Last 48 quarters of trend data · Technology · Communication Equipment
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
EV/EBITDA has expanded 290.0% YoY to 44.7x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -27.56 | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 1.17 | 0.88 | 0.60 | 0.67 | 0.67 | 0.70 | 0.68 | 0.51 | 0.46 | 0.47 | 0.64 | 0.59 | 0.63 |
| — | +26.2% | -12.2% | +30.1% | +47.0% | +47.7% | +6.1% | -13.2% | -27.2% | -50.6% | -37.4% | -43.6% | -50.3% | |
| P/B Ratio | 2.41 | 1.99 | 1.34 | 1.38 | 1.25 | 1.23 | 1.20 | 0.74 | 0.63 | 0.61 | 0.55 | 0.58 | 1.05 |
| — | +61.6% | +11.6% | +86.7% | +99.1% | +103.7% | +118.0% | +27.5% | -40.4% | -38.4% | -51.0% | -52.1% | -57.9% | |
| P/FCF | 12.93 | 48.91 | 5.68 | 44.43 | 9.76 | 4.85 | — | 5.04 | 26.57 | 4.62 | — | — | — |
| — | +909.3% | — | +781.9% | -63.3% | +5.0% | — | — | — | — | — | — | — | |
| EV / EBITDA | 18.42 | 44.73 | 7.59 | — | 20.52 | 11.47 | 26.85 | — | — | — | — | — | — |
| — | +290.0% | -71.7% | — | — | — | — | — | — | — | — | — | — | |
| EV / EBIT | — | — | 12.61 | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
ADTRAN Holdings, Inc.'s operating margin was 2.2% in Q1 2026, up 0.7 pp QoQ and up 3.8 pp YoY. This marks the 4th consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of -0.6% lags the current quarter, suggesting the recent improvement is above-trend.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 38.3% | 39.5% | 39.0% | 38.3% | 37.3% | 38.4% | 37.6% | 37.4% | 36.1% | 31.1% | 34.8% | 27.3% | 28.3% |
| — | +2.8% | +3.8% | +2.4% | +3.4% | +23.6% | +8.0% | +37.3% | +27.7% | +14.7% | +16.1% | -9.9% | -22.2% | |
| Operating Margin | -1.4% | 2.2% | 1.5% | -1.0% | -5.0% | -1.6% | -6.2% | -10.5% | -17.0% | -153.1% | -16.7% | -32.8% | -13.6% |
| — | +239.1% | +124.6% | +90.5% | +70.4% | +99.0% | +62.6% | +67.9% | -24.3% | -897.1% | -81.8% | -132.7% | -388.4% | |
| Net Margin | -4.2% | 1.7% | -1.2% | -3.7% | -7.7% | -4.5% | -18.9% | -13.7% | -22.1% | -146.2% | -48.8% | -26.7% | -11.9% |
| — | +136.6% | +93.5% | +73.2% | +64.9% | +96.9% | +61.2% | +48.6% | -84.8% | -1081.8% | -549.3% | -117.0% | -1058.7% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -8.5% | 0.9% | -0.7% | -1.8% | -3.6% | -2.0% | -7.7% | -4.8% | -7.3% | -37.7% | -10.2% | -7.7% | -3.8% |
| — | +145.8% | +91.3% | +61.8% | +50.3% | +94.6% | +23.7% | +37.0% | -90.8% | -1106.1% | -425.0% | -40.0% | -721.7% | |
| ROA | -3.8% | 0.4% | -0.3% | -0.8% | -1.7% | -1.0% | -3.8% | -2.4% | -3.8% | -22.0% | -6.4% | -4.0% | -2.0% |
| — | +141.8% | +92.1% | +65.3% | +55.3% | +95.7% | +41.6% | +39.3% | -86.1% | -965.9% | -412.7% | -16.7% | -673.0% | |
| ROIC | -1.7% | 0.7% | 0.5% | -0.3% | -1.5% | -0.4% | -1.6% | -2.4% | -3.6% | -25.7% | -2.3% | -6.3% | -3.0% |
| — | +268.2% | +131.5% | +87.1% | +59.4% | +98.3% | +32.7% | +62.7% | -20.4% | -823.1% | -19.9% | -32.6% | -261.0% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
ADTRAN Holdings, Inc.'s Debt/EBITDA ratio is 34.3x, up from 8.8x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 12.4% YoY to 1.77x, tightening the short-term liquidity position.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.47 | 0.43 | 0.47 | 0.45 | 0.38 | 0.39 | 0.39 | 0.34 | 0.33 | 0.31 | 0.22 | 0.21 | 0.30 |
| — | +11.9% | +20.4% | +32.3% | +16.0% | +22.4% | +75.5% | +61.6% | +11.0% | +87.2% | +103.1% | +83.0% | — | |
| Debt / EBITDA | 3.18 | 34.25 | 8.82 | — | 21.63 | 12.28 | 29.00 | — | — | — | — | — | — |
| — | +179.0% | -69.6% | — | — | — | — | — | — | — | — | — | — | |
| Current Ratio | 1.76 | 1.77 | 1.76 | 1.96 | 1.96 | 2.02 | 2.04 | 2.10 | 2.31 | 2.46 | 2.62 | 2.73 | 2.75 |
| — | -12.4% | -14.0% | -6.5% | -15.0% | -18.2% | -22.0% | -23.3% | -16.0% | -4.6% | +27.1% | +63.9% | +28.2% | |
| Quick Ratio | 1.16 | 1.18 | 1.76 | 1.23 | 1.19 | 1.18 | 1.15 | 1.17 | 1.31 | 1.33 | 1.30 | 1.42 | 1.40 |
| — | +0.3% | +52.6% | +5.6% | -9.7% | -10.9% | -11.6% | -17.9% | -6.1% | -3.0% | +22.6% | +62.6% | +20.1% | |
| Interest Coverage | -0.62 | 1.50 | 1.13 | -0.19 | -2.78 | -0.96 | -2.82 | -4.01 | -5.50 | -74.44 | -8.61 | -19.46 | -9.97 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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ADTRAN Holdings, Inc.'s current P/E is -27.6x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
ADTRAN Holdings, Inc.'s current operating margin is -1.4%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking ADTRAN Holdings, Inc.'s business trajectory between earnings reports.