Sable Offshore Corp. (SOC) Key Metrics
SOC valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $637.0M
- Enterprise value
- $1.77B
- P/E (TTM)
- —
- Forward P/E
- 4.5
- PEG ratio
- —
- Price / sales
- 4.6
- Price / book
- 2.0 10-yr median 3.2
- EV / EBITDA
- —
- Dividend yield
- —
- Beta
- −0.13
SOC key metrics, FY2020–FY2025
Fiscal year ended September 30, 2025 · U.S. dollarsSOC valuation Price multiples at each fiscal year-end price.
SOC returns How much profit the business earns on the capital it uses.
SOC per-share figures Results divided by the shares outstanding at year-end.
SOC financial health Debt, liquidity and how easily interest is covered.
SOC efficiency & capital use Working capital cycle and where the cash goes.
SOC valuation history
SOC returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
SOC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
SOC cash returned to shareholders
SOC price vs earnings per share
SOC key metrics
FY2020–FY2025| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Valuation | ||||||
| Market capitalization | $1.71B | $2.11B | $464.8M | — | — | — |
| Enterprise value | $2.56B | $2.66B | $478.8M | — | — | — |
| Price / book | 3.2 | 5.5 | 1.4 | — | — | — |
| Earnings yield | −23.9% | −29.8% | −20.2% | — | — | — |
| Free cash flow yield | −44.9% | −12.3% | −0.8% | — | — | — |
| Shareholder yield (dividends + buybacks) | 0.0% | 0.0% | 49.5% | — | — | — |
| Share price at fiscal year-end | $17.46 | $23.63 | $10.46 | $9.83 | $9.72 | — |
| Per share | ||||||
| Revenue per share | $0.00 | $0.00 | $0.00 | — | — | — |
| Earnings per share | −$4.18 | −$7.04 | −$2.11 | — | — | — |
| Operating cash flow per share | −$3.58 | −$2.09 | −$0.09 | — | — | — |
| Free cash flow per share | −$7.84 | −$2.90 | −$0.09 | — | — | — |
| Cash per share | $0.99 | $3.36 | $0.01 | — | — | — |
| Book value per share | $5.44 | $4.30 | $7.63 | — | — | — |
| Tangible book value per share | $5.44 | $4.30 | $7.63 | — | — | — |
| Capex per share | $4.25 | $0.81 | $0.00 | — | — | — |
| Debt per share | $9.61 | $9.53 | $0.32 | — | — | — |
| Shares outstanding | 98.2M | 89.3M | 44.4M | — | — | — |
| Change in shares outstanding | +9.9% | +101.0% | — | — | — | — |
| Returns & profitability | ||||||
| Return on equity (ROE) | −89.3% | −174.0% | −30.7% | −0.9% | 3.1% | −7.1% |
| Return on invested capital (ROIC) | −27.9% | −41.5% | −23.8% | −1.8% | −1.2% | −9.0% |
| Return on assets (ROA) | −24.7% | −54.8% | −18.7% | −0.9% | 3.0% | −0.5% |
| Return on tangible assets | −23.6% | −39.7% | −13.2% | −0.9% | 1.5% | −0.5% |
| Income quality (OCF / net income) | — | — | — | — | −0.47 | — |
| Financial health | ||||||
| Total debt | $943.4M | $851.4M | $14.2M | $1.8M | $956,115 | $43,626 |
| Cash & short-term investments | $97.7M | $300.4M | $267,816 | $100,256 | $322,768 | $9,014 |
| Net debt | $845.7M | $551.1M | $13.9M | $1.7M | $633,347 | $34,612 |
| Debt / equity | 1.77 | 2.22 | 0.04 | 0.01 | 0.00 | 1.87 |
| Debt / assets | 0.54 | 0.54 | 0.02 | 0.01 | 0.00 | 0.14 |
| Net debt / EBITDA | — | — | — | — | 0.15 | — |
| Current ratio | 0.13 | 2.94 | 0.91 | 0.03 | 0.69 | 1.08 |
| Quick ratio | 0.12 | 2.82 | 0.00 | −2.53 | 0.69 | 1.08 |
| Interest coverage | -4.6 | -5.0 | — | — | — | — |
| Working capital | −$887.7M | $234.6M | −$1.7M | −$6.5M | −$386,969 | $23,343 |
| Invested capital | $1.38B | $935.2M | $352.9M | $273.7M | $275.2M | $57,955 |
| Tangible asset value | $534.3M | $384.2M | $339.0M | $272.0M | $274.6M | $23,343 |
| Net current asset value | −$1.07B | −$843.7M | −$356.3M | −$18.7M | −$13.0M | $23,343 |
| Graham net-net per share | −$11.23 | −$9.98 | −$8.20 | — | — | — |
| Capital allocation | ||||||
| Share buybacks (net) | $0 | $0 | $230.1M | $0 | — | — |
| Capex / depreciation | 28.78 | 5.38 | 0.00 | 0.00 | 0.00 | 0.00 |
| Efficiency | ||||||
| Days of inventory on hand | 344.8 | 428.7 | 290.2 | — | — | — |
| Days payables outstanding | 528.8 | 272.3 | 68.3 | — | — | — |
| Payables turnover | 0.69 | 1.34 | 5.35 | — | — | — |
| Inventory turnover | 1.06 | 0.85 | 1.26 | — | — | — |
| Asset turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Average payables | $21.0M | $10.0M | $3.9M | $2.5M | $256,377 | $237,254 |
| Average inventory | $13.7M | $15.8M | $16.7M | $17.2M | — | — |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from SOC's annual financial statements (latest annual report filed February 27, 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.
SOC valuation and financial ratios
Sable Offshore earned a return on equity of −89.3% and a return on invested capital of −27.9% in fiscal 2025. It ended the year with $943.4 million of debt and $97.7 million in cash and short-term investments, net debt of $845.7 million.
See the SOC income statement, the SOC chart for price history, or the SOC stock overview for the latest quote and news.
SOC key metrics FAQ
What is Sable Offshore's return on equity?
Sable Offshore's return on equity (ROE) was −89.3% in fiscal 2025: net income of -$410.2 million on average shareholders' equity of $459.2 million.
What is Sable Offshore's ROIC?
Sable Offshore's return on invested capital was −27.9% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Sable Offshore have?
Sable Offshore had total debt of $943.4 million at the end of fiscal 2025, a debt-to-equity ratio of 1.77.
What is Sable Offshore's free cash flow yield?
Sable Offshore generated -$769.3 million of free cash flow in fiscal 2025, a free cash flow yield of −44.9% on its market value at year-end ($1.7 billion).
What is Sable Offshore's current ratio?
Sable Offshore's current ratio was 0.13 at the end of fiscal 2025: current assets were 0.13 times current liabilities.