RadNet, Inc. (RDNT) Key Metrics
RDNT valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $5.41B
- Enterprise value
- $7.28B
- P/E (TTM)
- — 10-yr median 67.1
- Forward P/E
- 36.6
- PEG ratio
- 0.96
- Price / sales
- 2.4 10-yr median 0.9
- Price / book
- 5.3 10-yr median 5.9
- EV / EBITDA
- 21.6 10-yr median 10.4
- Dividend yield
- —
- Beta
- 1.41
RDNT key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsRDNT valuation Price multiples at each fiscal year-end price.
Price / sales−7.9%
2.6
2025 · hover or tap a bar for each year
20162025
Price / book−14.9%
4.9
2025 · hover or tap a bar for each year
20162025
EV / EBITDA+7.5%
25.4
2025 · hover or tap a bar for each year
20162025
Price / free cash flow−46.0%
62.7
2025 · hover or tap a bar for each year
20162025
Free cash flow yield+0.7 pts
1.6%
2025 · hover or tap a bar for each year
20162025
RDNT returns How much profit the business earns on the capital it uses.
Return on equity−2.2 pts
−1.9%
2025 · hover or tap a bar for each year
20162025
Return on invested capital−2.6 pts
2.4%
2025 · hover or tap a bar for each year
20162025
Return on assets−0.6 pts
−0.5%
2025 · hover or tap a bar for each year
20162025
Free cash flow margin+1.7 pts
4.2%
2025 · hover or tap a bar for each year
20162025
Asset turnover−5.4%
0.58
2025 · hover or tap a bar for each year
20162025
RDNT per-share figures Results divided by the shares outstanding at year-end.
Revenue per share+10.9%
$27.13
2025 · hover or tap a bar for each year
20162025
Earnings per share
−$0.25
2025 · hover or tap a bar for each year
20162025
Free cash flow per share+89.3%
$1.14
2025 · hover or tap a bar for each year
20162025
Book value per share+20.1%
$14.50
2025 · hover or tap a bar for each year
20162025
Shares outstanding+0.6%
75.2M
2025 · hover or tap a bar for each year
20162025
RDNT financial health Debt, liquidity and how easily interest is covered.
Debt / equity−11.0%
1.71
2025 · hover or tap a bar for each year
20162025
Net debt+$102.8M
$1.09B
2025 · hover or tap a bar for each year
20162025
Net debt / EBITDA+0.53
4.30
2025 · hover or tap a bar for each year
20162025
Current ratio−17.2%
1.76
2025 · hover or tap a bar for each year
20162025
Interest coverage−0.9%
1.3
2025 · hover or tap a bar for each year
20162025
Debt / assets−6.0%
0.49
2025 · hover or tap a bar for each year
20162025
RDNT efficiency & capital use Working capital cycle and where the cash goes.
Days sales outstanding−2 days
39 days
2025 · hover or tap a bar for each year
20162025
Days payables outstanding−2 days
23 days
2025 · hover or tap a bar for each year
20162025
Cash conversion cycle0 days
16 days
2025 · hover or tap a bar for each year
20162025
Capex / revenue+0.2 pts
10.5%
2025 · hover or tap a bar for each year
20162025
RDNT valuation history
Fiscal year-endToday10-year median
RDNT returns on capital
ROEROICROA
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
RDNT debt vs cash
Total debtCash & short-term investments
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
RDNT cash returned to shareholders
DividendsBuybacksFree cash flow
RDNT price vs earnings per share
Share price at year-endEPS (right axis)
RDNT key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $5.36B | $5.22B | $2.25B | $1.08B | $1.61B | $996.0M | $1.02B | $495.1M | $478.8M | $300.9M |
| Enterprise value | $6.46B | $6.21B | $3.40B | $2.46B | $2.87B | $2.08B | $2.23B | $1.16B | $1.04B | $919.0M |
| P/E ratio | — | — | 738.6 | 101.3 | 65.1 | — | 69.1 | 15.4 | — | 41.6 |
| Price / sales | 2.6 | 2.9 | 1.4 | 0.8 | 1.2 | 0.9 | 0.9 | 0.5 | 0.5 | 0.3 |
| Price / book | 4.9 | 5.8 | 3.6 | 3.2 | 7.0 | 6.0 | 6.7 | 3.9 | 7.8 | 6.2 |
| Price / free cash flow | 62.7 | 116.2 | 50.8 | — | — | 9.2 | 337.8 | — | 9.2 | 11.7 |
| Price / operating cash flow | 18.0 | 22.4 | 10.2 | 7.4 | 10.8 | 4.3 | 9.8 | 4.2 | 3.4 | 3.3 |
| EV / sales | 3.2 | 3.4 | 2.1 | 1.7 | 2.2 | 1.9 | 1.9 | 1.2 | 1.1 | 1.0 |
| EV / EBITDA | 25.4 | 23.7 | 11.6 | 8.8 | 10.3 | 10.4 | 9.9 | 10.8 | 8.7 | 8.5 |
| EV / free cash flow | 75.5 | 138.1 | 76.7 | — | — | 19.2 | 737.1 | — | 19.9 | 35.7 |
| Earnings yield | −0.3% | 0.1% | 0.1% | 1.0% | 1.5% | −1.5% | 1.4% | 6.5% | 0.0% | 2.4% |
| Free cash flow yield | 1.6% | 0.9% | 2.0% | −9.5% | −4.4% | 10.9% | 0.3% | −5.8% | 10.9% | 8.5% |
| Dividend yield | — | — | — | — | 0.4% | 0.2% | — | 0.3% | 0.3% | 0.2% |
| Shareholder yield (dividends + buybacks) | — | — | — | 0.1% | 0.5% | 0.4% | 0.3% | 0.6% | 0.6% | 0.2% |
| Share price at fiscal year-end | $71.35 | $69.84 | $34.77 | $18.83 | $30.11 | $19.57 | $20.30 | $10.17 | $10.10 | $6.45 |
| Per share | ||||||||||
| Revenue per share | $27.13 | $24.47 | $25.00 | $24.95 | $24.62 | $21.06 | $22.97 | $20.03 | $19.45 | $18.96 |
| Earnings per share | −$0.25 | $0.04 | $0.05 | $0.19 | $0.46 | −$0.29 | $0.29 | $0.66 | $0.00 | $0.15 |
| Operating cash flow per share | $3.97 | $3.12 | $3.42 | $2.55 | $2.80 | $4.59 | $2.08 | $2.40 | $2.98 | $1.96 |
| Free cash flow per share | $1.14 | $0.60 | $0.68 | −$1.80 | −$1.33 | $2.13 | $0.06 | −$0.59 | $1.10 | $0.55 |
| Cash per share | $10.20 | $9.90 | $5.30 | $2.23 | $2.52 | $2.00 | $0.80 | $0.21 | $1.08 | $0.44 |
| Book value per share | $14.50 | $12.07 | $9.75 | $5.81 | $4.28 | $3.26 | $3.02 | $2.61 | $1.30 | $1.04 |
| Tangible book value per share | $0.45 | $1.48 | −$2.16 | −$7.87 | −$6.39 | −$7.06 | −$6.61 | −$6.81 | −$4.97 | −$5.01 |
| Dividends per share | — | — | — | — | $0.12 | $0.03 | — | $0.03 | $0.03 | $0.01 |
| Capex per share | $2.84 | $2.52 | $2.73 | $4.35 | $4.13 | $2.46 | $2.02 | $2.99 | $1.88 | $1.41 |
| Debt per share | $24.72 | $23.12 | $23.06 | $26.40 | $26.17 | $23.28 | $24.79 | $13.81 | $12.93 | $13.69 |
| Shares outstanding | 75.2M | 74.8M | 64.7M | 57.3M | 53.4M | 50.9M | 50.2M | 48.7M | 47.4M | 46.7M |
| Change in shares outstanding | +0.6% | +15.6% | +12.8% | +7.3% | +5.0% | +1.3% | +3.2% | +2.7% | +1.6% | +3.3% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −1.9% | 0.4% | 0.6% | 3.8% | 12.5% | −9.4% | 10.6% | 34.2% | 0.1% | 17.8% |
| Return on invested capital (ROIC) | 2.4% | 4.9% | 4.4% | 2.3% | 4.5% | 2.2% | 5.1% | 4.3% | 3.9% | 3.7% |
| Return on assets (ROA) | −0.5% | 0.1% | 0.1% | 0.5% | 1.3% | −0.9% | 1.1% | 3.3% | 0.0% | 0.9% |
| Return on tangible assets | −0.7% | 0.1% | 0.2% | 0.6% | 1.7% | −1.2% | 1.3% | 5.0% | 0.0% | 1.3% |
| Free cash flow margin | 4.2% | 2.5% | 2.7% | −7.2% | −5.4% | 10.1% | 0.3% | −2.9% | 5.7% | 2.9% |
| Income quality (OCF / net income) | — | 83.43 | 72.56 | 13.75 | 6.05 | — | 7.07 | 3.62 | — | 12.67 |
| Financial health | ||||||||||
| Total debt | $1.86B | $1.73B | $1.49B | $1.51B | $1.40B | $1.18B | $1.25B | $672.3M | $613.0M | $638.7M |
| Cash & short-term investments | $767.2M | $740.0M | $342.6M | $127.8M | $134.6M | $102.0M | $40.2M | $10.4M | $51.3M | $20.6M |
| Net debt | $1.09B | $988.8M | $1.15B | $1.39B | $1.26B | $1.08B | $1.21B | $661.9M | $561.7M | $618.1M |
| Debt / equity | 1.71 | 1.92 | 2.36 | 4.55 | 6.11 | 7.15 | 8.21 | 5.29 | 9.96 | 13.17 |
| Debt / assets | 0.49 | 0.53 | 0.55 | 0.62 | 0.68 | 0.66 | 0.76 | 0.61 | 0.71 | 0.75 |
| Net debt / EBITDA | 4.30 | 3.77 | 3.92 | 4.97 | 4.54 | 5.42 | 5.35 | 6.15 | 4.69 | 5.68 |
| Current ratio | 1.76 | 2.12 | 1.32 | 0.79 | 0.87 | 0.68 | 0.74 | 0.87 | 1.23 | 1.40 |
| Quick ratio | 1.76 | 2.12 | 1.32 | 0.79 | 0.87 | 0.68 | 0.74 | 0.86 | 1.23 | 1.39 |
| Interest coverage | 1.3 | 1.3 | 1.5 | 0.9 | 1.7 | 0.8 | 1.5 | 0.7 | 1.2 | 0.9 |
| Working capital | $445.4M | $539.5M | $141.8M | −$99.5M | −$50.5M | −$127.7M | −$84.2M | −$30.8M | $43.7M | $62.6M |
| Invested capital | $2.18B | $1.89B | $1.78B | $1.72B | $1.49B | $1.25B | $1.36B | $789.1M | $623.2M | $666.6M |
| Tangible asset value | $299.7M | $341.4M | $43.3M | −$292.4M | −$224.3M | −$267.0M | −$250.8M | −$258.4M | −$227.3M | −$230.2M |
| Net current asset value | −$1.37B | −$1.13B | −$1.30B | −$1.58B | −$1.39B | −$1.26B | −$1.17B | −$700.4M | −$563.7M | −$579.5M |
| Graham number | — | $3.19 | $3.21 | $4.93 | $6.68 | — | $4.47 | $6.24 | $0.18 | $1.90 |
| Graham net-net per share | −$19.63 | −$16.62 | −$21.54 | −$29.23 | −$27.56 | −$26.03 | −$24.96 | −$16.13 | −$13.28 | −$13.95 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | — | $6.3M | $1.6M | — | $1.4M | $1.5M | $492,000 |
| Share buybacks (net) | — | — | — | $599,000 | $1.9M | $2.0M | $3.0M | $1.6M | $1.5M | $0 |
| Dividend payout ratio | — | — | — | — | 25.3% | — | — | 4.4% | — | 6.8% |
| Dividends + buybacks / free cash flow | — | — | — | — | — | 3.3% | 98.8% | — | 5.9% | 1.9% |
| Capex / revenue | 10.5% | 10.3% | 10.9% | 17.4% | 16.8% | 11.7% | 8.8% | 14.9% | 9.6% | 7.4% |
| Capex / operating cash flow | 71.4% | 80.7% | 80.0% | 170.3% | 147.6% | 53.7% | 97.1% | 124.5% | 63.0% | 71.9% |
| Capex / depreciation | 1.40 | 1.36 | 0.93 | 1.35 | 1.29 | 0.81 | 0.69 | 1.99 | 1.33 | 0.99 |
| Stock-based compensation / revenue | 2.7% | 1.6% | 1.7% | 1.7% | 1.9% | 1.2% | 0.8% | 0.8% | 0.7% | 0.7% |
| R&D / revenue | — | — | 0.1% | — | — | — | — | — | — | — |
| SG&A / revenue | — | — | — | 88.5% | 85.5% | 90.5% | 86.8% | 89.2% | 0.2% | 0.3% |
| Efficiency | ||||||||||
| Days sales outstanding | 39.4 | 41.6 | 42.3 | 41.6 | 38.3 | 49.6 | 48.3 | 57.5 | 64.2 | 69.0 |
| Days of inventory on hand | — | — | 0.0 | — | — | 0.4 | 0.8 | 0.5 | 0.5 | 5.8 |
| Days payables outstanding | 23.4 | 25.3 | 29.5 | 27.3 | 25.4 | 25.4 | 24.2 | 20.3 | 15.8 | 21.9 |
| Cash conversion cycle (days) | 16.0 | 16.2 | 12.8 | 14.3 | 12.9 | 24.6 | 25.0 | 37.7 | 48.9 | 52.8 |
| Receivables turnover | 9.26 | 8.78 | 8.64 | 8.78 | 9.53 | 7.36 | 7.56 | 6.34 | 5.68 | 5.29 |
| Payables turnover | 15.61 | 14.41 | 12.37 | 13.37 | 14.35 | 14.38 | 15.11 | 17.97 | 23.09 | 16.64 |
| Inventory turnover | — | — | 1,395,239,000.00 | — | — | 946.50 | 440.39 | 694.32 | 728.44 | 63.38 |
| Asset turnover | 0.58 | 0.61 | 0.63 | 0.64 | 0.68 | 0.62 | 0.84 | 0.99 | 1.07 | 1.05 |
| Average receivables | $220.3M | $208.4M | $187.2M | $162.9M | $137.9M | $145.7M | $152.8M | $153.7M | $162.2M | $167.1M |
| Average payables | $124.8M | $109.7M | $112.8M | $94.6M | $78.3M | $67.2M | $66.2M | $48.3M | $34.7M | $46.6M |
| Average inventory | — | — | $1 | — | — | $1.0M | $2.3M | $1.2M | $1.1M | $12.2M |
| Intangibles / total assets | 28.1% | 24.1% | 28.6% | 32.2% | 27.7% | 29.4% | 29.4% | 41.3% | 34.2% | 33.2% |
Computed from RDNT's annual financial statements (latest annual report filed March 2, 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.
RDNT valuation and financial ratios
RadNet earned a return on equity of −1.9% and a return on invested capital of 2.4% in fiscal 2025. It ended the year with $1.9 billion of debt and $767.2 million in cash and short-term investments, net debt of $1.1 billion. The share count rose 61.2% from 46.7M to 75.2M over 9 years.
See the RDNT income statement, the RDNT chart for price history, or the RDNT stock overview for the latest quote and news.
RDNT key metrics FAQ
What is RadNet's EV/EBITDA?
RadNet's enterprise value was 25.4 times EBITDA at the end of fiscal 2025 (enterprise value $6.5 billion, EBITDA $253.9 million); the current EV/EBITDA is 21.6.
What is RadNet's return on equity?
RadNet's return on equity (ROE) was −1.9% in fiscal 2025: net income of -$18.7 million on average shareholders' equity of $996.1 million.
What is RadNet's ROIC?
RadNet's return on invested capital was 2.4% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does RadNet have?
RadNet had total debt of $1.9 billion at the end of fiscal 2025, a debt-to-equity ratio of 1.71 and $1.1 billion of net debt (4.30 times EBITDA).
What is RadNet's free cash flow yield?
RadNet generated $85.6 million of free cash flow in fiscal 2025, a free cash flow yield of 1.6% on its market value at year-end ($5.4 billion).
What is RadNet's current ratio?
RadNet's current ratio was 1.76 at the end of fiscal 2025: current assets were 1.76 times current liabilities.