Explain this page
Arphra AIPlain-English read on Arbor Realty Trust, Inc.’s valuationRatios & metrics
Profitability, returns on capital, growth, and credit — all derived from the historical income statement, balance sheet, and cash flow rows in our data warehouse.
Quality composite
BMixed
A snapshot of the latest fiscal year’s margins, returns on capital, balance-sheet strength and efficiency, computed from the income statement, balance sheet and cash-flow rows. Source income / balance / cash_flow.
Profitability
Gross margin93.9%
Operating margin74.6%
Net margin12.3%
ROE4.9%
ROA1.0%
ROIC5.9%
Liquidity & leverage
Current ratio0.10×
Quick ratio0.10×
Debt / equity3.60×
Net debt / EBITDA11.72×
Interest coverage1×
Efficiency & per-share
Asset turnover0.08×
Inventory days0
Days sales out.2
FCF / share$1.89
Book value / share$14.62
Valuation multiples
Price- and EV-based multiples plus shareholder yields. Snapshot at each fiscal year-end from key_metrics (FMP).
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E |
|---|---|---|---|---|---|---|---|
| Headline | |||||||
| Market cap | — | — | — | $2.61B | $1.5B | — | — |
| Enterprise value | — | — | — | $12.15B | $12.06B | — | — |
| Multiples | |||||||
| P / E | — | — | — | — | — | — | — |
| P / B | — | — | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — |
| EV / Sales | — | — | — | 19.37 | 9.96 | — | — |
| EV / FCF | — | — | — | 26.34 | 30.44 | — | — |
| Yields | |||||||
| Earnings yield | — | — | — | +10.13% | +9.94% | — | — |
| Free cash flow yield | — | — | — | +17.66% | +26.47% | — | — |
| Dividend yield | — | — | — | — | — | — | — |
Profitability
Margin structure across the last 5 fiscal years
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E |
|---|---|---|---|---|---|---|---|
| Margins | |||||||
| Gross margin | +93.00% | +91.42% | +92.05% | +90.07% | +93.86% | +91.60% | +90.93% |
| Operating margin | +67.03% | +66.68% | +69.83% | +61.11% | +74.55% | +68.69% | +68.70% |
| EBITDA margin | +106.11% | +152.51% | +195.26% | +188.04% | +74.46% | +153.83% | +149.25% |
| EBIT margin | +96.16% | +142.02% | +185.13% | +175.61% | +72.54% | +145.78% | +145.59% |
| Pre-tax margin | +64.11% | +56.77% | +59.51% | +47.39% | +14.58% | +41.35% | +40.36% |
| Net margin | +51.29% | +49.81% | +51.66% | +42.17% | +12.29% | +36.36% | +34.79% |
| Cost structure | |||||||
| Cost of revenue / sales | +7.00% | +8.58% | +7.95% | +9.93% | +6.14% | +7.95% | +7.85% |
| R&D intensity | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| SG&A intensity | +25.97% | +24.74% | +22.22% | +28.95% | +19.32% | +23.24% | +22.83% |
| Effective tax rate | +10.91% | +4.71% | +6.39% | +4.53% | +10.63% | +7.02% | +7.31% |
Returns on capital
ROE / ROA / ROC / ROIC over the relevant capital base, plus the 3-step DuPont decomposition of ROE.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| Return on equity (ROE) | +13.31% | +10.61% | +11.41% | +8.40% | +4.85% | +9.22% | +8.61% |
| Return on assets (ROA) | +2.25% | +1.91% | +2.36% | +1.96% | +1.03% | +1.97% | +1.86% |
| Return on capital (ROC) | +3.02% | +2.62% | +3.94% | +2.91% | +6.40% | +4.12% | +4.04% |
| Return on invested capital (ROIC) | +2.31% | +1.96% | +2.92% | +2.01% | +1.05% | +2.18% | +2.05% |
| Asset turnover | +4.39% | +3.84% | +4.57% | +4.65% | +8.35% | +5.41% | +5.35% |
| DuPont · ROE decomposition | |||||||
| Net margin | +51.29% | +49.81% | +51.66% | +42.17% | +12.29% | +36.36% | +34.79% |
| Asset turnover (× revenue / assets) | +4.39% | +3.84% | +4.57% | +4.65% | +8.35% | +5.41% | +5.35% |
| Equity multiplier (× assets / equity) | +591.13% | +554.68% | +483.58% | +428.02% | +472.58% | +468.94% | +462.70% |
Activity & efficiency
Turnover ratios and days-outstanding — how efficiently the business converts assets and working capital into sales and cash.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E |
|---|---|---|---|---|---|---|---|
| Turnover | |||||||
| Asset turnover | 0.04 | 0.04 | 0.05 | 0.05 | 0.08 | 0.05 | 0.05 |
| Fixed-asset turnover | — | — | — | — | — | — | — |
| Inventory turnover | — | — | — | — | — | — | — |
| Receivables turnover | 0.06 | 0.05 | 11.16 | 0.06 | 185.33 | — | — |
| Payables turnover | — | — | — | — | — | — | — |
| Days outstanding | |||||||
| Days sales outstanding (DSO) | 6525.27 | 7892.91 | 32.70 | 6331.42 | 1.97 | — | — |
| Days inventory outstanding (DIO) | — | — | — | — | — | — | — |
| Days payables outstanding (DPO) | — | — | — | — | — | — | — |
| Cash conversion cycle | 6525.27 | 7892.91 | 32.70 | 6331.42 | 1.97 | — | — |
Cash flow quality
How well reported earnings translate into operating and free cash flow, plus reinvestment intensity.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E |
|---|---|---|---|---|---|---|---|
| Operating CF / Net income | 0.64 | 3.38 | 0.63 | 1.74 | 2.66 | 1.27 | 1.36 |
| FCF / Net income | 0.64 | 3.38 | 0.63 | 1.74 | 2.66 | 1.26 | 1.36 |
| FCF margin | +32.78% | +168.12% | +32.80% | +73.55% | +32.73% | +45.66% | +47.43% |
| OCF margin | +32.78% | +168.12% | +32.80% | +73.55% | +32.73% | +46.35% | +47.38% |
| CapEx / Revenue | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| CapEx / D&A | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — |
| Stock-based comp / Revenue | +1.50% | +2.29% | +2.08% | +2.27% | +1.14% | — | — |
Per-share & shareholder yield
EPS, book value, sales, cash flow and dividends per share — plus payout / retention.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E |
|---|---|---|---|---|---|---|---|
| EPS · diluted | 2.28 | 1.67 | 1.75 | 1.18 | 0.56 | 0.37 | 0.67 |
| EPS · basic | 2.30 | 1.72 | 1.79 | 1.18 | 0.56 | 0.37 | 0.67 |
| Book value / share | 16.34 | 15.43 | 14.87 | 15.34 | 14.62 | 9.23 | 9.41 |
| Tangible BV / share | 12.98 | 12.93 | 12.67 | 13.11 | 12.59 | 9.23 | 9.41 |
| Sales / share | 4.24 | 3.28 | 3.29 | 3.05 | 5.77 | 2.34 | 2.33 |
| Operating CF / share | 1.39 | 5.52 | 1.08 | 2.25 | 1.89 | 1.09 | 1.10 |
| Free cash flow / share | 1.39 | 5.52 | 1.08 | 2.25 | 1.89 | 1.07 | 1.10 |
| Dividends / share | 1.45 | 1.62 | 1.74 | 1.92 | 1.53 | 1.14 | 1.13 |
| Payout ratio | +66.92% | +98.76% | +102.48% | +149.20% | +215.02% | +134.08% | +139.88% |
| Retention ratio | +33.08% | +1.24% | -2.48% | -49.20% | -115.02% | -34.08% | -39.88% |
Growth
Year-over-year change for headline P&L lines, plus through-cycle CAGR
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 6y CAGR |
|---|---|---|---|---|---|---|---|---|
| Top-line | ||||||||
| Revenue · YoY | — | -1.12% | +9.93% | -12.72% | +92.98% | -59.72% | +0.45% | -4.88% |
| Gross profit · YoY | — | -2.80% | +10.69% | -14.60% | +101.09% | -60.69% | -0.29% | -5.24% |
| Profit | ||||||||
| Operating income · YoY | — | -1.64% | +15.12% | -23.62% | +135.42% | -62.89% | +0.46% | -4.49% |
| EBITDA · YoY | — | +42.11% | +40.74% | -15.95% | -23.59% | -16.79% | -2.54% | +0.68% |
| Net income · YoY | — | -3.98% | +14.01% | -28.75% | -43.77% | +19.19% | -3.88% | -10.84% |
| Operating | ||||||||
| EBIT · YoY | — | +46.04% | +43.30% | -17.21% | -20.29% | -19.06% | +0.32% | +1.93% |
| R&D · YoY | — | — | — | — | — | — | — | — |
| Per-share | ||||||||
| EPS · diluted · YoY | — | -26.75% | +4.79% | -32.57% | -52.54% | -33.93% | +81.75% | -18.41% |
| EPS · basic · YoY | — | -25.22% | +4.07% | -34.08% | -52.54% | -34.29% | +81.97% | -18.59% |
Credit & leverage
Balance-sheet health + interest coverage + liquidity. Coverage ratios use period-end debt and trailing interest expense.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E |
|---|---|---|---|---|---|---|---|
| Leverage | |||||||
| Total debt | $12.15B | $13.57B | $9.47B | $10.04B | $11.05B | $6.21B | $6.34B |
| Net debt | $11.75B | $13.03B | $8.55B | $9.54B | $10.57B | $5.8B | $5.93B |
| Net debt / EBITDA | 16.74 | 13.06 | 6.09 | 8.09 | 11.72 | 7.74 | 8.12 |
| Debt / equity | 4.77 | 4.42 | 2.91 | 3.19 | 3.60 | 3.23 | 3.20 |
| Debt / assets | +80.64% | +79.62% | +60.20% | +74.45% | +76.23% | +68.87% | +69.23% |
| Equity / assets | +16.92% | +18.03% | +20.68% | +23.36% | +21.16% | +21.32% | +21.61% |
| Coverage | |||||||
| EBITDA / interest expense | 3.31 | 1.79 | 1.55 | 1.47 | 1.28 | 1.44 | 1.40 |
| Operating income / interest | 2.09 | 0.78 | 0.56 | 0.48 | 1.29 | 0.64 | 0.64 |
| Interest expense | $212.01M | $557.62M | $903.23M | $804.62M | $701.84M | $519.89M | $522.08M |
| Liquidity | |||||||
| Current ratio | 3.25 | 4.22 | 1.69 | 3.53 | 0.10 | — | — |
| Quick ratio | 2.84 | 3.89 | 1.69 | 3.31 | 0.10 | — | — |
| Cash ratio | 0.09 | 0.14 | 1.57 | 0.15 | 0.10 | — | — |
| Working capital | $9.66B | $12.16B | $408.81M | $8.71B | -$4.45B | — | — |
| Working capital / revenue | +1459.62% | +1859.08% | +56.86% | +1387.62% | -367.39% | — | — |
Sourced from key_metrics + financial_ratios (loaded by load_fundamentals_extended.py).
Valuation
| Metric | FY 2025 | FY 2024 |
|---|---|---|
| P / E | — | — |
| P / B | — | — |
| EV / EBITDA | — | — |
| EV / Sales | 9.96x | 19.37x |
| Earnings yield | 9.9% | 10.1% |
| FCF yield | 26.5% | 17.7% |
Returns
| Metric | FY 2025 | FY 2024 |
|---|---|---|
| Gross margin | — | — |
| Operating margin | — | — |
| Net margin | — | — |
| ROE | 5.0% | 8.8% |
| ROA | 1.0% | 2.0% |
| ROIC | 141.7% | 2.7% |
Leverage & liquidity
| Metric | FY 2025 | FY 2024 |
|---|---|---|
| Debt / equity | — | — |
| Net debt / EBITDA | 11.72 | 8.09 |
| Interest coverage | — | — |
| Current ratio | 0.10x | 3.53x |
| Quick ratio | — | — |
Methodology. ROE / ROA / ROC use period-end balance-sheet denominators (no average-of- period smoothing). ROIC = Operating Income × (1 − inferred effective tax rate) over invested capital, with the effective tax inferred from net-to-operating income when both are positive and a 25% default otherwise. Net debt / EBITDA, debt ratios, and interest-coverage ratios are calculated point-in-time at each fiscal year-end. TTM = trailing 4 quarters (income / cash flow summed, balance sheet = most-recent quarterly snapshot). Through-cycle CAGR in the Growth panel uses the geometric mean of first-to-last period growth across the window (positive values only).