Match Group, Inc. (MTCH) Key Metrics
MTCH valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $10.02B
- Enterprise value
- $12.54B
- P/E (TTM)
- 15.2 10-yr median 18.9
- Forward P/E
- 9.7
- PEG ratio
- 0.35
- Price / sales
- 2.8 10-yr median 2.9
- Price / book
- 11.0 10-yr median 2.7
- EV / EBITDA
- 11.3 10-yr median 16.6
- Dividend yield
- 1.86% $0.80 a year
- Beta
- 1.43
MTCH key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsMTCH valuation Price multiples at each fiscal year-end price.
MTCH returns How much profit the business earns on the capital it uses.
MTCH per-share figures Results divided by the shares outstanding at year-end.
MTCH financial health Debt, liquidity and how easily interest is covered.
MTCH efficiency & capital use Working capital cycle and where the cash goes.
MTCH valuation history
MTCH returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
MTCH debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
MTCH cash returned to shareholders
MTCH price vs earnings per share
MTCH key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $8.48B | $9.13B | $10.70B | $12.25B | $40.32B | $38.71B | $16.98B | $8.78B | $5.77B | $2.95B |
| Enterprise value | $11.42B | $12.01B | $13.68B | $15.52B | $43.42B | $41.81B | $19.42B | $8.79B | $6.12B | $3.14B |
| P/E ratio | 13.8 | 16.6 | 16.4 | 33.8 | 145.2 | 238.5 | 39.4 | 14.0 | 18.9 | — |
| Price / sales | 2.4 | 2.6 | 3.2 | 3.8 | 13.5 | 16.2 | 8.3 | 2.1 | 1.7 | 0.9 |
| Price / book | — | — | — | — | — | — | 5.8 | 3.1 | 2.4 | 1.6 |
| Price / free cash flow | 8.3 | 10.3 | 12.9 | 25.7 | 48.4 | 50.9 | 21.2 | 9.7 | 16.9 | 13.8 |
| Price / operating cash flow | 7.8 | 9.8 | 11.9 | 23.3 | 44.2 | 48.3 | 18.1 | 8.9 | 13.8 | 10.1 |
| EV / sales | 3.3 | 3.5 | 4.1 | 4.9 | 14.6 | 17.5 | 9.5 | 2.1 | 1.9 | 1.0 |
| EV / EBITDA | 11.4 | 12.6 | 13.1 | 23.4 | 101.4 | 52.1 | 23.6 | 15.0 | 15.7 | 17.5 |
| EV / free cash flow | 11.2 | 13.6 | 16.5 | 32.6 | 52.2 | 55.0 | 24.2 | 9.7 | 17.9 | 14.6 |
| Earnings yield | 7.2% | 6.0% | 6.1% | 3.0% | 0.7% | 0.4% | 2.5% | 7.1% | 5.3% | −1.4% |
| Free cash flow yield | 12.1% | 9.7% | 7.7% | 3.9% | 2.1% | 2.0% | 4.7% | 10.3% | 5.9% | 7.3% |
| Dividend yield | 2.2% | 0.0% | 0.0% | — | — | 2.7% | 0.0% | 6.3% | 19.6% | 13.5% |
| Shareholder yield (dividends + buybacks) | 11.5% | 8.2% | 5.1% | 3.9% | 0.0% | 3.1% | 1.3% | 7.9% | 20.6% | 24.0% |
| Share price at fiscal year-end | $32.29 | $32.71 | $36.50 | $41.49 | $132.25 | $151.19 | $82.11 | $42.77 | $31.31 | $17.10 |
| Per share | ||||||||||
| Revenue per share | $13.29 | $12.47 | $11.47 | $10.80 | $9.79 | $9.34 | $9.92 | $20.76 | $17.96 | $18.17 |
| Earnings per share | $2.34 | $1.98 | $2.22 | $1.23 | $0.91 | $0.63 | $2.08 | $3.05 | $1.66 | −$0.24 |
| Operating cash flow per share | $4.12 | $3.34 | $3.06 | $1.78 | $2.99 | $3.13 | $4.54 | $4.81 | $2.26 | $1.69 |
| Free cash flow per share | $3.90 | $3.16 | $2.83 | $1.61 | $2.73 | $2.97 | $3.87 | $4.39 | $1.85 | $1.24 |
| Cash per share | $3.93 | $3.48 | $2.96 | $1.97 | $2.71 | $2.89 | $2.25 | $10.98 | $8.88 | $8.21 |
| Book value per share | −$0.97 | −$0.23 | −$0.07 | −$1.22 | −$0.67 | −$5.52 | $14.16 | $13.85 | $13.20 | $10.82 |
| Tangible book value per share | −$10.61 | −$9.28 | −$9.10 | −$10.38 | −$11.11 | −$11.39 | $7.06 | −$2.51 | −$4.31 | −$2.37 |
| Dividends per share | $0.71 | $0.00 | $0.00 | — | — | $4.16 | $0.00 | $2.71 | $6.13 | $2.32 |
| Capex per share | $0.22 | $0.18 | $0.23 | $0.17 | $0.26 | $0.17 | $0.66 | $0.42 | $0.41 | $0.45 |
| Debt per share | $15.14 | $13.79 | $13.10 | $13.04 | $12.89 | $15.00 | $14.04 | $11.00 | $10.82 | $9.28 |
| Shares outstanding | 262.5M | 279.1M | 293.3M | 295.2M | 304.8M | 256.0M | 206.8M | 205.3M | 184.1M | 172.8M |
| Change in shares outstanding | −5.9% | −4.8% | −0.7% | −3.2% | +19.1% | +23.8% | +0.7% | +11.5% | +6.6% | −9.3% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | — | — | — | — | — | — | 14.9% | 23.8% | 14.2% | −2.2% |
| Return on invested capital (ROIC) | 26.1% | 22.4% | 26.2% | 17.0% | 37.1% | 19.7% | 15.3% | 20.0% | 7.8% | −1.3% |
| Return on assets (ROA) | 13.7% | 12.3% | 15.0% | 7.8% | 6.8% | 2.8% | 5.7% | 9.8% | 5.8% | −0.8% |
| Return on tangible assets | 31.8% | 28.4% | 35.0% | 24.5% | 14.8% | 10.5% | 6.3% | 17.8% | 11.5% | −1.7% |
| Free cash flow margin | 29.4% | 25.4% | 24.7% | 14.9% | 27.9% | 31.8% | 39.1% | 21.2% | 10.3% | 6.8% |
| Income quality (OCF / net income) | 1.76 | 1.69 | 1.38 | 1.45 | 3.29 | 4.94 | 2.18 | 1.58 | 1.37 | — |
| Financial health | ||||||||||
| Total debt | $3.97B | $3.85B | $3.84B | $3.85B | $3.93B | $3.84B | $2.90B | $2.26B | $1.99B | $1.60B |
| Cash & short-term investments | $1.03B | $970.7M | $868.6M | $581.1M | $827.2M | $739.2M | $465.7M | $2.26B | $1.64B | $1.42B |
| Net debt | $2.94B | $2.88B | $2.97B | $3.27B | $3.10B | $3.10B | $2.44B | $4.0M | $357.4M | $184.0M |
| Debt / equity | — | — | — | — | — | — | 0.99 | 0.79 | 0.82 | 0.86 |
| Debt / assets | 0.89 | 0.86 | 0.85 | 0.92 | 0.78 | 1.26 | 0.35 | 0.33 | 0.34 | 0.34 |
| Net debt / EBITDA | 2.94 | 3.02 | 2.84 | 4.93 | 7.25 | 3.86 | 2.96 | 0.01 | 0.91 | 1.03 |
| Current ratio | 1.42 | 2.54 | 2.39 | 1.59 | 1.04 | 2.04 | 3.67 | 3.13 | 2.66 | 2.58 |
| Quick ratio | 1.42 | 2.54 | 2.30 | 1.59 | 1.04 | 1.83 | 3.67 | 3.06 | 2.66 | 2.58 |
| Interest coverage | 5.9 | 5.1 | 5.7 | 3.5 | 6.5 | 5.7 | 4.6 | 5.2 | 1.8 | -0.3 |
| Working capital | $420.7M | $848.3M | $739.5M | $326.0M | $50.0M | $520.2M | $2.70B | $1.88B | $1.33B | $1.13B |
| Invested capital | $2.69B | $2.81B | $2.95B | $2.91B | $2.90B | $1.69B | $5.37B | $2.85B | $2.79B | $2.05B |
| Tangible asset value | −$2.79B | −$2.59B | −$2.67B | −$3.06B | −$3.38B | −$2.91B | $2.47B | $259.2M | −$233.1M | −$236.0M |
| Net current asset value | −$3.29B | −$3.13B | −$3.26B | −$3.66B | −$4.04B | −$3.44B | −$713.9M | −$494.4M | −$752.9M | −$759.6M |
| Graham number | — | — | — | — | — | — | $25.77 | $30.84 | $22.17 | — |
| Graham net-net per share | −$13.16 | −$11.88 | −$11.63 | −$12.93 | −$14.07 | −$13.92 | −$18.71 | −$3.43 | −$5.37 | −$5.72 |
| Capital allocation | ||||||||||
| Dividends paid | $186.3M | $0 | $0 | — | — | $1.06B | $0 | $556.4M | $1.13B | $400.0M |
| Share buybacks (net) | $788.8M | $752.7M | $546.2M | $482.0M | $15.7M | $132.9M | $216.4M | $133.5M | $56.4M | $309.8M |
| Dividend payout ratio | 30.4% | 0.0% | 0.0% | — | — | 655.7% | 0.0% | 88.7% | 370.3% | — |
| Dividends + buybacks / free cash flow | 95.3% | 85.3% | 65.9% | 101.2% | 1.9% | 157.6% | 27.0% | 76.4% | 347.5% | 331.2% |
| Capex / revenue | 1.6% | 1.5% | 2.0% | 1.5% | 2.7% | 1.8% | 6.7% | 2.0% | 2.3% | 2.5% |
| Capex / operating cash flow | 5.3% | 5.4% | 7.5% | 9.3% | 8.8% | 5.3% | 14.6% | 8.7% | 18.1% | 26.7% |
| Capex / depreciation | 0.54 | 0.58 | 0.62 | 1.13 | 1.93 | 0.87 | 0.76 | 0.47 | 0.65 | 0.52 |
| Stock-based compensation / revenue | 7.4% | 7.7% | 6.9% | 6.4% | 4.9% | 4.3% | 11.7% | 5.6% | 8.0% | 3.3% |
| R&D / revenue | 12.9% | 12.7% | 11.4% | 10.5% | 8.1% | 7.1% | 7.4% | 7.3% | 7.6% | 6.3% |
| SG&A / revenue | 31.9% | 30.5% | 29.7% | 30.4% | 32.9% | 33.1% | 33.3% | 53.8% | 63.5% | 57.1% |
| Efficiency | ||||||||||
| Days sales outstanding | 32.9 | 32.7 | 26.6 | 21.8 | 19.9 | 19.3 | 42.3 | 29.8 | 33.0 | 31.3 |
| Days of inventory on hand | — | — | 17.8 | — | 22.9 | 60.5 | — | 11.1 | 0.0 | — |
| Days payables outstanding | 5.4 | 5.8 | 5.1 | 9.8 | 14.6 | 14.2 | 32.9 | 30.3 | 39.1 | 36.2 |
| Cash conversion cycle (days) | 27.5 | 26.9 | 39.2 | 12.0 | 28.2 | 65.6 | 9.4 | 10.6 | -6.0 | -4.9 |
| Receivables turnover | 11.10 | 11.16 | 13.72 | 16.76 | 18.33 | 18.87 | 8.63 | 12.24 | 11.05 | 11.66 |
| Payables turnover | 68.13 | 63.04 | 70.97 | 37.23 | 25.03 | 25.75 | 11.09 | 12.03 | 9.34 | 10.09 |
| Inventory turnover | — | — | 20.55 | — | 15.94 | 6.04 | — | 32.78 | 1,302,016,000.00 | — |
| Asset turnover | 0.78 | 0.78 | 0.77 | 0.69 | 0.74 | 0.42 | 0.27 | 0.67 | 0.63 | 0.64 |
| Average receivables | $314.2M | $311.8M | $245.3M | $190.2M | $162.8M | $126.7M | $237.8M | $348.2M | $299.4M | $269.2M |
| Average payables | $13.9M | $15.7M | $13.4M | $25.8M | $33.5M | $24.7M | $47.5M | $75.7M | $69.7M | $74.9M |
| Average inventory | — | — | $46.4M | — | $52.7M | $105.3M | — | $27.8M | $0 | $0 |
| Intangibles / total assets | 56.8% | 56.6% | 58.7% | 64.7% | 62.9% | 49.3% | 17.6% | 48.9% | 54.9% | 49.1% |
Computed from MTCH's annual financial statements (latest annual report filed February 26, 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.
MTCH valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Match traded at 13.8 times earnings, against a 10-year median of 18.9. Based on the latest twelve months, the trailing P/E is 15.2 and the forward P/E is 9.7. Match earned a return on invested capital of 26.1% in fiscal 2025. It ended the year with $4.0 billion of debt and $1.0 billion in cash and short-term investments, net debt of $2.9 billion. It returned $975.1 million to shareholders: $186.3 million in dividends and $788.8 million in share buybacks, 95% of free cash flow. The share count rose 51.9% from 172.8M to 262.5M over 9 years.
See the MTCH income statement, the MTCH chart for price history, or the MTCH stock overview for the latest quote and news.
MTCH key metrics FAQ
What is Match's P/E ratio?
Match's trailing P/E ratio is 15.2 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 9.7. At the end of fiscal 2025 it was 13.8, compared with a 10-year median of 18.9.
What is Match's EV/EBITDA?
Match's enterprise value was 11.4 times EBITDA at the end of fiscal 2025 (enterprise value $11.4 billion, EBITDA $999.2 million); the current EV/EBITDA is 11.3.
What is Match's ROIC?
Match's return on invested capital was 26.1% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Match have?
Match had total debt of $4.0 billion at the end of fiscal 2025 and $2.9 billion of net debt (2.94 times EBITDA).
What is Match's dividend yield?
Match's forward dividend yield is 1.86%. Match paid $186.3 million in dividends in fiscal 2025 ($0.71 per share), a payout ratio of 30.4%.
Does Match buy back its shares?
Yes. Match spent $788.8 million on net share repurchases in fiscal 2025 Shares outstanding changed −5.9% over the year, to 262.5M..
What is Match's free cash flow yield?
Match generated $1.0 billion of free cash flow in fiscal 2025, a free cash flow yield of 12.1% on its market value at year-end ($8.5 billion).
What is Match's current ratio?
Match's current ratio was 1.42 at the end of fiscal 2025: current assets were 1.42 times current liabilities.