Western Alliance (WAL) Ratios
Western Alliance Ratios
MX:WAL's free cash flow for Q3 2026 was $906.80M. For the 2026 fiscal year, MX:WAL's free cash flow was increased by $43.50M and operating cash flow was $863.30M. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 0.17 | 0.12 | 0.21 | 0.14 | 0.14 |
| Quick Ratio | 0.17 | 0.12 | 0.21 | 0.14 | 0.14 |
| Cash Ratio | 0.04 | 0.06 | 0.03 | 0.02 | 0.01 |
| Solvency Ratio | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 |
| Operating Cash Flow Ratio | -0.03 | -0.04 | -0.01 | 0.04 | -0.05 |
| Short-Term Operating Cash Flow Coverage | -0.69 | -0.87 | -0.05 | 0.45 | -3.65 |
| Net Current Asset Value | $ -70.87B | $ -65.69B | $ -52.04B | $ -54.24B | $ -44.31B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.07 | 0.08 | 0.12 | 0.11 | 0.05 |
| Debt-to-Equity Ratio | 0.85 | 0.99 | 1.37 | 1.38 | 0.51 |
| Debt-to-Capital Ratio | 0.46 | 0.50 | 0.58 | 0.58 | 0.34 |
| Long-Term Debt-to-Capital Ratio | 0.24 | 0.33 | 0.18 | 0.29 | 0.25 |
| Financial Leverage Ratio | 12.12 | 12.07 | 11.66 | 12.65 | 11.28 |
| Debt Service Coverage Ratio | 0.20 | 0.18 | 0.10 | 0.21 | 1.13 |
| Interest Coverage Ratio | 0.66 | 0.52 | 0.55 | 2.77 | 10.22 |
| Debt to Market Cap | 0.69 | 0.71 | 1.14 | 1.13 | 0.22 |
| Interest Debt Per Share | 76.32 | 78.76 | 92.34 | 73.25 | 25.81 |
| Net Debt to EBITDA | 2.15 | 2.28 | 6.60 | 4.55 | 1.73 |
| Profitability Margins | |||||
| Gross Profit Margin | 61.10% | 58.77% | 58.68% | 81.64% | 95.94% |
| EBIT Margin | 22.88% | 19.76% | 21.93% | 44.45% | 56.09% |
| EBITDA Margin | 25.35% | 22.12% | 23.96% | 46.97% | 58.59% |
| Operating Profit Margin | 22.88% | 19.76% | 21.93% | 44.45% | 56.09% |
| Pretax Profit Margin | 22.88% | 19.76% | 21.93% | 44.45% | 56.09% |
| Net Profit Margin | 18.37% | 15.70% | 16.97% | 35.71% | 44.91% |
| Continuous Operations Profit Margin | 18.78% | 15.70% | 16.97% | 35.71% | 44.91% |
| Net Income Per EBT | 80.27% | 79.47% | 77.38% | 80.34% | 80.07% |
| EBT Per EBIT | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Return on Assets (ROA) | 1.04% | 0.97% | 1.02% | 1.56% | 1.61% |
| Return on Equity (ROE) | 12.66% | 11.74% | 11.89% | 19.74% | 18.12% |
| Return on Capital Employed (ROCE) | 10.26% | 8.66% | 10.68% | 14.47% | 14.69% |
| Return on Invested Capital (ROIC) | 6.33% | 5.40% | 4.65% | 7.50% | 10.74% |
| Return on Tangible Assets | 1.07% | 1.00% | 1.05% | 1.60% | 1.65% |
| Earnings Yield | 10.59% | 8.68% | 10.14% | 16.56% | 8.13% |
| Efficiency Ratios | |||||
| Receivables Turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Payables Turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventory Turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Fixed Asset Turnover | 9.21 | 10.26 | 8.80 | 6.74 | 6.36 |
| Asset Turnover | 0.06 | 0.06 | 0.06 | 0.04 | 0.04 |
| Working Capital Turnover Ratio | -0.08 | -0.09 | -0.09 | -0.06 | -0.06 |
| Cash Conversion Cycle | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Days of Sales Outstanding | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Days of Inventory Outstanding | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Days of Payables Outstanding | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Cycle | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | -24.62 | -25.25 | -3.03 | 20.94 | -25.84 |
| Free Cash Flow Per Share | -25.67 | -26.02 | -4.09 | 19.63 | -26.52 |
| Dividend Paid and CapEx Coverage Ratio | -8.96 | -10.52 | -1.15 | 7.31 | -13.47 |
| Capital Expenditure Coverage Ratio | -23.44 | -32.72 | -2.87 | 15.92 | -38.24 |
| Operating Cash Flow Coverage Ratio | -0.41 | -0.41 | -0.04 | 0.30 | -1.04 |
| Operating Cash Flow to Sales Ratio | -0.51 | -0.55 | -0.08 | 0.76 | -1.33 |
| Free Cash Flow Yield | -30.54% | -31.15% | -6.22% | 32.96% | -24.63% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 9.56 | 11.70 | 9.86 | 6.04 | 12.29 |
| Price-to-Sales (P/S) Ratio | 1.73 | 1.81 | 1.67 | 2.16 | 5.52 |
| Price-to-Book (P/B) Ratio | 1.20 | 1.35 | 1.17 | 1.19 | 2.23 |
| Price-to-Free Cash Flow (P/FCF) Ratio | -3.27 | -3.21 | -16.09 | 3.03 | -4.06 |
| Price-to-Operating Cash Flow Ratio | -3.41 | -3.31 | -21.68 | 2.84 | -4.17 |
| Price-to-Earnings Growth (PEG) Ratio | 0.41 | 1.30 | -0.30 | 0.52 | 0.17 |
| Enterprise Value Multiple | 8.99 | 10.46 | 13.58 | 9.15 | 11.15 |
| Enterprise Value | 12.03B | 11.61B | 13.85B | 12.72B | 13.08B |
| EV to EBITDA | 8.99 | 10.46 | 13.58 | 9.15 | 11.15 |
| EV to Sales | 2.28 | 2.31 | 3.25 | 4.30 | 6.53 |
| EV to Free Cash Flow | -4.31 | -4.11 | -31.28 | 6.04 | -4.80 |
| EV to Operating Cash Flow | -4.49 | -4.23 | -42.16 | 5.66 | -4.93 |
| Tangible Book Value Per Share | 53.34 | 45.31 | 39.57 | 32.91 | 35.36 |
| Shareholders’ Equity Per Share | 70.34 | 61.76 | 56.12 | 49.96 | 48.32 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.18 | 0.21 | 0.23 | 0.20 | 0.20 |
| Revenue Per Share | 48.49 | 46.19 | 39.31 | 27.62 | 19.50 |
| Net Income Per Share | 8.91 | 7.25 | 6.67 | 9.86 | 8.76 |
| Tax Burden | 0.80 | 0.79 | 0.77 | 0.80 | 0.80 |
| Interest Burden | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Research & Development to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A to Revenue | 0.03 | 0.13 | 0.13 | 0.18 | 0.23 |
| Stock-Based Compensation to Revenue | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 |
| Income Quality | -2.70 | -3.48 | -0.45 | 2.12 | -2.95 |
Currency in USD
