Last 34 quarters of trend data · Financial Services · Financial - Credit Services
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
X Financial's quarterly P/E stands at 0.1x, up 60.1% year-over-year — indicating the stock has re-rated higher or earnings have softened.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 0.18 | 0.06 | 0.06 | 0.06 | 0.04 | 0.04 | 0.02 | 0.02 | 0.24 | 0.15 | 0.15 | 0.13 | 0.15 |
| — | +60.1% | +179.5% | +158.4% | -81.9% | -75.6% | -85.2% | -83.6% | +62.9% | +0.8% | -28.4% | -52.0% | -49.4% | |
| P/S Ratio | 1.46 | 0.01 | 0.02 | 0.12 | 0.08 | 0.07 | 0.06 | 0.06 | 0.11 | 0.05 | 0.06 | 0.06 | 0.09 |
| — | -83.5% | -68.2% | +99.4% | -28.9% | +42.4% | -8.1% | +3.1% | +33.6% | -40.3% | -48.8% | -38.3% | -20.0% | |
| P/B Ratio | 0.24 | 0.01 | 0.02 | 0.09 | 0.06 | 0.05 | 0.03 | 0.03 | 0.03 | 0.04 | 0.04 | 0.03 | 0.03 |
| — | -74.0% | -48.9% | +208.3% | +87.4% | +31.6% | -18.9% | +1.1% | -8.6% | +31.2% | +15.0% | -19.8% | -21.2% | |
| P/FCF | 5.67 | — | — | — | — | — | — | — | — | — | — | — | 0.00 |
| — | — | — | — | — | — | — | — | — | — | — | — | -82.0% | |
| EV / EBITDA | 3.17 | -0.16 | -1.04 | -0.99 | -1.12 | -1.07 | -1.40 | -1.55 | -2.53 | -1.50 | -1.24 | -1.66 | -1.39 |
| — | +85.3% | +25.8% | +36.0% | +55.8% | +28.4% | -12.7% | +6.3% | -82.0% | +12.6% | +50.9% | -8.1% | +8.5% | |
| EV / EBIT | 3.18 | -0.05 | -1.04 | -0.99 | -1.12 | -1.07 | -1.40 | -1.55 | -2.53 | -1.50 | -1.24 | -1.66 | -1.39 |
| — | +95.6% | +25.8% | +36.0% | +55.8% | +28.4% | -12.7% | +6.3% | -82.0% | +12.6% | +50.9% | -8.1% | +8.5% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
X Financial's operating margin was 18.5% in Q3 2025, down 19.4 pp QoQ and down 25.2 pp YoY. This marks the 8th consecutive quarter of margin compression, signaling a persistent pressure on profitability that investors should monitor. The trailing four-quarter average of 33.6% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin expanded 42.6% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 66.6% | 68.1% | 40.7% | 41.8% | 43.5% | 47.7% | 51.8% | 53.3% | 66.6% | 46.6% | 54.8% | 55.1% | 89.7% |
| — | +42.6% | -21.5% | -21.7% | -34.7% | +2.4% | -5.5% | -3.2% | -25.8% | -52.4% | -34.3% | -35.3% | +5.6% | |
| Operating Margin | 31.9% | 18.5% | 37.9% | 38.3% | 39.8% | 43.7% | 47.6% | 48.9% | 53.7% | 43.0% | 51.4% | 51.0% | 81.9% |
| — | -57.8% | -20.4% | -21.7% | -25.9% | +1.7% | -7.4% | -4.0% | -34.4% | -50.3% | -27.3% | -34.5% | +14.0% | |
| Net Margin | 26.2% | 21.5% | 30.0% | 31.6% | 31.3% | 34.7% | 44.0% | 46.3% | 48.1% | 35.7% | 42.4% | 43.8% | 58.8% |
| — | -38.1% | -31.8% | -31.7% | -34.9% | -2.9% | +3.8% | +5.5% | -18.2% | -40.9% | -28.8% | +27.9% | +80.2% |
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 24.1% | 5.4% | 7.0% | 6.4% | 5.6% | 5.5% | 6.5% | 6.0% | 3.3% | 6.3% | 7.0% | 5.8% | 5.9% |
| — | -3.0% | +8.0% | +5.8% | +70.4% | -11.4% | -8.2% | +3.7% | -44.8% | +31.4% | +60.7% | +68.1% | +78.2% | |
| ROA | 13.1% | 3.0% | 4.1% | 3.8% | 3.3% | 3.2% | 3.4% | 3.1% | 1.7% | 3.2% | 3.7% | 3.1% | 3.1% |
| — | -6.8% | +18.9% | +25.5% | +98.6% | -1.0% | -7.2% | -2.5% | -47.2% | +29.8% | +66.3% | +74.3% | +76.3% | |
| ROIC | 20.5% | 3.3% | 6.2% | 5.4% | 5.0% | 4.9% | 4.9% | 4.4% | 2.5% | 5.1% | 5.8% | 4.8% | 6.1% |
| — | -33.5% | +26.5% | +23.5% | +101.9% | -3.4% | -15.3% | -8.1% | -58.9% | +0.7% | +50.7% | -15.5% | +14.3% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
X Financial's Debt/EBITDA ratio is 1.6x, up from 0.6x last quarter — comfortably within a safe range. The current ratio has weakened 79.7% YoY to 4.51x, tightening the short-term liquidity position.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.05 | 0.07 | 0.05 | 0.08 | 0.05 | 0.06 | 0.07 | 0.07 | 0.10 | 0.10 | 0.12 | 0.09 | 0.02 |
| — | +13.6% | -27.1% | +16.2% | -50.3% | -35.5% | -42.1% | -23.9% | +476.3% | +389.7% | +2587.4% | +216.9% | -61.9% | |
| Debt / EBITDA | 0.18 | 1.56 | 0.60 | 1.09 | 0.70 | 0.92 | 1.06 | 1.13 | 2.74 | 1.34 | 1.49 | 1.40 | 0.21 |
| — | +70.1% | -43.0% | -4.0% | -74.6% | -31.4% | -29.2% | -19.2% | +1184.6% | +348.4% | +1543.8% | +272.2% | -66.0% | |
| Current Ratio | 6.73 | 4.51 | 13.47 | 9.09 | 6.73 | 22.23 | 8.84 | 9.90 | 5.10 | 2.00 | 1.95 | 2.04 | 9.78 |
| — | -79.7% | +52.5% | -8.2% | +31.9% | +1012.9% | +354.2% | +384.6% | -47.8% | +2.6% | +1.1% | +10.3% | +11.2% | |
| Quick Ratio | 6.73 | 4.51 | 13.47 | 9.09 | 6.73 | 22.23 | 8.84 | 9.90 | 5.10 | 2.00 | 1.95 | 2.04 | 9.78 |
| — | -79.7% | +52.5% | -8.2% | +31.9% | +1012.9% | +354.2% | +384.6% | -47.8% | +2.6% | +1.1% | +10.3% | +11.2% | |
| Interest Coverage | 1.18 | — | 0.88 | 0.78 | 0.97 | 0.93 | 1.39 | 1.55 | — | 0.99 | 1.34 | 1.22 | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 34 years · Updated daily
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Start ComparisonX Financial's current P/E is 0.2x. The average P/E over the last 4 quarters is 0.1x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
X Financial's current operating margin is 31.9%. 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 X Financial's business trajectory between earnings reports.