Match Group, Inc. (MTCH) 10-Year Financial Performance & Capital Metrics

MTCH • • Industrial / General

TechnologyApplication SoftwareMarketing & Customer EngagementDigital Advertising

AboutMatch Group, Inc. provides dating products worldwide. The company's portfolio of brands includes Tinder, Match, Meetic, OkCupid, Hinge, Pairs, PlentyOfFish, and OurTime, as well as a various other brands. The company was incorporated in 1986 and is based in Dallas, Texas.Show more

Revenue $3.48B +3.4%
EBITDA $911M -11.3%
Net Income $551M -15.4%
EPS (Diluted) 2.02 -10.6%
Gross Margin 71.51% -0.2%
EBITDA Margin 26.18% -14.2%
Operating Margin 23.66% -13.2%
Net Margin 15.84% -18.2%
ROE -
ROIC 20.99% -10.5%
Debt/Equity -
Interest Coverage 5.14 -10.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓FCF machine: 25.4% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 11.1%
✓Share count reduced 4.8% through buybacks
✓Healthy 5Y average net margin of 12.5%

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y1.13%

5Y11.15%

3Y5.26%

TTM-0.46%

Profit (Net Income) CAGR

10Y2.88%

5Y5.04%

3Y25.68%

TTM-9.72%

EPS CAGR

10Y-0.71%

5Y1.23%

3Y29.51%

TTM-5.31%

ROCE

10Y Avg12.8%

5Y Avg20.04%

3Y Avg19.56%

Latest20.86%

Peer Comparison

Digital Advertising

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
SEMRSemrush Holdings, Inc.	1.54B	11.88	214.83	22.47%	-1.05%	-1.51%	2.8%	0.05
APPAppLovin Corporation	190.02B	617.76	136.37	43.44%	51.28%	192.05%	1.1%	3.26
DSPViant Technology Inc.	193.64M	11.61	96.75	29.74%	1.85%	2.32%	25.44%	0.09
VTEXVtex	349.81M	3.60	57.69	12.5%	7.03%	6.81%	7.2%	0.01
TTDThe Trade Desk, Inc.	16.35B	37.13	47.60	25.63%	15.72%	16.86%	3.87%	0.11
PUBMPubMatic, Inc.	302.16M	7.92	34.43	9.08%	-2.51%	-2.96%	11.55%	0.16
DVDoubleVerify Holdings, Inc.	1.71B	10.63	33.22	14.72%	6.1%	4.16%	7.74%	0.08
MTCHMatch Group, Inc.	7.55B	31.99	15.84	3.41%	16.2%		11.68%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	3.23B	3.14B	3.31B	4.26B	2.05B	2.39B	2.98B	3.19B	3.36B	3.48B
Revenue Growth %	0.04%	-0.03%	0.05%	0.29%	-0.52%	0.17%	0.25%	0.07%	0.06%	0.03%
Cost of Goods Sold+	778.16M	755.73M	651.01M	911.15M	527.18M	635.83M	839.31M	959.96M	954.01M	991.27M
COGS % of Revenue	0.24%	0.24%	0.2%	0.21%	0.26%	0.27%	0.28%	0.3%	0.28%	0.28%
Gross Profit+	2.45B	2.38B	2.66B	3.35B	1.52B	1.76B	2.14B	2.23B	2.41B	2.49B
Gross Margin %	0.76%	0.76%	0.8%	0.79%	0.74%	0.73%	0.72%	0.7%	0.72%	0.72%
Gross Profit Growth %	0.1%	-0.03%	0.11%	0.26%	-0.55%	0.15%	0.22%	0.04%	0.08%	0.03%
Operating Expenses+	2.26B	2.14B	2.47B	2.79B	878.62M	1.01B	1.29B	1.71B	1.49B	1.66B
OpEx % of Revenue	0.7%	0.68%	0.75%	0.65%	0.43%	0.42%	0.43%	0.54%	0.44%	0.48%
Selling, General & Admin	1.87B	1.79B	2.1B	2.29B	683.58M	791.11M	981.28M	970.38M	999.87M	1.06B
SG&A % of Revenue	0.58%	0.57%	0.64%	0.54%	0.33%	0.33%	0.33%	0.3%	0.3%	0.3%
Research & Development	185.77M	197.88M	250.88M	309.33M	151.96M	169.81M	241.05M	333.64M	384.19M	442.18M
R&D % of Revenue	0.06%	0.06%	0.08%	0.07%	0.07%	0.07%	0.08%	0.1%	0.11%	0.13%
Other Operating Expenses	36.15M	60.46M	-16.21M	305.75M	43.08M	48.8M	69.96M	409.85M	109.54M	161.67M
Operating Income+	179.59M	-32.63M	188.47M	565.14M	645.45M	745.72M	851.68M	515M	916.9M	823.31M
Operating Margin %	0.06%	-0.01%	0.06%	0.13%	0.31%	0.31%	0.29%	0.16%	0.27%	0.24%
Operating Income Growth %	-0.53%	-1.18%	6.78%	2%	0.14%	0.16%	0.14%	-0.4%	0.78%	-0.1%
EBITDA+	381.75M	118.48M	304.87M	748.9M	826.45M	786.99M	893.08M	558.6M	1.03B	910.81M
EBITDA Margin %	0.12%	0.04%	0.09%	0.18%	0.4%	0.33%	0.3%	0.18%	0.31%	0.26%
EBITDA Growth %	-0.23%	-0.69%	1.57%	1.46%	0.1%	-0.05%	0.13%	-0.37%	0.84%	-0.11%
D&A (Non-Cash Add-back)	202.16M	151.1M	116.41M	183.76M	180.99M	41.27M	41.4M	43.59M	109.54M	87.5M
EBIT	216.53M	28.02M	172.25M	556.98M	643.43M	761.58M	386.64M	523.04M	936.67M	864.13M
Net Interest Income+	-73.64M	-109.11M	-105.3M	-94.57M	-136.17M	-130.62M	-130.49M	-141.18M	-133.09M	-118.97M
Interest Income	0	0	0	0	4.4M	0	0	4.37M	26.8M	41.1M
Interest Expense	73.64M	109.11M	105.3M	109.33M	140.57M	130.62M	130.49M	145.55M	159.89M	160.07M
Other Income/Expense	-36.7M	-48.46M	-121.51M	-87.06M	-113.03M	-114.76M	-595.53M	-137.51M	-140.12M	-119.26M
Pretax Income+	142.87M	-81.27M	66.96M	761.56M	532.42M	630.95M	256.15M	377.49M	776.78M	704.06M
Pretax Margin %	0.04%	-0.03%	0.02%	0.18%	0.26%	0.26%	0.09%	0.12%	0.23%	0.2%
Income Tax+	29.52M	-64.93M	-291.05M	3.81M	15.08M	43.27M	-19.9M	15.36M	125.31M	152.74M
Effective Tax Rate %	0.84%	0.51%	4.55%	0.82%	0.81%	0.26%	1.08%	0.96%	0.84%	0.78%
Net Income+	119.47M	-41.28M	304.92M	626.96M	431.13M	162.33M	277.72M	361.95M	651.54M	551.28M
Net Margin %	0.04%	-0.01%	0.09%	0.15%	0.21%	0.07%	0.09%	0.11%	0.19%	0.16%
Net Income Growth %	-0.71%	-1.35%	8.39%	1.06%	-0.31%	-0.62%	0.71%	0.3%	0.8%	-0.15%
Net Income (Continuing)	113.37M	-16.15M	358.01M	451.1M	517.34M	587.68M	276.05M	362.13M	651.47M	551.31M
Discontinued Operations	0	0	0	306.64M	49.19M	-366.07M	509K	-2.21M	0	0
Minority Interest	441.69M	174.28M	559.66M	774.36M	1.01B	1.68M	9.19M	994K	475K	2K
EPS (Diluted)+	0.62	-0.24	1.47	3.05	1.90	0.66	0.93	1.24	2.26	2.02
EPS Growth %	-0.71%	-1.39%	7.13%	1.07%	-0.38%	-0.65%	0.41%	0.33%	0.82%	-0.11%
EPS (Basic)	0.67	-0.24	1.77	3.48	2.22	0.73	1.01	1.28	2.41	2.12
Diluted Shares Outstanding	190.52M	172.77M	184.13M	205.35M	206.79M	256.02M	304.84M	295.21M	293.28M	279.06M
Basic Shares Outstanding	179.03M	171.36M	172.86M	179.95M	181.75M	223.43M	275M	282.56M	275.77M	260.3M
Dividend Payout Ratio	0.95%	-	-	0.17%	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	1.95B	1.84B	2.13B	2.76B	3.71B	1.02B	1.22B	882.38M	1.27B	1.4B
Cash & Short-Term Investments	1.52B	1.42B	1.64B	2.26B	465.68M	739.16M	827.2M	581.12M	868.64M	970.73M
Cash Only	1.48B	1.33B	1.63B	2.13B	465.68M	739.16M	815.38M	572.39M	862.44M	965.99M
Short-Term Investments	39.2M	89.34M	5M	123.67M	0	0	11.82M	8.72M	6.2M	4.73M
Accounts Receivable	276.87M	261.49M	337.27M	359.14M	116.46M	137.02M	188.48M	191.94M	298.65M	324.96M
Days Sales Outstanding	31.28	30.4	37.22	30.75	20.72	20.91	23.06	21.97	32.4	34.09
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	107.4M	125.05M	102.78M	92.72M	3.07B	72.23M	123.62M	64.24M	57.59M	61.14M
Total Non-Current Assets+	3.26B	2.8B	3.74B	4.11B	4.66B	2.03B	3.85B	3.3B	3.24B	3.07B
Property, Plant & Equipment	302.82M	306.25M	315.17M	318.8M	101.06M	107.8M	163.26M	176.14M	194.53M	158.19M
Fixed Asset Turnover	10.67x	10.25x	10.49x	13.37x	20.30x	22.18x	18.27x	18.10x	17.30x	22.00x
Goodwill	2.25B	1.92B	2.56B	2.73B	1.24B	1.27B	2.41B	2.35B	2.34B	2.31B
Intangible Assets	440.83M	355.45M	663.74M	631.42M	228.32M	230.9M	771.7M	357.75M	305.75M	215.45M
Long-Term Investments	137.39M	122.81M	64.98M	235.06M	353.05M	0	0	0	0	19.3M
Other Non-Current Assets	117.29M	92.07M	73.33M	134.92M	2.54B	123.52M	163.15M	141.18M	133.89M	101.78M
Total Assets+	5.21B	4.65B	5.87B	6.87B	8.36B	3.05B	5.06B	4.18B	4.51B	4.47B
Asset Turnover	0.62x	0.68x	0.56x	0.62x	0.25x	0.78x	0.59x	0.76x	0.75x	0.78x
Asset Growth %	0.22%	-0.11%	0.26%	0.17%	0.22%	-0.64%	0.66%	-0.17%	0.08%	-0.01%
Total Current Liabilities+	768.55M	713.39M	799.73M	883.56M	1.01B	500.04M	1.17B	556.35M	531.77M	549.46M
Accounts Payable	86.88M	62.86M	76.57M	74.91M	20.19M	29.2M	37.87M	13.7M	13.19M	18.26M
Days Payables Outstanding	40.75	30.36	42.93	30.01	13.98	16.76	16.47	5.21	5.05	6.72
Short-Term Debt	40M	20M	13.75M	13.75M	13.75M	0	99.93M	0	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	296.19M	275.99M	270.48M	329.37M	662.05M	118.09M	216.84M	172.26M	183.26M	176.75M
Current Ratio	2.53x	2.58x	2.66x	3.13x	3.67x	2.04x	1.04x	1.59x	2.39x	2.54x
Quick Ratio	2.53x	2.58x	2.66x	3.13x	3.67x	2.04x	1.04x	1.59x	2.39x	2.54x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	2.17B	1.89B	2.08B	2.37B	3.41B	3.96B	4.09B	3.99B	4B	3.98B
Long-Term Debt	1.75B	1.58B	1.98B	2.25B	2.89B	3.84B	3.83B	3.84B	3.84B	3.85B
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	84.58M
Deferred Tax Liabilities	348.77M	228.8M	35.07M	23.6M	18.29M	17.21M	130.26M	32.63M	26.3M	11.77M
Other Non-Current Liabilities	98.2M	77.71M	63.85M	104.39M	503.87M	101.01M	129.89M	116.93M	126.65M	34.63M
Total Liabilities	2.96B	2.6B	2.88B	3.26B	4.42B	4.46B	5.26B	4.54B	4.53B	4.53B
Total Debt+	1.77B	1.6B	1.99B	2.26B	2.9B	3.84B	3.93B	3.84B	3.84B	3.95B
Net Debt	285.51M	273.3M	362.41M	127.67M	2.44B	3.1B	3.11B	3.26B	2.98B	2.99B
Debt / Equity	0.79x	0.78x	0.67x	0.62x	0.74x	-	-	-	-	-
Debt / EBITDA	4.63x	13.53x	6.54x	3.02x	3.51x	4.88x	4.40x	6.87x	3.74x	4.34x
Net Debt / EBITDA	0.75x	2.31x	1.19x	0.17x	2.95x	3.94x	3.49x	5.84x	2.90x	3.28x
Interest Coverage	2.44x	-0.30x	1.79x	5.17x	4.59x	5.71x	6.53x	3.54x	5.73x	5.14x
Total Equity+	2.25B	2.04B	2.99B	3.62B	3.94B	-1.41B	-194.58M	-358.88M	-19.07M	-63.66M
Equity Growth %	0.1%	-0.09%	0.46%	0.21%	0.09%	-1.36%	0.86%	-0.84%	0.95%	-2.34%
Book Value per Share	11.79	11.83	16.24	17.62	19.07	-5.52	-0.64	-1.22	-0.07	-0.23
Total Shareholders' Equity	1.8B	1.87B	2.43B	2.84B	2.93B	-1.41B	-203.77M	-359.88M	-19.55M	-63.66M
Common Stock	270K	272K	277K	278K	279K	267K	283K	287K	290K	294K
Retained Earnings	331.39M	290.11M	595.04M	1.26B	1.69B	-8.42B	-8.14B	-7.78B	-7.13B	-6.58B
Treasury Stock	-9.86B	-10.18B	-10.23B	-10.31B	-10.31B	0	0	-482.05M	-1.03B	-1.79B
Accumulated OCI	-152.1M	-166.12M	-103.57M	-128.72M	-136.35M	-81.45M	-223.75M	-369.18M	-385.47M	-449.61M
Minority Interest	441.69M	174.28M	559.66M	774.36M	1.01B	1.68M	9.19M	994K	475K	2K

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	349.4M	292.38M	416.69M	988.13M	937.94M	802.18M	912.5M	525.69M	896.79M	932.72M
Operating CF Margin %	0.11%	0.09%	0.13%	0.23%	0.46%	0.34%	0.31%	0.16%	0.27%	0.27%
Operating CF Growth %	-0.18%	-0.16%	0.43%	1.37%	-0.05%	-0.14%	0.14%	-0.42%	0.71%	0.04%
Net Income	113.36M	-16.34M	358.01M	757.75M	543.82M	587.68M	276.05M	362.13M	651.47M	551.31M
Depreciation & Amortization	202.16M	151.1M	116.41M	183.76M	180.99M	41.27M	41.4M	43.59M	61.81M	87.5M
Stock-Based Compensation	105.45M	104.82M	264.62M	238.42M	240.79M	102.27M	146.82M	203.88M	232.1M	267.38M
Deferred Taxes	-59.79M	-119.18M	-285.28M	-34.68M	-80.1M	15.38M	-57.97M	-29.95M	26.61M	-14.95M
Other Non-Cash Items	-60.76M	191.16M	46.77M	-207.79M	85.33M	48.44M	56.25M	373.25M	57.66M	76.19M
Working Capital Changes	48.98M	-19.18M	-83.83M	50.67M	-32.89M	7.14M	449.96M	-427.22M	-132.86M	-34.72M
Change in Receivables	-29.68M	1.28M	-115.17M	-34.83M	-91.44M	-24.21M	-34.02M	-6.67M	-107.41M	-29.79M
Change in Inventory	-21.17M	-12.9M	5.67M	-44.56M	-17.66M	0	0	0	0	0
Change in Payables	8.99M	-52.36M	-14.14M	53.55M	41.88M	24.16M	458.76M	-472.61M	-5.96M	-9.39M
Cash from Investing+	-582.72M	12.86M	39.51M	-173.44M	-329.53M	-4.89B	-939.83M	-71.7M	-76.58M	-58.54M
Capital Expenditures	-62.05M	-78.04M	-75.52M	-85.63M	-136.65M	-42.38M	-79.97M	-49.13M	-67.41M	-50.58M
CapEx % of Revenue	0.02%	0.02%	0.02%	0.02%	0.07%	0.02%	0.03%	0.02%	0.02%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-3.54M	11.21M	2.99M	9.03M	-2.47M	-4.83B	51K	3.1M	2.4M	-7.96M
Cash from Financing+	734.81M	-451.06M	-166.12M	-639.58M	399.83M	1.68B	111.11M	-689.17M	-534.07M	-758.3M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-113.2M	0	0	-556.37M	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	349.33M	19.93M	-525.48M	-334.22M	-636.99M	-212.05M	-388.89M	-207.12M	12.13M	-5.63M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	287.36M	214.34M	341.17M	902.49M	801.29M	759.81M	832.53M	476.56M	829.38M	882.14M
FCF Margin %	0.09%	0.07%	0.1%	0.21%	0.39%	0.32%	0.28%	0.15%	0.25%	0.25%
FCF Growth %	-0.22%	-0.25%	0.59%	1.65%	-0.11%	-0.05%	0.1%	-0.43%	0.74%	0.06%
FCF per Share	1.51	1.24	1.85	4.39	3.87	2.97	2.73	1.61	2.83	3.16
FCF Conversion (FCF/Net Income)	2.92x	-7.08x	1.37x	1.58x	2.18x	4.94x	3.29x	1.45x	1.38x	1.69x
Interest Paid	51.67M	107.36M	92.46M	75.82M	85.56M	115.96M	117.53M	138.04M	152.48M	152.89M
Taxes Paid	70.76M	69.1M	35.6M	40.7M	34.58M	41.02M	54.77M	60.03M	110.43M	149.24M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	5.58%	-1.92%	12.12%	18.98%	11.41%	12.83%	-	-	-	-
Return on Invested Capital (ROIC)	5.79%	-1.01%	4.99%	11.94%	9.56%	13.86%	27.72%	13.26%	23.45%	20.99%
Gross Margin	75.92%	75.93%	80.32%	78.63%	74.3%	73.41%	71.87%	69.9%	71.64%	71.51%
Net Margin	3.7%	-1.31%	9.22%	14.71%	21.02%	6.79%	9.31%	11.35%	19.37%	15.84%
Debt / Equity	0.79x	0.78x	0.67x	0.62x	0.74x	-	-	-	-	-
Interest Coverage	2.44x	-0.30x	1.79x	5.17x	4.59x	5.71x	6.53x	3.54x	5.73x	5.14x
FCF Conversion	2.92x	-7.08x	1.37x	1.58x	2.18x	4.94x	3.29x	1.45x	1.38x	1.69x
Revenue Growth	3.9%	-2.82%	5.33%	28.9%	-51.88%	16.58%	24.76%	6.89%	5.51%	3.41%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Service	-	-	-	805.32M	-	1.36B	-	-	-	-
Service Growth	-	-	-	-	-	-	-	-	-	-
Product and Service, Other	-	-	-	871.86M	-	989.32M	-	-	-	-
Product and Service, Other Growth	-	-	-	-	-	-	-	-	-	-
Match Group	-	-	-	-	2.01B	-	-	-	-	-
Match Group Growth	-	-	-	-	-	-	-	-	-	-
Emerging & Other	-	-	-	-	59.37M	-	-	-	-	-
Emerging & Other Growth	-	-	-	-	-	-	-	-	-	-
Dating	909.71M	1.12B	198.3M	-	-	-	-	-	-	-
Dating Growth	-	22.91%	-82.26%	-	-	-	-	-	-	-
Non-dating	110.73M	-	-	-	-	-	-	-	-	-
Non-dating Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Non-US	854.9M	447.07M	600.15M	856.87M	1.69B	1.27B	1.62B	1.74B	1.82B	1.89B
Non-US Growth	-	-47.70%	34.24%	42.78%	96.83%	-24.74%	27.68%	7.25%	4.91%	3.41%
UNITED STATES	2.38B	775.45M	730.51M	872.98M	3.07B	1.12B	1.36B	1.45B	1.54B	1.59B
UNITED STATES Growth	-	-67.36%	-5.80%	19.50%	251.73%	-63.46%	21.45%	6.46%	6.23%	3.41%

Frequently Asked Questions

Valuation & Price

Match Group, Inc. (MTCH) has a price-to-earnings (P/E) ratio of 15.8x. This is roughly in line with market averages.

Growth & Financials

Match Group, Inc. (MTCH) reported $3.47B in revenue for fiscal year 2024. This represents a 68% increase from $2.06B in 2011.

Match Group, Inc. (MTCH) grew revenue by 3.4% over the past year. Growth has been modest.

Yes, Match Group, Inc. (MTCH) is profitable, generating $562.1M in net income for fiscal year 2024 (15.8% net margin).

Dividend & Returns

Match Group, Inc. (MTCH) generated $962.6M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

...