13 years of historical data (2013–2025) · 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
Twilio Inc. trades at 576.0x earnings, 15% below 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 15.1x, the stock trades at a premium of 3708%. On a free-cash-flow basis, the stock trades at 17.8x P/FCF, 39% below 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 | $18.3B | $22.7B | $17.9B | $13.9B | $9.0B | $45.9B | $49.7B | $12.8B | $8.7B | $2.2B | $2.6B |
| Enterprise Value | $18.8B | $23.2B | $18.6B | $14.4B | $9.5B | $45.7B | $49.3B | $13.2B | $8.6B | $2.0B | $2.3B |
| P/E Ratio → | 576.00 | 677.33 | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 3.62 | 4.49 | 4.02 | 3.35 | 2.34 | 16.14 | 28.19 | 11.27 | 13.34 | 5.40 | 9.22 |
| P/B Ratio | 2.47 | 2.91 | 2.25 | 1.43 | 0.85 | 4.16 | 5.88 | 2.99 | 19.79 | 5.98 | 7.76 |
| P/FCF | 17.75 | 22.00 | 27.28 | 38.26 | — | — | — | — | — | — | — |
| P/OCF | 17.65 | 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
Enterprise-value multiples — capital-structure-neutral measures of total business value
Twilio Inc.'s enterprise value stands at 47.9x EBITDA, 40% below its 5-year average of 80.0x. The Communication Services sector median is 7.5x, placing the stock at a 540% 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 | — | 4.57 | 4.18 | 3.47 | 2.50 | 16.07 | 28.00 | 11.61 | 13.27 | 5.11 | 8.12 |
| EV / EBITDA | 47.92 | 59.12 | 100.85 | — | — | — | — | — | — | — | — |
| EV / EBIT | 107.58 | 132.71 | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | 22.44 | 28.32 | 39.65 | — | — | — | — | — | — | — |
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 1.5% represents below-average returns on invested capital.
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% |
| 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 | 1.5% | 1.5% | -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% |
Solvency and debt-coverage ratios — lower is generally safer
Twilio Inc. carries a Debt/EBITDA ratio of 2.9x, which is moderately leveraged (16% below the sector average of 3.5x). Net debt stands at $453M ($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 | 0.15 | 0.15 | 0.14 | 0.12 | 0.12 | 0.12 | 0.07 | 0.15 | 1.00 | — | — |
| Debt / EBITDA | 2.90 | 2.90 | 6.01 | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | 0.06 | 0.09 | 0.05 | 0.06 | -0.02 | -0.04 | 0.09 | -0.12 | -0.32 | -0.93 |
| Net Debt / EBITDA | 1.16 | 1.16 | 3.73 | — | — | — | — | — | — | — | — |
| Debt / FCF | — | 0.44 | 1.05 | 1.39 | — | — | — | — | — | — | — |
| Interest Coverage | — | — | — | — | — | — | -18.86 | -14.12 | -7.63 | — | — |
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 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Twilio Inc. returns 4.7% to shareholders annually primarily through share buybacks. The earnings yield of 0.2% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
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 | 0.2% | 0.1% | — | — | — | — | — | — | — | — | — |
| FCF Yield | 5.6% | 4.5% | 3.7% | 2.6% | — | — | — | — | — | — | — |
| Buyback Yield | 4.7% | 3.8% | 13.0% | 4.8% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 4.7% | 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 |
Compare TWLO with 6 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| TWLOYou | $18B | 576.0 | 47.9 | 17.8 | 48.0% | 3.4% | 0.4% | 1.5% | 2.9 |
| CMCM | $6B | -0.0 | — | — | 67.6% | -54.2% | -25.4% | -58.3% | — |
| NN | $2B | -19.2 | — | — | -90.1% | -1060.1% | -156.5% | -61.5% | — |
| JFIN | $700M | 2.2 | 3.4 | 7.0 | 64.9% | 21.5% | 38.4% | 39.9% | 0.0 |
| MNY | $43M | -1.6 | — | — | 36.8% | -50.5% | -59.4% | -344.7% | — |
| UPXI | $42M | -0.4 | — | — | 68.7% | -79.1% | -28.3% | -14.0% | — |
| SEGG | $4M | -0.0 | — | — | 69.9% | -1704.1% | -97.1% | -38.5% | — |
| Communication Services Median | — | 15.1 | 7.5 | 10.5 | 51.2% | -0.7% | 2.4% | 1.7% | 3.5 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 13 years · Updated daily
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Start ComparisonTwilio Inc.'s current P/E ratio is 576.0x. This places it at the 50th percentile of its historical range.
Twilio Inc.'s current EV/EBITDA is 47.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 59.1x.
Twilio Inc.'s return on equity (ROE) is 0.4%. The historical average is -21.8%.
Based on historical data, Twilio Inc. is trading at a P/E of 576.0x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Twilio Inc. has 48.0% gross margin and 3.4% operating margin.
Twilio Inc.'s Debt/EBITDA ratio is 2.9x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.