MediaAlpha (MAX) FCF Margin (2019 - 2026)
MediaAlpha (MAX) recorded FCF Margin of 5.71% in Q3 2026, down 1.97 percentage points from 7.68% a year earlier and down 7.48 percentage points from the prior quarter.
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Analysis
MediaAlpha (MAX) FCF Margin (2019 - 2026) Analysis & Trends
On a TTM basis, MediaAlpha's FCF Margin came in at 4.19% as of Sep 30, 2026, down 3.58 percentage points year-over-year; for FY2025, it was 5.86%, up 0.58 percentage points from FY2024.
- Annual FCF Margin has a five-year change of -2.88 percentage points (FY2020 to FY2025).
- Across earlier years, FCF Margin came in at 5.28% in FY2024 (+0.08 pp), 5.19% in FY2023 (-0.94 pp), 6.14% in FY2022 (+1.80 pp) and 4.33% in FY2021 (-4.41 pp).
- Quarterly FCF Margin has ranged from -5.39% in Q4 2022 to 16.66% in Q3 2022 over the past five years.
- On a year-over-year basis, FCF Margin rose in four of the last eight quarters, with an average year-over-year change of -0.64 percentage points.
- Peak year-over-year performance for FCF Margin in the last five years was a gain of 11.23 percentage points in Q1 2022, against a drop of 18.92 percentage points in Q4 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 13.20% (Q2 2026), -0.52% (Q1 2026) and -2.57% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,505.75 Bn | 3,240.65 Bn | 76.16 Bn | -7.11% |
| 2 | Meta Platforms | 1,636.37 Bn | 1,300.89 Bn | 51.23 Bn | -1.79% |
| 3 | Netflix | 264.79 Bn | 226.09 Bn | 6.80 Bn | 22.40% |
| 4 | Alibaba Group Holding | 244.49 Bn | 58.13 Bn | 15.16 Bn | 33.69% |
| 5 | Shopify | 196.00 Bn | 174.81 Bn | 1.78 Bn | 21.81% |
| 6 | Uber Technologies | 145.16 Bn | 115.98 Bn | 6.42 Bn | 17.17% |
| 7 | AppLovin | 136.87 Bn | 125.40 Bn | 1.94 Bn | 65.40% |
| 8 | Spotify Technology | 125.04 Bn | 81.96 Bn | 1.89 Bn | 15.01% |
| 9 | Booking Holdings | 122.68 Bn | 56.42 Bn | - | 12.02% |
| 10 | MediaAlpha | 748.77 Mn | 633.42 Mn | 55.33 Mn | 5.71% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 5.71% |
| 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% |
API Access
MediaAlpha FCF Margin 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=fcf-margin&ticker=MAX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "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=fcf-margin&ticker=MAX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();