Marpai (MRAI) FCF Margin (2021 - 2026)
Marpai's FCF Margin was -98.97% in Q2 2026, down 30.05 percentage points from -68.92% a year earlier and down 88.23 percentage points from the prior quarter.
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Analysis
Marpai (MRAI) FCF Margin (2021 - 2026) Analysis & Trends
On a trailing twelve-month basis, Marpai's FCF Margin was -52.47% through Jun 30, 2026, down 2.73 percentage points year-over-year; for FY2025, it came in at -41.18%, up 12.62 percentage points from FY2024.
- FCF Margin shows a four-year change of +36.62 percentage points (FY2021 to FY2025).
- In earlier years, FCF Margin was -53.80% in FY2024 (-11.42 pp), -42.39% in FY2023 (+103.87 pp), -146.26% in FY2022 (-68.46 pp) and -77.80% in FY2021.
- Quarterly FCF Margin has moved between -264.70% (Q4 2022) and 15.46% (Q3 2025) over five years.
- Compared with a year earlier, FCF Margin has declined for three straight quarters, with an average year-over-year change of -5.15 percentage points over the last eight quarters.
- The best year-over-year quarter for FCF Margin over five years was Q4 2023 (a gain of 259.82 percentage points); the worst was Q4 2022 (a drop of 171.83 percentage points).
- Per Business Quant data, MRAI's FCF Margin in the three quarters before Q2 2026 was -10.73% (Q1 2026), -119.18% (Q4 2025) and 15.46% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 336.54 Bn | 221.18 Bn | 36.67 Bn | 9.15% |
| 2 | Cvs Health | 110.50 Bn | 63.10 Bn | 47.23 Bn | 5.33% |
| 3 | Mckesson | 105.27 Bn | 91.73 Bn | 3.69 Bn | -0.32% |
| 4 | Elevance Health | 83.85 Bn | -57.90 Bn | 13.45 Bn | 3.22% |
| 5 | Cigna | 71.48 Bn | 41.02 Bn | 14.97 Bn | -1.00% |
| 6 | Cencora | 58.97 Bn | 48.06 Bn | 3.61 Bn | 2.86% |
| 7 | Cardinal Health | 53.10 Bn | 37.10 Bn | 2.56 Bn | 2.24% |
| 8 | Humana | 46.62 Bn | -41.18 Bn | 5.50 Bn | 4.49% |
| 9 | Centene | 31.12 Bn | -59.17 Bn | 14.55 Bn | 6.38% |
| 10 | Marpai | 92.03 Mn | 91.11 Mn | 997,000.00 | -98.97% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -98.97% |
| Mar 31, 2026 | -10.73% |
| Dec 31, 2025 | -119.18% |
| Sep 30, 2025 | 15.46% |
| Jun 30, 2025 | -68.92% |
| Mar 31, 2025 | -2.12% |
| Dec 31, 2024 | -71.01% |
| Sep 30, 2024 | -53.84% |
| Jun 30, 2024 | -43.40% |
| Mar 31, 2024 | -48.54% |
| Dec 31, 2023 | -4.88% |
| Sep 30, 2023 | -75.44% |
| Jun 30, 2023 | -21.88% |
| Mar 31, 2023 | -67.63% |
| Dec 31, 2022 | -264.70% |
| Sep 30, 2022 | -106.81% |
| Jun 30, 2022 | -120.69% |
| Mar 31, 2022 | -55.14% |
| Dec 31, 2021 | -92.87% |
| Sep 30, 2021 | -14.40% |
API Access
Marpai 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=MRAI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "MRAI", "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=MRAI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();