Twilio Inc. (TWLO) Financial Ratios
13 years of historical data (2013–2025) · Communication Services · Internet Content & Information
EV/EBITDA
↓
76.59
-4% vs avg
5yr avg: 79.92
30Y Low59.0·High59.0
P/FCF
↓
28.69
-2% vs avg
5yr avg: 29.18
30Y Low22.0·High38.3
P/B Ratio
↓
4.00
↑+72% vs avg
5yr avg: 2.32
30Y Low0.8·High19.8
ROE
↑
0.4%
↓+107% vs avg
5yr avg: -6.4%
30Y Low-64%·High0%
Debt/EBITDA
↓
2.76
↓-37% vs avg
5yr avg: 4.39
30Y Low2.8·High6.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
TWLO Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Twilio Inc. trades at 931.3x earnings, 37% above its 5-year average of 677.3x, sitting at the 50th percentile of its historical range. Compared to the Communication Services sector median P/E of 15.0x, the stock trades at a premium of 6130%. On a free-cash-flow basis, the stock trades at 28.7x P/FCF, roughly in line with the 5-year average of 29.2x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $29.6B | $22.7B | $17.9B | $13.9B | $9.0B | $45.9B | $49.7B | $12.8B | $8.7B | $2.2B | $2.6B |
| Enterprise Value | $30.0B | $23.1B | $18.6B | $14.4B | $9.5B | $45.7B | $49.3B | $13.2B | $8.6B | $2.0B | $2.3B |
| P/E Ratio → | 931.33 | 677.33 | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 5.85 | 4.49 | 4.02 | 3.35 | 2.34 | 16.14 | 28.19 | 11.27 | 13.34 | 5.40 | 9.22 |
| P/B Ratio | 4.00 | 2.91 | 2.25 | 1.43 | 0.85 | 4.16 | 5.88 | 2.99 | 19.79 | 5.98 | 7.76 |
| P/FCF | 28.69 | 22.00 | 27.28 | 38.26 | — | — | — | — | — | — | — |
| P/OCF | 28.53 | 21.88 | 25.04 | 33.54 | — | — | 1520.82 | 910.06 | 1086.53 | — | 253.34 |
P/E links to full P/E history page with 30-year chart
TWLO EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Twilio Inc.'s enterprise value stands at 76.6x EBITDA, roughly in line with its 5-year average of 79.9x. The Communication Services sector median is 8.4x, placing the stock at a 811% premium 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 | — | 4.56 | 4.18 | 3.47 | 2.50 | 16.07 | 28.00 | 11.61 | 13.27 | 5.11 | 8.12 |
| EV / EBITDA | 76.59 | 58.98 | 100.85 | — | — | — | — | — | — | — | — |
| EV / EBIT | 171.93 | 419.78 | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | 22.39 | 28.32 | 39.65 | — | — | — | — | — | — | — |
TWLO Profitability
Margins and return-on-capital ratios measuring operating efficiency
Twilio Inc. earns an operating margin of 3.4%. Operating margins have expanded from -9.3% to 3.4% over the past 3 years, signaling improving operational efficiency. ROE of 0.4% is modest. ROIC of 1.6% represents below-average 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 | 48.0% | 48.0% | 50.0% | 47.3% | 46.1% | 46.3% | 49.8% | 50.6% | 53.5% | 53.0% | 55.7% |
| Operating Margin | 3.4% | 3.4% | -0.9% | -9.3% | -26.0% | -31.7% | -26.7% | -31.2% | -17.5% | -16.5% | -14.9% |
| Net Profit Margin | 0.7% | 0.7% | -2.5% | -24.4% | -32.8% | -33.4% | -27.9% | -27.1% | -18.8% | -16.0% | -14.9% |
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 | 0.4% | 0.4% | -1.2% | -10.0% | -11.6% | -9.8% | -7.7% | -13.0% | -30.6% | -18.5% | -18.5% |
| ROA | 0.3% | 0.3% | -1.0% | -8.4% | -9.8% | -8.4% | -6.7% | -9.9% | -16.5% | -14.8% | -14.5% |
| ROIC | 1.6% | 1.6% | -0.3% | -2.7% | -6.8% | -7.1% | -5.5% | -10.5% | -27.0% | -36.8% | -195.8% |
| ROCE | 1.9% | 1.9% | -0.4% | -3.4% | -8.3% | -8.4% | -6.8% | -12.2% | -18.0% | -18.5% | -18.1% |
TWLO Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Twilio Inc. carries a Debt/EBITDA ratio of 2.8x, which is moderately leveraged (21% below the sector average of 3.5x). Net debt stands at $399M ($1.1B total debt minus $682M 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 | 0.14 | 0.14 | 0.14 | 0.12 | 0.12 | 0.12 | 0.07 | 0.15 | 1.00 | — | — |
| Debt / EBITDA | 2.76 | 2.76 | 6.01 | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | 0.05 | 0.09 | 0.05 | 0.06 | -0.02 | -0.04 | 0.09 | -0.12 | -0.32 | -0.93 |
| Net Debt / EBITDA | 1.02 | 1.02 | 3.73 | — | — | — | — | — | — | — | — |
| Debt / FCF | — | 0.39 | 1.05 | 1.39 | — | — | — | — | — | — | — |
| Interest Coverage | — | — | — | — | — | — | -19.19 | -13.45 | -7.13 | — | — |
TWLO Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Twilio Inc.'s current ratio of 4.03x 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 6.64x to 4.03x 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 | 4.03 | 4.03 | 4.20 | 6.64 | 6.17 | 8.43 | 7.52 | 8.34 | 6.33 | 4.50 | 4.79 |
| Quick Ratio | 4.03 | 4.03 | 4.20 | 6.64 | 6.17 | 8.43 | 7.52 | 8.34 | 6.33 | 4.50 | 4.79 |
| Cash Ratio | 2.79 | 2.79 | 2.91 | 5.43 | 5.14 | 7.62 | 6.78 | 7.49 | 5.43 | 3.70 | 4.15 |
| Asset Turnover | — | 0.52 | 0.45 | 0.36 | 0.30 | 0.22 | 0.19 | 0.22 | 0.63 | 0.89 | 0.67 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 45.87 | 48.19 | 49.45 | 52.23 | 49.86 | 52.04 | 49.57 | 54.86 | 39.44 | 34.49 |
TWLO Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Twilio Inc. returns 2.9% to shareholders annually primarily through share buybacks. The earnings yield of 0.1% (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 | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
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 | 0.1% | 0.1% | — | — | — | — | — | — | — | — | — |
| FCF Yield | 3.5% | 4.5% | 3.7% | 2.6% | — | — | — | — | — | — | — |
| Buyback Yield | 2.9% | 3.8% | 13.0% | 4.8% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 2.9% | 3.8% | 13.0% | 4.8% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $160M | $166M | $183M | $183M | $174M | $147M | $130M | $97M | $91M | $89M |
Peer Comparison
Compare TWLO 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 |
|---|---|---|---|---|---|---|---|---|---|
 TWLOYou | $30B | 931.3 | 76.6 | 28.7 | 48.0% | 3.4% | 0.4% | 1.6% | 2.8 |
 BAND | $2B | -110.1 | 49.4 | 0.0 | 35.8% | -1.9% | -3.6% | -1.2% | 16.4 |
 ZCMD | $8M | -1.3 | — | 10.8 | 42.5% | -54.4% | -27.0% | -30.1% | — |
 MSGM | $22M | 3.1 | 6.1 | 5.4 | 81.5% | 14.5% | 157.3% | 81.5% | 0.0 |
 SPOK | $225M | 14.5 | 8.9 | 8.9 | 78.8% | 14.1% | 10.5% | 11.3% | 0.3 |
 ZM | $34B | 17.7 | 25.7 | 17.4 | 77.0% | 23.1% | 20.3% | 10.4% | 0.0 |
 FIVN | $2B | 52.7 | 18.0 | 9.2 | 54.7% | 2.8% | 5.6% | 1.7% | 6.2 |
 NICE | $8B | 12.8 | 8.7 | 11.0 | 66.4% | 22.2% | 16.5% | 13.5% | 0.2 |
 BRZE | $2B | -19.9 | — | 40.2 | 67.1% | -19.6% | -23.9% | -20.5% | — |
 T | $181B | 8.5 | 7.5 | 9.3 | 79.8% | 19.2% | 17.6% | 6.7% | 3.9 |
 VZ | $200B | 11.7 | 8.0 | 9.9 | 45.6% | 21.2% | 16.6% | 8.0% | 4.2 |
| Communication Services Median | — | 15.0 | 8.4 | 11.8 | 49.1% | 1.0% | 2.4% | 3.3% | 3.5 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonTWLO — Frequently Asked Questions
Quick answers to the most common questions about buying TWLO stock.
What is Twilio Inc.'s P/E ratio?
Twilio Inc.'s current P/E ratio is 931.3x. This places it at the 50th percentile of its historical range.
What is Twilio Inc.'s EV/EBITDA?
Twilio Inc.'s current EV/EBITDA is 76.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 59.0x.
What is Twilio Inc.'s ROE?
Twilio Inc.'s return on equity (ROE) is 0.4%. The historical average is -21.8%.
Is TWLO stock overvalued?
Based on historical data, Twilio Inc. is trading at a P/E of 931.3x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Twilio Inc.'s profit margins?
Twilio Inc. has 48.0% gross margin and 3.4% operating margin.
How much debt does Twilio Inc. have?
Twilio Inc.'s Debt/EBITDA ratio is 2.8x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.