MediaAlpha (MAX) Debt Ratio (2019 - 2026)
MediaAlpha's Debt Ratio came in at 0.49 for Q2 2026, down 22.5% from 0.63 a year earlier but up 10.5% from the prior quarter.
Powered by 
Analysis
MediaAlpha (MAX) Debt Ratio (2019 - 2026) Analysis & Trends
For FY2025, MediaAlpha's Debt Ratio was 0.40, down 35.4% from FY2024.
- Going back by year, Debt Ratio was 0.62 in FY2024 (-45.3%), 1.13 in FY2023 (+5.2%), 1.08 in FY2022 (+67.0%) and 0.64 in FY2021 (-25.8%).
- The five-year range for quarterly Debt Ratio is 0.40 (Q4 2025) to 1.33 (Q3 2023).
- Year-over-year, Debt Ratio has declined for ten consecutive quarters, with an average decline of 33.2% over the last eight quarters.
- The fastest year-over-year change in Debt Ratio over five years came in Q3 2023 (growth of 84.9%), and the weakest in Q3 2021 (a decline of 50.5%).
- Business Quant data shows MAX's Debt Ratio at 0.44 (Q1 2026), 0.40 (Q4 2025) and 0.58 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,164.76 Bn | 3,922.28 Bn | 73.85 Bn | 0.11 |
| 2 | Meta Platforms | 1,823.40 Bn | 1,525.92 Bn | 49.47 Bn | 0.19 |
| 3 | Netflix | 288.27 Bn | 248.47 Bn | 6.52 Bn | 0.24 |
| 4 | Alibaba Group Holding | 252.72 Bn | 70.58 Bn | 15.11 Bn | 0.09 |
| 5 | Shopify | 186.52 Bn | 163.71 Bn | 1.71 Bn | - |
| 6 | Uber Technologies | 139.11 Bn | 111.09 Bn | 6.38 Bn | 0.19 |
| 7 | Booking Holdings | 123.13 Bn | 56.18 Bn | - | 0.68 |
| 8 | PDD Holdings | 111.72 Bn | -140.21 Bn | 9.45 Bn | - |
| 9 | AppLovin | 103.35 Bn | 93.38 Bn | 1.70 Bn | 0.43 |
| 10 | MediaAlpha | 488.00 Mn | 319.13 Mn | 45.17 Mn | 0.49 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.49 |
| Mar 31, 2026 | 0.44 |
| Dec 31, 2025 | 0.40 |
| Sep 30, 2025 | 0.58 |
| Jun 30, 2025 | 0.63 |
| Mar 31, 2025 | 0.67 |
| Dec 31, 2024 | 0.62 |
| Sep 30, 2024 | 0.70 |
| Jun 30, 2024 | 0.84 |
| Mar 31, 2024 | 1.12 |
| Dec 31, 2023 | 1.13 |
| Sep 30, 2023 | 1.33 |
| Jun 30, 2023 | 1.27 |
| Mar 31, 2023 | 1.18 |
| Dec 31, 2022 | 1.08 |
| Sep 30, 2022 | 0.72 |
| Jun 30, 2022 | 0.73 |
| Mar 31, 2022 | 0.67 |
| Dec 31, 2021 | 0.64 |
| Sep 30, 2021 | 0.76 |
API Access
MediaAlpha Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=MAX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "MAX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=MAX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();