Mastercard (MA) Ratios
Mastercard Ratios
MX:MA's free cash flow for Q3 2026 was $4.76B. For the 2026 fiscal year, MX:MA's free cash flow was decreased by $-328.00M and operating cash flow was $5.09B. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 1.03 | 1.03 | 1.17 | 1.17 | 1.29 |
| Quick Ratio | 1.03 | 1.03 | 1.17 | 1.17 | 1.29 |
| Cash Ratio | 0.46 | 0.44 | 0.53 | 0.49 | 0.56 |
| Solvency Ratio | 0.35 | 0.33 | 0.34 | 0.33 | 0.31 |
| Operating Cash Flow Ratio | 0.78 | 0.77 | 0.74 | 0.79 | 0.72 |
| Short-Term Operating Cash Flow Coverage | 23.56 | 19.71 | 8.96 | 40.86 | 11.95 |
| Net Current Asset Value | $ -22.85B | $ -21.84B | $ -16.49B | $ -15.74B | $ -13.31B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.35 | 0.38 | 0.37 | 0.36 | 0.37 |
| Debt-to-Equity Ratio | 2.46 | 2.81 | 2.26 | 2.23 | 1.90 |
| Debt-to-Capital Ratio | 0.71 | 0.74 | 0.69 | 0.69 | 0.66 |
| Long-Term Debt-to-Capital Ratio | 0.70 | 0.73 | 0.67 | 0.69 | 0.64 |
| Financial Leverage Ratio | 7.00 | 7.41 | 6.13 | 6.15 | 5.15 |
| Debt Service Coverage Ratio | 11.51 | 10.33 | 6.57 | 14.97 | 8.05 |
| Interest Coverage Ratio | 26.17 | 24.12 | 24.36 | 26.04 | 23.39 |
| Debt to Market Cap | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 |
| Interest Debt Per Share | 21.99 | 20.40 | 17.22 | 14.97 | 14.51 |
| Net Debt to EBITDA | 0.41 | 0.58 | 0.47 | 0.54 | 0.57 |
| Profitability Margins | |||||
| Gross Profit Margin | 100.00% | 76.31% | 76.01% | 76.33% | 76.23% |
| EBIT Margin | 59.17% | 56.45% | 56.63% | 54.88% | 56.86% |
| EBITDA Margin | 62.65% | 59.63% | 59.82% | 58.25% | 60.71% |
| Operating Profit Margin | 57.63% | 55.32% | 55.81% | 55.15% | 53.39% |
| Pretax Profit Margin | 56.66% | 54.16% | 54.34% | 52.76% | 54.58% |
| Net Profit Margin | 45.65% | 45.71% | 44.61% | 44.66% | 46.00% |
| Continuous Operations Profit Margin | 45.65% | 45.71% | 44.61% | 44.66% | 46.00% |
| Net Income Per EBT | 80.57% | 84.40% | 82.08% | 84.64% | 84.28% |
| EBT Per EBIT | 98.31% | 97.90% | 97.37% | 95.66% | 102.23% |
| Return on Assets (ROA) | 27.64% | 26.78% | 26.37% | 25.64% | 23.06% |
| Return on Equity (ROE) | 193.46% | 198.52% | 161.57% | 157.67% | 118.80% |
| Return on Capital Employed (ROCE) | 60.19% | 53.99% | 53.50% | 49.95% | 41.14% |
| Return on Invested Capital (ROIC) | 47.37% | 44.41% | 41.78% | 41.81% | 33.59% |
| Return on Tangible Assets | 38.34% | 38.50% | 36.46% | 36.32% | 32.99% |
| Earnings Yield | 2.92% | 2.64% | 2.78% | 2.95% | 2.45% |
| Efficiency Ratios | |||||
| Receivables Turnover | 7.11 | 7.47 | 6.18 | 6.49 | 6.28 |
| Payables Turnover | 0.00 | 7.18 | 7.22 | 5.68 | 6.08 |
| Inventory Turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Fixed Asset Turnover | 14.24 | 13.17 | 12.18 | 11.09 | 9.90 |
| Asset Turnover | 0.61 | 0.59 | 0.59 | 0.57 | 0.50 |
| Working Capital Turnover Ratio | 50.45 | 17.60 | 9.78 | 7.15 | 3.42 |
| Cash Conversion Cycle | 51.30 | -1.92 | 8.49 | -8.00 | -1.91 |
| Days of Sales Outstanding | 51.30 | 48.89 | 59.04 | 56.22 | 58.10 |
| Days of Inventory Outstanding | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Days of Payables Outstanding | 0.00 | 50.81 | 50.55 | 64.22 | 60.01 |
| Operating Cycle | 51.30 | 48.89 | 59.04 | 56.22 | 58.10 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 19.67 | 15.98 | 12.69 | 11.57 | 9.58 |
| Free Cash Flow Per Share | 18.32 | 15.47 | 12.30 | 10.43 | 8.75 |
| Dividend Paid and CapEx Coverage Ratio | 4.44 | 5.06 | 4.74 | 3.73 | 3.70 |
| Capital Expenditure Coverage Ratio | 14.53 | 31.18 | 32.29 | 10.21 | 11.63 |
| Operating Cash Flow Coverage Ratio | 0.93 | 0.81 | 0.76 | 0.80 | 0.68 |
| Operating Cash Flow to Sales Ratio | 0.54 | 0.52 | 0.48 | 0.50 | 0.50 |
| Free Cash Flow Yield | 3.21% | 2.94% | 2.88% | 3.00% | 2.44% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 34.49 | 37.83 | 35.96 | 33.90 | 40.87 |
| Price-to-Sales (P/S) Ratio | 15.62 | 17.29 | 16.04 | 15.14 | 18.80 |
| Price-to-Book (P/B) Ratio | 66.19 | 75.11 | 58.11 | 53.45 | 48.55 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 31.16 | 34.05 | 34.68 | 33.33 | 41.05 |
| Price-to-Operating Cash Flow Ratio | 29.02 | 32.96 | 33.61 | 30.07 | 37.52 |
| Price-to-Earnings Growth (PEG) Ratio | 1.83 | 2.18 | 2.31 | 2.03 | 1.09 |
| Enterprise Value Multiple | 25.34 | 29.58 | 27.29 | 26.53 | 31.53 |
| Enterprise Value | 520.51B | 496.86B | 409.72B | 343.62B | 361.49B |
| EV to EBITDA | 25.34 | 29.58 | 27.29 | 26.53 | 31.53 |
| EV to Sales | 15.87 | 17.64 | 16.32 | 15.45 | 19.14 |
| EV to Free Cash Flow | 31.67 | 34.73 | 35.29 | 34.03 | 41.80 |
| EV to Operating Cash Flow | 29.49 | 33.62 | 34.20 | 30.69 | 38.20 |
| Tangible Book Value Per Share | -8.21 | -8.79 | -5.03 | -5.17 | -3.97 |
| Shareholders’ Equity Per Share | 8.63 | 7.01 | 7.34 | 6.51 | 7.40 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.19 | 0.16 | 0.18 | 0.15 | 0.16 |
| Revenue Per Share | 36.56 | 30.45 | 26.59 | 22.97 | 19.11 |
| Net Income Per Share | 16.69 | 13.92 | 11.86 | 10.26 | 8.79 |
| Tax Burden | 0.81 | 0.84 | 0.82 | 0.85 | 0.84 |
| Interest Burden | 0.96 | 0.96 | 0.96 | 0.96 | 0.96 |
| Research & Development to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A to Revenue | 0.37 | 0.15 | 0.11 | 0.12 | 0.13 |
| Stock-Based Compensation to Revenue | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 |
| Income Quality | 1.18 | 1.15 | 1.07 | 1.13 | 1.09 |
Currency in USD
