Explain this page
Arphra AIPlain-English read on Exponent, 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.
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 2025 | FY 2026 | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|
| Headline | ||||||||
| Market cap | — | — | — | $4.55B | $3.57B | — | — | — |
| Enterprise value | — | — | — | $4.37B | $3.43B | — | — | — |
| Multiples | ||||||||
| P / E | — | — | — | — | — | — | — | — |
| P / B | — | — | — | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — |
| EV / Sales | — | — | — | 7.82 | 5.90 | — | — | — |
| EV / FCF | — | — | — | 31.75 | 28.05 | — | — | — |
| Yields | ||||||||
| Earnings yield | — | — | — | +2.40% | +2.97% | — | — | — |
| Free cash flow yield | — | — | — | +3.03% | +3.43% | — | — | — |
| Dividend yield | — | — | — | — | — | — | — | — |
Profitability
Margin structure across the last 5 fiscal years
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2025 | FY 2026 | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin | +26.64% | +32.05% | +25.29% | +25.48% | +24.97% | +25.23% | +24.77% | +25.12% |
| Operating margin | +23.36% | +27.44% | +20.74% | +21.41% | +20.58% | +21.43% | +21.38% | +20.61% |
| EBITDA margin | +24.75% | +28.82% | +22.40% | +23.14% | +27.04% | +24.21% | +23.86% | +24.91% |
| EBIT margin | +23.36% | +27.44% | +20.74% | +21.41% | +25.31% | +23.13% | +22.85% | +21.90% |
| Pre-tax margin | +26.99% | +25.76% | +25.32% | +26.39% | +25.31% | +25.55% | +24.92% | +26.21% |
| Net margin | +21.70% | +19.94% | +18.69% | +19.52% | +18.21% | +19.27% | +18.48% | +18.82% |
| Cost structure | ||||||||
| Cost of revenue / sales | +73.36% | +67.95% | +74.71% | +74.52% | +75.03% | +73.70% | +75.55% | +76.84% |
| R&D intensity | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| SG&A intensity | +62.91% | +56.09% | +4.55% | +4.07% | +4.38% | +4.37% | +4.24% | +4.22% |
| Effective tax rate | +19.58% | +22.61% | +26.16% | +26.04% | +28.03% | +26.78% | +27.37% | +26.29% |
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 2025 | FY 2026 | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|
| Returns | ||||||||
| Return on equity (ROE) | +24.27% | +31.90% | +28.18% | +25.89% | +27.16% | +28.13% | +26.94% | +27.59% |
| Return on assets (ROA) | +14.80% | +17.44% | +15.51% | +14.02% | +13.11% | +14.33% | +14.21% | +13.92% |
| Return on capital (ROC) | +25.21% | +41.50% | +28.96% | +23.79% | +25.32% | +26.75% | +26.63% | +25.81% |
| Return on invested capital (ROIC) | +23.42% | +30.15% | +26.11% | +21.69% | +22.40% | +24.05% | +23.02% | +23.57% |
| Asset turnover | +68.19% | +87.49% | +82.99% | +71.86% | +71.98% | +74.38% | +76.92% | +73.93% |
| DuPont · ROE decomposition | ||||||||
| Net margin | +21.70% | +19.94% | +18.69% | +19.52% | +18.21% | +19.27% | +18.48% | +18.82% |
| Asset turnover (× revenue / assets) | +68.19% | +87.49% | +82.99% | +71.86% | +71.98% | +74.38% | +76.92% | +73.93% |
| Equity multiplier (× assets / equity) | +163.94% | +182.90% | +181.64% | +184.59% | +207.16% | +196.29% | +189.51% | +198.23% |
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 2025 | FY 2026 | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||
| Asset turnover | 0.68 | 0.87 | 0.83 | 0.72 | 0.72 | 0.74 | 0.77 | 0.74 |
| Fixed-asset turnover | 6.27 | 6.14 | 5.37 | 3.77 | 4.00 | — | — | — |
| Inventory turnover | — | — | — | — | — | — | — | — |
| Receivables turnover | 3.33 | 3.02 | 3.21 | 3.46 | 3.21 | — | — | — |
| Payables turnover | 107.13 | 40.36 | 89.33 | 78.95 | 63.53 | — | — | — |
| Days outstanding | ||||||||
| Days sales outstanding (DSO) | 109.48 | 120.97 | 113.80 | 105.48 | 113.83 | — | — | — |
| Days inventory outstanding (DIO) | — | — | — | — | — | — | — | — |
| Days payables outstanding (DPO) | 3.41 | 9.04 | 4.09 | 4.62 | 5.75 | — | — | — |
| Cash conversion cycle | 106.08 | 111.92 | 109.72 | 100.86 | 108.08 | — | — | — |
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 2025 | FY 2026 | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|
| Operating CF / Net income | 1.23 | — | — | 1.33 | 1.24 | 1.28 | 1.33 | 1.29 |
| FCF / Net income | 1.16 | — | — | 1.26 | 1.15 | 1.18 | 1.24 | 1.22 |
| FCF margin | +25.25% | — | — | +24.64% | +21.02% | +22.79% | +22.91% | +22.87% |
| OCF margin | +26.72% | — | — | +25.88% | +22.63% | +24.61% | +24.63% | +24.33% |
| CapEx / Revenue | +1.46% | — | — | +1.24% | +1.61% | +1.41% | +1.45% | +1.43% |
| CapEx / D&A | 1.05 | — | — | 0.72 | 0.93 | — | — | — |
| Stock-based comp / Revenue | +4.13% | — | — | +4.16% | +4.09% | — | — | — |
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 2025 | FY 2026 | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|
| EPS · diluted | 1.90 | 1.96 | 1.94 | 2.11 | 2.07 | 2.27 | 2.54 | 2.70 |
| EPS · basic | 1.92 | 1.98 | 1.96 | 2.13 | 2.08 | 2.31 | 2.54 | 2.72 |
| Book value / share | 7.82 | 6.14 | 6.90 | 8.17 | 7.62 | 7.72 | 8.43 | 8.97 |
| Tangible BV / share | 7.66 | 5.97 | 6.73 | 8.00 | 7.45 | 7.72 | 8.43 | 8.97 |
| Sales / share | 8.74 | 9.82 | 10.40 | 10.83 | 11.36 | 11.27 | 12.29 | 13.14 |
| Operating CF / share | 2.34 | — | — | 2.80 | 2.57 | 2.77 | 3.03 | 3.20 |
| Free cash flow / share | 2.21 | — | — | 2.67 | 2.39 | 2.57 | 2.82 | 3.01 |
| Dividends / share | 0.81 | — | — | 1.13 | 1.20 | 1.20 | 1.27 | 1.38 |
| Payout ratio | +42.68% | — | — | +53.41% | +58.05% | +55.43% | +55.99% | +55.96% |
| Retention ratio | +57.32% | — | — | +46.59% | +41.95% | +44.57% | +44.01% | +44.04% |
Growth
Year-over-year change for headline P&L lines, plus through-cycle CAGR
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2025 | FY 2026 | 2027E | 2028E | 2029E | 7y CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Top-line | |||||||||
| Revenue · YoY | — | +10.09% | +4.57% | +4.05% | +4.21% | +0.18% | +7.81% | +6.18% | +5.26% |
| Gross profit · YoY | — | +32.44% | -17.47% | +4.80% | +2.13% | +1.24% | +5.83% | +7.70% | +4.38% |
| Profit | |||||||||
| Operating income · YoY | — | +29.30% | -20.96% | +7.40% | +0.19% | +4.32% | +7.54% | +2.36% | +3.39% |
| EBITDA · YoY | — | +28.17% | -18.71% | +7.49% | +21.77% | -10.29% | +6.25% | +10.82% | +5.35% |
| Net income · YoY | — | +1.11% | -1.95% | +8.63% | -2.75% | +5.98% | +3.39% | +8.15% | +3.14% |
| Operating | |||||||||
| EBIT · YoY | — | +29.30% | -20.96% | +7.40% | +23.20% | -8.43% | +6.50% | +1.76% | +4.29% |
| R&D · YoY | — | — | — | — | — | — | — | — | — |
| Per-share | |||||||||
| EPS · diluted · YoY | — | +3.16% | -1.02% | +8.76% | -1.90% | +9.42% | +12.15% | +6.38% | +5.16% |
| EPS · basic · YoY | — | +3.13% | -1.01% | +8.67% | -2.35% | +10.93% | +10.14% | +6.94% | +5.09% |
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 2025 | FY 2026 | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|
| Leverage | ||||||||
| Total debt | $14.97M | $18.6M | $28.26M | $81.48M | $82.83M | $67.76M | $73.42M | $77.6M |
| Net debt | -$282.72M | -$142.86M | -$158.89M | -$177.42M | -$139.1M | -$163.07M | -$178.71M | -$194.55M |
| Net debt / EBITDA | -2.45 | -0.97 | -1.32 | -1.37 | -0.88 | -1.15 | -1.19 | -1.17 |
| Debt / equity | 0.04 | 0.06 | 0.08 | 0.19 | 0.21 | 0.17 | 0.17 | 0.17 |
| Debt / assets | +2.19% | +3.17% | +4.37% | +10.48% | +10.24% | +8.65% | +8.98% | +8.60% |
| Equity / assets | +61.00% | +54.67% | +55.06% | +54.17% | +48.27% | +50.95% | +52.77% | +50.45% |
| Coverage | ||||||||
| EBITDA / interest expense | — | — | — | — | — | — | — | — |
| Operating income / interest | — | — | — | — | — | — | — | — |
| Interest expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Liquidity | ||||||||
| Current ratio | 2.96 | 2.20 | 2.34 | 2.74 | 2.40 | — | — | — |
| Quick ratio | 2.86 | 2.08 | 2.19 | 2.58 | 2.27 | — | — | — |
| Cash ratio | 1.95 | 1.02 | 1.16 | 1.59 | 1.25 | — | — | — |
| Working capital | $299.78M | $190.13M | $217.62M | $283.7M | $249.58M | — | — | — |
| Working capital / revenue | +64.29% | +37.04% | +40.54% | +50.80% | +42.88% | — | — | — |
Sourced from key_metrics + financial_ratios (loaded by load_fundamentals_extended.py).
Valuation
| Metric | FY 2026 | FY 2025 |
|---|---|---|
| P / E | — | — |
| P / B | — | — |
| EV / EBITDA | — | — |
| EV / Sales | 5.90x | 7.82x |
| Earnings yield | 3.0% | 2.4% |
| FCF yield | 3.4% | 3.0% |
Returns
| Metric | FY 2026 | FY 2025 |
|---|---|---|
| Gross margin | — | — |
| Operating margin | — | — |
| Net margin | — | — |
| ROE | 27.2% | 25.9% |
| ROA | 13.1% | 14.0% |
| ROIC | 13.5% | 14.3% |
Leverage & liquidity
| Metric | FY 2026 | FY 2025 |
|---|---|---|
| Debt / equity | — | — |
| Net debt / EBITDA | -0.88 | -1.37 |
| Interest coverage | — | — |
| Current ratio | 2.40x | 2.74x |
| 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).