Last 47 quarters of trend data · Financial Services · Banks - Regional
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Farmers & Merchants Bancorp, Inc.'s quarterly P/E stands at 8.7x, down 27.9% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 5.3% YoY to 10.6x, 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 → | 8.46 | 8.70 | 9.77 | 11.29 | 11.72 | 12.07 | 14.40 | 13.82 | 14.29 | 15.12 | 12.52 | 12.79 | 12.67 |
| — | -27.9% | -32.2% | -18.3% | -18.0% | -20.2% | +15.0% | +8.1% | +12.8% | +17.9% | +26.8% | -2.9% | -13.1% | |
| P/S Ratio | 2.10 | 1.75 | 1.77 | 1.82 | 1.82 | 2.23 | 2.07 | 1.78 | 1.82 | 2.04 | 1.53 | 2.05 | 2.34 |
| — | -21.3% | -14.5% | +2.1% | +0.2% | +9.0% | +35.4% | -13.2% | -22.3% | -26.9% | -49.1% | -48.6% | -48.6% | |
| P/B Ratio | 1.06 | 0.92 | 0.94 | 0.98 | 0.94 | 1.20 | 1.12 | 0.98 | 0.96 | 1.07 | 0.79 | 1.01 | 1.08 |
| — | -23.6% | -16.1% | -0.9% | -2.0% | +12.4% | +41.3% | -2.3% | -11.4% | -13.7% | -36.5% | -34.2% | -33.8% | |
| P/FCF | 11.45 | 6.15 | 7.89 | 222.30 | 7.62 | 53.62 | 5.11 | 8.68 | 60.27 | 9.80 | 39.28 | 190.84 | 128.55 |
| — | -88.5% | +54.5% | +2461.6% | -87.4% | +447.3% | -87.0% | -95.5% | -53.1% | +88.7% | — | +2385.4% | +717.8% | |
| EV / EBITDA | 14.08 | 10.59 | 8.77 | 11.08 | 11.07 | 11.19 | 11.47 | 12.84 | 12.98 | 15.78 | 14.12 | 16.34 | 13.00 |
| — | -5.3% | -23.6% | -13.7% | -14.7% | -29.1% | -18.7% | -21.5% | -0.2% | +24.6% | +43.6% | +47.3% | +15.9% | |
| EV / EBIT | 14.08 | 10.59 | 10.38 | 12.98 | 13.04 | 12.69 | 13.93 | 15.74 | 16.05 | 19.05 | 17.64 | 19.47 | 15.32 |
| — | -16.5% | -25.5% | -17.5% | -18.8% | -33.4% | -21.0% | -19.2% | +4.7% | +33.3% | +65.9% | +60.0% | +24.6% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Farmers & Merchants Bancorp, Inc.'s operating margin was 26.4% in Q4 2025, up 2.9 pp QoQ and up 3.2 pp YoY. This marks the 4th consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of 22.5% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 11.8% 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 | 62.3% | 64.3% | 62.6% | 60.8% | 60.3% | 57.5% | 55.0% | 54.3% | 57.1% | 54.6% | 56.3% | 64.5% | 68.9% |
| — | +11.8% | +13.9% | +11.9% | +5.6% | +5.2% | -2.3% | -15.8% | -17.1% | -28.8% | -32.2% | -25.3% | -23.0% | |
| Operating Margin | 22.5% | 26.4% | 23.5% | 20.6% | 19.7% | 23.2% | 18.0% | 16.0% | 16.2% | 16.6% | 15.1% | 20.1% | 22.8% |
| — | +13.6% | +30.8% | +28.4% | +21.8% | +40.1% | +19.1% | -20.3% | -28.9% | -38.3% | -61.0% | -47.4% | -41.8% | |
| Net Margin | 17.6% | 20.1% | 18.5% | 16.4% | 15.6% | 18.5% | 14.4% | 12.7% | 12.8% | 13.4% | 12.2% | 16.0% | 18.3% |
| — | +8.9% | +28.3% | +28.6% | +22.3% | +38.4% | +18.1% | -20.6% | -30.1% | -38.5% | -60.4% | -47.7% | -42.0% |
| 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 | 9.4% | 2.7% | 2.5% | 2.2% | 2.0% | 2.5% | 2.0% | 1.8% | 1.7% | 1.8% | 1.6% | 2.0% | 2.1% |
| — | +6.9% | +25.5% | +25.0% | +21.0% | +39.7% | +26.0% | -9.7% | -21.1% | -28.0% | -50.7% | -32.6% | -22.9% | |
| ROA | 1.0% | 0.3% | 0.3% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.1% | 0.2% | 0.2% |
| — | +15.6% | +35.4% | +33.2% | +26.2% | +45.9% | +29.7% | -10.9% | -23.2% | -31.4% | -54.4% | -37.5% | -30.2% | |
| ROIC | 4.9% | 1.5% | 1.4% | 1.2% | 1.0% | 1.2% | 0.9% | 0.8% | 0.8% | 0.8% | 0.7% | 0.9% | 1.1% |
| — | +24.3% | +50.3% | +39.2% | +27.9% | +50.3% | +35.5% | -12.0% | -30.4% | -39.2% | -62.8% | -48.3% | -36.5% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Farmers & Merchants Bancorp, Inc.'s Debt/EBITDA ratio is 23.4x, up from 18.5x last quarter — elevated, raising questions about debt serviceability. The current ratio has improved 5933.9% YoY to 13.43x, strengthening 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 | 0.81 | 0.81 | 0.68 | 0.72 | 0.89 | 0.92 | 0.97 | 1.02 | 1.01 | 1.04 | 1.09 | 1.16 | 0.75 |
| — | -12.0% | -30.0% | -29.7% | -11.3% | -11.5% | -11.3% | -12.3% | +34.1% | +36.8% | +51.5% | +118.3% | +66.9% | |
| Debt / EBITDA | 7.06 | 23.38 | 18.47 | 22.08 | 29.81 | 25.81 | 33.02 | 37.37 | 38.13 | 39.60 | 44.98 | 39.34 | 24.18 |
| — | -9.4% | -44.1% | -40.9% | -21.8% | -34.8% | -26.6% | -5.0% | +57.7% | +75.7% | +169.2% | +198.6% | +106.8% | |
| Current Ratio | 13.43 | 13.43 | 0.10 | 0.09 | 0.13 | 0.22 | 0.24 | 0.21 | 0.20 | 0.19 | 0.19 | 0.17 | 0.17 |
| — | +5933.9% | -58.9% | -56.1% | -33.8% | +16.8% | +24.5% | +21.4% | +17.9% | +1.3% | -3.3% | -15.8% | -23.6% | |
| Quick Ratio | 13.43 | 13.43 | 0.10 | 0.09 | 0.13 | 0.22 | 0.24 | 0.21 | 0.20 | 0.19 | 0.19 | 0.17 | 0.17 |
| — | +5933.9% | -58.9% | -56.1% | -33.8% | +16.8% | +24.5% | +21.4% | +17.9% | +1.3% | -3.3% | -15.8% | -23.6% | |
| Interest Coverage | 0.61 | 0.76 | 0.64 | 0.55 | 0.51 | 0.55 | 0.40 | 0.36 | 0.37 | 0.37 | 0.35 | 0.57 | 0.80 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
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Quick answers to the most common questions about buying FMAO stock.
Farmers & Merchants Bancorp, Inc.'s current P/E is 8.5x. The average P/E over the last 4 quarters is 10.4x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Farmers & Merchants Bancorp, Inc.'s current operating margin is 22.5%. 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 Farmers & Merchants Bancorp, Inc.'s business trajectory between earnings reports.