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OverviewPriceRevenueEarningsP/ERatiosDividendTargets

Columbia Banking System, Inc. (COLB) Quarterly Financial Ratios

Last 47 quarters of trend data · Financial Services · Banks - Regional

← View 30-Year Annual Ratios

Valuation Multiples

Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.

Columbia Banking System, Inc.'s quarterly P/E stands at 9.7x, down 2.3% year-over-year.

MetricTTMQ4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23Q1 '23
P/E Ratio →12.859.7016.098.0115.219.939.338.728.2014.827.817.92—
—-2.3%+72.5%-8.2%+85.5%-33.0%+19.4%+10.1%—-25.2%-57.8%-60.2%—
P/S Ratio2.192.191.881.671.841.951.791.401.381.841.431.481.58
—+12.4%+5.3%+18.9%+33.4%+5.8%+24.9%-5.0%-12.8%-56.6%-69.7%-70.4%-71.6%
P/B Ratio1.121.060.790.921.001.101.040.840.821.110.910.880.69
—-4.2%-23.9%+10.0%+22.6%-0.9%+13.4%-4.6%+18.9%-57.8%-64.8%-64.6%-74.5%
P/FCF9.978.015.9514.4310.755.8822.957.235.6315.072.993.97—
—+36.2%-74.1%+99.7%+91.1%-61.0%+666.6%+82.0%—+32.9%-39.4%-22.5%—
EV / EBITDA11.768.5011.267.4810.178.408.328.507.7812.097.458.9013617.69
—+1.1%+35.4%-12.0%+30.7%-30.5%+11.7%-4.6%-99.9%-17.4%-44.7%-36.3%+131327.5%
EV / EBIT14.029.6714.498.6913.059.999.8710.469.6216.079.0411.09—
—-3.2%+46.8%-16.9%+35.6%-37.9%+9.2%-5.7%—+3.6%-36.8%-25.6%—

Profitability

Quarterly margins and returns. Watch for margin compression across consecutive quarters.

Columbia Banking System, Inc.'s operating margin was 32.2% in Q4 2025, up 17.6 pp QoQ and up 5.7 pp YoY. The trailing four-quarter average of 22.9% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 19.7% YoY, indicating pricing power or improving input costs.

Margins

MetricTTMQ4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23Q1 '23
Gross Margin67.7%75.6%62.7%65.5%65.0%63.2%61.1%59.5%62.2%61.3%66.0%71.0%61.0%
—+19.7%+2.5%+10.1%+4.6%+3.0%-7.3%-16.2%+1.8%-22.8%-24.1%-22.4%-36.6%
Operating Margin23.4%32.2%14.6%27.7%17.4%26.5%25.7%21.8%23.0%16.8%24.9%25.0%-3.6%
—+21.5%-43.2%+27.2%-24.6%+57.8%+3.2%-13.1%+745.4%-42.2%-25.8%-25.8%-109.3%
Net Margin17.1%22.7%11.8%20.7%12.1%19.7%19.1%16.2%16.9%12.4%18.4%18.6%-2.6%
—+15.0%-38.5%+27.7%-28.1%+59.7%+4.1%-12.9%+738.5%-42.4%-27.3%-26.1%-109.2%

Return on Capital

MetricTTMQ4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23Q1 '23
ROE8.5%2.8%1.5%2.9%1.7%2.8%2.9%2.4%2.5%1.9%2.9%2.7%-0.4%
—-0.2%-48.7%+19.1%-32.9%+41.9%-0.7%-11.9%+754.1%-42.6%-15.7%-10.4%-111.2%
ROA0.9%0.3%0.2%0.3%0.2%0.3%0.3%0.2%0.2%0.2%0.3%0.2%-0.0%
—+15.3%-42.8%+28.0%-29.3%+54.2%+9.3%-7.1%+826.9%-31.5%-5.7%-4.1%-111.0%
ROIC5.4%2.0%0.9%1.7%1.1%1.5%1.5%1.3%1.3%1.0%1.3%1.1%-0.2%
—+30.3%-42.5%+35.2%-19.1%+55.7%+18.3%+10.3%+831.0%-51.3%-41.1%-48.2%-107.2%

Leverage & Debt

Quarterly solvency trend — watch for debt spikes or covenant pressure.

Columbia Banking System, Inc.'s Debt/EBITDA ratio is 11.6x, down from 20.1x last quarter — elevated, raising questions about debt serviceability. The current ratio has improved 141.1% YoY to 0.22x, strengthening the short-term liquidity position.

MetricTTMQ4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23Q1 '23
Debt / Equity0.510.510.390.770.630.760.830.930.940.951.041.471.39
—-32.9%-52.4%-17.7%-33.1%-20.0%-20.2%-36.6%-32.1%+37.5%+52.3%+254.3%+260.8%
Debt / EBITDA4.4811.5520.0717.3320.7217.0718.7923.4022.2928.1621.5631.8156869.60
—-32.3%+6.8%-25.9%-7.1%-39.4%-12.8%-26.4%-100.0%+95.3%+54.8%+241.6%+733222.2%
Current Ratio0.220.220.270.090.090.090.300.290.300.300.300.340.35
—+141.1%-10.4%-68.8%-68.6%-70.6%-1.0%-14.4%-14.6%+33.3%+29.0%+52.7%+22.1%
Quick Ratio0.220.220.270.090.090.090.300.290.300.300.300.340.35
—+141.1%-10.4%-68.8%-68.6%-70.6%-1.0%-14.4%-14.6%+33.3%+29.0%+52.7%+22.1%
Interest Coverage0.821.320.510.910.560.800.730.600.650.530.860.93-0.19
—————————————

Download Financial Ratios Data

Includes 30+ ratios · 47 years · Updated daily

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COLB — Frequently Asked Questions

Quick answers to the most common questions about buying COLB stock.

What is Columbia Banking System, Inc.'s quarterly P/E ratio trend?

Columbia Banking System, Inc.'s current P/E is 12.9x. The average P/E over the last 4 quarters is 12.3x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.

How do Columbia Banking System, Inc.'s margins change by quarter?

Columbia Banking System, Inc.'s current operating margin is 23.4%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.

Why look at COLB quarterly ratios instead of annual?

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 Columbia Banking System, Inc.'s business trajectory between earnings reports.

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