Last 47 quarters of trend data · Technology · Software - Application
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
NICE Ltd.'s quarterly P/E stands at 11.6x, down 57.8% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 47.6% YoY to 7.1x, reflecting multiple compression or accelerating EBITDA.
| 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 → | 12.82 | 11.63 | 15.81 | 14.27 | 19.18 | 27.57 | 23.34 | 24.43 | 40.72 | 40.22 | 30.58 | 39.41 | 49.76 |
| — | -57.8% | -32.3% | -41.6% | -52.9% | -31.5% | -23.7% | -38.0% | -18.2% | -10.5% | -30.5% | -18.9% | -20.9% | |
| P/S Ratio | 2.60 | 2.23 | 3.12 | 3.67 | 3.54 | 3.81 | 4.08 | 4.26 | 6.57 | 5.26 | 4.68 | 5.90 | 6.67 |
| — | -41.4% | -23.5% | -13.8% | -46.1% | -27.5% | -12.8% | -27.8% | -1.4% | -6.1% | -17.0% | -1.8% | -3.9% | |
| P/B Ratio | 2.04 | 1.82 | 2.37 | 2.86 | 2.84 | 3.05 | 3.15 | 3.27 | 5.01 | 3.91 | 3.48 | 4.29 | 4.88 |
| — | -40.3% | -24.7% | -12.4% | -43.4% | -21.9% | -9.7% | -23.9% | +2.8% | -6.3% | -18.5% | -3.4% | -5.6% | |
| P/FCF | 10.98 | 9.93 | 12.48 | 69.14 | 9.37 | 12.22 | 21.37 | 19.13 | 19.01 | 20.43 | 27.43 | 74.16 | 22.73 |
| — | -18.7% | -41.6% | +261.3% | -50.7% | -40.2% | -22.1% | -74.2% | -16.4% | -2.0% | -34.4% | — | +7.1% | |
| EV / EBITDA | 8.72 | 7.15 | 10.51 | 13.01 | 13.04 | 13.65 | 14.36 | 15.46 | 24.71 | 20.43 | 18.10 | 23.57 | 28.52 |
| — | -47.6% | -26.8% | -15.8% | -47.2% | -33.2% | -20.7% | -34.4% | -13.4% | -14.9% | -25.2% | -9.0% | -11.0% | |
| EV / EBIT | 11.37 | 9.67 | 13.00 | 16.63 | 16.86 | 18.27 | 19.62 | 19.30 | 35.24 | 22.49 | 24.83 | 30.29 | 37.76 |
| — | -47.1% | -33.7% | -13.9% | -52.2% | -18.7% | -21.0% | -36.3% | -6.7% | -39.2% | -30.3% | -22.0% | -26.9% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
NICE Ltd.'s operating margin was 22.4% in Q4 2025, up 0.4 pp QoQ and up 1.0 pp YoY. Gross margin contracted 3.6% 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 | 66.4% | 65.3% | 66.8% | 66.8% | 66.9% | 67.8% | 66.7% | 66.2% | 66.2% | 67.8% | 68.2% | 67.4% | 67.4% |
| — | -3.6% | +0.2% | +0.9% | +0.9% | +0.0% | -2.2% | -1.8% | -1.7% | -0.6% | -1.4% | -2.3% | -1.4% | |
| Operating Margin | 22.2% | 22.4% | 22.0% | 22.1% | 21.2% | 21.4% | 20.5% | 19.4% | 18.4% | 19.7% | 18.9% | 18.1% | 16.4% |
| — | +4.8% | +7.2% | +14.0% | +14.9% | +8.6% | +8.4% | +6.9% | +12.6% | +27.4% | +16.1% | +13.7% | +19.2% | |
| Net Margin | 20.8% | 19.1% | 19.8% | 25.8% | 18.5% | 13.8% | 17.5% | 17.4% | 16.1% | 13.1% | 15.4% | 15.0% | 13.5% |
| — | +38.8% | +12.9% | +48.0% | +14.4% | +5.2% | +14.1% | +15.9% | +19.9% | +4.6% | +19.6% | +21.6% | +22.5% |
| 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 | 16.5% | 3.9% | 3.8% | 5.2% | 3.6% | 2.8% | 3.4% | 3.3% | 3.1% | 2.5% | 2.9% | 2.8% | 2.5% |
| — | +41.3% | +11.2% | +55.0% | +16.6% | +11.7% | +19.4% | +21.0% | +25.5% | +4.2% | +17.0% | +20.2% | +21.8% | |
| ROA | 11.9% | 3.0% | 2.8% | 3.6% | 2.5% | 1.9% | 2.4% | 2.3% | 2.1% | 1.6% | 1.9% | 1.8% | 1.6% |
| — | +55.6% | +17.3% | +55.1% | +17.3% | +16.4% | +25.6% | +30.2% | +34.0% | +8.6% | +22.0% | +24.6% | +26.3% | |
| ROIC | 13.5% | 3.7% | 3.3% | 3.3% | 3.1% | 3.2% | 3.1% | 3.0% | 2.7% | 2.7% | 2.6% | 2.4% | 2.1% |
| — | +14.6% | +6.1% | +11.5% | +15.4% | +20.9% | +22.0% | +25.3% | +25.2% | +33.5% | +24.1% | +19.5% | +27.7% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
NICE Ltd.'s Debt/EBITDA ratio is 0.7x, up from 0.4x last quarter — comfortably within a safe range. The current ratio has weakened 8.5% YoY to 1.55x, tightening the short-term liquidity position.
| 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 | 0.04 | 0.04 | 0.02 | 0.14 | 0.15 | 0.16 | 0.16 | 0.16 | 0.17 | 0.23 | 0.23 | 0.25 | 0.26 |
| — | -73.0% | -85.8% | -11.8% | -6.7% | -33.0% | -31.1% | -33.3% | -36.6% | -8.3% | -13.2% | -10.0% | -6.7% | |
| Debt / EBITDA | 0.19 | 0.68 | 0.41 | 2.63 | 2.81 | 2.78 | 2.92 | 3.15 | 3.29 | 4.78 | 4.76 | 5.32 | 6.02 |
| — | -75.4% | -85.8% | -16.6% | -14.7% | -41.9% | -38.8% | -40.8% | -45.2% | -16.9% | -18.3% | -13.8% | -11.3% | |
| Current Ratio | 1.55 | 1.55 | 1.41 | 1.83 | 1.60 | 1.70 | 1.66 | 2.45 | 2.43 | 2.06 | 2.45 | 2.31 | 2.11 |
| — | -8.5% | -15.2% | -25.2% | -34.2% | -17.7% | -32.0% | +6.0% | +14.8% | -2.2% | +16.1% | +16.0% | +12.5% | |
| Quick Ratio | 1.55 | 1.55 | 1.41 | 1.83 | 1.60 | 1.70 | 1.66 | 2.45 | 2.43 | 2.06 | 2.45 | 2.31 | 2.11 |
| — | -8.5% | -15.2% | -25.2% | -34.2% | -17.7% | -32.0% | +6.0% | +14.8% | -2.2% | +16.1% | +16.0% | +12.5% | |
| Interest Coverage | — | — | — | — | — | 25.25 | — | — | — | — | — | 2849.43 | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
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NICE Ltd.'s current P/E is 12.8x. The average P/E over the last 4 quarters is 15.2x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
NICE Ltd.'s current operating margin is 22.2%. 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 NICE Ltd.'s business trajectory between earnings reports.