BT Brands, Inc. (BTBD) Key Metrics
BTBD valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $10.1M
- Enterprise value
- $10.4M
- P/E (TTM)
- —
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 0.8 10-yr median 0.9
- Price / book
- 1.8 10-yr median 1.3
- EV / EBITDA
- 73.8
- Dividend yield
- —
- Beta
- 0.52
BTBD key metrics, 2014–2025
Fiscal year ended December 31, 2025 · U.S. dollarsBTBD valuation Price multiples at each fiscal year-end price.
BTBD returns How much profit the business earns on the capital it uses.
BTBD per-share figures Results divided by the shares outstanding at year-end.
BTBD financial health Debt, liquidity and how easily interest is covered.
BTBD efficiency & capital use Working capital cycle and where the cash goes.
BTBD valuation history
BTBD returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
BTBD debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
BTBD cash returned to shareholders
BTBD price vs earnings per share
BTBD key metrics
2014–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $8.6M | $8.9M | $15.7M | $11.8M | $12.9M | — | — | — | — | — |
| Enterprise value | $5.9M | $8.7M | $13.3M | $9.3M | $3.6M | — | — | — | — | — |
| P/E ratio | — | — | — | — | 21.3 | — | — | — | — | — |
| Price / sales | 0.6 | 0.6 | 1.1 | 0.9 | 1.5 | — | — | — | — | — |
| Price / book | 1.3 | 1.3 | 1.7 | 1.2 | 1.2 | — | — | — | — | — |
| Price / free cash flow | 76.4 | — | — | — | 21.3 | — | — | — | — | — |
| Price / operating cash flow | 30.0 | — | — | 55.7 | 15.9 | — | — | — | — | — |
| EV / sales | 0.4 | 0.6 | 0.9 | 0.7 | 0.4 | — | — | — | — | — |
| EV / EBITDA | 138.2 | — | — | — | 2.9 | — | — | — | — | — |
| EV / free cash flow | 52.5 | — | — | — | 5.9 | — | — | — | — | — |
| Earnings yield | −8.0% | −25.9% | −5.7% | −4.8% | 4.7% | — | — | — | — | — |
| Free cash flow yield | 1.3% | −13.6% | −4.8% | −2.3% | 4.7% | — | — | — | — | — |
| Dividend yield | — | — | — | 0.6% | — | — | — | — | — | — |
| Shareholder yield (dividends + buybacks) | 1.7% | 1.6% | 1.6% | 1.5% | — | — | — | — | — | — |
| Share price at fiscal year-end | $1.39 | $1.44 | $2.50 | $1.83 | $2.95 | — | — | — | — | — |
| Per share | ||||||||||
| Revenue per share | $2.19 | $2.39 | $2.25 | $1.95 | $1.93 | $2.02 | $1.60 | $1.74 | $1.76 | $0.97 |
| Earnings per share | −$0.11 | −$0.37 | −$0.14 | −$0.09 | $0.14 | $0.20 | −$0.09 | $0.01 | −$0.06 | $0.05 |
| Operating cash flow per share | $0.05 | −$0.12 | −$0.04 | $0.03 | $0.19 | $0.35 | $0.01 | $0.01 | $0.07 | $0.05 |
| Free cash flow per share | $0.02 | −$0.20 | −$0.12 | −$0.04 | $0.14 | $0.31 | $0.01 | −$0.00 | −$0.04 | $0.04 |
| Cash per share | $0.72 | $0.69 | $1.07 | $1.26 | $2.83 | $0.33 | $0.06 | $0.16 | $0.06 | $0.05 |
| Book value per share | $1.04 | $1.12 | $1.47 | $1.57 | $2.43 | −$0.17 | −$0.35 | −$0.26 | −$0.38 | $0.00 |
| Tangible book value per share | $0.86 | $0.94 | $1.30 | $1.40 | $2.43 | −$0.17 | −$0.35 | −$0.26 | −$0.38 | $0.00 |
| Dividends per share | — | — | — | $0.01 | — | — | $0.00 | $0.01 | $0.01 | $0.03 |
| Capex per share | $0.03 | $0.08 | $0.08 | $0.07 | $0.05 | $0.04 | $0.04 | $0.02 | $0.11 | $0.01 |
| Debt per share | $0.29 | $0.65 | $0.70 | $0.87 | $0.69 | $0.79 | $0.87 | $0.93 | $0.95 | $0.16 |
| Shares outstanding | 6.2M | 6.2M | 6.3M | 6.5M | 4.4M | 4.0M | 4.0M | 4.0M | 4.0M | 5.5M |
| Change in shares outstanding | −0.6% | −1.1% | −3.1% | +47.4% | +8.3% | +0.1% | −0.1% | +0.0% | −26.4% | 0.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −10.3% | −28.6% | −9.2% | −5.4% | 12.2% | — | — | — | — | — |
| Return on invested capital (ROIC) | −5.9% | −19.8% | −15.0% | −7.0% | 61.3% | 30.3% | −15.1% | 7.0% | −1.3% | 32.4% |
| Return on assets (ROA) | −6.0% | −17.4% | −5.7% | −3.6% | 6.8% | 26.3% | −12.5% | 0.7% | −12.5% | 20.7% |
| Return on tangible assets | −7.1% | −21.3% | −6.6% | −3.6% | 4.2% | 23.4% | −14.0% | 0.6% | −8.9% | 21.3% |
| Free cash flow margin | 0.8% | −8.2% | −5.3% | −2.1% | 7.2% | 15.2% | 0.8% | −0.2% | −2.4% | 3.8% |
| Income quality (OCF / net income) | — | — | — | — | 1.34 | 1.76 | — | 2.36 | — | 1.07 |
| Financial health | ||||||||||
| Total debt | $1.8M | $4.0M | $4.4M | $5.6M | $3.0M | $3.2M | $3.5M | $3.8M | $3.8M | $853,346 |
| Cash & short-term investments | $4.4M | $4.3M | $6.7M | $8.1M | $12.4M | $1.3M | $258,101 | $663,511 | $241,050 | $259,989 |
| Net debt | −$2.7M | −$222,815 | −$2.3M | −$2.5M | −$9.4M | $1.9M | $3.2M | $3.1M | $3.6M | $593,357 |
| Debt / equity | 0.27 | 0.58 | 0.48 | 0.56 | 0.28 | — | — | — | — | 271.94 |
| Debt / assets | 0.16 | 0.34 | 0.30 | 0.34 | 0.21 | 0.94 | 1.33 | 1.15 | 1.34 | 0.70 |
| Net debt / EBITDA | −63.13 | — | — | — | −7.72 | 1.45 | — | 7.08 | 19.19 | 1.56 |
| Current ratio | 4.84 | 3.46 | 4.66 | 4.15 | 13.58 | 1.36 | 0.42 | 1.08 | 0.42 | 0.64 |
| Quick ratio | 4.65 | 3.28 | 4.53 | 4.08 | 13.49 | 1.30 | 0.35 | 1.00 | 0.33 | 0.55 |
| Interest coverage | -4.8 | -17.1 | -14.2 | -3.4 | 5.7 | 3.0 | -1.8 | 1.4 | — | — |
| Working capital | $4.7M | $3.6M | $5.7M | $6.7M | $11.6M | $371,693 | −$468,326 | $58,780 | −$469,558 | −$187,529 |
| Invested capital | $3.7M | $6.7M | $6.9M | $7.6M | $1.2M | $1.2M | $1.8M | $2.1M | $2.1M | $596,495 |
| Tangible asset value | $5.3M | $5.8M | $8.1M | $9.0M | $10.6M | −$702,323 | −$1.4M | −$1.0M | −$1.5M | $3,138 |
| Net current asset value | $1.6M | −$32,166 | $1.8M | $2.2M | $8.7M | −$2.7M | −$3.7M | −$3.5M | −$4.1M | −$879,561 |
| Graham number | — | — | — | — | $2.75 | — | — | — | — | $0.02 |
| Graham net-net per share | $0.04 | −$0.09 | $0.22 | $0.26 | $1.96 | −$0.67 | −$0.92 | −$0.89 | −$1.01 | −$0.17 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | $74,866 | — | — | $0 | $29,572 | $44,154 | $166,984 |
| Share buybacks (net) | $142,794 | $142,794 | $250,525 | $107,012 | — | $258,101 | — | $0 | — | — |
| Dividend payout ratio | — | — | — | — | — | — | — | 142.2% | — | 64.3% |
| Dividends + buybacks / free cash flow | 127.6% | — | — | — | — | 20.8% | 0.0% | — | — | 82.3% |
| Capex / revenue | 1.3% | 3.3% | 3.5% | 3.8% | 2.5% | 1.9% | 2.4% | 0.9% | 6.5% | 1.4% |
| Capex / operating cash flow | 60.7% | — | — | 225.9% | 25.5% | 11.1% | 305.8% | 135.7% | 157.6% | 27.1% |
| Capex / depreciation | 0.27 | 0.67 | 0.82 | 1.07 | 0.89 | 0.82 | 0.73 | 0.30 | 2.21 | 0.75 |
| Stock-based compensation / revenue | 1.0% | 1.6% | 1.2% | 0.9% | 0.3% | 2.3% | 0.2% | — | — | — |
| SG&A / revenue | 20.4% | 30.3% | 30.4% | 22.1% | 13.0% | 17.1% | 19.7% | 19.0% | 8.7% | 8.4% |
| Efficiency | ||||||||||
| Days sales outstanding | 1.7 | 1.2 | 1.4 | 2.2 | 2.0 | 0.8 | 1.0 | 1.0 | 1.0 | 0.8 |
| Days of inventory on hand | 9.6 | 7.4 | 5.9 | 4.8 | 4.5 | 3.9 | 4.5 | 4.7 | 3.4 | 3.9 |
| Days payables outstanding | 16.3 | 18.2 | 16.6 | 15.0 | 18.1 | 19.9 | 23.6 | 23.0 | 13.6 | 14.0 |
| Cash conversion cycle (days) | -5.1 | -9.6 | -9.3 | -8.1 | -11.6 | -15.2 | -18.2 | -17.4 | -9.2 | -9.3 |
| Receivables turnover | 217.59 | 301.92 | 266.39 | 168.92 | 185.18 | 474.50 | 364.04 | 358.44 | 350.61 | 466.39 |
| Payables turnover | 22.41 | 20.10 | 22.03 | 24.25 | 20.16 | 18.32 | 15.44 | 15.84 | 26.82 | 26.15 |
| Inventory turnover | 38.19 | 49.52 | 61.47 | 75.52 | 80.94 | 92.76 | 81.98 | 78.48 | 108.42 | 93.73 |
| Asset turnover | 1.19 | 1.11 | 0.90 | 0.81 | 0.94 | 2.71 | 2.20 | 2.30 | 3.48 | 4.23 |
| Average receivables | $61,982 | $49,098 | $52,842 | $74,600 | $45,640 | $17,196 | $17,802 | $19,672 | $20,280 | $11,386 |
| Average payables | $428,642 | $583,653 | $501,926 | $370,289 | $281,230 | $296,171 | $305,257 | $320,240 | $242,794 | $156,968 |
| Average inventory | $251,523 | $236,968 | $179,842 | $118,930 | $70,043 | $58,504 | $57,508 | $64,640 | $60,054 | $43,788 |
| Intangibles / total assets | 10.3% | 9.7% | 7.3% | 6.7% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from BTBD's annual financial statements (latest annual report filed March 30, 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.
BTBD valuation and financial ratios
BT Brands earned a return on equity of −10.3% and a return on invested capital of −5.9% in fiscal 2025. It ended the year with $1.8 million of debt and $4.4 million in cash and short-term investments, a net cash position of $2.7 million. It returned $0.1 million to shareholders: $0 in dividends and $0.1 million in share buybacks, 128% of free cash flow. The share count rose 11.9% from 5.5M to 6.2M over 9 years.
See the BTBD income statement, the BTBD chart for price history, or the BTBD stock overview for the latest quote and news.
BTBD key metrics FAQ
What is BT Brands's EV/EBITDA?
BT Brands's enterprise value was 138.2 times EBITDA at the end of fiscal 2025 (enterprise value $5.9 million, EBITDA $0.0 million); the current EV/EBITDA is 73.8.
What is BT Brands's return on equity?
BT Brands's return on equity (ROE) was −10.3% in fiscal 2025: net income of -$0.7 million on average shareholders' equity of $6.7 million.
What is BT Brands's ROIC?
BT Brands's return on invested capital was −5.9% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does BT Brands have?
BT Brands had total debt of $1.8 million at the end of fiscal 2025, a debt-to-equity ratio of 0.27 and more cash than debt.
Does BT Brands buy back its shares?
Yes. BT Brands spent $0.1 million on net share repurchases in fiscal 2025 Shares outstanding changed −0.6% over the year, to 6.2M..
What is BT Brands's free cash flow yield?
BT Brands generated $0.1 million of free cash flow in fiscal 2025, a free cash flow yield of 1.3% on its market value at year-end ($8.6 million).
What is BT Brands's current ratio?
BT Brands's current ratio was 4.84 at the end of fiscal 2025: current assets were 4.84 times current liabilities.