MediaAlpha, Inc. (MAX) stock
Close on Nov 11, 2026Market cap $886.11MP/E 8.3Yield –
MediaAlpha, Inc. grew revenue 15.2% to $1.29B over the twelve months to Sep 30, 2026. Operating income rose 417.7% to $93.48M, moving the operating margin from 1.6% to 7.2%. Free cash flow was $54.20M, down 37.9% from a year earlier. At the latest close the market valued the company at $886.11M, 8.3 times its earnings.
Key statistics
Valuation at the latest close; fundamentals over the trailing twelve months, balances at Sep 30, 2026
Valuation
- Market cap
- $886.11M
- P/E ratio
- 8.3
- Price to sales
- 0.68
- Price to book
- 17.26
- Dividend yield
- –
- Free cash flow yield
- 6.12%
Fundamentals
- Revenue
- $1.29B
- Net income
- $108.07M
- EPS, diluted
- $1.80
- Free cash flow
- $54.20M
- Book value per share
- $0.82
- Diluted shares
- 63M
Trading
- Next earnings
- Feb 22, 2027 (estimated, after the close)
- Previous close
- $14.37
- Open
- $14.18
- Day's range
- $13.95 – $14.99
- Volume
- 1,149,972
- Average volume (20 days)
- 1,257,971
- Index membership
- Russell 2000 (since Dec 2020), Russell 3000 (since Feb 2021)
- Beta (5 years)
- 0.87
- 52-week range
- $7.09 – $15.99
- RSI (14 days)
- 70.1
- Volatility (1 year)
- 56.9%
- Relative volume
- 1.20×
- WACC
- 8.7%
On 1 of our idea list: Shareholder yield
Index membership is inferred from the holdings of funds that track each index (IWM, IWV), as reported to the SEC for Jun 30, 2026. Join dates come from quarterly fund reports since 2019, so they are accurate to the quarter.
Market cap history
Month-end market cap since 2022, using shares outstanding reported at the time
Total return vs. the S&P 500
Price change plus reinvested dividends, to the close on Nov 11, 2026. The S&P 500 is measured by the SPY fund.
| Period | MAX | S&P 500 | Difference | MAX per year | S&P 500 per year |
|---|---|---|---|---|---|
| 1 month | +48.4% | -2.4% | +50.8 pts | ||
| 3 months | +14.2% | -1.2% | +15.3 pts | ||
| Year to date | +15.6% | +12.3% | +3.3 pts | ||
| 1 year | +12.6% | +12.4% | +0.2 pts | ||
| 3 years | +62.9% | +78.8% | −15.9 pts | +17.7% | +21.4% |
| 5 years | -6.0% | +75.2% | −81.2 pts | -1.2% | +11.9% |
Eight years at a glance
Fiscal years 2018 to 2025 and trailing twelve months, USD
Revenue
Gross profit
Operating income
Net income
EPS, diluted
Free cash flow
Press releases
Releases MediaAlpha filed with the SEC as exhibits to Form 8-K or 6-K
- Results
- Results
- Update
- Results
- Results
- Update
About MediaAlpha
Services-Business Services, NEC
MediaAlpha operates a customer acquisition technology platform and programmatic marketplace for the insurance sector. The company connects insurance providers with prospective policyholders by delivering consumer referrals through clicks, calls, and leads. Its operations span three primary segments: property and casualty, health—with a focus on Medicare Advantage—and life insurance. Transactions occur through open and private marketplace formats. The company's customer base consists of demand partners, including insurance carriers, distributors, and agents seeking to acquire customers, as well as supply partners, such as carriers and financial websites looking to monetize consumer traffic.
Company profile, executives and historyMediaAlpha stock: common questions
What is MediaAlpha's stock price?
MAX closed at $14.97 on Nov 11, 2026, up 4.18% on the day. Over the past 52 weeks it traded between $7.09 and $15.99.
What is MediaAlpha's market cap?
MediaAlpha was worth $886.11M at the close on Nov 11, 2026: the share price times the diluted shares outstanding.
What is MAX's P/E ratio?
MAX trades at 8.3 times earnings, based on diluted earnings per share of $1.80 over the twelve months to Sep 30, 2026.
How much revenue does MediaAlpha make?
MediaAlpha reported revenue of $1.29B for the twelve months to Sep 30, 2026, up 15.2% from a year earlier.
Does MediaAlpha pay a dividend?
No. MediaAlpha has not paid a cash dividend over the last twelve months.
When does MediaAlpha report earnings next?
MediaAlpha is expected to report Q4 FY2026 results on Feb 22, 2027, after the close. The date is estimated from its past reporting pattern until the company confirms it.
How has MAX stock performed over the past year?
Including dividends, MAX returned +12.6% over the past year, against +12.4% for the S&P 500.
How many MAX shares are sold short?
3M shares were sold short at the latest FINRA report, 9.29% of the float, or 3.1 days of average trading volume.
Who are MediaAlpha's competitors?
Companies most similar to MediaAlpha by business, industry and size include QNST, HQY, CTEV, PAY, PRTH.
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