A Business at a Glance
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MAGNITE, INC.
MGNI
$2.8B
Mkt Cap
$18.51
+3.29%
MAGNITE, INC. (MGNI) has a current P/E ratio of 19.5, compared to its historical median P/E of 17.3. The stock is currently considered Expensive based on its historical valuation range.
MAGNITE, INC. (MGNI) has a 5-year average return on invested capital (ROIC) of -0.9%. This is below average and may indicate limited pricing power.
MAGNITE, INC. (MGNI) has a market capitalization of $2.7B. It is classified as a mid-cap stock.
MAGNITE, INC. (MGNI) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 1.57%.
Based on historical P/E analysis, MAGNITE, INC. (MGNI) appears expensive. The current P/E of 19.5 is 13% above its historical median of 17.3. The estimated fair value CAGR (P/E method) is 86.3%.
MAGNITE, INC. (MGNI) operates in the Services-Computer Programming, Data Processing, Etc. industry, within the Technology sector.
MAGNITE, INC. (MGNI) reported annual revenue of $714 million in its most recent fiscal year, based on SEC EDGAR filings.
Table of Contents SPECIAL NOTE ABOUT FORWARD-LOOKING STATEMENTS; SUMMARY OF RISK FACTORS This Annual Report on Form 10-K and related statements by the Company contain forward-looking statements, including statements based upon or relating to our expectations, assumptions, estimates, and projections. In some cases, you can identify forward-looking statements by terms such as "may," "might," "will," "objective," "intend," "should," "could," "can," "would," "expect," "believe," "design," "anticipate," "estimate," "predict," "potential," "plan" or the negative of these terms, and similar expressions.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 723M | 714M | 668M | 620M | 577M | 468M |
| Net Income | 159M | 145M | 23M | -159M | -130M | 65K |
| EPS | $1.11 | $0.95 | $0.16 | $-1.17 | $-0.98 | $0.00 |
| Free Cash Flow | 47M | 166M | 202M | 188M | 162M | 109M |
| ROIC | 18.4% | 10.6% | 4.9% | -11.6% | -8.4% | 0.0% |
| Gross Margin | - | 62.7% | 61.3% | 33.9% | 46.8% | 56.9% |
| Debt/Equity | 0.38 | 0.68 | 0.79 | 0.86 | 0.92 | 0.82 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 107M | 98M | 51M | -155M | -113M | -81M |
| Operating Margin | 14.8% | 13.7% | 7.6% | -25.0% | -19.5% | -17.3% |
| ROE | 17.3% | 17.1% | 3.1% | -21.3% | -15.6% | 0.0% |
| Shares Outstanding | 143M | 152M | 142M | 136M | 133M | 132M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 125M | 248M | 278M | 156M | 125M | 156M | 222M | 468M | 577M | 620M | 668M | 714M | 723M |
| Gross Margin | 59.0% | 76.5% | 73.7% | 63.5% | 51.9% | 63.3% | 64.9% | 56.9% | 46.8% | 33.9% | 61.3% | 62.7% | N/A |
| R&D | 23M | 42M | 51M | 48M | 38M | 40M | 52M | 74M | 94M | 94M | 95M | 85M | 88M |
| SG&A | 57M | 70M | 69M | 56M | 42M | 40M | 53M | 65M | 81M | 89M | 97M | 93M | 94M |
| EBIT | -19M | -5.6M | -25M | -157M | -64M | -28M | -54M | -81M | -113M | -155M | 51M | 98M | 107M |
| Op. Margin | -15.0% | -2.3% | -8.9% | -100.9% | -51.0% | -17.6% | -24.5% | -17.3% | -19.5% | -25.0% | 7.6% | 13.7% | 14.8% |
| Net Income | -20M | 422K | -18M | -155M | -62M | -25M | -53M | 65K | -130M | -159M | 23M | 145M | 159M |
| Net Margin | -15.8% | 0.2% | -6.5% | -99.5% | -49.6% | -16.3% | -24.1% | 0.0% | -22.6% | -25.7% | 3.4% | 20.3% | 22.0% |
| Non-Recurring | -202K | -58K | 3.1M | 96M | 3.2M | 1.9M | 18M | -130K | 86K | 189K | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | -41.1% | 0.2% | -6.3% | -66.7% | -43.7% | -22.2% | -21.7% | 0.0% | -8.4% | -11.6% | 4.9% | 10.6% | 18.4% |
| ROE | -42.9% | 0.2% | -6.3% | -66.7% | -43.7% | -22.2% | -21.7% | 0.0% | -15.6% | -21.3% | 3.1% | 17.1% | 17.3% |
| ROA | -8.9% | 0.1% | -3.4% | -34.3% | -16.6% | -6.7% | -8.0% | 0.0% | -4.8% | -5.9% | 0.8% | 4.8% | 5.4% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 6.6M | 77M | 60M | 22M | -23M | 32M | -12M | 127M | 193M | 214M | 235M | 236M | 113M |
| Free Cash Flow | -4.1M | 57M | 37M | -11M | -34M | 21M | -26M | 109M | 162M | 188M | 202M | 166M | 47M |
| Owner Earnings | -30M | 15M | -11M | -35M | -74M | -19M | -90M | -61M | -88M | -99M | 100M | 106M | -15M |
| CapEx | 11M | 20M | 23M | 32M | 11M | 11M | 14M | 18M | 31M | 27M | 33M | 71M | 66M |
| Maint. CapEx | 13M | 31M | 43M | 36M | 35M | 32M | 49M | 147M | 216M | 241M | 59M | 54M | 52M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17M | 13M |
| D&A | 13M | 31M | 43M | 36M | 35M | 32M | 49M | 147M | 216M | 241M | 59M | 54M | 52M |
| CapEx/OCF | 161.1% | 26.2% | 39.1% | 150.6% | N/A | 35.7% | N/A | 14.0% | 16.0% | 12.5% | 13.9% | 29.9% | 58.1% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6.0M | 16M | 0 | 15M | 46M | 42M |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.3% | 1.2% | N/A | 0.6% | 1.8% | 1.6% |
| Stock-Based Comp | 24M | 31M | 29M | 21M | 16M | 19M | 28M | 41M | 64M | 73M | 77M | 77M | 75M |
| Debt Repayment | 4.1M | 105K | 0 | 0 | 0 | 0 | 0 | 1.8M | 3.6M | 3.6M | 4.5M | 159K | 159K |
| Balance Sheet | |||||||||||||
| Net Debt | -97M | -140M | N/A | N/A | N/A | -66M | -76M | 493M | 400M | 280M | 126M | 73M | 166M |
| Cash & Equiv. | 97M | 116M | 149M | 77M | 80M | 89M | 118M | 230M | 326M | 326M | 483M | 553M | 185M |
| Long-Term Debt | 0 | N/A | N/A | N/A | N/A | 0 | 0 | 720M | 723M | 533M | 550M | 348M | 347M |
| Debt/Equity | 0.00 | 0.00 | 0.74 | 1.33 | 2.05 | 0.20 | 0.11 | 0.82 | 0.92 | 0.86 | 0.79 | 0.68 | 0.38 |
| Interest Coverage | -170.7 | -94.9 | -50.7 | -172.9 | -64.4 | -35.0 | -1084.7 | -4.1 | -3.5 | -3.6 | 1.3 | 3.1 | 3.5 |
| Equity | 129M | 278M | 300M | 165M | 118M | 112M | 382M | 881M | 791M | 702M | 768M | 922M | 918M |
| Total Assets | 296M | 537M | 520M | 384M | 360M | 395M | 939M | 2.7B | 2.7B | 2.7B | 2.9B | 3.2B | 2.9B |
| Total Liabilities | 168M | 259M | 220M | 219M | 242M | 283M | 557M | 1.8B | 1.9B | 2.0B | 2.1B | 2.2B | 2.0B |
| Intangibles | 14M | 51M | 6.8M | 13M | 10M | 11M | 90M | 427M | 254M | 51M | 21M | 12M | 9.8M |
| Retained Earnings | -81M | -80M | -99M | -254M | -316M | -341M | -395M | -394M | -525M | -684M | -661M | -517M | -512M |
| Working Capital | 84M | 116M | 173M | 87M | 60M | 46M | 85M | 149M | 201M | 121M | 207M | 40M | 27M |
| Current Assets | 238M | 366M | 392M | 305M | 301M | 313M | 607M | 1.2B | 1.3B | 1.5B | 1.7B | 1.9B | 1.6B |
| Current Liabilities | 154M | 250M | 218M | 217M | 241M | 267M | 522M | 1.0B | 1.1B | 1.4B | 1.5B | 1.8B | 1.6B |
| Per Share Data | |||||||||||||
| EPS | -0.35 | 0.01 | -0.20 | -1.59 | -0.62 | -0.24 | -0.55 | 0.00 | -0.98 | -1.17 | 0.16 | 0.95 | 1.11 |
| Owner EPS | -0.53 | 0.18 | -0.12 | -0.36 | -0.74 | -0.18 | -0.92 | -0.46 | -0.66 | -0.73 | 0.70 | 0.70 | -0.10 |
| Book Value | 2.28 | 3.30 | 3.24 | 1.69 | 1.17 | 1.05 | 3.93 | 6.66 | 5.95 | 5.16 | 5.39 | 6.06 | 6.41 |
| Cash Flow/Share | 0.12 | 0.91 | 0.65 | 0.22 | -0.23 | 0.30 | -0.12 | 0.96 | 1.45 | 1.58 | 1.65 | 1.55 | 1.47 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 56.5M | 84.4M | 92.6M | 97.7M | 100.5M | 106.2M | 97.1M | 132.2M | 133.0M | 136.1M | 142.4M | 152.2M | 143.3M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 102.3 | 17.3 | 16.7 |
| P/FCF | N/A | 24.6 | 19.1 | N/A | N/A | 43.3 | N/A | 21.3 | 8.4 | 7.0 | 11.5 | 15.1 | 56.1 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 37.6 | 22.2 | 26.4 |
| Price/Book | 3.7 | 2.5 | 1.2 | 0.6 | 1.6 | 4.0 | 7.9 | 2.7 | 1.7 | 1.9 | 3.0 | 2.7 | 2.9 |
| Price/Sales | 2.9 | 2.7 | 2.1 | 1.6 | 1.2 | 2.4 | 4.0 | 9.4 | 2.4 | 2.2 | 2.6 | 3.8 | 3.7 |
| FCF Yield | -0.9% | 8.1% | 10.5% | -11.7% | -18.4% | 4.6% | -0.9% | 4.6% | 12.0% | 14.3% | 8.7% | 6.6% | 1.8% |
| Market Cap | 474M | 698M | 349M | 93M | 185M | 445M | 3.0B | 2.4B | 1.4B | 1.3B | 2.3B | 2.5B | 2.7B |
| Avg. Price | 12.88 | 16.19 | 12.53 | 5.04 | 2.90 | 7.06 | 9.06 | 32.48 | 10.43 | 10.12 | 12.30 | 17.78 | 18.51 |
| Year-End Price | 16.75 | 16.54 | 7.55 | 1.91 | 3.68 | 8.38 | 31.04 | 17.58 | 10.17 | 9.61 | 16.37 | 16.45 | 18.51 |
MAGNITE, INC. passes 4 of 9 quality checks, suggesting mixed fundamentals.
MAGNITE, INC. trades at 19.5x trailing earnings, compared to its 15-year median P/E of 17.3x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 16.1x vs a median of 15.1x. The company's 5-year average gross margin is 52.3%. Total shareholder yield (buybacks) is 1.6%. At current prices, the estimated annualized return to fair value is +54.9%.
MAGNITE, INC. (MGNI) has a net profit margin of 20.3%. This is a strong margin indicating high profitability.
MAGNITE, INC. (MGNI) generated $166 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
MAGNITE, INC. (MGNI) has a debt-to-equity ratio of 0.68. This indicates moderate leverage.
MAGNITE, INC. (MGNI) reported earnings per share (EPS) of $0.95 in its most recent fiscal year.
MAGNITE, INC. (MGNI) has a return on equity (ROE) of 17.1%. This indicates the company generates strong returns for shareholders.
MAGNITE, INC. (MGNI) has a 5-year average gross margin of 52.3%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 14 years of financial data for MAGNITE, INC. (MGNI), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
MAGNITE, INC. (MGNI) has a book value per share of $6.06, based on its most recent annual SEC filing.
No recent press releases.