Last 22 quarters of trend data · Consumer Defensive · Beverages - Non-Alcoholic
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| 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 → | -2.37 | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 0.43 | 0.36 | 0.53 | 0.43 | 0.37 | 0.46 | 0.61 | 0.69 | 0.84 | 0.86 | 0.71 | 1.55 | 1.83 |
| — | -22.9% | -13.7% | -38.2% | -55.9% | -46.2% | -13.9% | -55.3% | -53.9% | -34.9% | -66.7% | -46.1% | -58.9% | |
| P/B Ratio | 18.39 | 16.95 | 23.61 | 3.69 | 2.41 | 3.74 | 2.21 | 2.28 | 2.46 | 2.09 | 0.90 | 2.23 | 1.96 |
| — | +353.5% | +968.5% | +61.8% | -1.8% | +78.9% | +145.5% | +2.3% | +25.4% | +60.4% | -49.2% | +11.2% | -24.3% | |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBIT | — | — | — | — | 39.35 | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Oatly Group AB's operating margin was -4.3% in Q4 2025, up 3.3 pp QoQ and up 37.5 pp YoY. This marks the 3rd consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of -8.0% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 20.1% YoY, indicating pricing power or improving input costs.
| 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 | 32.1% | 34.5% | 29.8% | 32.5% | 31.6% | 28.8% | 29.8% | 29.2% | 27.1% | 23.4% | 17.4% | 19.2% | 17.4% |
| — | +20.1% | -0.1% | +11.3% | +16.6% | +22.8% | +71.8% | +51.8% | +55.3% | +47.0% | +537.7% | +21.5% | +82.7% | |
| Operating Margin | -7.9% | -4.3% | -7.6% | -10.6% | -9.4% | -41.9% | -13.3% | -19.3% | -14.3% | -118.9% | -35.9% | -38.5% | -36.6% |
| — | +89.7% | +42.9% | +45.1% | +34.0% | +64.8% | +63.0% | +49.8% | +61.0% | -85.4% | +37.0% | +7.9% | +34.0% | |
| Net Margin | -17.7% | -8.2% | -29.3% | -26.9% | -6.3% | -42.6% | -16.6% | -15.0% | -23.0% | -146.3% | 23.5% | -44.2% | -38.6% |
| — | +80.8% | -76.4% | -78.7% | +72.6% | +70.9% | -170.7% | +66.0% | +40.5% | -128.0% | +139.8% | -9.4% | +26.6% |
| 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 | -242.9% | -96.8% | -112.0% | -51.2% | -10.9% | -54.1% | -14.6% | -11.7% | -15.0% | -64.4% | 7.8% | -13.6% | -9.9% |
| — | -79.0% | -668.1% | -337.3% | +27.5% | +16.1% | -288.0% | +13.8% | -51.4% | -330.0% | +168.3% | -104.4% | -35.7% | |
| ROA | -19.2% | -2.4% | -8.3% | -7.0% | -1.6% | -10.6% | -3.8% | -3.1% | -4.3% | -24.6% | 3.3% | -6.8% | -6.4% |
| — | +76.9% | -119.8% | -127.2% | +63.4% | +57.1% | -215.3% | +54.6% | +33.2% | -143.4% | +140.6% | -40.4% | -15.0% | |
| ROIC | -10.5% | -1.5% | -2.5% | -3.2% | -2.7% | -12.2% | -3.5% | -4.9% | -3.5% | -25.4% | -6.1% | -6.7% | -6.2% |
| — | +87.3% | +29.3% | +35.2% | +21.7% | +51.9% | +43.1% | +26.7% | +44.1% | -140.7% | +25.3% | -23.9% | +1.6% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
The current ratio has weakened 14.9% YoY to 0.48x, 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 | 26.12 | 26.12 | 27.54 | 5.09 | 3.90 | 4.63 | 2.13 | 1.99 | 1.97 | 1.59 | 0.86 | 1.15 | 0.29 |
| — | +463.9% | +1195.6% | +155.5% | +98.1% | +191.8% | +148.5% | +73.2% | +590.7% | +727.6% | +422.7% | +685.5% | +111.2% | |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Current Ratio | 0.48 | 0.48 | 0.42 | 0.49 | 0.53 | 0.56 | 0.62 | 0.68 | 0.75 | 0.83 | 1.01 | 0.93 | 1.11 |
| — | -14.9% | -31.6% | -27.7% | -29.1% | -32.5% | -38.8% | -27.2% | -32.7% | -41.3% | -35.1% | -51.8% | -60.1% | |
| Quick Ratio | 0.35 | 0.35 | 0.32 | 0.37 | 0.40 | 0.44 | 0.46 | 0.53 | 0.61 | 0.71 | 0.85 | 0.77 | 0.77 |
| — | -19.2% | -31.4% | -29.7% | -34.4% | -38.4% | -45.3% | -31.6% | -20.3% | -34.1% | -28.1% | -50.5% | -67.5% | |
| Interest Coverage | — | — | -0.36 | -1.35 | -1.37 | -5.78 | -1.80 | -2.37 | -2.30 | -15.45 | -4.21 | -2.32 | -35.86 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 22 years · Updated daily
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Start ComparisonOatly Group AB's current P/E is -2.4x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Oatly Group AB's current operating margin is -7.9%. 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 Oatly Group AB's business trajectory between earnings reports.