BKV Corp key statistics and ratios

In fiscal 2025, BKV Corp had return on equity of 10.3%, an operating margin of 26.6%, debt equal to 66.9% of equity and a current ratio of 0.91. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

BKV Corp: financial ratios, annual
Fiscal year	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Operating margin	18.3%	18.5%	−6.2%	26.6%	34.0%
Net margin	24.7%	9.5%	−13.4%	15.7%	19.5%
Free-cash-flow margin	21.0%	4.5%	1.0%	−2.2%	−1.3%
Return on equity	39.6%	10.6%	−9.9%	10.3%	12.8%
Return on assets	—	4.6%	−4.8%	5.1%	6.7%
Asset turnover	—	0.49	0.36	0.32	0.34
Current ratio	—	0.76	0.99	0.91	1.15
Debt to equity	0.0%	54.7%	57.3%	66.9%	62.1%
Effective tax rate	13.3%	18.6%	—	16.4%	19.3%
Capital spending as % of revenue	0.0%	15.5%	10.2%	26.7%	26.7%
Free cash flow ÷ net income	85.1%	47.6%	—	−13.8%	−6.6%
Dividends and buybacks ÷ free cash flow	—	1.0%	0.0%	—	—

US$ thousands unless shown otherwise. Fiscal quarters.

BKV Corp: financial ratios, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Operating margin	−15.7%	5.6%	−36.7%	60.1%	41.2%	37.0%	22.8%	37.7%
Net margin	9.6%	−8.6%	−30.1%	40.1%	38.5%	15.1%	11.7%	23.5%
Free-cash-flow margin	9.2%	−1.9%	−15.1%	8.5%	−8.7%	2.2%	−9.2%	7.1%
Current ratio	0.90	0.99	0.41	0.56	0.85	0.91	1.31	1.15
Debt to equity	11.9%	57.3%	13.5%	12.6%	27.1%	57.3%	57.2%	54.4%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

2 of 5 checks passed · June 30, 2026

What it owns · $4.2bn

Short-term assets $458mLonger-term assets $3.8bn

What it owes, and who funded it · $4.1bn

Short-term liabilities $399mLonger-term liabilities $1.4bnShareholders' equity $2.3bn

Short-term assets cover short-term liabilities $458m of assets due within a year against $399m of liabilities due within a year.
Short-term assets cover long-term liabilities $458m short-term assets against $1.4bn of longer-dated liabilities.
More cash than debt $152m of cash against $1.2bn of debt.
Debt below 40% of shareholders' equity Debt is 54% of equity.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt $356m of operating cash flow against $1.2bn of debt.
Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From BKV Corp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from BKV Corp's SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to BKV Corp.