Mechanics Bank (MCHB) Key Metrics
MCHB valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $3.18B
- Enterprise value
- $3.01B
- P/E (TTM)
- 11.0
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 4.3
- Price / book
- 1.2
- EV / EBITDA
- —
- Dividend yield
- 10.82% $1.56 a year
- Beta
- 0.14
MCHB key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsMCHB valuation Price multiples at each fiscal year-end price.
MCHB returns How much profit the business earns on the capital it uses.
MCHB per-share figures Results divided by the shares outstanding at year-end.
MCHB financial health Debt, liquidity and how easily interest is covered.
MCHB efficiency & capital use Working capital cycle and where the cash goes.
MCHB valuation history
MCHB returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
MCHB debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
MCHB cash returned to shareholders
MCHB price vs earnings per share
MCHB key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $3.20B | $2.42B | — | — | — | — | — | — | — | — |
| Enterprise value | $2.40B | $1.48B | — | — | — | — | — | — | — | — |
| P/E ratio | 12.0 | 83.5 | — | — | — | — | — | — | — | — |
| Price / sales | 3.1 | 4.1 | — | — | — | — | — | — | — | — |
| Price / book | 1.1 | 1.1 | — | — | — | — | — | — | — | — |
| Price / free cash flow | 17.1 | 8.5 | — | — | — | — | — | — | — | — |
| Price / operating cash flow | 16.5 | 8.3 | — | — | — | — | — | — | — | — |
| EV / sales | 2.3 | 2.5 | — | — | — | — | — | — | — | — |
| EV / EBITDA | 6.9 | 35.0 | — | — | — | — | — | — | — | — |
| EV / free cash flow | 12.8 | 5.2 | — | — | — | — | — | — | — | — |
| Earnings yield | 8.3% | 1.2% | — | — | — | — | — | — | — | — |
| Free cash flow yield | 5.8% | 11.8% | — | — | — | — | — | — | — | — |
| Dividend yield | 1.5% | 3.9% | — | — | — | — | — | — | — | — |
| Shareholder yield (dividends + buybacks) | 1.5% | 3.9% | — | — | — | — | — | — | — | — |
| Share price at fiscal year-end | $14.63 | $11.42 | $10.30 | $27.58 | $52.00 | $33.75 | $34.00 | $21.23 | $28.95 | $31.60 |
| Per share | ||||||||||
| Revenue per share | $4.71 | $2.78 | — | — | — | — | — | — | — | — |
| Earnings per share | $1.21 | $0.14 | — | — | — | — | — | — | — | — |
| Operating cash flow per share | $0.88 | $1.38 | — | — | — | — | — | — | — | — |
| Free cash flow per share | $0.86 | $1.35 | — | — | — | — | — | — | — | — |
| Cash per share | $4.93 | $4.71 | — | — | — | — | — | — | — | — |
| Book value per share | $13.08 | $10.85 | — | — | — | — | — | — | — | — |
| Tangible book value per share | $8.26 | $6.69 | — | — | — | — | — | — | — | — |
| Dividends per share | $0.22 | $0.45 | — | — | — | — | — | — | — | — |
| Capex per share | $0.03 | $0.03 | — | — | — | — | — | — | — | — |
| Debt per share | $1.27 | $0.26 | — | — | — | — | — | — | — | — |
| Shares outstanding | 218.8M | 212.1M | — | — | — | — | — | — | — | — |
| Change in shares outstanding | +3.1% | — | — | — | — | — | — | — | — | — |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 10.3% | 2.0% | 36.7% | 33.9% | 16.1% | 11.4% | 5.5% | 5.5% | 10.3% | 10.6% |
| Return on invested capital (ROIC) | 15.5% | 1.6% | 10.0% | 16.8% | 12.0% | 6.6% | 2.6% | 1.5% | 4.0% | 3.8% |
| Return on assets (ROA) | 1.4% | 0.2% | 2.1% | 2.6% | 1.6% | 1.1% | 0.6% | 0.6% | 1.1% | 1.0% |
| Return on tangible assets | 1.2% | 0.2% | 2.1% | 2.3% | 1.6% | 1.1% | 0.6% | 0.6% | 1.1% | 1.0% |
| Free cash flow margin | 18.1% | 48.5% | 1.3% | 43.9% | 79.1% | −7.2% | 72.9% | 91.5% | −36.8% | −48.3% |
| Income quality (OCF / net income) | 0.73 | 10.08 | 0.07 | 1.47 | 2.56 | −0.32 | 6.62 | 7.15 | −2.33 | −4.39 |
| Financial health | ||||||||||
| Total debt | $278.8M | $56.1M | $2.00B | $1.28B | $167.0M | $448.6M | $710.3M | $1.08B | $1.10B | $993.5M |
| Cash & short-term investments | $1.08B | $999.7M | $240.4M | $91.8M | $65.2M | $58.0M | $57.9M | $58.6M | $73.9M | $56.3M |
| Net debt | −$800.7M | −$943.6M | $1.76B | $1.19B | $101.8M | $390.6M | $652.5M | $1.02B | $1.03B | $937.2M |
| Debt / equity | 0.10 | 0.02 | 3.72 | 2.28 | 0.23 | 0.63 | 1.05 | 1.46 | 1.57 | 1.58 |
| Debt / assets | 0.01 | 0.00 | 0.21 | 0.14 | 0.02 | 0.06 | 0.10 | 0.15 | 0.16 | 0.16 |
| Net debt / EBITDA | −2.31 | −22.32 | 5.77 | 3.57 | 0.65 | 3.47 | 13.40 | 36.05 | 15.57 | 10.32 |
| Current ratio | 8.20 | 0.14 | 0.33 | 1.34 | 0.81 | 0.21 | 0.11 | 3.08 | 0.07 | 0.01 |
| Quick ratio | 8.20 | 0.14 | 2.17 | 5.21 | 10.74 | 3.33 | 2.06 | 2.94 | −1.13 | −0.02 |
| Interest coverage | 1.4 | 0.2 | 1.8 | 15.2 | 8.5 | 2.4 | 0.6 | 0.5 | 1.5 | 3.1 |
| Working capital | $994.5M | −$6.38B | −$537.2M | $30.4M | −$19.0M | −$304.4M | −$483.9M | $39.6M | −$950.0M | −$4.56B |
| Invested capital | $2.06B | $1.36B | $2.30B | $1.75B | $817.2M | $1.11B | $1.33B | $1.76B | $1.73B | $1.57B |
| Tangible asset value | $1.81B | $1.42B | $519.1M | $502.2M | $651.9M | $599.1M | $553.6M | $613.6M | $397.2M | $361.2M |
| Net current asset value | −$18.48B | −$13.20B | −$8.63B | −$8.73B | −$6.44B | −$6.48B | −$6.12B | −$6.27B | −$5.99B | −$5.61B |
| Graham number | $18.91 | $5.78 | — | — | — | — | — | — | — | — |
| Graham net-net per share | −$84.52 | −$62.28 | — | — | — | — | — | — | — | — |
| Capital allocation | ||||||||||
| Dividends paid | $48.6M | $95.0M | $12.3M | $235.0M | $217.0M | $13.9M | $217.0M | $217.0M | $0 | $0 |
| Share buybacks (net) | — | — | — | $75.0M | $84.2M | $58.0M | $98.5M | $0 | $45,000 | $0 |
| Dividend payout ratio | 18.3% | 327.6% | 6.1% | 108.5% | 188.0% | 17.3% | 554.8% | 542.1% | 0.0% | 0.0% |
| Dividends + buybacks / free cash flow | 26.0% | 33.2% | 124.3% | 100.4% | 104.6% | — | 123.0% | 78.5% | — | — |
| Capex / revenue | 0.6% | 1.1% | 0.5% | 1.3% | 2.0% | 0.8% | 0.6% | 3.2% | 7.7% | 4.2% |
| Capex / operating cash flow | 3.4% | 2.2% | 27.8% | 3.0% | 2.5% | — | 0.9% | 3.4% | — | — |
| Capex / depreciation | 0.23 | 0.97 | 0.14 | 0.30 | 0.19 | 0.31 | 0.13 | 0.51 | 1.87 | 1.56 |
| Stock-based compensation / revenue | 0.5% | 0.6% | 0.5% | 0.0% | 12.1% | 0.7% | −0.0% | 1.1% | 0.5% | 0.4% |
| SG&A / revenue | 22.5% | 35.5% | 27.4% | 31.2% | 39.8% | 40.2% | 41.0% | 45.4% | 60.3% | 59.7% |
| Efficiency | ||||||||||
| Days sales outstanding | 15.3 | 19.3 | 13.1 | 11.6 | 19.5 | 112.0 | 143.5 | 58.1 | 40.5 | 49.1 |
| Days of inventory on hand | — | — | -2,128.2 | -5,321.0 | -180,259.4 | -6,456.2 | -2,200.5 | 3,485.9 | 5,695.6 | 781.0 |
| Days payables outstanding | — | — | 286.5 | 1,121.4 | 34,605.0 | 1,264.1 | 755.0 | 968.3 | 1,507.6 | 1,675.9 |
| Cash conversion cycle (days) | — | — | -2,401.6 | -6,430.9 | -214,844.8 | -7,608.3 | -2,811.9 | 2,575.7 | 4,228.5 | -845.9 |
| Receivables turnover | 23.78 | 18.87 | 27.94 | 31.49 | 18.68 | 3.26 | 2.54 | 6.28 | 9.02 | 7.44 |
| Payables turnover | — | — | 1.27 | 0.33 | 0.01 | 0.29 | 0.48 | 0.38 | 0.24 | 0.22 |
| Inventory turnover | — | — | — | — | — | — | — | 0.10 | 0.06 | 0.47 |
| Asset turnover | 0.05 | 0.05 | 0.08 | 0.08 | 0.05 | 0.06 | 0.05 | 0.04 | 0.08 | 0.10 |
| Average receivables | $43.4M | $31.2M | $27.9M | $22.4M | $19.5M | $123.2M | $138.5M | $48.0M | $61.0M | $77.7M |
| Average payables | — | — | $122.8M | $142.8M | $212.2M | $221.0M | $181.4M | $171.1M | $181.7M | $154.2M |
| Average inventory | — | — | −$912.5M | −$677.3M | −$1.11B | −$1.13B | −$528.8M | $616.0M | $686.5M | $71.9M |
| Intangibles / total assets | 4.7% | 5.3% | 0.2% | 0.6% | 0.9% | 1.6% | 1.8% | 1.8% | 4.5% | 4.3% |
Computed from MCHB's annual financial statements (latest annual report filed March 17, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
MCHB valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Mechanics Bank traded at 12.0 times earnings. Based on the latest twelve months, the trailing P/E is 11.0. Mechanics Bank earned a return on equity of 10.3% and a return on invested capital of 15.5% in fiscal 2025. It ended the year with $278.8 million of debt and $1.1 billion in cash and short-term investments, a net cash position of $800.7 million. It returned $48.6 million to shareholders: $48.6 million in dividends and $0 in share buybacks, 26% of free cash flow.
See the MCHB income statement, the MCHB chart for price history, or the MCHB stock overview for the latest quote and news.
MCHB key metrics FAQ
What is Mechanics Bank's P/E ratio?
Mechanics Bank's trailing P/E ratio is 11.0 based on the last twelve months of earnings (as of October 18, 2026). At the end of fiscal 2025 it was 12.0.
What is Mechanics Bank's EV/EBITDA?
Mechanics Bank's enterprise value was 6.9 times EBITDA at the end of fiscal 2025 (enterprise value $2.4 billion, EBITDA $347.3 million).
What is Mechanics Bank's return on equity?
Mechanics Bank's return on equity (ROE) was 10.3% in fiscal 2025: net income of $265.7 million on average shareholders' equity of $2.6 billion.
What is Mechanics Bank's ROIC?
Mechanics Bank's return on invested capital was 15.5% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Mechanics Bank have?
Mechanics Bank had total debt of $278.8 million at the end of fiscal 2025, a debt-to-equity ratio of 0.10 and more cash than debt.
What is Mechanics Bank's dividend yield?
Mechanics Bank's forward dividend yield is 10.82%. Mechanics Bank paid $48.6 million in dividends in fiscal 2025 ($0.22 per share), a payout ratio of 18.3%.
What is Mechanics Bank's free cash flow yield?
Mechanics Bank generated $187.1 million of free cash flow in fiscal 2025, a free cash flow yield of 5.8% on its market value at year-end ($3.2 billion).
What is Mechanics Bank's current ratio?
Mechanics Bank's current ratio was 8.20 at the end of fiscal 2025: current assets were 8.20 times current liabilities.