Q2 Holdings QTWO Ratios & Valuation
| FY'25 | FY'24 | FY'23 | FY'22 | ||
|---|---|---|---|---|---|
| Profitability | |||||
| Gross margin | 54.1%+3.2pp | 50.9%+2.4pp | 48.5%+3.1pp | 45.3%+0.2pp | |
| Operating margin | 5%+11.1pp | -6.1%+7.7pp | -13.8%+4.7pp | -18.5%-2.9pp | |
| Net margin | 6.5%+12.1pp | -5.6%+4.9pp | -10.5%+8.8pp | -19.3%+3.3pp | |
| EBITDA margin | 11.7%+7.9pp | 3.8%+6.1pp | -2.3%+5.3pp | -7.6%-3.0pp | |
| Free cash flow margin | 24.5%+6.0pp | 18.5%+8.2pp | 10.3%+5.9pp | 4.5%+2.2pp | |
| Returns | |||||
| Return on equity | 8.8%+16.8pp | -8%+7.1pp | -15.1%+7.0pp | -22%-3.5pp | |
| Return on assets | 4%+7.1pp | -3.1%+2.0pp | -5.1%+2.8pp | -8%+0.1pp | |
| Return on invested capital | 6.3%+17.9pp | -11.5%+16.6pp | -28.1%-3.6pp | -24.5%-4.7pp | |
| Efficiency | |||||
| Asset turnover | 0.6×+0.1× | 0.6×+0.1× | 0.5×+0.1× | 0.4×+0.1× | |
| Liquidity | |||||
| Current ratio | 1×-0.4× | 1.4×-0.8× | 2.2×-0.5× | 2.8×-0.3× | |
| Quick ratio | 1×-0.4× | 1.4×-0.8× | 2.2×-0.5× | 2.8×-0.3× | |
| Cash ratio | 0.5×-0.2× | 0.7×-0.5× | 1.2×+0.4× | 0.8×0.0× | |
| Leverage | |||||
| Debt-to-equity | 0.5×+0.1× | 0.5×+0.3× | 0.1×-0.1× | 0.2×+0.1× | |
| Debt-to-assets | 0.3×+0.1× | 0.2×+0.1× | 0×0.0× | 0.1×0.0× | |
| Net debt / EBITDA | 0.8×+2.9× | -2.1×— | —— | —— | |
| Per Share | |||||
| Book value per share | $10.16+18.0% | $8.61+12.1% | $7.69+5.1% | $7.31-27.7% | |
| Valuation | |||||
| Market capitalization | $4.51B-25.8% | $6.08B+138% | $2.55B+65.0% | $1.55B-65.8% | |
| Enterprise value | $4.58B-23.9% | $6.02B+154% | $2.37B+61.6% | $1.47B-67.1% | |
| Price / earnings | 86.8×— | —— | —— | —— | |
| Price / sales | 5.7×-3.1× | 8.7×+4.6× | 4.1×+1.4× | 2.7×-6.3× | |
| Price / book | 6.8×-4.9× | 11.7×+6.1× | 5.7×+2.0× | 3.7×-4.2× | |
| EV / EBITDA | 49.1×-178× | 226.9×— | —— | —— | |
| EV / sales | 5.8×-2.9× | 8.6×+4.9× | 3.8×+1.2× | 2.6×-6.3× | |
| Free cash flow yield | 4.3%+2.2pp | 2.1%-0.4pp | 2.5%+0.9pp | 1.6%+1.4pp | |
| Earnings yield | 1.2%+1.8pp | -0.6%+1.9pp | -2.6%+4.5pp | -7.1%-4.6pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Q2 Holdings's profit margins?
- Q2 Holdings (QTWO) runs a 55.6% gross margin and a 8.0% operating margin, with a 9.0% net margin.
- Where do Q2 Holdings's ratios come from?
- Every ratio is computed from Q2 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.
