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HEPSD-Market Elektronik Hizmetler ve Ticaret A.S.
$2.80$888M
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  3. Financial Ratios
  4. Quarterly

D-Market Elektronik Hizmetler ve Ticaret A.S. (HEPS) Quarterly Financial Ratios

Last 22 quarters of trend data · Consumer Cyclical · Specialty Retail

← View 30-Year Annual Ratios

Valuation Multiples

Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.

MetricTTMQ4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23Q1 '23
P/E Ratio →-6.71——————————0.16—
—————————————
P/S Ratio0.450.010.010.010.020.010.010.010.010.010.010.010.01
—-45.8%-26.2%+0.4%+103.7%+18.3%+65.2%-4.3%-44.1%+226.6%-39.7%+13.0%-80.7%
P/B Ratio20.400.381.010.310.280.310.200.190.130.120.124.600.21
—+24.6%+411.0%+57.3%+107.4%+148.6%+70.0%-95.8%-35.9%+92.6%-12.4%+6123.8%-30.7%
P/FCF18.800.269.850.07——10.68—10.771.662.17——
——-7.7%———+392.5%——+59.6%-70.8%——
EV / EBITDA26.48-1745.58-3.37-1.21-6.96-1.10-0.79-0.92-1.53-10.57-6.320.22-86.69
—-158340.4%-328.5%-31.5%-354.4%+89.6%+87.5%-511.5%+98.2%————
EV / EBIT——-0.62-0.58-0.53—-0.35-0.39-0.37-4.17-1.14——
——-78.4%-48.4%-45.8%—+69.4%——————

Profitability

Quarterly margins and returns. Watch for margin compression across consecutive quarters.

D-Market Elektronik Hizmetler ve Ticaret A.S.'s operating margin was -2.9% in Q4 2025, up 0.1 pp QoQ and down 3.5 pp YoY. Gross margin contracted 40.5% YoY, suggesting cost inflation or competitive pricing pressure.

Margins

MetricTTMQ4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23Q1 '23
Gross Margin21.7%22.2%37.2%37.8%37.0%37.3%39.8%40.0%33.6%30.5%30.0%19.7%30.4%
—-40.5%-6.5%-5.5%+10.0%+22.0%+32.8%+102.8%+10.5%+143.9%+7.4%+24.0%+88.2%
Operating Margin-2.4%-2.9%-3.0%0.2%-3.8%0.7%0.3%-0.3%-0.9%-1.9%-2.0%-0.9%-3.7%
—-531.9%-1220.4%+163.7%-340.8%+134.1%+113.0%+62.6%+76.5%+87.7%+90.9%+96.3%+74.5%
Net Margin-6.7%-11.0%-6.7%-4.3%-2.5%-3.5%-2.5%-3.8%-1.2%-4.1%-2.4%14.9%-4.2%
—-210.9%-164.9%-13.7%-113.5%+14.5%-5.9%-125.4%+72.2%+73.4%+86.4%+178.8%+56.1%

Return on Capital

MetricTTMQ4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23Q1 '23
ROE-232.0%-218.0%-71.5%-23.4%-10.7%-20.7%-8.4%-14.2%-4.3%-13.7%-14.9%135.3%-11.9%
—-951.7%-749.4%-65.1%-149.7%-51.8%+43.5%-110.5%+64.0%+85.0%+59.2%+544.4%-79.9%
ROA-19.6%-9.0%-4.3%-2.6%-1.4%-2.9%-1.4%-2.5%-0.8%-2.8%-3.6%28.8%-2.4%
—-213.9%-213.3%-2.6%-71.1%-1.0%+62.0%-108.8%+67.6%+86.1%+66.5%+385.2%-4.5%
ROIC——————2.4%-4.0%—————
—————————————

Leverage & Debt

Quarterly solvency trend — watch for debt spikes or covenant pressure.

D-Market Elektronik Hizmetler ve Ticaret A.S.'s Debt/EBITDA ratio is 2965.7x, up from 10.0x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 8.0% YoY to 0.89x, tightening the short-term liquidity position.

MetricTTMQ4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23Q1 '23
Debt / Equity1.591.593.220.860.820.670.460.250.170.140.120.100.14
—+136.7%+595.5%+236.7%+385.3%+380.3%+291.7%+150.0%+21.7%-0.1%-15.3%-46.5%-15.7%
Debt / EBITDA2.592965.679.963.1325.252.812.921.671.574.222.290.0324.08
—+105344.3%+241.4%+87.4%+1512.8%-33.4%+27.4%+5568.1%-93.5%————
Current Ratio0.890.890.850.920.940.971.021.041.071.071.151.181.06
—-8.0%-16.9%-11.2%-11.8%-9.8%-11.6%-12.4%+0.4%-0.9%-3.3%-8.8%-23.3%
Quick Ratio0.630.630.530.620.620.690.660.690.760.780.810.850.81
—-8.9%-19.9%-8.9%-18.9%-11.9%-18.1%-19.6%-5.6%-8.2%-3.9%-3.6%-15.6%
Interest Coverage-0.17-0.190.530.690.80-0.980.812.490.900.260.79-2.15-106.59
—————————————

Download Financial Ratios Data

Includes 30+ ratios · 22 years · Updated daily

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HEPS — Frequently Asked Questions

Quick answers to the most common questions about buying HEPS stock.

What is D-Market Elektronik Hizmetler ve Ticaret A.S.'s quarterly P/E ratio trend?

D-Market Elektronik Hizmetler ve Ticaret A.S.'s current P/E is -6.7x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.

How do D-Market Elektronik Hizmetler ve Ticaret A.S.'s margins change by quarter?

D-Market Elektronik Hizmetler ve Ticaret A.S.'s current operating margin is -2.4%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.

Why look at HEPS quarterly ratios instead of annual?

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 D-Market Elektronik Hizmetler ve Ticaret A.S.'s business trajectory between earnings reports.