Merchants Bancorp
Company Stats
- Market Cap
- $2.2B
- as of Sep 30, 2026
- Shares Outstanding
- 45.9M
- Free Float
- 27.7%
Income Statement
- Net Income
- $218.8M
Cash Flow
- Free Cash Flow
- -$362.2M
- FCF Yield
- -16.1%
Balance Sheet
- Total Debt
- $3.8B
Returns & Capital
- Dividends Paid
- $59.4M
- Dividend Yield
- 2.6%
- Dividend Payout, 3Y Avg
- 20.2%
Cash Flow by Year
| Year | Revenue | FCF | Margin |
|---|---|---|---|
| FY2025 | — | -$362.2M | — |
| FY2024 | — | -$853.7M | — |
| FY2023 | — | -$363.9M | — |
| FY2022 | — | $969.0M | — |
| FY2021 | — | -$52.9M | — |
Annual filing data through FY ended December 31, 2025; shares and float as of October 13, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.
Stronger demand supports expansion as pricing diverges