Meta Platforms
META Nasdaq· Interactive Media & Services
Last close · Oct 27, 2026
$620.19
KIRA · Stoqly’s AI analyst, in plain words
- Meta Platforms had $201.0B of revenue in fiscal 2025, up 22.2% on the year before. Over five years, revenue changed +18.5% a year on average.
- Its operating margin was 41.4%, down 0.7 pts: of every 100 in sales, about 41 is left after running the business.
- Meta Platforms made $60.5B of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 23.6% a year.
- Free cash flow was $46.1B in fiscal 2025, 22.9% of revenue.
- Meta Platforms returned $31.6B to shareholders in fiscal 2025, 68% of free cash flow. The diluted share count fell 1.5%.
- Meta Platforms has $21.7B more cash than debt.
Market cap
$1.60T
P/E
21.2x
Revenue
$201.0B
Net income
$60.5B
Free cash flow
$46.1B
Operating margin
41.4%
Meta Platforms in 30 seconds · fiscal 2025
Are sales growing?
+22.2%
Yes. Sales grew 22.2% last year.
Does it make a profit?
30.1%
Yes. It keeps 30.1% of every sale as profit.
Does profit turn into cash?
22.9%
Yes. 22.9% of sales ends up as free cash.
Is debt under control?
Net cash
Yes. It has more cash than debt.
How healthy are the accounts?
6 / 9
Mixed. It passes 6 of 9 health tests.
How is the share priced?
21.2x
One share costs 21.2 times its yearly profit per share. Typical for its sector: 17.1x.
What Meta Platforms does
Meta owns Facebook, Instagram, WhatsApp, Messenger and Threads, apps where people post photos, videos and updates, follow others and send messages. It also offers Meta AI, an assistant built into its apps and available on its own. Meta says an average of 3.58 billion people used at least one of its apps each day in December 2025. It also sells hardware: Meta Quest virtual reality headsets and AI glasses made with Ray-Ban and Oakley. Meta reports two segments. Family of Apps brings in substantially all of its revenue, by selling ads that businesses place across its apps and on other apps and websites. Most advertisers buy and manage these ads themselves through its online tools. Reality Labs sells headsets, glasses, software and content, and works on virtual and augmented reality and other long-term technology. It loses money: Meta says the segment cut its 2025 operating profit by about $19.19 billion.
Biggest risks, in its own words
- Losing users, or users spending less time on its apps, which would weaken its ad business.
- It earns nearly all its revenue from ads, so marketers cutting back their spending could seriously hurt it.
- Its reliance on mobile operating systems and technologies it does not control, such as those made by Apple and Google.
- Its heavy spending on AI and Reality Labs may not pay off and reduces its profit margins.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Jan 29, 2026
- Legal name
- Meta Platforms, Inc.
- CIK
- 0001326801
Meta Platforms · META
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $117.9B | $116.6B | $134.9B | $164.5B | $201.0B |
| Revenue growth | 37.2% | −1.1% | 15.7% | 21.9% | 22.2% |
| Gross margin | 80.8% | 78.4% | 80.8% | 81.7% | 82.0% |
| Operating margin | 39.7% | 24.8% | 34.7% | 42.2% | 41.4% |
| Net income | $39.4B | $23.2B | $39.1B | $62.4B | $60.5B |
| Net margin | 33.4% | 19.9% | 29.0% | 37.9% | 30.1% |
| Diluted EPS | $13.77 | $8.59 | $14.87 | $23.86 | $23.49 |
| Cash | |||||
| Cash from operations | $57.7B | $50.5B | $71.1B | $91.3B | $115.8B |
| Capital expenditure | $18.7B | $31.2B | $27.0B | $37.3B | $69.7B |
| Free cash flow | $39.0B | $19.3B | $44.1B | $54.1B | $46.1B |
| FCF margin | 33.1% | 16.5% | 32.7% | 32.9% | 22.9% |
| Dividends paid | $0.0M | $0.0M | $0.0M | $5.1B | $5.3B |
| Share buybacks | $44.5B | $28.0B | $19.8B | $30.1B | $26.2B |
| Share count change | −1.0% | −5.5% | −2.7% | −0.6% | −1.5% |
| Debt and strength | |||||
| Cash and short-term investments | $48.0B | $40.7B | $65.4B | $77.8B | $81.6B |
| Debt incl. finance leases | $581M | $10.6B | $19.1B | $29.5B | $59.9B |
| Shareholders' equity | $124.9B | $125.7B | $153.2B | $182.6B | $217.2B |
| Net debt / EBITDA | −0.9x | −0.8x | −0.8x | −0.6x | −0.2x |
| Current ratio | 3.2x | 2.2x | 2.7x | 3.0x | 2.6x |
| Interest coverage | 2,032.7x | 156.5x | 104.8x | 97.0x | 71.5x |
| Returns and quality | |||||
| Return on capital | — | 26.9% | 38.1% | 50.8% | 35.5% |
| Return on equity | 31.1% | 18.5% | 28.0% | 37.1% | 30.2% |
| Piotroski F-score | — | 4 | 8 | 7 | 6 |
| Altman Z'' | 8.3 | 5.5 | 6.2 | 6.5 | 5.3 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$258M
11 insiders
Of sales under plans
95%
$245M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Meta Platforms · META
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Meta Platforms META | $1.60T | 22.2% | 41.4% | 22.9% | 35.5% | 21.2x | 6 |
| Alphabet GOOGL | $3.95T | 15.1% | 32.0% | 18.2% | 36.7% | 16.1x | 8 |
| Microsoft MSFT | $3.96T | 17.8% | 46.8% | 20.2% | 30.9% | — | 6 |
| Amazon AMZN | $2.76T | 12.4% | 11.2% | 1.1% | 20.6% | 20.4x | 6 |
| Netflix NFLX | $262.3B | 15.9% | 29.5% | 20.9% | 36.7% | 18.1x | 7 |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $620.19 a share, the company is worth $1.60T: 21.2 times its earnings of the last four quarters.
Meta Platforms grew sales faster than 4 of its 4 similar companies. Its P/E is higher than 3 of 3.
Source: SEC EDGAR XBRL filings (CIK 0001326801). Data updated October 22, 2026. For information only — not investment advice. Check the original filings before relying on any figure.