MediaAlpha (MAX) FCF Margin (2019 - 2026)
MediaAlpha (MAX) posted quarterly FCF Margin of 13.2% for Q2 2026, up 304.0% year-over-year from 3.27% in Q2 2025, and up 2659.85% quarter-over-quarter from 0.52% in Q1 2026.
MediaAlpha (MAX) FCF Margin (2019 - 2026) Analysis & Trends
MediaAlpha (MAX) has reported FCF Margin for 8 consecutive years, with 13.2% the latest figure, recorded in Q2 2026.
- In Q2 2026, FCF Margin rose 304.0% year-over-year to 13.2%; the TTM figure through Jun 2026 stood at 4.6% (down 207.0% YoY), while the FY2025 annual figure was 5.86%, up 58.0% from the prior year.
- FCF Margin grew to 13.2% in Q2 2026 per MAX's latest filing, from 0.52% in the prior quarter.
- Across five years, FCF Margin topped out at 16.66% in Q3 2022 and bottomed at 5.39% in Q4 2022.
- Historically, FCF Margin has averaged 5.83% across 5 years, with a median of 5.31% in 2022.
- On a YoY basis, FCF Margin climbed as much as 1123 bps in 2022 and fell as far as 1892 bps in 2022.
- MediaAlpha's FCF Margin stood at 5.39% in 2022, then jumped by 184 bps to 4.51% in 2023, then rose by 7 bps to 4.82% in 2024, then tumbled by 153 bps to 2.57% in 2025, then soared by 613 bps to 13.2% in 2026.
- Business Quant data shows MAX's FCF Margin at 13.2% in Q2 2026, 0.52% in Q1 2026, and 2.57% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,174.14 Bn | 3,745.10 Bn | 73.85 Bn | -4.89% |
| 2 | Meta Platforms | 1,527.63 Bn | 1,437.37 Bn | 49.47 Bn | 2.87% |
| 3 | Taboola.com | 1,144.63 Bn | 1,144.50 Bn | 139.48 Mn | - |
| 4 | Baidu | 288.75 Bn | 284.26 Bn | 1.88 Mn | 26.66% |
| 5 | Spotify Technology | 103.22 Bn | 92.98 Bn | 1.75 Bn | 18.55% |
| 6 | Joyy | 77.46 Bn | 76.57 Bn | 205.64 Mn | - |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | 54.09% |
| 8 | Nebius | 49.36 Bn | 39.73 Bn | 295.20 Mn | 1,185.69% |
| 9 | 30.24 Bn | 27.45 Bn | 734.60 Mn | 32.39% | |
| 10 | MediaAlpha | 703.02 Mn | 679.28 Mn | 45.17 Mn | 13.20% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 13.20% |
| Mar 31, 2026 | -0.52% |
| Dec 31, 2025 | -2.57% |
| Sep 30, 2025 | 7.68% |
| Jun 30, 2025 | 10.15% |
| Mar 31, 2025 | 8.95% |
| Dec 31, 2024 | 4.82% |
| Sep 30, 2024 | 3.09% |
| Jun 30, 2024 | 12.05% |
| Mar 31, 2024 | 1.30% |
| Dec 31, 2023 | 4.51% |
| Sep 30, 2023 | -1.90% |
| Jun 30, 2023 | 4.44% |
| Mar 31, 2023 | 11.22% |
| Dec 31, 2022 | -5.39% |
| Sep 30, 2022 | 16.66% |
| Jun 30, 2022 | 11.37% |
| Mar 31, 2022 | 5.80% |
| Dec 31, 2021 | 13.53% |
| Sep 30, 2021 | 8.10% |