Workhorse Group Inc. (WKHS) Financial Ratios
18 years of historical data (2007–2024) · Consumer Cyclical · Auto - Manufacturers
EV/EBITDA
N/A
—
5yr avg: N/A
30Y Low2.4·High16.2
P/FCF
N/A
—
5yr avg: N/A
P/B Ratio
↓
0.14
↓-94% vs avg
5yr avg: 2.34
30Y Low0.4·High46.6
ROE
↓
-159.8%
↑-69% vs avg
5yr avg: -94.8%
30Y Low-160%·High39%
Debt/EBITDA
N/A
—
5yr avg: N/A
30Y Low0.0·High1.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
WKHS Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Workhorse Group Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $28M | $17M | $75M | $241M | $561M | $2.0B | $196M | $27M | $99M | $178M | $134M |
| Enterprise Value | $40M | $29M | $78M | $152M | $386M | $2.1B | $211M | $33M | $102M | $180M | $143M |
| P/E Ratio → | -0.06 | — | — | — | — | 28.33 | — | — | — | — | — |
| P/S Ratio | 4.23 | 2.60 | 5.70 | 47.99 | — | 1419.73 | 519.22 | 34.85 | 9.15 | 27.74 | 957.44 |
| P/B Ratio | 0.14 | 0.39 | 0.90 | 2.22 | 3.21 | 5.00 | — | — | 39.86 | 46.61 | — |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
WKHS EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 4.44 | 5.94 | 30.24 | — | 1529.10 | 559.45 | 43.76 | 9.40 | 28.00 | 1019.09 |
| EV / EBITDA | — | — | — | — | — | — | — | — | 2.39 | 9.03 | 16.15 |
| EV / EBIT | — | — | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — | — | — | — |
WKHS Profitability
Margins and return-on-capital ratios measuring operating efficiency
Workhorse Group Inc. earns an operating margin of -1116.7%, below the Consumer Cyclical sector average of 2.9%. Operating margins have expanded from -2569.8% to -1116.7% over the past 3 years, signaling improving operational efficiency. A negative ROE of -159.8% indicates the company is currently destroying shareholder equity.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | -335.9% | -335.9% | -192.9% | -650.0% | 14853.6% | -838.4% | -1452.2% | -1990.4% | -126.0% | -111.7% | 100.0% |
| Operating Margin | -1116.7% | -1116.7% | -804.1% | -2569.8% | 21729.1% | -2943.0% | -6338.1% | -4463.9% | 387.8% | 304.2% | 6044.4% |
| Net Profit Margin | -1538.5% | -1538.5% | -946.3% | -2334.7% | 47110.5% | 5010.8% | -9869.0% | -4783.0% | -389.4% | -304.9% | -6734.4% |
Return on Capital
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -159.8% | -159.8% | -129.3% | -82.8% | -140.8% | 38.7% | — | — | -1339.6% | -115581.8% | — |
| ROA | -86.4% | -86.4% | -76.4% | -57.1% | -93.3% | 20.4% | -119.0% | -261.4% | -320.5% | -157.2% | -96.2% |
| ROIC | -77.6% | -77.6% | -149.4% | -1033.2% | -50.8% | -11.6% | — | — | 584.8% | 282.5% | 172.3% |
| ROCE | -107.9% | -107.9% | -101.3% | -80.7% | -45.4% | -13.0% | -759.2% | -3680.7% | 565.8% | 1838.8% | — |
WKHS Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Net debt stands at $12M ($16M total debt minus $4M cash).
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.37 | 0.37 | 0.35 | 0.09 | 0.15 | 0.50 | — | — | 2.75 | 0.57 | — |
| Debt / EBITDA | — | — | — | — | — | — | — | — | 0.16 | 0.11 | 1.85 |
| Net Debt / Equity | — | 0.28 | 0.04 | -0.82 | -1.00 | 0.39 | — | — | 1.12 | 0.44 | — |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — | 0.07 | 0.09 | 0.98 |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | -3.32 | -3.32 | -12.06 | -387.98 | -27.47 | -3.27 | -3.62 | -13.99 | 233.09 | 443.09 | 8.76 |
WKHS Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.18x means Workhorse Group Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 0.26x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 2.20x to 1.18x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.18 | 1.18 | 1.76 | 2.20 | 7.85 | 16.51 | 0.85 | 0.34 | 1.44 | 0.90 | 0.59 |
| Quick Ratio | 0.26 | 0.26 | 0.91 | 2.06 | 7.48 | 15.63 | 0.80 | 0.20 | 0.85 | 0.33 | 0.59 |
| Cash Ratio | 0.09 | 0.09 | 0.49 | 1.57 | 7.32 | 2.66 | 0.64 | 0.08 | 0.57 | 0.11 | 0.42 |
| Asset Turnover | — | 0.07 | 0.09 | 0.03 | -0.00 | 0.00 | 0.01 | 0.06 | 0.67 | 0.63 | 0.01 |
| Inventory Turnover | 0.69 | 0.69 | 0.84 | 4.26 | 12.48 | 0.84 | 3.25 | 6.30 | 5.79 | 5.51 | — |
| Days Sales Outstanding | — | 59.69 | 124.60 | 1241.07 | -64.17 | 271.94 | 39.76 | 23.09 | 35.63 | 41.37 | — |
WKHS Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Workhorse Group Inc. returns 0.6% to shareholders annually primarily through share buybacks.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | 3.5% | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.6% | 1.0% | 0.0% | 0.0% | 0.8% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.6% | 1.0% | 0.0% | 0.0% | 0.8% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $2M | $829172 | $634305 | $514704 | $399799 | $257259 | $201511 | $155023 | $100805 | $69173 |
Peer Comparison
Compare WKHS 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 |
|---|---|---|---|---|---|---|---|---|---|
 WKHSYou | $28M | -0.1 | — | — | -335.9% | -1116.7% | -159.8% | -77.6% | — |
 RIVN | $18B | -4.8 | — | — | 2.7% | -66.5% | -65.4% | -36.7% | — |
 BLNK | $83M | -0.4 | — | — | 31.4% | -160.6% | -97.1% | -109.7% | — |
 UPS | $83B | 14.9 | 9.0 | 17.5 | 18.5% | 9.6% | 33.8% | 16.1% | 2.6 |
 FDX | $85B | 21.6 | 11.3 | 28.6 | 21.6% | 6.9% | 14.7% | 7.7% | 3.6 |
 AMZN | $2.9T | 38.1 | 20.6 | 382.3 | 50.3% | 11.2% | 22.3% | 14.7% | 1.0 |
 PLUG | $5B | — | — | — | 99.8% | 38.1% | -175.6% | 10.9% | — |
 CHPT | $137M | -0.7 | — | — | 30.5% | -51.1% | -277.4% | -83.8% | — |
 TSLA | $1.5T | 360.5 | 138.3 | 234.9 | 18.0% | 4.6% | 4.8% | 4.5% | 0.8 |
 GM | $69B | 23.3 | 10.2 | 6.2 | 10.9% | 1.6% | 4.2% | 1.3% | 7.4 |
 F | $46B | -5.7 | 22.3 | 3.7 | 12.2% | 1.4% | -20.2% | 1.0% | 19.7 |
| Consumer Cyclical Median | — | 19.3 | 11.3 | 14.6 | 37.9% | 2.9% | 5.8% | 5.8% | 4.3 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 18 years · Updated daily
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Quick answers to the most common questions about buying WKHS stock.
What is Workhorse Group Inc.'s P/E ratio?
Workhorse Group Inc.'s current P/E ratio is -0.1x. The historical average is 28.3x.
What is Workhorse Group Inc.'s ROE?
Workhorse Group Inc.'s return on equity (ROE) is -159.8%. The historical average is -102.1%.
Is WKHS stock overvalued?
Based on historical data, Workhorse Group Inc. is trading at a P/E of -0.1x. Compare with industry peers and growth rates for a complete picture.
What are Workhorse Group Inc.'s profit margins?
Workhorse Group Inc. has -335.9% gross margin and -1116.7% operating margin.