Merchants Bancorp

MBIN | NASDAQ

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$52.35

+$0.28 (+0.54%)

At close: Sep 21, 2026, 4:00 PM ET

$52.35

$0 (0.00%)

After-hours: Sep 21, 2026, 7:30 PM ET

Overview Rating Statistics Financials Earnings Analysts Ownership Dividends Profile

Market Data

Market Cap $2.39B

Enterprise Value $5.85B

Beta 1.14

Average Volume 161.61K

Shares Outstanding (Diluted) 46M

Shares Change YoY 0.16%

Institutional Ownership 99.07%

Exchange NASDAQ

ISIN US58844R1086

Price Performance

Price Change 1M -4.0%

Price Change 3M 5.0%

Price Change 6M 21.9%

Price Change YTD 57.8%

Price Change 1Y 63.6%

Price Change 3Y 91.3%

Price Change 5Y 111.7%

1M CAGR (ann.) -3.5%

1Y CAGR (ann.) 66.5%

5Y CAGR (ann.) 17.7%

All-Time CAGR 20.2%

Valuation

PE Ratio 10.51

Forward PE 8.69

PEG Ratio 1.14

Forward PEG 1.37

PS Ratio 1.77

Forward PS 3.10

PB Ratio 1.00

P/FCF Ratio -2.20

P/Adj. FCF Ratio -2.20

P/OCF Ratio -4.40

EV/Sales 4.32

EV/EBIT 18.13

EV/EBITDA 41.26

EV/FCF -5.35

Earnings Yield 9.5%

FCF Yield -45.4%

Adj. FCF Yield -45.4%

Financial Health

Net Debt $3.44B

Total Debt $4.28B

Cash & Short-Term Investments $837.98M

Total Assets $21.23B

Current Ratio 0.02

Quick Ratio 0.02

Debt / Equity Ratio 1.79

Debt / EBITDA 30.21

Debt / FCF -3.92

OCF / Debt -0.25

Interest Coverage 0.43

Altman Z-Score 0.06

Piotroski F-Score 2

Margins & Profitability

Gross Profit Margin 45.4%

Operating Profit Margin 10.2%

EBITDA Margin 24.9%

Net Profit Margin 20.5%

FCF Margin -80.6%

Adj. FCF Margin -80.6%

SBC / Revenue 0.0%

SBC Impact (per share) N/A

Returns

Return on Assets 1.3%

Return on Equity 11.6%

Return on Invested Capital 1.1%

Return on Capital Employed 1.6%

Return on Tangible Assets 1.3%

Historical Growth (CAGR)

Revenue CAGR 3Y 15.6%

Revenue CAGR 5Y 24.4%

Revenue CAGR 10Y 44.9%

EPS CAGR 3Y 1.8%

EPS CAGR 5Y 0.3%

EPS CAGR 10Y 29.0%

FCF CAGR 3Y -49.5%

FCF CAGR 5Y -120.1%

FCF CAGR 10Y -14.5%

Analyst Forecasts

Analyst Rating Buy

Analyst Count 7

EPS Growth Next 3Y N/A

Revenue Growth Next 3Y N/A

Earnings Date Oct 26, 2026

EPS Estimate (next Q) $1.40

EPS Growth Est (next Q) 44.3%

Revenue Est (next Q) $182.95M

Revenue Growth Est (next Q) 7.7%

Fair Value Estimates

Graham Number $76.41

Graham Upside 46.0%

Lynch Fair Value $24.90

Lynch Upside -52.4%

Price Target $60

Price Target Upside 14.6%

Cash Flow

Operating Cash Flow $-1.06B

Free Cash Flow $-1.09B

Adj. Free Cash Flow $-1.09B

FCF Per Share -$12.39

OCF Per Share -$11.90

OCF/S Ratio -41.8%

Income Statement

Revenue $1.36B

Gross Profit $631.08M

Operating Income $138.47M

EBITDA $141.76M

Net Income $268.59M

EPS (Diluted) $4.98

Revenue / Employee $1.84M

Profit / Employee $365.42K

Employees 735

Dividends

Annual Dividend $0.43

Dividend Yield 0.82%

Payout Ratio 8.6%

FCF Payout Ratio -5.5%

Adj. FCF Payout Ratio -5.5%

Dividend Growth (YoY) 10.3%

Pay Frequency Quarterly

Ex-Dividend Date Sep 14, 2026