# Keel Infrastructure Corp. (KEEL) fundamentals

Data as of 2026-11-04. NASDAQ, United States. Sector: Technology / IT Services. Price $2.19, market value $1.4 billion.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Keel Infrastructure Corp. reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 7.2×**. Each dollar of revenue is priced at 7.2×.
- **Price / book: 4.1×**. The shares trade at 4.1× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: -30.3%** (5-yr avg -118.8%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.

## Profitability
- **Gross margin: -70.7%**. Keel Infrastructure Corp. keeps -70.7% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: -146.1%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: -124.1%**. The company reported a net loss over the last twelve months.
- **Return on equity: -50.8%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -40.7%**. Return on all capital, debt included, is -40.7%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -27.5%**. Each dollar of assets produces -27.5% of profit.

## Growth
- **Revenue growth (1 yr): 72.0%** (3-yr 17.2%/yr, 5-yr 45.9%/yr). Revenue grew 72.0% over the last year, against 45.9% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): -642.9%**. Earnings per share fell 642.9%, slower than revenue, so margins compressed.

## Financial health
- **Debt to equity: 1.22**. Debt is 1.22 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Net debt / EBITDA: net cash**. Keel Infrastructure Corp. holds more cash than debt.
- **Interest coverage: -18.5×**. Operating profit covers interest only -18.5×: fragile.
- **Current ratio: 5.58** (quick 5.52). Current assets cover the next year's liabilities 5.58 times.
- **Altman Z-score: 2.13**. A Z-score of 2.13 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 2/9**. 2 of 9 checks pass: weak or deteriorating financials.

## Dividends
- **Dividend: none**. Keel Infrastructure Corp. does not currently pay a dividend.

## Analyst view
- **Analyst consensus: strong_buy** (11 analysts). 11 analysts cover Keel Infrastructure Corp.; the consensus is strong_buy, with an average price target of $6.14 (+180% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -52.4%** (YTD -19.6%, 3-mo -55.0%). The shares are down 52.4% over twelve months including dividends.
- **From 52-week high: -70.3%** (30.4% above the low). Trading 70% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 27**. An RSI of 27 is oversold; bounces are common, but oversold can stay oversold in a real decline.
- **Beta (1 yr): 4.40** (volatility 103%). Beta of 4.40 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=KEEL · Page: https://foliofundamentals.com/stocks/keel

Not investment advice.