Webull Corp (BULL) Key Metrics
BULL valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $3.28B
- Enterprise value
- $3.28B
- P/E (TTM)
- 75.9 10-yr median 124.5
- Forward P/E
- 19.6
- PEG ratio
- —
- Price / sales
- 4.9 10-yr median 12.4
- Price / book
- 4.0
- EV / EBITDA
- 40.8 10-yr median 60.4
- Dividend yield
- —
- Beta
- 0.65
BULL key metrics, 2021–2025
Fiscal year ended December 31, 2025 · U.S. dollarsBULL valuation Price multiples at each fiscal year-end price.
BULL returns How much profit the business earns on the capital it uses.
BULL per-share figures Results divided by the shares outstanding at year-end.
BULL financial health Debt, liquidity and how easily interest is covered.
BULL efficiency & capital use Working capital cycle and where the cash goes.
BULL valuation history
BULL returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
BULL debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
BULL cash returned to shareholders
BULL price vs earnings per share
BULL key metrics
2021–2025| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Valuation | |||||
| Market capitalization | $3.08B | $5.34B | $4.97B | $4.68B | — |
| Enterprise value | $2.34B | $4.98B | $4.57B | $4.26B | — |
| P/E ratio | 124.5 | — | 818.9 | 93.4 | — |
| Price / sales | 5.4 | 13.7 | 12.8 | 12.0 | — |
| Price / book | 3.0 | — | — | 9.1 | — |
| Price / free cash flow | 5.5 | 29.2 | 10.7 | — | — |
| Price / operating cash flow | 5.4 | 28.8 | 10.6 | — | — |
| EV / sales | 4.1 | 12.8 | 11.7 | 11.0 | — |
| EV / EBITDA | 43.4 | — | 198.9 | 60.4 | — |
| EV / free cash flow | 4.2 | 27.2 | 9.8 | — | — |
| Earnings yield | 0.8% | −0.4% | 0.1% | 1.1% | — |
| Free cash flow yield | 18.2% | 3.4% | 9.4% | −1.3% | — |
| Shareholder yield (dividends + buybacks) | 0.6% | 0.0% | 0.0% | 1.2% | — |
| Share price at fiscal year-end | $7.77 | $11.62 | $10.82 | $10.18 | — |
| Per share | |||||
| Revenue per share | $1.44 | $0.85 | $0.85 | $0.85 | $0.00 |
| Earnings per share | $0.06 | −$0.05 | $0.01 | $0.11 | −$0.00 |
| Operating cash flow per share | $1.43 | $0.40 | $1.02 | −$0.07 | — |
| Free cash flow per share | $1.41 | $0.40 | $1.01 | −$0.14 | — |
| Cash per share | $2.08 | $0.83 | $0.91 | $0.95 | — |
| Book value per share | $2.56 | −$4.91 | −$3.84 | $1.12 | — |
| Tangible book value per share | $2.34 | −$4.97 | −$3.90 | $1.08 | — |
| Capex per share | $0.01 | $0.01 | $0.01 | $0.07 | — |
| Debt per share | $0.20 | $0.03 | $0.03 | $0.04 | — |
| Shares outstanding | 397.0M | 459.4M | 459.4M | 459.4M | 500.0M |
| Change in shares outstanding | −13.6% | 0.0% | 0.0% | −8.1% | — |
| Returns & profitability | |||||
| Return on equity (ROE) | — | — | — | 9.8% | — |
| Return on invested capital (ROIC) | — | — | — | 37.1% | — |
| Return on assets (ROA) | 0.8% | −1.4% | 0.5% | 4.6% | — |
| Return on tangible assets | 0.7% | −1.1% | 0.5% | 4.7% | — |
| Free cash flow margin | 98.3% | 46.8% | 119.6% | −16.2% | — |
| Income quality (OCF / net income) | 22.87 | — | 77.54 | −0.62 | — |
| Financial health | |||||
| Total debt | $77.5M | $15.4M | $13.1M | $17.4M | — |
| Cash & short-term investments | $825.5M | $379.0M | $417.9M | $436.7M | — |
| Net debt | −$748.0M | −$363.6M | −$404.8M | −$419.3M | — |
| Debt / equity | 0.08 | — | — | 0.03 | — |
| Debt / assets | 0.02 | 0.01 | 0.01 | 0.02 | — |
| Net debt / EBITDA | −13.89 | — | −17.63 | −5.95 | — |
| Current ratio | 1.33 | 1.34 | 1.74 | 1.82 | — |
| Quick ratio | 1.33 | 1.34 | 1.74 | 1.82 | — |
| Interest coverage | 10.7 | -116.9 | — | — | — |
| Working capital | $907.5M | $485.6M | $502.2M | $462.5M | — |
| Invested capital | $268.3M | −$2.62B | −$2.17B | $94.2M | — |
| Tangible asset value | $930.8M | −$2.28B | −$1.79B | $495.5M | — |
| Net current asset value | $820.2M | −$2.39B | −$1.84B | $447.4M | — |
| Graham number | $1.90 | — | — | $1.66 | — |
| Graham net-net per share | −$2.69 | −$7.65 | −$5.50 | −$0.21 | — |
| Capital allocation | |||||
| Share buybacks (net) | $20.0M | $0 | $0 | $55.0M | — |
| Dividends + buybacks / free cash flow | 3.6% | 0.0% | 0.0% | — | — |
| Capex / revenue | 0.9% | 0.6% | 1.2% | 8.1% | — |
| Capex / operating cash flow | 0.9% | 1.3% | 1.0% | — | — |
| Capex / depreciation | 1.53 | 0.69 | 1.64 | 6.62 | — |
| Stock-based compensation / revenue | 7.7% | 8.4% | 7.5% | 7.7% | — |
| R&D / revenue | 13.9% | 16.4% | 13.4% | 12.0% | — |
| SG&A / revenue | 52.8% | 65.3% | 62.5% | 54.0% | — |
| Efficiency | |||||
| Days sales outstanding | 597.6 | 316.3 | 75.4 | 56.0 | — |
| Days payables outstanding | 5,776.5 | 4,667.9 | 1,986.7 | 506.0 | — |
| Cash conversion cycle (days) | -5,178.9 | -4,351.6 | -1,911.3 | -450.1 | — |
| Receivables turnover | 0.61 | 1.15 | 4.84 | 6.52 | — |
| Payables turnover | 0.06 | 0.08 | 0.18 | 0.72 | — |
| Asset turnover | 0.19 | 0.23 | 0.33 | 0.36 | — |
| Average receivables | $934.9M | $338.2M | $80.5M | $59.5M | — |
| Average payables | $2.04B | $1.01B | $361.5M | $82.9M | — |
| Intangibles / total assets | 2.2% | 1.2% | 2.1% | 1.7% | — |
Computed from BULL's annual financial statements (latest annual report filed March 10, 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.
BULL valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Webull traded at 124.5 times earnings, against a 5-year median of 124.5. Based on the latest twelve months, the trailing P/E is 75.9 and the forward P/E is 19.6. It ended the year with $77.5 million of debt and $825.5 million in cash and short-term investments, a net cash position of $748.0 million. It returned $20.0 million to shareholders: $0 in dividends and $20.0 million in share buybacks, 4% of free cash flow. The share count fell 20.6% from 500.0M to 397.0M over 4 years.
See the BULL income statement, the BULL chart for price history, or the BULL stock overview for the latest quote and news.
BULL key metrics FAQ
What is Webull's P/E ratio?
Webull's trailing P/E ratio is 75.9 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 19.6. At the end of fiscal 2025 it was 124.5, compared with a 5-year median of 124.5.
What is Webull's EV/EBITDA?
Webull's enterprise value was 43.4 times EBITDA at the end of fiscal 2025 (enterprise value $2.3 billion, EBITDA $53.9 million); the current EV/EBITDA is 40.8.
How much debt does Webull have?
Webull had total debt of $77.5 million at the end of fiscal 2025, a debt-to-equity ratio of 0.08 and more cash than debt.
Does Webull buy back its shares?
Yes. Webull spent $20.0 million on net share repurchases in fiscal 2025 Shares outstanding changed −13.6% over the year, to 397.0M..
What is Webull's free cash flow yield?
Webull generated $561.5 million of free cash flow in fiscal 2025, a free cash flow yield of 18.2% on its market value at year-end ($3.1 billion).
What is Webull's current ratio?
Webull's current ratio was 1.33 at the end of fiscal 2025: current assets were 1.33 times current liabilities.