Last 22 quarters of trend data · Communication Services · Telecommunications Services
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
EV/EBITDA has expanded 552.2% YoY to 15.7x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q4 '25 | Q2 '25 | Q4 '24 | Q2 '24 | Q4 '23 | Q2 '23 | Q4 '22 | Q2 '22 | Q4 '21 | Q2 '21 | Q4 '20 | Q2 '20 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -8.14 | — | 6.42 | 4.05 | — | 0.69 | 8.33 | 9.66 | 11.36 | — | 7.80 | 8.40 | — |
| — | — | -22.9% | -58.1% | — | — | +6.8% | +15.1% | — | — | — | +32.8% | — | |
| P/S Ratio | 0.81 | 0.31 | 0.37 | 0.41 | 0.29 | 0.33 | 0.35 | 0.52 | 0.51 | 0.61 | 0.46 | 0.44 | 0.67 |
| — | -5.9% | +5.8% | -21.1% | -42.2% | -45.8% | -25.0% | +17.8% | -24.3% | +6.0% | -32.0% | -46.1% | -23.1% | |
| P/B Ratio | 0.59 | 0.41 | 0.40 | 0.40 | 0.39 | 0.43 | 0.55 | 0.75 | 0.68 | 0.95 | 0.57 | 0.65 | 0.99 |
| — | -4.7% | -28.0% | -47.4% | -41.8% | -54.5% | -2.9% | +16.5% | -31.6% | +19.3% | -41.4% | -42.1% | -14.1% | |
| P/FCF | 3.50 | 0.79 | 1.94 | 0.66 | 3.69 | 0.84 | 2.82 | 1.58 | 3.40 | 1.97 | 9.97 | 1.15 | — |
| — | -6.2% | -31.2% | -58.2% | +8.4% | -57.3% | -71.7% | +37.7% | — | -45.8% | -80.3% | -80.8% | — | |
| EV / EBITDA | 7.30 | 15.74 | 3.36 | 2.45 | 3.46 | 2.41 | 3.23 | 5.00 | 3.94 | 6.27 | 3.35 | 3.74 | 4.24 |
| — | +552.2% | +4.0% | -50.9% | -12.2% | -61.5% | -3.6% | +33.6% | -7.0% | +29.7% | -5.4% | -26.9% | +4.0% | |
| EV / EBIT | — | 9.62 | 8.39 | 7.02 | 13.24 | — | 9.68 | 10.28 | 11.88 | 21.37 | 13.74 | 19.53 | 12.98 |
| — | — | -13.4% | -31.8% | +11.4% | — | -29.5% | -47.4% | -8.5% | +72.0% | +22.7% | +75.8% | -9.8% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Vodafone Group Public Limited Company's operating margin was -14.6% in Q4 2025, down 27.6 pp QoQ and down 22.8 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 4.9% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind.
| Metric | TTM | Q4 '25 | Q2 '25 | Q4 '24 | Q2 '24 | Q4 '23 | Q2 '23 | Q4 '22 | Q2 '22 | Q4 '21 | Q2 '21 | Q4 '20 | Q2 '20 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 33.4% | 33.2% | 33.7% | 37.9% | 30.4% | 33.0% | 32.1% | 33.0% | 32.9% | 31.5% | 31.1% | 32.0% | 31.6% |
| — | +0.8% | +5.0% | +14.9% | -7.6% | +4.6% | +2.9% | +3.2% | +4.1% | +0.6% | +1.9% | +8.3% | +6.1% | |
| Operating Margin | -1.1% | -14.6% | 13.0% | 13.6% | 7.5% | 8.2% | 12.9% | 13.8% | 11.7% | 7.8% | 15.7% | 15.3% | 10.9% |
| — | -277.4% | +0.7% | -1.7% | -35.2% | +5.4% | -17.3% | -9.6% | +6.4% | -5.9% | +51.9% | +36.8% | +22.3% | |
| Net Margin | -11.1% | -27.3% | 5.8% | 10.1% | -1.6% | 47.6% | 4.1% | 5.4% | 4.4% | -5.2% | 5.9% | 5.2% | -9.7% |
| — | -157.3% | +41.3% | +87.1% | -135.6% | +1021.7% | -30.4% | +2.5% | +145.7% | -1211.3% | +129.4% | -58.0% | -251.6% |
| Metric | TTM | Q4 '25 | Q2 '25 | Q4 '24 | Q2 '24 | Q4 '23 | Q2 '23 | Q4 '22 | Q2 '22 | Q4 '21 | Q2 '21 | Q4 '20 | Q2 '20 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -7.0% | -8.3% | 1.7% | 2.4% | -0.5% | 17.0% | 1.6% | 1.9% | 1.6% | -1.8% | 1.9% | 2.0% | -3.5% |
| — | -149.0% | +6.1% | +24.1% | -132.1% | +1037.1% | -18.6% | -4.2% | +145.9% | -1215.2% | +128.3% | -53.3% | -268.5% | |
| ROA | -2.9% | -3.6% | 0.7% | 1.0% | -0.2% | 6.6% | 0.6% | 0.7% | 0.6% | -0.7% | 0.7% | 0.7% | -1.4% |
| — | -153.4% | +23.4% | +39.2% | -135.6% | +1074.1% | -20.3% | -3.7% | +142.5% | -997.4% | +122.9% | -63.2% | -243.7% | |
| ROIC | -0.3% | -1.9% | 1.5% | 1.3% | 1.0% | 1.1% | 1.7% | 1.7% | 1.5% | 1.0% | 1.9% | 2.1% | 1.6% |
| — | -269.2% | -11.5% | -28.0% | -35.6% | +10.2% | -9.0% | -17.5% | -4.6% | -24.5% | +17.9% | +16.7% | +12.6% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Vodafone Group Public Limited Company's Debt/EBITDA ratio is 52.0x, up from 10.3x last quarter — elevated, raising questions about debt serviceability. The current ratio has improved 42.5% YoY to 1.20x, strengthening the short-term liquidity position.
| Metric | TTM | Q4 '25 | Q2 '25 | Q4 '24 | Q2 '24 | Q4 '23 | Q2 '23 | Q4 '22 | Q2 '22 | Q4 '21 | Q2 '21 | Q4 '20 | Q2 '20 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.99 | 0.99 | 0.92 | 0.96 | 1.06 | 1.03 | 1.31 | 1.23 | 1.20 | 1.17 | 1.16 | 1.19 | 1.22 |
| — | -4.3% | -29.7% | -21.9% | -11.8% | -12.2% | +13.3% | +2.9% | -1.5% | +40.4% | +47.2% | +89.2% | +91.7% | |
| Debt / EBITDA | 5.52 | 52.00 | 10.28 | 7.50 | 10.97 | 7.76 | 9.72 | 13.27 | 10.64 | 14.55 | 9.59 | 10.97 | 9.79 |
| — | +569.8% | +5.7% | -43.5% | +3.0% | -46.6% | +1.4% | +21.0% | +8.8% | +27.6% | +41.8% | +44.6% | +61.6% | |
| Current Ratio | 1.20 | 1.20 | 1.08 | 1.35 | 0.89 | 0.84 | 0.88 | 0.78 | 0.87 | 0.98 | 1.07 | 1.02 | 0.97 |
| — | +42.5% | +22.5% | +73.7% | +2.6% | -14.3% | -17.9% | -23.9% | -10.6% | -36.5% | -18.3% | +5.1% | +23.7% | |
| Quick Ratio | 1.18 | 1.18 | 1.05 | 1.33 | 0.86 | 0.82 | 0.85 | 0.75 | 0.84 | 0.96 | 1.05 | 1.00 | 0.95 |
| — | +44.0% | +22.9% | +76.9% | +1.4% | -15.1% | -18.8% | -25.0% | -10.8% | -36.9% | -18.1% | +4.9% | +23.5% | |
| Interest Coverage | -0.18 | -3.54 | 8.60 | 2.06 | 1.91 | 2.14 | 3.05 | 3.56 | 2.47 | 1.55 | 3.57 | 3.17 | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 22 years · Updated daily
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Start ComparisonVodafone Group Public Limited Company's current P/E is -8.1x. The average P/E over the last 2 quarters is 5.2x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Vodafone Group Public Limited Company's current operating margin is -1.1%. 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 Vodafone Group Public Limited Company's business trajectory between earnings reports.