Archer Aviation Inc. (ACHR) Key Metrics
ACHR valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $3.13B
- Enterprise value
- $2.96B
- P/E (TTM)
- —
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 454.2
- Price / book
- 2.2 10-yr median 2.1
- EV / EBITDA
- —
- Dividend yield
- —
- Beta
- 3.27
ACHR key metrics, 2019–2025
Fiscal year ended December 31, 2025 · U.S. dollarsACHR valuation Price multiples at each fiscal year-end price.
ACHR returns How much profit the business earns on the capital it uses.
ACHR per-share figures Results divided by the shares outstanding at year-end.
ACHR financial health Debt, liquidity and how easily interest is covered.
ACHR efficiency & capital use Working capital cycle and where the cash goes.
ACHR valuation history
ACHR returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
ACHR debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
ACHR cash returned to shareholders
ACHR price vs earnings per share
ACHR key metrics
2019–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Valuation | |||||||
| Market capitalization | $4.69B | $3.67B | $1.66B | $449.7M | $1.44B | — | — |
| Enterprise value | $2.85B | $2.92B | $1.22B | −$59.3M | $712.1M | — | — |
| Price / sales | — | — | — | 41.6 | — | — | — |
| Price / book | 2.1 | 4.9 | 4.5 | 0.9 | 2.1 | — | — |
| EV / sales | — | — | — | -5.5 | — | — | — |
| Earnings yield | −13.2% | −14.6% | −27.6% | −70.6% | −24.2% | — | — |
| Free cash flow yield | −10.9% | −12.3% | −19.0% | −46.1% | −7.8% | — | — |
| Shareholder yield (dividends + buybacks) | — | — | 0.2% | — | — | — | — |
| Share price at fiscal year-end | $7.52 | $9.75 | $6.14 | $1.87 | $6.04 | $10.06 | — |
| Per share | |||||||
| Revenue per share | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | — | — |
| Earnings per share | −$0.99 | −$1.42 | −$1.69 | −$1.32 | −$1.46 | — | — |
| Operating cash flow per share | −$0.69 | −$0.98 | −$1.00 | −$0.83 | −$0.46 | — | — |
| Free cash flow per share | −$0.82 | −$1.20 | −$1.17 | −$0.86 | −$0.47 | — | — |
| Cash per share | $3.15 | $2.22 | $1.72 | $2.21 | $3.14 | — | — |
| Book value per share | $3.53 | $2.00 | $1.36 | $2.05 | $2.94 | — | — |
| Tangible book value per share | $3.40 | $2.00 | $1.36 | $2.05 | $2.94 | — | — |
| Capex per share | $0.13 | $0.22 | $0.16 | $0.03 | $0.01 | — | — |
| Debt per share | $0.20 | $0.21 | $0.09 | $0.09 | $0.10 | — | — |
| Shares outstanding | 624.3M | 376.7M | 270.4M | 240.5M | 237.7M | — | — |
| Change in shares outstanding | +65.7% | +39.3% | +12.4% | +1.2% | — | — | — |
| Returns & profitability | |||||||
| Return on equity (ROE) | −41.8% | −95.9% | −106.4% | −53.2% | −94.7% | −121.4% | −19.0% |
| Return on invested capital (ROIC) | −322.7% | — | — | — | — | — | — |
| Return on assets (ROA) | −35.7% | −69.0% | −81.2% | −47.3% | −85.9% | −95.4% | −9.3% |
| Return on tangible assets | −25.9% | −53.6% | −82.7% | −55.3% | −45.3% | −60.8% | −9.3% |
| Financial health | |||||||
| Total debt | $121.9M | $79.0M | $23.2M | $22.2M | $23.1M | $3.2M | $5.0M |
| Cash & short-term investments | $1.96B | $834.5M | $464.6M | $531.2M | $746.9M | $36.6M | $10.1M |
| Net debt | −$1.84B | −$755.5M | −$441.4M | −$509.0M | −$723.8M | −$33.4M | −$5.2M |
| Debt / equity | 0.06 | 0.10 | 0.06 | 0.05 | 0.03 | 0.09 | 1.00 |
| Debt / assets | 0.05 | 0.08 | 0.04 | 0.04 | 0.03 | 0.08 | 0.49 |
| Current ratio | 19.89 | 12.07 | 4.21 | 10.23 | 26.67 | 9.84 | 66.42 |
| Quick ratio | 19.89 | 12.07 | 4.21 | 10.23 | 26.67 | 9.84 | 66.42 |
| Interest coverage | — | — | -27.1 | -146.3 | -358.3 | -123.0 | — |
| Working capital | $1.97B | $787.3M | $366.2M | $492.2M | $726.5M | $33.6M | $10.0M |
| Invested capital | $360.0M | −$2.9M | −$74.3M | −$15.7M | −$24.9M | $2.5M | −$183,000 |
| Tangible asset value | $2.12B | $752.3M | $366.7M | $492.9M | $698.4M | $34.9M | $5.0M |
| Net current asset value | $1.81B | $609.8M | $293.0M | $465.0M | $685.3M | $31.5M | $5.0M |
| Graham net-net per share | $2.73 | $1.56 | $1.03 | $1.87 | $2.85 | — | — |
| Capital allocation | |||||||
| Share buybacks (net) | — | — | $3.5M | — | — | — | — |
| Capex / revenue | 26,266.7% | — | — | 63.9% | — | — | — |
| Capex / depreciation | 3.94 | 7.01 | 6.82 | 1.57 | 2.69 | 9.50 | 0.02 |
| Stock-based compensation / revenue | 74,500.0% | — | — | 951.9% | — | — | — |
| R&D / revenue | 164,633.3% | — | — | 1,566.7% | — | — | — |
| SG&A / revenue | 78,466.7% | — | — | 1,528.7% | — | — | — |
| Efficiency | |||||||
| Days payables outstanding | 27,253.3 | 450.8 | 563.2 | 165.9 | 330.9 | 3,915.8 | — |
| Payables turnover | 0.01 | 0.81 | 0.65 | 2.20 | 1.10 | 0.09 | — |
| Asset turnover | 0.00 | 0.00 | 0.00 | 0.02 | 0.00 | 0.00 | 0.00 |
| Average payables | $22.4M | $14.4M | $8.9M | $3.5M | $2.8M | $1.1M | $110,000 |
| Intangibles / total assets | 3.3% | 0.0% | 0.1% | 0.1% | 0.1% | 2.4% | 0.0% |
Computed from ACHR's annual financial statements (latest annual report filed March 2, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
ACHR valuation and financial ratios
Archer Aviation earned a return on equity of −41.8% and a return on invested capital of −322.7% in fiscal 2025. It ended the year with $121.9 million of debt and $2.0 billion in cash and short-term investments, a net cash position of $1.8 billion.
See the ACHR income statement, the ACHR chart for price history, or the ACHR stock overview for the latest quote and news.
ACHR key metrics FAQ
What is Archer Aviation's return on equity?
Archer Aviation's return on equity (ROE) was −41.8% in fiscal 2025: net income of -$618.2 million on average shareholders' equity of $1.5 billion.
What is Archer Aviation's ROIC?
Archer Aviation's return on invested capital was −322.7% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Archer Aviation have?
Archer Aviation had total debt of $121.9 million at the end of fiscal 2025, a debt-to-equity ratio of 0.06 and more cash than debt.
What is Archer Aviation's free cash flow yield?
Archer Aviation generated -$511.7 million of free cash flow in fiscal 2025, a free cash flow yield of −10.9% on its market value at year-end ($4.7 billion).
What is Archer Aviation's current ratio?
Archer Aviation's current ratio was 19.89 at the end of fiscal 2025: current assets were 19.89 times current liabilities.