Merchants Bancorp Financial Ratios
NASDAQ: MBINFinanceMajor BanksUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Merchants Bancorp ratio analysis
Merchants Bancorp earned a net margin of 32.1% in FY 2025, down from 47.8% a year earlier. Return on equity reached 9.6%, meaning Merchants Bancorp generated 0.10 dollars of profit for every dollar of shareholders' equity. At the end of FY 2025, MBIN traded at 8.8 times earnings; across the 9 fiscal years shown, its year-end P/E ranged from 4.8 to 8.8, with a median of 6.6.
Valuation ratios use the closing share price on each fiscal year-end date and diluted shares from the income statement; profitability and leverage ratios use reported annual figures. Current valuation multiples are on the statistics page.
Summary generated from market data by MetaCap's automated system. Methodology
Merchants Bancorp financial ratios (annual)
| Ratio | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E ratio (at fiscal year end) | 8.78 | 5.83 | 7.55 | 5.44 | 6.63 | 4.78 | 8.32 | 6.76 | 5.75 | — |
| Price / sales | 2.23 | 2.46 | 3.27 | 2.36 | 3.13 | 2.26 | 3.34 | 2.88 | 2.59 | — |
| Price / book | 0.67 | 0.74 | 1.08 | 0.72 | 1.18 | 0.98 | 0.87 | 0.95 | 0.81 | — |
| Net margin | 32.1% | 47.8% | 49.6% | 49.4% | 52.2% | 51.3% | 45.7% | 45.1% | 47.9% | 40.2% |
| Free cash flow margin | -53.1% | -127.3% | -64.7% | 218.0% | -12.1% | -249.8% | -750.3% | 139.8% | -154.6% | -183.1% |
| Return on equity (ROE) | 9.6% | 14.3% | 16.4% | 15.1% | 19.7% | 22.3% | 11.8% | 14.9% | 14.9% | 16.1% |
| Return on assets (ROA) | 1.1% | 1.7% | 1.6% | 1.7% | 2.0% | 1.9% | 1.2% | 1.6% | 1.6% | 1.2% |
| Debt / equity | — | — | — | — | 0.89 | 1.66 | 0.28 | 0.46 | 0.15 | 0.28 |
| Revenue growth | 1.6% | 19.2% | 26.6% | 2.1% | 23.8% | 107.6% | 21.4% | 22.1% | 38.6% | 19.4% |
| EPS growth | -40.0% | 11.7% | 26.2% | -6.1% | 23.6% | 143.7% | -23.7% | -9.2% | 55.1% | 8.9% |