Roku, Inc (ROKU) Key Metrics
ROKU valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $22.94B
- Enterprise value
- $20.71B
- P/E (TTM)
- 65.8
- Forward P/E
- 39.1
- PEG ratio
- 0.60
- Price / sales
- 4.4 10-yr median 4.3
- Price / book
- 8.1 10-yr median 11.7
- EV / EBITDA
- 28.3 10-yr median 58.4
- Dividend yield
- —
- Beta
- 2.05
ROKU key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsROKU valuation Price multiples at each fiscal year-end price.
ROKU returns How much profit the business earns on the capital it uses.
ROKU per-share figures Results divided by the shares outstanding at year-end.
ROKU financial health Debt, liquidity and how easily interest is covered.
ROKU efficiency & capital use Working capital cycle and where the cash goes.
ROKU valuation history
ROKU returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
ROKU debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
ROKU cash returned to shareholders
ROKU price vs earnings per share
ROKU key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $16.37B | $10.75B | $12.98B | $5.60B | $32.33B | $41.16B | $15.43B | $3.21B | $4.40B | — |
| Enterprise value | $14.93B | $9.18B | $11.60B | $4.36B | $30.70B | $40.51B | $15.33B | $3.01B | $4.22B | — |
| P/E ratio | 185.3 | — | — | — | 133.4 | — | — | — | — | — |
| Price / sales | 3.5 | 2.6 | 3.7 | 1.8 | 11.7 | 23.1 | 13.7 | 4.3 | 8.6 | — |
| Price / book | 6.2 | 4.3 | 5.6 | 2.1 | 11.7 | 31.0 | 22.1 | 13.1 | 28.9 | — |
| Price / free cash flow | 34.2 | 50.5 | 74.9 | — | 171.9 | 625.5 | — | — | 156.7 | — |
| Price / operating cash flow | 33.8 | 49.3 | 50.7 | 475.0 | 141.7 | 277.8 | — | 230.2 | 117.9 | — |
| EV / sales | 3.2 | 2.2 | 3.3 | 1.4 | 11.1 | 22.8 | 13.6 | 4.1 | 8.2 | — |
| EV / EBITDA | 34.2 | 41.8 | — | — | 75.1 | 811.3 | — | — | — | — |
| EV / free cash flow | 31.2 | 43.1 | 67.0 | — | 163.3 | 615.5 | — | — | 150.4 | — |
| Earnings yield | 0.5% | −1.2% | −5.5% | −8.9% | 0.7% | −0.0% | −0.4% | −0.3% | −1.4% | — |
| Free cash flow yield | 2.9% | 2.0% | 1.3% | −2.7% | 0.6% | 0.2% | −0.5% | −0.1% | 0.6% | — |
| Dividend yield | — | — | — | — | — | — | — | — | 0.0% | — |
| Shareholder yield (dividends + buybacks) | 0.9% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Share price at fiscal year-end | $108.49 | $74.34 | $91.66 | $40.70 | $228.20 | $332.02 | $133.90 | $30.64 | $51.78 | — |
| Per share | ||||||||||
| Revenue per share | $31.39 | $28.44 | $24.61 | $22.71 | $19.51 | $14.34 | $9.80 | $7.10 | $6.04 | $4.65 |
| Earnings per share | $0.59 | −$0.89 | −$5.01 | −$3.62 | $1.71 | −$0.14 | −$0.52 | −$0.08 | −$0.75 | −$0.50 |
| Operating cash flow per share | $3.21 | $1.51 | $1.81 | $0.09 | $1.61 | $1.20 | $0.12 | $0.13 | $0.44 | −$0.38 |
| Free cash flow per share | $3.17 | $1.47 | $1.22 | −$1.09 | $1.33 | $0.53 | −$0.62 | −$0.04 | $0.33 | −$0.48 |
| Cash per share | $15.36 | $14.94 | $14.31 | $14.25 | $15.15 | $8.81 | $4.47 | $1.89 | $2.09 | $0.40 |
| Book value per share | $17.61 | $17.24 | $16.43 | $19.22 | $19.53 | $10.71 | $6.06 | $2.34 | $1.79 | −$2.26 |
| Tangible book value per share | $15.23 | $14.29 | $13.18 | $15.50 | $16.22 | $9.62 | $4.75 | $2.31 | $1.75 | −$2.26 |
| Dividends per share | — | — | — | — | — | — | — | — | $0.00 | — |
| Capex per share | $0.03 | $0.03 | $0.58 | $1.17 | $0.28 | $0.66 | $0.73 | $0.18 | $0.11 | $0.10 |
| Debt per share | $5.78 | $4.09 | $4.62 | $5.23 | $3.68 | $3.54 | $3.64 | $0.03 | $0.00 | $0.29 |
| Shares outstanding | 150.9M | 144.6M | 141.6M | 137.7M | 141.7M | 124.0M | 115.2M | 104.6M | 84.9M | 85.7M |
| Change in shares outstanding | +4.3% | +2.2% | +2.8% | −2.8% | +14.3% | +7.6% | +10.1% | +23.2% | −0.9% | 0.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 3.4% | −5.4% | −28.5% | −18.4% | 11.8% | −1.7% | −12.7% | −4.5% | — | — |
| Return on invested capital (ROIC) | −0.5% | −18.3% | −53.1% | −32.9% | 25.9% | −2.5% | −15.8% | −83.7% | — | — |
| Return on assets (ROA) | 2.0% | −3.0% | −16.4% | −11.7% | 7.6% | −0.9% | −6.2% | −2.1% | −23.1% | −24.0% |
| Return on tangible assets | 2.2% | −3.3% | −18.7% | −12.8% | 6.7% | −0.8% | −4.5% | −1.9% | −17.2% | −23.9% |
| Free cash flow margin | 10.1% | 5.2% | 5.0% | −4.8% | 6.8% | 3.7% | −6.3% | −0.6% | 5.5% | −10.3% |
| Income quality (OCF / net income) | 5.47 | — | — | — | 0.94 | — | — | — | — | — |
| Financial health | ||||||||||
| Total debt | $871.8M | $591.9M | $654.3M | $719.3M | $521.7M | $438.3M | $419.2M | $3.1M | $0 | $25.0M |
| Cash & short-term investments | $2.32B | $2.16B | $2.03B | $1.96B | $2.15B | $1.09B | $515.5M | $197.7M | $177.2M | $34.6M |
| Net debt | −$1.45B | −$1.57B | −$1.37B | −$1.24B | −$1.62B | −$654.5M | −$96.3M | −$194.6M | −$177.2M | −$9.6M |
| Debt / equity | 0.33 | 0.24 | 0.28 | 0.27 | 0.19 | 0.33 | 0.60 | 0.01 | 0.00 | — |
| Debt / assets | 0.20 | 0.14 | 0.15 | 0.16 | 0.13 | 0.19 | 0.29 | 0.01 | 0.00 | 0.14 |
| Net debt / EBITDA | −3.31 | −7.13 | — | — | −3.97 | −13.11 | — | — | — | — |
| Current ratio | 2.75 | 2.62 | 2.41 | 2.74 | 4.19 | 3.26 | 2.58 | 2.23 | 2.11 | 1.42 |
| Quick ratio | 2.66 | 2.50 | 2.34 | 2.64 | 4.12 | 3.16 | 2.44 | 2.05 | 1.91 | 1.04 |
| Interest coverage | -3.0 | -530.8 | — | -102.9 | 78.9 | -5.9 | -27.5 | -38.4 | -12.2 | -297.0 |
| Working capital | $2.16B | $2.00B | $1.80B | $1.88B | $2.32B | $1.18B | $567.4M | $238.9M | $181.7M | $48.7M |
| Invested capital | $1.21B | $924.4M | $954.7M | $1.40B | $1.14B | $673.5M | $602.1M | $50.1M | −$25.0M | −$203.4M |
| Tangible asset value | $2.30B | $2.07B | $1.87B | $2.13B | $2.30B | $1.19B | $547.6M | $241.8M | $148.9M | −$193.8M |
| Net current asset value | $1.63B | $1.42B | $1.14B | $1.20B | $1.74B | $755.1M | $153.9M | $212.6M | $125.3M | −$207.7M |
| Graham number | $15.23 | — | — | — | $27.42 | — | — | — | — | — |
| Graham net-net per share | $8.34 | $7.17 | $5.29 | $5.96 | $10.02 | $4.60 | $0.16 | $1.27 | $0.76 | −$3.00 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | — | — | — | — | — | $0 | — |
| Share buybacks (net) | $150.0M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends + buybacks / free cash flow | 31.3% | 0.0% | 0.0% | — | 0.0% | 0.0% | — | — | 0.0% | — |
| Capex / revenue | 0.1% | 0.1% | 2.4% | 5.2% | 1.4% | 4.6% | 7.5% | 2.5% | 1.8% | 2.2% |
| Capex / operating cash flow | 1.1% | 2.3% | 32.3% | 1,370.9% | 17.6% | 55.6% | 617.3% | 131.6% | 24.7% | — |
| Capex / depreciation | 0.02 | 0.01 | 0.25 | 0.48 | 0.24 | 1.27 | 2.23 | 2.18 | 1.73 | 1.62 |
| Stock-based compensation / revenue | 7.5% | 9.4% | 10.6% | 11.5% | 6.8% | 7.5% | 7.5% | 5.1% | 2.1% | 2.1% |
| R&D / revenue | 15.4% | 17.5% | 25.2% | 25.2% | 16.7% | 20.0% | 23.5% | 23.0% | 21.1% | 19.1% |
| SG&A / revenue | 28.5% | 31.7% | 41.2% | 37.8% | 25.8% | 26.6% | 26.2% | 23.5% | 21.7% | 22.1% |
| Efficiency | ||||||||||
| Days sales outstanding | 65.2 | 72.3 | 82.6 | 88.3 | 84.2 | 87.9 | 83.4 | 74.6 | 71.2 | 60.9 |
| Days of inventory on hand | 18.7 | 19.8 | 18.5 | 17.0 | 14.0 | 19.5 | 24.6 | 30.4 | 44.5 | 48.6 |
| Days payables outstanding | 29.7 | 52.2 | 51.2 | 31.4 | 31.9 | 42.8 | 49.5 | 50.3 | 51.2 | 43.1 |
| Cash conversion cycle (days) | 54.3 | 39.9 | 49.9 | 74.0 | 66.3 | 64.6 | 58.5 | 54.8 | 64.5 | 66.3 |
| Receivables turnover | 5.60 | 5.05 | 4.42 | 4.13 | 4.33 | 4.15 | 4.38 | 4.89 | 5.13 | 6.00 |
| Payables turnover | 12.31 | 7.00 | 7.13 | 11.63 | 11.43 | 8.53 | 7.38 | 7.26 | 7.13 | 8.46 |
| Inventory turnover | 19.51 | 18.43 | 19.73 | 21.47 | 26.03 | 18.73 | 14.86 | 12.01 | 8.20 | 7.51 |
| Asset turnover | 1.08 | 0.96 | 0.80 | 0.74 | 0.87 | 0.95 | 1.17 | 1.77 | 1.86 | 2.24 |
| Average receivables | $846.2M | $814.4M | $788.6M | $756.6M | $638.1M | $428.3M | $257.9M | $151.8M | $100.0M | $66.5M |
| Average payables | $216.3M | $329.7M | $275.1M | $144.9M | $118.6M | $113.8M | $85.9M | $56.5M | $43.9M | $32.8M |
| Average inventory | $136.5M | $125.2M | $99.4M | $78.5M | $52.1M | $51.8M | $42.6M | $34.2M | $38.2M | $36.9M |
| Intangibles / total assets | 8.1% | 9.9% | 10.8% | 11.6% | 11.5% | 6.0% | 10.3% | 0.6% | 0.9% | 0.0% |
Computed from ROKU's annual financial statements (latest annual report filed February 13, 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.
ROKU valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Roku traded at 185.3 times earnings. Based on the latest twelve months, the trailing P/E is 65.8 and the forward P/E is 39.1. Roku earned a return on equity of 3.4% and a return on invested capital of −0.5% in fiscal 2025. It ended the year with $871.8 million of debt and $2.3 billion in cash and short-term investments, a net cash position of $1.4 billion. It returned $150.0 million to shareholders: $0 in dividends and $150.0 million in share buybacks, 31% of free cash flow. The share count rose 76.1% from 85.7M to 150.9M over 9 years.
See the ROKU income statement, the ROKU chart for price history, or the ROKU stock overview for the latest quote and news.
ROKU key metrics FAQ
What is Roku's P/E ratio?
Roku's trailing P/E ratio is 65.8 based on the last twelve months of earnings (as of October 17, 2026), and its forward P/E is 39.1. At the end of fiscal 2025 it was 185.3.
What is Roku's EV/EBITDA?
Roku's enterprise value was 34.2 times EBITDA at the end of fiscal 2025 (enterprise value $14.9 billion, EBITDA $436.4 million); the current EV/EBITDA is 28.3.
What is Roku's return on equity?
Roku's return on equity (ROE) was 3.4% in fiscal 2025: net income of $88.4 million on average shareholders' equity of $2.6 billion.
What is Roku's ROIC?
Roku's return on invested capital was −0.5% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Roku have?
Roku had total debt of $871.8 million at the end of fiscal 2025, a debt-to-equity ratio of 0.33 and more cash than debt.
Does Roku buy back its shares?
Yes. Roku spent $150.0 million on net share repurchases in fiscal 2025 Shares outstanding changed +4.3% over the year, to 150.9M..
What is Roku's free cash flow yield?
Roku generated $478.4 million of free cash flow in fiscal 2025, a free cash flow yield of 2.9% on its market value at year-end ($16.4 billion).
What is Roku's current ratio?
Roku's current ratio was 2.75 at the end of fiscal 2025: current assets were 2.75 times current liabilities.