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OverviewPriceRevenueEarningsP/ERatiosDividendTargets

The Oncology Institute, Inc. (TOI) Quarterly Financial Ratios

Last 23 quarters of trend data · Healthcare · Medical - Care Facilities

← View 30-Year Annual Ratios

Valuation Multiples

Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.

MetricTTMQ3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23Q1 '23Q4 '22
P/E Ratio →-4.07————————————
—————————————
P/S Ratio0.566.233.990.210.060.060.090.310.440.310.130.160.49
—+9979.7%+4472.4%-32.1%-86.7%-80.3%-31.4%+89.6%-11.6%-77.9%-91.6%-93.4%-84.8%
P/B Ratio60.43——17.346.511.591.182.842.631.430.480.511.13
———+510.5%+147.8%+11.4%+144.6%+461.3%+132.0%-50.3%-83.8%-87.7%-82.7%
P/FCF————2.405.06———————
—————————————
EV / EBITDA—————————————
—————————————
EV / EBIT—————————————
—————————————

Profitability

Quarterly margins and returns. Watch for margin compression across consecutive quarters.

The Oncology Institute, Inc.'s operating margin was -5.9% in Q3 2025, up 3.5 pp QoQ and up 8.0 pp YoY. This marks the 7th consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of -9.2% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin contracted 3.7% YoY, suggesting cost inflation or competitive pricing pressure.

Margins

MetricTTMQ3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23Q1 '23Q4 '22
Gross Margin13.7%13.9%14.6%16.5%14.6%14.4%13.2%12.6%16.8%19.5%18.8%18.5%21.9%
—-3.7%+10.6%+30.7%-12.9%-26.2%-29.9%-31.7%-23.4%-2.6%+3.0%-17.2%+37.3%
Operating Margin-15.3%-5.9%-9.4%-9.5%-11.9%-13.9%-16.6%-19.0%-17.8%-17.0%-18.6%-43.1%-35.1%
—+57.5%+43.6%+50.0%+33.2%+18.3%+10.8%+56.0%+49.2%+45.1%+38.0%-28.8%+55.0%
Net Margin-16.4%-12.1%-14.2%-18.8%-13.1%-16.1%-15.7%-21.0%-21.9%-21.2%-21.1%-39.4%-15.4%
—+25.1%+9.6%+10.7%+39.9%+24.0%+25.4%+46.6%-41.9%-416.0%-135.3%-212.6%+20.6%

Return on Capital

MetricTTMQ3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23Q1 '23Q4 '22
ROE-213.4%——-452.4%-138.2%-72.1%-43.9%-40.5%-29.1%-22.3%-18.5%-26.9%-8.7%
———-1018.3%-375.0%-224.1%-137.9%-50.4%-234.0%-948.1%-333.1%-264.7%+34.9%
ROA-33.9%-10.2%-10.5%-11.6%-7.5%-9.0%-8.1%-9.6%-8.8%-7.8%-7.3%-12.0%-4.0%
—-13.6%-30.4%-21.0%+14.6%-15.6%-10.8%+20.1%-118.2%-588.1%-164.3%-227.9%+41.8%
ROIC-40.9%-23.4%-12.7%-10.3%-10.6%-9.8%-10.0%-10.0%-7.5%-6.3%-6.1%-12.0%-9.6%
—-137.7%-27.5%-2.2%-41.5%-57.1%-63.1%+16.0%+21.7%+47.8%+69.9%+80.1%+95.2%

Leverage & Debt

Quarterly solvency trend — watch for debt spikes or covenant pressure.

The current ratio has weakened 32.6% YoY to 1.68x, tightening the short-term liquidity position.

MetricTTMQ3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23Q1 '23Q4 '22
Debt / Equity34.31——20.1834.317.944.372.902.101.631.371.120.87
———+595.5%+1535.0%+386.2%+218.1%+159.5%+141.9%+97.0%+791.3%+689.9%+49282.6%
Debt / EBITDA—————————————
—————————————
Current Ratio2.151.681.621.792.152.493.313.084.124.713.113.954.37
—-32.6%-51.1%-41.8%-47.8%-47.2%+6.6%-22.0%-5.6%+7.8%+0.0%-10.9%-15.4%
Quick Ratio1.961.391.371.591.962.272.992.833.734.342.743.614.06
—-38.8%-54.0%-44.0%-47.5%-47.6%+8.9%-21.6%-8.1%+6.7%-4.4%-13.8%-18.0%
Interest Coverage-8.02-4.19-6.00-1.78-10.21-6.23-7.73-9.05-7.88-5.17-5.59-12.40-10.24
—————————————

Download Financial Ratios Data

Includes 30+ ratios · 23 years · Updated daily

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Frequently Asked Questions

What is The Oncology Institute, Inc.'s quarterly P/E ratio trend?

The Oncology Institute, Inc.'s current P/E is -4.1x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.

How do The Oncology Institute, Inc.'s margins change by quarter?

The Oncology Institute, Inc.'s current operating margin is -15.3%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.

Why look at TOI quarterly ratios instead of annual?

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 The Oncology Institute, Inc.'s business trajectory between earnings reports.

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