Horizon Kinetics Holding Ratios and Metrics

Market cap in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 26, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Market Capitalization	620	438	671	-	-
Market Cap Growth	-12.50%	-34.72%	-	-	-
Enterprise Value	2,029	2,010	586	-	-
Last Close Price	33.25	23.42	35.50	-	-
PE Ratio	96.54	85.57	7.26	-	-
PS Ratio	8.51	6.01	12.02	-	-
PB Ratio	0.33	0.23	0.36	-	-
P/TBV Ratio	2.37	1.67	2.57	-	-
P/FCF Ratio	-	-	56.91	-	-
P/OCF Ratio	-	-	56.68	-	-
EV/Sales Ratio	27.86	27.60	10.50	-	-
EV/EBITDA Ratio	201.43	134.55	-	-	-
EV/EBIT Ratio	226.52	145.41	-	-	-
EV/FCF Ratio	-46.78	-	49.70	-	-
Debt / Equity Ratio	0.00	0.00	0.00	0.01	0.04
Debt / EBITDA Ratio	0.55	0.55	-	4.26	0.66
Debt / FCF Ratio	-	-	0.63	0.29	0.49
Net Debt / Equity Ratio	-0.08	-0.08	-0.08	-0.09	-0.24
Net Debt / EBITDA Ratio	-10.08	-10.08	13.20	-58.44	-3.75
Net Debt / FCF Ratio	3.47	3.47	-12.11	-3.94	-2.77
Asset Turnover	0.04	0.04	0.04	0.07	-
Quick Ratio	5.10	5.10	2.27	7.06	3.58
Current Ratio	6.14	6.14	3.13	9.10	4.37
Return on Equity (ROE)	0.39%	0.39%	53.59%	13.62%	-
Return on Assets (ROA)	0.43%	0.43%	-0.51%	-0.01%	-
Return on Invested Capital (ROIC)	0.72%	0.76%	-0.79%	-0.02%	5.40%
Return on Capital Employed (ROCE)	0.70%	0.70%	-0.60%	0.00%	5.00%
Earnings Yield	0.83%	1.17%	13.78%	-	-
FCF Yield	-7.00%	-9.91%	1.76%	-	-
Dividend Yield	1.02%	1.45%	0.15%	-	-
Payout Ratio	123.80%	123.80%	5.48%	-	36.99%
Buyback Yield / Dilution	-2.08%	-2.08%	-1.51%	-	-
Total Shareholder Return	-1.05%	-0.62%	-1.36%	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.