Last 42 quarters of trend data · Financial Services · Banks - Regional
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
First Hawaiian, Inc.'s quarterly P/E stands at 11.3x, down 28.6% year-over-year — suggesting improving earnings relative to price.
| 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 → | 12.88 | 11.29 | 10.52 | 10.76 | 13.00 | 15.82 | 12.06 | 10.81 | 13.07 | 15.45 | 9.81 | 9.19 | 9.92 |
| — | -28.6% | -12.7% | -0.5% | -0.5% | +2.4% | +22.9% | +17.7% | +31.8% | +47.1% | -14.0% | -25.6% | -36.0% | |
| P/S Ratio | 2.98 | 2.69 | 2.67 | 2.78 | 2.80 | 3.18 | 2.52 | 2.31 | 2.45 | 2.51 | 2.08 | 2.14 | 2.59 |
| — | -15.5% | +5.6% | +20.3% | +14.4% | +26.8% | +21.4% | +8.0% | -5.7% | -27.8% | -43.4% | -45.0% | -50.3% | |
| P/B Ratio | 1.28 | 1.13 | 1.14 | 1.17 | 1.17 | 1.27 | 1.12 | 1.04 | 1.12 | 1.18 | 0.98 | 0.98 | 1.13 |
| — | -10.7% | +1.0% | +11.6% | +4.8% | +7.9% | +14.4% | +7.0% | -1.2% | -19.8% | -31.3% | -24.4% | -27.5% | |
| P/FCF | 11.48 | 7.85 | 15.67 | 6.27 | 27.15 | 8.11 | 14.22 | 9.22 | 11.42 | 21.84 | 26.12 | 5.62 | 8.14 |
| — | -3.2% | +10.2% | -32.0% | +137.6% | -62.8% | -45.6% | +64.0% | +40.3% | +179.3% | +401.5% | -25.6% | -42.0% | |
| EV / EBITDA | 9.18 | 7.82 | 3.00 | 5.11 | 5.99 | 8.11 | 6.24 | 5.69 | 6.36 | 5.79 | 6.04 | 6.06 | 6.33 |
| — | -3.5% | -51.9% | -10.3% | -5.9% | +40.1% | +3.3% | -6.1% | +0.5% | -7.0% | +15.7% | +66.6% | +20.4% | |
| EV / EBIT | 9.18 | 7.82 | 3.24 | 5.65 | 6.64 | 9.29 | 7.04 | 6.34 | 7.22 | 6.75 | 6.86 | 6.89 | 7.10 |
| — | -15.8% | -53.9% | -10.9% | -8.0% | +37.7% | +2.6% | -8.0% | +1.7% | -3.4% | +14.9% | +58.8% | +12.3% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
First Hawaiian, Inc.'s operating margin was 31.8% in Q4 2025, down 1.2 pp QoQ and up 7.1 pp YoY. Gross margin expanded 7.9% YoY, indicating pricing power or improving input costs.
| 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 | 73.1% | 74.6% | 73.3% | 72.5% | 69.3% | 69.2% | 65.8% | 67.4% | 66.4% | 67.6% | 67.5% | 72.4% | 78.3% |
| — | +7.9% | +11.3% | +7.6% | +4.5% | +2.3% | -2.5% | -6.9% | -15.3% | -22.1% | -26.7% | -25.4% | -23.0% | |
| Operating Margin | 30.3% | 31.8% | 33.0% | 31.2% | 27.7% | 24.7% | 25.9% | 28.0% | 24.6% | 21.4% | 27.5% | 30.3% | 34.9% |
| — | +28.6% | +27.4% | +11.3% | +12.8% | +15.6% | -5.7% | -7.4% | -29.7% | -50.1% | -36.0% | -28.6% | -22.3% | |
| Net Margin | 23.6% | 23.9% | 25.4% | 25.9% | 21.3% | 20.1% | 20.9% | 21.5% | 18.8% | 16.3% | 21.0% | 23.2% | 26.3% |
| — | +19.2% | +21.6% | +20.7% | +13.2% | +23.3% | -0.5% | -7.4% | -28.3% | -50.9% | -34.9% | -27.0% | -22.2% |
| 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 | 10.3% | 2.5% | 2.7% | 2.7% | 2.3% | 2.0% | 2.4% | 2.4% | 2.2% | 2.0% | 2.5% | 2.7% | 2.9% |
| — | +27.5% | +15.0% | +12.1% | +3.7% | +1.5% | -4.3% | -8.2% | -25.4% | -44.8% | -20.3% | +1.8% | +24.4% | |
| ROA | 1.2% | 0.3% | 0.3% | 0.3% | 0.2% | 0.2% | 0.3% | 0.3% | 0.2% | 0.2% | 0.2% | 0.3% | 0.3% |
| — | +32.0% | +19.7% | +20.0% | +13.2% | +15.9% | +9.3% | +1.5% | -18.6% | -40.9% | -14.2% | +7.3% | +17.1% | |
| ROIC | 9.4% | 2.5% | 2.5% | 2.3% | 2.0% | 1.7% | 1.9% | 2.0% | 1.8% | 1.5% | 1.8% | 2.1% | 2.5% |
| — | +50.6% | +31.7% | +13.2% | +13.3% | +13.8% | +4.5% | -2.9% | -28.1% | -56.5% | -40.5% | -21.4% | +5.3% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| 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 | 0.09 | 0.20 | 0.20 | 0.20 | 0.43 | 0.21 | 0.32 |
| — | — | — | -52.7% | -52.5% | -52.5% | -77.8% | -7.5% | -38.2% | +508.5% | — | — | — | |
| Debt / EBITDA | — | — | — | 2.56 | 2.93 | 3.37 | 2.90 | 5.56 | 6.23 | 6.86 | 11.52 | 5.40 | 7.52 |
| — | — | — | -53.9% | -53.0% | -50.9% | -74.8% | +2.9% | -17.1% | +958.6% | — | — | — | |
| Current Ratio | 0.03 | — | 0.20 | 0.10 | 0.09 | 0.08 | 0.18 | 0.18 | 0.18 | 0.20 | 0.19 | 0.18 | 0.20 |
| — | — | +12.4% | -45.3% | -51.6% | -59.7% | -8.0% | -3.8% | -8.1% | +9.7% | -7.4% | -28.4% | +134.2% | |
| Quick Ratio | 0.03 | — | 0.20 | 0.10 | 0.09 | 0.08 | 0.18 | 0.18 | 0.18 | 0.20 | 0.19 | 0.18 | 0.20 |
| — | — | +12.4% | -45.3% | -51.6% | -59.7% | -8.0% | -3.8% | -8.1% | +9.7% | -7.4% | -28.4% | +134.2% | |
| Interest Coverage | 1.23 | 1.40 | 1.31 | 1.20 | 1.03 | 0.80 | 0.82 | 0.88 | 0.78 | 0.70 | 0.92 | 1.18 | 1.92 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 42 years · Updated daily
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Quick answers to the most common questions about buying FHB stock.
First Hawaiian, Inc.'s current P/E is 12.9x. The average P/E over the last 4 quarters is 11.4x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
First Hawaiian, Inc.'s current operating margin is 30.3%. 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 First Hawaiian, Inc.'s business trajectory between earnings reports.