Innovative Aerosystems, Inc. (IA) Key Metrics
IA valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $346.3M
- Enterprise value
- $368.4M
- P/E (TTM)
- 18.3 10-yr median 19.2
- Forward P/E
- 9.5
- PEG ratio
- 0.83
- Price / sales
- 3.7 10-yr median 3.2
- Price / book
- 4.2 10-yr median 3.4
- EV / EBITDA
- 11.8 10-yr median 14.4
- Dividend yield
- —
- Beta
- 0.60
IA key metrics, FY2022–FY2025
Fiscal year ended September 30, 2025 · U.S. dollarsIA valuation Price multiples at each fiscal year-end price.
IA returns How much profit the business earns on the capital it uses.
IA per-share figures Results divided by the shares outstanding at year-end.
IA financial health Debt, liquidity and how easily interest is covered.
IA efficiency & capital use Working capital cycle and where the cash goes.
IA valuation history
IA returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
IA debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
IA price vs earnings per share
IA key metrics
FY2022–FY2025| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Valuation | ||||
| Market capitalization | $222.7M | $114.1M | $132.6M | $149.4M |
| Enterprise value | $244.1M | $141.6M | $147.0M | $132.2M |
| P/E ratio | 14.2 | 16.3 | 22.0 | 27.1 |
| Price / sales | 2.6 | 2.4 | 3.8 | 5.4 |
| Price / book | 3.4 | 2.4 | 3.4 | 4.9 |
| Price / free cash flow | 32.8 | 22.2 | 73.8 | 25.2 |
| Price / operating cash flow | 16.7 | 19.7 | 63.3 | 24.5 |
| EV / sales | 2.9 | 3.0 | 4.2 | 4.8 |
| EV / EBITDA | 9.6 | 11.9 | 16.8 | 17.1 |
| EV / free cash flow | 35.9 | 27.6 | 81.8 | 22.3 |
| Earnings yield | 7.0% | 6.1% | 4.5% | 3.7% |
| Free cash flow yield | 3.0% | 4.5% | 1.4% | 4.0% |
| Dividend yield | — | — | 0.0% | 0.0% |
| Shareholder yield (dividends + buybacks) | — | — | 0.0% | 0.0% |
| Share price at fiscal year-end | $12.49 | $6.52 | $7.60 | $8.63 |
| Per share | ||||
| Revenue per share | $4.73 | $2.70 | $2.00 | $1.60 |
| Earnings per share | $0.88 | $0.40 | $0.35 | $0.32 |
| Operating cash flow per share | $0.75 | $0.33 | $0.12 | $0.35 |
| Free cash flow per share | $0.38 | $0.29 | $0.10 | $0.34 |
| Cash per share | $0.15 | $0.03 | $0.18 | $1.00 |
| Book value per share | $3.62 | $2.66 | $2.21 | $1.78 |
| Tangible book value per share | $1.92 | $0.82 | $1.08 | $1.77 |
| Dividends per share | — | — | $0.00 | $0.00 |
| Capex per share | $0.37 | $0.04 | $0.02 | $0.01 |
| Debt per share | $1.35 | $1.60 | $1.00 | — |
| Shares outstanding | 17.8M | 17.5M | 17.4M | 17.3M |
| Change in shares outstanding | +1.9% | +0.3% | +0.8% | — |
| Returns & profitability | ||||
| Return on equity (ROE) | 28.1% | 16.4% | 17.4% | 18.0% |
| Return on invested capital (ROIC) | 19.6% | 12.0% | 17.5% | 42.2% |
| Return on assets (ROA) | 16.8% | 9.6% | 12.3% | 15.9% |
| Return on tangible assets | 21.4% | 14.0% | 13.9% | 15.9% |
| Free cash flow margin | 8.1% | 10.9% | 5.2% | 21.4% |
| Income quality (OCF / net income) | 0.85 | 0.83 | 0.35 | 1.10 |
| Financial health | ||||
| Total debt | $24.1M | $28.0M | $17.5M | — |
| Cash & short-term investments | $2.7M | $538,977 | $3.1M | $17.3M |
| Net debt | $21.4M | $27.5M | $14.4M | −$17.3M |
| Debt / equity | 0.37 | 0.60 | 0.45 | — |
| Debt / assets | 0.23 | 0.34 | 0.28 | — |
| Net debt / EBITDA | 0.84 | 2.31 | 1.65 | −2.24 |
| Current ratio | 3.04 | 4.77 | 5.42 | 7.16 |
| Quick ratio | 1.50 | 3.02 | 4.46 | 5.80 |
| Interest coverage | 11.6 | 10.3 | 18.7 | — |
| Working capital | $34.1M | $27.4M | $28.3M | $24.3M |
| Invested capital | $86.0M | $74.1M | $53.0M | $13.5M |
| Tangible asset value | $34.3M | $14.4M | $18.9M | $30.7M |
| Net current asset value | $12.0M | −$1.1M | $10.4M | $24.2M |
| Graham number | $8.45 | $4.90 | $4.15 | $3.57 |
| Graham net-net per share | −$0.53 | −$1.11 | −$0.62 | $1.11 |
| Capital allocation | ||||
| Dividends paid | — | — | $0 | $0 |
| Dividend payout ratio | — | — | 0.0% | 0.0% |
| Dividends + buybacks / free cash flow | — | — | 0.0% | 0.0% |
| Capex / revenue | 7.7% | 1.4% | 0.9% | 0.6% |
| Capex / operating cash flow | 49.0% | 11.3% | 14.2% | 2.6% |
| Capex / depreciation | 1.74 | 0.31 | 0.43 | 0.44 |
| Stock-based compensation / revenue | 2.8% | 2.1% | 4.2% | 1.2% |
| R&D / revenue | 4.7% | 8.8% | 9.0% | 9.8% |
| SG&A / revenue | 19.5% | 25.7% | 31.1% | 24.3% |
| Efficiency | ||||
| Days sales outstanding | 66.9 | 86.4 | 73.6 | 56.5 |
| Days of inventory on hand | 160.6 | 161.8 | 155.3 | 176.4 |
| Days payables outstanding | 24.6 | 31.3 | 27.7 | 23.4 |
| Cash conversion cycle (days) | 202.9 | 216.9 | 201.3 | 209.6 |
| Receivables turnover | 5.46 | 4.22 | 4.96 | 6.46 |
| Payables turnover | 14.86 | 11.65 | 13.19 | 15.61 |
| Inventory turnover | 2.27 | 2.26 | 2.35 | 2.07 |
| Asset turnover | 0.91 | 0.65 | 0.71 | 0.80 |
| Average receivables | $15.4M | $11.2M | $7.0M | $4.3M |
| Average payables | $2.9M | $1.8M | $1.0M | $708,845 |
| Average inventory | $19.3M | $9.4M | $5.7M | $5.3M |
| Intangibles / total assets | 29.3% | 39.1% | 31.4% | 0.2% |
Computed from IA's annual financial statements (latest annual report filed September 30, 2025) 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.
IA valuation and financial ratios
At the end of fiscal 2025 (September 30, 2025), Innovative Aerosystems traded at 14.2 times earnings, against a 4-year median of 19.2. Based on the latest twelve months, the trailing P/E is 18.3 and the forward P/E is 9.5. Innovative Aerosystems earned a return on equity of 28.1% and a return on invested capital of 19.6% in fiscal 2025. It ended the year with $24.1 million of debt and $2.7 million in cash and short-term investments, net debt of $21.4 million.
See the IA income statement, the IA chart for price history, or the IA stock overview for the latest quote and news.
IA key metrics FAQ
What is Innovative Aerosystems's P/E ratio?
Innovative Aerosystems's trailing P/E ratio is 18.3 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 9.5. At the end of fiscal 2025 it was 14.2, compared with a 4-year median of 19.2.
What is Innovative Aerosystems's EV/EBITDA?
Innovative Aerosystems's enterprise value was 9.6 times EBITDA at the end of fiscal 2025 (enterprise value $244.1 million, EBITDA $25.4 million); the current EV/EBITDA is 11.8.
What is Innovative Aerosystems's return on equity?
Innovative Aerosystems's return on equity (ROE) was 28.1% in fiscal 2025: net income of $15.6 million on average shareholders' equity of $55.6 million.
What is Innovative Aerosystems's ROIC?
Innovative Aerosystems's return on invested capital was 19.6% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Innovative Aerosystems have?
Innovative Aerosystems had total debt of $24.1 million at the end of fiscal 2025, a debt-to-equity ratio of 0.37 and $21.4 million of net debt (0.84 times EBITDA).
What is Innovative Aerosystems's free cash flow yield?
Innovative Aerosystems generated $6.8 million of free cash flow in fiscal 2025, a free cash flow yield of 3.0% on its market value at year-end ($222.7 million).
What is Innovative Aerosystems's current ratio?
Innovative Aerosystems's current ratio was 3.04 at the end of fiscal 2025: current assets were 3.04 times current liabilities.