Last 47 quarters of trend data · Financial Services · Banks - Regional
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Comerica Incorporated's quarterly P/E stands at 17.1x, up 35.0% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has expanded 119.3% YoY to 18.4x, reflecting rising market expectations or slowing EBITDA growth.
| 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 → | 16.76 | 17.11 | 12.69 | 10.50 | 11.81 | 12.67 | 11.26 | 8.56 | 13.89 | 69.76 | 5.65 | 5.24 | 4.52 |
| — | +35.0% | +12.7% | +22.6% | -14.9% | -81.8% | +99.5% | +63.4% | +207.0% | +977.0% | -17.4% | -45.1% | -72.6% | |
| P/S Ratio | 2.37 | 2.40 | 1.88 | 1.65 | 1.67 | 1.70 | 1.59 | 1.35 | 1.46 | 1.49 | 0.99 | 1.02 | 1.16 |
| — | +40.9% | +18.1% | +21.5% | +14.4% | +14.6% | +61.3% | +33.5% | +25.2% | -22.5% | -56.7% | -64.6% | -72.4% | |
| P/B Ratio | 1.53 | 1.50 | 1.23 | 1.16 | 1.11 | 1.27 | 1.09 | 1.11 | 1.21 | 1.16 | 1.11 | 1.00 | 0.96 |
| — | +18.4% | +12.6% | +4.2% | -7.9% | +9.5% | -1.9% | +11.1% | +26.4% | -32.3% | -40.0% | -33.6% | -44.1% | |
| P/FCF | — | — | — | 4.42 | 7.38 | — | 1.98 | 25.52 | — | 1.74 | — | — | 3.25 |
| — | — | — | -82.7% | — | — | — | — | — | -54.8% | — | — | — | |
| EV / EBITDA | 16.08 | 18.40 | 9.46 | 10.53 | 9.02 | 8.39 | 8.16 | 8.83 | 12.30 | 25.59 | 5.93 | 7.86 | 7.63 |
| — | +119.3% | +15.9% | +19.2% | -26.7% | -67.2% | +37.7% | +12.4% | +61.2% | +443.1% | +64.0% | +136.7% | +587.4% | |
| EV / EBIT | 17.38 | 18.40 | 10.46 | 11.61 | 10.02 | 9.40 | 8.96 | 9.66 | 13.92 | 36.91 | 6.33 | 8.35 | 8.01 |
| — | +95.8% | +16.7% | +20.3% | -28.0% | -74.5% | +41.6% | +15.7% | +73.9% | +648.1% | +65.9% | +135.3% | +557.5% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Comerica Incorporated's operating margin was 18.2% in Q4 2025, down 0.6 pp QoQ and up 0.3 pp YoY. This marks the 3rd consecutive quarter of margin compression, signaling a persistent pressure on profitability that investors should monitor. Gross margin expanded 5.0% YoY, indicating pricing power or improving input costs.
| 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 | 68.1% | 69.4% | 67.4% | 66.8% | 68.7% | 66.1% | 63.3% | 65.3% | 61.4% | 61.7% | 63.1% | 64.7% | 78.0% |
| — | +5.0% | +6.5% | +2.3% | +11.9% | +7.0% | +0.3% | +0.9% | -21.3% | -27.8% | -32.2% | -33.2% | -21.8% | |
| Operating Margin | 19.1% | 18.2% | 18.8% | 20.2% | 19.1% | 17.8% | 18.7% | 21.3% | 13.3% | 4.2% | 23.4% | 25.9% | 33.2% |
| — | +1.9% | +0.5% | -5.0% | +43.5% | +327.6% | -20.2% | -17.6% | -59.9% | -89.2% | -47.2% | -35.2% | -0.5% | |
| Net Margin | 15.1% | 14.6% | 14.5% | 16.5% | 14.6% | 14.0% | 14.6% | 16.3% | 11.0% | 2.6% | 18.0% | 19.8% | 26.3% |
| — | +4.6% | -0.5% | +1.2% | +32.8% | +427.8% | -18.6% | -17.7% | -58.2% | -91.3% | -47.4% | -35.8% | -0.7% |
| 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 | 10.1% | 2.3% | 2.5% | 2.9% | 2.5% | 2.4% | 2.7% | 3.4% | 2.2% | 0.6% | 4.8% | 4.7% | 5.8% |
| — | -4.9% | -9.5% | -15.2% | +14.2% | +321.4% | -42.7% | -28.4% | -61.8% | -91.5% | -22.1% | +21.6% | +129.1% | |
| ROA | 0.9% | 0.2% | 0.2% | 0.3% | 0.2% | 0.2% | 0.2% | 0.3% | 0.2% | 0.0% | 0.3% | 0.3% | 0.4% |
| — | +4.5% | -1.9% | -1.3% | +31.3% | +455.6% | -18.8% | -13.7% | -54.5% | -90.7% | -30.7% | +1.2% | +78.5% | |
| ROIC | 5.2% | 1.3% | 1.2% | 1.2% | 1.2% | 1.2% | 1.2% | 1.5% | 0.9% | 0.2% | 1.3% | 1.2% | 1.7% |
| — | +6.3% | -2.5% | -15.0% | +45.2% | +388.0% | -4.9% | +26.1% | -50.6% | -92.7% | -66.6% | -57.1% | -1.2% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Comerica Incorporated's Debt/EBITDA ratio is 24.8x, up from 21.6x last quarter — elevated, raising questions about debt serviceability. The current ratio has improved 20.5% YoY to 0.28x, 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 | 0.70 | 0.70 | 0.73 | 1.27 | 0.99 | 1.02 | 0.92 | 1.36 | 1.18 | 1.53 | 2.18 | 2.95 | 3.02 |
| — | -31.0% | -20.8% | -6.7% | -16.2% | -33.1% | -57.8% | -54.0% | -61.0% | +26.7% | +214.2% | +622.4% | +692.2% | |
| Debt / EBITDA | 5.48 | 24.77 | 21.60 | 32.29 | 27.83 | 27.46 | 26.30 | 28.44 | 37.68 | 130.28 | 31.12 | 43.70 | 42.19 |
| — | -9.8% | -17.9% | +13.5% | -26.1% | -78.9% | -15.5% | -34.9% | -10.7% | +875.8% | +323.9% | +498.2% | +310.6% | |
| Current Ratio | 0.28 | 0.28 | 0.28 | 0.22 | 0.23 | 0.23 | 0.13 | 0.10 | 0.23 | 0.38 | 0.13 | 0.15 | 0.16 |
| — | +20.5% | +110.7% | +106.9% | -1.6% | -38.0% | +1.1% | -29.2% | +48.1% | +12.1% | +29.1% | -55.8% | -62.1% | |
| Quick Ratio | 0.28 | 0.28 | 0.28 | 0.22 | 0.23 | 0.23 | 0.13 | 0.10 | 0.23 | 0.38 | 0.13 | 0.15 | 0.16 |
| — | +20.5% | +110.7% | +106.9% | -1.6% | -38.0% | +1.1% | -29.2% | +48.1% | +12.1% | +29.1% | -55.8% | -62.1% | |
| Interest Coverage | 0.64 | 0.62 | 0.61 | 0.69 | 0.64 | 0.55 | 0.52 | 0.61 | 0.35 | 0.11 | 0.65 | 0.79 | 1.70 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
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Comerica Incorporated's current P/E is 16.8x. The average P/E over the last 4 quarters is 13.0x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Comerica Incorporated's current operating margin is 19.1%. 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 Comerica Incorporated's business trajectory between earnings reports.