Last 48 quarters of trend data · Technology · Internet Content & Information
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Alphabet Inc.'s quarterly P/E stands at 27.7x, up 26.1% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has expanded 38.4% YoY to 23.0x, reflecting rising market expectations or slowing EBITDA growth.
| 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 → | 28.84 | 27.75 | 21.18 | 19.07 | 13.76 | 22.01 | 19.56 | 24.09 | 19.96 | 21.29 | 21.11 | 20.78 | 22.16 |
| — | +26.1% | +8.3% | -20.8% | -31.1% | +3.4% | -7.3% | +15.9% | -9.9% | +1.4% | -6.4% | -7.7% | -21.6% | |
| P/S Ratio | 4.20 | 8.40 | 7.25 | 5.57 | 5.27 | 6.06 | 5.83 | 6.71 | 5.87 | 5.10 | 5.42 | 5.12 | 4.76 |
| — | +38.7% | +24.2% | -17.0% | -10.3% | +18.8% | +7.7% | +31.1% | +23.2% | +35.8% | +19.5% | -1.1% | -30.2% | |
| P/B Ratio | 9.18 | 9.22 | 7.67 | 5.92 | 5.50 | 7.19 | 6.56 | 7.57 | 6.46 | 6.21 | 6.08 | 5.72 | 5.10 |
| — | +28.2% | +16.9% | -21.7% | -14.7% | +15.7% | +7.8% | +32.3% | +26.6% | +39.3% | +23.1% | +1.3% | -30.3% | |
| P/FCF | 23.10 | 38.97 | 30.32 | 101.38 | 25.07 | 23.53 | 29.20 | 42.29 | 28.08 | 55.74 | 18.38 | 17.54 | 19.31 |
| — | +65.6% | +3.8% | +139.7% | -10.7% | -57.8% | +58.9% | +141.1% | +45.4% | +212.6% | -5.7% | -38.8% | -36.3% | |
| EV / EBITDA | 11.54 | 23.00 | 20.20 | 14.92 | 13.54 | 16.63 | 15.89 | 18.28 | 16.39 | 17.45 | 16.93 | 15.52 | 16.63 |
| — | +38.4% | +27.1% | -18.4% | -17.4% | -4.7% | -6.1% | +17.8% | -1.4% | +35.7% | +13.8% | -0.2% | -14.8% | |
| EV / EBIT | 13.42 | 24.54 | 16.87 | 15.82 | 11.36 | 18.11 | 16.27 | 20.61 | 16.67 | 18.01 | 19.47 | 17.44 | 18.23 |
| — | +35.5% | +3.7% | -23.2% | -31.8% | +0.6% | -16.4% | +18.2% | -8.6% | +8.0% | +1.0% | -8.3% | -25.6% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Alphabet Inc.'s operating margin was 31.6% in Q4 2025, up 1.1 pp QoQ and down 0.5 pp YoY. Gross margin expanded 3.3% 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 | 59.7% | 59.8% | 59.6% | 59.5% | 59.7% | 57.9% | 58.7% | 58.1% | 58.1% | 56.5% | 56.7% | 57.2% | 56.1% |
| — | +3.3% | +1.5% | +2.4% | +2.7% | +2.5% | +3.5% | +1.5% | +3.6% | +5.5% | +3.2% | +0.7% | -0.6% | |
| Operating Margin | 32.1% | 31.6% | 30.5% | 32.4% | 33.9% | 32.1% | 32.3% | 32.4% | 31.6% | 27.5% | 27.8% | 29.3% | 25.0% |
| — | -1.5% | -5.6% | +0.2% | +7.2% | +16.9% | +16.1% | +10.6% | +26.7% | +15.0% | +12.2% | +4.9% | -15.5% | |
| Net Margin | 32.8% | 30.3% | 34.2% | 29.2% | 38.3% | 27.5% | 29.8% | 27.9% | 29.4% | 24.0% | 25.7% | 24.6% | 21.6% |
| — | +10.0% | +14.7% | +4.9% | +30.3% | +14.8% | +16.1% | +13.2% | +36.2% | +33.8% | +27.5% | +7.2% | -10.8% |
| 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 | 35.7% | 8.6% | 9.3% | 8.0% | 10.3% | 8.3% | 8.6% | 8.0% | 8.2% | 7.4% | 7.3% | 7.0% | 5.8% |
| — | +3.5% | +9.1% | +0.1% | +25.5% | +11.7% | +17.4% | +14.4% | +41.1% | +39.1% | +33.3% | +10.7% | -10.4% | |
| ROA | 25.3% | 6.1% | 6.7% | 5.8% | 7.5% | 6.0% | 6.2% | 5.7% | 5.8% | 5.2% | 5.1% | 4.9% | 4.1% |
| — | +1.0% | +8.2% | +0.4% | +27.7% | +16.4% | +23.3% | +17.7% | +42.7% | +37.5% | +29.5% | +8.6% | -10.7% | |
| ROIC | 24.7% | 6.3% | 6.0% | 6.5% | 6.8% | 7.2% | 6.9% | 6.9% | 6.6% | 6.4% | 5.9% | 6.1% | 4.9% |
| — | -11.8% | -12.1% | -5.7% | +4.1% | +12.5% | +16.3% | +12.3% | +32.5% | +22.7% | +21.1% | +10.9% | -14.5% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Alphabet Inc.'s Debt/EBITDA ratio is 1.7x, up from 0.9x last quarter — comfortably within a safe range. The current ratio has improved 9.2% YoY to 2.01x, 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 | 0.17 | 0.17 | 0.09 | 0.10 | 0.07 | 0.08 | 0.09 | 0.09 | 0.10 | 0.10 | 0.11 | 0.11 | 0.11 |
| — | +121.5% | +1.7% | +6.0% | -28.8% | -18.2% | -19.4% | -15.2% | -14.2% | -17.4% | -6.8% | -3.1% | -0.2% | |
| Debt / EBITDA | 0.48 | 1.71 | 0.92 | 0.98 | 0.67 | 0.72 | 0.83 | 0.89 | 0.97 | 1.07 | 1.18 | 1.18 | 1.45 |
| — | +136.7% | +10.5% | +9.8% | -30.9% | -32.6% | -30.1% | -24.4% | -33.1% | -19.1% | -13.2% | -4.0% | +22.0% | |
| Current Ratio | 2.01 | 2.01 | 1.75 | 1.90 | 1.77 | 1.84 | 1.95 | 2.08 | 2.15 | 2.10 | 2.04 | 2.17 | 2.35 |
| — | +9.2% | -10.4% | -8.4% | -17.7% | -12.4% | -4.6% | -4.3% | -8.7% | -11.8% | -18.8% | -22.7% | -18.1% | |
| Quick Ratio | 2.01 | 2.01 | 1.75 | 1.90 | 1.77 | 1.84 | 1.95 | 2.08 | 2.15 | 2.10 | 2.01 | 2.14 | 2.32 |
| — | +9.2% | -10.4% | -8.4% | -17.7% | -12.4% | -2.9% | -3.0% | -7.3% | -10.4% | -18.7% | -22.8% | -18.6% | |
| Interest Coverage | 903.26 | — | 218.38 | 119.81 | 900.18 | 584.38 | 528.17 | 409.33 | 270.98 | 343.43 | 183.99 | 507.86 | 217.69 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Start ComparisonAlphabet Inc.'s current P/E is 28.8x. The average P/E over the last 4 quarters is 20.4x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Alphabet Inc.'s current operating margin is 32.1%. 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 Alphabet Inc.'s business trajectory between earnings reports.