Latest Ratios: P/E Ratio -1.7x · EV/EBITDA N/A · ROE -100.7%. (2020–2025 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 |
|---|---|---|---|---|---|---|---|
| Market Cap | $40M | $109M | $142M | — | — | — | — |
| Enterprise Value | $50M | $125M | $148M | — | — | — | — |
| P/E Ratio → | -1.67 | — | — | — | — | — | — |
| P/S Ratio | 4.34 | 8.47 | 72.16 | — | — | — | — |
| P/B Ratio | 1.11 | 1.61 | 6.49 | — | — | — | — |
| 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 |
|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 9.67 | 75.40 | — | — | — | — |
| 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 |
|---|---|---|---|---|---|---|---|
| Gross Margin | -37.0% | -37.0% | 88.7% | 91.8% | 81.3% | 59.3% | 100.0% |
| Operating Margin | -196.1% | -196.1% | -153.5% | 13.4% | 11.4% | -2.3% | -14.9% |
| Net Profit Margin | -350.2% | -350.2% | -228.2% | -13.2% | 0.5% | -9.5% | -21.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| ROE | -100.7% | -100.7% | -30.8% | -3.2% | 0.3% | -6.2% | -6.3% |
| ROA | -67.2% | -67.2% | -17.5% | -1.6% | 0.1% | -3.0% | -4.9% |
| ROIC | -34.0% | -34.0% | -10.3% | 1.3% | 2.7% | -0.7% | -2.8% |
| ROCE | -43.4% | -43.4% | -12.8% | 1.8% | 3.3% | -0.8% | -3.6% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.32 | 0.32 | 0.46 | 1.13 | 0.66 | 1.29 | 0.20 |
| Debt / EBITDA | — | — | — | 16.23 | 8.40 | 44.84 | — |
| Net Debt / Equity | — | 0.23 | 0.29 | 1.13 | 0.63 | 0.97 | 0.17 |
| Net Debt / EBITDA | — | — | — | 16.23 | 8.06 | 33.45 | — |
| Debt / FCF | — | — | — | — | — | 70.73 | — |
| Interest Coverage | -1.27 | -1.27 | -2.10 | 0.48 | 0.96 | -0.29 | -6.35 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 2.22 | 2.22 | 2.17 | 2.39 | 2.56 | 2.28 | 3.00 |
| Quick Ratio | 2.03 | 2.03 | 2.17 | 2.39 | 2.56 | 2.28 | 3.00 |
| Cash Ratio | 1.01 | 1.01 | 1.30 | 0.00 | 0.18 | 0.72 | 0.38 |
| Asset Turnover | — | 0.13 | 0.06 | 0.11 | 0.22 | 0.23 | 0.23 |
| Inventory Turnover | 6.22 | 6.22 | — | — | — | — | — |
| Days Sales Outstanding | — | 138.53 | 38.37 | 9.28 | 14.61 | 38.82 | 158.63 |
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 |
|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | — | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | — | — | — | — |
| Shares Outstanding | — | $34M | $18M | $17M | $17M | $17M | $17M |
Unsustainable cash burn rate
Based on reported figures, ZenaTech trades at a P/S multiple of 4.37, which appears disconnected from the company's negative gross margins and persistent net losses, suggesting that investors are pricing the firm as a high-growth software entity rather than a capital-intensive hardware manufacturer.
The current valuation implies an aggressive growth trajectory that may not be supported by the underlying unit economics. Investors should monitor whether this multiple compresses as the market reconciles the company's hardware-heavy cost structure with its stated software-as-a-service ambitions.
As reported in financial statements, ZenaTech's gross margin volatility, including a negative 57.2% in 2025Q4, indicates that the company's core business model is currently failing to cover the direct costs of production, rendering traditional net margin analysis largely irrelevant for assessing true earning power.
The extreme swings in profitability suggest that the company is either absorbing significant one-time implementation costs or struggling with inefficient manufacturing processes. Until gross margins stabilize in positive territory, the firm's path to operational sustainability remains highly speculative and warrants extreme caution.
According to recent SEC filings, ZenaTech's ROIC has remained consistently negative, reaching -18.9% in 2026Q1, which suggests that the company is currently destroying invested capital rather than compounding it through its aggressive expansion into drone hardware and integrated software stacks.
The persistent negative returns on capital indicate that the firm's heavy investment in R&D and infrastructure has yet to yield a competitive advantage that translates into pricing power. This trend suggests that management's current capital allocation strategy is failing to generate the necessary returns to justify the ongoing cash burn.
Based on ZenaTech's reported figures, the cash conversion cycle has shown extreme volatility, including a -356 day cycle in 2026Q1, which reflects significant challenges in managing inventory and receivables compared to the more stable operational cycles observed in mature software-infrastructure peers.
The erratic nature of the CCC suggests that the company's working capital management is highly dependent on lumpy, project-based revenue recognition rather than a predictable SaaS model. This inefficiency further exacerbates the firm's liquidity risks by tying up cash in inventory and uncollected receivables.
The most commonly misapplied ratio for ZenaTech is the P/S multiple, which obscures the company's hardware-heavy cost structure and negative gross margins, leading investors to incorrectly value the firm as a high-margin software business rather than a capital-intensive, loss-making hardware manufacturer.
Analysts should instead focus on gross margin per unit and customer acquisition cost payback periods to evaluate the viability of the business model. Relying on standard software valuation multiples ignores the structural reality that the company is currently losing money on every dollar of revenue generated.
Includes 30+ ratios · 6 years · Updated daily
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying ZENA stock.
ZenaTech, Inc.'s current P/E ratio is -1.7x. This places it at the 50th percentile of its historical range.
ZenaTech, Inc.'s return on equity (ROE) is -100.7%. The historical average is -24.5%.
Based on historical data, ZenaTech, Inc. is trading at a P/E of -1.7x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
ZenaTech, Inc. has -37.0% gross margin and -196.1% operating margin.