Workhorse Group
Financial ratios & Valuation
Forward Multiples (2025 – 2026)
| 2025 | 2026 | |
|---|---|---|
Price/Earnings ratio | -0.34 | -9.86 |
Price/Sales ratio | 3.15 | 0.70 |
Earnings per Share (EPS) | $-4.33 | $-0.15 |
Historical Multiples (2014 – 2023)
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | TTM | Median | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Valuation Ratios
| ||||||||||||
Price/Earnings ratio | -21.47 | -75.27 | -9.09 | -2.34 | -0.72 | -2.96 | 26.32 | -1.39 | -2.28 | -0.60 | -0.00 | -0.72 |
Price/Sales ratio | 799.58 | 5.06K | 27.73 | 9.14 | 34.85 | 519.21 | 1.31K | -658.54 | 47.98 | 5.69 | 5.08 | 519.21 |
Price/Book Value ratio | -175.35 | -187.57 | 46.61 | 39.85 | -1.72 | -5.60 | 4.64 | 3.21 | 2.21 | 0.89 | 0.00 | -1.72 |
Price/Cash Flow ratio | -31.77 | -86.32 | -9.34 | -2.56 | -1.22 | -5.30 | -26.13 | -4.23 | -2.56 | -0.60 | -0.00 | -1.22 |
Price/Free Cash Flow ratio | -31.61 | -85.64 | -9.09 | -2.55 | -1.22 | -5.02 | -24.16 | -4.06 | -2.16 | -0.52 | -0.00 | -1.22 |
Price/Earnings Growth ratio | -0.23 | -1.74 | -0.01 | -0.05 | 0.02 | -0.07 | -0.15 | 0.00 | 0.02 | 0.05 | -0.01 | -0.07 |
Dividend Yield | N/A | N/A | N/A | N/A | N/A | 0.59% | 81211.46% | N/A | N/A | N/A | N/A | 0.59% |
Profitability Indicator Ratios
| ||||||||||||
Gross Profit Margin | 100% | 100% | -111.67% | -126.03% | -1990.42% | -1452.17% | -838.37% | 15652.14% | -649.98% | -192.86% | -20811.13% | -1452.17% |
Operating Profit Margin | 3498.43% | 6044.41% | 304.16% | 387.76% | -4463.93% | -2129.03% | 8352.91% | 21729.08% | -2569.79% | -804.12% | -122862.85% | -2129.03% |
Pretax Profit Margin | -3723.2% | -6734.42% | -304.85% | -389.42% | -4782.96% | -9868.97% | 6578.75% | 49674.95% | -2334.71% | -947.17% | -129723.12% | -9868.97% |
Net Profit Margin | -3723.2% | -6734.42% | -304.85% | -389.42% | -4782.96% | -17505.78% | 5010.81% | 47110.51% | -2099.62% | -946.32% | -129723.12% | -17505.78% |
Effective Tax Rate | -6.03% | -10.24% | -199.77% | -199.57% | -6.67% | -77.38% | 23.83% | 5.16% | 10.06% | 0.08% | N/A | -6.67% |
Return on Assets | -133.45% | -64.38% | -190.97% | -262.04% | -309.21% | -130.08% | 11.03% | -175.92% | -57.71% | -87.46% | -23.70% | -309.21% |
Return On Equity | 816.50% | 249.18% | -512.33% | -1696.95% | 236.68% | 188.81% | 17.65% | -229.74% | -97.12% | -149.09% | -30.95% | 188.81% |
Return on Capital Employed | 368.58% | -223.64% | 330.40% | 469.32% | 479.12% | -59.83% | 18.91% | -92.28% | -108.08% | -119.12% | -34.35% | -34.35% |
Liquidity Ratios
| ||||||||||||
Current Ratio | 0.27 | 0.59 | 0.90 | 1.44 | 0.33 | 0.67 | 16.50 | N/A | N/A | N/A | 2.20 | 0.33 |
Quick Ratio | 0.15 | 0.58 | 0.33 | 0.84 | 0.20 | 0.79 | 15.62 | 7.48 | 2.06 | 0.90 | 1.60 | 0.20 |
Cash ratio | 0.13 | 0.41 | 0.10 | 0.56 | 0.07 | 0.64 | 2.66 | 7.31 | 1.56 | 0.48 | 1.56 | 0.07 |
Days of Sales Outstanding | N/A | N/A | 41.37 | 35.62 | 23.08 | 39.76 | 271.93 | -64.17 | 1.24K | 124.60 | 22.72K | 23.08 |
Days of Inventory outstanding | N/A | N/A | 66.25 | 63.07 | 57.96 | 112.29 | 432.03 | 27.73 | 85.74 | 432.17 | 462.54 | 57.96 |
Operating Cycle | N/A | N/A | 107.62 | 98.69 | 81.05 | 152.05 | 703.97 | -36.43 | 1.32K | 556.77 | 6.06K | 81.05 |
Days of Payables Outstanding | N/A | N/A | 83.91 | 84.23 | 99.30 | 104.84 | 133.81 | 21.62 | 99.16 | 118.55 | 621.48 | 99.30 |
Cash Conversion Cycle | N/A | N/A | 23.71 | 14.46 | -18.25 | 47.20 | 570.15 | -58.06 | 1.22K | 438.22 | 22.21K | -18.25 |
Debt Ratios
| ||||||||||||
Debt Ratio | 0.76 | 1.11 | 0.21 | 0.42 | 0.81 | 0.77 | 0.31 | 0.10 | 0.00 | 0.16 | 0.40 | 0.77 |
Debt Equity Ratio | -4.66 | -4.31 | 0.56 | 2.75 | -0.62 | -1.11 | 0.50 | 0.14 | 0.01 | 0.28 | 0.68 | -0.62 |
Long-term Debt to Capitalization | 1.48 | N/A | 0.35 | 0.72 | -1.16 | -1.25 | 0.33 | 0.12 | N/A | N/A | 0.07 | -1.16 |
Total Debt to Capitalization | 1.27 | 1.30 | 0.36 | 0.73 | -1.67 | 9.50 | 0.33 | 0.12 | 0.01 | 0.22 | 0.08 | -1.67 |
Interest Coverage Ratio | N/A | N/A | N/A | N/A | -13.99 | -0.27 | 22.51 | N/A | N/A | N/A | -95.52 | -0.27 |
Cash Flow to Debt Ratio | -1.18 | -0.50 | -8.77 | -5.64 | -2.25 | -0.94 | -0.35 | -5.28 | -73.00 | -5.18 | -9.26 | -0.94 |
Company Equity Multiplier | -6.11 | -3.87 | 2.68 | 6.47 | -0.76 | -1.45 | 1.60 | 1.30 | 1.68 | 1.70 | 1.68 | -0.76 |
Cash Flow Ratios
| ||||||||||||
Operating Cash Flow / Sales Ratio | -25.16 | -58.72 | -2.96 | -3.56 | -28.50 | -97.91 | -50.46 | 155.62 | -18.67 | -9.39 | -2.80K | -97.91 |
Free Cash Flow / Operating Cash Flow Ratio | 1.00 | 1.00 | 1.02 | 1.00 | 1.00 | 1.05 | 1.08 | 1.04 | 1.18 | 1.15 | 1.18 | 1.00 |
Cash Flow Coverage Ratio | -1.18 | -0.50 | -8.77 | -5.64 | -2.25 | -0.94 | -0.35 | -5.28 | -73.00 | -5.18 | -9.26 | -0.94 |
Short Term Coverage Ratio | -3.49 | -0.50 | -239.36 | -101.34 | -16.22 | -1.87 | -49.80 | -364.50 | -73.00 | -5.18 | -73.00 | -1.87 |
Dividend Payout Ratio | N/A | N/A | N/A | N/A | N/A | -1.77% | 2138055.10% | N/A | N/A | N/A | N/A | -1.77% |