Last 48 quarters of trend data · Financial Services · Banks - Regional
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 11.44 | 8.58 | 9.05 | 8.48 | 7.54 | 9.38 | 8.93 | 6.77 | 9.19 | 7.52 | 9.01 | 8.72 | 6.41 | 7.52 | 7.26 | 7.74 | 6.46 | 6.04 | 8.04 | 7.22 | 6.71 |
| — | -8.5% | +1.3% | +25.4% | -18.0% | +24.8% | -0.9% | -22.4% | +43.3% | -0.1% | +24.1% | +12.6% | -0.8% | +24.5% | -9.7% | +7.2% | -3.7% | -15.1% | +45.7% | +11.4% | -6.1% | |
| P/S Ratio | 3.44 | 2.78 | 2.49 | 2.63 | 2.35 | 2.52 | 2.35 | 2.28 | 2.43 | 1.98 | 2.10 | 2.22 | 1.64 | 1.69 | 1.77 | 2.17 | 1.95 | 2.10 | 2.34 | 2.11 | 2.12 |
| — | +10.3% | +6.2% | +15.2% | -3.4% | +27.3% | +11.7% | +2.8% | +47.8% | +16.8% | +18.7% | +2.2% | -15.8% | -19.4% | -24.5% | +3.1% | -8.0% | +3.6% | +26.2% | +57.6% | +83.0% | |
| P/B Ratio | 1.52 | 1.31 | 1.16 | 1.19 | 1.17 | 1.20 | 1.14 | 1.14 | 1.19 | 0.98 | 1.02 | 1.12 | 0.87 | 0.87 | 0.93 | 1.15 | 1.05 | 1.03 | 1.10 | 1.03 | 1.06 |
| — | +9.5% | +1.8% | +4.5% | -1.6% | +21.8% | +11.5% | +1.7% | +36.8% | +12.8% | +9.7% | -2.1% | -17.6% | -15.1% | -15.4% | +11.1% | -1.1% | +0.2% | +13.4% | +37.4% | +77.7% | |
| P/FCF | 9.49 | 2.97 | 37.85 | 6.89 | 5.72 | 6.65 | 8.54 | 4.28 | 6.42 | 5.93 | 9.19 | 6.24 | 4.01 | 4.91 | 6.82 | 12.71 | 5.02 | 4.49 | 33.13 | 5.42 | 6.17 |
| — | -55.3% | +343.1% | +60.9% | -10.8% | +12.2% | -7.1% | -31.4% | +60.1% | +20.7% | +34.8% | -50.9% | -20.2% | +9.3% | -79.4% | +134.4% | -18.6% | -35.9% | +328.5% | +196.2% | -16.8% | |
| EV / EBITDA | 12.59 | 13.37 | 10.04 | 9.65 | 8.81 | 10.02 | 8.84 | 8.36 | 10.76 | 10.40 | 13.67 | 9.90 | 9.31 | 10.67 | 8.16 | 12.25 | 9.63 | 12.13 | 12.53 | 12.21 | 10.47 |
| — | +33.5% | +13.5% | +15.4% | -18.1% | -3.7% | -35.3% | -15.5% | +15.5% | -2.6% | +67.6% | -19.2% | -3.4% | -12.0% | -34.9% | +0.4% | -8.0% | +106.6% | +12.2% | -24.1% | -53.6% | |
| EV / EBIT | 13.37 | 14.15 | 10.69 | 10.22 | 9.32 | 10.73 | 9.42 | 8.92 | 11.55 | 11.22 | 14.69 | 10.53 | 10.06 | 11.62 | 8.79 | 13.21 | 10.36 | 12.92 | 13.75 | 13.12 | 11.21 |
| — | +31.9% | +13.5% | +14.6% | -19.3% | -4.4% | -35.9% | -15.4% | +14.9% | -3.4% | +67.2% | -20.2% | -3.0% | -10.1% | -36.1% | +0.7% | -7.5% | +103.3% | +14.6% | -27.8% | -57.1% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 57.3% | 60.7% | 58.5% | 57.5% | 58.7% | 55.9% | 56.9% | 56.5% | 54.2% | 55.5% | 54.3% | 55.1% | 59.3% | 60.3% | 66.5% | 74.5% | 85.2% | 101.1% | 93.8% | 93.5% | 98.3% |
| — | +8.5% | +2.8% | +1.8% | +8.3% | +0.8% | +4.8% | +2.5% | -8.6% | -8.0% | -18.4% | -26.0% | -30.4% | -40.3% | -29.1% | -20.4% | -13.3% | +8.0% | -3.5% | +20.6% | +32.0% | |
| Operating Margin | 21.6% | 22.8% | 20.3% | 23.1% | 23.7% | 19.5% | 20.1% | 22.5% | 19.4% | 18.9% | 16.9% | 20.2% | 20.2% | 19.9% | 23.4% | 27.7% | 35.1% | 43.7% | 34.3% | 36.8% | 38.7% |
| — | +17.0% | +1.5% | +3.0% | +22.1% | +3.0% | +18.3% | +11.4% | -4.2% | -4.9% | -27.4% | -27.3% | -42.3% | -54.4% | -31.9% | -24.7% | -9.3% | +25.6% | -16.9% | +61.8% | +110.7% | |
| Net Margin | 18.0% | 21.2% | 17.3% | 19.0% | 19.6% | 16.7% | 16.6% | 21.2% | 15.9% | 16.0% | 14.1% | 15.8% | 16.7% | 15.3% | 17.8% | 22.4% | 27.1% | 33.0% | 27.4% | 27.6% | 29.6% |
| — | +27.0% | +3.7% | -10.3% | +23.7% | +4.1% | +17.7% | +34.0% | -5.3% | +4.7% | -20.5% | -29.6% | -38.2% | -53.7% | -35.1% | -18.7% | -8.7% | +24.1% | -12.6% | +46.2% | +104.2% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 14.4% | 4.0% | 3.2% | 3.7% | 4.1% | 3.4% | 3.4% | 4.5% | 3.4% | 3.5% | 3.0% | 3.4% | 3.6% | 3.1% | 3.4% | 4.0% | 4.3% | 4.5% | 3.6% | 3.8% | 4.1% |
| — | +19.8% | -3.4% | -18.8% | +20.0% | -3.3% | +11.6% | +31.4% | -5.1% | +12.2% | -11.6% | -13.4% | -16.5% | -31.7% | -6.2% | +5.4% | +4.5% | +19.8% | -21.5% | +25.5% | +91.1% | |
| ROA | 1.3% | 0.4% | 0.3% | 0.3% | 0.4% | 0.3% | 0.3% | 0.4% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.4% | 0.4% | 0.3% | 0.3% | 0.3% |
| — | +24.2% | +1.4% | -13.8% | +24.7% | -1.7% | +14.0% | +35.0% | -3.5% | +12.8% | -14.0% | -19.1% | -22.7% | -36.3% | -9.4% | +6.3% | +14.0% | +35.7% | -14.0% | +39.3% | +99.4% | |
| ROIC | 7.0% | 1.5% | 1.6% | 1.9% | 2.1% | 1.6% | 1.6% | 1.7% | 1.5% | 1.4% | 1.2% | 1.5% | 1.4% | 1.3% | 1.3% | 1.3% | 1.4% | 1.5% | 1.2% | 1.3% | 1.4% |
| — | -5.9% | +4.0% | +11.3% | +40.3% | +14.1% | +30.0% | +18.7% | +6.8% | +8.9% | -8.1% | +9.0% | +0.5% | -12.2% | +6.5% | +0.1% | -1.5% | +21.1% | -15.1% | +63.1% | +136.1% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.70 | 1.51 | 0.82 | 0.70 | 0.77 | 0.82 | 0.88 | 1.00 | 1.14 | 1.10 | 1.31 | 1.17 | 1.33 | 1.39 | 1.32 | 1.79 | 1.69 | 2.42 | 1.72 | 1.80 | 1.82 |
| — | +82.8% | -6.7% | -30.1% | -33.1% | -25.2% | -33.2% | -15.0% | -13.9% | -20.9% | -0.6% | -34.5% | -21.3% | -42.4% | -23.4% | -0.6% | -7.2% | +22.7% | -20.5% | -14.7% | -27.0% | |
| Debt / EBITDA | 4.04 | 33.51 | 20.28 | 15.09 | 14.92 | 19.83 | 20.53 | 20.10 | 25.83 | 25.18 | 34.27 | 25.61 | 28.73 | 32.12 | 27.69 | 34.50 | 28.28 | 38.30 | 35.45 | 33.98 | 31.86 |
| — | +68.9% | -1.2% | -24.9% | -42.2% | -21.2% | -40.1% | -21.5% | -10.1% | -21.6% | +23.8% | -25.8% | +1.6% | -16.1% | -21.9% | +1.5% | -11.2% | +2.2% | +4.9% | -35.3% | -59.8% | |
| Current Ratio | 0.31 | 17.05 | 0.15 | 0.13 | 0.02 | 0.16 | 0.17 | 0.17 | 0.16 | 0.14 | 0.15 | 0.16 | 0.16 | 0.15 | 0.18 | 0.15 | 0.16 | 0.17 | 0.17 | 0.15 | 0.17 |
| — | +10645.0% | -11.8% | -22.6% | -87.4% | +11.9% | +15.1% | +2.3% | -0.7% | -5.4% | -16.2% | +8.3% | +0.4% | -14.0% | +3.8% | +3.2% | -8.9% | -35.6% | +23.1% | -0.7% | +21.8% | |
| Quick Ratio | 0.31 | 17.05 | 0.15 | 0.13 | 0.02 | 0.16 | 0.17 | 0.17 | 0.16 | 0.14 | 0.15 | 0.16 | 0.16 | 0.15 | 0.18 | 0.15 | 0.16 | 0.17 | 0.17 | 0.15 | 0.17 |
| — | +10645.0% | -11.8% | -22.6% | -87.4% | +11.9% | +15.1% | +2.3% | -0.7% | -5.4% | -16.2% | +8.3% | +0.4% | -14.0% | +3.8% | +3.2% | -8.9% | -35.6% | +23.1% | -0.7% | +21.8% | |
| Interest Coverage | 0.55 | 0.62 | 0.55 | 0.58 | 0.60 | 0.49 | 0.51 | 0.57 | 0.45 | 0.45 | 0.40 | 0.49 | 0.54 | 0.56 | 0.77 | 1.16 | 2.38 | 4.39 | 3.86 | 4.33 | 4.31 |
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Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying FBIZ stock.
First Business Financial Services, Inc.'s current P/E is 11.4x. The average P/E over the last 4 quarters is 8.4x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
First Business Financial Services, Inc.'s current operating margin is 21.6%. 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 First Business Financial Services, Inc.'s business trajectory between earnings reports.