Saturday 17 October 2026 Export MBIN’s income statement to Excel — free account

Merchants Bancorp

Merchants Bancorp’s revenue for fiscal 2025 (year ended December 2025) was $1.4 billion, down 5.90% from fiscal 2024. In the quarter to June 2026, revenue fell 4.26%, EPS grew 146.7%, free cash flow grew 267.7% and total debt rose 6.81%, each against the same quarter a year earlier. Dividend growth for five consecutive years.

48.77 0.18 −0.37%

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Market cap: $2.3B
P/E: 9.8×
Fwd P/E: 9.1×
Dividend yield: 0.88%
F-score: 3/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

	Jun '26	Mar '26	Dec '25	Sep '25	Older periods
Piotroski F-Score Full definition →	5	3	3	4	+8 more TTM periods Free account
ROE Full definition →	13.16%	11.12%	10.52%	12.62%
ROA Full definition →	1.13%	0.96%	0.91%	1.05%
ROIC Full definition →	3.17%	2.42%	2.79%	4.39%
Return on Tangible Assets Full definition →	7.39%	5.55%	8.06%	13.61%
Average Days of Receivables Full definition →	0.00	0.00	0.00	0.00
Free Cash Flow per Share Full definition →	(16.98)	(24.31)	(8.21)	0.23
Free Cash Flow Full definition →	(779.85)	(1,116.44)	(376.67)	10.33
Capital Expenditures Full definition →	(27.71)	(29.83)	(35.42)	(36.34)
Other line items
Cash ROIC Full definition →	(11.15%)	(15.53%)	(5.94%)	0.18%
Accounts Receivable Turnover Full definition →	0.00	0.00	0.00	0.00
Accounts Payable Turnover Full definition →	0.05	0.05	0.05	0.05
Inventory Turnover Full definition →	0.00	0.00	0.00	0.00
Average Days of Payables Full definition →	8,097.74	7,155.70	6,961.23	7,254.24
Days of Inventory on Hand Full definition →	0.00	0.00	0.00	0.00
Tax Rate Full definition →	(0.17)	(0.16)	(0.17)	(0.22)
Research and Development Expense of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →	28.85%	32.02%	30.59%	26.75%
Share Based Compensation of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%
Operating CF/Net income Full definition →	(3.29)	(5.77)	(1.97)	0.23
Depreciation/Fixed assets Full definition →	0.06	0.06	0.05	0.04
Capex/Depreciation Full definition →	(5.91)	(7.34)	(10.22)	(11.86)
Revenue per Share Full definition →	29.53	29.86	29.76	30.31
Operating CF per Share Full definition →	(16.37)	(23.66)	(7.44)	1.02
Capex per Share Full definition →	(0.60)	(0.65)	(0.77)	(0.79)
Capex to Sales Full definition →	0.02	0.02	0.03	0.03

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Columns are period end dates

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