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.
1Stdibs.Com Inc
Physical assets are 14.7% of total assets, a light footprint. Capex is 0.14x depreciation and free cash flow yield is weak, which fits a cash drain on aging assets.
Technology and communication names are often asset-light, with fixed-asset turnover above 5x. This name is at 4.62x.
Physical asset ratio
14.7%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&E$19.40MpropertyPlantAndEquipmentNetInventory$0.00Not reported, treated as 0Total assets$132.11MtotalAssetsInventory was not reported and is treated as zero.Result 14.7%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
4.62xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenue$89.62MtotalRevenueNet PP&E$19.40MpropertyPlantAndEquipmentNetResult 4.62x
Revenue per dollar of the physical asset base.
Capex / D&A
0.14xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapex$763.00KcapitalExpendituresD&A$5.30MdepreciationAndAmortizationResult 0.14x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
$2.47Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$132.11MtotalAssetsGoodwill$4.31MgoodWillIntangibles$0.00Not reported, treated as 0Liabilities$38.53MtotalLiabTangible book$89.28MShares36,096,469commonStockSharesOutstandingIntangibles were not reported and are treated as zero.Result $2.47
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
2.00xPrice / tangible bookPrice / tangible book per sharePrice$4.94Latest quoteTangible book / share$2.472025-12-31Result 2.00x
Price $4.94.
Fixed-charge coverage
—Fixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$8.27MebitdaCapex$763.00KcapitalExpendituresInterest—Not reportedShort-term debt$4.45MshortTermDebtEBITDA − capex-$9.03MPrincipal due is short-term debt.Result —
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
-2.0%Free cash flow yield · 2025-12-31Latest free cash flow / current market capFree cash flow-$3.20MfreeCashFlowMarket cap$159.34MMarketCapitalizationResult -2.0%
Latest free cash flow divided by current market cap ($159.34M).
ROIC
—ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$18.16MoperatingIncomeTax expense$98.00KincomeTaxExpensePretax income-$13.57MincomeBeforeTaxTax rate—Equity$93.58MtotalStockholderEquityDebt$18.59MshortLongTermDebtTotalCash$95.04McashAndShortTermInvestmentsInvested capital$17.13MROIC 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 -0.94x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2019 | 12.4%Physical asset ratio · 2019-12-31(Net PP&E + inventory) / total assetsNet PP&E$9.13MpropertyPlantEquipmentInventory$1.86MinventoryTotal assets$88.74MtotalAssetsResult 12.4% | 7.73xFixed asset turnover · 2019-12-31Revenue / net PP&ERevenue$70.57MtotalRevenueNet PP&E$9.13MpropertyPlantEquipmentResult 7.73x | 1.18xCapex / D&A · 2019-12-31Capital expenditures / depreciation and amortizationCapex$6.10McapitalExpendituresD&A$5.15MdepreciationAndAmortizationResult 1.18x | -$6.09Tangible book / share · 2019-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$88.74MtotalAssetsGoodwill$7.18MgoodWillIntangibles$1.55MintangibleAssetsLiabilities$307.96MtotalLiabTangible book-$227.95MShares37,458,525commonStockSharesOutstandingResult -$6.09 | -2.78xFixed-charge coverage · 2019-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$24.58MebitdaCapex$6.10McapitalExpendituresInterest$536.00KinterestExpenseShort-term debt$10.50MshortTermDebtEBITDA − capex-$30.68MPrincipal due is short-term debt.Result -2.78x | -$24.57MFree cash flow · 2019-12-31Reported free cash flowOperating cash flow-$18.47MtotalCashFromOperatingActivitiesCapex$6.10McapitalExpendituresFree cash flow-$24.57MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$24.57M | —ROIC · 2019-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$31.18MoperatingIncomeTax expense-$409.00KincomeTaxExpensePretax income-$30.26MincomeBeforeTaxTax rate—Equity-$219.22MtotalStockholderEquityDebt—Not reportedCash$55.47McashInvested capital—ROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -3.41xEBIT / PP&E · 2019-12-31Operating income / net PP&EOperating income-$31.18MoperatingIncomeNet PP&E$9.13MpropertyPlantEquipmentResult -3.41x |
| 2020 | 10.4%Physical asset ratio · 2020-12-31(Net PP&E + inventory) / total assetsNet PP&E$5.14MpropertyPlantEquipmentInventory$3.29MinventoryTotal assets$81.34MtotalAssetsResult 10.4% | 15.94xFixed asset turnover · 2020-12-31Revenue / net PP&ERevenue$81.86MtotalRevenueNet PP&E$5.14MpropertyPlantEquipmentResult 15.94x | 0.30xCapex / D&A · 2020-12-31Capital expenditures / depreciation and amortizationCapex$1.83McapitalExpendituresD&A$6.02MdepreciationAndAmortizationResult 0.30x | -$6.74Tangible book / share · 2020-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$81.34MtotalAssetsGoodwill$7.21MgoodWillIntangibles$1.35MintangibleAssetsLiabilities$325.29MtotalLiabTangible book-$252.51MShares37,458,525commonStockSharesOutstandingResult -$6.74 | -0.56xFixed-charge coverage · 2020-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$6.48MebitdaCapex$1.83McapitalExpendituresInterest$14.00KinterestExpenseShort-term debt$14.93MshortTermDebtEBITDA − capex-$8.31MPrincipal due is short-term debt.Result -0.56x | -$5.27MFree cash flow · 2020-12-31Reported free cash flowOperating cash flow-$3.44MtotalCashFromOperatingActivitiesCapex$1.83McapitalExpendituresFree cash flow-$5.27MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$5.27M | —ROIC · 2020-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$13.51MoperatingIncomeTax expense$11.00KincomeTaxExpensePretax income-$12.52MincomeBeforeTaxTax rate—Equity-$243.95MtotalStockholderEquityDebt—Not reportedCash$54.86McashInvested capital—ROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -2.63xEBIT / PP&E · 2020-12-31Operating income / net PP&EOperating income-$13.51MoperatingIncomeNet PP&E$5.14MpropertyPlantEquipmentResult -2.63x |
| 2021 | 4.4%Physical asset ratio · 2021-12-31(Net PP&E + inventory) / total assetsNet PP&E$4.46MpropertyPlantEquipmentInventory$3.95MinventoryTotal assets$192.25MtotalAssetsResult 4.4% | 23.04xFixed asset turnover · 2021-12-31Revenue / net PP&ERevenue$102.73MtotalRevenueNet PP&E$4.46MpropertyPlantEquipmentResult 23.04x | 0.72xCapex / D&A · 2021-12-31Capital expenditures / depreciation and amortizationCapex$2.24McapitalExpendituresD&A$3.11MdepreciationAndAmortizationResult 0.72x | $3.92Tangible book / share · 2021-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$192.25MtotalAssetsGoodwill$7.20MgoodWillIntangibles$1.16MintangibleAssetsLiabilities$34.82MtotalLiabTangible book$149.07MShares37,991,529commonStockSharesOutstandingResult $3.92 | -0.86xFixed-charge coverage · 2021-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$17.81MebitdaCapex$2.24McapitalExpendituresInterest$16.00KinterestExpenseShort-term debt$23.17MshortTermDebtEBITDA − capex-$20.05MPrincipal due is short-term debt.Result -0.86x | -$6.64MFree cash flow · 2021-12-31Reported free cash flowOperating cash flow-$4.40MtotalCashFromOperatingActivitiesCapex$2.24McapitalExpendituresFree cash flow-$6.64MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$6.64M | —ROIC · 2021-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$22.44MoperatingIncomeTax expense$21.00KincomeTaxExpensePretax income-$20.94MincomeBeforeTaxTax rate—Equity$157.44MtotalStockholderEquityDebt—Not reportedCash$168.23McashInvested capital—ROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -5.03xEBIT / PP&E · 2021-12-31Operating income / net PP&EOperating income-$22.44MoperatingIncomeNet PP&E$4.46MpropertyPlantEquipmentResult -5.03x |
| 2022 | 15.7%Physical asset ratio · 2022-12-31(Net PP&E + inventory) / total assetsNet PP&E$25.68MpropertyPlantAndEquipmentNetInventory$5.01MinventoryTotal assets$195.80MtotalAssetsResult 15.7% | 3.77xFixed asset turnover · 2022-12-31Revenue / net PP&ERevenue$96.85MtotalRevenueNet PP&E$25.68MpropertyPlantAndEquipmentNetResult 3.77x | 0.23xCapex / D&A · 2022-12-31Capital expenditures / depreciation and amortizationCapex$1.96McapitalExpendituresD&A$8.64MdepreciationAndAmortizationResult 0.23x | $3.74Tangible book / share · 2022-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$195.80MtotalAssetsGoodwill$4.08MgoodWillIntangibles$3.00KintangibleAssetsLiabilities$47.77MtotalLiabTangible book$143.94MShares38,479,437commonStockSharesOutstandingResult $3.74 | -6.91xFixed-charge coverage · 2022-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$17.24MebitdaCapex$1.96McapitalExpendituresInterest$11.00KinterestExpenseShort-term debt$2.77MshortTermDebtEBITDA − capex-$19.20MPrincipal due is short-term debt.Result -6.91x | -$29.88MFree cash flow · 2022-12-31Reported free cash flowOperating cash flow-$27.91MtotalCashFromOperatingActivitiesCapex$1.96McapitalExpendituresFree cash flow-$29.88MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$29.88M | —ROIC · 2022-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$25.88MoperatingIncomeTax expense-$37.00KincomeTaxExpensePretax income-$22.50MincomeBeforeTaxTax rate—Equity$148.02MtotalStockholderEquityDebt$24.45MshortLongTermDebtTotalCash$153.21McashInvested capital$19.26MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -1.01xEBIT / PP&E · 2022-12-31Operating income / net PP&EOperating income-$25.88MoperatingIncomeNet PP&E$25.68MpropertyPlantAndEquipmentNetResult -1.01x |
| 2023 | 11.3%Physical asset ratio · 2023-12-31(Net PP&E + inventory) / total assetsNet PP&E$23.04MpropertyPlantAndEquipmentNetInventory-$2.67MinventoryTotal assets$180.82MtotalAssetsResult 11.3% | 3.68xFixed asset turnover · 2023-12-31Revenue / net PP&ERevenue$84.68MtotalRevenueNet PP&E$23.04MpropertyPlantAndEquipmentNetResult 3.68x | 0.37xCapex / D&A · 2023-12-31Capital expenditures / depreciation and amortizationCapex$1.79McapitalExpendituresD&A$4.87MdepreciationAndAmortizationResult 0.37x | $3.21Tangible book / share · 2023-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$180.82MtotalAssetsGoodwill$4.12MgoodWillIntangibles$2.70MintangibleAssetsLiabilities$46.53MtotalLiabTangible book$127.47MShares39,724,697commonStockSharesOutstandingResult $3.21 | -6.31xFixed-charge coverage · 2023-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$17.81MebitdaCapex$1.79McapitalExpendituresInterest$0.00interestExpenseShort-term debt$3.11MshortTermDebtEBITDA − capex-$19.61MPrincipal due is short-term debt.Result -6.31x | -$15.35MFree cash flow · 2023-12-31Reported free cash flowOperating cash flow-$13.56MtotalCashFromOperatingActivitiesCapex$1.79McapitalExpendituresFree cash flow-$15.35MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$15.35M | —ROIC · 2023-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$31.03MoperatingIncomeTax expense$14.00KincomeTaxExpensePretax income-$22.69MincomeBeforeTaxTax rate—Equity$134.29MtotalStockholderEquityDebt$21.92MshortLongTermDebtTotalCash$139.32McashAndShortTermInvestmentsInvested capital$16.89MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -1.35xEBIT / PP&E · 2023-12-31Operating income / net PP&EOperating income-$31.03MoperatingIncomeNet PP&E$23.04MpropertyPlantAndEquipmentNetResult -1.35x |
| 2024 | 16.0%Physical asset ratio · 2024-12-31(Net PP&E + inventory) / total assetsNet PP&E$23.29MpropertyPlantAndEquipmentNetInventory$0.00Not reported, treated as 0Total assets$145.76MtotalAssetsInventory was not reported and is treated as zero.Result 16.0% | 3.79xFixed asset turnover · 2024-12-31Revenue / net PP&ERevenue$88.26MtotalRevenueNet PP&E$23.29MpropertyPlantAndEquipmentNetResult 3.79x | 0.11xCapex / D&A · 2024-12-31Capital expenditures / depreciation and amortizationCapex$618.00KcapitalExpendituresD&A$5.41MdepreciationAndAmortizationResult 0.11x | $2.46Tangible book / share · 2024-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$145.76MtotalAssetsGoodwill$4.23MgoodWillIntangibles$2.00MintangibleAssetsLiabilities$46.45MtotalLiabTangible book$93.07MShares37,820,000commonStockSharesOutstandingResult $2.46 | -3.30xFixed-charge coverage · 2024-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$13.18MebitdaCapex$618.00KcapitalExpendituresInterest$0.00interestExpenseShort-term debt$4.19MshortTermDebtEBITDA − capex-$13.80MPrincipal due is short-term debt.Result -3.30x | -$3.53MFree cash flow · 2024-12-31Reported free cash flowOperating cash flow-$2.91MtotalCashFromOperatingActivitiesCapex$618.00KcapitalExpendituresFree cash flow-$3.53MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$3.53M | —ROIC · 2024-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$26.22MoperatingIncomeTax expense$44.00KincomeTaxExpensePretax income-$18.59MincomeBeforeTaxTax rate—Equity$99.31MtotalStockholderEquityDebt$22.16MshortLongTermDebtTotalCash$103.88McashAndShortTermInvestmentsInvested capital$17.58MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -1.13xEBIT / PP&E · 2024-12-31Operating income / net PP&EOperating income-$26.22MoperatingIncomeNet PP&E$23.29MpropertyPlantAndEquipmentNetResult -1.13x |
| 2025 | 14.7%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&E$19.40MpropertyPlantAndEquipmentNetInventory$0.00Not reported, treated as 0Total assets$132.11MtotalAssetsInventory was not reported and is treated as zero.Result 14.7% | 4.62xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenue$89.62MtotalRevenueNet PP&E$19.40MpropertyPlantAndEquipmentNetResult 4.62x | 0.14xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapex$763.00KcapitalExpendituresD&A$5.30MdepreciationAndAmortizationResult 0.14x | $2.47Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$132.11MtotalAssetsGoodwill$4.31MgoodWillIntangibles$0.00Not reported, treated as 0Liabilities$38.53MtotalLiabTangible book$89.28MShares36,096,469commonStockSharesOutstandingIntangibles were not reported and are treated as zero.Result $2.47 | —Fixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA-$8.27MebitdaCapex$763.00KcapitalExpendituresInterest—Not reportedShort-term debt$4.45MshortTermDebtEBITDA − capex-$9.03MPrincipal due is short-term debt.Result — | -$3.20MFree cash flow · 2025-12-31Reported free cash flowOperating cash flow-$2.44MtotalCashFromOperatingActivitiesCapex$763.00KcapitalExpendituresFree cash flow-$3.20MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$3.20M | —ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$18.16MoperatingIncomeTax expense$98.00KincomeTaxExpensePretax income-$13.57MincomeBeforeTaxTax rate—Equity$93.58MtotalStockholderEquityDebt$18.59MshortLongTermDebtTotalCash$95.04McashAndShortTermInvestmentsInvested capital$17.13MROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -0.94xEBIT / PP&E · 2025-12-31Operating income / net PP&EOperating income-$18.16MoperatingIncomeNet PP&E$19.40MpropertyPlantAndEquipmentNetResult -0.94x |
- Inventory was missing and treated as zero in the physical asset ratio.
- Principal due is short-term debt, the amount reported as due within a year.
Latest year inputs (2025)
Net PP&E: $19.40M
Inventory: $0.00
Total assets: $132.11M
Goodwill: $4.31M
Intangibles: $0.00
Liabilities: $38.53M
Tangible book: $89.28M
Shares: 36,096,469
Revenue: $89.62M
Capex: $763.00K
D&A: $5.30M
EBITDA: -$8.27M
Interest: —
Short-term debt: $4.45M
Free cash flow: -$3.20M
Operating income: -$18.16M
Invested capital: $17.13M
Tax rate: —