HBT Financial, Inc. (HBT) Key Metrics
HBT valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $1.29B
- Enterprise value
- $1.31B
- P/E (TTM)
- 15.1 10-yr median 10.0
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 4.9 10-yr median 2.7
- Price / book
- 1.7 10-yr median 1.3
- EV / EBITDA
- —
- Dividend yield
- 2.81% $1.00 a year
- Beta
- 0.49
HBT key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsHBT valuation Price multiples at each fiscal year-end price.
HBT returns How much profit the business earns on the capital it uses.
HBT per-share figures Results divided by the shares outstanding at year-end.
HBT financial health Debt, liquidity and how easily interest is covered.
HBT efficiency & capital use Working capital cycle and where the cash goes.
HBT valuation history
HBT returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
HBT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
HBT cash returned to shareholders
HBT price vs earnings per share
HBT key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $812.6M | $694.5M | $670.0M | $565.9M | $520.6M | $416.0M | $381.5M | — | — | — |
| Enterprise value | $40.3M | $639.1M | −$83.9M | −$111.5M | −$693.0M | −$696.7M | −$413.1M | — | — | — |
| P/E ratio | 10.6 | 9.7 | 10.2 | 10.0 | 9.3 | 11.3 | 5.7 | — | — | — |
| Price / sales | 2.8 | 2.4 | 2.5 | 3.0 | 3.2 | 2.7 | 2.2 | — | — | — |
| Price / book | 1.3 | 1.3 | 1.4 | 1.5 | 0.1 | 0.1 | 0.1 | — | — | — |
| Price / free cash flow | 10.9 | 8.3 | 10.7 | 7.9 | 12.4 | 14.2 | 4.4 | — | — | — |
| Price / operating cash flow | 9.6 | 7.8 | 10.2 | 7.8 | 12.1 | 13.3 | 4.3 | — | — | — |
| EV / sales | 0.1 | 2.2 | -0.3 | -0.6 | -4.2 | -4.4 | -2.4 | — | — | — |
| EV / EBITDA | 0.4 | 6.2 | — | — | — | — | — | — | — | — |
| EV / free cash flow | 0.5 | 7.6 | — | — | — | — | — | — | — | — |
| Earnings yield | 9.5% | 10.3% | 9.8% | 10.0% | 10.8% | 8.9% | 17.5% | — | — | — |
| Free cash flow yield | 9.2% | 12.1% | 9.4% | 12.6% | 8.1% | 7.1% | 22.8% | — | — | — |
| Dividend yield | 3.3% | 3.5% | 3.3% | 3.3% | 3.2% | 4.0% | 59.0% | — | — | — |
| Shareholder yield (dividends + buybacks) | 3.8% | 4.1% | 4.6% | 4.1% | 4.2% | 4.3% | 59.0% | — | — | — |
| Share price at fiscal year-end | $25.85 | $21.90 | $21.11 | $19.57 | $18.73 | $15.15 | $18.99 | — | — | — |
| Per share | ||||||||||
| Revenue per share | $9.33 | $8.99 | $8.31 | $6.46 | $5.91 | $5.71 | $8.65 | $6.30 | $5.99 | $6.22 |
| Earnings per share | $2.45 | $2.26 | $2.07 | $1.95 | $2.02 | $1.34 | $3.33 | $2.42 | $2.13 | $2.22 |
| Operating cash flow per share | $2.71 | $2.82 | $2.07 | $2.51 | $1.55 | $1.14 | $4.43 | $3.04 | $2.74 | $2.59 |
| Free cash flow per share | $2.38 | $2.64 | $1.98 | $2.47 | $1.51 | $1.07 | $4.33 | $2.98 | $2.66 | $2.54 |
| Cash per share | $26.64 | $5.99 | $28.40 | $33.12 | $48.64 | $44.99 | $43.63 | $32.92 | $35.55 | — |
| Book value per share | $19.58 | $17.17 | $15.42 | $12.92 | $152.44 | $130.74 | $159.66 | $12.93 | $12.30 | — |
| Tangible book value per share | $17.20 | $14.13 | $12.29 | $11.52 | $151.03 | $129.56 | $157.86 | $11.41 | $10.75 | — |
| Dividends per share | $0.85 | $0.76 | $0.69 | $0.64 | $0.60 | $0.60 | $11.20 | $1.62 | $2.17 | $1.55 |
| Capex per share | $0.33 | $0.17 | $0.10 | $0.04 | $0.04 | $0.07 | $0.11 | $0.06 | $0.08 | $0.06 |
| Debt per share | $2.07 | $4.24 | $4.64 | $9.69 | $4.98 | $4.47 | $4.08 | $109.38 | $112.43 | — |
| Shares outstanding | 31.4M | 31.7M | 31.7M | 28.9M | 27.8M | 27.5M | 20.1M | 26.3M | 26.3M | 26.3M |
| Change in shares outstanding | −0.9% | −0.1% | +9.7% | +4.0% | +1.2% | +36.7% | −23.7% | 0.0% | −0.1% | — |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 13.3% | 13.9% | 15.3% | 2.4% | 1.4% | 1.1% | 3.8% | 19.2% | 17.3% | — |
| Return on invested capital (ROIC) | — | 63.9% | — | — | 2.0% | 1.5% | 2.8% | 2.7% | 2.4% | — |
| Return on assets (ROA) | 1.5% | 1.4% | 1.4% | 1.3% | 1.4% | 1.1% | 2.1% | 1.9% | 1.7% | — |
| Return on tangible assets | 1.5% | 1.5% | 1.3% | 1.3% | 1.3% | 1.0% | 2.1% | 2.0% | 1.7% | — |
| Free cash flow margin | 25.5% | 29.4% | 23.8% | 38.3% | 25.6% | 18.7% | 50.0% | 47.2% | 44.3% | 40.8% |
| Income quality (OCF / net income) | 1.10 | 1.25 | 1.00 | 1.29 | 0.77 | 0.85 | 1.33 | 1.25 | 1.28 | 1.17 |
| Financial health | ||||||||||
| Total debt | $65.2M | $134.6M | $147.3M | $280.3M | $138.3M | $122.6M | $82.0M | $2.88B | $2.96B | — |
| Cash & short-term investments | $837.5M | $190.0M | $901.2M | $957.7M | $1.35B | $1.24B | $876.6M | $866.7M | $936.0M | — |
| Net debt | −$772.3M | −$55.4M | −$753.9M | −$677.4M | −$1.21B | −$1.11B | −$794.6M | $2.01B | $2.02B | — |
| Debt / equity | 0.11 | 0.25 | 0.30 | 0.75 | 0.03 | 0.03 | 0.03 | 8.46 | 9.14 | — |
| Debt / assets | 0.01 | 0.03 | 0.03 | 0.07 | 0.03 | 0.03 | 0.03 | 0.89 | 0.89 | — |
| Net debt / EBITDA | −6.99 | −0.54 | −7.99 | −8.46 | −15.04 | −20.70 | −10.42 | 28.99 | 32.55 | — |
| Current ratio | 0.28 | 0.05 | 0.21 | 0.27 | 0.48 | 0.53 | 0.39 | 0.83 | 0.79 | — |
| Quick ratio | 0.28 | 0.05 | 0.21 | 0.31 | 0.63 | 0.67 | 0.52 | 0.82 | 0.78 | — |
| Interest coverage | 1.8 | 1.5 | 2.3 | 10.6 | 13.2 | 7.7 | 7.3 | 8.1 | 8.6 | 9.0 |
| Working capital | −$2.17B | −$4.13B | −$3.52B | −$2.65B | −$1.48B | −$1.12B | −$1.39B | −$496.1M | −$614.2M | — |
| Invested capital | −$156.8M | $489.2M | −$264.4M | −$303.8M | $3.02B | $2.48B | $2.41B | $2.35B | $2.35B | — |
| Tangible asset value | $540.6M | $448.1M | $390.0M | $333.1M | $4.20B | $3.56B | $3.17B | $300.4M | $283.0M | — |
| Net current asset value | −$3.59B | −$4.27B | −$3.66B | −$2.94B | $1.29B | $1.17B | $853.0M | −$560.0M | −$676.6M | — |
| Graham number | $32.85 | $29.57 | $26.83 | $23.82 | $83.33 | $62.83 | $109.34 | $26.55 | $24.29 | — |
| Graham net-net per share | −$114.54 | −$134.96 | −$115.42 | −$104.06 | $38.54 | $36.55 | $34.73 | −$76.96 | −$77.24 | — |
| Capital allocation | ||||||||||
| Dividends paid | $26.6M | $24.2M | $21.9M | $18.6M | $16.8M | $16.5M | $225.0M | $42.6M | $57.1M | $40.7M |
| Share buybacks (net) | $4.5M | $4.4M | $8.9M | $4.8M | $4.9M | $1.5M | $0 | $907,000 | $0 | $0 |
| Dividend payout ratio | 34.6% | 33.7% | 33.2% | 32.9% | 29.8% | 44.8% | 336.4% | 66.8% | 101.7% | 69.6% |
| Dividends + buybacks / free cash flow | 41.6% | 34.1% | 49.1% | 32.7% | 51.5% | 61.4% | 258.7% | 55.6% | 81.6% | 61.0% |
| Capex / revenue | 3.5% | 1.9% | 1.2% | 0.6% | 0.6% | 1.2% | 1.2% | 1.0% | 1.4% | 0.9% |
| Capex / operating cash flow | 12.0% | 6.2% | 4.8% | 1.4% | 2.4% | 6.0% | 2.4% | 2.1% | 3.0% | 2.2% |
| Capex / depreciation | 1.73 | 0.95 | 0.54 | 0.27 | 0.25 | 0.45 | 0.52 | 0.35 | 0.41 | 0.26 |
| Stock-based compensation / revenue | 0.7% | 0.6% | 0.7% | 1.0% | 0.5% | 0.2% | −0.2% | 0.3% | 0.2% | 0.1% |
| SG&A / revenue | 32.0% | 29.1% | 32.2% | 34.8% | 36.5% | 39.7% | 39.4% | 39.8% | 43.5% | 41.2% |
| Efficiency | ||||||||||
| Days sales outstanding | 30.2 | 31.5 | 30.5 | 33.6 | 32.4 | 32.8 | 30.7 | 33.0 | 34.1 | — |
| Days of inventory on hand | — | — | -542.3 | -15,964.4 | 61,484.3 | -6,813.5 | -4,020.1 | 348.1 | 620.4 | — |
| Days payables outstanding | — | — | — | 206,495.3 | -555,401.5 | 63,447.4 | 76,245.6 | 75,358.2 | 107,080.9 | — |
| Cash conversion cycle (days) | — | — | — | -222,426.0 | 616,918.2 | -70,228.1 | -80,235.0 | -74,977.0 | -106,426.3 | — |
| Receivables turnover | 12.08 | 11.57 | 11.97 | 10.85 | 11.27 | 11.12 | 11.89 | 11.05 | 10.70 | — |
| Payables turnover | — | — | — | 0.00 | −0.00 | 0.01 | 0.00 | 0.00 | 0.00 | — |
| Inventory turnover | — | — | — | — | — | — | — | 1.05 | 0.59 | — |
| Asset turnover | 0.06 | 0.06 | 0.06 | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 0.05 | — |
| Average receivables | $24.3M | $24.7M | $22.0M | $17.2M | $14.6M | $14.1M | $14.6M | $15.0M | $14.7M | — |
| Average payables | — | — | — | $3.66B | $3.43B | $2.95B | $2.79B | $2.83B | $2.86B | — |
| Average inventory | — | — | −$67.6M | −$283.2M | −$380.2M | −$317.2M | −$146.9M | $13.1M | $16.5M | — |
| Intangibles / total assets | 1.5% | 1.9% | 2.0% | 0.9% | 0.9% | 0.9% | 1.1% | 1.2% | 1.2% | — |
Computed from HBT'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.
HBT valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), HBT Financial traded at 10.6 times earnings, against a 10-year median of 10.0. Based on the latest twelve months, the trailing P/E is 15.1. HBT Financial earned a return on equity of 13.3% in fiscal 2025. It ended the year with $65.2 million of debt and $837.5 million in cash and short-term investments, a net cash position of $772.3 million. It returned $31.1 million to shareholders: $26.6 million in dividends and $4.5 million in share buybacks, 42% of free cash flow. The share count rose 19.3% from 26.3M to 31.4M over 9 years.
See the HBT income statement, the HBT chart for price history, or the HBT stock overview for the latest quote and news.
HBT key metrics FAQ
What is HBT Financial's P/E ratio?
HBT Financial's trailing P/E ratio is 15.1 based on the last twelve months of earnings (as of October 18, 2026). At the end of fiscal 2025 it was 10.6, compared with a 10-year median of 10.0.
What is HBT Financial's EV/EBITDA?
HBT Financial's enterprise value was 0.4 times EBITDA at the end of fiscal 2025 (enterprise value $40.3 million, EBITDA $110.4 million).
What is HBT Financial's return on equity?
HBT Financial's return on equity (ROE) was 13.3% in fiscal 2025: net income of $77.0 million on average shareholders' equity of $580.1 million.
How much debt does HBT Financial have?
HBT Financial had total debt of $65.2 million at the end of fiscal 2025, a debt-to-equity ratio of 0.11 and more cash than debt.
What is HBT Financial's dividend yield?
HBT Financial's forward dividend yield is 2.81%. HBT Financial paid $26.6 million in dividends in fiscal 2025 ($0.85 per share), a payout ratio of 34.6%.
Does HBT Financial buy back its shares?
Yes. HBT Financial spent $4.5 million on net share repurchases in fiscal 2025 Shares outstanding changed −0.9% over the year, to 31.4M..
What is HBT Financial's free cash flow yield?
HBT Financial generated $74.8 million of free cash flow in fiscal 2025, a free cash flow yield of 9.2% on its market value at year-end ($812.6 million).
What is HBT Financial's current ratio?
HBT Financial's current ratio was 0.28 at the end of fiscal 2025: current assets were 0.28 times current liabilities.