Last 22 quarters of trend data · Technology · Hardware, Equipment & Parts
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Deswell Industries, Inc.'s quarterly P/E stands at 1.9x, down 54.0% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 71.6% YoY to 1.1x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q4 '25 | Q2 '25 | Q4 '24 | Q2 '24 | Q4 '23 | Q2 '23 | Q4 '22 | Q2 '22 | Q4 '21 | Q2 '21 | Q4 '20 | Q2 '20 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 4.86 | 1.90 | 1.63 | 2.15 | 2.69 | 4.14 | — | 3.66 | 3.30 | 2.10 | 6.93 | — | 8.47 |
| — | -54.0% | — | -41.2% | -18.3% | +97.1% | — | — | -61.1% | -73.6% | +36.6% | — | +208.1% | |
| P/S Ratio | 0.80 | 0.29 | 0.28 | 0.28 | 0.25 | 0.32 | 0.28 | 0.32 | 0.36 | 0.38 | 0.38 | 0.32 | 0.28 |
| — | -9.4% | +1.1% | -11.7% | -30.1% | -15.6% | -27.5% | +0.5% | +27.9% | -0.0% | -4.6% | -21.3% | -20.4% | |
| P/B Ratio | 0.53 | 0.37 | 0.40 | 0.38 | 0.41 | 0.47 | 0.56 | 0.65 | 0.65 | 0.66 | 0.53 | 0.44 | 0.50 |
| — | -22.0% | -28.2% | -41.0% | -36.0% | -28.2% | +5.6% | +46.8% | +28.4% | +14.6% | -21.3% | -28.8% | -5.5% | |
| P/FCF | 4.11 | 1.56 | 1.38 | 1.12 | 1.96 | 1.24 | 3.38 | — | — | — | 2.97 | 0.86 | 4.54 |
| — | +25.7% | -59.2% | — | — | — | +13.8% | — | — | — | — | -83.4% | -32.3% | |
| EV / EBITDA | 5.40 | 1.06 | 2.52 | 15.12 | 1.78 | 3.72 | 2.92 | 4.36 | 5.08 | 3.19 | 3.25 | 2.19 | 3.11 |
| — | -71.6% | -13.5% | +246.9% | -64.9% | +16.6% | -10.2% | +98.8% | +63.5% | -39.5% | -63.2% | -59.3% | +0.1% | |
| EV / EBIT | 7.87 | 3.90 | 3.58 | 3.21 | 1.37 | 9.33 | 4.14 | 11.59 | 16.79 | 8.39 | 3.26 | 10.63 | 5.31 |
| — | -58.2% | -13.6% | -72.3% | -91.8% | +11.1% | +27.0% | +9.0% | +216.2% | -41.4% | -98.5% | -34.5% | -3.0% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Deswell Industries, Inc.'s operating margin was 4.6% in Q4 2025, down 0.6 pp QoQ and up 3.1 pp YoY. The trailing four-quarter average of 3.5% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 20.9% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q4 '25 | Q2 '25 | Q4 '24 | Q2 '24 | Q4 '23 | Q2 '23 | Q4 '22 | Q2 '22 | Q4 '21 | Q2 '21 | Q4 '20 | Q2 '20 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 20.2% | 20.9% | 19.5% | 20.7% | 19.5% | 17.3% | 16.0% | 16.5% | 16.1% | 20.4% | 20.2% | 19.2% | 17.4% |
| — | +20.9% | +21.9% | +25.5% | +20.9% | -15.0% | -20.8% | -14.3% | -7.0% | +18.1% | +46.8% | +52.7% | -11.3% | |
| Operating Margin | 4.9% | 4.6% | 5.2% | -1.3% | 5.6% | 1.5% | 4.6% | 3.8% | 2.7% | 5.3% | 3.2% | 1.8% | 3.5% |
| — | +199.0% | +12.7% | -134.8% | +106.7% | -71.1% | +45.3% | +109.8% | -23.9% | +185.9% | +2343.9% | +4.1% | -23.6% | |
| Net Margin | 16.5% | 15.3% | 17.6% | 13.1% | 9.4% | 7.9% | -1.3% | 8.9% | 10.8% | 18.0% | 5.5% | -9.3% | 3.3% |
| — | +93.0% | +1495.3% | +47.7% | -12.7% | -56.1% | -122.8% | +195.7% | +226.2% | +277.6% | -30.2% | -213.9% | -73.1% |
| Metric | TTM | Q4 '25 | Q2 '25 | Q4 '24 | Q2 '24 | Q4 '23 | Q2 '23 | Q4 '22 | Q2 '22 | Q4 '21 | Q2 '21 | Q4 '20 | Q2 '20 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.3% | 4.9% | 6.4% | 4.5% | 3.9% | 2.9% | -0.6% | 4.5% | 4.9% | 8.1% | 1.9% | -3.1% | 1.5% |
| — | +67.8% | +1127.7% | -1.3% | -20.5% | -63.6% | -132.7% | +245.0% | +232.3% | +345.2% | -43.1% | -199.1% | -68.6% | |
| ROA | 9.6% | 4.1% | 5.3% | 3.7% | 3.2% | 2.3% | -0.5% | 3.5% | 3.8% | 6.5% | 1.6% | -2.6% | 1.2% |
| — | +76.0% | +1192.7% | +6.2% | -16.6% | -63.7% | -131.1% | +235.7% | +212.8% | +331.5% | -42.2% | -200.8% | -68.7% | |
| ROIC | 3.3% | 1.4% | 1.7% | -0.4% | 2.2% | 0.5% | 2.0% | 1.8% | 1.2% | 2.4% | 1.1% | 0.6% | 1.4% |
| — | +158.4% | -18.0% | -123.4% | +88.9% | -76.8% | +84.0% | +200.9% | -17.3% | +263.9% | +2092.3% | -3.8% | -6.9% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
The current ratio has improved 35.9% YoY to 5.45x, strengthening the short-term liquidity position.
| Metric | TTM | Q4 '25 | Q2 '25 | Q4 '24 | Q2 '24 | Q4 '23 | Q2 '23 | Q4 '22 | Q2 '22 | Q4 '21 | Q2 '21 | Q4 '20 | Q2 '20 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Current Ratio | 5.45 | 5.45 | 4.52 | 5.07 | 4.26 | 4.01 | 3.43 | 3.67 | 3.34 | 3.78 | 3.88 | 4.57 | 3.95 |
| — | +35.9% | +31.6% | +38.1% | +27.6% | +6.0% | -11.5% | -19.7% | -15.3% | -16.0% | +0.5% | +26.8% | +12.9% | |
| Quick Ratio | 4.91 | 4.91 | 3.97 | 4.33 | 3.51 | 3.15 | 2.59 | 2.68 | 2.55 | 3.02 | 3.33 | 3.97 | 3.35 |
| — | +55.8% | +53.4% | +61.8% | +37.7% | +4.5% | -22.4% | -32.6% | -24.1% | -17.6% | +5.3% | +35.6% | +23.1% | |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 22 years · Updated daily
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Deswell Industries, Inc.'s current P/E is 4.9x. The average P/E over the last 4 quarters is 2.1x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Deswell Industries, Inc.'s current operating margin is 4.9%. 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 Deswell Industries, Inc.'s business trajectory between earnings reports.