|JAMF Overview
JAMF

Jamf Holding Corp.

Technology • CIK: 0001721947

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Market Cap
$1.40B
P/E (TTM)
-34.5x
Rev Growth (TTM)
+12.3%
Net Margin (TTM)
-6.0%
FCF Yield (TTM)
7.9%
FCF Margin (TTM)
16.0%

LATEST EARNINGS

Q3 FY2025
4 months ago
View source
Revenue
$183.49M
+15.2%
Net Income
$-4.51M
-63.0%
EPS
$-0.03
-70.0%
Gross
76.0% -1.4%
Operating
-1.9% +8.1%
Net
-2.5% +5.2%
  • Total revenue increased 15% year-over-year to $183.5 million.
  • ARR grew 16% year-over-year to $728.6 million.
  • Security ARR grew 44% year-over-year to $216 million, representing 30% of total ARR.
  • Non-GAAP operating income increased 68% year-over-year to $47.2 million, with margins expanding to 26%.

Cash Flow Health

Free Cash Flow7/8 positive
TTM$110M
Q3 '25
$65M+76%
Q2 '25
$37M+3529%
FCF Margin
TTM16.0%
Q3 '2535.4%+69%
Sector: 10.0%Above Avg
OCF Margin17.0%
OCF/NI-2.84x
CapEx Coverage16.9x
FCF Yield7.9%
FCF Growth (2Y)+26%
Cash Conversion Cycle
31 days
DSO: 74+DIO: 0DPO: 44

Capital Allocation & Returns

Total Shareholder YieldFY
FY0.0%
Div Yield0.0%
+
Buyback (FY)2.0%

Insufficient data

Dividend & Payout Metrics
Dividend Yield (TTM)0.0%
Free Cash Flow (TTM)$110.2M
Stock Repurchases (FY)$35.4M
Capital Return / FCF0.0%
Est. Dividends Paid (TTM)$0
Shows how management rewards shareholders

Operational Efficiency & Returns

Return on Invested CapitalTTM
-8.6%
Stable
+0.6% YoY+7.3%
P25MedianP75
25th pctl (med: 0.1%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
-5.2%
8Q: -10.7%
Asset Turnover
0.39x
8Q: 0.39x
Leverage (1+D/E)
1.00x
D/E: 0.00x
DuPont: -2.0%-8.6% ROIC
Asset & CapEx Efficiency
Fixed Asset Turn
35.77x
8Q:38.36x
+176.9%
Invested Cap Turn
1.65x
8Q:1.31x
+146.2%
CapEx Intensity
1.7%
8Q:1.3%
Asset-based ROIC formula

QUARTERLY TRENDS

Last 8 quarters + TTM

MetricTTMQ3 2025Q2 2025Q 2025Q4 2024Q 2024Q 2024Q 2024Q4 2023
Revenue
$690.6M
$183.5M4.0%
$176.5M5.3%
$167.6M2.9%
$163.0M2.3%
$159.3M4.1%
$153.0M0.6%
$152.1M1.0%
$150.6M
Operating Income
$-34.7M
$-3.4M77.2%
$-15.0M260.4%
$-4.2M65.8%
$-12.2M23.3%
$-15.9M20.6%
$-20.0M5.4%
$-21.1M4.2%
$-20.3M
Net Income
$-41.3M
$-4.5M78.4%
$-20.9M4046.1%
$529.0K103.2%
$-16.4M34.2%
$-12.2M36.5%
$-19.3M6.1%
$-20.5M17.9%
$-17.4M
Operating Cash Flow
$117.1M
$65.6M74.0%
$37.7M827.6%
$4.1M58.0%
$9.7M58.1%
$23.1M61.4%
$14.3M190.0%
$-15.9M199.9%
$15.9M
Free Cash Flow
$110.2M
$64.9M75.9%
$36.9M3529.3%
$1.0M86.1%
$7.3M61.7%
$19.2M43.7%
$13.3M175.5%
$-17.7M213.9%
$15.5M
Total Equity
N/A

Valuation Analysis

Fair Value
Price-to-EarningsTTM
-34.5x
Valuation Lenses
Earnings
-34.5x
vs sector
Cash Flow
11.8x
EV/FCF vs
Growth-Adj
PEG
N/A
Quality-Adj
P/E per %ROIC
ROIC: -8.6%
Shareholder Returns
Dividend
Buyback
Total Yield
Market Cap$1.40B
EV
Multi-angle valuation analysis with sector context

Business Quality & Moat

Overall Quality Score
12/100
Below Average

Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)

Returns on Capital

Return on Equity (ROE)Below Avg
-5.5%
8Q:
Return on Invested Capital (ROIC)Below Avg
-8.6%
8Q:
+7.3%
vs Sector:0.1%

DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)

NOPAT Margin: -5.2%
Asset Turnover: 0.39x

Earnings Quality

Cash Conversion

-2.84x

OCF / Net Income

FCF Consistency

Positive quarters

Competitive Moat Indicators

Pricing Power

Gross Margin76.8%

Capital Efficiency

Invested Capital Turnover1.65x

Working Capital

Cash Conversion Cycle31 days

Growth Quality & Momentum

Moderate Growth
Growth Quality Score
72/100
Growth 40%
Margins 30%
FCF 20%
Consistency 10%

Growth Rates

Revenue Growth YoY
12.3%
OpInc Growth YoY
78.5%
EPS Growth YoY
43.6%
FCF 3Y CAGR
26.0%

Growth Quality Analysis

Efficient Growth: Free cash flow growing faster than revenue
Sustainability Index: 7.5/10 - Highly sustainable growth

Margin Quality & Sustainability

Moderate
Profitability Cascade
Gross
76.8%
Operating
-5.0%
Below Avg in sector
Net
-6.0%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
FCF vs Net Gap
+21.9 pts
FCF: 16.0% | Net: -6.0%

Quality = stability + cash conversion + low dilution

Balance Sheet & Solvency

Fortress
Net Debt / EBITDA
Net Cash
(0.0x)Net Cash: $547.45M
Interest Coverage
+Net cash position: $547.45M
Leverage Metrics
Debt-to-Equity
0.00x
Balance sheet risk & solvency analysis