Sonos, Inc. (SONO) Key Metrics
SONO valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $2.05B
- Enterprise value
- $1.82B
- P/E (TTM)
- 38.5
- Forward P/E
- 37.3
- PEG ratio
- —
- Price / sales
- 1.4 10-yr median 1.2
- Price / book
- 5.0 10-yr median 5.2
- EV / EBITDA
- 14.9 10-yr median 51.2
- Dividend yield
- —
- Beta
- 1.88
SONO key metrics, FY2016–FY2025
Fiscal year ended September 30, 2025 · U.S. dollarsSONO valuation Price multiples at each fiscal year-end price.
SONO returns How much profit the business earns on the capital it uses.
SONO per-share figures Results divided by the shares outstanding at year-end.
SONO financial health Debt, liquidity and how easily interest is covered.
SONO efficiency & capital use Working capital cycle and where the cash goes.
SONO valuation history
SONO returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
SONO debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
SONO cash returned to shareholders
SONO price vs earnings per share
SONO key metrics
FY2016–FY2025| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $1.91B | $1.51B | $1.65B | $1.91B | $4.54B | $1.67B | $1.39B | $1.69B | — | — |
| Enterprise value | $1.74B | $1.36B | $1.48B | $1.68B | $3.94B | $1.35B | $1.09B | $1.51B | — | — |
| P/E ratio | — | — | — | 28.4 | 28.6 | — | — | — | — | — |
| Price / sales | 1.3 | 1.0 | 1.0 | 1.1 | 2.6 | 1.3 | 1.1 | 1.5 | — | — |
| Price / book | 5.4 | 3.5 | 3.2 | 3.4 | 8.0 | 5.6 | 5.0 | 8.1 | — | — |
| Price / free cash flow | 17.6 | 11.2 | 32.9 | — | 21.9 | 12.9 | 14.3 | — | — | — |
| Price / operating cash flow | 13.9 | 8.0 | 16.4 | — | 17.9 | 10.3 | 11.5 | 55.2 | — | — |
| EV / sales | 1.2 | 0.9 | 0.9 | 1.0 | 2.3 | 1.0 | 0.9 | 1.3 | — | — |
| EV / EBITDA | 141.6 | 52.9 | 52.2 | 15.6 | 20.6 | 75.5 | 28.7 | 50.1 | — | — |
| EV / free cash flow | 16.1 | 10.1 | 29.6 | — | 19.0 | 10.4 | 11.2 | — | — | — |
| Earnings yield | −3.2% | −2.5% | −0.6% | 3.5% | 3.5% | −1.2% | −0.3% | −0.9% | — | — |
| Free cash flow yield | 5.7% | 8.9% | 3.0% | −3.9% | 4.6% | 7.7% | 7.0% | −0.3% | — | — |
| Dividend yield | — | — | — | — | 3.3% | 2.5% | 2.2% | 4.7% | — | — |
| Shareholder yield (dividends + buybacks) | 4.2% | 10.2% | 7.9% | 9.9% | 5.4% | 6.2% | 2.4% | 4.7% | — | — |
| Share price at fiscal year-end | $15.80 | $12.29 | $12.91 | $13.90 | $32.36 | $15.18 | $13.41 | $16.04 | — | — |
| Per share | ||||||||||
| Revenue per share | $11.95 | $12.32 | $12.96 | $12.72 | $12.24 | $12.08 | $12.15 | $10.80 | $9.38 | $16.69 |
| Earnings per share | −$0.51 | −$0.31 | −$0.08 | $0.49 | $1.13 | −$0.18 | −$0.05 | −$0.15 | −$0.13 | −$0.71 |
| Operating cash flow per share | $1.13 | $1.54 | $0.79 | −$0.21 | $1.80 | $1.48 | $1.16 | $0.29 | $0.60 | $0.80 |
| Free cash flow per share | $0.90 | $1.09 | $0.39 | −$0.54 | $1.48 | $1.17 | $0.94 | −$0.05 | $0.29 | −$0.17 |
| Cash per share | $1.88 | $1.79 | $1.72 | $2.00 | $4.56 | $3.71 | $3.26 | $2.10 | $1.23 | $1.39 |
| Book value per share | $2.94 | $3.48 | $4.06 | $4.07 | $4.06 | $2.71 | $2.71 | $1.98 | $0.00 | $1.14 |
| Tangible book value per share | $1.63 | $2.09 | $2.73 | $2.85 | $3.77 | $2.33 | $2.70 | $1.96 | −$0.02 | $1.10 |
| Dividends per share | — | — | — | — | $1.05 | $0.39 | $0.30 | $0.75 | — | — |
| Capex per share | $0.24 | $0.45 | $0.39 | $0.34 | $0.32 | $0.30 | $0.22 | $0.34 | $0.32 | $0.97 |
| Debt per share | $0.49 | $0.52 | $0.44 | $0.26 | $0.32 | $0.78 | $0.32 | $0.38 | $1.22 | $0.91 |
| Shares outstanding | 120.8M | 123.2M | 127.7M | 137.8M | 140.3M | 109.8M | 103.8M | 105.2M | 105.8M | 54.0M |
| Change in shares outstanding | −2.0% | −3.5% | −7.3% | −1.8% | +27.8% | +5.8% | −1.4% | −0.6% | +96.0% | −49.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −15.6% | −8.1% | −1.9% | 11.9% | 36.6% | −7.0% | −1.9% | −15.0% | −46.2% | −233.3% |
| Return on invested capital (ROIC) | −17.4% | −12.1% | −3.0% | 59.4% | — | — | — | −54.8% | — | — |
| Return on assets (ROA) | −7.0% | −4.0% | −0.9% | 5.8% | 16.2% | −2.5% | −0.7% | −3.2% | −4.2% | −13.7% |
| Return on tangible assets | −9.2% | −5.1% | −1.2% | 6.6% | 14.4% | −2.6% | −0.6% | −2.7% | −3.6% | −13.8% |
| Free cash flow margin | 7.5% | 8.9% | 3.0% | −4.3% | 12.1% | 9.7% | 7.7% | −0.5% | 3.1% | −1.0% |
| Income quality (OCF / net income) | — | — | — | −0.42 | 1.60 | — | — | — | — | — |
| Financial health | ||||||||||
| Total debt | $59.6M | $64.1M | $56.1M | $36.1M | $44.7M | $86.2M | $33.2M | $39.8M | $129.0M | $49.0M |
| Cash & short-term investments | $227.5M | $221.2M | $220.2M | $274.9M | $640.1M | $407.1M | $338.6M | $220.9M | $130.6M | $74.9M |
| Net debt | −$167.9M | −$157.0M | −$164.1M | −$238.7M | −$595.4M | −$320.9M | −$305.5M | −$181.2M | −$1.6M | −$25.9M |
| Debt / equity | 0.17 | 0.15 | 0.11 | 0.06 | 0.08 | 0.29 | 0.12 | 0.19 | — | 0.80 |
| Debt / assets | 0.07 | 0.07 | 0.06 | 0.03 | 0.04 | 0.11 | 0.04 | 0.07 | 0.32 | 0.18 |
| Net debt / EBITDA | −13.66 | −6.12 | −5.77 | −2.21 | −3.11 | −18.00 | −8.07 | −6.03 | −0.07 | — |
| Current ratio | 1.43 | 1.51 | 1.86 | 1.62 | 2.01 | 1.68 | 1.69 | 1.68 | 1.35 | 1.21 |
| Quick ratio | 0.94 | 0.87 | 0.88 | 0.77 | 1.62 | 1.22 | 1.14 | 1.03 | 0.84 | 0.86 |
| Interest coverage | -108.5 | -108.9 | -28.0 | 162.2 | 261.8 | -18.3 | 0.6 | -2.0 | -3.7 | — |
| Working capital | $151.6M | $184.9M | $305.4M | $331.8M | $481.4M | $267.4M | $276.6M | $201.2M | $78.2M | $31.9M |
| Invested capital | $187.3M | $271.6M | $354.5M | $321.8M | −$26.4M | −$23.1M | −$24.5M | $27.2M | −$1.6M | $35.6M |
| Tangible asset value | $197.0M | $257.7M | $348.2M | $392.1M | $529.0M | $255.9M | $279.9M | $206.4M | −$2.0M | $59.6M |
| Net current asset value | $36.0M | $63.4M | $176.0M | $239.5M | $387.8M | $142.2M | $198.4M | $118.5M | −$98.5M | −$33.9M |
| Graham number | — | — | — | $6.69 | $10.16 | — | — | — | — | — |
| Graham net-net per share | −$0.87 | −$0.95 | −$0.31 | −$0.36 | $1.70 | $0.19 | $0.43 | −$0.06 | −$1.67 | −$1.51 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | — | $147.8M | $42.3M | $31.0M | $79.1M | — | — |
| Share buybacks (net) | $81.0M | $154.4M | $129.9M | $189.8M | $97.9M | $61.0M | $2.4M | $911,000 | $10.0M | $145,000 |
| Dividend payout ratio | — | — | — | — | 93.2% | — | — | — | — | — |
| Dividends + buybacks / free cash flow | 74.9% | 114.6% | 259.3% | — | 118.3% | 80.1% | 34.3% | — | 32.9% | — |
| Capex / revenue | 2.0% | 3.6% | 3.0% | 2.6% | 2.7% | 2.5% | 1.8% | 3.1% | 3.4% | 5.8% |
| Capex / operating cash flow | 21.0% | 29.1% | 50.1% | — | 18.0% | 20.4% | 19.2% | 116.9% | 52.5% | 121.3% |
| Capex / depreciation | 0.46 | 1.05 | 1.03 | 1.20 | 1.34 | 0.91 | 0.64 | 0.91 | 0.96 | 1.53 |
| Stock-based compensation / revenue | 5.7% | 5.6% | 4.6% | 4.3% | 3.6% | 4.3% | 3.7% | 3.4% | 3.7% | — |
| R&D / revenue | 19.4% | 20.1% | 18.2% | 14.6% | 13.4% | 16.2% | 13.6% | 12.5% | 12.5% | 12.0% |
| SG&A / revenue | 26.2% | 28.1% | 26.3% | 25.7% | 24.8% | 29.0% | 27.8% | 31.3% | 35.0% | 36.2% |
| Efficiency | ||||||||||
| Days sales outstanding | 14.0 | 13.5 | 18.6 | 21.1 | 16.6 | 21.7 | 25.5 | 19.4 | 17.0 | 18.3 |
| Days of inventory on hand | 90.4 | 127.3 | 155.7 | 122.1 | 73.7 | 96.9 | 102.8 | 86.5 | 57.0 | 39.3 |
| Days payables outstanding | 85.0 | 84.3 | 101.8 | 105.1 | 93.7 | 121.5 | 111.2 | 87.2 | 65.4 | 57.1 |
| Cash conversion cycle (days) | 19.3 | 56.5 | 72.5 | 38.0 | -3.4 | -2.9 | 17.0 | 18.6 | 8.6 | 0.5 |
| Receivables turnover | 26.16 | 27.08 | 19.61 | 17.28 | 21.94 | 16.82 | 14.33 | 18.86 | 21.42 | 19.89 |
| Payables turnover | 4.29 | 4.33 | 3.58 | 3.47 | 3.90 | 3.00 | 3.28 | 4.18 | 5.58 | 6.39 |
| Inventory turnover | 4.04 | 2.87 | 2.34 | 2.99 | 4.96 | 3.77 | 3.55 | 4.22 | 6.41 | 9.30 |
| Asset turnover | 1.66 | 1.58 | 1.51 | 1.51 | 1.76 | 1.68 | 1.87 | 2.30 | 2.92 | 3.23 |
| Average receivables | $55.2M | $56.0M | $84.4M | $101.4M | $78.3M | $78.8M | $88.0M | $60.3M | $46.3M | $45.3M |
| Average payables | $189.3M | $191.3M | $261.9M | $275.4M | $232.7M | $251.1M | $223.6M | $154.8M | $96.2M | $77.9M |
| Average inventory | $201.3M | $289.0M | $400.4M | $319.7M | $183.0M | $200.3M | $206.5M | $153.5M | $83.7M | $53.6M |
| Intangibles / total assets | 19.2% | 18.6% | 17.0% | 14.2% | 3.5% | 5.1% | 0.1% | 0.3% | 0.5% | 0.7% |
Computed from SONO's annual financial statements (latest annual report filed November 14, 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.
SONO valuation and financial ratios
Based on the latest twelve months, the trailing P/E is 38.5 and the forward P/E is 37.3. Sonos earned a return on equity of −15.6% and a return on invested capital of −17.4% in fiscal 2025. It ended the year with $59.6 million of debt and $227.5 million in cash and short-term investments, a net cash position of $167.9 million. It returned $81.0 million to shareholders: $0 in dividends and $81.0 million in share buybacks, 75% of free cash flow. The share count rose 123.6% from 54.0M to 120.8M over 9 years.
See the SONO income statement, the SONO chart for price history, or the SONO stock overview for the latest quote and news.
SONO key metrics FAQ
What is Sonos's P/E ratio?
Sonos's trailing P/E ratio is 38.5 based on the last twelve months of earnings (as of October 17, 2026), and its forward P/E is 37.3. At the end of fiscal 2025 it was —.
What is Sonos's EV/EBITDA?
Sonos's enterprise value was 141.6 times EBITDA at the end of fiscal 2025 (enterprise value $1.7 billion, EBITDA $12.3 million); the current EV/EBITDA is 14.9.
What is Sonos's return on equity?
Sonos's return on equity (ROE) was −15.6% in fiscal 2025: net income of -$61.1 million on average shareholders' equity of $391.9 million.
What is Sonos's ROIC?
Sonos's return on invested capital was −17.4% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Sonos have?
Sonos had total debt of $59.6 million at the end of fiscal 2025, a debt-to-equity ratio of 0.17 and more cash than debt.
Does Sonos buy back its shares?
Yes. Sonos spent $81.0 million on net share repurchases in fiscal 2025 Shares outstanding changed −2.0% over the year, to 120.8M..
What is Sonos's free cash flow yield?
Sonos generated $108.2 million of free cash flow in fiscal 2025, a free cash flow yield of 5.7% on its market value at year-end ($1.9 billion).
What is Sonos's current ratio?
Sonos's current ratio was 1.43 at the end of fiscal 2025: current assets were 1.43 times current liabilities.