Latest Ratios: P/E Ratio -0.0x · EV/EBITDA N/A · ROE -52.7%. (2019–2025 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 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $257444 | $3M | $6M | $135M | $140M | $281M | — | — |
| Enterprise Value | $-632591 | $3M | $2M | $123M | $118M | $276M | — | — |
| P/E Ratio → | -0.03 | — | — | — | — | — | — | — |
| P/S Ratio | 0.02 | 0.23 | 0.38 | 4.04 | 4.36 | 17.79 | — | — |
| P/B Ratio | 0.02 | 0.25 | 0.29 | 4.22 | 4.23 | 16.81 | — | — |
| 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 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.17 | 0.11 | 3.68 | 3.69 | 17.49 | — | — |
| 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 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 8.5% | 8.5% | -5.2% | 9.8% | 33.3% | 39.8% | 43.2% | 39.1% |
| Operating Margin | -55.1% | -55.1% | -101.1% | -35.9% | -18.8% | -10.3% | 6.5% | -1.5% |
| Net Profit Margin | -58.1% | -58.1% | -76.8% | -21.5% | -16.1% | -6.4% | 10.6% | -3.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | -52.7% | -52.7% | -43.1% | -22.1% | -20.7% | -11.1% | 140.7% | -282.6% |
| ROA | -40.9% | -40.9% | -33.6% | -18.4% | -17.5% | -8.1% | 34.6% | -14.5% |
| ROIC | -44.0% | -44.0% | -62.1% | -57.5% | -38.8% | -17.1% | 32.1% | — |
| ROCE | -45.2% | -45.2% | -50.4% | -34.2% | -22.8% | -15.2% | 38.9% | -25.1% |
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 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.04 | 0.04 | 0.19 | 0.13 | 0.06 | 0.13 | 1.19 | 8.40 |
| Debt / EBITDA | — | — | — | — | — | — | 2.10 | — |
| Net Debt / Equity | — | -0.07 | -0.20 | -0.38 | -0.65 | -0.29 | 0.61 | 6.54 |
| Net Debt / EBITDA | — | — | — | — | — | — | 1.08 | — |
| Debt / FCF | — | — | — | — | — | — | 8.23 | — |
| Interest Coverage | -104.96 | -104.96 | -61.94 | -43.23 | -34.29 | -6.40 | 7.56 | -0.97 |
Net cash position: cash ($1M) exceeds total debt ($541543)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.18 | 2.18 | 2.78 | 6.32 | 7.88 | 6.07 | 1.27 | 0.58 |
| Quick Ratio | 1.07 | 1.07 | 2.11 | 5.16 | 6.83 | 5.23 | 0.62 | 0.14 |
| Cash Ratio | 0.64 | 0.64 | 2.00 | 4.97 | 6.59 | 4.63 | 0.62 | 0.13 |
| Asset Turnover | — | 0.91 | 0.56 | 0.84 | 0.84 | 0.77 | 2.46 | 4.62 |
| Inventory Turnover | 5.44 | 5.44 | 6.02 | 6.17 | 5.32 | 5.28 | 6.71 | 9.02 |
| Days Sales Outstanding | — | 13.08 | — | 0.88 | 0.16 | 6.76 | 0.20 | — |
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 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — |
| 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 | — | $53192 | $27114 | $257297 | $206079 | $189189 | $201351 | $201351 |
Imminent liquidity depletion risk
According to recent financial statements, VEEE's gross margin has struggled to maintain positive territory, frequently dipping into negative values such as the -57.6% recorded in 2024Q4, which underscores a fundamental inability to achieve the economies of scale necessary to offset high variable production costs.
The company's inability to sustain positive gross margins suggests that its value-tier catamaran strategy is currently failing to cover the cost of raw materials and outboard engines. Investors should monitor whether this margin volatility is a permanent structural feature of the business model or a temporary byproduct of the ongoing pivot toward electric propulsion.
Based on reported figures, VEEE's ROIC has remained consistently negative over the last ten quarters, reaching a low of -21.0% in 2024Q4, which indicates that the company is currently destroying shareholder value rather than compounding it through its manufacturing and R&D investments.
The persistent negative return on invested capital suggests that the capital allocated to both the legacy gas-powered business and the Forza X1 electric initiative is not generating sufficient returns to justify the investment. This trend warrants further investigation into whether the company can ever achieve a positive spread between its cost of capital and its operational returns.
As evidenced by quarterly data, working capital changes have swung from a $2.1 million inflow in 2023Q4 to a $950.4K outflow in 2025Q3, reflecting erratic inventory management and collection cycles that complicate the company's ability to maintain a predictable cash position.
The inconsistency in the cash conversion cycle suggests that the company lacks leverage over its supply chain and dealer network, leading to inefficient inventory turnover. This operational friction appears to be a significant drag on the company's ability to convert its sales narrative into actual cash flow.
Based on the company's latest quarterly data, cash reserves have plummeted from a peak of $16.5 million in 2023Q4 to just $1.4 million in 2025Q4, representing a precarious liquidity position that leaves the firm with minimal buffer against further operational shocks or sustained negative cash flow.
The rapid depletion of cash reserves suggests that the company may face an imminent need for external financing to sustain its current operations. Given the negative operating margins, the current liquidity position appears insufficient to support the ongoing R&D requirements of the electric boat segment without significant dilution.
Market participants often misapply revenue growth metrics to VEEE, which obscures the underlying reality that the company's primary challenge is not top-line expansion but rather the fundamental lack of profitability and the rapid depletion of its cash reserves.
Investors should prioritize cash burn and unit-level profitability over revenue growth, as the latter can be artificially inflated through channel stuffing or aggressive dealer incentives. Focusing on revenue growth in a business model with negative gross margins is misleading, as it ignores the fact that each additional unit sold may currently be contributing to further cash depletion.
Includes 30+ ratios · 7 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying VEEE stock.
Twin Vee Powercats Co.'s current P/E ratio is -0.0x. This places it at the 50th percentile of its historical range.
Twin Vee Powercats Co.'s return on equity (ROE) is -52.7%. The historical average is -41.6%.
Based on historical data, Twin Vee Powercats Co. is trading at a P/E of -0.0x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Twin Vee Powercats Co. has 8.5% gross margin and -55.1% operating margin.