South Plains Financial, Inc. (SPFI) Key Metrics
SPFI valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $820.1M
- Enterprise value
- $84.0M
- P/E (TTM)
- 11.9 10-yr median 8.8
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 3.7 10-yr median 2.1
- Price / book
- 1.3 10-yr median 1.2
- EV / EBITDA
- —
- Dividend yield
- 1.65% $0.72 a year
- Beta
- 0.49
SPFI key metrics, 2017–2025
Fiscal year ended December 31, 2025 · U.S. dollarsSPFI valuation Price multiples at each fiscal year-end price.
SPFI returns How much profit the business earns on the capital it uses.
SPFI per-share figures Results divided by the shares outstanding at year-end.
SPFI financial health Debt, liquidity and how easily interest is covered.
SPFI efficiency & capital use Working capital cycle and where the cash goes.
SPFI valuation history
SPFI returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
SPFI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
SPFI cash returned to shareholders
SPFI price vs earnings per share
SPFI key metrics
2017–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Valuation | |||||||||
| Market capitalization | $659.3M | $571.8M | $475.4M | $496.1M | $514.3M | $342.5M | $376.4M | — | — |
| Enterprise value | −$399.7M | $54.9M | $71.6M | −$316.3M | −$499.1M | −$537.3M | −$284.3M | — | — |
| P/E ratio | 11.3 | 11.5 | 7.6 | 8.5 | 8.8 | 7.6 | 12.9 | — | — |
| Price / sales | 2.2 | 2.0 | 2.2 | 2.1 | 2.3 | 1.5 | 2.0 | — | — |
| Price / book | 1.3 | 1.3 | 1.2 | 1.4 | 0.1 | 0.9 | 1.2 | — | — |
| Price / free cash flow | 9.2 | 10.2 | 8.8 | 4.2 | 5.5 | 147.8 | 14.2 | — | — |
| Price / operating cash flow | 8.5 | 9.6 | 8.1 | 4.0 | 5.3 | 60.9 | 12.3 | — | — |
| EV / sales | -1.3 | 0.2 | 0.3 | -1.4 | -2.2 | -2.3 | -1.5 | — | — |
| EV / EBITDA | — | 0.8 | 0.9 | — | — | — | — | — | — |
| EV / free cash flow | — | 1.0 | 1.3 | — | — | — | — | — | — |
| Earnings yield | 8.9% | 8.7% | 13.2% | 11.7% | 11.4% | 13.2% | 7.8% | — | — |
| Free cash flow yield | 10.9% | 9.8% | 11.3% | 24.0% | 18.2% | 0.7% | 7.0% | — | — |
| Dividend yield | 1.5% | 1.6% | 1.8% | 1.6% | 1.0% | 0.7% | 0.3% | — | — |
| Shareholder yield (dividends + buybacks) | 2.8% | 1.8% | 5.6% | 6.2% | 2.8% | 0.8% | 0.3% | — | — |
| Share price at fiscal year-end | $38.80 | $34.75 | $28.96 | $27.53 | $27.81 | $18.95 | $20.87 | — | — |
| Per share | |||||||||
| Revenue per share | $17.47 | $17.20 | $12.92 | $12.87 | $12.30 | $13.03 | $10.33 | $9.59 | $8.56 |
| Earnings per share | $3.44 | $3.02 | $3.82 | $3.23 | $3.17 | $2.51 | $1.62 | $1.68 | $1.35 |
| Operating cash flow per share | $4.56 | $3.61 | $3.57 | $6.86 | $5.21 | $0.31 | $1.69 | $1.54 | $2.02 |
| Free cash flow per share | $4.23 | $3.40 | $3.28 | $6.61 | $5.05 | $0.13 | $1.47 | $1.36 | $1.51 |
| Cash per share | $65.88 | $38.12 | $31.31 | $51.98 | $65.50 | $61.04 | $48.00 | $33.44 | $27.97 |
| Book value per share | $29.06 | $26.67 | $24.80 | $19.81 | $204.39 | $20.47 | $16.98 | $8.85 | $9.05 |
| Tangible book value per share | $26.44 | $23.80 | $21.86 | $16.96 | $201.95 | $18.47 | $15.34 | $8.85 | $9.05 |
| Dividends per share | $0.59 | $0.56 | $0.53 | $0.44 | $0.29 | $0.14 | $0.06 | $1.72 | $0.45 |
| Capex per share | $0.33 | $0.20 | $0.29 | $0.25 | $0.16 | $0.18 | $0.22 | $0.18 | $0.52 |
| Debt per share | $3.56 | $6.71 | $6.71 | $6.89 | $10.70 | $12.37 | $11.37 | $11.05 | $10.18 |
| Shares outstanding | 17.0M | 16.5M | 16.4M | 18.0M | 18.5M | 18.1M | 18.0M | 17.5M | 17.5M |
| Change in shares outstanding | +3.3% | +0.2% | −8.9% | −2.6% | +2.3% | +0.2% | +3.2% | 0.0% | — |
| Returns & profitability | |||||||||
| Return on equity (ROE) | 12.5% | 11.8% | 16.4% | 2.8% | 2.8% | 13.4% | 12.7% | 18.7% | 14.9% |
| Return on invested capital (ROIC) | — | — | — | — | 5.2% | — | — | — | — |
| Return on assets (ROA) | 1.3% | 1.2% | 1.5% | 1.5% | 1.6% | 1.3% | 1.0% | 1.1% | 0.9% |
| Return on tangible assets | 1.3% | 1.2% | 1.5% | 1.5% | 1.5% | 1.3% | 0.9% | 1.1% | 0.9% |
| Free cash flow margin | 24.2% | 19.8% | 25.4% | 51.4% | 41.0% | 1.0% | 14.2% | 14.2% | 17.6% |
| Income quality (OCF / net income) | 1.33 | 1.19 | 0.93 | 2.12 | 1.64 | 0.12 | 1.04 | 0.92 | 1.49 |
| Financial health | |||||||||
| Total debt | $60.5M | $110.4M | $110.2M | $124.2M | $197.9M | $223.5M | $205.0M | $193.1M | $177.8M |
| Cash & short-term investments | $1.12B | $627.3M | $514.0M | $936.6M | $1.21B | $1.10B | $865.7M | $584.2M | $488.7M |
| Net debt | −$1.06B | −$517.0M | −$403.9M | −$812.4M | −$1.01B | −$879.9M | −$660.7M | −$391.1M | −$310.9M |
| Debt / equity | 0.12 | 0.25 | 0.27 | 0.35 | 0.05 | 0.60 | 0.67 | 1.25 | 1.12 |
| Debt / assets | 0.01 | 0.03 | 0.03 | 0.03 | 0.05 | 0.06 | 0.06 | 0.07 | 0.07 |
| Net debt / EBITDA | −13.26 | −7.41 | −5.09 | −10.14 | −12.74 | −13.93 | −15.76 | −12.79 | −10.71 |
| Current ratio | 0.29 | 0.18 | 0.15 | 75.53 | 1.14 | 0.37 | 0.32 | 0.26 | 0.23 |
| Quick ratio | 0.29 | 0.18 | 0.24 | 75.52 | 1.61 | 0.47 | 0.38 | 0.37 | 0.37 |
| Interest coverage | 0.9 | 0.7 | 1.1 | 3.2 | 5.5 | 3.5 | 1.3 | 1.1 | 1.5 |
| Working capital | −$2.73B | −$2.97B | −$3.09B | $1.11B | $153.9M | −$1.91B | −$1.88B | −$1.73B | −$1.69B |
| Invested capital | −$565.2M | −$78.0M | $3.3M | −$455.4M | $2.77B | −$509.8M | −$354.5M | −$236.5M | −$152.7M |
| Tangible asset value | $449.3M | $391.6M | $358.8M | $305.7M | $3.73B | $333.9M | $276.7M | $154.6M | $158.2M |
| Net current asset value | −$2.85B | −$3.14B | −$3.26B | −$2.46B | $1.10B | −$2.11B | −$2.05B | −$1.96B | −$1.91B |
| Graham number | $47.43 | $42.58 | $46.18 | $37.96 | $120.73 | $34.00 | $24.88 | $18.27 | $16.60 |
| Graham net-net per share | −$167.79 | −$191.40 | −$209.75 | −$146.40 | $45.92 | −$125.70 | −$118.70 | −$119.83 | −$118.48 |
| Capital allocation | |||||||||
| Dividends paid | $10.1M | $9.2M | $8.7M | $8.0M | $5.4M | $2.5M | $1.1M | $30.0M | $7.9M |
| Share buybacks (net) | $8.5M | $1.3M | $17.8M | $22.7M | $9.2M | $293,000 | $0 | $0 | $0 |
| Dividend payout ratio | 17.3% | 18.4% | 13.9% | 13.8% | 9.2% | 5.6% | 3.7% | 102.6% | 33.3% |
| Dividends + buybacks / free cash flow | 25.9% | 18.7% | 49.2% | 25.8% | 15.7% | 121.8% | 4.1% | 126.3% | 29.9% |
| Capex / revenue | 1.9% | 1.2% | 2.2% | 1.9% | 1.3% | 1.4% | 2.1% | 1.9% | 6.0% |
| Capex / operating cash flow | 7.3% | 5.6% | 8.0% | 3.6% | 3.0% | 58.8% | 13.1% | 11.6% | 25.5% |
| Capex / depreciation | 0.97 | 0.52 | 0.73 | 0.64 | 0.45 | 0.50 | 0.76 | 0.60 | 1.71 |
| Stock-based compensation / revenue | 0.9% | 0.8% | 1.0% | 1.2% | 0.7% | 0.5% | 0.5% | — | 0.5% |
| SG&A / revenue | 32.7% | 27.6% | 39.6% | 38.8% | 42.5% | 39.2% | 42.1% | 44.7% | 46.9% |
| Efficiency | |||||||||
| Days sales outstanding | 26.2 | 27.4 | 32.1 | 23.9 | 23.4 | 22.6 | 26.3 | 29.7 | 34.9 |
| Days of inventory on hand | — | — | -832.7 | -4,550.9 | -13,120.3 | -2,143.3 | -2,523.6 | -3,526.7 | -5,652.9 |
| Days payables outstanding | — | — | — | 30,907.5 | 54,207.5 | 11,992.4 | 29,128.3 | 27,524.6 | 39,424.3 |
| Cash conversion cycle (days) | — | — | — | -35,434.6 | -67,304.4 | -14,113.1 | -31,625.6 | -31,021.6 | -45,042.3 |
| Receivables turnover | 13.93 | 13.30 | 11.37 | 15.29 | 15.62 | 16.16 | 13.86 | 12.29 | 10.45 |
| Payables turnover | — | — | — | 0.01 | 0.01 | 0.03 | 0.01 | 0.01 | 0.01 |
| Asset turnover | 0.07 | 0.07 | 0.05 | 0.06 | 0.06 | 0.07 | 0.06 | 0.06 | 0.06 |
| Average receivables | $21.3M | $21.3M | $18.7M | $15.2M | $14.6M | $14.6M | $13.4M | $13.6M | $14.3M |
| Average payables | — | — | — | $1.70B | $1.69B | $1.36B | $2.49B | $2.22B | $2.15B |
| Average inventory | — | — | −$175.4M | −$250.3M | −$408.1M | −$243.8M | −$215.5M | −$283.9M | −$308.9M |
| Intangibles / total assets | 1.0% | 1.1% | 1.1% | 1.3% | 1.2% | 1.0% | 0.9% | 0.0% | 0.0% |
Computed from SPFI's annual financial statements (latest annual report filed March 5, 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.
SPFI valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), South Plains Financial traded at 11.3 times earnings, against a 9-year median of 8.8. Based on the latest twelve months, the trailing P/E is 11.9. South Plains Financial earned a return on equity of 12.5% in fiscal 2025. It ended the year with $60.5 million of debt and $1.1 billion in cash and short-term investments, a net cash position of $1.1 billion. It returned $18.6 million to shareholders: $10.1 million in dividends and $8.5 million in share buybacks, 26% of free cash flow.
See the SPFI income statement, the SPFI chart for price history, or the SPFI stock overview for the latest quote and news.
SPFI key metrics FAQ
What is South Plains Financial's P/E ratio?
South Plains Financial's trailing P/E ratio is 11.9 based on the last twelve months of earnings (as of October 18, 2026). At the end of fiscal 2025 it was 11.3, compared with a 9-year median of 8.8.
What is South Plains Financial's return on equity?
South Plains Financial's return on equity (ROE) was 12.5% in fiscal 2025: net income of $58.5 million on average shareholders' equity of $466.4 million.
How much debt does South Plains Financial have?
South Plains Financial had total debt of $60.5 million at the end of fiscal 2025, a debt-to-equity ratio of 0.12 and more cash than debt.
What is South Plains Financial's dividend yield?
South Plains Financial's forward dividend yield is 1.65%. South Plains Financial paid $10.1 million in dividends in fiscal 2025 ($0.59 per share), a payout ratio of 17.3%.
Does South Plains Financial buy back its shares?
Yes. South Plains Financial spent $8.5 million on net share repurchases in fiscal 2025 Shares outstanding changed +3.3% over the year, to 17.0M..
What is South Plains Financial's free cash flow yield?
South Plains Financial generated $71.8 million of free cash flow in fiscal 2025, a free cash flow yield of 10.9% on its market value at year-end ($659.3 million).
What is South Plains Financial's current ratio?
South Plains Financial's current ratio was 0.29 at the end of fiscal 2025: current assets were 0.29 times current liabilities.