Thryv Holdings Inc. (THRY) Key Metrics
THRY valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $53.8M
- Enterprise value
- $316.8M
- P/E (TTM)
- — 10-yr median 48.6
- Forward P/E
- 11.1
- PEG ratio
- —
- Price / sales
- 0.1 10-yr median 0.7
- Price / book
- 0.4 10-yr median 3.5
- EV / EBITDA
- 4.9 10-yr median 7.8
- Dividend yield
- —
- Beta
- 0.88
THRY key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsTHRY valuation Price multiples at each fiscal year-end price.
THRY returns How much profit the business earns on the capital it uses.
THRY per-share figures Results divided by the shares outstanding at year-end.
THRY financial health Debt, liquidity and how easily interest is covered.
THRY efficiency & capital use Working capital cycle and where the cash goes.
THRY valuation history
THRY returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
THRY debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
THRY cash returned to shareholders
THRY price vs earnings per share
THRY key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $269.1M | $549.7M | $706.6M | $693.6M | $1.50B | $456.2M | $2.92B | $4.94B | $756.8M | — |
| Enterprise value | $515.0M | $828.4M | $1.04B | $1.17B | $2.09B | $1.04B | $3.73B | $5.51B | $1.63B | — |
| P/E ratio | 876.5 | — | — | 12.8 | 14.8 | 3.1 | 82.4 | 96.7 | — | — |
| Price / sales | 0.3 | 0.7 | 0.8 | 0.6 | 1.3 | 0.4 | 2.1 | 2.8 | 0.6 | — |
| Price / book | 1.2 | 2.8 | 4.6 | 1.8 | 4.8 | 2.3 | 107.3 | 18.7 | 3.5 | — |
| Price / free cash flow | 8.6 | 9.8 | 6.2 | 5.8 | 10.4 | 2.2 | 12.0 | 15.4 | 3.4 | — |
| Price / operating cash flow | 4.2 | 6.1 | 4.8 | 4.7 | 8.8 | 2.0 | 10.8 | 14.2 | 3.1 | — |
| EV / sales | 0.7 | 1.0 | 1.1 | 1.0 | 1.9 | 0.9 | 2.6 | 3.1 | 1.2 | — |
| EV / EBITDA | 5.6 | 24.7 | 7.8 | 4.7 | 6.8 | 4.1 | 9.2 | 13.4 | 12.5 | — |
| EV / free cash flow | 16.5 | 14.7 | 9.0 | 9.8 | 14.5 | 5.1 | 15.3 | 17.2 | 7.4 | — |
| Earnings yield | 0.1% | −13.5% | −36.7% | 7.8% | 6.8% | 32.7% | 1.2% | 1.0% | −22.6% | — |
| Free cash flow yield | 11.6% | 10.2% | 16.3% | 17.2% | 9.6% | 44.9% | 8.4% | 6.5% | 29.2% | — |
| Dividend yield | — | — | — | — | — | 0.1% | — | — | — | — |
| Shareholder yield (dividends + buybacks) | 1.9% | 0.1% | 0.0% | 0.0% | 0.0% | 6.8% | 15.0% | — | 0.0% | — |
| Share price at fiscal year-end | $6.05 | $14.80 | $20.35 | $19.00 | $41.13 | $13.50 | $85.40 | $82.80 | $13.41 | — |
| Per share | ||||||||||
| Revenue per share | $17.65 | $22.19 | $26.41 | $32.94 | $30.51 | $32.83 | $41.50 | $30.07 | $23.36 | $16.98 |
| Earnings per share | $0.01 | −$2.00 | −$7.47 | $1.49 | $2.78 | $4.42 | $1.04 | $0.86 | −$3.04 | −$11.21 |
| Operating cash flow per share | $1.43 | $2.42 | $4.27 | $4.07 | $4.67 | $6.89 | $7.90 | $5.82 | $4.27 | $3.61 |
| Free cash flow per share | $0.70 | $1.51 | $3.31 | $3.27 | $3.94 | $6.07 | $7.14 | $5.36 | $3.91 | $3.24 |
| Cash per share | $0.24 | $0.44 | $0.52 | $0.44 | $0.31 | $0.07 | $0.06 | $0.57 | $0.04 | $0.75 |
| Book value per share | $4.90 | $5.30 | $4.40 | $10.47 | $8.62 | $5.82 | $0.80 | $4.44 | $3.78 | $6.60 |
| Tangible book value per share | −$1.38 | −$2.44 | −$4.85 | −$5.98 | −$12.05 | −$13.15 | −$21.31 | −$11.02 | −$16.45 | −$8.94 |
| Dividends per share | — | — | — | — | — | $0.01 | — | — | — | — |
| Capex per share | $0.73 | $0.90 | $0.96 | $0.80 | $0.74 | $0.82 | $0.76 | $0.46 | $0.35 | $0.37 |
| Debt per share | $5.77 | $7.94 | $10.05 | $13.51 | $16.40 | $17.30 | $23.60 | $10.12 | $15.46 | $8.67 |
| Shares outstanding | 44.5M | 37.1M | 34.7M | 36.5M | 36.5M | 33.8M | 34.2M | 59.6M | 56.4M | 55.5M |
| Change in shares outstanding | +19.7% | +7.0% | −4.9% | +0.0% | +8.0% | −1.3% | −42.6% | +5.7% | +1.6% | +70.3% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 0.1% | −42.5% | −96.9% | 15.6% | 39.7% | 133.2% | 24.3% | 21.4% | −59.1% | −169.8% |
| Return on invested capital (ROIC) | 9.0% | −5.5% | −23.5% | 6.2% | 17.1% | 18.9% | 16.4% | 14.2% | −10.9% | −11.5% |
| Return on assets (ROA) | 0.0% | −9.9% | −26.4% | 4.4% | 8.1% | 11.5% | 2.5% | 3.2% | −11.4% | −49.7% |
| Return on tangible assets | 0.1% | −17.5% | −56.1% | 9.4% | 18.6% | 26.0% | 5.6% | 9.3% | −28.3% | −159.6% |
| Free cash flow margin | 4.0% | 6.8% | 12.5% | 9.9% | 12.9% | 18.5% | 17.2% | 17.8% | 16.8% | 19.1% |
| Income quality (OCF / net income) | 206.93 | — | — | 2.73 | 1.68 | 1.56 | 7.62 | 6.80 | — | — |
| Financial health | ||||||||||
| Total debt | $256.7M | $295.0M | $348.9M | $493.2M | $598.6M | $584.6M | $808.3M | $603.2M | $872.5M | $481.3M |
| Cash & short-term investments | $10.8M | $16.3M | $18.2M | $16.0M | $11.3M | $2.4M | $1.9M | $34.2M | $2.0M | $41.4M |
| Net debt | $245.9M | $278.7M | $330.7M | $477.1M | $587.3M | $582.1M | $806.4M | $569.0M | $870.4M | $439.9M |
| Debt / equity | 1.18 | 1.50 | 2.28 | 1.29 | 1.90 | 2.97 | 29.65 | 2.28 | 4.09 | 1.31 |
| Debt / assets | 0.37 | 0.41 | 0.45 | 0.42 | 0.46 | 0.48 | 0.58 | 0.41 | 0.50 | 0.38 |
| Net debt / EBITDA | 2.69 | 8.30 | 2.48 | 1.93 | 1.92 | 2.27 | 1.99 | 1.39 | 6.68 | 2.82 |
| Current ratio | 1.00 | 1.07 | 1.01 | 1.26 | 1.21 | 1.78 | 1.82 | 1.41 | 1.20 | 2.48 |
| Quick ratio | 1.00 | 0.90 | 0.88 | 1.18 | 1.13 | 1.66 | 1.71 | 1.41 | 1.20 | 2.48 |
| Interest coverage | 2.4 | -0.7 | -3.2 | 1.6 | 2.9 | 2.2 | 2.2 | 2.0 | -1.9 | — |
| Working capital | −$736,000 | $14.5M | $3.7M | $77.8M | $63.5M | $162.3M | $210.6M | $112.2M | $69.9M | $205.0M |
| Invested capital | $464.1M | $475.6M | $483.4M | $859.4M | $902.0M | $778.9M | $833.6M | $833.6M | $1.08B | $806.6M |
| Tangible asset value | −$61.6M | −$90.7M | −$168.5M | −$218.5M | −$439.7M | −$444.5M | −$729.7M | −$657.1M | −$928.3M | −$496.3M |
| Net current asset value | −$291.6M | −$304.5M | −$363.6M | −$417.3M | −$615.1M | −$648.5M | −$893.0M | −$822.1M | −$1.12B | −$542.7M |
| Graham number | $0.87 | — | — | $18.73 | $23.24 | $24.05 | $4.31 | $9.25 | — | — |
| Graham net-net per share | −$7.89 | −$9.54 | −$12.57 | −$14.87 | −$20.25 | −$22.64 | −$30.10 | −$13.43 | −$23.67 | −$12.21 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | — | — | $445,000 | — | — | — | — |
| Share buybacks (net) | $5.0M | $499,000 | $0 | $0 | $0 | $30.6M | $438.0M | — | $0 | — |
| Dividend payout ratio | — | — | — | — | — | 0.3% | — | — | — | — |
| Dividends + buybacks / free cash flow | 16.1% | 0.9% | 0.0% | 0.0% | 0.0% | 15.2% | 179.1% | — | 0.0% | — |
| Capex / revenue | 4.1% | 4.1% | 3.6% | 2.4% | 2.4% | 2.5% | 1.8% | 1.5% | 1.5% | 2.2% |
| Capex / operating cash flow | 51.0% | 37.4% | 22.5% | 19.7% | 15.7% | 11.9% | 9.6% | 7.9% | 8.3% | 10.2% |
| Capex / depreciation | 0.82 | 0.64 | 0.53 | 0.33 | 0.25 | 0.19 | 0.13 | 0.10 | 0.07 | 0.08 |
| Stock-based compensation / revenue | 3.2% | 2.9% | 2.4% | 1.2% | 0.7% | −0.3% | 1.0% | 2.2% | 1.8% | 0.3% |
| R&D / revenue | 5.0% | 1.9% | 1.4% | — | — | — | — | — | — | 0.8% |
| SG&A / revenue | 26.9% | 59.1% | 22.5% | 48.1% | 46.0% | 44.4% | 41.4% | 40.3% | 45.1% | 39.9% |
| Efficiency | ||||||||||
| Days sales outstanding | 73.2 | 84.5 | 101.6 | 90.7 | 100.9 | 121.0 | 117.2 | 77.0 | 67.1 | 86.3 |
| Days of inventory on hand | — | 43.9 | 32.1 | 20.5 | 21.7 | 22.5 | 17.6 | — | 0.0 | — |
| Days payables outstanding | 15.0 | 14.9 | 15.8 | 11.9 | 7.8 | 10.4 | 12.8 | 22.2 | 21.6 | 11.2 |
| Cash conversion cycle (days) | 58.2 | 113.5 | 117.9 | 99.4 | 114.8 | 133.1 | 122.1 | 54.8 | 45.5 | 75.1 |
| Receivables turnover | 4.99 | 4.32 | 3.59 | 4.02 | 3.62 | 3.02 | 3.11 | 4.74 | 5.44 | 4.23 |
| Payables turnover | 24.31 | 24.57 | 23.10 | 30.60 | 46.54 | 35.19 | 28.60 | 16.46 | 16.88 | 32.73 |
| Inventory turnover | — | 8.32 | 11.37 | 17.76 | 16.80 | 16.22 | 20.73 | — | 276,646,500.00 | — |
| Asset turnover | 1.12 | 1.10 | 0.94 | 0.97 | 0.89 | 0.85 | 0.99 | 1.11 | 0.88 | 0.75 |
| Average receivables | $157.5M | $190.7M | $255.2M | $298.9M | $307.9M | $367.8M | $456.5M | $378.2M | $242.4M | $222.8M |
| Average payables | $11.4M | $11.7M | $14.7M | $13.8M | $8.8M | $12.5M | $20.3M | $38.9M | $32.8M | $12.3M |
| Average inventory | — | $34.5M | $29.8M | $23.8M | $24.3M | $27.1M | $28.0M | — | $2 | — |
| Intangibles / total assets | 40.6% | 40.4% | 41.0% | 51.0% | 58.0% | 52.8% | 54.5% | 62.7% | 65.3% | 68.9% |
Computed from THRY's annual financial statements (latest annual report filed February 26, 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.
THRY valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Thryv traded at 876.5 times earnings, against a 10-year median of 48.6. Thryv earned a return on equity of 0.1% and a return on invested capital of 9.0% in fiscal 2025. It ended the year with $256.7 million of debt and $10.8 million in cash and short-term investments, net debt of $245.9 million. It returned $5.0 million to shareholders: $0 in dividends and $5.0 million in share buybacks, 16% of free cash flow. The share count fell 19.9% from 55.5M to 44.5M over 9 years.
See the THRY income statement, the THRY chart for price history, or the THRY stock overview for the latest quote and news.
THRY key metrics FAQ
What is Thryv's P/E ratio?
Thryv traded at 876.5 times earnings at the end of fiscal 2025.
What is Thryv's EV/EBITDA?
Thryv's enterprise value was 5.6 times EBITDA at the end of fiscal 2025 (enterprise value $515.0 million, EBITDA $91.3 million); the current EV/EBITDA is 4.9.
What is Thryv's return on equity?
Thryv's return on equity (ROE) was 0.1% in fiscal 2025: net income of $0.3 million on average shareholders' equity of $207.5 million.
What is Thryv's ROIC?
Thryv's return on invested capital was 9.0% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Thryv have?
Thryv had total debt of $256.7 million at the end of fiscal 2025, a debt-to-equity ratio of 1.18 and $245.9 million of net debt (2.69 times EBITDA).
Does Thryv buy back its shares?
Yes. Thryv spent $5.0 million on net share repurchases in fiscal 2025 Shares outstanding changed +19.7% over the year, to 44.5M..
What is Thryv's free cash flow yield?
Thryv generated $31.1 million of free cash flow in fiscal 2025, a free cash flow yield of 11.6% on its market value at year-end ($269.1 million).
What is Thryv's current ratio?
Thryv's current ratio was 1.00 at the end of fiscal 2025: current assets were 1.00 times current liabilities.