Research Frontiers Incorporated (REFR)

Research Frontiers Ratios and Metrics

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

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 2, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Market Capitalization	55	57	34	63	54	89
Market Cap Growth	-18.14%	69.35%	-46.55%	16.31%	-38.65%	-5.19%
Enterprise Value	55	56	31	59	52	84
Last Close Price	1.63	1.71	1.01	1.91	1.72	2.81
PS Ratio	44.65	42.92	37.21	117.32	43.10	107.10
PB Ratio	36.58	22.01	9.62	13.20	14.39	16.66
P/TBV Ratio	36.58	22.01	9.62	13.20	14.39	16.66
EV/Sales Ratio	44.75	41.76	34.23	109.38	41.28	101.56
Debt / Equity Ratio	0.80	0.50	0.08	0.10	0.17	0.15
Asset Turnover	0.43	0.34	0.20	0.11	0.24	0.12
Quick Ratio	7.08	9.86	12.54	15.97	12.95	23.76
Current Ratio	7.61	10.21	12.89	16.30	13.26	24.01
Return on Equity (ROE)	-87.36%	-42.84%	-45.90%	-62.22%	-40.53%	-37.81%
Return on Assets (ROA)	-42.97%	-22.84%	-27.58%	-33.10%	-21.39%	-22.29%
Return on Capital (ROIC)	-44.01%	-23.45%	-28.09%	-33.86%	-21.75%	-22.73%
Return on Capital Employed (ROCE)	-77.50%	-38.20%	-56.90%	-51.80%	-43.30%	-43.10%
Earnings Yield	-3.44%	-2.29%	-5.64%	-4.22%	-3.39%	-2.64%
FCF Yield	-1.49%	-1.38%	-6.79%	-3.45%	-3.32%	-2.60%
Buyback Yield / Dilution	-0.32%	-0.20%	-4.31%	-1.34%	-0.50%	-4.92%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q