The Filing Desk

Ibotta vs MNTN

Ibotta IBTA · MNTN MNTN · Advertising

Ibotta reported revenue of $342 million in fiscal 2025, 1.2 times MNTN's $290 million in fiscal 2025. Ibotta's revenue fell 6.8% in its latest year, and MNTN's grew 28.6%. Ibotta had an operating margin of -0.2%, against 8.3% at MNTN. Free cash flow was $75 million at Ibotta and $44 million at MNTN.

Side by side

IbottaMNTN
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$342M$290M
Revenue growth−6.8%28.6%
Revenue growth a year, last 5 years——
Gross margin79.2%77.2%
Operating margin−0.2%8.3%
Net margin1.0%−2.2%
Free cash flow$75M$44M
Free cash flow margin21.9%15.2%
Return on capital−0.4%—
Net debt to EBITDA−24.9x—
Dividends and buybacks$233M$10M
Change in diluted share count12.1%268.5%
Last close$58.11$5.33
P/E at the last close——
Insider trades, last 12 months——
Piotroski F-score3 of 9—
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
IbottaMNTN
Operating margin
Percent of revenue
IbottaMNTN
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
IbottaMNTN

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Ibotta and MNTN pages.