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Marqeta MQ Return on invested capital

Return on invested capital at other companies

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35.9%+12.6pp

Other financials

Income statement

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Revenue$165.8M+19.2%
Gross profit$117.6M+19.2%
Operating income$2.1M+111%
Net income$7.8M+195%
EPS (diluted)$0.02+200%

Balance sheet

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Cash & equivalents$956.1M+13.9%
Total debt$7.4M+67.7%
Total equity$742.3M-24.8%
Total assets$1.5B+9.4%

Cash flow

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Operating cash flow-$3.4M-134%
CapEx$1.3M+1.0%
Free cash flow-$4.6M-153%

Valuation

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Market cap$1.62B-16.1%
Enterprise value$675.32M-36.1%
P/E748.8×
P/S2.5×-1.2×

Profitability

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Gross margin70%+0.6pp
Operating margin-4%-5.3pp
Net margin0.3%
FCF margin22.6%+10.3pp

Returns & leverage

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Return on equity0.3%
Debt / equity0.0×
Current ratio1.6×-1.5×

Where this comes from

Calculated from Marqeta’s reported figures.

Based on trailing twelve months.

The official record: Marqeta’s 10-Q, filed August 6, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Marqeta's return on invested capital?
Marqeta (MQ) reported return on invested capital of -66% in Q2 2025.
How has Marqeta's return on invested capital changed year-over-year?
Marqeta's return on invested capital decreased by 197.7% year-over-year, from -22.2% to -66%.
What is the long-term trend for Marqeta's return on invested capital?
Over 2 years (2022 to 2024), Marqeta's return on invested capital has grown at a -58.4% compound annual growth rate (CAGR), from -66.9% to -11.6%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.