SMWBNYSEServices-Computer Programming, Data Processing, Etc.Fiscal year ends December 31
SIMILARWEB LTD.
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Mar 2, 2026
$8.65+0.30 (+3.59%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2018 to 2025
Gross margin
79.5%+2.5 pts over 5 years
Operating margin
-8.3%+12.7 pts over 5 years
Net margin
-11.7%+11.9 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +13.1% | +13.5% | +24.8% | – | |
| Gross profit | +15.2% | +17.1% | +25.5% | – | |
| Free cash flow | -54.2% | – | – | – |
Returns and balance sheet
8 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2018 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 16.0% | -129.6% | |
| Return on assets | – | – | -13.1% | |
| Current ratio | – | 0.81 | 0.76 | |
| Interest coverage | – | -11.7× | – | |
| Capex to revenue | – | 0.8% | 0.5% | |
| Diluted shares | – | 14M | 85M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Similarweb generated $121.55M from operations and spent $35.05M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$121.55M
Used
$35.05M
Capital expenditure$35.05M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-11.7%
×Asset turnover1.12×
×Equity multiplier9.92×
=Return on equity, FY2025-129.6%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -11.7% | 1.12× | 9.92× | -129.6% |
| FY2024 | -4.6% | 1.04× | 11.19× | -53.2% |
| FY2023 | -13.5% | 0.90× | 12.94× | -156.7% |
| FY2022 | -43.3% | 0.82× | 4.43× | -156.6% |
| FY2021 | -50.1% | 0.83× | -5.50× | 229.4% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$32.94M
- Cash generatingOperating cash flow above zero$14.64M
- Return on assets improvedROA up on the prior year-4.8% → -13.6%
- Earnings backed by cashOperating cash flow above net income$14.64M vs -$32.94M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose0.80 → 0.76
- No dilutionShare count did not rise81M → 85M
- Gross margin improvedGross margin up on the prior year78.07% → 79.55%
- More efficientAsset turnover rose1.05 → 1.16