stockrow
Monday 2 November 2026
Export MAX’s income statement to Excel — free account
MediaAlpha, Inc.
MAX Communication Services Internet Content & Information
MediaAlpha, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.1 billion, up 28.8% from fiscal 2024.
- Revenue
- +22.7%
- EPS
- +112.7%
- Free cash flow
- +63.7%
- Total debt
- +12.4%
Quarter to September 2026, against a year earlier
14.95
0.20
+1.36%
Follow MAX
Alert me
| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | |
|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
4 | 7 | 5 | 2 | 6 | — | — | — | — |
P/E ratio |
28.78 | 37.63 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
Altman Z-Score |
2.48 | 2.56 | (1.90) | (0.95) | 1.40 | 2.80 | — | — | — |
P/S ratio |
0.65 | 0.69 | 1.29 | 0.94 | 0.89 | 2.22 | 0.00 | 0.00 | — |
P/FCF ratio |
11.16 | 13.13 | 24.91 | 15.30 | 20.58 | 25.35 | 17.28 | 17.28 | — |
Altman Z″-Score (non-manufacturers) |
(3.31) | (3.92) | (13.43) | (10.86) | (3.71) | (5.58) | (3.72) | — | — |
Beneish M-Score |
(2.85) | (1.41) | (5.02) | (5.67) | (3.25) | (2.79) | — | — | — |
P/Operating CF |
(97.79) | 41.22 | 94.86 | (64.55) | 26.23 | 107.01 | 70,451.17 | 70,451.17 | — |
P/B ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
Dividend Safety Score |
52 | — | — | — | — | — | — | — | — |
Price to Tangible BV |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
EV/Sales |
0.75 | 0.83 | 1.70 | 1.31 | 1.10 | 2.49 | 0.00 | 0.00 | — |
EV/EBITDA |
32.08 | 14.31 | 0.00 | 0.00 | 106.50 | 59.99 | 0.00 | 0.00 | — |
EV/Operating CF |
12.73 | 15.65 | 32.59 | 21.21 | 24.87 | 28.30 | 18.61 | 18.61 | — |
EV/FCF |
12.79 | 15.74 | 32.70 | 21.28 | 25.45 | 28.47 | 18.70 | 18.70 | — |
Quick Ratio |
1.15 | 1.40 | 0.89 | 0.97 | 1.50 | 1.12 | 1.38 | 1.28 | — |
Current Ratio |
1.18 | 1.43 | 0.94 | 1.05 | 1.63 | 1.19 | 1.41 | 1.32 | — |
Net Debt/EBITDA |
4.09 | 2.38 | (4.93) | (5.93) | 20.38 | 6.56 | 2.81 | 0.27 | — |
Debt/Assets |
39.97% | 61.90% | 113.24% | 107.64% | 64.46% | 86.85% | 92.54% | 0.00% | 0.00% |
Debt/Equity |
(5.25) | (3.51) | (1.85) | (2.13) | (3.03) | (1.74) | (0.86) | 0.00 | — |
Asset Turnover |
3.45 | 4.15 | 2.40 | 2.00 | 2.58 | 3.70 | 7.74 | 0.00 | — |
Operating CF/Net income |
2.56 | 2.76 | (0.50) | (0.49) | (5.43) | (11.78) | 1.24 | 1.25 | — |
Capex/Depreciation |
(0.09) | (0.09) | (0.01) | (0.01) | (0.14) | (0.06) | (0.05) | (0.05) | — |
Interest Coverage |
1.97 | 2.98 | (2.61) | (3.83) | 0.27 | 2.46 | 3.54 | 16.18 | — |
| (67.94%) | (23.64%) | 44.78% | 78.11% | 6.33% | 3.99% | (48.74%) | 3,695.21% | — | |
| 7.93% | 7.99% | (24.95%) | (25.08%) | (2.11%) | (2.77%) | 33.82% | 0.00% | — | |
ROIC |
17.88% | 36.61% | (39.86%) | (26.83%) | 1.80% | 22.61% | 0.00% | 140.61% | — |
Return on Tangible Assets |
95.88% | 29.20% | 785.16% | (1,634.52%) | (9.97%) | (21.46%) | 87.65% | 157.29% | — |
Average Days of Receivables |
40.32 | 60.33 | 50.57 | 47.70 | 43.04 | 60.10 | 50.11 | 45.67 | — |
Research and Development Expense of Revenue |
1.92% | 2.29% | 4.76% | 4.59% | 2.35% | 2.13% | 1.73% | 3.48% | — |
Selling, General and Administrative Expense of Revenue |
9.93% | 9.38% | 22.72% | 18.38% | 13.05% | 9.13% | 8.14% | 6.60% | — |
Intangible Assets out of Total Assets |
0.13 | 0.26 | 0.48 | 0.47 | 0.11 | 0.16 | 0.35 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
2.72% | 3.94% | 13.74% | 12.74% | 7.08% | 4.23% | 0.57% | 0.28% | — |
Graham Net Nets |
(0.33) | (0.20) | (0.35) | (0.41) | (0.37) | (0.14) | 0.06 | 0.06 | — |
Graham Number |
0.00 | 0.00 | 6.44 | 7.92 | 2.28 | 0.00 | 0.00 | 0.00 | — |
Earnings Yield |
3.47% | 2.66% | (8.08%) | (13.23%) | (0.91%) | (1.79%) | (0.94%) | (0.94%) | — |
Free Cash Flow Yield |
8.96% | 7.62% | 4.01% | 6.53% | 4.86% | 3.94% | 5.79% | 5.79% | — |
Revenue per Share |
19.80 | 16.30 | 8.52 | 10.94 | 17.31 | 18.20 | 12.30 | 8.95 | — |
Operating CF per Share |
1.17 | 0.86 | 0.44 | 0.67 | 0.77 | 1.60 | 0.67 | 0.68 | — |
Capex per Share |
(0.01) | (0.01) | 0.00 | 0.00 | (0.02) | (0.01) | (0.01) | (0.02) | — |
Free Cash Flow per Share |
1.16 | 0.85 | 0.44 | 0.67 | 0.75 | 1.59 | 0.66 | 0.66 | — |
Cash per Share |
0.83 | 0.82 | 0.38 | 0.35 | 1.36 | 0.73 | 0.30 | 0.17 | — |
Shareholders Equity per Share |
(0.52) | (0.87) | (2.07) | (2.05) | (1.65) | (3.27) | (3.42) | 0.00 | — |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
Book value per Share |
(0.52) | (0.87) | (2.07) | (2.05) | (1.65) | (3.27) | (3.42) | 0.00 | — |
Free Cash Flow |
65.26 | 45.22 | 20.16 | 28.18 | 27.97 | 51.11 | 21.85 | 22.01 | — |
Working Capital |
26.73 | 56.96 | (5.15) | 3.53 | 52.89 | 20.34 | 19.58 | 10.64 | — |
Capital Expenditures |
(0.34) | (0.65) | (0.07) | (0.10) | (0.65) | (0.30) | (0.29) | (0.64) | — |
Net Current Asset Value |
(238.65) | (118.77) | (173.78) | (175.74) | (214.26) | (187.66) | (151.50) | 44.10 | — |
EV/EBIT |
37.74 | 16.81 | 0.00 | 0.00 | 331.25 | 74.48 | 0.00 | 0.00 | — |
Capex to Sales |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
Price to Operating Income |
32.93 | 14.02 | 0.00 | 0.00 | 267.85 | 66.34 | 0.00 | 0.00 | — |
| Other line items | |||||||||
Depreciation/Fixed assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 8.37 | 13.59 | — |
Cash ROIC |
38.14% | 28.35% | 20.75% | 25.26% | 15.91% | 50.56% | (362.34%) | 110.54% | — |
Accounts Receivable Turnover |
8.37 | 8.79 | 6.82 | 6.75 | 7.49 | 7.68 | 8.76 | 6.37 | — |
Accounts Payable Turnover |
9.62 | 8.91 | 5.83 | 6.72 | 6.80 | 7.20 | 10.16 | 7.34 | — |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
Average Days of Payables |
35.15 | 53.43 | 63.91 | 50.66 | 41.46 | 71.80 | 43.06 | 39.81 | — |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
Average Receivables |
132.98 | 98.35 | 56.89 | 68.05 | 86.19 | 76.15 | 46.58 | 46.58 | — |
Average Payables |
98.33 | 80.92 | 55.14 | 57.88 | 80.01 | 69.35 | 33.73 | 33.73 | — |
Average Assets |
323.14 | 208.19 | 162.00 | 229.94 | 250.07 | 157.87 | 52.70 | 0.00 | — |
Average Common Equity |
(37.71) | (70.33) | (90.25) | (73.82) | (83.34) | (109.36) | (36.56) | 0.49 | — |
Columns are period end dates · fundamentals updated 2 Nov 2026