Last 45 quarters of trend data · Real Estate · REIT - Retail
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
CBL & Associates Properties, Inc.'s quarterly P/E stands at 5.9x, down 1.6% year-over-year. EV/EBITDA has compressed 16.4% YoY to 9.0x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 10.12 | 5.93 | 3.21 | 76.02 | 24.61 | 6.03 | 12.12 | 41.75 | — | 16.50 | 12.79 | — | 106.83 |
| — | -1.6% | -73.5% | +82.1% | — | -63.5% | -5.3% | — | — | -91.4% | — | — | — | |
| P/S Ratio | 2.35 | 1.84 | 1.72 | 1.38 | 1.44 | 1.73 | 1.55 | 1.40 | 1.40 | 1.37 | 1.27 | 1.33 | 1.47 |
| — | +6.4% | +11.0% | -1.4% | +2.9% | +26.4% | +22.0% | +5.7% | -5.1% | +14.4% | -12.8% | -25.6% | -10.3% | |
| P/B Ratio | 3.71 | 3.15 | 2.81 | 2.81 | 2.88 | 2.91 | 2.60 | 2.44 | 2.30 | 2.31 | 2.00 | 2.12 | 2.25 |
| — | +8.4% | +8.1% | +15.4% | +25.3% | +25.9% | +30.2% | +14.8% | +2.1% | +18.6% | +10.6% | +34.7% | +25.4% | |
| P/FCF | 18.93 | 3.36 | 3.44 | 2.86 | 6.44 | 4.93 | 3.17 | 2.84 | 5.88 | 3.87 | 3.29 | 3.38 | 6.19 |
| — | -31.8% | +8.4% | +0.8% | +9.6% | +27.3% | -3.5% | -16.1% | -5.1% | +11.8% | +9.0% | -16.0% | +14.1% | |
| EV / EBITDA | 11.44 | 9.03 | 10.79 | 9.19 | 11.13 | 10.80 | 9.68 | 8.79 | 9.60 | 8.43 | 9.31 | 9.97 | 10.72 |
| — | -16.4% | +11.5% | +4.5% | +15.9% | +28.2% | +4.0% | -11.8% | -10.4% | +2.4% | -4.3% | -45.9% | +7.6% | |
| EV / EBIT | 24.95 | 8.86 | 6.43 | 15.14 | 14.06 | 10.38 | 11.27 | 14.18 | 16.03 | 12.39 | 11.20 | 30.95 | 16.10 |
| — | -14.6% | -42.9% | +6.8% | -12.3% | -16.2% | +0.6% | -54.2% | -0.4% | -30.2% | -64.3% | — | +5.4% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
CBL & Associates Properties, Inc.'s operating margin was 32.4% in Q4 2025, up 9.7 pp QoQ and up 2.2 pp YoY. The trailing four-quarter average of 23.9% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin contracted 11.9% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 7.6% | 16.7% | 6.8% | 8.9% | -3.1% | 18.9% | 11.9% | 7.2% | 7.7% | 6.9% | -4.5% | -12.0% | -15.5% |
| — | -11.9% | -42.7% | +22.7% | -140.0% | +174.4% | +367.0% | +160.3% | +150.1% | +144.6% | +82.3% | +83.2% | +53.0% | |
| Operating Margin | 24.2% | 32.4% | 22.7% | 26.3% | 14.4% | 30.2% | 25.5% | 25.5% | 21.4% | 27.0% | 19.3% | 13.9% | 9.3% |
| — | +7.4% | -10.9% | +2.9% | -32.6% | +11.9% | +32.1% | +84.3% | +129.1% | +78.2% | +117.8% | +151.1% | +215.6% | |
| Net Margin | 23.5% | 31.3% | 54.2% | 2.0% | 6.2% | 28.8% | 12.9% | 3.7% | 0.0% | 8.5% | 10.3% | -16.0% | 1.7% |
| — | +8.6% | +318.2% | -46.5% | +15919.6% | +241.1% | +26.3% | +122.9% | -97.7% | +332.9% | +197.7% | +60.6% | +105.7% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 40.1% | 13.9% | 24.4% | 1.0% | 2.9% | 12.4% | 5.4% | 1.5% | 0.0% | 3.6% | 4.1% | -6.1% | 0.6% |
| — | +11.8% | +349.8% | -36.4% | +18907.7% | +247.1% | +33.8% | +125.4% | -97.5% | +394.3% | +227.8% | +28.3% | +107.0% | |
| ROA | 5.0% | 1.8% | 2.8% | 0.1% | 0.3% | 1.5% | 0.7% | 0.2% | 0.0% | 0.5% | 0.5% | -0.8% | 0.1% |
| — | +18.0% | +299.0% | -48.1% | +15481.0% | +211.7% | +31.3% | +124.4% | -97.6% | +351.3% | +203.9% | +43.4% | +106.2% | |
| ROIC | 4.2% | 1.5% | 1.0% | 1.2% | 0.6% | 1.3% | 1.2% | 1.2% | 0.9% | 1.2% | 0.8% | 0.6% | 0.4% |
| — | +15.5% | -14.9% | -0.3% | -33.7% | +6.7% | +43.8% | +106.2% | +138.5% | +80.2% | +121.2% | +168.3% | +224.9% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
CBL & Associates Properties, Inc.'s Debt/EBITDA ratio is 23.9x, down from 30.5x last quarter — elevated, raising questions about debt serviceability. The current ratio has improved 12.9% YoY to 2.55x, strengthening the short-term liquidity position. Debt/Equity has declined for 3 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 5.95 | 5.95 | 6.40 | 7.71 | 7.58 | 7.07 | 5.95 | 6.20 | 5.91 | 5.96 | 6.04 | 6.26 | 5.73 |
| — | -15.8% | +7.5% | +24.4% | +28.3% | +18.7% | -1.4% | -1.0% | +3.2% | +3.6% | +24.1% | +33.5% | +35.1% | |
| Debt / EBITDA | 7.12 | 23.93 | 30.50 | 27.90 | 32.59 | 31.02 | 27.66 | 25.83 | 28.33 | 24.59 | 28.36 | 30.06 | 31.03 |
| — | -22.9% | +10.3% | +8.0% | +15.0% | +26.1% | -2.5% | -14.1% | -8.7% | -1.5% | -3.0% | -48.9% | +4.2% | |
| Current Ratio | 2.55 | 2.55 | 2.21 | 2.49 | 2.16 | 2.26 | 2.44 | 2.48 | 2.41 | 5.19 | 4.54 | 4.82 | 4.97 |
| — | +12.9% | -9.4% | +0.3% | -10.7% | -56.4% | -46.3% | -48.5% | -51.4% | +59.8% | +21.3% | +26.0% | +36.8% | |
| Quick Ratio | 2.55 | 2.55 | 2.21 | 2.49 | 2.16 | 2.26 | 2.44 | 2.48 | 2.41 | 5.19 | 4.54 | 4.82 | 4.97 |
| — | +12.9% | -9.4% | +0.3% | -10.7% | -56.4% | -46.3% | -48.5% | -51.4% | +59.8% | +21.3% | +26.0% | +36.8% | |
| Interest Coverage | 1.77 | 2.15 | 2.68 | 1.06 | 1.18 | 2.04 | 1.42 | 1.13 | 0.99 | 1.29 | 1.36 | 0.49 | 1.01 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 45 years · Updated daily
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CBL & Associates Properties, Inc.'s current P/E is 10.1x. The average P/E over the last 4 quarters is 27.4x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
CBL & Associates Properties, Inc.'s current operating margin is 24.2%. 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 CBL & Associates Properties, Inc.'s business trajectory between earnings reports.