Latest Ratios: P/E Ratio 8.2x · EV/EBITDA 4.0x · ROE 13.3%. (2009–2025 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 | $6.2B | $5.3B | $7.0B | $6.8B | $6.9B | $4.4B | $1.4B | $2.1B | $1.8B | $3.2B | $2.4B |
| Enterprise Value | $9.7B | $8.8B | $9.1B | $9.0B | $7.6B | $5.9B | $3.2B | $3.7B | $3.0B | $3.7B | $2.7B |
| P/E Ratio → | 8.19 | 6.97 | 7.88 | 8.07 | 5.66 | 7.52 | — | 17.11 | 6.44 | 25.31 | — |
| P/S Ratio | 1.69 | 1.45 | 2.01 | 2.42 | 2.25 | 2.65 | 1.64 | 2.05 | 1.96 | 5.86 | 8.89 |
| P/B Ratio | 1.04 | 0.88 | 1.28 | 1.65 | 2.07 | 2.07 | 0.93 | 1.07 | 0.99 | 2.54 | 3.40 |
| P/FCF | 25.64 | 21.88 | 24.93 | 21.45 | 7.69 | 13.75 | — | — | — | — | — |
| P/OCF | 2.55 | 2.18 | 3.11 | 3.65 | 3.48 | 4.18 | 2.93 | 3.81 | 2.90 | 10.67 | 17.53 |
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 | — | 2.39 | 2.61 | 3.21 | 2.48 | 3.55 | 3.76 | 3.56 | 3.33 | 6.74 | 10.26 |
| EV / EBITDA | 4.04 | 3.66 | 3.77 | 4.69 | 3.41 | 5.18 | — | 6.25 | 4.76 | 10.80 | — |
| EV / EBIT | 8.14 | 7.05 | 6.32 | 7.42 | 4.33 | 7.48 | — | 15.77 | 8.99 | 22.32 | — |
| EV / FCF | — | 36.23 | 32.40 | 28.42 | 8.49 | 18.48 | — | — | — | — | — |
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 | 43.7% | 43.7% | 44.3% | 47.4% | 61.4% | 53.6% | 25.8% | 35.2% | 48.3% | 41.9% | 14.3% |
| Operating Margin | 32.5% | 32.5% | 41.2% | 42.9% | 57.5% | 47.7% | -61.0% | 22.9% | 40.4% | 29.6% | -67.0% |
| Net Profit Margin | 20.8% | 20.8% | 25.4% | 30.0% | 39.7% | 35.2% | -69.4% | 8.5% | 30.5% | 23.1% | -36.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 13.3% | 13.3% | 18.5% | 22.7% | 44.6% | 32.1% | -34.1% | 4.7% | 18.1% | 12.9% | -16.5% |
| ROA | 6.7% | 6.7% | 9.5% | 12.7% | 24.7% | 14.7% | -15.3% | 2.3% | 9.8% | 7.0% | -7.5% |
| ROIC | 10.5% | 10.5% | 15.5% | 17.5% | 34.4% | 17.1% | -11.4% | 5.4% | 11.5% | 8.7% | -13.9% |
| ROCE | 11.5% | 11.5% | 17.0% | 20.1% | 40.1% | 22.0% | -14.8% | 6.9% | 14.6% | 10.2% | -15.4% |
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 | 0.59 | 0.59 | 0.39 | 0.55 | 0.37 | 0.73 | 1.24 | 0.81 | 0.73 | 0.46 | 0.83 |
| Debt / EBITDA | 1.48 | 1.48 | 0.88 | 1.18 | 0.55 | 1.37 | — | 2.73 | 2.06 | 1.69 | — |
| Net Debt / Equity | — | 0.58 | 0.38 | 0.54 | 0.22 | 0.71 | 1.20 | 0.79 | 0.69 | 0.38 | 0.52 |
| Net Debt / EBITDA | 1.45 | 1.45 | 0.87 | 1.15 | 0.32 | 1.33 | — | 2.66 | 1.96 | 1.41 | — |
| Debt / FCF | — | 14.35 | 7.47 | 6.97 | 0.80 | 4.73 | — | — | — | — | — |
| Interest Coverage | 5.96 | 5.96 | 8.36 | 10.02 | 26.10 | 10.58 | -6.81 | 3.15 | 8.07 | 4.76 | -2.48 |
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 | 0.79 | 0.79 | 0.93 | 1.04 | 1.86 | 0.80 | 0.90 | 0.70 | 0.93 | 0.91 | 1.65 |
| Quick Ratio | 0.75 | 0.75 | 0.89 | 0.98 | 1.83 | 0.77 | 0.86 | 0.67 | 0.87 | 0.89 | 1.63 |
| Cash Ratio | 0.08 | 0.08 | 0.02 | 0.08 | 0.88 | 0.10 | 0.20 | 0.10 | 0.20 | 0.34 | 1.26 |
| Asset Turnover | — | 0.31 | 0.32 | 0.36 | 0.55 | 0.39 | 0.23 | 0.25 | 0.26 | 0.25 | 0.18 |
| Inventory Turnover | 46.92 | 46.92 | 50.35 | 35.48 | 77.72 | 63.30 | 59.94 | 62.02 | 26.50 | 52.75 | 74.44 |
| Days Sales Outstanding | — | 52.89 | 68.69 | 61.27 | 48.44 | 52.99 | 51.18 | 67.26 | 59.30 | 94.70 | 80.98 |
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 | 2.6% | 3.1% | 1.5% | 1.1% | 0.5% | 0.3% | — | — | — | — | — |
| Payout Ratio | 21.5% | 21.5% | 11.8% | 9.1% | 2.9% | 2.5% | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 12.2% | 14.3% | 12.7% | 12.4% | 17.7% | 13.3% | — | 5.8% | 15.5% | 4.0% | — |
| FCF Yield | 3.9% | 4.6% | 4.0% | 4.7% | 13.0% | 7.3% | — | — | — | — | — |
| Buyback Yield | 0.9% | 1.1% | 0.0% | 0.3% | 0.3% | 0.2% | 0.1% | 0.2% | 0.4% | 0.2% | 0.1% |
| Total Shareholder Yield | 3.5% | 4.1% | 1.5% | 1.5% | 0.8% | 0.5% | 0.1% | 0.2% | 0.4% | 0.2% | 0.1% |
| Shares Outstanding | — | $125M | $124M | $120M | $120M | $119M | $116M | $117M | $114M | $103M | $91M |
Commodity price volatility exposure
According to recent market data, Matador trades at a forward P/E of 6.44x, which, when compared to historical averages, suggests that investors are heavily discounting the company's future earnings potential due to the inherent volatility of its Delaware Basin production profile and broader energy sector cyclicality.
The current valuation multiples appear to imply a market expectation of stagnant or declining long-term growth, as the forward EV/EBITDA of 3.54x sits at the lower end of the peer range. This pricing suggests that the market is prioritizing immediate cash flow stability over the potential upside of the company's recent acreage acquisitions.
Based on reported financial statements, Matador's ROIC has trended downward to 2.5% in 2026Q1, a significant contraction from the 4.4% levels observed in 2023Q4, indicating that the company is struggling to maintain efficient returns on its massive capital investments in the geologically complex Delaware Basin.
The decay in ROIC suggests that the marginal cost of drilling and completion is currently outpacing the incremental returns generated by new wells. Investors should monitor whether this trend is a temporary byproduct of recent acquisition integration or a more permanent shift in the company's ability to compound capital effectively.
As indicated by quarterly filings, Matador's cash conversion cycle has exhibited extreme instability, swinging to a negative 248 days in 2026Q1, which suggests that the company's management of payables and receivables is currently being distorted by the timing of large-scale capital projects and midstream operational shifts.
The erratic nature of the CCC highlights a lack of predictability in working capital management, which may complicate cash flow forecasting for institutional investors. This volatility warrants further investigation into whether the company's supplier leverage is being utilized to mask underlying liquidity pressures during periods of high capital intensity.
According to the latest balance sheet data, Matador's debt-to-EBITDA ratio has climbed to 5.67x in 2026Q1, a level that suggests a tightening of the company's financial flexibility compared to the more comfortable 3.24x leverage ratio reported in 2024Q4, necessitating a cautious outlook on future debt-funded expansion.
While the interest coverage ratio of 6.15x provides a temporary buffer, the upward trend in leverage indicates that the company's debt service capacity is becoming increasingly sensitive to commodity price fluctuations. The reliance on debt to fund growth in a high-rate environment may limit management's ability to pursue opportunistic acquisitions without further straining the balance sheet.
The P/E ratio is frequently misapplied to Matador's business model because it fails to account for the massive non-cash DD&A charges inherent in shale E&P, which significantly distort net income and obscure the company's true ability to generate cash from its core Delaware Basin production assets.
Analysts should instead prioritize EV/EBITDA or P/FCF, as these metrics better capture the capital-intensive nature of the business and the impact of the San Mateo midstream joint venture. Relying on P/E alone risks misinterpreting the company's profitability by ignoring the substantial depreciation of its underlying oil and gas reserves.
Includes 30+ ratios · 17 years · Updated daily
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Quick answers to the most common questions about buying MTDR stock.
Matador Resources Company's current P/E ratio is 8.2x. The historical average is 12.2x. This places it at the 60th percentile of its historical range.
Matador Resources Company's current EV/EBITDA is 4.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 6.3x.
Matador Resources Company's return on equity (ROE) is 13.3%. The historical average is 1.4%.
Based on historical data, Matador Resources Company is trading at a P/E of 8.2x. This is at the 60th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Matador Resources Company's current dividend yield is 2.63% with a payout ratio of 21.5%.
Matador Resources Company has 43.7% gross margin and 32.5% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Matador Resources Company's Debt/EBITDA ratio is 1.5x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.