Latest Ratios: P/E Ratio -15.3x · EV/EBITDA 5.5x · ROE -6.6%. (2009–2025 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 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $832M | $616M | $913M | $912M | $730M | $552M | $362M | $478M | $560M | $782M | $730M |
| Enterprise Value | $1.4B | $1.2B | $1.2B | $1.3B | $1.2B | $1.1B | $993M | $1.2B | $1.3B | $1.5B | $1.5B |
| P/E Ratio → | -15.33 | — | 9.55 | 15.79 | 7.25 | 12.67 | 108.75 | — | 21.38 | 6.38 | 51.55 |
| P/S Ratio | 0.44 | 0.34 | 0.47 | 0.44 | 0.37 | 0.38 | 0.27 | 0.30 | 0.39 | 0.59 | 0.60 |
| P/B Ratio | 1.34 | 0.98 | 1.28 | 1.41 | 1.17 | 1.03 | 0.72 | 0.92 | 0.82 | 1.19 | 1.14 |
| P/FCF | 5.96 | 14.55 | 9.52 | 6.52 | 5.47 | 4.10 | 4.31 | 6.66 | 6.55 | 10.72 | 4.70 |
| P/OCF | 7.62 | 5.64 | 5.41 | 3.66 | 3.49 | 2.37 | 2.29 | 2.63 | 3.01 | 5.26 | 3.33 |
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 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.66 | 0.63 | 0.61 | 0.59 | 0.76 | 0.75 | 0.73 | 0.86 | 1.15 | 1.19 |
| EV / EBITDA | 5.54 | 5.55 | 4.53 | 4.72 | 3.96 | 4.01 | 4.88 | — | 4.81 | 6.60 | 6.88 |
| EV / EBIT | 22.01 | — | 8.08 | 10.11 | 7.63 | 10.08 | 13.18 | — | 10.58 | 18.20 | 11.80 |
| EV / FCF | — | 28.66 | 12.79 | 9.05 | 8.79 | 8.21 | 11.84 | 16.26 | 14.65 | 20.92 | 9.33 |
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 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 7.1% | 7.1% | 17.2% | 16.4% | 18.6% | 23.2% | 21.4% | 20.2% | 22.5% | 23.3% | 25.9% |
| Operating Margin | 3.5% | 3.5% | 7.8% | 6.1% | 7.8% | 9.7% | 5.2% | -9.0% | 8.2% | 7.7% | 7.9% |
| Net Profit Margin | -2.4% | -2.4% | 5.0% | 2.8% | 5.1% | 3.0% | 0.3% | -9.5% | 1.8% | 9.2% | 1.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -6.6% | -6.6% | 14.1% | 9.1% | 17.4% | 8.4% | 0.7% | -25.4% | 3.9% | 18.8% | 2.3% |
| ROA | -2.6% | -2.6% | 5.8% | 3.5% | 6.2% | 2.7% | 0.2% | -8.0% | 1.3% | 5.9% | 0.7% |
| ROIC | 4.3% | 4.3% | 11.3% | 9.1% | 10.7% | 9.6% | 4.5% | -8.4% | 6.4% | 5.6% | 5.1% |
| ROCE | 4.3% | 4.3% | 10.5% | 8.7% | 10.7% | 9.8% | 4.6% | -8.4% | 6.3% | 5.4% | 4.8% |
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 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.09 | 1.09 | 0.71 | 0.76 | 0.85 | 1.15 | 1.36 | 1.52 | 1.23 | 1.31 | 1.33 |
| Debt / EBITDA | 3.14 | 3.14 | 1.86 | 1.84 | 1.80 | 2.24 | 3.34 | — | 3.22 | 3.74 | 4.05 |
| Net Debt / Equity | — | 0.95 | 0.44 | 0.55 | 0.71 | 1.03 | 1.26 | 1.33 | 1.01 | 1.13 | 1.13 |
| Net Debt / EBITDA | 2.73 | 2.73 | 1.16 | 1.32 | 1.49 | 2.01 | 3.10 | — | 2.66 | 3.22 | 3.42 |
| Debt / FCF | — | 14.11 | 3.27 | 2.52 | 3.31 | 4.11 | 7.53 | 9.59 | 8.10 | 10.20 | 4.63 |
| Interest Coverage | -1.26 | -1.26 | 6.49 | 4.58 | 4.80 | 2.58 | 1.34 | -2.37 | 1.93 | 1.35 | 2.24 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.11 | 2.11 | 2.31 | 1.86 | 1.67 | 1.49 | 1.45 | 1.58 | 1.96 | 1.74 | 1.84 |
| Quick Ratio | 1.11 | 1.11 | 1.43 | 1.05 | 0.89 | 0.80 | 0.65 | 0.83 | 1.31 | 1.12 | 1.30 |
| Cash Ratio | 0.40 | 0.40 | 0.92 | 0.63 | 0.40 | 0.35 | 0.30 | 0.50 | 0.85 | 0.67 | 0.78 |
| Asset Turnover | — | 1.03 | 1.16 | 1.24 | 1.19 | 0.90 | 0.83 | 0.91 | 0.71 | 0.65 | 0.58 |
| Inventory Turnover | 7.76 | 7.76 | 8.87 | 9.44 | 9.16 | 8.81 | 8.28 | 8.69 | 10.19 | 9.20 | 9.80 |
| Days Sales Outstanding | — | 26.94 | 18.22 | 15.87 | 19.39 | 19.45 | 14.18 | 14.07 | 19.14 | 20.09 | 25.60 |
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 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 4.9% | 6.7% | 4.1% | 3.4% | 3.2% | 3.6% | 5.5% | 1.1% | — | — | — |
| Payout Ratio | — | — | 39.2% | 53.4% | 23.4% | 46.3% | 537.8% | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 10.5% | 6.3% | 13.8% | 7.9% | 0.9% | — | 4.7% | 15.7% | 1.9% |
| FCF Yield | 16.8% | 6.9% | 10.5% | 15.3% | 18.3% | 24.4% | 23.2% | 15.0% | 15.3% | 9.3% | 21.3% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 1.9% | 7.6% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 4.9% | 6.7% | 4.1% | 3.4% | 3.2% | 3.6% | 7.4% | 8.7% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $86M | $85M | $85M | $85M | $84M | $83M | $77M | $66M | $65M | $64M |
Includes 30+ ratios · 17 years · Updated daily
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Quick answers to the most common questions about buying SXC stock.
SunCoke Energy, Inc.'s current P/E ratio is -15.3x. The historical average is 29.2x.
SunCoke Energy, Inc.'s current EV/EBITDA is 5.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 6.3x.
SunCoke Energy, Inc.'s return on equity (ROE) is -6.6%. The historical average is 6.0%.
Based on historical data, SunCoke Energy, Inc. is trading at a P/E of -15.3x. Compare with industry peers and growth rates for a complete picture.
SunCoke Energy, Inc.'s current dividend yield is 4.94%.
SunCoke Energy, Inc. has 7.1% gross margin and 3.5% operating margin.
SunCoke Energy, Inc.'s Debt/EBITDA ratio is 3.1x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.
Key Metrics
Top Statement Risk
Persistent net losses eroding equity
Metrics are mathematically derived from official filings.
Earnings Multiples Diverge From Cash Pricing
SunCoke trades at a trailing P/E of -18.85 against a forward P/E of 20.42, with EV/EBITDA of 6.50 and P/FCF of 19.66, based on the supplied valuation data, suggesting the market prices cash generation more than reported earnings. The gap between trailing and forward earnings warrants close scrutiny. Investors should monitor whether the forward estimate reflects a genuine recovery or an optimistic reset.
The negative trailing P/E reflects recent net losses and is uninformative on its own, while the forward P/E implies expected return to positive earnings. EV/EBITDA of 6.50 sits modestly above levels often associated with cyclical industrial processors, which may indicate the market is not assigning a steep coal-discount penalty. Relative to Warrior Met Coal at 18.71x and Alpha Metallurgical at 10.93x, SunCoke appears inexpensive on enterprise value, though peer comparability is limited by differing business models.
Operating Margin Masks Net Loss Drag
Operating margin of 8.4% in 2026Q3 contrasts with a net margin of 4.5% and recent net losses, based on reported quarterly figures, suggesting non-operating charges absorb a material share of operating earnings. The 2025Q4 net margin of -17.8% against a near-breakeven operating margin underlines this gap, so earning power is better judged on EBITDA-based measures than net income.
Gross margin compressed from roughly 17% in 2024 to between 7% and 8% recently, a decline that pass-through coal mechanics alone do not fully explain. The divergence between operating and net margin implies depreciation, interest, or impairment-type items are weighing on the bottom line. Adjusting for non-recurring charges would be necessary to determine whether the current operating margin is a sustainable baseline.
Returns Oscillating Near Cost of Capital
ROIC has moved between roughly -0.1% and 3.4% over ten quarters, with the latest reading at 2.5%, according to reported figures, indicating returns hover near the level where value creation becomes marginal. ROE of 3.5% in 2026Q3 follows a -12.7% trough in 2025Q4, and returns have not shown a sustained compounding trend.
The pattern suggests the capital base earns returns only modestly above the likely cost of capital, leaving little margin for error. Peak ROIC of 3.4% in 2024Q3 has not been regained on a sustained basis, which may indicate structural margin compression rather than cyclical noise. Returns appear driven primarily by margin movements rather than asset turnover, which has held steady near 0.26 to 0.30.
Coverage Volatile Despite Moderate Debt
Debt-to-EBITDA rose from 6.57 in 2024Q3 to 13.54 in 2026Q1 before easing to 7.31, while interest coverage swung between 0.51 and 8.28, based on the supplied ratio data. Debt-to-equity near 0.97 appears moderate, but earnings-based coverage shows considerable volatility, so refinancing exposure warrants monitoring.
The spike in debt-to-EBITDA during depressed earnings suggests the debt load is sensitive to operating performance rather than fixed by the balance sheet alone. Interest coverage dipping to 0.51 in 2026Q1 indicates earnings briefly failed to cover interest, a signal that debt service comfort is cyclical here. Investors should monitor whether the recovery to 4.78x coverage proves durable.
Current Ratio Strong, Cash Fluctuates
The current ratio held between 2.03 and 2.61 across ten quarters, with the latest at 2.03 and quick ratio at 1.26, based on reported figures, suggesting adequate near-term liquidity coverage. Cash balances have fluctuated materially, moving from roughly $193.7M to $57.6M, so liquidity appears comfortable on ratio terms but depends on working capital timing.
A quick ratio above 1.2 indicates liquidity does not rely heavily on inventory conversion, a meaningful strength for a coke producer. However, the decline in cash alongside steady current ratios suggests working capital components are shifting in ways that may warrant closer review. Under severe stress, the position would depend on whether receivables from take-or-pay customers remain collectible.
Ratio Misapplication Risk in Coke Economics
The ratio most commonly misapplied to SunCoke is reported net margin, which at 4.5% in 2026Q3 and -17.8% in 2025Q4 is distorted by pass-through coal costs and heavy depreciation, based on the supplied figures. Using it as a proxy for earning power may understate the business's operating and cash-generating capacity.
Because metallurgical coal is largely passed through under take-or-pay contracts, reported revenue and gross margin fluctuate with input prices without reflecting value added per ton. Net margin further absorbs large depreciation on a capital-intensive coke plant base, so a near-zero or negative reading may not reflect cash economics. Analysts may find Adjusted EBITDA per ton or coke margin more informative, though these adjusted measures are not provided in the supplied data and should be validated against reported filings before use.