Tilray Brands, Inc. (TLRY) Key Metrics
TLRY valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $449.3M
- Enterprise value
- $761.1M
- P/E (TTM)
- —
- Forward P/E
- 1,000.0
- PEG ratio
- —
- Price / sales
- 0.5 10-yr median 1.2
- Price / book
- 0.4 10-yr median 0.3
- EV / EBITDA
- 80.7
- Dividend yield
- —
- Beta
- 1.92
TLRY key metrics, FY2017–FY2026
Fiscal year ended May 31, 2026 · U.S. dollarsTLRY valuation Price multiples at each fiscal year-end price.
TLRY returns How much profit the business earns on the capital it uses.
TLRY per-share figures Results divided by the shares outstanding at year-end.
TLRY financial health Debt, liquidity and how easily interest is covered.
TLRY efficiency & capital use Working capital cycle and where the cash goes.
TLRY valuation history
TLRY returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
TLRY debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
TLRY cash returned to shareholders
TLRY price vs earnings per share
TLRY key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $616.2M | $379.0M | $1.34B | $1.03B | $2.16B | — | — | — | — | — |
| Enterprise value | $783.3M | $478.3M | $1.51B | $1.22B | $2.42B | — | — | — | — | — |
| Price / sales | 0.7 | 0.5 | 1.2 | 1.2 | 3.4 | — | — | — | — | — |
| Price / book | 0.4 | 0.2 | 0.3 | 0.2 | 0.4 | — | — | — | — | — |
| Price / operating cash flow | — | — | — | 130.5 | — | — | — | — | — | — |
| EV / sales | 0.9 | 0.6 | 1.4 | 1.4 | 3.9 | — | — | — | — | — |
| EV / EBITDA | 82.9 | — | — | — | — | — | — | — | — | — |
| Earnings yield | −19.9% | −577.0% | −25.0% | −189.6% | −22.1% | — | — | — | — | — |
| Free cash flow yield | −16.6% | −46.2% | −6.1% | −1.2% | −9.8% | — | — | — | — | — |
| Dividend yield | — | 0.4% | — | 7.9% | 346.4% | — | — | — | — | — |
| Shareholder yield (dividends + buybacks) | 0.0% | 0.4% | 0.0% | 8.0% | 346.4% | — | — | — | — | — |
| Share price at fiscal year-end | $5.51 | $4.26 | $18.00 | $16.70 | $44.90 | $166.70 | $98.50 | $380.10 | — | — |
| Per share | ||||||||||
| Revenue per share | $8.19 | $9.22 | $14.48 | $13.67 | $13.06 | — | — | — | — | — |
| Earnings per share | −$1.10 | −$24.56 | −$4.49 | −$31.66 | −$9.91 | — | — | — | — | — |
| Operating cash flow per share | −$0.62 | −$1.46 | −$0.57 | $0.13 | −$3.68 | — | — | — | — | — |
| Free cash flow per share | −$0.91 | −$1.97 | −$1.10 | −$0.21 | −$4.39 | — | — | — | — | — |
| Cash per share | $2.07 | $3.95 | $4.78 | $9.78 | $10.89 | — | — | — | — | — |
| Book value per share | $14.44 | $23.30 | $63.17 | $72.27 | $115.23 | — | — | — | — | — |
| Tangible book value per share | $7.33 | $11.37 | $9.51 | $7.26 | $12.56 | — | — | — | — | — |
| Dividends per share | — | $0.02 | — | $1.32 | $155.52 | — | — | — | — | — |
| Capex per share | $0.29 | $0.51 | $0.54 | $0.34 | $0.71 | — | — | — | — | — |
| Debt per share | $3.56 | $5.07 | $7.11 | $12.86 | $16.34 | — | — | — | — | — |
| Shares outstanding | 111.8M | 89.0M | 74.3M | 61.8M | 48.1M | — | — | — | — | — |
| Change in shares outstanding | +25.6% | +19.9% | +20.2% | +28.4% | — | — | — | — | — | — |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −6.6% | −64.6% | −7.3% | −39.1% | −9.5% | −15.5% | −31.4% | −69.7% | — | 25.9% |
| Return on invested capital (ROIC) | −2.5% | −51.3% | −4.0% | −27.9% | −3.4% | −3.8% | −16.0% | −37.8% | −15.7% | −4.7% |
| Return on assets (ROA) | −4.7% | −49.6% | −5.6% | −30.6% | −7.4% | −10.7% | −9.7% | −18.9% | −15.9% | 9.4% |
| Return on tangible assets | −8.0% | −118.7% | −17.4% | −102.7% | −24.7% | −23.2% | −15.3% | −41.7% | — | 7.3% |
| Free cash flow margin | −11.2% | −21.3% | −7.6% | −1.5% | −33.6% | −19.7% | −109.0% | −225.4% | −80.8% | −33.9% |
| Income quality (OCF / net income) | — | — | — | — | — | — | — | — | — | −1.44 |
| Financial health | ||||||||||
| Total debt | $398.4M | $451.1M | $527.7M | $794.9M | $786.4M | $938.7M | $454.8M | $432.5M | $50.3M | $38.8M |
| Cash & short-term investments | $231.3M | $351.8M | $355.0M | $604.2M | $524.3M | $488.5M | $93.8M | $521.7M | $2.3M | $10.2M |
| Net debt | $167.1M | $99.3M | $172.8M | $190.7M | $262.1M | $450.2M | $361.0M | −$89.2M | $48.0M | $28.6M |
| Debt / equity | 0.25 | 0.22 | 0.11 | 0.18 | 0.14 | 0.21 | 1.64 | 2.17 | — | 11.35 |
| Debt / assets | 0.17 | 0.16 | 0.09 | 0.13 | 0.11 | 0.16 | 0.52 | 0.65 | 0.95 | 0.86 |
| Net debt / EBITDA | 17.68 | — | — | — | — | — | — | — | — | 5.78 |
| Current ratio | 2.21 | 2.46 | 2.27 | 1.79 | 2.87 | 2.20 | 2.80 | 21.37 | 0.25 | 0.55 |
| Quick ratio | 1.37 | 1.49 | 1.42 | 1.32 | 1.99 | 1.56 | 1.85 | 20.75 | 0.10 | 0.36 |
| Interest coverage | -2.1 | -55.2 | -3.5 | -29.4 | -5.9 | -4.3 | -4.1 | -8.4 | -9.3 | -3.6 |
| Working capital | $433.8M | $560.3M | $515.8M | $458.0M | $659.5M | $482.4M | $161.5M | $532.6M | −$37.1M | −$13.3M |
| Invested capital | $1.78B | $2.17B | $4.86B | $4.66B | $5.81B | $4.91B | $637.5M | $110.1M | $43.2M | $32.0M |
| Tangible asset value | $799.7M | $982.2M | $706.9M | $467.8M | $658.3M | $26.6M | −$103.5M | −$300.4M | −$411.1M | $1.4M |
| Net current asset value | $59.0M | $84.4M | −$292.1M | −$397.0M | −$258.2M | −$676.4M | −$341.3M | $96.0M | −$45.7M | −$25.1M |
| Graham net-net per share | −$1.87 | −$2.22 | −$7.88 | −$9.90 | −$10.43 | — | — | — | — | — |
| Capital allocation | ||||||||||
| Dividends paid | — | $1.5M | — | $81.4M | $7.48B | — | — | — | — | — |
| Share buybacks (net) | $159,000 | $0 | $0 | $1.2M | $1.2M | $0 | $4.9M | — | — | — |
| Capex / revenue | 3.6% | 5.5% | 3.7% | 2.5% | 5.4% | 9.1% | 24.2% | 117.3% | 52.1% | 4.3% |
| Capex / operating cash flow | — | — | — | 263.1% | — | — | — | — | — | — |
| Capex / depreciation | 0.49 | 0.25 | 0.23 | 0.16 | 0.22 | 0.69 | 4.51 | 14.20 | 5.78 | 0.25 |
| Stock-based compensation / revenue | 5.0% | 3.0% | 3.0% | 4.7% | 5.7% | 3.4% | 6.1% | 44.7% | 67.5% | 11.7% |
| R&D / revenue | 0.0% | 0.0% | 0.1% | 0.1% | 0.2% | 0.2% | 0.5% | 1.8% | 1.4% | 2.4% |
| SG&A / revenue | 32.3% | 31.7% | 31.8% | 36.8% | 37.1% | 30.3% | 48.5% | 108.2% | 127.3% | 67.2% |
| Efficiency | ||||||||||
| Days sales outstanding | 70.9 | 67.8 | 43.2 | 51.0 | 65.5 | 52.3 | 36.7 | 83.4 | 23.5 | 23.3 |
| Days of inventory on hand | 187.5 | 224.8 | 145.3 | 163.6 | 201.9 | 159.9 | 82.3 | 42.9 | -984.7 | 559.2 |
| Days payables outstanding | 129.7 | 91.4 | 56.6 | 51.3 | 55.7 | 50.3 | 39.4 | 29.4 | -497.7 | 138.4 |
| Cash conversion cycle (days) | 128.8 | 201.2 | 132.0 | 163.3 | 211.7 | 161.9 | 79.6 | 96.9 | -463.5 | 444.1 |
| Receivables turnover | 5.14 | 5.38 | 8.44 | 7.15 | 5.57 | 6.98 | 9.94 | 4.38 | 15.52 | 15.66 |
| Payables turnover | 2.81 | 3.99 | 6.45 | 7.11 | 6.55 | 7.25 | 9.26 | 12.42 | −0.73 | 2.64 |
| Inventory turnover | 1.95 | 1.62 | 2.51 | 2.23 | 1.81 | 2.28 | 4.43 | 8.51 | −0.37 | 0.65 |
| Asset turnover | 0.35 | 0.19 | 0.18 | 0.13 | 0.10 | 0.15 | 0.39 | 0.12 | 0.42 | 0.46 |
| Average receivables | $177.9M | $152.6M | $127.4M | $118.1M | $112.7M | $73.5M | $29.7M | $9.9M | $1.3M | $968,604 |
| Average payables | $232.7M | $145.5M | $119.5M | $90.9M | $78.1M | $53.8M | $24.3M | $8.1M | $3.2M | $884,138 |
| Average inventory | $336.4M | $357.6M | $306.8M | $289.8M | $283.0M | $170.8M | $50.8M | $11.8M | $6.4M | $3.6M |
| Intangibles / total assets | 34.2% | 36.6% | 67.5% | 67.8% | 71.9% | 73.7% | 43.7% | 75.5% | 765.4% | 4.5% |
Computed from TLRY's annual financial statements (latest annual report filed July 28, 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.
TLRY valuation and financial ratios
Tilray Brands earned a return on equity of −6.6% and a return on invested capital of −2.5% in fiscal 2026. It ended the year with $398.4 million of debt and $231.3 million in cash and short-term investments, net debt of $167.1 million. It returned $0.2 million to shareholders: $0 in dividends and $0.2 million in share buybacks.
See the TLRY income statement, the TLRY chart for price history, or the TLRY stock overview for the latest quote and news.
TLRY key metrics FAQ
What is Tilray Brands's EV/EBITDA?
Tilray Brands's enterprise value was 82.9 times EBITDA at the end of fiscal 2026 (enterprise value $783.3 million, EBITDA $9.5 million); the current EV/EBITDA is 80.7.
What is Tilray Brands's return on equity?
Tilray Brands's return on equity (ROE) was −6.6% in fiscal 2026: net income of -$122.6 million on average shareholders' equity of $1.8 billion.
What is Tilray Brands's ROIC?
Tilray Brands's return on invested capital was −2.5% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Tilray Brands have?
Tilray Brands had total debt of $398.4 million at the end of fiscal 2026, a debt-to-equity ratio of 0.25 and $167.1 million of net debt (17.68 times EBITDA).
Does Tilray Brands buy back its shares?
Yes. Tilray Brands spent $0.2 million on net share repurchases in fiscal 2026 Shares outstanding changed +25.6% over the year, to 111.8M..
What is Tilray Brands's free cash flow yield?
Tilray Brands generated -$102.1 million of free cash flow in fiscal 2026, a free cash flow yield of −16.6% on its market value at year-end ($616.2 million).
What is Tilray Brands's current ratio?
Tilray Brands's current ratio was 2.21 at the end of fiscal 2026: current assets were 2.21 times current liabilities.