Bankwell Financial Group, Inc. (BWFG) Key Metrics
BWFG valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $522.5M
- Enterprise value
- $403.4M
- P/E (TTM)
- 12.2 10-yr median 12.6
- Forward P/E
- 8.1
- PEG ratio
- —
- Price / sales
- 4.3 10-yr median 2.2
- Price / book
- 1.6 10-yr median 0.9
- EV / EBITDA
- — 10-yr median 9.2
- Dividend yield
- 1.22% $0.80 a year
- Beta
- 0.57
BWFG key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsBWFG valuation Price multiples at each fiscal year-end price.
BWFG returns How much profit the business earns on the capital it uses.
BWFG per-share figures Results divided by the shares outstanding at year-end.
BWFG financial health Debt, liquidity and how easily interest is covered.
BWFG efficiency & capital use Working capital cycle and where the cash goes.
BWFG valuation history
BWFG returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
BWFG debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
BWFG cash returned to shareholders
BWFG price vs earnings per share
BWFG key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $358.6M | $241.0M | $230.8M | $224.9M | $254.9M | $151.5M | $224.5M | $223.2M | $263.4M | $243.5M |
| Enterprise value | $311.1M | $75.2M | $112.7M | −$62.6M | −$40.2M | −$140.4M | $241.1M | $239.8M | $324.8M | $244.7M |
| P/E ratio | 10.2 | 24.7 | 6.3 | 6.0 | 9.6 | 25.7 | 12.3 | 12.8 | 19.0 | 19.7 |
| Price / sales | 1.7 | 1.2 | 1.2 | 1.9 | 2.9 | 1.9 | 2.5 | 2.7 | 3.5 | 3.8 |
| Price / book | 1.2 | 0.9 | 0.9 | 0.9 | 0.1 | 0.1 | 0.1 | 1.3 | 1.6 | 1.7 |
| Price / free cash flow | 13.2 | 8.2 | 7.7 | 2.9 | 7.4 | — | 37.5 | 13.4 | 14.1 | 27.1 |
| Price / operating cash flow | 12.7 | 8.1 | 7.2 | 2.7 | 7.4 | — | 33.9 | 11.2 | 12.8 | 14.0 |
| EV / sales | 1.5 | 0.4 | 0.6 | -0.5 | -0.5 | -1.7 | 2.7 | 2.9 | 4.3 | 3.8 |
| EV / EBITDA | 5.9 | 4.4 | 2.2 | — | — | — | 9.2 | 10.5 | 12.2 | 12.2 |
| EV / free cash flow | 11.5 | 2.6 | 3.8 | — | — | — | 40.3 | 14.4 | 17.4 | 27.3 |
| Earnings yield | 9.8% | 4.1% | 15.9% | 16.6% | 10.4% | 3.9% | 8.1% | 7.8% | 5.3% | 5.1% |
| Free cash flow yield | 7.6% | 12.2% | 12.9% | 34.6% | 13.6% | −1.0% | 2.7% | 7.4% | 7.1% | 3.7% |
| Dividend yield | 1.7% | 2.6% | 2.7% | 2.8% | 2.0% | 2.9% | 1.8% | 1.7% | 0.8% | 0.7% |
| Shareholder yield (dividends + buybacks) | 2.1% | 3.5% | 2.7% | 5.2% | 4.0% | 3.6% | 2.3% | 1.7% | 0.8% | 0.7% |
| Share price at fiscal year-end | $45.82 | $31.15 | $30.18 | $29.43 | $32.84 | $19.55 | $28.84 | $28.71 | $34.34 | $32.50 |
| Per share | ||||||||||
| Revenue per share | $26.54 | $25.29 | $25.28 | $15.84 | $11.21 | $10.37 | $11.33 | $10.80 | $9.89 | $8.50 |
| Earnings per share | $4.50 | $1.26 | $4.79 | $4.90 | $3.43 | $0.76 | $2.34 | $2.24 | $1.80 | $1.65 |
| Operating cash flow per share | $3.61 | $3.87 | $4.18 | $10.82 | $4.45 | −$0.20 | $0.85 | $2.57 | $2.68 | $2.32 |
| Free cash flow per share | $3.47 | $3.79 | $3.91 | $10.17 | $4.45 | −$0.20 | $0.77 | $2.14 | $2.44 | $1.20 |
| Cash per share | $29.03 | $42.04 | $36.26 | $58.71 | $49.19 | $63.75 | $20.62 | $21.68 | $21.22 | $24.53 |
| Book value per share | $38.52 | $34.96 | $34.75 | $31.21 | $305.58 | $265.02 | $219.28 | $22.40 | $20.99 | $19.48 |
| Tangible book value per share | $38.19 | $34.63 | $34.30 | $30.78 | $305.14 | $264.68 | $218.91 | $22.03 | $20.61 | $19.06 |
| Dividends per share | $0.80 | $0.81 | $0.82 | $0.81 | $0.65 | $0.57 | $0.52 | $0.48 | $0.28 | $0.22 |
| Capex per share | $0.15 | $0.08 | $0.27 | $0.65 | $0.64 | $0.64 | $0.08 | $0.43 | $0.24 | $1.12 |
| Debt per share | $22.96 | $20.61 | $20.82 | $21.09 | $11.17 | $26.08 | $22.75 | $23.81 | $29.22 | $24.70 |
| Shares outstanding | 7.8M | 7.7M | 7.6M | 7.6M | 7.8M | 7.7M | 7.8M | 7.8M | 7.7M | 7.5M |
| Change in shares outstanding | +1.1% | +1.2% | +0.1% | −1.6% | +0.2% | −0.5% | +0.1% | +1.4% | +2.4% | +4.9% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 12.3% | 3.6% | 14.5% | 2.9% | 1.2% | 0.3% | 1.9% | 10.4% | 9.0% | 8.9% |
| Return on invested capital (ROIC) | 19.6% | 7.7% | 74.3% | — | 1.4% | 0.3% | 1.9% | 8.4% | 7.5% | 7.4% |
| Return on assets (ROA) | 1.1% | 0.3% | 1.1% | 1.3% | 1.1% | 0.3% | 1.0% | 0.9% | 0.8% | 0.8% |
| Return on tangible assets | 1.0% | 0.3% | 1.1% | 1.2% | 1.1% | 0.3% | 1.0% | 0.9% | 0.8% | 0.8% |
| Free cash flow margin | 13.1% | 15.0% | 15.5% | 64.2% | 39.7% | −1.9% | 6.8% | 19.8% | 24.7% | 14.1% |
| Income quality (OCF / net income) | 0.80 | 3.06 | 0.87 | 2.21 | 1.30 | −0.26 | 0.36 | 1.15 | 1.49 | 1.41 |
| Financial health | ||||||||||
| Total debt | $179.7M | $159.5M | $159.2M | $161.1M | $86.7M | $202.1M | $177.1M | $185.2M | $224.1M | $185.1M |
| Cash & short-term investments | $227.2M | $325.3M | $277.3M | $448.6M | $381.8M | $493.9M | $160.5M | $168.6M | $162.7M | $183.8M |
| Net debt | −$47.5M | −$165.8M | −$118.1M | −$287.5M | −$295.1M | −$291.9M | $16.6M | $16.6M | $61.4M | $1.3M |
| Debt / equity | 0.60 | 0.59 | 0.60 | 0.68 | 0.04 | 0.10 | 0.10 | 1.06 | 1.39 | 1.27 |
| Debt / assets | 0.05 | 0.05 | 0.05 | 0.05 | 0.04 | 0.09 | 0.09 | 0.10 | 0.12 | 0.11 |
| Net debt / EBITDA | −0.90 | −9.69 | −2.29 | −5.60 | −7.88 | −27.59 | 0.63 | 0.72 | 2.30 | 0.06 |
| Current ratio | 1.89 | 0.12 | 0.11 | 62.20 | 0.23 | 0.41 | 0.20 | 0.12 | 0.12 | 0.15 |
| Quick ratio | 1.89 | 0.12 | 1.00 | 111.88 | 0.44 | 0.75 | 0.30 | 0.12 | 0.12 | 0.15 |
| Interest coverage | 0.5 | 0.1 | 0.5 | 2.1 | 2.5 | 0.3 | 0.8 | 0.9 | 1.5 | 1.5 |
| Working capital | $1.44B | −$2.45B | −$2.44B | $454.2M | −$1.30B | −$719.4M | −$660.8M | −$1.34B | −$1.24B | −$1.11B |
| Invested capital | $254.0M | $104.7M | $147.7M | −$49.0M | $2.08B | $1.76B | $1.72B | $190.8M | $222.4M | $147.2M |
| Tangible asset value | $298.9M | $267.9M | $262.3M | $235.1M | $2.37B | $2.05B | $1.70B | $171.3M | $158.1M | $142.8M |
| Net current asset value | −$10.6M | −$2.66B | −$2.66B | −$2.55B | $304.9M | $300.3M | −$8.8M | −$1.52B | −$1.47B | −$1.29B |
| Graham number | $62.44 | $31.51 | $61.23 | $58.66 | $153.46 | $67.41 | $107.45 | $33.62 | $29.18 | $26.88 |
| Graham net-net per share | −$91.46 | −$343.99 | −$507.07 | −$358.62 | $16.20 | $11.52 | −$6.71 | −$196.29 | −$191.45 | −$172.93 |
| Capital allocation | ||||||||||
| Dividends paid | $6.3M | $6.3M | $6.2M | $6.2M | $5.0M | $4.4M | $4.1M | $3.8M | $2.1M | $1.7M |
| Share buybacks (net) | $1.3M | $2.1M | $0 | $5.5M | $5.1M | $1.0M | $988,000 | $0 | $0 | $0 |
| Dividend payout ratio | 17.8% | 64.3% | 17.0% | 16.5% | 18.9% | 74.3% | 22.4% | 21.6% | 15.5% | 13.4% |
| Dividends + buybacks / free cash flow | 28.0% | 28.7% | 20.9% | 15.1% | 29.2% | — | 84.6% | 22.6% | 11.5% | 18.5% |
| Capex / revenue | 0.6% | 0.3% | 1.1% | 4.1% | 5.7% | 6.2% | 0.7% | 4.0% | 2.5% | 13.2% |
| Capex / operating cash flow | 4.0% | 2.0% | 6.4% | 6.0% | 14.3% | — | 9.7% | 16.8% | 9.1% | 48.4% |
| Capex / depreciation | 0.28 | 0.16 | 0.56 | 1.47 | 1.38 | 1.51 | 0.19 | 1.93 | 1.24 | 4.86 |
| Stock-based compensation / revenue | 1.1% | 1.5% | 1.6% | 2.0% | 2.1% | 2.2% | 1.2% | 1.5% | 1.2% | 1.9% |
| SG&A / revenue | 16.8% | 15.0% | 16.2% | 21.2% | 24.4% | 29.8% | 24.2% | 26.7% | 25.7% | 28.5% |
| Efficiency | ||||||||||
| Days sales outstanding | 2,491.0 | 27.4 | 26.4 | 31.0 | 29.5 | 28.5 | 25.5 | 26.7 | 26.2 | 25.9 |
| Days of inventory on hand | — | — | -5,390.0 | -4,608.6 | -10,505.4 | -3,032.7 | -1,035.1 | — | — | 17.5 |
| Days payables outstanding | — | — | — | -3,069.1 | 29,530.0 | 496.1 | 275.7 | 168.8 | 221.0 | 180.0 |
| Cash conversion cycle (days) | — | — | — | -1,508.4 | -40,005.8 | -3,500.3 | -1,285.2 | -142.1 | -192.1 | -136.6 |
| Receivables turnover | 0.15 | 13.31 | 13.84 | 11.76 | 12.35 | 12.82 | 14.30 | 13.67 | 13.95 | 14.10 |
| Payables turnover | — | — | — | — | 0.01 | 0.74 | 1.32 | 2.16 | 1.65 | 2.03 |
| Inventory turnover | — | — | — | — | — | — | — | — | — | 20.81 |
| Asset turnover | 0.06 | 0.06 | 0.06 | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 | 0.04 | 0.04 |
| Average receivables | $1.42B | $14.7M | $14.0M | $10.3M | $7.0M | $6.3M | $6.2M | $6.1M | $5.4M | $4.5M |
| Average payables | — | — | — | −$240.8M | $1.09B | $41.1M | $22.4M | $12.6M | $11.0M | $7.8M |
| Average inventory | — | — | −$1.40B | −$361.6M | −$386.6M | −$251.4M | −$84.0M | — | $136,000 | $760,000 |
| Intangibles / total assets | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.2% | 0.2% | 0.2% |
Computed from BWFG's annual financial statements (latest annual report filed March 4, 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.
BWFG valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Bankwell Financial traded at 10.2 times earnings, against a 10-year median of 12.6. Based on the latest twelve months, the trailing P/E is 12.2 and the forward P/E is 8.1. Bankwell Financial earned a return on equity of 12.3% and a return on invested capital of 19.6% in fiscal 2025. It ended the year with $179.7 million of debt and $227.2 million in cash and short-term investments, a net cash position of $47.5 million. It returned $7.6 million to shareholders: $6.3 million in dividends and $1.3 million in share buybacks, 28% of free cash flow. The share count rose 4.5% from 7.5M to 7.8M over 9 years.
See the BWFG income statement, the BWFG chart for price history, or the BWFG stock overview for the latest quote and news.
BWFG key metrics FAQ
What is Bankwell Financial's P/E ratio?
Bankwell Financial's trailing P/E ratio is 12.2 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 8.1. At the end of fiscal 2025 it was 10.2, compared with a 10-year median of 12.6.
What is Bankwell Financial's EV/EBITDA?
Bankwell Financial's enterprise value was 5.9 times EBITDA at the end of fiscal 2025 (enterprise value $311.1 million, EBITDA $52.6 million).
What is Bankwell Financial's return on equity?
Bankwell Financial's return on equity (ROE) was 12.3% in fiscal 2025: net income of $35.2 million on average shareholders' equity of $286.0 million.
What is Bankwell Financial's ROIC?
Bankwell Financial's return on invested capital was 19.6% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Bankwell Financial have?
Bankwell Financial had total debt of $179.7 million at the end of fiscal 2025, a debt-to-equity ratio of 0.60 and more cash than debt.
What is Bankwell Financial's dividend yield?
Bankwell Financial's forward dividend yield is 1.22%. Bankwell Financial paid $6.3 million in dividends in fiscal 2025 ($0.80 per share), a payout ratio of 17.8%.
Does Bankwell Financial buy back its shares?
Yes. Bankwell Financial spent $1.3 million on net share repurchases in fiscal 2025 Shares outstanding changed +1.1% over the year, to 7.8M..
What is Bankwell Financial's free cash flow yield?
Bankwell Financial generated $27.1 million of free cash flow in fiscal 2025, a free cash flow yield of 7.6% on its market value at year-end ($358.6 million).
What is Bankwell Financial's current ratio?
Bankwell Financial's current ratio was 1.89 at the end of fiscal 2025: current assets were 1.89 times current liabilities.