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Alphabet Inc. (GOOG) 10-Year Financial Performance & Capital Metrics

GOOG • • Industrial / General
TechnologyInternet ServicesDigital Advertising & Search PlatformsSearch & Digital Advertising Giants
AboutAlphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of apps and in-app purchases and digital content in the Google Play and YouTube; and devices, as well as in the provision of YouTube consumer subscription services. The Google Cloud segment offers infrastructure, cybersecurity, databases, analytics, AI, and other services; Google Workspace that include cloud-based communication and collaboration tools for enterprises, such as Gmail, Docs, Drive, Calendar, and Meet; and other services for enterprise customers. The Other Bets segment sells healthcare-related and internet services. The company was incorporated in 1998 and is headquartered in Mountain View, California.Show more
  • Revenue $350.02B +13.9%
  • EBITDA $127.7B +32.7%
  • Net Income $100.12B +35.7%
  • EPS (Diluted) 8.04 +38.6%
  • Gross Margin 58.2% +2.8%
  • EBITDA Margin 36.48% +16.5%
  • Operating Margin 32.11% +17.1%
  • Net Margin 28.6% +19.1%
  • ROE 32.91% +20.3%
  • ROIC 27.48% +19.6%
  • Debt/Equity 0.08 -18.2%
  • Interest Coverage 419.37 +53.2%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Excellent 3Y average ROE of 28.0%
  • ✓Strong 5Y profit CAGR of 23.9%
  • ✓Strong Piotroski F-Score: 8/9
  • ✓FCF machine: 20.8% free cash flow margin
  • ✓Momentum leader: RS Rating 89 (top 11%)

✗Weaknesses

  • ✗Expensive at 12.9x book value

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y18.16%
5Y16.68%
3Y10.75%
TTM13.42%

Profit (Net Income) CAGR

10Y21.62%
5Y23.86%
3Y9.61%
TTM31.8%

EPS CAGR

10Y22.58%
5Y26.73%
3Y12.75%
TTM34.48%

ROCE

10Y Avg21.05%
5Y Avg26.12%
3Y Avg28.55%
Latest32.97%

Peer Comparison

Search & Digital Advertising Giants
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
GOOGAlphabet Inc.1.82T336.4341.8413.87%32.23%32.12%4%0.08
GOOGLAlphabet Inc.1.95T335.9741.7913.87%32.23%32.12%3.72%0.08

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+74.99B90.27B110.86B136.82B161.86B182.53B257.64B282.84B307.39B350.02B
Revenue Growth %0.14%0.2%0.23%0.23%0.18%0.13%0.41%0.1%0.09%0.14%
Cost of Goods Sold+28.16B35.14B45.58B59.55B71.9B84.73B110.94B126.2B133.33B146.31B
COGS % of Revenue0.38%0.39%0.41%0.44%0.44%0.46%0.43%0.45%0.43%0.42%
Gross Profit+46.83B55.13B65.27B77.27B89.96B97.8B146.7B156.63B174.06B203.71B
Gross Margin %0.62%0.61%0.59%0.56%0.56%0.54%0.57%0.55%0.57%0.58%
Gross Profit Growth %0.16%0.18%0.18%0.18%0.16%0.09%0.5%0.07%0.11%0.17%
Operating Expenses+27.46B31.42B39.09B49.75B55.73B56.57B67.98B81.79B89.77B91.32B
OpEx % of Revenue0.37%0.35%0.35%0.36%0.34%0.31%0.26%0.29%0.29%0.26%
Selling, General & Admin15.18B17.47B19.73B23.26B28.02B29B36.42B42.29B44.34B42B
SG&A % of Revenue0.2%0.19%0.18%0.17%0.17%0.16%0.14%0.15%0.14%0.12%
Research & Development12.28B13.95B16.63B21.42B26.02B27.57B31.56B39.5B45.43B49.33B
R&D % of Revenue0.16%0.15%0.15%0.16%0.16%0.15%0.12%0.14%0.15%0.14%
Other Operating Expenses002.74B5.07B1.7B00000
Operating Income+19.36B23.72B26.18B27.52B34.23B41.22B78.71B74.84B84.29B112.39B
Operating Margin %0.26%0.26%0.24%0.2%0.21%0.23%0.31%0.26%0.27%0.32%
Operating Income Growth %0.17%0.23%0.1%0.05%0.24%0.2%0.91%-0.05%0.13%0.33%
EBITDA+24.42B29.86B33.09B36.56B46.01B54.92B91.16B88.32B96.24B127.7B
EBITDA Margin %0.33%0.33%0.3%0.27%0.28%0.3%0.35%0.31%0.31%0.36%
EBITDA Growth %0.14%0.22%0.11%0.1%0.26%0.19%0.66%-0.03%0.09%0.33%
D&A (Non-Cash Add-back)5.06B6.14B6.92B9.04B11.78B13.7B12.44B13.47B11.95B15.31B
EBIT19.75B24.27B27.3B35.03B39.73B48.22B91.08B71.69B86.03B120.08B
Net Interest Income+895M1.1B1.2B1.76B2.33B1.73B1.15B1.82B3.56B4.21B
Interest Income999M1.22B1.31B1.88B2.43B1.86B1.5B2.17B3.87B4.48B
Interest Expense104M124M109M114M100M135M346M357M308M268M
Other Income/Expense291M434M1.01B7.39B5.39B6.86B12.02B-3.51B1.42B7.42B
Pretax Income+19.65B24.15B27.19B34.91B39.63B48.08B90.73B71.33B85.72B119.81B
Pretax Margin %0.26%0.27%0.25%0.26%0.24%0.26%0.35%0.25%0.28%0.34%
Income Tax+3.3B4.67B14.53B4.18B5.28B7.81B14.7B11.36B11.92B19.7B
Effective Tax Rate %0.83%0.81%0.47%0.88%0.87%0.84%0.84%0.84%0.86%0.84%
Net Income+16.35B19.48B12.66B30.74B34.34B40.27B76.03B59.97B73.8B100.12B
Net Margin %0.22%0.22%0.11%0.22%0.21%0.22%0.3%0.21%0.24%0.29%
Net Income Growth %0.16%0.19%-0.35%1.43%0.12%0.17%0.89%-0.21%0.23%0.36%
Net Income (Continuing)16.35B19.48B12.66B30.74B34.34B40.27B76.03B59.97B73.8B100.12B
Discontinued Operations0000000000
Minority Interest0000000000
EPS (Diluted)+1.141.390.902.192.462.935.614.565.808.04
EPS Growth %0.09%0.22%-0.35%1.43%0.12%0.19%0.91%-0.19%0.27%0.39%
EPS (Basic)1.161.420.912.212.482.965.694.595.848.13
Diluted Shares Outstanding13.86B13.99B14.07B14.07B13.97B13.74B13.55B13.16B12.72B12.45B
Basic Shares Outstanding13.7B13.76B13.86B13.9B13.85B13.62B13.35B13.06B12.63B12.32B
Dividend Payout Ratio---------0.07%

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+90.11B105.41B124.31B135.68B152.58B174.3B188.14B164.79B171.53B163.71B
Cash & Short-Term Investments73.07B86.33B101.87B109.14B119.67B136.69B139.65B113.76B110.92B95.66B
Cash Only16.55B12.92B10.71B16.7B18.5B26.46B20.95B21.88B24.05B23.47B
Short-Term Investments56.52B73.42B91.16B92.44B101.18B110.23B118.7B91.88B86.87B72.19B
Accounts Receivable11.56B14.23B18.7B21.19B27.49B31.38B39.3B40.26B47.96B52.34B
Days Sales Outstanding56.2557.5461.5956.546262.7655.6851.9556.9554.58
Inventory491M268M749M1.11B999M728M1.17B2.67B00
Days Inventory Outstanding6.362.7866.795.073.143.857.72--
Other Current Assets2.35B02.98B4.24B4.41B5.49B8.02B8.11B12.65B15.71B
Total Non-Current Assets+57.35B62.09B72.99B97.12B123.33B145.32B171.13B200.47B230.86B286.55B
Property, Plant & Equipment29.02B34.23B42.38B59.72B84.59B96.96B110.56B127.05B148.44B184.62B
Fixed Asset Turnover2.58x2.64x2.62x2.29x1.91x1.88x2.33x2.23x2.07x1.90x
Goodwill15.87B16.47B16.75B17.89B20.62B21.18B22.96B28.96B29.2B31.89B
Intangible Assets3.85B3.31B2.69B2.22B1.98B1.45B1.42B2.08B00
Long-Term Investments5.18B5.88B7.81B13.86B13.08B20.7B29.55B30.49B31.01B37.98B
Other Non-Current Assets3.18B1.82B2.67B2.69B2.34B3.95B5.36B6.62B10.05B14.87B
Total Assets+147.46B167.5B197.29B232.79B275.91B319.62B359.27B365.26B402.39B450.26B
Asset Turnover0.51x0.54x0.56x0.59x0.59x0.57x0.72x0.77x0.76x0.78x
Asset Growth %0.12%0.14%0.18%0.18%0.19%0.16%0.12%0.02%0.1%0.12%
Total Current Liabilities+19.31B16.76B24.18B34.62B45.22B56.83B64.25B69.3B81.81B89.12B
Accounts Payable1.93B2.04B3.14B4.38B5.56B5.59B6.04B5.13B7.49B7.99B
Days Payables Outstanding25.0321.225.1226.8328.2324.0819.8614.8320.5119.93
Short-Term Debt3B000000000
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Liabilities3.54B9.09B14.15B21.55B27.78B21.5B23.69B23.13B24.66B21.39B
Current Ratio4.67x6.29x5.14x3.92x3.37x3.07x2.93x2.38x2.10x1.84x
Quick Ratio4.64x6.27x5.11x3.89x3.35x3.05x2.91x2.34x2.10x1.84x
Cash Conversion Cycle37.5939.1342.4736.4938.8441.8239.6744.84--
Total Non-Current Liabilities+7.82B11.71B20.61B20.54B29.25B40.24B43.38B39.82B37.2B36.05B
Long-Term Debt2B3.94B3.94B3.95B4.55B12.83B12.84B12.86B11.87B10.88B
Capital Lease Obligations0026M62M10.21B12.25B13.36B14.35B12.46B11.69B
Deferred Tax Liabilities189M226M430M1.26B1.7B3.56B5.26B514M485M0
Other Non-Current Liabilities5.49B7.34B15.87B14.87B12.42B11.12B11.38B11.51B11.47B13.48B
Total Liabilities27.13B28.46B44.79B55.16B74.47B97.07B107.63B109.12B119.01B125.17B
Total Debt+5.22B3.94B3.97B4.01B15.97B26.77B28.39B29.68B27.12B25.46B
Net Debt-11.33B-8.98B-6.75B-12.69B-2.53B307M7.45B7.8B3.07B2B
Debt / Equity0.04x0.03x0.03x0.02x0.08x0.12x0.11x0.12x0.10x0.08x
Debt / EBITDA0.21x0.13x0.12x0.11x0.35x0.49x0.31x0.34x0.28x0.20x
Net Debt / EBITDA-0.46x-0.30x-0.20x-0.35x-0.06x0.01x0.08x0.09x0.03x0.02x
Interest Coverage186.15x191.26x240.17x241.44x342.31x305.36x227.50x209.64x273.68x419.37x
Total Equity+120.33B139.04B152.5B177.63B201.44B222.54B251.63B256.14B283.38B325.08B
Equity Growth %0.15%0.16%0.1%0.16%0.13%0.1%0.13%0.02%0.11%0.15%
Book Value per Share8.689.9410.8412.6314.4216.2018.5719.4722.2726.12
Total Shareholders' Equity120.33B139.04B152.5B177.63B201.44B222.54B251.63B256.14B283.38B325.08B
Common Stock32.98B36.31B40.25B45.05B50.55B58.51B61.77B68.18B76.53B84.8B
Retained Earnings89.22B105.13B113.25B134.88B152.12B163.4B191.48B195.56B211.25B245.08B
Treasury Stock0000000000
Accumulated OCI-1.87B-2.4B-992M-2.31B-1.23B633M-1.62B-7.6B-4.4B-4.8B
Minority Interest0000000000

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+26.02B36.04B37.09B47.97B54.52B65.12B91.65B91.5B101.75B125.3B
Operating CF Margin %0.35%0.4%0.33%0.35%0.34%0.36%0.36%0.32%0.33%0.36%
Operating CF Growth %0.16%0.38%0.03%0.29%0.14%0.19%0.41%-0%0.11%0.23%
Net Income16.35B19.48B12.66B30.74B34.34B40.27B76.03B59.97B73.8B100.12B
Depreciation & Amortization5.06B6.14B6.92B9.04B11.78B13.7B12.44B15.93B11.95B15.31B
Stock-Based Compensation5.2B6.7B7.68B9.35B10.79B12.99B15.38B19.36B22.46B22.79B
Deferred Taxes-179M-38M258M778M173M1.39B1.81B-8.08B-7.76B-5.26B
Other Non-Cash Items-2M449M331M-6.84B-3.39B-5.05B-12.48B6.55B5.15B748M
Working Capital Changes-409M3.3B9.25B4.91B819M1.83B-1.52B-2.23B-3.85B-8.41B
Change in Receivables-2.09B-2.58B-3.77B-2.17B-4.34B-6.52B-9.1B-2.32B-7.83B-5.89B
Change in Inventory1.62B2.42B3.68B7.89B7.82B5.81B7.14B02.28B0
Change in Payables203M110M731M1.07B428M694M283M707M664M359M
Cash from Investing+-23.71B-31.16B-31.4B-28.5B-29.49B-32.77B-35.52B-20.3B-27.06B-45.54B
Capital Expenditures-9.91B-10.21B-13.18B-25.14B-23.55B-22.28B-24.64B-31.48B-32.25B-52.53B
CapEx % of Revenue0.13%0.11%0.12%0.18%0.15%0.12%0.1%0.11%0.1%0.15%
Acquisitions----------
Investments----------
Other Investing-350M-2.19B1.52B98M589M68M541M1.59B-1.05B-2.67B
Cash from Financing+-3.68B-8.33B-8.3B-13.18B-23.21B-24.41B-61.36B-69.76B-72.09B-79.73B
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid000000000-7.36B
Share Repurchases----------
Other Financing-2.42B-3.3B-3.37B-4.04B-4.54B-2.92B-9.85B-9.27B-9.83B-11.04B
Net Change in Cash----------
Free Cash Flow+16.11B25.82B23.91B22.83B30.97B42.84B67.01B60.01B69.5B72.76B
FCF Margin %0.21%0.29%0.22%0.17%0.19%0.23%0.26%0.21%0.23%0.21%
FCF Growth %0.41%0.6%-0.07%-0.04%0.36%0.38%0.56%-0.1%0.16%0.05%
FCF per Share1.161.851.701.622.223.124.944.565.465.85
FCF Conversion (FCF/Net Income)1.59x1.85x2.93x1.56x1.59x1.62x1.21x1.53x1.38x1.25x
Interest Paid96M84M84M69M000000
Taxes Paid3.65B1.64B6.19B5.67B8.2B4.99B13.41B18.89B19.16B0

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)14.54%15.02%8.69%18.62%18.12%19%32.07%23.62%27.36%32.91%
Return on Invested Capital (ROIC)14.49%14.88%14.24%13.29%14.11%14.66%24.5%21.46%22.97%27.48%
Gross Margin62.44%61.08%58.88%56.48%55.58%53.58%56.94%55.38%56.63%58.2%
Net Margin21.8%21.58%11.42%22.46%21.22%22.06%29.51%21.2%24.01%28.6%
Debt / Equity0.04x0.03x0.03x0.02x0.08x0.12x0.11x0.12x0.10x0.08x
Interest Coverage186.15x191.26x240.17x241.44x342.31x305.36x227.50x209.64x273.68x419.37x
FCF Conversion1.59x1.85x2.93x1.56x1.59x1.62x1.21x1.53x1.38x1.25x
Revenue Growth13.62%20.38%22.8%23.42%18.3%12.77%41.15%9.78%8.68%13.87%

Revenue by Segment

2015201620172018201920202021202220232024
Google Search & Other---85.3B98.11B104.06B148.95B162.45B175.03B198.08B
Google Search & Other Growth----15.03%6.06%43.14%9.06%7.75%13.17%
Google Cloud---5.84B8.92B13.06B19.21B26.28B33.09B43.23B
Google Cloud Growth----52.76%46.43%47.07%36.83%25.91%30.65%
Google Subscriptions, Platforms, And Devices---14.06B17.01B21.71B28.03B29.05B34.69B40.34B
Google Subscriptions, Platforms, And Devices Growth----20.98%27.61%29.11%3.65%19.39%16.29%
YouTube Ads---11.15B15.15B19.77B28.84B29.24B31.51B36.15B
YouTube Ads Growth----35.80%30.52%45.89%1.38%7.75%14.72%
Google Network---20.01B21.55B23.09B31.7B32.78B31.31B30.36B
Google Network Growth----7.68%7.16%37.29%3.40%-4.48%-3.04%
Other Bets---595M659M657M753M1.07B1.53B1.65B
Other Bets Growth----10.76%-0.30%14.61%41.83%42.98%7.92%
Google Properties52.36B63.78B77.79B-------
Google Properties Growth-21.83%21.95%-------
Google Network Members' Properties15.03B15.6B17.59B-------
Google Network Members' Properties Growth-3.76%12.75%-------
Google Other Revenues7.15B10.08B14.28B-------
Google Other Revenues Growth-40.90%41.64%-------
Other Bets Revenues445M809M1.2B-------
Other Bets Revenues Growth-81.80%48.70%-------

Revenue by Geography

2015201620172018201920202021202220232024
UNITED STATES34.81B42.78B52.45B63.27B74.84B85.01B117.85B134.81B146.29B170.45B
UNITED STATES Growth-22.90%22.60%20.63%18.29%13.59%38.63%14.39%8.51%16.52%
EMEA--36.05B44.57B50.65B55.37B79.11B82.06B91.04B102.13B
EMEA Growth---23.64%13.64%9.33%42.87%3.74%10.94%12.18%
Asia Pacific--16.23B21.37B26.93B32.55B46.12B47.02B51.51B56.81B
Asia Pacific Growth---31.65%25.98%20.88%41.70%1.95%9.55%10.29%
Americas Excluding United States--6.13B7.61B8.99B9.42B14.4B16.98B18.32B20.42B
Americas Excluding United States Growth---24.23%18.10%4.80%52.96%17.86%7.92%11.45%
Segment, Geographical, the World, Excluding United States and United Kingdom33.11B39.7B--------
Segment, Geographical, the World, Excluding United States and United Kingdom Growth-19.91%--------

Frequently Asked Questions

Valuation & Price

Alphabet Inc. (GOOG) has a price-to-earnings (P/E) ratio of 41.8x. This suggests investors expect higher future growth.

Growth & Financials

Alphabet Inc. (GOOG) reported $385.48B in revenue for fiscal year 2024. This represents a 917% increase from $37.91B in 2011.

Alphabet Inc. (GOOG) grew revenue by 13.9% over the past year. This is steady growth.

Yes, Alphabet Inc. (GOOG) is profitable, generating $124.25B in net income for fiscal year 2024 (28.6% net margin).

Dividend & Returns

Yes, Alphabet Inc. (GOOG) pays a dividend with a yield of 0.18%. This makes it attractive for income-focused investors.

Alphabet Inc. (GOOG) has a return on equity (ROE) of 32.9%. This is excellent, indicating efficient use of shareholder capital.

Alphabet Inc. (GOOG) generated $73.55B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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