SNDL Inc. (SNDL) Financial Ratios
9 years of historical data (2017–2025) · Healthcare · Drug Manufacturers - Specialty & Generic
EV/EBITDA
8.09
↑+29% vs avg
5yr avg: 6.28
30Y Low6.3·High6.3
P/FCF
↓
8.98
-1% vs avg
5yr avg: 9.07
30Y Low7.4·High10.8
P/B Ratio
↓
0.47
+1% vs avg
5yr avg: 0.46
30Y Low0.3·High1.2
ROE
↑
-1.4%
↓+91% vs avg
5yr avg: -15.3%
30Y Low-231%·High-1%
Debt/EBITDA
3.28
+0% vs avg
5yr avg: 3.28
30Y Low3.3·High3.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
SNDL Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
SNDL Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 9.0x P/FCF, roughly in line with the 5-year average of 9.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $368M | $428M | $473M | $425M | $480M | $1.1B | $104M | $258M | — | — |
| Enterprise Value | $296M | $326M | $407M | $397M | $371M | $551M | $45M | $424M | — | — |
| P/E Ratio → | -33.55 | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 0.55 | 0.45 | 0.51 | 0.47 | 0.67 | 19.16 | 1.70 | 4.06 | — | — |
| P/B Ratio | 0.47 | 0.39 | 0.42 | 0.35 | 0.36 | 0.81 | 0.38 | 1.17 | — | — |
| P/FCF | 8.98 | 7.37 | 10.77 | — | — | — | — | — | — | — |
| P/OCF | 7.36 | 6.04 | 8.61 | — | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
SNDL EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
SNDL Inc.'s enterprise value stands at 8.1x EBITDA, 29% above its 5-year average of 6.3x. The Healthcare sector median is 14.2x, placing the stock at a 43% discount 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.34 | 0.44 | 0.44 | 0.52 | 9.81 | 0.73 | 6.67 | — | — |
| EV / EBITDA | 8.09 | 6.28 | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | 5.61 | 9.27 | — | — | — | — | — | — | — |
SNDL Profitability
Margins and return-on-capital ratios measuring operating efficiency
SNDL Inc. earns an operating margin of -0.5%. Operating margins have expanded from -18.0% to -0.5% over the past 3 years, signaling improving operational efficiency. A negative ROE of -1.4% 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 27.3% | 27.3% | 26.1% | 20.9% | 19.7% | -16.0% | -81.9% | 57.4% | 3.8% | — |
| Operating Margin | -0.5% | -0.5% | -11.3% | -18.0% | -48.8% | -239.4% | -304.4% | -82.4% | -133.5% | — |
| Net Profit Margin | -1.7% | -1.7% | -10.3% | -19.0% | -47.1% | -404.4% | -382.9% | -427.1% | -134.7% | — |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -1.4% | -1.4% | -8.0% | -13.5% | -25.2% | -28.4% | -95.0% | -231.1% | -103.0% | -13.4% |
| ROA | -1.2% | -1.2% | -6.7% | -11.4% | -22.4% | -26.4% | -58.0% | -101.3% | -67.6% | -12.2% |
| ROIC | -0.3% | -0.3% | -6.9% | -10.1% | -25.8% | -19.8% | -46.5% | -19.6% | -92.0% | -14.6% |
| ROCE | -0.4% | -0.4% | -7.9% | -11.5% | -24.6% | -16.5% | -72.5% | -41.1% | -101.6% | -13.2% |
SNDL Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
SNDL Inc. carries a Debt/EBITDA ratio of 3.3x, which is moderately leveraged (roughly in line with the sector average of 3.2x). The company holds a net cash position — cash of $273M exceeds total debt of $170M, 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.15 | 0.15 | 0.13 | 0.14 | 0.13 | 0.03 | 0.01 | 0.95 | 0.52 | 0.00 |
| Debt / EBITDA | 3.28 | 3.28 | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.09 | -0.06 | -0.02 | -0.08 | -0.39 | -0.22 | 0.75 | -0.04 | -0.32 |
| Net Debt / EBITDA | -1.98 | -1.98 | — | — | — | — | — | — | — | — |
| Debt / FCF | — | -1.76 | -1.51 | — | — | — | — | — | — | — |
| Interest Coverage | -1.10 | -1.10 | -12.72 | -20.72 | -63.34 | -301.45 | -23.66 | -8.20 | — | — |
Net cash position: cash ($273M) exceeds total debt ($170M)
SNDL Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
SNDL Inc.'s current ratio of 4.88x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 3.47x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 3.94x to 4.88x 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 4.88 | 4.88 | 5.10 | 3.94 | 5.61 | 11.06 | 4.90 | 0.64 | 0.75 | 3.71 |
| Quick Ratio | 3.47 | 3.47 | 3.67 | 2.69 | 4.14 | 10.54 | 3.70 | 0.37 | 0.72 | 3.71 |
| Cash Ratio | 2.96 | 2.96 | 2.75 | 1.95 | 3.49 | 9.86 | 2.50 | 0.17 | 0.64 | 3.29 |
| Asset Turnover | — | 0.71 | 0.68 | 0.62 | 0.46 | 0.04 | 0.21 | 0.12 | 0.37 | — |
| Inventory Turnover | 5.29 | 5.29 | 5.27 | 5.55 | 4.36 | 1.92 | 3.80 | 0.36 | 25.39 | — |
| Days Sales Outstanding | — | 11.74 | 11.15 | 10.87 | 11.60 | 70.66 | 95.26 | 158.71 | 10.18 | — |
SNDL Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
SNDL Inc. returns 2.9% to shareholders annually primarily through share buybacks.
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — | — |
| FCF Yield | 11.1% | 13.6% | 9.3% | — | — | — | — | — | — | — |
| Buyback Yield | 2.9% | 3.6% | 2.8% | 0.4% | 2.8% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 2.9% | 3.6% | 2.8% | 0.4% | 2.8% | 0.0% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $258M | $264M | $259M | $230M | $186M | $22M | $9M | $8M | $8M |
Peer Comparison
Compare SNDL 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 |
|---|---|---|---|---|---|---|---|---|---|
 SNDLYou | $368M | -33.6 | 8.1 | 9.0 | 27.3% | -0.5% | -1.4% | -0.3% | 3.3 |
 CRON | $1B | -110.6 | — | 6679.1 | 32.5% | -1.5% | -0.8% | -0.7% | — |
 CGC | $372M | -1.6 | — | — | 24.5% | -56.8% | -61.9% | -18.2% | — |
 ACB | $181M | -1.9 | — | — | 5.2% | -50.8% | -21.8% | -25.8% | — |
 TLRY | $551M | -0.1 | — | — | 29.3% | -277.9% | -89.1% | -66.2% | — |
 OGI | $136M | -9.8 | — | — | 3.7% | -34.1% | -5.4% | -17.8% | — |
 SMG | $4B | 26.2 | 14.1 | 13.7 | 30.6% | 10.5% | — | 13.3% | 5.5 |
 IIPR | $2B | 15.2 | 10.3 | 9.7 | 88.7% | 46.7% | 6.0% | 4.3% | 2.0 |
 HYFM | $4M | -0.0 | — | — | 1.6% | -29.4% | -361.3% | -12.9% | — |
 LWAY | $389M | 28.6 | 19.0 | — | 27.4% | 7.6% | 17.6% | 17.8% | 0.0 |
 STZ | $24B | -313.7 | 9.0 | 12.6 | 51.0% | 35.5% | -0.9% | 13.0% | 3.0 |
| Healthcare Median | — | 22.1 | 14.2 | 18.5 | 63.9% | -4.3% | -32.6% | -11.6% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 9 years · Updated daily
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SNDL — Frequently Asked Questions
Quick answers to the most common questions about buying SNDL stock.
What is SNDL Inc.'s P/E ratio?
SNDL Inc.'s current P/E ratio is -33.6x. This places it at the 50th percentile of its historical range.
What is SNDL Inc.'s EV/EBITDA?
SNDL Inc.'s current EV/EBITDA is 8.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 6.3x.
What is SNDL Inc.'s ROE?
SNDL Inc.'s return on equity (ROE) is -1.4%. The historical average is -57.7%.
Is SNDL stock overvalued?
Based on historical data, SNDL Inc. is trading at a P/E of -33.6x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are SNDL Inc.'s profit margins?
SNDL Inc. has 27.3% gross margin and -0.5% operating margin.
How much debt does SNDL Inc. have?
SNDL Inc.'s Debt/EBITDA ratio is 3.3x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.