# Mercado Libre, Inc (MELI) — Stock CV

Mercado Libre, Inc is a $96.3B technology company. Revenue grew 46.0% over the last year, it keeps 5¢ of every dollar of sales as profit, and its net debt equals ~0.1 years of free cash flow. It trades at 51.4× earnings — in the cheapest third of its own history.

> MercadoLibre is the largest e-commerce marketplace in Latin America, with more than 120 million unique active buyers and 1 million active sellers at the end of 2025.

## Identity

- **Ticker**: MELI
- **Sector**: Technology
- **Industry**: Services-Business Services, Nec
- **Headquarters**: MONTEVIDEO, X3
- **Employees**: 123 670
- **Website**: https://www.mercadolibre.com
- **Market cap**: $96.3B
- **Last price**: $1 899.00
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $35.2B
- **Net income**: $1.86B
- **Free cash flow**: $12.4B
- **Net debt**: $987M
- **P/E**: 51.4
- **Revenue growth (YoY)**: 46.0%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 75 |
| Growth | 75 |
| Profitability | 75 |
| Health | 50 |
| Quality | 77 |
| Moat | 65 |

## Qualifications (beginner checklist) — 8 of 10 passed

- [x] Revenue growing — +46.0% YoY
- [x] Profitable — $1.86B TTM
- [x] Profit growing — +61.3% YoY
- [x] Generates cash — $12.4B TTM
- [x] Debt under control — ~0.1y of cash flow to repay
- [x] Established company — $96.3B market cap
- [x] Not printing shares — +1.9% shares over ~5y
- [x] Proven track record — 7/10 profitable years
- [ ] Financially stable — health score 30/100
- [ ] Valuation not extreme — P/E 51.4

## Experience (career milestones)

- **Q2 2026** — 3 open-market insider purchases: ~725 shares bought by insiders
- **FY2025** — Best year on record: $2.00B net income
- **FY2022** — Revenue crossed $10B: $10.5B for the year
- **FY2017** — Revenue crossed $1B: $1.40B for the year
- **FY2016** — First recorded profitable year: $136M net income
- **FY2016** — Positive free cash flow every year since: 10-year streak

## Strengths

- High gross margin (42.7%)
- Revenue growing 46.0% year over year
- Strong cash conversion — FCF is 35.3% of revenue
- Interest covered 8.9× by operating earnings
- High returns on invested capital (ROIC 25.8%)

## Watch-outs

- Loss-making in 3 of the recent years

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $7.07B | $83.3M | $392M |
| FY2022 | $10.5B | $482M | $2.49B |
| FY2023 | $14.5B | $987M | $4.63B |
| FY2024 | $20.8B | $1.91B | $7.06B |
| FY2025 | $28.9B | $2.00B | $10.8B |

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Source: https://stockcv.com/MELI — derived from company filings; may be delayed or incomplete. Information, not investment advice.