Marpai (MRAI) FCF Margin (2021 - 2026)
Marpai's FCF Margin was -158.23% in Q3 2026, down 173.93 percentage points from 15.70% a year earlier and down 59.26 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 -96.13% through Sep 30, 2026, down 60.53 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.
- The Q3 2026 figure marks the lowest quarterly FCF Margin since Q4 2022.
- Compared with a year earlier, FCF Margin has declined for four straight quarters, with an average year-over-year change of -29.59 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 Q3 2026 (a drop of 173.93 percentage points).
- Per Business Quant data, MRAI's FCF Margin in the three quarters before Q3 2026 was -98.97% (Q2 2026), -10.73% (Q1 2026) and -119.43% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 365.22 Bn | 251.88 Bn | 35.71 Bn | 3.78% |
| 2 | Mckesson | 127.33 Bn | 111.26 Bn | 3.96 Bn | 2.71% |
| 3 | Cvs Health | 114.34 Bn | 63.29 Bn | 47.21 Bn | 3.60% |
| 4 | Elevance Health | 92.86 Bn | -49.61 Bn | 13.65 Bn | 1.94% |
| 5 | Cigna | 78.25 Bn | 47.45 Bn | 15.09 Bn | 3.11% |
| 6 | Cencora | 68.51 Bn | 68.51 Bn | 3.60 Bn | - |
| 7 | Cardinal Health | 64.97 Bn | 48.29 Bn | 2.60 Bn | 1.84% |
| 8 | Humana | 54.10 Bn | -36.68 Bn | 4.83 Bn | 4.92% |
| 9 | Centene | 35.04 Bn | -39.00 Bn | 8.24 Bn | 0.45% |
| 10 | Marpai | 51.68 Mn | 50.85 Mn | 1.02 Mn | -158.23% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -158.23% |
| 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% |
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();