Merchants Bancorp Ratios and Metrics

Market cap in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 1, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Cap	2,127	1,563	1,669	1,841	1,049	1,362
Market Cap Growth	41.71%	-6.35%	-9.35%	75.61%	-23.04%	71.52%
Enterprise Value	6,324	2,114	2,341	2,341	1,548	1,724
Last Close Price	46.30	34.06	36.47	42.58	24.32	31.55
PE Ratio	11.29	9.01	5.79	7.55	5.44	6.63
Forward PE	8.83	7.50	6.86	7.71	5.73	7.98
PS Ratio	3.62	2.77	2.58	3.52	2.45	3.17
PB Ratio	1.22	0.69	0.74	1.08	0.72	1.18
P/TBV Ratio	1.01	0.69	0.73	1.09	0.72	1.18
P/FCF Ratio	-	-	-	-	1.08	-
P/OCF Ratio	-	-	-	-	1.07	-
EV/Sales Ratio	10.80	3.75	3.62	4.48	3.62	4.01
EV/EBITDA Ratio	-	610.22	776.80	820.79	622.99	787.08
EV/FCF Ratio	-	-	-	-	1.60	-
Asset Turnover	0.03	0.03	0.04	0.04	0.04	0.04
Return on Equity (ROE)	9.90%	9.67%	16.25%	17.67%	16.80%	23.10%
Earnings Yield	8.90%	11.10%	17.27%	13.25%	18.38%	15.09%
FCF Yield	-	-	-	-	92.42%	-
Dividend Yield	0.95%	3.80%	3.13%	2.64%	3.63%	2.29%
Payout Ratio	10.24%	34.24%	18.04%	19.83%	19.65%	15.15%
Buyback Yield / Dilution	-0.76%	-2.08%	-3.83%	-0.07%	0.02%	-0.37%
Total Shareholder Return	0.19%	1.72%	-0.70%	2.57%	3.65%	1.93%

SEC Filings: 10-K · 10-Q