Is the business good?
How good a business is MDB?
MongoDB, Inc. earns −17% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
−17%
Return on invested capital · cost of capital 9.0% · 26 points below what the capital costs: growth destroys value
- Operating margin
- −4.2%
Operating margin · Software - Infrastructure median 6.1% · 12 months to Q1 2027
- Share count, year on year
- +0.64%
Share count, year on year · flat: no meaningful dilution
- R&D as % of revenue
- 29%
R&D as % of revenue
| Year | Operating margin |
|---|---|
| FY2021 | −35% |
| FY2022 | −33% |
| FY2023 | −27% |
| FY2024 | −14% |
| FY2025 | −11% |
| FY2026 | −5.6% |
Details›
- Gross margin12 months to Q1 2027
- 72%
- Operating margin12 months to Q1 2027
- −4.2%
- Net margin12 months to Q1 2027
- −1.1%
- Free cash flow margin
- 23%
- R&D as % of revenue
- 29%
- Revenue, trailing twelve months
- $2.60B
- Free cash flow, trailing twelve months
- $591M
- Net income, trailing twelve months
- −$29M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- −17%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Software - Infrastructure
Ranks #14 of 78 by Smart Score