Last 41 quarters of trend data · Communication Services · Internet Content & Information
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Snap Inc.'s quarterly P/E stands at 76.7x, down 84.9% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 91.1% YoY to 37.8x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -18.11 | 76.71 | — | — | — | 508.02 | — | — | — | — | — | — | — |
| — | -84.9% | — | — | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 0.20 | 2.02 | 2.17 | 2.71 | 2.71 | 2.97 | 3.24 | 5.52 | 3.96 | 5.10 | 3.05 | 4.44 | 4.48 |
| — | -31.9% | -33.0% | -51.0% | -31.5% | -41.7% | +6.4% | +24.2% | -11.7% | +88.0% | -12.9% | -7.8% | -67.3% | |
| P/B Ratio | 3.82 | 6.09 | 5.87 | 7.03 | 6.39 | 7.55 | 8.05 | 13.22 | 8.87 | 11.49 | 5.81 | 7.58 | 6.88 |
| — | -19.4% | -27.1% | -46.8% | -28.0% | -34.3% | +38.6% | +74.4% | +29.1% | +110.5% | +6.7% | +21.8% | -58.0% | |
| P/FCF | 2.69 | 16.88 | 35.00 | 152.93 | 32.29 | 25.35 | 61.93 | — | 124.74 | 62.57 | — | — | 42.83 |
| — | -33.4% | -43.5% | — | -74.1% | -59.5% | — | — | +191.2% | +39.2% | — | — | -68.8% | |
| EV / EBITDA | — | 37.81 | — | — | — | 426.85 | — | — | — | — | — | — | — |
| — | -91.1% | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBIT | — | 45.35 | — | — | — | 270.08 | — | — | — | — | — | — | — |
| — | -83.2% | — | — | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Snap Inc.'s operating margin was 2.9% in Q4 2025, up 11.4 pp QoQ and up 4.6 pp YoY. This marks the 3rd consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of -9.8% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 3.7% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 55.0% | 59.0% | 55.3% | 51.4% | 53.1% | 56.9% | 53.5% | 52.4% | 51.9% | 54.3% | 53.2% | 53.5% | 55.5% |
| — | +3.7% | +3.4% | -1.8% | +2.3% | +4.6% | +0.4% | -2.0% | -6.5% | -13.7% | -9.2% | -10.6% | -8.1% | |
| Operating Margin | -9.0% | 2.9% | -8.5% | -19.3% | -14.2% | -1.7% | -12.6% | -20.5% | -27.9% | -18.3% | -32.0% | -37.9% | -36.9% |
| — | +267.8% | +32.5% | +6.0% | +49.0% | +90.6% | +60.5% | +45.8% | +24.5% | +17.4% | +17.1% | -4.9% | -44.6% | |
| Net Margin | -7.8% | 2.6% | -6.9% | -19.5% | -10.2% | 0.6% | -11.2% | -20.1% | -25.5% | -18.2% | -31.0% | -35.3% | -33.2% |
| — | +350.7% | +38.5% | +2.9% | +59.9% | +103.2% | +64.0% | +43.1% | +23.2% | +17.8% | +2.7% | +7.0% | +1.8% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -19.5% | 2.0% | -4.8% | -12.0% | -5.9% | 0.4% | -7.2% | -11.8% | -13.4% | -10.1% | -14.7% | -14.8% | -12.7% |
| — | +413.5% | +32.7% | -1.2% | +56.3% | +103.9% | +51.4% | +20.2% | -5.4% | +3.9% | -30.0% | -23.2% | -30.3% | |
| ROA | -5.9% | 0.6% | -1.4% | -3.5% | -1.8% | 0.1% | -2.0% | -3.4% | -4.0% | -3.2% | -4.8% | -4.9% | -4.1% |
| — | +405.7% | +32.3% | -2.8% | +55.4% | +103.7% | +57.3% | +29.7% | +2.4% | +10.5% | -13.7% | -1.9% | +5.4% | |
| ROIC | -10.6% | 1.0% | -1.8% | -3.6% | -2.6% | -0.4% | -2.4% | -3.7% | -5.0% | -3.6% | -5.2% | -5.7% | -5.2% |
| — | +380.9% | +26.1% | +4.6% | +48.6% | +89.9% | +53.8% | +34.8% | +3.7% | +13.0% | +15.7% | -1.9% | -25.5% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Snap Inc.'s Debt/EBITDA ratio is 7.3x — elevated, raising questions about debt serviceability. The current ratio has weakened 9.7% YoY to 3.56x, tightening the short-term liquidity position. Debt/Equity has declined for 3 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.29 | 0.29 | 1.86 | 2.03 | 1.82 | 1.73 | 1.92 | 2.05 | 1.83 | 1.80 | 1.67 | 1.66 | 1.61 |
| — | -83.5% | -2.8% | -1.3% | -0.2% | -3.8% | +15.1% | +23.5% | +13.1% | +11.2% | +15.6% | +36.0% | +36.5% | |
| Debt / EBITDA | — | 7.32 | — | — | — | 334.06 | — | — | — | — | — | — | — |
| — | -97.8% | — | — | — | — | — | — | — | — | — | — | — | |
| Current Ratio | 3.56 | 3.56 | 3.67 | 3.88 | 4.30 | 3.95 | 4.04 | 3.98 | 3.76 | 4.39 | 4.83 | 5.16 | 4.71 |
| — | -9.7% | -9.2% | -2.3% | +14.3% | -10.1% | -16.4% | -23.0% | -20.1% | +1.5% | -0.6% | -8.7% | -34.5% | |
| Quick Ratio | 3.56 | 3.56 | 3.67 | 3.88 | 4.30 | 3.95 | 4.04 | 3.98 | 3.76 | 4.39 | 4.83 | 5.16 | 4.71 |
| — | -9.7% | -9.2% | -2.3% | +14.3% | -10.1% | -16.4% | -23.0% | -20.1% | +1.5% | -0.6% | -8.7% | -34.5% | |
| Interest Coverage | -5.98 | 14.20 | -3.72 | -9.41 | -8.28 | -4.62 | -29.44 | -49.67 | -70.26 | -47.15 | -68.84 | -75.68 | -62.07 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 41 years · Updated daily
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Start ComparisonSnap Inc.'s current P/E is -18.1x. The average P/E over the last 1 quarters is 76.7x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Snap Inc.'s current operating margin is -9.0%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Snap Inc.'s business trajectory between earnings reports.