Latest Ratios: P/E Ratio 38.6x · EV/EBITDA 17.7x · ROE 10.1%. (2019–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.9B | $7.6B | $5.5B | $3.5B | $3.1B | $4.9B | — | — |
| Enterprise Value | $3.6B | $7.3B | $5.2B | $3.3B | $2.9B | $4.6B | — | — |
| P/E Ratio → | 38.56 | 79.23 | 173.40 | 100.45 | 291.23 | 375.43 | — | — |
| P/S Ratio | 2.76 | 6.13 | 4.98 | 3.99 | 4.26 | 8.74 | — | — |
| P/B Ratio | 3.78 | 7.76 | 5.93 | 4.01 | 4.11 | 6.66 | — | — |
| P/FCF | 19.59 | 43.44 | 43.97 | 60.02 | 563.61 | 3335.19 | — | — |
| P/OCF | 8.50 | 18.84 | 15.61 | 13.54 | 18.52 | 37.08 | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 5.88 | 4.71 | 3.73 | 3.96 | 8.19 | — | — |
| EV / EBITDA | 17.68 | 41.28 | 12.43 | 11.51 | 13.77 | 25.19 | — | — |
| EV / EBIT | 27.80 | 36.96 | 52.09 | 41.65 | 50.01 | 81.84 | — | — |
| EV / FCF | — | 41.71 | 41.56 | 56.13 | 523.62 | 3126.06 | — | — |
Margins and return-on-capital ratios measuring operating efficiency
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 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 21.1% | 21.1% | 56.8% | 61.5% | 59.1% | 80.8% | 79.4% | 85.9% |
| Operating Margin | 9.1% | 9.1% | 12.2% | 8.9% | 3.5% | 9.5% | — | 13.8% |
| Net Profit Margin | 7.8% | 7.8% | 3.1% | 3.9% | 1.5% | 2.2% | 3.8% | 3.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | 10.1% | 10.1% | 3.8% | 4.3% | 1.5% | 2.7% | 8.2% | 6.8% |
| ROA | 3.7% | 3.7% | 1.5% | 1.9% | 0.7% | 0.9% | 1.5% | 1.5% |
| ROIC | 12.9% | 12.9% | 15.8% | 9.9% | 3.9% | 11.5% | — | 13.6% |
| ROCE | 5.3% | 5.3% | 7.1% | 5.3% | 1.9% | 4.3% | — | 9.0% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.06 | 0.06 | 0.05 | 0.06 | 0.03 | 0.59 | 2.67 | 1.04 |
| Debt / EBITDA | 0.36 | 0.36 | 0.11 | 0.18 | 0.11 | 2.39 | 3.14 | 1.09 |
| Net Debt / Equity | — | -0.31 | -0.32 | -0.26 | -0.29 | -0.42 | 0.32 | 0.67 |
| Net Debt / EBITDA | -1.71 | -1.71 | -0.72 | -0.80 | -1.05 | -1.69 | 0.38 | 0.70 |
| Debt / FCF | — | -1.73 | -2.41 | -3.89 | -40.00 | -209.13 | 1.13 | 2.42 |
| Interest Coverage | 2.37 | 2.37 | 1.29 | 2.50 | 1.40 | 1.73 | 2.04 | 0.24 |
Net cash position: cash ($365M) exceeds total debt ($63M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.17 | 1.17 | 1.53 | 1.26 | 1.30 | 3.36 | 2.25 | 0.58 |
| Quick Ratio | 1.17 | 1.17 | 1.52 | 1.24 | 1.28 | 3.36 | 2.25 | 0.58 |
| Cash Ratio | 0.64 | 0.64 | 0.93 | 0.78 | 0.79 | 2.93 | 1.93 | 0.30 |
| Asset Turnover | — | 0.43 | 0.48 | 0.39 | 0.53 | 0.32 | 0.35 | 0.48 |
| Inventory Turnover | — | — | 83.80 | 56.40 | 52.30 | — | — | — |
| Days Sales Outstanding | — | 68.58 | 60.75 | 59.32 | 61.45 | 53.57 | 54.94 | 40.33 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
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 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.6% | 1.3% | 0.6% | 1.0% | 0.3% | 0.3% | — | — |
| FCF Yield | 5.1% | 2.3% | 2.3% | 1.7% | 0.2% | 0.0% | — | — |
| Buyback Yield | 3.1% | 1.4% | 0.5% | 0.3% | 0.1% | 0.0% | — | — |
| Total Shareholder Yield | 3.1% | 1.4% | 0.5% | 0.3% | 0.1% | 0.0% | — | — |
| Shares Outstanding | — | $319M | $318M | $317M | $313M | $279M | $296M | $296M |
Includes 30+ ratios · 7 years · Updated daily
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10-year return with dividends reinvested.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying SRAD stock.
Sportradar Group AG's current P/E ratio is 38.6x. The historical average is 117.7x.
Sportradar Group AG's current EV/EBITDA is 17.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 20.8x.
Sportradar Group AG's return on equity (ROE) is 10.1%. The historical average is 5.3%.
Based on historical data, Sportradar Group AG is trading at a P/E of 38.6x. Compare with industry peers and growth rates for a complete picture.
Sportradar Group AG has 21.1% gross margin and 9.1% operating margin.
Sportradar Group AG's Debt/EBITDA ratio is 0.4x, indicating low leverage. A ratio below 2x is generally considered financially healthy.
Key Metrics
Top Statement Risk
Rights cost inflation pressure
Rights Toll Distorts Software Margins
Gross margin swung from 63.9% in 2025Q3 to 16.8% in 2026Q2, reflecting heavy sports rights amortization. As reported in financial statements, this volatility masks the underlying earning power of the data utility model.
The 21.11% gross margin is far below typical software peers, but this is not a software company; it is a data utility paying a toll to leagues. Operating margin of 9.06% in 2026Q2 suggests some operating leverage, yet the cost of rights remains the dominant constraint. Investors should focus on cash flow generation rather than GAAP margins, as non-cash amortization of rights depresses reported profitability.
ROIC Stuck in Single Digits
ROIC has hovered between 2.4% and 5.1% over the past ten quarters, with 2026Q2 at 4.8%. Based on reported figures, this suggests the company is not yet compounding returns on its heavy rights investments.
The low ROIC reflects the massive upfront investment in exclusive sports rights, which are amortized over time. While the business generates strong cash flow, the capital intensity of rights acquisition keeps returns below the cost of capital. The recent ATP extension and US expansion may improve returns if revenue growth outpaces rights cost inflation, but the trend warrants monitoring.
Working Capital Leverage on Display
DSO improved to 38 days in 2026Q2 from 58 days a year earlier, while DPO extended to 127 days. As per financial statements, this indicates Sportradar is collecting faster and paying suppliers later, boosting cash flow.
The negative cash conversion cycle in 2024Q4 (-111 days) and the current DPO of 127 days suggest the company uses its scale to negotiate favorable payment terms with rights holders. However, the absence of DIO data limits a full CCC calculation. The improvement in DSO may reflect better contract terms or a shift in revenue mix toward higher-quality clients.
Minimal Debt Masks Rights Commitments
Debt-to-equity is negligible at 0.08, with interest coverage of 1.67 in 2026Q2. According to recent filings, the fortress balance sheet provides ample flexibility, but off-balance-sheet rights obligations represent the true leverage.
With only $61M in debt against $365M in cash, Sportradar faces minimal refinancing risk. However, the multi-year minimum guarantees to leagues are not captured in D/E, and these commitments will require cash outlays that could strain liquidity if revenue growth stalls. The low interest coverage in 2026Q2 (1.67) is due to depressed EBIT, not high debt, but it highlights earnings volatility.
Liquidity Cushion Thins
The current ratio fell to 0.98 in 2026Q2 from 1.53 in 2024Q4, while cash declined to $251M. As reported in balance sheet data, this suggests a tightening liquidity position despite the fortress debt profile.
The quick ratio equals the current ratio at 0.98, indicating minimal inventory dependence, which is typical for a data provider. However, the sub-1.0 current ratio implies that current liabilities exceed current assets, a potential red flag if rights payments come due. The $365M cash balance provides a buffer, but the trend warrants monitoring as the company continues to invest in rights.
Misapplied SaaS Metrics
The most misapplied ratio is EV/EBITDA, which at 17.57 appears reasonable but ignores the recurring cash cost of rights renewals. Based on reported figures, adjusted EBITDA overstates true cash earnings.
Analysts often treat Sportradar like a SaaS company, but its cost structure is closer to a media company with high content costs. EBITDA excludes the amortization of sports rights, which is a real, recurring cash outlay upon renewal. A better metric is EV/OCF or EV/FCF, which captures the cash impact of rights payments. The forward EV/EBITDA of 7.54 may be misleading if rights costs escalate.