Last 26 quarters of trend data · Technology · Software - Application
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -59.42 | — | — | 15.84 | — | — | — | 14.12 | — | 143.03 | — | 11.99 | 95.43 | — | — | 14.56 | 69.29 | 28.38 | 77.74 | 17.02 | 27.45 |
| — | — | — | +12.1% | — | — | — | +17.8% | — | — | — | -17.6% | +37.7% | — | — | -14.5% | +152.4% | -47.7% | -43.3% | -17.2% | — | |
| P/S Ratio | 3.04 | 1.92 | 1.54 | 1.37 | 1.40 | 2.06 | 1.73 | 2.26 | 2.54 | 4.20 | 4.45 | 2.65 | 2.66 | 3.75 | 3.29 | 2.45 | 3.67 | 3.58 | 6.81 | 6.40 | 6.41 |
| — | -6.8% | -11.0% | -39.6% | -44.9% | -50.8% | -61.1% | -14.6% | -4.5% | +11.7% | +35.3% | +7.9% | -27.5% | +4.8% | -51.7% | -61.6% | -42.7% | -67.7% | -57.6% | +79.5% | — | |
| P/B Ratio | 3.30 | 2.53 | 1.54 | 1.67 | 1.55 | 2.41 | 1.60 | 2.79 | 2.77 | 3.99 | 4.11 | 3.03 | 2.35 | 3.23 | 2.38 | 2.34 | 3.24 | 3.18 | 5.55 | 7.52 | 6.74 |
| — | +5.0% | -4.2% | -40.3% | -44.0% | -39.6% | -61.0% | -7.8% | +18.1% | +23.6% | +72.8% | +29.5% | -27.5% | +1.5% | -57.1% | -68.9% | -52.0% | -70.8% | -63.5% | +64.5% | — | |
| P/FCF | 12.89 | 11.07 | 5.58 | — | 4.17 | 15.84 | 15.13 | 21.82 | 63.63 | 40.82 | 18.25 | 11.47 | 9.86 | 22.03 | 34.15 | 25.97 | 22.18 | 39.69 | 24.88 | 25.82 | 27.62 |
| — | -30.1% | -63.2% | — | -93.4% | -61.2% | -17.1% | +90.3% | +545.1% | +85.3% | -46.6% | -55.8% | -55.5% | -44.5% | +37.3% | +0.6% | -19.7% | -44.4% | -66.6% | — | — | |
| EV / EBITDA | 28.62 | 6.39 | — | 4.59 | 35.34 | 21.16 | — | 6.84 | 17.28 | 36.92 | 49.73 | 6.72 | 13.90 | 57.76 | 222.07 | 6.10 | 12.34 | 12.85 | 30.53 | 13.38 | 17.19 |
| — | -69.8% | — | -33.0% | +104.5% | -42.7% | — | +1.8% | +24.3% | -36.1% | -77.6% | +10.2% | +12.7% | +349.6% | +627.4% | -54.4% | -28.2% | -62.9% | -49.9% | +95.6% | — | |
| EV / EBIT | — | 69.89 | — | 8.75 | — | — | — | 9.74 | — | 113.89 | — | 10.36 | — | — | — | 10.04 | 23.98 | 22.45 | 78.40 | 16.77 | 24.90 |
| — | — | — | -10.2% | — | — | — | -5.9% | — | — | — | +3.2% | — | — | — | -40.1% | -3.7% | -57.0% | -23.6% | +106.4% | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 63.6% | 67.1% | 58.3% | 68.2% | 62.6% | 62.6% | 59.9% | 70.8% | 64.5% | 62.6% | 61.9% | 71.4% | 59.0% | 60.4% | 56.9% | 69.1% | 66.5% | 69.9% | 67.0% | 77.6% | 72.4% |
| — | +7.2% | -2.7% | -3.8% | -2.9% | -0.0% | -3.2% | -0.8% | +9.2% | +3.6% | +8.7% | +3.3% | -11.3% | -13.6% | -15.1% | -11.0% | -8.1% | -5.1% | -6.7% | -2.5% | +0.2% | |
| Operating Margin | -6.1% | 0.7% | -23.7% | 10.6% | -12.4% | -7.7% | -18.6% | 17.3% | -1.9% | -5.9% | -8.3% | 24.1% | -0.9% | -11.3% | -19.3% | 22.2% | 14.9% | 15.5% | 8.4% | 37.0% | 24.2% |
| — | +109.6% | -27.1% | -38.5% | -551.5% | -29.7% | -125.1% | -28.3% | -112.1% | +47.4% | +57.0% | +8.5% | -106.0% | -172.5% | -329.4% | -39.9% | -38.3% | -23.9% | -44.9% | -6.3% | +17.3% | |
| Net Margin | -5.1% | -1.5% | -20.0% | 8.4% | -9.5% | -7.3% | -14.9% | 16.3% | -1.3% | 2.9% | -3.7% | 22.1% | 2.8% | -9.0% | -10.6% | 17.2% | 5.2% | 12.4% | 8.8% | 37.4% | 23.3% |
| — | +79.1% | -34.5% | -48.6% | -647.3% | -350.0% | -304.0% | -26.5% | -145.6% | +132.4% | +65.3% | +28.5% | -46.0% | -172.9% | -221.0% | -54.0% | -77.9% | -37.9% | -22.3% | +11.7% | +41.3% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -5.4% | -0.5% | -4.9% | 2.6% | -2.6% | -2.0% | -3.4% | 5.1% | -0.3% | 0.7% | -0.8% | 6.4% | 0.6% | -1.9% | -1.9% | 4.2% | 1.2% | 2.8% | 1.8% | 11.8% | 6.4% |
| — | +75.5% | -42.0% | -48.8% | -690.9% | -391.0% | -309.0% | -19.6% | -154.9% | +136.2% | +55.8% | +51.3% | -47.3% | -167.2% | -204.2% | -64.2% | -82.0% | -44.8% | -33.4% | -11.0% | -6.2% | |
| ROA | -2.0% | -0.2% | -1.9% | 1.0% | -1.0% | -0.8% | -1.3% | 1.9% | -0.1% | 0.3% | -0.4% | 2.9% | 0.3% | -1.0% | -1.0% | 2.1% | 0.6% | 1.5% | 0.9% | 5.7% | 3.3% |
| — | +77.2% | -38.6% | -49.3% | -613.1% | -355.5% | -262.8% | -31.9% | -145.2% | +130.8% | +61.4% | +39.2% | -47.7% | -167.3% | -205.5% | -64.0% | -82.7% | -47.1% | -34.6% | -7.3% | +26.7% | |
| ROIC | -6.8% | 0.3% | -7.2% | 4.1% | -3.6% | -2.0% | -4.0% | 5.0% | -0.4% | -1.3% | -1.7% | 6.7% | -0.2% | -2.3% | -3.2% | 4.8% | 2.7% | 3.1% | 1.6% | 12.6% | 8.7% |
| — | +114.3% | -77.6% | -17.8% | -717.7% | -55.4% | -134.0% | -25.7% | -118.9% | +45.0% | +46.1% | +38.5% | -107.4% | -174.9% | -295.5% | -61.9% | -68.5% | -55.3% | -66.1% | -38.0% | +46.6% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.17 | 0.17 | 0.17 | 0.17 | 0.18 | 0.19 | 0.16 | 0.16 | 0.16 | 0.11 | 0.08 | 0.10 | 0.08 | 0.08 | 0.08 | 0.09 | 0.10 | 0.10 | 0.09 | 0.10 | — |
| — | -7.9% | +3.7% | +2.1% | +14.7% | +73.5% | +92.3% | +71.8% | +103.7% | +31.5% | +1.8% | +11.8% | -19.0% | -17.8% | -11.5% | -14.7% | — | — | +563.2% | +1022.6% | — | |
| Debt / EBITDA | 1.65 | 1.99 | — | 2.40 | 21.86 | 7.07 | — | 1.73 | 4.17 | 4.12 | 4.30 | 0.90 | 2.08 | 6.38 | 33.54 | 0.98 | 1.50 | 1.64 | 2.14 | 0.73 | — |
| — | -71.9% | — | +38.5% | +424.3% | +71.5% | — | +92.9% | +100.9% | -35.4% | -87.2% | -8.3% | +38.0% | +287.9% | +1468.3% | +33.4% | — | — | +817.5% | +1138.5% | — | |
| Current Ratio | 1.39 | 1.27 | 1.37 | 1.39 | 1.34 | 1.32 | 1.44 | 1.37 | 1.35 | 1.44 | 1.55 | 1.48 | 1.56 | 1.65 | 1.78 | 1.67 | 1.64 | 1.80 | 2.02 | 1.73 | 1.78 |
| — | -3.4% | -5.3% | +1.2% | -0.7% | -8.2% | -6.8% | -7.2% | -13.6% | -12.8% | -12.9% | -11.2% | -5.0% | -8.4% | -11.9% | -3.4% | -7.5% | -4.2% | +0.7% | +1.1% | +13.2% | |
| Quick Ratio | 1.39 | 1.27 | 1.37 | 1.39 | 1.34 | 1.32 | 1.44 | 1.37 | 1.35 | 1.44 | 1.55 | 1.48 | 1.56 | 1.65 | 1.78 | 1.67 | 1.64 | 1.80 | 2.02 | 1.73 | 1.78 |
| — | -3.4% | -5.3% | +1.2% | -0.7% | -8.2% | -6.8% | -7.2% | -13.6% | -12.8% | -12.9% | -11.2% | -5.0% | -8.4% | -11.9% | -3.4% | -7.5% | -4.2% | +0.7% | +1.1% | +13.2% | |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 26 years · Updated daily
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Quick answers to the most common questions about buying PUBM stock.
PubMatic, Inc.'s current P/E is -59.4x. The average P/E over the last 1 quarters is 15.8x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
PubMatic, Inc.'s current operating margin is -6.1%. 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 PubMatic, Inc.'s business trajectory between earnings reports.