Last 48 quarters of trend data · Technology · Communication Equipment
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
EV/EBITDA has compressed 65.1% YoY to 8.6x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -115.88 | — | 375.00 | 1941.67 | — | — | 29.11 | 4.89 | 7.01 | 173.91 | — | 13.01 | 21.43 |
| — | — | +1188.0% | +39583.7% | — | — | — | -62.4% | -67.3% | +866.4% | — | — | — | |
| P/S Ratio | 0.72 | 0.58 | 0.59 | 0.63 | 0.67 | 0.59 | 0.98 | 0.59 | 0.57 | 0.79 | 0.51 | 0.50 | 0.52 |
| — | -2.0% | -40.0% | +6.1% | +17.0% | -25.7% | +93.3% | +17.4% | +10.0% | +86.1% | -4.7% | +2.5% | -32.1% | |
| P/B Ratio | 1.40 | 1.14 | 1.12 | 1.24 | 1.28 | 1.25 | 2.53 | 1.54 | 1.53 | 2.08 | 1.37 | 1.34 | 1.42 |
| — | -8.5% | -55.5% | -19.3% | -16.3% | -39.8% | +84.3% | +14.7% | +8.1% | +79.6% | +1.9% | +15.7% | -13.5% | |
| P/FCF | 13.52 | 11.51 | 5.63 | 12.04 | 9.77 | — | — | 5.72 | — | 24.84 | 5.93 | 4.04 | 52.63 |
| — | — | — | +110.4% | — | — | — | +41.8% | — | — | — | -56.9% | — | |
| EV / EBITDA | 10.01 | 8.62 | 9.10 | 7.59 | 9.40 | 24.71 | 8.34 | 3.54 | 4.48 | 10.43 | 7.75 | 5.36 | 6.35 |
| — | -65.1% | +9.1% | +114.5% | +109.8% | +136.9% | +7.6% | -33.9% | -29.5% | +75.3% | — | -3.7% | -73.7% | |
| EV / EBIT | 22.99 | 22.82 | 29.96 | 70.27 | 25.76 | 17.78 | 10.87 | 4.26 | 5.75 | 12.25 | 15.88 | 7.26 | 9.26 |
| — | +28.4% | +175.7% | +1549.1% | +348.0% | +45.1% | -31.6% | -41.3% | -37.9% | +33.5% | — | -13.3% | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Ceragon Networks Ltd.'s operating margin was 2.5% in Q1 2026, up 0.4 pp QoQ and up 3.7 pp YoY. Gross margin expanded 7.8% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 33.8% | 35.4% | 33.6% | 34.3% | 34.2% | 32.8% | 34.0% | 34.0% | 34.8% | 36.2% | 34.4% | 34.7% | 35.2% |
| — | +7.8% | -1.2% | +0.9% | -1.7% | -9.4% | -1.0% | -1.9% | -1.2% | +7.3% | +5.8% | -1.8% | +16.3% | |
| Operating Margin | 3.3% | 2.5% | 2.1% | 4.4% | 3.0% | -1.2% | 8.9% | 14.3% | 10.8% | 4.8% | 4.6% | 7.6% | 6.6% |
| — | +299.5% | -76.6% | -69.2% | -72.4% | -125.8% | +92.9% | +86.4% | +64.3% | -15.7% | +132.8% | +14.9% | +1535.3% | |
| Net Margin | -0.6% | -1.6% | 0.2% | 0.0% | -1.5% | -1.1% | 3.4% | 11.9% | 8.2% | 0.5% | -1.3% | 3.9% | 2.4% |
| — | -42.9% | -95.4% | -99.7% | -118.9% | -342.7% | +353.6% | +208.4% | +236.3% | -80.7% | +93.3% | +451.6% | +212.7% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -1.2% | -0.8% | 0.1% | 0.0% | -0.7% | -0.6% | 2.2% | 8.1% | 5.6% | 0.3% | -0.9% | 2.6% | 1.7% |
| — | -32.7% | -96.6% | -99.8% | -113.3% | -296.3% | +345.4% | +210.0% | +235.6% | -81.5% | +92.4% | +502.0% | +247.6% | |
| ROA | -0.6% | -0.4% | 0.0% | 0.0% | -0.4% | -0.3% | 1.1% | 4.0% | 2.7% | 0.1% | -0.4% | 1.1% | 0.7% |
| — | -51.7% | -96.3% | -99.8% | -114.0% | -305.8% | +371.7% | +250.7% | +274.8% | -79.7% | +92.1% | +497.8% | +242.2% | |
| ROIC | 4.7% | 0.9% | 0.7% | 1.6% | 1.0% | -0.5% | 4.2% | 6.7% | 4.9% | 2.0% | 2.1% | 3.3% | 2.7% |
| — | +292.5% | -83.2% | -76.5% | -79.3% | -122.7% | +106.8% | +105.2% | +80.4% | -11.8% | +139.3% | +30.3% | +1884.5% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Ceragon Networks Ltd.'s Debt/EBITDA ratio is 6.1x, down from 8.8x last quarter — elevated, raising questions about debt serviceability. The current ratio has improved 12.8% YoY to 1.90x, strengthening the short-term liquidity position.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.29 | 0.20 | 0.29 | 0.28 | 0.22 | 0.24 | 0.25 | 0.26 | 0.31 | 0.35 | 0.37 | 0.40 | 0.43 |
| — | -19.8% | +16.3% | +5.1% | -29.9% | -30.2% | -34.0% | -34.5% | -27.9% | -25.4% | -17.6% | +13.1% | +14.0% | |
| Debt / EBITDA | 1.96 | 6.08 | 8.80 | 6.62 | 6.18 | 18.19 | 3.22 | 2.35 | 3.36 | 6.60 | 7.57 | 5.80 | 6.63 |
| — | -66.6% | +173.5% | +182.1% | +83.6% | +175.6% | -57.5% | -59.5% | -49.3% | -16.7% | — | -3.1% | -66.7% | |
| Current Ratio | 1.87 | 1.90 | 1.87 | 1.81 | 1.86 | 1.69 | 1.72 | 1.77 | 1.70 | 1.70 | 1.64 | 1.65 | 1.63 |
| — | +12.8% | +8.7% | +2.4% | +9.5% | -0.8% | +5.1% | +7.1% | +4.1% | +5.8% | +3.3% | +1.8% | +1.7% | |
| Quick Ratio | 1.36 | 1.40 | 1.36 | 1.36 | 1.38 | 1.27 | 1.33 | 1.32 | 1.23 | 1.19 | 1.12 | 1.14 | 1.12 |
| — | +10.0% | +2.4% | +3.5% | +12.4% | +6.6% | +18.5% | +16.1% | +10.1% | +10.2% | +7.4% | -0.7% | -3.4% | |
| Interest Coverage | 1.69 | 0.73 | 1.04 | 0.26 | 0.77 | — | — | 7.98 | 5.41 | 2.13 | 0.95 | 3.87 | 3.00 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying CRNT stock.
Ceragon Networks Ltd.'s current P/E is -115.9x. The average P/E over the last 2 quarters is 1158.3x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Ceragon Networks Ltd.'s current operating margin is 3.3%. 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 Ceragon Networks Ltd.'s business trajectory between earnings reports.