30 years of historical data (1996–2025) · Technology · Semiconductors
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Wolfspeed, 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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.9B | $19M | $955M | $2.1B | $2.9B | $3.7B | $2.1B | $1.9B | $1.6B | $834M | $812M |
| Enterprise Value | $8.0B | $6.1B | $6.1B | $4.5B | $3.4B | $4.2B | $2.5B | $1.9B | $1.8B | $846M | $806M |
| P/E Ratio → | -1.26 | — | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 2.56 | 0.02 | 1.18 | 2.71 | 5.01 | 7.04 | 4.42 | 1.80 | 1.71 | 0.57 | 0.50 |
| P/B Ratio | — | — | 1.08 | 1.27 | 1.17 | 1.75 | 1.00 | 0.95 | 0.76 | 0.38 | 0.34 |
| P/FCF | — | — | — | — | — | — | — | 32.45 | — | 6.47 | 9.75 |
| P/OCF | — | — | — | — | — | — | — | 9.61 | 9.13 | 3.86 | 4.00 |
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 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 8.05 | 7.53 | 5.91 | 6.02 | 7.95 | 5.21 | 1.77 | 1.90 | 0.57 | 0.50 |
| EV / EBITDA | — | — | — | — | — | — | — | 13.87 | 15.48 | 6.94 | 4.77 |
| EV / EBIT | — | — | — | — | — | — | — | 123.36 | 924.98 | — | 82.41 |
| EV / FCF | — | — | — | — | — | — | — | 31.92 | — | 6.56 | 9.68 |
Margins and return-on-capital ratios measuring operating efficiency
Wolfspeed, Inc. earns an operating margin of -175.4%. Operating margins have compressed from -41.1% to -175.4% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -739.9% indicates the company is currently destroying shareholder equity.
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 | -16.1% | -16.1% | 9.6% | 32.0% | 36.4% | 28.6% | 30.6% | 34.8% | 32.5% | 29.8% | 29.6% |
| Operating Margin | -175.4% | -175.4% | -55.2% | -41.1% | -35.5% | -40.4% | -40.7% | 1.4% | 0.2% | -1.9% | 0.6% |
| Net Profit Margin | -212.4% | -212.4% | -107.1% | -43.5% | -35.1% | -99.7% | -40.7% | -28.6% | -30.3% | -6.7% | -1.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -739.9% | -739.9% | -69.0% | -16.2% | -8.8% | -24.9% | -9.3% | -15.0% | -13.0% | -4.3% | -0.9% |
| ROA | -21.7% | -21.7% | -11.9% | -6.3% | -5.5% | -15.7% | -6.3% | -11.3% | -10.6% | -3.6% | -0.8% |
| ROIC | -17.1% | -17.1% | -6.6% | -6.6% | -5.4% | -6.3% | -6.4% | 0.5% | 0.1% | -0.9% | 0.3% |
| ROCE | -37.5% | -37.5% | -6.7% | -6.6% | -6.2% | -7.1% | -7.0% | 0.6% | 0.1% | -1.2% | 0.4% |
Solvency and debt-coverage ratios — lower is generally safer
Net debt stands at $6.1B ($6.5B total debt minus $467M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | 7.00 | 2.58 | 0.42 | 0.41 | 0.39 | 0.23 | 0.14 | 0.07 | 0.07 |
| Debt / EBITDA | — | — | — | — | — | — | — | 3.40 | 2.57 | 1.19 | 0.95 |
| Net Debt / Equity | — | — | 5.81 | 1.50 | 0.24 | 0.23 | 0.18 | -0.02 | 0.08 | 0.01 | -0.00 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | -0.23 | 1.53 | 0.10 | -0.04 |
| Debt / FCF | — | — | — | — | — | — | — | -0.52 | — | 0.10 | -0.07 |
| Interest Coverage | -4.14 | -4.14 | -1.32 | -5.10 | -8.64 | -4.67 | -5.50 | 1.29 | — | — | — |
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.36x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 5.74x to 0.36x 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 | 0.36 | 0.36 | 4.51 | 5.74 | 4.54 | 3.29 | 5.47 | 5.27 | 3.58 | 5.19 | 5.19 |
| Quick Ratio | 0.29 | 0.29 | 3.82 | 5.28 | 3.94 | 2.92 | 5.05 | 4.57 | 2.97 | 3.85 | 3.83 |
| Cash Ratio | 0.15 | 0.15 | 3.27 | 4.71 | 3.09 | 2.57 | 4.26 | 3.92 | 1.56 | 2.88 | 2.71 |
| Asset Turnover | — | 0.11 | 0.10 | 0.12 | 0.15 | 0.15 | 0.15 | 0.38 | 0.35 | 0.56 | 0.58 |
| Inventory Turnover | 1.95 | 1.95 | 1.58 | 1.79 | 1.58 | 2.25 | 2.68 | 3.76 | 4.12 | 3.64 | 3.75 |
| Days Sales Outstanding | — | 426.43 | 130.54 | 127.67 | 188.21 | 71.04 | 61.26 | 43.63 | 35.00 | 38.76 | 38.81 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Wolfspeed, Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business.
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 | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | 3.1% | — | 15.5% | 10.3% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 12.5% | 18.4% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 12.5% | 18.4% |
| Shares Outstanding | — | $47M | $42M | $42M | $40M | $38M | $36M | $35M | $33M | $33M | $34M |
Compare WOLF 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 |
|---|---|---|---|---|---|---|---|---|---|
| $2B | -1.3 | — | — | -16.1% | -175.4% | -739.9% | -17.1% | — | |
| $41B | 364.7 | 29.8 | 29.2 | 32.3% | 12.5% | 1.5% | 6.1% | 2.4 | |
| $52B | 321.9 | 126.6 | — | 33.9% | 2.7% | 0.9% | 1.3% | 5.3 | |
| $3B | -744.1 | — | — | 40.6% | -7.3% | -3.2% | -3.0% | — | |
| $81B | 129.6 | 102.7 | 121.8 | 55.2% | 26.1% | 18.4% | 22.2% | 0.0 | |
| $10B | 21.1 | 10.2 | 8.8 | 41.2% | 12.2% | 7.9% | 6.3% | 1.2 | |
| $8B | 24.6 | 20.8 | 12.1 | 45.9% | 11.2% | 10.1% | 8.1% | 3.8 | |
| $13B | 107.4 | 212.7 | 106.0 | 52.6% | 9.0% | 18.5% | 8.9% | 0.2 | |
| $1.5T | 369.0 | 141.6 | 240.4 | 18.0% | 4.6% | 4.8% | 4.5% | 0.8 | |
| $71B | 24.1 | 10.3 | 6.4 | 10.9% | 1.6% | 4.2% | 1.3% | 7.4 | |
| $48B | -5.9 | 22.5 | 3.8 | 12.2% | 1.4% | -20.2% | 1.0% | 19.7 | |
| Technology Median | — | 27.4 | 17.4 | 19.8 | 48.6% | -0.5% | 2.4% | 2.9% | 2.9 |
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Wolfspeed, Inc.'s current P/E ratio is -1.3x. The historical average is 30.3x.
Wolfspeed, Inc.'s return on equity (ROE) is -739.9%. The historical average is -1.8%.
Based on historical data, Wolfspeed, Inc. is trading at a P/E of -1.3x. Compare with industry peers and growth rates for a complete picture.
Wolfspeed, Inc. has -16.1% gross margin and -175.4% operating margin.