Last 38 quarters of trend data · Financial Services · Banks - Regional
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 20.54 | — | 0.01 | 0.03 | 0.01 | 0.01 | — | 0.00 | 0.00 | 0.04 | 0.01 | 0.03 | 0.01 |
| — | — | — | +862.5% | +781.4% | -73.5% | — | -90.4% | -92.9% | +290.0% | -52.3% | +29.6% | +0.0% | |
| P/S Ratio | 1.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| — | -48.7% | +5.9% | +344.3% | +499.2% | +496.8% | +205.5% | -4.8% | -78.9% | -81.0% | -76.6% | -88.6% | -69.3% | |
| P/B Ratio | 1.65 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| — | -49.0% | -13.4% | +18.6% | +269.6% | -11.0% | -49.5% | -49.1% | -37.2% | -41.7% | +7.6% | -54.1% | -65.7% | |
| P/FCF | 8.27 | — | — | — | — | 0.00 | 0.00 | 87.98 | — | — | — | 0.00 | 0.00 |
| — | — | — | — | — | — | — | +5465182.3% | — | — | — | -12.1% | +25.8% | |
| EV / EBITDA | 8.54 | -112.67 | -1.39 | -3.76 | -2.70 | -5.50 | — | -0.29 | -0.57 | -0.71 | -0.20 | -0.64 | -4.54 |
| — | -1946.9% | — | -1201.3% | -370.0% | -679.3% | — | +55.2% | +87.3% | — | — | — | — | |
| EV / EBIT | 11.82 | — | -1.62 | -5.49 | -3.42 | -6.21 | — | -0.31 | -0.60 | -1.08 | -0.22 | -0.85 | -5.60 |
| — | — | — | -1685.4% | -470.0% | -475.0% | — | +63.8% | +89.3% | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Banco Macro S.A.'s operating margin was -2.6% in Q3 2025, down 20.0 pp QoQ and down 13.5 pp YoY. The trailing four-quarter average of 8.2% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin contracted 26.3% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 68.3% | 52.4% | 64.9% | 69.4% | 69.7% | 71.1% | 47.0% | 72.9% | 68.1% | 51.5% | 55.5% | 54.6% | 54.7% |
| — | -26.3% | +38.0% | -4.9% | +2.4% | +38.0% | -15.2% | +33.7% | +24.5% | -48.5% | -44.5% | -45.4% | -45.3% | |
| Operating Margin | 5.6% | -2.6% | 17.4% | 6.9% | 11.2% | 10.9% | -41.4% | 17.5% | 27.8% | 2.8% | 13.7% | 5.2% | 7.5% |
| — | -124.3% | +142.0% | -60.3% | -59.6% | +281.2% | -401.5% | +238.6% | +272.3% | — | — | — | — | |
| Net Margin | 5.0% | -2.3% | 10.6% | 3.9% | 8.7% | 8.2% | -26.0% | 13.2% | 18.9% | 1.1% | 9.6% | 3.3% | 5.7% |
| — | -128.1% | +140.7% | -70.7% | -54.0% | +628.6% | -371.6% | +302.7% | +234.5% | -85.0% | +82.0% | -65.9% | -72.7% |
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 7.7% | -0.7% | 3.3% | 1.1% | 3.4% | 2.7% | -9.7% | 11.1% | 18.5% | 2.6% | 23.8% | 3.4% | 1.8% |
| — | -126.8% | +134.5% | -90.5% | -81.7% | +0.6% | -140.5% | +226.8% | +925.3% | -52.2% | +728.7% | +3.5% | -65.3% | |
| ROA | 2.2% | -0.2% | 0.9% | 0.3% | 0.9% | 0.7% | -2.9% | 3.5% | 5.5% | 0.7% | 5.8% | 0.8% | 0.4% |
| — | -124.2% | +129.5% | -91.7% | -83.5% | +4.3% | -149.9% | +315.2% | +1147.4% | -50.1% | +722.5% | +6.4% | -64.2% | |
| ROIC | 5.5% | -0.5% | 3.5% | 1.3% | 2.9% | 2.3% | -10.2% | 9.4% | 16.9% | 4.3% | 22.3% | 3.5% | 1.6% |
| — | -120.7% | +134.6% | -86.4% | -82.7% | -45.3% | -145.8% | +169.1% | +991.1% | — | — | — | — |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Banco Macro S.A.'s Debt/EBITDA ratio is 397.5x, up from 3.4x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 57.0% YoY to 0.27x, tightening the short-term liquidity position. Debt/Equity has risen for 3 consecutive quarters, indicating increasing financial leverage that investors should watch closely.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.11 | 0.31 | 0.22 | 0.11 | 0.11 | 0.13 | 0.13 | 0.13 | 0.21 | 0.19 | 0.16 | 0.15 | 0.15 |
| — | +138.8% | +61.8% | -18.8% | -44.2% | -31.2% | -15.3% | -11.7% | +37.4% | +24.8% | -1.3% | -31.1% | -22.5% | |
| Debt / EBITDA | 0.93 | 397.46 | 3.43 | 4.04 | 2.18 | 3.51 | — | 0.72 | 1.18 | 2.14 | 0.45 | 1.20 | 8.07 |
| — | +11212.0% | — | +459.1% | +84.5% | +63.9% | — | -39.7% | -85.3% | — | — | — | — | |
| Current Ratio | 0.51 | 0.27 | 0.33 | 0.32 | 0.51 | 0.62 | 0.30 | 0.27 | 0.57 | 0.31 | 0.24 | 0.26 | 0.39 |
| — | -57.0% | +7.8% | +21.3% | -11.2% | +101.6% | +25.5% | +4.1% | +46.1% | — | — | +0.3% | — | |
| Quick Ratio | 0.51 | 0.27 | 0.33 | 0.32 | 0.51 | 0.62 | 0.30 | 0.27 | 0.57 | 0.31 | 0.24 | 0.26 | 0.39 |
| — | -57.0% | +7.8% | +21.3% | -11.2% | +101.6% | +25.5% | +4.1% | +46.1% | — | — | +0.3% | — | |
| Interest Coverage | 0.19 | -0.07 | 0.63 | 0.28 | 0.41 | 0.40 | -0.81 | 0.67 | 0.90 | 0.06 | 0.32 | 0.12 | 0.17 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 38 years · Updated daily
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Banco Macro S.A.'s current P/E is 20.5x. The average P/E over the last 3 quarters is 0.0x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Banco Macro S.A.'s current operating margin is 5.6%. 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 Banco Macro S.A.'s business trajectory between earnings reports.