Meta Platforms, Inc. (META) Financial Ratios
16 years of historical data (2010–2025) · Technology · Internet Content & Information
EV/EBITDA
↓
15.52
-0% vs avg
5yr avg: 15.54
30Y Low9.0·High71.7
P/FCF
↑
33.25
↑+30% vs avg
5yr avg: 25.61
30Y Low17.1·High57.3
P/B Ratio
↑
7.17
+10% vs avg
5yr avg: 6.51
30Y Low2.6·High8.9
ROE
↓
30.2%
↓+4% vs avg
5yr avg: 29.0%
30Y Low1%·High37%
Debt/EBITDA
↑
0.82
↑+37% vs avg
5yr avg: 0.60
30Y Low0.0·High2.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
META Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Meta Platforms, Inc. trades at 25.8x earnings, 12% above its 5-year average of 23.0x, sitting at the 38th percentile of its historical range. This is roughly in line with the Technology sector median P/E of 26.7x. On a free-cash-flow basis, the stock trades at 33.2x P/FCF, 30% above the 5-year average of 25.6x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.53T | $1.70T | $1.53T | $930.6B | $325.2B | $961.6B | $788.9B | $590.3B | $382.9B | $521.6B | $336.5B |
| Enterprise Value | $1.58T | $1.75T | $1.54T | $925.9B | $337.1B | $958.9B | $782.0B | $581.8B | $373.4B | $513.9B | $327.6B |
| P/E Ratio → | 25.75 | 28.10 | 24.54 | 23.80 | 14.01 | 24.43 | 27.07 | 31.92 | 17.32 | 32.74 | 32.97 |
| P/S Ratio | 7.63 | 8.45 | 9.30 | 6.90 | 2.79 | 8.15 | 9.18 | 8.35 | 6.86 | 12.83 | 12.18 |
| P/B Ratio | 7.17 | 7.82 | 8.38 | 6.08 | 2.59 | 7.70 | 6.15 | 5.84 | 4.55 | 7.02 | 5.69 |
| P/FCF | 33.25 | 36.85 | 28.31 | 21.22 | 17.07 | 24.58 | 33.38 | 27.83 | 24.93 | 29.84 | 28.97 |
| P/OCF | 13.24 | 14.67 | 16.76 | 13.09 | 6.44 | 16.67 | 20.36 | 16.26 | 13.08 | 21.54 | 20.89 |
P/E links to full P/E history page with 30-year chart
META EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Meta Platforms, Inc.'s enterprise value stands at 15.5x EBITDA, roughly in line with its 5-year average of 15.5x. The Technology sector median is 17.5x, placing the stock at a 11% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 8.69 | 9.34 | 6.86 | 2.89 | 8.13 | 9.10 | 8.23 | 6.69 | 12.64 | 11.85 |
| EV / EBITDA | 15.52 | 17.15 | 18.09 | 15.98 | 8.96 | 17.52 | 19.78 | 19.57 | 12.78 | 22.12 | 22.18 |
| EV / EBIT | 18.99 | 20.33 | 21.51 | 19.34 | 11.62 | 20.27 | 23.93 | 20.07 | 14.99 | 24.95 | 26.36 |
| EV / FCF | — | 37.89 | 28.40 | 21.12 | 17.70 | 24.51 | 33.09 | 27.43 | 24.31 | 29.39 | 28.20 |
META Profitability
Margins and return-on-capital ratios measuring operating efficiency
Meta Platforms, Inc. earns an operating margin of 41.4%. Operating margins have expanded from 34.7% to 41.4% over the past 3 years, signaling improving operational efficiency. Return on equity of 30.2% is exceptionally high. ROIC of 27.6% represents excellent returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 82.0% | 82.0% | 81.7% | 80.8% | 78.3% | 80.8% | 80.6% | 81.9% | 83.2% | 86.6% | 86.3% |
| Operating Margin | 41.4% | 41.4% | 42.2% | 34.7% | 24.8% | 39.6% | 38.0% | 33.9% | 44.6% | 49.7% | 45.0% |
| Net Profit Margin | 30.1% | 30.1% | 37.9% | 29.0% | 19.9% | 33.4% | 33.9% | 26.1% | 39.6% | 39.2% | 36.9% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 30.2% | 30.2% | 37.1% | 28.0% | 18.5% | 31.1% | 25.4% | 20.0% | 27.9% | 23.8% | 19.7% |
| ROA | 18.8% | 18.8% | 24.7% | 18.8% | 13.2% | 24.2% | 19.9% | 16.0% | 24.3% | 21.3% | 17.8% |
| ROIC | 27.6% | 27.6% | 30.9% | 24.5% | 16.7% | 28.8% | 22.9% | 21.5% | 26.5% | 25.9% | 20.7% |
| ROCE | 29.4% | 29.4% | 31.5% | 26.2% | 19.1% | 32.3% | 24.9% | 23.0% | 29.1% | 28.3% | 22.7% |
META Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Meta Platforms, Inc. carries a Debt/EBITDA ratio of 0.8x, which is very conservative (71% below the sector average of 2.9x). Net debt stands at $48.0B ($83.9B total debt minus $35.9B cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.39 | 0.39 | 0.27 | 0.24 | 0.21 | 0.11 | 0.08 | 0.10 | 0.01 | 0.00 | — |
| Debt / EBITDA | 0.82 | 0.82 | 0.58 | 0.64 | 0.71 | 0.25 | 0.27 | 0.36 | 0.02 | 0.01 | — |
| Net Debt / Equity | — | 0.22 | 0.03 | -0.03 | 0.09 | -0.02 | -0.05 | -0.08 | -0.11 | -0.10 | -0.15 |
| Net Debt / EBITDA | 0.47 | 0.47 | 0.06 | -0.08 | 0.32 | -0.05 | -0.18 | -0.29 | -0.33 | -0.33 | -0.60 |
| Debt / FCF | — | 1.04 | 0.10 | -0.11 | 0.63 | -0.07 | -0.29 | -0.40 | -0.62 | -0.44 | -0.77 |
| Interest Coverage | — | — | 99.83 | 107.34 | 156.78 | 2056.83 | — | 1449.30 | 2768.11 | 3433.33 | 1242.70 |
META Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Meta Platforms, Inc.'s current ratio of 2.60x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has declined from 2.67x to 2.60x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.60 | 2.60 | 2.98 | 2.67 | 2.20 | 3.15 | 5.05 | 4.40 | 7.19 | 12.92 | 11.97 |
| Quick Ratio | 2.60 | 2.60 | 2.98 | 2.67 | 2.20 | 3.15 | 5.05 | 4.40 | 7.19 | 12.92 | 11.97 |
| Cash Ratio | 1.95 | 1.95 | 2.32 | 2.05 | 1.51 | 2.27 | 4.14 | 3.64 | 5.86 | 11.09 | 10.24 |
| Asset Turnover | — | 0.55 | 0.60 | 0.59 | 0.63 | 0.71 | 0.54 | 0.53 | 0.57 | 0.48 | 0.43 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 35.91 | 37.71 | 43.75 | 42.15 | 43.45 | 48.13 | 49.14 | 49.59 | 52.36 | 52.73 |
META Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Meta Platforms, Inc. returns 2.1% to shareholders annually — split between a 0.3% dividend yield and 1.7% buyback yield. The payout ratio of 8.8% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 3.9% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.3% | 0.3% | 0.3% | — | — | — | — | — | — | — | — |
| Payout Ratio | 8.8% | 8.8% | 8.1% | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.9% | 3.6% | 4.1% | 4.2% | 7.1% | 4.1% | 3.7% | 3.1% | 5.8% | 3.1% | 3.0% |
| FCF Yield | 3.0% | 2.7% | 3.5% | 4.7% | 5.9% | 4.1% | 3.0% | 3.6% | 4.0% | 3.4% | 3.5% |
| Buyback Yield | 1.7% | 1.5% | 2.0% | 2.1% | 8.6% | 4.6% | 0.8% | 0.7% | 3.4% | 0.4% | 0.0% |
| Total Shareholder Yield | 2.1% | 1.9% | 2.3% | 2.1% | 8.6% | 4.6% | 0.8% | 0.7% | 3.4% | 0.4% | 0.0% |
| Shares Outstanding | — | $2.6B | $2.6B | $2.6B | $2.7B | $2.9B | $2.9B | $2.9B | $2.9B | $3.0B | $2.9B |
Peer Comparison
Compare META with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 METAYou | $1.5T | 25.8 | 15.5 | 33.2 | 82.0% | 41.4% | 30.2% | 27.6% | 0.8 |
 GOOGL | $4.7T | 35.9 | 31.5 | 64.1 | 59.7% | 32.1% | 35.7% | 25.1% | 0.4 |
 SNAP | $10B | -21.8 | — | 24.0 | 55.0% | -9.0% | -19.5% | -10.6% | — |
 PINS | $15B | 36.5 | 41.5 | 12.0 | 80.1% | 7.6% | 8.8% | 6.1% | 0.8 |
 RDDT | $33B | 65.5 | 69.8 | 48.1 | 91.2% | 20.1% | 20.9% | 18.4% | 0.1 |
 MTCH | $9B | 15.8 | 12.0 | 8.6 | 72.8% | 25.0% | — | 23.7% | 4.1 |
 IAC | $3B | -31.1 | 13.9 | 69.1 | 66.8% | -4.1% | -1.9% | -1.2% | 5.5 |
 NFLX | $372B | 34.7 | 12.6 | 39.4 | 48.5% | 29.5% | 42.8% | 29.8% | 0.5 |
 SPOT | $86B | 34.0 | 30.7 | 25.6 | 32.0% | 12.8% | 31.9% | 40.5% | 1.0 |
 TTD | $12B | 27.0 | 16.3 | 14.7 | 78.6% | 20.3% | 16.3% | 21.3% | 0.6 |
 DV | $2B | 38.2 | 12.5 | 10.7 | 82.2% | 10.6% | 4.6% | 6.4% | 0.7 |
| Technology Median | — | 26.7 | 17.5 | 19.5 | 48.9% | -0.6% | 2.5% | 3.0% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 16 years · Updated daily
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Start ComparisonMETA — Frequently Asked Questions
Quick answers to the most common questions about buying META stock.
What is Meta Platforms, Inc.'s P/E ratio?
Meta Platforms, Inc.'s current P/E ratio is 25.8x. The historical average is 38.5x. This places it at the 38th percentile of its historical range.
What is Meta Platforms, Inc.'s EV/EBITDA?
Meta Platforms, Inc.'s current EV/EBITDA is 15.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 25.0x.
What is Meta Platforms, Inc.'s ROE?
Meta Platforms, Inc.'s return on equity (ROE) is 30.2%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 21.2%.
Is META stock overvalued?
Based on historical data, Meta Platforms, Inc. is trading at a P/E of 25.8x. This is at the 38th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Meta Platforms, Inc.'s dividend yield?
Meta Platforms, Inc.'s current dividend yield is 0.34% with a payout ratio of 8.8%.
What are Meta Platforms, Inc.'s profit margins?
Meta Platforms, Inc. has 82.0% gross margin and 41.4% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Meta Platforms, Inc. have?
Meta Platforms, Inc.'s Debt/EBITDA ratio is 0.8x, indicating low leverage. A ratio below 2x is generally considered financially healthy.