Explain this page
Arphra AIPlain-English read on Capital One Financial Corporation’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
BSolid
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 margin47.3%
Operating margin3.3%
Net margin3.5%
ROE2.2%
ROA0.4%
ROIC1.9%
Liquidity & leverage
Current ratio0.15×
Quick ratio0.15×
Debt / equity0.45×
Net debt / EBITDA-0.85×
Interest coverage0×
Efficiency & per-share
Asset turnover0.10×
Inventory days0
Days sales out.18
FCF / share$48.29
Book value / share$209.89
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 | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Headline | |||||||||
| Market cap | — | — | — | $68.24B | $131.04B | — | — | — | — |
| Enterprise value | — | — | — | $70.56B | $124.61B | — | — | — | — |
| Multiples | |||||||||
| P / E | — | — | — | — | — | — | — | — | — |
| P / B | — | — | — | — | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — |
| EV / Sales | — | — | — | 1.31 | 1.80 | — | — | — | — |
| EV / FCF | — | — | — | 4.16 | 4.77 | — | — | — | — |
| Yields | |||||||||
| Earnings yield | — | — | — | +6.96% | +1.87% | — | — | — | — |
| Free cash flow yield | — | — | — | +24.85% | +19.95% | — | — | — | — |
| 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 | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Margins | |||||||||
| Gross margin | +101.08% | +74.02% | +53.27% | +50.79% | +47.33% | +50.90% | +49.80% | +50.52% | +50.40% |
| Operating margin | +49.35% | +24.08% | +12.22% | +10.96% | +3.29% | +8.92% | +8.93% | +8.89% | +8.93% |
| EBITDA margin | +60.22% | +32.44% | +18.74% | +16.96% | +10.89% | +15.38% | +15.66% | +15.55% | +15.11% |
| EBIT margin | +49.35% | +24.08% | +12.22% | +10.96% | +3.29% | +8.59% | +8.78% | +8.61% | +8.58% |
| Pre-tax margin | +49.35% | +24.08% | +12.22% | +10.96% | +3.29% | +8.78% | +8.76% | +8.69% | +8.88% |
| Net margin | +38.68% | +19.18% | +9.88% | +8.81% | +3.54% | +7.48% | +7.60% | +7.41% | +7.39% |
| Cost structure | |||||||||
| Cost of revenue / sales | -1.08% | +25.98% | +46.73% | +49.21% | +52.67% | +48.26% | +50.81% | +50.95% | +49.80% |
| R&D intensity | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| SG&A intensity | +32.13% | +32.42% | +26.90% | +25.88% | +26.50% | +26.45% | +26.59% | +26.03% | +26.50% |
| Effective tax rate | +21.60% | +20.35% | +19.16% | +19.68% | +8.46% | +16.04% | +16.12% | +16.02% | +15.25% |
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 | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Returns | |||||||||
| Return on equity (ROE) | +20.30% | +14.00% | +8.41% | +7.81% | +2.16% | +5.62% | +5.90% | +5.66% | +5.72% |
| Return on assets (ROA) | +2.87% | +1.62% | +1.02% | +0.97% | +0.37% | +0.79% | +0.80% | +0.79% | +0.78% |
| Return on capital (ROC) | +15.18% | +9.12% | +5.60% | +5.56% | +1.39% | +4.10% | +4.11% | +4.11% | +4.13% |
| Return on invested capital (ROIC) | +11.90% | +7.26% | +4.53% | +4.47% | +1.49% | +3.44% | +3.49% | +3.43% | +3.42% |
| Asset turnover | +7.41% | +8.43% | +10.34% | +11.00% | +10.35% | +10.59% | +10.56% | +10.63% | +10.56% |
| DuPont · ROE decomposition | |||||||||
| Net margin | +38.68% | +19.18% | +9.88% | +8.81% | +3.54% | +7.48% | +7.60% | +7.41% | +7.39% |
| Asset turnover (× revenue / assets) | +7.41% | +8.43% | +10.34% | +11.00% | +10.35% | +10.59% | +10.56% | +10.63% | +10.56% |
| Equity multiplier (× assets / equity) | +708.48% | +865.79% | +823.67% | +806.37% | +588.83% | +709.94% | +735.83% | +718.85% | +732.94% |
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 | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||
| Asset turnover | 0.07 | 0.08 | 0.10 | 0.11 | 0.10 | 0.11 | 0.11 | 0.11 | 0.11 |
| Fixed-asset turnover | 7.61 | 8.82 | 11.31 | 11.96 | 12.36 | — | — | — | — |
| Inventory turnover | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 21.94 | 18.24 | 19.97 | 21.30 | 19.83 | — | — | — | — |
| Payables turnover | -1.23 | 18.92 | 35.63 | 39.85 | 43.21 | — | — | — | — |
| Days outstanding | |||||||||
| Days sales outstanding (DSO) | 16.64 | 20.01 | 18.28 | 17.13 | 18.40 | — | — | — | — |
| Days inventory outstanding (DIO) | — | — | — | — | — | — | — | — | — |
| Days payables outstanding (DPO) | -296.43 | 19.29 | 10.24 | 9.16 | 8.45 | — | — | — | — |
| Cash conversion cycle | 313.07 | 0.72 | 8.03 | 7.98 | 9.96 | — | — | — | — |
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 | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Operating CF / Net income | 0.99 | 1.88 | 4.21 | 3.82 | 11.30 | 5.13 | 5.14 | 5.30 | 5.18 |
| FCF / Net income | 0.94 | 1.75 | 4.01 | 3.57 | 10.66 | 4.75 | 4.76 | 4.95 | 4.81 |
| FCF margin | +36.25% | +33.55% | +39.64% | +31.43% | +37.75% | +35.55% | +36.15% | +36.68% | +35.56% |
| OCF margin | +38.43% | +35.99% | +41.58% | +33.67% | +40.02% | +38.38% | +39.04% | +39.31% | +38.25% |
| CapEx / Revenue | +2.18% | +2.43% | +1.94% | +2.23% | +2.28% | +2.10% | +2.20% | +2.15% | +2.10% |
| CapEx / D&A | 0.20 | 0.29 | 0.30 | 0.37 | 0.30 | — | — | — | — |
| Stock-based comp / Revenue | +1.03% | +0.82% | +1.04% | +1.05% | +1.12% | — | — | — | — |
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 | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| EPS · diluted | 26.94 | 17.91 | 11.95 | 11.59 | 4.03 | 19.53 | 24.24 | 27.93 | 39.17 |
| EPS · basic | 27.04 | 17.98 | 11.98 | 11.61 | 4.03 | 19.73 | 24.24 | 28.00 | 39.71 |
| Book value / share | 137.39 | 133.73 | 151.51 | 158.46 | 209.89 | 155.87 | 160.14 | 172.23 | 184.60 |
| Tangible BV / share | 103.86 | 96.15 | 112.22 | 119.20 | 126.60 | 155.87 | 160.14 | 172.23 | 184.60 |
| Sales / share | 72.11 | 97.59 | 129.07 | 140.61 | 127.94 | 117.14 | 124.43 | 131.59 | 142.81 |
| Operating CF / share | 27.71 | 35.12 | 53.66 | 47.34 | 51.21 | 44.96 | 48.58 | 51.73 | 54.62 |
| Free cash flow / share | 26.14 | 32.74 | 51.16 | 44.20 | 48.29 | 41.65 | 44.99 | 48.27 | 50.78 |
| Dividends / share | 2.58 | 2.42 | 2.43 | 2.43 | 3.27 | 2.47 | 2.56 | 2.68 | 2.88 |
| Payout ratio | +9.27% | +12.91% | +19.05% | +19.62% | +72.08% | +28.14% | +27.13% | +27.52% | +27.27% |
| Retention ratio | +90.73% | +87.09% | +80.95% | +80.38% | +27.92% | +71.86% | +72.87% | +72.48% | +72.73% |
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 | 2028E | 2029E | 8y CAGR |
|---|---|---|---|---|---|---|---|---|---|---|
| Top-line | ||||||||||
| Revenue · YoY | — | +19.79% | +28.96% | +9.00% | +28.39% | -8.08% | +5.64% | +5.96% | +8.09% | +11.59% |
| Gross profit · YoY | — | -12.28% | -7.19% | +3.93% | +19.65% | -1.16% | +3.38% | +7.48% | +7.85% | +2.29% |
| Profit | ||||||||||
| Operating income · YoY | — | -41.55% | -34.58% | -2.23% | -61.40% | +148.84% | +5.75% | +5.49% | +8.62% | -9.88% |
| EBITDA · YoY | — | -35.46% | -25.53% | -1.34% | -17.56% | +29.83% | +7.60% | +5.16% | +5.08% | -6.12% |
| Net income · YoY | — | -40.60% | -33.60% | -2.80% | -48.36% | +94.15% | +7.25% | +3.40% | +7.76% | -9.27% |
| Operating | ||||||||||
| EBIT · YoY | — | -41.55% | -34.58% | -2.23% | -61.40% | +139.82% | +7.95% | +3.93% | +7.71% | -10.33% |
| R&D · YoY | — | — | — | — | — | — | — | — | — | — |
| Per-share | ||||||||||
| EPS · diluted · YoY | — | -33.52% | -33.28% | -3.01% | -65.23% | +384.61% | +24.10% | +15.22% | +40.28% | +4.79% |
| EPS · basic · YoY | — | -33.51% | -33.37% | -3.09% | -65.29% | +389.46% | +22.88% | +15.53% | +41.82% | +4.92% |
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 | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Leverage | |||||||||
| Total debt | $43.09B | $48.75B | $49.86B | $45.55B | $51B | $53.73B | $59.62B | $60.62B | $67.09B |
| Net debt | $21.34B | $17.89B | $6.56B | $2.32B | -$6.43B | $1.86B | $4.85B | -$454.38M | $4.03B |
| Net debt / EBITDA | 1.11 | 1.44 | 0.71 | 0.25 | -0.85 | 0.19 | 0.46 | -0.04 | 0.35 |
| Debt / equity | 0.71 | 0.93 | 0.86 | 0.75 | 0.45 | 0.63 | 0.69 | 0.65 | 0.67 |
| Debt / assets | +9.96% | +10.71% | +10.42% | +9.29% | +7.62% | +8.93% | +9.36% | +9.04% | +9.19% |
| Equity / assets | +14.11% | +11.55% | +12.14% | +12.40% | +16.98% | +14.09% | +13.59% | +13.91% | +13.64% |
| Coverage | |||||||||
| EBITDA / interest expense | 12.07 | 3.02 | 0.73 | 0.62 | 0.48 | 0.60 | 0.62 | 0.62 | 0.60 |
| Operating income / interest | 9.89 | 2.24 | 0.48 | 0.40 | 0.14 | 0.35 | 0.35 | 0.36 | 0.35 |
| Interest expense | $1.6B | $4.12B | $12.7B | $14.83B | $15.82B | $16.25B | $16.93B | $17.8B | $19.43B |
| Liquidity | |||||||||
| Current ratio | 0.38 | 0.33 | 0.36 | 0.14 | 0.15 | — | — | — | — |
| Quick ratio | 0.38 | 0.33 | 0.36 | 0.14 | 0.14 | — | — | — | — |
| Cash ratio | 0.07 | 0.09 | 0.12 | 0.12 | 0.12 | — | — | — | — |
| Working capital | -$193.61B | -$224.52B | -$224.71B | -$314.32B | -$407.84B | — | — | — | — |
| Working capital / revenue | -604.42% | -585.11% | -454.10% | -582.74% | -588.93% | — | — | — | — |
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 | 1.80x | 1.31x |
| Earnings yield | 1.9% | 7.0% |
| FCF yield | 19.9% | 24.8% |
Returns
| Metric | FY 2025 | FY 2024 |
|---|---|---|
| Gross margin | — | — |
| Operating margin | — | — |
| Net margin | — | — |
| ROE | 2.2% | 7.8% |
| ROA | 0.4% | 1.0% |
| ROIC | 1.1% | 3.7% |
Leverage & liquidity
| Metric | FY 2025 | FY 2024 |
|---|---|---|
| Debt / equity | — | — |
| Net debt / EBITDA | -0.85 | 0.25 |
| Interest coverage | — | — |
| Current ratio | 0.15x | 0.14x |
| 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).