Last 39 quarters of trend data · Healthcare · Drug Manufacturers - General
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Grifols, S.A.'s quarterly P/E stands at 13.1x, down 55.1% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 8.9% YoY to 8.2x, 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 '21 | Q1 '21 | Q4 '20 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 33.54 | 13.11 | 13.29 | 20.24 | 18.60 | 29.17 | 78.88 | 55.48 | 35.07 | 26.03 | 21.69 | 22.75 | 13.97 |
| — | -55.1% | -83.1% | -63.5% | -47.0% | +12.1% | +263.7% | +143.9% | +151.1% | +152.0% | -77.2% | +26.5% | -28.0% | |
| P/S Ratio | 0.28 | 0.91 | 0.82 | 0.68 | 0.64 | 0.84 | 0.64 | 0.73 | 1.11 | 0.97 | 2.19 | 2.49 | 2.02 |
| — | +7.9% | +27.8% | -7.2% | -42.3% | -13.3% | -70.6% | -70.7% | -45.0% | -44.5% | +0.1% | -3.6% | -28.9% | |
| P/B Ratio | 0.61 | 0.90 | 0.82 | 0.58 | 0.59 | 0.75 | 0.56 | 0.58 | 1.04 | 0.72 | 1.71 | 1.64 | 1.88 |
| — | +18.6% | +45.1% | -0.2% | -43.7% | +4.3% | -66.9% | -64.4% | -44.3% | -53.5% | -0.7% | -11.6% | -6.8% | |
| P/FCF | 3.75 | 6.64 | 16.38 | 14.01 | 3.05 | 7.01 | 5.26 | — | 25.76 | 21.84 | 33.33 | 23.39 | 16.43 |
| — | -5.3% | +211.1% | — | -88.1% | -67.9% | -84.2% | — | +56.8% | +84.8% | +273.0% | -68.4% | -54.2% | |
| EV / EBITDA | 6.81 | 8.16 | 9.94 | 9.28 | 7.35 | 8.96 | 10.76 | 12.68 | 12.74 | 11.69 | 14.20 | 15.94 | 12.01 |
| — | -8.9% | -7.6% | -26.8% | -42.3% | -23.4% | -24.2% | -20.4% | +6.1% | +33.0% | -28.9% | +12.3% | -21.9% | |
| EV / EBIT | 9.31 | 11.20 | 10.91 | 12.05 | 15.64 | 12.02 | 13.06 | 16.22 | 23.34 | 16.74 | 19.70 | 22.98 | 15.99 |
| — | -6.8% | -16.4% | -25.7% | -33.0% | -28.2% | -33.7% | -29.4% | +46.0% | +44.3% | -43.5% | +25.9% | -10.0% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Grifols, S.A.'s operating margin was 20.5% in Q3 2025, up 2.1 pp QoQ and up 2.9 pp YoY. This marks the 3rd consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of 18.2% lags the current quarter, suggesting the recent improvement is above-trend.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '21 | Q1 '21 | Q4 '20 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 38.7% | 40.3% | 39.3% | 39.5% | 38.8% | 40.5% | 36.9% | 39.9% | 39.0% | 39.6% | 43.0% | 45.0% | 45.1% |
| — | -0.6% | +6.6% | -1.1% | -0.5% | +2.5% | -14.2% | -11.4% | -13.6% | -17.1% | +32.9% | -1.5% | +0.9% | |
| Operating Margin | 16.5% | 20.5% | 18.4% | 15.1% | 18.8% | 17.7% | 16.5% | 12.5% | 14.4% | 15.7% | 18.5% | 18.0% | 19.0% |
| — | +16.2% | +12.0% | +20.1% | +30.7% | +12.7% | -11.2% | -30.3% | -24.1% | -36.5% | +73.2% | -15.0% | -10.8% | |
| Net Margin | 2.2% | 6.8% | 6.2% | 3.3% | 3.5% | 2.9% | 0.8% | 1.3% | 3.2% | 3.7% | 10.1% | 11.0% | 10.1% |
| — | +136.1% | +658.2% | +153.8% | +10.3% | -22.7% | -91.9% | -88.0% | -68.8% | -81.1% | +339.7% | -23.9% | -31.5% |
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '21 | Q1 '21 | Q4 '20 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 1.9% | 1.7% | 1.5% | 0.7% | 0.8% | 0.6% | 0.2% | 0.3% | 0.7% | 0.8% | 1.9% | 1.9% | 2.3% |
| — | +163.8% | +714.8% | +158.0% | +19.3% | -17.4% | -90.7% | -85.3% | -69.6% | -82.6% | +333.0% | -25.4% | -26.3% | |
| ROA | 0.7% | 0.6% | 0.6% | 0.3% | 0.3% | 0.2% | 0.1% | 0.1% | 0.3% | 0.3% | 0.8% | 0.8% | 1.0% |
| — | +163.6% | +756.3% | +182.4% | +27.2% | -22.0% | -92.1% | -87.9% | -74.6% | -84.5% | +318.1% | -26.0% | -20.1% | |
| ROIC | 5.0% | 1.8% | 1.6% | 1.1% | 1.6% | 1.4% | 1.2% | 0.8% | 1.0% | 1.1% | 1.3% | 1.2% | 1.7% |
| — | +29.7% | +28.1% | +38.5% | +55.2% | +20.7% | -7.9% | -29.7% | -39.3% | -49.3% | +61.0% | -18.3% | +4.2% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Grifols, S.A.'s Debt/EBITDA ratio is 20.0x, down from 24.2x last quarter — elevated, raising questions about debt serviceability. The current ratio has improved 9.8% YoY to 2.48x, strengthening the short-term liquidity position.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '21 | Q1 '21 | Q4 '20 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.17 | 1.28 | 1.16 | 1.21 | 1.17 | 1.23 | 1.39 | 1.40 | 1.47 | 1.29 | 1.10 | 1.02 | 1.03 |
| — | +4.1% | -16.3% | -13.7% | -20.1% | -4.5% | +26.3% | +37.0% | +42.3% | +30.1% | +9.7% | +2.5% | -0.7% | |
| Debt / EBITDA | 6.19 | 19.99 | 24.22 | 26.40 | 20.92 | 23.16 | 35.19 | 36.83 | 30.60 | 30.83 | 22.69 | 25.00 | 17.55 |
| — | -13.7% | -31.2% | -28.3% | -31.6% | -24.9% | +55.1% | +47.3% | +74.4% | +112.3% | -26.3% | +22.0% | -19.1% | |
| Current Ratio | 2.66 | 2.48 | 2.64 | 2.60 | 2.66 | 2.26 | 1.68 | 2.22 | 2.64 | 2.48 | 1.69 | 1.98 | 2.37 |
| — | +9.8% | +56.8% | +16.8% | +0.8% | -8.8% | -0.3% | +12.5% | +11.2% | -15.4% | -41.2% | -28.0% | -39.6% | |
| Quick Ratio | 1.01 | 0.93 | 0.95 | 0.97 | 1.01 | 0.79 | 0.80 | 1.02 | 1.14 | 0.75 | 0.58 | 0.61 | 0.87 |
| — | +17.1% | +19.2% | -4.8% | -11.7% | +5.0% | +37.9% | +68.7% | +30.8% | -43.3% | -51.0% | -32.8% | -60.6% | |
| Interest Coverage | 1.54 | 2.46 | 2.47 | 1.75 | 23.43 | 1.60 | 1.48 | 1.20 | 1.59 | 1.66 | — | 3.63 | 3.31 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 39 years · Updated daily
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Start ComparisonGrifols, S.A.'s current P/E is 33.5x. The average P/E over the last 4 quarters is 16.3x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Grifols, S.A.'s current operating margin is 16.5%. 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 Grifols, S.A.'s business trajectory between earnings reports.