Last 47 quarters of trend data · Real Estate · REIT - Mortgage
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Ladder Capital Corp's quarterly P/E stands at 21.1x, up 88.9% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has expanded 97.4% YoY to 17.4x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 20.11 | 21.13 | 18.18 | 19.20 | 30.61 | 11.19 | 13.18 | 10.86 | 21.40 | 19.18 | 10.26 | 11.79 | 13.13 |
| — | +88.9% | +37.9% | +76.8% | +43.0% | -41.7% | +28.5% | -8.0% | +63.1% | +266.9% | +5.3% | +25.3% | -33.7% | |
| P/S Ratio | 3.33 | 3.60 | 3.36 | 3.45 | 3.93 | 2.91 | 2.82 | 2.99 | 2.71 | 2.95 | 2.27 | 2.51 | 2.32 |
| — | +23.9% | +19.2% | +15.4% | +45.1% | -1.6% | +24.1% | +19.3% | +16.8% | +66.4% | -4.1% | -3.9% | -24.2% | |
| P/B Ratio | 0.87 | 0.94 | 0.92 | 0.90 | 0.95 | 0.92 | 0.95 | 0.93 | 0.92 | 0.94 | 0.83 | 0.88 | 0.77 |
| — | +1.9% | -3.4% | -2.7% | +3.8% | -2.2% | +14.5% | +5.1% | +19.0% | +14.6% | +11.8% | +1.1% | -21.9% | |
| P/FCF | 14.99 | 7.64 | 13.06 | 7.70 | — | — | 2.16 | 7.82 | — | 6.16 | 4.10 | — | 2.64 |
| — | — | +504.5% | -1.6% | — | — | -47.4% | — | — | +6.9% | -44.0% | — | — | |
| EV / EBITDA | 17.27 | 17.39 | 14.82 | 14.22 | 15.85 | 8.81 | 9.15 | 11.10 | 11.26 | 12.04 | 10.44 | 11.77 | 13.97 |
| — | +97.4% | +62.0% | +28.1% | +40.7% | -26.8% | -12.4% | -5.7% | -19.4% | +38.6% | -27.2% | -15.4% | -23.2% | |
| EV / EBIT | 19.63 | 19.83 | 16.92 | 16.21 | 17.12 | 9.65 | 10.02 | 10.61 | 12.51 | 13.30 | 11.11 | 12.72 | 13.73 |
| — | +105.6% | +68.8% | +52.7% | +36.9% | -27.5% | -9.8% | -16.5% | -8.9% | +44.2% | -29.5% | -15.2% | -34.0% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Ladder Capital Corp's operating margin was 63.6% in Q4 2025, up 0.5 pp QoQ and down 5.7 pp YoY. The trailing four-quarter average of 61.6% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin contracted 8.6% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 71.8% | 70.9% | 71.3% | 71.6% | 72.2% | 77.5% | 77.2% | 73.9% | 77.8% | 77.6% | 80.9% | 79.1% | 78.5% |
| — | -8.6% | -7.7% | -3.1% | -7.2% | -0.1% | -4.6% | -6.5% | -0.9% | -7.6% | +6.4% | +0.9% | +4.8% | |
| Operating Margin | 62.0% | 63.6% | 63.1% | 63.4% | 56.1% | 69.3% | 66.2% | 61.2% | 59.7% | 64.9% | 67.4% | 65.8% | 59.3% |
| — | -8.3% | -4.7% | +3.7% | -6.1% | +6.8% | -1.8% | -7.0% | +0.8% | -13.2% | +0.6% | -4.9% | +11.9% | |
| Net Margin | 16.4% | 16.5% | 18.7% | 17.6% | 12.9% | 25.9% | 21.5% | 27.2% | 12.9% | 15.8% | 22.2% | 20.9% | 17.7% |
| — | -36.3% | -13.0% | -35.2% | -0.2% | +64.2% | -2.9% | +30.6% | -27.0% | -53.1% | -8.1% | -24.7% | +12.8% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 4.3% | 1.1% | 1.3% | 1.1% | 0.8% | 2.0% | 1.8% | 2.1% | 1.1% | 1.3% | 2.0% | 1.8% | 1.5% |
| — | -47.9% | -29.7% | -45.8% | -28.9% | +63.5% | -10.6% | +15.2% | -25.7% | -68.0% | +7.6% | -20.7% | +16.2% | |
| ROA | 1.3% | 0.3% | 0.4% | 0.4% | 0.3% | 0.6% | 0.5% | 0.6% | 0.3% | 0.3% | 0.6% | 0.5% | 0.4% |
| — | -47.4% | -21.6% | -37.8% | -17.5% | +75.8% | -4.9% | +27.2% | -19.2% | -65.3% | +15.3% | -17.3% | +17.9% | |
| ROIC | 4.4% | 1.0% | 1.1% | 1.2% | 1.1% | 1.8% | 1.8% | 1.4% | 1.4% | 1.3% | 1.5% | 1.4% | 1.1% |
| — | -46.6% | -36.7% | -17.2% | -23.0% | +36.4% | +15.4% | +3.2% | +25.6% | -28.5% | +41.1% | +14.0% | +16.6% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Ladder Capital Corp's Debt/EBITDA ratio is 50.3x, up from 41.2x last quarter — elevated, raising questions about debt serviceability. Debt/Equity has risen for 4 consecutive quarters, indicating increasing financial leverage that investors should watch closely.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.37 | 2.37 | 2.02 | 1.87 | 1.84 | 2.06 | 2.35 | 2.22 | 2.42 | 2.47 | 2.48 | 2.60 | 2.68 |
| — | +15.2% | -14.3% | -16.0% | -23.9% | -16.7% | -5.0% | -14.4% | -9.9% | -10.8% | -12.1% | -6.9% | -6.8% | |
| Debt / EBITDA | 12.69 | 50.26 | 41.16 | 39.59 | 47.14 | 34.32 | 38.15 | 41.63 | 42.98 | 43.32 | 37.07 | 41.09 | 49.26 |
| — | +46.5% | +7.9% | -4.9% | +9.7% | -20.8% | +2.9% | +1.3% | -12.7% | +43.7% | -23.3% | -6.8% | -15.8% | |
| Current Ratio | 0.50 | 0.50 | — | — | — | — | — | — | — | 8.89 | 9.30 | 9.83 | 6.00 |
| — | — | — | — | — | — | — | — | — | +12.9% | — | +63.0% | -8.9% | |
| Quick Ratio | 0.50 | 0.50 | — | — | — | — | — | — | — | 8.89 | 9.30 | 9.83 | 6.00 |
| — | — | — | — | — | — | — | — | — | +12.9% | — | +63.0% | -8.9% | |
| Interest Coverage | 1.38 | 1.34 | 1.46 | 1.51 | 1.24 | 1.65 | 1.49 | 1.57 | 1.31 | 1.30 | 1.55 | 1.46 | 1.39 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
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Ladder Capital Corp's current P/E is 20.1x. The average P/E over the last 4 quarters is 22.3x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Ladder Capital Corp's current operating margin is 62.0%. 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 Ladder Capital Corp's business trajectory between earnings reports.