Latest Ratios: P/E Ratio 16.5x · EV/EBITDA 12.3x · ROE N/A. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $9.1B | $8.5B | $9.1B | $10.7B | $12.2B | $40.3B | $38.7B | $17.0B | $8.8B | $5.8B | $3.0B |
| Enterprise Value | $12.1B | $11.4B | $12.0B | $13.7B | $15.5B | $43.4B | $41.8B | $19.4B | $8.9B | $6.1B | $3.2B |
| P/E Ratio → | 16.46 | 13.57 | 16.19 | 16.15 | 33.46 | 142.20 | 229.08 | 43.22 | 14.02 | 21.30 | — |
| P/S Ratio | 2.61 | 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 | 8.90 | 8.28 | 10.35 | 12.91 | 25.70 | 48.42 | 50.94 | 21.19 | 9.73 | 16.90 | 13.78 |
| P/OCF | 8.44 | 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
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 | 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 | 12.33 | 11.67 | 13.19 | 13.33 | 27.77 | 48.63 | 53.13 | 23.49 | 11.90 | 20.10 | 27.24 |
| EV / EBIT | 13.82 | 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 |
Margins and return-on-capital ratios measuring operating efficiency
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% |
| 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% |
Solvency and debt-coverage ratios — lower is generally safer
| 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 |
Short-term solvency ratios and asset-utilisation metrics
| 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 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
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 | 1.8% | 2.2% | — | — | — | — | — | — | 1.2% | — | — |
| Payout Ratio | 30.4% | 30.4% | — | — | — | — | — | — | 16.8% | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.1% | 7.4% | 6.2% | 6.2% | 3.0% | 0.7% | 0.4% | 2.3% | 7.1% | 4.7% | — |
| FCF Yield | 11.2% | 12.1% | 9.7% | 7.7% | 3.9% | 2.1% | 2.0% | 4.7% | 10.3% | 5.9% | 7.3% |
| Buyback Yield | 8.7% | 9.3% | 8.2% | 5.1% | 3.9% | 0.0% | 0.3% | 1.3% | 1.5% | 1.0% | 10.5% |
| Total Shareholder Yield | 10.5% | 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 |
Tinder user base stagnation
According to current market data, Match Group trades at a forward P/E of 14.04, which, when compared to its historical averages, suggests that investors are increasingly pricing the firm as a mature utility rather than a high-growth technology platform capable of sustained double-digit expansion.
The current PEG ratio of 0.53 appears to signal that the market is heavily discounting future growth potential, likely due to the stagnation of the flagship Tinder brand. This valuation level warrants investigation, as it may imply that the market is ignoring the potential for margin expansion through Hinge's continued scaling.
Based on reported figures, the company's ROIC has hovered between 4.6% and 7.8% over the last ten quarters, a trend that suggests the firm is struggling to generate returns on invested capital that meaningfully exceed its cost of capital in a high-interest rate environment.
The persistent reliance on goodwill from past acquisitions appears to be diluting the efficiency of capital deployment. Investors should monitor whether management can improve these returns through operational discipline rather than relying on the inorganic growth strategies that have historically characterized the firm's capital allocation.
As reported in recent financial statements, the company maintains a lean asset turnover ratio of approximately 0.20, which is consistent with its software-centric business model that requires minimal physical infrastructure to support its global network of dating applications and user engagement platforms.
The stability in DSO, which has remained within the 28 to 36-day range, suggests that the company maintains effective control over its payment cycles despite the inherent volatility of consumer-facing digital transactions. This efficiency is critical for maintaining liquidity in a business model where cash collection is largely automated.
Based on institutional analysis, the P/E ratio is the most commonly misapplied metric for Match Group, as it fails to account for the significant non-cash stock-based compensation expenses that artificially depress reported earnings and obscure the company's true underlying cash-generating capacity for equity holders.
Analysts should prioritize EV/EBITDA or P/FCF to better capture the operational reality of the business, as these metrics normalize for the capital structure and non-cash charges. Relying solely on P/E may lead to an inaccurate assessment of the firm's valuation relative to its actual ability to generate free cash flow.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying MTCH stock.
Match Group, Inc.'s current P/E ratio is 16.5x. The historical average is 24.1x. This places it at the 50th percentile of its historical range.
Match Group, Inc.'s current EV/EBITDA is 12.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.6x.
Based on historical data, Match Group, Inc. is trading at a P/E of 16.5x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Match Group, Inc.'s current dividend yield is 1.81% with a payout ratio of 30.4%.
Match Group, Inc. has 72.8% gross margin and 25.0% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Match Group, Inc.'s Debt/EBITDA ratio is 4.1x, indicating high leverage. A ratio above 4x may signal elevated financial risk.