Spok Holdings, Inc. (SPOK) Financial Ratios
22 years of historical data (2004–2025) · Healthcare · Medical - Healthcare Information Services
EV/EBITDA
↓
8.62
↓-29% vs avg
5yr avg: 12.17
30Y Low1.4·High88.7
P/FCF
↓
8.65
↓-65% vs avg
5yr avg: 24.70
30Y Low3.0·High61.1
P/B Ratio
↑
1.51
-5% vs avg
5yr avg: 1.59
30Y Low0.9·High2.2
ROE
↑
10.5%
↓+75% vs avg
5yr avg: 6.0%
30Y Low-61%·High45%
Debt/EBITDA
↓
0.30
↓-52% vs avg
5yr avg: 0.63
30Y Low0.0·High7.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
SPOK Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Spok Holdings, Inc. trades at 14.0x earnings, 17% below its 5-year average of 16.8x, sitting at the 47th percentile of its historical range. Compared to the Healthcare sector median P/E of 22.1x, the stock trades at a discount of 37%. On a free-cash-flow basis, the stock trades at 8.6x P/FCF, 65% below the 5-year average of 24.7x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $218M | $278M | $330M | $315M | $164M | $181M | $212M | $233M | $261M | $316M | $427M |
| Enterprise Value | $200M | $260M | $310M | $294M | $144M | $154M | $178M | $203M | $177M | $209M | $301M |
| P/E Ratio → | 14.01 | 17.59 | 21.99 | 20.10 | 7.51 | — | — | — | — | — | 30.51 |
| P/S Ratio | 1.56 | 1.99 | 2.40 | 2.27 | 1.22 | 1.27 | 1.43 | 1.46 | 1.54 | 1.85 | 2.38 |
| P/B Ratio | 1.51 | 1.90 | 2.13 | 1.92 | 0.95 | 1.04 | 1.06 | 0.93 | 0.95 | 1.09 | 1.33 |
| P/FCF | 8.65 | 11.03 | 12.84 | 13.83 | 61.09 | — | 18.49 | 34.05 | 59.27 | 49.87 | 13.69 |
| P/OCF | 7.53 | 9.60 | 11.41 | 12.03 | 25.36 | 22.72 | 8.10 | 19.97 | 25.28 | 20.33 | 11.40 |
P/E links to full P/E history page with 30-year chart
SPOK EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Spok Holdings, Inc.'s enterprise value stands at 8.6x EBITDA, 29% below its 5-year average of 12.2x. The Healthcare sector median is 14.2x, placing the stock at a 39% 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 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.86 | 2.25 | 2.11 | 1.07 | 1.08 | 1.20 | 1.27 | 1.05 | 1.22 | 1.68 |
| EV / EBITDA | 8.62 | 11.22 | 13.40 | 11.18 | 12.90 | — | 15.60 | 88.73 | 23.36 | 9.37 | 8.24 |
| EV / EBIT | 10.12 | 12.11 | 15.43 | 13.17 | 144.11 | — | — | — | — | 18.09 | 13.12 |
| EV / FCF | — | 10.30 | 12.04 | 12.91 | 53.61 | — | 15.52 | 29.63 | 40.33 | 32.98 | 9.66 |
SPOK Profitability
Margins and return-on-capital ratios measuring operating efficiency
Spok Holdings, Inc. earns an operating margin of 14.1%. Operating margins have compressed from 15.7% to 14.1% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 10.5% is modest. ROIC of 11.3% represents solid returns on invested capital.
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 | 78.8% | 78.8% | 79.3% | 58.9% | 56.0% | 49.2% | 74.6% | 75.5% | 56.0% | 58.2% | 57.5% |
| Operating Margin | 14.1% | 14.1% | 13.8% | 15.7% | 5.6% | -8.5% | 1.6% | -4.3% | -1.9% | 6.3% | 13.1% |
| Net Profit Margin | 11.4% | 11.4% | 10.9% | 11.3% | 16.2% | -15.6% | -29.8% | -6.7% | -0.9% | -8.9% | 7.8% |
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 | 10.5% | 10.5% | 9.4% | 9.3% | 12.6% | -11.9% | -19.6% | -4.1% | -0.5% | -5.0% | 4.3% |
| ROA | 7.5% | 7.5% | 6.7% | 6.6% | 8.9% | -8.4% | -14.7% | -3.3% | -0.4% | -4.1% | 3.6% |
| ROIC | 11.3% | 11.3% | 10.3% | 11.1% | 3.8% | -5.8% | 0.9% | -2.5% | -1.3% | 4.2% | 8.4% |
| ROCE | 12.1% | 12.1% | 10.9% | 11.8% | 3.9% | -5.8% | 1.0% | -2.5% | -1.1% | 3.4% | 7.0% |
SPOK Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Spok Holdings, Inc. carries a Debt/EBITDA ratio of 0.3x, which is very conservative (91% below the sector average of 3.2x). The company holds a net cash position — cash of $25M exceeds total debt of $7M, 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 | 0.05 | 0.05 | 0.06 | 0.07 | 0.09 | 0.10 | 0.07 | 0.07 | — | — | — |
| Debt / EBITDA | 0.30 | 0.30 | 0.38 | 0.42 | 1.41 | — | 1.29 | 7.43 | — | — | — |
| Net Debt / Equity | — | -0.13 | -0.13 | -0.13 | -0.12 | -0.16 | -0.17 | -0.12 | -0.30 | -0.37 | -0.39 |
| Net Debt / EBITDA | -0.79 | -0.79 | -0.88 | -0.79 | -1.80 | — | -2.98 | -13.26 | -10.97 | -4.80 | -3.44 |
| Debt / FCF | — | -0.73 | -0.79 | -0.92 | -7.48 | — | -2.97 | -4.43 | -18.94 | -16.90 | -4.03 |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — |
Net cash position: cash ($25M) exceeds total debt ($7M)
SPOK Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.18x means Spok Holdings, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 1.33x to 1.18x 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 | 1.18 | 1.18 | 1.26 | 1.33 | 1.31 | 1.71 | 2.07 | 2.30 | 2.91 | 2.89 | 2.77 |
| Quick Ratio | 1.18 | 1.18 | 1.26 | 1.33 | 1.18 | 1.59 | 1.91 | 2.28 | 2.88 | 2.85 | 2.73 |
| Cash Ratio | 0.51 | 0.51 | 0.60 | 0.67 | 0.67 | 1.08 | 1.37 | 1.51 | 1.94 | 2.11 | 2.23 |
| Asset Turnover | — | 0.68 | 0.63 | 0.61 | 0.55 | 0.57 | 0.53 | 0.50 | 0.52 | 0.49 | 0.46 |
| Inventory Turnover | — | — | — | — | 8.65 | 10.88 | 4.20 | 39.16 | 43.64 | 42.79 | 38.25 |
| Days Sales Outstanding | — | 59.16 | 58.20 | 61.21 | 72.88 | 69.09 | 73.73 | 68.71 | 69.75 | 63.38 | 48.11 |
SPOK Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Spok Holdings, Inc. returns 13.6% to shareholders annually — split between a 12.3% dividend yield and 1.3% buyback yield. The payout ratio exceeds 100% at 171.6%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 7.1% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
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 | 12.3% | 9.8% | 8.0% | 8.1% | 15.3% | 5.5% | 4.6% | 4.2% | 3.9% | 4.8% | 2.4% |
| Payout Ratio | 171.6% | 171.6% | 176.3% | 163.7% | 114.4% | — | — | — | — | — | 73.6% |
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 | 7.1% | 5.7% | 4.5% | 5.0% | 13.3% | — | — | — | — | — | 3.3% |
| FCF Yield | 11.6% | 9.1% | 7.8% | 7.2% | 1.6% | — | 5.4% | 2.9% | 1.7% | 2.0% | 7.3% |
| Buyback Yield | 1.3% | 1.0% | 0.7% | 0.4% | 0.7% | 1.0% | 0.4% | 3.3% | 5.5% | 3.2% | 1.5% |
| Total Shareholder Yield | 13.6% | 10.8% | 8.7% | 8.5% | 16.0% | 6.6% | 5.0% | 7.5% | 9.4% | 8.0% | 3.9% |
| Shares Outstanding | — | $21M | $21M | $20M | $20M | $19M | $19M | $19M | $20M | $20M | $21M |
Peer Comparison
Compare SPOK 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 |
|---|---|---|---|---|---|---|---|---|---|
 SPOKYou | $218M | 14.0 | 8.6 | 8.6 | 78.8% | 14.1% | 10.5% | 11.3% | 0.3 |
 SHEN | $784M | -20.0 | 12.8 | — | 26.9% | -6.2% | -4.0% | -1.1% | 5.9 |
 LUMN | $8B | -4.7 | 9.8 | 22.8 | 46.5% | -1.5% | — | -0.8% | 6.9 |
 NTGR | $630M | -20.2 | — | — | 36.2% | -5.1% | -6.3% | -8.4% | — |
 MSI | $66B | 31.0 | 21.9 | 25.5 | 50.2% | 25.1% | 103.9% | 25.6% | 2.9 |
 EGHT | $260M | 184.0 | 28.4 | 5.0 | 64.6% | 2.6% | 1.2% | 3.3% | 19.6 |
 BAND | $2B | -119.5 | 52.4 | 0.0 | 35.8% | -1.9% | -3.6% | -1.2% | 16.4 |
 IQST | $4M | -0.5 | — | — | 3.0% | -0.6% | -65.0% | -7.7% | — |
 CSCO | $471B | 46.9 | 33.6 | 35.5 | 64.9% | 20.8% | 22.1% | 13.0% | 1.9 |
 HPE | $63B | -1063.0 | 18.5 | 100.1 | 28.8% | 4.8% | 0.2% | 3.4% | 5.5 |
 ERIC | $35B | 13.7 | 8.9 | 11.8 | 48.1% | 13.8% | 26.3% | 22.3% | 1.2 |
| 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 · 22 years · Updated daily
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SPOK — Frequently Asked Questions
Quick answers to the most common questions about buying SPOK stock.
What is Spok Holdings, Inc.'s P/E ratio?
Spok Holdings, Inc.'s current P/E ratio is 14.0x. The historical average is 19.2x. This places it at the 47th percentile of its historical range.
What is Spok Holdings, Inc.'s EV/EBITDA?
Spok Holdings, Inc.'s current EV/EBITDA is 8.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.4x.
What is Spok Holdings, Inc.'s ROE?
Spok Holdings, Inc.'s return on equity (ROE) is 10.5%. The historical average is 6.6%.
Is SPOK stock overvalued?
Based on historical data, Spok Holdings, Inc. is trading at a P/E of 14.0x. This is at the 47th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Spok Holdings, Inc.'s dividend yield?
Spok Holdings, Inc.'s current dividend yield is 12.31% with a payout ratio of 171.6%.
What are Spok Holdings, Inc.'s profit margins?
Spok Holdings, Inc. has 78.8% gross margin and 14.1% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Spok Holdings, Inc. have?
Spok Holdings, Inc.'s Debt/EBITDA ratio is 0.3x, indicating low leverage. A ratio below 2x is generally considered financially healthy.