10 years of historical data (2016–2025) · Technology · Consumer Electronics
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
Sonos, 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 17.5x P/FCF, 16% below the 5-year average of 20.7x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.9B | $1.8B | $1.5B | $1.6B | $1.9B | $4.5B | $1.7B | $1.4B | $1.7B | — | — |
| Enterprise Value | $1.8B | $1.7B | $1.4B | $1.5B | $1.7B | $3.9B | $1.3B | $1.1B | $1.5B | — | — |
| P/E Ratio → | -30.20 | — | — | — | 28.37 | 28.64 | — | — | — | — | — |
| P/S Ratio | 1.31 | 1.28 | 0.99 | 1.00 | 1.09 | 2.64 | 1.26 | 1.10 | 1.48 | — | — |
| P/B Ratio | 5.24 | 5.20 | 3.49 | 3.18 | 3.42 | 7.98 | 5.60 | 4.95 | 8.10 | — | — |
| P/FCF | 17.49 | 17.08 | 11.12 | 32.89 | — | 21.86 | 12.93 | 14.29 | — | — | — |
| P/OCF | 13.83 | 13.50 | 7.88 | 16.42 | — | 17.93 | 10.29 | 11.54 | 55.22 | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Sonos, Inc.'s enterprise value stands at 154.4x EBITDA, 40% above its 5-year average of 110.6x. The Technology sector median is 15.7x, placing the stock at a 881% premium 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 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.20 | 0.92 | 0.90 | 0.96 | 2.30 | 1.01 | 0.86 | 1.33 | — | — |
| EV / EBITDA | 154.44 | 145.63 | 321.22 | 52.23 | 13.09 | 20.89 | 146.41 | 28.71 | 49.43 | — | — |
| EV / EBIT | — | — | — | 289.55 | 24.19 | 25.04 | — | 190.61 | — | — | — |
| EV / FCF | — | 15.95 | 10.33 | 29.62 | — | 18.99 | 10.44 | 11.15 | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Sonos, Inc. earns an operating margin of -3.5%. Operating margins have compressed from -1.2% to -3.5% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -15.6% indicates the company is currently destroying shareholder equity.
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 | 43.7% | 43.7% | 45.4% | 43.3% | 45.4% | 47.2% | 43.1% | 41.8% | 43.0% | 45.9% | 44.8% |
| Operating Margin | -3.5% | -3.5% | -3.2% | -1.2% | 5.1% | 9.0% | -2.1% | 0.1% | -0.8% | -1.6% | -3.4% |
| Net Profit Margin | -4.2% | -4.2% | -2.5% | -0.6% | 3.8% | 9.2% | -1.5% | -0.4% | -1.4% | -1.4% | -4.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -15.6% | -15.6% | -8.1% | -1.9% | 11.9% | 36.6% | -7.0% | -1.9% | -15.0% | -52655.6% | — |
| ROA | -7.0% | -7.0% | -4.0% | -0.9% | 5.8% | 16.2% | -2.5% | -0.7% | -3.2% | -4.2% | -13.7% |
| ROIC | -12.3% | -12.3% | -10.6% | -4.6% | 45.5% | — | — | 80.5% | -24.5% | — | — |
| ROCE | -9.9% | -9.9% | -8.0% | -3.2% | 13.6% | 28.5% | -7.0% | 0.4% | -3.8% | -10.3% | -24.2% |
Solvency and debt-coverage ratios — lower is generally safer
Sonos, Inc. carries a Debt/EBITDA ratio of 9.5x, which is highly leveraged (222% above the sector average of 3.0x). The company holds a net cash position — cash of $175M exceeds total debt of $113M, 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 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.32 | 0.32 | 0.15 | 0.11 | 0.06 | 0.08 | 0.29 | 0.12 | 0.19 | 1466.67 | — |
| Debt / EBITDA | 9.53 | 9.53 | 14.81 | 1.97 | 0.28 | 0.24 | 9.38 | 0.88 | 1.30 | 2.04 | 7.10 |
| Net Debt / Equity | — | -0.34 | -0.25 | -0.32 | -0.43 | -1.05 | -1.08 | -1.09 | -0.87 | -3370.19 | — |
| Net Debt / EBITDA | -10.24 | -10.24 | -24.38 | -5.77 | -1.86 | -3.15 | -34.91 | -8.07 | -5.94 | -4.69 | -14.61 |
| Debt / FCF | — | -1.12 | -0.78 | -3.27 | — | -2.87 | -2.49 | -3.14 | — | -2.99 | — |
| Interest Coverage | -108.53 | -108.53 | -108.95 | -28.03 | 162.20 | 261.76 | -18.31 | 0.57 | -1.97 | -3.66 | -12.40 |
Net cash position: cash ($175M) exceeds total debt ($113M)
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.43x means Sonos, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 0.94x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 1.86x to 1.43x 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 | 1.43 | 1.43 | 1.51 | 1.86 | 1.62 | 2.01 | 1.68 | 1.69 | 1.68 | 1.35 | 1.21 |
| Quick Ratio | 0.94 | 0.94 | 0.87 | 0.88 | 0.77 | 1.62 | 1.22 | 1.14 | 1.03 | 0.84 | 0.86 |
| Cash Ratio | 0.65 | 0.65 | 0.60 | 0.62 | 0.51 | 1.34 | 1.04 | 0.84 | 0.75 | 0.58 | 0.49 |
| Asset Turnover | — | 1.75 | 1.66 | 1.65 | 1.47 | 1.51 | 1.63 | 1.66 | 1.94 | 2.48 | 3.23 |
| Inventory Turnover | 4.75 | 4.75 | 3.58 | 2.71 | 2.10 | 4.90 | 4.17 | 3.34 | 3.35 | 4.71 | 9.30 |
| Days Sales Outstanding | — | 16.65 | 10.70 | 14.90 | 21.08 | 21.43 | 15.12 | 29.74 | 23.50 | 17.42 | 18.35 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Sonos, Inc. returns 4.3% to shareholders annually primarily through share buybacks.
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 | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | 3.5% | 3.5% | — | — | — | — | — |
| FCF Yield | 5.7% | 5.9% | 9.0% | 3.0% | — | 4.6% | 7.7% | 7.0% | — | — | — |
| Buyback Yield | 4.3% | 4.4% | 10.3% | 7.9% | 9.9% | 2.2% | 3.7% | 0.2% | 0.1% | — | — |
| Total Shareholder Yield | 4.3% | 4.4% | 10.3% | 7.9% | 9.9% | 2.2% | 3.7% | 0.2% | 0.1% | — | — |
| Shares Outstanding | — | $121M | $123M | $128M | $138M | $140M | $110M | $104M | $105M | $106M | $106M |
Compare SONO 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 |
|---|---|---|---|---|---|---|---|---|---|
| SONOYou | $2B | -30.2 | 154.4 | 17.5 | 43.7% | -3.5% | -15.6% | -12.3% | 9.5 |
| SONY | $138B | 19.2 | 12.7 | 12.8 | 28.4% | 10.9% | 14.0% | 10.7% | 2.3 |
| TBCH | $242M | 16.1 | 10.6 | 285.9 | 34.6% | 5.4% | 15.7% | 10.8% | 3.3 |
| KOSS | $39M | -44.2 | — | — | 37.8% | -13.8% | -2.8% | -4.2% | — |
| RIME | $4M | -0.7 | — | — | 20.3% | -59.3% | — | — | — |
| 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 · 10 years · Updated daily
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View ValuationSee how SONO stacks up against sector leader Sony Group Corporation.
Start ComparisonSonos, Inc.'s current P/E ratio is -30.2x. The historical average is 28.5x.
Sonos, Inc.'s current EV/EBITDA is 154.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 32.9x.
Sonos, Inc.'s return on equity (ROE) is -15.6%. The historical average is -0.1%.
Based on historical data, Sonos, Inc. is trading at a P/E of -30.2x. Compare with industry peers and growth rates for a complete picture.
Sonos, Inc. has 43.7% gross margin and -3.5% operating margin.
Sonos, Inc.'s Debt/EBITDA ratio is 9.5x, indicating high leverage. A ratio above 4x may signal elevated financial risk.