WaterBridge Infrastructure LLC (WBI) Key Metrics
WBI valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $3.52B
- Enterprise value
- $3.21B
- P/E (TTM)
- 356.1
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 4.7
- Price / book
- 2.2
- EV / EBITDA
- 9.3
- Dividend yield
- 0.32% $0.20 a year
- Beta
- —
WBI key metrics, 2023–2025
Fiscal year ended December 31, 2025 · U.S. dollarsWBI returns How much profit the business earns on the capital it uses.
WBI per-share figures Results divided by the shares outstanding at year-end.
WBI financial health Debt, liquidity and how easily interest is covered.
WBI efficiency & capital use Working capital cycle and where the cash goes.
WBI valuation history
WBI returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
WBI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
WBI cash returned to shareholders
WBI price vs earnings per share
WBI key metrics
2023–2025| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Valuation | |||
| Market capitalization | $865.7M | — | — |
| Enterprise value | $826.7M | — | — |
| Price / sales | 1.6 | — | — |
| Price / book | 1.4 | — | — |
| Price / operating cash flow | 5.4 | — | — |
| EV / sales | 1.6 | — | — |
| EV / EBITDA | 3.6 | — | — |
| Earnings yield | 0.0% | — | — |
| Free cash flow yield | −13.7% | — | — |
| Shareholder yield (dividends + buybacks) | 26.4% | — | — |
| Share price at fiscal year-end | $20.01 | — | — |
| Per share | |||
| Revenue per share | $12.15 | $17.19 | $5.17 |
| Earnings per share | $0.00 | −$0.66 | $0.38 |
| Operating cash flow per share | $3.69 | $1.92 | $1.25 |
| Free cash flow per share | −$2.75 | −$2.23 | −$2.56 |
| Cash per share | $1.19 | $0.34 | $0.33 |
| Book value per share | $13.92 | $17.22 | $16.76 |
| Tangible book value per share | −$8.93 | $13.91 | $16.43 |
| Capex per share | $6.44 | $4.15 | $3.81 |
| Debt per share | $0.29 | $15.47 | $8.70 |
| Shares outstanding | 43.3M | 38.5M | 38.8M |
| Change in shares outstanding | +12.3% | −0.8% | — |
| Returns & profitability | |||
| Return on equity (ROE) | 0.0% | −3.8% | 2.3% |
| Return on invested capital (ROIC) | 6.9% | 3.5% | 4.1% |
| Return on assets (ROA) | 0.0% | −2.1% | 1.4% |
| Return on tangible assets | 0.0% | −2.1% | 1.4% |
| Free cash flow margin | −22.6% | −13.0% | −49.6% |
| Income quality (OCF / net income) | — | — | 3.30 |
| Financial health | |||
| Total debt | $12.5M | $595.8M | $337.6M |
| Cash & short-term investments | $51.5M | $13.3M | $12.9M |
| Net debt | −$39.0M | $582.5M | $324.7M |
| Debt / equity | 0.02 | 0.90 | 0.52 |
| Debt / assets | 0.00 | 0.44 | 0.31 |
| Net debt / EBITDA | −0.17 | 11.18 | 3.58 |
| Current ratio | 1.38 | 1.44 | 1.29 |
| Quick ratio | 1.38 | 1.44 | 1.29 |
| Interest coverage | 1.1 | 0.3 | 1.5 |
| Working capital | $72.2M | $36.9M | $18.6M |
| Invested capital | $563.3M | $1.25B | $975.2M |
| Tangible asset value | $858.8M | $535.5M | $637.8M |
| Net current asset value | −$1.59B | −$567.2M | −$340.1M |
| Graham number | $0.26 | — | $11.94 |
| Graham net-net per share | −$38.78 | −$15.54 | −$9.79 |
| Capital allocation | |||
| Share buybacks (net) | $228.2M | — | — |
| Capex / revenue | 53.0% | 24.2% | 73.7% |
| Capex / operating cash flow | 174.4% | 216.5% | 305.3% |
| Capex / depreciation | 1.98 | 2.04 | 2.98 |
| Stock-based compensation / revenue | 1.0% | 1.4% | −0.2% |
| SG&A / revenue | 9.0% | 10.3% | 7.3% |
| Efficiency | |||
| Days sales outstanding | 92.1 | 39.2 | 74.8 |
| Days payables outstanding | 24.7 | 8.8 | — |
| Cash conversion cycle (days) | 67.4 | 30.3 | — |
| Receivables turnover | 3.96 | 9.31 | 4.88 |
| Payables turnover | 14.76 | 41.26 | — |
| Asset turnover | 0.21 | 0.55 | 0.19 |
| Average receivables | $132.7M | $71.1M | $41.2M |
| Average payables | $26.0M | $13.2M | — |
| Intangibles / total assets | 26.7% | 9.4% | 1.2% |
Computed from WBI's annual financial statements (latest annual report filed March 16, 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.
WBI valuation and financial ratios
Based on the latest twelve months, the trailing P/E is 356.1. WaterBridge Infrastructure earned a return on equity of 0.0% and a return on invested capital of 6.9% in fiscal 2025. It ended the year with $12.5 million of debt and $51.5 million in cash and short-term investments, a net cash position of $39.0 million. It returned $228.2 million to shareholders: $0 in dividends and $228.2 million in share buybacks.
See the WBI income statement, the WBI chart for price history, or the WBI stock overview for the latest quote and news.
WBI key metrics FAQ
What is WaterBridge Infrastructure's P/E ratio?
WaterBridge Infrastructure's trailing P/E ratio is 356.1 based on the last twelve months of earnings (as of October 18, 2026). At the end of fiscal 2025 it was —.
What is WaterBridge Infrastructure's EV/EBITDA?
WaterBridge Infrastructure's enterprise value was 3.6 times EBITDA at the end of fiscal 2025 (enterprise value $826.7 million, EBITDA $230.7 million); the current EV/EBITDA is 9.3.
What is WaterBridge Infrastructure's return on equity?
WaterBridge Infrastructure's return on equity (ROE) was 0.0% in fiscal 2025: net income of $0.0 million on average shareholders' equity of $632.7 million.
What is WaterBridge Infrastructure's ROIC?
WaterBridge Infrastructure's return on invested capital was 6.9% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does WaterBridge Infrastructure have?
WaterBridge Infrastructure had total debt of $12.5 million at the end of fiscal 2025, a debt-to-equity ratio of 0.02 and more cash than debt.
Does WaterBridge Infrastructure buy back its shares?
Yes. WaterBridge Infrastructure spent $228.2 million on net share repurchases in fiscal 2025 Shares outstanding changed +12.3% over the year, to 43.3M..
What is WaterBridge Infrastructure's free cash flow yield?
WaterBridge Infrastructure generated -$118.9 million of free cash flow in fiscal 2025, a free cash flow yield of −13.7% on its market value at year-end ($865.7 million).
What is WaterBridge Infrastructure's current ratio?
WaterBridge Infrastructure's current ratio was 1.38 at the end of fiscal 2025: current assets were 1.38 times current liabilities.