Match Group vs Reddit
Add, change or remove companies; up to four.
KIRAβs take AI analyst
I put Match Group and Reddit side by side, using each oneβs latest annual report. Here is what stands out:
- Match Group is the larger business, with $3.5B of revenue in fiscal 2025 against $2.2B for Reddit, about 1.6 times as much.
- Reddit grew revenue faster (69.4%, against 0.2%).
- Match Group kept more of each dollar of sales as operating profit (25.0% operating margin, against 20.1%).
- Reddit turned more of its sales into free cash flow (31.1% FCF margin, against 29.4%).
- Reddit earned a higher return on the capital invested in it (119.1%, against 28.3%).
- Investors pay more for each dollar of Redditβs earnings: a P/E of 32.2x against 16.0x for Match Group.
Who comes out ahead
Of the 9 measures where higher (or lower) is clearly better, how many each company leads.
Match Group
MTCH
3/9
Operating marginPiotroski F-scoreShare count change
RDDT
6/9
Revenue growthGross marginNet marginFCF marginReturn on capitalNet debt / EBITDA
Side by side
Best in the row
| Latest fiscal year | MTCH FY25 | RDDT FY25 |
|---|---|---|
| Size | ||
| Market cap | $11.2B | $28.0B |
| Revenue | $3.5B | $2.2B |
| Free cash flow | $1.0B | $684M |
| Net income | $614M | $530M |
| Growth | ||
| Revenue growth | 0.2% | 69.4% |
| 5-year growth | 7.8% | β |
| Share count change | β5.9% | 38.9% |
| Profitability | ||
| Gross margin | 72.8% | 91.2% |
| Operating margin | 25.0% | 20.1% |
| Net margin | 17.6% | 24.1% |
| FCF margin | 29.4% | 31.1% |
| Return on capital | 28.3% | 119.1% |
| Return on equity | β | 20.9% |
| Balance sheet | ||
| Net debt | $2.5B | β$2.5B |
| Net debt / EBITDA | 2.7x | β5.4x |
| Dividends and buybacks | $975M | $0.0M |
| Valuation & quality | ||
| P/E | 16.0x | 32.2x |
| Piotroski F-score | 8 | 6 |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.