What does earnings yield mean?

Trailing-twelve-month net income divided by market capitalization at the quarter end — the inverse of the P/E ratio, expressed as a percentage.

Nine Energy Service NINE Earnings yield

Revenue$41.6M-72.4%

Operating income-$856.0K-115%

Net income-$1.3M+82.3%

EPS (diluted)-$0.09+50.0%

Cash & equivalents$28.4M+64.6%

Total debt$100.2M-72.3%

Total equity$134.0M+286%

Total assets$326.0M-9.2%

Operating cash flow-$2.4M+54.2%

CapEx$3.5M-12.5%

Free cash flow-$5.9M+36.3%

Market cap$166.56M+49.2%

Enterprise value$238.37M—

P/S0.4×—

Operating margin2%+0.6pp

Net margin-10%+7.0pp

FCF margin-8.9%—

Return on equity-147.1%—

Debt / equity0.7×—

Current ratio2.1×+0.1×

What does earnings yield mean?: Trailing-twelve-month net income divided by market capitalization at the quarter end — the inverse of the P/E ratio, expressed as a percentage.