8 years of historical data (2019–2026) · Technology · Software - Application
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
Snowflake 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 47.0x P/FCF, 82% below the 5-year average of 265.5x.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $52.6B | $65.0B | $60.4B | $64.2B | $49.9B | $82.8B | $78.4B | — | — |
| Enterprise Value | $52.6B | $64.9B | $60.4B | $62.7B | $49.2B | $82.0B | $77.8B | — | — |
| P/E Ratio → | -38.92 | — | — | — | — | — | — | — | — |
| P/S Ratio | 11.24 | 13.88 | 16.65 | 22.86 | 24.14 | 67.94 | 132.49 | — | — |
| P/B Ratio | 25.69 | 32.21 | 20.09 | 12.36 | 9.12 | 16.41 | 15.89 | — | — |
| P/FCF | 46.99 | 58.05 | 66.11 | 82.39 | 100.43 | 1020.44 | — | — | — |
| P/OCF | 43.08 | 53.22 | 62.92 | 75.66 | 91.38 | 751.92 | — | — | — |
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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 13.87 | 16.67 | 22.34 | 23.81 | 67.22 | 131.45 | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | 57.97 | 66.17 | 80.49 | 99.04 | 1009.61 | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Snowflake Inc. earns an operating margin of -30.6%. Operating margins have expanded from -39.0% to -30.6% over the past 3 years, signaling improving operational efficiency. A negative ROE of -53.0% indicates the company is currently destroying shareholder equity.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 67.2% | 67.2% | 66.5% | 68.0% | 65.3% | 62.4% | 59.0% | 56.0% | 46.5% |
| Operating Margin | -30.6% | -30.6% | -40.2% | -39.0% | -40.8% | -58.6% | -91.9% | -135.3% | -191.9% |
| Net Profit Margin | -28.4% | -28.4% | -35.5% | -29.8% | -38.6% | -55.8% | -91.1% | -131.6% | -184.2% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | -53.0% | -53.0% | -31.4% | -15.7% | -15.1% | -13.6% | -24.6% | — | — |
| ROA | -14.7% | -14.7% | -14.9% | -10.5% | -11.1% | -10.8% | -15.5% | -39.2% | -23.3% |
| ROIC | -43.1% | -43.1% | -32.2% | -19.3% | -14.1% | -12.6% | -21.1% | — | — |
| ROCE | -27.5% | -27.5% | -25.9% | -19.5% | -15.3% | -13.8% | -19.0% | -58.9% | -29.9% |
Solvency and debt-coverage ratios — lower is generally safer
The company holds a net cash position — cash of $2.8B exceeds total debt of $2.7B, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.36 | 1.36 | 0.89 | 0.06 | 0.05 | 0.04 | 0.04 | — | — |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.04 | 0.02 | -0.28 | -0.13 | -0.17 | -0.12 | — | — |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — | — |
| Debt / FCF | — | -0.08 | 0.06 | -1.89 | -1.39 | -10.83 | — | — | — |
| Interest Coverage | -172.95 | -172.95 | -527.73 | — | — | — | — | — | — |
Net cash position: cash ($2.8B) exceeds total debt ($2.7B)
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.30x means Snowflake Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 1.85x to 1.30x over the past 3 years.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.30 | 1.30 | 1.75 | 1.85 | 2.50 | 3.29 | 5.45 | 1.60 | 4.82 |
| Quick Ratio | 1.30 | 1.30 | 1.75 | 1.85 | 2.50 | 3.29 | 5.45 | 1.60 | 4.82 |
| Cash Ratio | 0.91 | 0.91 | 1.40 | 1.41 | 2.01 | 2.76 | 4.95 | 1.04 | 4.20 |
| Asset Turnover | — | 0.51 | 0.40 | 0.34 | 0.27 | 0.18 | 0.10 | 0.26 | 0.13 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 101.59 | 95.26 | 120.55 | 126.48 | 163.33 | 181.26 | 247.41 | 239.24 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Snowflake Inc. returns 0.2% to shareholders annually primarily through share buybacks.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — |
| FCF Yield | 2.1% | 1.7% | 1.5% | 1.2% | 1.0% | 0.1% | — | — | — |
| Buyback Yield | 0.2% | 0.1% | 3.2% | 0.9% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.2% | 0.1% | 3.2% | 0.9% | 0.0% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $337M | $333M | $328M | $319M | $300M | $288M | $277M | $238M |
Compare SNOW 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 |
|---|---|---|---|---|---|---|---|---|---|
| $53B | -38.9 | — | 47.0 | 67.2% | -30.6% | -53.0% | -43.1% | — | |
| $67B | 629.1 | 874.0 | 67.1 | 80.0% | -1.3% | 3.3% | -0.8% | 19.6 | |
| $24B | -333.4 | — | 47.3 | 71.7% | -5.6% | -2.5% | -4.9% | — | |
| $5B | -49.6 | — | 20.8 | 74.4% | -3.7% | -13.0% | -5.2% | — | |
| $7B | 13.5 | 11.5 | 7.2 | 80.1% | 27.4% | — | 47.8% | 4.6 | |
| $4B | -74.1 | — | 19.4 | 87.5% | -12.2% | -6.0% | -12.5% | — | |
| $314B | 217.6 | 217.3 | 149.5 | 82.4% | 31.6% | 25.8% | 22.3% | 0.2 | |
| $3B | 21.9 | 9.7 | 9.8 | 59.7% | 12.3% | 71.6% | 52.4% | 1.9 | |
| $455M | -0.1 | 5.0 | 1.8 | 20.7% | 1.5% | -115.6% | 0.6% | 4.5 | |
| $2B | 23.2 | 11.3 | 14.0 | 64.2% | 15.7% | 10.2% | 12.2% | 0.1 | |
| $2.9T | 37.8 | 20.5 | 379.0 | 50.3% | 11.2% | 22.3% | 14.7% | 1.0 | |
| Technology Median | — | 27.7 | 17.5 | 19.2 | 48.5% | -0.6% | 2.4% | 2.9% | 2.9 |
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Start ComparisonQuick answers to the most common questions about buying SNOW stock.
Snowflake Inc.'s current P/E ratio is -38.9x. This places it at the 50th percentile of its historical range.
Snowflake Inc.'s return on equity (ROE) is -53.0%. The historical average is -25.6%.
Based on historical data, Snowflake Inc. is trading at a P/E of -38.9x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Snowflake Inc. has 67.2% gross margin and -30.6% operating margin.