Omeros Corporation (OMER) Key Metrics
OMER valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $1.17B
- Enterprise value
- $1.53B
- P/E (TTM)
- 13.3
- Forward P/E
- 87.7
- PEG ratio
- 0.81
- Price / sales
- 30.5 10-yr median 10.4
- Price / book
- 8.4 10-yr median 1.7
- EV / EBITDA
- 163.7
- Dividend yield
- —
- Beta
- 2.57
OMER key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsOMER valuation Price multiples at each fiscal year-end price.
Free cash flow yield+15.3 pts
−10.6%
2025 · hover or tap a bar for each year
20162025
OMER returns How much profit the business earns on the capital it uses.
Return on assets+46.7 pts
−1.1%
2025 · hover or tap a bar for each year
20162025
Asset turnover
0.00
2025 · hover or tap a bar for each year
20162025
OMER per-share figures Results divided by the shares outstanding at year-end.
Revenue per share
$0.00
2025 · hover or tap a bar for each year
20162025
Earnings per share
−$0.05
2025 · hover or tap a bar for each year
20162025
Free cash flow per share
−$1.83
2025 · hover or tap a bar for each year
20162025
Book value per share
−$1.91
2025 · hover or tap a bar for each year
20162025
Shares outstanding+9.2%
63.5M
2025 · hover or tap a bar for each year
20162025
OMER financial health Debt, liquidity and how easily interest is covered.
Net debt−$49.5M
$67.3M
2025 · hover or tap a bar for each year
20162025
Current ratio+63.8%
2.76
2025 · hover or tap a bar for each year
20162025
Interest coverage
-127.9
2025 · hover or tap a bar for each year
20162025
Debt / assets−1.7%
0.73
2025 · hover or tap a bar for each year
20162025
OMER valuation history
Fiscal year-endToday10-year median
OMER returns on capital
ROEROICROA
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
OMER debt vs cash
Total debtCash & short-term investments
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
OMER cash returned to shareholders
DividendsBuybacksFree cash flow
OMER price vs earnings per share
Share price at year-endEPS (right axis)
OMER key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $1.09B | $574.7M | $205.2M | $141.8M | $400.9M | $816.8M | $697.8M | $541.2M | $884.8M | $401.2M |
| Enterprise value | $1.16B | $691.6M | $394.9M | $288.9M | $591.4M | $921.9M | $798.7M | $632.2M | $885.7M | $435.9M |
| P/E ratio | — | — | — | 3.0 | — | — | — | — | — | — |
| Price / sales | — | — | — | — | 4.4 | 11.1 | 6.2 | 18.1 | 13.6 | 9.6 |
| Price / book | — | — | — | 1.7 | 16.9 | — | — | 0.8 | — | — |
| Price / free cash flow | — | — | 2.8 | — | — | — | — | — | — | — |
| Price / operating cash flow | — | — | 2.7 | — | — | — | — | — | — | — |
| EV / sales | — | — | — | — | 6.5 | 12.5 | 7.1 | 21.2 | 13.7 | 10.5 |
| EV / free cash flow | — | — | 5.3 | — | — | — | — | — | — | — |
| Earnings yield | −0.3% | −27.3% | −57.4% | 33.4% | −27.8% | −16.9% | −12.1% | −23.4% | −6.0% | −16.6% |
| Free cash flow yield | −10.6% | −25.9% | 36.2% | −61.1% | −27.4% | −12.3% | −8.7% | −19.3% | −4.1% | −12.9% |
| Dividend yield | — | — | — | — | — | — | — | — | 0.0% | 0.0% |
| Shareholder yield (dividends + buybacks) | 0.0% | 2.1% | 2.3% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Share price at fiscal year-end | $17.18 | $9.88 | $3.27 | $2.26 | $6.43 | $14.29 | $14.09 | $11.14 | $19.43 | $9.92 |
| Per share | ||||||||||
| Revenue per share | $0.00 | $0.00 | $0.00 | $0.00 | $1.45 | $1.29 | $2.26 | $0.61 | $1.42 | $1.03 |
| Earnings per share | −$0.05 | −$2.70 | −$1.88 | $0.76 | −$1.79 | −$2.41 | −$1.71 | −$2.61 | −$1.17 | −$1.65 |
| Operating cash flow per share | −$1.83 | −$2.56 | $1.19 | −$1.38 | −$1.76 | −$1.75 | −$1.21 | −$2.14 | −$0.80 | −$1.27 |
| Free cash flow per share | −$1.83 | −$2.56 | $1.18 | −$1.38 | −$1.76 | −$1.76 | −$1.22 | −$2.15 | −$0.80 | −$1.28 |
| Cash per share | $2.71 | $1.55 | $2.74 | $3.11 | $2.52 | $2.36 | $1.23 | $1.25 | $1.84 | $1.12 |
| Book value per share | −$1.91 | −$3.14 | −$0.40 | $1.37 | $0.38 | −$2.11 | −$2.20 | $13.38 | −$0.06 | −$0.93 |
| Tangible book value per share | −$1.91 | −$3.14 | −$0.40 | $1.37 | $0.38 | −$2.11 | −$2.20 | $13.38 | −$0.06 | −$0.93 |
| Dividends per share | — | — | — | — | — | — | — | — | $0.00 | $0.00 |
| Capex per share | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.00 |
| Debt per share | $3.77 | $3.56 | $5.76 | $5.45 | $5.58 | $4.20 | $3.27 | $3.12 | $1.86 | $1.98 |
| Shares outstanding | 63.5M | 58.2M | 62.7M | 62.7M | 62.3M | 57.2M | 49.5M | 48.6M | 45.5M | 40.4M |
| Change in shares outstanding | +9.2% | −7.3% | +0.0% | +0.6% | +9.0% | +15.5% | +1.9% | +6.7% | +12.6% | +7.7% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | — | — | — | 86.6% | — | — | — | −39.2% | — | — |
| Return on invested capital (ROIC) | — | — | −65.4% | −57.7% | −138.0% | — | — | −24.0% | — | — |
| Return on assets (ROA) | −1.1% | −47.9% | −24.3% | 9.4% | −37.1% | −86.8% | −72.5% | −119.4% | −58.3% | −114.8% |
| Return on tangible assets | −1.0% | −56.6% | −31.1% | 8.0% | −26.6% | −76.3% | −61.7% | −132.1% | −46.0% | −99.2% |
| Free cash flow margin | — | — | — | — | −121.5% | −136.0% | −54.0% | −349.2% | −56.4% | −124.1% |
| Income quality (OCF / net income) | — | — | — | −1.82 | — | — | — | — | — | — |
| Financial health | ||||||||||
| Total debt | $239.1M | $207.0M | $361.6M | $342.0M | $347.8M | $240.1M | $161.7M | $151.4M | $84.6M | $80.0M |
| Cash & short-term investments | $171.8M | $90.1M | $171.8M | $194.9M | $157.3M | $135.0M | $60.8M | $60.5M | $83.7M | $45.3M |
| Net debt | $67.3M | $116.9M | $189.7M | $147.1M | $190.6M | $105.1M | $100.9M | $91.0M | $858,000 | $34.7M |
| Debt / equity | — | — | — | 3.99 | 14.63 | — | — | 0.23 | — | — |
| Debt / assets | 0.73 | 0.75 | 0.96 | 0.58 | 0.83 | 1.33 | 1.18 | 1.58 | 0.73 | 1.19 |
| Current ratio | 2.76 | 1.69 | 4.09 | 3.25 | 4.79 | 4.12 | 1.87 | 2.41 | 4.12 | 3.75 |
| Quick ratio | 2.76 | 1.69 | 3.93 | 3.25 | 4.79 | 1.00 | 1.00 | 1.00 | 4.10 | 3.68 |
| Interest coverage | -127.9 | -6.9 | -5.3 | -7.2 | -8.8 | -5.9 | -2.8 | -6.9 | -4.0 | -6.9 |
| Working capital | $137.6M | $54.6M | $164.6M | $306.9M | $196.2M | $114.5M | $48.3M | $52.5M | $82.1M | $44.2M |
| Invested capital | −$53.9M | −$65.7M | $164.8M | $232.8M | $214.4M | −$15.6M | −$8.1M | $741.1M | −$2.0M | −$2.7M |
| Tangible asset value | −$121.2M | −$182.6M | −$25.0M | $85.7M | $23.8M | −$120.8M | −$109.0M | $100.2M | −$2.8M | −$37.4M |
| Net current asset value | −$231.2M | −$325.6M | −$185.4M | −$62.0M | −$147.5M | −$150.5M | −$142.2M | $94.1M | −$10.8M | −$44.5M |
| Graham number | — | — | — | $4.82 | — | — | — | — | — | — |
| Graham net-net per share | −$3.90 | −$5.88 | −$3.54 | −$2.05 | −$2.83 | −$1.87 | −$2.72 | $2.22 | −$0.49 | −$1.23 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | — | — | — | — | — | $0 | $0 |
| Share buybacks (net) | $0 | $11.9M | $4.7M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends + buybacks / free cash flow | — | — | 6.3% | — | — | — | — | — | — | — |
| Capex / revenue | — | — | — | — | 0.3% | 0.4% | 0.3% | 1.9% | 0.5% | 0.3% |
| Capex / operating cash flow | — | — | 0.6% | — | — | — | — | — | — | — |
| Capex / depreciation | 0.07 | 0.17 | 0.46 | 0.12 | 0.20 | 0.18 | 0.19 | 0.59 | 0.64 | 0.42 |
| Stock-based compensation / revenue | — | — | — | — | 19.5% | 20.2% | 12.3% | 39.2% | 19.6% | 32.6% |
| R&D / revenue | — | — | — | — | 131.2% | 145.8% | 98.1% | 300.9% | 85.8% | 121.8% |
| SG&A / revenue | — | — | — | — | 60.6% | 98.5% | 57.8% | 173.2% | 80.7% | 105.2% |
| Efficiency | ||||||||||
| Days sales outstanding | — | — | — | — | 174.0 | 96.5 | 94.7 | 244.2 | 82.2 | 81.4 |
| Days of inventory on hand | — | — | 44.9 | — | — | 18,389.5 | 6,928.6 | 18,875.2 | 266.0 | 206.8 |
| Days payables outstanding | — | 2,615.9 | 35.8 | 3,716.9 | 2,317.3 | 1,075.9 | 798.0 | 4,623.8 | 1,559.2 | 1,156.4 |
| Cash conversion cycle (days) | — | — | — | — | 12,939.8 | 17,410.0 | 6,225.3 | 14,495.6 | -1,211.1 | -868.2 |
| Receivables turnover | 0.00 | 0.00 | 0.00 | 0.00 | 2.10 | 3.78 | 3.86 | 1.49 | 4.44 | 4.49 |
| Payables turnover | — | 0.14 | 10.19 | 0.10 | 0.16 | 0.34 | 0.46 | 0.08 | 0.23 | 0.32 |
| Inventory turnover | — | — | 8.13 | — | — | 0.02 | 0.05 | 0.02 | 1.37 | 1.76 |
| Asset turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.30 | 0.46 | 0.96 | 0.28 | 0.71 | 0.72 |
| Average receivables | $36.5M | $21.8M | $124.4M | $162.2M | $43.2M | $19.5M | $29.0M | $20.0M | $14.6M | $9.3M |
| Average payables | $5.3M | $6.8M | $6.9M | $9.7M | $8.8M | $4.8M | $5.8M | $6.5M | $4.6M | $4.5M |
| Average inventory | — | — | $8.6M | — | $57.3M | $81.4M | $50.4M | $26.5M | $785,500 | $800,000 |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from OMER's annual financial statements (latest annual report filed March 31, 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.
OMER valuation and financial ratios
Based on the latest twelve months, the trailing P/E is 13.3 and the forward P/E is 87.7. It ended the year with $239.1 million of debt and $171.8 million in cash and short-term investments, net debt of $67.3 million. The share count rose 57.0% from 40.4M to 63.5M over 9 years.
See the OMER income statement, the OMER chart for price history, or the OMER stock overview for the latest quote and news.
OMER key metrics FAQ
What is Omeros's P/E ratio?
Omeros's trailing P/E ratio is 13.3 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 87.7. At the end of fiscal 2025 it was —.
How much debt does Omeros have?
Omeros had total debt of $239.1 million at the end of fiscal 2025.
What is Omeros's free cash flow yield?
Omeros generated -$116.2 million of free cash flow in fiscal 2025, a free cash flow yield of −10.6% on its market value at year-end ($1.1 billion).
What is Omeros's current ratio?
Omeros's current ratio was 2.76 at the end of fiscal 2025: current assets were 2.76 times current liabilities.