Latest Ratios: P/E Ratio -19.1x · EV/EBITDA 6.6x · 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 | $844M | $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 → | -19.13 | — | 9.55 | 15.79 | 7.25 | 12.67 | 108.75 | — | 21.38 | 6.38 | 51.55 |
| P/S Ratio | 0.46 | 0.34 | 0.47 | 0.44 | 0.37 | 0.38 | 0.27 | 0.30 | 0.39 | 0.59 | 0.60 |
| P/B Ratio | 1.36 | 0.98 | 1.28 | 1.41 | 1.17 | 1.03 | 0.72 | 0.92 | 0.82 | 1.19 | 1.14 |
| P/FCF | 19.96 | 14.55 | 9.52 | 6.52 | 5.47 | 4.10 | 4.31 | 6.66 | 6.55 | 10.72 | 4.70 |
| P/OCF | 7.74 | 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 | 6.55 | 5.51 | 4.53 | 4.72 | 3.96 | 4.01 | 4.88 | — | 4.80 | 6.57 | 6.84 |
| EV / EBIT | 22.20 | — | 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 | 3.12 | 3.12 | 1.86 | 1.84 | 1.80 | 2.24 | 3.34 | — | 3.21 | 3.72 | 4.03 |
| 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 | 2.71 | 2.71 | 1.16 | 1.32 | 1.49 | 2.01 | 3.10 | — | 2.65 | 3.20 | 3.40 |
| 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 | 5.0% | 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 -19.1x. The historical average is 29.2x.
SunCoke Energy, Inc.'s current EV/EBITDA is 6.6x. 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 -19.1x. Compare with industry peers and growth rates for a complete picture.
SunCoke Energy, Inc.'s current dividend yield is 4.87%.
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
Leverage rising amid margin compression
Metrics are mathematically derived from official filings.
Valuation Discount Reflects Margin Trajectory
SunCoke's forward P/E of 34.46 and EV/EBITDA of 6.07 suggest the market is pricing in a significant earnings recovery that, based on recent margin performance, appears uncertain.
The current forward EV/EBITDA of 6.07 trades at a substantial discount to the peer Alpha Metallurgical's 17.26, indicating the market views SXC's future cash flows as riskier. However, the forward P/E expansion from a negative trailing figure implies a sharp earnings rebound that may not be achievable given the severe gross margin compression to 12.7% in 2026Q2. This valuation disconnect warrants investigation into whether the assumed earnings recovery is structurally achievable.
Margin Compression Undermines Earning Power
SXC's operating margin has halved from 7.1% in 2024Q1 to 6.1% in 2026Q2, indicating that even as revenue recovers, the company's core ability to convert sales into profit has fundamentally deteriorated.
The most telling metric is the persistent gap between gross and operating margins, which has narrowed as overhead costs appear less flexible. This suggests the company's cost structure has not adapted to the lower-margin environment, severely limiting earnings leverage on any revenue growth. The 2025Q4 trough, with a net margin of -17.8%, confirms the business model is vulnerable to severe operational stress.
Capital Returns Erode Toward Cost of Capital
SunCoke's ROIC has declined from 3.4% in 2024Q3 to just 1.8% in 2026Q2, suggesting the company is barely generating returns on the capital invested in its operations.
The falling ROIC trend is a direct consequence of margin compression, as the efficiency of capital utilization (Asset TO) has remained relatively stable around 0.27-0.30. This implies the problem is not asset inefficiency but a fundamental decline in profitability per unit of capital. For a capital-intensive industrial, ROIC below the cost of capital over a sustained period signals potential value destruction.
Leverage Climbing as Profitability Weakens
Based on balance sheet data, SunCoke's debt-to-equity ratio has risen to 1.07 as of 2026Q2, while interest coverage has fallen to 3.41x, indicating a less comfortable debt service position.
The increase in leverage coincides with a period of margin stress, which is an unfavorable dynamic for credit quality. While interest coverage of 3.41x remains adequate, the trend from 8.28x in 2024Q3 is deteriorating rapidly. This trajectory suggests that further margin weakness could quickly elevate refinancing risk, especially given the substantial debt load of $656.4 million.
The Dividend Yield Distraction
The 4.9% dividend yield is the most commonly misapplied metric for SXC, as it may mask the severe underlying profitability challenges and the need for cash to service rising debt.
Investors often screen for yield, but SXC's dividend is not well-covered by current earnings, with a net margin of just 2.8% in 2026Q2. The company generated negative free cash flow in the most recent quarter, raising questions about the sustainability of the payout without further balance sheet strain. A more appropriate focus is on operating cash flow coverage of both capital expenditures and the dividend, a metric that has been volatile and inconsistent.