Last 47 quarters of trend data · Financial Services · Banks - Regional
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 15.63 | 14.31 | 12.93 | 12.37 | 11.87 | 13.45 | 13.61 | 14.22 | 12.48 | 11.50 | 13.66 | 17.50 | 9.62 | 10.93 | 9.79 | 11.53 | 12.76 | 16.08 | 23.07 | 20.47 | 17.97 |
| — | +6.4% | -5.0% | -13.0% | -4.9% | +17.0% | -0.4% | -18.7% | +29.8% | +5.2% | +39.5% | +51.8% | -24.6% | -32.1% | -57.6% | -43.7% | -29.0% | +3.4% | +50.2% | +29.5% | +68.6% | |
| P/S Ratio | 4.36 | 5.54 | 5.01 | 3.47 | 3.58 | 3.78 | 3.73 | 4.02 | 3.46 | 3.22 | 3.61 | 3.48 | 2.98 | 3.54 | 3.37 | 4.29 | 4.68 | 4.86 | 6.36 | 5.80 | 5.60 |
| — | +46.6% | +34.3% | -13.8% | +3.6% | +17.5% | +3.2% | +15.7% | +16.1% | -9.2% | +7.2% | -18.9% | -36.3% | -27.1% | -47.1% | -26.1% | -16.4% | -5.7% | +22.6% | +40.2% | +82.1% | |
| P/B Ratio | 2.17 | 2.10 | 1.92 | 1.76 | 1.82 | 1.97 | 1.96 | 2.21 | 1.73 | 1.78 | 1.99 | 1.88 | 1.95 | 2.05 | 1.96 | 2.76 | 3.03 | 2.24 | 2.36 | 1.83 | 1.74 |
| — | +6.6% | -1.7% | -20.4% | +5.1% | +10.4% | -1.7% | +17.8% | -11.2% | -12.8% | +1.4% | -31.9% | -35.6% | -8.8% | -16.9% | +50.8% | +74.4% | +36.6% | +45.3% | +42.2% | +76.5% | |
| P/FCF | 76.47 | — | 10.97 | 14.57 | 6.43 | 18.06 | — | 80.88 | 6.36 | 15.88 | 4.02 | — | 7.12 | 14.96 | 13.92 | 15.91 | 9.81 | — | 6.96 | 30.30 | 9.75 |
| — | — | — | -82.0% | +1.2% | +13.7% | — | — | -10.7% | +6.1% | -71.1% | — | -27.5% | — | +100.0% | -47.5% | +0.7% | — | -17.0% | -21.8% | +130.9% | |
| EV / EBITDA | 6.56 | 15.91 | 14.16 | 4.50 | 5.45 | 7.00 | 6.13 | 3.64 | 2.86 | 4.48 | 4.23 | 4.86 | 2.79 | 4.38 | 2.30 | 1.85 | -3.10 | -6.53 | -6.64 | -10.55 | -11.12 |
| — | +127.4% | +131.1% | +23.6% | +90.6% | +56.3% | +45.0% | -25.1% | +2.5% | +2.1% | +83.4% | +163.1% | +190.0% | +167.1% | +134.7% | +117.5% | +72.1% | +28.9% | -38.9% | -98.1% | -317.5% | |
| EV / EBIT | 7.31 | 17.63 | 15.72 | 5.00 | 6.03 | 7.81 | 6.88 | 4.07 | 3.20 | 5.00 | 4.76 | 5.67 | 3.07 | 4.80 | 2.51 | 2.00 | -3.38 | -7.36 | -7.69 | -12.24 | -12.72 |
| — | +125.7% | +128.5% | +22.9% | +88.7% | +56.3% | +44.6% | -28.3% | +3.9% | +4.1% | +89.8% | +183.8% | +191.0% | +165.2% | +132.6% | +116.3% | +73.4% | +28.9% | -41.4% | -96.1% | -313.4% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 75.0% | 98.8% | 98.8% | 76.4% | 75.2% | 74.2% | 74.3% | 71.9% | 69.1% | 69.6% | 70.0% | 70.1% | 72.0% | 74.1% | 77.4% | 82.1% | 89.6% | 95.5% | 98.0% | 98.3% | 98.2% |
| — | +33.2% | +32.9% | +6.2% | +8.8% | +6.7% | +6.2% | +2.5% | -4.0% | -6.2% | -9.6% | -14.6% | -19.7% | -22.3% | -21.0% | -16.4% | -8.8% | -2.9% | -0.3% | +4.5% | +7.2% | |
| Operating Margin | 26.4% | 35.5% | 35.2% | 26.5% | 27.9% | 25.9% | 25.3% | 25.4% | 24.3% | 24.8% | 23.2% | 17.4% | 28.0% | 30.0% | 32.9% | 36.0% | 38.9% | 34.6% | 31.2% | 31.2% | 35.1% |
| — | +36.6% | +39.4% | +4.4% | +14.9% | +4.8% | +8.9% | +46.0% | -13.4% | -17.5% | -29.6% | -51.6% | -27.9% | -13.1% | +5.4% | +15.4% | +10.7% | -8.1% | -14.3% | +9.6% | +12.4% | |
| Net Margin | 22.2% | 29.8% | 29.7% | 22.3% | 23.4% | 21.8% | 21.3% | 21.4% | 20.3% | 20.6% | 19.5% | 14.8% | 23.3% | 25.1% | 27.7% | 31.3% | 33.4% | 29.4% | 27.7% | 28.4% | 31.3% |
| — | +36.6% | +39.8% | +4.1% | +15.2% | +6.1% | +9.3% | +44.6% | -13.0% | -18.1% | -29.8% | -52.8% | -30.2% | -14.8% | +0.1% | +10.4% | +6.9% | -11.6% | -18.8% | +9.4% | +10.1% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 15.3% | 3.8% | 3.8% | 3.7% | 4.0% | 3.8% | 3.8% | 3.9% | 3.8% | 4.0% | 3.7% | 3.1% | 4.9% | 4.7% | 5.4% | 6.4% | 5.5% | 3.3% | 2.4% | 2.3% | 2.5% |
| — | -0.5% | -0.3% | -4.5% | +7.2% | -5.2% | +2.1% | +26.2% | -22.9% | -15.8% | -31.4% | -52.5% | -11.6% | +41.4% | +123.0% | +180.3% | +123.2% | +22.4% | -11.0% | +8.8% | +5.1% | |
| ROA | 1.2% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.2% | 0.3% | 0.3% | 0.3% | 0.4% | 0.3% | 0.2% | 0.2% | 0.2% | 0.2% |
| — | +6.3% | +11.9% | +5.3% | +14.3% | +2.6% | +6.8% | +45.3% | -8.3% | -8.9% | -20.8% | -43.0% | -1.4% | +40.5% | +75.9% | +76.6% | +41.9% | -11.2% | -27.7% | -4.4% | -4.5% | |
| ROIC | 6.5% | 1.6% | 1.6% | 1.6% | 1.7% | 1.6% | 1.6% | 1.6% | 1.6% | 1.7% | 1.5% | 1.2% | 2.0% | 1.9% | 2.0% | 2.5% | 2.8% | 1.9% | 1.3% | 1.2% | 1.3% |
| — | +0.9% | +5.7% | -2.5% | +5.2% | -6.5% | +2.0% | +35.9% | -17.5% | -11.7% | -22.7% | -51.8% | -30.3% | +1.9% | +56.4% | +113.4% | +113.8% | +25.0% | -11.4% | +1.1% | -0.3% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.04 | 1.17 | 1.03 | 1.04 | 1.08 | 1.11 | 1.15 | 1.18 | 1.03 | 1.10 | 1.16 | 1.17 | 1.32 | 1.12 | 1.30 | 1.57 | 0.83 | 0.58 | 0.56 | 0.67 | 0.56 |
| — | +5.6% | -10.6% | -11.4% | +4.9% | +1.3% | -0.9% | +0.2% | -22.2% | -2.4% | -11.2% | -25.3% | +59.7% | +94.9% | +134.2% | +133.6% | +47.2% | +1.7% | +9.9% | +22.9% | +24.8% | |
| Debt / EBITDA | 5.55 | 23.92 | 20.68 | 21.69 | 20.93 | 22.39 | 23.46 | 22.33 | 21.74 | 20.56 | 23.14 | 30.98 | 19.26 | 17.91 | 19.70 | 20.74 | 10.82 | 12.24 | 16.24 | 23.19 | 17.74 |
| — | +6.9% | -11.9% | -2.9% | -3.7% | +8.9% | +1.4% | -27.9% | +12.8% | +14.8% | +17.5% | +49.3% | +77.9% | +46.3% | +21.3% | -10.5% | -39.0% | -25.8% | +6.0% | +11.9% | +16.3% | |
| Current Ratio | 0.21 | 0.19 | 0.20 | 0.21 | 0.40 | 0.38 | 0.20 | 0.54 | 0.54 | 0.50 | 0.53 | 0.55 | 0.56 | 0.56 | 0.59 | 0.63 | 0.64 | 0.65 | 0.66 | 0.67 | 0.66 |
| — | -49.2% | +2.0% | -60.8% | -26.2% | -24.3% | -62.5% | -1.9% | -5.0% | -10.2% | -11.2% | -13.0% | -12.1% | -13.6% | -10.8% | -6.5% | -3.0% | +2.7% | +15.8% | +19.5% | +29.7% | |
| Quick Ratio | 0.21 | 0.19 | 0.20 | 0.21 | 0.40 | 0.38 | 0.20 | 0.54 | 0.54 | 0.50 | 0.53 | 0.55 | 0.56 | 0.56 | 0.59 | 0.63 | 0.64 | 0.65 | 0.66 | 0.67 | 0.66 |
| — | -49.2% | +2.0% | -60.8% | -26.2% | -24.3% | -62.5% | -1.9% | -5.0% | -10.2% | -11.2% | -13.0% | -12.1% | -13.6% | -10.8% | -6.5% | -3.0% | +2.7% | +15.8% | +19.5% | +29.7% | |
| Interest Coverage | 1.13 | 1.47 | 1.45 | 1.20 | 1.17 | 1.08 | 1.06 | 0.98 | 0.86 | 0.88 | 0.83 | 0.63 | 1.06 | 1.23 | 1.56 | 2.07 | 3.74 | 7.60 | 15.54 | 17.99 | 19.84 |
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Includes 30+ ratios · 47 years · Updated daily
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Quick answers to the most common questions about buying CFR stock.
Cullen/Frost Bankers, Inc.'s current P/E is 15.6x. The average P/E over the last 4 quarters is 12.9x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Cullen/Frost Bankers, Inc.'s current operating margin is 26.4%. 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 Cullen/Frost Bankers, Inc.'s business trajectory between earnings reports.