Bridger Aerospace Group Holdings, Inc. (BAER) Key Metrics
BAER valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $30.4M
- Enterprise value
- $733.8M
- P/E (TTM)
- —
- Forward P/E
- 11.0
- PEG ratio
- —
- Price / sales
- 0.3 10-yr median 8.2
- Price / book
- — 10-yr median 5.9
- EV / EBITDA
- 26.3 10-yr median 11.3
- Dividend yield
- —
- Beta
- 0.36
BAER key metrics, 2020–2025
Fiscal year ended December 31, 2025 · U.S. dollarsBAER valuation Price multiples at each fiscal year-end price.
BAER returns How much profit the business earns on the capital it uses.
BAER per-share figures Results divided by the shares outstanding at year-end.
BAER financial health Debt, liquidity and how easily interest is covered.
BAER efficiency & capital use Working capital cycle and where the cash goes.
BAER valuation history
BAER returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
BAER debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
BAER cash returned to shareholders
BAER price vs earnings per share
BAER key metrics
2020–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Valuation | ||||||
| Market capitalization | $99.3M | $107.6M | $545.3M | $443.4M | $427.2M | — |
| Enterprise value | $312.8M | $280.8M | $735.9M | $566.9M | $474.4M | — |
| P/E ratio | 24.0 | — | — | — | — | — |
| Price / sales | 0.8 | 1.1 | 8.2 | 9.6 | 10.8 | — |
| Price / book | 1.5 | 2.0 | 20.2 | 5.9 | 6.9 | — |
| Price / free cash flow | — | 20.4 | — | — | — | — |
| Price / operating cash flow | 5.9 | 11.5 | — | — | 71.0 | — |
| EV / sales | 2.5 | 2.8 | 11.0 | 12.2 | 12.0 | — |
| EV / EBITDA | 7.3 | 11.3 | — | — | 50.3 | — |
| EV / free cash flow | — | 53.3 | — | — | — | — |
| Earnings yield | 4.2% | −14.5% | −14.2% | −9.5% | −1.5% | — |
| Free cash flow yield | −64.6% | 4.9% | −8.8% | −8.0% | −3.9% | — |
| Dividend yield | — | — | — | 69.1% | — | — |
| Shareholder yield (dividends + buybacks) | — | — | 0.0% | 138.1% | 0.0% | — |
| Share price at fiscal year-end | $1.83 | $2.13 | $6.91 | $10.13 | $9.76 | — |
| Per share | ||||||
| Revenue per share | $2.26 | $1.95 | $0.85 | $1.06 | $0.90 | $0.31 |
| Earnings per share | $0.08 | −$0.31 | −$0.98 | −$0.96 | −$0.15 | −$0.28 |
| Operating cash flow per share | $0.31 | $0.19 | −$0.34 | −$0.23 | $0.14 | −$0.18 |
| Free cash flow per share | −$1.18 | $0.10 | −$0.61 | −$0.81 | −$0.38 | −$1.40 |
| Cash per share | $0.58 | $0.78 | $0.30 | $1.95 | $0.31 | $0.12 |
| Book value per share | $1.19 | $1.06 | $0.34 | $1.72 | $1.41 | −$1.44 |
| Tangible book value per share | $0.70 | $0.53 | $0.15 | $1.66 | $1.35 | −$1.50 |
| Dividends per share | — | — | — | $7.00 | — | — |
| Capex per share | $1.49 | $0.08 | $0.27 | $0.58 | $0.52 | $1.22 |
| Debt per share | $4.51 | $4.21 | $2.72 | $4.77 | $1.39 | $4.37 |
| Shares outstanding | 54.3M | 50.5M | 78.9M | 43.8M | 43.8M | 43.8M |
| Change in shares outstanding | +7.4% | −36.0% | +80.3% | 0.0% | 0.0% | — |
| Returns & profitability | ||||||
| Return on equity (ROE) | 7.0% | −38.7% | −151.2% | −61.4% | — | — |
| Return on invested capital (ROIC) | 6.1% | 1.9% | −21.8% | −11.6% | 1.1% | −5.7% |
| Return on assets (ROA) | 1.3% | −5.5% | −26.7% | −16.8% | −4.0% | −9.3% |
| Return on tangible assets | 1.4% | −5.9% | −29.9% | −13.9% | −3.4% | −9.5% |
| Free cash flow margin | −52.3% | 5.3% | −71.8% | −76.5% | −42.0% | −455.7% |
| Income quality (OCF / net income) | 4.04 | — | — | — | — | — |
| Financial health | ||||||
| Total debt | $244.9M | $212.6M | $214.6M | $208.7M | $60.9M | $191.4M |
| Cash & short-term investments | $31.4M | $39.3M | $24.0M | $85.1M | $13.7M | $5.2M |
| Net debt | $213.5M | $173.2M | $190.7M | $123.5M | $47.2M | $186.2M |
| Debt / equity | 3.79 | 3.97 | 7.97 | 2.77 | 0.98 | — |
| Debt / assets | 0.74 | 0.73 | 0.78 | 0.68 | 0.31 | 1.45 |
| Net debt / EBITDA | 5.00 | 6.97 | — | — | 5.01 | — |
| Current ratio | 2.43 | 2.73 | 1.78 | 4.40 | 0.30 | 2.37 |
| Quick ratio | 2.43 | 2.69 | 1.76 | 4.32 | 0.28 | 2.18 |
| Interest coverage | 0.7 | 0.2 | -2.5 | -1.1 | 0.2 | -5.5 |
| Working capital | $23.7M | $40.4M | $19.8M | $82.6M | −$51.0M | $5.4M |
| Invested capital | $278.1M | $226.7M | $217.6M | $198.9M | $109.1M | $123.3M |
| Tangible asset value | $37.8M | $26.7M | $11.8M | $72.5M | $59.1M | −$65.7M |
| Net current asset value | −$225.4M | −$173.5M | −$201.3M | −$123.7M | −$111.2M | −$185.7M |
| Graham number | $1.43 | — | — | — | — | — |
| Graham net-net per share | −$4.27 | −$3.82 | −$2.78 | −$3.30 | −$2.71 | −$4.29 |
| Capital allocation | ||||||
| Dividends paid | — | — | — | $306.2M | — | — |
| Share buybacks (net) | — | — | $0 | $306.2M | $0 | — |
| Capex / revenue | 65.9% | 4.1% | 31.6% | 55.1% | 57.3% | 397.4% |
| Capex / operating cash flow | 483.8% | 43.7% | — | — | 374.8% | — |
| Capex / depreciation | 5.23 | 0.23 | 1.90 | 2.81 | 3.38 | 19.87 |
| Stock-based compensation / revenue | 5.8% | 16.4% | 71.6% | 0.0% | 0.0% | — |
| R&D / revenue | — | — | — | 2.9% | 0.9% | 0.9% |
| SG&A / revenue | 29.5% | 73.0% | 108.1% | 74.2% | 27.8% | 70.2% |
| Efficiency | ||||||
| Days sales outstanding | 13.6 | 18.6 | 11.3 | 0.3 | 10.6 | 61.6 |
| Days of inventory on hand | — | 4.3 | 9.9 | 20.0 | 18.5 | 21.3 |
| Days payables outstanding | 22.4 | 29.6 | 31.6 | 38.7 | 32.5 | 20.2 |
| Cash conversion cycle (days) | -8.9 | -6.7 | -10.3 | -18.5 | -3.4 | 62.6 |
| Receivables turnover | 26.89 | 19.61 | 32.21 | 1,449.81 | 34.28 | 5.93 |
| Payables turnover | 16.27 | 12.35 | 11.57 | 9.42 | 11.23 | 18.07 |
| Inventory turnover | — | 85.46 | 36.76 | 18.29 | 19.73 | 17.15 |
| Asset turnover | 0.40 | 0.35 | 0.23 | 0.19 | 0.24 | 0.10 |
| Average receivables | $4.6M | $5.0M | $2.1M | $31,996 | $1.1M | $2.3M |
| Average payables | $4.4M | $4.7M | $3.6M | $3.6M | $2.4M | $711,554 |
| Average inventory | — | $672,500 | $1.1M | $1.9M | $1.3M | $749,314 |
| Intangibles / total assets | 8.1% | 9.2% | 5.5% | 0.9% | 1.4% | 2.1% |
Computed from BAER's annual financial statements (latest annual report filed March 6, 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.
BAER valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Bridger Aerospace traded at 24.0 times earnings. Bridger Aerospace earned a return on equity of 7.0% and a return on invested capital of 6.1% in fiscal 2025. It ended the year with $244.9 million of debt and $31.4 million in cash and short-term investments, net debt of $213.5 million. The share count rose 24.0% from 43.8M to 54.3M over 5 years.
See the BAER income statement, the BAER chart for price history, or the BAER stock overview for the latest quote and news.
BAER key metrics FAQ
What is Bridger Aerospace's P/E ratio?
Bridger Aerospace traded at 24.0 times earnings at the end of fiscal 2025.
What is Bridger Aerospace's EV/EBITDA?
Bridger Aerospace's enterprise value was 7.3 times EBITDA at the end of fiscal 2025 (enterprise value $312.8 million, EBITDA $42.7 million); the current EV/EBITDA is 26.3.
What is Bridger Aerospace's return on equity?
Bridger Aerospace's return on equity (ROE) was 7.0% in fiscal 2025: net income of $4.1 million on average shareholders' equity of $59.1 million.
What is Bridger Aerospace's ROIC?
Bridger Aerospace's return on invested capital was 6.1% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Bridger Aerospace have?
Bridger Aerospace had total debt of $244.9 million at the end of fiscal 2025, a debt-to-equity ratio of 3.79 and $213.5 million of net debt (5.00 times EBITDA).
What is Bridger Aerospace's free cash flow yield?
Bridger Aerospace generated -$64.2 million of free cash flow in fiscal 2025, a free cash flow yield of −64.6% on its market value at year-end ($99.3 million).
What is Bridger Aerospace's current ratio?
Bridger Aerospace's current ratio was 2.43 at the end of fiscal 2025: current assets were 2.43 times current liabilities.