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MediaAlpha MAX Free cash flow margin

Free cash flow margin at other companies

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-0.4%-3.3pp
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8.7%-2.8pp

Other financials

Income statement

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Revenue$316.9M+25.9%
Gross profit$45.2M+19.9%
Operating income$20.0M+200%
Net income$39.4M+310%
EPS (diluted)$0.65+297%

Balance sheet

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Cash & equivalents$23.7M-72.2%
Total debt$176.7M+11.8%
Total equity$28.4M+853%
Total assets$359.8M+44.3%

Cash flow

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Operating cash flow$42.6M+65.6%
CapEx$774.0K+342%
Free cash flow$41.8M+63.7%

Valuation

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Market cap$820.94M+52.3%
Enterprise value$973.9M+59.3%
P/E8.4×
P/S0.7×+0.2×

Profitability

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Gross margin14.7%-0.9pp
Operating margin6.9%+5.6pp
Net margin7.9%+7.4pp

Returns & leverage

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Return on equity793.8%
Debt / equity6.2×
Current ratio1.3×0.0×

Where this comes from

Calculated from MediaAlpha’s reported figures.

Based on trailing twelve months.

The source filing: MediaAlpha’s 10-Q, filed October 29, 2025. Open the filing →

Filed
Oct 29, 2025
Fiscal quarter
Q3 FY2025
Calendar quarter
Q3 2025
Accession
0001818383-25-000126

FAQ

What is MediaAlpha's free cash flow margin?
MediaAlpha (MAX) reported free cash flow margin of 7.8% in Q3 2025.
How has MediaAlpha's free cash flow margin changed year-over-year?
MediaAlpha's free cash flow margin increased by 45.3% year-over-year, from 5.3% to 7.8%.
What is the long-term trend for MediaAlpha's free cash flow margin?
Over 3 years (2020 to 2024), MediaAlpha's free cash flow margin has grown at a -15.5% compound annual growth rate (CAGR), from 8.7% to 5.3%.
What does free cash flow margin mean?
Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.

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