Liquidity Services, Inc. (LQDT) Key Metrics
LQDT valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $1.37B
- Enterprise value
- $1.13B
- P/E (TTM)
- 43.0 10-yr median 26.9
- Forward P/E
- 24.6
- PEG ratio
- 1.78
- Price / sales
- 2.8 10-yr median 1.5
- Price / book
- 5.7 10-yr median 2.9
- EV / EBITDA
- 20.6 10-yr median 14.6
- Dividend yield
- —
- Beta
- 1.04
LQDT key metrics, FY2016–FY2025
Fiscal year ended September 30, 2025 · U.S. dollarsLQDT valuation Price multiples at each fiscal year-end price.
LQDT returns How much profit the business earns on the capital it uses.
LQDT per-share figures Results divided by the shares outstanding at year-end.
LQDT financial health Debt, liquidity and how easily interest is covered.
LQDT efficiency & capital use Working capital cycle and where the cash goes.
LQDT valuation history
LQDT returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
LQDT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
LQDT cash returned to shareholders
LQDT price vs earnings per share
LQDT key metrics
FY2016–FY2025| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $889.0M | $721.3M | $565.2M | $548.3M | $756.9M | $250.7M | $244.7M | $203.8M | $185.3M | $344.4M |
| Enterprise value | $717.3M | $580.2M | $457.9M | $464.9M | $665.1M | $186.3M | $178.5M | $127.5M | $94.0M | $240.5M |
| P/E ratio | 31.6 | 36.1 | 26.9 | 13.6 | 14.9 | — | — | — | — | — |
| Price / sales | 1.9 | 2.0 | 1.8 | 2.0 | 2.9 | 1.2 | 1.1 | 0.9 | 0.7 | 1.1 |
| Price / book | 4.4 | 4.0 | 3.5 | 3.5 | 5.6 | 2.2 | 2.1 | 1.6 | 1.4 | 2.1 |
| Price / free cash flow | 15.1 | 11.8 | 13.6 | 14.9 | 12.6 | 20.5 | — | — | — | 8.2 |
| Price / operating cash flow | 13.3 | 10.3 | 12.0 | 12.2 | 11.6 | 15.2 | — | 329.3 | — | 7.1 |
| EV / sales | 1.5 | 1.6 | 1.5 | 1.7 | 2.6 | 0.9 | 0.8 | 0.6 | 0.3 | 0.8 |
| EV / EBITDA | 14.4 | 14.7 | 12.3 | 14.0 | 19.3 | 71.8 | — | — | — | — |
| EV / free cash flow | 12.2 | 9.5 | 11.0 | 12.7 | 11.1 | 15.2 | — | — | — | 5.7 |
| Earnings yield | 3.2% | 2.8% | 3.7% | 7.4% | 6.7% | −1.5% | −7.9% | −5.7% | −21.2% | −17.4% |
| Free cash flow yield | 6.6% | 8.5% | 7.4% | 6.7% | 7.9% | 4.9% | −5.0% | −1.8% | −21.4% | 12.3% |
| Dividend yield | — | — | 0.1% | — | 0.1% | 0.0% | — | 0.0% | 0.0% | 0.0% |
| Shareholder yield (dividends + buybacks) | 1.8% | 1.3% | 3.8% | 4.6% | 4.2% | 1.6% | 0.0% | 0.0% | 0.0% | 0.0% |
| Share price at fiscal year-end | $27.43 | $22.80 | $17.62 | $16.26 | $21.61 | $7.46 | $7.40 | $6.35 | $5.90 | $11.24 |
| Per share | ||||||||||
| Revenue per share | $14.71 | $11.49 | $9.80 | $8.31 | $7.35 | $6.13 | $6.85 | $7.00 | $8.60 | $10.33 |
| Earnings per share | $0.87 | $0.63 | $0.65 | $1.20 | $1.45 | −$0.11 | −$0.58 | −$0.36 | −$1.25 | −$1.96 |
| Operating cash flow per share | $2.06 | $2.22 | $1.47 | $1.33 | $1.87 | $0.49 | −$0.19 | $0.02 | −$1.01 | $1.58 |
| Free cash flow per share | $1.82 | $1.94 | $1.30 | $1.09 | $1.71 | $0.36 | −$0.37 | −$0.11 | −$1.26 | $1.38 |
| Cash per share | $5.73 | $4.92 | $3.68 | $2.90 | $3.04 | $2.26 | $2.01 | $2.44 | $3.00 | $4.39 |
| Book value per share | $6.27 | $5.77 | $5.04 | $4.58 | $3.85 | $3.33 | $3.51 | $4.04 | $4.22 | $5.31 |
| Tangible book value per share | $2.69 | $2.24 | $1.86 | $1.46 | $2.05 | $1.40 | $1.53 | $1.95 | $2.76 | $3.75 |
| Dividends per share | — | — | $0.02 | — | $0.01 | $0.00 | — | $0.00 | $0.00 | $0.00 |
| Capex per share | $0.24 | $0.28 | $0.17 | $0.24 | $0.16 | $0.13 | $0.18 | $0.13 | $0.25 | $0.20 |
| Debt per share | $0.44 | $0.46 | $0.34 | $0.43 | $0.42 | $0.34 | $0.01 | $0.07 | $0.10 | $1.00 |
| Shares outstanding | 32.4M | 31.6M | 32.1M | 33.7M | 35.0M | 33.6M | 33.1M | 32.1M | 31.4M | 30.6M |
| Change in shares outstanding | +2.5% | −1.4% | −4.9% | −3.7% | +4.2% | +1.7% | +3.0% | +2.2% | +2.5% | +2.2% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 14.6% | 11.6% | 13.3% | 27.9% | 41.3% | −3.3% | −15.7% | −8.9% | −26.5% | −31.7% |
| Return on invested capital (ROIC) | 68.4% | 35.9% | 30.1% | 70.1% | 59.9% | −6.3% | −29.8% | −36.3% | −63.5% | −25.5% |
| Return on assets (ROA) | 7.8% | 6.1% | 6.8% | 14.3% | 22.5% | −2.0% | −9.9% | −5.6% | −16.5% | −21.8% |
| Return on tangible assets | 10.9% | 8.5% | 10.3% | 20.0% | 26.5% | −2.9% | −15.8% | −8.6% | −23.1% | −28.2% |
| Free cash flow margin | 12.4% | 16.9% | 13.2% | 13.1% | 23.3% | 5.9% | −5.4% | −1.6% | −14.7% | 13.3% |
| Income quality (OCF / net income) | 2.38 | 3.51 | 2.24 | 1.11 | 1.28 | — | — | — | — | — |
| Financial health | ||||||||||
| Total debt | $14.1M | $14.4M | $10.9M | $14.6M | $14.6M | $11.6M | $320,000 | $2.1M | $3.1M | $30.6M |
| Cash & short-term investments | $185.8M | $155.5M | $118.2M | $97.9M | $106.3M | $76.0M | $66.5M | $78.4M | $94.3M | $134.5M |
| Net debt | −$171.7M | −$141.1M | −$107.3M | −$83.4M | −$91.7M | −$64.5M | −$66.2M | −$76.3M | −$91.3M | −$103.9M |
| Debt / equity | 0.07 | 0.08 | 0.07 | 0.09 | 0.11 | 0.10 | 0.00 | 0.02 | 0.02 | 0.19 |
| Debt / assets | 0.04 | 0.04 | 0.04 | 0.05 | 0.06 | 0.06 | 0.00 | 0.01 | 0.01 | 0.12 |
| Net debt / EBITDA | −3.44 | −3.58 | −2.87 | −2.51 | −2.66 | −24.86 | — | — | — | — |
| Current ratio | 1.38 | 1.27 | 1.19 | 1.03 | 1.19 | 1.27 | 1.31 | 1.50 | 1.96 | 2.16 |
| Quick ratio | 1.29 | 1.16 | 1.10 | 0.94 | 1.08 | 1.20 | 1.22 | 1.36 | 1.67 | 1.84 |
| Interest coverage | — | — | — | 191.1 | 10.8 | -4.3 | -15.7 | — | -111.2 | -28.0 |
| Working capital | $60.9M | $41.8M | $23.4M | $4.3M | $21.1M | $20.3M | $21.1M | $34.5M | $68.2M | $99.4M |
| Invested capital | $31.5M | $41.5M | $54.3M | $71.1M | $43.3M | $47.4M | $50.0M | $53.3M | $41.4M | $58.7M |
| Tangible asset value | $87.0M | $70.9M | $59.7M | $49.4M | $71.7M | $47.2M | $50.7M | $62.5M | $86.8M | $114.8M |
| Net current asset value | $50.6M | $32.6M | −$422,000 | −$24.5M | $9.7M | $9.8M | $18.8M | $30.8M | $56.3M | $87.4M |
| Graham number | $11.06 | $9.06 | $8.61 | $11.10 | $11.23 | — | — | — | — | — |
| Graham net-net per share | $0.94 | $0.30 | −$0.44 | −$1.16 | −$0.09 | −$0.01 | $0.17 | $0.47 | $1.06 | $1.94 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | $496,000 | — | $445,000 | $111,000 | — | $0 | $0 | $0 |
| Share buybacks (net) | $16.2M | $9.4M | $21.2M | $25.4M | $31.1M | $4.0M | $44,000 | $0 | $0 | $0 |
| Dividend payout ratio | — | — | 2.4% | — | 0.9% | — | — | — | — | — |
| Dividends + buybacks / free cash flow | 27.4% | 15.4% | 52.1% | 69.3% | 52.7% | 33.5% | — | — | — | 0.0% |
| Capex / revenue | 1.6% | 2.5% | 1.7% | 2.9% | 2.1% | 2.1% | 2.6% | 1.9% | 2.9% | 1.9% |
| Capex / operating cash flow | 11.7% | 12.7% | 11.5% | 18.1% | 8.3% | 25.8% | — | 680.0% | — | 12.7% |
| Capex / depreciation | 0.75 | 0.73 | 0.48 | 0.79 | 0.78 | 0.68 | 1.17 | 0.92 | 1.37 | 0.95 |
| Stock-based compensation / revenue | 3.0% | 3.1% | 2.6% | 3.0% | 2.7% | 2.7% | 2.9% | 2.9% | 2.7% | 3.9% |
| R&D / revenue | — | — | 1.8% | 19.8% | 18.5% | 20.5% | 0.5% | 0.6% | 0.1% | — |
| SG&A / revenue | 19.7% | 23.9% | 24.7% | 10.1% | 25.9% | 31.5% | 58.9% | 62.2% | 64.3% | 53.9% |
| Efficiency | ||||||||||
| Days sales outstanding | 9.7 | 10.9 | 12.4 | 12.5 | 9.8 | 15.2 | 11.8 | 16.1 | 17.9 | 29.6 |
| Days of inventory on hand | 21.3 | 28.9 | 29.2 | 36.9 | 30.6 | 21.8 | 28.4 | 56.3 | 69.9 | 67.7 |
| Days payables outstanding | 81.9 | 100.2 | 104.0 | 126.2 | 106.0 | 70.3 | 51.5 | 49.2 | 33.0 | 24.5 |
| Cash conversion cycle (days) | -50.8 | -60.4 | -62.3 | -76.8 | -65.6 | -33.4 | -11.2 | 23.2 | 54.8 | 72.8 |
| Receivables turnover | 37.47 | 33.46 | 29.33 | 29.24 | 37.36 | 24.05 | 30.87 | 22.65 | 20.37 | 12.35 |
| Payables turnover | 4.46 | 3.64 | 3.51 | 2.89 | 3.44 | 5.19 | 7.09 | 7.43 | 11.06 | 14.88 |
| Inventory turnover | 17.13 | 12.63 | 12.49 | 9.89 | 11.91 | 16.77 | 12.83 | 6.49 | 5.22 | 5.39 |
| Asset turnover | 1.32 | 1.11 | 1.03 | 1.00 | 1.14 | 1.07 | 1.16 | 1.08 | 1.14 | 1.15 |
| Average receivables | $12.7M | $10.9M | $10.7M | $9.6M | $6.9M | $8.6M | $7.3M | $9.9M | $13.3M | $25.6M |
| Average payables | $60.1M | $48.9M | $40.5M | $41.3M | $31.3M | $18.5M | $14.5M | $13.5M | $11.4M | $9.6M |
| Average inventory | $15.6M | $14.1M | $11.4M | $12.1M | $9.0M | $5.7M | $8.0M | $15.4M | $24.2M | $26.6M |
| Intangibles / total assets | 31.0% | 32.2% | 33.3% | 34.3% | 24.8% | 32.9% | 35.0% | 33.3% | 21.3% | 18.4% |
Computed from LQDT's annual financial statements (latest annual report filed November 20, 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.
LQDT valuation and financial ratios
At the end of fiscal 2025 (September 30, 2025), Liquidity Services traded at 31.6 times earnings, against a 10-year median of 26.9. Based on the latest twelve months, the trailing P/E is 43.0 and the forward P/E is 24.6. Liquidity Services earned a return on equity of 14.6% and a return on invested capital of 68.4% in fiscal 2025. It ended the year with $14.1 million of debt and $185.8 million in cash and short-term investments, a net cash position of $171.7 million. It returned $16.2 million to shareholders: $0 in dividends and $16.2 million in share buybacks, 27% of free cash flow. The share count rose 5.8% from 30.6M to 32.4M over 9 years.
See the LQDT income statement, the LQDT chart for price history, or the LQDT stock overview for the latest quote and news.
LQDT key metrics FAQ
What is Liquidity Services's P/E ratio?
Liquidity Services's trailing P/E ratio is 43.0 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 24.6. At the end of fiscal 2025 it was 31.6, compared with a 10-year median of 26.9.
What is Liquidity Services's EV/EBITDA?
Liquidity Services's enterprise value was 14.4 times EBITDA at the end of fiscal 2025 (enterprise value $717.3 million, EBITDA $49.9 million); the current EV/EBITDA is 20.6.
What is Liquidity Services's return on equity?
Liquidity Services's return on equity (ROE) was 14.6% in fiscal 2025: net income of $28.1 million on average shareholders' equity of $192.9 million.
What is Liquidity Services's ROIC?
Liquidity Services's return on invested capital was 68.4% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Liquidity Services have?
Liquidity Services had total debt of $14.1 million at the end of fiscal 2025, a debt-to-equity ratio of 0.07 and more cash than debt.
Does Liquidity Services buy back its shares?
Yes. Liquidity Services spent $16.2 million on net share repurchases in fiscal 2025 Shares outstanding changed +2.5% over the year, to 32.4M..
What is Liquidity Services's free cash flow yield?
Liquidity Services generated $59.0 million of free cash flow in fiscal 2025, a free cash flow yield of 6.6% on its market value at year-end ($889.0 million).
What is Liquidity Services's current ratio?
Liquidity Services's current ratio was 1.38 at the end of fiscal 2025: current assets were 1.38 times current liabilities.