Deluxe Corporation (DLX) Key Metrics
DLX valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $1.06B
- Enterprise value
- $2.53B
- P/E (TTM)
- 10.6 10-yr median 16.2
- Forward P/E
- 5.5
- PEG ratio
- 0.46
- Price / sales
- 0.5 10-yr median 0.7
- Price / book
- 1.5 10-yr median 2.2
- EV / EBITDA
- 6.3 10-yr median 7.6
- Dividend yield
- 5.18% $1.20 a year
- Beta
- 1.23
DLX key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsDLX valuation Price multiples at each fiscal year-end price.
DLX returns How much profit the business earns on the capital it uses.
DLX per-share figures Results divided by the shares outstanding at year-end.
DLX financial health Debt, liquidity and how easily interest is covered.
DLX efficiency & capital use Working capital cycle and where the cash goes.
DLX valuation history
DLX returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
DLX debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
DLX cash returned to shareholders
DLX price vs earnings per share
DLX key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $1.02B | $1.01B | $940.4M | $735.4M | $1.38B | $1.23B | $2.15B | $1.81B | $3.72B | $3.51B |
| Enterprise value | $2.25B | $2.54B | $2.53B | $2.40B | $3.09B | $1.99B | $3.00B | $2.66B | $4.37B | $4.19B |
| P/E ratio | 12.4 | 19.1 | 36.0 | 11.2 | 22.0 | 234.7 | — | 11.6 | 16.2 | 15.3 |
| Price / sales | 0.5 | 0.5 | 0.4 | 0.3 | 0.7 | 0.7 | 1.1 | 0.9 | 1.9 | 1.9 |
| Price / book | 1.5 | 1.6 | 1.6 | 1.2 | 2.4 | 2.4 | 3.8 | 2.0 | 3.7 | 4.0 |
| Price / free cash flow | 5.8 | 10.1 | 9.6 | 8.5 | 13.5 | 7.9 | 9.8 | 6.5 | 12.8 | 12.9 |
| Price / operating cash flow | 3.8 | 5.2 | 4.7 | 3.8 | 6.5 | 5.7 | 7.5 | 5.3 | 11.0 | 11.0 |
| EV / sales | 1.1 | 1.2 | 1.2 | 1.1 | 1.5 | 1.1 | 1.5 | 1.3 | 2.2 | 2.3 |
| EV / EBITDA | 5.9 | 7.0 | 7.6 | 6.8 | 10.4 | 12.4 | — | 7.2 | 9.6 | 9.2 |
| EV / free cash flow | 12.9 | 25.4 | 26.0 | 27.6 | 30.4 | 12.8 | 13.7 | 9.6 | 15.0 | 15.4 |
| Earnings yield | 8.1% | 5.2% | 2.8% | 8.9% | 4.6% | 0.4% | −10.4% | 8.6% | 6.2% | 6.5% |
| Free cash flow yield | 17.3% | 9.9% | 10.4% | 11.8% | 7.4% | 12.6% | 10.2% | 15.3% | 7.8% | 7.8% |
| Dividend yield | 5.4% | 5.4% | 5.7% | 7.2% | 3.8% | 4.1% | 2.4% | 3.1% | 1.6% | 1.7% |
| Shareholder yield (dividends + buybacks) | 5.4% | 5.4% | 6.0% | 7.2% | 3.8% | 5.3% | 7.9% | 14.2% | 3.3% | 3.2% |
| Share price at fiscal year-end | $22.33 | $22.59 | $21.45 | $16.98 | $32.11 | $29.20 | $49.92 | $38.44 | $76.84 | $71.61 |
| Per share | ||||||||||
| Revenue per share | $46.88 | $47.44 | $50.00 | $51.67 | $47.22 | $42.49 | $46.68 | $42.52 | $40.61 | $37.74 |
| Earnings per share | $1.80 | $1.18 | $0.60 | $1.51 | $1.46 | $0.12 | −$5.20 | $3.32 | $4.76 | $4.68 |
| Operating cash flow per share | $5.95 | $4.34 | $4.52 | $4.42 | $4.92 | $5.16 | $6.66 | $7.22 | $6.99 | $6.52 |
| Free cash flow per share | $3.85 | $2.23 | $2.23 | $2.01 | $2.37 | $3.68 | $5.12 | $5.90 | $6.01 | $5.57 |
| Cash per share | $6.82 | $0.77 | $1.64 | $0.93 | $0.96 | $2.92 | $1.71 | $1.27 | $1.22 | $1.56 |
| Book value per share | $15.03 | $13.88 | $13.78 | $13.94 | $13.41 | $12.18 | $13.27 | $19.61 | $20.97 | $17.98 |
| Tangible book value per share | −$23.99 | −$25.33 | −$27.79 | −$29.71 | −$31.91 | −$10.36 | −$11.85 | −$12.74 | −$10.33 | −$12.95 |
| Dividends per share | $1.21 | $1.21 | $1.22 | $1.21 | $1.20 | $1.20 | $1.20 | $1.21 | $1.20 | $1.20 |
| Capex per share | $2.09 | $2.11 | $2.30 | $2.42 | $2.55 | $1.49 | $1.55 | $1.32 | $0.98 | $0.95 |
| Debt per share | $34.04 | $34.98 | $37.98 | $39.39 | $40.96 | $20.88 | $21.61 | $19.41 | $14.65 | $15.48 |
| Shares outstanding | 45.5M | 44.7M | 43.8M | 43.3M | 42.8M | 42.1M | 43.0M | 47.0M | 48.4M | 49.0M |
| Change in shares outstanding | +1.7% | +2.0% | +1.2% | +1.1% | +1.6% | −2.1% | −8.4% | −2.9% | −1.2% | −1.6% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 12.6% | 8.6% | 4.3% | 11.1% | 11.5% | 1.0% | −30.0% | 16.1% | 24.3% | 28.2% |
| Return on invested capital (ROIC) | 8.8% | 6.1% | 4.7% | 5.8% | 5.3% | 1.5% | −9.3% | 9.8% | 15.1% | 17.3% |
| Return on assets (ROA) | 2.9% | 1.8% | 0.8% | 2.1% | 2.5% | 0.3% | −10.5% | 6.9% | 10.5% | 11.4% |
| Return on tangible assets | 7.5% | 4.9% | 2.1% | 5.5% | 5.5% | 0.6% | −25.9% | 19.9% | 33.2% | 34.3% |
| Free cash flow margin | 8.2% | 4.7% | 4.5% | 3.9% | 5.0% | 8.7% | 11.0% | 13.9% | 14.8% | 14.7% |
| Income quality (OCF / net income) | 3.30 | 3.68 | 7.59 | 2.93 | 3.37 | 41.50 | — | 2.18 | 1.47 | 1.39 |
| Financial health | ||||||||||
| Total debt | $1.55B | $1.56B | $1.67B | $1.71B | $1.75B | $879.9M | $930.0M | $911.9M | $709.3M | $758.6M |
| Cash & short-term investments | $310.5M | $34.4M | $72.0M | $40.4M | $41.2M | $123.1M | $73.6M | $59.7M | $59.2M | $76.6M |
| Net debt | $1.24B | $1.53B | $1.59B | $1.67B | $1.71B | $756.8M | $856.4M | $852.2M | $650.1M | $682.0M |
| Debt / equity | 2.26 | 2.52 | 2.76 | 2.83 | 3.05 | 1.71 | 1.63 | 0.99 | 0.70 | 0.86 |
| Debt / assets | 0.54 | 0.55 | 0.54 | 0.55 | 0.57 | 0.48 | 0.48 | 0.40 | 0.32 | 0.35 |
| Net debt / EBITDA | 3.27 | 4.19 | 4.75 | 4.74 | 5.75 | 4.71 | — | 2.30 | 1.42 | 1.50 |
| Current ratio | 1.04 | 0.98 | 0.93 | 0.94 | 0.91 | 1.23 | 1.16 | 1.18 | 0.92 | 0.96 |
| Quick ratio | 0.98 | 0.92 | 0.88 | 0.87 | 0.86 | 1.13 | 1.06 | 1.05 | 0.82 | 0.86 |
| Interest coverage | 2.1 | 1.6 | 1.3 | 1.8 | 2.6 | 1.8 | -5.4 | 8.8 | 15.5 | 16.5 |
| Working capital | $22.6M | −$13.9M | −$58.1M | −$48.3M | −$62.9M | $94.8M | $64.3M | $67.4M | −$32.8M | −$17.4M |
| Invested capital | $1.92B | $2.15B | $2.20B | $2.27B | $2.29B | $1.27B | $1.43B | $1.77B | $1.67B | $1.56B |
| Tangible asset value | −$1.09B | −$1.13B | −$1.22B | −$1.29B | −$1.37B | −$436.3M | −$509.7M | −$598.9M | −$500.2M | −$634.7M |
| Net current asset value | −$1.52B | −$1.60B | −$1.72B | −$1.77B | −$1.88B | −$822.2M | −$900.2M | −$932.3M | −$800.8M | −$905.1M |
| Graham number | $24.70 | $19.20 | $13.59 | $21.76 | $21.01 | $5.84 | — | $38.26 | $47.37 | $43.52 |
| Graham net-net per share | −$37.16 | −$44.87 | −$50.64 | −$51.30 | −$49.53 | −$24.94 | −$26.30 | −$24.40 | −$20.43 | −$22.29 |
| Capital allocation | ||||||||||
| Dividends paid | $55.2M | $54.2M | $53.3M | $52.6M | $51.6M | $50.7M | $51.7M | $56.7M | $58.1M | $58.7M |
| Share buybacks (net) | — | — | $2.7M | $0 | $0 | $14.0M | $118.5M | $200.0M | $65.0M | $55.2M |
| Dividend payout ratio | 67.2% | 102.6% | 204.2% | 80.4% | 82.4% | 966.8% | — | 36.4% | 25.2% | 25.6% |
| Dividends + buybacks / free cash flow | 31.5% | 54.2% | 57.4% | 60.5% | 50.7% | 41.7% | 77.3% | 92.6% | 42.3% | 41.8% |
| Capex / revenue | 4.5% | 4.4% | 4.6% | 4.7% | 5.4% | 3.5% | 3.3% | 3.1% | 2.4% | 2.5% |
| Capex / operating cash flow | 35.2% | 48.6% | 50.8% | 54.6% | 51.8% | 28.8% | 23.2% | 18.3% | 14.0% | 14.6% |
| Capex / depreciation | 0.69 | 0.57 | 0.59 | 0.61 | 0.73 | 0.56 | 0.53 | 0.47 | 0.39 | 0.51 |
| Stock-based compensation / revenue | 1.2% | 0.9% | 0.9% | 1.1% | 1.5% | 1.2% | 1.0% | 0.7% | 0.8% | 0.7% |
| SG&A / revenue | 40.8% | 42.8% | 44.1% | 44.4% | 46.5% | 47.0% | 44.4% | 43.2% | 42.2% | 43.6% |
| Efficiency | ||||||||||
| Days sales outstanding | 36.0 | 35.9 | 38.5 | 54.8 | 54.7 | 38.3 | 36.4 | 33.8 | 29.6 | 27.3 |
| Days of inventory on hand | 12.7 | 14.4 | 16.7 | 15.4 | 15.5 | 20.0 | 19.4 | 20.4 | 20.3 | 22.5 |
| Days payables outstanding | 59.5 | 58.6 | 55.3 | 54.8 | 55.7 | 57.2 | 49.2 | 48.7 | 52.0 | 53.2 |
| Cash conversion cycle (days) | -10.7 | -8.3 | -0.1 | 15.4 | 14.4 | 1.1 | 6.6 | 5.5 | -2.1 | -3.4 |
| Receivables turnover | 10.14 | 10.15 | 9.48 | 6.66 | 6.68 | 9.53 | 10.03 | 10.78 | 12.33 | 13.38 |
| Payables turnover | 6.14 | 6.23 | 6.60 | 6.66 | 6.55 | 6.38 | 7.42 | 7.49 | 7.03 | 6.87 |
| Inventory turnover | 28.65 | 25.36 | 21.82 | 23.67 | 23.56 | 18.26 | 18.83 | 17.85 | 18.01 | 16.25 |
| Asset turnover | 0.75 | 0.72 | 0.71 | 0.73 | 0.82 | 0.95 | 0.95 | 0.89 | 0.89 | 0.92 |
| Average receivables | $210.5M | $209.0M | $231.2M | $335.8M | $302.9M | $187.9M | $200.3M | $185.3M | $159.4M | $138.2M |
| Average payables | $163.1M | $159.9M | $156.0M | $155.1M | $135.0M | $114.6M | $109.6M | $105.7M | $105.6M | $97.2M |
| Average inventory | $34.9M | $39.2M | $47.2M | $43.6M | $37.5M | $40.0M | $43.2M | $44.3M | $41.2M | $41.1M |
| Intangibles / total assets | 62.0% | 61.9% | 59.2% | 61.4% | 63.1% | 51.6% | 55.6% | 66.0% | 68.6% | 69.4% |
Computed from DLX's annual financial statements (latest annual report filed February 13, 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.
DLX valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Deluxe traded at 12.4 times earnings, against a 10-year median of 16.2. Based on the latest twelve months, the trailing P/E is 10.6 and the forward P/E is 5.5. Deluxe earned a return on equity of 12.6% and a return on invested capital of 8.8% in fiscal 2025. It ended the year with $1.5 billion of debt and $310.5 million in cash and short-term investments, net debt of $1.2 billion. It returned $55.2 million to shareholders: $55.2 million in dividends and $0 in share buybacks, 31% of free cash flow. The share count fell 7.1% from 49.0M to 45.5M over 9 years.
See the DLX income statement, the DLX chart for price history, or the DLX stock overview for the latest quote and news.
DLX key metrics FAQ
What is Deluxe's P/E ratio?
Deluxe's trailing P/E ratio is 10.6 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 5.5. At the end of fiscal 2025 it was 12.4, compared with a 10-year median of 16.2.
What is Deluxe's EV/EBITDA?
Deluxe's enterprise value was 5.9 times EBITDA at the end of fiscal 2025 (enterprise value $2.3 billion, EBITDA $379.0 million); the current EV/EBITDA is 6.3.
What is Deluxe's return on equity?
Deluxe's return on equity (ROE) was 12.6% in fiscal 2025: net income of $82.1 million on average shareholders' equity of $652.3 million.
What is Deluxe's ROIC?
Deluxe's return on invested capital was 8.8% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Deluxe have?
Deluxe had total debt of $1.5 billion at the end of fiscal 2025, a debt-to-equity ratio of 2.26 and $1.2 billion of net debt (3.27 times EBITDA).
What is Deluxe's dividend yield?
Deluxe's forward dividend yield is 5.18%. Deluxe paid $55.2 million in dividends in fiscal 2025 ($1.21 per share), a payout ratio of 67.2%.
What is Deluxe's free cash flow yield?
Deluxe generated $175.3 million of free cash flow in fiscal 2025, a free cash flow yield of 17.3% on its market value at year-end ($1.0 billion).
What is Deluxe's current ratio?
Deluxe's current ratio was 1.04 at the end of fiscal 2025: current assets were 1.04 times current liabilities.