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Liquidity Services LQDT Ratios & Valuation

Q2 '26Q1 '26Q4 '25Q3 '25Q2 '25
Profitability
Gross margin46.7%+2.1pp45.4%-1.8pp43.8%-7.2pp43.2%-10.7pp44.6%-10.3pp
Operating margin8.4%+1.8pp7.9%+0.9pp7.4%+0.9pp6.7%-0.4pp6.6%-0.9pp
Net margin6.3%+0.6pp6.3%+0.5pp5.9%+0.4pp5.7%-0.2pp5.7%-0.6pp
Returns
Return on equity14.5%+0.4pp14.7%+1.2pp14.6%+2.9pp14%+1.9pp14%+1.1pp
Return on invested capital47.2%+15.4pp39.7%+11.9pp57.7%+25.3pp37.5%+10.2pp31.7%+5.4pp
Efficiency
Asset turnover1.3×-0.1×1.4×0.0×1.3×+0.2×1.3×+0.2×1.3×+0.2×
Liquidity
Current ratio1.5×+0.2×1.5×+0.1×1.4×+0.1×1.4×+0.2×1.3×+0.2×
Leverage
Debt-to-equity0.1×0.0×0.1×0.0×0.1×0.0×0.1×0.0×0.1×0.0×
Net debt / EBITDA-3.5×-0.5×-3.3×-0.4×-3.5×+0.4×-3.4×-0.2×-3.1×-0.4×
Per Share
Book value per share$6.84+13.2%$6.67+13.5%$6.27+8.7%$6.42+17.5%$6.04+15.9%
Valuation
Market capitalization$1.21B+66.7%$928.69M-6.4%$856.83M+23.7%$737.43M+21.0%$962.53M+69.1%
Price / earnings40.1×+11.3×31.2×-10.3×30.5×-4.2×27.7×-3.0×38.1×+10.2×
Price / sales2.5×+0.9×-0.4×1.8×-0.1×1.6×-0.2×2.2×+0.4×
Price / book5.5×+1.8×4.3×-0.9×4.2×+0.4×3.5×0.0×4.9×+1.4×
EV / EBITDA20.4×+5.3×16.2×-5.5×15.3×-0.3×14.2×+0.5×20.9×+7.9×

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Questions, answered.

What are Liquidity Services's profit margins?
Liquidity Services (LQDT) runs a 46.7% gross margin and a 8.4% operating margin, with a 6.3% net margin.
Where do Liquidity Services's ratios come from?
Every ratio is computed from Liquidity Services'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.