BrightSpire Capital, Inc. (BRSP) Key Metrics
BRSP valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $466.9M
- Enterprise value
- $3.00B
- P/E (TTM)
- —
- Forward P/E
- 15.6
- PEG ratio
- —
- Price / sales
- 1.4 10-yr median 2.3
- Price / book
- 0.6 10-yr median 0.7
- EV / EBITDA
- 165.0 10-yr median 45.7
- Dividend yield
- 17.34% $0.64 a year
- Beta
- 1.38
BRSP key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsBRSP valuation Price multiples at each fiscal year-end price.
BRSP returns How much profit the business earns on the capital it uses.
BRSP per-share figures Results divided by the shares outstanding at year-end.
BRSP financial health Debt, liquidity and how easily interest is covered.
BRSP efficiency & capital use Working capital cycle and where the cash goes.
BRSP valuation history
BRSP returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
BRSP debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
BRSP cash returned to shareholders
BRSP price vs earnings per share
BRSP key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $710.5M | $718.8M | $945.3M | $805.5M | $1.32B | $964.1M | $1.69B | $1.91B | — | — |
| Enterprise value | $3.13B | $2.93B | $4.34B | $3.69B | $5.93B | $5.14B | $7.42B | $7.19B | — | — |
| P/E ratio | — | — | — | 17.6 | — | — | — | — | — | — |
| Price / sales | 2.1 | 2.1 | 2.4 | 2.2 | 4.1 | 2.3 | 3.1 | 4.0 | — | — |
| Price / book | 0.8 | 0.7 | 0.7 | 0.6 | 0.9 | 0.6 | 0.8 | 0.7 | — | — |
| Price / free cash flow | 9.7 | 7.0 | 6.9 | 6.4 | — | 10.0 | 4.1 | 18.9 | — | — |
| Price / operating cash flow | 9.7 | 7.0 | 6.9 | 6.4 | — | 10.0 | 12.3 | 18.9 | — | — |
| EV / sales | 9.5 | 8.4 | 11.1 | 10.3 | 18.4 | 12.1 | 13.5 | 15.2 | — | — |
| EV / EBITDA | 28.2 | — | 121.0 | 32.9 | 58.4 | — | — | — | — | — |
| EV / free cash flow | 42.9 | 28.4 | 31.6 | 29.5 | — | 53.3 | 18.1 | 71.4 | — | — |
| Earnings yield | −4.4% | −18.4% | −1.6% | 5.7% | −7.7% | −36.6% | −24.5% | −8.8% | — | — |
| Free cash flow yield | 10.3% | 14.4% | 14.6% | 15.6% | −1.6% | 10.0% | 24.3% | 5.3% | — | — |
| Dividend yield | 11.7% | 13.8% | 11.0% | 12.3% | 3.9% | 5.4% | 12.9% | 9.7% | — | — |
| Shareholder yield (dividends + buybacks) | 13.8% | 15.3% | 11.3% | 17.9% | 4.1% | 5.5% | 13.0% | 9.8% | — | — |
| Share price at fiscal year-end | $5.60 | $5.64 | $7.44 | $6.23 | $10.26 | $7.50 | $13.16 | $15.79 | — | — |
| Per share | ||||||||||
| Revenue per share | $2.61 | $2.72 | $3.09 | $2.77 | $2.51 | $3.30 | $4.28 | $3.92 | $1.28 | $1.11 |
| Earnings per share | −$0.25 | −$1.04 | −$0.12 | $0.35 | −$0.79 | −$2.75 | −$3.23 | −$1.40 | $0.69 | $0.59 |
| Operating cash flow per share | $0.58 | $0.81 | $1.08 | $0.97 | −$0.17 | $0.75 | $1.07 | $0.83 | $0.84 | $0.69 |
| Free cash flow per share | $0.58 | $0.81 | $1.08 | $0.97 | −$0.17 | $0.75 | $3.20 | $0.83 | $0.84 | $0.69 |
| Cash per share | $0.53 | $2.37 | $2.03 | $2.37 | $2.02 | $3.77 | $2.67 | $2.53 | $0.01 | $0.11 |
| Book value per share | $7.40 | $8.23 | $10.05 | $10.73 | $11.33 | $12.96 | $16.50 | $22.43 | −$3.29 | $9.66 |
| Tangible book value per share | $7.18 | $7.85 | $9.69 | $10.41 | $10.82 | $12.23 | $15.40 | $21.05 | −$3.38 | $9.66 |
| Dividends per share | $0.65 | $0.78 | $0.82 | $0.77 | $0.40 | $0.40 | $1.70 | $1.54 | $2.34 | $0.96 |
| Capex per share | $0.00 | $0.00 | $0.06 | $0.03 | $0.08 | $0.18 | $2.13 | $1.23 | $0.00 | $0.00 |
| Debt per share | $19.63 | $19.74 | $28.77 | $24.67 | $37.94 | $36.25 | $47.33 | $46.36 | $3.05 | $3.93 |
| Shares outstanding | 126.9M | 127.4M | 127.1M | 129.3M | 128.5M | 128.5M | 128.4M | 120.7M | 127.9M | 127.9M |
| Change in shares outstanding | −0.4% | +0.3% | −1.7% | +0.6% | −0.0% | +0.1% | +6.4% | −5.6% | 0.0% | 0.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −3.1% | −11.4% | −1.2% | 3.2% | −6.5% | −18.7% | −17.2% | −14.7% | — | 6.2% |
| Return on invested capital (ROIC) | 3.1% | −1.0% | 0.2% | 0.9% | 1.3% | 0.2% | −1.6% | −1.0% | — | 6.9% |
| Return on assets (ROA) | −0.9% | −3.3% | −0.3% | 0.9% | −1.7% | −5.2% | −5.2% | −3.9% | 9.8% | 4.2% |
| Return on tangible assets | −0.9% | −3.6% | −0.4% | 1.0% | −1.8% | −5.8% | −5.7% | −2.0% | — | 4.2% |
| Free cash flow margin | 22.0% | 29.8% | 35.1% | 34.9% | −6.6% | 22.7% | 74.8% | 21.3% | 65.2% | 62.5% |
| Income quality (OCF / net income) | — | — | — | 2.74 | — | — | — | — | 1.21 | 1.16 |
| Financial health | ||||||||||
| Total debt | $2.49B | $2.52B | $3.66B | $3.19B | $4.87B | $4.66B | $6.08B | $5.59B | $389.7M | $502.4M |
| Cash & short-term investments | $66.8M | $302.2M | $257.5M | $306.3M | $259.7M | $485.2M | $343.2M | $305.5M | $1.0M | $14.0M |
| Net debt | $2.42B | $2.21B | $3.40B | $2.88B | $4.61B | $4.18B | $5.73B | $5.29B | $388.7M | $488.4M |
| Debt / equity | 2.65 | 2.40 | 2.86 | 2.30 | 3.35 | 2.80 | 2.87 | 2.07 | — | 0.41 |
| Debt / assets | 0.70 | 0.68 | 0.87 | 0.67 | 0.86 | 0.75 | 0.82 | 0.65 | 36.69 | 0.28 |
| Net debt / EBITDA | 21.84 | — | 94.63 | 25.75 | 45.43 | — | — | — | 3.55 | 3.57 |
| Current ratio | 19.52 | 18.15 | 18.87 | 49.61 | 27.72 | 41.06 | 26.99 | 1.87 | 0.02 | 25.31 |
| Quick ratio | 19.52 | 18.15 | 18.90 | 49.40 | 27.75 | 41.19 | 27.02 | 1.88 | 30.91 | 24.40 |
| Interest coverage | 1.0 | -1.9 | 0.5 | 1.6 | 3.1 | 0.4 | -2.8 | -1.2 | 25.9 | — |
| Working capital | $2.68B | $2.71B | $3.13B | $3.85B | $4.56B | $4.77B | $4.98B | $1.02B | −$41.2M | $1.56B |
| Invested capital | $3.36B | $3.26B | $4.68B | $4.27B | $6.07B | $5.84B | $7.85B | $8.00B | −$32.6M | $1.72B |
| Tangible asset value | $900.8M | $998.6M | $1.23B | $1.35B | $1.43B | $1.87B | $2.06B | $2.68B | −$432.2M | $1.24B |
| Net current asset value | $186.2M | $186.2M | $380.5M | $566.0M | $586.9M | $635.8M | −$36.5M | −$3.62B | −$430.8M | $1.06B |
| Graham number | — | — | — | $9.25 | — | — | — | — | — | $11.37 |
| Graham net-net per share | −$4.60 | −$4.47 | −$20.73 | −$23.33 | −$9.67 | −$16.26 | −$22.50 | −$45.38 | −$0.83 | $4.84 |
| Capital allocation | ||||||||||
| Dividends paid | $83.0M | $99.1M | $104.0M | $99.4M | $51.9M | $51.7M | $217.7M | $185.3M | $299.3M | $122.1M |
| Share buybacks (net) | $14.8M | $11.2M | $2.9M | $45.0M | $2.6M | $1.7M | $1.6M | $659,000 | $0 | — |
| Dividend payout ratio | — | — | — | 217.1% | — | — | — | — | 338.2% | 160.6% |
| Dividends + buybacks / free cash flow | 133.9% | 106.6% | 77.6% | 115.2% | — | 55.5% | 53.4% | 184.6% | 279.8% | 138.0% |
| Capex / revenue | 0.0% | 0.0% | 1.8% | 1.1% | 3.1% | 5.5% | 49.8% | 31.4% | 0.2% | 0.0% |
| Capex / operating cash flow | 0.0% | 0.0% | 5.1% | 3.2% | — | 24.1% | 199.6% | 147.7% | 0.3% | 0.1% |
| Capex / depreciation | 0.00 | 0.00 | 0.21 | 0.12 | 0.27 | 0.39 | 2.65 | 1.63 | 0.03 | 0.46 |
| Stock-based compensation / revenue | 3.9% | 3.4% | 3.6% | 2.2% | 4.3% | 1.0% | 2.0% | 1.5% | −16.5% | — |
| R&D / revenue | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| SG&A / revenue | 10.6% | 10.0% | 10.1% | 9.2% | 19.9% | 13.3% | 13.5% | 14.8% | 7.7% | 10.9% |
| Efficiency | ||||||||||
| Days sales outstanding | 2,783.0 | 1,287.5 | 38.2 | 1,817.4 | 3,263.1 | 2,103.9 | 894.9 | 520.3 | 3,143.5 | 3,925.1 |
| Days of inventory on hand | — | — | 10.2 | 12.9 | -27.4 | -17.2 | -6.4 | -943.3 | -7,830.3 | 793.1 |
| Days payables outstanding | 47.4 | 34.4 | 29.8 | 38.9 | 49.0 | 37.3 | 33.8 | 23.6 | 41.4 | 41.2 |
| Cash conversion cycle (days) | 2,735.6 | 1,253.1 | 18.6 | 1,791.4 | 3,186.7 | 2,049.4 | 854.7 | -446.6 | -4,728.2 | 4,677.0 |
| Receivables turnover | 0.13 | 0.28 | 9.55 | 0.20 | 0.11 | 0.17 | 0.41 | 0.70 | 0.12 | 0.09 |
| Payables turnover | 7.70 | 10.61 | 12.25 | 9.39 | 7.45 | 9.78 | 10.81 | 15.49 | 8.82 | 8.85 |
| Inventory turnover | — | — | — | 28.23 | — | — | — | — | — | 0.46 |
| Asset turnover | 0.09 | 0.09 | 0.09 | 0.07 | 0.05 | 0.06 | 0.07 | 0.11 | 0.18 | 0.08 |
| Average receivables | $2.53B | $1.22B | $41.1M | $1.79B | $2.89B | $2.45B | $1.35B | $674.8M | $1.41B | $1.52B |
| Average payables | $21.7M | $17.7M | $16.3M | $17.6M | $17.6M | $21.7M | $28.7M | $16.3M | $3.3M | $3.0M |
| Average inventory | — | — | $5.6M | $5.9M | −$9.9M | −$10.0M | −$5.4M | −$654.1M | −$622.1M | $58.5M |
| Intangibles / total assets | 0.8% | 1.3% | 1.1% | 0.9% | 1.2% | 1.5% | 1.9% | 1.9% | 103.7% | 0.0% |
Computed from BRSP's annual financial statements (latest annual report filed February 18, 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.
BRSP valuation and financial ratios
BrightSpire Capital earned a return on equity of −3.1% and a return on invested capital of 3.1% in fiscal 2025. It ended the year with $2.5 billion of debt and $66.8 million in cash and short-term investments, net debt of $2.4 billion. It returned $97.8 million to shareholders: $83.0 million in dividends and $14.8 million in share buybacks, 134% of free cash flow.
See the BRSP income statement, the BRSP chart for price history, or the BRSP stock overview for the latest quote and news.
BRSP key metrics FAQ
What is BrightSpire Capital's EV/EBITDA?
BrightSpire Capital's enterprise value was 28.2 times EBITDA at the end of fiscal 2025 (enterprise value $3.1 billion, EBITDA $111.0 million); the current EV/EBITDA is 165.0.
What is BrightSpire Capital's return on equity?
BrightSpire Capital's return on equity (ROE) was −3.1% in fiscal 2025: net income of -$31.1 million on average shareholders' equity of $993.3 million.
What is BrightSpire Capital's ROIC?
BrightSpire Capital's return on invested capital was 3.1% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does BrightSpire Capital have?
BrightSpire Capital had total debt of $2.5 billion at the end of fiscal 2025, a debt-to-equity ratio of 2.65 and $2.4 billion of net debt (21.84 times EBITDA).
What is BrightSpire Capital's dividend yield?
BrightSpire Capital's forward dividend yield is 17.34%. BrightSpire Capital paid $83.0 million in dividends in fiscal 2025 ($0.65 per share), a payout ratio of —.
Does BrightSpire Capital buy back its shares?
Yes. BrightSpire Capital spent $14.8 million on net share repurchases in fiscal 2025 Shares outstanding changed −0.4% over the year, to 126.9M..
What is BrightSpire Capital's free cash flow yield?
BrightSpire Capital generated $73.0 million of free cash flow in fiscal 2025, a free cash flow yield of 10.3% on its market value at year-end ($710.5 million).
What is BrightSpire Capital's current ratio?
BrightSpire Capital's current ratio was 19.52 at the end of fiscal 2025: current assets were 19.52 times current liabilities.