Last 10 quarters of trend data · Real Estate · Real Estate - Services
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '25 | Q4 '24 | Q2 '24 | Q2 '23 | Q2 '22 | Q2 '21 | Q2 '20 | Q4 '19 | Q2 '19 | Q4 '18 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -0.33 | — | 0.00 | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 0.26 | 0.00 | 1.44 | 1.35 | — | 3.19 | 11.56 | 24.45 | — | — | — |
| — | -100.0% | -87.5% | -94.5% | — | — | — | — | — | — | — | |
| P/B Ratio | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | — | — | — | 1.75 | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBIT | — | — | — | 0.87 | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
XChange TEC.INC's operating margin was -374.9% in Q2 2025, down 65.1 pp QoQ and down 323.0 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 -199.2% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin contracted 97.6% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q2 '25 | Q4 '24 | Q2 '24 | Q2 '23 | Q2 '22 | Q2 '21 | Q2 '20 | Q4 '19 | Q2 '19 | Q4 '18 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 4.7% | 2.4% | -29.9% | 100.0% | — | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| — | -97.6% | -129.9% | 0.0% | — | 0.0% | 0.0% | — | — | — | — | |
| Operating Margin | -204.2% | -374.9% | -309.8% | 87.2% | — | -51.9% | -32.8% | -72.2% | -34.4% | -38.5% | -46.4% |
| — | -622.3% | -845.9% | +220.7% | — | -34.9% | +29.4% | — | — | — | — | |
| Net Margin | -78.7% | -385.8% | -290.3% | 504.8% | — | -66.8% | -50.1% | -66.5% | -30.5% | -51.2% | -59.4% |
| — | -477.7% | -479.8% | +859.5% | — | -30.4% | +15.7% | — | — | — | — |
| Metric | TTM | Q2 '25 | Q4 '24 | Q2 '24 | Q2 '23 | Q2 '22 | Q2 '21 | Q2 '20 | Q4 '19 | Q2 '19 | Q4 '18 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | |
| ROA | -52.2% | -75.4% | -57.8% | 41.7% | -13.1% | -29.1% | -13.6% | -24.7% | -10.9% | — | -9.9% |
| — | -159.0% | -324.2% | +268.6% | -20.0% | — | -37.7% | — | — | — | — | |
| ROIC | -82.4% | — | -270.3% | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
The current ratio has weakened 6.0% YoY to 0.03x, tightening the short-term liquidity position.
| Metric | TTM | Q2 '25 | Q4 '24 | Q2 '24 | Q2 '23 | Q2 '22 | Q2 '21 | Q2 '20 | Q4 '19 | Q2 '19 | Q4 '18 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | |
| Debt / EBITDA | — | — | — | 0.89 | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | |
| Current Ratio | 0.05 | 0.03 | 0.05 | 0.27 | 0.09 | 0.04 | 0.26 | 0.75 | 2.23 | — | 1.39 |
| — | -6.0% | -80.5% | -64.0% | -95.8% | — | -81.3% | — | — | — | — | |
| Quick Ratio | 0.05 | 0.03 | 0.05 | 0.27 | 0.09 | 0.04 | 0.26 | 0.75 | 2.23 | — | 1.39 |
| — | -6.0% | -80.5% | -64.0% | -95.8% | — | -81.3% | — | — | — | — | |
| Interest Coverage | -22.56 | -36.58 | -25.12 | 6.18 | -8.94 | -3.49 | -3.13 | -7.36 | -4.71 | -5.06 | -6.48 |
| — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 10 years · Updated daily
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XChange TEC.INC's current P/E is -0.3x. The average P/E over the last 1 quarters is 0.0x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
XChange TEC.INC's current operating margin is -204.2%. 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 XChange TEC.INC's business trajectory between earnings reports.