MELI Consumer Cyclical

MercadoLibre, Inc.

$1,662.16-0.87%

Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026

Basics

Sector: Consumer Cyclical
Industry: Internet Retail
Country: Uruguay
Market cap: 84.3B USD
Enterprise value: 97.9B USD
Full-time employees: 123,670

Overall health

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.31 vs a peer median of 0.63), less short-term liquidity (current ratio 1.12 vs a peer median of 1.48) and more debt relative to equity (1.36× vs a peer median of 0.46×)higher risk: bigger price swings (beta 1.31 vs peers 0.63), less liquidity (current ratio 1.12 vs peers 1.48) and more debt vs equity (1.36× vs peers 0.46×)

Ranks #705 of 1,502 consumer cyclical companies (top 47%)

See how it ranks against its peers

Worth knowing

Valuation signals disagree. Cheaper than 81% of peers on free cash flow, but only 25% on operating cash profit (EBITDA).Cheaper than 81% of peers on free cash flow, but only 25% on operating cash profit.
Relative to its free cash flow, MercadoLibre looks cheaper than 81% of peers; relative to its operating cash profit (EBITDA), cheaper than only 25%. The valuation score blends the two, so look at which measure fits this business best.Relative to its free cash flow, MercadoLibre looks cheaper than 81% of peers; relative to its operating cash profit, cheaper than only 25%. The valuation score blends the two, so look at which measure fits this business best.
Profits growing faster than sales. Since 2022: revenue +168%, operating profit +199%.
Since 2022, MercadoLibre's revenue grew 168% while operating profit grew 199%: each extra dollar of sales is adding more profit.
Cash flow well above reported profit. Free cash flow is 6.7× reported profit.
Free cash flow is 6.7× reported profit. Large non-cash charges, such as depreciation, amortization or stock-based pay, reduce reported profit without using cash.
Annual revenue rose 5 years in a row. Fiscal-year revenue rose from $4.0B in 2020 to $28.9B in 2025.
MercadoLibre's fiscal-year revenue rose in each of the five years to 2025, from $4.0B to $28.9B.

StockQuotient Score

53/ 100▲ 1 since Oct 27 close

Oct 5 52 → Nov 4 53 (+1)

Valuation

Is the price right?

37/100

Weak▲ 1 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 36 → 37

Peer companies moved+1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Weaker than most peers on:

▼ EBITDA yield
▼ Earnings yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield2.2%

SEC filings · 12 months to Jun 2026Reported value30% base weight · Z-score -0.66Sector median: 0.0439 · MAD: 0.0329

EBITDA yield4.4%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score -0.96Sector median: 0.0877 · MAD: 0.0461

Free cash flow yield14.7%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score 1.58Sector median: 0.0614 · MAD: 0.0545

Other data (not scored)

Book yield9.3%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.5650 · MAD: 0.3500

Growth

Is it growing?

94/100

Strong

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

12-month revenue up 10.6%

Why

Stronger than most peers on:

▲ 3-yr revenue
▲ Revenue growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth-9.3%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.53Sector median: 0.0420 · MAD: 0.2537

3-year revenue growth40.4%

SEC filings · 3 years to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score 4.38Sector median: 0.0425 · MAD: 0.0636

Revenue growth46.0%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score 4.60Sector median: 0.0373 · MAD: 0.0653

Profitability

Does it earn well?

64/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Stronger than most peers on:

▲ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin8.3%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.41Sector median: 0.0638 · MAD: 0.0461

Return on assets3.6%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.12Sector median: 0.0331 · MAD: 0.0254

Return on invested capital15.5%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 1.36Sector median: 0.0733 · MAD: 0.0600

Other data (not scored)

Gross margin42.7%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.3025 · MAD: 0.1399

Return on equity23.8%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0746 · MAD: 0.0674

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Beta
▼ Debt / equity
▼ Current ratio

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.31

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -2.27Sector median: 0.6345 · MAD: 0.2980

Current ratio1.12×

SEC filings · latest balance sheetReported value33% base weight · Z-score -0.64Sector median: 1.4800 · MAD: 0.5570

Debt / equity1.36×

SEC filings · latest balance sheetReported value33% base weight · Z-score -2.51Sector median: 0.4646 · MAD: 0.3556

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about MercadoLibre

Is MercadoLibre getting weaker?: Its latest SEC filing (Aug 6, 2026) showed no major changes. Its overall score is 53/100, up 1 since Oct 28, 2026.
How is MercadoLibre valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 37/100 against 1,612 consumer cyclical peers. Free cash flow yield 14.7% vs a peer median of 6.1% (stronger than 81% of peers).Free cash flow yield 14.7% vs peers 6.1% (stronger than 81% of peers). EBITDA yield 4.4% vs a peer median of 8.8% (weaker than 75% of peers).EBITDA yield 4.4% vs peers 8.8% (weaker than 75% of peers).
Is MercadoLibre growing?: Yes, faster than most of its peers. Growth scores 94/100 against 1,612 consumer cyclical peers. 3-year revenue growth 40.4% vs a peer median of 4.3% (stronger than 95% of peers).3-year revenue growth 40.4% vs peers 4.3% (stronger than 95% of peers). Earnings per share growth -9.3% vs a peer median of 4.2% (weaker than 63% of peers).Earnings per share growth -9.3% vs peers 4.2% (weaker than 63% of peers).
How profitable is MercadoLibre?: More profitable than most of its peers. Profitability scores 64/100 against 1,612 consumer cyclical peers. Return on invested capital 15.5% vs a peer median of 7.3% (stronger than 78% of peers).Return on invested capital 15.5% vs peers 7.3% (stronger than 78% of peers).
How risky is MercadoLibre?: Higher risk relative to 1,612 consumer cyclical peers, judged on debt, liquidity and share-price swings. Beta 1.31 vs a peer median of 0.63 (weaker than 87% of peers).Beta 1.31 vs peers 0.63 (weaker than 87% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 6, 2026 · compared with the quarter ended Mar 31, 2026

No major changes

	Previous quarter	Latest quarter	Change
Revenue (12 months)	31.8B USD	35.2B USD	+10.6%
Net income (12 months)	1.9B USD	1.9B USD	−3.0%
Operating margin	9.6%	8.3%	−1.3 pts
Free cash flow (12 months)	11.8B USD	12.4B USD	+5.0%
Debt	9.9B USD	10.6B USD	+7.0%
Cash	3.7B USD	3.6B USD	−0.8%
Shares outstanding	50.7M	50.7M	−0.0%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	42.5%	48.2%	50.2%	46.1%	44.5%	▼ 1.6 pts
Operating margin	6.2%	9.9%	14.6%	12.7%	11.1%	▼ 1.6 pts
Net margin	1.2%	4.5%	6.5%	9.2%	6.9%	▼ 2.3 pts
Return on assets (ROA)	0.8%	3.5%	5.6%	7.6%	4.7%	▼ 2.9 pts
Return on equity (ROE)	5.4%	26.4%	32.1%	43.9%	29.6%	▼ 14 pts
Free cash flow margin	5.5%	23.1%	30.7%	34.0%	37.3%	▲ 3.3 pts
Current ratio	1.40×	1.28×	1.27×	1.21×	1.17×	▼ 3.3%
Quick ratio	1.36×	1.26×	1.24×	1.20×	1.15×	▼ 3.6%
Debt to equity	2.30×	2.60×	1.46×	1.31×	1.36×	▲ 3.7%

MELI price history

Price history is added with the daily price update and will appear after the next one.

Similar companies

Sector leaderboards

Sanrio Company, Ltd.8136.T96/ 100

Track & Field Co S.A.TFCO4.SA92/ 100

Pop Mart International Group Limited9992.HK91/ 100

Bringing the fundamentals into focus…

Overall health

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.31 vs a peer median of 0.63), less short-term liquidity (current ratio 1.12 vs a peer median of 1.48) and more debt relative to equity (1.36× vs a peer median of 0.46×)higher risk: bigger price swings (beta 1.31 vs peers 0.63), less liquidity (current ratio 1.12 vs peers 1.48) and more debt vs equity (1.36× vs peers 0.46×)

Ranks #705 of 1,502 consumer cyclical companies (top 47%)

See how it ranks against its peers

Worth knowing

Valuation signals disagree. Cheaper than 81% of peers on free cash flow, but only 25% on operating cash profit (EBITDA).Cheaper than 81% of peers on free cash flow, but only 25% on operating cash profit.

Relative to its free cash flow, MercadoLibre looks cheaper than 81% of peers; relative to its operating cash profit (EBITDA), cheaper than only 25%. The valuation score blends the two, so look at which measure fits this business best.Relative to its free cash flow, MercadoLibre looks cheaper than 81% of peers; relative to its operating cash profit, cheaper than only 25%. The valuation score blends the two, so look at which measure fits this business best.

Profits growing faster than sales. Since 2022: revenue +168%, operating profit +199%.

Since 2022, MercadoLibre's revenue grew 168% while operating profit grew 199%: each extra dollar of sales is adding more profit.

Cash flow well above reported profit. Free cash flow is 6.7× reported profit.

Free cash flow is 6.7× reported profit. Large non-cash charges, such as depreciation, amortization or stock-based pay, reduce reported profit without using cash.

Annual revenue rose 5 years in a row. Fiscal-year revenue rose from $4.0B in 2020 to $28.9B in 2025.

MercadoLibre's fiscal-year revenue rose in each of the five years to 2025, from $4.0B to $28.9B.

Questions investors ask about MercadoLibre

Is MercadoLibre getting weaker?

Its latest SEC filing (Aug 6, 2026) showed no major changes. Its overall score is 53/100, up 1 since Oct 28, 2026.

How is MercadoLibre valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 37/100 against 1,612 consumer cyclical peers. Free cash flow yield 14.7% vs a peer median of 6.1% (stronger than 81% of peers).Free cash flow yield 14.7% vs peers 6.1% (stronger than 81% of peers). EBITDA yield 4.4% vs a peer median of 8.8% (weaker than 75% of peers).EBITDA yield 4.4% vs peers 8.8% (weaker than 75% of peers).

Is MercadoLibre growing?

Yes, faster than most of its peers. Growth scores 94/100 against 1,612 consumer cyclical peers. 3-year revenue growth 40.4% vs a peer median of 4.3% (stronger than 95% of peers).3-year revenue growth 40.4% vs peers 4.3% (stronger than 95% of peers). Earnings per share growth -9.3% vs a peer median of 4.2% (weaker than 63% of peers).Earnings per share growth -9.3% vs peers 4.2% (weaker than 63% of peers).

How profitable is MercadoLibre?

More profitable than most of its peers. Profitability scores 64/100 against 1,612 consumer cyclical peers. Return on invested capital 15.5% vs a peer median of 7.3% (stronger than 78% of peers).Return on invested capital 15.5% vs peers 7.3% (stronger than 78% of peers).

How risky is MercadoLibre?

Higher risk relative to 1,612 consumer cyclical peers, judged on debt, liquidity and share-price swings. Beta 1.31 vs a peer median of 0.63 (weaker than 87% of peers).Beta 1.31 vs peers 0.63 (weaker than 87% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

31.8B USD

35.2B USD

+10.6%

Net income (12 months)

1.9B USD

1.9B USD

−3.0%

Operating margin

9.6%

8.3%

−1.3 pts

Free cash flow (12 months)

11.8B USD

12.4B USD

+5.0%

Debt

9.9B USD

10.6B USD

+7.0%

Cash

3.7B USD

3.6B USD

−0.8%

Shares outstanding

50.7M

50.7M

−0.0%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

42.5%

48.2%

50.2%

46.1%

44.5%

▼ 1.6 pts

Operating margin

6.2%

9.9%

14.6%

12.7%

11.1%

▼ 1.6 pts

Net margin

1.2%

4.5%

6.5%

9.2%

6.9%

▼ 2.3 pts

Return on assets (ROA)

0.8%

3.5%

5.6%

7.6%

4.7%

▼ 2.9 pts

Return on equity (ROE)

5.4%

26.4%

32.1%

43.9%

29.6%

▼ 14 pts

Free cash flow margin

5.5%

23.1%

30.7%

34.0%

37.3%

▲ 3.3 pts

Current ratio

1.40×

1.28×

1.27×

1.21×

1.17×

▼ 3.3%

Quick ratio

1.36×

1.26×

1.24×

1.20×

1.15×

▼ 3.6%

Debt to equity

2.30×

2.60×

1.46×

1.31×

1.36×

▲ 3.7%