Last 47 quarters of trend data · Financial Services · BDCs & Private Credit
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 10.32 | 3.49 | — | 4.83 | — | 22.52 | 13.40 | 14.24 | — | 9.02 | 11.92 | 20.50 | 6.79 | 18.87 | 9.78 | — | 16.32 | 10.27 | 15.08 | 25.83 | 9.51 |
| — | -84.5% | — | -66.1% | — | +149.6% | +12.4% | -30.6% | — | -52.2% | +21.9% | — | -58.4% | +83.8% | -35.1% | — | +71.6% | +40.5% | +59.1% | +203.7% | +312.0% | |
| P/S Ratio | 6.80 | 3.78 | 6.66 | 4.10 | 42.24 | 12.99 | 10.21 | 10.21 | — | 7.51 | 9.63 | 15.17 | 11.04 | 14.35 | 8.04 | 177.59 | 12.66 | 8.69 | 12.40 | 18.14 | 8.27 |
| — | -70.9% | -34.8% | -59.8% | — | +73.0% | +6.0% | -32.7% | — | -47.7% | +19.9% | -91.5% | -12.8% | +65.0% | -35.2% | +878.7% | +53.1% | +35.3% | +48.8% | +141.1% | +270.7% | |
| P/B Ratio | 0.75 | 0.57 | 0.66 | 0.62 | 0.61 | 0.74 | 0.80 | 0.79 | 0.91 | 0.91 | 0.92 | 0.90 | 0.92 | 0.92 | 0.88 | 0.91 | 0.75 | 0.88 | 1.01 | 0.92 | 0.98 |
| — | -22.5% | -17.8% | -21.2% | -33.1% | -19.1% | -13.2% | -12.9% | -1.6% | -0.5% | +4.2% | -1.1% | +22.4% | +4.3% | -12.3% | -1.2% | -23.3% | -8.6% | +1.3% | +3.4% | +53.3% | |
| P/FCF | 2.71 | 5.53 | — | 41.99 | 0.65 | 2.34 | — | 0.79 | 3.15 | 27.04 | 14.59 | 0.91 | 3.05 | — | 6.70 | 5.86 | 17.82 | 5.17 | — | — | — |
| — | +137.0% | — | +5192.8% | -79.3% | -91.4% | — | -12.6% | +3.3% | — | +117.8% | -84.5% | -82.9% | — | — | — | — | +45.2% | — | — | — | |
| EV / EBITDA | 20.63 | 11.21 | 27.61 | 13.47 | — | 50.65 | 30.61 | 33.92 | — | 19.47 | 26.67 | 43.61 | 29.63 | 43.12 | 22.66 | — | 42.06 | 23.90 | 34.36 | 59.65 | 20.16 |
| — | -77.9% | -9.8% | -60.3% | — | +160.2% | +14.8% | -22.2% | — | -54.9% | +17.7% | — | -29.6% | +80.4% | -34.1% | — | +108.7% | +59.0% | +79.8% | +206.0% | +262.5% | |
| EV / EBIT | 12.42 | 7.23 | 27.61 | 13.95 | — | 56.99 | 32.84 | 33.92 | — | 19.47 | 26.67 | 43.61 | 29.63 | 43.12 | 22.66 | — | 42.06 | 23.90 | 34.36 | 59.65 | 20.16 |
| — | -87.3% | -15.9% | -58.9% | — | +192.7% | +23.2% | -22.2% | — | -54.9% | +17.7% | — | -29.6% | +80.4% | -34.1% | — | +108.7% | +59.0% | +79.8% | +206.0% | +262.5% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 134.4% | 113.3% | 117.6% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| — | +13.3% | +17.6% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |
| Operating Margin | 259.1% | 99.7% | 70.5% | 87.2% | -38.9% | 62.4% | 79.5% | 75.6% | 121.7% | 85.4% | 83.7% | 78.9% | 85.9% | 79.5% | 85.7% | -184.5% | 79.3% | 85.7% | 84.1% | 74.2% | 88.9% |
| — | +59.7% | -11.3% | +15.2% | -131.9% | -26.8% | -5.0% | -4.1% | +41.7% | +7.4% | -2.3% | +142.7% | +8.4% | -7.2% | +1.8% | -348.9% | -10.8% | -6.1% | -5.9% | -18.2% | -8.0% | |
| Net Margin | 97.2% | 108.9% | -11.2% | 85.3% | -58.4% | 57.7% | 77.6% | 70.8% | 127.2% | 82.5% | 79.8% | 72.7% | 83.3% | 74.7% | 82.9% | -285.2% | 75.5% | 83.7% | 81.0% | 70.6% | 86.2% |
| — | +88.8% | -114.4% | +20.5% | -145.9% | -30.1% | -2.7% | -2.6% | +52.6% | +10.5% | -3.7% | +125.5% | +10.4% | -10.8% | +2.4% | -504.1% | -12.5% | -4.8% | -7.3% | -20.0% | -10.1% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 5.3% | 4.1% | -0.3% | 3.2% | -0.2% | 0.8% | 1.5% | 1.3% | -2.3% | 2.5% | 1.9% | 1.1% | 1.7% | 1.2% | 2.3% | -0.4% | 1.1% | 2.1% | 1.6% | 0.9% | 2.6% |
| — | +411.4% | -117.9% | +138.5% | +90.8% | -67.7% | -20.6% | +24.8% | -230.1% | +111.3% | -16.5% | +397.3% | +55.3% | -44.0% | +38.5% | -138.6% | -56.7% | -36.3% | -37.2% | -64.3% | -63.4% | |
| ROA | 2.2% | 1.7% | -0.1% | 1.4% | -0.1% | 0.3% | 0.6% | 0.6% | -1.0% | 1.1% | 0.8% | 0.5% | 0.7% | 0.5% | 1.0% | -0.2% | 0.5% | 0.9% | 0.7% | 0.4% | 1.2% |
| — | +416.0% | -117.9% | +135.4% | +91.3% | -69.4% | -22.8% | +23.7% | -234.2% | +118.2% | -14.4% | +403.3% | +53.1% | -44.3% | +40.9% | -138.4% | -58.4% | -41.5% | -42.5% | -67.4% | -67.9% | |
| ROIC | 4.7% | 1.2% | 0.6% | 1.1% | -0.0% | 0.3% | 0.5% | 0.5% | -0.7% | 0.9% | 0.7% | 0.4% | 0.6% | 0.4% | 0.8% | -0.1% | 0.4% | 0.7% | 0.5% | 0.3% | 0.9% |
| — | +334.9% | +10.0% | +125.8% | +93.9% | -67.7% | -23.4% | +24.0% | -226.5% | +114.5% | -12.5% | +612.3% | +50.2% | -42.1% | +40.7% | -123.6% | -57.6% | -42.3% | -41.8% | -66.6% | -67.1% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.25 | 1.29 | 1.29 | 1.25 | 1.22 | 1.32 | 1.28 | 1.23 | 1.19 | 1.15 | 1.24 | 1.22 | 1.24 | 1.31 | 1.28 | 1.33 | 1.26 | 1.22 | 1.34 | 1.36 | 1.17 |
| — | -2.8% | +0.9% | +1.0% | +2.6% | +15.2% | +3.2% | +1.1% | -3.8% | -12.1% | -3.1% | -7.9% | -1.8% | +7.2% | -4.5% | -2.8% | +7.2% | +8.4% | +26.2% | +10.7% | +26.4% | |
| Debt / EBITDA | 8.20 | 33.01 | 75.14 | 36.50 | — | 132.50 | 77.03 | 84.70 | — | 44.28 | 62.34 | 104.08 | 68.95 | 102.81 | 54.62 | — | 106.82 | 56.25 | 78.88 | 144.40 | 44.53 |
| — | -75.1% | -2.5% | -56.9% | — | +199.3% | +23.6% | -18.6% | — | -56.9% | +14.1% | — | -35.4% | +82.8% | -30.8% | — | +139.9% | +70.9% | +96.9% | +215.7% | +232.1% | |
| Current Ratio | 1.14 | 0.30 | 0.41 | 0.26 | 0.30 | 0.17 | 0.37 | 0.45 | 0.80 | 1.38 | 1.21 | 1.27 | 1.54 | 0.85 | 0.56 | 0.69 | 1.51 | 1.17 | 1.72 | 1.55 | 1.66 |
| — | +78.4% | +11.7% | -41.8% | -62.7% | -87.7% | -69.8% | -64.7% | -48.2% | +62.9% | +116.3% | +84.9% | +2.1% | -27.2% | -67.3% | -55.5% | -8.8% | -28.7% | +30.9% | -9.0% | +4.8% | |
| Quick Ratio | 1.14 | 0.30 | 0.41 | 0.26 | 0.30 | 0.17 | 0.37 | 0.45 | 0.80 | 1.38 | 1.21 | 1.27 | 1.54 | 0.85 | 0.56 | 0.69 | 1.51 | 1.17 | 1.72 | 1.55 | 1.66 |
| — | +78.4% | +11.7% | -41.8% | -62.7% | -87.7% | -69.8% | -64.7% | -48.2% | +62.9% | +116.3% | +84.9% | +2.1% | -27.2% | -67.3% | -55.5% | -8.8% | -28.7% | +30.9% | -9.0% | +4.8% | |
| Interest Coverage | 1.62 | 3.17 | 0.86 | 1.70 | -0.06 | 0.40 | 0.71 | 0.64 | -0.95 | 1.13 | 0.85 | 0.50 | 0.76 | 0.56 | 1.03 | -0.12 | 0.72 | 1.52 | 1.24 | 0.64 | 2.22 |
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Includes 30+ ratios · 47 years · Updated daily
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Quick answers to the most common questions about buying WHF stock.
WhiteHorse Finance, Inc.'s current P/E is 10.3x. The average P/E over the last 2 quarters is 4.2x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
WhiteHorse Finance, Inc.'s current operating margin is 259.1%. 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 WhiteHorse Finance, Inc.'s business trajectory between earnings reports.