Last 47 quarters of trend data · Real Estate · REIT - Mortgage
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 → | -5.60 | — | — | 10.63 | — | — | 15.52 | — | 21.33 | 16.22 | 7.58 | 12.35 | — | 758.33 | 107.32 | — | — | — | 11.97 | 9.70 | 4.96 |
| — | — | — | — | — | — | +104.6% | — | — | -97.9% | -92.9% | — | — | — | +796.9% | — | — | — | +231.0% | +112.1% | +169.0% | |
| P/S Ratio | 0.40 | 0.36 | 0.47 | 0.83 | 0.57 | 0.90 | 0.65 | 4.78 | 3.79 | 3.18 | 2.81 | 3.78 | 19.13 | 4.21 | 4.50 | — | — | — | 5.15 | 4.74 | 3.26 |
| — | -59.8% | -27.8% | -82.6% | -85.0% | -71.6% | -76.7% | +26.5% | -80.2% | -24.5% | -37.5% | — | — | — | -12.6% | — | — | — | +124.4% | +159.4% | +130.1% | |
| P/B Ratio | 0.47 | 0.64 | 0.73 | 0.71 | 0.75 | 0.75 | 0.68 | 0.73 | 0.84 | 0.70 | 0.68 | 0.72 | 0.74 | 0.65 | 0.68 | 0.71 | 0.58 | 0.73 | 1.02 | 1.37 | 1.33 |
| — | -14.8% | +7.4% | -2.1% | -10.6% | +6.2% | -0.5% | +1.5% | +12.4% | +8.3% | +1.3% | +1.3% | +28.9% | -11.6% | -34.0% | -48.2% | -56.5% | -44.5% | -15.2% | +54.5% | +31.1% | |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 1.89 | — | 0.46 | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | 20.98 | 19.60 | — | 17.06 | 5508.05 | — | 17.26 | 739.59 | 177.66 | 126.82 | 82.18 | 154.38 | — | 194.68 | 18.39 | — | — | — | 84.61 | 58.99 | 32.64 |
| — | — | — | -97.7% | +3000.4% | — | -79.0% | +379.1% | — | -34.9% | +346.8% | — | — | — | -78.3% | — | — | — | +280.8% | +161.5% | +118.5% | |
| EV / EBIT | 21.18 | 19.73 | — | 17.18 | — | — | 17.26 | 17.84 | 200.44 | 17.64 | 106.68 | — | — | — | — | 32.29 | 32.41 | 184.70 | 20.57 | 22.21 | 16.82 |
| — | — | — | -3.7% | — | — | -83.8% | — | — | — | — | — | — | — | — | +45.4% | +92.7% | +1190.1% | +67.2% | — | +71.7% |
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 | 95.6% | 10.5% | 13.1% | 95.6% | 13.1% | -24.3% | 20.7% | 46.9% | 85.9% | 87.4% | 92.2% | 88.0% | 48.5% | 89.5% | 100.0% | 119.5% | 295.0% | 107.4% | 91.6% | 89.9% | 96.7% |
| — | +143.2% | -36.9% | +103.9% | -84.7% | -127.8% | -77.5% | -46.7% | +77.1% | -2.4% | -7.8% | -26.3% | -83.6% | -16.7% | +9.2% | +32.8% | +205.0% | +10.3% | -6.3% | -7.8% | -2.2% | |
| Operating Margin | 95.3% | 86.4% | -2.2% | 156.1% | -0.4% | -43.2% | 85.7% | 6.6% | 32.5% | 38.0% | 48.5% | 31.5% | -227.6% | 18.3% | 363.9% | 270.8% | 2033.3% | 150.3% | 45.3% | 56.7% | 63.6% |
| — | +300.0% | -102.5% | +2279.2% | -101.3% | -213.6% | +76.7% | -79.1% | +114.3% | +107.7% | -86.7% | -88.4% | -111.2% | -87.8% | +703.5% | +377.7% | +3099.0% | +113.9% | -35.8% | -25.2% | -25.1% | |
| Net Margin | -6.3% | -0.3% | -1.5% | 9.5% | -2.4% | -45.3% | 5.2% | -14.6% | 22.0% | 23.0% | 40.6% | 36.9% | -286.4% | 6.6% | 10.8% | 207.1% | 2291.4% | 141.8% | 43.0% | 44.1% | 62.9% |
| — | +99.4% | -128.3% | +164.9% | -110.7% | -296.5% | -87.1% | -139.7% | +107.7% | +246.8% | +275.7% | -82.2% | -112.5% | -95.3% | -74.9% | +369.4% | +3541.4% | +128.5% | -29.2% | +9.2% | -16.4% |
| 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 | -6.5% | -0.1% | -0.6% | 2.0% | -0.8% | -8.8% | 1.4% | -0.5% | 1.2% | 1.3% | 2.5% | 1.8% | -2.8% | 0.3% | 0.4% | -3.9% | -4.2% | -7.4% | 2.2% | 3.2% | 6.6% |
| — | +98.7% | -141.7% | +468.1% | -161.9% | -793.0% | -45.4% | -130.1% | +143.9% | +400.3% | +499.6% | +146.3% | +33.9% | +103.4% | -81.0% | -223.5% | -163.2% | -203.2% | -73.9% | -36.4% | -53.6% | |
| ROA | -0.3% | -0.0% | -0.0% | 0.1% | -0.0% | -0.5% | 0.1% | -0.0% | 0.1% | 0.1% | 0.2% | 0.2% | -0.2% | 0.0% | 0.0% | -0.3% | -0.4% | -0.7% | 0.2% | 0.3% | 0.7% |
| — | +99.2% | -125.7% | +339.6% | -141.3% | -585.4% | -58.6% | -123.6% | +135.6% | +343.7% | +479.9% | +145.4% | +36.0% | +103.1% | -83.5% | -206.1% | -153.0% | -190.4% | -76.7% | -39.4% | -48.4% | |
| ROIC | 3.9% | 1.0% | -0.0% | 1.1% | -0.0% | -0.4% | 1.1% | 0.0% | 0.1% | 0.1% | 0.2% | 0.1% | -0.2% | 0.0% | 1.0% | -0.3% | -0.3% | -0.6% | 0.2% | 0.3% | 0.6% |
| — | +370.6% | -102.2% | +8596.9% | -104.9% | -383.9% | +467.3% | -87.6% | +164.9% | +155.7% | -79.8% | +129.5% | +41.9% | +108.4% | +435.2% | -206.3% | -145.7% | -183.4% | -79.1% | -58.5% | -54.1% |
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 | 22.56 | 29.41 | 26.42 | 22.56 | 21.05 | 18.52 | 15.09 | 13.80 | 13.76 | 12.27 | 10.93 | 10.68 | 10.58 | 9.84 | 9.98 | 10.61 | 10.21 | 9.87 | 8.64 | 9.29 | 8.31 |
| — | +58.8% | +75.1% | +63.4% | +52.9% | +50.9% | +38.0% | +29.2% | +30.1% | +24.7% | +9.6% | +0.6% | +3.6% | -0.3% | +15.5% | +14.2% | +22.9% | +21.7% | +12.2% | +14.1% | -4.8% | |
| Debt / EBITDA | 20.80 | 77.26 | — | 66.89 | 21499.80 | — | 67.00 | 2850.79 | 679.56 | 488.31 | 315.44 | 591.33 | — | 753.40 | 71.27 | — | — | — | 311.72 | 212.18 | 117.50 |
| — | — | — | -97.7% | +3063.8% | — | -78.8% | +382.1% | — | -35.2% | +342.6% | — | — | — | -77.1% | — | — | — | +289.7% | +148.7% | +109.8% | |
| Current Ratio | 0.28 | — | 0.06 | 0.28 | — | — | — | — | 1.85 | — | — | — | — | — | — | — | 0.30 | 3.15 | 0.43 | — | 0.33 |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -7.5% | -59.8% | +28.0% | — | -65.0% | |
| Quick Ratio | 0.28 | — | 0.06 | 0.28 | — | — | — | — | 1.85 | — | — | — | — | — | — | — | 0.30 | 3.14 | 0.43 | — | 0.32 |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -4.3% | -59.8% | +32.9% | — | -75.0% | |
| Interest Coverage | 0.96 | 58.87 | -0.02 | 1.09 | -0.00 | -0.35 | 1.09 | 1.00 | 0.10 | 1.10 | 0.18 | -0.02 | -0.02 | -0.02 | -0.02 | 0.64 | 0.66 | 0.14 | 1.21 | 1.44 | 1.82 |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
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 -5.6x. The average P/E over the last 1 quarters is 10.6x. 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.