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Meta Platforms

META Nasdaq Interactive Media & Services Financials FY2016–FY2025

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.

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Last close Β· Oct 26, 2026

$630.56

1.9%
Value it Compare

What Meta Platforms does

META Β· Interactive Media & Services

From its latest annual report

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. Meta says it competes with other online services for users' attention and with other ad sellers for marketers' budgets, as well as with other companies building advanced AI models.

Meta had 78,865 employees at the end of 2025, with offices in more than 90 cities. It builds its own data centers and is spending heavily on computing power to develop AI. Its founder and CEO controls a majority of the shareholder votes.

Filing details

Legal name
Meta Platforms, Inc.
Fiscal year ends
December 31, 2025
Latest annual report
10-K Β· Jan 29, 2026
Accession Β· CIK
0001628280-26-003942 Β· 0001326801
Biggest risks, in its own words

Earnings calendar Β· Meta Platforms

Every quarter, companies publish how much they sold and earned. These are the days Meta Platforms did it, and the next one. Share prices often move a lot on those days.

Next results

January 27, 2027

Wednesday Β· in 92 days

Time
After the market closes
Covers
Period ended Dec 31, 2026
Source
Stoqly estimate

Estimated from the same quarter last year. It will be replaced by the announced date once there is one.

See who else reports that week β†’
Date Results for Time Source
Oct 19, 2026 Q3 '26 Time not announced 8-K β†—
Jul 29, 2026 Q2 '26 After the market closes 8-K β†—
Apr 29, 2026 Q1 '26 After the market closes 8-K β†—
Jan 28, 2026 Q4 '25 After the market closes 8-K β†—
Oct 29, 2025 Q3 '25 After the market closes 8-K β†—
Jul 30, 2025 Q2 '25 After the market closes 8-K β†—
Apr 30, 2025 Q1 '25 After the market closes 8-K β†—
Jan 29, 2025 Q4 '24 After the market closes 8-K β†—

From SEC filings: the results press release (8-K) or, without one, the quarterly or annual report.

KIRA’s summary AI analyst

Hi! I read Meta Platforms’s latest annual report (fiscal 2025). Here is what stands out:

5 strengths 1 to watch

1.Sales and profit

See section β†’
  • 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 0.7Β 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.

2.Cash and shareholders

See section β†’
  • 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%.
  • In the last 12 months, insiders sold $258M of shares on the open market and bought none.

3.Financial health

See section β†’
  • Meta Platforms has $21.7B more cash than debt.
  • Its return on capital was 35.5%: every 100 invested in the business earned about 36 in a year.
  • Meta Platforms passes 6 of 9 financial health tests (Piotroski F-score).

4.Price and value

See section β†’
  • At $630.56 a share, the company is worth $1.62T: 21.5 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.

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.
  • Government investigations, settlements and new rules on privacy, content and competition that could force changes to its products.

Meta Platforms in 30 seconds

Good So-so Weak

Good

Are sales growing?

+22.2%

Yes. Sales grew 22.2% last year.

Good

Does it make a profit?

30.1%

Yes. It keeps 30.1% of every sale as profit.

Good

Does profit turn into cash?

22.9%

Yes. 22.9% of sales ends up as free cash.

Good

Is debt under control?

Net cash

Yes. It has more cash than debt.

So-so

How healthy are the accounts?

6 / 9

Mixed. It passes 6 of 9 health tests.

For information

How is the share priced?

21.5x

One share costs 21.5 times its yearly profit per share. Typical for its sector: 17.1x.

Rules of thumb on reported numbers. A starting point, not a recommendation.

Key numbers, fiscal 2025

Market cap Last close times the latest diluted share count, so it is approximate.
$1.62T
Oct 26 close
P/E Last close divided by diluted earnings per share over the last four quarters.
21.5x
On $29.32 EPS (TTM)

Revenue

Total sales reported in the income statement.

KIRA Β· 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.

See the full section β†’

Operating margin

Operating income as a share of revenue.

KIRA Β· Its operating margin was 41.4%, down 0.7Β pts: of every 100 in sales, about 41 is left after running the business.

See the full section β†’

Net income

Profit after all expenses, interest and tax.

KIRA Β· Meta Platforms made $60.5B of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 23.6% a year.

See the full section β†’

Free cash flow

Cash from operations minus capital spending.

KIRA Β· Free cash flow was $46.1B in fiscal 2025, 22.9% of revenue.

See the full section β†’

Return on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

KIRA Β· Its return on capital was 35.5%: every 100 invested in the business earned about 36 in a year.

See the full section β†’
Charts by

Sales and profit

Is it selling more, and how much does it keep?

Revenue and margins

KIRA Β· 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 0.7Β pts: of every 100 in sales, about 41 is left after running the business.

In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).

Revenue

Revenue

Margins, % of revenue

Gross Operating Net FCF

Margins, % of revenue

Gross Operating Net FCF

Net income and earnings per share

KIRA Β· Meta Platforms made $60.5B of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 23.6% a year.

Loss periods are shown in red.

In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.

Net income

Net income

Diluted EPS

Diluted EPS

Cash and shareholders

How much cash comes in, and where does it go?

Cash flow

KIRA Β· Free cash flow was $46.1B in fiscal 2025, 22.9% of revenue.

Cash from operations minus capital spending.

In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.

Free cash flow

Free cash flow

Cash from operations vs capital spending

Cash from operations Capital spending

Cash from operations vs capital spending

Cash from operations Capital spending

Dividends, buybacks and share count

KIRA Β· Meta Platforms returned $31.6B to shareholders in fiscal 2025, 68% of free cash flow. The diluted share count fell 1.5%.

In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).

Dividends and buybacks

Dividends Buybacks

Dividends and buybacks

Dividends Buybacks

Diluted shares outstanding (annual)

Insider trades

KIRA Β· In the last 12 months, insiders sold $258M of shares on the open market and bought none.

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. β€œPlan” marks trades under a pre-arranged Rule 10b5-1 plan.

In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$258M

11 insiders

Of sales under plans

95%

$245M

DateInsiderTradeSharesPriceValueFiling
Oct 19, 2026 Javier OlivanChief Operating Officer Sold plan 1,493 $707.20 $1.1M Form 4
Oct 12, 2026 Javier OlivanChief Operating Officer Sold plan 1,493 $728.10 $1.1M Form 4
Oct 5, 2026 Javier OlivanChief Operating Officer Sold plan 1,493 $728.08 $1.1M Form 4
Sep 28, 2026 Javier OlivanChief Operating Officer Sold plan 1,493 $749.87 $1.1M Form 4
Sep 24, 2026 Mark ZuckerbergCOB and CEO, Director, 10% owner Sold plan 27,474 $777.44 $21.4M Form 4
Sep 21, 2026 Christopher K CoxChief Product Officer Sold plan 40,000 $712.76 $28.5M Form 4
Sep 21, 2026 Javier OlivanChief Operating Officer Sold plan 1,493 $680.27 $1.0M Form 4
Sep 15, 2026 Christopher K CoxChief Product Officer Sold plan 20,000 $675.23 $13.5M Form 4
Sep 14, 2026 Javier OlivanChief Operating Officer Sold plan 1,493 $657.73 $1.0M Form 4
Sep 9, 2026 Christopher K CoxChief Product Officer Sold plan 20,000 $650.28 $13.0M Form 4
Sep 8, 2026 Javier OlivanChief Operating Officer Sold plan 5,026 $616.61 $3.1M Form 4
Sep 3, 2026 Aaron AndersonChief Accounting Officer Sold plan 3,240 $618.06 $2.0M Form 4
Aug 18, 2026 Susan J LiChief Financial Officer Sold plan 9,196 $550.61 $5.1M Form 4
Aug 18, 2026 Curtis J. MahoneyChief Legal Officer Sold plan 1,559 $558.00 $0.9M Form 4
Aug 18, 2026 Andrew BosworthChief Technology Officer Sold plan 7,848 $558.00 $4.4M Form 4
Aug 15, 2026 Susan J LiChief Financial Officer Sold 2,127 $689.85 $1.5M Form 4
Aug 10, 2026 Javier OlivanChief Operating Officer Sold plan 1,528 $600.77 $0.9M Form 4
Aug 4, 2026 Marc L AndreessenDirector Sold 426 $588.98 $0.3M Form 4
Aug 3, 2026 Robert M KimmittDirector Sold plan 500 $561.56 $0.3M Form 4
Jul 31, 2026 Peggy AlfordDirector Sold plan 464 $543.56 $0.3M Form 4
Jul 27, 2026 Javier OlivanChief Operating Officer Sold plan 1,384 $607.85 $0.8M Form 4
Jul 20, 2026 Javier OlivanChief Operating Officer Sold plan 1,384 $645.85 $0.9M Form 4
Jul 13, 2026 Javier OlivanChief Operating Officer Sold plan 2,081 $661.02 $1.4M Form 4
Jul 6, 2026 Javier OlivanChief Operating Officer Sold plan 4,989 $600.89 $3.0M Form 4
Jul 1, 2026 Robert M KimmittDirector Sold plan 500 $607.75 $0.3M Form 4
Jun 15, 2026 Javier OlivanChief Operating Officer Sold plan 1,234 $600.00 $0.7M Form 4
Jun 1, 2026 Robert M KimmittDirector Sold plan 504 $629.29 $0.3M Form 4
Jun 1, 2026 Javier OlivanChief Operating Officer Sold plan 1,384 $629.29 $0.9M Form 4
May 27, 2026 Curtis J. MahoneyChief Legal Officer Sold plan 2,079 $609.92 $1.3M Form 4
May 26, 2026 Javier OlivanChief Operating Officer Sold plan 1,384 $608.98 $0.8M Form 4
May 18, 2026 Andrew BosworthChief Technology Officer Sold plan 7,847 $607.83 $4.8M Form 4
May 18, 2026 Javier OlivanChief Operating Officer Sold plan 1,384 $609.35 $0.8M Form 4
May 18, 2026 Susan J LiChief Financial Officer Sold plan 9,195 $607.84 $5.6M Form 4
May 15, 2026 Susan J LiChief Financial Officer Sold plan 2,127 $618.43 $1.3M Form 4
May 11, 2026 Javier OlivanChief Operating Officer Sold plan 1,473 $604.57 $0.9M Form 4
May 4, 2026 Javier OlivanChief Operating Officer Sold plan 1,473 $607.74 $0.9M Form 4
May 1, 2026 Peggy AlfordDirector Sold plan 409 $614.53 $0.3M Form 4
Apr 27, 2026 Javier OlivanChief Operating Officer Sold plan 1,473 $670.84 $1.0M Form 4
Apr 20, 2026 Javier OlivanChief Operating Officer Sold plan 1,473 $680.09 $1.0M Form 4
Apr 15, 2026 Robert M KimmittDirector Sold plan 580 $667.00 $0.4M Form 4
Apr 13, 2026 Javier OlivanChief Operating Officer Sold plan 4,419 $629.49 $2.8M Form 4
Mar 23, 2026 Javier OlivanChief Operating Officer Sold plan 1,473 $605.38 $0.9M Form 4
Mar 16, 2026 Robert M KimmittDirector Sold plan 580 $632.02 $0.4M Form 4
Mar 16, 2026 Javier OlivanChief Operating Officer Sold plan 1,473 $632.02 $0.9M Form 4
Mar 9, 2026 Javier OlivanChief Operating Officer Sold plan 1,473 $634.94 $0.9M Form 4
Mar 2, 2026 Javier OlivanChief Operating Officer Sold plan 1,473 $637.21 $0.9M Form 4
Feb 27, 2026 Susan J LiChief Financial Officer Sold plan 56,571 $644.70 $36.5M Form 4
Feb 25, 2026 Peggy AlfordDirector Sold plan 392 $643.00 $0.3M Form 4
Feb 24, 2026 Susan J LiChief Financial Officer Sold plan 55,702 $633.61 $35.3M Form 4
Feb 23, 2026 Javier OlivanChief Operating Officer Sold plan 1,473 $652.68 $1.0M Form 4
Feb 20, 2026 Susan J LiChief Financial Officer Sold plan 18,789 $650.00 $12.2M Form 4
Feb 18, 2026 Andrew BosworthChief Technology Officer Sold plan 8,089 $631.23 $5.1M Form 4
Feb 17, 2026 Robert M KimmittDirector Sold plan 580 $639.18 $0.4M Form 4
Feb 17, 2026 Javier OlivanChief Operating Officer Sold plan 719 $639.18 $0.5M Form 4
Feb 15, 2026 Javier OlivanChief Operating Officer Sold plan 2,461 $639.77 $1.6M Form 4
Feb 15, 2026 Susan J LiChief Financial Officer Sold 6,418 $639.77 $4.1M Form 4
Feb 9, 2026 Javier OlivanChief Operating Officer Sold plan 517 $663.19 $0.3M Form 4
Feb 2, 2026 Javier OlivanChief Operating Officer Sold plan 517 $714.60 $0.4M Form 4
Jan 26, 2026 Javier OlivanChief Operating Officer Sold plan 517 $665.00 $0.3M Form 4
Jan 20, 2026 Javier OlivanChief Operating Officer Sold plan 517 $608.35 $0.3M Form 4
Jan 15, 2026 Robert M KimmittDirector Sold plan 580 $618.28 $0.4M Form 4
Jan 12, 2026 Javier OlivanChief Operating Officer Sold plan 517 $653.00 $0.3M Form 4
Jan 5, 2026 Javier OlivanChief Operating Officer Sold plan 517 $650.41 $0.3M Form 4
Dec 30, 2025 Jennifer NewsteadChief Legal Officer Sold plan 519 $658.69 $0.3M Form 4
Dec 29, 2025 Javier OlivanChief Operating Officer Sold plan 517 $658.14 $0.3M Form 4
Dec 23, 2025 Jennifer NewsteadChief Legal Officer Sold plan 519 $659.38 $0.3M Form 4
Dec 22, 2025 Javier OlivanChief Operating Officer Sold plan 517 $661.11 $0.3M Form 4
Dec 16, 2025 Jennifer NewsteadChief Legal Officer Sold plan 519 $643.23 $0.3M Form 4
Dec 15, 2025 Robert M KimmittDirector Sold plan 580 $646.00 $0.4M Form 4
Dec 15, 2025 Javier OlivanChief Operating Officer Sold plan 517 $646.00 $0.3M Form 4
Dec 9, 2025 Jennifer NewsteadChief Legal Officer Sold plan 519 $664.16 $0.3M Form 4
Dec 8, 2025 Javier OlivanChief Operating Officer Sold plan 517 $669.63 $0.3M Form 4
Dec 2, 2025 Jennifer NewsteadChief Legal Officer Sold plan 519 $642.22 $0.3M Form 4
Dec 1, 2025 Javier OlivanChief Operating Officer Sold plan 517 $639.03 $0.3M Form 4
Nov 25, 2025 Jennifer NewsteadChief Legal Officer Sold plan 519 $624.14 $0.3M Form 4
Nov 24, 2025 Javier OlivanChief Operating Officer Sold plan 517 $598.54 $0.3M Form 4
Nov 18, 2025 Aaron AndersonChief Accounting Officer Sold plan 726 $591.60 $0.4M Form 4
Nov 18, 2025 Jennifer NewsteadChief Legal Officer Sold plan 519 $591.60 $0.3M Form 4
Nov 18, 2025 Andrew BosworthChief Technology Officer Sold plan 11,690 $593.31 $6.9M Form 4
Nov 17, 2025 Robert M KimmittDirector Sold plan 600 $609.35 $0.4M Form 4
Nov 17, 2025 Javier OlivanChief Operating Officer Sold plan 517 $604.23 $0.3M Form 4
Nov 15, 2025 Andrew BosworthChief Technology Officer Sold 5,063 $609.46 $3.1M Form 4
Nov 15, 2025 Javier OlivanChief Operating Officer Sold plan 2,610 $609.46 $1.6M Form 4
Nov 15, 2025 Susan J LiChief Financial Officer Sold 6,875 $609.46 $4.2M Form 4
Nov 10, 2025 Jennifer NewsteadChief Legal Officer Sold plan 516 $631.00 $0.3M Form 4
Nov 10, 2025 Javier OlivanChief Operating Officer Sold plan 517 $631.00 $0.3M Form 4
Nov 4, 2025 Jennifer NewsteadChief Legal Officer Sold plan 519 $628.00 $0.3M Form 4
Nov 3, 2025 Javier OlivanChief Operating Officer Sold plan 517 $656.00 $0.3M Form 4
Oct 31, 2025 Peggy AlfordDirector Sold plan 601 $674.40 $0.4M Form 4
Oct 28, 2025 Jennifer NewsteadChief Legal Officer Sold plan 519 $753.00 $0.4M Form 4
Oct 27, 2025 Javier OlivanChief Operating Officer Sold plan 517 $749.57 $0.4M Form 4
Oct 21, 2025 Jennifer NewsteadChief Legal Officer Sold plan 519 $736.37 $0.4M Form 4
Oct 20, 2025 Javier OlivanChief Operating Officer Sold plan 517 $721.30 $0.4M Form 4
Oct 15, 2025 Robert M KimmittDirector Sold plan 465 $716.97 $0.3M Form 4
Oct 14, 2025 Jennifer NewsteadChief Legal Officer Sold plan 519 $707.85 $0.4M Form 4
Oct 13, 2025 Javier OlivanChief Operating Officer Sold plan 517 $713.34 $0.4M Form 4
Oct 7, 2025 Jennifer NewsteadChief Legal Officer Sold plan 519 $716.98 $0.4M Form 4
Oct 6, 2025 Javier OlivanChief Operating Officer Sold plan 517 $704.81 $0.4M Form 4
Sep 30, 2025 Jennifer NewsteadChief Legal Officer Sold plan 519 $741.50 $0.4M Form 4
Sep 29, 2025 Javier OlivanChief Operating Officer Sold plan 517 $748.72 $0.4M Form 4

Financial health

Can it carry its debts, and how well does it use its money?

Balance sheet

KIRA Β· Meta Platforms has $21.7B more cash than debt.

Cash, debt and the ratios that show how comfortably Meta Platforms can carry it.

In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.

Cash vs debt (incl. leases)

Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
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
Net debt / EBITDA βˆ’0.9xβˆ’0.8xβˆ’0.8xβˆ’0.6xβˆ’0.2x
Debt / equity 0.0x0.1x0.1x0.2x0.3x
Interest coverage 2,032.7x156.5x104.8x97.0x71.5x
Current ratio 3.2x2.2x2.7x3.0x2.6x
Quick ratio 3.2x2.2x2.7x3.0x2.6x
Total assets $166.0B$185.7B$229.6B$276.1B$366.0B
Total liabilities $41.1B$60.0B$76.5B$93.4B$148.8B
Shareholders' equity $124.9B$125.7B$153.2B$182.6B$217.2B
Net debt (βˆ’ = net cash) βˆ’$47.4Bβˆ’$30.1Bβˆ’$46.3Bβˆ’$48.3Bβˆ’$21.7B

Returns on capital

KIRA Β· Its return on capital was 35.5%: every 100 invested in the business earned about 36 in a year.

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.

Return on capital, equity and assets (annual)

Return on capital Return on equity Return on assets

Piotroski F-score

KIRA Β· Meta Platforms passes 6 of 9 financial health tests (Piotroski F-score).

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.

TestFY23FY24FY25
Net income is positive βœ“ βœ“ βœ“
Cash from operations is positive βœ“ βœ“ βœ“
Return on assets rose βœ“ βœ“ βœ•
Cash from operations exceeds net income βœ“ βœ“ βœ“
Debt fell relative to assets βœ• βœ• βœ•
Current ratio rose βœ“ βœ“ βœ•
Share count didn't rise βœ“ βœ“ βœ“
Gross margin rose βœ“ βœ“ βœ“
Revenue rose relative to assets βœ“ βœ• βœ“
F-score 8 / 97 / 96 / 9
Accruals ratio βˆ’15.4%βˆ’11.5%βˆ’17.2%
Altman Z'' 6.166.535.34

Price and value

What does the share cost, and how does it compare?

Value Meta Platforms yourself

KIRA Β· At $630.56 a share, the company is worth $1.62T: 21.5 times its earnings of the last four quarters.

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets β€” the answer depends entirely on what you put in.

In plain words: Move the sliders to try your own guesses about growth. The result is what one share would be worth if those guesses came true. Different guesses give very different answers.

Discounted cash flow

Value per share

β€”

Adds net cash of $21.7B and divides by 2,574.0M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

β€”

Reference multiples: today 21.9x Β· peers 19.5x Β· sector 17.1x.

Similar companies

KIRA Β· Meta Platforms grew sales faster than 4 of its 4 similar companies. Its P/E is higher than 3 of 3.

Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.

In plain words: The same numbers for similar companies, so you can tell whether a figure is high or low for this kind of business.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Meta Platforms META $1.62T 22.2% 41.4% 22.9% 35.5% 21.5x 6
Alphabet GOOGL $3.90T 15.1% 32.0% 18.2% 36.7% 15.9x 8 Compare β†’
Microsoft MSFT $3.97T 17.8% 46.8% 20.2% 30.9% β€” 6 Compare β†’
Amazon AMZN $2.72T 12.4% 11.2% 1.1% 20.6% 20.0x 6 Compare β†’
Netflix NFLX $268.1B 15.9% 29.5% 20.9% 36.7% 18.5x 7 Compare β†’

Stories about Meta Platforms

All figures

Every number, year by year.

10 years of figures

Amounts in USD. Hover a ratio’s name for its definition.

In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $27.6B $40.7B $55.8B $70.7B $86.0B $117.9B $116.6B $134.9B $164.5B $201.0B
Gross profit $23.8B $35.2B $46.5B $57.9B $69.3B $95.3B $91.4B $108.9B $134.3B $164.8B
Research and development $5.9B $7.8B $10.3B $13.6B $18.4B $24.7B $35.3B $38.5B $43.9B $57.4B
Operating income $12.4B $20.2B $24.9B $24.0B $32.7B $46.8B $28.9B $46.8B $69.4B $83.3B
Interest expense $10.0M $6.0M $9.0M $20.0M β€” $23.0M $185M $446M $715M $1.2B
Pretax income $12.5B $20.6B $25.4B $24.8B $33.2B $47.3B $28.8B $47.4B $70.7B $85.9B
Income tax $2.3B $4.7B $3.2B $6.3B $4.0B $7.9B $5.6B $8.3B $8.3B $25.5B
Net income $10.2B $15.9B $22.1B $18.5B $29.1B $39.4B $23.2B $39.1B $62.4B $60.5B
Diluted EPS $3.49 $5.39 $7.57 $6.43 $10.09 $13.77 $8.59 $14.87 $23.86 $23.49
Diluted shares 2.93B 2.96B 2.92B 2.88B 2.89B 2.86B 2.70B 2.63B 2.61B 2.57B
Cash flow
Cash from operations $16.1B $24.2B $29.3B $36.3B $38.7B $57.7B $50.5B $71.1B $91.3B $115.8B
Capital expenditure $4.5B $6.7B $13.9B $15.1B $15.2B $18.7B $31.2B $27.0B $37.3B $69.7B
Free cash flow $11.6B $17.5B $15.4B $21.2B $23.6B $39.0B $19.3B $44.1B $54.1B $46.1B
Depreciation and amortization $2.3B $3.0B $4.3B $5.7B $6.9B $8.0B $8.7B $11.2B $15.5B $18.6B
Stock-based compensation $3.2B $3.7B $4.2B $4.8B $6.5B $9.2B $12.0B $14.0B $16.7B $20.4B
Acquisitions $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Share buybacks $0.0M $2.0B $12.9B $4.2B $6.3B $44.5B $28.0B $19.8B $30.1B $26.2B
Dividends paid $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $5.1B $5.3B
Dividends and buybacks $0.0M $2.0B $12.9B $4.2B $6.3B $44.5B $28.0B $19.8B $35.2B $31.6B
Balance sheet
Cash and short-term investments $29.4B $41.7B $41.1B $54.9B $62.0B $48.0B $40.7B $65.4B $77.8B $81.6B
Total debt β€” β€” β€” β€” β€” $0.0M $9.9B $18.4B $28.8B $58.7B
Finance lease liabilities $0.0M $0.0M $0.0M $473M $523M $581M $687M $690M $709M $1.2B
Current assets $34.4B $48.6B $50.5B $66.2B $75.7B $66.7B $59.5B $85.4B $100.0B $108.7B
Current liabilities $2.9B $3.8B $7.0B $15.1B $15.0B $21.1B $27.0B $32.0B $33.6B $41.8B
Inventory $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Property and equipment, net $8.6B $13.7B $24.7B $35.3B $45.6B $57.8B $79.5B $96.6B $121.3B $176.4B
Total assets $65.0B $84.5B $97.3B $133.4B $159.3B $166.0B $185.7B $229.6B $276.1B $366.0B
Total liabilities $5.8B $10.2B $13.2B $32.3B $31.0B $41.1B $60.0B $76.5B $93.4B $148.8B
Shareholders' equity $59.2B $74.3B $84.1B $101.1B $128.3B $124.9B $125.7B $153.2B $182.6B $217.2B
Margins
Gross margin 86.3% 86.6% 83.3% 81.9% 80.6% 80.8% 78.4% 80.8% 81.7% 82.0%
Operating margin 45.0% 49.7% 44.6% 33.9% 38.0% 39.7% 24.8% 34.7% 42.2% 41.4%
EBITDA margin 53.4% 57.1% 52.3% 42.1% 46.0% 46.4% 32.3% 42.9% 51.6% 50.7%
Net margin 37.0% 39.2% 39.6% 26.2% 33.9% 33.4% 19.9% 29.0% 37.9% 30.1%
FCF margin 42.0% 43.0% 27.5% 30.0% 27.4% 33.1% 16.5% 32.7% 32.9% 22.9%
Returns
Return on capital β€” β€” β€” β€” β€” β€” 26.9% 38.1% 50.8% 35.5%
Return on capital employed 22.7% 28.3% 29.1% 23.0% 24.9% 32.3% 19.1% 26.2% 31.5% 29.4%
Return on equity 19.8% 23.9% 27.9% 20.0% 25.4% 31.1% 18.5% 28.0% 37.1% 30.2%
Return on assets 17.9% 21.3% 24.3% 16.0% 19.9% 24.2% 13.2% 18.8% 24.7% 18.8%
Growth
Revenue growth 54.2% 47.1% 37.4% 26.6% 21.6% 37.2% βˆ’1.1% 15.7% 21.9% 22.2%
Net income growth 177.0% 56.0% 38.8% βˆ’16.4% 57.7% 35.1% βˆ’41.1% 68.5% 59.5% βˆ’3.1%
EPS growth 170.5% 54.4% 40.5% βˆ’15.1% 56.9% 36.5% βˆ’37.6% 73.1% 60.5% βˆ’1.6%
FCF growth 49.0% 50.5% βˆ’12.2% 38.1% 11.2% 65.3% βˆ’50.5% 128.5% 22.7% βˆ’14.7%
Share count change 2.5% 1.1% βˆ’1.2% βˆ’1.5% 0.4% βˆ’1.0% βˆ’5.5% βˆ’2.7% βˆ’0.6% βˆ’1.5%
Financial health
Net debt / EBITDA β€” β€” β€” β€” β€” βˆ’0.9x βˆ’0.8x βˆ’0.8x βˆ’0.6x βˆ’0.2x
Debt / equity β€” β€” β€” β€” β€” 0.0x 0.1x 0.1x 0.2x 0.3x
Interest coverage 1,242.7x 3,367.2x 2,768.1x 1,199.3x β€” 2,032.7x 156.5x 104.8x 97.0x 71.5x
Current ratio 12.0x 12.9x 7.2x 4.4x 5.1x 3.2x 2.2x 2.7x 3.0x 2.6x
Quick ratio 12.0x 12.9x 7.2x 4.4x 5.1x 3.2x 2.2x 2.7x 3.0x 2.6x
Capital allocation
Capex / revenue 16.3% 16.6% 24.9% 21.4% 17.6% 15.9% 26.7% 20.1% 22.7% 34.7%
Stock comp / revenue 11.6% 9.2% 7.4% 6.8% 7.6% 7.8% 10.3% 10.4% 10.2% 10.2%
Payouts / FCF 0.0% 11.3% 83.9% 19.8% 26.6% 114.2% 144.9% 44.9% 65.1% 68.5%
Quality scores
Piotroski F-score β€” β€” β€” β€” β€” β€” 4.0 8.0 7.0 6.0
Altman Z'' 16.3 14.1 12.7 8.4 9.8 8.3 5.5 6.2 6.5 5.3
Accruals ratio βˆ’10.3% βˆ’11.1% βˆ’7.9% βˆ’15.5% βˆ’6.6% βˆ’11.3% βˆ’15.5% βˆ’15.4% βˆ’11.5% βˆ’17.2%

Source: SEC EDGAR XBRL filings (CIK 0001326801). Data updated October 22, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β€” not investment advice. Check the original filings before relying on any figure.

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