Merchants Bancorp - MBIN - Fundamentals

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Breakdown	2015 12/31	2016 12/31	2017 12/31	2018 12/31	2019 12/31	2020 12/31	2021 12/31	2022 12/31	2023 12/31	2024 12/31	2025 12/31	TTM
REVENUE	81	97	138	186	255	401	462	602	1,189	1,447	1,365	1,309	📊
Revenue Growth (1Y)	--	+20.56%	+41.96%	+34.47%	+37.20%	+57.60%	+15.05%	+30.44%	+97.50%	+21.70%	-5.65%	-4.09%	📊
Revenue Growth (5Y)	--	--	--	--	+215.75%	+312.77%	+234.54%	+224.52%	+367.12%	+260.70%	+195.79%	+183.68%	📊
Revenue Growth (10Y)	--	--	--	--	--	--	--	--	--	+1694.97%	+1304.68%	+1247.21%	📊
Cost of Revenue	15	20	30	55	94	70	39	180	670	804	802	715	📊
Cost of Revenue Growth (1Y)	--	+30.68%	+51.86%	+82.48%	+69.57%	-24.73%	-44.80%	+361.59%	+273.08%	+20.06%	-0.35%	-10.82%	📊
Cost of Revenue Growth (5Y)	--	--	--	--	+514.01%	+253.68%	+28.56%	+225.20%	+615.48%	+1041.25%	+1960.32%	+1737.35%	📊
Cost of Revenue Growth (10Y)	--	--	--	--	--	--	--	--	--	+5174.61%	+3922.21%	+3486.92%	📊
Gross Profit	65	77	108	130	161	331	423	422	519	643	564	595	📊
Gross Profit Growth (1Y)	--	+18.20%	+39.40%	+20.98%	+23.49%	+105.51%	+27.81%	-0.04%	+22.87%	+23.81%	-12.29%	+5.48%	📊
Gross Profit Growth (5Y)	--	--	--	--	+146.16%	+328.01%	+292.41%	+224.23%	+222.60%	+94.34%	+33.37%	+40.68%	📊
Gross Profit Growth (10Y)	--	--	--	--	--	--	--	--	--	+883.18%	+629.57%	+669.54%	📊
Operating Expenses	18	22	31	46	59	87	118	131	171	220	300	318	📊
Operating Expenses Growth (1Y)	--	+23.54%	+35.95%	+51.50%	+27.01%	+48.59%	+34.79%	+11.57%	+30.34%	+28.54%	+36.29%	+5.94%	📊
Operating Expenses Growth (5Y)	--	--	--	--	+223.19%	+288.71%	+285.40%	+183.82%	+191.25%	+151.94%	+154.73%	+169.86%	📊
Operating Expenses Growth (10Y)	--	--	--	--	--	--	--	--	--	+1109.90%	+1234.70%	+1313.96%	📊
Sell General Administrative	13	15	22	33	41	65	88	93	122	157	177	175	📊
Research and Development	0	0	0	0	0	0	0	0	0	0	0	--	📊
Other Income Expenses	5	7	8	13	18	22	29	39	49	63	123	142	📊
EBITDA	47	55	77	84	103	245	307	294	351	426	267	326	📊
EBITDA Growth (1Y)	--	+15.99%	+40.64%	+9.08%	+21.89%	+138.14%	+25.23%	-4.39%	+19.46%	+21.35%	-37.21%	+21.92%	📊
EBITDA Growth (5Y)	--	--	--	--	+116.89%	+345.32%	+296.51%	+247.54%	+240.59%	+73.56%	-12.98%	+6.10%	📊
EBITDA Growth (10Y)	--	--	--	--	--	--	--	--	--	+796.46%	+385.29%	+491.67%	📊
Depreciation and Amortization	0	0	0	0	1	2	2	2	3	3	3	3	📊
Operating Income	47	55	77	84	102	243	305	291	348	423	264	277	📊
Operating Income Growth (1Y)	--	+16.14%	+40.82%	+8.90%	+21.55%	+138.27%	+25.30%	-4.52%	+19.50%	+21.48%	-37.58%	+4.96%	📊
Operating Income Growth (5Y)	--	--	--	--	+116.47%	+344.12%	+295.19%	+246.49%	+240.64%	+73.67%	-13.49%	-9.20%	📊
Operating Income Growth (10Y)	--	--	--	--	--	--	--	--	--	+795.79%	+381.43%	+405.30%	📊
Interest Expense	14	19	28	51	90	59	34	162	630	780	684	643	📊
Pre Tax Income	47	55	77	84	102	243	305	291	348	423	264	323	📊
Tax Provision	19	22	22	21	25	63	78	71	69	102	45	54	📊
NET INCOME	28	33	55	63	77	181	227	220	279	320	219	269	📊
Net Income Growth (1Y)	--	+16.71%	+65.07%	+14.98%	+22.99%	+133.46%	+25.80%	-3.25%	+27.09%	+14.74%	-31.72%	+22.77%	📊
Net Income Growth (5Y)	--	--	--	--	+172.45%	+444.97%	+315.30%	+249.46%	+261.10%	+77.47%	-3.67%	+18.27%	📊
Net Income Growth (10Y)	--	--	--	--	--	--	--	--	--	+1028.80%	+560.40%	+710.77%	📊
Basic EPS	0.9	0.98	1.52	1.39	1.58	3.85	4.78	4.49	5.66	6.32	3.78	4.98	📊
Diluted EPS	0.9	0.98	1.52	1.38	1.58	3.85	4.76	4.47	5.64	6.3	3.78	4.98	📊
Basic Average Shares	32	32	34	43	43	43	43	43	43	45	46	46	📊
Diluted Average Shares	32	32	34	43	43	43	43	43	43	45	46	46	📊

Breakdown

2015

12/31

2016

12/31

2017

12/31

2018

12/31

2019

12/31

2020

12/31

2021

12/31

2022

12/31

2023

12/31

2024

12/31

2025

12/31

TTM

REVENUE

138

186

255

401

462

602

1,189

1,447

1,365

1,309

📊

Revenue Growth (1Y)

+20.56%

+41.96%

+34.47%

+37.20%

+57.60%

+15.05%

+30.44%

+97.50%

+21.70%

-5.65%

-4.09%

📊

Revenue Growth (5Y)

+215.75%

+312.77%

+234.54%

+224.52%

+367.12%

+260.70%

+195.79%

+183.68%

📊

Revenue Growth (10Y)

+1694.97%

+1304.68%

+1247.21%

📊

Cost of Revenue

180

670

804

802

715

📊

Cost of Revenue Growth (1Y)

+30.68%

+51.86%

+82.48%

+69.57%

-24.73%

-44.80%

+361.59%

+273.08%

+20.06%

-0.35%

-10.82%

📊

Cost of Revenue Growth (5Y)

+514.01%

+253.68%

+28.56%

+225.20%

+615.48%

+1041.25%

+1960.32%

+1737.35%

📊

Cost of Revenue Growth (10Y)

+5174.61%

+3922.21%

+3486.92%

📊

Gross Profit

108

130

161

331

423

422

519

643

564

595

📊

Gross Profit Growth (1Y)

+18.20%

+39.40%

+20.98%

+23.49%

+105.51%

+27.81%

-0.04%

+22.87%

+23.81%

-12.29%

+5.48%

📊

Gross Profit Growth (5Y)

+146.16%

+328.01%

+292.41%

+224.23%

+222.60%

+94.34%

+33.37%

+40.68%

📊

Gross Profit Growth (10Y)

+883.18%

+629.57%

+669.54%

📊

Operating Expenses

118

131

171

220

300

318

📊

Operating Expenses Growth (1Y)

+23.54%

+35.95%

+51.50%

+27.01%

+48.59%

+34.79%

+11.57%

+30.34%

+28.54%

+36.29%

+5.94%

📊

Operating Expenses Growth (5Y)

+223.19%

+288.71%

+285.40%

+183.82%

+191.25%

+151.94%

+154.73%

+169.86%

📊

Operating Expenses Growth (10Y)

+1109.90%

+1234.70%

+1313.96%

📊

Sell General Administrative

122

157

177

175

📊

Research and Development

📊

Other Income Expenses

123

142

📊

EBITDA

103

245

307

294

351

426

267

326

📊

EBITDA Growth (1Y)

+15.99%

+40.64%

+9.08%

+21.89%

+138.14%

+25.23%

-4.39%

+19.46%

+21.35%

-37.21%

+21.92%

📊

EBITDA Growth (5Y)

+116.89%

+345.32%

+296.51%

+247.54%

+240.59%

+73.56%

-12.98%

+6.10%

📊

EBITDA Growth (10Y)

+796.46%

+385.29%

+491.67%

📊

Depreciation and Amortization

📊

Operating Income

102

243

305

291

348

423

264

277

📊

Operating Income Growth (1Y)

+16.14%

+40.82%

+8.90%

+21.55%

+138.27%

+25.30%

-4.52%

+19.50%

+21.48%

-37.58%

+4.96%

📊

Operating Income Growth (5Y)

+116.47%

+344.12%

+295.19%

+246.49%

+240.64%

+73.67%

-13.49%

-9.20%

📊

Operating Income Growth (10Y)

+795.79%

+381.43%

+405.30%

📊

Interest Expense

162

630

780

684

643

📊

Pre Tax Income

102

243

305

291

348

423

264

323

📊

Tax Provision

102

📊

NET INCOME

181

227

220

279

320

219

269

📊

Net Income Growth (1Y)

+16.71%

+65.07%

+14.98%

+22.99%

+133.46%

+25.80%

-3.25%

+27.09%

+14.74%

-31.72%

+22.77%

📊

Net Income Growth (5Y)

+172.45%

+444.97%

+315.30%

+249.46%

+261.10%

+77.47%

-3.67%

+18.27%

📊

Net Income Growth (10Y)

+1028.80%

+560.40%

+710.77%

📊

Basic EPS

0.9

0.98

1.52

1.39

1.58

3.85

4.78

4.49

5.66

6.32

3.78

4.98

📊

Diluted EPS

0.9

0.98

1.52

1.38

1.58

3.85

4.76

4.47

5.64

6.3

3.78

4.98

📊

Basic Average Shares

📊

Diluted Average Shares

📊

Ex-Dividend date
Payment date
Annual Dividend	0.42 ($)
Dividend Yield	0.81%
Shareholders Yield	-19.38%
Next Earnings
Market cap	2.39B (USD)
EPS (TTM)	4.98 ($)
P/E (TTM)	10.46 ($)
Last Close	52.07

Next Earnings
Market cap	2.39B (USD)
EPS (TTM)	4.98 ($)
P/E (TTM)	10.46 ($)
Last Close	52.07 ($)

Ex-Dividend date
Payment date
Annual Dividend	0.42 ($)
Dividend Yield	0.81%
Shareholders Yield	-19.38%
Next Earnings
Market cap	2.39B (USD)
EPS (TTM)	4.98 ($)
P/E (TTM)	10.46 ($)
Last Close	52.07

Next Earnings
Market cap	2.39B (USD)
EPS (TTM)	4.98 ($)
P/E (TTM)	10.46 ($)
Last Close	52.07 ($)