Heritage Distilling Holding Company, Inc. (IPST) Key Metrics
IPST valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $1.8M
- Enterprise value
- $6.6M
- P/E (TTM)
- —
- Forward P/E
- 1.2
- PEG ratio
- —
- Price / sales
- 0.2
- Price / book
- 0.1
- EV / EBITDA
- 0.0
- Dividend yield
- —
- Beta
- —
IPST key metrics, 2021–2025
Fiscal year ended December 31, 2025 · U.S. dollarsIPST valuation Price multiples at each fiscal year-end price.
IPST returns How much profit the business earns on the capital it uses.
IPST per-share figures Results divided by the shares outstanding at year-end.
IPST financial health Debt, liquidity and how easily interest is covered.
IPST efficiency & capital use Working capital cycle and where the cash goes.
IPST valuation history
IPST returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
IPST debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
IPST cash returned to shareholders
IPST price vs earnings per share
IPST key metrics
2021–2025| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Valuation | |||||
| Market capitalization | $13.4M | $181.4M | — | — | — |
| Enterprise value | $17.9M | $198.1M | — | — | — |
| P/E ratio | — | 255.3 | — | — | — |
| Price / sales | 1.3 | 21.6 | — | — | — |
| Price / book | 0.1 | 229.1 | — | — | — |
| EV / sales | 1.8 | 23.6 | — | — | — |
| EV / EBITDA | — | 39.3 | — | — | — |
| Earnings yield | −1,024.1% | 0.4% | — | — | — |
| Free cash flow yield | −114.5% | −6.2% | — | — | — |
| Shareholder yield (dividends + buybacks) | 0.0% | 0.0% | — | — | — |
| Share price at fiscal year-end | $31.20 | $688.00 | — | — | — |
| Per share | |||||
| Revenue per share | $23.48 | $31.87 | $34.35 | $35.81 | $35.71 |
| Earnings per share | −$319.53 | $2.69 | −$158.59 | −$52.87 | −$31.11 |
| Operating cash flow per share | −$35.57 | −$42.53 | −$36.54 | −$40.06 | −$33.13 |
| Free cash flow per share | −$35.74 | −$42.94 | −$36.66 | −$42.82 | −$38.26 |
| Cash per share | $0.57 | $1.72 | $0.33 | $0.96 | $0.88 |
| Book value per share | $227.88 | $3.00 | −$187.13 | −$28.58 | $22.45 |
| Tangible book value per share | $15.12 | −$0.83 | −$187.13 | −$28.58 | $22.45 |
| Capex per share | $0.17 | $0.40 | $0.11 | $2.76 | $5.12 |
| Debt per share | $11.00 | $65.16 | $242.99 | $114.91 | $61.51 |
| Shares outstanding | 431K | 264K | 232K | 232K | 232K |
| Change in shares outstanding | +63.5% | +13.6% | 0.0% | 0.0% | — |
| Returns & profitability | |||||
| Return on equity (ROE) | −278.2% | — | — | — | −138.6% |
| Return on invested capital (ROIC) | −16.2% | −96.9% | −54.4% | −47.8% | −32.5% |
| Return on assets (ROA) | −201.4% | 2.6% | −135.7% | −46.4% | −29.0% |
| Return on tangible assets | −807.4% | 2.6% | −140.1% | −43.9% | −29.0% |
| Free cash flow margin | −152.2% | −134.7% | −106.7% | −119.6% | −107.1% |
| Income quality (OCF / net income) | — | −15.79 | — | — | — |
| Financial health | |||||
| Total debt | $4.7M | $17.2M | $56.4M | $26.7M | $14.3M |
| Cash & short-term investments | $245,282 | $453,162 | $76,878 | $223,034 | $205,278 |
| Net debt | $4.5M | $16.7M | $56.3M | $26.4M | $14.1M |
| Debt / equity | 0.05 | 21.70 | — | — | 2.74 |
| Debt / assets | 0.04 | 0.61 | 2.15 | 0.95 | 0.57 |
| Net debt / EBITDA | — | 3.31 | — | — | — |
| Current ratio | 0.31 | 0.28 | 0.08 | 0.25 | 0.71 |
| Quick ratio | 0.12 | 0.10 | 0.04 | 0.08 | 0.17 |
| Interest coverage | -7.5 | -5.9 | -4.5 | -4.5 | -3.0 |
| Working capital | −$6.1M | −$9.9M | −$57.6M | −$16.4M | −$2.3M |
| Invested capital | $102.7M | $17.5M | $12.9M | $19.8M | $19.3M |
| Tangible asset value | $6.5M | −$219,254 | −$43.4M | −$6.6M | $5.2M |
| Net current asset value | −$7.8M | −$23.3M | −$64.4M | −$29.1M | −$14.0M |
| Graham number | — | $13.49 | — | — | — |
| Graham net-net per share | −$21.38 | −$94.96 | −$291.73 | −$138.66 | −$73.91 |
| Capital allocation | |||||
| Share buybacks (net) | $2,000 | $3,690 | $11,340 | $12,960 | $0 |
| Capex / revenue | 0.7% | 1.3% | 0.3% | 7.7% | 14.3% |
| Capex / depreciation | 0.05 | 0.06 | 0.01 | 0.34 | 0.95 |
| Stock-based compensation / revenue | 1.2% | 58.2% | 0.2% | 1.0% | 0.9% |
| SG&A / revenue | 122.7% | 164.6% | 125.9% | 154.0% | 111.9% |
| Efficiency | |||||
| Days sales outstanding | 17.8 | 29.6 | 27.9 | 15.8 | 9.9 |
| Days of inventory on hand | 137.6 | 152.0 | 200.6 | 238.5 | 261.1 |
| Days payables outstanding | 232.7 | 296.8 | 262.8 | 147.2 | 106.5 |
| Cash conversion cycle (days) | -77.3 | -115.2 | -34.4 | 107.1 | 164.5 |
| Receivables turnover | 20.51 | 12.35 | 13.10 | 23.11 | 36.92 |
| Payables turnover | 1.57 | 1.23 | 1.39 | 2.48 | 3.43 |
| Inventory turnover | 2.65 | 2.40 | 1.82 | 1.53 | 1.40 |
| Asset turnover | 0.15 | 0.31 | 0.29 | 0.31 | 0.33 |
| Average receivables | $493,326 | $680,411 | $608,323 | $359,592 | $224,471 |
| Average payables | $3.5M | $5.1M | $4.2M | $2.5M | $1.8M |
| Average inventory | $2.1M | $2.6M | $3.2M | $4.0M | $4.3M |
| Intangibles / total assets | 84.3% | 3.6% | 0.0% | 0.0% | 0.0% |
Computed from IPST's annual financial statements (latest annual report filed April 14, 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.
IPST valuation and financial ratios
Heritage Distilling earned a return on equity of −278.2% and a return on invested capital of −16.2% in fiscal 2025. It ended the year with $4.7 million of debt and $0.2 million in cash and short-term investments, net debt of $4.5 million. It returned $0.0 million to shareholders: $0 in dividends and $0.0 million in share buybacks. The share count rose 85.7% from 232K to 431K over 4 years.
See the IPST income statement, the IPST chart for price history, or the IPST stock overview for the latest quote and news.
IPST key metrics FAQ
What is Heritage Distilling's return on equity?
Heritage Distilling's return on equity (ROE) was −278.2% in fiscal 2025: net income of -$137.7 million on average shareholders' equity of $49.5 million.
What is Heritage Distilling's ROIC?
Heritage Distilling's return on invested capital was −16.2% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Heritage Distilling have?
Heritage Distilling had total debt of $4.7 million at the end of fiscal 2025, a debt-to-equity ratio of 0.05.
Does Heritage Distilling buy back its shares?
Yes. Heritage Distilling spent $0.0 million on net share repurchases in fiscal 2025 Shares outstanding changed +63.5% over the year, to 431K..
What is Heritage Distilling's free cash flow yield?
Heritage Distilling generated -$15.4 million of free cash flow in fiscal 2025, a free cash flow yield of −114.5% on its market value at year-end ($13.4 million).
What is Heritage Distilling's current ratio?
Heritage Distilling's current ratio was 0.31 at the end of fiscal 2025: current assets were 0.31 times current liabilities.