Stock Value LensCharts for long-term investors100% free

Loading stock chart…

Annual data and sources

MediaAlpha, Inc. (MAX) · NYSE · USD · Sector unavailable · CIK 0001818383

Annual coverage: 2018-12-31–2025-12-31 (8 periods). Financial snapshot built 2026-10-09.

MAX annual financial history

All stored annual observations, independent of the chart window. Per-share amounts in USD. Unavailable values are not zero.

See the calculation and limitations.

Annual EPS, cash flow, dividends, and fiscal-year dividend yield for MediaAlpha, Inc.
Fiscal year / endBasic EPSDiluted EPSFCF / shareDividends / shareFiscal-year dividend yieldFiling sources
2025
2025-12-31
0.460.390.98UnavailableUnavailableBasic EPS (2026-02-23)
Diluted EPS (2026-02-23)
Operating cash flow (2026-02-23) · Capex (2026-02-23)
2024
2024-12-31
0.310.310.86UnavailableUnavailableBasic EPS (2026-02-23)
Diluted EPS (2026-02-23)
Operating cash flow (2026-02-23) · Capex (2026-02-23)
2023
2023-12-31
-0.89-0.890.44UnavailableUnavailableBasic EPS (2026-02-23)
Diluted EPS (2026-02-23)
Operating cash flow (2026-02-23) · Capex (2026-02-23)
2022
2022-12-31
-1.37-1.370.67UnavailableUnavailableBasic EPS (2025-02-24)
Diluted EPS (2025-02-24)
Operating cash flow (2025-02-24) · Capex (2025-02-24)
2021
2021-12-31
-0.14-0.190.46UnavailableUnavailableBasic EPS (2024-02-22)
Diluted EPS (2024-02-22)
Operating cash flow (2024-02-22) · Capex (2023-02-27)
2020
2020-12-31
-0.14-0.141.59UnavailableUnavailableBasic EPS (2023-02-27)
Diluted EPS (2023-02-27)
Operating cash flow (2023-02-27) · Capex (2023-02-27)
2019
2019-12-31
UnavailableUnavailableUnavailableUnavailableUnavailableOperating cash flow (2022-02-28) · Capex (2022-02-28)
2018
2018-12-31
UnavailableUnavailableUnavailableUnavailableUnavailableOperating cash flow (2021-03-15) · Capex (2021-03-15)

Annual per-share context (USD/share)

Complete annual history, independent of chart loading and range. Revenue/share is annual revenue per average diluted share. Debt/share is borrowings per year-end common share, excluding leases. Missing inputs remain unavailable. Metric definitions.

Fiscal endRevenue / shareTotal debt / shareInputs & filing sources
2025-12-3116.67Unavailable
Inputs & filings

revenue: 1113600000; averageDilutedShares: 66786155; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: No positive common shares on the exact fiscal-end date

revenue (2026-02-23)
averageDilutedShares (2026-02-23)
2024-12-3116.30Unavailable
Inputs & filings

revenue: 864704000; averageDilutedShares: 53043576; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: No positive common shares on the exact fiscal-end date

revenue (2026-02-23)
averageDilutedShares (2026-02-23)
2023-12-318.52Unavailable
Inputs & filings

revenue: 388149000; averageDilutedShares: 45573416; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: No positive common shares on the exact fiscal-end date

revenue (2026-02-23)
averageDilutedShares (2026-02-23)
2022-12-3110.94Unavailable
Inputs & filings

revenue: 459072000; averageDilutedShares: 41944874; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: No positive common shares on the exact fiscal-end date

revenue (2025-02-24)
averageDilutedShares (2025-02-24)
2021-12-3110.53Unavailable
Inputs & filings

revenue: 645274000; averageDilutedShares: 61255925; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: No positive common shares on the exact fiscal-end date

revenue (2024-02-22)
averageDilutedShares (2024-02-22)
2020-12-3118.20Unavailable
Inputs & filings

revenue: 584814000; averageDilutedShares: 32134170; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: No positive common shares on the exact fiscal-end date

revenue (2023-02-27)
averageDilutedShares (2023-02-27)
2019-12-31UnavailableUnavailable
Inputs & filings

revenue: 408005000; averageDilutedShares: No positive shares on the exact annual duration; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: No positive common shares on the exact fiscal-end date

revenue (2022-02-28)
2018-12-31UnavailableUnavailable
Inputs & filings

revenue: 296910000; averageDilutedShares: No positive shares on the exact annual duration; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: No positive common shares on the exact fiscal-end date

revenue (2021-03-15)

Annual returns and cash generation (%)

Complete annual history, independent of chart loading and range. FCF margin and FCF / net income use matching annual totals. ROCE uses positive exact opening and closing capital-employed bases. Inputs, scopes and unavailable reasons are disclosed below. Missing inputs remain unavailable. Metric definitions.

Fiscal endFCF margin (%)FCF / net income (%)ROCE (%)Inputs & filing sources
2025-12-315.86243.8512.10
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":65258000,"capex":{"accession":"0001818383-26-000049","end":"2025-12-31","filed":"2026-02-23","form":"10-K","start":"2025-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001818383-26-000049","end":"2025-12-31","filed":"2026-02-23","form":"10-K","start":"2025-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":1113600000,"tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-23","accession":"0001818383-26-000049","form":"10-K"},"netIncome":{"value":26761000,"tag":"ProfitLoss","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-23","accession":"0001818383-26-000049","form":"10-K"},"operatingIncome":{"value":22120000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-23","accession":"0001818383-26-000049","form":"10-K"},"openingAssets":{"value":262447000,"tag":"Assets","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-23","accession":"0001818383-26-000049","form":"10-K"},"openingCurrentLiabilities":{"value":132954000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-23","accession":"0001818383-26-000049","form":"10-K"},"openingCapitalEmployed":{"value":129493000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":2378000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-23","accession":"0001818383-26-000049","form":"10-K"},"openingTotalEquity":{"value":-46232000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-23","accession":"0001818383-26-000049","form":"10-K"},"openingCash":{"value":43266000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-23","accession":"0001818383-26-000049","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2024-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":0,"tag":"PreferredStockSharesOutstanding","unit":"shares","start":null,"end":"2024-12-31","filed":"2026-02-23","accession":"0001818383-26-000049","form":"10-K"},"openingCommonEquity":{"value":2378000,"inputNames":["openingParentEquity","openingPreferredShares"]},"closingAssets":{"value":383831000,"tag":"Assets","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-02-23","accession":"0001818383-26-000049","form":"10-K"},"closingCurrentLiabilities":{"value":147647000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-02-23","accession":"0001818383-26-000049","form":"10-K"},"closingCapitalEmployed":{"value":236184000,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingParentEquity":{"value":4160000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-02-23","accession":"0001818383-26-000049","form":"10-K"},"closingTotalEquity":{"value":-29194000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-02-23","accession":"0001818383-26-000049","form":"10-K"},"closingCash":{"value":46876000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-02-23","accession":"0001818383-26-000049","form":"10-K"},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2025-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":0,"tag":"PreferredStockSharesOutstanding","unit":"shares","start":null,"end":"2025-12-31","filed":"2026-02-23","accession":"0001818383-26-000049","form":"10-K"},"closingCommonEquity":{"value":4160000,"inputNames":["closingParentEquity","closingPreferredShares"]},"commonNetIncome":{"value":25623000,"tag":"NetIncomeLossAvailableToCommonStockholdersBasic","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-23","accession":"0001818383-26-000049","form":"10-K"},"incomeTaxExpense":{"value":-137822000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-23","accession":"0001818383-26-000049","form":"10-K"},"pretaxIncome":{"value":-111061000,"tag":"IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-23","accession":"0001818383-26-000049","form":"10-K"},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Positive pretax income required"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Positive pretax income required"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":182838500,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":3269000,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: 5.860093390804598; cashConversion: 243.85486342064945; roce: 12.098108439962044

fcfMargin component 1 (2026-02-23) · fcfMargin component 2 (2026-02-23) · fcfMargin component 3 (2026-02-23)
cashConversion component 1 (2026-02-23) · cashConversion component 2 (2026-02-23) · cashConversion component 3 (2026-02-23)
roce component 1 (2026-02-23) · roce component 2 (2026-02-23) · roce component 3 (2026-02-23) · roce component 4 (2026-02-23) · roce component 5 (2026-02-23)
2024-12-315.28206.2541.95
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":45618000,"capex":{"accession":"0001818383-26-000049","end":"2024-12-31","filed":"2026-02-23","form":"10-K","start":"2024-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001818383-26-000049","end":"2024-12-31","filed":"2026-02-23","form":"10-K","start":"2024-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":864704000,"tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-02-23","accession":"0001818383-26-000049","form":"10-K"},"netIncome":{"value":22118000,"tag":"ProfitLoss","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-02-23","accession":"0001818383-26-000049","form":"10-K"},"operatingIncome":{"value":42725000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-02-23","accession":"0001818383-26-000049","form":"10-K"},"openingAssets":{"value":153925000,"tag":"Assets","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-24","accession":"0001818383-25-000022","form":"10-K"},"openingCurrentLiabilities":{"value":79721000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-24","accession":"0001818383-25-000022","form":"10-K"},"openingCapitalEmployed":{"value":74204000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":-10294000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-24","accession":"0001818383-25-000022","form":"10-K"},"openingTotalEquity":{"value":-94425000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2023-12-31","filed":"2026-02-23","accession":"0001818383-26-000049","form":"10-K"},"openingCash":{"value":17271000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-24","accession":"0001818383-25-000022","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2023-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":0,"tag":"PreferredStockSharesOutstanding","unit":"shares","start":null,"end":"2023-12-31","filed":"2025-02-24","accession":"0001818383-25-000022","form":"10-K"},"openingCommonEquity":{"value":-10294000,"inputNames":["openingParentEquity","openingPreferredShares"]},"closingAssets":{"value":262447000,"tag":"Assets","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-23","accession":"0001818383-26-000049","form":"10-K"},"closingCurrentLiabilities":{"value":132954000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-23","accession":"0001818383-26-000049","form":"10-K"},"closingCapitalEmployed":{"value":129493000,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingParentEquity":{"value":2378000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-23","accession":"0001818383-26-000049","form":"10-K"},"closingTotalEquity":{"value":-46232000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-23","accession":"0001818383-26-000049","form":"10-K"},"closingCash":{"value":43266000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-23","accession":"0001818383-26-000049","form":"10-K"},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2024-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":0,"tag":"PreferredStockSharesOutstanding","unit":"shares","start":null,"end":"2024-12-31","filed":"2026-02-23","accession":"0001818383-26-000049","form":"10-K"},"closingCommonEquity":{"value":2378000,"inputNames":["closingParentEquity","closingPreferredShares"]},"commonNetIncome":{"value":16629000,"tag":"NetIncomeLossAvailableToCommonStockholdersBasic","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-02-23","accession":"0001818383-26-000049","form":"10-K"},"incomeTaxExpense":{"value":1384000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-02-23","accession":"0001818383-26-000049","form":"10-K"},"pretaxIncome":{"value":23502000,"tag":"IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-02-23","accession":"0001818383-26-000049","form":"10-K"},"effectiveTaxRate":{"value":0.05888860522508722,"inputNames":["incomeTaxExpense","pretaxIncome"]},"nopat":{"value":40208984.34175815,"inputNames":["operatingIncome","effectiveTaxRate"]},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":101848500,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: 5.27556250462586; cashConversion: 206.2483045483317; roce: 41.949562340142464

fcfMargin component 1 (2026-02-23) · fcfMargin component 2 (2026-02-23) · fcfMargin component 3 (2026-02-23)
cashConversion component 1 (2026-02-23) · cashConversion component 2 (2026-02-23) · cashConversion component 3 (2026-02-23)
roce component 1 (2026-02-23) · roce component 2 (2025-02-24) · roce component 3 (2025-02-24) · roce component 4 (2026-02-23) · roce component 5 (2026-02-23)
2023-12-315.19Unavailable-47.70
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":20158000,"capex":{"accession":"0001818383-26-000049","end":"2023-12-31","filed":"2026-02-23","form":"10-K","start":"2023-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001818383-26-000049","end":"2023-12-31","filed":"2026-02-23","form":"10-K","start":"2023-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":388149000,"tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","start":"2023-01-01","end":"2023-12-31","filed":"2026-02-23","accession":"0001818383-26-000049","form":"10-K"},"netIncome":{"value":-56555000,"tag":"ProfitLoss","unit":"USD","start":"2023-01-01","end":"2023-12-31","filed":"2026-02-23","accession":"0001818383-26-000049","form":"10-K"},"operatingIncome":{"value":-39924000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2023-01-01","end":"2023-12-31","filed":"2026-02-23","accession":"0001818383-26-000049","form":"10-K"},"openingAssets":{"value":170081000,"tag":"Assets","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-02-22","accession":"0001818383-24-000011","form":"10-K"},"openingCurrentLiabilities":{"value":76892000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-02-22","accession":"0001818383-24-000011","form":"10-K"},"openingCapitalEmployed":{"value":93189000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":-15993000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-02-22","accession":"0001818383-24-000011","form":"10-K"},"openingTotalEquity":{"value":-86084000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2022-12-31","filed":"2026-02-23","accession":"0001818383-26-000049","form":"10-K"},"openingCash":{"value":14542000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-02-22","accession":"0001818383-24-000011","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2022-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":0,"tag":"PreferredStockSharesOutstanding","unit":"shares","start":null,"end":"2022-12-31","filed":"2024-02-22","accession":"0001818383-24-000011","form":"10-K"},"openingCommonEquity":{"value":-15993000,"inputNames":["openingParentEquity","openingPreferredShares"]},"closingAssets":{"value":153925000,"tag":"Assets","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-24","accession":"0001818383-25-000022","form":"10-K"},"closingCurrentLiabilities":{"value":79721000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-24","accession":"0001818383-25-000022","form":"10-K"},"closingCapitalEmployed":{"value":74204000,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingParentEquity":{"value":-10294000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-24","accession":"0001818383-25-000022","form":"10-K"},"closingTotalEquity":{"value":-94425000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2023-12-31","filed":"2026-02-23","accession":"0001818383-26-000049","form":"10-K"},"closingCash":{"value":17271000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-24","accession":"0001818383-25-000022","form":"10-K"},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2023-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":0,"tag":"PreferredStockSharesOutstanding","unit":"shares","start":null,"end":"2023-12-31","filed":"2025-02-24","accession":"0001818383-25-000022","form":"10-K"},"closingCommonEquity":{"value":-10294000,"inputNames":["closingParentEquity","closingPreferredShares"]},"commonNetIncome":{"value":-40420000,"tag":"NetIncomeLossAvailableToCommonStockholdersBasic","unit":"USD","start":"2023-01-01","end":"2023-12-31","filed":"2026-02-23","accession":"0001818383-26-000049","form":"10-K"},"incomeTaxExpense":{"value":-463000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2023-01-01","end":"2023-12-31","filed":"2026-02-23","accession":"0001818383-26-000049","form":"10-K"},"pretaxIncome":{"value":-57018000,"tag":"IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest","unit":"USD","start":"2023-01-01","end":"2023-12-31","filed":"2026-02-23","accession":"0001818383-26-000049","form":"10-K"},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Positive pretax income required"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Positive pretax income required"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":83696500,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: 5.19336646494001; cashConversion: Positive net income required; zero or negative denominator is unavailable; roce: -47.70091939328407

fcfMargin component 1 (2026-02-23) · fcfMargin component 2 (2026-02-23) · fcfMargin component 3 (2026-02-23)
cashConversion component 1 (2026-02-23) · cashConversion component 2 (2026-02-23) · cashConversion component 3 (2026-02-23)
roce component 1 (2026-02-23) · roce component 2 (2024-02-22) · roce component 3 (2024-02-22) · roce component 4 (2025-02-24) · roce component 5 (2025-02-24)
2022-12-316.14Unavailable-23.69
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":28176000,"capex":{"accession":"0001818383-25-000022","end":"2022-12-31","filed":"2025-02-24","form":"10-K","start":"2022-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001818383-25-000022","end":"2022-12-31","filed":"2025-02-24","form":"10-K","start":"2022-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":459072000,"tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","start":"2022-01-01","end":"2022-12-31","filed":"2025-02-24","accession":"0001818383-25-000022","form":"10-K"},"netIncome":{"value":-72446000,"tag":"ProfitLoss","unit":"USD","start":"2022-01-01","end":"2022-12-31","filed":"2025-02-24","accession":"0001818383-25-000022","form":"10-K"},"operatingIncome":{"value":-35390000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2022-01-01","end":"2022-12-31","filed":"2025-02-24","accession":"0001818383-25-000022","form":"10-K"},"openingAssets":{"value":289804000,"tag":"Assets","unit":"USD","start":null,"end":"2021-12-31","filed":"2023-02-27","accession":"0001818383-23-000033","form":"10-K"},"openingCurrentLiabilities":{"value":84216000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2021-12-31","filed":"2023-02-27","accession":"0001818383-23-000033","form":"10-K"},"openingCapitalEmployed":{"value":205588000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":-4337000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2021-12-31","filed":"2023-02-27","accession":"0001818383-23-000033","form":"10-K"},"openingTotalEquity":{"value":-61566000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2021-12-31","filed":"2025-02-24","accession":"0001818383-25-000022","form":"10-K"},"openingCash":{"value":50564000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2021-12-31","filed":"2023-02-27","accession":"0001818383-23-000033","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2021-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":0,"tag":"PreferredStockSharesOutstanding","unit":"shares","start":null,"end":"2021-12-31","filed":"2023-02-27","accession":"0001818383-23-000033","form":"10-K"},"openingCommonEquity":{"value":-4337000,"inputNames":["openingParentEquity","openingPreferredShares"]},"closingAssets":{"value":170081000,"tag":"Assets","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-02-22","accession":"0001818383-24-000011","form":"10-K"},"closingCurrentLiabilities":{"value":76892000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-02-22","accession":"0001818383-24-000011","form":"10-K"},"closingCapitalEmployed":{"value":93189000,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingParentEquity":{"value":-15993000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-02-22","accession":"0001818383-24-000011","form":"10-K"},"closingTotalEquity":{"value":-86084000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2022-12-31","filed":"2026-02-23","accession":"0001818383-26-000049","form":"10-K"},"closingCash":{"value":14542000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-02-22","accession":"0001818383-24-000011","form":"10-K"},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2022-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":0,"tag":"PreferredStockSharesOutstanding","unit":"shares","start":null,"end":"2022-12-31","filed":"2024-02-22","accession":"0001818383-24-000011","form":"10-K"},"closingCommonEquity":{"value":-15993000,"inputNames":["closingParentEquity","closingPreferredShares"]},"commonNetIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"parentNetIncome":{"value":-57666000,"tag":"NetIncomeLoss","unit":"USD","start":"2022-01-01","end":"2022-12-31","filed":"2025-02-24","accession":"0001818383-25-000022","form":"10-K"},"preferredDividends":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"incomeTaxExpense":{"value":102905000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2022-01-01","end":"2022-12-31","filed":"2025-02-24","accession":"0001818383-25-000022","form":"10-K"},"pretaxIncome":{"value":30459000,"tag":"IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest","unit":"USD","start":"2022-01-01","end":"2022-12-31","filed":"2025-02-24","accession":"0001818383-25-000022","form":"10-K"},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Effective tax rate outside 0–100% or nonfinite; no clamping"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Effective tax rate outside 0–100% or nonfinite; no clamping"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":149388500,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: 6.137599330823923; cashConversion: Positive net income required; zero or negative denominator is unavailable; roce: -23.68990919649103

fcfMargin component 1 (2025-02-24) · fcfMargin component 2 (2025-02-24) · fcfMargin component 3 (2025-02-24)
cashConversion component 1 (2025-02-24) · cashConversion component 2 (2025-02-24) · cashConversion component 3 (2025-02-24)
roce component 1 (2025-02-24) · roce component 2 (2023-02-27) · roce component 3 (2023-02-27) · roce component 4 (2024-02-22) · roce component 5 (2024-02-22)
2021-12-314.33Unavailable1.39
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":27971000,"capex":{"accession":"0001818383-23-000033","end":"2021-12-31","filed":"2023-02-27","form":"10-K","start":"2021-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001818383-24-000011","end":"2021-12-31","filed":"2024-02-22","form":"10-K","start":"2021-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":645274000,"tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","start":"2021-01-01","end":"2021-12-31","filed":"2024-02-22","accession":"0001818383-24-000011","form":"10-K"},"netIncome":{"value":-8475000,"tag":"ProfitLoss","unit":"USD","start":"2021-01-01","end":"2021-12-31","filed":"2024-02-22","accession":"0001818383-24-000011","form":"10-K"},"operatingIncome":{"value":2149000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2021-01-01","end":"2021-12-31","filed":"2024-02-22","accession":"0001818383-24-000011","form":"10-K"},"openingAssets":{"value":210337000,"tag":"Assets","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-02-28","accession":"0001818383-22-000023","form":"10-K"},"openingCurrentLiabilities":{"value":107455000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-02-28","accession":"0001818383-22-000023","form":"10-K"},"openingCapitalEmployed":{"value":102882000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":-33773000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-02-28","accession":"0001818383-22-000023","form":"10-K"},"openingTotalEquity":{"value":-105118000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2020-12-31","filed":"2024-02-22","accession":"0001818383-24-000011","form":"10-K"},"openingCash":{"value":23554000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-02-28","accession":"0001818383-22-000023","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2020-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":0,"tag":"PreferredStockSharesOutstanding","unit":"shares","start":null,"end":"2020-12-31","filed":"2022-02-28","accession":"0001818383-22-000023","form":"10-K"},"openingCommonEquity":{"value":-33773000,"inputNames":["openingParentEquity","openingPreferredShares"]},"closingAssets":{"value":289804000,"tag":"Assets","unit":"USD","start":null,"end":"2021-12-31","filed":"2023-02-27","accession":"0001818383-23-000033","form":"10-K"},"closingCurrentLiabilities":{"value":84216000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2021-12-31","filed":"2023-02-27","accession":"0001818383-23-000033","form":"10-K"},"closingCapitalEmployed":{"value":205588000,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingParentEquity":{"value":-4337000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2021-12-31","filed":"2023-02-27","accession":"0001818383-23-000033","form":"10-K"},"closingTotalEquity":{"value":-61566000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2021-12-31","filed":"2025-02-24","accession":"0001818383-25-000022","form":"10-K"},"closingCash":{"value":50564000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2021-12-31","filed":"2023-02-27","accession":"0001818383-23-000033","form":"10-K"},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2021-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":0,"tag":"PreferredStockSharesOutstanding","unit":"shares","start":null,"end":"2021-12-31","filed":"2023-02-27","accession":"0001818383-23-000033","form":"10-K"},"closingCommonEquity":{"value":-4337000,"inputNames":["closingParentEquity","closingPreferredShares"]},"commonNetIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"parentNetIncome":{"value":-5275000,"tag":"NetIncomeLoss","unit":"USD","start":"2021-01-01","end":"2021-12-31","filed":"2024-02-22","accession":"0001818383-24-000011","form":"10-K"},"preferredDividends":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"incomeTaxExpense":{"value":-1047000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2021-01-01","end":"2021-12-31","filed":"2024-02-22","accession":"0001818383-24-000011","form":"10-K"},"pretaxIncome":{"value":-9522000,"tag":"IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest","unit":"USD","start":"2021-01-01","end":"2021-12-31","filed":"2024-02-22","accession":"0001818383-24-000011","form":"10-K"},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Positive pretax income required"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Positive pretax income required"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":154235000,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{"fcfMargin":{"fcfTotal":{"value":27971000,"ocf":{"tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD","start":"2021-01-01","end":"2021-12-31","filed":"2023-02-27","accession":"0001818383-23-000033","form":"10-K"},"capex":{"tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD","start":"2021-01-01","end":"2021-12-31","filed":"2023-02-27","accession":"0001818383-23-000033","form":"10-K"}},"revenue":{"value":645274000,"tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","start":"2021-01-01","end":"2021-12-31","filed":"2023-02-27","accession":"0001818383-23-000033","form":"10-K"}}}}; fcfMargin: 4.33474771957339; cashConversion: Positive net income required; zero or negative denominator is unavailable; roce: 1.3933283625636204

fcfMargin component 1 (2023-02-27) · fcfMargin component 2 (2023-02-27) · fcfMargin component 3 (2023-02-27)
cashConversion component 1 (2024-02-22) · cashConversion component 2 (2023-02-27) · cashConversion component 3 (2024-02-22)
roce component 1 (2024-02-22) · roce component 2 (2022-02-28) · roce component 3 (2022-02-28) · roce component 4 (2023-02-27) · roce component 5 (2023-02-27)
2020-12-318.74483.9424.36
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":51114000,"capex":{"accession":"0001818383-23-000033","end":"2020-12-31","filed":"2023-02-27","form":"10-K","start":"2020-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001818383-23-000033","end":"2020-12-31","filed":"2023-02-27","form":"10-K","start":"2020-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":584814000,"tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","start":"2020-01-01","end":"2020-12-31","filed":"2023-02-27","accession":"0001818383-23-000033","form":"10-K"},"netIncome":{"value":10562000,"tag":"ProfitLoss","unit":"USD","start":"2020-01-01","end":"2020-12-31","filed":"2023-02-27","accession":"0001818383-23-000033","form":"10-K"},"operatingIncome":{"value":19535000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2020-01-01","end":"2020-12-31","filed":"2023-02-27","accession":"0001818383-23-000033","form":"10-K"},"openingAssets":{"value":105397000,"tag":"Assets","unit":"USD","start":null,"end":"2019-12-31","filed":"2021-03-15","accession":"0001564590-21-013026","form":"10-K"},"openingCurrentLiabilities":{"value":47912000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2019-12-31","filed":"2021-03-15","accession":"0001564590-21-013026","form":"10-K"},"openingCapitalEmployed":{"value":57485000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":-113596000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2019-12-31","filed":"2021-03-15","accession":"0001564590-21-013026","form":"10-K"},"openingTotalEquity":{"value":-113596000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2019-12-31","filed":"2023-02-27","accession":"0001818383-23-000033","form":"10-K"},"openingCash":{"value":10028000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2019-12-31","filed":"2021-03-15","accession":"0001564590-21-013026","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2019-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCommonEquity":{"value":null,"inputNames":["openingParentEquity","openingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"closingAssets":{"value":210337000,"tag":"Assets","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-02-28","accession":"0001818383-22-000023","form":"10-K"},"closingCurrentLiabilities":{"value":107455000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-02-28","accession":"0001818383-22-000023","form":"10-K"},"closingCapitalEmployed":{"value":102882000,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingParentEquity":{"value":-33773000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-02-28","accession":"0001818383-22-000023","form":"10-K"},"closingTotalEquity":{"value":-105118000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2020-12-31","filed":"2024-02-22","accession":"0001818383-24-000011","form":"10-K"},"closingCash":{"value":23554000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-02-28","accession":"0001818383-22-000023","form":"10-K"},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2020-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":0,"tag":"PreferredStockSharesOutstanding","unit":"shares","start":null,"end":"2020-12-31","filed":"2022-02-28","accession":"0001818383-22-000023","form":"10-K"},"closingCommonEquity":{"value":-33773000,"inputNames":["closingParentEquity","closingPreferredShares"]},"commonNetIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"parentNetIncome":{"value":-4366000,"tag":"NetIncomeLoss","unit":"USD","start":"2020-01-01","end":"2020-12-31","filed":"2023-02-27","accession":"0001818383-23-000033","form":"10-K"},"preferredDividends":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"incomeTaxExpense":{"value":-1267000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2020-01-01","end":"2020-12-31","filed":"2023-02-27","accession":"0001818383-23-000033","form":"10-K"},"pretaxIncome":{"value":9295000,"tag":"IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest","unit":"USD","start":"2020-01-01","end":"2020-12-31","filed":"2023-02-27","accession":"0001818383-23-000033","form":"10-K"},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Effective tax rate outside 0–100% or nonfinite; no clamping"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Effective tax rate outside 0–100% or nonfinite; no clamping"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":80183500,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: 8.740214837538089; cashConversion: 483.94243514485896; roce: 24.362867672276714

fcfMargin component 1 (2023-02-27) · fcfMargin component 2 (2023-02-27) · fcfMargin component 3 (2023-02-27)
cashConversion component 1 (2023-02-27) · cashConversion component 2 (2023-02-27) · cashConversion component 3 (2023-02-27)
roce component 1 (2023-02-27) · roce component 2 (2021-03-15) · roce component 3 (2021-03-15) · roce component 4 (2022-02-28) · roce component 5 (2022-02-28)
2019-12-315.39123.44Unavailable
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":21997000,"capex":{"accession":"0001818383-22-000023","end":"2019-12-31","filed":"2022-02-28","form":"10-K","start":"2019-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001818383-22-000023","end":"2019-12-31","filed":"2022-02-28","form":"10-K","start":"2019-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":408005000,"tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","start":"2019-01-01","end":"2019-12-31","filed":"2022-02-28","accession":"0001818383-22-000023","form":"10-K"},"netIncome":{"value":17820000,"tag":"ProfitLoss","unit":"USD","start":"2019-01-01","end":"2019-12-31","filed":"2022-02-28","accession":"0001818383-22-000023","form":"10-K"},"operatingIncome":{"value":24841000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2019-01-01","end":"2019-12-31","filed":"2022-02-28","accession":"0001818383-22-000023","form":"10-K"},"openingAssets":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCurrentLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCapitalEmployed":{"value":null,"inputNames":["openingAssets","openingCurrentLiabilities"],"reason":"Exact assets/current-liabilities balance missing, conflicting or from different filings at 2018-12-31"},"openingParentEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingTotalEquity":{"value":40480000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2018-12-31","filed":"2022-02-28","accession":"0001818383-22-000023","form":"10-K"},"openingCash":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2018-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCommonEquity":{"value":null,"inputNames":["openingParentEquity","openingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"closingAssets":{"value":105397000,"tag":"Assets","unit":"USD","start":null,"end":"2019-12-31","filed":"2021-03-15","accession":"0001564590-21-013026","form":"10-K"},"closingCurrentLiabilities":{"value":47912000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2019-12-31","filed":"2021-03-15","accession":"0001564590-21-013026","form":"10-K"},"closingCapitalEmployed":{"value":57485000,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingParentEquity":{"value":-113596000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2019-12-31","filed":"2021-03-15","accession":"0001564590-21-013026","form":"10-K"},"closingTotalEquity":{"value":-113596000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2019-12-31","filed":"2023-02-27","accession":"0001818383-23-000033","form":"10-K"},"closingCash":{"value":10028000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2019-12-31","filed":"2021-03-15","accession":"0001564590-21-013026","form":"10-K"},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2019-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCommonEquity":{"value":null,"inputNames":["closingParentEquity","closingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"commonNetIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"parentNetIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"preferredDividends":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"incomeTaxExpense":{"value":0,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2019-01-01","end":"2019-12-31","filed":"2022-02-28","accession":"0001818383-22-000023","form":"10-K"},"pretaxIncome":{"value":17820000,"tag":"IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest","unit":"USD","start":"2019-01-01","end":"2019-12-31","filed":"2022-02-28","accession":"0001818383-22-000023","form":"10-K"},"effectiveTaxRate":{"value":0,"inputNames":["incomeTaxExpense","pretaxIncome"]},"nopat":{"value":24841000,"inputNames":["operatingIncome","effectiveTaxRate"]},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":null,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: 5.391355498094386; cashConversion: 123.43995510662178; roce: matching numerator and positive exact opening/closing CapitalEmployed required; ambiguous scopes remain unavailable; unavailable: openingCapitalEmployed; Exact assets/current-liabilities balance missing, conflicting or from different filings at 2018-12-31

fcfMargin component 1 (2022-02-28) · fcfMargin component 2 (2022-02-28) · fcfMargin component 3 (2022-02-28)
cashConversion component 1 (2022-02-28) · cashConversion component 2 (2022-02-28) · cashConversion component 3 (2022-02-28)
roce component 1 (2022-02-28) · roce component 2 (2021-03-15) · roce component 3 (2021-03-15)
2018-12-317.42121.48Unavailable
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":22019000,"capex":{"accession":"0001564590-21-013026","end":"2018-12-31","filed":"2021-03-15","form":"10-K","start":"2018-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001564590-21-013026","end":"2018-12-31","filed":"2021-03-15","form":"10-K","start":"2018-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":296910000,"tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","start":"2018-01-01","end":"2018-12-31","filed":"2021-03-15","accession":"0001564590-21-013026","form":"10-K"},"netIncome":{"value":18125000,"tag":"ProfitLoss","unit":"USD","start":"2018-01-01","end":"2018-12-31","filed":"2021-03-15","accession":"0001564590-21-013026","form":"10-K"},"operatingIncome":{"value":19319000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2018-01-01","end":"2018-12-31","filed":"2021-03-15","accession":"0001564590-21-013026","form":"10-K"},"openingAssets":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCurrentLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCapitalEmployed":{"value":null,"inputNames":["openingAssets","openingCurrentLiabilities"],"reason":"Exact assets/current-liabilities balance missing, conflicting or from different filings at 2017-12-31"},"openingParentEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingTotalEquity":{"value":37409000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2017-12-31","filed":"2021-03-15","accession":"0001564590-21-013026","form":"10-K"},"openingCash":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2017-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCommonEquity":{"value":null,"inputNames":["openingParentEquity","openingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"closingAssets":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCurrentLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCapitalEmployed":{"value":null,"inputNames":["closingAssets","closingCurrentLiabilities"],"reason":"Exact assets/current-liabilities balance missing, conflicting or from different filings at 2018-12-31"},"closingParentEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingTotalEquity":{"value":40480000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2018-12-31","filed":"2022-02-28","accession":"0001818383-22-000023","form":"10-K"},"closingCash":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2018-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCommonEquity":{"value":null,"inputNames":["closingParentEquity","closingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"commonNetIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"parentNetIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"preferredDividends":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"incomeTaxExpense":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"pretaxIncome":{"value":18125000,"tag":"IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest","unit":"USD","start":"2018-01-01","end":"2018-12-31","filed":"2021-03-15","accession":"0001564590-21-013026","form":"10-K"},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":null,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: 7.4160520022902565; cashConversion: 121.48413793103447; roce: matching numerator and positive exact opening/closing CapitalEmployed required; ambiguous scopes remain unavailable; unavailable: openingCapitalEmployed, closingCapitalEmployed; Exact assets/current-liabilities balance missing, conflicting or from different filings at 2017-12-31; Exact assets/current-liabilities balance missing, conflicting or from different filings at 2018-12-31

fcfMargin component 1 (2021-03-15) · fcfMargin component 2 (2021-03-15) · fcfMargin component 3 (2021-03-15)
cashConversion component 1 (2021-03-15) · cashConversion component 2 (2021-03-15) · cashConversion component 3 (2021-03-15)
roce component 1 (2021-03-15)

Annual operating facts

Complete annual history, independent of chart loading and range. Operating margin is operating profit as a percentage of revenue; net margin is consolidated net profit as a percentage of revenue. Negative margins show losses. Missing inputs remain unavailable. Metric definitions.

Fiscal endRevenue (USD)Operating margin (%)Net margin (%)Inputs & filing sources
2025-12-311,113,600,000.001.992.40
Inputs & filings

revenue: 1113600000; operatingIncome: 22120000; netIncome: 26761000

revenue (2026-02-23)
operatingIncome (2026-02-23)
netIncome (2026-02-23)
2024-12-31864,704,000.004.942.56
Inputs & filings

revenue: 864704000; operatingIncome: 42725000; netIncome: 22118000

revenue (2026-02-23)
operatingIncome (2026-02-23)
netIncome (2026-02-23)
2023-12-31388,149,000.00-10.29-14.57
Inputs & filings

revenue: 388149000; operatingIncome: -39924000; netIncome: -56555000

revenue (2026-02-23)
operatingIncome (2026-02-23)
netIncome (2026-02-23)
2022-12-31459,072,000.00-7.71-15.78
Inputs & filings

revenue: 459072000; operatingIncome: -35390000; netIncome: -72446000

revenue (2025-02-24)
operatingIncome (2025-02-24)
netIncome (2025-02-24)
2021-12-31645,274,000.000.33-1.31
Inputs & filings

revenue: 645274000; operatingIncome: 2149000; netIncome: -8475000

revenue (2024-02-22)
operatingIncome (2024-02-22)
netIncome (2024-02-22)
2020-12-31584,814,000.003.341.81
Inputs & filings

revenue: 584814000; operatingIncome: 19535000; netIncome: 10562000

revenue (2023-02-27)
operatingIncome (2023-02-27)
netIncome (2023-02-27)
2019-12-31408,005,000.006.094.37
Inputs & filings

revenue: 408005000; operatingIncome: 24841000; netIncome: 17820000

revenue (2022-02-28)
operatingIncome (2022-02-28)
netIncome (2022-02-28)
2018-12-31296,910,000.006.516.10
Inputs & filings

revenue: 296910000; operatingIncome: 19319000; netIncome: 18125000

revenue (2021-03-15)
operatingIncome (2021-03-15)
netIncome (2021-03-15)

MediaAlpha, Inc. (MAX) P/E ratio history

The interactive P/E chart contains all 311 stored weekly price points (2020-10-30–2026-10-08); 93 have an eligible basic or diluted ratio. Annual EPS is carried forward from its fiscal end. Use the P/E range bar or any other chart range bar to change all five chart windows.

Fiscal-year-end snapshots

2 eligible fiscal-year-end observations span 2024-12-31–2025-12-31. Latest eligible diluted P/E: 32.54×; basic P/E: 27.59×, for fiscal end 2025-12-31, using the close on 2025-12-26.

Annual P/E = eligible fiscal-year-end close ÷ reported annual EPS. This is retrospective annual P/E, not TTM or forward P/E. Why we use annual data. Missing or non-positive EPS and missing eligible prices produce unavailable ratios.

Explore the P/E chart and optional reference lines · How P/E history is calculated.

Complete annual P/E history (8 fiscal periods)
Full stored fiscal-year-end P/E history, independent of the selected chart window. Ratios in ×; prices in USD.
Fiscal endPrice dateClosePrice basisBasic P/EDiluted P/EEPS filings
2025-12-312025-12-2612.69Adjusted close27.5932.54Basic EPS (2026-02-23) Diluted EPS (2026-02-23)
2024-12-312024-12-2711.14Adjusted close35.9435.94Basic EPS (2026-02-23) Diluted EPS (2026-02-23)
2023-12-312023-12-2911.15Adjusted closeUnavailableUnavailableBasic EPS (2026-02-23) Diluted EPS (2026-02-23)
2022-12-312022-12-309.95Adjusted closeUnavailableUnavailableBasic EPS (2025-02-24) Diluted EPS (2025-02-24)
2021-12-312021-12-3115.44Adjusted closeUnavailableUnavailableBasic EPS (2024-02-22) Diluted EPS (2024-02-22)
2020-12-312020-12-3139.07Adjusted closeUnavailableUnavailableBasic EPS (2023-02-27) Diluted EPS (2023-02-27)
2019-12-31UnavailableUnavailableUnavailableUnavailableUnavailable Source unavailable
2018-12-31UnavailableUnavailableUnavailableUnavailableUnavailable Source unavailable

Did this research save you time?

I build and maintain Stock Value Lens independently. If you found it useful, a coffee helps me maintain the tools and improve data updates.

Buy me a coffee · €5 (opens Buy Me a Coffee in a new tab)