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

MBINN has the lower trailing P/E: MBINN trades at 3.80 and UPST at 46.66. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, MBINN or UPST?

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

Does MBINN or UPST pay a bigger dividend?

MBINN pays a dividend (7.92% yield), while UPST has no payments in the available dividend history.

Is MBINN or UPST more profitable?

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

How have MBINN and UPST total returns compared?

Over the past 5 years, MBINN delivered 0.54% and UPST delivered -39.34% annualized total return. Past performance doesn't predict future results.

Merchants Bancorp (MBINN) 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.

MBINN

Merchants Bancorp

$2.39B

$18.90Financial ServicesDelayed quote: Oct 6, 2026, 4:00 PM EDT

UPST

Upstart Holdings, Inc.

$2.28B

$23.86Financial ServicesDelayed quote: Oct 6, 2026, 4:00 PM EDT

Total return — MBINN vs UPST

growth of $100 · dividends reinvested · last 6y

MBINN +11.5% (+1.8%/yr)UPST -59.5% (-14.0%/yr)MBINN compounded faster over this window

MBINN UPST

MBINN vs UPST: by the numbers

•MBINN is the larger company ($2.39B vs $2.28B market cap).
•MBINN trades at the lower trailing earnings multiple (3.80 vs 46.66 P/E), one valuation lens rather than an overall verdict.
•MBINN converts more revenue to profit (20.51% vs 4.69% net margin).
•MBINN grew revenue faster over the past five years (23.60% vs 22.79% CAGR).
•MBINN pays a dividend (7.92% yield), while UPST has no payments in the available dividend history.

Metrics side by side

Valuation

Metric	MBINN	UPST
P/E ratio	3.80	46.66
Forward P/E	3.39	35.20
PEG ratio	N/A	3.25
P/S ratio	1.82	1.78
P/B ratio	1.30	2.86

Profitability

Metric	MBINN	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	MBINN	UPST
Dividend yield	7.92%	N/A
Payout ratio	30.12%	N/A

Growth (annualized)

Metric	MBINN	UPST
Revenue CAGR (5Y)	23.60%	22.79%
EPS CAGR (5Y)	-0.37%	15.71%
Total return CAGR (5Y)	0.54%	-39.34%

Frequently asked

Which has the lower trailing P/E, MBINN or UPST?: MBINN has the lower trailing P/E: MBINN trades at 3.80 and UPST at 46.66. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, MBINN or UPST?: Over the past five years, MBINN grew revenue faster — MBINN at a 23.60% CAGR versus UPST at 22.79%.
Does MBINN or UPST pay a bigger dividend?: MBINN pays a dividend (7.92% yield), while UPST has no payments in the available dividend history.
Is MBINN or UPST more profitable?: MBINN runs the higher net margin — MBINN at 20.51% versus UPST at 4.69%.
How have MBINN and UPST total returns compared?: Over the past 5 years, MBINN delivered 0.54% and UPST delivered -39.34% annualized total return. Past performance doesn't predict future results.

Go deeper

Full MBINN 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.