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Yelp YELP Return on invested capital

Return on invested capital at other companies

Meta Platforms, Inc. logo
Meta Platforms, Inc.META
27.8%-8.5pp
Nextdoor Holdings, Inc. logo
Nextdoor Holdings, Inc.NXDR
-15.5%-4.1pp
Reddit logo
RedditRDDT
36.2%+34.7pp
QuinStreet logo
QuinStreetQNST
8.9%+8.7pp
CarGurus, Inc. logo
CarGurus, Inc.CARG
47.5%+17.4pp
Alphabet Inc. logo
Alphabet Inc.GOOGL

Other financials

Income statement

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Revenue$361.5M+0.8%
Gross profit$323.0M-0.2%
Operating income$27.3M-7.3%
Net income$17.7M-27.3%
EPS (diluted)$0.30-16.7%

Balance sheet

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Cash & equivalents$110.4M-0.6%
Total debt$24.9M-25.6%
Total equity$631.1M-13.3%
Total assets$1.0B+2.9%

Cash flow

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Operating cash flow$57.8M-41.0%
CapEx$12.7M+20.2%
Free cash flow$45.2M-48.4%

Valuation

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Market cap$1.28B-41.6%
Enterprise value$1.2B-43.5%
P/E9.3×-6.1×
P/S0.9×-0.7×

Profitability

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Gross margin90%-0.8pp
Operating margin12.4%+0.6pp
Net margin9.5%-0.5pp
FCF margin19.2%+0.4pp

Returns & leverage

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Return on equity20.4%+0.7pp
Debt / equity0.0×
Current ratio1.7×-1.2×

Where this comes from

Calculated from Yelp’s reported figures.

Based on trailing twelve months.

The official record: Yelp’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Yelp's return on invested capital?
Yelp (YELP) reported return on invested capital of 21.3% in Q1 2026.
How has Yelp's return on invested capital changed year-over-year?
Yelp's return on invested capital increased by 20.0% year-over-year, from 17.8% to 21.3%.
What is the long-term trend for Yelp's return on invested capital?
Over 4 years (2021 to 2025), Yelp's return on invested capital has grown at a 54.9% compound annual growth rate (CAGR), from 3.5% to 20.2%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.