Last 48 quarters of trend data · Technology · Bitcoin Miners
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -16.31 | 21.96 | — | — | — | 20.24 | 3.94 | — | 3.35 | 457.46 | — | 1.03 | 11.50 | — | — | 5.64 | — | — | — | — | — |
| — | +8.5% | — | — | — | -95.6% | — | — | -70.9% | — | — | -81.7% | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 58.55 | 310.09 | 143.25 | 21.09 | 191.80 | 6.99 | 16.82 | 20.83 | 1.57 | 8.25 | — | 5.69 | 5.16 | 6.59 | 11.98 | 12.13 | 3.96 | 2.61 | 1.97 | 14.33 | 14.38 |
| — | +4333.2% | +751.7% | +1.2% | +12138.8% | -15.3% | — | +266.1% | -69.6% | +25.3% | — | -53.1% | +30.4% | +152.4% | +509.6% | -15.4% | -72.5% | -96.5% | -53.8% | +92.4% | +162.4% | |
| P/B Ratio | 3.28 | 5.98 | 7.80 | 3.08 | 2.86 | 2.56 | 1.59 | 1.21 | 2.11 | 1.66 | 2.02 | 1.40 | 1.03 | 18.07 | 1.51 | 0.83 | 0.49 | 0.70 | 0.46 | 1.51 | 2.35 |
| — | +133.2% | +389.1% | +154.7% | +35.6% | +54.5% | -21.2% | -13.4% | +104.3% | -90.8% | +33.7% | +67.9% | +109.5% | +2482.5% | +225.4% | -45.0% | -79.0% | -64.2% | -71.5% | -50.2% | -68.4% | |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — | — | 19.80 | 52.70 | — | — | 1.02 | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | +1848.3% | — | — | — | — | — | — | — | — | |
| EV / EBITDA | — | 10.80 | — | — | — | 11.20 | 2.84 | — | 1.96 | 39.03 | — | 1.11 | 21.51 | 36.23 | 37.11 | 90.52 | — | 9.42 | — | — | 204.22 |
| — | -3.5% | — | — | — | -71.3% | — | — | -90.9% | +7.7% | — | -98.8% | — | +284.4% | — | — | — | -98.8% | — | — | +2091.1% | |
| EV / EBIT | — | — | — | — | — | 14.68 | 3.40 | — | 2.16 | 39.08 | — | 1.15 | 13.94 | 97.78 | 43.68 | 4.21 | — | 24.10 | — | — | — |
| — | — | — | — | — | -62.4% | — | — | -84.5% | -60.0% | — | -72.6% | — | +305.7% | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 62.1% | 755.9% | 201.2% | 73.6% | -366.4% | 84.3% | 59.3% | 22.0% | 96.7% | 73.1% | 134.3% | 51.9% | 55.9% | 51.2% | 57.4% | 88.5% | 47.9% | 50.3% | 65.4% | 66.7% | 83.3% |
| — | +796.2% | +239.2% | +234.6% | -478.7% | +15.3% | -55.8% | -57.6% | +73.1% | +42.9% | +133.8% | -41.3% | +16.6% | +1.8% | -12.2% | +32.7% | -42.5% | -31.3% | +35.6% | +109.6% | +721.2% | |
| Operating Margin | -107.3% | 3420.8% | -864.3% | -120.9% | -5300.8% | 48.9% | 570.9% | -1029.2% | 85.4% | -4.4% | 203.3% | 587.1% | 33.9% | -4.2% | 6.3% | -22.0% | -643.1% | 11.4% | -47.7% | -25.4% | -3.6% |
| — | +6891.4% | -251.4% | +88.2% | -6310.4% | +1216.3% | +180.8% | -275.3% | +152.0% | -5.3% | +3134.2% | +2769.8% | +105.3% | -136.6% | +113.2% | +13.6% | -17828.9% | +283.3% | -296.2% | -228.8% | +70.8% | |
| Net Margin | -120.9% | 3147.9% | -854.9% | -355.9% | -4780.9% | 33.1% | 417.3% | -933.3% | 46.1% | 1.8% | 168.5% | 551.9% | 32.9% | -27.4% | -11.3% | 214.7% | -724.5% | -1.7% | -84.0% | -24.0% | -8.0% |
| — | +9416.8% | -304.9% | +61.9% | -10473.2% | +1730.1% | +147.6% | -269.1% | +40.2% | +106.6% | +1586.8% | +157.1% | +104.5% | -1521.0% | +86.5% | +995.4% | -8997.5% | +87.7% | -594.1% | -140.5% | -103.6% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -18.6% | 15.9% | -11.9% | -13.0% | -18.0% | 3.3% | 11.6% | -13.6% | 18.0% | 0.1% | -10.2% | 36.3% | 3.2% | -1.8% | -0.4% | 4.2% | -18.9% | -0.1% | -4.4% | -0.7% | -0.3% |
| — | +382.5% | -202.5% | +4.4% | -200.3% | +3415.9% | +213.3% | -137.5% | +466.1% | +105.3% | -2749.6% | +766.5% | +116.8% | -1486.7% | +91.8% | +718.9% | -6040.8% | +2.7% | -258.9% | -106.2% | -100.4% | |
| ROA | -11.6% | 2.9% | -3.2% | -8.2% | -11.1% | 2.1% | 7.6% | -8.7% | 11.6% | 0.1% | -6.9% | 25.4% | 1.8% | -1.2% | -0.3% | 3.6% | -16.6% | -0.1% | -3.8% | -0.6% | -0.3% |
| — | +35.5% | -142.4% | +5.4% | -195.3% | +3494.6% | +210.9% | -134.1% | +535.1% | +105.0% | -2145.9% | +599.3% | +111.1% | -1103.2% | +92.0% | +750.8% | -6061.1% | +10.7% | -231.5% | -105.6% | -100.6% | |
| ROIC | -9.6% | 2.5% | -2.7% | -2.6% | -12.0% | 2.9% | 9.1% | -8.3% | 17.7% | -0.1% | -6.5% | 21.4% | 1.5% | -0.1% | 0.1% | -0.3% | -11.3% | 0.5% | -1.7% | -0.5% | -0.1% |
| — | -14.3% | -129.4% | +68.1% | -167.9% | +2706.8% | +239.9% | -138.8% | +1070.2% | +21.0% | -4997.5% | +7524.2% | +113.4% | -127.8% | +107.7% | +42.7% | -11221.2% | +1441.1% | -194.9% | -118.9% | +95.2% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.25 | 3.97 | 4.37 | 0.25 | 0.25 | 0.24 | 0.26 | 0.36 | 0.35 | 0.48 | 0.55 | 0.30 | 0.42 | 6.14 | 0.14 | 0.10 | 0.13 | 0.10 | 0.10 | 0.07 | 0.07 |
| — | +1580.1% | +1576.9% | -30.4% | -27.9% | -51.1% | -52.8% | +21.7% | -15.7% | -92.1% | +305.6% | +187.8% | +215.0% | +5941.6% | +39.1% | +53.5% | +84.5% | +518.8% | +459.0% | +1527.7% | -42.6% | |
| Debt / EBITDA | — | 21.38 | — | — | — | 3.81 | 1.74 | — | 1.16 | 36.94 | — | 0.78 | 25.91 | 37.59 | 12.69 | 41.23 | — | 5.21 | — | — | 26.99 |
| — | +461.4% | — | — | — | -89.7% | — | — | -95.5% | -1.7% | — | -98.1% | — | +621.0% | — | — | — | -83.9% | — | — | +4165.3% | |
| Current Ratio | 1.09 | 9.48 | 19.35 | 0.86 | 1.09 | 0.72 | 1.81 | 1.26 | 1.67 | 1.00 | 1.68 | 0.31 | — | 1.99 | 6.96 | 9.60 | 8.15 | 9.57 | 10.61 | 20.13 | 17.96 |
| — | +1215.8% | +969.6% | -32.0% | -34.9% | -27.8% | +8.0% | +306.3% | — | -49.9% | -75.9% | -96.8% | — | -79.2% | -34.5% | -52.3% | -54.6% | -57.3% | -42.8% | -39.2% | +1025.5% | |
| Quick Ratio | 1.09 | 9.48 | 19.35 | 0.86 | 1.09 | 0.72 | 1.81 | 1.26 | 1.67 | 1.00 | 1.68 | 0.31 | — | 1.99 | 6.96 | 9.60 | 8.15 | 9.57 | 10.61 | 20.13 | 17.96 |
| — | +1215.8% | +969.6% | -32.0% | -34.9% | -27.8% | +8.0% | +306.3% | — | -49.9% | -75.9% | -96.8% | — | -79.2% | -34.5% | -52.3% | -54.6% | -57.3% | -42.8% | -39.2% | +1025.5% | |
| Interest Coverage | -10.71 | 3.02 | -4.04 | -31.68 | -76.29 | 9.08 | 20.66 | -19.69 | 28.20 | 1.17 | -11.03 | 42.83 | 2.68 | 0.25 | 0.76 | 3.33 | -36.58 | 1.97 | -7.72 | -2.37 | -2.04 |
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Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying HUT stock.
Hut 8 Corp.'s current P/E is -16.3x. The average P/E over the last 1 quarters is 22.0x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Hut 8 Corp.'s current operating margin is -107.3%. 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 Hut 8 Corp.'s business trajectory between earnings reports.