Thoughtworks Holding
Financial ratios & Valuation

Forward Multiples (2025 – 2026)

20252026
Price/Earnings ratio
N/AN/A
Price/Sales ratio
N/AN/A
Earnings per Share (EPS)
$0.05$0.17

Historical Multiples (2019 – 2023)

2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
315.49113.53-288.57-30.06-22.25-20.91-154.74
Price/Sales ratio
11.6111.166.372.441.351.694.40
Price/Book Value ratio
22.7018.499.624.071.972.826.84
Price/Cash Flow ratio
306.3271.5657.6235.4431.1424.6046.53
Price/Free Cash Flow ratio
847.8881.3873.9048.8238.0933.9061.36
Price/Earnings Growth ratio
N/A0.722.08-0.110.630.051.06
Dividend Yield
2.10%N/A4.62%0.31%N/AN/A2.46%
Profitability Indicator Ratios
Gross Profit Margin
38.27%40.80%35.56%26.68%31.41%27.09%31.32%
Operating Profit Margin
9.82%15.04%1.78%-3.64%-1.80%-3.38%-0.79%
Pretax Profit Margin
6.19%12.75%-1.25%-5.75%-3.82%-5.69%-3.47%
Net Profit Margin
3.68%9.83%-2.20%-8.13%-6.09%-8.11%-5.16%
Effective Tax Rate
40.58%22.61%-75.30%-41.33%-59.19%-42.52%-58.91%
Return on Assets
2.76%5.35%-1.59%-7.20%-5.17%-7.19%-4.39%
Return On Equity
7.19%16.29%-3.33%-13.54%-8.88%-14.08%-8.43%
Return on Capital Employed
8.07%8.90%1.46%-3.68%-1.73%-3.41%-0.97%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/A3.10N/A
Quick Ratio
2.956.023.672.992.682.203.33
Cash ratio
0.624.152.031.080.621.081.56
Days of Sales Outstanding
89.9491.5585.2691.2891.6956.7988.27
Days of Inventory outstanding
N/A0.008.467.43N/AN/A7.95
Operating Cycle
89.9491.5593.7298.7291.6914.0096.22
Days of Payables Outstanding
3.883.332.522.011.302.022.27
Cash Conversion Cycle
86.0688.2291.2096.7090.3954.7693.95
Debt Ratios
Debt Ratio
0.430.290.330.270.230.460.31
Debt Equity Ratio
1.120.900.710.510.390.870.79
Long-term Debt to Capitalization
0.520.470.410.330.270.350.38
Total Debt to Capitalization
0.520.470.410.330.280.360.38
Interest Coverage Ratio
N/AN/AN/AN/AN/A-1.95N/A
Cash Flow to Debt Ratio
0.060.280.230.220.150.200.22
Company Equity Multiplier
2.603.042.091.871.711.871.98
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.030.150.110.060.040.060.08
Free Cash Flow / Operating Cash Flow Ratio
0.360.870.770.720.810.720.75
Cash Flow Coverage Ratio
0.060.280.230.220.150.200.22
Short Term Coverage Ratio
4.6826.2216.5412.502.183.8614.52
Dividend Payout Ratio
665.02%N/A-1333.45%-9.49%N/AN/A-666.72%