Last 48 quarters of trend data · Technology · Software - Infrastructure
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
OneSpan Inc.'s quarterly P/E stands at 2.8x, down 55.9% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has expanded 1044.7% YoY to 135.3x, 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 → | 5.81 | 2.84 | 23.37 | 19.87 | 10.30 | 6.44 | 19.85 | 18.85 | 8.31 | 243.64 | — | — | — |
| — | -55.9% | +17.7% | +5.4% | +24.0% | -97.4% | — | — | — | — | — | — | — | |
| P/S Ratio | 1.70 | 1.96 | 2.70 | 2.72 | 2.35 | 3.02 | 2.92 | 2.05 | 1.72 | 1.71 | 1.85 | 2.69 | 3.04 |
| — | -35.1% | -7.7% | +32.6% | +36.2% | +77.0% | +58.2% | -23.7% | -43.3% | -13.4% | +23.5% | +18.8% | +11.4% | |
| P/B Ratio | 1.56 | 1.82 | 2.58 | 2.68 | 2.58 | 3.48 | 3.38 | 2.80 | 2.62 | 2.70 | 2.45 | 3.21 | 3.52 |
| — | -47.8% | -23.5% | -4.1% | -1.6% | +28.8% | +37.8% | -12.8% | -25.6% | +23.0% | +39.8% | +37.4% | +37.2% | |
| P/FCF | 8.17 | 12.83 | 20.28 | 37.33 | 5.37 | 17.70 | 13.69 | 5682.61 | 4.68 | — | — | — | 17.25 |
| — | -27.5% | +48.2% | -99.3% | +14.6% | — | — | — | -72.8% | — | — | — | -59.3% | |
| EV / EBITDA | 7.94 | 135.25 | 12.49 | 10.95 | 6.46 | 11.82 | 11.14 | 11.41 | 6.01 | 26.19 | — | — | — |
| — | +1044.7% | +12.1% | -4.1% | +7.4% | -54.9% | — | — | — | — | — | — | — | |
| EV / EBIT | 7.19 | — | 16.04 | 13.45 | 7.08 | 12.29 | 12.30 | 11.84 | 6.24 | 16.32 | 53.71 | — | — |
| — | — | +30.4% | +13.6% | +13.6% | -24.7% | -77.1% | — | — | — | -31.6% | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
OneSpan Inc.'s operating margin was 19.9% in Q4 2025, up 5.5 pp QoQ and up 0.6 pp YoY.
| 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 | 73.8% | 73.6% | 73.6% | 73.5% | 74.3% | 74.0% | 73.9% | 66.2% | 73.1% | 69.1% | 69.1% | 61.5% | 68.2% |
| — | -0.6% | -0.3% | +11.0% | +1.7% | +7.2% | +6.9% | +7.6% | +7.2% | +3.0% | +2.8% | -8.5% | -2.5% | |
| Operating Margin | 19.9% | 19.9% | 14.4% | 17.6% | 27.1% | 19.3% | 20.0% | 12.5% | 21.8% | 2.9% | -8.1% | -31.9% | -14.1% |
| — | +3.2% | -27.9% | +40.1% | +24.6% | +568.4% | +345.5% | +139.3% | +254.2% | +140.8% | +17.2% | -104.2% | +19.9% | |
| Net Margin | 30.0% | 69.2% | 11.4% | 13.9% | 22.9% | 47.1% | 14.7% | 10.8% | 20.8% | 0.7% | -7.0% | -31.9% | -14.5% |
| — | +47.1% | -22.4% | +29.6% | +10.2% | +6615.4% | +309.4% | +133.8% | +243.2% | +112.8% | +44.3% | -79.8% | -245.9% |
| 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 | 30.1% | 17.1% | 2.7% | 3.5% | 6.5% | 14.1% | 4.4% | 3.8% | 8.2% | 0.3% | -2.3% | -9.2% | -4.2% |
| — | +20.7% | -38.9% | -6.1% | -19.9% | +5295.8% | +295.2% | +140.8% | +296.7% | +116.9% | +37.0% | -110.5% | -276.5% | |
| ROA | 19.8% | 11.7% | 1.9% | 2.4% | 4.3% | 9.2% | 2.9% | 2.3% | 4.8% | 0.2% | -1.4% | -5.8% | -2.6% |
| — | +28.2% | -35.3% | +3.9% | -9.3% | +5845.5% | +302.0% | +140.3% | +285.7% | +115.8% | +39.6% | -99.7% | -266.6% | |
| ROIC | 21.0% | 5.1% | 3.8% | 5.4% | 9.4% | 6.7% | 6.9% | 4.9% | 8.9% | 1.1% | -3.2% | -12.7% | -5.6% |
| — | -24.3% | -43.9% | +9.7% | +5.7% | +489.0% | +313.1% | +138.5% | +259.6% | +145.4% | +1.6% | -193.6% | -27.4% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
OneSpan Inc.'s Debt/EBITDA ratio is 7.7x, up from 0.8x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 5.3% YoY to 1.50x, tightening the short-term liquidity position. Debt/Equity has declined for 3 consecutive quarters, reflecting a deleveraging trend.
| 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 | 0.02 | 0.02 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.06 | 0.03 | 0.03 | 0.04 |
| — | -48.3% | -3.6% | -1.1% | +9.6% | -21.5% | +27.9% | +32.0% | -13.4% | +5.7% | -31.7% | -34.0% | -8.6% | |
| Debt / EBITDA | 0.14 | 7.73 | 0.81 | 0.73 | 0.46 | 0.66 | 0.56 | 0.72 | 0.37 | 2.35 | — | — | — |
| — | +1073.0% | +44.3% | +0.6% | +24.3% | -71.9% | — | — | — | — | — | — | — | |
| Current Ratio | 1.50 | 1.50 | 1.75 | 1.77 | 1.96 | 1.59 | 1.76 | 1.54 | 1.46 | 1.27 | 1.60 | 1.64 | 1.82 |
| — | -5.3% | -0.8% | +15.5% | +34.6% | +24.6% | +10.3% | -6.6% | -19.9% | -28.5% | -25.9% | -23.8% | -22.5% | |
| Quick Ratio | 1.41 | 1.41 | 1.62 | 1.65 | 1.83 | 1.49 | 1.60 | 1.40 | 1.30 | 1.14 | 1.43 | 1.49 | 1.66 |
| — | -5.2% | +1.4% | +18.0% | +41.3% | +30.8% | +12.0% | -5.9% | -21.7% | -32.0% | -29.8% | -26.6% | -25.3% | |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Start ComparisonOneSpan Inc.'s current P/E is 5.8x. The average P/E over the last 4 quarters is 14.1x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
OneSpan Inc.'s current operating margin is 19.9%. 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 OneSpan Inc.'s business trajectory between earnings reports.