Spirit Airlines
Financial ratios & Valuation

Forward Multiples (2025 – 2026)

20252026
Price/Earnings ratio
-0.47-1.36
Price/Sales ratio
0.020.01
Earnings per Share (EPS)
$-2.16$-0.74

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
24.389.0715.447.4725.388.22-4.83-4.85-3.82-3.99-0.178.22
Price/Sales ratio
2.841.341.751.171.180.721.140.710.410.330.020.72
Price/Book Value ratio
5.482.342.911.742.041.210.921.081.341.570.141.21
Price/Cash Flow ratio
21.106.088.597.307.805.00-9.1910.98-23.79-7.25-0.185.00
Price/Free Cash Flow ratio
-131.33-12.60-16.13-8.49-13.7812.72-2.67-16.21-5.99-3.41-0.14-13.78
Price/Earnings Growth ratio
0.900.21-1.090.12-0.400.070.020.43-0.280.20-0.02-0.40
Dividend Yield
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A18.51%N/A
Profitability Indicator Ratios
Gross Profit Margin
30.17%37.58%36.55%32.74%29.06%26.38%-20.33%7.18%14.92%11.01%5.49%26.38%
Operating Profit Margin
18.39%23.77%19.01%14.53%10.56%13.08%-28.05%-1.76%-11.81%-9.24%-14.89%13.08%
Pretax Profit Margin
18.27%23.46%18.06%13.35%6.16%11.39%-34.26%-16.10%-13.82%-10.41%-15.18%11.39%
Net Profit Margin
11.67%14.81%11.34%15.69%4.68%8.75%-23.68%-14.62%-10.93%-8.34%-13.20%8.75%
Effective Tax Rate
36.12%36.85%36.85%-18.93%24.01%23.18%30.87%9.17%20.91%19.89%13.08%23.18%
Return on Assets
14.06%12.53%8.35%10.03%3.01%4.75%-5.10%-5.53%-6.03%-4.75%-7.07%4.75%
Return On Equity
22.47%25.88%18.89%23.38%8.07%14.82%-19.05%-22.35%-35.25%-39.44%-63.51%14.82%
Return on Capital Employed
28.71%24.66%16.84%11.00%8.10%8.44%-7.19%-0.78%-7.89%-6.40%-9.48%8.44%
Liquidity Ratios
Current Ratio
1.992.201.831.971.611.241.75N/AN/AN/A0.941.24
Quick Ratio
1.992.201.831.991.611.261.861.471.240.900.941.26
Cash ratio
1.731.721.311.241.200.881.331.040.840.510.470.88
Days of Sales Outstanding
4.284.816.4616.425.239.0338.3918.8316.8113.9815.425.23
Days of Inventory outstanding
N/AN/AN/A-0.82N/A-2.71-24.71-4.61N/AN/AN/AN/A
Operating Cycle
4.284.816.4615.605.236.3113.6814.2216.8113.9815.425.23
Days of Payables Outstanding
3.624.653.764.676.085.644.765.476.383.225.275.64
Cash Conversion Cycle
0.650.162.7010.92-0.850.678.918.7510.4310.7610.15-0.85
Debt Ratios
Debt Ratio
0.090.250.310.360.420.300.410.370.380.350.360.30
Debt Equity Ratio
0.140.520.700.841.130.961.531.502.252.974.331.13
Long-term Debt to Capitalization
0.110.320.390.430.510.460.570.580.670.720.790.51
Total Debt to Capitalization
0.120.340.410.450.530.490.600.600.690.740.810.53
Interest Coverage Ratio
N/A57.9216.759.326.076.65-7.57N/AN/AN/A-5.126.65
Cash Flow to Debt Ratio
1.780.730.480.280.230.25-0.060.06-0.02-0.07-0.180.25
Company Equity Multiplier
1.592.062.262.322.673.113.734.035.848.3011.802.67
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.130.220.200.160.150.14-0.120.06-0.01-0.04-0.120.14
Free Cash Flow / Operating Cash Flow Ratio
-0.16-0.48-0.53-0.85-0.560.393.43-0.673.962.121.29-0.56
Cash Flow Coverage Ratio
1.780.730.480.280.230.25-0.060.06-0.02-0.07-0.180.25
Short Term Coverage Ratio
24.979.525.613.683.092.57-0.580.99-0.25-0.78-1.672.57
Dividend Payout Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A