Merchants Bancorp

MBIN Financial Banks Regional

Merchants Bancorp’s revenue for fiscal 2025 (year ended December 2025) was $1.4 billion, down 5.90% from fiscal 2024.

Revenue
+13.7%
EPS
+136.0%
Free cash flow
+267.7%
Total debt
+3.96%

Quarter to September 2026, against a year earlier

52.14 1.29 −2.41%
Market cap
$2.4B
P/E
8.3×
Fwd P/E
8.4×
Dividend yield
0.82%
F-score
3/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Merchants Bancorp (MBIN) Current ratio

Alert me on Current ratio

Merchants Bancorp's current ratio at the end of the quarter to 30 September 2026 was 1.1×, down 0.1× from fiscal 2025 (1.2×). Over the past ten years it has ranged from 0.9× (fiscal 2016) to 1.2× (fiscal 2024); the current reading is higher than 82% of that period. That is above the Banks Regional industry median of 0.9× and above the Financial sector median of 1.0×.

Current ratio, annual

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Annual newest first

Period Current ratio Change
FY2025 1.2× (5.90%)
FY2024 1.2× 24.18%
FY2023 1.0× (5.93%)
FY2022 1.1× (6.35%)
FY2021 1.1× (5.03%)
FY2020 1.2× 15.24%
FY2019 1.0× (2.15%)
FY2018 1.1× 7.60%
FY2017 1.0× 3.48%
FY2016 0.9× (0.81%)

Quarterly newest first

Period Current ratio Change
Sep 2026 1.1× (8.79%)
Jun 2026 1.2× (3.52%)
Mar 2026 1.3× 8.36%
Dec 2025 1.2× 5.41%
34 more quarters

Against its own ten years

Low 0.9× High 1.2×
Ten-year median 1.1×
Current reading's percentile 82

Current ratio against peers

What Current ratio is

Current Ratio shows whether a company’s short-term assets are enough to cover the bills and debts it must pay within the next year.

Current Assets (Total) ÷ Current Liabilities (Total)

The full definition of Current ratio →

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