Last 24 quarters of trend data · Technology · Software - Application
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
DoubleVerify Holdings, Inc.'s quarterly P/E stands at 15.9x, down 53.7% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 45.6% YoY to 8.4x, reflecting multiple compression or accelerating EBITDA.
| 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 → | 35.13 | 15.89 | 49.92 | 71.29 | 334.25 | 34.30 | 42.10 | 114.53 | 216.50 | 48.39 | 91.10 | 130.78 | 106.31 |
| — | -53.7% | +18.6% | -37.8% | +54.4% | -29.1% | -53.8% | -12.4% | +103.6% | -3.0% | -19.4% | +38.5% | -54.6% | |
| P/S Ratio | 2.28 | 2.32 | 2.64 | 3.30 | 3.42 | 4.35 | 4.32 | 5.49 | 11.00 | 9.34 | 8.44 | 12.55 | 10.55 |
| — | -46.7% | -38.8% | -39.9% | -68.9% | -53.4% | -48.9% | -56.2% | +4.2% | +32.8% | -18.9% | +42.8% | -4.8% | |
| P/B Ratio | 1.55 | 1.69 | 1.85 | 2.29 | 2.19 | 3.06 | 2.59 | 3.10 | 5.64 | 5.99 | 4.81 | 7.19 | 5.73 |
| — | -45.0% | -28.5% | -26.1% | -61.2% | -48.9% | -46.1% | -56.9% | -1.5% | +39.8% | -13.6% | +52.9% | +8.7% | |
| P/FCF | 9.88 | 7.67 | 12.77 | 15.56 | 18.00 | 27.62 | 15.13 | 29.83 | 61.00 | 33.98 | 39.36 | 234.20 | 74.67 |
| — | -72.2% | -15.6% | -47.8% | -70.5% | -18.7% | -61.6% | -87.3% | -18.3% | -12.4% | -40.4% | +384.3% | — | |
| EV / EBITDA | 11.39 | 8.39 | 13.07 | 21.13 | 28.82 | 15.41 | 18.22 | 36.96 | 83.89 | 31.59 | 40.53 | 66.89 | 51.41 |
| — | -45.6% | -28.3% | -42.8% | -65.6% | -51.2% | -55.1% | -44.7% | +63.2% | +32.5% | -19.3% | +54.5% | -41.2% | |
| EV / EBIT | 19.53 | — | 22.58 | 38.13 | 55.52 | 20.68 | 22.63 | 62.16 | 163.10 | 36.97 | 59.04 | 95.02 | 69.32 |
| — | — | -0.2% | -38.7% | -66.0% | -44.1% | -61.7% | -34.6% | +135.3% | +25.2% | -25.9% | +33.1% | -81.3% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
DoubleVerify Holdings, Inc.'s operating margin was 18.4% in Q4 2025, up 7.2 pp QoQ and down 2.0 pp YoY. This marks the 4th consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of 10.2% lags the current quarter, suggesting the recent improvement is above-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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 82.2% | 82.5% | 82.3% | 82.5% | 81.2% | 82.0% | 82.6% | 83.3% | 81.1% | 82.6% | 81.6% | 80.4% | 80.5% |
| — | +0.6% | -0.4% | -0.9% | +0.2% | -0.7% | +1.2% | +3.5% | +0.8% | -0.4% | -1.4% | -2.9% | -2.5% | |
| Operating Margin | 10.6% | 18.4% | 11.2% | 7.2% | 4.1% | 20.3% | 15.2% | 7.1% | 4.9% | 21.9% | 12.7% | 10.9% | 12.4% |
| — | -9.6% | -26.3% | +1.1% | -16.3% | -7.0% | +19.8% | -35.3% | -60.5% | +2.1% | -1.2% | -8.7% | +319.6% | |
| Net Margin | 6.8% | 14.3% | 5.4% | 4.6% | 1.4% | 12.3% | 10.7% | 4.8% | 5.1% | 19.2% | 9.3% | 9.6% | 9.9% |
| — | +16.2% | -49.6% | -3.4% | -71.9% | -36.1% | +15.8% | -50.1% | -48.8% | +42.2% | +0.7% | +2.4% | +109.8% |
| 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 | 4.6% | 2.7% | 0.9% | 0.8% | 0.2% | 2.1% | 1.6% | 0.7% | 0.7% | 3.2% | 1.4% | 1.4% | 1.4% |
| — | +25.7% | -42.2% | +21.6% | -66.1% | -33.4% | +18.7% | -51.4% | -51.8% | +50.9% | +10.3% | +11.0% | +140.9% | |
| ROA | 3.9% | 2.2% | 0.8% | 0.7% | 0.2% | 1.8% | 1.4% | 0.6% | 0.6% | 2.7% | 1.2% | 1.2% | 1.2% |
| — | +22.4% | -44.1% | +16.6% | -67.3% | -34.0% | +19.1% | -50.6% | -50.7% | +54.5% | +13.1% | +12.8% | +135.0% | |
| ROIC | 6.4% | 2.9% | 1.6% | 1.0% | 0.5% | 3.2% | 2.1% | 0.9% | 0.6% | 3.3% | 1.7% | 1.5% | 1.6% |
| — | -10.3% | -22.5% | +14.0% | -8.7% | -3.0% | +19.4% | -40.9% | -63.6% | +7.0% | +10.2% | +6.4% | +383.3% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
DoubleVerify Holdings, Inc.'s Debt/EBITDA ratio is 1.9x, down from 2.8x last quarter — comfortably within a safe range. The current ratio has weakened 20.9% YoY to 4.27x, 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 | 0.09 | 0.09 | 0.10 | 0.10 | 0.10 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.09 | 0.10 | 0.09 |
| — | +4.0% | +15.0% | +15.9% | +24.4% | +5.2% | -4.7% | -14.2% | -12.0% | -15.8% | -13.0% | -7.4% | -9.0% | |
| Debt / EBITDA | 0.73 | 1.91 | 2.84 | 3.67 | 5.50 | 1.81 | 2.53 | 4.11 | 5.05 | 1.76 | 3.05 | 3.67 | 3.48 |
| — | +5.4% | +12.2% | -10.7% | +9.0% | +3.2% | -17.1% | +11.9% | +45.0% | -21.4% | -18.7% | -6.9% | -50.3% | |
| Current Ratio | 4.27 | 4.27 | 3.98 | 4.41 | 3.72 | 5.40 | 6.57 | 7.04 | 7.30 | 6.36 | 6.28 | 7.43 | 6.27 |
| — | -20.9% | -39.5% | -37.4% | -49.1% | -15.0% | +4.6% | -5.3% | +16.4% | -1.6% | -10.4% | -7.8% | -24.4% | |
| Quick Ratio | 4.27 | 4.27 | 3.98 | 4.41 | 3.72 | 5.40 | 6.57 | 7.04 | 7.30 | 6.36 | 6.28 | 7.43 | 6.27 |
| — | -20.9% | -39.5% | -37.4% | -49.1% | -15.0% | +4.6% | -5.3% | +16.4% | -1.6% | -10.4% | -7.8% | -24.4% | |
| Interest Coverage | 45.70 | 93.75 | 45.19 | 30.58 | 16.10 | 129.17 | 72.87 | 47.42 | 29.72 | 136.88 | 63.32 | 59.29 | 59.39 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 24 years · Updated daily
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorSee our Bear / Base / Bull DCF models and intrinsic value estimates.
View ValuationCompare performance and metrics against top competitors.
Start ComparisonDoubleVerify Holdings, Inc.'s current P/E is 35.1x. The average P/E over the last 4 quarters is 117.8x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
DoubleVerify Holdings, Inc.'s current operating margin is 10.6%. Margins have been expanding 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 DoubleVerify Holdings, Inc.'s business trajectory between earnings reports.