AST SpaceMobile, Inc. (ASTS) Stock Analysis

Analysis from 10-Q filed 2025-11-10. Data as of Q2 2026.

Overall Grade: F (Concerning)

Grade F (Concerning). ROIC -15.0%. FCF margin -1506.1%. D/E 1.2x. Source: 10-Q filed 2025-11-10.

Metric	Value	Context
ROIC	-15.0%	Below expectations
FCF Margin	-1506.1%	Cash flow pressure
Debt/Equity	1.2x	Moderate leverage

ROIC -15.0% — Top 5% of sector peers. FCF margin -1506.1% — Top 5%.

Explore AST SpaceMobile, Inc.: Earnings History | Filings

Programmatic access: Available via MCP at mcp.metricduck.com. Tools for ASTS: get_company_overview, get_filing_index (lens: debt_stress, management_outlook, risk_trajectory), get_filing_changes, get_metric_history, compare_companies, screen_filing_signals.

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Profitability: AST SpaceMobile, Inc. earns -15.0% ROIC, Top 5% in Communication Services

ROIC TTM -15.0%, sector median 2.8%, Top 5%. DuPont: NOPAT margin -522.9% × asset turnover 0.0x. Operating margin -519.5%. Source: 10-Q filed 2025-11-10.

Metric	ASTS	Rating	Context
Return on Invested Capital (ROIC)	-15.0%	Red flag	Below sector median of 2.8%
Return on Equity (ROE)	-29.3%	Red flag	Moderate equity returns
Operating Margin	-519.5%	Warning	Moderate operational efficiency

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Cash Flow: AST SpaceMobile, Inc. generates $-1.7B FCF at -1506.1% margin, positive NaN/8 quarters

FCF TTM $-1.7B. FCF margin -1506.1%, Top 5%. OCF/Net income 0.2x. Positive FCF in NaN/8 trailing quarters. Source: 10-Q filed 2025-11-10.

Metric	ASTS	Rating	Context
Free Cash Flow Margin	-1506.1%	Red flag	Thin cash margins
Free Cash Flow (TTM)	$-1.7B	Red flag	Cash burn
OCF/Net Income	0.2x	Warning	Potential accrual concerns
FCF Consistency (8Q)	N/A	Warning	Variable cash flow

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Balance Sheet: AST SpaceMobile, Inc. at 1.2x leverage

Debt/Equity 1.2x. Net cash $1.6B. Source: 10-Q filed 2025-11-10.

Metric	ASTS	Rating	Context
Debt to Equity	1.2x	Adequate	Moderate leverage
Net Cash Position	$1.6B	Excellent	Net cash positive

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Valuation: AST SpaceMobile, Inc. trades at -53.4x earnings

P/E -53.4x. EV/Sales 204.4x. FCF yield -5.3%. Source: 10-Q filed 2025-11-10.

Metric	ASTS	Rating	Context
P/E Ratio	-53.4x	Red flag	Reasonable valuation
EV/Sales	204.4x	Warning	Growth premium priced in
FCF Yield	-5.3%	Warning	Lower cash yield

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Capital Allocation: AST SpaceMobile, Inc. returns 0.0% shareholder yield

Total shareholder yield 0.0%. Capital returned $0 TTM. Source: 10-Q filed 2025-11-10.

Metric	ASTS	Rating	Context
Total Shareholder Yield	0.0%	Warning	Dividend + buyback yield combined
Total Capital Returned (TTM)	$0	Adequate	Dividends + buybacks returned to shareholders

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Sector Rankings

Metric	Value	Percentile	vs Median
Return on Invested Capital (ROIC)	-15.0%	Top 5%	-5.4x below
Free Cash Flow Margin	-1506.1%	Top 5%	-516.2x below
Operating Margin	-519.5%	Top 5%	-106.9x below
Return on Equity (ROE)	-29.3%	Bottom 50%	-

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Financial Scorecard

Metric	ASTS	Rating	Sector Context
Return on Invested Capital (ROIC)	-15.0%	Red flag	Top 5% of sector (median: 2.8%)
Free Cash Flow Margin	-15.1x	Red flag	Top 5% of sector (median: 2.9%)
Debt to Equity Ratio	124.0%	Adequate	Elevated but manageable
Free Cash Flow Yield	-5.3%	Red flag	Growth-focused valuation

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Frequently Asked Questions

Q: What is AST SpaceMobile, Inc.'s Return on Invested Capital (ROIC)?

AST SpaceMobile, Inc. (ASTS) has a trailing twelve-month Return on Invested Capital (ROIC) of -15.0%. Sector median 2.8%. Source: 10-Q filed 2025-11-10.

Q: What is AST SpaceMobile, Inc.'s Free Cash Flow Margin?

AST SpaceMobile, Inc. (ASTS) has a free cash flow margin of -1506.1%, generating $-1.7 billion in free cash flow over the trailing twelve months. Source: 10-Q filed 2025-11-10.

Q: What is AST SpaceMobile, Inc.'s P/E ratio and how does it compare to peers?

AST SpaceMobile, Inc. (ASTS) trades at a P/E ratio of -53.4x, which is above the sector median of N/A. EV/Sales 204.4x. Source: 10-Q filed 2025-11-10.

Q: How much debt does AST SpaceMobile, Inc. have?

AST SpaceMobile, Inc. (ASTS) has a debt-to-equity ratio of 1.2x with total debt of $3.0 billion. Net cash position $1.6 billion. Source: 10-Q filed 2025-11-10.

Q: What is AST SpaceMobile, Inc.'s revenue and earnings growth?

AST SpaceMobile, Inc. (ASTS) grew revenue by 2253.0% year-over-year. EPS -25.4% YoY. Source: 10-Q filed 2025-11-10.

Q: Is AST SpaceMobile, Inc. buying back stock?

AST SpaceMobile, Inc. (ASTS) repurchased $405.8 million of stock over the trailing twelve months. This represents a buyback yield of 1.7%. Source: 10-Q filed 2025-11-10.

Q: How does AST SpaceMobile, Inc. compare to competitors in Communication Services?

Compared to other companies in Communication Services, AST SpaceMobile, Inc. (ASTS) shows: ROIC -15.0%, sector median 2.8% (Top 5%). FCF margin -1506.1%, sector median 2.9% (Top 5%). These rankings are based on MetricDuck's analysis of all Communication Services companies with available SEC filings.

Q: What warning signs should I watch for with AST SpaceMobile, Inc.?

Quantitative warning flags for AST SpaceMobile, Inc. (ASTS): 1) FCF margin -1506.1% (below 5%). Source: 10-Q filed 2025-11-10.

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Data Source: Data sourced from 10-Q filed 2025-11-10. TTM metrics as of Q2 2026.

Methodology: Financial metrics calculated from SEC 10-K and 10-Q filings using standardized formulas. Sector comparisons use peer group based on SIC code.

Scope: This analysis covers SEC filing fundamentals — profitability, cash flow, balance sheet, and valuation metrics. For analyst estimates and price targets, consult sell-side research.

This analysis is for informational purposes only and does not constitute investment advice.