Certara, Inc. (CERT) Key Metrics
CERT valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $1.43B
- Enterprise value
- $1.43B
- P/E (TTM)
- —
- Forward P/E
- 27.2
- PEG ratio
- —
- Price / sales
- 3.4 10-yr median 7.8
- Price / book
- 1.4 10-yr median 2.5
- EV / EBITDA
- 17.4 10-yr median 52.2
- Dividend yield
- —
- Beta
- 1.43
CERT key metrics, 2018–2025
Fiscal year ended December 31, 2025 · U.S. dollarsCERT valuation Price multiples at each fiscal year-end price.
CERT returns How much profit the business earns on the capital it uses.
CERT per-share figures Results divided by the shares outstanding at year-end.
CERT financial health Debt, liquidity and how easily interest is covered.
CERT efficiency & capital use Working capital cycle and where the cash goes.
CERT valuation history
CERT returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
CERT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
CERT cash returned to shareholders
CERT price vs earnings per share
CERT key metrics
2018–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||
| Market capitalization | $1.41B | $1.71B | $2.80B | $2.56B | $4.26B | $5.16B | — | — |
| Enterprise value | $1.24B | $1.84B | $2.86B | $2.63B | $4.38B | $5.19B | — | — |
| P/E ratio | — | — | — | 173.8 | — | — | — | — |
| Price / sales | 3.4 | 4.4 | 7.9 | 7.6 | 14.9 | 21.2 | — | — |
| Price / book | 1.3 | 1.6 | 2.7 | 2.4 | 4.1 | 6.3 | — | — |
| Price / free cash flow | 20.3 | 28.7 | 41.5 | 32.0 | 82.7 | 139.9 | — | — |
| Price / operating cash flow | 14.7 | 21.2 | 33.8 | 27.7 | 70.5 | 115.1 | — | — |
| EV / sales | 2.9 | 4.8 | 8.1 | 7.8 | 15.3 | 21.3 | — | — |
| EV / EBITDA | 12.0 | 25.4 | 120.1 | 29.6 | 74.8 | 290.3 | — | — |
| EV / free cash flow | 17.7 | 31.0 | 42.5 | 32.9 | 85.1 | 140.7 | — | — |
| Earnings yield | −0.1% | −0.7% | −2.0% | 0.6% | −0.3% | −1.0% | — | — |
| Free cash flow yield | 4.9% | 3.5% | 2.4% | 3.1% | 1.2% | 0.7% | — | — |
| Dividend yield | — | — | — | — | 0.0% | 0.4% | — | — |
| Shareholder yield (dividends + buybacks) | 3.0% | 0.5% | 0.2% | 0.1% | 0.0% | 0.4% | — | — |
| Share price at fiscal year-end | $8.81 | $10.65 | $17.59 | $16.07 | $28.42 | $33.72 | — | — |
| Per share | ||||||||
| Revenue per share | $2.61 | $2.40 | $2.23 | $2.11 | $1.91 | $1.59 | $1.33 | $1.24 |
| Earnings per share | −$0.01 | −$0.08 | −$0.35 | $0.09 | −$0.09 | −$0.32 | −$0.06 | −$0.25 |
| Operating cash flow per share | $0.60 | $0.50 | $0.52 | $0.58 | $0.40 | $0.29 | $0.24 | $0.09 |
| Free cash flow per share | $0.43 | $0.37 | $0.42 | $0.50 | $0.34 | $0.24 | $0.18 | $0.00 |
| Cash per share | $1.18 | $1.12 | $1.48 | $1.48 | $1.24 | $1.77 | $0.19 | $0.09 |
| Book value per share | $6.63 | $6.60 | $6.59 | $6.78 | $6.95 | $5.37 | $3.13 | $3.72 |
| Tangible book value per share | −$0.99 | −$1.14 | −$0.98 | −$0.78 | −$1.16 | −$0.61 | −$2.87 | −$3.63 |
| Dividends per share | — | — | — | — | $0.00 | $0.13 | $0.00 | $0.57 |
| Capex per share | $0.17 | $0.13 | $0.10 | $0.08 | $0.06 | $0.05 | $0.06 | $0.09 |
| Debt per share | $0.07 | $1.94 | $1.90 | $1.93 | $2.06 | $1.96 | $2.55 | $3.08 |
| Shares outstanding | 160.4M | 160.4M | 158.9M | 159.4M | 149.8M | 153.0M | 157.3M | 132.4M |
| Change in shares outstanding | +0.0% | +0.9% | −0.3% | +6.3% | −2.1% | −2.8% | +18.8% | — |
| Returns & profitability | ||||||||
| Return on equity (ROE) | −0.2% | −1.1% | −5.2% | 1.4% | −1.4% | −7.5% | −1.8% | −6.7% |
| Return on invested capital (ROIC) | 1.0% | −0.1% | −2.8% | 2.2% | 1.1% | −2.3% | 1.8% | −0.4% |
| Return on assets (ROA) | −0.1% | −0.8% | −3.5% | 1.0% | −1.0% | −4.3% | −0.9% | −3.2% |
| Return on tangible assets | −0.5% | −3.6% | −15.4% | 4.0% | −4.5% | −13.9% | −9.5% | −42.9% |
| Free cash flow margin | 16.7% | 15.4% | 19.0% | 23.8% | 18.0% | 15.1% | 13.7% | 0.1% |
| Income quality (OCF / net income) | — | — | — | 6.28 | — | — | — | — |
| Financial health | ||||||||
| Total debt | $11.4M | $311.9M | $302.6M | $308.1M | $308.4M | $299.4M | $401.4M | $408.3M |
| Cash & short-term investments | $189.4M | $179.2M | $235.0M | $236.6M | $185.8M | $271.4M | $29.3M | $11.7M |
| Net debt | −$178.0M | $132.7M | $67.6M | $71.5M | $122.6M | $28.0M | $372.1M | $396.6M |
| Debt / equity | 0.01 | 0.29 | 0.29 | 0.29 | 0.30 | 0.36 | 0.82 | 0.83 |
| Debt / assets | 0.01 | 0.20 | 0.19 | 0.20 | 0.20 | 0.24 | 0.39 | 0.39 |
| Net debt / EBITDA | −1.74 | 1.83 | 2.84 | 0.80 | 2.09 | 1.57 | 6.16 | 12.30 |
| Current ratio | 2.05 | 2.13 | 2.62 | 3.32 | 2.98 | 4.60 | 1.39 | 1.05 |
| Quick ratio | 2.05 | 2.13 | 2.65 | 3.29 | 2.97 | 4.57 | 1.32 | 0.97 |
| Interest coverage | 1.1 | -0.1 | -1.8 | 1.8 | 0.8 | -1.0 | 0.7 | -0.2 |
| Working capital | $161.7M | $164.8M | $210.2M | $239.1M | $182.5M | $271.2M | $24.5M | $3.5M |
| Invested capital | $884.8M | $1.19B | $1.11B | $1.15B | $1.16B | $850.1M | $864.2M | $889.4M |
| Tangible asset value | −$158.0M | −$183.6M | −$156.5M | −$124.9M | −$173.3M | −$92.9M | −$450.9M | −$481.1M |
| Net current asset value | −$178.7M | −$205.6M | −$176.1M | −$151.0M | −$195.2M | −$100.7M | −$457.5M | −$489.8M |
| Graham number | — | — | — | $3.75 | — | — | — | — |
| Graham net-net per share | −$1.35 | −$1.55 | −$1.34 | −$1.18 | −$1.50 | −$0.83 | −$3.01 | −$3.83 |
| Capital allocation | ||||||||
| Dividends paid | — | — | — | — | $272,000 | $19.9M | $703,000 | $75.0M |
| Share buybacks (net) | $42.6M | $8.7M | $6.4M | $3.0M | $272,000 | $1.1M | $703,000 | $1.1M |
| Dividends + buybacks / free cash flow | 61.1% | 14.6% | 9.5% | 3.7% | 1.1% | 56.8% | 4.9% | — |
| Capex / revenue | 6.3% | 5.5% | 4.3% | 3.7% | 3.1% | 3.3% | 4.6% | 7.0% |
| Capex / operating cash flow | 27.6% | 26.1% | 18.5% | 13.5% | 14.7% | 17.7% | 25.0% | 99.1% |
| Capex / depreciation | 0.35 | 0.31 | 0.27 | 0.24 | 0.20 | 0.19 | 0.23 | 0.31 |
| Stock-based compensation / revenue | 7.9% | 9.0% | 8.0% | 9.0% | 10.3% | 26.5% | 0.8% | 1.0% |
| R&D / revenue | 9.8% | 9.6% | 9.6% | 8.4% | 7.1% | 8.1% | 5.6% | 6.4% |
| SG&A / revenue | 33.2% | 31.4% | 36.0% | 29.5% | 34.8% | 44.2% | 28.1% | 32.3% |
| Efficiency | ||||||||
| Days sales outstanding | 102.5 | 100.6 | 93.8 | 90.9 | 91.3 | 87.8 | 89.5 | 111.2 |
| Days of inventory on hand | — | -5.3 | -1.8 | 5.4 | 4.5 | 11.2 | 22.5 | 28.4 |
| Days payables outstanding | 7.8 | 10.2 | 16.4 | 20.6 | 22.6 | 20.5 | 22.5 | 25.2 |
| Cash conversion cycle (days) | 94.7 | 85.1 | 75.6 | 75.6 | 73.1 | 78.5 | 89.5 | 114.4 |
| Receivables turnover | 3.56 | 3.63 | 3.89 | 4.02 | 4.00 | 4.16 | 4.08 | 3.28 |
| Payables turnover | 46.51 | 35.63 | 22.20 | 17.69 | 16.12 | 17.82 | 16.24 | 14.47 |
| Inventory turnover | — | — | — | 67.49 | 81.59 | 32.56 | 16.26 | 12.84 |
| Asset turnover | 0.27 | 0.25 | 0.23 | 0.22 | 0.21 | 0.21 | 0.20 | 0.16 |
| Average receivables | $117.7M | $106.2M | $91.0M | $83.6M | $71.6M | $58.6M | $51.1M | $49.9M |
| Average payables | $3.5M | $4.3M | $6.4M | $7.5M | $6.9M | $5.7M | $4.9M | $4.9M |
| Average inventory | — | −$2.2M | −$685,500 | $2.0M | $1.4M | $3.1M | $4.9M | $5.5M |
| Intangibles / total assets | 78.4% | 78.9% | 77.0% | 76.6% | 80.4% | 72.1% | 90.9% | 92.6% |
Computed from CERT's annual financial statements (latest annual report filed February 26, 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.
CERT valuation and financial ratios
Certara earned a return on equity of −0.2% and a return on invested capital of 1.0% in fiscal 2025. It ended the year with $11.4 million of debt and $189.4 million in cash and short-term investments, a net cash position of $178.0 million. It returned $42.6 million to shareholders: $0 in dividends and $42.6 million in share buybacks, 61% of free cash flow. The share count rose 21.1% from 132.4M to 160.4M over 7 years.
See the CERT income statement, the CERT chart for price history, or the CERT stock overview for the latest quote and news.
CERT key metrics FAQ
What is Certara's EV/EBITDA?
Certara's enterprise value was 12.0 times EBITDA at the end of fiscal 2025 (enterprise value $1.2 billion, EBITDA $102.5 million); the current EV/EBITDA is 17.4.
What is Certara's return on equity?
Certara's return on equity (ROE) was −0.2% in fiscal 2025: net income of -$1.6 million on average shareholders' equity of $1.1 billion.
What is Certara's ROIC?
Certara's return on invested capital was 1.0% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Certara have?
Certara had total debt of $11.4 million at the end of fiscal 2025, a debt-to-equity ratio of 0.01 and more cash than debt.
Does Certara buy back its shares?
Yes. Certara spent $42.6 million on net share repurchases in fiscal 2025 Shares outstanding changed +0.0% over the year, to 160.4M..
What is Certara's free cash flow yield?
Certara generated $69.8 million of free cash flow in fiscal 2025, a free cash flow yield of 4.9% on its market value at year-end ($1.4 billion).
What is Certara's current ratio?
Certara's current ratio was 2.05 at the end of fiscal 2025: current assets were 2.05 times current liabilities.