Corsair Gaming, Inc. Financial Ratios — CRSR Stock

Profitability (USD)

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	-4.42	31.56	20.08	-9.13	-0.4	-13.39	-2.61
Return on Assets (%)	- -	-0.9	8.7	7.62	-4.13	-0.2	-6.57	-1.3
Return on Capital (%)	- -	- -	17.17	13.5	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	17.41	14.38	- -	- -	- -	- -
Gross Margin (%)	20.55	20.44	27.34	26.99	21.57	24.68	24.89	28.92
EBITDA Margin (%)	6.22	5.58	11.84	9.61	-0.09	4.14	0.15	3.82
Operating Margin (%)	2.32	2.16	9.3	7.24	-3.98	0.66	-3.79	0.14
Incremental Operating Margin (%)	- -	1.2	22.25	- -	36.43	76.06	41.56	33.33
Pretax Margin (%)	-1.14	-1.22	7.17	6.02	-4.64	-0.24	-4.68	-0.83
Profit Margin (%)	-1.46	-0.77	6.06	5.3	-3.96	-0.18	-6.47	-1.1
Net Income to Common Margin (%)	-1.46	-0.77	6.06	5.3	-3.96	-0.18	-6.47	-1.1
Effective Tax Rate (%)	- -	- -	15.43	11.87	- -	- -	- -	- -
Dvd Payout Ratio (%)	-619.53	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	-4.42	31.56	20.08	-9.13	-0.4	-13.39	-2.61

Credit (USD)

Credit Ratios API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	423	506	348	308	295	247	237	191
ST Debt	29	2	9	14	18	22	28	23
LT Debt	394	503	339	294	278	225	209	168
Total Debt/EBITDA	7.24	8.26	1.73	1.68	-232.42	4.08	122	3.39
Net Debt/EBITDA	6.8	7.48	0.95	1.01	-68.89	0.37	34.24	0.43
Total Debt/EBIT	19.4	21.34	2.2	2.24	-5.39	25.44	-4.75	91.78
Net Debt/EBIT	18.22	19.3	1.21	1.34	-1.6	2.33	-1.33	11.64
EBITDA to Interest Expense	1.79	1.72	6.5	14.33	-0.13	3.47	0.15	6.02
EBITDA-CapEx/Interest Expense	1.53	1.47	6.21	13.47	-2.89	2.73	-0.61	4.37
EBIT to Interest Expense	0.67	0.67	5.1	10.8	-5.73	0.56	-3.78	0.22
Interest Expense	33	36	31	13	10	17	13	9
Common Equity/Total Assets	20.06	20.46	33.28	42.48	48.09	49.18	48.9	50.53
Long-Term Debt/Equity (%)	242.23	232.24	77.5	51.75	42.36	32.36	33.73	26.02
Long-Term Debt/Capital (%)	67.32	69.67	43.16	33.55	29.21	23.88	24.4	20.09
Long-Term Debt/Total Assets (%)	48.6	47.51	25.79	21.99	21.4	16.55	16.91	13.4
Total Debt/Equity (%)	259.81	233.34	79.57	54.25	45.03	35.52	38.27	29.5
Total Debt/Capital (%)	72.21	70	44.31	35.17	31.05	26.21	27.68	22.78
Total Debt/Total Assets (%)	52.12	47.73	26.48	23.05	22.75	18.16	19.18	15.2
Net Debt to Equity	244.05	211.12	43.86	32.6	13.35	3.25	10.74	3.74
Net Debt/Capital (%)	70.93	67.86	29.25	22.76	10.94	2.95	8.88	3.27
EBITDA	58	61	202	183	-1	60	2	56
EBITDA-CapEx	50	52	193	172	-28	48	-8	41
Operating Income (Loss)	22	24	158	138	-55	10	-50	2

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.12	0.16	0.26	0.14	0.44	0.42	0.27	0.23
Current Ratio	1.44	1.43	1.37	1.58	1.82	1.7	1.57	1.54
Quick Ratio	0.67	0.84	0.84	0.79	1.13	1.02	0.82	0.77
CFO/Avg Current Liab	- -	0.14	0.42	0.04	0.17	0.23	0.09	0.12
Common Equity/Total Assets	20.06	20.46	33.28	42.48	48.09	49.18	48.9	50.53
Long-Term Debt/Equity (%)	242.23	232.24	77.5	51.75	42.36	32.36	33.73	26.02
Long-Term Debt/Capital (%)	67.32	69.67	43.16	33.55	29.21	23.88	24.4	20.09
Long-Term Debt/Total Assets (%)	48.6	47.51	25.79	21.99	21.4	16.55	16.91	13.4
Total Debt/Equity (%)	259.81	233.34	79.57	54.25	45.03	35.52	38.27	29.5
Total Debt/Capital (%)	72.21	70	44.31	35.17	31.05	26.21	27.68	22.78
Total Debt/Total Assets (%)	52.12	47.73	26.48	23.05	22.75	18.16	19.18	15.2
CFO/Total Liabilities	0.07	4.4	19.27	2.63	10.34	13.44	5.82	8.24
CFO/CapEx	0.05	4.11	18.8	1.84	2.52	6.99	3.61	3.26
Altman's Z-Score	- -	- -	- -	5.15	3.5	3.64	2.53	2.86

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	- -	6.76	6.86	6.51	5.22	5.97	5.58	6.51
Days Sales Outstanding	- -	53.96	53.17	56.06	69.93	61.12	65.43	56.09
Inventory Turnover	- -	5.82	6.56	5.3	4.39	5.08	3.95	3.72
Days Inventory Outstanding	- -	62.74	55.63	68.83	83.09	71.85	92.31	98.23
Accounts Payable Turnover	- -	5.19	5.45	5.46	4.77	5.57	4.51	5.19
Accounts Payable Turnover Days	- -	70.27	67.01	66.85	76.57	65.55	80.91	70.28
Cash Conversion Cycle	- -	46.43	41.8	58.04	76.46	67.42	76.82	84.03
Inventory to Cash Days	- -	-8.79	-2.46	-12.77	-13.16	-10.72	-26.89	-42.14
Inventories	149	151	226	298	193	240	260	303
Raw Materials	23	26	52	62	50	65	55	73
Work In Process	5	3	10	5	4	5	15	13
Finished Goods	121	123	164	231	139	170	190	218
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	- -	2,079	1,436	1,441	675	715
- Cash & Cash Equivalents	26	48	130	62	151	176	107	97
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	32	26	15	12
+ Total Debt	423	506	348	308	295	247	237	191
Enterprise Value	- -	- -	- -	2,325	1,612	1,538	821	821
Total Capital	585	723	785	876	951	940	856	836
Total Debt/Capital (%)	72.21	70	44.31	35.17	31.05	26.21	27.68	22.78
Total Debt / EV	- -	- -	- -	0.13	0.18	0.16	0.29	0.23
EV/Sales	- -	- -	- -	1.22	1.17	1.05	0.62	0.56
EV/EBITDA	- -	- -	- -	12.7	- -	25.47	422.31	14.58
EV/EBIT	- -	- -	- -	16.86	- -	158.74	- -	395.24
EV/Cash Flow to Firm	- -	- -	- -	73.93	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	113.56	- -	- -	- -	- -
Diluted Market Cap	- -	- -	- -	2,200	1,364	1,483	672	711
Diluted Enterprise Value	- -	- -	- -	2,446	1,539	1,580	817	816
EV per Share	- -	- -	- -	24.6	15.9	14.9	7.83	7.69
TTM Sales	938	1,097	1,702	1,904	1,375	1,460	1,316	1,472
TTM EBITDA	58	61	202	183	-1	60	2	56
TTM Operating Income	22	24	158	138	-55	10	-50	2
TTM Cash Flow to Firm	- -	- -	195	31	- -	- -	- -	- -
TTM Free Cash Flow to Firm	- -	- -	186	20	- -	- -	- -	- -

Multiples (USD)

Valuation Multiples API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	- -	238.63	34.03	19.41	25.9	20.45
EV/EBIT	- -	- -	- -	16.86	- -	158.74	- -	395.24
Enterprise Value	- -	- -	- -	2,325	1,612	1,538	821	821
Low Price	- -	- -	- -	20.22	11.46	12.16	5.8	5.43
EV/Sales	- -	- -	- -	1.22	1.17	1.05	0.62	0.56
EV/EBITDA	- -	- -	- -	12.7	- -	25.47	422.31	14.58
Price/Earnings	- -	- -	- -	20.32	- -	- -	- -	- -
Price/Earnings Average	- -	- -	- -	24.97	- -	- -	- -	- -
Price/Earnings High	- -	- -	- -	35.06	- -	- -	- -	- -
Price/Earnings Low	- -	- -	- -	18.68	- -	- -	- -	- -
Price/Book Value	- -	- -	- -	3.66	2.3	2.16	1.12	1.13
Price/Book Value Average	- -	- -	- -	4.5	2.77	2.41	1.68	1.42
Price/Book Value High	- -	- -	- -	6.31	3.85	3.09	2.42	2.03
Price/Book Value Low	- -	- -	- -	3.36	1.86	1.88	1.01	0.91
Price/Tangible Book Value	- -	- -	- -	81.79	24	11.54	7.87	4.75
Price/Tangible Book Value Average	- -	- -	- -	100.52	28.85	12.86	11.86	5.96
Price/Tangible Book Value High	- -	- -	- -	141.13	40.12	16.5	17.06	8.56
Price/Tangible Book Value Low	- -	- -	- -	75.2	19.41	10.06	7.09	3.84
Price/Sales	- -	- -	- -	1.08	0.99	0.98	0.51	0.48
Price/Sales Average	- -	- -	- -	1.32	1.19	1.09	0.77	0.61
Price/Sales High	- -	- -	- -	1.86	1.66	1.4	1.11	0.87
Price/Sales Low	- -	- -	- -	0.99	0.8	0.85	0.46	0.39
Price/Cash Flow	- -	- -	- -	101.59	20.54	16.04	18.72	14.18
Price/Cash Flow Average	- -	- -	- -	124.86	24.69	17.87	28.2	17.8
Price/Cash Flow High	- -	- -	- -	175.3	34.34	22.93	40.55	25.56
Price/Cash Flow Low	- -	- -	- -	93.41	16.62	13.98	16.85	11.48
Price/Free Cash Flow Average	- -	- -	- -	293.28	40.9	21.63	39.02	25.67
Price/Free Cash Flow High	- -	- -	- -	411.75	56.89	27.75	56.11	36.86
Price/Free Cash Flow Low	- -	- -	- -	219.41	27.53	16.92	23.32	16.56
EV/Sales Average	- -	- -	- -	1.47	1.38	1.17	0.88	0.68
EV/Sales High	- -	- -	- -	2.01	1.87	1.48	1.22	0.95
EV/Sales Low	- -	- -	- -	1.13	0.97	0.93	0.57	0.46
EV/EBITDA Average	- -	- -	- -	15.31	- -	28.2	598.38	17.82
EV/EBITDA High	- -	- -	- -	20.95	- -	35.72	827.81	24.78
EV/EBITDA Low	- -	- -	- -	11.79	- -	22.41	387.69	12.17
EV/EBIT Average	- -	- -	- -	20.31	- -	175.75	- -	483.04
EV/EBIT High	- -	- -	- -	27.8	- -	222.64	- -	671.53
EV/EBIT Low	- -	- -	- -	15.64	- -	139.65	- -	329.72
Last Price	- -	- -	- -	22	14.17	13.95	6.45	6.7
High Price	- -	- -	- -	37.95	23.68	19.95	13.97	12.08
Enterprise Value Average	- -	- -	- -	2,801	1,902	1,703	1,163	1,003
Enterprise Value High	- -	- -	- -	3,833	2,576	2,157	1,608	1,394
Enterprise Value Low	- -	- -	- -	2,157	1,337	1,353	753	684

Per Share Data Items (USD)

Per-Share Data API ChatGPT

	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Shares Outstanding	92	92	92	95	101	103	105	107
Diluted Weighted Avg Shares	92	92	91	100	96	106	104	106
Basic Weighted Avg Shares	92	92	86	93	96	102	104	106
Revenue per Share	10.21	11.95	19.74	20.42	14.28	14.25	12.64	13.89
EBITDA per Share	0.64	0.67	2.34	1.96	-0.01	0.59	0.02	0.53
Operating Income per Share	0.24	0.26	1.84	1.48	-0.57	0.09	-0.48	0.02
Basic EPS, GAAP	-0.15	-0.09	1.2	1.08	-0.56	-0.03	-0.82	-0.15
Basic EPS from Cont Ops	-0.15	-0.09	1.2	1.08	-0.56	-0.01	-0.8	-0.14
Diluted EPS, GAAP	-0.15	-0.09	1.14	1.01	-0.56	-0.02	-0.82	-0.15
Diluted EPS from Cont Ops	-0.15	-0.09	1.14	1.01	-0.56	-0.01	-0.8	-0.14
Dividend per Share	0.93	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	- -	0.4	1.96	0.22	0.69	0.87	0.34	0.47
Free Cash Flow per Basic Share	-0.09	0.31	1.85	0.1	0.42	0.75	0.25	0.33
Cash & Equivalents per Share	0.28	0.52	1.41	0.66	1.49	1.7	1.02	0.91
Book Value per Share	1.77	2.36	4.76	6.01	6.15	6.47	5.77	5.94
Tangible Book Value per Share	-3.39	-4.21	-1.47	0.27	0.59	1.21	0.82	1.41