Eton Pharmaceuticals, Inc.

ETON Healthcare Drug Manufacturers Specialty & Generic

Eton Pharmaceuticals, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $80.0 million, up 104.9% from fiscal 2024. In the quarter to June 2026, revenue grew 98.6%, EPS grew 520.0%, free cash flow fell 8.78% and total debt fell 7.54%, each against the same quarter a year earlier. Revenue growth for three consecutive years.

50.40 0.93 −1.81%
Market cap
$1.5B
P/E
107×
Fwd P/E
40.3×
Dividend yield
—
F-score
5/9
Altman Z
3.55
Beneish M
−2.24
Dividend safety
n/a

Eton Pharmaceuticals, Inc. (ETON) EV/Sales

Alert me on EV/Sales

As of 16 October 2026, Eton Pharmaceuticals, Inc. (ETON) trades at a EV/Sales of 13.2×. Over the past ten years it has ranged from 0.0× (June 2020) to 5,059× (February 2021); the current reading is higher than 86% of that period. That is above the Drug Manufacturers Specialty & Generic industry median of 2.7× and above the Healthcare sector median of 3.4×.

EV/Sales, daily

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Annual newest first

Period EV/Sales Change
FY2025 5.7× (38.37%)
FY2024 9.3× 178.73%
FY2023 3.3× 13.28%
FY2022 3.0× (35.76%)
FY2021 4.6× (99.89%)
FY2020 4,014× —
FY2019 0.0× —

Quarterly newest first

Period EV/Sales Change
Jun 2026 9.5× 20.48%
Mar 2026 7.9× 36.96%
Dec 2025 5.7× (30.02%)
Sep 2025 8.2× 23.17%
24 more quarters

Against its own ten years

Low 0.0× High 5,059×
Ten-year median 4.2×
Current reading's percentile 83

EV/Sales against peers

Company EV/Sales
PAHC Phibro Animal Health Corporation compare 1.5×
ANIP ANI Pharmaceuticals, Inc. compare 1.8×
AMPH Amphastar Pharmaceuticals, Inc. compare 2.0×
CRON Cronos Group Inc. compare 2.3×
PCRX Pacira BioSciences, Inc. compare 2.3×
BCRX BioCryst Pharmaceuticals, Inc. compare 2.6×
HROW Harrow, Inc. compare 4.5×
XERS Xeris Biopharma Holdings, Inc. compare 5.7×
ETON Eton Pharmaceuticals, Inc. 13.2×
Drug Manufacturers Specialty & Generic industry median 2.7×
Healthcare sector median 3.4×
Market median 2.1×

What EV/Sales is

EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ Revenue (TTM)

The full definition of EV/Sales →

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