Pearl Diver Credit Company Inc. (PDPA) Key Metrics
PDPA key metrics, 2023–2025
Fiscal year ended December 31, 2025 · U.S. dollarsPDPA valuation Price multiples at each fiscal year-end price.
PDPA returns How much profit the business earns on the capital it uses.
PDPA per-share figures Results divided by the shares outstanding at year-end.
PDPA financial health Debt, liquidity and how easily interest is covered.
PDPA efficiency & capital use Working capital cycle and where the cash goes.
PDPA valuation history
PDPA returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
PDPA debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
PDPA cash returned to shareholders
PDPA price vs earnings per share
PDPA key metrics
2023–2025| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Valuation | |||
| Market capitalization | $175.7M | $199.0M | — |
| Enterprise value | $181.6M | $205.4M | — |
| P/E ratio | — | 29.4 | — |
| Price / sales | 7.9 | 11.4 | — |
| Price / book | 1.3 | 1.5 | — |
| Price / free cash flow | 6.3 | — | — |
| Price / operating cash flow | 6.3 | — | — |
| EV / sales | 8.2 | 11.7 | — |
| EV / EBITDA | — | 13.6 | — |
| EV / free cash flow | 6.5 | — | — |
| Earnings yield | −11.0% | 3.4% | — |
| Free cash flow yield | 15.8% | −4.9% | — |
| Dividend yield | 10.2% | 3.8% | — |
| Shareholder yield (dividends + buybacks) | 14.4% | 3.8% | — |
| Share price at fiscal year-end | $25.24 | $24.88 | — |
| Per share | |||
| Revenue per share | $3.20 | $2.19 | $0.29 |
| Earnings per share | −$2.78 | $0.85 | $1.09 |
| Operating cash flow per share | $3.99 | −$1.21 | $0.28 |
| Free cash flow per share | $3.99 | −$1.21 | $0.28 |
| Cash per share | $0.15 | $0.02 | $2.54 |
| Book value per share | $18.98 | $16.91 | $12.58 |
| Tangible book value per share | $18.98 | $16.91 | $12.58 |
| Dividends per share | $2.58 | $0.93 | $0.28 |
| Capex per share | $0.00 | $0.00 | $0.00 |
| Debt per share | $0.99 | $0.83 | — |
| Shares outstanding | 7.0M | 8.0M | 7.7M |
| Change in shares outstanding | −12.9% | +4.3% | — |
| Returns & profitability | |||
| Return on equity (ROE) | −14.5% | 5.8% | 8.7% |
| Return on invested capital (ROIC) | −9.0% | 11.0% | 8.6% |
| Return on assets (ROA) | −12.1% | 4.9% | 8.7% |
| Return on tangible assets | −13.7% | 3.8% | 8.7% |
| Free cash flow margin | 124.8% | −55.5% | 96.9% |
| Income quality (OCF / net income) | — | −1.43 | 0.26 |
| Financial health | |||
| Total debt | $6.9M | $6.6M | — |
| Cash & short-term investments | $1.0M | $188,056 | $19.5M |
| Net debt | $5.9M | $6.4M | −$19.5M |
| Debt / equity | 0.05 | 0.05 | — |
| Debt / assets | 0.05 | 0.04 | — |
| Net debt / EBITDA | — | 0.43 | −2.32 |
| Current ratio | 0.15 | 0.04 | — |
| Quick ratio | 0.15 | 0.04 | — |
| Interest coverage | -4.8 | 214.3 | — |
| Working capital | −$5.9M | −$6.0M | $19.5M |
| Invested capital | $138.0M | $141.7M | $77.0M |
| Tangible asset value | $132.1M | $135.2M | $96.4M |
| Net current asset value | −$8.2M | −$43.6M | $19.5M |
| Graham number | — | $17.95 | $17.59 |
| Graham net-net per share | −$1.17 | −$5.46 | $2.54 |
| Capital allocation | |||
| Dividends paid | $18.0M | $7.5M | $2.2M |
| Share buybacks (net) | $7.4M | — | — |
| Dividend payout ratio | — | 110.4% | 25.8% |
| Dividends + buybacks / free cash flow | 91.1% | — | 99.5% |
| Capex / revenue | 0.0% | 0.0% | 0.0% |
| Capex / operating cash flow | 0.0% | — | 0.0% |
| SG&A / revenue | 18.7% | 12.8% | — |
| Efficiency | |||
| Days sales outstanding | 0.5 | 0.9 | — |
| Days payables outstanding | — | 32,321.0 | — |
| Cash conversion cycle (days) | — | -32,320.1 | — |
| Receivables turnover | 735.08 | 415.91 | — |
| Payables turnover | — | 0.01 | — |
| Asset turnover | 0.14 | 0.13 | 0.02 |
| Average receivables | $30,301 | $42,045 | — |
| Average payables | — | $6.3M | — |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% |
Computed from PDPA's annual financial statements (latest annual report filed December 31, 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.
PDPA valuation and financial ratios
Pearl Diver Credit earned a return on equity of −14.5% and a return on invested capital of −9.0% in fiscal 2025. It ended the year with $6.9 million of debt and $1.0 million in cash and short-term investments, net debt of $5.9 million. It returned $25.3 million to shareholders: $18.0 million in dividends and $7.4 million in share buybacks, 91% of free cash flow.
See the PDPA income statement, the PDPA chart for price history, or the PDPA stock overview for the latest quote and news.
PDPA key metrics FAQ
What is Pearl Diver Credit's return on equity?
Pearl Diver Credit's return on equity (ROE) was −14.5% in fiscal 2025: net income of -$19.3 million on average shareholders' equity of $133.7 million.
What is Pearl Diver Credit's ROIC?
Pearl Diver Credit's return on invested capital was −9.0% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Pearl Diver Credit have?
Pearl Diver Credit had total debt of $6.9 million at the end of fiscal 2025, a debt-to-equity ratio of 0.05.
What is Pearl Diver Credit's dividend yield?
Pearl Diver Credit paid $18.0 million in dividends in fiscal 2025 ($2.58 per share), a payout ratio of —.
Does Pearl Diver Credit buy back its shares?
Yes. Pearl Diver Credit spent $7.4 million on net share repurchases in fiscal 2025 Shares outstanding changed −12.9% over the year, to 7.0M..
What is Pearl Diver Credit's free cash flow yield?
Pearl Diver Credit generated $27.8 million of free cash flow in fiscal 2025, a free cash flow yield of 15.8% on its market value at year-end ($175.7 million).
What is Pearl Diver Credit's current ratio?
Pearl Diver Credit's current ratio was 0.15 at the end of fiscal 2025: current assets were 0.15 times current liabilities.