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.
SoFi Technologies Inc.
Banks, insurers, and other financials hold few plants and little inventory, so a physical-asset screen is a poor fit. The ratios below are still the latest annual figures. Capex is 1.04x depreciation and free cash flow yield is negative, so the physical base is expanding and consuming cash. EBITDA after capex covers debt service by 0.32x, which is below 1.
Fixed-asset turnover is 9.35x. Compare it with other names in the same basket.
Physical asset ratio
1.0%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
9.35x
Revenue per dollar of the physical asset base.
Capex / D&A
1.04x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
$6.78
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
2.23x
Price $15.09.
Fixed-charge coverage
0.32x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
-20.4%
Latest free cash flow divided by current market cap ($19.49B).
ROIC
9.5%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 1.03x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | -31,017.1% | 27.37x | 1.26x | -$14.86 | -0.71x | $1.01B | — | -11.56x |
| 2019 | 12.0% | 2.75x | 2.36x | $4.03 | -0.59x | -$92.32M | — | -1.49x |
| 2020 | 18.5% | 3.79x | 0.35x | $3.55 | -0.42x | -$503.89M | — | -1.66x |
| 2021 | 10.4% | 4.79x | 0.51x | $6.35 | -0.72x | -$1.40B | — | -2.12x |
| 2022 | 11.3% | 6.60x | 0.69x | $3.68 | -0.40x | -$7.36B | — | -1.19x |
| 2023 | 1.0% | 6.69x | 0.60x | $3.83 | -0.33x | -$7.35B | — | -0.98x |
| 2024 | 1.0% | 7.08x | 0.80x | $4.08 | 0.17x | -$1.28B | 9.6% | 2.33x |
| 2025 | 1.0% | 9.35x | 1.04x | $6.78 | 0.32x | -$3.98B | 9.5% | 1.03x |
- Inventory was missing and treated as zero in the physical asset ratio.
- Receivables are larger than the physical asset base, so a finance or credit book may sit outside the physical ratio and inside the debt used for coverage.
- Principal due is short-term debt, the amount reported as due within a year.
Latest year inputs (2025)
Net PP&E: $510.39M
Inventory: $0.00
Total assets: $50.66B
Goodwill: $1.39B
Intangibles: $610.10M
Liabilities: $40.17B
Tangible book: $8.49B
Shares: 1,251,767,000
Revenue: $4.77B
Capex: $242.44M
D&A: $234.15M
EBITDA: $760.01M
Interest: $1.16B
Short-term debt: $486.00M
Free cash flow: -$3.98B
Operating income: $525.86M
Invested capital: $5.06B
Tax rate: 8.5%