Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
Is the EBITDA margin high or low?
The EBITDA margin of 19.58% is 46% below its 5-year average of 36.23%, near the low end of its 5-year range (14.02%–68.33%).
1.73% below its 12-month average of 19.92%.
Reported quarterly EBITDA margin; no daily interpolation. Q2 FY2026 (2026-06-30): 18.40%.
EBITDA MARGIN
19.58%
EBITDA MARGIN AVG TTM
19.92%
EBITDA MARGIN AVG 3Y
25.18%
EBITDA MARGIN AVG 5Y
36.23%
EBITDA MARGIN AVG 10Y
44.73%
EBITDA MARGIN AVG 15Y
N/A
EBITDA MARGIN AVG 20Y
N/A
CURRENT VS TTM AVG
-1.73%
CURRENT VS 3Y AVG
-22.25%
CURRENT VS 5Y AVG
-45.95%
CURRENT VS 10Y AVG
-56.23%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
Merchants Bancorp
Market Cap
$2.53B
EBITDA Margin
19.58%
TTM Avg
19.92%
3Y Avg
25.18%
5Y Avg
36.23%
Market Cap
$2.49B
EBITDA Margin
27.47%
TTM Avg
26.00%
3Y Avg
29.16%
5Y Avg
32.38%
Market Cap
$2.49B
EBITDA Margin
13.57%
TTM Avg
6.63%
3Y Avg
16.46%
5Y Avg
22.83%
Market Cap
$2.49B
EBITDA Margin
19.61%
TTM Avg
22.92%
3Y Avg
28.44%
5Y Avg
31.96%
Market Cap
$2.58B
EBITDA Margin
15.76%
TTM Avg
14.04%
3Y Avg
9.60%
5Y Avg
6.86%
Market Cap
$2.44B
EBITDA Margin
-135.44%
TTM Avg
-42.42%
3Y Avg
15.56%
5Y Avg
34.37%
Market Cap
$2.64B
EBITDA Margin
27.79%
TTM Avg
27.06%
3Y Avg
30.18%
5Y Avg
32.73%
| NAME | MARKET CAP | EBITDA MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Merchants Bancorp (MBINM) | $2.53B | 19.58% | 19.92% | 25.18% | 36.23% |
| WaFd, Inc. (WAFDP)vs › | $2.57B | 21.23% | 24.23% | 32.47% | 34.56% |
| First Merchants Corporation (FRME)vs › | $2.49B | 27.47% | 26.00% | 29.16% | 32.38% |
| Columbia Financial, Inc. (CLBK)vs › | $2.49B | 13.57% | 6.63% | 16.46% | 22.83% |
| First Busey Corporation (BUSE)vs › | $2.49B | 19.61% | 22.92% | 28.44% | 31.96% |
| The Baldwin Insurance Group, Inc. (BWIN)vs › | $2.58B | 15.76% | 14.04% | 9.60% | 6.86% |
| First Bancorp (FBNC)vs › | $2.47B | 28.47% | 25.16% | 31.86% | 34.24% |
| Oxford Lane Capital Corp. (OXLCM)vs › | $2.44B | -135.44% | -42.42% | 15.56% | 34.37% |
| NBT Bancorp Inc. (NBTB)vs › | $2.64B | 27.79% | 27.06% | 30.18% | 32.73% |
| Trustmark Corporation (TRMK)vs › | $2.65B | 29.08% | 18.88% | 19.60% | 25.49% |
EBITDA Margin
19.6%
Operating Margin
21.1%
Net Margin
20.5%
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.
Formula: EBITDA Margin = (EBITDA / Revenue) × 100
Why EBITDA Margin matters:
EBITDA Margin = EBITDA / Revenue
EBITDA margin measures operating profitability before interest, taxes, depreciation, and amortization as a percentage of revenue.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | EBITDA MARGIN |
|---|---|
| 2026-06-30 | 18.40% |
| 2026-03-31 | 27.02% |
| 2025-12-31 | 21.16% |
| 2025-09-30 | 19.02% |
| 2025-06-30 | 14.02% |
| 2025-03-31 | 24.92% |
| 2024-12-31 | 33.87% |
| 2024-09-30 | 23.16% |
| 2024-06-30 | 27.85% |
| 2024-03-31 | 32.48% |
| 2023-12-31 | 28.99% |
| 2023-09-30 | 32.35% |
| 2023-06-30 | 24.13% |
| 2023-03-31 | 32.93% |
| 2022-12-31 | 37.14% |
| 2022-09-30 | 48.14% |
| 2022-06-30 | 57.09% |
| 2022-03-31 | 61.64% |
| 2021-12-31 | 60.44% |
| 2021-09-30 | 68.33% |
| 2021-06-30 | 67.67% |
| 2021-03-31 | 69.99% |
| 2020-12-31 | 68.71% |
| 2020-09-30 | 67.08% |
| 2020-06-30 | 60.48% |
| 2020-03-31 | 42.22% |
| 2019-12-31 | 46.68% |
| 2019-09-30 | 38.80% |
| 2019-06-30 | 38.26% |
| 2019-03-31 | 33.60% |
| 2018-12-31 | 39.75% |
| 2018-09-30 | 46.54% |
| 2018-06-30 | 47.13% |
| 2018-03-31 | 50.38% |
| 2017-12-31 | 53.33% |
| 2017-09-30 | 51.55% |
| 2017-06-30 | 62.89% |
| 2017-03-31 | 56.49% |
| 2016-12-31 | 55.03% |
| 2016-09-30 | 63.59% |
| 2016-06-30 | 80.84% |
| 2016-03-31 | 81.75% |
