Meridian Holdings (MRDN) EV to FCF (2024 - 2026)
Meridian Holdings' (MRDN) quarterly EV to FCF came in at 23.74 in Q2 2026, up 113.28% on a YoY basis from 11.13 in Q2 2025, and up 59.94% quarter-over-quarter from 14.84 in Q1 2026.
Analysis
Meridian Holdings (MRDN) EV to FCF (2024 - 2026) Analysis & Trends
Meridian Holdings (MRDN) has reported EV to FCF for 3 consecutive years, with 23.74 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, EV to FCF rose 113.28% year-over-year to 23.74; the trailing twelve-month figure through Jun 2026 stood at 6.54 (down 33.27% YoY), and the FY2025 full-year result was 5.49, down 59.98% from the prior year.
- EV to FCF improved to 23.74 in Q2 2026 per MRDN's latest filing, from 14.84 in the prior quarter.
- Across five years, EV to FCF topped out at 109.14 in Q3 2024 and bottomed at 178.78 in Q2 2025.
- Historically, EV to FCF has averaged 5.69 across 3 years, with a median of 17.12 in 2024.
- The sharpest annual moves came in 2025 and 2026: EV to FCF plunged 79.18% in 2025, then jumped 113.28% in 2026.
- Over 3 years, EV to FCF stood at 17.12 in 2024, then slipped by 4.71% to 16.31 in 2025, then jumped by 45.52% to 23.74 in 2026.
- According to Business Quant data, EV to FCF over the past three periods registered 23.74, 14.84, and 16.31 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Flutter Entertainment | 17.46 Bn | 15.89 Bn | 1.71 Bn |
| 2 | DraftKings | 11.85 Bn | 10.85 Bn | 551.45 Mn |
| 3 | Super Group (SGHC) | 7.10 Bn | 6.55 Bn | - |
| 4 | Rush Street Interactive | 3.04 Bn | 2.70 Bn | 139.66 Mn |
| 5 | Codere Online Luxembourg | 413.10 Mn | 343.67 Mn | - |
| 6 | Meridian Holdings | 167.18 Mn | 149.86 Mn | 26.85 Mn |
| 7 | High Roller Technologies | 54.90 Mn | 52.24 Mn | - |
| 8 | VIP Play | 24.98 Mn | 24.89 Mn | -313,000.00 |
| 9 | Apple iSports | 16.64 Mn | 16.64 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.74 |
| Mar 31, 2026 | 14.84 |
| Dec 31, 2025 | 16.31 |
| Sep 30, 2025 | 22.72 |
| Jun 30, 2025 | -178.78 |
| Mar 31, 2025 | 30.45 |
| Dec 31, 2024 | 17.12 |
| Sep 30, 2024 | 109.14 |
| Jun 30, 2024 | -106.75 |