Last 26 quarters of trend data · Technology · Software - Application
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| 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 → | -11.58 | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 0.66 | 0.94 | 1.17 | 1.17 | 1.38 | 1.36 | 1.36 | 1.91 | 1.64 | 2.20 | 2.38 | 2.47 | 2.31 |
| — | -31.3% | -13.9% | -38.8% | -16.1% | -38.1% | -42.9% | -22.7% | -28.9% | -1.1% | -36.6% | -43.2% | -61.6% | |
| P/B Ratio | 5.67 | 8.53 | 9.41 | 10.17 | 11.93 | 14.23 | 15.72 | 23.91 | 19.61 | 29.05 | 37.44 | 27.64 | 19.25 |
| — | -40.1% | -40.1% | -57.5% | -39.2% | -51.0% | -58.0% | -13.5% | +1.9% | +105.6% | +124.0% | +98.4% | +33.2% | |
| P/FCF | 12.02 | — | 13.28 | 8.28 | — | 10.26 | 25.26 | 14.62 | — | 15.15 | — | 13.55 | — |
| — | — | -47.4% | -43.4% | — | -32.3% | — | +7.9% | — | — | — | — | — | |
| EV / EBITDA | — | — | 56.65 | — | 76.00 | 58.83 | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBIT | — | 134.51 | 290.24 | — | 48.55 | 191.97 | — | — | — | — | — | — | — |
| — | -29.9% | — | — | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Commerce.com, Inc.'s operating margin was -7.4% in Q4 2025, down 6.9 pp QoQ and down 6.5 pp YoY. The trailing four-quarter average of -4.7% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind.
| 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 | 78.7% | 78.3% | 78.4% | 79.0% | 79.4% | 77.6% | 76.3% | 75.8% | 77.1% | 77.5% | 75.6% | 75.1% | 75.7% |
| — | +0.9% | +2.8% | +4.2% | +3.0% | +0.2% | +0.9% | +0.9% | +1.8% | +4.0% | -0.3% | -0.2% | +2.1% | |
| Operating Margin | -4.7% | -7.4% | -0.5% | -8.0% | -2.9% | -0.9% | -23.0% | -16.5% | -10.2% | -6.8% | -28.4% | -27.7% | -33.0% |
| — | -752.5% | +97.8% | +51.2% | +71.4% | +87.2% | +19.3% | +40.5% | +68.9% | +85.9% | +32.6% | +51.7% | +39.8% | |
| Net Margin | -5.6% | -9.3% | -2.6% | -9.9% | -0.4% | -2.7% | -8.4% | -13.8% | -8.0% | -3.8% | -26.0% | -25.3% | -30.8% |
| — | -240.2% | +68.8% | +27.8% | +94.6% | +27.2% | +67.9% | +45.6% | +74.2% | +91.7% | +37.8% | +56.5% | +45.0% |
| 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 | -53.2% | -20.4% | -5.5% | -21.8% | -1.0% | -7.7% | -25.4% | -42.4% | -24.4% | -14.0% | -86.8% | -62.1% | -55.2% |
| — | -165.5% | +78.3% | +48.6% | +95.9% | +45.2% | +70.8% | +31.7% | +55.9% | +76.5% | -115.0% | -52.9% | -85.0% | |
| ROA | -6.0% | -2.7% | -0.7% | -2.8% | -0.1% | -0.7% | -1.8% | -2.5% | -1.4% | -0.7% | -4.5% | -4.1% | -4.7% |
| — | -282.3% | +58.7% | -13.2% | +92.2% | +2.0% | +60.5% | +38.7% | +69.5% | +89.5% | +25.1% | +44.9% | +30.4% | |
| ROIC | -7.5% | -3.1% | -0.2% | -3.3% | -1.1% | -0.3% | -6.3% | -3.6% | -2.0% | -1.4% | -5.5% | -5.0% | -5.7% |
| — | -944.0% | +96.7% | +9.7% | +42.9% | +79.0% | -14.1% | +27.6% | +64.8% | +83.2% | +36.2% | +63.8% | +58.4% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
The current ratio has weakened 30.6% YoY to 1.98x, tightening the short-term liquidity position.
| 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 | 4.21 | 4.21 | 3.87 | 4.28 | 4.38 | 6.61 | 7.65 | 13.39 | 13.00 | 13.72 | 17.63 | 13.03 | 10.16 |
| — | -36.4% | -49.4% | -68.0% | -66.3% | -51.8% | -56.6% | +2.8% | +28.0% | +79.0% | +227.6% | +215.8% | +218.1% | |
| Debt / EBITDA | — | — | 72.44 | — | 89.14 | 85.56 | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Current Ratio | 1.98 | 1.98 | 2.14 | 2.13 | 2.34 | 2.85 | 2.81 | 4.51 | 5.06 | 4.83 | 5.09 | 4.06 | 4.69 |
| — | -30.6% | -24.0% | -52.7% | -53.7% | -40.9% | -44.8% | +11.3% | +7.8% | +1.8% | -10.0% | -24.1% | -29.8% | |
| Quick Ratio | 1.98 | 1.98 | 2.14 | 2.13 | 2.34 | 2.85 | 2.81 | 4.51 | 5.06 | 4.83 | 4.96 | 4.06 | 4.69 |
| — | -30.6% | -24.0% | -52.7% | -53.7% | -40.9% | -43.4% | +11.3% | +7.8% | +1.8% | -12.3% | -24.1% | -29.8% | |
| Interest Coverage | — | — | -0.18 | -2.45 | -0.87 | -0.28 | -10.07 | -60.48 | -11.43 | -7.91 | -30.79 | -28.94 | -32.77 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 26 years · Updated daily
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Start ComparisonCommerce.com, Inc.'s current P/E is -11.6x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Commerce.com, Inc.'s current operating margin is -4.7%. 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 Commerce.com, Inc.'s business trajectory between earnings reports.