Stocktoria

CODEXIS, INC. CDXS

Nasdaq · stock · Industrial Organic Chemicals · website · IPO 2010-04-22

CODEXIS, INC. statistics & valuation

Market cap$217.2M
P / S3.1×
P / B4.3×
Net margin-62.5%
Return on equity-87.0%
FCF margin-33.9%
Net cash$10.7M
Enterprise value USD$206.6M
Earnings yield EBIT/EV-20.2%
Return on capital-34.1%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Net margin (%)
-17.50% -46.00% -18.00% -17.40% -34.80% -20.30% -24.20% -108.70% -110.00% -62.50% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
-17.50% -45.90% -18.60% -18.30% -34.60% -21.70% -25.20% -97.00% -98.60% -59.30% 2016201720182019202020212022202320242025
Return on equity (%)
-44.80% -93.70% -19.30% -11.30% -14.10% -12.90% -23.20% -88.00% -97.50% -87.00% 2016201720182019202020212022202320242025
Shares outstanding
41.3M 48.4M 54.1M 58.9M 64.3M 65.1M 65.8M 69.9M 81.8M 90.5M 2016201720182019202020212022202320242025
Net debt ($)
-$19.2M -$30.9M -$65.1M $9.6M -$10.7M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
-24.00% -42.90% -13.70% -8.00% -10.80% -8.60% -13.40% -55.80% -43.80% -29.80% 2016201720182019202020212022202320242025
Free cash flow margin (%)
-5.60% -19.50% -27.80% -23.80% -29.30% -26.80% 2.10% -81.30% -90.50% -33.90% 2016201720182019202020212022202320242025
Debt / equity (×)
0.00× 0.01× 0.00× 0.43× 0.79× 2016201720182019202020212022202320242025
EPS ($)
-$0.21 -$0.40 -$0.33 -$0.51 -$1.12 -$0.89 -$0.50 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin-59.3%-98.6%-97.0%-25.2%-21.7%-34.6%-18.3%-18.6%-45.9%-17.5%
Net margin-62.5%-110.0%-108.7%-24.2%-20.3%-34.8%-17.4%-18.0%-46.0%-17.5%
FCF margin-33.9%-90.5%-81.3%2.1%-26.8%-29.3%-23.8%-27.8%-19.5%-5.6%
Return on assets-29.8%-43.8%-55.8%-13.4%-8.6%-10.8%-8.0%-13.7%-42.9%-24.0%
Return on equity-87.0%-97.5%-88.0%-23.2%-12.9%-14.1%-11.3%-19.3%-93.7%-44.8%
Debt / equity0.79×0.43×0.00×—————0.01×0.00×
Current ratio3.824.182.613.324.857.387.423.771.812.20

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.