Last 48 quarters of trend data · Technology · Software - Application
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
RingCentral, Inc.'s quarterly P/E stands at 26.6x. EV/EBITDA has expanded 69.6% YoY to 22.7x, 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 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 72.96 | 26.56 | 27.77 | 37.29 | 50.63 | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 1.22 | 1.26 | 0.99 | 1.02 | 1.06 | 0.92 | 1.29 | 1.19 | 1.10 | 1.38 | 1.40 | 1.26 | 1.45 |
| — | +36.4% | -23.7% | -14.2% | -4.2% | -33.5% | -7.5% | -4.9% | -23.8% | +0.7% | -13.4% | -33.1% | -43.3% | |
| P/B Ratio | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/FCF | 5.24 | 5.14 | 3.34 | 4.55 | 3.80 | 4.33 | 7.10 | 7.06 | 6.01 | 10.55 | 8.50 | 10.02 | 10.70 |
| — | +18.7% | -52.9% | -35.6% | -36.7% | -59.0% | -16.5% | -29.5% | -43.8% | +25.4% | -83.5% | -78.5% | -76.8% | |
| EV / EBITDA | 11.32 | 22.74 | 9.32 | 7.27 | 10.22 | 13.41 | 15.95 | 18.47 | 19.63 | 25.23 | 58.85 | 104.22 | 62.26 |
| — | +69.6% | -41.6% | -60.6% | -47.9% | -46.8% | -72.9% | -82.3% | -68.5% | -93.0% | — | — | — | |
| EV / EBIT | 35.07 | 22.74 | 23.35 | 30.41 | 29.22 | 50.32 | 62.94 | 244.94 | 225.11 | — | — | — | — |
| — | -54.8% | -62.9% | -87.6% | -87.0% | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
RingCentral, Inc.'s operating margin was 7.8% in Q1 2026, up 0.3 pp QoQ and up 6.1 pp YoY. This marks the 3rd consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of 6.5% lags the current quarter, suggesting the recent improvement is above-trend.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 71.2% | 72.1% | 71.4% | 71.8% | 71.2% | 70.5% | 71.0% | 70.4% | 70.2% | 70.8% | 70.2% | 69.7% | 69.5% |
| — | +2.3% | +0.5% | +1.9% | +1.4% | -0.4% | +1.1% | +1.0% | +1.0% | +1.3% | +1.2% | +3.9% | +3.0% | |
| Operating Margin | 5.0% | 7.8% | 7.5% | 4.8% | 6.0% | 1.7% | 2.5% | 0.5% | -0.9% | -1.9% | -7.9% | -9.7% | -8.4% |
| — | +359.7% | +193.6% | +792.3% | +759.1% | +190.6% | +132.3% | +105.6% | +89.2% | +81.7% | +83.8% | +72.9% | +62.2% | |
| Net Margin | 1.7% | 4.8% | 3.6% | 2.7% | 2.1% | -1.7% | -1.2% | -1.3% | -2.5% | -4.9% | -8.3% | -7.5% | -4.0% |
| — | +381.7% | +404.9% | +313.1% | +185.5% | +65.4% | +85.9% | +82.9% | +37.5% | +52.2% | +84.7% | +86.5% | +87.8% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| ROA | 2.7% | 2.1% | 1.5% | 1.1% | 0.8% | -0.6% | -0.4% | -0.4% | -0.8% | -1.5% | -2.3% | -2.0% | -1.1% |
| — | +448.4% | +481.9% | +360.4% | +202.3% | +59.4% | +82.5% | +78.8% | +25.7% | +43.5% | +82.3% | +82.7% | +82.9% | |
| ROIC | 12.2% | 5.1% | 4.6% | 3.2% | 4.1% | 1.0% | 1.3% | 0.3% | -0.5% | -0.9% | -3.4% | -3.6% | -3.0% |
| — | +394.3% | +252.3% | +1100.8% | +969.9% | +209.2% | +138.1% | +107.2% | +84.5% | +76.2% | +80.0% | +62.0% | +44.7% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
RingCentral, Inc.'s Debt/EBITDA ratio is 28.6x, up from 14.2x last quarter — elevated, raising questions about debt serviceability. The current ratio has improved 37.9% YoY to 0.89x, strengthening the short-term liquidity position.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Debt / EBITDA | 3.79 | 28.62 | 14.21 | 10.02 | 14.18 | 21.54 | 22.34 | 27.33 | 31.11 | 34.63 | 82.10 | 181.91 | 89.09 |
| — | +32.8% | -36.4% | -63.3% | -54.4% | -37.8% | -72.8% | -85.0% | -65.1% | -93.8% | — | — | — | |
| Current Ratio | 0.49 | 0.89 | 0.63 | 0.63 | 0.65 | 0.65 | 1.16 | 1.12 | 1.09 | 1.09 | 1.34 | 1.74 | 1.36 |
| — | +37.9% | -46.0% | -43.7% | -40.3% | -40.6% | -13.3% | -35.4% | -19.8% | -24.4% | +10.0% | +43.5% | +14.1% | |
| Quick Ratio | 0.49 | 0.89 | 0.63 | 0.63 | 0.65 | 0.64 | 1.16 | 1.12 | 1.08 | 1.08 | 1.34 | 1.74 | 1.35 |
| — | +38.1% | -46.0% | -43.7% | -40.3% | -40.6% | -13.3% | -35.3% | -19.9% | -24.5% | +10.0% | +43.5% | +14.7% | |
| Interest Coverage | 1.93 | 3.38 | 3.03 | 2.22 | 1.95 | 1.08 | 1.10 | 0.27 | 0.28 | -0.55 | -1.73 | -2.77 | -1.84 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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RingCentral, Inc.'s current P/E is 73.0x. The average P/E over the last 4 quarters is 35.6x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
RingCentral, Inc.'s current operating margin is 5.0%. 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 RingCentral, Inc.'s business trajectory between earnings reports.