Explain this page
Arphra AIPlain-English read on Eastern Bankshares, 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 margin66.2%
Operating margin9.9%
Net margin8.4%
ROE2.0%
ROA0.3%
ROIC2.1%
Liquidity & leverage
Current ratio0.02×
Quick ratio0.02×
Debt / equity0.05×
Net debt / EBITDA0.57×
Interest coverage0×
Efficiency & per-share
Asset turnover0.03×
Inventory days0
Days sales out.0
FCF / share$1.91
Book value / share$20.06
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 |
|---|---|---|---|---|---|---|---|---|
| Headline | ||||||||
| Market cap | — | — | — | $3.12B | $3.97B | — | — | — |
| Enterprise value | — | — | — | $2.16B | $3.85B | — | — | — |
| Multiples | ||||||||
| P / E | — | — | — | — | — | — | — | — |
| P / B | — | — | — | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — |
| EV / Sales | — | — | — | 2.02 | 3.64 | — | — | — |
| EV / FCF | — | — | — | 8.00 | 9.32 | — | — | — |
| Yields | ||||||||
| Earnings yield | — | — | — | +3.83% | +2.22% | — | — | — |
| Free cash flow yield | — | — | — | +8.65% | +10.41% | — | — | — |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||
| Gross margin | +100.83% | +91.93% | +52.37% | +62.03% | +66.20% | +61.30% | +59.21% | +60.52% |
| Operating margin | +33.62% | +34.93% | -22.55% | +14.55% | +9.89% | +0.63% | +0.64% | +0.64% |
| EBITDA margin | +37.99% | +38.37% | -18.32% | +18.13% | +14.88% | +4.94% | +5.03% | +4.92% |
| EBIT margin | +33.62% | +34.93% | -22.55% | +14.55% | +9.89% | +0.61% | +0.65% | +0.62% |
| Pre-tax margin | +33.62% | +34.93% | -22.55% | +14.55% | +9.43% | +0.48% | +0.47% | +0.47% |
| Net margin | +29.55% | +29.29% | +41.56% | +11.17% | +8.35% | +0.61% | +0.62% | +0.63% |
| Cost structure | ||||||||
| Cost of revenue / sales | -0.83% | +8.07% | +47.63% | +37.97% | +33.80% | +40.90% | +40.81% | +38.63% |
| R&D intensity | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| SG&A intensity | +45.91% | +36.46% | +50.56% | +30.26% | +33.46% | +38.96% | +37.01% | +37.49% |
| Effective tax rate | +17.31% | +21.71% | — | +23.24% | +11.39% | +16.90% | +17.86% | +17.66% |
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 |
|---|---|---|---|---|---|---|---|---|
| Returns | ||||||||
| Return on equity (ROE) | +4.54% | +8.08% | +7.80% | +3.31% | +2.03% | +0.14% | +0.15% | +0.15% |
| Return on assets (ROA) | +0.66% | +0.88% | +1.10% | +0.47% | +0.29% | +0.02% | +0.02% | +0.02% |
| Return on capital (ROC) | +5.12% | +7.45% | -4.18% | +4.26% | +2.29% | +0.14% | +0.15% | +0.15% |
| Return on invested capital (ROIC) | +4.50% | +6.25% | -3.13% | +3.27% | +1.94% | +0.14% | +0.14% | +0.15% |
| Asset turnover | +2.23% | +3.01% | +2.64% | +4.19% | +3.45% | +3.29% | +3.27% | +3.41% |
| DuPont · ROE decomposition | ||||||||
| Net margin | +29.55% | +29.29% | +41.56% | +11.17% | +8.35% | +0.61% | +0.62% | +0.63% |
| Asset turnover (× revenue / assets) | +2.23% | +3.01% | +2.64% | +4.19% | +3.45% | +3.29% | +3.27% | +3.41% |
| Equity multiplier (× assets / equity) | +690.24% | +916.21% | +710.40% | +707.59% | +704.69% | +710.63% | +721.34% | +704.55% |
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 |
|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||
| Asset turnover | 0.02 | 0.03 | 0.03 | 0.04 | 0.03 | 0.03 | 0.03 | 0.03 |
| Fixed-asset turnover | 7.95 | 10.88 | 9.29 | 16.59 | 8.80 | — | — | — |
| Inventory turnover | — | — | — | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — |
| Days outstanding | ||||||||
| Days sales outstanding (DSO) | — | — | — | — | — | — | — | — |
| Days inventory outstanding (DIO) | — | — | — | — | — | — | — | — |
| Days payables outstanding (DPO) | — | — | — | — | — | — | — | — |
| Cash conversion cycle | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — |
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 |
|---|---|---|---|---|---|---|---|---|
| Operating CF / Net income | 1.13 | 1.15 | 1.13 | 2.38 | 4.90 | 62.33 | 62.51 | 59.29 |
| FCF / Net income | 1.09 | 1.11 | 1.09 | 2.26 | 4.68 | 59.70 | 59.71 | 58.06 |
| FCF margin | +32.24% | +32.45% | +45.38% | +25.25% | +39.10% | +36.50% | +37.12% | +36.49% |
| OCF margin | +33.33% | +33.72% | +46.84% | +26.55% | +40.94% | +38.12% | +38.87% | +37.26% |
| CapEx / Revenue | +1.09% | +1.27% | +1.46% | +1.26% | +1.84% | +1.49% | +1.56% | +1.48% |
| CapEx / D&A | 0.25 | 0.37 | 0.34 | 0.35 | 0.31 | — | — | — |
| Stock-based comp / Revenue | +1.80% | +3.00% | +4.15% | +2.49% | +2.39% | — | — | — |
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 |
|---|---|---|---|---|---|---|---|---|
| EPS · diluted | 0.90 | 1.21 | 1.43 | 0.66 | 0.40 | 1.87 | 2.17 | 2.58 |
| EPS · basic | 0.90 | 1.21 | 1.43 | 0.66 | 0.40 | 1.86 | 2.19 | 2.57 |
| Book value / share | 19.78 | 14.92 | 18.32 | 19.83 | 20.06 | 24.55 | 25.71 | 27.47 |
| Tangible BV / share | 16.00 | 11.49 | 14.83 | 14.06 | 14.05 | 24.55 | 25.71 | 27.47 |
| Sales / share | 3.04 | 4.12 | 3.44 | 5.88 | 4.88 | 5.74 | 6.06 | 6.59 |
| Operating CF / share | 1.01 | 1.39 | 1.61 | 1.56 | 2.00 | 2.19 | 2.35 | 2.46 |
| Free cash flow / share | 0.98 | 1.34 | 1.56 | 1.48 | 1.91 | 2.09 | 2.25 | 2.41 |
| Dividends / share | 0.30 | 0.40 | 0.41 | 0.45 | 0.49 | 0.56 | 0.58 | 0.64 |
| Payout ratio | +33.34% | +32.98% | +28.72% | +69.04% | +119.85% | +1587.75% | +1547.47% | +1545.06% |
| Retention ratio | +66.66% | +67.02% | +71.28% | +30.96% | -19.85% | -1487.75% | -1447.47% | -1445.06% |
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 | 7y CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Top-line | |||||||||
| Revenue · YoY | — | +30.27% | -18.07% | +91.64% | -1.35% | +17.14% | +6.08% | +9.10% | +15.46% |
| Gross profit · YoY | — | +18.76% | -53.32% | +126.97% | +5.28% | +8.46% | +2.47% | +11.52% | +7.34% |
| Profit | |||||||||
| Operating income · YoY | — | +35.36% | -152.89% | +223.63% | -32.95% | -92.59% | +8.92% | +7.97% | -34.50% |
| EBITDA · YoY | — | +31.56% | -139.12% | +289.68% | -19.07% | -61.12% | +8.09% | +6.69% | -13.78% |
| Net income · YoY | — | +29.16% | +16.23% | -48.50% | -26.22% | -91.42% | +7.85% | +10.27% | -33.39% |
| Operating | |||||||||
| EBIT · YoY | — | +35.36% | -152.89% | +223.63% | -32.95% | -92.77% | +12.43% | +4.66% | -34.72% |
| R&D · YoY | — | — | — | — | — | — | — | — | — |
| Per-share | |||||||||
| EPS · diluted · YoY | — | +34.44% | +18.18% | -53.85% | -39.39% | +368.22% | +15.81% | +18.95% | +16.24% |
| EPS · basic · YoY | — | +34.44% | +18.18% | -53.85% | -39.39% | +365.39% | +17.47% | +17.73% | +16.20% |
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 |
|---|---|---|---|---|---|---|---|---|
| Leverage | ||||||||
| Total debt | $34.28M | $726.4M | $39.72M | $45.31M | $214.9M | $129.85M | $135.26M | $153.03M |
| Net debt | -$1.2B | $556.89M | -$653.36M | -$961.57M | $88.8M | -$806.04M | -$882.53M | -$939.23M |
| Net debt / EBITDA | -6.02 | 2.13 | 6.38 | -4.95 | 0.57 | -13.20 | -13.37 | -13.33 |
| Debt / equity | 0.01 | 0.29 | 0.01 | 0.01 | 0.05 | 0.02 | 0.02 | 0.03 |
| Debt / assets | +0.15% | +3.21% | +0.19% | +0.18% | +0.70% | +0.35% | +0.34% | +0.36% |
| Equity / assets | +14.49% | +10.91% | +14.08% | +14.13% | +14.19% | +14.07% | +13.86% | +14.19% |
| Coverage | ||||||||
| EBITDA / interest expense | 37.30 | 7.05 | -0.42 | 0.57 | 0.47 | 0.14 | 0.14 | 0.14 |
| Operating income / interest | 33.01 | 6.42 | -0.51 | 0.46 | 0.31 | 0.02 | 0.02 | 0.02 |
| Interest expense | $5.33M | $37.13M | $246.05M | $339.17M | $335.68M | $441.62M | $457.69M | $506.26M |
| Liquidity | ||||||||
| Current ratio | 0.51 | 0.36 | 0.30 | 0.25 | 0.02 | — | — | — |
| Quick ratio | 0.50 | 0.35 | 0.29 | 0.24 | 0.02 | — | — | — |
| Cash ratio | 0.06 | 0.01 | 0.04 | 0.05 | 0.01 | — | — | — |
| Working capital | -$9.71B | -$12.64B | -$12.31B | -$16.03B | -$13.91B | — | — | — |
| Working capital / revenue | -1854.12% | -1853.56% | -2203.78% | -1497.52% | -1316.98% | — | — | — |
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 | 3.64x | 2.02x |
| Earnings yield | 2.2% | 3.8% |
| FCF yield | 10.4% | 8.7% |
Returns
| Metric | FY 2025 | FY 2024 |
|---|---|---|
| Gross margin | — | — |
| Operating margin | — | — |
| Net margin | — | — |
| ROE | 2.0% | 3.3% |
| ROA | 0.3% | 0.5% |
| ROIC | 1.7% | 2.8% |
Leverage & liquidity
| Metric | FY 2025 | FY 2024 |
|---|---|---|
| Debt / equity | — | — |
| Net debt / EBITDA | -0.72 | -4.95 |
| Interest coverage | — | — |
| Current ratio | 0.03x | 0.25x |
| 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).