Marqeta, Inc. (MQ) Financial Ratios
7 years of historical data (2019–2025) · Technology · Software - Infrastructure
EV/EBITDA
N/A
—
5yr avg: N/A
P/FCF
↓
10.23
↓-94% vs avg
5yr avg: 165.02
30Y Low13.7·High171.4
P/B Ratio
↓
2.35
↓-26% vs avg
5yr avg: 3.17
30Y Low1.8·High5.9
ROE
↑
-1.5%
↓+83% vs avg
5yr avg: -9.1%
30Y Low-42%·High2%
Debt/EBITDA
N/A
—
5yr avg: N/A
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
MQ Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Marqeta, Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 10.2x P/FCF, 94% below the 5-year average of 165.0x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.6B | $2.2B | $2.0B | $3.7B | $3.3B | $9.3B | — | — |
| Enterprise Value | $685M | $1.2B | $1.1B | $2.8B | $2.2B | $8.1B | — | — |
| P/E Ratio → | -129.33 | — | 72.05 | — | — | — | — | — |
| P/S Ratio | 2.63 | 3.51 | 3.88 | 5.50 | 4.45 | 17.97 | — | — |
| P/B Ratio | 2.35 | 2.88 | 1.81 | 2.99 | 2.26 | 5.91 | — | — |
| P/FCF | 10.23 | 13.65 | 35.27 | 439.74 | — | 171.41 | — | — |
| P/OCF | 10.12 | 13.50 | 33.80 | 176.13 | — | 163.16 | — | — |
P/E links to full P/E history page with 30-year chart
MQ EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.98 | 2.08 | 4.07 | 2.89 | 15.59 | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — |
| EV / FCF | — | 7.68 | 18.95 | 325.69 | — | 148.69 | — | — |
MQ Profitability
Margins and return-on-capital ratios measuring operating efficiency
Marqeta, Inc. earns an operating margin of -4.7%. Operating margins have expanded from -41.9% to -4.7% over the past 3 years, signaling improving operational efficiency. A negative ROE of -1.5% indicates the company is currently destroying shareholder equity.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 11.2% | 11.2% | 69.4% | 48.7% | 42.8% | 44.8% | 40.6% | 42.2% |
| Operating Margin | -4.7% | -4.7% | -4.8% | -41.9% | -28.0% | -31.3% | -16.2% | -41.1% |
| Net Profit Margin | -2.2% | -2.2% | 5.4% | -33.0% | -24.7% | -31.7% | -16.4% | -40.6% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | -1.5% | -1.5% | 2.3% | -16.4% | -12.1% | -17.6% | -22.4% | -42.4% |
| ROA | -0.9% | -0.9% | 1.8% | -13.3% | -10.3% | -14.3% | -14.0% | -26.1% |
| ROIC | — | — | -8.1% | -73.1% | -49.0% | -56.9% | -38.7% | -45.6% |
| ROCE | -3.1% | -3.1% | -2.1% | -20.7% | -13.6% | -17.0% | -19.8% | -37.0% |
MQ Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
The company holds a net cash position — cash of $982M exceeds total debt of $22M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.03 | 0.03 | 0.01 | 0.01 | 0.01 | 0.01 | 0.06 | 0.14 |
| Debt / EBITDA | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -1.26 | -0.84 | -0.78 | -0.80 | -0.78 | -0.70 | -0.30 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — |
| Debt / FCF | — | -5.97 | -16.32 | -114.05 | — | -22.72 | -4.22 | — |
| Interest Coverage | — | — | — | — | — | — | — | — |
Net cash position: cash ($982M) exceeds total debt ($22M)
MQ Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.65x means Marqeta, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 4.13x to 1.65x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.65 | 1.65 | 3.37 | 4.13 | 6.17 | 7.56 | 3.05 | 3.07 |
| Quick Ratio | 1.65 | 1.65 | 3.36 | 4.11 | 6.16 | 7.54 | 3.05 | 3.07 |
| Cash Ratio | 1.44 | 1.44 | 2.97 | 3.71 | 5.74 | 7.19 | 2.62 | 2.42 |
| Asset Turnover | — | 0.41 | 0.35 | 0.43 | 0.42 | 0.28 | 0.63 | 0.64 |
| Inventory Turnover | 284.86 | 284.86 | 42.21 | 80.45 | 83.15 | 72.45 | 220.72 | — |
| Days Sales Outstanding | — | 73.55 | 85.38 | 58.94 | 39.45 | 39.66 | 52.09 | 67.42 |
MQ Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Marqeta, Inc. returns 23.8% to shareholders annually primarily through share buybacks.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 1.4% | — | — | — | — | — |
| FCF Yield | 9.8% | 7.3% | 2.8% | 0.2% | — | 0.6% | — | — |
| Buyback Yield | 23.8% | 17.8% | 7.9% | 5.1% | 2.3% | 0.0% | — | — |
| Total Shareholder Yield | 23.8% | 17.8% | 7.9% | 5.1% | 2.3% | 0.0% | — | — |
| Shares Outstanding | — | $462M | $519M | $533M | $545M | $541M | $537M | $537M |
Peer Comparison
Compare MQ with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 MQYou | $2B | -129.3 | — | 10.2 | 11.2% | -4.7% | -1.5% | — | — |
 PAYO | $2B | 36.9 | 10.5 | 11.4 | 78.1% | 11.8% | 10.2% | 30.7% | 0.4 |
 FLYW | $2B | 144.1 | 41.8 | 19.1 | 61.4% | 1.8% | 1.6% | 2.1% | — |
 RELY | $4B | 68.1 | 38.6 | 15.0 | 57.1% | 5.0% | 8.9% | 14.2% | 2.1 |
 PRTH | $590M | 10.5 | 7.6 | 7.9 | 21.4% | 14.8% | — | 13.4% | 5.1 |
 RPAY | $299M | -1.1 | 6.9 | 3.3 | 75.0% | -3.9% | -40.9% | -1.0% | 4.9 |
 EVTC | $2B | 11.7 | 7.8 | 11.7 | 49.7% | 20.0% | 23.0% | 10.2% | 3.7 |
 FIS | $20B | 50.9 | 6.4 | 7.0 | 36.9% | 16.5% | 2.6% | 6.0% | 1.1 |
 FISV | $26B | 7.5 | 6.1 | 5.9 | 59.4% | 26.9% | 13.0% | 8.1% | 3.3 |
 GPN | $16B | 11.5 | 10.1 | 7.8 | 72.6% | 19.1% | 6.0% | 3.0% | 7.6 |
 FOUR | $3B | 36.5 | 8.1 | 5.5 | 34.2% | 8.4% | 8.0% | 6.3% | 5.9 |
| Technology Median | — | 29.0 | 16.7 | 19.2 | 48.8% | 0.2% | 1.6% | 2.7% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 7 years · Updated daily
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MQ — Frequently Asked Questions
Quick answers to the most common questions about buying MQ stock.
What is Marqeta, Inc.'s P/E ratio?
Marqeta, Inc.'s current P/E ratio is -129.3x. The historical average is 72.1x.
What is Marqeta, Inc.'s ROE?
Marqeta, Inc.'s return on equity (ROE) is -1.5%. The historical average is -15.7%.
Is MQ stock overvalued?
Based on historical data, Marqeta, Inc. is trading at a P/E of -129.3x. Compare with industry peers and growth rates for a complete picture.
What are Marqeta, Inc.'s profit margins?
Marqeta, Inc. has 11.2% gross margin and -4.7% operating margin.