Kopin Corporation (KOPN) Key Metrics
KOPN valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $594.2M
- Enterprise value
- $898.2M
- P/E (TTM)
- 82.2
- Forward P/E
- 1,000.0
- PEG ratio
- 28.34
- Price / sales
- 13.6 10-yr median 5.2
- Price / book
- 13.3 10-yr median 5.2
- EV / EBITDA
- 123.4
- Dividend yield
- —
- Beta
- 3.59
KOPN key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsKOPN valuation Price multiples at each fiscal year-end price.
KOPN returns How much profit the business earns on the capital it uses.
KOPN per-share figures Results divided by the shares outstanding at year-end.
KOPN financial health Debt, liquidity and how easily interest is covered.
KOPN efficiency & capital use Working capital cycle and where the cash goes.
KOPN valuation history
KOPN returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
KOPN debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
KOPN cash returned to shareholders
KOPN price vs earnings per share
KOPN key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $409.9M | $180.7M | $221.2M | $113.4M | $363.6M | $200.1M | $32.2M | $73.1M | $223.7M | $181.9M |
| Enterprise value | $349.7M | $147.3M | $206.3M | $104.1M | $338.1M | $181.2M | $13.3M | $36.1M | $155.6M | $104.9M |
| P/E ratio | 157.2 | — | — | — | — | — | — | — | — | — |
| Price / sales | 10.7 | 3.6 | 5.5 | 2.4 | 8.0 | 5.0 | 1.1 | 3.0 | 8.0 | 8.0 |
| Price / book | 5.7 | 7.8 | 7.5 | 4.7 | 9.1 | 7.0 | 1.1 | 1.5 | 2.9 | 2.5 |
| EV / sales | 9.1 | 2.9 | 5.1 | 2.2 | 7.4 | 4.5 | 0.4 | 1.5 | 5.6 | 4.6 |
| EV / EBITDA | 96.0 | — | — | — | — | — | — | — | — | — |
| Earnings yield | 0.6% | −24.3% | −8.9% | −17.0% | −3.8% | −2.3% | −91.6% | −47.3% | −11.3% | −12.8% |
| Free cash flow yield | −4.1% | −8.3% | −7.3% | −16.3% | −3.2% | −2.5% | −65.8% | −40.2% | −12.8% | −14.6% |
| Dividend yield | 6.8% | — | — | — | — | — | — | 1.0% | 0.4% | 0.0% |
| Shareholder yield (dividends + buybacks) | 7.1% | 0.1% | 0.0% | 0.2% | 0.2% | 0.1% | 0.1% | 1.2% | 0.7% | 0.3% |
| Share price at fiscal year-end | $2.34 | $1.36 | $2.03 | $1.24 | $4.09 | $2.43 | $0.40 | $1.00 | $3.20 | $2.84 |
| Per share | ||||||||||
| Revenue per share | $0.22 | $0.38 | $0.37 | $0.52 | $0.51 | $0.49 | $0.37 | $0.33 | $0.40 | $0.35 |
| Earnings per share | $0.01 | −$0.33 | −$0.18 | −$0.21 | −$0.15 | −$0.06 | −$0.37 | −$0.47 | −$0.36 | −$0.36 |
| Operating cash flow per share | −$0.09 | −$0.11 | −$0.14 | −$0.19 | −$0.12 | −$0.05 | −$0.26 | −$0.39 | −$0.37 | −$0.41 |
| Free cash flow per share | −$0.10 | −$0.11 | −$0.15 | −$0.20 | −$0.13 | −$0.06 | −$0.26 | −$0.40 | −$0.41 | −$0.41 |
| Cash per share | $0.35 | $0.27 | $0.16 | $0.14 | $0.33 | $0.25 | $0.27 | $0.51 | $0.98 | $1.21 |
| Book value per share | $0.41 | $0.18 | $0.27 | $0.26 | $0.45 | $0.35 | $0.36 | $0.65 | $1.10 | $1.16 |
| Tangible book value per share | $0.41 | $0.18 | $0.27 | $0.26 | $0.45 | $0.35 | $0.35 | $0.65 | $1.06 | $1.13 |
| Dividends per share | $0.16 | — | — | — | — | — | — | $0.01 | $0.01 | $0.00 |
| Capex per share | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.02 | $0.04 | $0.01 |
| Debt per share | $0.01 | $0.02 | $0.02 | $0.04 | $0.04 | $0.02 | $0.04 | $0.00 | $0.01 | $0.00 |
| Shares outstanding | 175.1M | 132.9M | 109.0M | 91.4M | 88.9M | 82.3M | 80.3M | 73.2M | 69.9M | 64.0M |
| Change in shares outstanding | +31.8% | +21.9% | +19.2% | +2.8% | +8.0% | +2.6% | +9.7% | +4.6% | +9.2% | +0.9% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 5.5% | −166.2% | −73.6% | −60.4% | −40.4% | −15.9% | −77.2% | −55.4% | −33.4% | −27.7% |
| Return on invested capital (ROIC) | — | — | −92.1% | −117.9% | −91.4% | −39.3% | −203.0% | −289.6% | −805.9% | — |
| Return on assets (ROA) | 2.9% | −73.1% | −42.4% | −36.2% | −24.9% | −10.0% | −57.3% | −45.9% | −28.3% | −24.1% |
| Return on tangible assets | 2.4% | −62.0% | −40.0% | −44.2% | −21.9% | −9.5% | −69.6% | −58.3% | −28.7% | −27.1% |
| Free cash flow margin | −44.1% | −29.9% | −40.1% | −39.1% | −25.8% | −12.4% | −71.8% | −120.0% | −103.1% | −117.3% |
| Income quality (OCF / net income) | −5.96 | — | — | — | — | — | — | — | — | — |
| Financial health | ||||||||||
| Total debt | $1.5M | $2.1M | $2.5M | $3.4M | $3.8M | $1.8M | $2.8M | $254,098 | $644,048 | $246,922 |
| Cash & short-term investments | $61.6M | $35.6M | $17.4M | $12.6M | $29.3M | $20.7M | $21.8M | $37.2M | $68.8M | $77.2M |
| Net debt | −$60.1M | −$33.5M | −$14.9M | −$9.3M | −$25.5M | −$18.9M | −$18.9M | −$37.0M | −$68.1M | −$77.0M |
| Debt / equity | 0.02 | 0.09 | 0.08 | 0.14 | 0.10 | 0.06 | 0.10 | 0.01 | 0.01 | 0.00 |
| Debt / assets | 0.01 | 0.03 | 0.05 | 0.08 | 0.06 | 0.04 | 0.07 | 0.00 | 0.01 | 0.00 |
| Net debt / EBITDA | −16.51 | — | — | — | — | — | — | — | — | — |
| Current ratio | 2.70 | 1.43 | 2.51 | 2.13 | 2.98 | 2.34 | 2.99 | 4.77 | 6.61 | 6.24 |
| Quick ratio | 2.54 | 1.29 | 2.03 | 1.69 | 2.60 | 2.07 | 2.65 | 4.30 | 6.19 | 5.99 |
| Interest coverage | — | — | — | -8.4 | -16.4 | -4.2 | -41.2 | -56.3 | -39.1 | -31.1 |
| Working capital | $57.8M | $18.9M | $24.0M | $16.4M | $34.7M | $22.6M | $22.5M | $39.0M | $67.9M | $70.0M |
| Invested capital | $11.5M | −$10.2M | $14.6M | $14.9M | $14.3M | $9.5M | $9.7M | $10.9M | $8.8M | −$2.8M |
| Tangible asset value | $71.7M | $23.3M | $29.5M | $24.0M | $39.6M | $28.3M | $27.9M | $47.4M | $73.9M | $72.5M |
| Net current asset value | $55.1M | $15.4M | $20.0M | $11.1M | $28.8M | $20.2M | $19.3M | $37.6M | $66.1M | $69.8M |
| Graham number | $0.37 | — | — | — | — | — | — | — | — | — |
| Graham net-net per share | $0.25 | $0.04 | $0.10 | $0.04 | $0.23 | $0.16 | $0.18 | $0.44 | $0.87 | $1.04 |
| Capital allocation | ||||||||||
| Dividends paid | $28.0M | — | — | — | — | — | — | $699,110 | $791,740 | $0 |
| Share buybacks (net) | $1.0M | $266,885 | $103,127 | $198,740 | $602,080 | $139,926 | $45,513 | $208,015 | $771,323 | $510,597 |
| Capex / revenue | 3.7% | 1.6% | 2.4% | 1.8% | 2.3% | 1.4% | 0.6% | 4.8% | 10.0% | 1.7% |
| Capex / depreciation | 1.73 | 1.28 | 1.56 | 1.15 | 1.55 | 0.83 | 0.21 | 0.60 | 1.12 | 0.40 |
| Stock-based compensation / revenue | 7,883.1% | 6.6% | 9.6% | 2.7% | 9.7% | 2.0% | 7.0% | 19.6% | 8.2% | 10.7% |
| R&D / revenue | 26.4% | 19.1% | 26.7% | 39.4% | 35.7% | 29.1% | 45.2% | 71.3% | 67.8% | 70.8% |
| SG&A / revenue | 42.4% | 45.4% | 54.1% | 106.6% | 94.5% | 29.5% | 72.2% | 111.2% | 73.8% | 74.9% |
| Efficiency | ||||||||||
| Days sales outstanding | 193.3 | 116.2 | 107.2 | 96.3 | 108.7 | 89.7 | 81.1 | 80.8 | 41.7 | 147.3 |
| Days of inventory on hand | 76.3 | 62.7 | 102.6 | 55.4 | 80.4 | 70.1 | 62.2 | 87.0 | 71.2 | 57.0 |
| Days payables outstanding | 73.8 | 49.7 | 76.0 | 46.5 | 80.8 | 81.9 | 57.5 | 77.9 | 78.8 | 81.6 |
| Cash conversion cycle (days) | 195.8 | 129.2 | 133.8 | 105.2 | 108.3 | 77.9 | 85.8 | 90.0 | 34.1 | 122.8 |
| Receivables turnover | 1.89 | 3.14 | 3.41 | 3.79 | 3.36 | 4.07 | 4.50 | 4.51 | 8.76 | 2.48 |
| Payables turnover | 4.94 | 7.34 | 4.80 | 7.84 | 4.52 | 4.46 | 6.34 | 4.69 | 4.63 | 4.47 |
| Inventory turnover | 4.78 | 5.82 | 3.56 | 6.59 | 4.54 | 5.20 | 5.86 | 4.20 | 5.13 | 6.40 |
| Asset turnover | 0.43 | 0.84 | 0.87 | 0.89 | 0.83 | 0.89 | 0.57 | 0.33 | 0.31 | 0.23 |
| Average receivables | $20.4M | $16.0M | $11.9M | $12.5M | $13.6M | $9.9M | $6.6M | $5.4M | $3.2M | $9.1M |
| Average payables | $5.6M | $5.4M | $5.2M | $5.5M | $5.5M | $4.8M | $4.0M | $4.4M | $4.6M | $4.2M |
| Average inventory | $5.8M | $6.9M | $7.0M | $6.5M | $5.5M | $4.1M | $4.3M | $4.9M | $4.2M | $2.9M |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 1.5% | 1.1% | 2.9% | 1.9% |
Computed from KOPN's annual financial statements (latest annual report filed April 13, 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.
KOPN valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Kopin traded at 157.2 times earnings. Based on the latest twelve months, the trailing P/E is 82.2 and the forward P/E is 1,000.0. Kopin earned a return on equity of 5.5% in fiscal 2025. It ended the year with $1.5 million of debt and $61.6 million in cash and short-term investments, a net cash position of $60.1 million. It returned $29.0 million to shareholders: $28.0 million in dividends and $1.0 million in share buybacks. The share count rose 173.5% from 64.0M to 175.1M over 9 years.
See the KOPN income statement, the KOPN chart for price history, or the KOPN stock overview for the latest quote and news.
KOPN key metrics FAQ
What is Kopin's P/E ratio?
Kopin's trailing P/E ratio is 82.2 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 1,000.0. At the end of fiscal 2025 it was 157.2.
What is Kopin's EV/EBITDA?
Kopin's enterprise value was 96.0 times EBITDA at the end of fiscal 2025 (enterprise value $349.7 million, EBITDA $3.6 million); the current EV/EBITDA is 123.4.
What is Kopin's return on equity?
Kopin's return on equity (ROE) was 5.5% in fiscal 2025: net income of $2.6 million on average shareholders' equity of $47.5 million.
How much debt does Kopin have?
Kopin had total debt of $1.5 million at the end of fiscal 2025, a debt-to-equity ratio of 0.02 and more cash than debt.
What is Kopin's dividend yield?
Kopin paid $28.0 million in dividends in fiscal 2025 ($0.16 per share), a payout ratio of —.
Does Kopin buy back its shares?
Yes. Kopin spent $1.0 million on net share repurchases in fiscal 2025 Shares outstanding changed +31.8% over the year, to 175.1M..
What is Kopin's free cash flow yield?
Kopin generated -$17.0 million of free cash flow in fiscal 2025, a free cash flow yield of −4.1% on its market value at year-end ($409.9 million).
What is Kopin's current ratio?
Kopin's current ratio was 2.70 at the end of fiscal 2025: current assets were 2.70 times current liabilities.