LendingTree, Inc. (TREE) Financial Ratios
20 years of historical data (2006–2025) · Financial Services · Financial - Conglomerates
EV/EBITDA
↓
8.63
↓-73% vs avg
5yr avg: 31.57
30Y Low10.6·High82.8
P/FCF
↓
8.92
↓-22% vs avg
5yr avg: 11.37
30Y Low0.9·High90.7
P/B Ratio
↓
1.92
↓-38% vs avg
5yr avg: 3.11
30Y Low0.2·High15.8
ROE
↑
76.5%
↓+622% vs avg
5yr avg: -14.7%
30Y Low-115%·High76%
Debt/EBITDA
↓
4.19
↓-82% vs avg
5yr avg: 23.81
30Y Low3.1·High11.7
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
TREE Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
LendingTree, Inc. trades at 3.6x earnings, 75% below its 5-year average of 14.6x, sitting at the 0th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.6x, the stock trades at a discount of 73%. On a free-cash-flow basis, the stock trades at 8.9x P/FCF, 22% below the 5-year average of 11.4x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $541M | $747M | $514M | $392M | $273M | $1.7B | $3.6B | $4.4B | $3.1B | $4.7B | $1.3B |
| Enterprise Value | $895M | $1.1B | $952M | $891M | $887M | $2.2B | $4.1B | $4.7B | $3.4B | $4.5B | $1.2B |
| P/E Ratio → | 3.62 | 4.92 | — | — | — | 24.28 | — | 112.39 | 32.05 | 298.64 | 47.14 |
| P/S Ratio | 0.48 | 0.67 | 0.57 | 0.58 | 0.28 | 1.53 | 3.91 | 4.01 | 4.05 | 7.54 | 3.37 |
| P/B Ratio | 1.92 | 2.60 | 4.72 | 3.16 | 1.31 | 3.75 | 9.76 | 11.03 | 8.94 | 15.80 | 5.59 |
| P/FCF | 8.92 | 12.30 | 10.07 | 7.13 | 8.66 | 18.70 | — | 35.81 | 32.31 | 51.36 | 90.74 |
| P/OCF | 7.41 | 10.21 | 8.26 | 5.81 | 6.35 | 13.45 | 92.33 | 30.82 | 27.96 | 47.18 | 26.83 |
P/E links to full P/E history page with 30-year chart
TREE EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
LendingTree, Inc.'s enterprise value stands at 8.6x EBITDA, 73% below its 5-year average of 31.6x. The Financial Services sector median is 11.4x, placing the stock at a 24% 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 | — | 0.99 | 1.06 | 1.33 | 0.90 | 1.98 | 4.51 | 4.29 | 4.40 | 7.33 | 3.13 |
| EV / EBITDA | 8.63 | 10.61 | 13.83 | — | 70.16 | 31.69 | 67.58 | 40.55 | 38.39 | 82.80 | 20.64 |
| EV / EBIT | 10.91 | 13.41 | 19.45 | 104.94 | — | 9588.96 | — | 92.55 | 59.92 | 138.30 | 23.08 |
| EV / FCF | — | 18.14 | 18.65 | 16.20 | 28.13 | 24.24 | — | 38.29 | 35.14 | 49.93 | 84.36 |
TREE Profitability
Margins and return-on-capital ratios measuring operating efficiency
LendingTree, Inc. earns an operating margin of 7.3%, below the Financial Services sector average of 20.3%. Operating margins have expanded from -6.0% to 7.3% over the past 3 years, signaling improving operational efficiency. Return on equity of 76.5% is exceptionally high — well above the sector median of 9.0%. ROIC of 9.0% represents adequate returns on invested capital versus a sector median of 5.5%.
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 | 94.3% | 94.3% | 96.0% | 94.2% | 94.1% | 94.8% | 94.0% | 93.8% | 95.2% | 97.2% | 96.4% |
| Operating Margin | 7.3% | 7.3% | 5.0% | -6.0% | -3.3% | 0.7% | -0.7% | 4.6% | 7.3% | 5.4% | 13.6% |
| Net Profit Margin | 13.5% | 13.5% | -4.6% | -18.2% | -19.1% | 6.3% | -5.3% | 1.6% | 12.6% | 2.5% | 7.2% |
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 | 76.5% | 76.5% | -35.8% | -73.7% | -57.3% | 17.0% | -12.6% | 4.8% | 30.1% | 5.9% | 11.6% |
| ROA | 18.6% | 18.6% | -5.3% | -12.2% | -15.0% | 5.6% | -4.5% | 1.9% | 12.1% | 3.1% | 8.8% |
| ROIC | 9.0% | 9.0% | 4.8% | -3.3% | -2.1% | 0.5% | -0.5% | 5.1% | 6.7% | 6.5% | 16.5% |
| ROCE | 13.2% | 13.2% | 7.1% | -4.4% | -3.1% | 0.8% | -0.7% | 7.5% | 9.5% | 8.2% | 20.8% |
TREE Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
LendingTree, Inc. carries a Debt/EBITDA ratio of 4.2x, which is highly leveraged (roughly in line with the sector average of 4.3x). Net debt stands at $354M ($435M total debt minus $81M cash). Interest coverage of just 1.8x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.52 | 1.52 | 5.00 | 4.92 | 4.39 | 1.67 | 1.94 | 0.91 | 1.09 | 0.81 | — |
| Debt / EBITDA | 4.19 | 4.19 | 7.91 | — | 72.22 | 10.90 | 11.69 | 3.14 | 4.29 | 4.36 | — |
| Net Debt / Equity | — | 1.23 | 4.02 | 4.02 | 2.95 | 1.11 | 1.48 | 0.76 | 0.78 | -0.44 | -0.39 |
| Net Debt / EBITDA | 3.41 | 3.41 | 6.36 | — | 48.57 | 7.25 | 8.89 | 2.63 | 3.09 | -2.38 | -1.56 |
| Debt / FCF | — | 5.84 | 8.57 | 9.07 | 19.47 | 5.54 | — | 2.48 | 2.83 | -1.44 | -6.39 |
| Interest Coverage | 1.75 | 1.75 | 1.76 | — | -1.09 | 0.00 | -0.17 | 2.53 | 4.52 | 4.66 | 92.93 |
TREE Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.75x means LendingTree, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 2.60x to 1.75x 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 | 1.75 | 1.75 | 0.99 | 2.60 | 5.02 | 1.36 | 2.65 | 0.82 | 0.89 | 2.97 | 2.11 |
| Quick Ratio | 1.75 | 1.75 | 0.99 | 2.60 | 5.02 | 1.36 | 2.65 | 0.82 | 0.89 | 2.97 | 2.11 |
| Cash Ratio | 0.59 | 0.59 | 0.44 | 1.48 | 3.62 | 0.92 | 1.52 | 0.26 | 0.40 | 2.50 | 1.37 |
| Asset Turnover | — | 1.31 | 1.17 | 0.84 | 0.82 | 0.85 | 0.77 | 1.17 | 0.85 | 0.89 | 1.18 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
TREE Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
LendingTree, Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 27.6% (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 | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
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 | 27.6% | 20.3% | — | — | — | 4.1% | — | 0.9% | 3.1% | 0.3% | 2.1% |
| FCF Yield | 11.2% | 8.1% | 9.9% | 14.0% | 11.6% | 5.3% | — | 2.8% | 3.1% | 1.9% | 1.1% |
| Buyback Yield | 0.0% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 0.0% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $14M | $13M | $13M | $13M | $14M | $13M | $15M | $14M | $14M | $13M |
Peer Comparison
Compare TREE 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 |
|---|---|---|---|---|---|---|---|---|---|
 TREEYou | $541M | 3.6 | 8.6 | 8.9 | 94.3% | 7.3% | 76.5% | 9.0% | 4.2 |
 BFIN | $150M | 36.4 | 13.4 | 27.3 | 66.2% | 6.8% | 2.6% | 1.9% | 7.5 |
 QNST | $750M | 161.8 | 21.5 | 9.0 | 10.1% | 0.6% | 2.0% | 2.8% | 0.3 |
 EFC | $1B | 11.3 | 39.4 | 2.6 | 84.3% | 61.6% | 8.5% | 3.1% | 37.0 |
 UPST | $3B | 72.1 | 54.3 | — | 95.2% | 5.1% | 7.5% | 1.7% | 23.4 |
 LMND | $5B | -25.6 | — | — | 40.3% | -21.8% | -29.4% | -36.8% | — |
 SOFI | $23B | 45.9 | 26.0 | — | 75.1% | 11.0% | 5.7% | 3.6% | 2.4 |
 LC | $2B | 16.7 | 3.3 | — | 64.7% | 25.0% | 9.5% | 17.3% | 0.0 |
 AFRM | $25B | 492.8 | 225.8 | 40.9 | 67.5% | -2.7% | 1.8% | -0.7% | 57.0 |
 ENVA | $5B | 17.5 | 12.2 | 2.9 | 50.1% | 23.5% | 24.3% | 10.4% | 5.8 |
 PRAA | $570M | -1.9 | 1.2 | — | 99.2% | 33.9% | -27.3% | 11.2% | 0.1 |
| Financial Services Median | — | 13.6 | 11.4 | 11.1 | 64.1% | 20.3% | 9.0% | 5.5% | 4.3 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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TREE — Frequently Asked Questions
Quick answers to the most common questions about buying TREE stock.
What is LendingTree, Inc.'s P/E ratio?
LendingTree, Inc.'s current P/E ratio is 3.6x. The historical average is 43.6x.
What is LendingTree, Inc.'s EV/EBITDA?
LendingTree, Inc.'s current EV/EBITDA is 8.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 43.8x.
What is LendingTree, Inc.'s ROE?
LendingTree, Inc.'s return on equity (ROE) is 76.5%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is -12.9%.
Is TREE stock overvalued?
Based on historical data, LendingTree, Inc. is trading at a P/E of 3.6x. Compare with industry peers and growth rates for a complete picture.
What are LendingTree, Inc.'s profit margins?
LendingTree, Inc. has 94.3% gross margin and 7.3% operating margin.
How much debt does LendingTree, Inc. have?
LendingTree, Inc.'s Debt/EBITDA ratio is 4.2x, indicating high leverage. A ratio above 4x may signal elevated financial risk.