VirTra, Inc. (VTSI) Key Metrics
VTSI valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $31.1M
- Enterprise value
- $29.7M
- P/E (TTM)
- — 10-yr median 26.0
- Forward P/E
- 17.2
- PEG ratio
- 0.39
- Price / sales
- 1.8 10-yr median 2.3
- Price / book
- 0.8 10-yr median 2.4
- EV / EBITDA
- 14.5 10-yr median 17.0
- Dividend yield
- —
- Beta
- 0.86
VTSI key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsVTSI valuation Price multiples at each fiscal year-end price.
P/E ratio+231.5%
183.2
2025 · hover or tap a bar for each year
20162025
Price / sales−26.1%
2.1
2025 · hover or tap a bar for each year
20162025
Price / book−37.0%
1.0
2025 · hover or tap a bar for each year
20162025
EV / EBITDA−1.5%
17.6
2025 · hover or tap a bar for each year
20162025
Price / free cash flow
15.4
2025 · hover or tap a bar for each year
20162025
Free cash flow yield+7.3 pts
6.5%
2025 · hover or tap a bar for each year
20162025
VTSI returns How much profit the business earns on the capital it uses.
Return on equity−2.5 pts
0.6%
2025 · hover or tap a bar for each year
20162025
Return on invested capital−2.3 pts
1.2%
2025 · hover or tap a bar for each year
20162025
Return on assets−1.6 pts
0.4%
2025 · hover or tap a bar for each year
20162025
Free cash flow margin+15.9 pts
13.7%
2025 · hover or tap a bar for each year
20162025
Cash conversion (OCF / net income)+1,825.5%
17.75
2025 · hover or tap a bar for each year
20162025
Asset turnover−12.3%
0.34
2025 · hover or tap a bar for each year
20162025
VTSI per-share figures Results divided by the shares outstanding at year-end.
Revenue per share−15.8%
$1.99
2025 · hover or tap a bar for each year
20162025
Earnings per share−81.2%
$0.02
2025 · hover or tap a bar for each year
20162025
Free cash flow per share
$0.27
2025 · hover or tap a bar for each year
20162025
Book value per share−1.2%
$4.04
2025 · hover or tap a bar for each year
20162025
Shares outstanding+1.0%
11.3M
2025 · hover or tap a bar for each year
20162025
VTSI financial health Debt, liquidity and how easily interest is covered.
Debt / equity−5.0%
0.17
2025 · hover or tap a bar for each year
20162025
Net debt−$982,412
−$10.8M
2025 · hover or tap a bar for each year
20162025
Net debt / EBITDA−2.51
−5.18
2025 · hover or tap a bar for each year
20162025
Current ratio−13.8%
3.97
2025 · hover or tap a bar for each year
20162025
Debt / assets−6.3%
0.12
2025 · hover or tap a bar for each year
20162025
VTSI efficiency & capital use Working capital cycle and where the cash goes.
Days sales outstanding−57 days
138 days
2025 · hover or tap a bar for each year
20162025
Days of inventory−9 days
701 days
2025 · hover or tap a bar for each year
20162025
Days payables outstanding−41 days
44 days
2025 · hover or tap a bar for each year
20162025
Cash conversion cycle−25 days
795 days
2025 · hover or tap a bar for each year
20162025
Capex / revenue−0.2 pts
6.8%
2025 · hover or tap a bar for each year
20162025
VTSI valuation history
Fiscal year-endToday10-year median
VTSI returns on capital
ROEROICROA
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
VTSI debt vs cash
Total debtCash & short-term investments
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
VTSI cash returned to shareholders
DividendsBuybacksFree cash flow
VTSI price vs earnings per share
Share price at year-endEPS (right axis)
VTSI key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $47.3M | $75.3M | $103.8M | $50.9M | $75.6M | $27.6M | $37.7M | $25.3M | $41.7M | $41.9M |
| Enterprise value | $36.6M | $65.6M | $93.8M | $47.0M | $64.2M | $23.2M | $35.9M | $19.4M | $36.8M | $38.2M |
| P/E ratio | 183.2 | 55.3 | 11.3 | 26.0 | 29.8 | 18.7 | — | 31.0 | 12.8 | 20.4 |
| Price / sales | 2.1 | 2.9 | 2.7 | 1.8 | 3.1 | 1.4 | 2.0 | 1.4 | 2.5 | 2.7 |
| Price / book | 1.0 | 1.6 | 2.4 | 1.5 | 2.4 | 2.4 | 3.7 | 2.4 | 4.0 | 6.5 |
| Price / free cash flow | 15.4 | — | 18.7 | — | — | 12.3 | — | 16.5 | 16.6 | 29.0 |
| Price / operating cash flow | 10.3 | 59.9 | 15.5 | — | — | 12.3 | — | 13.9 | 15.7 | 23.9 |
| EV / sales | 1.6 | 2.5 | 2.4 | 1.7 | 2.6 | 1.2 | 1.9 | 1.1 | 2.2 | 2.4 |
| EV / EBITDA | 17.6 | 17.9 | 7.6 | 12.3 | 27.3 | 12.2 | 42.0 | 15.0 | 23.3 | 16.5 |
| EV / free cash flow | 11.9 | — | 16.9 | — | — | 10.4 | — | 12.6 | 14.6 | 26.4 |
| Earnings yield | 0.5% | 1.8% | 8.8% | 3.8% | 3.4% | 5.4% | −0.2% | 3.2% | 7.8% | 4.9% |
| Free cash flow yield | 6.5% | −0.8% | 5.3% | −11.9% | −5.1% | 8.1% | −6.1% | 6.1% | 6.0% | 3.5% |
| Dividend yield | — | — | — | — | — | 4.8% | 0.0% | — | 0.0% | — |
| Shareholder yield (dividends + buybacks) | — | — | — | — | — | 4.9% | 0.9% | 1.5% | 0.3% | 1.3% |
| Share price at fiscal year-end | $4.20 | $6.75 | $9.47 | $4.68 | $7.00 | $3.52 | $4.87 | $3.07 | $5.28 | $5.28 |
| Per share | ||||||||||
| Revenue per share | $1.99 | $2.36 | $3.54 | $2.60 | $2.26 | $2.44 | $2.42 | $2.19 | $2.09 | $1.97 |
| Earnings per share | $0.02 | $0.12 | $0.83 | $0.18 | $0.24 | $0.19 | −$0.01 | $0.10 | $0.41 | $0.26 |
| Operating cash flow per share | $0.41 | $0.11 | $0.61 | −$0.25 | −$0.01 | $0.29 | −$0.18 | $0.22 | $0.34 | $0.22 |
| Free cash flow per share | $0.27 | −$0.05 | $0.51 | −$0.55 | −$0.36 | $0.29 | −$0.30 | $0.19 | $0.32 | $0.18 |
| Cash per share | $1.65 | $1.62 | $1.72 | $1.24 | $1.82 | $0.87 | $0.43 | $0.73 | $0.64 | $0.47 |
| Book value per share | $4.04 | $4.09 | $3.96 | $3.10 | $2.89 | $1.49 | $1.31 | $1.28 | $1.31 | $0.81 |
| Tangible book value per share | $3.82 | $4.04 | $3.90 | $3.04 | $2.84 | $1.45 | $1.29 | $0.99 | $1.31 | $0.81 |
| Dividends per share | — | — | — | — | — | $0.17 | $0.00 | — | $0.00 | — |
| Capex per share | $0.13 | $0.17 | $0.10 | $0.31 | $0.32 | $0.00 | $0.11 | $0.04 | $0.02 | $0.04 |
| Debt per share | $0.69 | $0.74 | $0.80 | $0.88 | $0.77 | $0.32 | $0.19 | $0.00 | $0.01 | $0.00 |
| Shares outstanding | 11.3M | 11.2M | 11.0M | 10.9M | 10.8M | 7.8M | 7.7M | 8.3M | 7.9M | 7.9M |
| Change in shares outstanding | +1.0% | +1.8% | +0.8% | +0.6% | +37.9% | +1.1% | −6.1% | +4.4% | −0.3% | +0.2% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 0.6% | 3.1% | 23.8% | 6.0% | 11.8% | 13.5% | −0.7% | 7.8% | 38.8% | 38.0% |
| Return on invested capital (ROIC) | 1.2% | 3.5% | 27.5% | 8.1% | 9.8% | 15.7% | 2.0% | 14.5% | 32.1% | 102.4% |
| Return on assets (ROA) | 0.4% | 2.0% | 14.7% | 3.8% | 7.0% | 7.4% | −0.5% | 5.4% | 26.3% | 23.9% |
| Return on tangible assets | 0.4% | 2.1% | 13.1% | 3.7% | 5.2% | 6.6% | −0.4% | 6.4% | 22.0% | 20.7% |
| Free cash flow margin | 13.7% | −2.2% | 14.3% | −21.3% | −15.8% | 11.8% | −12.4% | 8.5% | 15.2% | 9.2% |
| Income quality (OCF / net income) | 17.75 | 0.92 | 0.73 | −1.38 | −0.05 | 1.52 | — | 2.23 | 0.81 | 0.86 |
| Financial health | ||||||||||
| Total debt | $7.8M | $8.3M | $8.8M | $9.6M | $8.3M | $2.5M | $1.5M | $11,250 | $97,944 | $33,750 |
| Cash & short-term investments | $18.6M | $18.0M | $18.8M | $13.5M | $19.7M | $6.8M | $3.3M | $6.0M | $5.1M | $3.7M |
| Net debt | −$10.8M | −$9.8M | −$10.1M | −$3.9M | −$11.4M | −$4.3M | −$1.9M | −$6.0M | −$5.0M | −$3.7M |
| Debt / equity | 0.17 | 0.18 | 0.20 | 0.28 | 0.27 | 0.21 | 0.14 | 0.00 | 0.01 | 0.01 |
| Debt / assets | 0.12 | 0.13 | 0.12 | 0.18 | 0.17 | 0.11 | 0.08 | 0.00 | 0.01 | 0.00 |
| Net debt / EBITDA | −5.18 | −2.67 | −0.81 | −1.03 | −4.86 | −2.28 | −2.17 | −4.63 | −3.16 | −1.58 |
| Current ratio | 3.97 | 4.61 | 3.16 | 3.49 | 4.43 | 2.41 | 2.65 | 2.87 | 2.30 | 2.57 |
| Quick ratio | 2.70 | 3.10 | 2.37 | 2.51 | 3.77 | 1.93 | 2.20 | 2.43 | 1.91 | 2.18 |
| Interest coverage | — | — | — | 39.2 | — | 36.8 | 2.4 | — | — | — |
| Working capital | $30.4M | $34.8M | $34.0M | $24.3M | $25.9M | $10.3M | $7.2M | $6.8M | $5.7M | $5.3M |
| Invested capital | $34.8M | $35.9M | $33.3M | $29.8M | $19.8M | $7.3M | $8.3M | $4.6M | $5.4M | $2.7M |
| Tangible asset value | $43.1M | $45.1M | $42.8M | $33.1M | $30.7M | $11.4M | $10.0M | $8.2M | $10.4M | $6.4M |
| Net current asset value | $20.0M | $24.7M | $22.7M | $14.0M | $15.2M | $6.4M | $4.3M | $5.8M | $5.6M | $5.1M |
| Graham number | $1.44 | $3.35 | $8.62 | $3.54 | $3.91 | $2.51 | — | $1.69 | $3.49 | $2.17 |
| Graham net-net per share | $0.82 | $1.21 | $1.02 | $0.55 | $0.63 | $0.33 | $0.19 | $0.48 | $0.44 | $0.43 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | — | — | $1.3M | $11,426 | — | $0 | — |
| Share buybacks (net) | — | — | — | — | — | $31,183 | $318,204 | $381,937 | $112,109 | $554,338 |
| Dividend payout ratio | — | — | — | — | — | 89.8% | — | — | 0.0% | — |
| Dividends + buybacks / free cash flow | — | — | — | — | — | 60.5% | — | 24.9% | 4.5% | 38.4% |
| Capex / revenue | 6.8% | 7.0% | 2.9% | 11.8% | 14.1% | 0.0% | 4.7% | 1.6% | 0.8% | 2.0% |
| Capex / operating cash flow | 33.0% | 146.8% | 16.9% | — | — | 0.0% | — | 16.0% | 5.0% | 17.6% |
| Capex / depreciation | 0.78 | 1.30 | 0.79 | 2.57 | 3.83 | 0.00 | 1.49 | 1.00 | 0.49 | 1.61 |
| Stock-based compensation / revenue | 0.6% | 2.9% | 0.2% | 1.6% | 0.9% | 0.4% | 0.2% | 0.0% | 1.0% | 1.2% |
| R&D / revenue | 10.6% | 11.4% | 7.2% | 9.2% | 7.6% | 8.4% | 7.2% | 7.5% | 7.8% | 7.0% |
| SG&A / revenue | 55.3% | 54.7% | 36.7% | 39.1% | 33.1% | 47.5% | 43.3% | 48.1% | 46.2% | 41.2% |
| Efficiency | ||||||||||
| Days sales outstanding | 138.1 | 195.0 | 132.1 | 92.8 | 79.8 | 121.3 | 80.9 | 51.5 | 66.8 | 66.4 |
| Days of inventory on hand | 700.7 | 709.9 | 352.8 | 221.3 | 119.5 | 138.8 | 72.2 | 86.5 | 88.2 | 67.9 |
| Days payables outstanding | 44.1 | 85.2 | 56.7 | 30.9 | 15.9 | 24.5 | 21.3 | 25.1 | 29.1 | 29.7 |
| Cash conversion cycle (days) | 794.6 | 819.7 | 428.2 | 283.1 | 183.4 | 235.5 | 131.8 | 112.9 | 125.9 | 104.7 |
| Receivables turnover | 2.64 | 1.87 | 2.76 | 3.93 | 4.57 | 3.01 | 4.51 | 7.09 | 5.46 | 5.49 |
| Payables turnover | 8.27 | 4.28 | 6.44 | 11.81 | 22.96 | 14.87 | 17.12 | 14.56 | 12.54 | 12.28 |
| Inventory turnover | 0.52 | 0.51 | 1.03 | 1.65 | 3.05 | 2.63 | 5.05 | 4.22 | 4.14 | 5.37 |
| Asset turnover | 0.34 | 0.39 | 0.62 | 0.55 | 0.68 | 0.95 | 1.15 | 1.20 | 1.33 | 1.82 |
| Average receivables | $8.5M | $14.1M | $14.0M | $7.2M | $5.3M | $6.3M | $4.1M | $2.6M | $3.0M | $2.8M |
| Average payables | $870,729 | $1.6M | $1.8M | $1.0M | $567,484 | $483,350 | $525,538 | $482,872 | $501,737 | $486,052 |
| Average inventory | $13.8M | $13.5M | $11.0M | $7.3M | $4.3M | $2.7M | $1.8M | $1.7M | $1.5M | $1.1M |
| Intangibles / total assets | 3.8% | 0.9% | 0.8% | 1.1% | 1.1% | 1.2% | 1.2% | 15.8% | 0.0% | 0.0% |
Computed from VTSI's annual financial statements (latest annual report filed March 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.
VTSI valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), VirTra traded at 183.2 times earnings, against a 10-year median of 26.0. VirTra earned a return on equity of 0.6% and a return on invested capital of 1.2% in fiscal 2025. It ended the year with $7.8 million of debt and $18.6 million in cash and short-term investments, a net cash position of $10.8 million. The share count rose 42.2% from 7.9M to 11.3M over 9 years.
See the VTSI income statement, the VTSI chart for price history, or the VTSI stock overview for the latest quote and news.
VTSI key metrics FAQ
What is VirTra's P/E ratio?
VirTra traded at 183.2 times earnings at the end of fiscal 2025.
What is VirTra's EV/EBITDA?
VirTra's enterprise value was 17.6 times EBITDA at the end of fiscal 2025 (enterprise value $36.6 million, EBITDA $2.1 million); the current EV/EBITDA is 14.5.
What is VirTra's return on equity?
VirTra's return on equity (ROE) was 0.6% in fiscal 2025: net income of $0.3 million on average shareholders' equity of $45.6 million.
What is VirTra's ROIC?
VirTra's return on invested capital was 1.2% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does VirTra have?
VirTra had total debt of $7.8 million at the end of fiscal 2025, a debt-to-equity ratio of 0.17 and more cash than debt.
What is VirTra's free cash flow yield?
VirTra generated $3.1 million of free cash flow in fiscal 2025, a free cash flow yield of 6.5% on its market value at year-end ($47.3 million).
What is VirTra's current ratio?
VirTra's current ratio was 3.97 at the end of fiscal 2025: current assets were 3.97 times current liabilities.