# Merchants Bancorp (MBINN)

> Financial Services · US · Reports in USD

Fundamental indicators from Sponda, adjusted for inflation.

[HTML version](https://sponda.capital/en/MBINN/fundamentals)

## Annual figures

| Year | Revenue (M) | Net Inc. (M) | FCF (M) | Debt (M) | Equity (M) |
| --- | --- | --- | --- | --- | --- |
| 2026 | $ 317.11M | $ 67.73M | $ -597.32M | $ 4.77B | $ 2.33B |
| 2025 | $ 1.39B | $ 224.00M | $ -173.87M | $ 3.84B | $ 2.28B |
| 2024 | $ 1.52B | $ 336.75M | $ -897.27M | $ 4.34B | $ 2.24B |
| 2023 | $ 1.29B | $ 301.92M | $ -417.24M | $ 964.13M | $ 1.70B |
| 2022 | $ 672.57M | $ 245.45M | $ 1.08B | $ 940.39M | $ 1.46B |
| 2021 | $ 548.64M | $ 269.95M | $ -62.83M | $ 1.17B | $ 1.16B |
| 2020 | $ 511.07M | $ 229.99M | $ -1.12B | $ 1.24B | $ 810.62M |
| 2019 | $ 328.56M | $ 99.81M | $ -1.64B | $ 181.44M | $ 653.73M |
| 2018 | $ 245.02M | $ 83.04M | $ 248.40M | $ 195.45M | $ 421.24M |
| 2017 | $ 185.86M | $ 73.67M | $ -239.63M | $ 56.61M | $ 367.47M |
| 2016 | $ 123.85M | $ 45.02M | $ -209.14M | $ 57.01M | $ 206.29M |

Columns not available in this view: annualPriceMultiples, dividends. They require live market data and are shown on the HTML page instead.

## Leverage and liquidity

| Indicator | Value |
| --- | --- |
| Gross Debt / Eq | 2.05 |
| Liabilities / Eq | 7.72 |

## Debt coverage

| Indicator | Value |
| --- | --- |
| Gross Debt / Earnings | 24.22 |

## Other views

- [Metrics](https://sponda.capital/en/MBINN.md)
- [Charts](https://sponda.capital/en/MBINN/charts.md)
- [Compare](https://sponda.capital/en/MBINN/compare.md)
- [Indicator definitions](https://sponda.capital/en/screener.md)

Data as of 2026-08-27.