Icon Energy Corp. (ICON) Key Metrics
ICON valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $3.7M
- Enterprise value
- $29.7M
- P/E (TTM)
- —
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 0.2
- Price / book
- 0.1
- EV / EBITDA
- 4.6
- Dividend yield
- —
- Beta
- 5.45
ICON key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsICON valuation Price multiples at each fiscal year-end price.
ICON returns How much profit the business earns on the capital it uses.
ICON per-share figures Results divided by the shares outstanding at year-end.
ICON financial health Debt, liquidity and how easily interest is covered.
ICON efficiency & capital use Working capital cycle and where the cash goes.
ICON valuation history
ICON returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
ICON debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
ICON cash returned to shareholders
ICON price vs earnings per share
ICON key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $4.1M | $548.8M | — | — | — | — | — | — | — | — |
| Enterprise value | $35.0M | $563.7M | — | — | — | — | — | — | — | — |
| Price / sales | 0.4 | 103.4 | — | — | — | — | — | — | — | — |
| Price / book | 0.2 | 46.7 | — | — | — | — | — | — | — | — |
| Price / operating cash flow | 5.2 | 635.1 | — | — | — | — | — | — | — | — |
| EV / sales | 3.1 | 106.2 | — | — | — | — | — | — | — | — |
| EV / EBITDA | 11.4 | 299.2 | — | — | — | — | — | — | — | — |
| Earnings yield | −101.7% | −0.0% | — | — | — | — | — | — | — | — |
| Free cash flow yield | −128.1% | −3.1% | — | — | — | — | — | — | — | — |
| Dividend yield | 3.7% | 0.0% | — | — | — | — | — | — | — | — |
| Shareholder yield (dividends + buybacks) | 3.7% | 0.6% | — | — | — | — | — | — | — | — |
| Share price at fiscal year-end | $3.35 | $446.00 | — | — | — | — | — | — | — | — |
| Per share | ||||||||||
| Revenue per share | $9.15 | $4.31 | $3.64 | $5.89 | $4.84 | $0.00 | $14.11 | $27.87 | $39.54 | $70.40 |
| Earnings per share | −$3.41 | −$0.17 | $0.94 | $3.45 | $2.70 | −$15.57 | −$10.56 | −$14.93 | −$85.67 | −$48.17 |
| Operating cash flow per share | $0.65 | $0.70 | $2.04 | $3.24 | $3.32 | $3.12 | $2.87 | $8.33 | $0.36 | $23.34 |
| Free cash flow per share | −$4.30 | −$13.95 | $2.02 | $3.06 | $2.92 | $3.03 | $2.24 | $7.84 | $0.17 | $21.50 |
| Cash per share | $3.15 | $0.77 | $2.20 | $2.89 | $1.97 | $10.01 | $5.25 | $9.89 | $11.54 | $28.55 |
| Book value per share | $17.37 | $9.55 | $7.45 | $11.64 | $10.34 | −$34.27 | −$21.02 | −$16.57 | −$3.62 | $105.35 |
| Tangible book value per share | $17.37 | $9.55 | $7.45 | $11.64 | $10.34 | −$75.96 | −$49.44 | −$70.60 | −$96.35 | −$168.36 |
| Dividends per share | $0.12 | $0.19 | $2.69 | $2.14 | $0.95 | — | — | — | — | — |
| Capex per share | $4.95 | $14.65 | $0.02 | $0.18 | $0.40 | $0.09 | $0.63 | $0.49 | $0.19 | $1.85 |
| Debt per share | $28.25 | $12.95 | — | — | — | $8.69 | $61.15 | $100.27 | $140.22 | $239.63 |
| Shares outstanding | 1.2M | 1.2M | 1.2M | 1.2M | 1.2M | 6.5M | 10.6M | 6.7M | 5.7M | 5.2M |
| Change in shares outstanding | 0.0% | 0.0% | 0.0% | 0.0% | −81.2% | −38.0% | +56.8% | +17.9% | +9.1% | +8.4% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −25.3% | −2.0% | 9.8% | 31.4% | — | — | — | — | — | −38.3% |
| Return on invested capital (ROIC) | 0.4% | 0.8% | 6.4% | 39.9% | — | — | 11.5% | 7.1% | 5.4% | 8.4% |
| Return on assets (ROA) | −9.6% | −1.0% | 8.4% | 29.1% | 1.7% | −23.2% | −19.6% | −13.4% | −34.0% | −11.1% |
| Return on tangible assets | −7.2% | −0.7% | 9.0% | 29.1% | 22.8% | −101.9% | −54.2% | −37.5% | −143.5% | −44.0% |
| Free cash flow margin | −47.0% | −323.2% | 55.5% | 52.0% | 60.2% | — | 15.9% | 28.1% | 0.4% | 30.5% |
| Income quality (OCF / net income) | — | — | 2.17 | 0.94 | 1.23 | — | — | — | — | — |
| Financial health | ||||||||||
| Total debt | $34.8M | $15.9M | — | — | — | $56.9M | $645.7M | $675.2M | $800.8M | $1.25B |
| Cash & short-term investments | $3.9M | $946,000 | $2.7M | $3.6M | $2.4M | $65.5M | $55.5M | $66.6M | $65.9M | $149.4M |
| Net debt | $30.9M | $15.0M | −$2.7M | −$3.6M | −$2.4M | −$8.7M | $590.3M | $608.6M | $734.9M | $1.10B |
| Debt / equity | 1.63 | 1.36 | — | — | — | — | — | — | — | 2.27 |
| Debt / assets | 0.59 | 0.55 | — | — | — | 0.15 | 1.28 | 1.07 | 0.92 | 0.63 |
| Net debt / EBITDA | 10.03 | 7.95 | −1.23 | −0.67 | −0.63 | — | — | — | — | — |
| Current ratio | 1.10 | 0.39 | 0.81 | 14.63 | 1.60 | 1.49 | 1.01 | 1.34 | 2.07 | 1.75 |
| Quick ratio | 1.03 | 0.35 | 0.80 | 14.15 | 1.57 | 1.49 | 1.01 | 1.34 | 2.07 | 1.75 |
| Interest coverage | 0.0 | 0.4 | 368.3 | — | — | -0.5 | 1.1 | 0.9 | 1.2 | 2.0 |
| Working capital | $446,000 | −$2.0M | −$691,000 | $3.8M | $1.1M | $32.8M | $1.7M | $38.9M | $120.5M | $190.1M |
| Invested capital | $52.3M | $26.7M | $6.5M | $10.8M | $10.3M | −$232.9M | $368.4M | $497.0M | $714.2M | $1.66B |
| Tangible asset value | $21.4M | $11.7M | $9.2M | $14.3M | $12.7M | −$537.0M | −$556.5M | −$509.5M | −$580.6M | −$937.9M |
| Net current asset value | −$32.0M | −$15.8M | −$691,000 | $3.8M | $1.1M | −$537.0M | −$628.8M | −$624.6M | −$688.3M | −$1.07B |
| Graham number | — | — | $12.55 | $30.05 | $25.04 | — | — | — | — | — |
| Graham net-net per share | −$26.67 | −$13.03 | −$0.67 | $2.89 | $0.73 | −$84.48 | −$62.90 | −$98.58 | −$139.66 | −$246.39 |
| Capital allocation | ||||||||||
| Dividends paid | $153,000 | $239,000 | $3.3M | $2.6M | $1.2M | — | — | — | — | — |
| Share buybacks (net) | $0 | $3.0M | $700,000 | $0 | $1.2M | — | $189,000 | $223,000 | $1.1M | $620,000 |
| Dividend payout ratio | — | — | 286.3% | 62.2% | 35.1% | — | — | — | — | — |
| Dividends + buybacks / free cash flow | — | — | 161.4% | 70.1% | 65.9% | — | 0.8% | 0.4% | 108.7% | 0.6% |
| Capex / revenue | 54.1% | 339.5% | 0.5% | 3.1% | 8.2% | — | 4.4% | 1.8% | 0.5% | 2.6% |
| Capex / operating cash flow | 761.7% | 2,086.2% | 0.9% | 5.6% | 12.0% | 2.9% | 21.9% | 5.9% | 52.2% | 7.9% |
| Capex / depreciation | 1.76 | 10.98 | 0.02 | 0.22 | 0.91 | 0.50 | 3.65 | 1.41 | 0.44 | 2.79 |
| SG&A / revenue | 9.6% | 6.5% | 0.4% | 0.2% | 0.2% | — | 56.4% | 64.7% | 50.7% | 56.1% |
| Efficiency | ||||||||||
| Days sales outstanding | 4.5 | 7.1 | 20.1 | 17.1 | 769.3 | — | 147.2 | 136.5 | 139.9 | 106.6 |
| Days of inventory on hand | 9.4 | 9.0 | 29.1 | 26.3 | 23.6 | — | — | — | — | — |
| Days payables outstanding | 36.8 | 22.8 | 40.2 | 213.8 | 6,691.6 | — | — | — | — | — |
| Cash conversion cycle (days) | -22.9 | -6.6 | 8.9 | -170.4 | -5,898.7 | — | — | — | — | — |
| Receivables turnover | 80.98 | 51.29 | 18.20 | 21.36 | 0.47 | 0.00 | 2.48 | 2.67 | 2.61 | 3.42 |
| Payables turnover | 9.92 | 16.04 | 9.08 | 1.71 | 0.05 | — | — | — | — | — |
| Inventory turnover | 39.01 | 40.44 | 12.55 | 13.86 | 15.47 | — | — | — | — | — |
| Asset turnover | 0.26 | 0.25 | 0.33 | 0.50 | 0.03 | 0.00 | 0.26 | 0.25 | 0.16 | 0.16 |
| Average receivables | $139,000 | $103,500 | $246,000 | $339,000 | $12.6M | $40.9M | $60.1M | $70.2M | $86.6M | $107.6M |
| Average payables | $878,500 | $239,500 | $132,000 | $767,500 | $15.6M | $29.8M | — | — | — | — |
| Average inventory | $223,500 | $95,000 | $95,500 | $94,500 | $55,000 | — | — | — | — | — |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 73.2% | 59.3% | 57.6% | 60.8% | 71.4% |
Computed from ICON's annual financial statements (latest annual report filed February 24, 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.
ICON valuation and financial ratios
Icon Energy earned a return on equity of −25.3% and a return on invested capital of 0.4% in fiscal 2025. It ended the year with $34.8 million of debt and $3.9 million in cash and short-term investments, net debt of $30.9 million. It returned $0.2 million to shareholders: $0.2 million in dividends and $0 in share buybacks. The share count fell 76.5% from 5.2M to 1.2M over 9 years.
See the ICON income statement, the ICON chart for price history, or the ICON stock overview for the latest quote and news.
ICON key metrics FAQ
What is Icon Energy's EV/EBITDA?
Icon Energy's enterprise value was 11.4 times EBITDA at the end of fiscal 2025 (enterprise value $35.0 million, EBITDA $3.1 million); the current EV/EBITDA is 4.6.
What is Icon Energy's return on equity?
Icon Energy's return on equity (ROE) was −25.3% in fiscal 2025: net income of -$4.2 million on average shareholders' equity of $16.6 million.
What is Icon Energy's ROIC?
Icon Energy's return on invested capital was 0.4% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Icon Energy have?
Icon Energy had total debt of $34.8 million at the end of fiscal 2025, a debt-to-equity ratio of 1.63 and $30.9 million of net debt (10.03 times EBITDA).
What is Icon Energy's dividend yield?
Icon Energy paid $0.2 million in dividends in fiscal 2025 ($0.12 per share), a payout ratio of —.
What is Icon Energy's free cash flow yield?
Icon Energy generated -$5.3 million of free cash flow in fiscal 2025, a free cash flow yield of −128.1% on its market value at year-end ($4.1 million).
What is Icon Energy's current ratio?
Icon Energy's current ratio was 1.10 at the end of fiscal 2025: current assets were 1.10 times current liabilities.