Where do Ladder Capital's ratios come from?

Every ratio is computed from Ladder Capital'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.

Ladder Capital LADR Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Net margin	52.2%-54.0pp	64.1%-44.7pp	81.1%-15.5pp	91%-9.9pp	106.2%+9.2pp
EBITDA margin	262.7%-90.9pp	276%-93.6pp	303.2%-62.8pp	330.3%-47.4pp	353.5%-28.5pp
Free cash flow margin	95%—	79.2%—	——	——	——
Returns
Return on equity	3.7%-3.0pp	4.2%-2.8pp	5.2%-1.0pp	5.8%-0.7pp	6.7%+0.5pp
Return on assets	1%-0.9pp	1.3%-0.8pp	1.7%-0.2pp	1.9%0.0pp	2%+0.2pp
Return on invested capital	17.8%-27.0pp	27%-57.4pp	——	31.1%-29.1pp	44.8%-10.4pp
Efficiency
Asset turnover	0×0.0×	0×0.0×	0×0.0×	0×0.0×	0×0.0×
Leverage
Debt-to-equity	0×0.0×	0×0.0×	0×0.0×	0×0.0×	0×0.0×
Debt-to-assets	0×0.0×	0×0.0×	0×0.0×	0×0.0×	0×0.0×
Net debt / EBITDA	-0.1×+1.3×	-0.1×+3.5×	-0.1×+4.3×	-0.4×+2.8×	-1.4×+1.9×
Interest coverage	1.3×-0.2×	1.4×-0.1×	1.5×+0.1×	1.5×0.0×	1.5×+0.1×
Per Share
Book value per share	$11.48-4.4%	——	$11.86-2.6%	$11.91-2.1%	$12.01-1.2%
Valuation
Market capitalization	$1.24B-14.3%	$1.4B-2.0%	$1.39B-4.7%	$1.37B-3.0%	$1.45B+4.0%
Enterprise value	$1.22B+23.9%	$1.38B+1,022%	$1.36B+1,117%	$1.25B+434%	$987.49M+418%
Price / earnings	22.7×+8.6×	22×+8.7×	17.6×+2.2×	15.7×+1.4×	14.1×-0.6×
Price / sales	11.9×-3.2×	14.1×-0.4×	14.3×-0.6×	14.3×-0.2×	15×+0.7×
Price / book	0.9×-0.1×	0.9×0.0×	0.9×0.0×	0.9×0.0×	1×0.0×
EV / EBITDA	4.4×+1.6×	5×+4.7×	4.6×+5.0×	3.9×+3.3×	2.9×+2.4×
EV / sales	11.7×+1.4×	13.9×+12.6×	13.9×+15.3×	13×+10.6×	10.2×+8.3×
Free cash flow yield	8%—	5.6%—	——	——	——
Earnings yield	4.4%-2.7pp	4.6%-3.0pp	5.7%-0.8pp	6.4%-0.6pp	7.1%+0.3pp
Dividend yield	9.4%+1.3pp	8.4%+0.1pp	8.4%+0.4pp	8.6%+0.3pp	8.1%-0.3pp

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Questions, answered.

Where do Ladder Capital's ratios come from?: Every ratio is computed from Ladder Capital'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.