LendingTree, Inc. (TREE) Key Metrics
TREE valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $356.5M
- Enterprise value
- $662.7M
- P/E (TTM)
- 2.0 10-yr median 39.6
- Forward P/E
- 3.5
- PEG ratio
- 3.55
- Price / sales
- 0.3 10-yr median 2.5
- Price / book
- 1.1 10-yr median 5.2
- EV / EBITDA
- 5.1 10-yr median 37.1
- Dividend yield
- —
- Beta
- 2.05
TREE key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsTREE valuation Price multiples at each fiscal year-end price.
TREE returns How much profit the business earns on the capital it uses.
TREE per-share figures Results divided by the shares outstanding at year-end.
TREE financial health Debt, liquidity and how easily interest is covered.
TREE efficiency & capital use Working capital cycle and where the cash goes.
TREE valuation history
TREE returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
TREE debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
TREE cash returned to shareholders
TREE price vs earnings per share
TREE key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $746.6M | $514.2M | $392.4M | $272.9M | $1.68B | $3.56B | $4.44B | $3.10B | $4.66B | $1.30B |
| Enterprise value | $1.11B | $951.7M | $891.5M | $886.8M | $2.18B | $4.10B | $4.74B | $3.37B | $4.53B | $1.21B |
| P/E ratio | 4.9 | — | — | — | 24.3 | — | 248.8 | 32.1 | 299.0 | 47.1 |
| Price / sales | 0.7 | 0.6 | 0.6 | 0.3 | 1.5 | 3.9 | 4.0 | 4.0 | 7.5 | 3.4 |
| Price / book | 2.6 | 4.7 | 3.2 | 1.3 | 3.7 | 9.8 | 11.0 | 8.9 | 15.8 | 5.6 |
| Price / free cash flow | 12.3 | 10.1 | 7.1 | 8.7 | 18.7 | — | 35.8 | 32.3 | 51.4 | 90.9 |
| Price / operating cash flow | 10.2 | 8.3 | 5.8 | 6.4 | 13.4 | 92.3 | 30.8 | 28.0 | 47.2 | 26.9 |
| EV / sales | 1.0 | 1.1 | 1.3 | 0.9 | 2.0 | 4.5 | 4.3 | 4.4 | 7.3 | 3.1 |
| EV / EBITDA | 10.7 | 13.0 | 25.3 | 52.0 | 35.8 | 67.2 | 40.4 | 38.4 | 83.5 | 20.8 |
| EV / free cash flow | 18.2 | 18.6 | 16.2 | 28.1 | 24.2 | — | 38.3 | 35.1 | 50.0 | 84.8 |
| Earnings yield | 20.3% | −8.1% | −31.2% | −68.9% | 4.1% | −1.4% | 0.4% | 3.1% | 0.3% | 2.1% |
| Free cash flow yield | 8.1% | 9.9% | 14.0% | 11.6% | 5.3% | −0.1% | 2.8% | 3.1% | 1.9% | 1.1% |
| Dividend yield | — | — | — | — | — | — | — | 0.0% | 0.0% | 0.0% |
| Shareholder yield (dividends + buybacks) | — | 0.4% | 0.3% | 15.8% | 2.4% | 0.1% | 0.1% | 3.0% | 0.4% | 3.7% |
| Share price at fiscal year-end | $53.09 | $38.75 | $30.32 | $21.33 | $122.60 | $273.79 | $303.44 | $219.57 | $340.45 | $101.35 |
| Per share | ||||||||||
| Revenue per share | $79.46 | $67.84 | $51.97 | $76.99 | $80.21 | $69.96 | $75.70 | $54.26 | $45.15 | $30.05 |
| Earnings per share | $10.76 | −$3.14 | −$9.46 | −$14.69 | $5.05 | −$3.71 | $1.22 | $6.85 | $1.14 | $2.15 |
| Operating cash flow per share | $5.20 | $4.69 | $5.22 | $3.36 | $9.12 | $2.97 | $9.84 | $7.85 | $7.22 | $3.77 |
| Free cash flow per share | $4.32 | $3.85 | $4.25 | $2.46 | $6.56 | −$0.28 | $8.47 | $6.80 | $6.63 | $1.12 |
| Cash per share | $5.77 | $8.03 | $8.66 | $23.36 | $18.34 | $13.06 | $4.12 | $7.46 | $26.94 | $7.13 |
| Book value per share | $20.40 | $8.20 | $9.59 | $16.25 | $32.71 | $28.04 | $27.52 | $24.56 | $21.55 | $18.09 |
| Tangible book value per share | −$9.45 | −$23.81 | −$23.80 | −$21.15 | −$4.23 | −$14.14 | −$13.64 | −$14.74 | $7.34 | $8.08 |
| Dividends per share | — | — | — | — | — | — | — | $0.04 | $0.00 | $0.00 |
| Capex per share | $0.88 | $0.85 | $0.97 | $0.89 | $2.56 | $3.24 | $1.37 | $1.06 | $0.59 | $2.66 |
| Debt per share | $31.26 | $41.00 | $47.23 | $71.35 | $54.69 | $54.52 | $25.15 | $26.67 | $17.82 | $0.39 |
| Shares outstanding | 14.1M | 13.3M | 12.9M | 12.8M | 13.7M | 13.0M | 14.6M | 14.1M | 13.7M | 12.8M |
| Change in shares outstanding | +6.0% | +2.5% | +1.2% | −6.6% | +5.3% | −11.0% | +3.7% | +3.0% | +7.0% | +1.9% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 76.5% | −35.8% | −73.7% | −57.3% | 17.0% | −12.6% | 4.8% | 30.1% | 5.9% | 11.6% |
| Return on invested capital (ROIC) | 13.8% | 6.0% | −4.4% | −2.9% | 0.8% | −0.6% | 7.6% | 14.3% | 15.9% | 34.3% |
| Return on assets (ROA) | 18.6% | −5.3% | −12.2% | −15.0% | 5.6% | −4.5% | 1.9% | 12.1% | 3.1% | 8.8% |
| Return on tangible assets | 34.7% | −12.2% | −33.0% | −26.1% | 8.7% | −7.5% | 5.1% | 28.2% | 3.1% | 13.9% |
| Free cash flow margin | 5.4% | 5.7% | 8.2% | 3.2% | 8.2% | −0.4% | 11.2% | 12.5% | 14.7% | 3.7% |
| Income quality (OCF / net income) | 0.48 | — | — | — | 1.81 | — | 8.07 | 1.15 | 6.34 | 1.75 |
| Financial health | ||||||||||
| Total debt | $439.6M | $544.1M | $611.2M | $912.8M | $748.9M | $709.1M | $367.6M | $375.9M | $243.8M | $5.0M |
| Cash & short-term investments | $81.1M | $106.6M | $112.1M | $298.8M | $251.2M | $169.9M | $60.2M | $105.1M | $368.6M | $91.1M |
| Net debt | $358.5M | $437.5M | $499.1M | $613.9M | $497.7M | $539.2M | $307.4M | $270.8M | −$124.8M | −$86.1M |
| Debt / equity | 1.53 | 5.00 | 4.92 | 4.39 | 1.67 | 1.94 | 0.91 | 1.09 | 0.83 | 0.02 |
| Debt / assets | 0.51 | 0.71 | 0.76 | 0.76 | 0.58 | 0.60 | 0.39 | 0.42 | 0.35 | 0.02 |
| Net debt / EBITDA | 3.46 | 5.98 | 14.16 | 36.01 | 8.18 | 8.83 | 2.62 | 3.09 | −2.30 | −1.48 |
| Current ratio | 1.75 | 0.99 | 2.60 | 5.02 | 1.36 | 2.65 | 0.82 | 0.89 | 2.97 | 2.11 |
| Quick ratio | 1.75 | 0.99 | 2.60 | 4.95 | 1.36 | 2.57 | 0.82 | 0.81 | 2.94 | 2.05 |
| Interest coverage | 1.8 | 1.6 | -1.9 | -1.3 | 0.2 | -0.2 | 2.5 | 4.5 | 4.7 | 92.9 |
| Working capital | $103.2M | −$2.0M | $120.9M | $331.4M | $99.9M | $184.6M | −$41.3M | −$27.8M | $290.5M | $73.9M |
| Invested capital | $645.3M | $546.3M | $623.2M | $821.9M | $945.7M | $904.0M | $709.7M | $617.0M | $170.1M | $145.3M |
| Tangible asset value | −$132.8M | −$316.0M | −$308.0M | −$270.5M | −$57.9M | −$183.9M | −$199.4M | −$207.8M | $100.4M | $103.3M |
| Net current asset value | −$328.2M | −$420.4M | −$482.1M | −$577.4M | −$477.0M | −$527.8M | −$356.2M | −$315.7M | $39.5M | $46.2M |
| Graham number | $70.27 | — | — | — | $60.95 | — | $27.48 | $61.50 | $23.50 | $29.58 |
| Graham net-net per share | −$28.79 | −$34.93 | −$40.60 | −$48.32 | −$38.47 | −$44.79 | −$27.37 | −$25.94 | $0.89 | $2.36 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | — | — | — | — | $499,000 | $0 | $0 |
| Share buybacks (net) | — | $2.2M | $1.1M | $43.0M | $40.0M | $3.9M | $5.5M | $93.7M | $19.9M | $48.5M |
| Dividend payout ratio | — | — | — | — | — | — | — | 0.5% | 0.0% | 0.0% |
| Dividends + buybacks / free cash flow | — | 4.3% | 2.0% | 136.4% | 44.5% | — | 4.4% | 98.3% | 21.9% | 340.1% |
| Capex / revenue | 1.1% | 1.2% | 1.9% | 1.2% | 3.2% | 4.6% | 1.8% | 1.9% | 1.3% | 8.8% |
| Capex / operating cash flow | 17.0% | 18.0% | 18.5% | 26.6% | 28.1% | 109.3% | 13.9% | 13.5% | 8.1% | 70.4% |
| Capex / depreciation | 0.57 | 0.46 | 0.47 | 0.25 | 0.58 | 0.63 | 0.30 | 0.47 | 0.37 | 5.49 |
| Stock-based compensation / revenue | 2.6% | 3.2% | 5.9% | 6.1% | 6.2% | 5.9% | 4.7% | 5.8% | 3.8% | 2.5% |
| R&D / revenue | 4.0% | 5.1% | 7.0% | 5.6% | 4.8% | 4.8% | 3.6% | 3.5% | 2.9% | 3.6% |
| SG&A / revenue | 82.9% | 82.7% | 82.0% | 86.8% | 84.4% | 82.0% | 77.0% | 78.6% | 81.6% | 77.6% |
| Efficiency | ||||||||||
| Days sales outstanding | 37.4 | 35.1 | 40.8 | 35.7 | 31.2 | 40.8 | 33.7 | 34.5 | 28.2 | 34.1 |
| Days of inventory on hand | — | — | 27.4 | 18.7 | 28.0 | 29.7 | 58.0 | 129.0 | 87.5 | 142.4 |
| Days payables outstanding | 42.9 | 52.2 | 18.8 | 11.8 | 37.6 | 43.5 | 47.9 | 122.0 | 157.3 | 150.3 |
| Cash conversion cycle (days) | -5.5 | -17.1 | 49.4 | 42.7 | 21.6 | 27.0 | 43.9 | 41.6 | -41.6 | 26.2 |
| Receivables turnover | 9.76 | 10.39 | 8.95 | 10.21 | 11.72 | 8.95 | 10.82 | 10.59 | 12.96 | 10.72 |
| Payables turnover | 8.50 | 6.99 | 19.43 | 31.04 | 9.71 | 8.39 | 7.62 | 2.99 | 2.32 | 2.43 |
| Inventory turnover | — | — | 13.32 | 19.50 | 13.03 | 12.29 | 6.29 | 2.83 | 4.17 | 2.56 |
| Asset turnover | 1.38 | 1.15 | 0.67 | 0.79 | 0.88 | 0.85 | 1.20 | 0.96 | 1.21 | 1.24 |
| Average receivables | $114.4M | $86.6M | $75.1M | $96.5M | $93.7M | $101.7M | $102.3M | $72.3M | $47.7M | $35.9M |
| Average payables | $7.5M | $5.2M | $2.0M | $1.9M | $5.9M | $6.5M | $9.0M | $12.2M | $7.4M | $5.7M |
| Average inventory | — | — | $2.9M | $3.0M | $4.4M | $4.4M | $10.9M | $12.9M | $4.1M | $5.4M |
| Intangibles / total assets | 49.0% | 55.3% | 53.8% | 39.9% | 38.9% | 46.1% | 63.5% | 61.8% | 28.0% | 39.3% |
Computed from TREE's annual financial statements (latest annual report filed March 9, 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.
TREE valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), LendingTree traded at 4.9 times earnings, against a 10-year median of 39.6. Based on the latest twelve months, the trailing P/E is 2.0 and the forward P/E is 3.5. LendingTree earned a return on equity of 76.5% and a return on invested capital of 13.8% in fiscal 2025. It ended the year with $439.6 million of debt and $81.1 million in cash and short-term investments, net debt of $358.5 million. The share count rose 9.9% from 12.8M to 14.1M over 9 years.
See the TREE income statement, the TREE chart for price history, or the TREE stock overview for the latest quote and news.
TREE key metrics FAQ
What is LendingTree's P/E ratio?
LendingTree's trailing P/E ratio is 2.0 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 3.5. At the end of fiscal 2025 it was 4.9, compared with a 10-year median of 39.6.
What is LendingTree's EV/EBITDA?
LendingTree's enterprise value was 10.7 times EBITDA at the end of fiscal 2025 (enterprise value $1.1 billion, EBITDA $103.8 million); the current EV/EBITDA is 5.1.
What is LendingTree's return on equity?
LendingTree's return on equity (ROE) was 76.5% in fiscal 2025: net income of $151.3 million on average shareholders' equity of $197.8 million.
What is LendingTree's ROIC?
LendingTree's return on invested capital was 13.8% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does LendingTree have?
LendingTree had total debt of $439.6 million at the end of fiscal 2025, a debt-to-equity ratio of 1.53 and $358.5 million of net debt (3.46 times EBITDA).
What is LendingTree's free cash flow yield?
LendingTree generated $60.7 million of free cash flow in fiscal 2025, a free cash flow yield of 8.1% on its market value at year-end ($746.6 million).
What is LendingTree's current ratio?
LendingTree's current ratio was 1.75 at the end of fiscal 2025: current assets were 1.75 times current liabilities.