SWK Holdings Corporation (SWKH) Financial Ratios
28 years of historical data (1998–2025) · Financial Services · Asset Management
EV/EBITDA
↑
8.94
↓-15% vs avg
5yr avg: 10.54
30Y Low0.7·High61.5
P/FCF
↑
7.05
↓-37% vs avg
5yr avg: 11.14
30Y Low5.0·High27.7
P/B Ratio
↑
0.82
+19% vs avg
5yr avg: 0.69
30Y Low0.4·High25.7
ROE
↓
-1.0%
↑-120% vs avg
5yr avg: 4.9%
30Y Low-406%·High165%
Debt/EBITDA
↑
1.33
↓-2% vs avg
5yr avg: 1.36
30Y Low0.0·High2.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
SWKH Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
SWK Holdings Corporation 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 7.0x P/FCF, 37% below the 5-year average of 11.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $192M | $209M | $157M | $176M | $180M | $200M | $147M | $123M | $98M | $113M | $107M |
| Enterprise Value | $182M | $199M | $188M | $215M | $176M | $157M | $155M | $112M | $78M | $82M | $75M |
| P/E Ratio → | -75.71 | — | 11.64 | 11.11 | 13.31 | 7.70 | 28.50 | 5.14 | 16.02 | 37.57 | 3.71 |
| P/S Ratio | 4.64 | 5.13 | 3.48 | 4.67 | 4.34 | 3.55 | 3.99 | 3.99 | — | 3.01 | 4.79 |
| P/B Ratio | 0.82 | 0.89 | 0.54 | 0.63 | 0.64 | 0.75 | 0.61 | 0.52 | 0.46 | 0.64 | 0.52 |
| P/FCF | 7.05 | 7.81 | 6.83 | 12.25 | 22.78 | 6.01 | 9.56 | 6.64 | 5.01 | 5.79 | 11.12 |
| P/OCF | 7.05 | 7.67 | 6.79 | 11.84 | 21.95 | 5.82 | 7.61 | 6.62 | 5.01 | 5.79 | 11.12 |
P/E links to full P/E history page with 30-year chart
SWKH EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
SWK Holdings Corporation's enterprise value stands at 8.9x EBITDA, 15% below its 5-year average of 10.5x. The Financial Services sector median is 11.4x, placing the stock at a 22% 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 | — | 4.87 | 4.18 | 5.69 | 4.25 | 2.79 | 4.23 | 3.63 | — | 2.19 | 3.36 |
| EV / EBITDA | 8.94 | 8.20 | 14.05 | 12.24 | 13.78 | 4.43 | 7.10 | 5.60 | 12.46 | 3.42 | 4.21 |
| EV / EBIT | 8.96 | 7.97 | 8.16 | 13.06 | 17.94 | 4.69 | 37.71 | 6.50 | 12.20 | 3.42 | 4.21 |
| EV / FCF | — | 7.42 | 8.22 | 14.94 | 22.31 | 4.72 | 10.13 | 6.04 | 3.98 | 4.22 | 7.81 |
SWKH Profitability
Margins and return-on-capital ratios measuring operating efficiency
SWK Holdings Corporation earns an operating margin of 58.9%, significantly above the Financial Services sector average of 20.3%. Operating margins have expanded from 38.8% to 58.9% over the past 3 years, signaling improving operational efficiency. A negative ROE of -1.0% indicates the company is currently destroying shareholder equity. ROIC of 6.1% represents adequate returns on invested capital versus a sector median of 5.5%.
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 | 95.3% | 95.3% | 95.1% | 90.9% | 83.2% | 86.9% | 88.4% | 96.2% | — | 100.0% | 100.0% |
| Operating Margin | 58.9% | 58.9% | 25.8% | 38.8% | 24.0% | 55.3% | 26.7% | 48.7% | — | 89.1% | 79.9% |
| Net Profit Margin | -6.2% | -6.2% | 30.0% | 42.1% | 32.5% | 46.2% | 14.2% | 77.5% | — | 8.1% | 129.1% |
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 | -1.0% | -1.0% | 4.7% | 5.7% | 4.9% | 10.2% | 2.2% | 10.6% | 3.2% | 1.6% | 14.9% |
| ROA | -0.8% | -0.8% | 4.0% | 5.0% | 4.6% | 9.3% | 2.0% | 10.1% | 2.9% | 1.5% | 14.8% |
| ROIC | 6.1% | 6.1% | 2.7% | 3.6% | 2.7% | 9.0% | 3.0% | 5.0% | 2.4% | 13.0% | 6.9% |
| ROCE | 8.1% | 8.1% | 3.5% | 4.7% | 3.5% | 11.6% | 3.8% | 6.5% | 3.0% | 16.0% | 9.2% |
SWKH Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
SWK Holdings Corporation carries a Debt/EBITDA ratio of 1.3x, which is manageable (69% below the sector average of 4.3x). The company holds a net cash position — cash of $43M exceeds total debt of $32M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 5.2x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.14 | 0.14 | 0.13 | 0.15 | 0.01 | 0.00 | 0.05 | — | — | 0.00 | 0.00 |
| Debt / EBITDA | 1.33 | 1.33 | 2.81 | 2.46 | 0.19 | 0.00 | 0.54 | — | — | 0.00 | 0.01 |
| Net Debt / Equity | — | -0.05 | 0.11 | 0.14 | -0.01 | -0.16 | 0.04 | -0.05 | -0.09 | -0.17 | -0.15 |
| Net Debt / EBITDA | -0.44 | -0.44 | 2.37 | 2.20 | -0.29 | -1.21 | 0.40 | -0.56 | -3.23 | -1.27 | -1.79 |
| Debt / FCF | — | -0.40 | 1.38 | 2.68 | -0.47 | -1.29 | 0.57 | -0.60 | -1.03 | -1.57 | -3.32 |
| Interest Coverage | 5.19 | 5.19 | 4.92 | 8.90 | 28.91 | 89.26 | 9.05 | 50.83 | 39.98 | — | — |
Net cash position: cash ($43M) exceeds total debt ($32M)
SWKH Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
SWK Holdings Corporation's current ratio of 9.41x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 3.01x to 9.41x 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 | 9.41 | 9.41 | 3.64 | 3.01 | 1.63 | 9.31 | 0.43 | 5.32 | 8.74 | 100.10 | 234.02 |
| Quick Ratio | 9.41 | 9.41 | 3.64 | 3.01 | 1.63 | 9.31 | 0.43 | 5.32 | 8.74 | 100.10 | 234.02 |
| Cash Ratio | 8.60 | 8.60 | 1.07 | 1.14 | 0.97 | 8.41 | 0.20 | 3.65 | 7.84 | 16.61 | 47.19 |
| Asset Turnover | — | 0.15 | 0.14 | 0.11 | 0.14 | 0.20 | 0.13 | 0.12 | — | 0.18 | 0.11 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
SWKH Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
SWK Holdings Corporation does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business.
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 | — | — | 8.6% | 9.0% | 7.5% | 13.0% | 3.5% | 19.5% | 6.2% | 2.7% | 26.9% |
| FCF Yield | 14.2% | 12.8% | 14.6% | 8.2% | 4.4% | 16.6% | 10.5% | 15.1% | 20.0% | 17.3% | 9.0% |
| Buyback Yield | 0.0% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 0.0% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $12M | $12M | $13M | $13M | $13M | $13M | $13M | $13M | $13M | $13M |
Peer Comparison
Compare SWKH 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 |
|---|---|---|---|---|---|---|---|---|---|
 SWKHYou | $192M | -75.7 | 8.9 | 7.0 | 95.3% | 58.9% | -1.0% | 6.1% | 1.3 |
 HRZN | $184M | 4.0 | — | 3.2 | 18.0% | -4.0% | -0.8% | -0.2% | — |
 TPVG | $193M | 3.9 | 8.5 | — | 83.5% | 77.9% | 14.1% | 7.2% | 6.2 |
 LMFA | $3M | -0.1 | — | — | -146.1% | -206.2% | -83.8% | -29.4% | — |
 PFLT | $719M | 10.1 | 35.2 | 7.6 | 45.6% | 39.4% | 6.8% | 2.1% | 26.3 |
 CSWC | $1B | 12.2 | 13.0 | — | 94.3% | 76.9% | 11.9% | 7.1% | 5.8 |
 FDUS | $681M | 7.7 | 10.4 | — | 72.6% | 76.1% | 11.8% | 7.2% | 5.4 |
 RCUS | $3B | -8.3 | — | — | 96.0% | -156.3% | -63.3% | -64.1% | — |
 RPRX | $23B | 29.8 | 20.0 | 9.2 | 100.0% | 65.6% | 7.7% | 6.7% | 5.7 |
 XOMA | $527M | 28.8 | 40.1 | 183.5 | 94.3% | 21.8% | 34.1% | 6.8% | 9.2 |
 SLRC | $669M | 7.2 | 11.0 | — | 73.3% | 72.9% | 9.3% | 5.8% | 7.0 |
| Financial Services Median | — | 13.6 | 11.4 | 11.1 | 64.1% | 20.3% | 9.0% | 5.5% | 4.3 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 28 years · Updated daily
Consensus-Based Analysis Tools
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Check Valuation
Historical Returns
10-year return with dividends reinvested.
Calculate
DCA Calculator
See how regular investing compounds over time.
Run Numbers
Peer Comparison
Compare growth, multiples, and margins vs sector.
Compare
SWKH — Frequently Asked Questions
Quick answers to the most common questions about buying SWKH stock.
What is SWK Holdings Corporation's P/E ratio?
SWK Holdings Corporation's current P/E ratio is -75.7x. The historical average is 11.8x.
What is SWK Holdings Corporation's EV/EBITDA?
SWK Holdings Corporation's current EV/EBITDA is 8.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.9x.
What is SWK Holdings Corporation's ROE?
SWK Holdings Corporation's return on equity (ROE) is -1.0%. The historical average is -44.5%.
Is SWKH stock overvalued?
Based on historical data, SWK Holdings Corporation is trading at a P/E of -75.7x. Compare with industry peers and growth rates for a complete picture.
What are SWK Holdings Corporation's profit margins?
SWK Holdings Corporation has 95.3% gross margin and 58.9% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does SWK Holdings Corporation have?
SWK Holdings Corporation's Debt/EBITDA ratio is 1.3x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.