11 years of historical data (2015–2025) · Communication Services · Internet Content & Information
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Snap Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 2.7x P/FCF, 99% below the 5-year average of 297.4x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.2B | $13.9B | $17.9B | $27.3B | $14.4B | $73.3B | $72.9B | $22.5B | $7.2B | $17.0B | — |
| Enterprise Value | $797M | $13.5B | $21.1B | $29.9B | $17.1B | $74.0B | $74.3B | $23.2B | $6.8B | $16.7B | — |
| P/E Ratio → | -18.11 | — | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 0.20 | 2.34 | 3.33 | 5.93 | 3.13 | 17.81 | 29.08 | 13.09 | 6.07 | 20.65 | — |
| P/B Ratio | 3.82 | 6.09 | 7.29 | 11.31 | 5.58 | 19.34 | 31.28 | 9.94 | 3.10 | 5.69 | — |
| P/FCF | 2.69 | 31.76 | 81.72 | 784.61 | 260.26 | 328.78 | — | — | — | — | — |
| P/OCF | 1.79 | 21.16 | 43.22 | 110.74 | 77.97 | 250.34 | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.28 | 3.93 | 6.48 | 3.73 | 17.96 | 29.66 | 13.51 | 5.74 | 20.27 | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | 30.89 | 96.35 | 858.32 | 310.02 | 331.64 | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Snap Inc. earns an operating margin of -9.0%. Operating margins have expanded from -30.4% to -9.0% over the past 3 years, signaling improving operational efficiency. A negative ROE of -19.5% indicates the company is currently destroying shareholder equity.
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 | 55.0% | 55.0% | 53.9% | 54.1% | 60.6% | 57.5% | 52.8% | 47.8% | 32.3% | 13.0% | -11.7% |
| Operating Margin | -9.0% | -9.0% | -14.7% | -30.4% | -30.3% | -17.1% | -34.4% | -64.3% | -107.5% | -422.5% | -128.7% |
| Net Profit Margin | -7.8% | -7.8% | -13.0% | -28.7% | -31.1% | -11.9% | -37.7% | -60.3% | -106.4% | -417.6% | -127.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -19.5% | -19.5% | -28.7% | -53.0% | -44.9% | -15.9% | -41.2% | -45.2% | -47.4% | -152.7% | -45.1% |
| ROA | -5.9% | -5.9% | -8.8% | -16.5% | -18.4% | -7.8% | -20.9% | -30.7% | -40.9% | -133.9% | -38.7% |
| ROIC | -10.6% | -10.6% | -11.1% | -20.3% | -21.4% | -12.8% | -19.1% | -33.8% | -41.4% | -128.8% | -51.3% |
| ROCE | -8.1% | -8.1% | -11.6% | -20.5% | -20.7% | -12.7% | -21.9% | -37.2% | -46.2% | -150.2% | -44.3% |
Solvency and debt-coverage ratios — lower is generally safer
The company holds a net cash position — cash of $1.0B exceeds total debt of $653M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.29 | 0.29 | 1.73 | 1.80 | 1.62 | 0.69 | 0.86 | 0.55 | — | 0.01 | 0.01 |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.17 | 1.30 | 1.06 | 1.07 | 0.17 | 0.63 | 0.32 | -0.17 | -0.11 | -0.09 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| Debt / FCF | — | -0.86 | 14.62 | 73.71 | 49.76 | 2.86 | — | — | — | — | — |
| Interest Coverage | -5.98 | -5.98 | -36.53 | -63.49 | -65.02 | -39.72 | -8.87 | -44.14 | -325.74 | -1008.56 | -365.44 |
Net cash position: cash ($1.0B) exceeds total debt ($653M)
Short-term solvency ratios and asset-utilisation metrics
Snap Inc.'s current ratio of 3.56x 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 4.39x to 3.56x 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 | 3.56 | 3.56 | 3.95 | 4.39 | 4.32 | 5.70 | 5.00 | 5.29 | 5.73 | 6.84 | 7.53 |
| Quick Ratio | 3.56 | 3.56 | 3.95 | 4.39 | 4.32 | 5.70 | 5.00 | 5.29 | 5.73 | 6.84 | 7.53 |
| Cash Ratio | 2.29 | 2.29 | 2.72 | 3.12 | 3.24 | 4.34 | 3.80 | 4.23 | 4.37 | 5.90 | 6.30 |
| Asset Turnover | — | 0.77 | 0.68 | 0.58 | 0.57 | 0.55 | 0.50 | 0.43 | 0.43 | 0.24 | 0.23 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 84.44 | 91.80 | 101.29 | 93.84 | 94.76 | 108.38 | 104.72 | 109.76 | 123.65 | 146.78 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Snap Inc. returns 63.9% to shareholders annually primarily through share buybacks.
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 | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — | — | — |
| FCF Yield | 37.2% | 3.1% | 1.2% | 0.1% | 0.4% | 0.3% | — | — | — | — | — |
| Buyback Yield | 63.9% | 5.4% | 1.7% | 0.7% | 7.0% | 0.0% | 0.0% | 0.0% | 0.0% | 2.3% | — |
| Total Shareholder Yield | 63.9% | 5.4% | 1.7% | 0.7% | 7.0% | 0.0% | 0.0% | 0.0% | 0.0% | 2.3% | — |
| Shares Outstanding | — | $1.7B | $1.7B | $1.6B | $1.6B | $1.6B | $1.5B | $1.4B | $1.3B | $1.2B | $1.2B |
Compare SNAP 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 |
|---|---|---|---|---|---|---|---|---|---|
| SNAPYou | $1B | -18.1 | — | 2.7 | 55.0% | -9.0% | -19.5% | -10.6% | — |
| JOYY | $20B | -24.0 | — | 91.0 | 36.0% | -18.1% | -2.9% | -6.7% | — |
| RDDT | $8B | 57.1 | 14.9 | 11.3 | 91.2% | 20.1% | 20.9% | 18.4% | 0.1 |
| DJT | $3B | -4.6 | — | — | 82.9% | -5140.9% | -94.7% | -38.1% | — |
| MOMO | $2B | 8.1 | 10.0 | 11.4 | 39.0% | 14.5% | 8.9% | 11.2% | 2.9 |
| WB | $898M | 8.8 | 1.6 | 1.6 | 78.9% | 28.2% | 8.5% | 10.3% | 3.4 |
| NXDR | $220M | -12.3 | — | 37.3 | 84.1% | -27.9% | -12.3% | -12.7% | — |
| DOYU | $148M | -34.6 | — | — | 7.6% | -13.2% | -5.5% | -15.4% | — |
| ZH | $53M | -12.4 | — | — | 60.6% | -13.4% | -3.9% | -25.6% | — |
| ILLR | $43M | -0.1 | — | — | 6.2% | -572.3% | — | -164.1% | — |
| BODI | $20M | -0.7 | — | — | 68.6% | -15.8% | -129.2% | -88.0% | — |
| Communication Services Median | — | 14.8 | 7.4 | 10.0 | 50.8% | -0.5% | 2.6% | 1.6% | 3.6 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 11 years · Updated daily
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorSee our Bear / Base / Bull DCF models and intrinsic value estimates.
View ValuationSee how SNAP stacks up against sector leader JOYY Inc..
Start ComparisonSnap Inc.'s current P/E ratio is -18.1x. This places it at the 50th percentile of its historical range.
Snap Inc.'s return on equity (ROE) is -19.5%. The historical average is -49.3%.
Based on historical data, Snap Inc. is trading at a P/E of -18.1x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Snap Inc. has 55.0% gross margin and -9.0% operating margin.