Latest Ratios: P/E Ratio -18.0x · EV/EBITDA N/A · ROE -20.2%. (2021–2025 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 |
|---|---|---|---|---|---|---|
| Market Cap | $595M | $331M | $140M | — | — | — |
| Enterprise Value | $494M | $231M | $137M | — | — | — |
| P/E Ratio → | -17.96 | — | — | — | — | — |
| P/S Ratio | 14.19 | 29.60 | 25.70 | — | — | — |
| P/B Ratio | 1.77 | 1.89 | 9.45 | — | — | — |
| P/FCF | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — |
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 |
|---|---|---|---|---|---|---|
| EV / Revenue | — | 20.61 | 25.07 | — | — | — |
| EV / EBITDA | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — |
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 |
|---|---|---|---|---|---|---|
| Gross Margin | 33.6% | 33.6% | 28.4% | — | — | 100.0% |
| Operating Margin | -224.6% | -224.6% | -311.9% | — | — | -3244.7% |
| Net Profit Margin | -171.4% | -171.4% | -587.0% | — | — | -3244.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| ROE | -20.2% | -20.2% | -394.0% | -103.3% | -33.0% | -4.1% |
| ROA | -19.3% | -19.3% | -362.7% | -98.1% | -32.4% | -4.1% |
| ROIC | -19.6% | -19.6% | -153.9% | -77.5% | -24.8% | — |
| ROCE | -25.8% | -25.8% | -204.9% | -103.3% | -33.6% | — |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Debt / Equity | 0.02 | 0.02 | 0.02 | — | — | — |
| Debt / EBITDA | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.58 | -0.23 | -0.63 | -0.97 | -0.97 |
| Net Debt / EBITDA | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — |
| Interest Coverage | -48462.54 | -48462.54 | -272.50 | — | — | — |
Net cash position: cash ($103M) exceeds total debt ($3M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Current Ratio | 61.32 | 61.32 | 6.53 | 8.87 | 23.79 | — |
| Quick Ratio | 61.32 | 61.32 | 6.53 | 8.87 | 23.79 | — |
| Cash Ratio | 39.70 | 39.70 | 4.02 | 7.81 | 23.49 | — |
| Asset Turnover | — | 0.06 | 0.34 | — | — | 0.00 |
| Inventory Turnover | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — |
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 |
|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | — | — | — |
| Shares Outstanding | — | $26M | $8M | $3M | $7M | $7M |
Includes 30+ ratios · 5 years · Updated daily
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High-probability breakout stocks crossing their pivot across 5 pattern engines.
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying UMAC stock.
Unusual Machines, Inc.'s current P/E ratio is -18.0x. This places it at the 50th percentile of its historical range.
Unusual Machines, Inc.'s return on equity (ROE) is -20.2%. The historical average is -110.9%.
Based on historical data, Unusual Machines, Inc. is trading at a P/E of -18.0x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Unusual Machines, Inc. has 33.6% gross margin and -224.6% operating margin.
Key Metrics
Top Statement Risk
Dependence on non-interest income
Metrics are mathematically derived from official filings.
Premium Priced, Negative Earnings
UMAC trades at 3.86x book value despite negative earnings, implying the market prices a speculative growth option rather than current profitability, according to recent financial data.
With a P/B of 3.86 and a P/E of -35.11, the market assigns a substantial premium to tangible book value, which stood at $7,611 per share in 2026Q2. This valuation appears to reflect expectations of future asset growth and fee income expansion, not near-term earnings power. Investors should monitor whether the company can translate its asset base into sustainable returns, as the current negative ROE suggests the premium may be unjustified.
ROE Swings Mask Core Weakness
ROE swung from -159.3% in 2024Q4 to 4.1% in 2026Q1, but cumulative losses of -$48.6M over ten quarters indicate persistent unprofitability, as per quarterly filings.
The DuPont decomposition reveals that profitability is driven almost entirely by non-interest income, which accounted for 89.1% of revenue in 2026Q2, while net interest margin remains negligible at 0.0%. The extreme volatility in ROE, from -159.3% to 4.1%, suggests earnings are not derived from a stable banking franchise but from volatile fee-based activities. This implies that the quality of earnings is low, and investors should not extrapolate any single quarter's profitability as a trend.
NIM Negligible, Efficiency Distorted
Net interest margin collapsed to 0.0% in 2026Q2 from 6.3% in 2025Q3, while the efficiency ratio swung from 2.3% to 184.3%, reflecting revenue volatility, as reported in financial statements.
The near-zero NIM indicates that UMAC's asset base, primarily cash and securities, generates minimal interest income, undermining the traditional bank profitability model. The efficiency ratio's extreme swings are not indicative of cost control but rather of erratic revenue recognition, with fee income dominating. This suggests that operating leverage is not a meaningful driver, and the company's cost structure is not aligned with a stable interest income stream.
Thin Equity Buffer Despite High Ratio
Equity/assets ratio stands at 0.98, but cumulative net losses of -$48.6M over ten quarters indicate capital erosion, according to cash flow analysis.
While the equity-to-assets ratio appears robust, it is inflated by the absence of deposits and the massive asset growth funded by equity. The cumulative losses suggest that the capital base is being depleted, and the high ratio may not provide a meaningful buffer against future losses. Investors should monitor whether the company can generate positive retained earnings to support its asset expansion without diluting shareholders.
Provisions Without Loans Puzzle
Loan loss provisions of $10.9M in 2026Q2 exceeded net interest income of $1.8M despite no loan activity, raising questions about asset quality, as per quarterly data.
The absence of a loan book yet the presence of significant provisions suggests that credit losses may be associated with other assets, such as securities or receivables. This warrants further investigation into the composition of the asset base and the adequacy of reserves. The provision expense outpacing NII indicates that credit costs are a material drag on earnings, and investors should assess whether these provisions are sufficient to cover potential losses.
P/E Misleading for Loss-Making Bank
The P/E ratio is not meaningful for UMAC given negative earnings; P/B and tangible book value are more relevant, as reported in financial statements.
Commonly, investors apply P/E to banks, but for UMAC, the negative earnings make P/E meaningless. The P/B of 3.86 and tangible book value per share of $7,611 provide a more stable valuation reference. However, given the company's reliance on non-interest income and lack of a deposit franchise, even P/B may overstate value if the asset base is not generating sustainable returns. Investors should focus on the sustainability of fee income and the quality of the asset base rather than traditional bank valuation metrics.