Last 11 quarters of trend data · Financial Services · Asset Management
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Chicago Atlantic BDC, Inc.'s quarterly P/E stands at 6.3x, up 66.0% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has expanded 107.5% YoY to 6.9x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 6.95 | 6.31 | 7.17 | 6.73 | 6.81 | 3.80 | 3.17 | — | 14.07 | 28.74 | 5.25 | 12.10 |
| — | +66.0% | +126.0% | — | -51.6% | -86.8% | -39.5% | — | — | — | — | — | |
| P/S Ratio | 4.27 | 3.19 | 5.51 | 5.55 | 5.62 | 3.34 | 2.55 | 5.95 | 7.92 | 4.99 | 3.62 | 7.88 |
| — | -4.4% | +115.8% | -6.7% | -29.0% | -33.1% | -29.5% | -24.5% | — | — | — | — | |
| P/B Ratio | 0.76 | 0.70 | 0.78 | 0.79 | 0.78 | 0.39 | 0.34 | 0.80 | 0.87 | 0.71 | 0.61 | 0.69 |
| — | +81.3% | +131.8% | -1.3% | -10.2% | -45.3% | -45.3% | +16.4% | — | — | — | — | |
| P/FCF | — | — | 9.05 | — | 30.29 | 5.11 | 62.80 | 261.41 | 7.40 | 7.10 | 1.84 | 17.90 |
| — | — | -85.6% | — | +309.2% | -28.0% | +3319.1% | +1360.4% | — | — | — | — | |
| EV / EBITDA | 7.35 | 6.91 | 7.82 | 6.80 | 6.62 | 3.33 | 2.41 | — | 7.63 | 12.78 | 1.99 | 5.95 |
| — | +107.5% | +223.8% | — | -13.2% | -73.9% | +21.5% | — | — | — | — | — | |
| EV / EBIT | 7.35 | 6.91 | 7.82 | 6.80 | 6.62 | 3.33 | 2.41 | — | 7.63 | 12.78 | 1.99 | 5.95 |
| — | +107.5% | +223.8% | — | -13.2% | -73.9% | +21.5% | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Chicago Atlantic BDC, Inc.'s operating margin was 57.2% in Q1 2026, down 19.9 pp QoQ and down 30.1 pp YoY. This marks the 3rd consecutive quarter of margin compression, signaling a persistent pressure on profitability that investors should monitor. The trailing four-quarter average of 74.5% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin contracted 23.4% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 77.3% | 75.3% | 98.6% | 99.7% | 97.1% | 98.3% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| — | -23.4% | -1.4% | -0.3% | -2.9% | -1.7% | 0.0% | 0.0% | — | — | — | — | |
| Operating Margin | 63.6% | 57.2% | 77.1% | 81.8% | 81.7% | 87.3% | 80.7% | -5.9% | 55.7% | 17.4% | 69.0% | 66.7% |
| — | -34.5% | -4.5% | +1477.8% | +46.7% | +403.0% | +17.0% | -108.9% | — | — | — | — | |
| Net Margin | 61.3% | 51.1% | 77.1% | 81.8% | 81.7% | 87.3% | 80.7% | -5.9% | 55.7% | 17.4% | 69.0% | 66.7% |
| — | -41.5% | -4.5% | +1477.8% | +46.7% | +403.0% | +17.0% | -108.9% | — | — | — | — |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.0% | 2.8% | 2.7% | 2.9% | 2.8% | 2.5% | 4.2% | -0.2% | 1.5% | 0.6% | 2.9% | 1.5% |
| — | +11.1% | -34.6% | +1576.3% | +85.9% | +313.7% | +43.9% | -113.6% | — | — | — | — | |
| ROA | 10.2% | 2.4% | 2.5% | 2.7% | 2.7% | 2.4% | 4.0% | -0.2% | 1.4% | 0.6% | 2.8% | 1.4% |
| — | -2.3% | -38.4% | +1557.1% | +85.6% | +320.6% | +42.3% | -112.9% | — | — | — | — | |
| ROIC | 8.2% | 2.1% | 1.9% | 2.1% | 2.1% | 1.9% | 3.1% | -0.1% | 1.1% | 0.5% | 2.2% | — |
| — | +10.0% | -38.2% | +1538.4% | +84.4% | +313.7% | +43.9% | — | — | — | — | — |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Chicago Atlantic BDC, Inc.'s Debt/EBITDA ratio is 5.7x, up from 3.0x 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 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.08 | 0.18 | 0.08 | 0.04 | 0.02 | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | |
| Debt / EBITDA | 0.72 | 5.70 | 3.03 | 1.25 | 0.58 | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | |
| Current Ratio | 0.22 | — | 0.22 | 0.79 | 0.56 | 2.91 | 633.94 | — | 6.31 | 6.63 | 11.45 | 17.92 |
| — | — | -100.0% | — | -91.2% | -56.1% | +5437.6% | — | — | — | — | — | |
| Quick Ratio | 0.22 | — | 0.22 | 0.79 | 0.56 | 2.91 | 633.94 | — | 6.31 | 6.63 | 11.45 | 17.92 |
| — | — | -100.0% | — | -91.2% | -56.1% | +5437.6% | — | — | — | — | — | |
| Interest Coverage | 27.63 | 9.33 | 56.99 | 251.80 | 28.49 | 52.38 | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — |
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Quick answers to the most common questions about buying LIEN stock.
Chicago Atlantic BDC, Inc.'s current P/E is 7.0x. The average P/E over the last 4 quarters is 6.8x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Chicago Atlantic BDC, Inc.'s current operating margin is 63.6%. Margins have been compressing 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 Chicago Atlantic BDC, Inc.'s business trajectory between earnings reports.