Last 25 quarters of trend data · Technology · Software - Application
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 → | -42.64 | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 12.31 | 12.84 | 19.03 | 16.30 | 12.73 | 15.24 | 10.11 | 12.53 | 15.62 | 20.90 | 16.27 | 21.58 | 19.24 |
| — | -15.7% | +88.3% | +30.0% | -18.5% | -27.1% | -37.9% | -41.9% | -18.8% | -2.2% | -29.3% | -10.1% | -39.7% | |
| P/B Ratio | 28.15 | 32.67 | 43.29 | 31.37 | 21.97 | 20.01 | 12.98 | 10.53 | 11.33 | 12.48 | 9.67 | 10.98 | 9.06 |
| — | +63.3% | +233.4% | +198.0% | +93.8% | +60.3% | +34.2% | -4.1% | +25.1% | +35.5% | +2.2% | +24.8% | -8.2% | |
| P/FCF | 51.48 | 21.55 | 203.16 | 320.45 | 72.33 | 35.69 | 107.89 | 167.98 | 38.19 | 49.90 | 116.83 | 243.69 | 41.03 |
| — | -39.6% | +88.3% | +90.8% | +89.4% | -28.5% | -7.6% | -31.1% | -6.9% | -18.6% | -40.8% | +10.0% | -47.5% | |
| EV / EBITDA | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBIT | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Snowflake Inc.'s operating margin was -24.8% in Q4 2026, up 2.4 pp QoQ and up 14.4 pp YoY. This marks the 4th consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of -31.1% lags the current quarter, suggesting the recent improvement is above-trend.
| 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 | 67.2% | 66.8% | 67.8% | 67.5% | 66.5% | 66.2% | 65.9% | 66.8% | 67.1% | 68.8% | 68.8% | 67.6% | 66.4% |
| — | +0.8% | +2.8% | +1.0% | -0.9% | -3.7% | -4.2% | -1.1% | +1.0% | +5.7% | +4.6% | +3.7% | +2.2% | |
| Operating Margin | -30.6% | -24.8% | -27.2% | -29.7% | -42.9% | -39.2% | -38.8% | -40.9% | -42.1% | -35.6% | -35.5% | -42.3% | -43.8% |
| — | +36.8% | +30.0% | +27.3% | -2.0% | -10.2% | -9.3% | +3.4% | +4.0% | +12.6% | +4.0% | -1.4% | +2.0% | |
| Net Margin | -28.4% | -24.1% | -24.2% | -26.0% | -41.3% | -33.2% | -34.4% | -36.5% | -38.3% | -21.9% | -29.2% | -33.7% | -36.2% |
| — | +27.4% | +29.6% | +28.6% | -7.9% | -51.8% | -18.0% | -8.4% | -5.7% | +37.8% | +19.1% | +24.9% | +7.8% |
| 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 | -53.0% | -14.9% | -13.0% | -12.4% | -15.9% | -11.0% | -9.2% | -7.3% | -6.5% | -3.3% | -4.2% | -4.3% | -4.2% |
| — | -35.3% | -42.1% | -70.8% | -144.2% | -229.8% | -119.1% | -70.0% | -55.0% | +12.1% | -13.0% | -4.6% | -32.8% | |
| ROA | -14.7% | -3.6% | -3.6% | -3.6% | -5.0% | -3.8% | -4.3% | -4.5% | -4.1% | -2.2% | -2.9% | -3.0% | -3.0% |
| — | +6.2% | +16.4% | +18.1% | -22.5% | -73.8% | -47.6% | -46.7% | -37.3% | +21.5% | -2.6% | +4.1% | -22.7% | |
| ROIC | -43.1% | -9.9% | -8.1% | -8.4% | -11.3% | -9.0% | -8.4% | -8.0% | -7.2% | -5.2% | -4.3% | -4.4% | -4.2% |
| — | -10.3% | +2.7% | -5.8% | -56.7% | -73.4% | -94.5% | -81.4% | -70.8% | -39.1% | -34.0% | -32.1% | -31.2% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
The current ratio has weakened 25.7% YoY to 1.30x, tightening the short-term liquidity position. Debt/Equity has risen for 9 consecutive quarters, indicating increasing financial leverage that investors should watch closely.
| 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 | 1.36 | 1.36 | 1.26 | 1.13 | 1.11 | 0.89 | 0.88 | 0.08 | 0.06 | 0.06 | 0.06 | 0.06 | 0.05 |
| — | +52.0% | +42.3% | +1396.5% | +1725.8% | +1509.8% | +1426.1% | +34.9% | +26.7% | +20.6% | +23.6% | +25.8% | +27.1% | |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Current Ratio | 1.30 | 1.30 | 1.32 | 1.44 | 1.54 | 1.75 | 1.85 | 1.55 | 1.71 | 1.85 | 2.12 | 2.30 | 2.42 |
| — | -25.7% | -28.8% | -6.7% | -9.4% | -5.2% | -12.9% | -32.8% | -29.5% | -26.2% | -31.2% | -28.4% | -24.0% | |
| Quick Ratio | 1.30 | 1.30 | 1.32 | 1.44 | 1.54 | 1.75 | 1.85 | 1.55 | 1.71 | 1.85 | 2.12 | 2.30 | 2.42 |
| — | -25.7% | -28.8% | -6.7% | -9.4% | -5.2% | -12.9% | -32.8% | -29.5% | -26.2% | -31.2% | -28.4% | -24.0% | |
| Interest Coverage | -172.95 | — | -31.79 | -164.07 | -215.96 | -186.80 | -530.42 | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 25 years · Updated daily
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Start ComparisonSnowflake Inc.'s current P/E is -42.6x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Snowflake Inc.'s current operating margin is -30.6%. 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 Snowflake Inc.'s business trajectory between earnings reports.