Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
Perspective Therapeutics Inc.
Physical assets are 29.3% of total assets, a light footprint. Capex is 3.92x depreciation and free cash flow yield is negative, so the physical base is expanding and consuming cash. EBITDA after capex covers debt service by -262.85x, which is below 1.
Fixed-asset turnover is 0.01x. Compare it with other names in the same basket.
Physical asset ratio
29.3%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&E$78.10MpropertyPlantAndEquipmentNetInventory$0.00Not reported, treated as 0Total assets$266.97MtotalAssetsInventory was not reported and is treated as zero.Result 29.3%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
0.01xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenue$884.00KtotalRevenueNet PP&E$78.10MpropertyPlantAndEquipmentNetResult 0.01x
Revenue per dollar of the physical asset base.
Capex / D&A
3.92xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapex$12.75McapitalExpendituresD&A$3.25MdepreciationAndAmortizationResult 3.92x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
$2.26Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$266.97MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$40.00MintangibleAssetsLiabilities$59.94MtotalLiabTangible book$167.03MShares73,813,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result $2.26
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
0.38xPrice / tangible bookPrice / tangible book per sharePrice$0.87Latest quoteTangible book / share$2.262025-12-31Result 0.38x
Price $0.87.
Fixed-charge coverage
-262.85xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$100.80MebitdaCapex$12.75McapitalExpendituresInterest$376.00KinterestExpenseShort-term debt$56.00KshortLongTermDebtEBITDA − capex-$113.55MPrincipal due is the current portion of debt.Result -262.85x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
-95.9%Free cash flow yield · 2025-12-31Latest free cash flow / current market capFree cash flow-$95.23MfreeCashFlowMarket cap$99.33MMarketCapitalizationResult -95.9%
Latest free cash flow divided by current market cap ($99.33M).
ROIC
—ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$113.56MoperatingIncomeTax expense-$793.00KincomeTaxExpensePretax income-$104.43MincomeBeforeTaxTax rate—Equity$207.03MtotalStockholderEquityDebt$1.63MlongTermDebt + shortLongTermDebtCash$144.74McashAndShortTermInvestmentsInvested capital$63.92MReported total debt was more than 1.5× long-term debt plus the current portion, so invested capital uses those two lines.ROIC needs a positive pretax income so an effective tax rate can be calculated.Result —
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is -1.45x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | 22.7%Physical asset ratio · 2018-12-31(Net PP&E + inventory) / total assetsNet PP&E$1.61MpropertyPlantAndEquipmentNetInventory$530.00KinventoryTotal assets$9.42MtotalAssetsResult 22.7% | 4.55xFixed asset turnover · 2018-12-31Revenue / net PP&ERevenue$7.31MtotalRevenueNet PP&E$1.61MpropertyPlantAndEquipmentNetResult 4.55x | 3.26xCapex / D&A · 2018-12-31Capital expenditures / depreciation and amortizationCapex$444.00KcapitalExpendituresD&A$136.00KdepreciationAndAmortizationResult 3.26x | $0.11Tangible book / share · 2018-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$9.42MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$162.00KintangibleAssetsLiabilities$1.74MtotalLiabTangible book$7.52MShares67,042,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result $0.11 | -192.62xFixed-charge coverage · 2018-12-31(EBITDA − capex) / interestEBITDA-$5.14MebitdaCapex$444.00KcapitalExpendituresInterest$29.00KinterestExpenseEBITDA − capex-$5.59MShort-term debt was not reported, so the denominator is interest only.Result -192.62x | -$5.49MFree cash flow · 2018-12-31Reported free cash flowOperating cash flow-$5.05MtotalCashFromOperatingActivitiesCapex$444.00KcapitalExpendituresFree cash flow-$5.49MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$5.49M | —ROIC · 2018-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$5.28MoperatingIncomeTax expense-$294.00KincomeTaxExpensePretax income-$5.14MincomeBeforeTaxTax rate—Equity$7.68MtotalStockholderEquityDebt—Not reportedCash$5.33McashInvested capital—ROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -3.28xEBIT / PP&E · 2018-12-31Operating income / net PP&EOperating income-$5.28MoperatingIncomeNet PP&E$1.61MpropertyPlantAndEquipmentNetResult -3.28x |
| 2019 | 38.9%Physical asset ratio · 2019-12-31(Net PP&E + inventory) / total assetsNet PP&E$2.74MpropertyPlantAndEquipmentNetInventory$645.00KinventoryTotal assets$8.70MtotalAssetsResult 38.9% | 3.54xFixed asset turnover · 2019-12-31Revenue / net PP&ERevenue$9.68MtotalRevenueNet PP&E$2.74MpropertyPlantAndEquipmentNetResult 3.54x | 1.86xCapex / D&A · 2019-12-31Capital expenditures / depreciation and amortizationCapex$273.00KcapitalExpendituresD&A$147.00KdepreciationAndAmortizationResult 1.86x | $0.08Tangible book / share · 2019-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$8.70MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$138.00KintangibleAssetsLiabilities$2.98MtotalLiabTangible book$5.59MShares67,601,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result $0.08 | —Fixed-charge coverage · 2019-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$3.48MebitdaCapex$273.00KcapitalExpendituresInterest—Not reportedShort-term debt$236.00KshortTermDebtEBITDA − capex-$3.75MPrincipal due is short-term debt.Result — | -$3.91MFree cash flow · 2019-12-31Reported free cash flowOperating cash flow-$3.64MtotalCashFromOperatingActivitiesCapex$273.00KcapitalExpendituresFree cash flow-$3.91MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$3.91M | —ROIC · 2019-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$3.48MoperatingIncomeTax expense-$177.00KincomeTaxExpensePretax income-$3.45MincomeBeforeTaxTax rate—Equity$5.72MtotalStockholderEquityDebt$1.01MshortLongTermDebtTotalCash$2.39McashInvested capital$4.34MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -1.27xEBIT / PP&E · 2019-12-31Operating income / net PP&EOperating income-$3.48MoperatingIncomeNet PP&E$2.74MpropertyPlantAndEquipmentNetResult -1.27x |
| 2020 | 21.8%Physical asset ratio · 2020-12-31(Net PP&E + inventory) / total assetsNet PP&E$2.72MpropertyPlantAndEquipmentNetInventory$665.00KinventoryTotal assets$15.51MtotalAssetsResult 21.8% | 3.69xFixed asset turnover · 2020-12-31Revenue / net PP&ERevenue$10.05MtotalRevenueNet PP&E$2.72MpropertyPlantAndEquipmentNetResult 3.69x | 2.56xCapex / D&A · 2020-12-31Capital expenditures / depreciation and amortizationCapex$381.00KcapitalExpendituresD&A$149.00KdepreciationAndAmortizationResult 2.56x | $0.23Tangible book / share · 2020-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$15.51MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$130.00KintangibleAssetsLiabilities$2.74MtotalLiabTangible book$12.64MShares54,905,650commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result $0.23 | —Fixed-charge coverage · 2020-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$3.29MebitdaCapex$381.00KcapitalExpendituresInterest—Not reportedShort-term debt$245.00KshortTermDebtEBITDA − capex-$3.67MPrincipal due is short-term debt.Result — | -$3.22MFree cash flow · 2020-12-31Reported free cash flowOperating cash flow-$2.84MtotalCashFromOperatingActivitiesCapex$381.00KcapitalExpendituresFree cash flow-$3.22MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$3.22M | —ROIC · 2020-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$3.44MoperatingIncomeTax expense-$199.00KincomeTaxExpensePretax income-$3.39MincomeBeforeTaxTax rate—Equity$12.77MtotalStockholderEquityDebt$897.00KshortLongTermDebtTotalCash$9.59McashInvested capital$4.09MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -1.26xEBIT / PP&E · 2020-12-31Operating income / net PP&EOperating income-$3.44MoperatingIncomeNet PP&E$2.72MpropertyPlantAndEquipmentNetResult -1.26x |
| 2021 | 6.0%Physical asset ratio · 2021-12-31(Net PP&E + inventory) / total assetsNet PP&E$2.49MpropertyPlantAndEquipmentNetInventory$1.40MinventoryTotal assets$64.44MtotalAssetsResult 6.0% | 4.34xFixed asset turnover · 2021-12-31Revenue / net PP&ERevenue$10.80MtotalRevenueNet PP&E$2.49MpropertyPlantAndEquipmentNetResult 4.34x | 1.07xCapex / D&A · 2021-12-31Capital expenditures / depreciation and amortizationCapex$266.00KcapitalExpendituresD&A$248.00KreconciledDepreciationResult 1.07x | $4.31Tangible book / share · 2021-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$64.44MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$107.00KintangibleAssetsLiabilities$3.16MtotalLiabTangible book$61.17MShares14,204,026commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result $4.31 | —Fixed-charge coverage · 2021-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$7.14MebitdaCapex$266.00KcapitalExpendituresInterest—Not reportedShort-term debt—Not reportedEBITDA − capex-$7.41MResult — | -$7.98MFree cash flow · 2021-12-31Reported free cash flowOperating cash flow-$7.71MtotalCashFromOperatingActivitiesCapex$266.00KcapitalExpendituresFree cash flow-$7.98MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$7.98M | —ROIC · 2021-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$7.39MoperatingIncomeTax expense—Not reportedPretax income-$7.27MincomeBeforeTaxTax rate—Equity$61.28MtotalStockholderEquityDebt—Not reportedCash$55.89McashInvested capital—ROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -2.97xEBIT / PP&E · 2021-12-31Operating income / net PP&EOperating income-$7.39MoperatingIncomeNet PP&E$2.49MpropertyPlantAndEquipmentNetResult -2.97x |
| 2022 | 3.0%Physical asset ratio · 2022-12-31(Net PP&E + inventory) / total assetsNet PP&E$371.00KpropertyPlantAndEquipmentNetInventory$1.40MinventoryTotal assets$58.09MtotalAssetsResult 3.0% | 14.60xFixed asset turnover · 2022-12-31Revenue / net PP&ERevenue$5.42MtotalRevenueNet PP&E$371.00KpropertyPlantAndEquipmentNetResult 14.60x | 0.87xCapex / D&A · 2022-12-31Capital expenditures / depreciation and amortizationCapex$282.00KcapitalExpendituresD&A$324.00KdepreciationAndAmortizationResult 0.87x | $3.84Tangible book / share · 2022-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$58.09MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$25.00KintangibleAssetsLiabilities$3.45MtotalLiabTangible book$54.62MShares14,207,150commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result $3.84 | -22.63xFixed-charge coverage · 2022-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$8.47MebitdaCapex$282.00KcapitalExpendituresInterest$119.00KinterestExpenseShort-term debt$268.00KshortTermDebtEBITDA − capex-$8.76MPrincipal due is short-term debt.Result -22.63x | -$10.68MFree cash flow · 2022-12-31Reported free cash flowOperating cash flow-$10.40MtotalCashFromOperatingActivitiesCapex$282.00KcapitalExpendituresFree cash flow-$10.68MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$10.68M | —ROIC · 2022-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$9.10MoperatingIncomeTax expense-$119.00KincomeTaxExpensePretax income-$8.49MincomeBeforeTaxTax rate—Equity$54.64MtotalStockholderEquityDebt$524.00KshortLongTermDebtTotalCash$43.76McashAndShortTermInvestmentsInvested capital$11.41MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -24.54xEBIT / PP&E · 2022-12-31Operating income / net PP&EOperating income-$9.10MoperatingIncomeNet PP&E$371.00KpropertyPlantAndEquipmentNetResult -24.54x |
| 2023 | 6.5%Physical asset ratio · 2023-12-31(Net PP&E + inventory) / total assetsNet PP&E$6.32MpropertyPlantAndEquipmentNetInventory$0.00Not reported, treated as 0Total assets$97.89MtotalAssetsInventory was not reported and is treated as zero.Result 6.5% | 0.23xFixed asset turnover · 2023-12-31Revenue / net PP&ERevenue$1.43MtotalRevenueNet PP&E$6.32MpropertyPlantAndEquipmentNetResult 0.23x | 1.09xCapex / D&A · 2023-12-31Capital expenditures / depreciation and amortizationCapex$1.07McapitalExpendituresD&A$986.00KdepreciationAndAmortizationResult 1.09x | $0.01Tangible book / share · 2023-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$97.89MtotalAssetsGoodwill$24.06MgoodWillIntangibles$50.35MintangibleAssetsLiabilities$22.71MtotalLiabTangible book$763.00KShares54,905,650commonStockSharesOutstandingResult $0.01 | -308.47xFixed-charge coverage · 2023-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$39.96MebitdaCapex$1.07McapitalExpendituresInterest$84.00KinterestExpenseShort-term debt$49.00KshortLongTermDebtEBITDA − capex-$41.03MPrincipal due is the current portion of debt.Result -308.47x | -$37.99MFree cash flow · 2023-12-31Reported free cash flowOperating cash flow-$36.91MtotalCashFromOperatingActivitiesCapex$1.07McapitalExpendituresFree cash flow-$37.99MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$37.99M | —ROIC · 2023-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$40.94MoperatingIncomeTax expense-$2.65MincomeTaxExpensePretax income-$40.11MincomeBeforeTaxTax rate—Equity$75.18MtotalStockholderEquityDebt$2.55MshortLongTermDebtTotalCash$9.24McashInvested capital$68.49MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -6.47xEBIT / PP&E · 2023-12-31Operating income / net PP&EOperating income-$40.94MoperatingIncomeNet PP&E$6.32MpropertyPlantAndEquipmentNetResult -6.47x |
| 2024 | 17.5%Physical asset ratio · 2024-12-31(Net PP&E + inventory) / total assetsNet PP&E$59.54MpropertyPlantAndEquipmentNetInventory$0.00Not reported, treated as 0Total assets$341.10MtotalAssetsInventory was not reported and is treated as zero.Result 17.5% | 0.02xFixed asset turnover · 2024-12-31Revenue / net PP&ERevenue$1.45MtotalRevenueNet PP&E$59.54MpropertyPlantAndEquipmentNetResult 0.02x | 23.60xCapex / D&A · 2024-12-31Capital expenditures / depreciation and amortizationCapex$54.41McapitalExpendituresD&A$2.31MdepreciationAndAmortizationResult 23.60x | $3.74Tangible book / share · 2024-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$341.10MtotalAssetsGoodwill$0.00goodWillIntangibles$50.00MintangibleAssetsLiabilities$50.43MtotalLiabTangible book$240.67MShares64,425,000commonStockSharesOutstandingResult $3.74 | -1,189.05xFixed-charge coverage · 2024-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$64.49MebitdaCapex$54.41McapitalExpendituresInterest$48.00KinterestExpenseShort-term debt$52.00KshortLongTermDebtEBITDA − capex-$118.91MPrincipal due is the current portion of debt.Result -1,189.05x | -$72.71MFree cash flow · 2024-12-31Reported free cash flowOperating cash flow-$18.29MtotalCashFromOperatingActivitiesCapex$54.41McapitalExpendituresFree cash flow-$72.71MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$72.71M | —ROIC · 2024-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$66.80MoperatingIncomeTax expense-$2.10MincomeTaxExpensePretax income-$80.43MincomeBeforeTaxTax rate—Equity$290.67MtotalStockholderEquityDebt$1.68MlongTermDebt + shortLongTermDebtCash$226.92McashAndShortTermInvestmentsInvested capital$65.43MReported total debt was more than 1.5× long-term debt plus the current portion, so invested capital uses those two lines.ROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -1.12xEBIT / PP&E · 2024-12-31Operating income / net PP&EOperating income-$66.80MoperatingIncomeNet PP&E$59.54MpropertyPlantAndEquipmentNetResult -1.12x |
| 2025 | 29.3%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&E$78.10MpropertyPlantAndEquipmentNetInventory$0.00Not reported, treated as 0Total assets$266.97MtotalAssetsInventory was not reported and is treated as zero.Result 29.3% | 0.01xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenue$884.00KtotalRevenueNet PP&E$78.10MpropertyPlantAndEquipmentNetResult 0.01x | 3.92xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapex$12.75McapitalExpendituresD&A$3.25MdepreciationAndAmortizationResult 3.92x | $2.26Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$266.97MtotalAssetsGoodwill$0.00Not reported, treated as 0Intangibles$40.00MintangibleAssetsLiabilities$59.94MtotalLiabTangible book$167.03MShares73,813,000commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Result $2.26 | -262.85xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$100.80MebitdaCapex$12.75McapitalExpendituresInterest$376.00KinterestExpenseShort-term debt$56.00KshortLongTermDebtEBITDA − capex-$113.55MPrincipal due is the current portion of debt.Result -262.85x | -$95.23MFree cash flow · 2025-12-31Reported free cash flowOperating cash flow-$82.48MtotalCashFromOperatingActivitiesCapex$12.75McapitalExpendituresFree cash flow-$95.23MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$95.23M | —ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$113.56MoperatingIncomeTax expense-$793.00KincomeTaxExpensePretax income-$104.43MincomeBeforeTaxTax rate—Equity$207.03MtotalStockholderEquityDebt$1.63MlongTermDebt + shortLongTermDebtCash$144.74McashAndShortTermInvestmentsInvested capital$63.92MReported total debt was more than 1.5× long-term debt plus the current portion, so invested capital uses those two lines.ROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -1.45xEBIT / PP&E · 2025-12-31Operating income / net PP&EOperating income-$113.56MoperatingIncomeNet PP&E$78.10MpropertyPlantAndEquipmentNetResult -1.45x |
- Inventory was missing and treated as zero in the physical asset ratio.
- Principal due is the current portion of debt.
Latest year inputs (2025)
Net PP&E: $78.10M
Inventory: $0.00
Total assets: $266.97M
Goodwill: $0.00
Intangibles: $40.00M
Liabilities: $59.94M
Tangible book: $167.03M
Shares: 73,813,000
Revenue: $884.00K
Capex: $12.75M
D&A: $3.25M
EBITDA: -$100.80M
Interest: $376.00K
Short-term debt: $56.00K
Free cash flow: -$95.23M
Operating income: -$113.56M
Invested capital: $63.92M
Tax rate: —