Last 47 quarters of trend data · Real Estate · REIT - Retail
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Tanger Inc.'s quarterly P/E stands at 28.8x, down 22.5% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 13.1% YoY to 15.7x, reflecting multiple compression or accelerating EBITDA.
| 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 → | 39.10 | 28.77 | 30.21 | 29.40 | 49.69 | 37.10 | 37.70 | 30.81 | 36.91 | 31.50 | 21.73 | 23.99 | 22.31 |
| — | -22.5% | -19.9% | -4.6% | +34.6% | +17.8% | +73.5% | +28.4% | +65.5% | -39.0% | -30.1% | +28.2% | -56.1% | |
| P/S Ratio | 7.70 | 5.96 | 6.67 | 6.20 | 7.11 | 6.85 | 6.87 | 5.79 | 6.58 | 5.86 | 5.12 | 5.28 | 4.67 |
| — | -13.0% | -2.9% | +7.1% | +8.0% | +16.9% | +34.3% | +9.7% | +41.0% | +45.9% | +59.0% | +50.0% | +12.6% | |
| P/B Ratio | 6.09 | 5.20 | 5.30 | 5.28 | 5.83 | 5.67 | 6.17 | 5.17 | 5.60 | 5.05 | 4.69 | 4.60 | 4.09 |
| — | -8.3% | -14.2% | +2.0% | +4.1% | +12.3% | +31.6% | +12.4% | +37.0% | +36.7% | +68.4% | +58.3% | +15.7% | |
| P/FCF | 22.11 | 17.66 | 18.15 | 13.64 | 24.01 | 10.62 | 14.25 | 16.32 | 166.14 | 10.12 | 19.46 | 9.47 | 27.29 |
| — | +66.4% | +27.4% | -16.4% | -85.5% | +4.9% | -26.8% | +72.3% | +508.8% | +65.6% | -8.0% | +72.9% | +2.3% | |
| EV / EBITDA | 18.84 | 15.66 | 67.73 | 15.65 | 18.40 | 18.02 | 11.72 | 15.58 | 17.53 | 17.55 | 59.80 | 57.75 | 9.89 |
| — | -13.1% | +477.7% | +0.4% | +5.0% | +2.7% | -80.4% | -73.0% | +77.2% | +82.4% | +32.6% | +43.1% | -81.3% | |
| EV / EBIT | 35.07 | 26.37 | 27.95 | 26.66 | 38.35 | 31.13 | 31.11 | 27.18 | 31.85 | 30.59 | 22.97 | 24.40 | 25.18 |
| — | -15.3% | -10.1% | -1.9% | +20.4% | +1.8% | +35.4% | +11.4% | +26.5% | +0.8% | +20.8% | +13.8% | +6.2% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Tanger Inc.'s operating margin was 29.7% in Q4 2025, up 41.1 pp QoQ and up 2.3 pp YoY. The trailing four-quarter average of 19.4% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin contracted 72.8% YoY, suggesting cost inflation or competitive pricing pressure.
| 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 | 17.7% | 18.4% | 69.8% | 71.3% | 69.1% | 67.7% | 69.7% | 70.9% | 71.3% | 67.1% | 68.7% | 69.5% | 70.1% |
| — | -72.8% | +0.1% | +0.6% | -3.0% | +0.9% | +1.5% | +1.9% | +1.6% | -20.4% | +1.5% | +0.6% | +5.8% | |
| Operating Margin | 30.2% | 29.7% | -11.4% | 31.8% | 27.6% | 27.3% | 56.0% | 29.8% | 28.0% | 25.0% | -8.3% | -8.7% | 53.7% |
| — | +8.5% | -120.3% | +6.7% | -1.3% | +9.4% | +771.8% | +441.9% | -47.8% | -51.1% | +9.4% | -2.5% | +610.1% | |
| Net Margin | 19.7% | 20.9% | 22.1% | 21.4% | 14.2% | 18.8% | 18.7% | 19.3% | 18.2% | 18.7% | 23.5% | 21.9% | 21.2% |
| — | +10.9% | +18.0% | +11.0% | -21.9% | +0.9% | -20.6% | -11.9% | -14.4% | +42.9% | +12.7% | +16.3% | +12.7% |
| 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 | 16.2% | 4.6% | 4.6% | 4.6% | 2.9% | 4.2% | 4.2% | 4.3% | 3.8% | 4.3% | 5.4% | 4.8% | 4.6% |
| — | +9.6% | +8.2% | +6.1% | -25.1% | -3.4% | -21.6% | -10.1% | -17.1% | +43.7% | +19.6% | +22.7% | +13.6% | |
| ROA | 4.6% | 1.3% | 1.3% | 1.2% | 0.8% | 1.1% | 1.1% | 1.1% | 1.0% | 1.1% | 1.3% | 1.1% | 1.1% |
| — | +11.2% | +15.7% | +12.9% | -18.5% | +8.3% | -13.3% | -2.1% | -9.4% | +48.8% | +16.3% | +19.0% | +11.8% | |
| ROIC | 5.8% | 1.5% | -0.5% | 1.5% | 1.3% | 1.4% | 2.7% | 1.4% | 1.2% | 1.2% | -0.4% | -0.4% | 2.4% |
| — | +8.3% | -119.9% | +8.3% | +3.2% | +12.5% | +760.3% | +440.7% | -49.9% | -51.2% | +5.3% | -7.7% | +622.0% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Tanger Inc.'s Debt/EBITDA ratio is 19.3x, down from 82.9x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 30.7% YoY to 0.30x, tightening the short-term liquidity position. Debt/Equity has declined for 4 consecutive quarters, reflecting a deleveraging trend.
| 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 | 2.30 | 2.30 | 2.33 | 2.43 | 2.50 | 2.22 | 2.55 | 2.68 | 2.69 | 2.58 | 2.95 | 2.98 | 2.99 |
| — | +3.5% | -8.7% | -9.0% | -7.1% | -14.0% | -13.8% | -10.3% | -10.2% | -13.3% | +2.7% | +3.0% | +2.9% | |
| Debt / EBITDA | 5.17 | 19.26 | 82.88 | 19.79 | 22.10 | 20.45 | 13.73 | 21.29 | 22.76 | 23.80 | 97.11 | 96.17 | 17.72 |
| — | -5.8% | +503.5% | -7.0% | -2.9% | -14.1% | -85.9% | -77.9% | +28.5% | +30.1% | -0.6% | +11.6% | -82.4% | |
| Current Ratio | 0.30 | 0.30 | 0.32 | 0.05 | 0.13 | 0.44 | 0.13 | 0.09 | 0.13 | 0.17 | 2.04 | 2.49 | 2.97 |
| — | -30.7% | +148.7% | -41.4% | -2.3% | +161.0% | -93.7% | -96.3% | -95.7% | — | -13.8% | -2.1% | +12.7% | |
| Quick Ratio | 0.30 | 0.30 | 0.32 | 0.05 | 0.05 | 0.44 | 0.13 | 0.09 | 0.13 | 0.17 | 2.04 | 2.49 | 2.97 |
| — | -30.7% | +148.7% | -41.4% | -63.0% | +161.0% | -93.7% | -96.3% | -95.7% | — | -13.8% | -2.1% | +12.7% | |
| Interest Coverage | 2.81 | 3.02 | 3.06 | 2.91 | 2.27 | 2.83 | 2.67 | 2.65 | 2.62 | 3.08 | 3.47 | 3.11 | 2.72 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
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Quick answers to the most common questions about buying SKT stock.
Tanger Inc.'s current P/E is 39.1x. The average P/E over the last 4 quarters is 34.5x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Tanger Inc.'s current operating margin is 30.2%. 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 Tanger Inc.'s business trajectory between earnings reports.