Matador Resources Co. (MTDR) intrinsic value & 10-year financials
Matador Resources Co. (MTDR) has a Graham intrinsic value of $202.28 per share. At $57.52 on Oct 17, 2026, the stock trades 72% below that value. Over the last 10 fiscal years revenue grew 33.9% a year to $3.7B, with an average return on invested capital of 13.3%.
- Graham intrinsic value
- $202.28
- Share price (Oct 17, 2026)
- $57.52
- Price vs Graham value
- 72% below
- Market cap
- $7.2B
- Revenue (FY2025)
- $3.7B
- Revenue growth (10-yr CAGR)
- 33.9%
- ROIC (10-yr avg)
- 13.3%
- Free cash flow (FY2025)
- $269.6M
MTDR 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $3.7B | $759.2M | $6.09 | $269.6M | 33.5% | 11.4% |
| FY2024 | $3.5B | $885.3M | $7.14 | -$1.7B | 41.2% | 14.8% |
| FY2023 | $2.8B | $846.1M | $7.05 | -$1.4B | 42.9% | 20.1% |
| FY2022 | $3.2B | $1.2B | $10.11 | $915.5M | 55.0% | 46.8% |
| FY2021 | $1.9B | $585.0M | $4.91 | $215.4M | 42.6% | 45.0% |
| FY2020 | $851.1M | -$593.2M | -$5.11 | -$244.3M | -61.3% | -31.4% |
| FY2019 | $1.0B | $87.8M | $0.75 | -$394.0M | 22.9% | 9.1% |
| FY2018 | $829.7M | $274.2M | $2.41 | -$896.1M | 43.8% | 25.5% |
| FY2017 | $544.3M | $138.0M | $1.23 | -$573.8M | 29.6% | 17.4% |
| FY2016 | $264.4M | -$97.1M | -$1.07 | -$320.3M | -67.0% | -25.4% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Matador Resources Co is a consistent compounder, expanding top-line revenue at 33.9% annually over the past decade.
Matador Resources Co returns on capital have been average, hovering around 13.3% ROIC over the decade.
Matador Resources Co has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Matador Resources Co is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $202.28 per share.