Meta Platforms
META · Interactive Media & Services
$642.62
1.0%Microsoft
MSFT · Systems Software
$524.51
0.7%The short version
- Microsoft is the larger business, with $331.8B of revenue in fiscal 2026 against $201.0B for Meta Platforms, about 1.7 times as much.
- Meta Platforms grew revenue faster (22.2%, against 17.8%).
- Microsoft kept more of each dollar of sales as operating profit (46.8% operating margin, against 41.4% operating margin).
- Meta Platforms turned more of its sales into free cash flow (22.9% FCF margin, against 20.2% FCF margin).
- Meta Platforms earned a higher return on the capital invested in it (35.5%, against 30.9%).
- Investors pay more for each dollar of Microsoft’s earnings: a P/E of 29.2x against 21.9x for Meta Platforms.
| Latest fiscal year | META · FY25 | MSFT · FY26 |
|---|---|---|
| Size | ||
| Market cap | $1.65T | $3.91T |
| Revenue | $201.0B | $331.8B |
| Free cash flow | $46.1B | $67.0B |
| Net income | $60.5B | $133.7B |
| Growth | ||
| Revenue growth | 22.2% | 17.8% |
| 5-year growth | 18.5% | 14.6% |
| Share count change | −1.5% | −0.2% |
| Profitability | ||
| Gross margin | 82.0% | 67.9% |
| Operating margin | 41.4% | 46.8% |
| Net margin | 30.1% | 40.3% |
| FCF margin | 22.9% | 20.2% |
| Return on capital | 35.5% | 30.9% |
| Return on equity | 30.2% | 34.0% |
| Balance sheet | ||
| Net debt | −$21.7B | $30.0B |
| Net debt / EBITDA | −0.2x | 0.2x |
| Dividends and buybacks | $31.6B | $48.7B |
| Valuation & quality | ||
| P/E | 21.9x | 29.2x |
| Piotroski F-score | 6 | 6 |
FY17
META $40.7B
MSFT $96.6B
FY18
META $55.8B
MSFT $110.4B
FY19
META $70.7B
MSFT $125.8B
FY20
META $86.0B
MSFT $143.0B
FY21
META $117.9B
MSFT $168.1B
FY22
META $116.6B
MSFT $198.3B
FY23
META $134.9B
MSFT $211.9B
FY24
META $164.5B
MSFT $245.1B
FY25
META $201.0B
MSFT $281.7B
FY26
META —
MSFT $331.8B
META
MSFT
FY17
META 49.7%
MSFT 30.1%
FY18
META 44.6%
MSFT 31.8%
FY19
META 33.9%
MSFT 34.1%
FY20
META 38.0%
MSFT 37.0%
FY21
META 39.7%
MSFT 41.6%
FY22
META 24.8%
MSFT 42.1%
FY23
META 34.7%
MSFT 41.8%
FY24
META 42.2%
MSFT 44.6%
FY25
META 41.4%
MSFT 45.6%
FY26
META —
MSFT 46.8%
META
MSFT
FY17
META $17.5B
MSFT $31.4B
FY18
META $15.4B
MSFT $32.3B
FY19
META $21.2B
MSFT $38.3B
FY20
META $23.6B
MSFT $45.2B
FY21
META $39.0B
MSFT $56.1B
FY22
META $19.3B
MSFT $65.1B
FY23
META $44.1B
MSFT $59.5B
FY24
META $54.1B
MSFT $74.1B
FY25
META $46.1B
MSFT $71.6B
FY26
META —
MSFT $67.0B
META
MSFT
FY17
META —
MSFT 74.1%
FY18
META —
MSFT 48.1%
FY19
META —
MSFT 100.6%
FY20
META —
MSFT 86.8%
FY21
META —
MSFT 88.0%
FY22
META 26.9%
MSFT 69.4%
FY23
META 38.1%
MSFT 50.2%
FY24
META 50.8%
MSFT 41.5%
FY25
META 35.5%
MSFT 34.7%
FY26
META —
MSFT 30.9%
META
MSFT
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.