enterprise Value | $19M | $12M | $16M | $50M | $116M | $242M | $212M | $126M | $28M | $40M | $19M |
| P/E Ratio → | -0.60 | — | — | — | — | — | 54.20 | 13.72 | — | — | — |
| P/S Ratio | 1.03 | 0.64 | 0.79 | 1.31 | 2.40 | 4.31 | 4.52 | 3.40 | 1.53 | 1.67 | 0.66 |
| P/B Ratio | 0.98 | 0.61 | 0.40 | 0.71 | 1.52 | 2.51 | 3.95 | 3.02 | 1.95 | 8.39 | 6.13 |
| P/FCF | — | — | — | — | — | — | 35.11 | 17.68 | — | — | — |
| P/OCF | — | — | — | — | — | — | 29.25 | 14.74 | — | — | — |
P/E links to full P/E history page with 30-year chart
SMSI EV Ratios
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 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.69 | 0.78 | 1.22 | 2.39 | 4.14 | 4.14 | 2.91 | 1.07 | 1.74 | 0.68 |
| EV / EBITDA | — | — | — | — | — | — | 29.88 | 11.00 | — | — | — |
| EV / EBIT | — | — | — | — | — | — | 60.29 | 12.23 | — | — | — |
| EV / FCF | — | — | — | — | — | — | 32.16 | 15.12 | — | — | — |
SMSI Profitability
Margins and return-on-capital ratios measuring operating efficiency
Smith Micro Software, Inc. earns an operating margin of -110.8%. Operating margins have compressed from -44.2% to -110.8% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -101.8% indicates the company is currently destroying shareholder equity.
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 | 74.1% | 74.1% | 70.2% | 74.2% | 70.7% | 78.3% | 89.9% | 90.9% | 83.5% | 77.9% | 73.2% |
| Operating Margin | -110.8% | -110.8% | -240.3% | -44.2% | -63.7% | -53.0% | 6.9% | 23.3% | -4.6% | -24.7% | -56.3% |
| Net Profit Margin | -173.3% | -173.3% | -236.9% | -59.7% | -60.4% | -53.1% | 8.1% | 24.7% | -10.4% | -29.0% | -54.3% |
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 | -101.8% | -101.8% | -83.9% | -32.1% | -33.1% | -39.0% | 7.8% | 31.0% | -21.8% | -174.7% | -179.6% |
| ROA | -82.4% | -82.4% | -72.9% | -25.8% | -26.9% | -33.1% | 6.2% | 24.8% | -14.0% | -47.3% | -79.1% |
| ROIC | -48.3% | -48.3% | -66.1% | -18.4% | -27.9% | -35.8% | 7.9% | 42.3% | -12.5% | -89.2% | -276.5% |
| ROCE | -62.8% | -62.8% | -82.1% | -22.5% | -32.9% | -36.5% | 5.9% | 26.1% | -7.9% | -63.5% | -122.1% |
SMSI Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Net debt stands at $844000 ($2M total debt minus $1M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.13 | 0.13 | 0.06 | 0.04 | 0.18 | 0.06 | 0.11 | 0.14 | — | 0.82 | 0.85 |
| Debt / EBITDA | — | — | — | — | — | — | 0.88 | 0.61 | — | — | — |
| Net Debt / Equity | — | 0.05 | -0.01 | -0.05 | -0.01 | -0.10 | -0.33 | -0.44 | -0.59 | 0.34 | 0.12 |
| Net Debt / EBITDA | — | — | — | — | — | — | -2.75 | -1.86 | — | — | — |
| Debt / FCF | — | — | — | — | — | — | -2.96 | -2.55 | — | — | — |
| Interest Coverage | -47.29 | -47.29 | — | -2.84 | -9.84 | — | — | — | -2.21 | -5.18 | -48.53 |
SMSI Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.74x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 2.21x to 0.74x 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 | 0.74 | 0.74 | 1.77 | 2.21 | 1.28 | 3.06 | 4.69 | 6.99 | 5.94 | 1.65 | 1.44 |
| Quick Ratio | 0.74 | 0.74 | 1.77 | 2.21 | 1.28 | 3.06 | 4.69 | 6.99 | 5.94 | 1.65 | 1.44 |
| Cash Ratio | 0.24 | 0.24 | 0.50 | 0.93 | 0.68 | 1.72 | 3.08 | 4.94 | 3.59 | 0.46 | 0.40 |
| Asset Turnover | — | 0.70 | 0.43 | 0.48 | 0.47 | 0.51 | 0.70 | 0.71 | 1.04 | 1.66 | 1.97 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | 630.33 |
| Days Sales Outstanding | — | 38.20 | 101.59 | 70.67 | 79.01 | 66.16 | 87.85 | 91.73 | 99.01 | 81.74 | 64.14 |
SMSI Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Smith Micro Software, Inc. returns 4.3% to shareholders annually primarily through dividends.
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 | 4.3% | 6.9% | — | — | — | — | — | 0.1% | 1.0% | — | — |
| 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 | — | — | — | — | — | — | 1.8% | 7.3% | — | — | — |
| FCF Yield | — | — | — | — | — | — | 2.8% | 5.7% | — | — | — |
| 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 | 4.3% | 6.9% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% | 1.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $21M | $12M | $8M | $7M | $6M | $5M | $5M | $3M | $2M | $1M |
Peer Comparison
Compare SMSI 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 |
|---|---|---|---|---|---|---|---|---|---|
 SMSIYou | $18M | -0.6 | — | — | 74.1% | -110.8% | -101.8% | -48.3% | — |
 SHEN | $897M | -22.8 | 13.8 | — | 26.9% | -6.2% | -4.0% | -1.1% | 5.9 |
 GFAI | $11M | -0.9 | — | — | 17.2% | -18.5% | -20.5% | -41.6% | — |
 MANH | $8B | 38.3 | 27.5 | 21.8 | 55.7% | 26.1% | 71.7% | 236.8% | 0.4 |
 QLYS | $3B | 16.7 | 13.1 | 10.6 | 82.8% | 33.2% | 38.2% | 47.5% | 0.4 |
 T | $178B | 8.4 | 7.4 | 9.2 | 79.8% | 19.2% | 17.6% | 6.7% | 3.9 |
 VZ | $200B | 11.7 | 8.0 | 9.9 | 45.6% | 21.2% | 16.6% | 8.0% | 4.2 |
 TMUS | $209B | 19.9 | 10.1 | 20.2 | 47.6% | 21.2% | 18.2% | 8.1% | 3.8 |
 QCOM | $203B | 38.5 | 15.2 | 15.8 | 55.4% | 27.9% | 23.3% | 29.1% | 1.2 |
 ERIC | $37B | 13.8 | 9.0 | 11.9 | 48.1% | 13.8% | 26.3% | 22.3% | 1.2 |
 NOK | $75B | 102.2 | 33.7 | 45.7 | 43.5% | 3.9% | 3.1% | 3.0% | 2.7 |
| Technology Median | — | 27.2 | 17.3 | 19.8 | 48.9% | -0.6% | 2.5% | 3.0% | 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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Start ComparisonSMSI — Frequently Asked Questions
Quick answers to the most common questions about buying SMSI stock.
What is Smith Micro Software, Inc.'s P/E ratio?
Smith Micro Software, Inc.'s current P/E ratio is -0.6x. The historical average is 34.0x.
What is Smith Micro Software, Inc.'s ROE?
Smith Micro Software, Inc.'s return on equity (ROE) is -101.8%. The historical average is -35.6%.
Is SMSI stock overvalued?
Based on historical data, Smith Micro Software, Inc. is trading at a P/E of -0.6x. Compare with industry peers and growth rates for a complete picture.
What is Smith Micro Software, Inc.'s dividend yield?
Smith Micro Software, Inc.'s current dividend yield is 4.28%.
What are Smith Micro Software, Inc.'s profit margins?
Smith Micro Software, Inc. has 74.1% gross margin and -110.8% operating margin.