Latest Ratios: P/E Ratio 14.0x · EV/EBITDA 12.3x · ROE 12.1%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $10.9B | $9.5B | $8.1B | $5.8B | $5.1B | $5.2B | $3.5B | $4.1B | $3.8B | $4.7B | $3.9B |
| Enterprise Value | $14.9B | $13.5B | $7.4B | $6.9B | $6.2B | $1.9B | $857M | $3.4B | $3.5B | $4.5B | $3.5B |
| P/E Ratio → | 13.97 | 12.10 | 12.10 | 9.68 | 10.54 | 11.98 | 13.05 | 11.76 | 11.35 | 18.72 | 19.83 |
| P/S Ratio | 2.57 | 2.24 | 2.03 | 1.73 | 2.30 | 2.82 | 1.87 | 2.28 | 2.50 | 3.70 | 3.49 |
| P/B Ratio | 1.50 | 1.30 | 1.27 | 1.07 | 1.06 | 1.17 | 0.86 | 1.11 | 1.16 | 1.57 | 1.46 |
| P/FCF | 12.66 | 10.99 | 12.70 | 8.25 | 3.84 | 4.89 | — | 22.21 | 12.31 | 13.64 | 14.22 |
| P/OCF | 11.96 | 10.39 | 11.18 | 7.74 | 3.69 | 4.64 | — | 15.36 | 10.08 | 11.63 | 12.67 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.18 | 1.88 | 2.08 | 2.81 | 1.02 | 0.45 | 1.91 | 2.31 | 3.61 | 3.10 |
| EV / EBITDA | 12.34 | 11.16 | 7.11 | 7.44 | 7.93 | 2.55 | 1.76 | 6.01 | 6.68 | 10.03 | 9.09 |
| EV / EBIT | 13.33 | 12.05 | 7.86 | 8.18 | 8.85 | 2.96 | 2.20 | 7.12 | 7.66 | 11.66 | 10.55 |
| EV / FCF | — | 15.66 | 11.71 | 9.91 | 4.69 | 1.76 | — | 18.57 | 11.41 | 13.28 | 12.63 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 62.2% | 62.2% | 59.3% | 64.8% | 85.0% | 95.1% | 75.4% | 78.5% | 84.2% | 88.6% | 89.0% |
| Operating Margin | 26.4% | 26.4% | 23.9% | 25.4% | 31.7% | 34.3% | 20.5% | 26.8% | 30.2% | 30.9% | 29.4% |
| Net Profit Margin | 19.5% | 19.5% | 17.5% | 18.7% | 23.1% | 25.0% | 15.4% | 19.9% | 22.5% | 20.4% | 18.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 12.1% | 12.1% | 11.8% | 12.2% | 11.0% | 10.8% | 7.5% | 10.2% | 11.0% | 9.1% | 8.2% |
| ROA | 1.2% | 1.2% | 1.1% | 1.1% | 1.0% | 1.0% | 0.7% | 1.0% | 1.2% | 1.0% | 0.9% |
| ROIC | 7.5% | 7.5% | 7.2% | 7.3% | 6.9% | 7.1% | 4.9% | 7.2% | 8.0% | 7.6% | 6.7% |
| ROCE | 6.4% | 6.4% | 8.8% | 9.9% | 9.4% | 8.8% | 5.9% | 9.7% | 11.1% | 10.8% | 9.2% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.62 | 0.62 | 0.67 | 0.68 | 0.75 | 0.54 | 0.59 | 0.48 | 0.37 | 0.41 | 0.30 |
| Debt / EBITDA | 3.71 | 3.71 | 4.05 | 3.94 | 4.60 | 3.28 | 5.01 | 3.14 | 2.30 | 2.69 | 2.10 |
| Net Debt / Equity | — | 0.55 | -0.10 | 0.21 | 0.23 | -0.75 | -0.65 | -0.18 | -0.09 | -0.04 | -0.16 |
| Net Debt / EBITDA | 3.32 | 3.32 | -0.60 | 1.24 | 1.44 | -4.54 | -5.53 | -1.18 | -0.53 | -0.27 | -1.14 |
| Debt / FCF | — | 4.66 | -0.98 | 1.66 | 0.85 | -3.13 | — | -3.63 | -0.90 | -0.36 | -1.58 |
| Interest Coverage | 0.74 | 0.74 | 0.63 | 0.80 | 2.78 | 4.24 | 1.54 | 1.45 | 2.23 | 3.41 | 3.68 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.14 | 0.14 | 0.17 | 0.14 | 0.14 | 0.18 | 0.21 | 0.18 | 0.15 | 0.14 | 0.13 |
| Quick Ratio | 0.14 | 0.14 | 0.17 | 0.14 | 0.14 | 0.18 | 0.21 | 0.18 | 0.15 | 0.14 | 0.13 |
| Cash Ratio | 0.01 | 0.01 | 0.09 | 0.05 | 0.06 | 0.13 | 0.14 | 0.08 | 0.06 | 0.06 | 0.06 |
| Asset Turnover | — | 0.06 | 0.06 | 0.06 | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 0.04 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.6% | 1.8% | 1.8% | 2.2% | 2.1% | 1.9% | 2.4% | 1.6% | 1.3% | 0.9% | 1.0% |
| Payout Ratio | 20.6% | 20.6% | 20.6% | 20.2% | 21.2% | 21.2% | 29.3% | 18.3% | 14.9% | 15.7% | 18.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.2% | 8.3% | 8.3% | 10.3% | 9.5% | 8.3% | 7.7% | 8.5% | 8.8% | 5.3% | 5.0% |
| FCF Yield | 7.9% | 9.1% | 7.9% | 12.1% | 26.0% | 20.5% | — | 4.5% | 8.1% | 7.3% | 7.0% |
| Buyback Yield | 3.8% | 4.4% | 0.0% | 0.0% | 0.0% | 0.2% | 2.6% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 5.3% | 6.2% | 1.8% | 2.2% | 2.1% | 2.1% | 5.1% | 1.6% | 1.4% | 0.9% | 1.0% |
| Shares Outstanding | — | $68M | $65M | $62M | $60M | $58M | $58M | $58M | $57M | $57M | $54M |
Deposit cost sensitivity
Based on recent market data, Wintrust trades at a P/B ratio of 1.50, which, according to historical trends and peer comparisons, suggests that investors are pricing the bank as a growth-oriented commercial lender rather than a stagnant regional utility.
The current valuation multiple implies that the market expects Wintrust to maintain its superior ROTCE relative to peers by leveraging its specialty finance niches. This premium valuation warrants monitoring, as any deceleration in loan growth or margin compression could lead to a rapid re-rating toward the lower multiples observed in more traditional regional banking peers.
As reported in financial statements, Wintrust's ROE has remained relatively stable near 3.0% over the last ten quarters, a performance driven by a consistent NIM of 0.8% and a disciplined leverage profile that supports its decentralized community banking model.
The decomposition suggests that profitability is heavily reliant on the firm's ability to maintain its NIM while managing the high fixed-cost base of its branch network. Investors should monitor whether the contribution from non-interest income, currently at 12.6%, can expand to offset potential volatility in interest-based revenue streams.
According to quarterly filings, Wintrust maintained an efficiency ratio of 36.0% in 2026Q1, demonstrating that the firm is successfully managing its operating leverage despite the structural overhead inherent in its physical branch network and ongoing geographic expansion into Florida and Southern Wisconsin.
The stability of the efficiency ratio appears to be a key indicator of management's ability to scale the centralized back-office infrastructure alongside the community banking footprint. However, the sensitivity of deposit costs to the competitive Chicago market remains a primary risk factor that could pressure the efficiency ratio if funding costs continue to rise.
Based on reported figures, Wintrust has maintained a consistent equity-to-assets ratio of 0.10 over the last ten quarters, indicating that the bank is effectively scaling its capital base in tandem with its asset growth to support regulatory requirements and organic expansion.
This capital position appears adequate to support the firm's current growth trajectory without necessitating significant external equity issuance. The management's preference for retaining earnings to fund acquisitions suggests that capital return to shareholders will likely remain secondary to maintaining this robust capital buffer.
The P/E ratio is frequently misapplied to Wintrust, as it obscures the volatility inherent in provision expenses and the non-cash adjustments to mortgage servicing rights that can distort headline earnings in a high-rate environment.
Investors should prioritize P/TBV and ROTCE as more reliable indicators of value, as these metrics better reflect the underlying tangible capital and the efficiency with which it is deployed. Relying on P/E may lead to an incomplete assessment of the bank's true earnings power and its sensitivity to credit cycle fluctuations.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying WTFC stock.
Wintrust Financial Corporation's current P/E ratio is 14.0x. The historical average is 17.4x. This places it at the 34th percentile of its historical range.
Wintrust Financial Corporation's current EV/EBITDA is 12.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.8x.
Wintrust Financial Corporation's return on equity (ROE) is 12.1%. The historical average is 9.1%.
Based on historical data, Wintrust Financial Corporation is trading at a P/E of 14.0x. This is at the 34th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Wintrust Financial Corporation's current dividend yield is 1.55% with a payout ratio of 20.6%.
Wintrust Financial Corporation has 62.2% gross margin and 26.4% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Wintrust Financial Corporation's Debt/EBITDA ratio is 3.7x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.