Magnite Inc. (MGNI) Key Metrics
MGNI valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $3.35B
- Enterprise value
- $3.54B
- P/E (TTM)
- 21.2
- Forward P/E
- 22.2
- PEG ratio
- 0.09
- Price / sales
- 4.5 10-yr median 2.6
- Price / book
- 3.7 10-yr median 2.3
- EV / EBITDA
- 20.8 10-yr median 20.0
- Dividend yield
- —
- Beta
- 2.32
MGNI key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsMGNI valuation Price multiples at each fiscal year-end price.
MGNI returns How much profit the business earns on the capital it uses.
MGNI per-share figures Results divided by the shares outstanding at year-end.
MGNI financial health Debt, liquidity and how easily interest is covered.
MGNI efficiency & capital use Working capital cycle and where the cash goes.
MGNI valuation history
MGNI returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
MGNI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
MGNI cash returned to shareholders
MGNI price vs earnings per share
MGNI key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $2.50B | $2.34B | $1.28B | $1.41B | $2.38B | $2.97B | $429.3M | $187.5M | $91.4M | $346.2M |
| Enterprise value | $2.57B | $2.46B | $1.56B | $1.89B | $2.96B | $2.89B | $363.0M | $99.5M | −$37.8M | $156.2M |
| P/E ratio | 17.3 | 102.6 | — | — | — | — | — | — | — | — |
| Price / sales | 3.5 | 3.5 | 2.1 | 2.4 | 5.1 | 13.4 | 2.7 | 1.5 | 0.6 | 1.2 |
| Price / book | 2.7 | 3.0 | 1.8 | 1.8 | 2.7 | 7.8 | 3.8 | 1.6 | 0.6 | 1.2 |
| Price / free cash flow | 15.1 | 11.5 | 7.2 | 9.5 | 24.5 | — | 35.5 | — | — | 13.0 |
| Price / operating cash flow | 10.6 | 9.9 | 6.0 | 7.3 | 18.8 | — | 13.4 | — | 4.2 | 5.8 |
| EV / sales | 3.6 | 3.7 | 2.5 | 3.3 | 6.3 | 13.1 | 2.3 | 0.8 | -0.2 | 0.6 |
| EV / EBITDA | 17.9 | 22.0 | 13.5 | 17.3 | 41.3 | 230.3 | 55.1 | — | — | 3.5 |
| EV / free cash flow | 15.5 | 12.2 | 8.8 | 12.8 | 30.4 | — | 30.0 | — | — | 5.8 |
| Earnings yield | 5.8% | 1.0% | −12.5% | −9.3% | 0.0% | −1.8% | −5.9% | −33.0% | −169.4% | −5.2% |
| Free cash flow yield | 6.6% | 8.7% | 13.9% | 10.5% | 4.1% | −0.9% | 2.8% | −22.7% | −20.7% | 7.7% |
| Dividend yield | — | — | 0.3% | — | 0.6% | — | — | — | — | — |
| Shareholder yield (dividends + buybacks) | 1.9% | 0.6% | 1.2% | 1.1% | 0.8% | 0.3% | 0.4% | 0.9% | 2.6% | 1.7% |
| Share price at fiscal year-end | $16.23 | $15.92 | $9.34 | $10.59 | $17.50 | $30.71 | $8.16 | $3.73 | $1.87 | $7.42 |
| Per share | ||||||||||
| Revenue per share | $4.64 | $4.55 | $4.54 | $4.34 | $3.44 | $2.29 | $2.97 | $2.48 | $3.18 | $5.96 |
| Earnings per share | $0.94 | $0.16 | −$1.17 | −$0.98 | $0.00 | −$0.55 | −$0.48 | −$1.23 | −$3.17 | −$0.39 |
| Operating cash flow per share | $1.54 | $1.60 | $1.57 | $1.45 | $0.93 | −$0.12 | $0.61 | −$0.45 | $0.44 | $1.29 |
| Free cash flow per share | $1.08 | $1.38 | $1.30 | $1.11 | $0.72 | −$0.27 | $0.23 | −$0.85 | −$0.39 | $0.57 |
| Cash per share | $3.60 | $3.29 | $2.39 | $2.46 | $1.69 | $1.22 | $1.69 | $1.75 | $2.64 | $4.07 |
| Book value per share | $6.00 | $5.23 | $5.14 | $5.95 | $6.46 | $3.95 | $2.13 | $2.35 | $3.37 | $6.42 |
| Tangible book value per share | −$0.48 | −$1.76 | −$2.56 | −$3.49 | −$3.93 | $1.21 | $1.47 | $1.86 | $2.83 | $4.51 |
| Dividends per share | — | — | $0.03 | — | $0.10 | — | — | — | — | — |
| Capex per share | $0.46 | $0.22 | $0.27 | $0.33 | $0.21 | $0.15 | $0.38 | $0.40 | $0.83 | $0.72 |
| Debt per share | $4.07 | $4.15 | $4.44 | $6.12 | $5.94 | $0.44 | $0.43 | — | — | — |
| Shares outstanding | 153.8M | 146.8M | 136.6M | 132.9M | 136.3M | 96.7M | 52.6M | 50.3M | 48.9M | 46.7M |
| Change in shares outstanding | +4.7% | +7.5% | +2.8% | −2.5% | +40.9% | +83.8% | +4.7% | +2.8% | +4.7% | +4.9% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 17.1% | 3.1% | −21.3% | −15.6% | 0.0% | −21.7% | −22.2% | −43.7% | −66.7% | −6.3% |
| Return on invested capital (ROIC) | 10.3% | 4.7% | −10.8% | −6.5% | −7.3% | −24.4% | −57.6% | −153.4% | −171.0% | −16.4% |
| Return on assets (ROA) | 4.8% | 0.8% | −5.9% | −4.8% | 0.0% | −8.0% | −6.7% | −16.6% | −34.3% | −3.4% |
| Return on tangible assets | 6.7% | 1.2% | −9.7% | −8.9% | 0.0% | −7.9% | −7.1% | −18.4% | −43.3% | −4.2% |
| Free cash flow margin | 23.2% | 30.3% | 28.6% | 25.7% | 20.8% | −11.9% | 7.7% | −34.2% | −12.1% | 9.6% |
| Income quality (OCF / net income) | 1.63 | 10.32 | — | — | — | — | — | — | — | — |
| Financial health | ||||||||||
| Total debt | $626.4M | $608.8M | $606.7M | $813.9M | $809.3M | $42.1M | $22.5M | — | — | — |
| Cash & short-term investments | $553.4M | $483.2M | $326.2M | $326.3M | $230.4M | $117.7M | $88.9M | $88.0M | $129.1M | $190.0M |
| Net debt | $73.0M | $125.6M | $280.4M | $487.6M | $578.9M | −$75.6M | −$66.4M | −$88.0M | −$129.1M | −$190.0M |
| Debt / equity | 0.68 | 0.79 | 0.86 | 1.03 | 0.92 | 0.11 | 0.20 | — | — | — |
| Debt / assets | 0.20 | 0.21 | 0.23 | 0.30 | 0.30 | 0.04 | 0.06 | — | — | — |
| Net debt / EBITDA | 0.51 | 1.12 | 2.43 | 4.44 | 8.07 | −6.02 | −10.08 | — | — | −4.25 |
| Current ratio | 1.02 | 1.14 | 1.09 | 1.18 | 1.14 | 1.16 | 1.17 | 1.25 | 1.40 | 1.79 |
| Quick ratio | 1.02 | 1.14 | 1.10 | 1.18 | 1.14 | 1.16 | 1.17 | 1.25 | 1.40 | 1.79 |
| Interest coverage | 5.2 | 1.9 | -4.8 | -3.9 | -4.1 | -1.5 | -246.3 | — | — | -50.7 |
| Working capital | $39.8M | $207.2M | $120.9M | $201.2M | $148.7M | $84.9M | $45.6M | $59.6M | $87.4M | $173.1M |
| Invested capital | $995.3M | $893.8M | $982.1M | $1.28B | $1.46B | $306.0M | $45.6M | $30.0M | $35.5M | $109.5M |
| Tangible asset value | −$74.0M | −$257.9M | −$349.5M | −$464.1M | −$535.8M | $117.4M | $77.1M | $93.3M | $138.5M | $210.5M |
| Net current asset value | −$360.4M | −$383.4M | −$464.1M | −$594.7M | −$653.7M | $49.7M | $29.9M | $58.5M | $85.6M | $171.3M |
| Graham number | $11.27 | $4.27 | — | — | $0.26 | — | — | — | — | — |
| Graham net-net per share | −$4.63 | −$4.79 | −$5.77 | −$6.49 | −$6.65 | −$0.89 | −$0.59 | $0.00 | $0.71 | $2.44 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | $3.5M | — | $13.1M | — | — | — | — | — |
| Share buybacks (net) | $46.3M | $14.6M | $11.8M | $15.7M | $6.0M | $7.9M | $1.8M | $1.6M | $2.4M | $6.1M |
| Dividends + buybacks / free cash flow | 27.9% | 7.2% | 8.7% | 10.6% | 19.6% | — | 15.3% | — | — | 22.7% |
| Capex / revenue | 9.9% | 4.9% | 6.0% | 7.7% | 6.2% | 6.4% | 12.7% | 16.0% | 26.0% | 12.0% |
| Capex / operating cash flow | 29.9% | 13.9% | 17.4% | 23.1% | 23.0% | — | 62.2% | — | 187.7% | 55.6% |
| Capex / depreciation | 1.31 | 0.56 | 0.16 | 0.21 | 0.20 | 0.29 | 0.62 | 0.56 | 1.12 | 0.78 |
| Stock-based compensation / revenue | 10.7% | 11.5% | 11.7% | 11.1% | 8.7% | 12.9% | 12.0% | 13.1% | 13.2% | 10.3% |
| R&D / revenue | 11.9% | 14.3% | 15.2% | 16.2% | 15.9% | 23.3% | 25.7% | 30.4% | 30.5% | 18.4% |
| SG&A / revenue | 37.1% | 39.4% | 42.4% | 48.8% | 50.2% | 58.2% | 53.9% | 69.8% | 69.0% | 54.6% |
| Efficiency | ||||||||||
| Days sales outstanding | 639.6 | 649.1 | 634.0 | 602.2 | 545.2 | 567.6 | 493.8 | 543.9 | 420.0 | 269.1 |
| Days of inventory on hand | — | — | -9.1 | 0.0 | 0.0 | — | — | — | 0.0 | -19.2 |
| Days payables outstanding | 2,078.0 | 1,978.3 | 1,083.7 | 1,224.0 | 1,339.4 | 1,759.5 | 1,546.3 | 1,341.3 | 1,325.0 | 1,098.8 |
| Cash conversion cycle (days) | -1,438.5 | -1,329.2 | -458.8 | -621.7 | -794.1 | -1,192.0 | -1,052.4 | -797.4 | -905.0 | -848.9 |
| Receivables turnover | 0.57 | 0.56 | 0.58 | 0.61 | 0.67 | 0.64 | 0.74 | 0.67 | 0.87 | 1.36 |
| Payables turnover | 0.18 | 0.18 | 0.34 | 0.30 | 0.27 | 0.21 | 0.24 | 0.27 | 0.28 | 0.33 |
| Inventory turnover | — | — | — | 307,165,000.00 | 201,662,000.00 | — | — | — | 56,836,000.00 | — |
| Asset turnover | 0.24 | 0.24 | 0.23 | 0.21 | 0.26 | 0.33 | 0.41 | 0.34 | 0.34 | 0.53 |
| Average receivables | $1.25B | $1.19B | $1.08B | $952.1M | $699.7M | $344.6M | $211.6M | $185.8M | $179.0M | $205.1M |
| Average payables | $1.52B | $1.40B | $1.22B | $1.03B | $740.0M | $374.8M | $243.1M | $220.5M | $206.3M | $220.5M |
| Average inventory | — | — | −$10.3M | $1 | $1 | — | — | — | $1 | −$3.9M |
| Intangibles / total assets | 31.5% | 35.9% | 39.1% | 46.3% | 52.2% | 28.1% | 8.8% | 6.9% | 6.8% | 17.1% |
Computed from MGNI's annual financial statements (latest annual report filed February 25, 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.
MGNI valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Magnite traded at 17.3 times earnings. Based on the latest twelve months, the trailing P/E is 21.2 and the forward P/E is 22.2. Magnite earned a return on equity of 17.1% and a return on invested capital of 10.3% in fiscal 2025. It ended the year with $626.4 million of debt and $553.4 million in cash and short-term investments, net debt of $73.0 million. It returned $46.3 million to shareholders: $0 in dividends and $46.3 million in share buybacks, 28% of free cash flow. The share count rose 229.6% from 46.7M to 153.8M over 9 years.
See the MGNI income statement, the MGNI chart for price history, or the MGNI stock overview for the latest quote and news.
MGNI key metrics FAQ
What is Magnite's P/E ratio?
Magnite's trailing P/E ratio is 21.2 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 22.2. At the end of fiscal 2025 it was 17.3.
What is Magnite's EV/EBITDA?
Magnite's enterprise value was 17.9 times EBITDA at the end of fiscal 2025 (enterprise value $2.6 billion, EBITDA $143.2 million); the current EV/EBITDA is 20.8.
What is Magnite's return on equity?
Magnite's return on equity (ROE) was 17.1% in fiscal 2025: net income of $144.6 million on average shareholders' equity of $845.3 million.
What is Magnite's ROIC?
Magnite's return on invested capital was 10.3% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Magnite have?
Magnite had total debt of $626.4 million at the end of fiscal 2025, a debt-to-equity ratio of 0.68 and $73.0 million of net debt (0.51 times EBITDA).
Does Magnite buy back its shares?
Yes. Magnite spent $46.3 million on net share repurchases in fiscal 2025 Shares outstanding changed +4.7% over the year, to 153.8M..
What is Magnite's free cash flow yield?
Magnite generated $165.6 million of free cash flow in fiscal 2025, a free cash flow yield of 6.6% on its market value at year-end ($2.5 billion).
What is Magnite's current ratio?
Magnite's current ratio was 1.02 at the end of fiscal 2025: current assets were 1.02 times current liabilities.