Last 48 quarters of trend data · Industrials · Airlines, Airports & Air Services
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 12.72 | — | 317.74 | 2.34 | 4.71 | — | 40.36 | 4.09 | 44.79 | — | 516.86 | 3.24 | 9.53 |
| — | — | +687.2% | -42.9% | -89.5% | — | -92.2% | +26.3% | +369.8% | — | +2389.2% | +5.4% | -54.6% | |
| P/S Ratio | 1.74 | 2.95 | 3.00 | 1.47 | 1.78 | 2.55 | 2.00 | 1.26 | 1.79 | 3.52 | 2.58 | 1.13 | 1.74 |
| — | +15.6% | +49.9% | +16.6% | -0.8% | -27.5% | -22.5% | +11.5% | +2.7% | +61.1% | +40.0% | +36.4% | +18.5% | |
| P/B Ratio | 2.75 | 2.98 | 4.39 | 3.59 | 4.17 | 3.33 | 2.90 | 3.29 | 3.32 | 4.36 | 3.88 | 2.87 | 4.11 |
| — | -10.5% | +51.5% | +9.1% | +25.5% | -23.5% | -25.3% | +14.7% | -19.3% | +52.2% | +43.3% | +43.8% | +66.7% | |
| P/FCF | 15.01 | 4.89 | — | — | 9.24 | — | — | — | 10.40 | 5.87 | — | — | 10.12 |
| — | — | — | — | -11.2% | — | — | — | +2.7% | +121.9% | — | — | +162.7% | |
| EV / EBITDA | 6.73 | — | 27.34 | 3.35 | 5.88 | — | 18.21 | 3.23 | 9.13 | — | 23.72 | 2.77 | 9.65 |
| — | — | +50.2% | +3.8% | -35.6% | — | -23.3% | +16.3% | -5.4% | — | +74.6% | -0.2% | -4.4% | |
| EV / EBIT | 10.48 | — | 91.28 | 3.91 | 8.10 | — | 181.22 | 3.84 | 16.95 | — | 236.15 | 3.24 | 17.92 |
| — | — | -49.6% | +1.8% | -52.2% | — | -23.3% | +18.7% | -5.4% | — | +944.0% | -4.3% | -15.0% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Ryanair Holdings plc's operating margin was -20.1% in Q4 2026, down 20.6 pp QoQ and up 1.2 pp YoY. This marks the 3rd consecutive quarter of margin compression, signaling a persistent pressure on profitability that investors should monitor. The trailing four-quarter average of 9.3% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin contracted 189.0% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 21.0% | -12.5% | 18.8% | 45.8% | 26.2% | -4.3% | 18.9% | 37.4% | 8.1% | -8.0% | 9.1% | 45.2% | 16.1% |
| — | -189.0% | -0.8% | +22.3% | +223.6% | +46.2% | +108.8% | -17.2% | -49.9% | -618.1% | -32.7% | +23.6% | +1.5% | |
| Operating Margin | 15.8% | -20.1% | 0.6% | 35.5% | 21.1% | -21.3% | 1.1% | 32.5% | 10.1% | -15.5% | 1.1% | 34.6% | 10.1% |
| — | +5.7% | -48.6% | +9.2% | +108.8% | -37.4% | 0.0% | -5.9% | 0.0% | -27.6% | -83.2% | +8.9% | +9.5% | |
| Net Margin | 14.0% | -15.7% | 0.9% | 31.4% | 18.9% | -14.3% | 5.0% | 28.3% | 9.9% | -12.7% | 5.0% | 30.8% | 9.9% |
| — | -10.2% | -81.2% | +11.0% | +90.4% | -12.4% | 0.0% | -8.2% | 0.0% | -54.8% | -42.6% | +14.8% | +37.7% |
| Metric | TTM | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 25.5% | -4.3% | 0.3% | 21.0% | 11.4% | -4.3% | 1.9% | 18.4% | 4.7% | -3.9% | 1.9% | 21.8% | 6.1% |
| — | +1.4% | -81.6% | +14.3% | +143.6% | -11.7% | -1.9% | -15.7% | -23.6% | -52.1% | -39.0% | +30.4% | +91.4% | |
| ROA | 11.7% | -2.2% | 0.2% | 10.0% | 4.6% | -1.9% | 0.9% | 8.3% | 2.0% | -1.8% | 0.9% | 9.2% | 2.2% |
| — | -15.9% | -79.3% | +19.8% | +125.2% | -5.6% | -2.8% | -9.2% | -5.9% | -94.5% | -25.3% | +43.0% | +86.3% | |
| ROIC | 25.3% | -4.6% | 0.2% | 21.5% | 11.4% | -5.2% | 0.3% | 17.4% | 4.2% | -3.7% | 0.3% | 17.5% | 4.2% |
| — | +12.4% | -43.0% | +23.4% | +173.5% | -40.1% | +0.0% | -0.3% | +0.8% | -69.3% | -73.8% | +80.7% | +103.9% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
The current ratio has improved 22.6% YoY to 0.90x, strengthening the short-term liquidity position.
| Metric | TTM | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.15 | 0.15 | 0.17 | 0.16 | 0.31 | 0.38 | 0.33 | 0.35 | 0.35 | 0.36 | 0.35 | 0.35 | 0.63 |
| — | -61.3% | -47.2% | -53.8% | -10.7% | +5.7% | -6.2% | 0.0% | -44.0% | -50.5% | -55.9% | -54.1% | -22.8% | |
| Debt / EBITDA | 0.39 | — | 4.45 | 0.64 | 1.85 | — | 8.32 | 1.40 | 4.05 | — | 8.54 | 1.38 | 5.68 |
| — | — | -46.5% | -54.2% | -54.4% | — | -2.6% | +1.3% | -28.7% | — | -38.1% | -59.7% | -47.5% | |
| Current Ratio | 0.90 | 0.90 | 0.67 | 0.71 | 0.66 | 0.74 | 0.86 | 0.81 | 0.93 | 0.91 | 1.00 | 0.81 | 0.83 |
| — | +22.6% | -22.5% | -11.9% | -29.1% | -19.0% | -14.4% | 0.0% | +11.6% | +14.3% | +8.7% | -25.0% | -22.5% | |
| Quick Ratio | 0.90 | 0.90 | 0.67 | 0.71 | 0.66 | 0.74 | 0.86 | 0.81 | 0.93 | 0.91 | 1.00 | 0.81 | 0.83 |
| — | +22.6% | -22.5% | -11.9% | -29.1% | -19.0% | -14.3% | 0.0% | +11.6% | +14.3% | +8.6% | -25.0% | -22.5% | |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Ryanair Holdings plc's current P/E is 12.7x. The average P/E over the last 3 quarters is 108.3x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Ryanair Holdings plc's current operating margin is 15.8%. Margins have been compressing 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 Ryanair Holdings plc's business trajectory between earnings reports.