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 23.7x P/FCF, 92% 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 | $10.4B | $13.9B | $17.9B | $27.3B | $14.4B | $73.3B | $72.9B | $22.5B | $7.2B | $17.0B | — |
| Enterprise Value | $14.0B | $17.6B | $21.1B | $29.9B | $17.1B | $74.0B | $74.3B | $23.2B | $6.8B | $16.7B | — |
| P/E Ratio → | -22.70 | — | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 1.75 | 2.34 | 3.33 | 5.93 | 3.13 | 17.81 | 29.08 | 13.09 | 6.07 | 20.65 | — |
| P/B Ratio | 4.62 | 6.09 | 7.29 | 11.31 | 5.58 | 19.34 | 31.28 | 9.94 | 3.10 | 5.69 | — |
| P/FCF | 23.68 | 31.76 | 81.72 | 784.61 | 260.26 | 328.78 | — | — | — | — | — |
| P/OCF | 15.78 | 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 | — | 2.96 | 3.93 | 6.48 | 3.73 | 17.96 | 29.66 | 13.51 | 5.74 | 20.27 | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | 40.15 | 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 | -6.9% | -6.9% | -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
Net debt stands at $3.7B ($4.7B total debt minus $1.0B 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 | 2.06 | 2.06 | 1.73 | 1.80 | 1.62 | 0.69 | 0.86 | 0.55 | — | 0.01 | 0.01 |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | 1.61 | 1.30 | 1.06 | 1.07 | 0.17 | 0.63 | 0.32 | -0.17 | -0.11 | -0.09 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| Debt / FCF | — | 8.40 | 14.62 | 73.71 | 49.76 | 2.86 | — | — | — | — | — |
| Interest Coverage | -3.70 | -3.70 | -30.19 | -57.77 | -64.27 | -25.84 | -8.53 | -40.34 | -320.87 | -1001.14 | -365.38 |
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 26.5% 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 | 4.2% | 3.1% | 1.2% | 0.1% | 0.4% | 0.3% | — | — | — | — | — |
| Buyback Yield | 26.5% | 19.8% | 1.7% | 0.7% | 7.0% | 0.0% | 0.0% | 0.0% | 0.0% | 2.3% | — |
| Total Shareholder Yield | 26.5% | 19.8% | 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 |
|---|---|---|---|---|---|---|---|---|---|
| $10B | -22.7 | — | 23.7 | 55.0% | -9.0% | -19.5% | -6.9% | — | |
| $1.6T | 26.1 | 15.7 | 33.7 | 82.0% | 41.4% | 30.2% | 27.6% | 0.8 | |
| $14B | 34.7 | 38.7 | 11.2 | 80.1% | 7.6% | 8.8% | 6.1% | 0.8 | |
| $32B | 63.5 | 67.6 | 46.6 | 91.2% | 20.1% | 20.9% | 18.4% | 0.1 | |
| $378M | -0.5 | 2.8 | 1.6 | 68.3% | 26.3% | -69.6% | 13.4% | 2.1 | |
| $4.8T | 36.8 | 32.2 | 65.7 | 59.7% | 32.1% | 35.7% | 25.1% | 0.4 | |
| $9B | 16.0 | 12.0 | 8.6 | 72.8% | 25.0% | — | 23.7% | 4.1 | |
| $3B | -31.8 | 14.0 | 70.1 | 66.8% | -4.1% | -1.9% | -1.2% | 5.5 | |
| $11B | 26.4 | 15.9 | 14.3 | 78.6% | 20.3% | 16.3% | 21.3% | 0.6 | |
| $2B | 14.1 | 10.8 | 11.6 | 62.7% | 13.7% | 17.1% | 9.5% | 1.8 | |
| $2B | 37.2 | 12.1 | 10.5 | 82.2% | 10.6% | 4.6% | 6.4% | 0.7 | |
| Communication Services Median | — | 15.5 | 8.7 | 11.6 | 49.1% | 0.9% | 2.2% | 3.3% | 3.4 |
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Includes 30+ ratios · 11 years · Updated daily
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Start ComparisonQuick answers to the most common questions about buying SNAP stock.
Snap Inc.'s current P/E ratio is -22.7x. 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 -22.7x. 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.