Stocktoria

PubMatic, Inc. PUBM

Nasdaq · stock · Services-Computer Programming, Data Processing, Etc. · website · IPO 2020-12-09

PubMatic, Inc. statistics & valuation

Market cap$587.5M
P / S2.1×
P / B2.2×
P / FCF8.8×
Net margin-5.1%
FCF margin23.6%
Return on capital-5.7%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Net margin (%)
17.90% 24.90% 11.20% 3.30% 4.30% -5.10% 202020212022202320242025
Gross margin (%)
72.30% 74.30% 68.20% 62.80% 65.30% 63.60% 202020212022202320242025
Operating margin (%)
21.30% 25.90% 15.80% 0.80% 1.30% -6.10% 202020212022202320242025
Return on equity (%)
15.20% 22.00% 9.20% 3.00% 4.50% -5.50% 202020212022202320242025
Shares outstanding
17.1M 56.6M 56.9M 56.0M 54.3M 47.0M 202020212022202320242025
Net debt ($)
202020212022202320242025
Share buybacks ($)
202020212022202320242025
Return on assets (%)
7.20% 10.30% 4.50% 1.30% 1.70% -2.10% 202020212022202320242025
Free cash flow margin (%)
0.10% 25.70% 20.00% 26.40% 19.20% 23.60% 202020212022202320242025
Debt / equity (×)
202020212022202320242025
EPS ($)
$0.46 $1.00 $0.50 $0.16 $0.23 -$0.31 202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

PubMatic, Inc. trades at about 74.7× earnings — above its 10-year norm (10-year range 24.5×–94.9×, median 65.7×).

24.5× 94.9×

Shaded band = 10-year range (24.5×–94.9×); dot = today's 74.7×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020
Gross margin63.6%65.3%62.8%68.2%74.3%72.3%
Operating margin-6.1%1.3%0.8%15.8%25.9%21.3%
Net margin-5.1%4.3%3.3%11.2%24.9%17.9%
FCF margin23.6%19.2%26.4%20.0%25.7%0.1%
Return on assets-2.1%1.7%1.3%4.5%10.3%7.2%
Return on equity-5.5%4.5%3.0%9.2%22.0%15.2%
Current ratio1.391.371.481.671.731.71

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.