X-Energy, Inc. (XE) Key Metrics
XE valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $4.21B
- Enterprise value
- $3.11B
- P/E (TTM)
- —
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 28.0
- Price / book
- 2.6
- EV / EBITDA
- —
- Dividend yield
- —
- Beta
- —
XE key metrics, 2021–2025
Fiscal year ended December 31, 2025 · U.S. dollarsXE returns How much profit the business earns on the capital it uses.
XE financial health Debt, liquidity and how easily interest is covered.
XE efficiency & capital use Working capital cycle and where the cash goes.
XE returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
XE debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
XE cash returned to shareholders
XE key metrics
2021–2025| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Per share | |||||
| Revenue per share | — | $0.31 | — | — | — |
| Earnings per share | — | −$0.46 | — | — | — |
| Operating cash flow per share | — | −$0.35 | — | — | — |
| Free cash flow per share | — | −$0.37 | — | — | — |
| Cash per share | — | $1.88 | — | — | — |
| Book value per share | — | −$2.76 | — | — | — |
| Tangible book value per share | — | −$2.76 | — | — | — |
| Capex per share | — | $0.02 | — | — | — |
| Debt per share | — | $0.11 | — | — | — |
| Shares outstanding | — | 273.4M | — | — | — |
| Returns & profitability | |||||
| Return on equity (ROE) | −882.3% | — | — | — | — |
| Return on invested capital (ROIC) | — | — | — | −155.5% | −951.8% |
| Return on assets (ROA) | −43.5% | −38.5% | −228.6% | −114.1% | −73.1% |
| Return on tangible assets | −32.2% | −21.7% | −306.0% | −96.5% | −73.1% |
| Free cash flow margin | −244.8% | −119.4% | −133.4% | −92.2% | −100.7% |
| Financial health | |||||
| Total debt | $23.2M | $31.4M | $190.9M | $172.2M | $40.9M |
| Cash & short-term investments | $763.8M | $514.6M | $14.4M | $72.8M | $35.8M |
| Net debt | −$740.6M | −$483.2M | $176.5M | $99.5M | $5.0M |
| Debt / equity | 0.03 | — | — | — | — |
| Debt / assets | 0.02 | 0.05 | 2.53 | 1.36 | 0.47 |
| Current ratio | 14.53 | 8.68 | 0.44 | 1.55 | 1.14 |
| Quick ratio | 14.53 | 8.68 | 0.44 | 1.55 | 1.14 |
| Interest coverage | -358.5 | -7.6 | -17.0 | -8.7 | -24.8 |
| Working capital | $795.6M | $497.2M | −$74.7M | $42.8M | $10.3M |
| Invested capital | $101.7M | −$1.24B | −$22.6M | $99.5M | $5.0M |
| Tangible asset value | $842.3M | −$753.9M | −$199.1M | −$416.5M | −$308.5M |
| Net current asset value | $485.4M | −$771.5M | −$216.0M | −$422.5M | −$310.6M |
| Graham net-net per share | — | −$2.87 | — | — | — |
| Capital allocation | |||||
| Share buybacks (net) | $25.3M | $10.8M | — | — | — |
| Capex / revenue | 107.5% | 5.0% | 2.4% | 0.8% | 0.2% |
| Capex / depreciation | 84.34 | 4.56 | 0.98 | 5.16 | 3.56 |
| Stock-based compensation / revenue | 13.0% | 1.4% | 4.8% | 4.3% | 0.3% |
| R&D / revenue | 1.6% | 2.0% | 1.8% | 2.6% | 1.6% |
| SG&A / revenue | 141.5% | 133.2% | — | 55.0% | 37.7% |
| Efficiency | |||||
| Days sales outstanding | 206.5 | 189.5 | 123.4 | 153.3 | 230.0 |
| Days payables outstanding | 6.4 | 14.5 | 9.4 | 9.2 | 17.6 |
| Cash conversion cycle (days) | 200.1 | 174.9 | 114.0 | 144.1 | 212.4 |
| Receivables turnover | 1.77 | 1.93 | 2.96 | 2.38 | 1.59 |
| Payables turnover | 56.72 | 25.14 | 38.83 | 39.65 | 20.75 |
| Asset turnover | 0.12 | 0.26 | 1.20 | 0.98 | 0.88 |
| Average receivables | $61.7M | $43.6M | $41.2M | $44.1M | $48.5M |
| Average payables | $2.8M | $5.2M | $5.1M | $3.7M | $5.2M |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from XE's annual financial statements (latest annual report filed December 31, 2025) 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.
XE valuation and financial ratios
X-Energy earned a return on equity of −882.3% in fiscal 2025. It ended the year with $23.2 million of debt and $763.8 million in cash and short-term investments, a net cash position of $740.6 million. It returned $25.3 million to shareholders: $0 in dividends and $25.3 million in share buybacks.
See the XE income statement, the XE chart for price history, or the XE stock overview for the latest quote and news.
XE key metrics FAQ
What is X-Energy's return on equity?
X-Energy's return on equity (ROE) was −882.3% in fiscal 2025: net income of -$389.8 million on average shareholders' equity of $44.2 million.
How much debt does X-Energy have?
X-Energy had total debt of $23.2 million at the end of fiscal 2025, a debt-to-equity ratio of 0.03 and more cash than debt.
Does X-Energy buy back its shares?
Yes. X-Energy spent $25.3 million on net share repurchases in fiscal 2025.
What is X-Energy's current ratio?
X-Energy's current ratio was 14.53 at the end of fiscal 2025: current assets were 14.53 times current liabilities.