Thursday 15 October 2026
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MercadoLibre, Inc.
MELI Consumer Cyclical Internet Retail
MercadoLibre, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $28.9 billion, up 39.1% from fiscal 2024. In the quarter to June 2026, revenue grew 49.8%, EPS fell 10.9%, free cash flow grew 22.5% and total debt rose 45.5%, each against the same quarter a year earlier. Member of the Nasdaq 100; revenue growth for ten consecutive years, operating cash flow growth for three; insiders bought in the last twelve months.
1,855.54
16.43
+0.89%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
52.28 | 1,008.06 | 0.00 | 0.00 | 0.00 | 797.87 | 86.23 | 77.74 | 45.10 | 51.12 |
Piotroski F-Score |
6 | 6 | 2 | 4 | 5 | 5 | 7 | 8 | 6 | 5 |
P/S ratio |
8.42 | 11.71 | 9.06 | 12.13 | 20.97 | 9.50 | 3.86 | 5.09 | 4.15 | 3.53 |
Altman Z-Score |
6.28 | 7.70 | 5.15 | 6.95 | 11.31 | 5.88 | 3.49 | 4.89 | 4.03 | 2.96 |
P/FCF ratio |
62.98 | 73.38 | 97.94 | 88.63 | 89.13 | 188.64 | 16.79 | 16.63 | 12.23 | 9.49 |
Altman Z″-Score (non-manufacturers) |
4.09 | 2.78 | 1.72 | 3.54 | 2.36 | 2.13 | 2.04 | 2.53 | 2.34 | 1.90 |
Beneish M-Score |
(1.88) | (2.82) | (2.88) | (2.80) | (2.52) | (1.90) | (2.85) | (3.29) | (2.97) | (3.04) |
P/Operating CF |
167.00 | 535.07 | 374.67 | 355.79 | 325.48 | 95.80 | 26.97 | 39.86 | 29.48 | 19.60 |
P/B ratio |
16.58 | 43.72 | 38.73 | 14.04 | 50.45 | 43.86 | 22.76 | 25.03 | 19.81 | 15.13 |
Price to Tangible BV |
22.88 | 67.72 | 56.89 | 14.80 | 53.68 | 50.19 | 25.22 | 26.75 | 20.82 | 15.59 |
EV/Sales |
8.21 | 11.52 | 8.93 | 11.16 | 20.38 | 9.37 | 3.77 | 4.90 | 3.98 | 3.29 |
EV/EBITDA |
33.02 | 144.20 | 0.00 | 0.00 | 347.58 | 102.66 | 27.61 | 27.11 | 25.47 | 23.67 |
EV/Operating CF |
36.46 | 52.10 | 55.65 | 56.79 | 68.52 | 68.62 | 13.83 | 14.40 | 10.45 | 7.85 |
EV/FCF |
61.44 | 72.19 | 96.50 | 81.53 | 86.62 | 186.00 | 16.41 | 16.01 | 11.74 | 8.84 |
Quick Ratio |
1.43 | 1.26 | 1.22 | 2.08 | 1.39 | 1.30 | 1.22 | 1.22 | 1.17 | 1.13 |
Current Ratio |
1.51 | 1.33 | 1.30 | 2.16 | 1.47 | 1.40 | 1.28 | 1.27 | 1.21 | 1.17 |
Net Debt/EBITDA |
(0.83) | (2.36) | 15.56 | 27.95 | (10.04) | (1.46) | (0.64) | (1.04) | (1.07) | (1.73) |
Debt/Assets |
22.93% | 22.02% | 32.83% | 17.10% | 21.59% | 34.83% | 34.64% | 25.52% | 22.68% | 21.55% |
Debt/Equity |
0.73 | 1.13 | 2.18 | 0.41 | 0.85 | 2.30 | 2.60 | 1.46 | 1.31 | 1.36 |
Asset Turnover |
0.71 | 0.80 | 0.74 | 0.65 | 0.70 | 0.85 | 0.90 | 0.96 | 0.97 | 0.85 |
Operating CF/Net income |
1.40 | 19.52 | (6.31) | (2.49) | (1,182.00) | 11.63 | 6.10 | 5.21 | 4.14 | 6.07 |
Capex/Depreciation |
(2.67) | (1.83) | (1.71) | (1.87) | (2.35) | (2.99) | (1.13) | (0.97) | (1.39) | (1.64) |
Interest Coverage |
7.07 | 2.13 | (1.24) | (2.32) | 1.20 | 1.93 | 7.92 | 12.68 | 15.95 | 20.01 |
| 35.50% | 3.65% | (11.04%) | (15.59%) | (0.06%) | 5.22% | 28.71% | 40.30% | 51.50% | 35.99% | |
| 11.50% | 0.91% | (1.87%) | (5.15%) | (0.02%) | 1.00% | 4.04% | 6.30% | 8.93% | 5.89% | |
ROIC |
44.39% | 36.45% | (29.82%) | 0.00% | 0.00% | 46.64% | 75.67% | 579.57% | 186.44% | 0.00% |
Return on Tangible Assets |
32.69% | 3.18% | (7.17%) | (7.93%) | (0.05%) | 2.64% | 14.24% | 23.24% | 38.85% | 27.57% |
Average Days of Receivables |
146.81 | 186.83 | 124.54 | 94.98 | 119.20 | 161.92 | 161.85 | 155.04 | 180.23 | 203.60 |
Research and Development Expense of Revenue |
11.66% | 10.45% | 10.16% | 9.75% | 8.88% | 8.35% | 10.19% | 12.12% | 9.31% | 7.85% |
Selling, General and Administrative Expense of Revenue |
28.85% | 36.79% | 43.08% | 44.92% | 27.55% | 21.77% | 18.15% | 16.56% | 15.18% | 14.87% |
Intangible Assets out of Total Assets |
0.09 | 0.07 | 0.05 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.00 |
Share Based Compensation of Revenue |
2.72% | 2.94% | 1.91% | 2.27% | 3.30% | 1.26% | 0.78% | 1.11% | 1.26% | 1.05% |
Graham Net Nets |
(0.01) | 0.00 | (0.03) | 0.04 | 0.01 | (0.01) | (0.02) | 0.00 | (0.01) | (0.02) |
Graham Number |
25.94 | 7.29 | 0.00 | 0.00 | 0.00 | 34.19 | 88.44 | 164.44 | 269.81 | 343.51 |
Earnings Yield |
1.91% | 0.10% | (0.28%) | (0.63%) | 0.00% | 0.13% | 1.16% | 1.29% | 2.22% | 1.96% |
Free Cash Flow Yield |
1.59% | 1.36% | 1.02% | 1.13% | 1.12% | 0.53% | 5.96% | 6.01% | 8.18% | 10.54% |
Revenue per Share |
19.12 | 27.55 | 32.33 | 47.16 | 79.90 | 141.94 | 214.12 | 300.56 | 409.82 | 569.91 |
Operating CF per Share |
4.31 | 6.09 | 5.19 | 9.26 | 23.76 | 19.38 | 58.40 | 102.26 | 156.18 | 238.99 |
Capex per Share |
(1.75) | (1.70) | (2.20) | (2.81) | (4.97) | (12.23) | (9.06) | (10.13) | (16.96) | (26.49) |
Free Cash Flow per Share |
2.56 | 4.40 | 2.99 | 6.45 | 18.80 | 7.15 | 49.34 | 92.14 | 139.22 | 212.50 |
Cash per Share |
11.04 | 13.54 | 20.80 | 62.61 | 75.38 | 89.51 | 113.26 | 145.80 | 181.15 | 318.87 |
Shareholders Equity per Share |
9.71 | 7.38 | 7.56 | 40.73 | 33.20 | 30.74 | 36.29 | 61.10 | 85.82 | 133.10 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
9.71 | 7.38 | 7.56 | 40.73 | 33.20 | 30.74 | 36.29 | 61.10 | 85.82 | 133.10 |
Free Cash Flow |
112.89 | 194.13 | 133.15 | 314.22 | 934.91 | 356.00 | 2,484.00 | 4,631.00 | 7,058.00 | 10,773.00 |
Working Capital |
292.86 | 318.89 | 344.90 | 2,036.54 | 1,710.93 | 2,338.00 | 2,391.00 | 2,997.00 | 3,539.00 | 4,940.00 |
Capital Expenditures |
(77.37) | (74.88) | (97.75) | (136.87) | (247.09) | (609.00) | (456.00) | (509.00) | (860.00) | (1,343.00) |
Net Current Asset Value |
(69.12) | (60.49) | (391.70) | 990.29 | 472.05 | (395.00) | (956.00) | (281.00) | (703.00) | (2,346.00) |
EV/EBIT |
38.31 | 249.05 | 0.00 | 0.00 | 632.70 | 150.15 | 38.02 | 33.54 | 31.45 | 29.72 |
Capex to Sales |
0.09 | 0.06 | 0.07 | 0.06 | 0.06 | 0.09 | 0.04 | 0.03 | 0.04 | 0.05 |
Price to Operating Income |
39.27 | 253.13 | 0.00 | 0.00 | 650.98 | 152.28 | 38.91 | 34.83 | 32.77 | 31.90 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.23 | 0.36 | 0.35 | 0.30 | 0.27 | 0.25 | 0.41 | 0.42 | 0.45 | 0.36 |
Cash ROIC |
9.18% | 15.03% | 6.66% | 5.37% | 13.73% | 3.74% | 20.22% | 31.09% | 36.66% | 33.55% |
Accounts Receivable Turnover |
3.38 | 2.53 | 2.58 | 4.22 | 4.19 | 3.19 | 2.72 | 2.70 | 2.49 | 2.19 |
Accounts Payable Turnover |
3.68 | 3.05 | 3.04 | 3.74 | 3.97 | 4.51 | 4.60 | 4.28 | 4.22 | 4.17 |
Inventory Turnover |
464.21 | 272.15 | 207.41 | 180.42 | 35.74 | 21.90 | 27.57 | 38.55 | 41.95 | 37.03 |
Average Days of Payables |
124.74 | 162.39 | 131.11 | 113.79 | 123.65 | 93.05 | 91.09 | 102.79 | 104.16 | 102.48 |
Days of Inventory on Hand |
1.31 | 1.87 | 2.27 | 2.64 | 19.04 | 22.72 | 9.94 | 11.56 | 9.65 | 12.97 |
Average Receivables |
250.00 | 481.16 | 556.97 | 544.37 | 947.66 | 2,216.90 | 3,958.00 | 5,598.50 | 8,338.00 | 13,188.00 |
Average Payables |
83.57 | 163.10 | 243.93 | 319.53 | 569.82 | 901.67 | 1,214.50 | 1,755.00 | 2,656.50 | 3,849.00 |
Average Inventory |
0.66 | 1.83 | 3.58 | 6.62 | 63.38 | 185.57 | 202.50 | 195.00 | 267.00 | 433.00 |
Average Assets |
1,185.52 | 1,520.31 | 1,956.35 | 3,510.61 | 5,654.01 | 8,313.67 | 11,918.50 | 15,674.00 | 21,404.00 | 33,931.50 |
Average Common Equity |
384.16 | 377.32 | 331.24 | 1,159.91 | 1,817.35 | 1,591.29 | 1,679.00 | 2,449.00 | 3,711.00 | 5,549.50 |
Columns are period end dates