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Marqeta vs CPI Card Group

Marqeta and CPI Card Group are similar in size: $625m and $544m of revenue in their latest fiscal years. Marqeta grew faster (23.3% against 13.1%). CPI Card Group kept more of each dollar of sales as profit: a net margin of 2.8% against -2.2%.

Latest fiscal yearMarqetaMQ, 2025CPI Card GroupPMTS, 2025
Revenue $625m $544m
Revenue growth 23.3% 13.1%
Net income −$13.9m $14.9m
Operating margin -7.4% —
Net margin -2.2% 2.8%
Return on equity -1.5% —
Free cash flow $161m $41.3m
Cash $709m $21.7m
Total debt $0 $287m
Debt to equity 0.0% —
Dividend per share — —
Dividend yield — —
Share buybacks $391m —
Employees — —
Market value $1.90bn $286m
Price vs our value range — Below our value range
Moat score 38 (Weak) 54 (Moderate)
Insider trades, 12 months 1 buys, 35 sales 9 buys, 3 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.