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TTM Q1 '26TTM Q4 '25TTM Q3 '25TTM Q2 '25TTM Q1 '25
Profitability
Operating margin-192.4%+151pp-343.6%-353pp9.1%
Net margin-154.9%+128pp-282.8%-305pp21.9%
EBITDA margin-190.4%+150pp-340.9%-350pp9.6%
Returns
Return on equity-17.1%+3.1pp-20.2%-28.0pp7.8%
Return on assets-15.9%+2.5pp-18.4%-25.5pp7%
Return on invested capital-27.6%+1.5pp-29.1%-32.9pp3.8%
Efficiency
Asset turnover0.1×0.0×0.1×-0.3×0.3×0.0×0.3×0.0×0.3×-0.5×
Liquidity
Current ratio17.8×+5.0×12.7×-0.3×13×-3.9×17×-0.3×17.3×+4.8×
Quick ratio17.8×+5.0×12.7×-0.3×13×-3.9×17×-0.3×17.3×+4.8×
Cash ratio5.6×+2.8×2.8×+0.3×2.5×-2.2×4.7×+0.8×+1.9×
Leverage
Debt-to-equity0.0×0.0×0.0×0.0×0.0×
Debt-to-assets0.0×0.0×0.0×0.0×0.0×
Per Share
Book value per share$9.30-3.8%$9.67-4.5%$10.12-3.8%$10.52-3.9%$10.94+5.5%
Valuation
Market capitalization$6.73B+23.2%$5.46B+32.1%$4.13B+24.2%$3.33B+12.1%$2.97B+29.0%
Enterprise value$6.54B+22.5%$5.34B+32.6%$4.03B+27.1%$3.17B+11.6%$2.84B+28.3%
Price / sales90.8×-27.8×118.7×+98.9×19.8×+3.8×15.9×+1.6×14.3×+9.0×
Price / book10.3×+1.4×8.9×+2.5×6.4×+1.4×+0.7×4.3×+0.9×
EV / sales88.3×-27.8×116.1×+96.8×19.3×+4.1×15.2×+1.5×13.7×+8.6×
Earnings yield-1.7%+0.7pp-2.4%-3.5pp1.1%

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Questions, answered.

Where do Protagonist Therapeutics's ratios come from?
Every ratio is computed from Protagonist Therapeutics'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.