Marchex (MCHX) Operating Margin (2010 - 2025)
Marchex's (MCHX) quarterly Operating Margin came in at 21.92% in Q4 2025, down 861.0% year-on-year from 2.88% in Q4 2024, and down 168.22% on a QoQ basis from 8.17% in Q3 2025.
Marchex (MCHX) Operating Margin (2010 - 2025) Analysis & Trends
Marchex (MCHX) has 16 years of Operating Margin data on file, last reported at 21.92% in Q4 2025.
- On a quarterly basis, Operating Margin fell 861.0% year-over-year to 21.92% in Q4 2025; TTM through Dec 2025 was 12.61%, a 337.0% decrease from a year earlier, with the FY2025 full-year figure at 12.6%, down 336.0% from the prior year.
- Operating Margin for Q4 2025 stood at 21.92%, down from 8.17% in the prior quarter.
- Over the last five years, Operating Margin for MCHX reached as high as 4.6% in Q2 2025 and fell as low as 40.42% in Q1 2021.
- Historically, Operating Margin has averaged 15.91% across 5 years, with a median of 12.71% in 2024.
- Across the five-year window, Operating Margin surged 18090 bps in 2021 and sank 2524 bps in 2023, its largest moves.
- Year by year, Operating Margin stood at 13.98% in 2021, then slumped by 105 bps to 28.65% in 2022, then jumped by 68 bps to 9.04% in 2023, then plunged by 47 bps to 13.31% in 2024, then sank by 65 bps to 21.92% in 2025.
- Per Business Quant data, the three most recent Operating Margin figures were 21.92% in Q4 2025, 8.17% in Q3 2025, and 4.6% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | AppLovin | 134.57 Bn | 131.82 Bn | 1.64 Bn | 78.15% |
| 2 | Wpp | 26.03 Bn | 22.66 Bn | - | - |
| 3 | Omnicom | 22.21 Bn | 18.26 Bn | 1.04 Bn | 10.35% |
| 4 | Trade Desk | 7.97 Bn | 6.56 Bn | 506.89 Mn | 9.68% |
| 5 | Magnite | 2.57 Bn | 2.39 Bn | 103.96 Mn | 4.70% |
| 6 | Ziff Davis | 1.94 Bn | 1.42 Bn | 223.32 Mn | 1.10% |
| 7 | Stagwell | 1.76 Bn | 1.66 Bn | 244.61 Mn | 1.37% |
| 8 | DoubleVerify Holdings | 1.67 Bn | 1.50 Bn | 147.67 Mn | 8.65% |
| 9 | Clear Channel Outdoor Holdings | 1.20 Bn | 1.03 Bn | 193.76 Mn | 10.56% |
| 10 | Marchex | 2.18 Mn | -7.76 Mn | 6.64 Mn | -21.92% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -21.92% |
| Sep 30, 2025 | -8.17% |
| Jun 30, 2025 | -4.60% |
| Mar 31, 2025 | -16.41% |
| Dec 31, 2024 | -13.31% |
| Sep 30, 2024 | -6.57% |
| Jun 30, 2024 | -5.98% |
| Mar 31, 2024 | -11.35% |
| Dec 31, 2023 | -9.04% |
| Sep 30, 2023 | -10.33% |
| Jun 30, 2023 | -21.55% |
| Mar 31, 2023 | -36.86% |
| Dec 31, 2022 | -28.65% |
| Sep 30, 2022 | -12.12% |
| Jun 30, 2022 | -11.08% |
| Mar 31, 2022 | -11.62% |
| Dec 31, 2021 | -13.98% |
| Sep 30, 2021 | -13.85% |
| Jun 30, 2021 | -20.45% |
| Mar 31, 2021 | -40.42% |