Latest Ratios: P/E Ratio -270.5x · EV/EBITDA N/A · ROE -3.9%. (2020–2025 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 |
|---|---|---|---|---|---|---|---|
| Market Cap | $5.0B | $5.7B | $2.3B | $2.2B | $622M | $498M | — |
| Enterprise Value | $3.8B | $4.5B | $1.6B | $1.9B | $269M | $341M | — |
| P/E Ratio → | -270.50 | — | — | — | — | — | — |
| P/S Ratio | 2.22 | 2.52 | 1.31 | 1.83 | 1.05 | 1.98 | — |
| P/B Ratio | 9.73 | 11.73 | 5.98 | — | 9.02 | — | — |
| P/FCF | 6.34 | 7.19 | — | 10.27 | — | 5.11 | — |
| P/OCF | 5.76 | 6.54 | — | 9.32 | — | 4.55 | — |
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 |
|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.98 | 0.90 | 1.61 | 0.45 | 1.36 | — |
| EV / EBITDA | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — |
| EV / FCF | — | 5.65 | — | 9.03 | — | 3.51 | — |
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 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 18.8% | 18.8% | 15.6% | 17.8% | 16.8% | 4.1% | -20.6% |
| Operating Margin | -4.1% | -4.1% | -6.5% | -19.0% | -23.7% | -48.6% | -119.9% |
| Net Profit Margin | -0.8% | -0.8% | -0.8% | -2.0% | -13.3% | -48.6% | -118.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| ROE | -3.9% | -3.9% | -7.0% | -72.1% | -114.6% | — | — |
| ROA | -0.9% | -0.9% | -1.0% | -2.8% | -17.3% | -48.4% | -48.7% |
| ROIC | — | — | — | — | — | — | — |
| ROCE | -14.9% | -14.9% | -39.8% | -334.3% | -541.3% | -1114.8% | -140.8% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.07 | 0.07 | — | — | — | — | — |
| Debt / EBITDA | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -2.51 | -1.86 | — | -5.13 | — | — |
| Net Debt / EBITDA | — | — | — | — | — | — | — |
| Debt / FCF | — | -1.54 | — | -1.24 | — | -1.61 | — |
| Interest Coverage | — | — | — | — | — | — | — |
Net cash position: cash ($1.2B) exceeds total debt ($32M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 1.09 | 1.09 | 1.33 | 0.97 | 1.16 | 0.77 | 1.44 |
| Quick Ratio | 1.00 | 1.00 | 1.23 | 0.83 | 0.98 | 0.67 | 1.33 |
| Cash Ratio | 0.72 | 0.72 | 0.72 | 0.53 | 0.68 | 0.46 | 0.40 |
| Asset Turnover | — | 0.94 | 1.13 | 1.12 | 0.94 | 0.90 | 0.41 |
| Inventory Turnover | 11.10 | 11.10 | 14.22 | 7.11 | 5.37 | 7.19 | 6.75 |
| Days Sales Outstanding | — | 59.84 | 85.69 | 59.04 | 64.74 | 91.82 | 9.87 |
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 |
|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.0% | 0.0% | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — |
| FCF Yield | 15.8% | 13.9% | — | 9.7% | — | 19.6% | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Shares Outstanding | — | $109M | $96M | $64M | $54M | $51M | $51M |
Includes 30+ ratios · 6 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 SYM stock.
Symbotic Inc.'s current P/E ratio is -270.5x. This places it at the 50th percentile of its historical range.
Symbotic Inc.'s return on equity (ROE) is -3.9%. The historical average is -49.4%.
Based on historical data, Symbotic Inc. is trading at a P/E of -270.5x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Symbotic Inc.'s current dividend yield is 0.03%.
Symbotic Inc. has 18.8% gross margin and -4.1% operating margin.
Key Metrics
Top Statement Risk
SBC dilution and cash burn
Metrics are mathematically derived from official filings.
Margin Expansion Signals Turning Point
Gross margin expanded from 16.6% in 2025Q1 to 22.3% in 2026Q3, a 570 bps improvement, while operating margin turned positive at 4.6%, per the latest quarterly data.
The sequential improvement in gross margin from 20.6% in 2025Q4 to 22.3% in 2026Q3 suggests that Symbotic is gaining pricing power or benefiting from scale as revenue accelerates. Operating margin swung from -16.5% in 2024Q2 to +4.6% in 2026Q3, indicating that the fixed cost base is being leveraged more effectively. However, net margin remains thin at 1.6%, and with stock-based compensation of $142.9M in 2026Q3 far exceeding net income of $11.7M, reported profitability may overstate true economic earnings.
Working Capital Swings Drive Cash Flow
Cash conversion cycle lengthened from 36 days in 2025Q4 to 68 days in 2026Q3, driven by DSO rising to 84 days, while FCF margin surged to 33.7%, per the quarterly data.
The sharp increase in DSO from 55 days in 2025Q4 to 84 days in 2026Q3 may indicate that Symbotic is extending payment terms to customers to drive sales, which could pressure future cash collections. The cash conversion cycle expansion from 36 to 68 days suggests that working capital is absorbing more cash, yet operating cash flow of $305.6M in 2026Q3 was boosted by a $159.6M working capital benefit, implying that cash generation is not purely from core operations. Investors should monitor whether DSO normalizes or if this reflects a structural shift in customer payment behavior.
Cash Buffer Strengthens Amid Volatility
Current ratio improved to 1.33 in 2026Q3 from 1.09 in 2025Q4, with cash growing to $1.7B, though quick ratio of 1.23 indicates limited reliance on inventory, per the balance sheet data.
Symbotic's liquidity position appears comfortable, with a current ratio above 1 and a quick ratio of 1.23, suggesting that even if inventory became illiquid, the company could cover near-term obligations. The cash balance of $1.7B provides a substantial buffer against operational volatility, especially given the lumpy working capital swings observed in recent quarters. However, the negative retained earnings of -$1.3B and reliance on external funding for growth warrant caution, as the company may need to raise additional capital if cash burn resumes.
Minimal Debt, But Off-Balance Sheet Risks
Debt-to-equity stood at 0.03 in 2026Q2, with total debt eliminated by 2026Q3, and interest coverage not reported, indicating negligible leverage, per the balance sheet data.
Symbotic's balance sheet shows minimal debt, with D/E of 0.03 in 2026Q2 and zero total debt in 2026Q3, which provides significant financial flexibility. The absence of interest coverage data suggests that interest expense is immaterial, but the company's negative retained earnings and reliance on equity funding imply that leverage could increase if growth requires additional capital. The $1.7B cash position and $1.7B deferred revenue indicate that the company has substantial prepayments from customers, which may reduce the need for debt financing.
Valuation Premium Reflects Growth Expectations
SYM trades at 2.06x sales and 9.02x book, versus SSYS at 0.86x book and GTLS at 2.82x book, implying the market prices in superior growth, per the peer data.
Symbotic's price-to-sales of 2.06x is higher than Stratasys's negative earnings multiple and Chart Industries' 636x P/E, but its forward EV/EBITDA of 3.52x appears low, suggesting that the market expects significant EBITDA growth. The P/B of 9.02x is elevated relative to peers, reflecting the market's confidence in Symbotic's asset-light model and future profitability. However, the negative P/E of -250.69x and the fact that net income is barely positive indicate that current earnings do not justify the valuation, making it dependent on continued margin expansion and revenue acceleration.
Misapplied Metric: P/E on SBC-Distorted Earnings
The P/E ratio is misleading for SYM because stock-based compensation of $142.9M in 2026Q3 exceeds net income, making reported earnings unreliable, per the cash flow data.
The most commonly misapplied ratio for Symbotic is the price-to-earnings multiple, as the company's reported net income is heavily distorted by stock-based compensation. In 2026Q3, SBC of $142.9M was more than 12 times net income of $11.7M, meaning that on a cash-adjusted basis, the company is still loss-making. Investors should instead focus on EV/Sales or EV/EBITDA, but even EBITDA may be overstated due to SBC add-backs. A more appropriate metric would be price-to-operating cash flow, which in 2026Q3 was 5.88x, but this too is volatile due to working capital swings. Therefore, a normalized earnings measure that excludes SBC and adjusts for working capital volatility would provide a clearer picture of valuation.