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Q1 '26Q4 '25Q3 '25Q2 '25Q1 '25
Profitability
Net margin25.2%0.0pp27.3%+2.4pp26.5%+2.6pp25.8%+0.4pp25.2%-1.9pp
Free cash flow margin-43.7%+86.2pp-78.8%+10.5pp-97.7%-115.3%-129.9%
Returns
Return on equity13.1%+0.7pp13.5%+1.2pp12.8%+1.2pp12.6%+0.3pp12.4%-0.6pp
Return on assets1%0.0pp1.1%+0.1pp1.1%+0.1pp1%0.0pp1%0.0pp
Efficiency
Asset turnover0.0×0.0×0.0×0.0×0.0×
Leverage
Debt-to-equity0.6×+0.2×0.5×0.0×0.2×-0.1×0.5×-0.4×0.4×-0.6×
Debt-to-assets0.0×0.0×0.0×0.0×0.0×
Per Share
Book value per share$70.06+10.9%$69.89+13.9%$67.37+10.5%$64.91+11.8%$63.16+11.5%
Valuation
Market capitalization$7.78B-8.3%$9.25B+0.6%$9.57B+1.9%$8.38B+23.0%$8.49B+21.8%
Enterprise value$3.91B-50.5%$9.66B+14.9%$4.94B-42.1%$8.92B+10.7%$7.9B-15.7%
Price / earnings8.2×-2.3×9.5×-2.1×10.6×-2.4×9.9×+0.6×10.5×+1.3×
Price / sales2.1×-0.6×2.6×-0.3×2.8×-0.3×2.6×+0.2×2.6×+0.2×
Price / book-0.2×1.2×-0.2×1.3×-0.1×1.2×+0.1×1.2×+0.1×
EV / sales-1.4×2.7×+0.1×1.5×-1.4×2.7×-0.1×2.5×-0.9×
Free cash flow yield-21.2%+27.9pp-30.2%+0.5pp-34.7%-45.2%-49.2%
Earnings yield12.2%+2.7pp10.5%+1.9pp9.4%+1.7pp10.1%-0.7pp9.5%-1.3pp
PEG ratio0.5×-1.1×0.4×-0.9×0.4×0.7×1.5×

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Questions, answered.

Where do Western Alliance Bancorporation's ratios come from?
Every ratio is computed from Western Alliance Bancorporation'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.