PubMatic (PUBM) FCF Margin (2020 - 2026)
PubMatic (PUBM) reported FCF Margin of 27.62% for Q1 2026, up 420.0% year-over-year from 5.31% in Q1 2025, and up 333.32% quarter-over-quarter from 6.38% 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 27.62% in Q1 2026.
- FCF Margin for Q1 2026 came in at 27.62%, up 420.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 22.33% (up 589.0% YoY), and the FY2025 annual result was 21.4%, up 223.0% from the prior year.
- FCF Margin rose to 27.62% in Q1 2026 per PUBM's latest filing, from 6.38% in the prior quarter.
- Over five years, FCF Margin peaked at 59.93% in Q4 2022 and troughed at 1.98% in Q2 2024.
- A 5-year average of 25.58% and a median of 23.42% in 2025 frame the typical range for FCF Margin.
- The sharpest annual moves came in 2022 and 2023: FCF Margin soared 3227 bps in 2022, then slumped 2313 bps in 2023.
- A 5-year view of FCF Margin shows it stood at 59.93% in 2022, then slumped by 39 bps to 36.8% in 2023, then sank by 47 bps to 19.33% in 2024, then tumbled by 67 bps to 6.38% in 2025, then soared by 333 bps to 27.62% in 2026.
- Business Quant data shows PUBM's FCF Margin at 27.62% in Q1 2026, 6.38% in Q4 2025, and 40.76% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 36.77% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 17.31% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 15.02% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 58.89% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 20.82% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 41.64% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 36.83% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 31.84% |
| 10 | PubMatic | 542.59 Mn | 397.71 Mn | 36.47 Mn | 27.62% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 27.62% |
| Dec 31, 2025 | 6.38% |
| Sep 30, 2025 | 40.76% |
| Jun 30, 2025 | 18.00% |
| Mar 31, 2025 | 23.42% |
| Dec 31, 2024 | 19.33% |
| Sep 30, 2024 | 20.33% |
| Jun 30, 2024 | 1.98% |
| Mar 31, 2024 | 35.05% |
| Dec 31, 2023 | 36.80% |
| Sep 30, 2023 | 32.94% |
| Jun 30, 2023 | 22.29% |
| Mar 31, 2023 | 21.54% |
| Dec 31, 2022 | 59.93% |
| Sep 30, 2022 | 3.35% |
| Jun 30, 2022 | 37.53% |
| Mar 31, 2022 | 27.64% |
| Dec 31, 2021 | 27.65% |
| Sep 30, 2021 | 14.50% |
| Jun 30, 2021 | 33.26% |