The Filing Desk

MNTN vs PubMatic

MNTN MNTN · PubMatic PUBM · Advertising

MNTN reported revenue of $290 million in fiscal 2025, about the same as PubMatic's $283 million in fiscal 2025. MNTN's revenue grew 28.6% in its latest year, and PubMatic's fell 2.9%. MNTN had an operating margin of 8.3%, against -6.1% at PubMatic. Free cash flow was $44 million at MNTN and $67 million at PubMatic.

Side by side

MNTNPubMatic
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$290M$283M
Revenue growth28.6%−2.9%
Revenue growth a year, last 5 years—13.7%
Gross margin77.2%63.6%
Operating margin8.3%−6.1%
Net margin−2.2%−5.1%
Free cash flow$44M$67M
Free cash flow margin15.2%23.6%
Return on capital——
Net debt to EBITDA——
Dividends and buybacks$10M$46M
Change in diluted share count268.5%−13.4%
Last close$5.33$17.81
P/E at the last close——
Insider trades, last 12 months——
Piotroski F-score——
Amounts in each company's own currency, US$ 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
MNTNPubMatic
Operating margin
Percent of revenue
MNTNPubMatic
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
MNTNPubMatic

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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 MNTN and PubMatic pages.