Equity Bancshares, Inc. (EQBK) Key Metrics
EQBK valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $978.3M
- Enterprise value
- $1.17B
- P/E (TTM)
- 10.5 10-yr median 19.1
- Forward P/E
- 10.4
- PEG ratio
- 1.69
- Price / sales
- 3.1 10-yr median 2.6
- Price / book
- 1.2 10-yr median 1.2
- EV / EBITDA
- — 10-yr median 17.4
- Dividend yield
- 1.85% $0.88 a year
- Beta
- 0.81
EQBK key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsEQBK valuation Price multiples at each fiscal year-end price.
EQBK returns How much profit the business earns on the capital it uses.
EQBK per-share figures Results divided by the shares outstanding at year-end.
EQBK financial health Debt, liquidity and how easily interest is covered.
EQBK efficiency & capital use Working capital cycle and where the cash goes.
EQBK valuation history
EQBK returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
EQBK debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
EQBK cash returned to shareholders
EQBK price vs earnings per share
EQBK key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $857.4M | $664.8M | $530.5M | $537.0M | $519.3M | $326.0M | $489.1M | $553.7M | $451.3M | $294.7M |
| Enterprise value | −$332.5M | −$209.1M | −$371.9M | −$469.6M | −$971.3M | −$728.4M | $639.2M | $651.8M | $655.7M | $468.7M |
| P/E ratio | 37.7 | 10.6 | 67.8 | 9.3 | 9.9 | — | 19.1 | 15.5 | 21.9 | 31.4 |
| Price / sales | 2.7 | 2.0 | 2.4 | 2.4 | 2.8 | 1.8 | 2.5 | 3.1 | 3.9 | 4.2 |
| Price / book | 1.2 | 1.1 | 1.2 | 1.3 | 1.0 | 0.8 | 1.0 | 1.2 | 1.2 | 1.1 |
| Price / free cash flow | 22.5 | 10.2 | 8.8 | 7.6 | 5.3 | 9.6 | 11.8 | 19.9 | 21.7 | 23.1 |
| Price / operating cash flow | 16.7 | 9.0 | 6.9 | 7.3 | 5.1 | 7.5 | 10.1 | 15.1 | 16.3 | 19.0 |
| EV / sales | -1.1 | -0.6 | -1.7 | -2.1 | -5.2 | -4.1 | 3.2 | 3.6 | 5.7 | 6.6 |
| EV / EBITDA | — | — | — | — | — | — | 15.9 | 12.6 | 19.0 | 29.2 |
| EV / free cash flow | — | — | — | — | — | — | 15.4 | 23.4 | 31.6 | 36.8 |
| Earnings yield | 2.7% | 9.4% | 1.5% | 10.7% | 10.1% | −23.0% | 5.2% | 6.5% | 4.6% | 3.2% |
| Free cash flow yield | 4.4% | 9.8% | 11.4% | 13.1% | 18.8% | 10.4% | 8.5% | 5.0% | 4.6% | 4.3% |
| Dividend yield | 1.3% | 1.2% | 1.2% | 1.0% | 0.2% | 0.4% | 0.2% | 0.2% | — | 0.0% |
| Shareholder yield (dividends + buybacks) | 3.0% | 3.0% | 4.6% | 7.2% | 3.8% | 6.3% | 2.5% | 0.2% | 0.0% | 5.6% |
| Share price at fiscal year-end | $44.65 | $42.42 | $33.90 | $32.67 | $33.93 | $21.59 | $30.87 | $35.25 | $35.41 | $33.64 |
| Per share | ||||||||||
| Revenue per share | $16.36 | $20.83 | $14.36 | $13.40 | $12.20 | $11.73 | $12.49 | $11.39 | $9.09 | $8.10 |
| Earnings per share | $1.18 | $4.00 | $0.50 | $3.51 | $3.43 | −$4.97 | $1.61 | $2.28 | $1.62 | $1.07 |
| Operating cash flow per share | $2.67 | $4.71 | $4.89 | $4.51 | $6.71 | $2.89 | $3.06 | $2.33 | $2.17 | $1.77 |
| Free cash flow per share | $1.98 | $4.17 | $3.86 | $4.29 | $6.38 | $2.25 | $2.62 | $1.77 | $1.63 | $1.46 |
| Cash per share | $85.30 | $75.72 | $81.98 | $78.38 | $103.65 | $76.31 | $14.74 | $23.34 | $16.77 | $15.25 |
| Book value per share | $38.12 | $37.83 | $28.94 | $24.95 | $32.71 | $27.00 | $30.17 | $29.02 | $29.35 | $29.45 |
| Tangible book value per share | $32.72 | $33.49 | $25.08 | $21.07 | $28.04 | $23.84 | $20.31 | $19.26 | $20.28 | $22.19 |
| Dividends per share | $0.59 | $0.50 | $0.42 | $0.34 | $0.08 | $0.08 | $0.07 | $0.07 | — | $0.00 |
| Capex per share | $0.69 | $0.54 | $1.03 | $0.21 | $0.33 | $0.64 | $0.44 | $0.56 | $0.54 | $0.32 |
| Debt per share | $23.34 | $19.96 | $24.32 | $17.14 | $6.26 | $6.48 | $24.21 | $29.58 | $32.81 | $35.12 |
| Shares outstanding | 19.2M | 15.7M | 15.6M | 16.4M | 15.3M | 15.1M | 15.8M | 15.7M | 12.7M | 8.8M |
| Change in shares outstanding | +22.5% | +0.1% | −4.8% | +7.4% | +1.4% | −4.7% | +0.9% | +23.2% | +45.5% | +33.3% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 3.4% | 12.0% | 1.8% | 12.7% | 11.6% | −16.9% | 5.5% | 8.6% | 6.5% | 4.4% |
| Return on invested capital (ROIC) | — | — | — | — | — | — | 4.3% | 6.3% | 4.1% | 2.9% |
| Return on assets (ROA) | 0.4% | 1.2% | 0.2% | 1.1% | 1.1% | −1.9% | 0.6% | 1.0% | 0.8% | 0.5% |
| Return on tangible assets | 0.4% | 1.2% | 0.2% | 1.2% | 1.0% | −1.9% | 0.7% | 0.9% | 0.7% | 0.4% |
| Free cash flow margin | 12.1% | 20.0% | 26.9% | 32.0% | 52.2% | 19.2% | 21.0% | 15.6% | 17.9% | 18.0% |
| Income quality (OCF / net income) | 2.26 | 1.18 | 9.78 | 1.28 | 1.96 | — | 1.90 | 1.02 | 1.34 | 1.66 |
| Financial health | ||||||||||
| Total debt | $448.2M | $312.8M | $380.5M | $281.7M | $95.9M | $97.8M | $383.6M | $464.7M | $418.2M | $307.6M |
| Cash & short-term investments | $1.64B | $1.19B | $1.28B | $1.29B | $1.59B | $1.15B | $233.5M | $366.6M | $213.8M | $133.6M |
| Net debt | −$1.19B | −$873.9M | −$902.4M | −$1.01B | −$1.49B | −$1.05B | $150.1M | $98.1M | $204.4M | $174.0M |
| Debt / equity | 0.61 | 0.53 | 0.84 | 0.69 | 0.19 | 0.24 | 0.80 | 1.02 | 1.12 | 1.19 |
| Debt / assets | 0.07 | 0.06 | 0.08 | 0.06 | 0.02 | 0.02 | 0.10 | 0.11 | 0.13 | 0.14 |
| Net debt / EBITDA | −13.46 | −9.87 | −81.65 | −12.64 | −20.32 | — | 3.73 | 1.89 | 5.91 | 10.84 |
| Current ratio | 1.41 | 0.28 | 0.31 | 0.30 | 32.38 | 61.25 | 0.08 | 0.12 | 73.93 | 205.95 |
| Quick ratio | 1.41 | 0.28 | 0.41 | 0.33 | 32.19 | 60.63 | 0.12 | 0.12 | 73.67 | 204.78 |
| Interest coverage | 0.3 | 0.7 | 0.0 | 2.8 | 4.4 | -3.3 | 0.7 | 1.3 | 1.9 | 1.5 |
| Working capital | $483.2M | −$3.20B | −$2.92B | −$3.01B | $1.56B | $1.15B | −$2.87B | −$2.80B | $2.26B | $1.51B |
| Invested capital | −$457.9M | −$281.0M | −$449.6M | −$596.6M | −$990.1M | −$646.7M | $628.2M | $554.0M | $578.5M | $432.0M |
| Tangible asset value | $628.3M | $524.8M | $392.5M | $346.4M | $429.1M | $360.0M | $321.7M | $302.5M | $258.5M | $194.4M |
| Net current asset value | −$3.97B | −$3.52B | −$3.27B | −$3.26B | −$3.03B | −$2.44B | −$3.22B | −$3.22B | −$502.7M | −$417.6M |
| Graham number | $31.86 | $58.32 | $18.04 | $44.38 | $50.23 | — | $33.11 | $38.59 | $32.71 | $26.63 |
| Graham net-net per share | −$207.15 | −$225.29 | −$222.57 | −$202.73 | −$198.24 | −$161.32 | −$207.29 | −$205.16 | −$201.57 | −$204.46 |
| Capital allocation | ||||||||||
| Dividends paid | $11.4M | $7.9M | $6.6M | $5.6M | $1.1M | $1.1M | $1.1M | $1.1M | — | $42,000 |
| Share buybacks (net) | $14.1M | $11.9M | $17.9M | $33.2M | $18.7M | $19.3M | $10.9M | $0 | $0 | $16.4M |
| Dividend payout ratio | 50.2% | 12.6% | 84.6% | 9.6% | 2.2% | — | 4.5% | 3.2% | — | 0.4% |
| Dividends + buybacks / free cash flow | 66.8% | 30.2% | 40.6% | 54.9% | 20.3% | 60.3% | 28.9% | 4.1% | 0.0% | 128.7% |
| Capex / revenue | 4.2% | 2.6% | 7.2% | 1.6% | 2.7% | 5.4% | 3.5% | 4.9% | 5.9% | 3.9% |
| Capex / operating cash flow | 25.8% | 11.5% | 21.1% | 4.7% | 5.0% | 22.0% | 14.4% | 24.1% | 24.9% | 18.0% |
| Capex / depreciation | 1.17 | 0.83 | 1.87 | 0.37 | 0.57 | 1.17 | 0.94 | 1.57 | 1.93 | 1.28 |
| Stock-based compensation / revenue | 1.8% | 1.2% | 1.4% | 1.5% | 1.6% | 2.0% | 1.4% | 1.4% | 0.9% | 0.8% |
| SG&A / revenue | 21.9% | 24.7% | 32.0% | 31.0% | 31.7% | 33.2% | 35.4% | 35.6% | 38.0% | 41.4% |
| Efficiency | ||||||||||
| Days sales outstanding | 36.1 | 30.4 | 37.5 | 32.0 | 33.1 | 32.5 | 30.5 | 30.3 | 30.5 | 29.6 |
| Days of inventory on hand | — | — | -1,098.3 | -865.4 | 623.3 | -402.8 | -293.6 | 64.2 | 156.4 | 233.2 |
| Days payables outstanding | — | — | 142.0 | 594.5 | 2,012.3 | 145.5 | 86.5 | 109.4 | 170.9 | 206.1 |
| Cash conversion cycle (days) | — | — | -1,202.8 | -1,427.8 | -1,355.9 | -515.7 | -349.6 | -14.9 | 16.0 | 56.7 |
| Receivables turnover | 10.10 | 12.00 | 9.74 | 11.39 | 11.03 | 11.22 | 11.96 | 12.03 | 11.97 | 12.31 |
| Payables turnover | — | — | 2.57 | 0.61 | 0.18 | 2.51 | 4.22 | 3.33 | 2.14 | 1.77 |
| Inventory turnover | — | — | — | — | 0.59 | — | — | 5.68 | 2.33 | 1.57 |
| Asset turnover | 0.05 | 0.06 | 0.04 | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 | 0.04 | 0.04 |
| Average receivables | $31.1M | $27.2M | $23.1M | $19.3M | $16.9M | $15.8M | $16.6M | $14.9M | $9.7M | $5.8M |
| Average payables | — | — | $34.6M | $41.2M | $34.3M | $18.8M | $16.1M | $12.2M | $9.0M | $6.4M |
| Average inventory | — | — | −$267.9M | −$60.0M | $10.6M | −$52.0M | −$54.7M | $7.2M | $8.3M | $7.2M |
| Intangibles / total assets | 1.6% | 1.3% | 1.2% | 1.3% | 1.4% | 1.2% | 4.0% | 3.8% | 3.6% | 2.9% |
Computed from EQBK's annual financial statements (latest annual report filed March 6, 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.
EQBK valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Equity Bancshares traded at 37.7 times earnings, against a 10-year median of 19.1. Based on the latest twelve months, the trailing P/E is 10.5 and the forward P/E is 10.4. Equity Bancshares earned a return on equity of 3.4% in fiscal 2025. It ended the year with $448.2 million of debt and $1.6 billion in cash and short-term investments, a net cash position of $1.2 billion. It returned $25.5 million to shareholders: $11.4 million in dividends and $14.1 million in share buybacks, 67% of free cash flow. The share count rose 119.2% from 8.8M to 19.2M over 9 years.
See the EQBK income statement, the EQBK chart for price history, or the EQBK stock overview for the latest quote and news.
EQBK key metrics FAQ
What is Equity Bancshares's P/E ratio?
Equity Bancshares's trailing P/E ratio is 10.5 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 10.4. At the end of fiscal 2025 it was 37.7, compared with a 10-year median of 19.1.
What is Equity Bancshares's return on equity?
Equity Bancshares's return on equity (ROE) was 3.4% in fiscal 2025: net income of $22.7 million on average shareholders' equity of $662.5 million.
How much debt does Equity Bancshares have?
Equity Bancshares had total debt of $448.2 million at the end of fiscal 2025, a debt-to-equity ratio of 0.61 and more cash than debt.
What is Equity Bancshares's dividend yield?
Equity Bancshares's forward dividend yield is 1.85%. Equity Bancshares paid $11.4 million in dividends in fiscal 2025 ($0.59 per share), a payout ratio of 50.2%.
Does Equity Bancshares buy back its shares?
Yes. Equity Bancshares spent $14.1 million on net share repurchases in fiscal 2025 Shares outstanding changed +22.5% over the year, to 19.2M..
What is Equity Bancshares's free cash flow yield?
Equity Bancshares generated $38.1 million of free cash flow in fiscal 2025, a free cash flow yield of 4.4% on its market value at year-end ($857.4 million).
What is Equity Bancshares's current ratio?
Equity Bancshares's current ratio was 1.41 at the end of fiscal 2025: current assets were 1.41 times current liabilities.