N-able, Inc. (NABL) Key Metrics
NABL valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $846.3M
- Enterprise value
- $1.10B
- P/E (TTM)
- — 10-yr median 105.3
- Forward P/E
- 9.7
- PEG ratio
- —
- Price / sales
- 1.6 10-yr median 5.0
- Price / book
- 1.0 10-yr median 2.9
- EV / EBITDA
- 11.3 10-yr median 28.4
- Dividend yield
- —
- Beta
- 0.46
NABL key metrics, 2018–2025
Fiscal year ended December 31, 2025 · U.S. dollarsNABL valuation Price multiples at each fiscal year-end price.
NABL returns How much profit the business earns on the capital it uses.
NABL per-share figures Results divided by the shares outstanding at year-end.
NABL financial health Debt, liquidity and how easily interest is covered.
NABL efficiency & capital use Working capital cycle and where the cash goes.
NABL valuation history
NABL returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
NABL debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
NABL cash returned to shareholders
NABL price vs earnings per share
NABL key metrics
2018–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||
| Market capitalization | $1.40B | $1.76B | $2.46B | $1.86B | $1.99B | — | — | — |
| Enterprise value | $1.75B | $2.04B | $2.69B | $2.14B | $2.30B | — | — | — |
| P/E ratio | — | 56.8 | 105.3 | 111.6 | — | — | — | — |
| Price / sales | 2.7 | 3.8 | 5.8 | 5.0 | 5.7 | — | — | — |
| Price / book | 1.7 | 2.3 | 3.5 | 2.9 | 3.2 | — | — | — |
| Price / free cash flow | 18.7 | 31.6 | 36.4 | 37.0 | 189.1 | — | — | — |
| Price / operating cash flow | 15.1 | 22.2 | 27.4 | 26.1 | 43.8 | — | — | — |
| EV / sales | 3.4 | 4.4 | 6.4 | 5.8 | 6.6 | — | — | — |
| EV / EBITDA | 21.3 | 18.6 | 28.4 | 29.0 | 35.0 | — | — | — |
| EV / free cash flow | 23.3 | 36.7 | 39.6 | 42.5 | 219.1 | — | — | — |
| Earnings yield | −1.2% | 1.8% | 1.0% | 0.9% | 0.0% | — | — | — |
| Free cash flow yield | 5.3% | 3.2% | 2.7% | 2.7% | 0.5% | — | — | — |
| Dividend yield | — | — | 0.1% | 0.0% | 10.9% | — | — | — |
| Shareholder yield (dividends + buybacks) | 2.1% | 0.0% | 0.6% | 0.0% | 10.9% | — | — | — |
| Share price at fiscal year-end | $7.48 | $9.34 | $13.25 | $10.28 | $11.10 | — | — | — |
| Per share | ||||||||
| Revenue per share | $2.72 | $2.47 | $2.27 | $2.05 | $1.93 | $0.96 | $0.84 | $0.72 |
| Earnings per share | −$0.09 | $0.16 | $0.13 | $0.09 | $0.00 | −$0.02 | −$0.01 | −$0.04 |
| Operating cash flow per share | $0.50 | $0.42 | $0.48 | $0.39 | $0.25 | $0.27 | $0.08 | $0.17 |
| Free cash flow per share | $0.40 | $0.30 | $0.36 | $0.28 | $0.06 | $0.22 | $0.05 | $0.13 |
| Cash per share | $0.60 | $0.45 | $0.82 | $0.55 | $0.37 | $0.32 | $0.12 | $0.25 |
| Book value per share | $4.28 | $4.03 | $3.82 | $3.54 | $3.45 | $2.00 | $1.79 | $1.75 |
| Tangible book value per share | −$1.51 | −$1.60 | −$0.72 | −$1.08 | −$1.29 | −$0.86 | −$1.10 | −$1.27 |
| Dividends per share | — | — | $0.01 | $0.00 | $1.21 | $0.68 | $0.68 | $0.68 |
| Capex per share | $0.10 | $0.13 | $0.12 | $0.12 | $0.19 | $0.05 | $0.03 | $0.03 |
| Debt per share | $2.45 | $1.96 | $2.01 | $2.07 | $2.13 | $1.24 | $1.29 | $1.43 |
| Shares outstanding | 187.8M | 188.4M | 186.0M | 181.3M | 179.0M | 315.4M | 315.4M | 315.4M |
| Change in shares outstanding | −0.3% | +1.3% | +2.6% | +1.3% | −43.2% | 0.0% | 0.0% | — |
| Returns & profitability | ||||||||
| Return on equity (ROE) | −2.2% | 4.2% | 3.5% | 2.7% | 0.0% | −1.2% | −0.5% | −2.5% |
| Return on invested capital (ROIC) | 2.6% | 4.8% | 4.0% | 2.8% | 1.8% | 1.8% | 2.0% | 1.6% |
| Return on assets (ROA) | −1.2% | 2.5% | 2.1% | 1.6% | 0.0% | −0.7% | −0.2% | −1.3% |
| Return on tangible assets | −5.3% | 11.1% | 7.4% | 6.9% | 0.1% | −4.0% | −2.5% | −11.1% |
| Free cash flow margin | 14.7% | 12.0% | 16.1% | 13.6% | 3.0% | 23.0% | 6.6% | 18.6% |
| Income quality (OCF / net income) | — | 2.57 | 3.85 | 4.27 | 401.25 | — | — | — |
| Financial health | ||||||||
| Total debt | $459.6M | $369.2M | $374.5M | $375.9M | $381.5M | $390.2M | $408.4M | $450.0M |
| Cash & short-term investments | $111.8M | $85.2M | $153.0M | $98.8M | $66.7M | $99.8M | $39.3M | $77.9M |
| Net debt | $347.8M | $284.0M | $221.5M | $277.0M | $314.8M | $290.4M | $369.1M | $372.1M |
| Debt / equity | 0.57 | 0.49 | 0.53 | 0.59 | 0.62 | 0.62 | 0.72 | 0.82 |
| Debt / assets | 0.33 | 0.28 | 0.32 | 0.35 | 0.36 | 0.36 | 0.40 | 0.42 |
| Net debt / EBITDA | 4.22 | 2.58 | 2.34 | 3.76 | 4.78 | 3.25 | 4.05 | 5.09 |
| Current ratio | 1.19 | 1.23 | 2.75 | 2.49 | 1.99 | 2.48 | 2.18 | 1.92 |
| Quick ratio | 1.19 | 1.23 | 2.75 | 2.49 | 1.99 | 2.48 | 2.18 | 1.92 |
| Interest coverage | 1.6 | 2.7 | 2.3 | 2.5 | 1.6 | 1.2 | 1.1 | 0.5 |
| Working capital | $34.6M | $33.8M | $143.1M | $92.3M | $60.1M | $80.9M | $38.6M | $50.3M |
| Invested capital | $1.15B | $1.04B | $932.8M | $919.1M | $933.1M | $921.6M | $932.8M | $923.9M |
| Tangible asset value | −$284.4M | −$300.9M | −$133.9M | −$195.6M | −$230.6M | −$270.3M | −$347.7M | −$400.8M |
| Net current asset value | −$388.8M | −$395.6M | −$226.6M | −$282.6M | −$316.4M | −$312.8M | −$378.7M | −$419.0M |
| Graham number | — | $3.86 | $3.29 | $2.71 | $0.22 | — | — | — |
| Graham net-net per share | −$2.30 | −$2.28 | −$1.41 | −$1.69 | −$1.90 | −$1.03 | −$1.24 | −$1.36 |
| Capital allocation | ||||||||
| Dividends paid | — | — | $1.7M | $0 | $216.0M | $216.0M | $216.0M | $216.0M |
| Share buybacks (net) | $30.0M | $0 | $12.0M | $0 | $0 | — | — | — |
| Dividend payout ratio | — | — | 7.2% | 0.0% | — | — | — | — |
| Dividends + buybacks / free cash flow | 40.0% | 0.0% | 20.2% | 0.0% | — | 310.7% | — | 509.4% |
| Capex / revenue | 3.5% | 5.1% | 5.3% | 5.7% | 10.1% | 5.3% | 3.1% | 4.3% |
| Capex / operating cash flow | 19.5% | 29.9% | 24.8% | 29.4% | 76.8% | 18.8% | 32.2% | 19.0% |
| Capex / depreciation | 0.41 | 0.92 | 1.11 | 0.86 | 1.03 | 0.29 | 0.15 | 0.18 |
| Stock-based compensation / revenue | 9.1% | 9.7% | 10.3% | 9.8% | 8.5% | 7.0% | 3.3% | 0.8% |
| R&D / revenue | 19.7% | 19.5% | 18.5% | 17.1% | 15.6% | 14.1% | 14.1% | 14.4% |
| SG&A / revenue | 17.9% | 45.5% | 48.5% | 52.8% | 55.8% | 46.0% | 41.4% | 41.9% |
| Efficiency | ||||||||
| Days sales outstanding | 60.1 | 52.2 | 39.2 | 40.7 | 37.2 | 34.5 | 34.0 | 35.3 |
| Days of inventory on hand | — | — | 0.0 | — | 0.0 | — | — | — |
| Days payables outstanding | 23.5 | 26.1 | 23.5 | 29.3 | 39.7 | 21.7 | 26.6 | 40.6 |
| Cash conversion cycle (days) | 36.6 | 26.2 | 15.7 | 11.4 | -2.5 | 12.8 | 7.4 | -5.3 |
| Receivables turnover | 6.07 | 6.99 | 9.31 | 8.97 | 9.81 | 10.57 | 10.75 | 10.33 |
| Payables turnover | 15.51 | 14.00 | 15.53 | 12.46 | 9.19 | 16.82 | 13.73 | 8.99 |
| Inventory turnover | — | — | 68,208,000.00 | — | 52,432,000.00 | — | — | — |
| Asset turnover | 0.37 | 0.37 | 0.38 | 0.35 | 0.32 | 0.29 | 0.25 | 0.21 |
| Average receivables | $84.3M | $66.7M | $45.3M | $41.5M | $35.3M | $28.7M | $24.5M | $22.1M |
| Average payables | $7.6M | $5.8M | $4.4M | $4.7M | $5.7M | $3.8M | $4.2M | $6.4M |
| Average inventory | — | — | $1 | — | $1 | — | — | — |
| Intangibles / total assets | 77.2% | 79.2% | 72.7% | 77.6% | 80.4% | 83.5% | 89.9% | 88.6% |
Computed from NABL's annual financial statements (latest annual report filed February 26, 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.
NABL valuation and financial ratios
N-able earned a return on equity of −2.2% and a return on invested capital of 2.6% in fiscal 2025. It ended the year with $459.6 million of debt and $111.8 million in cash and short-term investments, net debt of $347.8 million. It returned $30.0 million to shareholders: $0 in dividends and $30.0 million in share buybacks, 40% of free cash flow. The share count fell 40.5% from 315.4M to 187.8M over 7 years.
See the NABL income statement, the NABL chart for price history, or the NABL stock overview for the latest quote and news.
NABL key metrics FAQ
What is N-able's EV/EBITDA?
N-able's enterprise value was 21.3 times EBITDA at the end of fiscal 2025 (enterprise value $1.8 billion, EBITDA $82.4 million); the current EV/EBITDA is 11.3.
What is N-able's return on equity?
N-able's return on equity (ROE) was −2.2% in fiscal 2025: net income of -$17.0 million on average shareholders' equity of $782.0 million.
What is N-able's ROIC?
N-able's return on invested capital was 2.6% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does N-able have?
N-able had total debt of $459.6 million at the end of fiscal 2025, a debt-to-equity ratio of 0.57 and $347.8 million of net debt (4.22 times EBITDA).
Does N-able buy back its shares?
Yes. N-able spent $30.0 million on net share repurchases in fiscal 2025 Shares outstanding changed −0.3% over the year, to 187.8M..
What is N-able's free cash flow yield?
N-able generated $75.1 million of free cash flow in fiscal 2025, a free cash flow yield of 5.3% on its market value at year-end ($1.4 billion).
What is N-able's current ratio?
N-able's current ratio was 1.19 at the end of fiscal 2025: current assets were 1.19 times current liabilities.