Meta Platforms, Inc.
META· Nasdaq· Services-Computer Programming, Data Processing, Etc.
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- 22.9%
- ROIC, 5 yr avg
- 37.5%
- Revenue, 5 yr CAGR
- +18.5%
We record prices for the companies we cover; META is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 2.57B
- Revenue
- $201.0B
- Free cash flow
- $46.1B
- Owner earnings
- $25.7B
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- –
- Operating
- 41.4%
- Net
- 30.1%
- Free cash flow
- 22.9%
- Owner earnings
- 12.8%
- Stock pay
- 10.2%
Returns
- ROIC, FY2025
- 30.1%
- ROIC, 5 yr avg
- 37.5%
- ROE, FY2025
- 27.8%
- ROE, 5 yr avg
- 27.5%
Growth (CAGR)
- Revenue, 3 yr
- 19.9%
- Revenue, 5 yr
- 18.5%
- Revenue, 9 yr
- 24.7%
- Diluted EPS, 3 yr
- 39.8%
- Diluted EPS, 5 yr
- 18.4%
- Diluted EPS, 9 yr
- 23.6%
- Free cash flow, 3 yr
- 33.7%
- Free cash flow, 5 yr
- 14.3%
- Free cash flow, 9 yr
- 16.6%
Financial health · FY2025
- Cash and investments
- $81.6B
- Total debt
- $58.7B
- Net cash
- $22.8B
- Debt/Equity
- 0.3x
- Debt/FCF
- 1.3x
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- 8.8%
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- -2.3%
Financials: ten years from the 10-Ks
Revenue
$201.0B
+24.7% a year over 9 years
FY2016FY2025
Margins
Operating41.4%Net30.1%
FY2025
FY2016FY2025
Free cash flow and owner earnings
Free cash flow$46.1BOwner earnings$25.7B
Free cash flow +16.6% a year
FY2016FY2025
Diluted shares
2.57B
-12.0% over 9 years, net buybacks
FY2016FY2025
Return on invested capital
30.1%
FY2025
FY2016FY2025
Net cash
$22.8B
$22.8B more cash than debt
FY2016FY2025
Every figure, year by year
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| The business | ||||||||||
| Revenue | $27.6B | $40.7B | $55.8B | $70.7B | $86.0B | $117.9B | $116.6B | $134.9B | $164.5B | $201.0B |
| Revenue growth | 54.2% | 47.1% | 37.4% | 26.6% | 21.6% | 37.2% | -1.1% | 15.7% | 21.9% | 22.2% |
| Gross margin | – | – | – | – | – | – | – | – | – | – |
| Operating margin | 45.0% | 49.7% | 44.6% | 33.9% | 38.0% | 39.6% | 24.8% | 34.7% | 42.2% | 41.4% |
| Net income | $10.2B | $15.9B | $22.1B | $18.5B | $29.1B | $39.4B | $23.2B | $39.1B | $62.4B | $60.5B |
| Net margin | 37.0% | 39.2% | 39.6% | 26.1% | 33.9% | 33.4% | 19.9% | 29.0% | 37.9% | 30.1% |
| Diluted EPS | $3.49 | $5.39 | $7.57 | $6.43 | $10.09 | $13.77 | $8.59 | $14.87 | $23.86 | $23.49 |
| Return on invested capital? | – | – | – | – | – | 50.6% | 24.6% | 36.3% | 45.8% | 30.1% |
| Cash | ||||||||||
| Operating cash flow | $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 |
| Stock-based compensation | $3.2B | $3.7B | $4.2B | $4.8B | $6.5B | $9.2B | $12.0B | $14.0B | $16.7B | $20.4B |
| Owner earnings? | $8.4B | $13.8B | $11.2B | $16.4B | $17.0B | $29.8B | $7.3B | $30.0B | $37.4B | $25.7B |
| Free cash flow per share | $3.97 | $5.91 | $5.26 | $7.38 | $8.17 | $13.64 | $7.14 | $16.76 | $20.69 | $17.91 |
| Capital allocation | ||||||||||
| Dividends paid | – | – | – | – | – | – | $0 | $0 | $5.1B | $5.3B |
| Share repurchases | $0 | $2.0B | $12.9B | $4.2B | $6.3B | $44.5B | $28.0B | $19.8B | $30.1B | $26.2B |
| Diluted shares | 2.92B | 2.96B | 2.92B | 2.88B | 2.89B | 2.86B | 2.70B | 2.63B | 2.61B | 2.57B |
| Share count change? | 2.5% | 1.1% | -1.2% | -1.5% | 0.4% | -1.0% | -5.5% | -2.7% | -0.6% | -1.5% |
| Balance sheet | ||||||||||
| Cash and equivalents | $8.9B | $8.1B | $10.0B | $19.1B | $17.6B | $16.6B | $14.7B | $41.9B | $43.9B | $35.9B |
| Short-term investments | $20.5B | $33.6B | $31.1B | $35.8B | $44.4B | $31.4B | $26.1B | $23.5B | $33.9B | $45.7B |
| Total debt | – | – | – | – | – | $0 | $9.9B | $18.4B | $28.8B | $58.7B |
| Net debt | – | – | – | – | – | -$48.0B | -$30.8B | -$47.0B | -$49.0B | -$22.8B |
| Shareholders' equity | $59.2B | $74.3B | $84.1B | $101.1B | $128.3B | $124.9B | $125.7B | $153.2B | $182.6B | $217.2B |
Latest filings
| 2026-10-22 | 10-Q | Quarterly report |
| 2026-10-21 | 8-K | Earnings release |
| 2026-07-30 | 10-Q | Quarterly report |
| 2026-07-29 | 8-K | Earnings release |
| 2026-04-30 | 10-Q | Quarterly report |
| 2026-04-29 | 8-K | Earnings release |
| 2026-04-16 | DEF 14A | Proxy statement |
| 2026-01-29 | 10-K | Annual report |
| 2026-01-28 | 8-K | Earnings release |
| 2025-10-30 | 10-Q | Quarterly report |
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