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OverviewPriceRevenueEarningsP/ERatiosDividendTargets

Intchains Group Limited (ICG) Quarterly Financial Ratios

Last 15 quarters of trend data · Technology · Semiconductors

← View 30-Year Annual Ratios

Valuation Multiples

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

Intchains Group Limited's quarterly P/E stands at 0.4x, down 86.1% year-over-year — suggesting improving earnings relative to price.

MetricTTMQ2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23Q1 '23Q4 '22Q3 '22
P/E Ratio →5.030.36—1.9621.252.55—23.79——26.41——
—-86.1%—-91.7%—————————
P/S Ratio1.970.310.150.331.111.045.315.2313.258.514.79——
—-70.0%-97.1%-93.6%-91.6%-87.7%+11.0%——————
P/B Ratio0.260.050.080.100.270.520.550.780.393.583.52——
—-89.8%-85.0%-87.5%-29.9%-85.5%-84.4%——————
P/FCF—————————————
—————————————
EV / EBITDA28.51—-1.06—-14.93-0.55—1523.14—————
—————————————
EV / EBIT73.53—-1.10-5.32-3.77-0.56—1.41—————
———-476.2%—————————

Profitability

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

Intchains Group Limited's operating margin was -37.4% in Q2 2025, down 65.3 pp QoQ and down 84.4 pp YoY. The trailing four-quarter average of -10.8% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin contracted 64.3% YoY, suggesting cost inflation or competitive pricing pressure.

Margins

MetricTTMQ2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23Q1 '23Q4 '22Q3 '22
Gross Margin53.7%23.8%56.9%26.2%67.7%66.7%37.1%60.1%-120.0%-121.0%49.1%40.6%87.0%
—-64.3%+53.3%-56.5%+156.4%+155.1%-24.4%+48.1%-237.9%-241.2%-37.0%-55.8%—
Operating Margin1.1%-37.4%27.9%-39.0%5.2%47.0%-142.4%-4.1%-408.6%-245.5%-5.5%34.3%68.3%
—-179.6%+119.6%-841.6%+101.3%+119.1%-2503.2%-112.1%-698.4%-409.7%-108.4%+947.8%—
Net Margin18.3%88.6%-25.7%17.2%5.2%40.9%-61.0%22.8%-279.1%-147.6%18.2%37.6%76.5%
—+116.3%+57.9%-24.4%+101.9%+127.7%-435.0%-39.4%-465.0%-277.5%-72.4%+297.5%—

Return on Capital

MetricTTMQ2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23Q1 '23Q4 '22Q3 '22
ROE5.2%3.8%-3.4%1.3%0.3%5.2%-1.6%0.9%-3.6%-15.0%0.9%2.4%127.0%
—-27.2%-117.1%+49.1%+108.9%+134.9%-277.9%-64.1%-102.8%-135.1%-98.6%-30.1%—
ROA5.0%3.6%-3.2%1.2%0.3%4.9%-1.5%0.8%-3.5%-14.8%0.9%2.3%124.4%
—-26.1%-108.9%+42.1%+108.4%+133.4%-277.1%-64.2%-102.8%-136.5%-98.6%-12.1%—
ROIC0.4%-1.6%3.9%-3.7%0.6%14.0%-8.1%-0.4%-15.7%-87.9%-0.8%6.8%361.8%
—-111.6%+147.7%-919.8%+103.6%+115.9%-860.4%-105.3%-104.3%-139.8%-100.3%——

Leverage & Debt

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

The current ratio has improved 158.9% YoY to 20.57x, strengthening the short-term liquidity position.

MetricTTMQ2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23Q1 '23Q4 '22Q3 '22
Debt / Equity0.00——0.000.000.000.000.000.000.000.000.000.00
———-86.3%-41.7%-31.7%+51.0%+44.6%+20.0%+112.3%-72.2%-99.1%—
Debt / EBITDA0.03———0.280.03—71.69———0.100.00
———————+71700.0%———-99.0%—
Current Ratio9.4320.5713.609.4310.337.9443.0827.6160.2566.4463.3943.3441.12
—+158.9%-68.4%-65.8%-82.9%-88.0%-32.0%-36.3%+46.5%+4.8%+229.8%+867.9%—
Quick Ratio8.1416.5611.858.149.097.5241.2926.1255.8960.9057.2539.2936.10
—+120.2%-71.3%-68.8%-83.7%-87.6%-27.9%-33.5%+54.9%+6.4%+234.6%+1023.7%—
Interest Coverage56.36——————————769.80—
—————————————

Download Financial Ratios Data

Includes 30+ ratios · 15 years · Updated daily

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ICG — Frequently Asked Questions

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

What is Intchains Group Limited's quarterly P/E ratio trend?

Intchains Group Limited's current P/E is 5.0x. The average P/E over the last 3 quarters is 7.9x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.

How do Intchains Group Limited's margins change by quarter?

Intchains Group Limited's current operating margin is 1.1%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.

Why look at ICG 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 Intchains Group Limited's business trajectory between earnings reports.

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