Sound Point Meridian Capital, Inc. (SPMC) Key Metrics
SPMC valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $143.0M
- Enterprise value
- $185.2M
- P/E (TTM)
- —
- Forward P/E
- 6.0
- PEG ratio
- —
- Price / sales
- 2.2
- Price / book
- 0.9
- EV / EBITDA
- —
- Dividend yield
- 19.19% $1.33 a year
- Beta
- 1.20
SPMC key metrics, 2023–2025
Fiscal year ended December 31, 2025 · U.S. dollarsSPMC valuation Price multiples at each fiscal year-end price.
SPMC returns How much profit the business earns on the capital it uses.
SPMC per-share figures Results divided by the shares outstanding at year-end.
SPMC financial health Debt, liquidity and how easily interest is covered.
SPMC valuation history
SPMC returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
SPMC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
SPMC cash returned to shareholders
SPMC price vs earnings per share
SPMC key metrics
2023–2025| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Valuation | |||
| Market capitalization | $283.6M | $424.7M | — |
| Enterprise value | $337.8M | $489.7M | — |
| P/E ratio | — | 6.7 | — |
| Price / sales | — | 6.6 | — |
| Price / book | 1.4 | 1.4 | — |
| Price / free cash flow | 42.1 | — | — |
| Price / operating cash flow | 42.1 | — | — |
| EV / sales | — | 7.6 | — |
| EV / EBITDA | — | 7.7 | — |
| EV / free cash flow | 50.2 | — | — |
| Earnings yield | −44.5% | 15.0% | — |
| Free cash flow yield | 2.4% | −25.0% | — |
| Dividend yield | 20.4% | 9.4% | — |
| Shareholder yield (dividends + buybacks) | 20.4% | 9.4% | — |
| Share price at fiscal year-end | $13.75 | $20.90 | — |
| Per share | |||
| Revenue per share | $0.00 | $3.17 | $3.18 |
| Earnings per share | −$6.12 | $3.13 | $3.14 |
| Operating cash flow per share | $0.33 | −$5.24 | −$5.24 |
| Free cash flow per share | $0.33 | −$5.24 | −$5.24 |
| Cash per share | $0.28 | $0.25 | $0.00 |
| Book value per share | $9.63 | $14.48 | $0.01 |
| Tangible book value per share | $9.63 | $14.48 | $0.01 |
| Dividends per share | $2.80 | $1.96 | $0.00 |
| Capex per share | $0.00 | $0.00 | $0.00 |
| Debt per share | $2.91 | $3.45 | — |
| Shares outstanding | 20.6M | 20.3M | 20.3M |
| Change in shares outstanding | +1.5% | +0.2% | — |
| Returns & profitability | |||
| Return on equity (ROE) | −51.2% | 43.2% | — |
| Return on invested capital (ROIC) | −32.6% | 35.2% | — |
| Return on assets (ROA) | −37.2% | 41.9% | — |
| Return on tangible assets | −33.7% | 21.0% | — |
| Free cash flow margin | — | −164.9% | −164.9% |
| Income quality (OCF / net income) | — | −1.67 | −1.67 |
| Financial health | |||
| Total debt | $60.0M | $70.0M | — |
| Cash & short-term investments | $5.8M | $5.0M | $4,992 |
| Net debt | $54.2M | $65.0M | −$4,992 |
| Debt / equity | 0.30 | 0.24 | — |
| Debt / assets | 0.16 | 0.23 | — |
| Net debt / EBITDA | — | 1.02 | −0.00 |
| Current ratio | 1.46 | 0.07 | 0.56 |
| Quick ratio | 1.46 | 0.07 | 0.56 |
| Interest coverage | -9.0 | 553.9 | 553.9 |
| Working capital | $1.8M | −$71.7M | −$3,957 |
| Invested capital | $252.9M | $359.2M | $289,173 |
| Tangible asset value | $198.7M | $294.2M | $294,165 |
| Net current asset value | −$170.0M | −$4.0M | −$3,957 |
| Graham number | — | $31.93 | $1.01 |
| Graham net-net per share | −$8.24 | −$0.20 | −$0.00 |
| Capital allocation | |||
| Dividends paid | $57.8M | $39.7M | $42 |
| Share buybacks (net) | — | $42,037 | $42,037 |
| Dividend payout ratio | — | 62.5% | 0.0% |
| Dividends + buybacks / free cash flow | 859.4% | — | — |
| Capex / revenue | — | 0.0% | 0.0% |
| Capex / operating cash flow | 0.0% | — | — |
| SG&A / revenue | — | 1.2% | 1.2% |
| Efficiency | |||
| Days sales outstanding | — | 0.3 | 0.0 |
| Receivables turnover | 0.00 | 1,331.80 | 1,211,592.51 |
| Asset turnover | 0.00 | 0.43 | 212.74 |
| Average receivables | $83,041 | $48,435 | $53 |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% |
Computed from SPMC's annual financial statements (latest annual report filed March 31, 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.
SPMC valuation and financial ratios
Sound Point Meridian Capital earned a return on equity of −51.2% and a return on invested capital of −32.6% in fiscal 2025. It ended the year with $60.0 million of debt and $5.8 million in cash and short-term investments, net debt of $54.2 million. It returned $57.8 million to shareholders: $57.8 million in dividends and $0 in share buybacks, 859% of free cash flow.
See the SPMC income statement, the SPMC chart for price history, or the SPMC stock overview for the latest quote and news.
SPMC 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 ROIC?
Sound Point Meridian Capital's return on invested capital was −32.6% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Sound Point Meridian Capital have?
Sound Point Meridian Capital had total debt of $60.0 million at the end of fiscal 2025, a debt-to-equity ratio of 0.30.
What is Sound Point Meridian Capital's dividend yield?
Sound Point Meridian Capital's forward dividend yield is 19.19%. 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 2.4% on its market value at year-end ($283.6 million).
What is Sound Point Meridian Capital's current ratio?
Sound Point Meridian Capital's current ratio was 1.46 at the end of fiscal 2025: current assets were 1.46 times current liabilities.