Match Group Inc.
MTCH Communication Services Internet Content & Information
Match Group Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.5 billion, roughly unchanged from fiscal 2024. In the quarter to June 2026, revenue fell 1.23%, EPS grew 43.1%, free cash flow grew 52.6% and total debt rose 3.59%, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for three; insiders bought in the last twelve months.
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Match Group Inc. (MTCH) Altman Z-score
Match Group Inc.'s Altman Z-score for fiscal 2025 is 0.67, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 0.67 | (0.02) |
| FY2024 | 0.68 | (0.05) |
| FY2023 | 0.73 | 0.53 |
| FY2022 | 0.21 | (2.85) |
| FY2021 | 3.05 | 0.58 |
| FY2020 | 2.47 | (0.70) |
| FY2019 | 3.18 | 0.69 |
| FY2018 | 2.49 | 0.89 |
| FY2017 | 1.60 | 0.25 |
| FY2016 | 1.34 | 0.02 |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.09 | — | 0.11 | |
| Retained earnings / total assets | (1.34) | — | −1.87 | |
| EBIT / total assets | 0.20 | — | 0.65 | |
| Market value of equity / total liabilities | 1.66 | — | 1.00 | |
| Sales / total assets | 0.78 | — | 0.78 | |
| Altman Z-score | Distress zone | 0.67 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −2.48 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| PINS Pinterest, Inc. compare | 15.7× |
| ZG Zillow Group, Inc. compare | 12.6× |
| Z Zillow Group, Inc. compare | 12.6× |
| BZ KANZHUN LIMITED Sponsored ADR compare | 10.1× |
| TME Tencent Music Entertainment Group Sponsored ADR compare | 7.2× |
| BIDU Baidu, Inc. compare | 2.1× |
| BILI Bilibili Inc. Sponsored ADR compare | 1.8× |
| MTCH Match Group Inc. | 0.7× |
| SNAP Snap Inc. compare | 0.0× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets