Capital One Financial Corporation (COF) Key Metrics
COF valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $123.76B
- Enterprise value
- $126.93B
- P/E (TTM)
- 13.0 10-yr median 11.1
- Forward P/E
- 8.5
- PEG ratio
- 0.18
- Price / sales
- 2.6 10-yr median 1.4
- Price / book
- 1.1 10-yr median 0.9
- EV / EBITDA
- — 10-yr median 7.8
- Dividend yield
- 1.59% $3.20 a year
- Beta
- 1.04
COF key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsCOF valuation Price multiples at each fiscal year-end price.
COF returns How much profit the business earns on the capital it uses.
COF per-share figures Results divided by the shares outstanding at year-end.
COF financial health Debt, liquidity and how easily interest is covered.
COF efficiency & capital use Working capital cycle and where the cash goes.
COF valuation history
COF returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
COF debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
COF cash returned to shareholders
COF price vs earnings per share
COF key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $131.19B | $68.40B | $50.27B | $36.55B | $64.45B | $45.36B | $48.36B | $36.52B | $48.65B | $44.47B |
| Enterprise value | $120.48B | $66.87B | −$22.29B | −$16.94B | −$1.23B | −$48.53B | $18.12B | $44.78B | $65.27B | $70.41B |
| P/E ratio | 53.5 | 14.4 | 10.3 | 5.0 | 5.2 | 16.7 | 8.7 | 6.1 | 24.5 | 11.9 |
| Price / sales | 1.9 | 1.3 | 1.0 | 1.0 | 2.0 | 1.4 | 1.4 | 1.1 | 1.6 | 1.6 |
| Price / book | 1.2 | 1.1 | 0.9 | 0.7 | 1.1 | 0.8 | 0.8 | 0.7 | 1.0 | 0.9 |
| Price / free cash flow | 5.0 | 4.0 | 2.6 | 2.8 | 5.6 | 2.8 | 3.1 | 3.0 | 3.7 | 4.0 |
| Price / operating cash flow | 4.7 | 3.8 | 2.4 | 2.6 | 5.2 | 2.7 | 2.9 | 2.8 | 3.4 | 3.8 |
| EV / sales | 1.7 | 1.2 | -0.5 | -0.4 | -0.0 | -1.5 | 0.5 | 1.4 | 2.2 | 2.6 |
| EV / EBITDA | 16.0 | 7.3 | — | — | — | — | 1.8 | 4.6 | 8.2 | 8.9 |
| EV / free cash flow | 4.6 | 3.9 | — | — | — | — | 1.2 | 3.7 | 5.0 | 6.4 |
| Earnings yield | 1.9% | 6.9% | 9.7% | 20.1% | 19.2% | 6.0% | 11.5% | 16.5% | 4.1% | 8.4% |
| Free cash flow yield | 19.9% | 24.8% | 39.0% | 35.2% | 18.0% | 35.2% | 32.6% | 33.1% | 27.1% | 24.9% |
| Dividend yield | 1.3% | 1.7% | 2.3% | 3.2% | 2.2% | 1.6% | 2.1% | 2.8% | 2.1% | 2.3% |
| Shareholder yield (dividends + buybacks) | 4.9% | 2.8% | 3.7% | 16.8% | 17.3% | 5.5% | 7.3% | 9.1% | 2.6% | 10.5% |
| Share price at fiscal year-end | $242.36 | $178.32 | $131.12 | $92.96 | $145.09 | $98.85 | $102.91 | $75.59 | $99.58 | $87.24 |
| Per share | ||||||||||
| Revenue per share | $127.94 | $140.61 | $129.07 | $97.59 | $72.11 | $68.95 | $71.86 | $65.99 | $61.40 | $53.98 |
| Earnings per share | $4.53 | $12.38 | $12.75 | $18.72 | $27.89 | $5.91 | $11.80 | $12.45 | $4.06 | $7.36 |
| Operating cash flow per share | $51.21 | $47.34 | $53.66 | $35.12 | $27.71 | $36.39 | $35.41 | $26.86 | $29.03 | $23.26 |
| Free cash flow per share | $48.29 | $44.20 | $51.16 | $32.74 | $26.14 | $34.84 | $33.52 | $25.05 | $26.94 | $21.73 |
| Cash per share | $114.00 | $122.74 | $319.29 | $274.10 | $263.41 | $307.16 | $197.11 | $122.82 | $105.80 | $99.48 |
| Book value per share | $209.89 | $158.46 | $151.51 | $133.73 | $137.39 | $131.19 | $123.45 | $106.95 | $99.73 | $93.20 |
| Tangible book value per share | $126.60 | $117.70 | $110.39 | $94.63 | $102.92 | $98.27 | $91.26 | $75.75 | $68.47 | $62.88 |
| Dividends per share | $3.27 | $3.02 | $3.02 | $3.00 | $3.20 | $1.61 | $2.20 | $2.15 | $2.14 | $2.01 |
| Capex per share | $2.92 | $3.14 | $2.51 | $2.38 | $1.57 | $1.55 | $1.89 | $1.81 | $2.08 | $1.53 |
| Debt per share | $94.22 | $118.75 | $130.04 | $138.06 | $115.56 | $102.56 | $132.76 | $139.94 | $139.82 | $150.35 |
| Shares outstanding | 541.3M | 383.6M | 383.4M | 393.2M | 444.2M | 458.9M | 469.9M | 483.1M | 488.6M | 509.8M |
| Change in shares outstanding | +41.1% | +0.1% | −2.5% | −11.5% | −3.2% | −2.3% | −2.7% | −1.1% | −4.2% | −7.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 2.8% | 8.0% | 8.8% | 13.0% | 20.4% | 4.6% | 10.1% | 12.0% | 4.1% | 7.9% |
| Return on invested capital (ROIC) | 2.6% | 21.2% | — | — | — | — | 12.6% | 9.6% | 4.0% | 5.0% |
| Return on assets (ROA) | 0.4% | 1.0% | 1.0% | 1.7% | 2.9% | 0.7% | 1.5% | 1.6% | 0.5% | 1.1% |
| Return on tangible assets | 0.4% | 1.0% | 1.1% | 1.7% | 3.0% | 0.7% | 1.5% | 1.7% | 0.6% | 1.1% |
| Free cash flow margin | 37.7% | 31.4% | 39.6% | 33.6% | 36.3% | 50.5% | 46.7% | 38.0% | 43.9% | 40.3% |
| Income quality (OCF / net income) | 11.30 | 3.82 | 4.21 | 1.88 | 0.99 | 6.15 | 3.00 | 2.16 | 7.16 | 3.16 |
| Financial health | ||||||||||
| Total debt | $51.00B | $45.55B | $49.86B | $54.28B | $51.33B | $47.06B | $62.38B | $67.60B | $68.31B | $76.65B |
| Cash & short-term investments | $61.71B | $47.08B | $122.41B | $107.78B | $117.01B | $140.95B | $92.62B | $59.34B | $51.70B | $50.71B |
| Net debt | −$10.71B | −$1.53B | −$72.56B | −$53.49B | −$65.68B | −$93.89B | −$30.24B | $8.27B | $16.62B | $25.93B |
| Debt / equity | 0.45 | 0.75 | 0.86 | 1.03 | 0.84 | 0.78 | 1.08 | 1.31 | 1.40 | 1.61 |
| Debt / assets | 0.08 | 0.09 | 0.10 | 0.12 | 0.12 | 0.11 | 0.16 | 0.18 | 0.19 | 0.21 |
| Net debt / EBITDA | −1.42 | −0.17 | −7.83 | −4.30 | −3.40 | −14.01 | −2.96 | 0.85 | 2.10 | 3.28 |
| Current ratio | 0.15 | 0.14 | 0.36 | 62.54 | 421.59 | 404.62 | 12.69 | 0.21 | 0.19 | 0.19 |
| Quick ratio | 0.15 | 0.14 | 0.49 | 62.44 | 506.15 | 525.05 | 14.78 | 0.27 | 0.25 | 0.24 |
| Interest coverage | 0.1 | 0.4 | 0.5 | 2.2 | 9.9 | 1.0 | 1.3 | 1.7 | 2.0 | 2.7 |
| Working capital | −$407.84B | −$314.32B | −$224.71B | $32.43B | $118.19B | $142.07B | $86.94B | −$222.83B | −$220.32B | −$225.25B |
| Invested capital | $102.91B | $59.25B | −$14.47B | −$908.0M | −$4.65B | −$33.69B | $27.77B | $59.94B | $65.35B | $73.45B |
| Tangible asset value | $68.53B | $45.15B | $42.32B | $37.21B | $45.72B | $45.09B | $42.88B | $36.60B | $33.45B | $32.06B |
| Net current asset value | −$485.53B | −$379.74B | −$295.48B | −$369.71B | −$252.88B | −$218.97B | −$237.98B | −$259.92B | −$263.73B | −$257.45B |
| Graham number | $146.29 | $210.11 | $208.45 | $237.32 | $293.64 | $132.13 | $181.06 | $173.09 | $95.41 | $124.22 |
| Graham net-net per share | −$907.20 | −$991.60 | −$832.00 | −$745.90 | −$596.87 | −$524.16 | −$523.98 | −$554.49 | −$556.93 | −$519.32 |
| Capital allocation | ||||||||||
| Dividends paid | $1.77B | $1.16B | $1.16B | $1.18B | $1.42B | $740.0M | $1.03B | $1.04B | $1.04B | $1.03B |
| Share buybacks (net) | $4.60B | $734.0M | $718.0M | $4.95B | $9.71B | $1.77B | $2.48B | $2.28B | $240.0M | $3.66B |
| Dividend payout ratio | 72.1% | 24.4% | 23.7% | 16.0% | 11.5% | 27.3% | 18.7% | 17.3% | 52.7% | 27.4% |
| Dividends + buybacks / free cash flow | 24.4% | 11.2% | 9.6% | 47.6% | 95.8% | 15.7% | 22.3% | 27.4% | 9.8% | 42.3% |
| Capex / revenue | 2.3% | 2.2% | 1.9% | 2.4% | 2.2% | 2.2% | 2.6% | 2.7% | 3.4% | 2.8% |
| Capex / operating cash flow | 5.7% | 6.6% | 4.7% | 6.8% | 5.7% | 4.3% | 5.3% | 6.7% | 7.2% | 6.6% |
| Capex / depreciation | 0.30 | 0.37 | 0.30 | 0.29 | 0.20 | 0.20 | 0.27 | 0.36 | 0.42 | 0.32 |
| Stock-based compensation / revenue | 1.1% | 1.1% | 1.0% | 0.8% | 1.0% | 0.6% | 0.7% | 0.5% | 0.8% | 0.9% |
| SG&A / revenue | 26.5% | 25.9% | 26.9% | 32.4% | 32.1% | 26.6% | 25.7% | 24.8% | 25.2% | 25.5% |
| Efficiency | ||||||||||
| Days sales outstanding | 15.9 | 17.0 | 16.9 | 17.0 | 16.7 | 18.6 | 18.2 | 18.0 | 17.6 | 16.8 |
| Days of inventory on hand | — | — | -360.8 | -433.9 | 34,892.3 | -790.8 | -491.2 | -558.9 | -529.4 | -292.6 |
| Days payables outstanding | 7.6 | 9.0 | 9.3 | 14.8 | -333.9 | 10.8 | 14.3 | 15.7 | 13.1 | 13.5 |
| Cash conversion cycle (days) | 8.3 | 7.9 | -353.2 | -431.8 | 35,242.9 | -783.0 | -487.3 | -556.5 | -524.9 | -289.2 |
| Receivables turnover | 22.99 | 21.53 | 21.60 | 21.53 | 21.86 | 19.60 | 20.03 | 20.24 | 20.78 | 21.67 |
| Payables turnover | 48.31 | 40.37 | 39.32 | 24.68 | −1.09 | 33.84 | 25.44 | 23.32 | 27.87 | 27.08 |
| Asset turnover | 0.12 | 0.11 | 0.11 | 0.09 | 0.08 | 0.08 | 0.09 | 0.09 | 0.08 | 0.08 |
| Average receivables | $3.01B | $2.50B | $2.29B | $1.78B | $1.47B | $1.61B | $1.69B | $1.57B | $1.44B | $1.27B |
| Average payables | $755.0M | $657.5M | $588.0M | $404.0M | $316.5M | $395.5M | $448.5M | $435.5M | $370.0M | $313.0M |
| Average inventory | — | — | −$22.86B | −$11.85B | −$33.08B | −$29.00B | −$15.35B | −$15.55B | −$14.96B | −$6.79B |
| Intangibles / total assets | 6.7% | 3.2% | 3.3% | 3.4% | 3.5% | 3.6% | 3.9% | 4.0% | 4.2% | 4.3% |
Computed from COF's annual financial statements (latest annual report filed February 19, 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.
COF valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Capital One traded at 53.5 times earnings, against a 10-year median of 11.1. Based on the latest twelve months, the trailing P/E is 13.0 and the forward P/E is 8.5. Capital One earned a return on equity of 2.8% and a return on invested capital of 2.6% in fiscal 2025. It ended the year with $51.0 billion of debt and $61.7 billion in cash and short-term investments, a net cash position of $10.7 billion. It returned $6.4 billion to shareholders: $1.8 billion in dividends and $4.6 billion in share buybacks, 24% of free cash flow. The share count rose 6.2% from 509.8M to 541.3M over 9 years.
See the COF income statement, the COF chart for price history, or the COF stock overview for the latest quote and news.
COF key metrics FAQ
What is Capital One's P/E ratio?
Capital One's trailing P/E ratio is 13.0 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 8.5. At the end of fiscal 2025 it was 53.5, compared with a 10-year median of 11.1.
What is Capital One's EV/EBITDA?
Capital One's enterprise value was 16.0 times EBITDA at the end of fiscal 2025 (enterprise value $120.5 billion, EBITDA $7.5 billion).
What is Capital One's return on equity?
Capital One's return on equity (ROE) was 2.8% in fiscal 2025: net income of $2.5 billion on average shareholders' equity of $87.2 billion.
What is Capital One's ROIC?
Capital One's return on invested capital was 2.6% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Capital One have?
Capital One had total debt of $51.0 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.45 and more cash than debt.
What is Capital One's dividend yield?
Capital One's forward dividend yield is 1.59%. Capital One paid $1.8 billion in dividends in fiscal 2025 ($3.27 per share), a payout ratio of 72.1%.
Does Capital One buy back its shares?
Yes. Capital One spent $4.6 billion on net share repurchases in fiscal 2025 Shares outstanding changed +41.1% over the year, to 541.3M..
What is Capital One's free cash flow yield?
Capital One generated $26.1 billion of free cash flow in fiscal 2025, a free cash flow yield of 19.9% on its market value at year-end ($131.2 billion).
What is Capital One's current ratio?
Capital One's current ratio was 0.15 at the end of fiscal 2025: current assets were 0.15 times current liabilities.