Last 48 quarters of trend data · Healthcare · Medical - Devices
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -22.45 | — | — | — | 33.25 | — | 20.20 | — | 13.58 | — | — | — | — |
| — | — | — | — | +144.8% | — | — | — | — | — | — | — | — | |
| P/S Ratio | 0.09 | 0.12 | 0.24 | 0.53 | 0.29 | 0.41 | 0.44 | 0.44 | 0.34 | 0.61 | 0.65 | 0.63 | 0.78 |
| — | -71.7% | -45.6% | +19.0% | -14.6% | -32.9% | -31.5% | -29.7% | -56.4% | -1.2% | +49.8% | +25.4% | +89.4% | |
| P/B Ratio | 0.44 | 1.16 | 1.84 | 3.21 | 1.84 | 3.71 | 4.29 | 3.99 | 4.08 | 5.96 | 5.81 | 5.16 | 6.92 |
| — | -68.8% | -57.1% | -19.5% | -54.9% | -37.8% | -26.1% | -22.6% | -41.1% | +12.7% | +52.0% | +24.5% | +101.8% | |
| P/FCF | — | — | — | 5.94 | — | 2.94 | 55.40 | — | 4.88 | — | — | — | 109.72 |
| — | — | — | — | — | — | — | — | -95.6% | — | — | — | — | |
| EV / EBITDA | 11.46 | — | — | — | 11.49 | 30.57 | 14.32 | — | 9.79 | — | — | 28.19 | 190.21 |
| — | — | — | — | +17.4% | — | — | — | -94.9% | — | — | — | +761.0% | |
| EV / EBIT | 20.46 | — | — | — | 10.65 | 39.10 | 14.57 | — | 12.07 | — | — | 51.81 | 118.65 |
| — | — | — | — | -11.8% | — | — | — | -89.8% | — | — | — | -95.6% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Accuray Incorporated's operating margin was -2.4% in Q3 2026, up 2.9 pp QoQ and down 3.4 pp YoY. This marks the 3rd consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of -4.1% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin contracted 13.6% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 32.1% | 24.1% | 23.5% | 28.3% | 30.6% | 27.9% | 36.1% | 33.9% | 28.6% | 28.7% | 33.5% | 38.0% | 31.9% |
| — | -13.6% | -34.7% | -16.7% | +6.7% | -2.9% | +7.7% | -10.7% | -10.1% | -12.3% | -10.6% | +6.0% | -18.5% | |
| Operating Margin | 1.7% | -2.4% | -5.4% | -12.0% | 3.3% | 0.9% | 4.1% | -2.1% | 5.1% | -4.5% | -3.7% | 2.1% | -0.4% |
| — | -362.8% | -232.6% | -469.0% | -34.6% | +120.5% | +209.6% | -199.4% | +1414.1% | -329.9% | -256.8% | +194.2% | -120.8% | |
| Net Margin | -0.3% | -11.3% | -13.5% | -23.1% | 0.9% | -1.1% | 2.2% | -3.9% | 2.5% | -6.3% | -9.0% | -2.9% | -2.2% |
| — | -883.1% | -716.7% | -492.6% | -65.1% | +81.7% | +124.3% | -36.3% | +216.7% | -1335.9% | -449.4% | +49.4% | +31.1% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -2.5% | -24.8% | -23.9% | -30.3% | 1.7% | -2.7% | 5.4% | -8.8% | 7.9% | -14.3% | -19.5% | -5.7% | -4.7% |
| — | -832.6% | -538.4% | -246.1% | -78.1% | +81.4% | +127.9% | -54.3% | +266.7% | -1370.2% | -414.1% | +47.8% | +28.4% | |
| ROA | -0.3% | -2.6% | -3.0% | -4.7% | 0.2% | -0.3% | 0.5% | -0.8% | 0.7% | -1.4% | -2.0% | -0.6% | -0.5% |
| — | -878.2% | -670.7% | -456.9% | -67.7% | +80.1% | +126.4% | -35.2% | +235.9% | -1165.5% | -403.7% | +46.5% | +26.9% | |
| ROIC | 3.0% | -1.4% | -2.1% | -4.5% | 1.6% | 0.4% | 1.8% | -0.8% | 2.7% | -1.9% | -1.7% | 1.0% | -0.2% |
| — | -448.8% | -216.7% | -433.2% | -39.7% | +121.7% | +207.4% | -188.5% | +1453.0% | -295.5% | -249.3% | +197.6% | -120.9% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
The current ratio has weakened 13.1% YoY to 1.42x, tightening the short-term liquidity position.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.17 | 1.16 | 3.83 | 2.90 | 2.17 | 4.32 | 4.46 | 4.62 | 4.67 | 5.04 | 4.24 | 4.02 | 3.82 |
| — | -73.2% | -14.2% | -37.3% | -53.5% | -14.2% | +5.0% | +14.8% | +22.3% | +34.4% | +5.9% | -7.9% | +1.9% | |
| Debt / EBITDA | 12.61 | — | — | — | 30.24 | 81.76 | 34.32 | — | 25.32 | — | — | 59.15 | 320.37 |
| — | — | — | — | +19.5% | — | — | — | -92.1% | — | — | — | +432.7% | |
| Current Ratio | 1.65 | 1.42 | 1.47 | 1.55 | 1.65 | 1.64 | 1.62 | 1.63 | 1.66 | 1.58 | 1.58 | 1.66 | 1.70 |
| — | -13.1% | -9.4% | -5.2% | -0.4% | +3.6% | +2.2% | -1.6% | -2.7% | -11.5% | -13.3% | -4.7% | +1.3% | |
| Quick Ratio | 0.92 | 0.66 | 0.71 | 0.75 | 0.92 | 0.92 | 0.88 | 0.87 | 0.95 | 0.78 | 0.84 | 0.91 | 0.97 |
| — | -27.8% | -19.3% | -13.5% | -3.2% | +18.2% | +4.6% | -5.3% | -2.5% | -22.4% | -14.3% | -3.6% | -2.8% | |
| Interest Coverage | 1.09 | -0.34 | -0.71 | -1.63 | 1.49 | 0.14 | 2.12 | -0.13 | 2.33 | -1.05 | -1.99 | 0.65 | 0.34 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying ARAY stock.
Accuray Incorporated's current P/E is -22.4x. The average P/E over the last 1 quarters is 33.3x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Accuray Incorporated's current operating margin is 1.7%. Margins have been compressing 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 Accuray Incorporated's business trajectory between earnings reports.