Meta Platforms, Inc. (META) 10-Year Financial Performance & Capital Metrics

META • • Industrial / General

TechnologyInternet ServicesSocial Media & Communication PlatformsSocial Media & Messaging Networks

AboutMeta Platforms, Inc. engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately. The Reality Labs segment provides augmented and virtual reality related products comprising consumer hardware, software, and content that help people feel connected, anytime, and anywhere. The company was formerly known as Facebook, Inc. and changed its name to Meta Platforms, Inc. in October 2021. Meta Platforms, Inc. was incorporated in 2004 and is headquartered in Menlo Park, California.Show more

Revenue $164.5B +21.9%
EBITDA $84.88B +46.5%
Net Income $62.36B +59.5%
EPS (Diluted) 23.86 +60.5%
Gross Margin 81.67% +1.1%
EBITDA Margin 51.6% +20.2%
Operating Margin 42.18% +21.7%
Net Margin 37.91% +30.8%
ROE 37.14% +32.5%
ROIC 30.88% +26.0%
Debt/Equity 0.27 +12.1%
Interest Coverage 97.03 -7.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 27.9%
✓Strong 5Y profit CAGR of 27.5%
✓Strong Piotroski F-Score: 8/9
✓FCF machine: 32.9% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 18.4%

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y29.43%

5Y18.4%

3Y11.73%

TTM21.27%

Profit (Net Income) CAGR

10Y35.72%

5Y27.53%

3Y16.57%

TTM5.38%

EPS CAGR

10Y36.03%

5Y29.98%

3Y20.11%

TTM6.64%

ROCE

10Y Avg25.16%

5Y Avg26.81%

3Y Avg25.61%

Latest31.53%

Peer Comparison

Social Media & Messaging Networks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
METAMeta Platforms, Inc.	1.37T	631.09	26.45	21.94%	30.89%	30.16%	3.93%	0.27

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	17.93B	27.64B	40.65B	55.84B	70.7B	85.97B	117.93B	116.61B	134.9B	164.5B
Revenue Growth %	0.44%	0.54%	0.47%	0.37%	0.27%	0.22%	0.37%	-0.01%	0.16%	0.22%
Cost of Goods Sold+	2.87B	3.79B	5.45B	9.36B	12.77B	16.69B	22.65B	25.25B	25.96B	30.16B
COGS % of Revenue	0.16%	0.14%	0.13%	0.17%	0.18%	0.19%	0.19%	0.22%	0.19%	0.18%
Gross Profit+	15.06B	23.85B	35.2B	46.48B	57.93B	69.27B	95.28B	91.36B	108.94B	134.34B
Gross Margin %	0.84%	0.86%	0.87%	0.83%	0.82%	0.81%	0.81%	0.78%	0.81%	0.82%
Gross Profit Growth %	0.46%	0.58%	0.48%	0.32%	0.25%	0.2%	0.38%	-0.04%	0.19%	0.23%
Operating Expenses+	8.84B	11.42B	15B	21.57B	33.94B	36.6B	48.53B	62.42B	62.19B	64.96B
OpEx % of Revenue	0.49%	0.41%	0.37%	0.39%	0.48%	0.43%	0.41%	0.54%	0.46%	0.39%
Selling, General & Admin	4.02B	5.5B	7.24B	11.3B	20.34B	18.16B	23.87B	27.08B	23.71B	21.09B
SG&A % of Revenue	0.22%	0.2%	0.18%	0.2%	0.29%	0.21%	0.2%	0.23%	0.18%	0.13%
Research & Development	4.82B	5.92B	7.75B	10.27B	13.6B	18.45B	24.66B	35.34B	38.48B	43.87B
R&D % of Revenue	0.27%	0.21%	0.19%	0.18%	0.19%	0.21%	0.21%	0.3%	0.29%	0.27%
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	6.22B	12.43B	20.2B	24.91B	23.99B	32.67B	46.75B	28.94B	46.75B	69.38B
Operating Margin %	0.35%	0.45%	0.5%	0.45%	0.34%	0.38%	0.4%	0.25%	0.35%	0.42%
Operating Income Growth %	0.25%	1%	0.63%	0.23%	-0.04%	0.36%	0.43%	-0.38%	0.62%	0.48%
EBITDA+	8.17B	14.77B	23.23B	29.23B	29.73B	39.53B	54.72B	37.63B	57.93B	84.88B
EBITDA Margin %	0.46%	0.53%	0.57%	0.52%	0.42%	0.46%	0.46%	0.32%	0.43%	0.52%
EBITDA Growth %	0.31%	0.81%	0.57%	0.26%	0.02%	0.33%	0.38%	-0.31%	0.54%	0.47%
D&A (Non-Cash Add-back)	1.95B	2.34B	3.02B	4.32B	5.74B	6.86B	7.97B	8.69B	11.18B	15.5B
EBIT	6.22B	12.43B	20.6B	24.91B	28.99B	32.67B	47.31B	29B	47.87B	71.38B
Net Interest Income+	29M	166M	392M	643M	884M	672M	461M	276M	1.19B	1.8B
Interest Income	52M	176M	398M	652M	904M	672M	484M	461M	1.64B	2.52B
Interest Expense	23M	10M	6M	9M	20M	0	23M	185M	446M	715M
Other Income/Expense	-31M	91M	391M	448M	826M	509M	531M	-125M	677M	1.28B
Pretax Income+	6.19B	12.52B	20.59B	25.36B	24.81B	33.18B	47.28B	28.82B	47.43B	70.66B
Pretax Margin %	0.35%	0.45%	0.51%	0.45%	0.35%	0.39%	0.4%	0.25%	0.35%	0.43%
Income Tax+	2.51B	2.3B	4.66B	3.25B	6.33B	4.03B	7.91B	5.62B	8.33B	8.3B
Effective Tax Rate %	0.6%	0.81%	0.77%	0.87%	0.75%	0.88%	0.83%	0.81%	0.82%	0.88%
Net Income+	3.69B	10.19B	15.92B	22.11B	18.48B	29.15B	39.37B	23.2B	39.1B	62.36B
Net Margin %	0.21%	0.37%	0.39%	0.4%	0.26%	0.34%	0.33%	0.2%	0.29%	0.38%
Net Income Growth %	0.25%	1.76%	0.56%	0.39%	-0.16%	0.58%	0.35%	-0.41%	0.69%	0.59%
Net Income (Continuing)	3.69B	10.22B	15.93B	22.11B	18.48B	29.15B	39.37B	23.2B	39.1B	62.36B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	1.29	3.49	5.39	7.57	6.43	10.09	13.77	8.59	14.87	23.86
EPS Growth %	0.17%	1.71%	0.54%	0.4%	-0.15%	0.57%	0.36%	-0.38%	0.73%	0.6%
EPS (Basic)	1.31	3.56	5.49	7.65	6.48	10.22	13.99	8.63	15.19	24.61
Diluted Shares Outstanding	2.85B	2.92B	2.96B	2.92B	2.88B	2.89B	2.86B	2.7B	2.63B	2.61B
Basic Shares Outstanding	2.84B	2.92B	2.95B	2.89B	2.85B	2.85B	2.81B	2.69B	2.57B	2.53B
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	0.08%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	21.65B	34.4B	48.56B	50.48B	66.22B	75.67B	66.67B	59.55B	85.36B	100.05B
Cash & Short-Term Investments	18.43B	29.45B	41.71B	41.11B	54.85B	61.95B	48B	40.74B	65.4B	77.81B
Cash Only	4.91B	8.9B	8.08B	10.02B	19.08B	17.58B	16.6B	14.68B	41.86B	43.89B
Short-Term Investments	13.53B	20.55B	33.63B	31.09B	35.78B	44.38B	31.4B	26.06B	23.54B	33.93B
Accounts Receivable	2.56B	3.99B	5.83B	7.59B	9.52B	11.34B	14.04B	13.47B	16.17B	16.99B
Days Sales Outstanding	52.1	52.73	52.36	49.59	49.14	48.13	43.45	42.15	43.75	37.71
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	0	0	0	10M	8M	241M	149M	5.34B	3.79B	5.24B
Total Non-Current Assets+	27.75B	30.56B	35.96B	46.85B	67.15B	83.65B	99.32B	126.18B	144.26B	176.01B
Property, Plant & Equipment	5.69B	8.59B	13.72B	24.68B	44.78B	54.98B	69.96B	92.19B	109.88B	136.27B
Fixed Asset Turnover	3.15x	3.22x	2.96x	2.26x	1.58x	1.56x	1.69x	1.26x	1.23x	1.21x
Goodwill	18.03B	18.12B	18.22B	18.3B	18.71B	19.05B	19.2B	20.31B	20.65B	20.65B
Intangible Assets	3.25B	2.54B	1.88B	1.29B	894M	623M	634M	897M	788M	915M
Long-Term Investments	0	0	0	0	86M	6.23B	6.78B	6.2B	6.14B	6.07B
Other Non-Current Assets	796M	1.31B	2.13B	2.58B	2.87B	2.76B	2.75B	6.58B	6.79B	12.1B
Total Assets+	49.41B	64.96B	84.52B	97.33B	133.38B	159.32B	165.99B	185.73B	229.62B	276.05B
Asset Turnover	0.36x	0.43x	0.48x	0.57x	0.53x	0.54x	0.71x	0.63x	0.59x	0.60x
Asset Growth %	0.23%	0.31%	0.3%	0.15%	0.37%	0.19%	0.04%	0.12%	0.24%	0.2%
Total Current Liabilities+	1.93B	2.88B	3.76B	7.02B	15.05B	14.98B	21.14B	27.03B	31.96B	33.6B
Accounts Payable	196M	302M	380M	820M	1.36B	1.33B	4.08B	4.99B	4.85B	7.69B
Days Payables Outstanding	24.95	29.09	25.43	31.99	38.96	29.1	65.8	72.14	68.18	93.03
Short-Term Debt	201M	0	340M	500M	0	0	0	0	0	2.02B
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0	0
Other Current Liabilities	1.06B	1.72B	1.53B	2.99B	4.03B	6.08B	8.41B	-3.14B	15.17B	12.35B
Current Ratio	11.25x	11.97x	12.92x	7.19x	4.40x	5.05x	3.15x	2.20x	2.67x	2.98x
Quick Ratio	11.25x	11.97x	12.92x	7.19x	4.40x	5.05x	3.15x	2.20x	2.67x	2.98x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	3.26B	2.89B	6.42B	6.19B	17.27B	16.05B	19.97B	32.99B	44.49B	59.82B
Long-Term Debt	0	0	0	0	0	0	0	9.92B	18.39B	28.83B
Capital Lease Obligations	107M	0	0	0	9.52B	9.63B	12.75B	15.3B	17.23B	18.93B
Deferred Tax Liabilities	163M	0	50M	673M	1.04B	0	0	5.49B	0	0
Other Non-Current Liabilities	2.99B	2.89B	6.37B	5.52B	6.71B	6.41B	7.23B	7.76B	8.88B	12.07B
Total Liabilities	5.19B	5.77B	10.18B	13.21B	32.32B	31.03B	41.11B	60.01B	76.45B	93.42B
Total Debt+	315M	0	340M	500M	10.32B	10.65B	13.87B	26.59B	37.23B	49.77B
Net Debt	-4.79B	-8.9B	-7.74B	-9.52B	-8.76B	-6.92B	-2.73B	11.91B	-4.63B	5.88B
Debt / Equity	0.01x	-	0.00x	0.01x	0.10x	0.08x	0.11x	0.21x	0.24x	0.27x
Debt / EBITDA	0.04x	-	0.01x	0.02x	0.35x	0.27x	0.25x	0.71x	0.64x	0.59x
Net Debt / EBITDA	-0.59x	-0.60x	-0.33x	-0.33x	-0.29x	-0.18x	-0.05x	0.32x	-0.08x	0.07x
Interest Coverage	270.65x	1242.70x	3367.17x	2768.11x	1199.30x	-	2032.74x	156.45x	104.82x	97.03x
Total Equity+	44.22B	59.19B	74.35B	84.13B	101.05B	128.29B	124.88B	125.71B	153.17B	182.64B
Equity Growth %	0.23%	0.34%	0.26%	0.13%	0.2%	0.27%	-0.03%	0.01%	0.22%	0.19%
Book Value per Share	15.50	20.24	25.15	28.80	35.14	44.42	43.68	46.53	58.26	69.87
Total Shareholders' Equity	44.22B	59.19B	74.35B	84.13B	101.05B	128.29B	124.88B	125.71B	153.17B	182.64B
Common Stock	0	0	0	0	0	0	0	0	0	0
Retained Earnings	9.79B	21.67B	33.99B	41.98B	55.69B	77.34B	69.76B	64.8B	82.07B	102.51B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-455M	-703M	-227M	-760M	-489M	927M	-693M	-3.53B	-2.15B	-3.1B
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	8.6B	16.11B	24.22B	29.27B	36.31B	38.75B	57.68B	50.48B	71.11B	91.33B
Operating CF Margin %	0.48%	0.58%	0.6%	0.52%	0.51%	0.45%	0.49%	0.43%	0.53%	0.56%
Operating CF Growth %	0.58%	0.87%	0.5%	0.21%	0.24%	0.07%	0.49%	-0.12%	0.41%	0.28%
Net Income	3.69B	10.22B	15.93B	22.11B	18.48B	29.15B	39.37B	23.2B	39.1B	62.36B
Depreciation & Amortization	1.95B	2.34B	3.02B	4.32B	5.74B	6.86B	7.97B	8.69B	11.18B	15.5B
Stock-Based Compensation	2.96B	3.22B	3.72B	4.15B	4.84B	6.54B	9.16B	11.99B	14.03B	16.69B
Deferred Taxes	-795M	-457M	-377M	286M	-37M	-1.19B	609M	-3.29B	131M	-4.74B
Other Non-Cash Items	17M	30M	24M	-64M	39M	118M	-127M	4.2B	2.84B	470M
Working Capital Changes	784M	758M	1.89B	-1.53B	7.25B	-2.72B	700M	5.68B	3.84B	1.05B
Change in Receivables	-973M	-1.49B	-1.61B	-1.89B	-1.96B	-1.51B	-3.11B	231M	-2.4B	-1.49B
Change in Inventory	0	0	0	91M	8.97B	-1.3B	0	0	0	0
Change in Payables	18M	14M	43M	221M	113M	-17M	1.44B	210M	51M	373M
Cash from Investing+	-9.43B	-11.74B	-20.04B	-11.6B	-19.86B	-30.06B	-7.57B	-28.97B	-24.5B	-47.15B
Capital Expenditures	-2.52B	-4.49B	-6.73B	-13.91B	-15.1B	-15.12B	-18.57B	-31.43B	-27.27B	-37.26B
CapEx % of Revenue	0.14%	0.16%	0.17%	0.25%	0.21%	0.18%	0.16%	0.27%	0.2%	0.23%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	102M	61M	67M	-25M	-61M	-36M	-284M	246M	198M	129M
Cash from Financing+	1.58B	-310M	-5.24B	-15.57B	-7.3B	-10.29B	-50.73B	-22.14B	-19.5B	-40.78B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	-5.07B
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	1.7B	8M	-3.26B	15M	15M	-3.44B	-5.53B	344M	-111M	-14.05B
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	6.08B	11.62B	17.48B	15.36B	21.21B	23.63B	39.12B	19.04B	43.85B	54.07B
FCF Margin %	0.34%	0.42%	0.43%	0.28%	0.3%	0.27%	0.33%	0.16%	0.33%	0.33%
FCF Growth %	0.68%	0.91%	0.5%	-0.12%	0.38%	0.11%	0.66%	-0.51%	1.3%	0.23%
FCF per Share	2.13	3.97	5.91	5.26	7.38	8.18	13.68	7.05	16.68	20.69
FCF Conversion (FCF/Net Income)	2.33x	1.58x	1.52x	1.32x	1.96x	1.33x	1.47x	2.18x	1.82x	1.46x
Interest Paid	10M	11M	0	1M	0	0	0	0	448M	486M
Taxes Paid	270M	1.21B	2.12B	3.76B	5.18B	4.23B	8.53B	6.41B	6.61B	10.55B

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	9.18%	19.7%	23.84%	27.91%	19.96%	25.42%	31.1%	18.52%	28.04%	37.14%
Return on Invested Capital (ROIC)	13.03%	20.73%	25.92%	26.46%	21.56%	22.94%	28.8%	16.71%	24.51%	30.88%
Gross Margin	84.01%	86.29%	86.58%	83.25%	81.94%	80.58%	80.79%	78.35%	80.76%	81.67%
Net Margin	20.57%	36.86%	39.16%	39.6%	26.15%	33.9%	33.38%	19.9%	28.98%	37.91%
Debt / Equity	0.01x	-	0.00x	0.01x	0.10x	0.08x	0.11x	0.21x	0.24x	0.27x
Interest Coverage	270.65x	1242.70x	3367.17x	2768.11x	1199.30x	-	2032.74x	156.45x	104.82x	97.03x
FCF Conversion	2.33x	1.58x	1.52x	1.32x	1.96x	1.33x	1.47x	2.18x	1.82x	1.46x
Revenue Growth	43.82%	54.16%	47.09%	37.35%	26.61%	21.6%	37.18%	-1.12%	15.69%	21.94%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Family of Apps	-	-	-	-	-	-	115.66B	114.45B	133.01B	162.35B
Family of Apps Growth	-	-	-	-	-	-	-	-1.04%	16.21%	22.07%
Reality Labs	-	-	-	-	-	-	2.27B	2.16B	1.9B	2.15B
Reality Labs Growth	-	-	-	-	-	-	-	-5.06%	-12.18%	13.19%
Advertising	-	-	-	55.01B	69.66B	84.17B	-	-	-	-
Advertising Growth	-	-	-	-	26.62%	20.84%	-	-	-	-
Service, Other	-	-	-	-	1.04B	1.8B	-	-	-	-
Service, Other Growth	-	-	-	-	-	72.36%	-	-	-	-
Payments and Other Fees	-	-	-	825M	-	-	-	-	-	-
Payments and Other Fees Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
US & Canada	-	-	-	25.73B	32.21B	38.43B	51.54B	50.15B	52.89B	63.21B
US & Canada Growth	-	-	-	-	25.18%	19.33%	34.11%	-2.70%	5.46%	19.51%
Asia Pacific	-	-	-	11.73B	15.41B	19.85B	26.74B	27.76B	36.15B	45.01B
Asia Pacific Growth	-	-	-	-	31.30%	28.83%	34.72%	3.82%	30.24%	24.49%
Europe	-	-	-	13.63B	16.83B	20.35B	29.06B	26.68B	31.21B	38.36B
Europe Growth	-	-	-	-	23.44%	20.94%	42.79%	-8.18%	16.97%	22.91%
Rest Of World	9.41B	15.06B	22.92B	4.75B	6.26B	7.33B	10.59B	12.02B	14.65B	17.92B
Rest Of World Growth	-	59.95%	52.19%	-79.29%	31.85%	17.19%	44.40%	13.46%	21.90%	22.35%
UNITED STATES	8.51B	12.58B	17.73B	-	-	-	-	-	-	-
UNITED STATES Growth	-	47.76%	40.98%	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Meta Platforms, Inc. (META) has a price-to-earnings (P/E) ratio of 26.4x. This suggests investors expect higher future growth.

Growth & Financials

Meta Platforms, Inc. (META) reported $189.46B in revenue for fiscal year 2024. This represents a 5005% increase from $3.71B in 2011.

Meta Platforms, Inc. (META) grew revenue by 21.9% over the past year. This is strong growth.

Yes, Meta Platforms, Inc. (META) is profitable, generating $58.53B in net income for fiscal year 2024 (37.9% net margin).

Dividend & Returns

Yes, Meta Platforms, Inc. (META) pays a dividend with a yield of 0.31%. This makes it attractive for income-focused investors.

Meta Platforms, Inc. (META) has a return on equity (ROE) of 37.1%. This is excellent, indicating efficient use of shareholder capital.

Meta Platforms, Inc. (META) generated $44.84B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

...