Last 19 quarters of trend data · Technology · Software - Application
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
HeartCore Enterprises, Inc.'s quarterly P/E stands at 10.1x, up 2424.0% year-over-year — indicating the stock has re-rated higher or earnings have softened.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -3.80 | 10.12 | 3.02 | — | — | 0.40 | — | — | — | — | — | 2.44 | — |
| — | +2424.0% | — | — | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 0.21 | 1.91 | 0.70 | 1.15 | 2.76 | 0.25 | 0.89 | 1.00 | 1.00 | 1.10 | 1.46 | 0.53 | 2.01 |
| — | +667.3% | -21.9% | +15.6% | +176.0% | -77.3% | -38.8% | +89.3% | -50.2% | -60.3% | -65.2% | -90.4% | — | |
| P/B Ratio | 1.62 | 5.96 | 3.73 | 27.55 | 10.97 | 1.24 | 3.87 | 3.17 | 1.73 | 1.94 | 2.29 | 1.33 | 3.34 |
| — | +381.1% | -3.7% | +770.5% | +532.7% | -36.3% | +69.2% | +138.2% | -48.1% | -43.8% | -50.8% | -67.9% | — | |
| P/FCF | — | — | — | — | — | — | — | 6.79 | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | 9.72 | — | 29.52 | — | — | 0.42 | — | — | — | — | — | 1.89 | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBIT | 122.26 | — | 3.33 | — | — | 0.47 | — | — | — | — | — | 1.82 | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
HeartCore Enterprises, Inc.'s operating margin was -0.4% in Q3 2025, down 2.6 pp QoQ and down 68.2 pp YoY. The trailing four-quarter average of -79.7% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin contracted 39.2% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 58.6% | 49.1% | 46.7% | 30.7% | 16.6% | 80.8% | 19.8% | 40.3% | 2.9% | 17.7% | 29.6% | 64.5% | 23.4% |
| — | -39.2% | +135.9% | -23.8% | +468.9% | +357.0% | -33.1% | -37.6% | -87.5% | +0.5% | -40.7% | +20.3% | -49.9% | |
| Operating Margin | 0.2% | -0.4% | 2.3% | -34.7% | -285.9% | 67.8% | -37.1% | -13.5% | -95.1% | -38.1% | -28.8% | 26.3% | -72.8% |
| — | -100.5% | +106.1% | -156.3% | -200.6% | +277.8% | -28.7% | -151.4% | -30.5% | +64.5% | +53.8% | +138.4% | -258.6% | |
| Net Margin | -4.9% | 14.5% | 23.2% | -86.1% | -268.7% | 61.9% | -48.0% | -26.4% | -85.7% | -49.2% | -17.9% | 21.6% | -71.2% |
| — | -76.6% | +148.3% | -225.7% | -213.4% | +225.9% | -168.1% | -222.6% | -20.4% | +53.3% | +72.0% | +131.1% | -128.2% |
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -26.6% | 11.8% | 52.9% | -152.0% | -104.1% | 122.3% | -38.6% | -19.0% | -31.3% | -19.5% | -6.8% | 20.2% | -26.4% |
| — | -90.4% | +237.2% | -699.3% | -232.8% | +725.9% | -468.4% | -194.2% | -18.5% | +22.4% | +56.9% | +173.2% | — | |
| ROA | -8.8% | 3.2% | 9.3% | -25.5% | -46.9% | 44.6% | -8.4% | -6.4% | -14.0% | -10.2% | -3.8% | 10.2% | -11.5% |
| — | -92.8% | +210.2% | -301.6% | -236.4% | +536.0% | -123.5% | -162.1% | -21.3% | +20.1% | +57.4% | +195.7% | -48.2% | |
| ROIC | 0.6% | -0.2% | 1.9% | -21.2% | -65.9% | 83.1% | -15.8% | -4.8% | -19.4% | -10.2% | -8.2% | 21.7% | -47.2% |
| — | -100.2% | +112.0% | -341.2% | -239.8% | +911.5% | -94.2% | -122.2% | +58.9% | +84.7% | +80.8% | +158.3% | -223.5% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
The current ratio has weakened 26.8% YoY to 1.37x, tightening the short-term liquidity position. Debt/Equity has declined for 3 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.09 | 0.25 | 1.01 | 6.35 | 1.09 | 0.29 | 1.22 | 0.72 | 0.64 | 0.43 | 0.34 | 0.37 | 0.95 |
| — | -16.1% | -16.7% | +776.8% | +71.0% | -31.7% | +256.5% | +96.6% | -32.6% | -40.0% | -32.5% | -22.6% | — | |
| Debt / EBITDA | 4.64 | — | 29.32 | — | — | 0.34 | — | — | — | — | — | 2.10 | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Current Ratio | 1.27 | 1.37 | 1.26 | 0.91 | 1.27 | 1.88 | 0.72 | 0.82 | 0.84 | 1.19 | 1.59 | 1.65 | 2.34 |
| — | -26.8% | +75.4% | +10.6% | +50.4% | +57.2% | -54.9% | -50.2% | -63.9% | -59.8% | -50.6% | -62.2% | +130.8% | |
| Quick Ratio | 1.27 | 1.37 | 1.26 | 0.91 | 1.27 | 1.88 | 0.72 | 0.82 | 0.84 | 1.07 | 1.44 | 1.48 | 2.34 |
| — | -26.8% | +75.4% | +10.6% | +50.4% | +74.8% | -50.3% | -44.6% | -63.9% | -63.9% | -55.2% | -66.0% | +130.8% | |
| Interest Coverage | 0.45 | -0.53 | 3.29 | -42.71 | -252.83 | 385.44 | -40.69 | -18.63 | -83.50 | -41.95 | -34.43 | 57.72 | -597.24 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 19 years · Updated daily
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Start ComparisonHeartCore Enterprises, Inc.'s current P/E is -3.8x. The average P/E over the last 2 quarters is 6.6x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
HeartCore Enterprises, Inc.'s current operating margin is 0.2%. 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 HeartCore Enterprises, Inc.'s business trajectory between earnings reports.