Arrow Financial (AROW) Financial Ratios

For fiscal 2025 (fiscal year ended Dec 31, 2025), Arrow Financial had a P/E ratio of 11.79 (down from 16.18), return on equity of 10.6% (up from 7.6%), debt-to-equity of 0.09 (down from 0.12) and return on assets of 1.0% (up from 0.7%). Its dividend yield was 3.63% with a payout ratio of 43.0%.

Arrow Financial Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Valuation Ratios
P/E Ratio	11.79	16.18	15.85	11.48	11.32	11.35
Forward P/E	9.49	11.30	11.79	10.30	12.50	11.68
P/S Ratio	3.26	3.57	3.65	3.88	3.96	3.78
P/B Ratio	1.20	1.20	1.25	1.58	1.52	1.39
Price/Tangible Book	1.27	1.28	1.33	1.69	1.62	1.49
Price/FCF	14.27	16.64	35.30	12.32	9.24	12.46
Price/OCF	12.51	13.94	23.16	9.38	8.28	10.95
Enterprise Value Ratios
Profitability & Returns
Return on Equity (ROE)	10.56%	7.61%	8.20%	13.47%	14.13%	12.84%
Return on Assets (ROA)	1.00%	0.70%	0.74%	1.22%	1.29%	1.19%
Leverage & Solvency Ratios
Debt/Equity	0.09	0.12	0.19	0.26	0.21	0.29
Debt/FCF	1.02	1.63	5.28	2.05	1.30	2.64
Liquidity Ratios
Efficiency Ratios
Yield & Distribution Ratios
Earnings Yield	8.51%	6.18%	6.31%	8.71%	8.83%	8.81%
FCF Yield	7.01%	6.01%	2.83%	8.11%	10.82%	8.03%
Dividend Yield	3.63%	3.80%	3.77%	3.13%	2.89%	4.14%
Payout Ratio	42.99%	61.55%	59.79%	35.75%	32.68%	38.55%
Buyback Yield	1.43%	1.72%	0.13%	-0.04%	-0.81%	-0.30%
Total Return	5.06%	5.51%	3.90%	3.09%	2.08%	3.84%

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Arrow Financial Financial Ratios

What is Arrow Financial's P/E ratio?

Arrow Financial's P/E ratio was 11.79 for fiscal 2025 (period ended Dec 31, 2025). It was 16.18 a year earlier.

What is Arrow Financial's return on equity?

Arrow Financial's return on equity (ROE) was 10.6% for fiscal 2025 (period ended Dec 31, 2025). It was 7.6% a year earlier.

What is Arrow Financial's debt-to-equity ratio?

Arrow Financial's debt-to-equity ratio was 0.09 for fiscal 2025 (period ended Dec 31, 2025). It was 0.12 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition