TeraWulf Inc. (WULF) Financial Ratios
25 years of historical data (2000–2024) · Financial Services · Financial - Capital Markets
EV/EBITDA
N/A
—
5yr avg: N/A
30Y Low6.2·High42.0
P/FCF
N/A
—
5yr avg: N/A
30Y Low9.7·High60.9
P/B Ratio
↑
34.52
↑+680% vs avg
5yr avg: 4.43
30Y Low0.6·High10.4
ROE
↓
-31.0%
↓+44% vs avg
5yr avg: -55.6%
30Y Low-126%·High13%
Debt/EBITDA
N/A
—
5yr avg: N/A
30Y Low2.9·High7.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
WULF Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
TeraWulf 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 | $10.5B | $2.0B | $504M | $74M | $1.3B | $20M | $11M | $17M | $15M | $23M | $23M |
| Enterprise Value | $10.8B | $2.2B | $574M | $202M | $1.3B | $109M | $12M | $18M | $17M | $25M | $20M |
| P/E Ratio → | -114.38 | — | — | — | — | — | — | 119.91 | — | — | 167.26 |
| P/S Ratio | 75.33 | 14.20 | 7.28 | 4.93 | — | 1.47 | 0.60 | 0.92 | 0.88 | 1.29 | 1.29 |
| P/B Ratio | 34.52 | 8.13 | 2.26 | 0.63 | 10.41 | 0.70 | 0.86 | 1.28 | 1.17 | 1.69 | 1.67 |
| P/FCF | — | — | — | — | — | — | — | 26.47 | — | — | — |
| P/OCF | — | — | 118.20 | — | — | — | — | 13.65 | 73.76 | 24.77 | 15.41 |
P/E links to full P/E history page with 30-year chart
WULF 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 | — | 15.75 | 8.29 | 13.45 | — | 8.12 | 0.71 | 0.99 | 1.00 | 1.42 | 1.16 |
| EV / EBITDA | — | — | — | — | — | — | — | 17.68 | 42.01 | 32.19 | 21.38 |
| EV / EBIT | — | — | — | — | — | — | — | 65.38 | — | — | 90.39 |
| EV / FCF | — | — | — | — | — | — | — | 28.57 | — | — | — |
WULF Profitability
Margins and return-on-capital ratios measuring operating efficiency
TeraWulf Inc. earns an operating margin of -54.4%, below the Financial Services sector average of 21.6%. Operating margins have expanded from -291.0% to -54.4% over the past 3 years, signaling improving operational efficiency. A negative ROE of -31.0% 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 | 55.3% | 55.3% | 60.5% | 26.3% | — | 29.1% | 30.6% | 34.3% | 33.2% | 35.5% | 35.0% |
| Operating Margin | -54.4% | -54.4% | -42.5% | -291.0% | — | -10.6% | -4.9% | 1.2% | -2.7% | -0.1% | 1.5% |
| Net Profit Margin | -51.7% | -51.7% | -106.1% | -603.9% | — | -3.3% | -4.6% | 0.8% | -1.3% | -0.4% | 0.8% |
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 | -31.0% | -31.0% | -43.2% | -75.4% | -126.4% | -2.2% | -6.4% | 1.1% | -1.7% | -0.5% | 1.0% |
| ROA | -12.4% | -12.4% | -21.1% | -31.2% | -64.9% | -1.9% | -4.7% | 0.8% | -1.3% | -0.4% | 1.7% |
| ROIC | -10.6% | -10.6% | -7.4% | -14.1% | -19.0% | -1.5% | -4.2% | 1.1% | -2.1% | -0.1% | 1.5% |
| ROCE | -15.9% | -15.9% | -14.2% | -21.3% | -35.1% | -6.6% | -5.6% | 1.4% | -2.8% | -0.1% | 3.9% |
WULF Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Net debt stands at $217M ($491M total debt minus $274M 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 | 2.01 | 2.01 | 0.56 | 1.10 | 0.78 | 3.39 | 0.23 | 0.23 | 0.24 | 0.24 | — |
| Debt / EBITDA | — | — | — | — | — | — | — | 2.89 | 7.50 | 4.15 | — |
| Net Debt / Equity | — | 0.89 | 0.31 | 1.09 | 0.40 | 3.16 | 0.15 | 0.10 | 0.17 | 0.16 | -0.17 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | 1.30 | 5.23 | 2.79 | -2.36 |
| Debt / FCF | — | — | — | — | — | — | — | 2.10 | — | — | — |
| Interest Coverage | -3.85 | -3.85 | -0.85 | -1.77 | -19.25 | -0.58 | -9.59 | — | — | — | — |
WULF Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
TeraWulf Inc.'s current ratio of 5.43x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 0.11x to 5.43x 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 | 5.43 | 5.43 | 0.40 | 0.11 | 1.48 | 3.63 | 4.49 | 6.87 | 9.44 | 6.89 | 5.92 |
| Quick Ratio | 5.43 | 5.43 | 0.40 | 0.11 | 1.48 | 3.63 | 4.49 | 6.87 | 9.44 | 6.89 | 5.92 |
| Cash Ratio | 5.29 | 5.29 | 0.35 | 0.01 | 1.01 | 3.62 | 0.50 | 1.25 | 1.06 | 0.80 | 1.98 |
| Asset Turnover | — | 0.18 | 0.18 | 0.05 | — | 0.45 | 1.04 | 1.05 | 1.02 | 0.96 | 1.17 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
WULF Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
TeraWulf Inc. returns 1.1% 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 | — | — | — | — | — | — | — | 0.8% | — | — | 0.6% |
| FCF Yield | — | — | — | — | — | — | — | 3.8% | — | — | — |
| Buyback Yield | 1.1% | 5.9% | 0.0% | 0.0% | 0.0% | 0.0% | 0.5% | 0.0% | 2.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 1.1% | 5.9% | 0.0% | 0.0% | 0.0% | 0.0% | 0.5% | 0.0% | 2.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $351M | $210M | $111M | $85M | $2M | $2M | $2M | $2M | $2M | $2M |
Peer Comparison
Compare WULF 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 |
|---|---|---|---|---|---|---|---|---|---|
 WULFYou | $11B | -114.4 | — | — | 55.3% | -54.4% | -31.0% | -10.6% | — |
 MARA | $5B | -3.4 | — | — | -47.7% | -90.6% | -34.5% | -9.0% | — |
 RIOT | $9B | -12.4 | — | — | -15.6% | -61.8% | -22.1% | -8.7% | — |
 CLSK | $4B | 12.5 | 6.5 | — | 41.6% | 41.6% | 18.5% | 10.3% | 1.2 |
 CIFR | $8B | -9.6 | — | — | 28.4% | -150.7% | -108.3% | -11.7% | — |
 IREN | $19B | 145.8 | 97.1 | — | 68.3% | 3.5% | 6.0% | 0.7% | 4.9 |
 HUT | $11B | -47.3 | — | — | -614.6% | -2104.6% | -16.9% | -13.8% | — |
 BTBT | $589M | 9.2 | 8.5 | — | 61.9% | 16.8% | 9.2% | 6.5% | 0.2 |
 CORZ | $7B | -25.4 | — | — | 11.9% | -45.4% | — | — | — |
 BITF | $1B | -16.6 | 37.6 | — | -16.8% | -55.8% | -12.0% | -17.1% | 0.7 |
 MIGI | $6M | -0.1 | — | 3.5 | 34.2% | -52.6% | -339.9% | -62.9% | — |
| Financial Services Median | — | 13.1 | 11.5 | 10.6 | 63.6% | 21.6% | 9.4% | 5.7% | 4.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonWULF — Frequently Asked Questions
Quick answers to the most common questions about buying WULF stock.
What is TeraWulf Inc.'s P/E ratio?
TeraWulf Inc.'s current P/E ratio is -114.4x. The historical average is 44.7x.
What is TeraWulf Inc.'s ROE?
TeraWulf Inc.'s return on equity (ROE) is -31.0%. The historical average is -10.3%.
Is WULF stock overvalued?
Based on historical data, TeraWulf Inc. is trading at a P/E of -114.4x. Compare with industry peers and growth rates for a complete picture.
What are TeraWulf Inc.'s profit margins?
TeraWulf Inc. has 55.3% gross margin and -54.4% operating margin.