Where do National Bank Holdings's ratios come from?

Every ratio is computed from National Bank Holdings'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.

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Net margin	24.1%-3.4pp	26.3%-2.9pp	29.2%-0.9pp	28.9%-1.9pp	27.4%-4.4pp
Free cash flow margin	9.2%-21.6pp	31.8%+2.2pp	33.8%+5.8pp	32.3%+4.3pp	30.9%-12.2pp
Returns
Return on equity	7.1%-1.6pp	8.1%-1.3pp	9.1%-1.0pp	9.2%-1.4pp	8.7%-2.5pp
Return on assets	0.9%-0.2pp	1.1%-0.1pp	1.2%0.0pp	1.2%-0.1pp	1.1%-0.2pp
Efficiency
Asset turnover	0×0.0×	0×0.0×	0×0.0×	0×0.0×	0×0.0×
Leverage
Debt-to-equity	0.1×+0.1×	0.1×0.0×	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×
Per Share
Book value per share	$37.32+7.3%	$36.36+7.0%	$36.15+7.7%	$35.45+9.0%	$34.77+7.8%
Valuation
Market capitalization	$1.76B+20.9%	$1.44B-12.2%	$1.46B-9.2%	$1.42B-4.7%	$1.46B+6.3%
Enterprise value	$1.49B+17.8%	$1.1B-30.6%	$960.37M-35.2%	$1.17B-15.8%	$1.27B+11.7%
Price / earnings	16.6×+3.6×	13.1×-0.7×	12×-1.0×	11.8×+0.1×	13.1×+2.8×
Price / sales	4×+0.4×	3.5×-0.6×	3.5×-0.4×	3.4×-0.2×	3.6×+0.3×
Price / book	1.1×0.0×	1×-0.2×	1.1×-0.2×	1×-0.1×	1.1×0.0×
EV / sales	3.4×+0.3×	2.7×-1.3×	2.3×-1.3×	2.8×-0.5×	3.1×+0.4×
Free cash flow yield	2.3%-6.3pp	9.2%+1.8pp	9.6%+2.5pp	9.4%+1.7pp	8.6%-4.5pp
Earnings yield	6%-1.6pp	7.6%+0.4pp	8.3%+0.6pp	8.4%-0.1pp	7.7%-2.0pp
Dividend yield	2.8%-0.2pp	3.2%+0.6pp	3.1%+0.5pp	3.2%+0.4pp	3%+0.1pp

Chart any of these lines over time, or line them up against competitors.

Compare these in charts →

Questions, answered.

Where do National Bank Holdings's ratios come from?: Every ratio is computed from National Bank Holdings'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.