Last 47 quarters of trend data · Real Estate · REIT - Mortgage
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Redwood Trust, Inc.'s quarterly P/E stands at 10.6x.
| 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 → | -7.90 | 10.63 | — | — | 15.18 | — | 21.33 | 16.22 | 7.58 | 12.35 | — | 758.33 | 107.32 |
| — | — | — | — | +100.1% | — | — | -97.9% | -92.9% | — | — | — | +796.9% | |
| P/S Ratio | 0.56 | 0.83 | 0.57 | 0.90 | 0.65 | 6.99 | 3.67 | 3.18 | 2.81 | 3.78 | 19.13 | 4.21 | 4.50 |
| — | -88.1% | -84.5% | -71.6% | -76.7% | +85.2% | -80.8% | -24.5% | -37.5% | — | — | — | -12.6% | |
| P/B Ratio | 0.66 | 0.71 | 0.75 | 0.75 | 0.68 | 0.73 | 0.84 | 0.70 | 0.68 | 0.72 | 0.74 | 0.65 | 0.68 |
| — | -2.1% | -10.6% | +6.2% | -0.5% | +1.5% | +12.4% | +8.3% | +1.3% | +1.3% | +28.9% | -11.6% | -34.0% | |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — | — | 1.89 |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | 21.15 | 17.06 | 5508.05 | — | 182.84 | — | 17.75 | 126.82 | 82.18 | 351.67 | — | 194.68 | — |
| — | — | +30931.0% | — | +122.5% | — | — | -34.9% | — | — | — | — | — | |
| EV / EBIT | 21.35 | 17.18 | — | — | 205.31 | — | 17.95 | 17.64 | 16.50 | — | — | — | — |
| — | — | — | — | +1144.6% | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Redwood Trust, Inc.'s operating margin was 156.1% in Q4 2025, up 156.6 pp QoQ and up 192.9 pp YoY. This marks the 3rd consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of 30.0% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 39.3% 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 | 95.6% | 95.6% | 13.1% | -24.3% | 20.7% | 68.6% | 86.3% | 87.4% | 92.2% | 88.0% | 48.5% | 89.5% | 100.0% |
| — | +39.3% | -84.8% | -127.8% | -77.5% | -22.0% | +78.0% | -2.4% | -7.8% | -26.3% | -83.6% | -16.7% | +9.2% | |
| Operating Margin | 95.3% | 156.1% | -0.4% | -43.2% | 7.3% | -36.8% | 351.5% | 38.0% | 48.5% | 31.5% | -227.6% | 18.3% | — |
| — | +524.8% | -100.1% | -213.6% | -85.0% | -216.8% | +254.5% | +107.7% | — | -88.4% | -111.2% | -87.8% | — | |
| Net Margin | -6.3% | 9.5% | -2.4% | -45.3% | 5.2% | -21.4% | 21.3% | 23.0% | 40.6% | 36.9% | -286.4% | 6.6% | 10.8% |
| — | +144.3% | -111.1% | -296.5% | -87.1% | -158.1% | +107.4% | +246.8% | +275.7% | -82.2% | -112.5% | -95.3% | -74.9% |
| 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 | -6.5% | 2.0% | -0.8% | -8.8% | 1.4% | -0.5% | 1.2% | 1.3% | 2.5% | 1.8% | -2.8% | 0.3% | 0.4% |
| — | +468.1% | -161.9% | -793.0% | -45.4% | -130.1% | +143.9% | +400.3% | +499.6% | +146.3% | +33.9% | +103.4% | -81.0% | |
| ROA | -0.3% | 0.1% | -0.0% | -0.5% | 0.1% | -0.0% | 0.1% | 0.1% | 0.2% | 0.2% | -0.2% | 0.0% | 0.0% |
| — | +339.6% | -141.3% | -585.4% | -58.6% | -123.6% | +135.6% | +343.7% | +479.9% | +145.4% | +36.0% | +103.1% | -83.5% | |
| ROIC | 3.9% | 1.1% | -0.0% | -0.4% | 0.1% | -0.0% | 1.1% | 0.1% | 0.2% | 0.1% | -0.2% | 0.0% | — |
| — | +2382.0% | -100.4% | -383.9% | -51.8% | -147.4% | +825.2% | +155.7% | — | +129.5% | +41.9% | +108.4% | — |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Redwood Trust, Inc.'s Debt/EBITDA ratio is 66.9x, down from 21499.8x last quarter — elevated, raising questions about debt serviceability. Debt/Equity has risen for 11 consecutive quarters, indicating increasing financial leverage that investors should watch closely.
| 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 | 22.56 | 22.56 | 21.05 | 18.52 | 15.09 | 13.80 | 13.76 | 12.27 | 10.93 | 10.68 | 10.58 | 9.84 | 9.98 |
| — | +63.4% | +52.9% | +50.9% | +38.0% | +29.2% | +30.1% | +24.7% | +9.6% | +0.6% | +3.6% | -0.3% | +15.5% | |
| Debt / EBITDA | 20.80 | 66.89 | 21499.80 | — | 709.67 | — | 67.90 | 488.31 | 315.44 | 1347.07 | — | 753.40 | — |
| — | — | +31565.3% | — | +125.0% | — | — | -35.2% | — | — | — | — | — | |
| Current Ratio | 0.28 | 0.28 | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Quick Ratio | 0.28 | 0.28 | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Interest Coverage | 0.96 | 1.09 | -0.00 | -0.35 | 0.09 | -0.05 | 1.10 | 1.10 | 1.17 | -0.02 | -0.02 | -0.02 | -0.02 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
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Quick answers to the most common questions about buying RWT stock.
Redwood Trust, Inc.'s current P/E is -7.9x. The average P/E over the last 2 quarters is 12.9x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Redwood Trust, Inc.'s current operating margin is 95.3%. 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 Redwood Trust, Inc.'s business trajectory between earnings reports.