New York Mortgage Trust, Inc. (ADAM) Key Metrics
ADAM valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $686.7M
- Enterprise value
- $12.33B
- P/E (TTM)
- 4.5 10-yr median 8.6
- Forward P/E
- 6.9
- PEG ratio
- 2.50
- Price / sales
- 1.8 10-yr median 2.0
- Price / book
- 0.8 10-yr median 0.6
- EV / EBITDA
- — 10-yr median 30.0
- Dividend yield
- 15.71% $1.20 a year
- Beta
- 1.30
ADAM key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsADAM valuation Price multiples at each fiscal year-end price.
ADAM returns How much profit the business earns on the capital it uses.
ADAM per-share figures Results divided by the shares outstanding at year-end.
ADAM financial health Debt, liquidity and how easily interest is covered.
ADAM efficiency & capital use Working capital cycle and where the cash goes.
ADAM valuation history
ADAM returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
ADAM debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
ADAM cash returned to shareholders
ADAM price vs earnings per share
ADAM key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $668.0M | $550.3M | $776.6M | $965.9M | $1.42B | $1.37B | $1.51B | $868.5M | $804.2M | $723.3M |
| Enterprise value | $11.46B | $109.6M | $1.38B | $3.27B | $3.45B | $3.28B | $22.50B | $14.22B | $11.69B | $8.47B |
| P/E ratio | 4.5 | — | — | — | 7.3 | — | 8.7 | 8.4 | 8.7 | 10.7 |
| Price / sales | 0.8 | 1.0 | 1.6 | 7.0 | 3.7 | 9.3 | 2.0 | 1.9 | 1.9 | 2.1 |
| Price / book | 0.5 | 0.4 | 0.5 | 0.5 | 0.6 | 0.6 | 0.7 | 0.7 | 0.8 | 0.9 |
| Price / free cash flow | 5.3 | 119.6 | 25.9 | 10.5 | 10.2 | 12.3 | 43.1 | 35.9 | 27.4 | 13.4 |
| Price / operating cash flow | 5.0 | 39.1 | 25.9 | 10.5 | 10.2 | 12.3 | 43.1 | 35.9 | 27.4 | 13.4 |
| EV / sales | 14.2 | 0.2 | 2.8 | 23.7 | 9.1 | 22.2 | 29.9 | 30.4 | 27.9 | 24.2 |
| EV / EBITDA | 64.6 | — | — | — | 14.2 | — | 30.4 | 29.6 | 31.2 | 27.5 |
| EV / free cash flow | 91.0 | 23.8 | 46.1 | 35.6 | 24.8 | 29.6 | 641.0 | 588.0 | 398.4 | 157.3 |
| Earnings yield | 22.3% | −11.3% | −6.3% | −30.9% | 13.6% | −21.1% | 11.5% | 11.8% | 11.4% | 9.3% |
| Free cash flow yield | 18.8% | 0.8% | 3.9% | 9.5% | 9.8% | 8.1% | 2.3% | 2.8% | 3.6% | 7.4% |
| Dividend yield | 18.3% | 21.2% | 22.0% | 20.0% | 13.7% | 10.7% | 12.4% | 14.0% | 13.3% | 16.3% |
| Shareholder yield (dividends + buybacks) | 18.5% | 21.8% | 23.1% | 24.6% | 26.7% | 10.7% | 12.4% | 14.0% | 13.3% | 16.3% |
| Share price at fiscal year-end | $7.30 | $6.06 | $8.53 | $10.24 | $14.88 | $14.76 | $24.92 | $23.56 | $24.68 | $26.40 |
| Per share | ||||||||||
| Revenue per share | $8.80 | $6.15 | $5.50 | $1.46 | $3.99 | $1.60 | $12.39 | $12.67 | $12.84 | $12.76 |
| Earnings per share | $1.63 | −$0.68 | −$0.53 | −$3.17 | $2.03 | −$3.11 | $2.86 | $2.79 | $2.82 | $2.47 |
| Operating cash flow per share | $1.46 | $0.15 | $0.33 | $0.97 | $1.46 | $1.20 | $0.58 | $0.66 | $0.90 | $1.97 |
| Free cash flow per share | $1.38 | $0.05 | $0.33 | $0.97 | $1.46 | $1.20 | $0.58 | $0.66 | $0.90 | $1.97 |
| Cash per share | $2.30 | $44.00 | $24.17 | $3.65 | $5.15 | $3.28 | $2.01 | $2.96 | $3.56 | $5.09 |
| Book value per share | $15.59 | $15.36 | $17.35 | $18.74 | $24.58 | $24.81 | $36.37 | $31.99 | $29.82 | $30.95 |
| Tangible book value per share | $15.10 | $15.13 | $17.32 | $18.74 | $24.16 | $24.81 | $35.95 | $31.31 | $28.94 | $29.91 |
| Dividends per share | $1.33 | $1.29 | $1.87 | $2.05 | $2.05 | $1.58 | $3.10 | $3.30 | $3.28 | $4.31 |
| Capex per share | $0.09 | $0.10 | $0.55 | $2.22 | $0.48 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Debt per share | $120.24 | $39.15 | $30.81 | $28.08 | $26.47 | $23.94 | $348.08 | $365.04 | $337.51 | $287.90 |
| Shares outstanding | 91.5M | 90.8M | 91.0M | 94.3M | 95.2M | 92.8M | 60.6M | 36.9M | 32.6M | 27.4M |
| Change in shares outstanding | +0.8% | −0.2% | −3.5% | −1.0% | +2.7% | +52.9% | +64.5% | +13.1% | +18.9% | +1.1% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 10.6% | −4.2% | −2.9% | −14.5% | 8.3% | −12.8% | 10.3% | 9.6% | 10.1% | 7.8% |
| Return on invested capital (ROIC) | 2.1% | −4.7% | −2.0% | −6.4% | 4.4% | −0.4% | 0.9% | 0.8% | 0.9% | 0.7% |
| Return on assets (ROA) | 1.4% | −0.7% | −0.7% | −5.0% | 3.7% | −2.1% | 0.9% | 0.8% | 0.9% | 0.8% |
| Return on tangible assets | 1.2% | −0.7% | −0.7% | −4.8% | 3.4% | −6.2% | 0.7% | 0.7% | 0.8% | 0.8% |
| Free cash flow margin | 15.6% | 0.8% | 6.0% | 66.5% | 36.5% | 74.9% | 4.7% | 5.2% | 7.0% | 15.4% |
| Income quality (OCF / net income) | 0.90 | — | — | — | 0.72 | — | 0.20 | 0.23 | 0.32 | 0.80 |
| Financial health | ||||||||||
| Total debt | $11.00B | $3.56B | $2.81B | $2.65B | $2.52B | $2.22B | $21.11B | $13.46B | $11.00B | $7.89B |
| Cash & short-term investments | $210.3M | $4.00B | $2.20B | $344.3M | $490.4M | $304.5M | $121.6M | $109.1M | $116.0M | $139.6M |
| Net debt | $10.79B | −$440.8M | $604.2M | $2.30B | $2.03B | $1.92B | $20.99B | $13.35B | $10.88B | $7.75B |
| Debt / equity | 7.71 | 2.55 | 1.78 | 1.50 | 1.08 | 0.96 | 9.57 | 11.41 | 11.32 | 9.30 |
| Debt / assets | 0.87 | 0.39 | 0.38 | 0.42 | 0.45 | 0.48 | 0.90 | 0.91 | 0.91 | 0.88 |
| Net debt / EBITDA | 60.80 | — | — | — | 8.38 | — | 28.39 | 27.76 | 29.04 | 25.19 |
| Current ratio | 0.03 | 1.02 | 0.90 | 0.54 | 0.96 | — | 0.05 | 0.05 | 0.10 | 0.17 |
| Quick ratio | 0.03 | 1.02 | 0.90 | 0.54 | 0.96 | — | 0.05 | 0.05 | 0.10 | 0.17 |
| Interest coverage | 0.3 | -0.3 | -0.4 | -2.6 | 2.4 | -0.3 | 0.3 | 0.3 | 0.3 | 0.3 |
| Working capital | −$6.54B | $89.6M | −$244.0M | −$354.7M | −$24.9M | — | −$2.85B | −$2.02B | −$1.28B | −$801.9M |
| Invested capital | $12.22B | $953.9M | $2.18B | $4.07B | $4.37B | $4.22B | $23.20B | $14.53B | $11.85B | $8.60B |
| Tangible asset value | $1.39B | $1.39B | $1.63B | $1.86B | $2.39B | $2.31B | $2.18B | $1.16B | $947.3M | $822.5M |
| Net current asset value | −$11.00B | −$3.64B | −$3.49B | −$3.96B | −$2.65B | — | −$21.12B | −$13.45B | −$10.93B | −$7.94B |
| Graham number | $23.90 | — | — | — | $33.49 | — | $48.42 | $44.82 | $43.52 | $41.44 |
| Graham net-net per share | −$119.56 | −$40.71 | −$38.70 | −$42.27 | −$28.18 | −$22.03 | −$89.66 | −$106.12 | −$102.66 | −$83.21 |
| Capital allocation | ||||||||||
| Dividends paid | $122.0M | $116.7M | $170.7M | $193.2M | $194.8M | $146.6M | $188.0M | $121.7M | $106.8M | $118.0M |
| Share buybacks (net) | $1.5M | $3.5M | $8.6M | $44.4M | $183.4M | — | — | — | — | — |
| Dividend payout ratio | 81.8% | — | — | — | 100.9% | — | 108.2% | 118.3% | 116.1% | 174.7% |
| Dividends + buybacks / free cash flow | 98.1% | — | 598.6% | 258.8% | 272.3% | 132.2% | 535.6% | 503.3% | 364.0% | 219.2% |
| Capex / revenue | 1.0% | 1.7% | 10.1% | 151.6% | 12.1% | 0.1% | 0.0% | 0.0% | 0.0% | 0.0% |
| Capex / operating cash flow | 6.1% | 67.3% | 168.3% | 228.1% | 33.2% | 0.2% | 0.0% | 0.0% | 0.0% | 0.0% |
| Capex / depreciation | 0.21 | 0.16 | 0.97 | 1.37 | 0.90 | — | — | — | 0.00 | 0.00 |
| Stock-based compensation / revenue | 1.0% | 1.1% | 1.8% | 8.6% | 2.7% | — | 0.7% | 0.6% | 0.4% | 0.3% |
| SG&A / revenue | 8.2% | 7.7% | 8.9% | 34.5% | 12.0% | 28.5% | 4.8% | 6.0% | 5.5% | 7.0% |
| Efficiency | ||||||||||
| Days sales outstanding | 51.5 | 70.6 | 45.8 | 172.6 | 67.0 | — | 8,179.2 | 8,936.6 | 7,734.7 | 8,022.2 |
| Days payables outstanding | 40.4 | 36.8 | 32.6 | 27.8 | 41.7 | — | — | — | — | 1,783.1 |
| Cash conversion cycle (days) | 11.1 | 33.7 | 13.2 | 144.9 | 25.4 | — | — | — | — | 6,239.1 |
| Receivables turnover | 7.09 | 5.17 | 7.97 | 2.11 | 5.44 | — | 0.04 | 0.04 | 0.05 | 0.05 |
| Payables turnover | 9.04 | 9.92 | 11.21 | 13.15 | 8.76 | — | — | — | — | 0.20 |
| Asset turnover | 0.07 | 0.07 | 0.07 | 0.02 | 0.07 | 0.01 | 0.04 | 0.03 | 0.04 | 0.04 |
| Average receivables | $113.7M | $108.0M | $62.8M | $65.3M | $69.8M | — | $16.84B | $11.44B | $8.87B | $7.68B |
| Average payables | $50.1M | $32.3M | $17.1M | $9.8M | $9.1M | — | — | — | — | $188.0M |
| Intangibles / total assets | 0.4% | 0.2% | 0.0% | 0.0% | 0.7% | 0.0% | 0.1% | 0.2% | 0.2% | 0.3% |
Computed from ADAM's annual financial statements (latest annual report filed December 31, 2025) 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.
ADAM valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), New York Mortgage traded at 4.5 times earnings, against a 10-year median of 8.6. Based on the latest twelve months, the trailing P/E is 4.5 and the forward P/E is 6.9. New York Mortgage earned a return on equity of 10.6% and a return on invested capital of 2.1% in fiscal 2025. It ended the year with $11.0 billion of debt and $210.3 million in cash and short-term investments, net debt of $10.8 billion. It returned $123.5 million to shareholders: $122.0 million in dividends and $1.5 million in share buybacks, 98% of free cash flow. The share count rose 234.0% from 27.4M to 91.5M over 9 years.
See the ADAM income statement, the ADAM chart for price history, or the ADAM stock overview for the latest quote and news.
ADAM key metrics FAQ
What is New York Mortgage's P/E ratio?
New York Mortgage's trailing P/E ratio is 4.5 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 6.9. At the end of fiscal 2025 it was 4.5, compared with a 10-year median of 8.6.
What is New York Mortgage's EV/EBITDA?
New York Mortgage's enterprise value was 64.6 times EBITDA at the end of fiscal 2025 (enterprise value $11.5 billion, EBITDA $177.5 million).
What is New York Mortgage's return on equity?
New York Mortgage's return on equity (ROE) was 10.6% in fiscal 2025: net income of $149.0 million on average shareholders' equity of $1.4 billion.
What is New York Mortgage's ROIC?
New York Mortgage's return on invested capital was 2.1% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does New York Mortgage have?
New York Mortgage had total debt of $11.0 billion at the end of fiscal 2025, a debt-to-equity ratio of 7.71 and $10.8 billion of net debt (60.80 times EBITDA).
What is New York Mortgage's dividend yield?
New York Mortgage's forward dividend yield is 15.71%. New York Mortgage paid $122.0 million in dividends in fiscal 2025 ($1.33 per share), a payout ratio of 81.8%.
Does New York Mortgage buy back its shares?
Yes. New York Mortgage spent $1.5 million on net share repurchases in fiscal 2025 Shares outstanding changed +0.8% over the year, to 91.5M..
What is New York Mortgage's free cash flow yield?
New York Mortgage generated $125.9 million of free cash flow in fiscal 2025, a free cash flow yield of 18.8% on its market value at year-end ($668.0 million).
What is New York Mortgage's current ratio?
New York Mortgage's current ratio was 0.03 at the end of fiscal 2025: current assets were 0.03 times current liabilities.