Trupanion, Inc. (TRUP) Financial Ratios
14 years of historical data (2012–2025) · Financial Services · Insurance - Specialty
EV/EBITDA
↓
26.33
↓-84% vs avg
5yr avg: 165.06
30Y Low42.3·High42.3
P/FCF
↓
13.57
↓-99% vs avg
5yr avg: 1201.89
30Y Low21.6·High144.5
P/B Ratio
↓
2.67
↓-64% vs avg
5yr avg: 7.40
30Y Low3.3·High17.9
ROE
↑
5.5%
↓+175% vs avg
5yr avg: -7.4%
30Y Low-161%·High5%
Debt/EBITDA
↓
2.95
↓-73% vs avg
5yr avg: 10.75
30Y Low3.0·High18.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
TRUP Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Trupanion, Inc. trades at 52.3x earnings, 37% below its 5-year average of 83.0x, sitting at the 0th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.6x, the stock trades at a premium of 285%. On a free-cash-flow basis, the stock trades at 13.6x P/FCF, 99% below the 5-year average of 1201.9x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.0B | $1.6B | $2.0B | $1.3B | $1.9B | $5.3B | $4.3B | $1.3B | $814M | $866M | $443M |
| Enterprise Value | $996M | $1.6B | $2.0B | $1.2B | $1.9B | $5.2B | $4.2B | $1.3B | $800M | $850M | $424M |
| P/E Ratio → | 52.31 | 83.04 | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 0.71 | 1.13 | 1.58 | 1.14 | 2.14 | 7.58 | 8.55 | 3.38 | 2.68 | 3.57 | 2.35 |
| P/B Ratio | 2.67 | 4.24 | 6.29 | 4.16 | 6.35 | 15.95 | 12.63 | 9.49 | 6.30 | 17.88 | 9.90 |
| P/FCF | 13.57 | 21.60 | 52.68 | 3531.39 | — | — | 304.60 | 120.35 | — | 132.52 | 144.45 |
| P/OCF | 11.42 | 18.19 | 42.08 | 67.83 | — | 710.56 | 199.25 | 80.33 | 64.17 | 89.60 | 88.44 |
P/E links to full P/E history page with 30-year chart
TRUP EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Trupanion, Inc.'s enterprise value stands at 26.3x EBITDA, 84% below its 5-year average of 165.1x. The Financial Services sector median is 11.4x, placing the stock at a 131% premium 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 | — | 1.11 | 1.56 | 1.12 | 2.14 | 7.46 | 8.27 | 3.37 | 2.63 | 3.50 | 2.25 |
| EV / EBITDA | 26.33 | 42.33 | 287.78 | — | — | — | 1936.93 | 348.80 | 230.76 | 534.38 | — |
| EV / EBIT | 45.29 | 44.79 | 411.66 | — | — | — | — | — | 3030.46 | — | — |
| EV / FCF | — | 21.25 | 51.87 | 3479.52 | — | — | 294.67 | 120.06 | — | 130.02 | 138.30 |
TRUP Profitability
Margins and return-on-capital ratios measuring operating efficiency
Trupanion, Inc. earns an operating margin of 1.5%, below the Financial Services sector average of 20.3%. Operating margins have expanded from -3.7% to 1.5% over the past 3 years, signaling improving operational efficiency. ROE of 5.5% is modest, trailing the sector median of 9.0%. ROIC of 5.1% 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 | 28.5% | 28.5% | 13.9% | 11.8% | 13.5% | 14.9% | 16.3% | 16.9% | 16.9% | 17.7% | 17.7% |
| Operating Margin | 1.5% | 1.5% | -0.7% | -3.7% | -4.8% | -5.0% | -1.0% | -0.5% | -0.3% | -1.1% | -3.6% |
| Net Profit Margin | 1.4% | 1.4% | -0.7% | -4.0% | -4.9% | -5.1% | -1.2% | -0.5% | -0.3% | -0.6% | -3.7% |
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 | 5.5% | 5.5% | -3.1% | -14.7% | -14.0% | -10.6% | -2.5% | -1.4% | -1.0% | -3.2% | -15.3% |
| ROA | 2.3% | 2.3% | -1.2% | -6.1% | -7.2% | -6.7% | -1.5% | -0.8% | -0.6% | -1.6% | -9.0% |
| ROIC | 5.1% | 5.1% | -2.5% | -10.3% | -11.6% | -11.9% | -2.2% | -1.2% | -1.1% | -6.8% | -18.9% |
| ROCE | 4.6% | 4.6% | -2.1% | -9.9% | -11.9% | -10.3% | -1.9% | -1.2% | -1.0% | -4.7% | -13.5% |
TRUP Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Trupanion, Inc. carries a Debt/EBITDA ratio of 3.0x, which is moderately leveraged (31% below the sector average of 4.3x). The company holds a net cash position — cash of $138M exceeds total debt of $112M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of just 2.6x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.29 | 0.29 | 0.40 | 0.42 | 0.23 | — | — | 0.19 | 0.10 | 0.19 | 0.11 |
| Debt / EBITDA | 2.95 | 2.95 | 18.54 | — | — | — | — | 7.03 | 3.71 | 5.86 | — |
| Net Debt / Equity | — | -0.07 | -0.10 | -0.06 | 0.01 | -0.26 | -0.41 | -0.02 | -0.11 | -0.34 | -0.42 |
| Net Debt / EBITDA | -0.69 | -0.69 | -4.52 | — | — | — | -65.24 | -0.83 | -3.95 | -10.30 | — |
| Debt / FCF | — | -0.35 | -0.81 | -51.87 | — | — | -9.93 | -0.29 | — | -2.51 | -6.16 |
| Interest Coverage | 2.60 | 2.60 | 0.34 | -2.73 | -9.36 | -3521.00 | -3.15 | -0.22 | 0.22 | -2.62 | -30.46 |
Net cash position: cash ($138M) exceeds total debt ($112M)
TRUP Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.07x means Trupanion, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 1.63x to 1.07x 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 | 1.07 | 1.07 | 1.71 | 1.63 | 1.62 | 1.75 | 2.24 | 1.73 | 1.87 | 1.89 | 2.13 |
| Quick Ratio | 1.07 | 1.07 | 1.71 | 1.63 | 1.62 | 1.75 | 2.24 | 1.73 | 1.87 | 1.89 | 2.13 |
| Cash Ratio | 0.90 | 0.90 | 0.88 | 0.80 | 0.77 | 0.95 | 1.53 | 1.08 | 1.28 | 1.38 | 1.74 |
| Asset Turnover | — | 1.57 | 1.59 | 1.42 | 1.35 | 1.24 | 1.01 | 1.49 | 1.46 | 2.29 | 2.29 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
TRUP Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Trupanion, Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 1.9% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
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 | 1.9% | 1.2% | — | — | — | — | — | — | — | — | — |
| FCF Yield | 7.4% | 4.6% | 1.9% | 0.0% | — | — | 0.3% | 0.8% | — | 0.8% | 0.7% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.3% | 0.1% | 0.0% | 0.1% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.3% | 0.1% | 0.0% | 0.1% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $44M | $42M | $41M | $41M | $40M | $36M | $35M | $32M | $30M | $29M |
Peer Comparison
Compare TRUP 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 |
|---|---|---|---|---|---|---|---|---|---|
 TRUPYou | $1B | 52.3 | 26.3 | 13.6 | 28.5% | 1.5% | 5.5% | 5.1% | 3.0 |
 LMND | $5B | -25.6 | — | — | 40.3% | -21.8% | -29.4% | -36.8% | — |
 HIFS | $628M | 11.5 | 28.4 | 17.7 | 43.6% | 30.7% | 12.0% | 2.8% | 20.0 |
 WOOF | $748M | 82.6 | 10.6 | 4.0 | 38.7% | 2.0% | 0.8% | 2.4% | 9.0 |
 PETS | $37M | -0.6 | — | — | 28.1% | -17.5% | -100.4% | -119.4% | — |
 PGR | $120B | 14.2 | 11.5 | 8.1 | 27.7% | 14.2% | 37.0% | 27.0% | 0.6 |
 HIG | $35B | 9.6 | 7.7 | 6.1 | 46.1% | 16.8% | 21.7% | 16.3% | 0.8 |
 KNSL | $7B | 14.3 | 11.3 | 7.2 | 52.5% | 33.8% | 29.3% | 26.6% | 0.4 |
 ROOT | $729M | 23.2 | 4.6 | 3.8 | 25.5% | 2.7% | 11.3% | — | 3.8 |
 HIPO | $676M | 11.7 | 7.6 | 74.3 | 50.9% | 13.5% | 14.4% | 22.8% | 0.8 |
 METC | $760M | -13.6 | 24.3 | — | 2.5% | -10.4% | -12.2% | -17.0% | 1.3 |
| 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 →
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Includes 30+ ratios · 14 years · Updated daily
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TRUP — Frequently Asked Questions
Quick answers to the most common questions about buying TRUP stock.
What is Trupanion, Inc.'s P/E ratio?
Trupanion, Inc.'s current P/E ratio is 52.3x. The historical average is 83.0x.
What is Trupanion, Inc.'s EV/EBITDA?
Trupanion, Inc.'s current EV/EBITDA is 26.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 42.3x.
What is Trupanion, Inc.'s ROE?
Trupanion, Inc.'s return on equity (ROE) is 5.5%. The historical average is -21.2%.
Is TRUP stock overvalued?
Based on historical data, Trupanion, Inc. is trading at a P/E of 52.3x. Compare with industry peers and growth rates for a complete picture.
What are Trupanion, Inc.'s profit margins?
Trupanion, Inc. has 28.5% gross margin and 1.5% operating margin.
How much debt does Trupanion, Inc. have?
Trupanion, Inc.'s Debt/EBITDA ratio is 3.0x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.