Bread Financial Holdings, Inc. (BFH) Key Metrics
BFH valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $3.94B
- Enterprise value
- $3.54B
- P/E (TTM)
- 8.0 10-yr median 9.8
- Forward P/E
- 7.6
- PEG ratio
- 2.16
- Price / sales
- 1.5 10-yr median 0.9
- Price / book
- 1.1 10-yr median 1.7
- EV / EBITDA
- 6.1 10-yr median 14.7
- Dividend yield
- 0.90% $0.92 a year
- Beta
- 1.18
BFH key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsBFH valuation Price multiples at each fiscal year-end price.
BFH returns How much profit the business earns on the capital it uses.
BFH per-share figures Results divided by the shares outstanding at year-end.
BFH financial health Debt, liquidity and how easily interest is covered.
BFH efficiency & capital use Working capital cycle and where the cash goes.
BFH valuation history
BFH returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
BFH debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
BFH cash returned to shareholders
BFH price vs earnings per share
BFH key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $3.41B | $3.08B | $1.65B | $1.88B | $3.33B | $2.83B | $4.48B | $6.60B | $11.31B | $10.74B |
| Enterprise value | $4.02B | $4.91B | $3.33B | $12.19B | $21.97B | $11.53B | $15.97B | $21.42B | $26.57B | $25.15B |
| P/E ratio | 6.6 | 11.1 | 2.3 | 8.4 | 4.2 | 13.2 | 16.1 | 6.9 | 14.3 | 20.8 |
| Price / sales | 0.7 | 0.8 | 0.4 | 0.5 | 1.0 | 0.9 | 1.3 | 1.2 | 2.1 | 1.5 |
| Price / book | 1.0 | 1.0 | 0.6 | 0.8 | 1.6 | 1.9 | 2.8 | 2.8 | 6.1 | 6.5 |
| Price / free cash flow | 1.6 | 1.7 | 0.8 | 1.1 | 2.3 | 1.5 | 4.2 | 2.6 | 4.7 | 5.7 |
| Price / operating cash flow | 1.6 | 1.7 | 0.8 | 1.0 | 2.2 | 1.5 | 3.7 | 2.4 | 4.3 | 5.1 |
| EV / sales | 0.9 | 1.3 | 0.8 | 3.2 | 6.7 | 3.5 | 4.8 | 3.8 | 4.9 | 3.5 |
| EV / EBITDA | 5.8 | 3.4 | 3.1 | 13.3 | 18.8 | 21.0 | 16.1 | 12.6 | 17.0 | 18.6 |
| EV / free cash flow | 1.9 | 2.6 | 1.7 | 6.8 | 15.1 | 6.3 | 14.8 | 8.4 | 11.1 | 13.4 |
| Earnings yield | 15.2% | 9.0% | 43.6% | 11.8% | 24.1% | 7.6% | 6.2% | 14.6% | 7.0% | 4.8% |
| Free cash flow yield | 61.4% | 60.4% | 120.6% | 94.5% | 43.8% | 64.6% | 24.0% | 38.7% | 21.1% | 17.5% |
| Dividend yield | 1.2% | 1.4% | 2.6% | 2.3% | 1.3% | 2.1% | 2.8% | 1.9% | 1.0% | 0.3% |
| Shareholder yield (dividends + buybacks) | 10.4% | 3.2% | 4.7% | 2.9% | 1.3% | 2.1% | 24.6% | 8.6% | 5.9% | 7.7% |
| Share price at fiscal year-end | $74.03 | $61.06 | $32.94 | $37.66 | $66.57 | $59.14 | $89.55 | $119.78 | $202.30 | $182.36 |
| Per share | ||||||||||
| Revenue per share | $102.15 | $76.15 | $85.78 | $76.52 | $65.40 | $68.85 | $66.96 | $102.84 | $97.94 | $121.19 |
| Earnings per share | $11.26 | $5.50 | $14.36 | $4.46 | $16.02 | $4.47 | $5.56 | $17.48 | $14.11 | $8.76 |
| Operating cash flow per share | $45.48 | $36.88 | $39.74 | $36.96 | $30.86 | $39.30 | $24.35 | $50.00 | $46.68 | $35.46 |
| Free cash flow per share | $45.48 | $36.88 | $39.74 | $35.60 | $29.18 | $38.18 | $21.51 | $46.37 | $42.65 | $31.94 |
| Cash per share | $82.07 | $76.37 | $75.22 | $79.72 | $62.22 | $64.33 | $77.49 | $69.28 | $74.96 | $31.57 |
| Book value per share | $72.33 | $60.54 | $58.36 | $45.30 | $41.72 | $31.77 | $32.42 | $42.32 | $33.19 | $28.15 |
| Tangible book value per share | $56.76 | $45.73 | $43.12 | $29.32 | $27.98 | $1.47 | $10.26 | $21.05 | −$50.54 | −$53.41 |
| Dividends per share | $0.91 | $0.85 | $0.84 | $0.86 | $0.84 | $1.27 | $2.55 | $2.27 | $2.07 | $0.51 |
| Capex per share | $0.52 | $0.71 | $0.96 | $1.36 | $1.68 | $1.13 | $2.85 | $3.63 | $4.03 | $3.51 |
| Debt per share | $95.50 | $112.80 | $108.80 | $285.86 | $435.02 | $245.89 | $307.32 | $338.17 | $347.97 | $276.19 |
| Shares outstanding | 46.0M | 50.4M | 50.0M | 50.0M | 50.0M | 47.9M | 50.0M | 55.1M | 55.9M | 58.9M |
| Change in shares outstanding | −8.7% | +0.8% | 0.0% | 0.0% | +4.4% | −4.2% | −9.3% | −1.4% | −5.1% | −5.5% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 16.2% | 9.3% | 27.7% | 10.3% | 44.4% | 13.6% | 14.1% | 46.0% | 44.9% | 28.1% |
| Return on invested capital (ROIC) | 11.8% | 4.3% | 14.1% | 3.6% | 5.2% | 5.3% | 6.6% | 8.0% | 6.6% | 5.5% |
| Return on assets (ROA) | 2.3% | 1.2% | 3.0% | 0.9% | 3.6% | 0.9% | 1.0% | 3.2% | 2.8% | 2.2% |
| Return on tangible assets | 2.4% | 1.3% | 3.2% | 0.9% | 3.8% | 1.0% | 1.1% | 3.3% | 3.0% | 2.5% |
| Free cash flow margin | 44.5% | 48.4% | 46.3% | 46.5% | 44.6% | 55.4% | 32.1% | 45.1% | 43.5% | 26.4% |
| Income quality (OCF / net income) | 4.04 | 6.71 | 2.77 | 8.29 | 1.93 | 8.80 | 4.38 | 2.86 | 3.31 | 4.05 |
| Financial health | ||||||||||
| Total debt | $4.39B | $5.68B | $5.44B | $14.29B | $21.75B | $11.78B | $15.37B | $18.63B | $19.45B | $16.27B |
| Cash & short-term investments | $3.77B | $3.85B | $3.76B | $3.99B | $3.11B | $3.08B | $3.87B | $3.82B | $4.19B | $1.86B |
| Net debt | $618.0M | $1.84B | $1.68B | $10.31B | $18.64B | $8.70B | $11.49B | $14.82B | $15.26B | $14.41B |
| Debt / equity | 1.32 | 1.86 | 1.86 | 6.31 | 10.43 | 7.74 | 9.48 | 7.99 | 10.48 | 9.81 |
| Debt / assets | 0.19 | 0.25 | 0.24 | 0.56 | 1.00 | 0.52 | 0.58 | 0.61 | 0.63 | 0.64 |
| Net debt / EBITDA | 0.89 | 1.28 | 1.55 | 11.26 | 15.97 | 15.84 | 11.56 | 8.70 | 9.78 | 10.68 |
| Current ratio | 0.27 | 0.29 | 0.27 | 10.43 | 1.69 | 18.48 | 25.14 | 2.15 | 2.30 | 1.97 |
| Quick ratio | 0.27 | 0.29 | 0.34 | 11.98 | 0.29 | 18.31 | 24.90 | 2.13 | 2.27 | 1.94 |
| Interest coverage | 0.7 | 0.3 | 1.8 | 1.6 | 2.7 | 1.8 | 2.0 | 11.2 | 8.7 | 5.8 |
| Working capital | −$10.74B | −$9.92B | −$10.67B | $3.75B | $8.09B | $17.55B | $22.25B | $13.23B | $13.15B | $8.97B |
| Invested capital | $3.94B | $4.89B | $4.60B | $12.57B | $20.73B | $10.22B | $13.11B | $17.15B | $17.12B | $16.07B |
| Tangible asset value | $2.61B | $2.31B | $2.16B | $1.47B | $1.40B | $70.3M | $513.0M | $1.16B | −$2.83B | −$3.15B |
| Net current asset value | −$15.39B | −$15.81B | −$16.29B | −$18.99B | $197.0M | −$2.47B | −$1.70B | −$3.34B | −$5.53B | −$5.66B |
| Graham number | $135.37 | $86.52 | $137.32 | $67.42 | $122.63 | $56.51 | $63.69 | $129.02 | $102.65 | $74.48 |
| Graham net-net per share | −$335.87 | −$315.12 | −$336.82 | −$386.84 | −$164.28 | −$141.54 | −$143.42 | −$203.24 | −$203.96 | −$172.57 |
| Capital allocation | ||||||||||
| Dividends paid | $42.0M | $43.0M | $42.0M | $43.0M | $42.0M | $60.6M | $127.4M | $125.2M | $115.5M | $30.0M |
| Share buybacks (net) | $313.0M | $55.0M | $35.0M | $12.0M | $0 | $0 | $976.1M | $443.2M | $553.7M | $798.8M |
| Dividend payout ratio | 8.1% | 15.5% | 5.8% | 19.3% | 5.2% | 28.3% | 45.8% | 13.0% | 14.6% | 5.8% |
| Dividends + buybacks / free cash flow | 17.0% | 5.3% | 3.9% | 3.1% | 2.9% | 3.3% | 102.6% | 22.2% | 28.1% | 44.1% |
| Capex / revenue | 0.5% | 0.9% | 1.1% | 1.8% | 2.6% | 1.6% | 4.3% | 3.5% | 4.1% | 2.9% |
| Capex / operating cash flow | 1.1% | 1.9% | 2.4% | 3.7% | 5.4% | 2.9% | 11.7% | 7.3% | 8.6% | 9.9% |
| Capex / depreciation | 0.30 | 0.40 | 0.41 | 0.60 | 0.68 | 0.29 | 0.57 | 0.41 | 0.45 | 0.40 |
| Stock-based compensation / revenue | 1.2% | 1.4% | 1.0% | 0.9% | 0.9% | 0.6% | 1.6% | 1.4% | 1.4% | 1.1% |
| SG&A / revenue | 27.9% | 27.2% | 24.0% | 20.4% | 20.5% | 18.5% | 21.5% | 2.9% | 2.9% | 2.0% |
| Efficiency | ||||||||||
| Days sales outstanding | 11.4 | 13.7 | 13.1 | 15.0 | 833.1 | 1,829.9 | 1,935.8 | 1,118.0 | 1,103.1 | 750.7 |
| Days of inventory on hand | — | — | -236.4 | 1,811.9 | 1,902.7 | 27.1 | 26.1 | 28.6 | 31.5 | 19.4 |
| Days payables outstanding | 65.1 | 97.7 | 121.8 | 78.9 | 70.9 | 44.6 | 44.1 | 67.4 | 76.1 | 39.2 |
| Cash conversion cycle (days) | -53.8 | -84.0 | -345.1 | 1,748.1 | 2,664.9 | 1,812.4 | 1,917.8 | 1,079.2 | 1,058.5 | 730.8 |
| Receivables turnover | 32.08 | 26.56 | 27.85 | 24.29 | 0.44 | 0.20 | 0.19 | 0.33 | 0.33 | 0.49 |
| Payables turnover | 5.60 | 3.74 | 3.00 | 4.63 | 5.15 | 8.18 | 8.28 | 5.41 | 4.80 | 9.31 |
| Inventory turnover | — | — | — | — | 0.19 | 13.45 | 13.98 | 12.78 | 11.57 | 18.85 |
| Asset turnover | 0.21 | 0.17 | 0.18 | 0.16 | 0.15 | 0.13 | 0.12 | 0.19 | 0.19 | 0.30 |
| Average receivables | $146.5M | $144.5M | $154.0M | $157.5M | $7.46B | $16.53B | $17.76B | $17.36B | $16.55B | $14.68B |
| Average payables | $307.5M | $374.0M | $410.0M | $344.5M | $309.6M | $314.5M | $393.5M | $568.7M | $609.8M | $505.4M |
| Average inventory | — | — | −$796.0M | $7.91B | $8.30B | $191.2M | $233.0M | $241.1M | $252.7M | $249.7M |
| Intangibles / total assets | 3.2% | 3.3% | 3.3% | 3.1% | 3.2% | 6.4% | 4.2% | 3.9% | 15.3% | 18.8% |
Computed from BFH's annual financial statements (latest annual report filed February 13, 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.
BFH valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Bread Financial traded at 6.6 times earnings, against a 10-year median of 9.8. Based on the latest twelve months, the trailing P/E is 8.0 and the forward P/E is 7.6. Bread Financial earned a return on equity of 16.2% and a return on invested capital of 11.8% in fiscal 2025. It ended the year with $4.4 billion of debt and $3.8 billion in cash and short-term investments, net debt of $618.0 million. It returned $355.0 million to shareholders: $42.0 million in dividends and $313.0 million in share buybacks, 17% of free cash flow. The share count fell 21.9% from 58.9M to 46.0M over 9 years.
See the BFH income statement, the BFH chart for price history, or the BFH stock overview for the latest quote and news.
BFH key metrics FAQ
What is Bread Financial's P/E ratio?
Bread Financial's trailing P/E ratio is 8.0 based on the last twelve months of earnings (as of October 17, 2026), and its forward P/E is 7.6. At the end of fiscal 2025 it was 6.6, compared with a 10-year median of 9.8.
What is Bread Financial's EV/EBITDA?
Bread Financial's enterprise value was 5.8 times EBITDA at the end of fiscal 2025 (enterprise value $4.0 billion, EBITDA $694.0 million); the current EV/EBITDA is 6.1.
What is Bread Financial's return on equity?
Bread Financial's return on equity (ROE) was 16.2% in fiscal 2025: net income of $518.0 million on average shareholders' equity of $3.2 billion.
What is Bread Financial's ROIC?
Bread Financial's return on invested capital was 11.8% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Bread Financial have?
Bread Financial had total debt of $4.4 billion at the end of fiscal 2025, a debt-to-equity ratio of 1.32 and $618.0 million of net debt (0.89 times EBITDA).
What is Bread Financial's dividend yield?
Bread Financial's forward dividend yield is 0.90%. Bread Financial paid $42.0 million in dividends in fiscal 2025 ($0.91 per share), a payout ratio of 8.1%.
Does Bread Financial buy back its shares?
Yes. Bread Financial spent $313.0 million on net share repurchases in fiscal 2025 Shares outstanding changed −8.7% over the year, to 46.0M..
What is Bread Financial's free cash flow yield?
Bread Financial generated $2.1 billion of free cash flow in fiscal 2025, a free cash flow yield of 61.4% on its market value at year-end ($3.4 billion).
What is Bread Financial's current ratio?
Bread Financial's current ratio was 0.27 at the end of fiscal 2025: current assets were 0.27 times current liabilities.