Sonos, Inc. (SONO) Financial Ratios
10 years of historical data (2016–2025) · Technology · Consumer Electronics
EV/EBITDA
↑
140.00
↑+26% vs avg
5yr avg: 110.70
30Y Low13.1·High52.2
P/FCF
↓
16.40
↓-21% vs avg
5yr avg: 20.72
30Y Low11.1·High32.9
P/B Ratio
↓
4.99
+7% vs avg
5yr avg: 4.65
30Y Low3.2·High8.1
ROE
↓
-15.6%
↑-440% vs avg
5yr avg: 4.6%
30Y Low-16%·High37%
Debt/EBITDA
↑
5.03
+13% vs avg
5yr avg: 4.47
30Y Low0.2·High14.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
SONO Valuation Multiples
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 16.4x P/FCF, 21% 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 | $1.8B | $1.8B | $1.5B | $1.6B | $1.9B | $4.5B | $1.7B | $1.4B | $1.7B | — | — |
| Enterprise Value | $1.7B | $1.7B | $1.4B | $1.5B | $1.7B | $3.9B | $1.4B | $1.1B | $1.5B | — | — |
| P/E Ratio → | -28.78 | — | — | — | 28.37 | 28.55 | — | — | — | — | — |
| P/S Ratio | 1.23 | 1.28 | 0.99 | 1.00 | 1.09 | 2.64 | 1.28 | 1.10 | 1.48 | — | — |
| P/B Ratio | 4.99 | 5.20 | 3.49 | 3.18 | 3.42 | 7.95 | 5.71 | 4.95 | 8.10 | — | — |
| P/FCF | 16.40 | 17.08 | 11.12 | 32.89 | — | 21.79 | 13.20 | 14.29 | — | — | — |
| P/OCF | 12.96 | 13.50 | 7.88 | 16.42 | — | 17.87 | 10.51 | 11.54 | 55.22 | — | — |
P/E links to full P/E history page with 30-year chart
SONO EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Sonos, Inc.'s enterprise value stands at 140.0x EBITDA, 26% above its 5-year average of 110.7x. The Technology sector median is 16.7x, placing the stock at a 736% 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 | 2.29 | 1.04 | 0.86 | 1.33 | — | — |
| EV / EBITDA | 140.00 | 146.16 | 321.22 | 52.23 | 13.09 | 20.82 | 150.23 | 28.71 | 49.43 | — | — |
| EV / EBIT | — | — | — | 289.55 | 24.19 | 24.96 | — | 190.61 | — | — | — |
| EV / FCF | — | 16.01 | 10.33 | 29.62 | — | 18.93 | 10.71 | 11.15 | — | — | — |
SONO Profitability
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.
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 | 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% |
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 | -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 | -13.4% | -13.4% | -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% |
SONO Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Sonos, Inc. carries a Debt/EBITDA ratio of 5.0x, which is highly leveraged (71% above the sector average of 2.9x). The company holds a net cash position — cash of $175M exceeds total debt of $60M, 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 | 0.17 | 0.17 | 0.15 | 0.11 | 0.06 | 0.08 | 0.29 | 0.12 | 0.19 | 1466.67 | — |
| Debt / EBITDA | 5.03 | 5.03 | 14.81 | 1.97 | 0.28 | 0.24 | 9.38 | 0.88 | 1.30 | 2.04 | 7.10 |
| Net Debt / Equity | — | -0.32 | -0.25 | -0.32 | -0.43 | -1.05 | -1.08 | -1.09 | -0.87 | -3370.19 | — |
| Net Debt / EBITDA | -9.71 | -9.71 | -24.38 | -5.77 | -1.86 | -3.15 | -34.91 | -8.07 | -5.94 | -4.69 | -14.61 |
| Debt / FCF | — | -1.06 | -0.78 | -3.27 | — | -2.87 | -2.49 | -3.14 | — | -2.99 | — |
| Interest Coverage | -107.60 | -107.60 | -60.57 | 6.99 | 125.51 | 266.08 | -12.51 | 2.28 | -2.06 | -2.88 | -13.29 |
Net cash position: cash ($175M) exceeds total debt ($60M)
SONO Liquidity & Efficiency
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 |
SONO Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Sonos, Inc. returns 4.6% 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 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | 3.5% | 3.5% | — | — | — | — | — |
| FCF Yield | 6.1% | 5.9% | 9.0% | 3.0% | — | 4.6% | 7.6% | 7.0% | — | — | — |
| Buyback Yield | 4.6% | 4.4% | 10.3% | 7.9% | 9.9% | 2.2% | 3.6% | 0.2% | 0.1% | — | — |
| Total Shareholder Yield | 4.6% | 4.4% | 10.3% | 7.9% | 9.9% | 2.2% | 3.6% | 0.2% | 0.1% | — | — |
| Shares Outstanding | — | $121M | $123M | $128M | $138M | $140M | $110M | $104M | $105M | $106M | $106M |
Peer Comparison
Compare SONO 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 |
|---|---|---|---|---|---|---|---|---|---|
 SONOYou | $2B | -28.8 | 140.0 | 16.4 | 43.7% | -3.5% | -15.6% | -13.4% | 5.0 |
 KOSS | $38M | -43.1 | — | — | 37.8% | -13.8% | -2.8% | -4.2% | — |
 LOGI | $15B | 22.4 | 17.7 | 15.8 | 43.2% | 16.0% | 32.7% | 97.8% | — |
 AAPL | $4.4T | 39.9 | 30.8 | 44.3 | 46.9% | 32.0% | 171.4% | 67.4% | 0.8 |
 AMZN | $2.6T | 34.1 | 18.5 | 341.6 | 50.3% | 11.2% | 22.3% | 14.7% | 1.0 |
 GOOGL | $4.5T | 34.0 | 29.8 | 60.8 | 59.7% | 32.1% | 35.7% | 25.1% | 0.4 |
 SOUN | $3B | -205.8 | 261.3 | — | 42.4% | -13.8% | -4.3% | -16.8% | 0.4 |
 SONY | $120B | -57.2 | 6.5 | 12.3 | 30.8% | 12.4% | -4.1% | 13.9% | 0.6 |
 QCOM | $238B | 45.1 | 17.7 | 18.6 | 55.4% | 27.9% | 23.3% | 29.1% | 1.2 |
 TXN | $294B | 59.2 | 38.2 | 112.9 | 57.0% | 34.1% | 30.1% | 15.8% | 1.9 |
 SPOT | $96B | 38.9 | 35.3 | 29.3 | 32.0% | 12.8% | 31.9% | 40.5% | 1.0 |
| Technology Median | — | 29.0 | 16.7 | 19.2 | 48.8% | 0.2% | 1.6% | 2.7% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 10 years · Updated daily
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SONO — Frequently Asked Questions
Quick answers to the most common questions about buying SONO stock.
What is Sonos, Inc.'s P/E ratio?
Sonos, Inc.'s current P/E ratio is -28.8x. The historical average is 28.5x.
What is Sonos, Inc.'s EV/EBITDA?
Sonos, Inc.'s current EV/EBITDA is 140.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 32.9x.
What is Sonos, Inc.'s ROE?
Sonos, Inc.'s return on equity (ROE) is -15.6%. The historical average is -0.1%.
Is SONO stock overvalued?
Based on historical data, Sonos, Inc. is trading at a P/E of -28.8x. Compare with industry peers and growth rates for a complete picture.
What are Sonos, Inc.'s profit margins?
Sonos, Inc. has 43.7% gross margin and -3.5% operating margin.
How much debt does Sonos, Inc. have?
Sonos, Inc.'s Debt/EBITDA ratio is 5.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.