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OverviewPriceRevenueEarningsP/ERatiosDividendTargets

WaFd, Inc. (WAFD) Quarterly Financial Ratios

Last 47 quarters of trend data · Financial Services · Banks - Regional

← View 30-Year Annual Ratios

Valuation Multiples

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

WaFd, Inc.'s quarterly P/E stands at 10.1x, down 32.1% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has expanded 56.2% YoY to 15.1x, reflecting rising market expectations or slowing EBITDA growth.

MetricTTMQ1 '26Q4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23
P/E Ratio →13.5010.1410.5210.0310.9914.9312.279.5342.699.698.907.457.93
—-32.1%-14.3%+5.3%-74.3%+54.0%+37.9%+27.9%+438.6%+34.1%+27.0%-9.7%-32.4%
P/S Ratio1.931.801.731.671.631.821.821.421.541.751.401.511.86
—-1.0%-5.0%+17.6%+6.2%+3.8%+29.7%-5.6%-17.3%-21.1%-39.4%-43.2%-42.2%
P/B Ratio0.940.810.780.780.760.870.940.790.700.860.680.720.83
—-6.2%-17.2%-1.3%+9.6%+0.5%+38.2%+8.9%-16.1%-8.5%-20.7%-18.3%-15.2%
P/FCF13.0410.2013.0411.028.7015.267.939.983.095.195.2531.0011.74
—-33.2%+64.6%+10.5%+181.6%+194.0%+51.1%-67.8%-73.7%-39.6%+0.6%+438.1%+16.9%
EV / EBITDA12.9415.0511.5913.2518.719.6345.7413.756.0524.4516.2911.5113.89
—+56.2%-74.7%-3.6%+209.2%-60.6%+180.8%+19.5%-56.5%+119.0%+109.9%+46.3%+149.2%
EV / EBIT13.3815.0511.4011.0113.5416.7311.6911.8271.8016.9118.3013.6513.77
—-10.0%-2.5%-6.9%-81.1%-1.1%-36.1%-13.4%+421.5%+49.1%+100.0%+44.4%+80.6%

Profitability

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

WaFd, Inc.'s operating margin was 24.0% in Q1 2026, up 1.5 pp QoQ and up 7.3 pp YoY. The trailing four-quarter average of 22.4% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 15.5% YoY, indicating pricing power or improving input costs.

Margins

MetricTTMQ1 '26Q4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23
Gross Margin50.9%54.8%53.8%52.6%49.9%47.5%48.4%47.1%46.7%55.6%51.1%60.7%68.4%
—+15.5%+11.3%+11.7%+6.7%-14.5%-5.4%-22.3%-31.7%-29.3%-41.8%-33.2%-24.7%
Operating Margin20.5%24.0%22.5%22.8%20.3%16.7%20.7%20.2%6.3%23.7%20.0%27.7%31.9%
—+43.9%+9.0%+12.7%+220.5%-29.5%+3.5%-27.0%-80.1%-42.6%-54.4%-36.6%-15.6%
Net Margin16.0%18.7%17.6%17.7%15.9%13.1%15.7%15.8%4.8%19.3%17.0%21.5%24.9%
—+43.1%+12.2%+12.2%+230.3%-32.2%-7.6%-26.7%-80.7%-40.0%-51.0%-37.0%-16.1%

Return on Capital

MetricTTMQ1 '26Q4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23
ROE7.5%2.1%2.0%2.0%1.9%1.6%2.1%2.2%0.6%2.4%2.1%2.6%2.8%
—+34.8%-2.4%-6.7%+214.3%-34.5%-1.5%-15.2%-78.9%-30.7%-36.2%-9.7%+23.4%
ROA0.8%0.2%0.2%0.2%0.2%0.2%0.2%0.2%0.1%0.3%0.2%0.3%0.3%
—+44.9%+5.0%+3.6%+237.7%-34.5%-3.2%-20.1%-79.9%-30.9%-37.8%-11.5%+23.1%
ROIC3.9%1.2%1.2%1.1%0.9%0.7%0.9%0.8%0.2%0.9%0.7%1.0%1.1%
—+61.3%+30.5%+37.4%+329.7%-14.9%+24.8%-17.0%-80.5%-44.4%-56.7%-37.5%-9.7%

Leverage & Debt

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

WaFd, Inc.'s Debt/EBITDA ratio is 30.2x, up from 23.8x last quarter — elevated, raising questions about debt serviceability. The current ratio has improved 119271.7% YoY to 242.47x, strengthening the short-term liquidity position.

MetricTTMQ1 '26Q4 '25Q3 '25Q2 '25Q1 '25Q4 '24Q3 '24Q2 '24Q1 '24Q4 '23Q3 '23Q2 '23
Debt / Equity0.600.820.600.660.930.961.111.381.881.581.501.571.60
—-14.8%-45.9%-52.3%-50.6%-39.0%-26.5%-12.0%+17.4%+19.5%+61.0%+104.6%+103.9%
Debt / EBITDA6.0730.2423.7929.9153.9927.86160.9357.3222.0778.1354.9539.7745.36
—+8.5%-85.2%-47.8%+144.7%-64.3%+192.9%+44.1%-51.4%+163.1%+183.5%+127.2%+127.1%
Current Ratio0.00242.470.1512.640.170.200.240.240.200.200.190.200.20
—+119271.7%-37.9%+5094.8%-15.3%+0.2%+28.9%+22.3%-0.9%+18.3%+9.6%+14.6%-15.5%
Quick Ratio0.00242.470.1512.640.170.200.240.240.200.200.190.200.20
—+119271.7%-37.9%+5094.8%-15.3%+0.2%+28.9%+22.3%-0.9%+18.3%+9.6%+14.6%-15.5%
Interest Coverage0.420.540.500.490.410.320.400.390.130.530.500.771.05
—————————————

Download Financial Ratios Data

Includes 30+ ratios · 47 years · Updated daily

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WAFD — Frequently Asked Questions

Quick answers to the most common questions about buying WAFD stock.

What is WaFd, Inc.'s quarterly P/E ratio trend?

WaFd, Inc.'s current P/E is 13.5x. The average P/E over the last 4 quarters is 10.4x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.

How do WaFd, Inc.'s margins change by quarter?

WaFd, Inc.'s current operating margin is 20.5%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.

Why look at WAFD 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 WaFd, Inc.'s business trajectory between earnings reports.

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