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KFSKingsway Financial Services Inc.$10.2300$296M
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Kingsway Financial Services Inc. (KFS) Quarterly Financial Ratios

Last 48 quarters of trend data · Consumer Cyclical · Auto - Dealerships

← View 30-Year Annual Ratios

Valuation Multiples

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

MetricTTMQ1 '26Q4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23
P/E Ratio →-23.79—————————333.33——
—————————————
P/S Ratio2.171.902.402.762.931.871.882.072.072.122.151.891.82
—+1.2%+27.9%+33.2%+41.1%-11.7%-12.8%+10.0%+13.7%-1.3%-15.4%+7.1%+35.3%
P/B Ratio8.289.1610.8911.6410.3410.0012.4111.4513.0710.959.257.049.40
—-8.4%-12.3%+1.7%-20.9%-8.7%+34.2%+62.5%+39.0%+21.3%+11.3%+93.3%+7.7%
P/FCF———128.64582.65——258.25183.01957.93———
———-50.2%+218.4%————————
EV / EBITDA—52.21—67.01——212.8975.42—50.83——149.68
———-11.1%—————+2389.7%——+127.4%
EV / EBIT———106.08—————————
—————————————

Profitability

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

Kingsway Financial Services Inc.'s operating margin was -1.9% in Q1 2026, up 5.5 pp QoQ and up 9.8 pp YoY. The trailing four-quarter average of -5.5% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin contracted 66.7% YoY, suggesting cost inflation or competitive pricing pressure.

Margins

MetricTTMQ1 '26Q4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23
Gross Margin100.0%33.3%100.0%100.0%100.0%100.0%100.0%74.9%100.0%37.7%100.0%100.0%100.0%
—-66.7%0.0%+33.5%0.0%+165.6%0.0%-25.1%0.0%-62.3%+3138.3%0.0%0.0%
Operating Margin-10.2%-1.9%-7.4%-2.3%-10.5%-11.7%-6.0%-2.5%-8.3%-1.1%-8.8%-0.8%1.4%
—+84.0%-22.8%+7.4%-26.4%-983.3%+31.1%-212.5%-696.1%—+86.0%+95.3%-78.0%
Net Margin-7.8%-6.3%-4.5%-6.5%-10.5%-11.2%-5.4%-10.3%-8.7%-9.3%-6.9%-3.9%-5.1%
—+44.1%+16.8%+36.9%-21.1%-20.3%+21.9%-164.2%-70.9%-109.1%+74.0%-102.6%+53.8%

Return on Capital

MetricTTMQ1 '26Q4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23
ROE-40.7%-7.4%-5.0%-6.9%-11.6%-16.2%-8.5%-15.2%-12.5%-11.0%-6.9%-4.1%-6.0%
—+54.4%+42.0%+54.7%+6.9%-47.3%-24.0%-270.5%-106.7%-109.4%+48.7%-103.4%+69.7%
ROA-5.1%-1.1%-0.7%-1.1%-1.7%-1.7%-0.9%-1.5%-1.2%-1.2%-0.9%-0.5%-0.7%
—+37.2%+13.1%+24.1%-37.0%-38.3%+4.3%-180.2%-66.7%-110.7%+25.5%-106.6%-28.5%
ROIC-12.4%-0.6%-2.2%-0.7%-3.0%-3.3%-1.9%-0.8%-3.2%-0.4%-3.1%-0.3%0.5%
—+82.7%-15.7%+11.6%+4.7%-753.6%+40.2%-151.5%-711.4%—+36.2%+72.6%+31.9%

Leverage & Debt

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

Kingsway Financial Services Inc.'s Debt/EBITDA ratio is 45.2x — elevated, raising questions about debt serviceability. Debt/Equity has risen for 4 consecutive quarters, indicating increasing financial leverage that investors should watch closely.

MetricTTMQ1 '26Q4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23
Debt / Equity2.272.402.272.181.722.913.293.072.832.351.851.501.98
—-17.5%-31.1%-29.1%-39.3%+23.7%+77.5%+104.9%+43.3%+37.1%-60.3%-74.3%-89.6%
Debt / EBITDA—45.16—43.02——181.9365.25—38.75——110.19
———-34.1%—————+2785.2%——-40.6%
Current Ratio790.934.61790.93——————0.51——112.92
————————————+9474.3%
Quick Ratio790.934.61790.93——————0.51——-48.59
————————————-4219.6%
Interest Coverage-1.57-0.64-1.000.76-1.61-1.73-0.39-0.84-0.94-0.25-1.05-0.20—
—————————————

Download Financial Ratios Data

Includes 30+ ratios · 48 years · Updated daily

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KFS — Frequently Asked Questions

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

What is Kingsway Financial Services Inc.'s quarterly P/E ratio trend?

Kingsway Financial Services Inc.'s current P/E is -23.8x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.

How do Kingsway Financial Services Inc.'s margins change by quarter?

Kingsway Financial Services Inc.'s current operating margin is -10.2%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.

Why look at KFS 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 Kingsway Financial Services Inc.'s business trajectory between earnings reports.