MRLN (Merlin) FCF Margin %: -2,575.15% (As of Mar. 2026)


MRLN Merlin Inc MRLN
6 GF Score
Price $5.62
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What is Merlin FCF Margin %?

Merlin MRLN -6.33% 6 FCF Margin % is -2,575.15% as of Mar. 2026. GuruFocus rates MRLN with a GF Score™ of 6/100. Among 347 Aerospace & Defense companies, Merlin ranks worse than 99.14% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Merlin's Free Cash Flow for the three months ended in Mar. 2026 was $-25.80 Mil. Merlin's Revenue for the three months ended in Mar. 2026 was $1.00 Mil. Therefore, Merlin's FCF Margin % for the quarter that ended in Mar. 2026 was -2,575.15%.

As of today, Merlin's current FCF Yield % is -4.76%.

The historical rank and industry rank for Merlin's FCF Margin % or its related term are showing as below:

MRLN' s FCF Margin % Range Over the Past 10 Years
Min: -3860.13   Med: -3751.6   Max: -2575.15
Current: -2575.15

During the past 2 years, the highest FCF Margin % of Merlin was -2575.15%. The lowest was -3860.13%. And the median was -3751.60%.

MRLN's FCF Margin % is ranked worse than
99.14% of 347 companies
in the Aerospace & Defense industry
Industry Median: 0.64 vs MRLN: -2575.15

Merlin FCF Margin % Related Terms

Merlin FCF Margin % Historical Data

* Premium members only.

The historical data trend for Merlin's FCF Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Merlin FCF Margin % Chart

Merlin Annual Data
Trend Dec23 Dec24
FCF Margin %
-3,643.07 -3,860.13

Merlin Quarterly Data
Dec23 Dec24 Mar25 Sep25 Mar26
FCF Margin % 0.00 -1,549.42 -1,517.86 0.00 -2,575.15

MRLN vs EH, SWBI, NPK: FCF Margin % Comparison

For the Aerospace & Defense subindustry, Merlin's FCF Margin %, along with its competitors' market caps and FCF Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Merlin FCF Margin % vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Merlin's FCF Margin % distribution charts can be found below:

* The bar in red indicates where Merlin's FCF Margin % falls into.


MRLN
6GF Score
Merlin Inc MRLN
FCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Merlin FCF Margin % Calculation

FCF margin is the ratio of Free Cash Flow divided by net sales or Revenue, usually presented in percent.

Merlin's FCF Margin for the fiscal year that ended in Dec. 2024 is calculated as

FCF Margin=Free Cash Flow (A: Dec. 2024 )/Revenue (A: Dec. 2024 )
=-47.441/1.229
=-3,860.13 %

Merlin's FCF Margin for the quarter that ended in Mar. 2026 is calculated as

FCF Margin=Free Cash Flow (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=-25.803/1.002
=-2,575.15 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about FCF Margin % →
What does a FCF Margin % of -2,575.15% mean?
Merlin (MRLN) has a FCF Margin % of -2,575.15% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Merlin and its competitors. According to the industry distribution chart, Merlin ranks #344 out of 347 companies in the Aerospace & Defense industry, placing it in the top 99.1%.
Is Merlin's FCF Margin % too high?
Merlin's current FCF Margin % is -2,575.15%. Based on the distribution chart, Merlin ranks #344 out of 347 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, Merlin has a GF Score™ of 6/100, reflecting its overall financial health beyond just this single metric.
How does Merlin's FCF Margin % compare to EH and SWBI?
According to the Aerospace & Defense industry distribution chart, Merlin ranks #344 out of 347 companies for FCF Margin %. This places Merlin in the lower half of its industry. The industry median FCF Margin % is 0.64. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for an Aerospace & Defense company?
The median FCF Margin % among Aerospace & Defense companies is 0.64, based on 347 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Merlin and its competitors. For the Aerospace & Defense industry, the median FCF Margin % is 0.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Merlin's current FCF Margin % is -2,575.15%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merlin stock overvalued right now?
Merlin (MRLN) has a current FCF Margin % of -2,575.15%. The current FCF Margin % is -2,575.15%. Merlin's overall GF Score™ is 6/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Merlin (MRLN), the current FCF Margin % is -2,575.15% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Merlin Business Description

Address 129 South Street, Boston, MA, USA, 02111
Merlin Inc is focused on developing autonomous flight software for legacy and next-generation airborne systems. Its aircraft-agnostic, AI-based software supports takeoff-to-landing autonomous operations for military and civil aviation programs. The company aims to build an AI-based operating software platform intended to support autonomous flight operations across a range of aircraft types.
6GF Score

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FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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