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i3 Verticals, Inc. IIIV Ratios & Valuation

TTM Q2 '26TTM Q1 '26TTM Q4 '25TTM Q3 '25TTM Q2 '25
Profitability
Operating margin0.9%-0.6pp1.6%-0.2pp1.8%-1.0pp2.7%-1.8pp4.5%+1.6pp
Net margin8.3%+0.6pp7.6%-0.8pp8.4%-54.9pp63.3%+8.2pp55.1%0.0pp
EBITDA margin14.1%-0.5pp14.6%-0.2pp14.9%-1.0pp15.9%-1.8pp17.7%+0.3pp
Free cash flow margin20.2%+17.1pp3.1%+1.3pp1.8%-0.5pp2.3%-0.3pp2.6%-18.0pp
Returns
Return on equity5.1%+0.7pp4.4%-0.2pp4.6%-37.3pp41.9%+6.5pp35.4%-1.6pp
Return on assets2.8%+0.3pp2.5%-0.1pp2.6%-15.3pp17.9%+0.2pp17.6%+0.9pp
Return on invested capital0.3%-0.2pp0.5%-0.1pp0.6%-0.6pp1.2%-0.6pp1.8%+0.5pp
Efficiency
Asset turnover0.3×0.0×0.3×0.0×0.3×0.0×0.3×0.0×0.3×0.0×
Liquidity
Current ratio1.3×-0.3×1.6×-0.3×1.9×-0.1×+0.8×1.2×+0.2×
Quick ratio1.3×-0.3×1.6×-0.3×1.9×-0.1×+0.8×1.1×+0.2×
Cash ratio0.2×-0.5×0.6×-0.3×0.0×+0.8×0.2×-0.4×
Leverage
Debt-to-equity0.3×+0.3×0.0×0.0×0.0×0.1×0.0×
Debt-to-assets0.1×+0.1×0.0×0.0×0.0×0.0×
Net debt / EBITDA2.5×+3.6×-1.1×+0.9×-2×-0.5×-1.5×-1.8×0.3×+1.8×
Per Share
Book value per share$10.38
Valuation
Market capitalization$392.76M-34.6%$603.86M-22.1%$775.05M+23.9%$625.71M+8.3%$577.98M+6.7%
Enterprise value$468.25M-23.3%$569.28M-20.1%$712.51M+23.9%$575.29M-2.1%$587.77M+20.6%
Price / earnings21.9×+16.6×37×-6.3×43.4×+38.6×4.7×
Price / sales1.8×-1.1×2.8×-0.8×3.6×+0.7×+0.2×2.8×+0.2×
Price / book1.2×-0.3×1.7×-0.3×+0.4×1.6×+0.1×1.5×+0.1×
EV / EBITDA15.3×-1.7×18.2×-4.3×22.5×+5.2×17.3×+0.9×16.3×+2.8×
EV / sales2.2×-0.8×2.7×-0.7×3.3×+0.6×2.7×-0.1×2.9×+0.5×
Free cash flow yield11.1%+10.3pp1.1%+0.6pp0.5%-0.3pp0.8%-0.1pp0.9%-7.0pp
Earnings yield4.6%-14.1pp2.7%+0.4pp2.3%-18.9pp21.2%+1.8pp19.4%-1.7pp

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Questions, answered.

What are i3 Verticals, Inc.'s profit margins?
i3 Verticals, Inc. (IIIV) runs a 100.6% gross margin and a 0.9% operating margin, with a 8.3% net margin.
Where do i3 Verticals, Inc.'s ratios come from?
Every ratio is computed from i3 Verticals, Inc.'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.