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

META •

TechnologyInternet ServicesSocial networking and messaging platforms

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 $200.97B +22.2%
EBITDA $101.89B +20.0%
Net Income $60.46B -3.1%
EPS (Diluted) 23.49 -1.6%
Gross Margin 82% +0.4%
EBITDA Margin 50.7% -1.7%
Operating Margin 41.44% -1.8%
Net Margin 30.08% -20.6%
ROE 30.24% -18.6%
ROIC 27.57% -10.9%
Debt/Equity 0.39 +43.8%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 31.8%
✓Strong 5Y profit CAGR of 15.7%
✓FCF machine: 22.9% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 18.5%
✓Healthy 5Y average net margin of 30.1%

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y27.34%

5Y18.51%

3Y19.89%

TTM22.17%

Profit (Net Income) CAGR

10Y32.27%

5Y15.71%

3Y37.61%

TTM-3.05%

EPS CAGR

10Y33.67%

5Y18.41%

3Y39.84%

TTM-1.8%

ROCE

10Y Avg26.65%

5Y Avg27.71%

3Y Avg29.05%

Latest29.39%

Peer Comparison

Social networking and messaging platforms

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
METAMeta Platforms, Inc.	222.33B	648.18	27.59	22.17%	30.08%	27.83%	20.74%	0.39

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Sales/Revenue+	27.64B	40.65B	55.84B	70.7B	85.97B	117.93B	116.61B	134.9B	164.5B	200.97B
Revenue Growth %	54.16%	47.09%	37.35%	26.61%	21.6%	37.18%	-1.12%	15.69%	21.94%	22.17%
Cost of Goods Sold+	3.79B	5.45B	9.36B	12.77B	16.69B	22.65B	25.25B	25.96B	30.16B	36.17B
COGS % of Revenue	13.71%	13.42%	16.75%	18.06%	19.42%	19.21%	21.65%	19.24%	18.33%	18%
Gross Profit+	23.85B	35.2B	46.48B	57.93B	69.27B	95.28B	91.36B	108.94B	134.34B	164.79B
Gross Margin %	86.29%	86.58%	83.25%	81.94%	80.58%	80.79%	78.35%	80.76%	81.67%	82%
Gross Profit Growth %	58.35%	47.59%	32.06%	24.62%	19.59%	37.54%	-4.11%	19.25%	23.31%	22.67%
Operating Expenses+	11.42B	15B	21.57B	33.94B	36.6B	48.53B	62.42B	62.19B	64.96B	81.52B
OpEx % of Revenue	41.33%	36.89%	38.63%	48.01%	42.58%	41.15%	53.53%	46.1%	39.49%	40.56%
Selling, General & Admin	5.5B	7.24B	11.3B	20.34B	18.16B	23.87B	27.08B	23.71B	21.09B	24.14B
SG&A % of Revenue	19.91%	17.81%	20.23%	28.77%	21.12%	20.24%	23.22%	17.57%	12.82%	12.01%
Research & Development	5.92B	7.75B	10.27B	13.6B	18.45B	24.66B	35.34B	38.48B	43.87B	57.37B
R&D % of Revenue	21.42%	19.07%	18.4%	19.24%	21.46%	20.91%	30.3%	28.53%	26.67%	28.55%
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	12.43B	20.2B	24.91B	23.99B	32.67B	46.75B	28.94B	46.75B	69.38B	83.28B
Operating Margin %	44.96%	49.7%	44.62%	33.93%	38.01%	39.65%	24.82%	34.66%	42.18%	41.44%
Operating Income Growth %	99.63%	62.57%	23.31%	-3.72%	36.21%	43.1%	-38.09%	61.52%	48.4%	20.03%
EBITDA+	14.77B	23.23B	29.23B	29.73B	39.53B	54.72B	37.63B	57.93B	84.88B	101.89B
EBITDA Margin %	53.44%	57.14%	52.34%	42.05%	45.99%	46.4%	32.27%	42.94%	51.6%	50.7%
EBITDA Growth %	80.77%	57.28%	25.83%	1.71%	32.99%	38.42%	-31.23%	53.94%	46.52%	20.05%
D&A (Non-Cash Add-back)	2.34B	3.02B	4.32B	5.74B	6.86B	7.97B	8.69B	11.18B	15.5B	18.62B
EBIT	12.43B	20.6B	24.91B	28.99B	32.67B	47.31B	29B	47.87B	71.38B	85.93B
Net Interest Income+	166M	392M	643M	884M	672M	461M	276M	1.19B	1.8B	2.66B
Interest Income	176M	398M	652M	904M	672M	484M	461M	1.64B	2.52B	2.66B
Interest Expense	10M	6M	9M	20M	0	23M	185M	446M	715M	0
Other Income/Expense	91M	391M	448M	826M	509M	531M	-125M	677M	1.28B	2.66B
Pretax Income+	12.52B	20.59B	25.36B	24.81B	33.18B	47.28B	28.82B	47.43B	70.66B	85.93B
Pretax Margin %	45.29%	50.66%	45.42%	35.1%	38.6%	40.1%	24.71%	35.16%	42.96%	42.76%
Income Tax+	2.3B	4.66B	3.25B	6.33B	4.03B	7.91B	5.62B	8.33B	8.3B	25.47B
Effective Tax Rate %	81.39%	77.3%	87.19%	74.5%	87.84%	83.26%	80.5%	82.44%	88.25%	70.36%
Net Income+	10.19B	15.92B	22.11B	18.48B	29.15B	39.37B	23.2B	39.1B	62.36B	60.46B
Net Margin %	36.86%	39.16%	39.6%	26.15%	33.9%	33.38%	19.9%	28.98%	37.91%	30.08%
Net Income Growth %	176.25%	56.26%	38.89%	-16.4%	57.67%	35.08%	-41.07%	68.53%	59.5%	-3.05%
Net Income (Continuing)	10.22B	15.93B	22.11B	18.48B	29.15B	39.37B	23.2B	39.1B	62.36B	60.46B
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)+	3.49	5.39	7.57	6.43	10.09	13.77	8.59	14.87	23.86	23.49
EPS Growth %	170.54%	54.44%	40.45%	-15.06%	56.92%	36.47%	-37.62%	73.11%	60.46%	-1.55%
EPS (Basic)	3.56	5.49	7.65	6.48	10.22	13.99	8.63	15.19	24.61	23.98
Diluted Shares Outstanding	2.92B	2.96B	2.92B	2.88B	2.89B	2.86B	2.7B	2.63B	2.61B	2.57B
Basic Shares Outstanding	2.92B	2.95B	2.89B	2.85B	2.85B	2.81B	2.69B	2.57B	2.53B	2.52B
Dividend Payout Ratio	-	-	-	-	-	-	-	-	8.13%	8.81%

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Current Assets+	34.4B	48.56B	50.48B	66.22B	75.67B	66.67B	59.55B	85.36B	100.05B	108.72B
Cash & Short-Term Investments	29.45B	41.71B	41.11B	54.85B	61.95B	48B	40.74B	65.4B	77.81B	81.59B
Cash Only	8.9B	8.08B	10.02B	19.08B	17.58B	16.6B	14.68B	41.86B	43.89B	35.87B
Short-Term Investments	20.55B	33.63B	31.09B	35.78B	44.38B	31.4B	26.06B	23.54B	33.93B	45.72B
Accounts Receivable	3.99B	5.83B	7.59B	9.52B	11.34B	14.04B	13.47B	16.17B	16.99B	19.77B
Days Sales Outstanding	52.73	52.36	49.59	49.14	48.13	43.45	42.15	43.75	37.71	35.91
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	0	0	10M	8M	241M	149M	5.34B	3.79B	5.24B	7.36B
Total Non-Current Assets+	30.56B	35.96B	46.85B	67.15B	83.65B	99.32B	126.18B	144.26B	176.01B	257.3B
Property, Plant & Equipment	8.59B	13.72B	24.68B	44.78B	54.98B	69.96B	92.19B	109.88B	136.27B	196.8B
Fixed Asset Turnover	3.22x	2.96x	2.26x	1.58x	1.56x	1.69x	1.26x	1.23x	1.21x	1.02x
Goodwill	18.12B	18.22B	18.3B	18.71B	19.05B	19.2B	20.31B	20.65B	20.65B	24.53B
Intangible Assets	2.54B	1.88B	1.29B	894M	623M	634M	897M	788M	915M	0
Long-Term Investments	0	0	0	86M	6.23B	6.78B	6.2B	6.14B	6.07B	27.52B
Other Non-Current Assets	1.31B	2.13B	2.58B	2.87B	2.76B	2.75B	6.58B	6.79B	12.1B	8.44B
Total Assets+	64.96B	84.52B	97.33B	133.38B	159.32B	165.99B	185.73B	229.62B	276.05B	366.02B
Asset Turnover	0.43x	0.48x	0.57x	0.53x	0.54x	0.71x	0.63x	0.59x	0.60x	0.55x
Asset Growth %	31.48%	30.11%	15.16%	37.03%	19.45%	4.19%	11.89%	23.63%	20.22%	32.59%
Total Current Liabilities+	2.88B	3.76B	7.02B	15.05B	14.98B	21.14B	27.03B	31.96B	33.6B	41.84B
Accounts Payable	302M	380M	820M	1.36B	1.33B	4.08B	4.99B	4.85B	7.69B	8.89B
Days Payables Outstanding	29.09	25.43	31.99	38.96	29.1	65.8	72.14	68.18	93.03	89.74
Short-Term Debt	0	340M	500M	277M	0	0	0	0	0	0
Deferred Revenue (Current)	90M	98M	147M	269M	382M	561M	0	0	0	0
Other Current Liabilities	1.72B	1.53B	2.99B	3.75B	6.08B	8.41B	9.5B	13.03B	12.42B	0
Current Ratio	11.97x	12.92x	7.19x	4.40x	5.05x	3.15x	2.20x	2.67x	2.98x	2.60x
Quick Ratio	11.97x	12.92x	7.19x	4.40x	5.05x	3.15x	2.20x	2.67x	2.98x	2.60x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	2.89B	6.42B	6.19B	17.27B	16.05B	19.97B	32.99B	44.49B	59.82B	106.94B
Long-Term Debt	0	0	0	0	0	0	9.92B	18.39B	28.83B	58.74B
Capital Lease Obligations	0	0	0	9.52B	9.63B	12.75B	15.3B	17.23B	18.29B	22.94B
Deferred Tax Liabilities	0	50M	673M	1.04B	0	0	5.49B	6.95B	0	21B
Other Non-Current Liabilities	2.89B	6.37B	5.52B	6.71B	6.41B	7.23B	7.76B	8.88B	12.7B	4.25B
Total Liabilities	5.77B	10.18B	13.21B	32.32B	31.03B	41.11B	60.01B	76.45B	93.42B	148.78B
Total Debt+	0	340M	500M	10.6B	10.65B	13.87B	26.59B	37.23B	49.06B	83.9B
Net Debt	-8.9B	-7.74B	-9.52B	-8.48B	-6.92B	-2.73B	11.91B	-4.63B	5.17B	48.02B
Debt / Equity	-	0.00x	0.01x	0.10x	0.08x	0.11x	0.21x	0.24x	0.27x	0.39x
Debt / EBITDA	-	0.01x	0.02x	0.36x	0.27x	0.25x	0.71x	0.64x	0.58x	0.82x
Net Debt / EBITDA	-0.60x	-0.33x	-0.33x	-0.29x	-0.18x	-0.05x	0.32x	-0.08x	0.06x	0.47x
Interest Coverage	1242.70x	3367.17x	2768.11x	1199.30x	-	2032.74x	156.45x	104.82x	97.03x	-
Total Equity+	59.19B	74.35B	84.13B	101.05B	128.29B	124.88B	125.71B	153.17B	182.64B	217.24B
Equity Growth %	33.87%	25.6%	13.15%	20.12%	26.95%	-2.66%	0.67%	21.84%	19.24%	18.95%
Book Value per Share	20.24	25.15	28.80	35.14	44.42	43.68	46.53	58.26	69.87	84.40
Total Shareholders' Equity	59.19B	74.35B	84.13B	101.05B	128.29B	124.88B	125.71B	153.17B	182.64B	217.24B
Common Stock	0	0	0	0	0	0	0	0	0	0
Retained Earnings	21.67B	33.99B	41.98B	55.69B	77.34B	69.76B	64.8B	82.07B	102.51B	121.18B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-703M	-227M	-760M	-489M	927M	-693M	-3.53B	-2.15B	-3.1B	271M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from Operations+	16.11B	24.22B	29.27B	36.31B	38.75B	57.68B	50.48B	71.11B	91.33B	115.8B
Operating CF Margin %	58.28%	59.57%	52.43%	51.37%	45.07%	48.91%	43.29%	52.71%	55.52%	57.62%
Operating CF Growth %	87.32%	50.34%	20.89%	24.05%	6.7%	48.87%	-12.5%	40.89%	28.43%	26.8%
Net Income	10.22B	15.93B	22.11B	18.48B	29.15B	39.37B	23.2B	39.1B	62.36B	60.46B
Depreciation & Amortization	2.34B	3.02B	4.32B	5.74B	6.86B	7.97B	8.69B	11.18B	15.5B	18.62B
Stock-Based Compensation	3.22B	3.72B	4.15B	4.84B	6.54B	9.16B	11.99B	14.03B	16.69B	20.43B
Deferred Taxes	-457M	-377M	286M	-37M	-1.19B	609M	-3.29B	131M	-4.74B	18.74B
Other Non-Cash Items	30M	24M	-64M	39M	118M	-127M	4.2B	2.84B	470M	-1.55B
Working Capital Changes	758M	1.89B	-1.53B	7.25B	-2.72B	700M	5.68B	3.84B	1.05B	-885M
Change in Receivables	-1.49B	-1.61B	-1.89B	-1.96B	-1.51B	-3.11B	231M	-2.4B	-1.49B	-1.81B
Change in Inventory	0	0	91M	8.97B	-1.3B	0	0	0	0	0
Change in Payables	14M	43M	221M	113M	-17M	1.44B	210M	51M	373M	-14M
Cash from Investing+	-11.74B	-20.04B	-11.6B	-19.86B	-30.06B	-7.57B	-28.97B	-24.5B	-47.15B	-102B
Capital Expenditures	-4.49B	-6.73B	-13.91B	-15.1B	-15.12B	-18.57B	-31.43B	-27.27B	-37.26B	-69.69B
CapEx % of Revenue	16.25%	16.56%	24.92%	21.36%	17.58%	15.74%	26.95%	20.21%	22.65%	34.68%
Acquisitions	-123M	-122M	-137M	-508M	-6.75B	-898M	-1.31B	-629M	-270M	-4.23B
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	61M	67M	-25M	-61M	-36M	-284M	246M	198M	129M	304M
Cash from Financing+	-310M	-5.24B	-15.57B	-7.3B	-10.29B	-50.73B	-22.14B	-19.5B	-40.78B	-20.37B
Debt Issued (Net)	-312M	0	500M	-775M	-580M	-663M	9.07B	7.4B	8.46B	27.38B
Equity Issued (Net)	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Dividends Paid	0	0	0	0	0	0	0	0	-5.07B	-5.32B
Share Repurchases	-6M	-1.98B	-12.88B	-4.2B	-6.27B	-44.54B	-27.96B	-19.77B	-30.13B	-26.25B
Other Financing	8M	-3.26B	15M	15M	-3.44B	-5.53B	344M	-111M	-14.05B	-16.18B
Net Change in Cash	4B	-824M	1.92B	9.15B	-1.32B	-1.09B	-1.27B	27.23B	2.61B	-6.34B
Free Cash Flow+	11.62B	17.48B	15.36B	21.21B	23.63B	39.12B	19.04B	43.85B	54.07B	46.11B
FCF Margin %	42.03%	43.01%	27.51%	30%	27.49%	33.17%	16.33%	32.5%	32.87%	22.94%
FCF Growth %	91.19%	50.5%	-12.15%	38.11%	11.41%	65.52%	-51.31%	130.24%	23.32%	-14.73%
FCF per Share	3.97	5.91	5.26	7.38	8.18	13.68	7.05	16.68	20.69	17.91
FCF Conversion (FCF/Net Income)	1.58x	1.52x	1.32x	1.96x	1.33x	1.47x	2.18x	1.82x	1.46x	1.92x
Interest Paid	11M	0	1M	0	0	0	0	448M	486M	0
Taxes Paid	1.21B	2.12B	3.76B	5.18B	4.23B	8.53B	6.41B	6.61B	10.55B	7.58B

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	19.7%	23.84%	27.91%	19.96%	25.42%	31.1%	18.52%	28.04%	37.14%	30.24%
Return on Invested Capital (ROIC)	20.73%	25.92%	26.46%	21.52%	22.91%	28.8%	16.71%	24.51%	30.94%	27.57%
Gross Margin	86.29%	86.58%	83.25%	81.94%	80.58%	80.79%	78.35%	80.76%	81.67%	82%
Net Margin	36.86%	39.16%	39.6%	26.15%	33.9%	33.38%	19.9%	28.98%	37.91%	30.08%
Debt / Equity	-	0.00x	0.01x	0.10x	0.08x	0.11x	0.21x	0.24x	0.27x	0.39x
Interest Coverage	1242.70x	3367.17x	2768.11x	1199.30x	-	2032.74x	156.45x	104.82x	97.03x	-
FCF Conversion	1.58x	1.52x	1.32x	1.96x	1.33x	1.47x	2.18x	1.82x	1.46x	1.92x
Revenue Growth	54.16%	47.09%	37.35%	26.61%	21.6%	37.18%	-1.12%	15.69%	21.94%	22.17%

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

META •

TechnologyInternet ServicesSocial networking and messaging platforms

Revenue $200.97B +22.2%
EBITDA $101.89B +20.0%
Net Income $60.46B -3.1%
EPS (Diluted) 23.49 -1.6%
Gross Margin 82% +0.4%
EBITDA Margin 50.7% -1.7%
Operating Margin 41.44% -1.8%
Net Margin 30.08% -20.6%
ROE 30.24% -18.6%
ROIC 27.57% -10.9%
Debt/Equity 0.39 +43.8%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 31.8%
✓Strong 5Y profit CAGR of 15.7%
✓FCF machine: 22.9% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 18.5%
✓Healthy 5Y average net margin of 30.1%

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y27.34%

5Y18.51%

3Y19.89%

TTM22.17%

Profit (Net Income) CAGR

10Y32.27%

5Y15.71%

3Y37.61%

TTM-3.05%

EPS CAGR

10Y33.67%

5Y18.41%

3Y39.84%

TTM-1.8%

ROCE

10Y Avg26.65%

5Y Avg27.71%

3Y Avg29.05%

Latest29.39%

Peer Comparison

Social networking and messaging platforms

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
METAMeta Platforms, Inc.	222.33B	648.18	27.59	22.17%	30.08%	27.83%	20.74%	0.39

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Sales/Revenue+	27.64B	40.65B	55.84B	70.7B	85.97B	117.93B	116.61B	134.9B	164.5B	200.97B
Revenue Growth %	54.16%	47.09%	37.35%	26.61%	21.6%	37.18%	-1.12%	15.69%	21.94%	22.17%
Cost of Goods Sold+	3.79B	5.45B	9.36B	12.77B	16.69B	22.65B	25.25B	25.96B	30.16B	36.17B
COGS % of Revenue	13.71%	13.42%	16.75%	18.06%	19.42%	19.21%	21.65%	19.24%	18.33%	18%
Gross Profit+	23.85B	35.2B	46.48B	57.93B	69.27B	95.28B	91.36B	108.94B	134.34B	164.79B
Gross Margin %	86.29%	86.58%	83.25%	81.94%	80.58%	80.79%	78.35%	80.76%	81.67%	82%
Gross Profit Growth %	58.35%	47.59%	32.06%	24.62%	19.59%	37.54%	-4.11%	19.25%	23.31%	22.67%
Operating Expenses+	11.42B	15B	21.57B	33.94B	36.6B	48.53B	62.42B	62.19B	64.96B	81.52B
OpEx % of Revenue	41.33%	36.89%	38.63%	48.01%	42.58%	41.15%	53.53%	46.1%	39.49%	40.56%
Selling, General & Admin	5.5B	7.24B	11.3B	20.34B	18.16B	23.87B	27.08B	23.71B	21.09B	24.14B
SG&A % of Revenue	19.91%	17.81%	20.23%	28.77%	21.12%	20.24%	23.22%	17.57%	12.82%	12.01%
Research & Development	5.92B	7.75B	10.27B	13.6B	18.45B	24.66B	35.34B	38.48B	43.87B	57.37B
R&D % of Revenue	21.42%	19.07%	18.4%	19.24%	21.46%	20.91%	30.3%	28.53%	26.67%	28.55%
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	12.43B	20.2B	24.91B	23.99B	32.67B	46.75B	28.94B	46.75B	69.38B	83.28B
Operating Margin %	44.96%	49.7%	44.62%	33.93%	38.01%	39.65%	24.82%	34.66%	42.18%	41.44%
Operating Income Growth %	99.63%	62.57%	23.31%	-3.72%	36.21%	43.1%	-38.09%	61.52%	48.4%	20.03%
EBITDA+	14.77B	23.23B	29.23B	29.73B	39.53B	54.72B	37.63B	57.93B	84.88B	101.89B
EBITDA Margin %	53.44%	57.14%	52.34%	42.05%	45.99%	46.4%	32.27%	42.94%	51.6%	50.7%
EBITDA Growth %	80.77%	57.28%	25.83%	1.71%	32.99%	38.42%	-31.23%	53.94%	46.52%	20.05%
D&A (Non-Cash Add-back)	2.34B	3.02B	4.32B	5.74B	6.86B	7.97B	8.69B	11.18B	15.5B	18.62B
EBIT	12.43B	20.6B	24.91B	28.99B	32.67B	47.31B	29B	47.87B	71.38B	85.93B
Net Interest Income+	166M	392M	643M	884M	672M	461M	276M	1.19B	1.8B	2.66B
Interest Income	176M	398M	652M	904M	672M	484M	461M	1.64B	2.52B	2.66B
Interest Expense	10M	6M	9M	20M	0	23M	185M	446M	715M	0
Other Income/Expense	91M	391M	448M	826M	509M	531M	-125M	677M	1.28B	2.66B
Pretax Income+	12.52B	20.59B	25.36B	24.81B	33.18B	47.28B	28.82B	47.43B	70.66B	85.93B
Pretax Margin %	45.29%	50.66%	45.42%	35.1%	38.6%	40.1%	24.71%	35.16%	42.96%	42.76%
Income Tax+	2.3B	4.66B	3.25B	6.33B	4.03B	7.91B	5.62B	8.33B	8.3B	25.47B
Effective Tax Rate %	81.39%	77.3%	87.19%	74.5%	87.84%	83.26%	80.5%	82.44%	88.25%	70.36%
Net Income+	10.19B	15.92B	22.11B	18.48B	29.15B	39.37B	23.2B	39.1B	62.36B	60.46B
Net Margin %	36.86%	39.16%	39.6%	26.15%	33.9%	33.38%	19.9%	28.98%	37.91%	30.08%
Net Income Growth %	176.25%	56.26%	38.89%	-16.4%	57.67%	35.08%	-41.07%	68.53%	59.5%	-3.05%
Net Income (Continuing)	10.22B	15.93B	22.11B	18.48B	29.15B	39.37B	23.2B	39.1B	62.36B	60.46B
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)+	3.49	5.39	7.57	6.43	10.09	13.77	8.59	14.87	23.86	23.49
EPS Growth %	170.54%	54.44%	40.45%	-15.06%	56.92%	36.47%	-37.62%	73.11%	60.46%	-1.55%
EPS (Basic)	3.56	5.49	7.65	6.48	10.22	13.99	8.63	15.19	24.61	23.98
Diluted Shares Outstanding	2.92B	2.96B	2.92B	2.88B	2.89B	2.86B	2.7B	2.63B	2.61B	2.57B
Basic Shares Outstanding	2.92B	2.95B	2.89B	2.85B	2.85B	2.81B	2.69B	2.57B	2.53B	2.52B
Dividend Payout Ratio	-	-	-	-	-	-	-	-	8.13%	8.81%

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Current Assets+	34.4B	48.56B	50.48B	66.22B	75.67B	66.67B	59.55B	85.36B	100.05B	108.72B
Cash & Short-Term Investments	29.45B	41.71B	41.11B	54.85B	61.95B	48B	40.74B	65.4B	77.81B	81.59B
Cash Only	8.9B	8.08B	10.02B	19.08B	17.58B	16.6B	14.68B	41.86B	43.89B	35.87B
Short-Term Investments	20.55B	33.63B	31.09B	35.78B	44.38B	31.4B	26.06B	23.54B	33.93B	45.72B
Accounts Receivable	3.99B	5.83B	7.59B	9.52B	11.34B	14.04B	13.47B	16.17B	16.99B	19.77B
Days Sales Outstanding	52.73	52.36	49.59	49.14	48.13	43.45	42.15	43.75	37.71	35.91
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	0	0	10M	8M	241M	149M	5.34B	3.79B	5.24B	7.36B
Total Non-Current Assets+	30.56B	35.96B	46.85B	67.15B	83.65B	99.32B	126.18B	144.26B	176.01B	257.3B
Property, Plant & Equipment	8.59B	13.72B	24.68B	44.78B	54.98B	69.96B	92.19B	109.88B	136.27B	196.8B
Fixed Asset Turnover	3.22x	2.96x	2.26x	1.58x	1.56x	1.69x	1.26x	1.23x	1.21x	1.02x
Goodwill	18.12B	18.22B	18.3B	18.71B	19.05B	19.2B	20.31B	20.65B	20.65B	24.53B
Intangible Assets	2.54B	1.88B	1.29B	894M	623M	634M	897M	788M	915M	0
Long-Term Investments	0	0	0	86M	6.23B	6.78B	6.2B	6.14B	6.07B	27.52B
Other Non-Current Assets	1.31B	2.13B	2.58B	2.87B	2.76B	2.75B	6.58B	6.79B	12.1B	8.44B
Total Assets+	64.96B	84.52B	97.33B	133.38B	159.32B	165.99B	185.73B	229.62B	276.05B	366.02B
Asset Turnover	0.43x	0.48x	0.57x	0.53x	0.54x	0.71x	0.63x	0.59x	0.60x	0.55x
Asset Growth %	31.48%	30.11%	15.16%	37.03%	19.45%	4.19%	11.89%	23.63%	20.22%	32.59%
Total Current Liabilities+	2.88B	3.76B	7.02B	15.05B	14.98B	21.14B	27.03B	31.96B	33.6B	41.84B
Accounts Payable	302M	380M	820M	1.36B	1.33B	4.08B	4.99B	4.85B	7.69B	8.89B
Days Payables Outstanding	29.09	25.43	31.99	38.96	29.1	65.8	72.14	68.18	93.03	89.74
Short-Term Debt	0	340M	500M	277M	0	0	0	0	0	0
Deferred Revenue (Current)	90M	98M	147M	269M	382M	561M	0	0	0	0
Other Current Liabilities	1.72B	1.53B	2.99B	3.75B	6.08B	8.41B	9.5B	13.03B	12.42B	0
Current Ratio	11.97x	12.92x	7.19x	4.40x	5.05x	3.15x	2.20x	2.67x	2.98x	2.60x
Quick Ratio	11.97x	12.92x	7.19x	4.40x	5.05x	3.15x	2.20x	2.67x	2.98x	2.60x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	2.89B	6.42B	6.19B	17.27B	16.05B	19.97B	32.99B	44.49B	59.82B	106.94B
Long-Term Debt	0	0	0	0	0	0	9.92B	18.39B	28.83B	58.74B
Capital Lease Obligations	0	0	0	9.52B	9.63B	12.75B	15.3B	17.23B	18.29B	22.94B
Deferred Tax Liabilities	0	50M	673M	1.04B	0	0	5.49B	6.95B	0	21B
Other Non-Current Liabilities	2.89B	6.37B	5.52B	6.71B	6.41B	7.23B	7.76B	8.88B	12.7B	4.25B
Total Liabilities	5.77B	10.18B	13.21B	32.32B	31.03B	41.11B	60.01B	76.45B	93.42B	148.78B
Total Debt+	0	340M	500M	10.6B	10.65B	13.87B	26.59B	37.23B	49.06B	83.9B
Net Debt	-8.9B	-7.74B	-9.52B	-8.48B	-6.92B	-2.73B	11.91B	-4.63B	5.17B	48.02B
Debt / Equity	-	0.00x	0.01x	0.10x	0.08x	0.11x	0.21x	0.24x	0.27x	0.39x
Debt / EBITDA	-	0.01x	0.02x	0.36x	0.27x	0.25x	0.71x	0.64x	0.58x	0.82x
Net Debt / EBITDA	-0.60x	-0.33x	-0.33x	-0.29x	-0.18x	-0.05x	0.32x	-0.08x	0.06x	0.47x
Interest Coverage	1242.70x	3367.17x	2768.11x	1199.30x	-	2032.74x	156.45x	104.82x	97.03x	-
Total Equity+	59.19B	74.35B	84.13B	101.05B	128.29B	124.88B	125.71B	153.17B	182.64B	217.24B
Equity Growth %	33.87%	25.6%	13.15%	20.12%	26.95%	-2.66%	0.67%	21.84%	19.24%	18.95%
Book Value per Share	20.24	25.15	28.80	35.14	44.42	43.68	46.53	58.26	69.87	84.40
Total Shareholders' Equity	59.19B	74.35B	84.13B	101.05B	128.29B	124.88B	125.71B	153.17B	182.64B	217.24B
Common Stock	0	0	0	0	0	0	0	0	0	0
Retained Earnings	21.67B	33.99B	41.98B	55.69B	77.34B	69.76B	64.8B	82.07B	102.51B	121.18B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-703M	-227M	-760M	-489M	927M	-693M	-3.53B	-2.15B	-3.1B	271M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from Operations+	16.11B	24.22B	29.27B	36.31B	38.75B	57.68B	50.48B	71.11B	91.33B	115.8B
Operating CF Margin %	58.28%	59.57%	52.43%	51.37%	45.07%	48.91%	43.29%	52.71%	55.52%	57.62%
Operating CF Growth %	87.32%	50.34%	20.89%	24.05%	6.7%	48.87%	-12.5%	40.89%	28.43%	26.8%
Net Income	10.22B	15.93B	22.11B	18.48B	29.15B	39.37B	23.2B	39.1B	62.36B	60.46B
Depreciation & Amortization	2.34B	3.02B	4.32B	5.74B	6.86B	7.97B	8.69B	11.18B	15.5B	18.62B
Stock-Based Compensation	3.22B	3.72B	4.15B	4.84B	6.54B	9.16B	11.99B	14.03B	16.69B	20.43B
Deferred Taxes	-457M	-377M	286M	-37M	-1.19B	609M	-3.29B	131M	-4.74B	18.74B
Other Non-Cash Items	30M	24M	-64M	39M	118M	-127M	4.2B	2.84B	470M	-1.55B
Working Capital Changes	758M	1.89B	-1.53B	7.25B	-2.72B	700M	5.68B	3.84B	1.05B	-885M
Change in Receivables	-1.49B	-1.61B	-1.89B	-1.96B	-1.51B	-3.11B	231M	-2.4B	-1.49B	-1.81B
Change in Inventory	0	0	91M	8.97B	-1.3B	0	0	0	0	0
Change in Payables	14M	43M	221M	113M	-17M	1.44B	210M	51M	373M	-14M
Cash from Investing+	-11.74B	-20.04B	-11.6B	-19.86B	-30.06B	-7.57B	-28.97B	-24.5B	-47.15B	-102B
Capital Expenditures	-4.49B	-6.73B	-13.91B	-15.1B	-15.12B	-18.57B	-31.43B	-27.27B	-37.26B	-69.69B
CapEx % of Revenue	16.25%	16.56%	24.92%	21.36%	17.58%	15.74%	26.95%	20.21%	22.65%	34.68%
Acquisitions	-123M	-122M	-137M	-508M	-6.75B	-898M	-1.31B	-629M	-270M	-4.23B
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	61M	67M	-25M	-61M	-36M	-284M	246M	198M	129M	304M
Cash from Financing+	-310M	-5.24B	-15.57B	-7.3B	-10.29B	-50.73B	-22.14B	-19.5B	-40.78B	-20.37B
Debt Issued (Net)	-312M	0	500M	-775M	-580M	-663M	9.07B	7.4B	8.46B	27.38B
Equity Issued (Net)	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Dividends Paid	0	0	0	0	0	0	0	0	-5.07B	-5.32B
Share Repurchases	-6M	-1.98B	-12.88B	-4.2B	-6.27B	-44.54B	-27.96B	-19.77B	-30.13B	-26.25B
Other Financing	8M	-3.26B	15M	15M	-3.44B	-5.53B	344M	-111M	-14.05B	-16.18B
Net Change in Cash	4B	-824M	1.92B	9.15B	-1.32B	-1.09B	-1.27B	27.23B	2.61B	-6.34B
Free Cash Flow+	11.62B	17.48B	15.36B	21.21B	23.63B	39.12B	19.04B	43.85B	54.07B	46.11B
FCF Margin %	42.03%	43.01%	27.51%	30%	27.49%	33.17%	16.33%	32.5%	32.87%	22.94%
FCF Growth %	91.19%	50.5%	-12.15%	38.11%	11.41%	65.52%	-51.31%	130.24%	23.32%	-14.73%
FCF per Share	3.97	5.91	5.26	7.38	8.18	13.68	7.05	16.68	20.69	17.91
FCF Conversion (FCF/Net Income)	1.58x	1.52x	1.32x	1.96x	1.33x	1.47x	2.18x	1.82x	1.46x	1.92x
Interest Paid	11M	0	1M	0	0	0	0	448M	486M	0
Taxes Paid	1.21B	2.12B	3.76B	5.18B	4.23B	8.53B	6.41B	6.61B	10.55B	7.58B

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	19.7%	23.84%	27.91%	19.96%	25.42%	31.1%	18.52%	28.04%	37.14%	30.24%
Return on Invested Capital (ROIC)	20.73%	25.92%	26.46%	21.52%	22.91%	28.8%	16.71%	24.51%	30.94%	27.57%
Gross Margin	86.29%	86.58%	83.25%	81.94%	80.58%	80.79%	78.35%	80.76%	81.67%	82%
Net Margin	36.86%	39.16%	39.6%	26.15%	33.9%	33.38%	19.9%	28.98%	37.91%	30.08%
Debt / Equity	-	0.00x	0.01x	0.10x	0.08x	0.11x	0.21x	0.24x	0.27x	0.39x
Interest Coverage	1242.70x	3367.17x	2768.11x	1199.30x	-	2032.74x	156.45x	104.82x	97.03x	-
FCF Conversion	1.58x	1.52x	1.32x	1.96x	1.33x	1.47x	2.18x	1.82x	1.46x	1.92x
Revenue Growth	54.16%	47.09%	37.35%	26.61%	21.6%	37.18%	-1.12%	15.69%	21.94%	22.17%

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

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

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare META vs Peers

vs NVDA

Compare Top 3

Profit & Loss

Balance Sheet

Cash Flow

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Deep Dive Analysis

Valuation Overview

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Dividend History

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Financial Ratios