MediaAlpha MAX Ratios & Valuation
| FY'25 | FY'24 | FY'23 | FY'22 | ||
|---|---|---|---|---|---|
| Profitability | |||||
| Gross margin | 15%-1.6pp | 16.6%-0.6pp | 17.2%+1.9pp | 15.3%-0.5pp | |
| Operating margin | 2%-3.0pp | 4.9%+15.3pp | -10.4%-2.7pp | -7.7%— | |
| Net margin | 2.3%+0.4pp | 1.9%+12.3pp | -10.4%+2.1pp | -12.6%-11.7pp | |
| Returns | |||||
| Return on equity | 783.8%— | —— | —— | —— | |
| Return on invested capital | 18.8%-10.7pp | 29.5%+55.9pp | -26.5%-14.3pp | -12.1%-11.1pp | |
| Efficiency | |||||
| Asset turnover | 3.4×-0.7× | 4.2×+1.8× | 2.4×+0.4× | 2×-0.6× | |
| Liquidity | |||||
| Current ratio | 1.2×-0.2× | 1.4×+0.5× | 0.9×-0.1× | 1×-0.6× | |
| Leverage | |||||
| Debt-to-equity | 37.2×-32.0× | 69.2×— | —— | —— | |
| Net debt / EBITDA | 4.3×+1.8× | 2.5×— | —— | —— | |
| Per Share | |||||
| Book value per share | $0.06+39.1% | $0.04+120% | -$0.23+40.8% | -$0.38-439% | |
| Valuation | |||||
| Market capitalization | $594.68M+0.1% | $621.97M+18.0% | $527.25M+22.9% | $428.94M-29.5% | |
| Price / earnings | 15.2×-22.4× | 37.4×— | —— | —— | |
| Price / sales | 0.5×-0.1× | 0.7×-0.6× | 1.4×+0.4× | 0.9×0.0× | |
| Price / book | 310.2×+235× | 261.6×— | —— | —— | |
| EV / EBITDA | 15.7×+1.0× | 15×— | —— | —— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are MediaAlpha's profit margins?
- MediaAlpha (MAX) runs a 14.9% gross margin and a 3.8% operating margin, with a 3.4% net margin.
- Where do MediaAlpha's ratios come from?
- Every ratio is computed from MediaAlpha'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.
