Orchid Island Capital, Inc. (ORC) Key Metrics
ORC valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $981.1M
- Enterprise value
- $10.89B
- P/E (TTM)
- 3.0
- Forward P/E
- 5.9
- PEG ratio
- —
- Price / sales
- 3.6
- Price / book
- 0.8 10-yr median 0.8
- EV / EBITDA
- — 10-yr median 22.5
- Dividend yield
- 24.14% $1.20 a year
- Beta
- 1.60
ORC key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsORC valuation Price multiples at each fiscal year-end price.
ORC returns How much profit the business earns on the capital it uses.
ORC per-share figures Results divided by the shares outstanding at year-end.
ORC financial health Debt, liquidity and how easily interest is covered.
ORC efficiency & capital use Working capital cycle and where the cash goes.
ORC valuation history
ORC returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
ORC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
ORC cash returned to shareholders
ORC price vs earnings per share
ORC key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $923.8M | $509.2M | $376.4M | — | — | — | — | — | — | — |
| Enterprise value | $10.44B | $5.23B | $3.84B | — | — | — | — | — | — | — |
| P/E ratio | 5.8 | 13.5 | — | — | — | — | — | — | — | — |
| Price / sales | 5.1 | 9.4 | — | — | — | — | — | — | — | — |
| Price / book | 0.7 | 0.8 | 0.8 | — | — | — | — | — | — | — |
| Price / free cash flow | 7.7 | 7.6 | 47.0 | — | — | — | — | — | — | — |
| Price / operating cash flow | 7.7 | 7.6 | 47.0 | — | — | — | — | — | — | — |
| EV / sales | 58.2 | 96.1 | — | — | — | — | — | — | — | — |
| EV / EBITDA | 22.5 | 19.1 | 23.6 | — | — | — | — | — | — | — |
| EV / free cash flow | 86.7 | 78.0 | 479.9 | — | — | — | — | — | — | — |
| Earnings yield | 17.2% | 7.4% | −10.4% | — | — | — | — | — | — | — |
| Free cash flow yield | 13.0% | 13.2% | 2.1% | — | — | — | — | — | — | — |
| Dividend yield | 19.4% | 18.2% | 21.5% | — | — | — | — | — | — | — |
| Shareholder yield (dividends + buybacks) | 20.2% | 18.8% | 24.0% | — | — | — | — | — | — | — |
| Share price at fiscal year-end | $7.20 | $7.78 | $8.43 | $10.50 | $22.50 | $26.10 | $29.25 | $31.95 | $46.40 | $54.15 |
| Per share | ||||||||||
| Revenue per share | $1.40 | $0.83 | $0.00 | — | — | — | — | — | — | — |
| Earnings per share | $1.24 | $0.58 | −$0.88 | — | — | — | — | — | — | — |
| Operating cash flow per share | $0.94 | $1.02 | $0.18 | — | — | — | — | — | — | — |
| Free cash flow per share | $0.94 | $1.02 | $0.18 | — | — | — | — | — | — | — |
| Cash per share | $5.65 | $4.73 | $5.40 | — | — | — | — | — | — | — |
| Book value per share | $10.69 | $10.21 | $10.53 | — | — | — | — | — | — | — |
| Tangible book value per share | $10.69 | $10.21 | $10.53 | — | — | — | — | — | — | — |
| Dividends per share | $1.39 | $1.41 | $1.81 | — | — | — | — | — | — | — |
| Capex per share | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| Debt per share | $79.84 | $76.79 | $83.00 | — | — | — | — | — | — | — |
| Shares outstanding | 128.3M | 65.4M | 44.6M | — | — | — | — | — | — | — |
| Change in shares outstanding | +96.0% | +46.6% | — | — | — | — | — | — | — | — |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 15.6% | 6.6% | −8.6% | −42.8% | −10.9% | 0.5% | 6.6% | −11.1% | 0.5% | 0.7% |
| Return on invested capital (ROIC) | 1.5% | 4.6% | 3.4% | −3.0% | −1.0% | 0.1% | 1.2% | 8.9% | 2.7% | 1.0% |
| Return on assets (ROA) | 1.8% | 0.8% | −1.0% | −4.7% | −1.2% | 0.1% | 0.7% | −1.2% | 0.1% | 0.1% |
| Return on tangible assets | 1.4% | 0.7% | −0.9% | −6.7% | −0.9% | 0.1% | 0.6% | −1.3% | 0.0% | 0.1% |
| Free cash flow margin | 67.1% | 123.1% | — | — | — | 437.0% | 139.0% | — | 645.3% | 424.9% |
| Income quality (OCF / net income) | 0.76 | 1.78 | — | — | — | 26.02 | 1.98 | — | 42.36 | 23.77 |
| Financial health | ||||||||||
| Total debt | $10.24B | $5.03B | $3.71B | $3.39B | $6.24B | $3.60B | $3.47B | $3.0M | $216,000 | $2.80B |
| Cash & short-term investments | $724.6M | $309.3M | $241.0M | $205.7M | $385.1M | $299.5M | $193.8M | $108.3M | $231.5M | $73.5M |
| Net debt | $9.52B | $4.72B | $3.46B | $3.18B | $5.86B | $3.30B | $3.27B | −$105.3M | −$231.3M | $2.72B |
| Debt / equity | 7.47 | 7.52 | 7.89 | 7.72 | 8.13 | 8.66 | 8.77 | 0.01 | 0.00 | 8.40 |
| Debt / assets | 0.88 | 0.88 | 0.87 | 0.88 | 0.88 | 0.89 | 0.89 | 0.00 | 0.00 | 0.89 |
| Net debt / EBITDA | 20.48 | 17.22 | 21.30 | — | — | — | 134.97 | −4.05 | −5.30 | 154.82 |
| Current ratio | 0.09 | 0.09 | 0.06 | 23.58 | 660.01 | 285.77 | 0.08 | 18.93 | 13.27 | 46.54 |
| Quick ratio | 0.09 | 0.09 | 0.06 | −3.43 | 64.45 | 18.15 | 0.08 | 18.93 | 13.27 | 46.54 |
| Interest coverage | 0.5 | 1.2 | 0.8 | -3.2 | -9.1 | 0.1 | 0.3 | 0.4 | 1.0 | 1.1 |
| Working capital | −$9.33B | −$4.62B | −$3.56B | $208.0M | $519.3M | $329.5M | −$3.20B | $325.1M | $270.7M | $83.2M |
| Invested capital | $10.89B | $5.39B | $3.93B | $3.62B | $6.63B | $3.71B | $3.67B | $230.8M | $230.9M | $3.05B |
| Tangible asset value | $1.37B | $668.5M | $469.9M | $438.8M | $768.1M | $415.3M | $395.5M | $336.1M | $462.2M | $332.8M |
| Net current asset value | −$9.39B | −$4.62B | −$3.56B | −$3.21B | −$5.78B | −$3.31B | −$3.20B | −$2.72B | −$3.27B | −$2.72B |
| Graham number | $17.27 | $11.50 | — | — | — | — | — | — | — | — |
| Graham net-net per share | −$74.38 | −$72.22 | −$79.35 | — | — | — | — | — | — | — |
| Capital allocation | ||||||||||
| Dividends paid | $178.9M | $92.5M | $80.8M | $93.5M | $91.0M | $53.6M | $53.3M | $59.3M | $67.9M | $36.8M |
| Share buybacks (net) | $7.4M | $3.5M | $9.8M | $24.8M | $299,000 | $68,000 | $3.0M | $26.4M | $0 | $0 |
| Dividend payout ratio | 112.5% | 245.6% | — | — | — | — | 219.7% | — | — | — |
| Dividends + buybacks / free cash flow | 154.6% | 143.2% | — | 40.9% | 94.7% | 97.0% | 117.0% | 91.2% | 79.9% | 78.2% |
| Capex / revenue | 0.0% | 0.0% | — | — | — | 498.7% | 0.0% | — | 0.0% | 0.0% |
| Capex / operating cash flow | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 114.1% | 0.0% | 0.0% | 0.0% | 0.0% |
| Capex / depreciation | — | — | — | 0.00 | 0.00 | — | — | — | — | — |
| Stock-based compensation / revenue | 0.2% | 1.0% | — | — | — | 1.9% | 0.8% | — | 4.1% | 5.5% |
| R&D / revenue | — | — | — | — | — | 0.0% | 0.0% | — | — | — |
| SG&A / revenue | 9.2% | 6.1% | — | — | — | 13.0% | 4.0% | — | 14.5% | 18.8% |
| Efficiency | ||||||||||
| Days sales outstanding | 73.4 | 127.5 | — | — | — | 324.6 | 1,303.0 | — | 359.6 | 329.7 |
| Days of inventory on hand | — | — | — | 551.2 | 2,871.3 | 3,725.4 | — | — | — | — |
| Days payables outstanding | 1,927.8 | 994.1 | 279.3 | 7.7 | 7.2 | 73.7 | 35.9 | 30.9 | 32.0 | 24.8 |
| Cash conversion cycle (days) | -1,854.4 | -866.6 | — | — | — | 3,976.3 | 1,267.1 | — | 327.6 | 304.9 |
| Receivables turnover | 4.97 | 2.86 | 0.00 | 0.00 | 0.00 | 1.12 | 0.28 | 0.00 | 1.02 | 1.11 |
| Payables turnover | 0.19 | 0.37 | 1.31 | 47.56 | 50.91 | 4.95 | 10.17 | 11.81 | 11.39 | 14.72 |
| Inventory turnover | — | — | — | 0.66 | 0.13 | 0.10 | — | — | — | — |
| Asset turnover | 0.02 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 |
| Average receivables | $36.1M | $19.0M | $13.2M | $15.2M | $14.5M | $11.3M | $123.7M | $124.7M | $13.0M | $10.0M |
| Average payables | $21.1M | $9.3M | $8.6M | $5.0M | $972,500 | $6.1M | $8.8M | $6.5M | $4.2M | $1.3M |
| Average inventory | — | — | — | $359.0M | $389.5M | $309.6M | — | — | $0 | $0 |
| 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 ORC's annual financial statements (latest annual report filed February 20, 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.
ORC valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Orchid Island Capital traded at 5.8 times earnings. Based on the latest twelve months, the trailing P/E is 3.0 and the forward P/E is 5.9. Orchid Island Capital earned a return on equity of 15.6% and a return on invested capital of 1.5% in fiscal 2025. It ended the year with $10.2 billion of debt and $724.6 million in cash and short-term investments, net debt of $9.5 billion. It returned $186.2 million to shareholders: $178.9 million in dividends and $7.4 million in share buybacks, 155% of free cash flow.
See the ORC income statement, the ORC chart for price history, or the ORC stock overview for the latest quote and news.
ORC key metrics FAQ
What is Orchid Island Capital's P/E ratio?
Orchid Island Capital's trailing P/E ratio is 3.0 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 5.9. At the end of fiscal 2025 it was 5.8.
What is Orchid Island Capital's EV/EBITDA?
Orchid Island Capital's enterprise value was 22.5 times EBITDA at the end of fiscal 2025 (enterprise value $10.4 billion, EBITDA $464.8 million).
What is Orchid Island Capital's return on equity?
Orchid Island Capital's return on equity (ROE) was 15.6% in fiscal 2025: net income of $159.0 million on average shareholders' equity of $1.0 billion.
What is Orchid Island Capital's ROIC?
Orchid Island Capital's return on invested capital was 1.5% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Orchid Island Capital have?
Orchid Island Capital had total debt of $10.2 billion at the end of fiscal 2025, a debt-to-equity ratio of 7.47 and $9.5 billion of net debt (20.48 times EBITDA).
What is Orchid Island Capital's dividend yield?
Orchid Island Capital's forward dividend yield is 24.14%. Orchid Island Capital paid $178.9 million in dividends in fiscal 2025 ($1.39 per share), a payout ratio of 112.5%.
Does Orchid Island Capital buy back its shares?
Yes. Orchid Island Capital spent $7.4 million on net share repurchases in fiscal 2025 Shares outstanding changed +96.0% over the year, to 128.3M..
What is Orchid Island Capital's free cash flow yield?
Orchid Island Capital generated $120.4 million of free cash flow in fiscal 2025, a free cash flow yield of 13.0% on its market value at year-end ($923.8 million).
What is Orchid Island Capital's current ratio?
Orchid Island Capital's current ratio was 0.09 at the end of fiscal 2025: current assets were 0.09 times current liabilities.