Which has the lower trailing P/E, MBINL or UPST?

MBINL has the lower trailing P/E: MBINL trades at 4.67 and UPST at 46.87. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, MBINL or UPST?

Over the past five years, MBINL grew revenue faster — MBINL at a 23.60% CAGR versus UPST at 22.79%.

Does MBINL or UPST pay a bigger dividend?

MBINL pays a dividend (8.34% yield), while UPST has no payments in the available dividend history.

Is MBINL or UPST more profitable?

MBINL runs the higher net margin — MBINL at 20.51% versus UPST at 4.69%.

Merchants Bancorp (MBINL) vs Upstart Holdings, Inc. (UPST)

A side-by-side comparison of Merchants Bancorp and Upstart Holdings, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.

MBINL

Merchants Bancorp

$2.39B

$23.28Financial ServicesDelayed quote: Oct 6, 2026, 3:35 PM EDT

UPST

Upstart Holdings, Inc.

$2.29B

$23.97Financial ServicesDelayed quote: Oct 6, 2026, 3:30 PM EDT

Total return — MBINL vs UPST

growth of $100 · dividends reinvested · last 2y

MBINL +6.6% (+3.3%/yr)UPST -64.3% (-40.3%/yr)MBINL compounded faster over this window

MBINL UPST

MBINL vs UPST: by the numbers

•MBINL is the larger company ($2.39B vs $2.29B market cap).
•MBINL trades at the lower trailing earnings multiple (4.67 vs 46.87 P/E), one valuation lens rather than an overall verdict.
•MBINL converts more revenue to profit (20.51% vs 4.69% net margin).
•MBINL grew revenue faster over the past five years (23.60% vs 22.79% CAGR).
•MBINL pays a dividend (8.34% yield), while UPST has no payments in the available dividend history.

Metrics side by side

Valuation

Metric	MBINL	UPST
P/E ratio	4.67	46.87
Forward P/E	4.18	35.36
PEG ratio	N/A	3.26
P/S ratio	1.82	1.78
P/B ratio	1.30	2.88

Profitability

Metric	MBINL	UPST
Operating margin	21.15%	4.80%
Net margin	20.51%	4.69%
ROE	11.22%	7.57%

Merchants Bancorp: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.

Upstart Holdings, Inc.: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.

Dividends

Metric	MBINL	UPST
Dividend yield	8.34%	N/A
Payout ratio	38.31%	N/A

Growth (annualized)

Metric	MBINL	UPST
Revenue CAGR (5Y)	23.60%	22.79%
EPS CAGR (5Y)	-0.37%	15.71%
Total return CAGR (5Y)	N/A	-39.34%

Frequently asked

Which has the lower trailing P/E, MBINL or UPST?: MBINL has the lower trailing P/E: MBINL trades at 4.67 and UPST at 46.87. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, MBINL or UPST?: Over the past five years, MBINL grew revenue faster — MBINL at a 23.60% CAGR versus UPST at 22.79%.
Does MBINL or UPST pay a bigger dividend?: MBINL pays a dividend (8.34% yield), while UPST has no payments in the available dividend history.
Is MBINL or UPST more profitable?: MBINL runs the higher net margin — MBINL at 20.51% versus UPST at 4.69%.

Go deeper

Full MBINL analysis Full UPST analysis Interactive comparison tool

Dig into the metrics

Merchants Bancorp P/E ratio Upstart P/E ratio Merchants Bancorp dividend yield Merchants Bancorp ROE Upstart ROE Merchants Bancorp operating margin Upstart operating margin Merchants Bancorp revenue growth Upstart revenue growth

Merchants Bancorp & Upstart appear in these rankings

Highest Dividend Yield Stocks Fastest Revenue Growth Stocks Lowest P/E Ratio Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.