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Employees: 147
Size MediaAlpha (MAX) is a United States Information Technology company (Information Technology Services) with a market value of $841M, the 2362nd largest of 3,117 United States companies the cockpit tracks. Shares closed at $14.20 on 6 Nov 2026.
Performance Over six months the shares gained 55.9%, against +11.9% for the median peer and -1.1% for the United States market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue grew 15.2% over the last twelve months (peer median +4.8%); the operating margin is 7.4% (peer median 3.6%).
Valuation It trades at 12.1× forward earnings against a peer median of 16.2× (cheapest of 14).
Price implies For today's price to make sense, revenue must grow about -1% a year for seven years (Req g). Recent delivered growth is +14%, so the hurdle is -14 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 42.7 points above its cost of capital (9.6% WACC).
Short interest Short interest is 6.1% of the free float (15 Oct 2026).
Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.29B | $1.11B | $865M | $388M | $459M |
| Revenue growth | — | +29% | +123% | -15% | — |
| Gross profit | $190M | $165M | $137M | $59.8M | $64.3M |
| EBITDA | $98.0M | $81.5M | $61.7M | -$32.0M | -$34.9M |
| Net income | $108M | $25.6M | $16.6M | -$40.4M | -$57.7M |
| Free cash flow | $54.2M | $65.3M | $45.6M | $20.2M | $28.2M |
| Capital expenditure | $984,000 | $340,000 | $654,000 | $73,000 | $98,000 |
| Total debt | $175M | $155M | $163M | $175M | $186M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | MAX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +33.0% | +2.0% | 2nd highest of 21 |
| 6-month return | +55.9% | +11.9% | 4th highest of 21 |
| Distance from 52-week high | -11.2% | -35.2% | 5th highest of 21 |
| Revenue growth (TTM) | +15.2% | +4.8% | 5th highest of 21 |
| Operating margin | 7.4% | 3.6% | 10th highest of 21 |
| Forward P/E | 12.1× | 16.2× | cheapest of 14 |
| Growth the price implies (Req g, 7 yrs) | -0.7% | 14.6% | 3rd least demanding of 16 |
| Growth delivered (Del g) | +13.7% | +13.4% | 7th highest of 16 |
| Hurdle (Req g minus delivered) | -14.4 pp | -1.3 pp | 2nd least demanding of 16 |
| ROIC minus cost of capital | +42.7 pp | +1.7 pp | highest of 20 |
| EV / EBITDA | 9.9× | 10.1× | 4th cheapest of 8 |
| Net debt / EBITDA | 1.6× | -0.4× | 2nd most indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| MediaAlpha MAX | United States | $841M | +56% | +15% | 7% | 12.1× | -0.7% | +13.7% |
| Beijing Watertek Information Technology 300324.SZ | China | $834M | -35% | -44% | -32% | n/a | n/a | n/a |
| Addnode ANOD-B.ST | Sweden | $859M | +35% | +5% | 10% | 16.0× | 4.5% | +8.8% |
| Global Security Experts 4417.T | Japan | $822M | +239% | +25% | 21% | 50.8× | 34.4% | +30.2% |
| Qiming Information Technology 002232.SZ | China | $822M | -24% | -4% | 1% | n/a | n/a | n/a |
| GFT Technologies GFT.DE | Germany | $819M | +35% | +3% | 6% | 16.2× | 3.7% | +14.8% |
| Chutian Dragon 003040.SZ | China | $869M | -15% | -23% | -7% | 40.5× | n/a | n/a |
| Memsensing Microsystems (Suzhou China) 688286.SS | China | $807M | +46% | -7% | -6% | 104.5× | 48.4% | +13.4% |
| OneSpan OSPN | United States | $797M | +77% | +5% | 18% | 16.1× | 14.6% | +2.4% |
| Beijing E-Hualu Information Technology 300212.SZ | China | $794M | +13% | -23% | -702% | 32.3× | 47.3% | -29.0% |
| SNP Schneider-Neureither & Partner SHF.DE | Germany | $793M | +18% | +15% | 20% | 28.9× | 2.8% | +15.6% |
| Yunnan Nantian Electronics Information 000948.SZ | China | $783M | -8% | -8% | 1% | n/a | 15.7% | +18.7% |
| ArcherMind Technology 300598.SZ | China | $906M | -24% | +7% | -5% | n/a | n/a | n/a |
| Mitek Systems MITK | United States | $778M | +10% | +11% | 18% | 15.5× | 10.9% | +12.1% |
| Tanla Platforms TANLA.NS | India | $915M | +14% | +18% | 14% | 14.6× | 15.0% | +13.5% |
| TechMatrix 3762.T | Japan | $762M | +67% | +15% | 10% | 21.6× | -7.5% | +18.3% |
| Asseco South Eastern Europe ASE.WA | Poland | $940M | +20% | +7% | 16% | 16.0× | -0.9% | +11.9% |
| Beijing Join-Cheer Software 002279.SZ | China | $750M | -22% | -34% | 0% | n/a | 41.2% | -1.7% |
| Insigma Technology 600797.SS | China | $943M | -28% | -13% | 0% | n/a | 20.0% | -2.9% |
| 4DMedical 4DX.AX | Australia | $952M | -33% | +21% | -814% | n/a | n/a | n/a |
| Nanjing Sciyon Wisdom Technology 002380.SZ | China | $957M | -22% | +7% | 12% | 16.2× | 11.3% | +17.4% |