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C3.ai AI Ratios & Valuation

Q3 '26Q2 '26Q1 '26Q4 '25Q3 '25
Profitability
Gross margin43.5%-16.5pp51.8%-7.9pp56.5%-2.0pp60.6%+3.1pp59.9%+1.1pp
Operating margin-151.7%-65.1pp-117.2%-26.9pp-101.2%-3.9pp-83.4%+19.1pp-86.6%+17.8pp
Net margin-141.4%-64.5pp-108.1%-28.9pp-92.1%-6.6pp-74.2%+15.8pp-76.8%+14.8pp
Returns
Return on equity-55%-22.9pp-46.8%-15.8pp-40.9%-10.2pp-33.7%-2.7pp-32.1%-2.6pp
Return on invested capital-69.1%-28.0pp-59.5%-17.3pp-52.2%-8.5pp-44%+0.7pp-41%+0.9pp
Efficiency
Asset turnover0.3×0.0×0.4×0.0×0.4×+0.1×0.4×+0.1×0.3×+0.1×
Liquidity
Current ratio6.6×-0.2×6.5×-1.1×7.6×-0.2×6.9×-2.0×6.7×-1.7×
Leverage
Debt-to-equity0.0×0.0×0.0×0.1×0.0×-0.1×
Per Share
Book value per share$5.07-23.2%$5.57-17.1%$5.90-15.7%$6.49-11.2%$6.60-11.5%
Valuation
Market capitalization$1.55B-61.1%$2.42B-22.5%$3.17B-5.2%$2.92B+6.3%$3.98B+34.1%
Price / sales-5.8×6.9×-2.2×8.5×-1.8×7.5×-1.3×10.9×+0.8×
Price / book2.2×-2.5×3.1×-0.5×+0.1×3.5×+0.3×4.6×+1.3×

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Questions, answered.

What are C3.ai's profit margins?
C3.ai (AI) runs a 43.5% gross margin and a -151.7% operating margin, with a -141.4% net margin.
Where do C3.ai's ratios come from?
Every ratio is computed from C3.ai's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.