Vaxart
Financial ratios & Valuation

Forward Multiples (2025 – 2026)

20252026
Price/Earnings ratio
-0.71-0.71
Price/Sales ratio
1.401.03
Earnings per Share (EPS)
$-0.49$-0.49

Historical Multiples (2013 – 2023)

2013 2016 2017 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
-10.70-2.12-0.88-1.80-0.65-0.40-15.64-10.80-1.13-1.00-0.47-0.65
Price/Sales ratio
2.775.812.903.842.850.76124.60853.711.14K11.24404.932.85
Price/Book Value ratio
1.361.171.38-0.581.050.584.084.061.101.430.700.58
Price/Cash Flow ratio
-6.69-3.83-0.86-2.23-0.81-0.57-21.22-12.72-1.29-1.17-0.53-0.81
Price/Free Cash Flow ratio
-6.24-3.78-0.84-2.21-0.77-0.54-20.18-11.71-1.17-1.14-0.48-0.77
Price/Earnings Growth ratio
N/A-0.09-0.050.020.040.000.26-0.17-0.020.030.010.01
Dividend Yield
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
39.28%98.92%-98.13%-111.59%-315.36%-47.43%-390.92%-5365.13%-2953.27%-823.45%N/A-315.36%
Operating Profit Margin
-65.77%-270.96%-308.98%-156.10%-523.10%-160.05%-745.67%-8156.05%-107090.65%-1129.51%-28136.97%-160.05%
Pretax Profit Margin
-25.59%-273.11%-326.96%-164.10%-430.34%-184.09%-790.45%-7888.22%-100645.79%-1114.02%-84472.39%-184.09%
Net Profit Margin
-25.89%-273.11%-330.33%-213.39%-432.96%-189.05%-796.34%-7900.22%-100708.41%-1117.56%-84525.52%-189.05%
Effective Tax Rate
-1.16%-1.57%-1.03%-30.03%-0.60%-2.69%-0.74%-0.15%-0.06%-0.31%-0.06%-0.60%
Return on Assets
-10.32%-34.93%-73.31%-275.48%-51.11%-50.34%-21.11%-31.86%-70.04%-89.80%-105.48%-50.34%
Return On Equity
-12.75%-54.97%-157.21%32.17%-160.23%-143.95%-26.10%-37.57%-97.43%-142.66%-119.69%-160.23%
Return on Capital Employed
-32.30%-39.68%-80.40%N/A-78.39%-56.66%-21.42%-34.58%-84.30%-106.71%-39.74%-78.39%
Liquidity Ratios
Current Ratio
5.03N/AN/AN/A1.951.9110.92N/AN/AN/A5.541.95
Quick Ratio
4.897.866.760.821.951.9110.9215.685.433.315.341.95
Cash ratio
4.205.4030.341.531.4710.7813.332.452.532.561.53
Days of Sales Outstanding
119.4927.4724.6039.38157.61133.9430.1329.0568.22148.7838.02133.94
Days of Inventory outstanding
N/A0.00N/AN/A0.000.00N/A0.00223.44N/AN/A0.00
Operating Cycle
119.4927.4724.6039.38157.61133.9430.1329.05291.67148.78N/A133.94
Days of Payables Outstanding
78.7214.23K28.9741.0620.3221.3839.1928.99616.048.48N/A21.38
Cash Conversion Cycle
40.76-14.20K-4.37-1.68137.29112.55-9.060.06-324.37140.30N/A112.55
Debt Ratios
Debt Ratio
N/A0.000.008.890.10N/AN/AN/A0.000.060.280.10
Debt Equity Ratio
N/A0.010.01-1.030.32N/AN/AN/A0.000.110.390.32
Long-term Debt to Capitalization
N/A0.000.00N/A0.14N/AN/AN/AN/A0.040.140.14
Total Debt to Capitalization
N/A0.010.0126.340.24N/AN/AN/A0.000.100.16N/A
Interest Coverage Ratio
N/AN/AN/AN/A-7.52-4.54-16.55N/AN/AN/A-27.45-4.54
Cash Flow to Debt Ratio
N/A-20.14-100-0.24-4.02N/AN/AN/A-997.67-10.96-6.71N/A
Company Equity Multiplier
1.231.572.14-0.113.132.851.231.171.391.581.392.85
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
-0.41-1.51-3.37-1.71-3.49-1.32-5.86-67.07-885.78-9.54-759.32-1.32
Free Cash Flow / Operating Cash Flow Ratio
1.071.011.011.011.041.061.051.081.101.021.091.04
Cash Flow Coverage Ratio
N/A-20.14-100-0.24-4.02N/AN/AN/A-997.67-10.96-6.71N/A
Short Term Coverage Ratio
N/A-35.25-150-6.57-8.72N/AN/AN/A-997.67-18.52-65.43N/A
Dividend Payout Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A