Last 21 quarters of trend data · Technology · Software - Application
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
EV/EBITDA has expanded 112.1% YoY to 269.4x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 213.74 | — | — | 416.52 | 132.59 | 530.74 | 298.88 | 228.62 | 72.97 | 73.78 | — | — | — |
| — | — | — | +82.2% | +81.7% | +619.3% | — | — | — | — | — | — | — | |
| P/S Ratio | 0.66 | 2.34 | 3.07 | 3.36 | 4.33 | 5.99 | 5.48 | 5.71 | 6.02 | 3.95 | 4.56 | 5.02 | 4.19 |
| — | -61.0% | -44.0% | -41.2% | -28.1% | +51.8% | +20.2% | +13.6% | +43.7% | -34.4% | -37.4% | -31.7% | -68.8% | |
| P/B Ratio | 6.61 | 3.51 | 4.64 | 5.07 | 6.67 | 9.02 | 8.00 | 8.48 | 8.95 | 6.07 | 6.95 | 7.36 | 5.76 |
| — | -61.0% | -42.0% | -40.2% | -25.5% | +48.5% | +15.1% | +15.2% | +55.2% | -19.0% | -17.0% | -1.7% | -54.9% | |
| P/FCF | 5.75 | 15.38 | 4178.98 | 16.48 | 46.63 | 94.73 | 65.19 | 34.92 | 56.49 | 62.60 | — | — | — |
| — | -83.8% | +6310.3% | -52.8% | -17.5% | +51.3% | — | — | — | — | — | — | — | |
| EV / EBITDA | 11.53 | 269.45 | — | 101.39 | 92.22 | 127.06 | 88.32 | 132.18 | 105.16 | 68.65 | — | — | — |
| — | +112.1% | — | -23.3% | -12.3% | +85.1% | — | — | — | — | — | — | — | |
| EV / EBIT | 25.50 | — | — | — | 249.75 | 337.59 | 142.61 | 328.74 | 182.91 | 110.42 | — | — | — |
| — | — | — | — | +36.5% | +205.7% | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Semrush Holdings, Inc.'s operating margin was -4.0% in Q3 2025, down 0.0 pp QoQ and down 5.8 pp YoY. The trailing four-quarter average of -1.6% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 82.6% | 80.2% | 80.6% | 81.1% | 81.7% | 82.5% | 83.6% | 82.9% | 83.6% | 83.4% | 82.6% | 82.2% | 82.6% |
| — | -2.8% | -3.5% | -2.2% | -2.3% | -1.2% | +1.1% | +0.9% | +1.2% | +2.8% | +3.4% | +3.1% | +5.2% | |
| Operating Margin | 2.2% | -4.0% | -4.0% | -0.1% | 1.7% | 1.8% | 3.7% | 1.7% | 3.2% | 3.5% | -3.1% | -15.2% | -22.2% |
| — | -328.9% | -206.9% | -104.1% | -47.3% | -49.9% | +219.7% | +111.3% | +114.5% | +122.4% | +76.4% | -235.1% | -226.6% | |
| Net Margin | 2.2% | -1.9% | -6.0% | 0.8% | 3.3% | 1.1% | 1.8% | 2.5% | 8.2% | 5.4% | -0.4% | -13.9% | -20.2% |
| — | -270.1% | -430.6% | -67.6% | -60.5% | -79.0% | +588.4% | +117.9% | +140.8% | +138.7% | +97.2% | -209.1% | -181.2% |
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 3.4% | -0.7% | -2.3% | 0.3% | 1.3% | 0.4% | 0.7% | 0.9% | 3.2% | 2.1% | -0.1% | -5.0% | -6.8% |
| — | -269.5% | -435.6% | -66.8% | -60.3% | -79.5% | +582.2% | +118.7% | +147.4% | +149.7% | +96.2% | -338.8% | -228.8% | |
| ROA | 2.3% | -0.5% | -1.6% | 0.2% | 0.9% | 0.3% | 0.5% | 0.6% | 2.2% | 1.4% | -0.1% | -3.3% | -4.7% |
| — | -269.2% | -436.2% | -66.9% | -60.2% | -79.6% | +590.3% | +119.1% | +146.3% | +146.4% | +96.5% | -292.1% | -215.2% | |
| ROIC | 3.0% | -1.4% | -1.4% | -0.0% | 0.6% | 0.6% | 1.3% | 0.6% | 1.1% | 1.1% | -1.1% | -5.7% | -23.5% |
| — | -330.4% | -206.8% | -104.2% | -49.4% | -46.8% | +222.4% | +110.0% | +104.8% | — | — | — | — |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Semrush Holdings, Inc.'s Debt/EBITDA ratio is 15.3x — elevated, raising questions about debt serviceability.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.05 | 0.05 | 0.04 | 0.05 | 0.05 | 0.05 | 0.05 | 0.06 | 0.07 | 0.06 | 0.06 | 0.06 | 0.06 |
| — | +0.1% | -14.2% | -13.9% | -29.2% | -17.6% | -14.6% | -4.9% | +3.1% | — | — | — | — | |
| Debt / EBITDA | 0.67 | 15.31 | — | 4.11 | 2.60 | 2.67 | 2.36 | 3.64 | 3.13 | 2.62 | — | — | — |
| — | +473.8% | — | +12.9% | -16.9% | +1.7% | — | — | — | — | — | — | — | |
| Current Ratio | 2.42 | 2.29 | 2.40 | 2.35 | 2.42 | 2.41 | 2.51 | 2.75 | 2.81 | 2.94 | 2.84 | 2.74 | 2.90 |
| — | -4.9% | -4.4% | -14.7% | -13.9% | -18.0% | -11.8% | +0.4% | -3.1% | -10.0% | -13.5% | -20.2% | -26.8% | |
| Quick Ratio | 2.42 | 2.29 | 2.40 | 2.35 | 2.42 | 2.41 | 2.51 | 2.75 | 2.81 | 2.94 | 2.84 | 2.74 | 2.90 |
| — | -4.9% | -4.4% | -14.7% | -13.9% | -18.0% | -11.8% | +0.4% | -3.1% | -10.0% | -13.5% | -20.2% | -26.8% | |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — | — | -5.95 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 21 years · Updated daily
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Start ComparisonSemrush Holdings, Inc.'s current P/E is 213.7x. The average P/E over the last 2 quarters is 274.6x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Semrush Holdings, Inc.'s current operating margin is 2.2%. 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 Semrush Holdings, Inc.'s business trajectory between earnings reports.