Solid Power, Inc. (SLDP) Key Metrics
SLDP valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $458.6M
- Enterprise value
- $302.5M
- P/E (TTM)
- —
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 62.0 10-yr median 36.1
- Price / book
- 1.1 10-yr median 0.8
- EV / EBITDA
- 6.2
- Dividend yield
- —
- Beta
- 2.00
SLDP key metrics, 2019–2025
Fiscal year ended December 31, 2025 · U.S. dollarsSLDP valuation Price multiples at each fiscal year-end price.
SLDP returns How much profit the business earns on the capital it uses.
SLDP per-share figures Results divided by the shares outstanding at year-end.
SLDP financial health Debt, liquidity and how easily interest is covered.
SLDP efficiency & capital use Working capital cycle and where the cash goes.
SLDP valuation history
SLDP returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
SLDP debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
SLDP cash returned to shareholders
SLDP price vs earnings per share
SLDP key metrics
2019–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Valuation | |||||||
| Market capitalization | $785.8M | $339.1M | $258.1M | $442.9M | $1.46B | — | — |
| Enterprise value | $543.0M | $230.3M | $91.6M | $129.9M | $875.3M | — | — |
| P/E ratio | — | — | — | — | 80.9 | — | — |
| Price / sales | 36.1 | 16.8 | 14.8 | 37.6 | 540.0 | — | — |
| Price / book | 1.9 | 0.8 | 0.5 | 0.8 | 2.6 | — | — |
| EV / sales | 25.0 | 11.4 | 5.3 | 11.0 | 322.7 | — | — |
| EV / EBITDA | — | — | — | — | 42.0 | — | — |
| Earnings yield | −11.9% | −28.5% | −25.4% | −2.2% | 1.2% | — | — |
| Free cash flow yield | −10.6% | −23.7% | −36.2% | −20.9% | −2.6% | — | — |
| Dividend yield | — | — | — | 0.2% | 9.3% | — | — |
| Shareholder yield (dividends + buybacks) | 0.5% | 2.7% | 0.0% | 0.2% | 9.7% | — | — |
| Share price at fiscal year-end | $4.25 | $1.89 | $1.45 | $2.54 | $8.74 | — | — |
| Per share | |||||||
| Revenue per share | $0.12 | $0.11 | $0.10 | $0.07 | $0.02 | $0.03 | $0.01 |
| Earnings per share | −$0.51 | −$0.54 | −$0.37 | −$0.05 | $0.11 | −$0.21 | −$0.05 |
| Operating cash flow per share | −$0.40 | −$0.36 | −$0.33 | −$0.19 | −$0.15 | −$0.14 | −$0.05 |
| Free cash flow per share | −$0.45 | −$0.45 | −$0.52 | −$0.53 | −$0.23 | −$0.16 | −$0.07 |
| Cash per share | $1.36 | $0.66 | $0.99 | $1.85 | $3.52 | $0.07 | $0.06 |
| Book value per share | $2.25 | $2.29 | $2.83 | $3.18 | $3.33 | $0.06 | $0.08 |
| Tangible book value per share | $2.24 | $2.28 | $2.82 | $3.18 | $3.33 | $0.05 | $0.08 |
| Dividends per share | — | — | — | $0.00 | $0.81 | — | — |
| Capex per share | $0.06 | $0.09 | $0.20 | $0.34 | $0.08 | $0.02 | $0.02 |
| Debt per share | $0.04 | $0.05 | $0.05 | $0.06 | $0.00 | $0.09 | $0.04 |
| Shares outstanding | 184.9M | 179.4M | 178.0M | 174.4M | 167.6M | 69.9M | 167.6M |
| Change in shares outstanding | +3.1% | +0.8% | +2.1% | +4.1% | +139.8% | −58.3% | — |
| Returns & profitability | |||||||
| Return on equity (ROE) | −22.6% | −21.1% | −12.4% | −1.7% | 6.4% | −171.4% | −71.4% |
| Return on invested capital (ROIC) | −33.5% | −26.1% | −24.7% | −44.1% | — | −131.7% | −84.2% |
| Return on assets (ROA) | −20.7% | −19.7% | −11.6% | −1.6% | 5.7% | −82.0% | −44.2% |
| Return on tangible assets | −20.6% | −21.6% | −12.3% | −1.6% | 2.9% | −103.0% | −44.7% |
| Free cash flow margin | −384.4% | −398.6% | −536.1% | −785.6% | — | −525.7% | −514.6% |
| Income quality (OCF / net income) | — | — | — | — | −1.41 | — | — |
| Financial health | |||||||
| Total debt | $8.0M | $9.4M | $9.6M | $10.1M | $130,000 | $6.3M | $6.4M |
| Cash & short-term investments | $250.8M | $118.2M | $176.0M | $323.1M | $589.3M | $5.0M | $10.6M |
| Net debt | −$242.8M | −$108.8M | −$166.5M | −$313.0M | −$589.2M | $1.4M | −$4.2M |
| Debt / equity | 0.02 | 0.02 | 0.02 | 0.02 | 0.00 | 1.64 | 0.50 |
| Debt / assets | 0.02 | 0.02 | 0.02 | 0.02 | 0.00 | 0.45 | 0.31 |
| Net debt / EBITDA | — | — | — | — | −28.30 | — | — |
| Current ratio | 15.92 | 6.27 | 11.53 | 15.81 | 71.05 | 2.97 | 6.62 |
| Quick ratio | 15.92 | 6.27 | 11.53 | 15.81 | 71.05 | 2.97 | 6.62 |
| Interest coverage | — | — | — | — | -67.4 | -32.1 | -155.8 |
| Working capital | $250.6M | $105.3M | $167.2M | $307.1M | $586.0M | $3.6M | $9.5M |
| Invested capital | $173.4M | $301.5M | $336.8M | $242.3M | −$30.5M | $5.2M | $8.7M |
| Tangible asset value | $414.0M | $408.2M | $501.7M | $554.3M | $558.0M | $3.6M | $12.7M |
| Net current asset value | $228.5M | $87.3M | $153.7M | $288.7M | $535.4M | −$4.9M | $3.2M |
| Graham number | — | — | — | — | $2.85 | — | — |
| Graham net-net per share | $1.18 | $0.45 | $0.83 | $1.64 | $3.17 | −$0.07 | $0.02 |
| Capital allocation | |||||||
| Dividends paid | — | — | — | $760,000 | $135.6M | — | — |
| Share buybacks (net) | $3.6M | $9.1M | $112,000 | $58,000 | $6.0M | $0 | — |
| Dividend payout ratio | — | — | — | — | 749.4% | — | — |
| Capex / revenue | 46.9% | 81.3% | 201.4% | 498.7% | 479.3% | 50.4% | 137.1% |
| Capex / depreciation | 0.52 | 0.94 | 2.75 | 9.93 | 5.51 | 0.51 | 2.17 |
| Stock-based compensation / revenue | 41.3% | 59.4% | 59.6% | 73.6% | 100.1% | 8.7% | 5.2% |
| R&D / revenue | 333.4% | 364.2% | 314.5% | 327.4% | 353.8% | 357.0% | 318.2% |
| SG&A / revenue | 135.3% | 158.1% | 150.5% | 192.8% | 334.9% | 115.6% | 108.1% |
| Efficiency | |||||||
| Days sales outstanding | 92.6 | 26.7 | 35.6 | 41.3 | 74.4 | 47.7 | 43.7 |
| Days of inventory on hand | — | — | 0.0 | — | 0.0 | 0.0 | — |
| Days payables outstanding | 147.1 | 131.2 | 117.0 | 297.8 | 268.9 | 50.1 | 51.4 |
| Cash conversion cycle (days) | -54.5 | -104.5 | -81.5 | -256.5 | -194.5 | -2.5 | -7.8 |
| Receivables turnover | 3.94 | 13.67 | 10.26 | 8.83 | 4.90 | 7.66 | 8.36 |
| Payables turnover | 2.48 | 2.78 | 3.12 | 1.23 | 1.36 | 7.28 | 7.10 |
| Inventory turnover | — | — | 27,731,000.00 | — | 3,073,000.00 | 1,670,000.00 | — |
| Asset turnover | 0.05 | 0.04 | 0.03 | 0.02 | 0.01 | 0.12 | 0.11 |
| Average receivables | $5.5M | $1.5M | $1.7M | $1.3M | $553,000 | $274,584 | $272,167 |
| Average payables | $8.3M | $7.3M | $8.9M | $7.8M | $2.3M | $229,326 | $256,653 |
| Average inventory | — | — | $1 | — | $1 | $1 | — |
| Intangibles / total assets | 0.5% | 0.5% | 0.3% | 0.2% | 0.1% | 1.7% | 1.0% |
Computed from SLDP's annual financial statements (latest annual report filed February 25, 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.
SLDP valuation and financial ratios
Solid Power earned a return on equity of −22.6% and a return on invested capital of −33.5% in fiscal 2025. It ended the year with $8.0 million of debt and $250.8 million in cash and short-term investments, a net cash position of $242.8 million. It returned $3.6 million to shareholders: $0 in dividends and $3.6 million in share buybacks. The share count rose 10.4% from 167.6M to 184.9M over 6 years.
See the SLDP income statement, the SLDP chart for price history, or the SLDP stock overview for the latest quote and news.
SLDP key metrics FAQ
What is Solid Power's return on equity?
Solid Power's return on equity (ROE) was −22.6% in fiscal 2025: net income of -$93.4 million on average shareholders' equity of $413.2 million.
What is Solid Power's ROIC?
Solid Power's return on invested capital was −33.5% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Solid Power have?
Solid Power had total debt of $8.0 million at the end of fiscal 2025, a debt-to-equity ratio of 0.02 and more cash than debt.
Does Solid Power buy back its shares?
Yes. Solid Power spent $3.6 million on net share repurchases in fiscal 2025 Shares outstanding changed +3.1% over the year, to 184.9M..
What is Solid Power's free cash flow yield?
Solid Power generated -$83.6 million of free cash flow in fiscal 2025, a free cash flow yield of −10.6% on its market value at year-end ($785.8 million).
What is Solid Power's current ratio?
Solid Power's current ratio was 15.92 at the end of fiscal 2025: current assets were 15.92 times current liabilities.