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RESEARCH FRONTIERS INC REFR

Nasdaq · stock · Patent Owners & Lessors · website · IPO 1986-07-08

RESEARCH FRONTIERS INC statistics & valuation

P / S14.9×
P / B17.9×
Net margin-182.4%
FCF margin-118.6%
Return on capital-109.1%

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 (%)
-342.90% -160.00% -180.40% -243.50% -282.60% -146.20% -494.60% -209.80% -98.20% -182.40% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
-345.30% -160.30% -162.40% -201.40% -311.10% -145.60% -486.40% -223.50% -108.00% -190.20% 2016201720182019202020212022202320242025
Return on equity (%)
-86.40% -94.00% -86.70% -54.00% -43.90% -48.80% -55.60% -54.20% -50.40% -219.10% 2016201720182019202020212022202320242025
Shares outstanding
24.0M 24.0M 27.7M 31.3M 31.6M 31.7M 33.2M 33.5M 33.6M 33.6M 2016201720182019202020212022202320242025
Net debt ($)
2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
-80.40% -83.80% -66.20% -46.10% -37.80% -40.60% -49.70% -49.60% -32.50% -90.80% 2016201720182019202020212022202320242025
Free cash flow margin (%)
-325.00% -97.90% -139.90% -137.30% -278.70% -142.90% -404.70% -252.50% -59.20% -118.60% 2016201720182019202020212022202320242025
Debt / equity (×)
2016201720182019202020212022202320242025
EPS ($)
-$0.08 -$0.06 -$0.04 -$0.06 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-190.2%-108.0%-223.5%-486.4%-145.6%-311.1%-201.4%-162.4%-160.3%-345.3%
Net margin-182.4%-98.2%-209.8%-494.6%-146.2%-282.6%-243.5%-180.4%-160.0%-342.9%
FCF margin-118.6%-59.2%-252.5%-404.7%-142.9%-278.7%-137.3%-139.9%-97.9%-325.0%
Return on assets-90.8%-32.5%-49.6%-49.7%-40.6%-37.8%-46.1%-66.2%-83.8%-80.4%
Return on equity-219.1%-50.4%-54.2%-55.6%-48.8%-43.9%-54.0%-86.7%-94.0%-86.4%
Current ratio3.8410.2112.8916.3013.2624.0118.868.117.5412.43

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