Last 9 quarters of trend data · Technology · Software - Infrastructure
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
FatPipe, Inc. Common Stock's quarterly P/E stands at 2.2x.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 17.40 | 2.18 | 22.65 | — | 49.20 | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 4.45 | 1.18 | 1.72 | 5.61 | 8.64 | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | |
| P/B Ratio | 3.38 | 1.36 | 1.33 | 4.23 | 6.67 | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | |
| P/FCF | — | — | 30.06 | 54.55 | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | 21.70 | 3.85 | 13.74 | 214.39 | 31.16 | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | |
| EV / EBIT | 23.93 | 3.97 | 17.25 | 316.19 | 33.24 | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
FatPipe, Inc. Common Stock's operating margin was 30.2% in Q4 2025, up 20.4 pp QoQ and up 24.4 pp YoY. This marks the 3rd consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of 16.4% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin contracted 8.6% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 76.4% | 80.4% | 87.7% | 92.1% | 94.2% | 87.9% | 87.9% | 92.4% | 92.4% | 91.6% |
| — | -8.6% | -0.3% | -0.4% | +1.9% | -4.0% | — | — | — | — | |
| Operating Margin | 18.7% | 30.2% | 9.8% | -0.0% | 25.5% | 5.9% | 5.9% | 22.9% | 22.9% | 44.3% |
| — | +415.2% | +67.7% | -100.1% | +11.1% | -86.8% | — | — | — | — | |
| Net Margin | 25.9% | 54.8% | 7.6% | -1.1% | 18.8% | 2.7% | 2.7% | 16.7% | 16.7% | 43.5% |
| — | +1946.1% | +183.6% | -106.6% | +12.9% | -93.8% | — | — | — | — |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 24.2% | 17.1% | 1.5% | -0.2% | 4.1% | 0.5% | 0.5% | 4.1% | 4.5% | 16.7% |
| — | +3198.1% | +187.9% | -105.1% | -8.3% | -96.9% | — | — | — | — | |
| ROA | 15.8% | 11.8% | 1.0% | -0.1% | 2.5% | 0.3% | 0.3% | 2.5% | — | 10.9% |
| — | +3692.1% | +190.5% | -105.4% | — | -97.1% | — | — | — | — | |
| ROIC | 11.9% | 7.0% | 1.5% | -0.0% | 3.7% | 0.7% | 0.7% | 3.9% | 4.3% | 11.3% |
| — | +887.0% | +101.9% | -100.1% | -13.9% | -93.7% | — | — | — | — |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
FatPipe, Inc. Common Stock's Debt/EBITDA ratio is 2.5x, down from 11.5x last quarter — at a moderate level that warrants monitoring. The current ratio has improved 92.9% YoY to 3.85x, strengthening the short-term liquidity position. Debt/Equity has declined for 5 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.23 | 0.23 | 0.27 | 0.29 | 0.31 | 0.41 | 0.25 | 0.24 | — | 0.20 |
| — | -45.3% | +8.6% | +20.6% | — | +105.0% | — | — | — | — | |
| Debt / EBITDA | 1.44 | 2.53 | 11.47 | 58.57 | 5.77 | 20.75 | 13.22 | 3.92 | — | 1.05 |
| — | -87.8% | -13.3% | +1393.3% | — | +1872.0% | — | — | — | — | |
| Current Ratio | 3.85 | 3.85 | 2.71 | 2.74 | 2.59 | 2.00 | 2.27 | 2.03 | — | 1.98 |
| — | +92.9% | +19.3% | +35.2% | — | +1.0% | — | — | — | — | |
| Quick Ratio | 3.75 | 3.75 | 2.68 | 2.69 | 2.53 | 1.93 | 2.18 | 2.00 | — | 1.95 |
| — | +94.0% | +23.0% | +34.6% | — | -1.1% | — | — | — | — | |
| Interest Coverage | 7.56 | 12.48 | 3.87 | 0.56 | 14.68 | 2.22 | 2.22 | 9.98 | 9.98 | 31.44 |
| — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 9 years · Updated daily
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FatPipe, Inc. Common Stock's current P/E is 17.4x. The average P/E over the last 3 quarters is 24.7x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
FatPipe, Inc. Common Stock's current operating margin is 18.7%. 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 FatPipe, Inc. Common Stock's business trajectory between earnings reports.