PubMatic (PUBM) FCF Margin (2020 - 2026)
PubMatic's (PUBM) quarterly FCF Margin came in at 26.59% in Q1 2026, up 317.0% year-on-year from 6.38% in Q1 2025, and up 88.89% on a QoQ basis from 14.08% in Q4 2025.
PubMatic (PUBM) FCF Margin (2020 - 2026) Analysis & Trends
PubMatic (PUBM) has 7 years of FCF Margin data on file, last reported at 26.59% in Q1 2026.
- On a quarterly basis, FCF Margin rose 317.0% year-over-year to 26.59% in Q1 2026; TTM through Mar 2026 was 24.29%, a 901.0% increase from a year earlier, with the FY2025 full-year figure at 23.58%, up 556.0% from the prior year.
- FCF Margin for Q1 2026 stood at 26.59%, up from 14.08% in the prior quarter.
- Over the last five years, FCF Margin for PUBM reached as high as 53.12% in Q3 2025 and fell as low as 6.19% in Q2 2025.
- Historically, FCF Margin has averaged 24.9% across 5 years, with a median of 23.42% in 2025.
- Across the five-year window, FCF Margin tumbled 2478 bps in 2022 and surged 4244 bps in 2025, its largest moves.
- Year by year, FCF Margin stood at 36.56% in 2022, then declined by 20 bps to 29.21% in 2023, then slumped by 58 bps to 12.14% in 2024, then advanced by 16 bps to 14.08% in 2025, then jumped by 89 bps to 26.59% in 2026.
- Per Business Quant data, the three most recent FCF Margin figures were 26.59% in Q1 2026, 14.08% in Q4 2025, and 53.12% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | 39.26% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 15.02% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 17.31% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 58.89% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 11.86% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 36.83% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 16.73% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 20.82% |
| 10 | PubMatic | 579.58 Mn | 434.70 Mn | 36.47 Mn | 26.59% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 26.59% |
| Dec 31, 2025 | 14.08% |
| Sep 30, 2025 | 53.12% |
| Jun 30, 2025 | 6.19% |
| Mar 31, 2025 | 23.42% |
| Dec 31, 2024 | 12.14% |
| Sep 30, 2024 | 10.68% |
| Jun 30, 2024 | 16.45% |
| Mar 31, 2024 | 35.05% |
| Dec 31, 2023 | 29.21% |
| Sep 30, 2023 | 18.54% |
| Jun 30, 2023 | 24.60% |
| Mar 31, 2023 | 20.46% |
| Dec 31, 2022 | 36.56% |
| Sep 30, 2022 | 39.15% |
| Jun 30, 2022 | 21.96% |
| Mar 31, 2022 | 35.13% |
| Dec 31, 2021 | -1.11% |
| Sep 30, 2021 | 63.93% |
| Jun 30, 2021 | 19.21% |