Match Group, Inc. (MTCH) Financial Ratios
30 years of historical data (1996–2025) · Technology · Software - Application
EV/EBITDA
↓
12.05
↓-47% vs avg
5yr avg: 22.92
30Y Low0.9·High53.1
P/FCF
↓
8.64
↓-59% vs avg
5yr avg: 21.13
30Y Low2.5·High75.5
P/B Ratio
N/A
—
5yr avg: N/A
30Y Low0.0·High4.3
ROE
N/A
—
5yr avg: N/A
30Y Low-26%·High29%
Debt/EBITDA
↓
4.06
↓-13% vs avg
5yr avg: 4.66
30Y Low0.3·High13.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
MTCH Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Match Group, Inc. trades at 16.0x earnings, 64% below its 5-year average of 44.3x, sitting at the 41st percentile of its historical range. Compared to the Technology sector median P/E of 27.2x, the stock trades at a discount of 41%. On a free-cash-flow basis, the stock trades at 8.6x P/FCF, 59% below the 5-year average of 21.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $8.8B | $8.5B | $9.1B | $10.7B | $12.2B | $40.3B | $38.7B | $17.0B | $8.8B | $5.8B | $3.0B |
| Enterprise Value | $11.8B | $11.4B | $12.0B | $13.7B | $15.5B | $43.4B | $41.8B | $19.4B | $8.9B | $6.1B | $3.2B |
| P/E Ratio → | 15.97 | 13.57 | 16.19 | 16.15 | 33.46 | 142.20 | 229.08 | 43.22 | 14.02 | 21.30 | — |
| P/S Ratio | 2.54 | 2.43 | 2.62 | 3.18 | 3.84 | 13.51 | 16.19 | 8.28 | 2.06 | 1.74 | 0.94 |
| P/B Ratio | — | — | — | — | — | — | — | 4.31 | 2.43 | 1.93 | 1.45 |
| P/FCF | 8.64 | 8.28 | 10.35 | 12.91 | 25.70 | 48.42 | 50.94 | 21.19 | 9.73 | 16.90 | 13.78 |
| P/OCF | 8.18 | 7.84 | 9.79 | 11.94 | 23.30 | 44.18 | 48.25 | 18.10 | 8.89 | 13.84 | 10.10 |
P/E links to full P/E history page with 30-year chart
MTCH EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Match Group, Inc.'s enterprise value stands at 12.0x EBITDA, 47% below its 5-year average of 22.9x. The Technology sector median is 17.3x, placing the stock at a 30% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.27 | 3.45 | 4.07 | 4.86 | 14.56 | 17.48 | 9.47 | 2.09 | 1.85 | 1.03 |
| EV / EBITDA | 12.05 | 11.67 | 13.19 | 13.33 | 27.77 | 48.63 | 53.13 | 23.49 | 11.90 | 20.10 | 27.24 |
| EV / EBIT | 13.51 | 12.78 | 13.90 | 14.61 | 29.66 | 112.32 | 54.90 | 30.18 | 16.00 | 35.57 | 115.17 |
| EV / FCF | — | 11.16 | 13.62 | 16.50 | 32.55 | 52.17 | 55.03 | 24.23 | 9.87 | 17.96 | 15.06 |
MTCH Profitability
Margins and return-on-capital ratios measuring operating efficiency
Match Group, Inc. earns an operating margin of 25.0%. Operating margins have compressed from 27.3% to 25.0% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROIC of 23.7% represents excellent returns on invested capital.
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 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 72.8% | 72.8% | 71.5% | 71.6% | 69.9% | 71.9% | 73.4% | 74.3% | 78.6% | 80.3% | 75.9% |
| Operating Margin | 25.0% | 25.0% | 23.7% | 27.3% | 16.2% | 28.5% | 31.2% | 31.5% | 13.3% | 5.7% | -1.0% |
| Net Profit Margin | 17.6% | 17.6% | 15.8% | 19.4% | 11.4% | 9.3% | 6.8% | 21.0% | 14.7% | 9.2% | -1.3% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | — | 12.8% | 11.4% | 19.0% | 12.1% | -1.9% |
| ROA | 13.7% | 13.7% | 12.3% | 15.0% | 7.8% | 6.8% | 2.8% | 5.7% | 9.8% | 5.8% | -0.8% |
| ROIC | 23.7% | 23.7% | 21.4% | 23.4% | 13.3% | 27.7% | 13.9% | 9.6% | 11.9% | 5.0% | -1.0% |
| ROCE | 23.7% | 23.7% | 20.9% | 24.1% | 13.7% | 26.4% | 15.1% | 9.7% | 10.2% | 4.2% | -0.8% |
MTCH Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Match Group, Inc. carries a Debt/EBITDA ratio of 4.1x, which is highly leveraged (41% above the sector average of 2.9x). Net debt stands at $2.9B ($4.0B total debt minus $1.0B cash). Interest coverage of 6.1x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | — | — | — | 0.74 | 0.62 | 0.67 | 0.78 |
| Debt / EBITDA | 4.06 | 4.06 | 4.23 | 3.74 | 6.87 | 4.40 | 4.88 | 3.51 | 3.02 | 6.54 | 13.53 |
| Net Debt / Equity | — | — | — | — | — | — | — | 0.62 | 0.04 | 0.12 | 0.13 |
| Net Debt / EBITDA | 3.01 | 3.01 | 3.17 | 2.90 | 5.84 | 3.49 | 3.94 | 2.95 | 0.17 | 1.19 | 2.31 |
| Debt / FCF | — | 2.88 | 3.27 | 3.59 | 6.85 | 3.74 | 4.08 | 3.04 | 0.14 | 1.06 | 1.28 |
| Interest Coverage | 6.06 | 6.06 | 5.40 | 5.86 | 3.59 | 2.96 | 5.83 | 4.58 | 5.09 | 1.64 | 0.26 |
MTCH Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.42x means Match Group, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 2.39x to 1.42x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.42 | 1.42 | 2.54 | 2.39 | 1.59 | 1.04 | 2.04 | 3.67 | 3.13 | 2.66 | 2.58 |
| Quick Ratio | 1.42 | 1.42 | 2.54 | 2.39 | 1.59 | 1.04 | 2.04 | 3.67 | 3.13 | 2.66 | 2.58 |
| Cash Ratio | 1.02 | 1.02 | 1.77 | 1.63 | 1.04 | 0.71 | 1.48 | 0.46 | 2.55 | 2.05 | 1.99 |
| Asset Turnover | — | 0.78 | 0.78 | 0.75 | 0.76 | 0.59 | 0.78 | 0.25 | 0.62 | 0.56 | 0.68 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 31.77 | 34.09 | 32.40 | 21.97 | 23.06 | 20.91 | 20.72 | 30.75 | 37.22 | 30.40 |
MTCH Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Match Group, Inc. returns 10.8% to shareholders annually — split between a 1.9% dividend yield and 8.9% buyback yield. The payout ratio of 30.4% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 6.3% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
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 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.9% | 2.2% | — | — | — | — | — | — | 1.2% | — | — |
| Payout Ratio | 30.4% | 30.4% | — | — | — | — | — | — | 16.8% | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.3% | 7.4% | 6.2% | 6.2% | 3.0% | 0.7% | 0.4% | 2.3% | 7.1% | 4.7% | — |
| FCF Yield | 11.6% | 12.1% | 9.7% | 7.7% | 3.9% | 2.1% | 2.0% | 4.7% | 10.3% | 5.9% | 7.3% |
| Buyback Yield | 8.9% | 9.3% | 8.2% | 5.1% | 3.9% | 0.0% | 0.3% | 1.3% | 1.5% | 1.0% | 10.5% |
| Total Shareholder Yield | 10.8% | 11.5% | 8.2% | 5.1% | 3.9% | 0.0% | 0.3% | 1.3% | 2.7% | 1.0% | 10.5% |
| Shares Outstanding | — | $262M | $279M | $293M | $295M | $305M | $256M | $207M | $205M | $184M | $173M |
Peer Comparison
Compare MTCH 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 |
|---|---|---|---|---|---|---|---|---|---|
 MTCHYou | $9B | 16.0 | 12.0 | 8.6 | 72.8% | 25.0% | — | 23.7% | 4.1 |
 BMBL | $378M | -0.5 | 2.8 | 1.6 | 68.3% | 26.3% | -69.6% | 13.4% | 2.1 |
 MFG | $109B | 19.7 | 3.9 | — | 41.8% | 13.8% | 8.5% | 1.3% | 43.6 |
 IAC | $3B | -31.8 | 14.1 | 70.6 | 66.8% | -4.1% | -1.9% | -1.2% | 5.5 |
 META | $1.6T | 26.1 | 15.7 | 33.7 | 82.0% | 41.4% | 30.2% | 27.6% | 0.8 |
 SNAP | $11B | -21.9 | — | 24.1 | 55.0% | -9.0% | -19.5% | -10.6% | — |
 PINS | $14B | 34.7 | 39.3 | 11.4 | 80.1% | 7.6% | 8.8% | 6.1% | 0.8 |
 MOMO | $2B | 9.5 | 7.1 | 22.3 | 37.6% | 12.7% | 7.0% | 10.9% | 0.1 |
 AAPL | $4.2T | 38.5 | 29.7 | 42.7 | 46.9% | 32.0% | 171.4% | 67.4% | 0.8 |
 GOOGL | $4.8T | 36.8 | 32.2 | 65.7 | 59.7% | 32.1% | 35.7% | 25.1% | 0.4 |
 PYPL | $43B | 8.6 | 6.3 | 7.6 | 46.6% | 18.3% | 25.7% | 15.0% | 1.4 |
| Technology Median | — | 27.2 | 17.3 | 19.8 | 48.9% | -0.6% | 2.5% | 3.0% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonMTCH — Frequently Asked Questions
Quick answers to the most common questions about buying MTCH stock.
What is Match Group, Inc.'s P/E ratio?
Match Group, Inc.'s current P/E ratio is 16.0x. The historical average is 24.1x. This places it at the 41th percentile of its historical range.
What is Match Group, Inc.'s EV/EBITDA?
Match Group, Inc.'s current EV/EBITDA is 12.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.6x.
Is MTCH stock overvalued?
Based on historical data, Match Group, Inc. is trading at a P/E of 16.0x. This is at the 41th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Match Group, Inc.'s dividend yield?
Match Group, Inc.'s current dividend yield is 1.87% with a payout ratio of 30.4%.
What are Match Group, Inc.'s profit margins?
Match Group, Inc. has 72.8% gross margin and 25.0% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Match Group, Inc. have?
Match Group, Inc.'s Debt/EBITDA ratio is 4.1x, indicating high leverage. A ratio above 4x may signal elevated financial risk.