Sound Point Meridian Capital, Inc. (SPMA) Key Metrics
SPMA key metrics, 2023–2025
Fiscal year ended December 31, 2025 · U.S. dollarsSPMA returns How much profit the business earns on the capital it uses.
SPMA per-share figures Results divided by the shares outstanding at year-end.
SPMA financial health Debt, liquidity and how easily interest is covered.
SPMA valuation history
SPMA returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
SPMA debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
SPMA cash returned to shareholders
SPMA price vs earnings per share
SPMA key metrics
2023–2025| 2025 | 2023 | |
|---|---|---|
| Valuation | ||
| Market capitalization | $520.1M | — |
| Enterprise value | $514.3M | — |
| Price / book | 2.6 | — |
| Price / free cash flow | 77.3 | — |
| Price / operating cash flow | 77.3 | — |
| EV / free cash flow | 76.4 | — |
| Earnings yield | −24.3% | — |
| Free cash flow yield | 1.3% | — |
| Dividend yield | 11.1% | — |
| Shareholder yield (dividends + buybacks) | 11.1% | — |
| Share price at fiscal year-end | $25.21 | — |
| Per share | ||
| Revenue per share | $0.00 | $3.22 |
| Earnings per share | −$6.12 | $3.18 |
| Operating cash flow per share | $0.33 | −$5.31 |
| Free cash flow per share | $0.33 | −$5.31 |
| Cash per share | $0.28 | $0.25 |
| Book value per share | $9.63 | $14.69 |
| Tangible book value per share | $9.63 | $14.69 |
| Dividends per share | $2.80 | — |
| Capex per share | $0.00 | $0.00 |
| Shares outstanding | 20.6M | 20.0M |
| Change in shares outstanding | +3.0% | — |
| Returns & profitability | ||
| Return on equity (ROE) | −51.2% | 21.6% |
| Return on assets (ROA) | −37.2% | 21.0% |
| Return on tangible assets | −33.7% | 21.0% |
| Free cash flow margin | — | −165.2% |
| Income quality (OCF / net income) | — | −1.67 |
| Financial health | ||
| Cash & short-term investments | $5.8M | $5.0M |
| Net debt | −$5.8M | −$5.0M |
| Invested capital | $192.9M | $289.2M |
| Tangible asset value | $198.7M | $294.2M |
| Graham number | — | $32.41 |
| Graham net-net per share | −$8.24 | −$0.20 |
| Capital allocation | ||
| Dividends paid | $57.8M | — |
| Share buybacks (net) | — | $42,037 |
| Dividends + buybacks / free cash flow | 859.4% | — |
| Capex / revenue | — | 0.0% |
| Capex / operating cash flow | 0.0% | — |
| SG&A / revenue | — | 1.2% |
| Efficiency | ||
| Asset turnover | 0.00 | 0.21 |
| Intangibles / total assets | 0.0% | 0.0% |
Computed from SPMA's annual financial statements (latest annual report filed —) 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.
SPMA valuation and financial ratios
Sound Point Meridian Capital earned a return on equity of −51.2% in fiscal 2025. It returned $57.8 million to shareholders: $57.8 million in dividends and $0 in share buybacks, 859% of free cash flow.
See the SPMA income statement, the SPMA chart for price history, or the SPMA stock overview for the latest quote and news.
SPMA key metrics FAQ
What is Sound Point Meridian Capital's return on equity?
Sound Point Meridian Capital's return on equity (ROE) was −51.2% in fiscal 2025: net income of -$126.2 million on average shareholders' equity of $246.4 million.
What is Sound Point Meridian Capital's dividend yield?
Sound Point Meridian Capital paid $57.8 million in dividends in fiscal 2025 ($2.80 per share), a payout ratio of —.
What is Sound Point Meridian Capital's free cash flow yield?
Sound Point Meridian Capital generated $6.7 million of free cash flow in fiscal 2025, a free cash flow yield of 1.3% on its market value at year-end ($520.1 million).