Magnite, Inc.

MGNI Communication Services Advertising Agencies

Magnite, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $714.0 million, up 6.85% from fiscal 2024.

Revenue
+13.8%
EPS
+71.4%
Free cash flow
+36.8%
Total debt
−0.52%

Quarter to September 2026, against a year earlier

27.84 5.05 +22.16%
Market cap
$4.0B
P/E
21.9×
Fwd P/E
31.7×
Dividend yield
—
F-score
6/9
Altman Z
0.73
Beneish M
−2.50
Dividend safety
n/a

Magnite, Inc. (MGNI) Free cash flow margin

Alert me on Free cash flow margin

Magnite, Inc.'s free cash flow margin over the twelve months to 30 September 2026 was 29.2%, up 8.0 percentage points from fiscal 2025 (21.3%). Over the past ten years it has ranged from −34.2% (fiscal 2018) to 28.6% (fiscal 2023); the current reading is higher than 73% of that period. That is above the Advertising Agencies industry median of 0.00% and above the Communication Services sector median of 1.75%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 21.3% (6.89)
FY2024 28.2% (0.40)
FY2023 28.6% 2.89
FY2022 25.7% 4.86
FY2021 20.8% 36.16
FY2020 −15.4% (23.08)
FY2019 7.73% 41.92
FY2018 −34.2% (22.04)
FY2017 −12.2% (21.75)
FY2016 9.60% (9.89)

Against its own ten years

Low −34.2% High 28.6%
Ten-year median 19.5%
Current reading's percentile 73

Free cash flow margin against peers

Company Free cash flow margin
MGNI Magnite, Inc. 29.2%
TTD The Trade Desk compare 28.9%
ZD Ziff Davis, Inc. compare 23.9%
DV DoubleVerify Holdings, Inc. compare 21.3%
QNST QuinStreet, Inc. compare 9.04%
STGW Stagwell Inc. compare 8.66%
CRTO Criteo S.A. compare 7.28%
WPP WPP PLC compare 0.00%
LFTO Liftoff Mobile, Inc compare —
Advertising Agencies industry median 0.00%
Communication Services sector median 1.75%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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