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Mitek Systems (MITK) Ratios
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Mitek Systems Ratios
MITK's free cash flow for Q3 2026 was $25.32M. For the 2026 fiscal year, MITK's free cash flow was decreased by $-1.84M and operating cash flow was $27.16M. See a summary of the company’s cash flow.
| Ratios | Sep 25 | Sep 24 | Dec 23 | Mar 23 | Sep 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 1.19 | 4.39 | 3.69 | 2.84 | 5.20 |
| Quick Ratio | 1.19 | 4.39 | 3.69 | 2.80 | 5.16 |
| Cash Ratio | 0.74 | 2.22 | 1.14 | 0.66 | 0.77 |
| Solvency Ratio | 0.11 | 0.10 | 0.14 | 0.10 | 0.08 |
| Operating Cash Flow Ratio | 0.26 | 0.75 | 0.61 | 0.54 | 0.95 |
| Short-Term Operating Cash Flow Coverage | 0.36 | 0.00 | 157.93 | 263.51 | 373.41 |
| Net Current Asset Value | $ 29.64M | $ -13.90M | $ -10.18M | $ -55.65M | $ -21.97M |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.34 | 0.36 | 0.35 | 0.37 | 0.31 |
| Debt-to-Equity Ratio | 0.65 | 0.69 | 0.69 | 0.80 | 0.67 |
| Debt-to-Capital Ratio | 0.39 | 0.41 | 0.41 | 0.44 | 0.40 |
| Long-Term Debt-to-Capital Ratio | 0.00 | 0.40 | 0.40 | 0.43 | 0.39 |
| Financial Leverage Ratio | 1.91 | 1.93 | 1.98 | 2.14 | 2.17 |
| Debt Service Coverage Ratio | 0.21 | 3.18 | 4.03 | 3.38 | 4.45 |
| Interest Coverage Ratio | 1.72 | 0.24 | 1.72 | 1.48 | 2.59 |
| Debt to Market Cap | 0.34 | 0.36 | 0.28 | 0.32 | 0.15 |
| Interest Debt Per Share | 3.61 | 3.39 | 3.31 | 3.22 | 3.11 |
| Net Debt to EBITDA | 0.03 | 2.18 | 2.09 | 3.68 | 4.15 |
| Profitability Margins | |||||
| Gross Profit Margin | 85.09% | 85.82% | 86.70% | 86.18% | 87.86% |
| EBIT Margin | 11.90% | 4.85% | 11.25% | 8.17% | 11.63% |
| EBITDA Margin | 20.51% | 14.68% | 22.96% | 19.39% | 20.10% |
| Operating Profit Margin | 9.34% | 1.30% | 9.02% | 8.43% | 11.08% |
| Pretax Profit Margin | 6.46% | -0.53% | 5.99% | 2.49% | 7.35% |
| Net Profit Margin | 4.90% | 1.90% | 4.65% | 2.55% | 6.66% |
| Continuous Operations Profit Margin | 4.90% | 1.90% | 4.65% | 2.55% | 6.66% |
| Net Income Per EBT | 75.77% | -360.62% | 77.62% | 102.55% | 90.64% |
| EBT Per EBIT | 69.14% | -40.74% | 66.44% | 29.52% | 66.30% |
| Return on Assets (ROA) | 1.92% | 0.79% | 1.98% | 1.01% | 1.90% |
| Return on Equity (ROE) | 3.66% | 1.53% | 3.91% | 2.17% | 4.13% |
| Return on Capital Employed (ROCE) | 6.71% | 0.60% | 4.40% | 3.86% | 3.49% |
| Return on Invested Capital (ROIC) | 3.16% | -2.16% | 3.39% | 3.83% | 3.15% |
| Return on Tangible Assets | 3.08% | 1.44% | 3.70% | 2.19% | 2.43% |
| Earnings Yield | 1.97% | 0.81% | 1.64% | 0.90% | 0.99% |
| Efficiency Ratios | |||||
| Receivables Turnover | 3.63 | 3.62 | 3.42 | 3.37 | 5.79 |
| Payables Turnover | 6.91 | 3.37 | 3.02 | 4.02 | 5.80 |
| Inventory Turnover | 0.00 | 0.00 | 0.00 | 10.00 | 7.57 |
| Fixed Asset Turnover | 36.39 | 23.81 | 24.76 | 16.74 | 11.17 |
| Asset Turnover | 0.39 | 0.42 | 0.43 | 0.40 | 0.29 |
| Working Capital Turnover Ratio | 1.97 | 1.22 | 1.51 | 1.14 | 1.07 |
| Cash Conversion Cycle | 47.76 | -7.51 | -13.90 | 54.03 | 48.28 |
| Days of Sales Outstanding | 100.54 | 100.75 | 106.80 | 108.28 | 63.01 |
| Days of Inventory Outstanding | 0.00 | 0.00 | 0.00 | 36.49 | 48.20 |
| Days of Payables Outstanding | 52.79 | 108.27 | 120.69 | 90.74 | 62.93 |
| Operating Cycle | 100.54 | 100.75 | 106.80 | 144.77 | 111.21 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 1.21 | 0.68 | 0.69 | 0.59 | 0.86 |
| Free Cash Flow Per Share | 1.19 | 0.65 | 0.67 | 0.57 | 0.83 |
| Dividend Paid and CapEx Coverage Ratio | 47.91 | 22.04 | 30.55 | 23.40 | 26.92 |
| Capital Expenditure Coverage Ratio | 47.91 | 22.04 | 30.55 | 23.40 | 26.92 |
| Operating Cash Flow Coverage Ratio | 0.36 | 0.21 | 0.22 | 0.19 | 0.29 |
| Operating Cash Flow to Sales Ratio | 0.31 | 0.18 | 0.18 | 0.18 | 0.31 |
| Free Cash Flow Yield | 12.13% | 7.49% | 6.26% | 6.18% | 4.47% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 51.42 | 123.15 | 60.81 | 110.58 | 100.89 |
| Price-to-Sales (P/S) Ratio | 2.49 | 2.35 | 2.83 | 2.82 | 6.72 |
| Price-to-Book (P/B) Ratio | 1.86 | 1.88 | 2.38 | 2.40 | 4.16 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 8.24 | 13.34 | 15.98 | 16.19 | 22.39 |
| Price-to-Operating Cash Flow Ratio | 8.07 | 12.74 | 15.45 | 15.50 | 21.56 |
| Price-to-Earnings Growth (PEG) Ratio | 0.30 | -2.02 | 0.52 | -2.05 | -19.17 |
| Enterprise Value Multiple | 12.15 | 18.16 | 14.41 | 18.23 | 37.58 |
| Enterprise Value | 447.68M | 458.86M | 570.79M | 511.92M | 904.85M |
| EV to EBITDA | 12.15 | 18.16 | 14.41 | 18.23 | 37.58 |
| EV to Sales | 2.49 | 2.67 | 3.31 | 3.54 | 7.55 |
| EV to Free Cash Flow | 8.26 | 15.17 | 18.68 | 20.29 | 25.17 |
| EV to Operating Cash Flow | 8.09 | 14.48 | 18.07 | 19.43 | 24.23 |
| Tangible Book Value Per Share | 1.47 | 0.62 | 0.37 | -0.56 | 2.34 |
| Shareholders’ Equity Per Share | 5.26 | 4.61 | 4.51 | 3.82 | 4.44 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.24 | 4.61 | 0.22 | -0.03 | 0.09 |
| Revenue Per Share | 3.93 | 3.70 | 3.79 | 3.25 | 2.75 |
| Net Income Per Share | 0.19 | 0.07 | 0.18 | 0.08 | 0.18 |
| Tax Burden | 0.76 | -3.61 | 0.78 | 1.03 | 0.91 |
| Interest Burden | 0.54 | -0.11 | 0.53 | 0.30 | 0.63 |
| Research & Development to Revenue | 0.20 | 0.20 | 0.17 | 0.21 | 0.23 |
| SG&A to Revenue | 0.48 | 0.54 | 0.25 | 0.18 | 0.19 |
| Stock-Based Compensation to Revenue | 0.09 | 0.07 | 0.06 | 0.09 | 0.10 |
| Income Quality | 6.29 | 9.67 | 3.93 | 8.69 | 4.68 |
Currency in USD
