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PubMatic PUBM Return on invested capital

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Other financials

Income statement

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Revenue$62.6M-2.0%
Gross profit$36.5M-4.6%
Operating income-$15.3M-28.3%
Net income-$12.5M-31.9%
EPS (diluted)-$0.27-35.0%

Balance sheet

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Cash & equivalents$144.9M+42.3%
Total debt$42.7M-5.8%
Total equity$251.0M-8.9%
Total assets$659.4M-1.4%

Cash flow

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Operating cash flow$17.3M+10.7%
CapEx$11.0K-99.2%
Free cash flow$17.3M+21.9%

Valuation

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Market cap$609.34M+9.7%
Enterprise value$507.15M-0.6%
P/S2.2×+0.3×

Profitability

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Gross margin63.2%-1.7pp
Operating margin-3.8%-7.1pp
Net margin-2.5%-8.5pp
FCF margin24.8%+8.7pp

Returns & leverage

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Return on equity-2.9%-9.1pp
Debt / equity0.2×0.0×
Current ratio1.4×-0.1×

Where this comes from

Calculated from PubMatic’s reported figures.

Based on trailing twelve months.

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

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Questions, answered.

What is PubMatic's return on invested capital?
PubMatic (PUBM) reported return on invested capital of -5.9% in Q3 2025.
How has PubMatic's return on invested capital changed year-over-year?
PubMatic's return on invested capital decreased by 273.1% year-over-year, from 3.4% to -5.9%.
What is the long-term trend for PubMatic's return on invested capital?
Over 3 years (2021 to 2024), PubMatic's return on invested capital has grown at a -67.5% compound annual growth rate (CAGR), from 34.8% to 1.2%.
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.