Unity Software Inc. (U) Financial Ratios
8 years of historical data (2018–2025) · Technology · Software - Application
EV/EBITDA
321.22
↓-35% vs avg
5yr avg: 493.11
P/FCF
↓
29.70
↓-46% vs avg
5yr avg: 55.21
30Y Low32.6·High87.0
P/B Ratio
↓
3.31
↓-48% vs avg
5yr avg: 6.34
30Y Low2.4·High16.9
ROE
↑
-11.6%
↓+46% vs avg
5yr avg: -21.6%
30Y Low-46%·High-12%
Debt/EBITDA
62.17
+0% vs avg
5yr avg: 62.17
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
U Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Unity Software Inc. 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 29.7x P/FCF, 46% below the 5-year average of 55.2x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $12.0B | $18.6B | $8.9B | $15.6B | $8.9B | $40.4B | $26.1B | — | — |
| Enterprise Value | $12.3B | $18.9B | $9.7B | $16.7B | $10.1B | $41.1B | $24.9B | — | — |
| P/E Ratio → | -28.63 | — | — | — | — | — | — | — | — |
| P/S Ratio | 6.49 | 10.05 | 4.91 | 7.11 | 6.38 | 36.34 | 33.77 | — | — |
| P/B Ratio | 3.31 | 5.33 | 2.60 | 4.56 | 2.36 | 16.85 | 12.81 | — | — |
| P/FCF | 29.70 | 46.03 | 32.57 | 87.02 | — | — | — | — | — |
| P/OCF | 28.36 | 43.96 | 28.20 | 66.28 | — | — | 1309.99 | — | — |
P/E links to full P/E history page with 30-year chart
U EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Unity Software Inc.'s enterprise value stands at 321.2x EBITDA, 35% below its 5-year average of 493.1x. The Technology sector median is 16.7x, placing the stock at a 1828% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 10.23 | 5.37 | 7.63 | 7.26 | 37.02 | 32.28 | — | — |
| EV / EBITDA | 321.22 | 493.11 | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | 46.84 | 35.63 | 93.29 | — | — | — | — | — |
U Profitability
Margins and return-on-capital ratios measuring operating efficiency
Unity Software Inc. earns an operating margin of -22.8%. Operating margins have expanded from -38.1% to -22.8% over the past 3 years, signaling improving operational efficiency. A negative ROE of -11.6% indicates the company is currently destroying shareholder equity.
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 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 74.2% | 74.2% | 73.5% | 66.5% | 68.2% | 77.2% | 77.7% | 78.1% | 78.7% |
| Operating Margin | -22.8% | -22.8% | -41.6% | -38.1% | -63.4% | -47.9% | -35.6% | -27.8% | -34.2% |
| Net Profit Margin | -21.8% | -21.8% | -36.6% | -37.6% | -66.1% | -48.0% | -36.5% | -30.1% | -34.6% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | -11.6% | -11.6% | -19.4% | -22.9% | -29.9% | -24.0% | -23.2% | -46.0% | -41.6% |
| ROA | -5.9% | -5.9% | -9.5% | -10.9% | -14.5% | -14.2% | -16.4% | -24.1% | -22.3% |
| ROIC | -7.8% | -7.8% | -12.9% | -13.1% | -16.3% | -19.7% | -35.8% | -70.3% | -170.3% |
| ROCE | -7.6% | -7.6% | -12.4% | -12.6% | -16.0% | -16.7% | -21.2% | -39.6% | -38.8% |
U Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Unity Software Inc. carries a Debt/EBITDA ratio of 62.2x, which is highly leveraged (2013% above the sector average of 2.9x). Net debt stands at $330M ($2.4B total debt minus $2.1B cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.68 | 0.68 | 0.69 | 0.79 | 0.72 | 0.76 | 0.06 | — | — |
| Debt / EBITDA | 62.17 | 62.17 | — | — | — | — | — | — | — |
| Net Debt / Equity | — | 0.09 | 0.24 | 0.33 | 0.33 | 0.32 | -0.56 | -0.33 | -0.82 |
| Net Debt / EBITDA | 8.60 | 8.60 | — | — | — | — | — | — | — |
| Debt / FCF | — | 0.82 | 3.06 | 6.27 | — | — | — | — | — |
| Interest Coverage | -17.60 | -17.60 | -27.34 | -31.46 | -118.18 | -468.70 | -50.84 | -58.56 | -56.00 |
U Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.84x means Unity Software Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 2.60x to 1.84x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.84 | 1.84 | 2.50 | 2.60 | 2.34 | 3.44 | 4.13 | 1.09 | 1.73 |
| Quick Ratio | 1.84 | 1.84 | 2.50 | 2.60 | 2.34 | 3.44 | 4.13 | 1.09 | 1.73 |
| Cash Ratio | 1.35 | 1.35 | 1.71 | 1.78 | 1.57 | 2.77 | 3.48 | 0.39 | 1.02 |
| Asset Turnover | — | 0.27 | 0.27 | 0.30 | 0.18 | 0.23 | 0.29 | 0.71 | 0.65 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 127.01 | 115.52 | 102.08 | 166.30 | 111.91 | 129.59 | 138.04 | 146.17 |
U Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Unity Software Inc. 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 |
|---|---|---|---|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — |
| FCF Yield | 3.4% | 2.2% | 3.1% | 1.1% | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 1.6% | 16.9% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 1.6% | 16.9% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $421M | $396M | $380M | $311M | $282M | $170M | $228M | $228M |
Peer Comparison
Compare U 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 |
|---|---|---|---|---|---|---|---|---|---|
 UYou | $12B | -28.6 | 321.2 | 29.7 | 74.2% | -22.8% | -11.6% | -7.8% | 62.2 |
 EPAM | $4B | 11.4 | 4.4 | 6.5 | 26.5% | 9.6% | 10.3% | 15.5% | 0.2 |
 ADSK | $41B | 37.1 | 20.8 | 17.0 | 91.0% | 24.9% | 39.7% | 37.8% | 1.4 |
 TTWO | $44B | -147.7 | 37.6 | 96.3 | 54.2% | -1.3% | -10.6% | -1.3% | 2.4 |
 EA | $51B | 57.6 | 40.1 | 21.8 | 79.0% | 15.4% | 13.5% | 14.7% | 1.2 |
 RBLX | $37B | -33.5 | — | 27.3 | 78.1% | -25.2% | -365.0% | -87.7% | — |
 MSFT | $2.8T | 27.8 | 17.8 | 39.4 | 68.8% | 45.6% | 33.3% | 24.9% | 0.7 |
 NVDA | $5.1T | 43.0 | 38.3 | 52.8 | 71.1% | 60.4% | 101.5% | 81.8% | 0.1 |
 SNAP | $8B | -17.2 | — | 18.0 | 55.0% | -9.0% | -19.5% | -6.9% | — |
 PLTK | $1B | -6.3 | 13.9 | 2.5 | 72.5% | 0.0% | — | 0.1% | 11.2 |
 AAPL | $4.4T | 39.9 | 30.8 | 44.3 | 46.9% | 32.0% | 171.4% | 67.4% | 0.8 |
| Technology Median | — | 29.0 | 16.7 | 19.2 | 48.8% | 0.2% | 1.6% | 2.7% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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U — Frequently Asked Questions
Quick answers to the most common questions about buying U stock.
What is Unity Software Inc.'s P/E ratio?
Unity Software Inc.'s current P/E ratio is -28.6x. This places it at the 50th percentile of its historical range.
What is Unity Software Inc.'s EV/EBITDA?
Unity Software Inc.'s current EV/EBITDA is 321.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA.
What is Unity Software Inc.'s ROE?
Unity Software Inc.'s return on equity (ROE) is -11.6%. The historical average is -27.3%.
Is U stock overvalued?
Based on historical data, Unity Software Inc. is trading at a P/E of -28.6x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Unity Software Inc.'s profit margins?
Unity Software Inc. has 74.2% gross margin and -22.8% operating margin.
How much debt does Unity Software Inc. have?
Unity Software Inc.'s Debt/EBITDA ratio is 62.2x, indicating high leverage. A ratio above 4x may signal elevated financial risk.