Lyft, Inc. (LYFT) Key Metrics
LYFT valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $6.37B
- Enterprise value
- $5.07B
- P/E (TTM)
- 2.5
- Forward P/E
- 9.3
- PEG ratio
- 0.28
- Price / sales
- 0.9 10-yr median 1.3
- Price / book
- 1.9 10-yr median 9.2
- EV / EBITDA
- 31.4
- Dividend yield
- —
- Beta
- 1.96
LYFT key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsLYFT valuation Price multiples at each fiscal year-end price.
LYFT returns How much profit the business earns on the capital it uses.
LYFT per-share figures Results divided by the shares outstanding at year-end.
LYFT financial health Debt, liquidity and how easily interest is covered.
LYFT efficiency & capital use Working capital cycle and where the cash goes.
LYFT valuation history
LYFT returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
LYFT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
LYFT cash returned to shareholders
LYFT price vs earnings per share
LYFT key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $8.09B | $5.34B | $5.78B | $3.91B | $14.30B | $15.34B | $9.79B | — | — | — |
| Enterprise value | $7.53B | $4.52B | $5.13B | $3.17B | $13.02B | $14.08B | $7.41B | — | — | — |
| P/E ratio | 2.8 | 234.2 | — | — | — | — | — | — | — | — |
| Price / sales | 1.3 | 0.9 | 1.3 | 1.0 | 4.5 | 6.5 | 2.7 | — | — | — |
| Price / book | 2.5 | 7.0 | 10.7 | 10.1 | 10.7 | 9.2 | 3.4 | — | — | — |
| Price / free cash flow | 7.3 | 7.0 | — | — | — | — | — | — | — | — |
| Price / operating cash flow | 6.9 | 6.3 | — | — | — | — | — | — | — | — |
| EV / sales | 1.2 | 0.8 | 1.2 | 0.8 | 4.1 | 6.0 | 2.1 | — | — | — |
| EV / EBITDA | 73.3 | 22.3 | — | — | — | — | — | — | — | — |
| EV / free cash flow | 6.7 | 5.9 | — | — | — | — | — | — | — | — |
| Earnings yield | 35.2% | 0.4% | −5.9% | −40.5% | −7.4% | −11.4% | −26.6% | — | — | — |
| Free cash flow yield | 13.8% | 14.4% | −4.3% | −9.0% | −1.3% | −9.6% | −2.9% | — | — | — |
| Dividend yield | — | — | — | 0.2% | 0.1% | 0.0% | — | — | — | — |
| Shareholder yield (dividends + buybacks) | 6.2% | 0.9% | 0.1% | 0.3% | 0.2% | 0.2% | 9.6% | — | — | — |
| Share price at fiscal year-end | $19.37 | $12.90 | $14.99 | $11.02 | $42.73 | $49.13 | $43.02 | — | — | — |
| Per share | ||||||||||
| Revenue per share | $15.12 | $13.99 | $11.43 | $11.54 | $9.58 | $7.57 | $15.89 | $7.59 | $4.45 | $1.44 |
| Earnings per share | $6.81 | $0.06 | −$0.88 | −$4.47 | −$3.17 | −$5.61 | −$11.44 | −$3.21 | −$2.89 | −$2.87 |
| Operating cash flow per share | $2.80 | $2.05 | −$0.25 | −$0.67 | −$0.30 | −$4.42 | −$0.46 | −$0.99 | −$1.65 | −$2.05 |
| Free cash flow per share | $2.67 | $1.85 | −$0.64 | −$0.99 | −$0.54 | −$4.72 | −$1.25 | −$1.24 | −$1.70 | −$2.08 |
| Cash per share | $4.40 | $4.80 | $4.37 | $5.07 | $6.73 | $7.21 | $12.53 | $7.17 | $10.05 | $4.25 |
| Book value per share | $7.84 | $1.85 | $1.41 | $1.10 | $4.01 | $5.37 | $12.55 | $6.45 | −$8.32 | $3.93 |
| Tangible book value per share | $6.36 | $1.14 | $0.58 | $0.14 | $3.32 | $4.57 | $11.48 | $5.50 | −$8.34 | $3.93 |
| Dividends per share | — | — | — | $0.02 | $0.02 | $0.02 | — | — | — | — |
| Capex per share | $0.13 | $0.20 | $0.39 | $0.32 | $0.24 | $0.30 | $0.78 | $0.25 | $0.05 | $0.04 |
| Debt per share | $3.06 | $2.83 | $2.70 | $2.99 | $2.91 | $3.19 | $2.09 | — | — | — |
| Shares outstanding | 417.7M | 413.7M | 385.3M | 354.7M | 334.7M | 312.2M | 227.5M | 284.1M | 237.9M | 237.9M |
| Change in shares outstanding | +1.0% | +7.3% | +8.6% | +6.0% | +7.2% | +37.2% | −19.9% | +19.4% | 0.0% | — |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 140.8% | 3.5% | −73.2% | −183.2% | −70.4% | −77.4% | −111.1% | — | — | −73.0% |
| Return on invested capital (ROIC) | −11.2% | — | — | — | −371.4% | −317.3% | — | — | — | — |
| Return on assets (ROA) | 39.3% | 0.5% | −7.5% | −34.0% | −22.5% | −33.8% | −55.1% | −26.9% | −32.3% | −54.7% |
| Return on tangible assets | 33.8% | 0.4% | −8.0% | −37.6% | −23.4% | −39.6% | −47.7% | −26.1% | −22.8% | −54.7% |
| Free cash flow margin | 17.7% | 13.2% | −5.6% | −8.6% | −5.6% | −62.3% | −7.8% | −16.3% | −38.3% | −144.5% |
| Income quality (OCF / net income) | 0.41 | 37.30 | — | — | — | — | — | — | — | — |
| Financial health | ||||||||||
| Total debt | $1.28B | $1.17B | $1.04B | $1.06B | $975.4M | $995.1M | $476.3M | — | — | — |
| Cash & short-term investments | $1.84B | $1.98B | $1.69B | $1.80B | $2.25B | $2.25B | $2.85B | $2.04B | $2.39B | $1.01B |
| Net debt | −$560.4M | −$812.1M | −$643.4M | −$735.1M | −$1.28B | −$1.26B | −$2.37B | −$2.04B | −$2.39B | −$1.01B |
| Debt / equity | 0.39 | 1.53 | 1.92 | 2.73 | 0.73 | 0.59 | 0.17 | — | — | — |
| Debt / assets | 0.14 | 0.22 | 0.23 | 0.23 | 0.20 | 0.21 | 0.08 | — | — | — |
| Net debt / EBITDA | −5.46 | −4.00 | — | — | — | — | — | — | — | — |
| Current ratio | 0.65 | 0.76 | 0.87 | 0.82 | 1.10 | 1.25 | 1.32 | 1.22 | 3.68 | 3.51 |
| Quick ratio | 0.65 | 0.76 | 1.17 | 0.82 | 1.18 | 1.25 | 1.37 | 1.22 | 3.68 | 3.51 |
| Interest coverage | -9.1 | -4.1 | -18.1 | -73.9 | -22.0 | -55.3 | -26.3 | — | — | — |
| Working capital | −$1.61B | −$930.2M | −$384.1M | −$549.7M | $259.7M | $519.7M | $796.0M | $423.2M | $1.87B | $769.1M |
| Invested capital | $2.71B | −$45.1M | −$101.8M | −$346.5M | $62.8M | $420.2M | $480.2M | −$205.5M | −$4.37B | −$77.3M |
| Tangible asset value | $2.65B | $472.9M | $224.2M | $50.9M | $1.11B | $1.43B | $2.61B | $1.56B | −$1.98B | $935.0M |
| Net current asset value | −$2.84B | −$1.72B | −$1.45B | −$1.58B | −$656.6M | −$408.7M | $410.1M | $392.8M | −$2.43B | $761.1M |
| Graham number | $34.65 | $1.52 | — | — | — | — | — | — | — | — |
| Graham net-net per share | −$9.38 | −$5.88 | −$6.62 | −$6.12 | −$3.38 | −$2.19 | $0.18 | $0.39 | −$10.94 | $2.94 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | $6.7M | $7.5M | $5.8M | — | — | — | — |
| Share buybacks (net) | $500.0M | $50.0M | $3.0M | $6.7M | $26.3M | $20.2M | $942.9M | $0 | $0 | $0 |
| Dividends + buybacks / free cash flow | 44.8% | 6.5% | — | — | — | — | — | — | — | — |
| Capex / revenue | 0.8% | 1.4% | 3.4% | 2.8% | 2.5% | 4.0% | 4.9% | 3.3% | 1.1% | 2.6% |
| Capex / operating cash flow | 4.5% | 9.8% | — | — | — | — | — | — | — | — |
| Capex / depreciation | 0.39 | 0.56 | 1.29 | 0.74 | 0.57 | 0.60 | 1.64 | 3.78 | 4.60 | 16.73 |
| Stock-based compensation / revenue | 5.1% | 5.7% | 11.0% | 18.3% | 22.6% | 23.9% | 44.2% | 0.4% | 0.9% | 2.7% |
| R&D / revenue | 7.1% | 6.9% | 12.6% | 20.9% | 28.4% | 38.4% | 41.6% | 13.9% | 12.9% | 18.8% |
| SG&A / revenue | 29.7% | 29.8% | 30.7% | 44.4% | 41.4% | 57.6% | 55.3% | 58.0% | 74.4% | 173.1% |
| Efficiency | ||||||||||
| Days sales outstanding | — | 20.2 | 23.7 | 20.2 | 15.7 | 15.7 | 5.8 | 0.2 | 0.6 | — |
| Days of inventory on hand | — | — | -63.2 | -14.0 | -20.0 | -14.3 | -19.1 | — | — | — |
| Days payables outstanding | 10.8 | 9.3 | 12.9 | 17.8 | 22.9 | 15.5 | 6.0 | 14.6 | 31.3 | 60.4 |
| Cash conversion cycle (days) | — | 10.9 | -52.4 | -11.5 | -27.2 | -14.2 | -19.3 | -14.4 | -30.7 | — |
| Receivables turnover | — | 18.08 | 15.38 | 18.03 | 23.22 | 23.26 | 63.44 | 2,270.12 | 623.46 | — |
| Payables turnover | 33.90 | 39.27 | 28.25 | 20.53 | 15.94 | 23.55 | 61.15 | 25.06 | 11.67 | 6.04 |
| Asset turnover | 0.87 | 1.16 | 0.97 | 0.88 | 0.68 | 0.46 | 0.77 | 0.64 | 0.50 | 0.27 |
| Average receivables | — | $320.0M | $286.2M | $227.1M | $138.2M | $101.7M | $57.0M | $950,000 | $1.7M | — |
| Average payables | $109.1M | $85.0M | $90.0M | $118.7M | $106.8M | $61.5M | $35.6M | $49.6M | $56.5M | $46.2M |
| Average inventory | — | — | −$440.4M | −$93.4M | −$93.4M | −$56.9M | −$113.8M | — | — | — |
| Intangibles / total assets | 6.9% | 5.4% | 7.0% | 7.4% | 4.8% | 5.3% | 4.2% | 7.2% | 0.1% | 0.0% |
Computed from LYFT's annual financial statements (latest annual report filed February 11, 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.
LYFT valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Lyft traded at 2.8 times earnings. Based on the latest twelve months, the trailing P/E is 2.5 and the forward P/E is 9.3. Lyft earned a return on equity of 140.8% and a return on invested capital of −11.2% in fiscal 2025. It ended the year with $1.3 billion of debt and $1.8 billion in cash and short-term investments, a net cash position of $560.4 million. It returned $500.0 million to shareholders: $0 in dividends and $500.0 million in share buybacks, 45% of free cash flow. The share count rose 75.5% from 237.9M to 417.7M over 9 years.
See the LYFT income statement, the LYFT chart for price history, or the LYFT stock overview for the latest quote and news.
LYFT key metrics FAQ
What is Lyft's P/E ratio?
Lyft's trailing P/E ratio is 2.5 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 9.3. At the end of fiscal 2025 it was 2.8.
What is Lyft's EV/EBITDA?
Lyft's enterprise value was 73.3 times EBITDA at the end of fiscal 2025 (enterprise value $7.5 billion, EBITDA $102.7 million); the current EV/EBITDA is 31.4.
What is Lyft's return on equity?
Lyft's return on equity (ROE) was 140.8% in fiscal 2025: net income of $2.8 billion on average shareholders' equity of $2.0 billion. ROE is high partly because years of buybacks have reduced equity on the balance sheet.
What is Lyft's ROIC?
Lyft's return on invested capital was −11.2% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Lyft have?
Lyft had total debt of $1.3 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.39 and more cash than debt.
Does Lyft buy back its shares?
Yes. Lyft spent $500.0 million on net share repurchases in fiscal 2025 Shares outstanding changed +1.0% over the year, to 417.7M..
What is Lyft's free cash flow yield?
Lyft generated $1.1 billion of free cash flow in fiscal 2025, a free cash flow yield of 13.8% on its market value at year-end ($8.1 billion).
What is Lyft's current ratio?
Lyft's current ratio was 0.65 at the end of fiscal 2025: current assets were 0.65 times current liabilities.