MGNI vs. PUBM

Last updated Apr 2, 2026

Compare and contrast key facts about Magnite, Inc. (MGNI) and PubMatic, Inc. (PUBM).

Performance

MGNI vs. PUBM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Magnite, Inc. (MGNI) and PubMatic, Inc. (PUBM). The values are adjusted to include any dividend payments, if applicable.

MGNI vs. PUBM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
MGNI Magnite, Inc.	-27.36%	1.95%	70.45%	-11.80%	-39.49%	-43.02%	65.46%
PUBM PubMatic, Inc.	-7.44%	-39.62%	-9.93%	27.32%	-62.38%	21.78%	-5.06%

Fundamentals

Market Cap MGNI : $1.81B PUBM : $404.88M
EPS MGNI : $0.95 PUBM : -$0.30
PS Ratio MGNI : 2.51 PUBM : 1.38
PB Ratio MGNI : 1.97 PUBM : 1.54
Total Revenue (TTM) MGNI : $713.95M PUBM : $282.93M
Gross Profit (TTM) MGNI : $447.33M PUBM : $179.84M
EBITDA (TTM) MGNI : $138.76M PUBM : $17.00M

Returns By Period

In the year-to-date period, MGNI achieves a -27.36% return, which is significantly lower than PUBM's -7.44% return.

MGNI

• 1D: -0.76%
• 1M: -13.05%
• YTD: -27.36%
• 6M: -42.18%
• 1Y: 3.42%
• 3Y*: 8.38%
• 5Y*: -22.73%
• 10Y*: -4.28%

PUBM

• 1D: 0.37%
• 1M: 0.37%
• YTD: -7.44%
• 6M: -0.61%
• 1Y: -11.63%
• 3Y*: -15.94%
• 5Y*: -32.36%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

MGNI vs. PUBM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MGNI

MGNI Risk / Return Rank: 42
MGNI Sharpe Ratio Rank: 43
MGNI Sortino Ratio Rank: 43
MGNI Omega Ratio Rank: 43
MGNI Calmar Ratio Rank: 42
MGNI Martin Ratio Rank: 41

PUBM

PUBM Risk / Return Rank: 35
PUBM Sharpe Ratio Rank: 33
PUBM Sortino Ratio Rank: 35
PUBM Omega Ratio Rank: 35
PUBM Calmar Ratio Rank: 34
PUBM Martin Ratio Rank: 36

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MGNI vs. PUBM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Magnite, Inc. (MGNI) and PubMatic, Inc. (PUBM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	MGNI	PUBM	Difference
Sharpe ratio Return per unit of total volatility	0.05	-0.16	+0.21
Sortino ratio Return per unit of downside risk	0.56	0.28	+0.28
Omega ratio Gain probability vs. loss probability	1.07	1.04	+0.04
Calmar ratio Return relative to maximum drawdown	0.06	-0.19	+0.25
Martin ratio Return relative to average drawdown	0.10	-0.31	+0.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MGNI vs. PUBM - Sharpe Ratio Comparison

The current MGNI Sharpe Ratio is 0.05, which is higher than the PUBM Sharpe Ratio of -0.16. The chart below compares the historical Sharpe Ratios of MGNI and PUBM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MGNI	PUBM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.05	-0.16	+0.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.30	-0.48	+0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.06	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.06	-0.29	+0.23

Correlation

The correlation between MGNI and PUBM is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

MGNI vs. PUBM - Dividend Comparison

Neither MGNI nor PUBM has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

MGNI vs. PUBM - Drawdown Comparison

The maximum MGNI drawdown since its inception was -93.30%, roughly equal to the maximum PUBM drawdown of -91.02%. Use the drawdown chart below to compare losses from any high point for MGNI and PUBM.

Drawdown Indicators

	MGNI	PUBM	Difference
Max Drawdown Largest peak-to-trough decline	-93.30%	-91.02%	-2.28%
Max Drawdown (1Y) Largest decline over 1 year	-57.77%	-54.06%	-3.71%
Max Drawdown (5Y) Largest decline over 5 years	-86.50%	-89.19%	+2.69%
Max Drawdown (10Y) Largest decline over 10 years	-92.62%	—	—
Current Drawdown Current decline from peak	-80.92%	-88.26%	+7.34%
Average Drawdown Average peak-to-trough decline	-64.64%	-70.19%	+5.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	31.84%	32.32%	-0.48%

Volatility

MGNI vs. PUBM - Volatility Comparison

Magnite, Inc. (MGNI) has a higher volatility of 11.15% compared to PubMatic, Inc. (PUBM) at 9.05%. This indicates that MGNI's price experiences larger fluctuations and is considered to be riskier than PUBM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MGNI	PUBM	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.15%	9.05%	+2.10%
Volatility (6M) Calculated over the trailing 6-month period	42.14%	51.10%	-8.96%
Volatility (1Y) Calculated over the trailing 1-year period	65.51%	72.28%	-6.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	76.12%	67.99%	+8.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	76.71%	73.16%	+3.55%

Financials

MGNI vs. PUBM - Profitability Comparison

The chart below illustrates the profitability comparison between Magnite, Inc. and PubMatic, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

MGNI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Magnite, Inc. reported a gross profit of 135.85M and revenue of 205.36M. Therefore, the gross margin over that period was 66.2%.

PUBM - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, PubMatic, Inc. reported a gross profit of 54.56M and revenue of 80.05M. Therefore, the gross margin over that period was 68.2%.

MGNI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Magnite, Inc. reported an operating income of 51.97M and revenue of 205.36M, resulting in an operating margin of 25.3%.

PUBM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, PubMatic, Inc. reported an operating income of 8.52M and revenue of 80.05M, resulting in an operating margin of 10.7%.

MGNI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Magnite, Inc. reported a net income of 123.05M and revenue of 205.36M, resulting in a net margin of 59.9%.

PUBM - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, PubMatic, Inc. reported a net income of 6.68M and revenue of 80.05M, resulting in a net margin of 8.4%.