Spruce Power Holding Corporation (SPRU) Financial Ratios
8 years of historical data (2018–2025) · Energy · Solar
EV/EBITDA
14.04
-6% vs avg
5yr avg: 14.88
30Y Low14.9·High14.9
P/FCF
N/A
—
5yr avg: N/A
P/B Ratio
↓
0.41
↓-38% vs avg
5yr avg: 0.66
30Y Low0.4·High10.6
ROE
↓
-19.4%
↓+6% vs avg
5yr avg: -20.6%
30Y Low-69%·High10%
Debt/EBITDA
14.11
+0% vs avg
5yr avg: 14.11
30Y Low14.1·High14.1
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
SPRU Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Spruce Power Holding Corporation 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 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $51M | $92M | $55M | $81M | $131M | $492M | $2.0B | $277M | — |
| Enterprise Value | $678M | $719M | $693M | $566M | $394M | $144M | $1.7B | $288M | — |
| P/E Ratio → | -1.93 | — | — | — | — | 15.95 | — | — | — |
| P/S Ratio | 0.46 | 0.82 | 0.67 | 1.02 | 5.65 | 31.51 | 98.67 | 38.45 | — |
| P/B Ratio | 0.41 | 0.76 | 0.38 | 0.38 | 0.45 | 1.36 | 10.62 | — | — |
| P/FCF | — | — | — | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
SPRU EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Spruce Power Holding Corporation's enterprise value stands at 14.0x EBITDA, 6% below its 5-year average of 14.9x. The Energy sector median is 7.9x, placing the stock at a 78% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 6.43 | 8.44 | 7.08 | 16.99 | 9.26 | 82.47 | 39.89 | — |
| EV / EBITDA | 14.04 | 14.88 | — | — | — | — | — | — | — |
| EV / EBIT | 38.11 | 40.40 | — | — | — | 2.74 | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — | — |
SPRU Profitability
Margins and return-on-capital ratios measuring operating efficiency
Spruce Power Holding Corporation earns an operating margin of 15.9%, above the Energy sector average of 13.8%. Operating margins have expanded from -46.1% to 15.9% over the past 3 years, signaling improving operational efficiency. A negative ROE of -19.4% indicates the company is currently destroying shareholder equity. ROIC of 1.7% represents below-average returns on invested capital versus a sector median of 6.2%.
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 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 64.3% | 64.3% | 51.3% | 52.7% | 57.1% | -4.5% | 13.5% | -11.9% | -15.4% |
| Operating Margin | 15.9% | 15.9% | -61.4% | -46.1% | -255.6% | -377.6% | -75.2% | -188.1% | -133.0% |
| Net Profit Margin | -23.2% | -23.2% | -85.9% | -82.4% | -405.0% | 184.6% | -298.0% | -206.5% | -135.2% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | -19.4% | -19.4% | -39.1% | -26.1% | -28.9% | 10.5% | -69.2% | — | -1525.2% |
| ROA | -3.0% | -3.0% | -7.9% | -7.4% | -14.6% | 7.8% | -34.0% | -130.8% | -95.3% |
| ROIC | 1.7% | 1.7% | -5.1% | -4.4% | -15.7% | -299.9% | — | — | — |
| ROCE | 2.5% | 2.5% | -6.1% | -4.4% | -9.8% | -16.5% | -9.2% | — | -205.1% |
SPRU Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Spruce Power Holding Corporation carries a Debt/EBITDA ratio of 14.1x, which is highly leveraged (442% above the sector average of 2.6x). Net debt stands at $627M ($682M total debt minus $55M cash). Interest coverage of just 0.3x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 5.62 | 5.62 | 4.87 | 2.91 | 1.74 | 0.01 | 0.00 | — | 4.60 |
| Debt / EBITDA | 14.11 | 14.11 | — | — | — | — | — | — | — |
| Net Debt / Equity | — | 5.17 | 4.37 | 2.26 | 0.91 | -0.96 | -1.74 | — | -2.12 |
| Net Debt / EBITDA | 12.98 | 12.98 | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — | — |
| Interest Coverage | 0.35 | 0.35 | -0.74 | -0.32 | -3.62 | 1349.77 | -8.51 | -5.93 | — |
SPRU Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.49x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 2.84x to 0.49x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.49 | 0.49 | 2.29 | 2.84 | 4.61 | 22.52 | 38.02 | 0.46 | 1.71 |
| Quick Ratio | 0.49 | 0.49 | 2.29 | 2.84 | 4.61 | 21.60 | 37.62 | 0.31 | 1.37 |
| Cash Ratio | 0.23 | 0.23 | 1.22 | 1.97 | 4.02 | 21.14 | 36.29 | 0.22 | 0.77 |
| Asset Turnover | — | 0.13 | 0.09 | 0.09 | 0.03 | 0.04 | 0.06 | 0.78 | 0.70 |
| Inventory Turnover | — | — | — | — | — | 1.07 | 4.92 | 3.60 | 4.49 |
| Days Sales Outstanding | — | 51.41 | 66.73 | 41.99 | 131.18 | — | 189.50 | 58.63 | 144.97 |
SPRU Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Spruce Power Holding Corporation returns 3.6% 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 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | 0.0% | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | 6.3% | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 3.6% | 2.0% | 1.6% | 6.7% | 0.0% | 0.0% | 0.0% | 83.4% | — |
| Total Shareholder Yield | 3.6% | 2.0% | 1.6% | 6.7% | 0.0% | 0.0% | 0.0% | 83.4% | — |
| Shares Outstanding | — | $18M | $18M | $18M | $18M | $19M | $11M | $3M | $1M |
Peer Comparison
Compare SPRU 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 |
|---|---|---|---|---|---|---|---|---|---|
 SPRUYou | $51M | -1.9 | 14.0 | — | 64.3% | 15.9% | -19.4% | 1.7% | 14.1 |
 RUN | $3B | 8.0 | 24.3 | — | 26.8% | -4.3% | 9.8% | -0.5% | 21.4 |
 SHLS | $2B | 54.7 | 30.8 | — | 35.0% | 11.9% | 5.8% | 5.9% | 2.7 |
 SEDG | $4B | -8.3 | — | 43.3 | 15.3% | -24.1% | -74.7% | -29.5% | — |
 ENPH | $7B | 40.6 | 31.3 | 72.0 | 46.6% | 11.2% | 17.9% | 6.8% | 5.1 |
 ARRY | $1B | -11.7 | 13.9 | 16.5 | 21.2% | 6.6% | -19.0% | 9.0% | 5.8 |
 FTCI | $84M | -1.0 | — | — | 1.1% | -33.5% | — | — | — |
 SPWR | $114M | -10.4 | — | — | 48.5% | -2.0% | — | -5.3% | — |
 NEE | $180B | 26.2 | 17.7 | — | 62.8% | 30.1% | 10.7% | 4.1% | 6.2 |
 AES | $10B | 11.6 | 11.3 | — | 18.1% | 16.1% | 9.7% | 3.9% | 8.8 |
 FSLR | $28B | 18.5 | 11.7 | 23.8 | 40.6% | 32.3% | 17.4% | 17.6% | 0.2 |
| Energy Median | — | 15.6 | 7.9 | 13.9 | 33.7% | 13.8% | 7.2% | 6.2% | 2.6 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 8 years · Updated daily
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SPRU — Frequently Asked Questions
Quick answers to the most common questions about buying SPRU stock.
What is Spruce Power Holding Corporation's P/E ratio?
Spruce Power Holding Corporation's current P/E ratio is -1.9x. The historical average is 16.0x.
What is Spruce Power Holding Corporation's EV/EBITDA?
Spruce Power Holding Corporation's current EV/EBITDA is 14.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.9x.
What is Spruce Power Holding Corporation's ROE?
Spruce Power Holding Corporation's return on equity (ROE) is -19.4%. The historical average is -28.7%.
Is SPRU stock overvalued?
Based on historical data, Spruce Power Holding Corporation is trading at a P/E of -1.9x. Compare with industry peers and growth rates for a complete picture.
What are Spruce Power Holding Corporation's profit margins?
Spruce Power Holding Corporation has 64.3% gross margin and 15.9% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Spruce Power Holding Corporation have?
Spruce Power Holding Corporation's Debt/EBITDA ratio is 14.1x, indicating high leverage. A ratio above 4x may signal elevated financial risk.