Last 46 quarters of trend data · Financial Services · Banks - Regional
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
First Financial Bankshares, Inc.'s quarterly P/E stands at 23.4x, down 1.5% year-over-year. EV/EBITDA has compressed 6.6% YoY to 15.9x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 20.76 | 23.37 | 19.14 | 20.88 | 20.96 | 23.72 | 19.95 | 22.17 | 23.67 | 17.94 | 19.78 | 21.55 | 20.98 |
| — | -1.5% | -4.1% | -5.8% | -11.5% | +32.2% | +0.8% | +2.9% | +12.9% | -29.7% | -15.4% | -23.8% | -35.6% | |
| P/S Ratio | 6.23 | 5.74 | 6.23 | 6.65 | 6.68 | 7.02 | 5.82 | 6.68 | 6.73 | 5.62 | 6.55 | 7.81 | 8.41 |
| — | -18.2% | +7.0% | -0.5% | -0.9% | +24.8% | -11.2% | -14.4% | -19.9% | -47.3% | -36.7% | -36.4% | -41.2% | |
| P/B Ratio | 2.89 | 2.64 | 2.95 | 3.06 | 3.21 | 3.19 | 2.78 | 3.15 | 2.89 | 2.90 | 2.98 | 3.32 | 3.89 |
| — | -17.3% | +6.0% | -2.6% | +11.2% | +10.0% | -6.7% | -5.3% | -25.7% | -45.1% | -29.6% | -21.7% | -6.1% | |
| P/FCF | 15.73 | 15.74 | 21.82 | 17.23 | 16.19 | 17.06 | 16.55 | 16.36 | 19.74 | 13.09 | 18.71 | 12.74 | 18.72 |
| — | -7.7% | +31.8% | +5.4% | -18.0% | +30.3% | -11.5% | +28.4% | +5.4% | -21.9% | -7.4% | -32.7% | -15.2% | |
| EV / EBITDA | 14.17 | 15.89 | 13.26 | 13.72 | 14.45 | 17.01 | 15.03 | 16.30 | 17.70 | 15.61 | 16.66 | 17.64 | 17.71 |
| — | -6.6% | -11.8% | -15.8% | -18.4% | +9.0% | -9.7% | -7.6% | -0.0% | -27.2% | -15.0% | -24.3% | -33.9% | |
| EV / EBIT | 14.87 | 16.87 | 13.74 | 14.36 | 15.12 | 17.82 | 15.80 | 17.11 | 18.74 | 16.39 | 17.51 | 18.48 | 18.50 |
| — | -5.3% | -13.0% | -16.0% | -19.3% | +8.7% | -9.8% | -7.5% | +1.3% | -26.8% | -14.5% | -24.4% | -34.2% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
First Financial Bankshares, Inc.'s operating margin was 30.0% in Q3 2025, down 9.7 pp QoQ and down 5.5 pp YoY. The trailing four-quarter average of 37.0% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin contracted 7.9% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 70.8% | 63.3% | 74.6% | 73.2% | 73.8% | 68.8% | 69.0% | 71.5% | 72.2% | 72.8% | 75.1% | 80.8% | 85.5% |
| — | -7.9% | +8.2% | +2.4% | +2.2% | -5.5% | -8.2% | -11.6% | -15.6% | -19.9% | -19.8% | -15.0% | -12.2% | |
| Operating Margin | 36.8% | 30.0% | 39.7% | 38.8% | 39.3% | 35.5% | 35.1% | 37.0% | 34.8% | 37.8% | 40.3% | 44.0% | 48.3% |
| — | -15.4% | +13.3% | +5.0% | +12.8% | -6.0% | -12.9% | -16.0% | -27.9% | -25.8% | -24.5% | -14.7% | -6.7% | |
| Net Margin | 30.2% | 24.9% | 32.4% | 31.7% | 32.2% | 29.3% | 28.9% | 30.4% | 28.6% | 31.0% | 32.7% | 36.0% | 40.1% |
| — | -15.1% | +12.1% | +4.2% | +12.7% | -5.5% | -11.6% | -15.5% | -28.6% | -26.7% | -26.6% | -17.3% | -7.7% |
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 14.4% | 2.9% | 3.9% | 3.7% | 3.8% | 3.5% | 3.5% | 3.6% | 3.4% | 3.8% | 3.7% | 4.0% | 4.9% |
| — | -15.7% | +11.9% | +4.5% | +13.6% | -8.5% | -6.1% | -10.4% | -31.4% | -21.2% | -13.5% | +15.6% | +54.4% | |
| ROA | 1.7% | 0.4% | 0.5% | 0.4% | 0.5% | 0.4% | 0.4% | 0.4% | 0.4% | 0.4% | 0.4% | 0.4% | 0.4% |
| — | -13.5% | +16.7% | +6.8% | +27.3% | +6.8% | +1.1% | +0.4% | -21.0% | -14.0% | -13.5% | -4.5% | +4.2% | |
| ROIC | 11.0% | 2.6% | 3.4% | 3.2% | 3.2% | 2.9% | 2.7% | 2.6% | 2.2% | 2.3% | 2.4% | 2.5% | 2.8% |
| — | -13.0% | +26.1% | +21.1% | +48.9% | +27.9% | +14.8% | +6.0% | -22.4% | -14.2% | -5.1% | +15.8% | +35.2% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
First Financial Bankshares, Inc.'s Debt/EBITDA ratio is 1.1x, up from 0.8x last quarter — comfortably within a safe range.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.12 | 0.04 | 0.04 | 0.05 | 0.12 | 0.05 | 0.11 | 0.22 | 0.27 | 0.61 | 0.43 | 0.46 | 0.51 |
| — | -21.1% | -62.3% | -77.8% | -54.5% | -91.7% | -75.1% | -51.4% | -46.9% | -11.4% | -25.7% | -9.5% | +33.1% | |
| Debt / EBITDA | 0.69 | 1.08 | 0.83 | 1.06 | 2.48 | 1.18 | 2.43 | 4.91 | 6.81 | 11.85 | 8.93 | 9.40 | 8.70 |
| — | -8.5% | -65.9% | -78.3% | -63.6% | -90.0% | -72.8% | -47.8% | -21.6% | +14.1% | -12.1% | -13.8% | -10.2% | |
| Current Ratio | 0.09 | 0.43 | 0.27 | 0.27 | 0.09 | 0.44 | 0.43 | 0.45 | 0.46 | 0.44 | 0.47 | 0.50 | 0.50 |
| — | -3.0% | -36.6% | -40.0% | -81.1% | -0.2% | -9.0% | -9.1% | -8.4% | -14.3% | -16.5% | -17.8% | -21.1% | |
| Quick Ratio | 0.09 | 0.43 | 0.27 | 0.27 | 0.09 | 0.44 | 0.43 | 0.45 | 0.46 | 0.44 | 0.47 | 0.50 | 0.50 |
| — | -3.0% | -36.6% | -40.0% | -81.1% | -0.2% | -9.0% | -9.1% | -8.4% | -14.3% | -16.5% | -17.8% | -21.1% | |
| Interest Coverage | 1.34 | 1.20 | 1.67 | 1.56 | 1.53 | 1.27 | 1.26 | 1.32 | 1.25 | 1.47 | 1.89 | 2.55 | 4.13 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 46 years · Updated daily
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First Financial Bankshares, Inc.'s current P/E is 20.8x. The average P/E over the last 4 quarters is 21.1x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
First Financial Bankshares, Inc.'s current operating margin is 36.8%. 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 Financial Bankshares, Inc.'s business trajectory between earnings reports.