Thursday 15 October 2026
Export META’s income statement to Excel — free account
Meta Platforms, Inc.
META Communication Services Internet Content & Information
Meta Platforms, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $201.0 billion, up 22.2% from fiscal 2024. In the quarter to June 2026, revenue grew 28.0%, EPS fell 14.4%, free cash flow fell 80.7% and total debt rose 190.2%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; dividend growth for three consecutive years, revenue growth for three, operating cash flow growth for three.
737.54
24.96
−3.27%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
35.20 | 33.05 | 17.11 | 31.67 | 26.70 | 24.03 | 14.49 | 22.78 | 23.79 | 27.54 |
Piotroski F-Score |
8 | 7 | 7 | 4 | 7 | 7 | 5 | 7 | 8 | 5 |
P/S ratio |
12.11 | 12.95 | 6.78 | 8.29 | 9.06 | 8.03 | 2.87 | 6.61 | 9.02 | 8.28 |
Altman Z-Score |
36.38 | 32.65 | 19.77 | 13.04 | 17.41 | 16.38 | 5.07 | 9.19 | 11.76 | 8.69 |
Altman Z″-Score (non-manufacturers) |
16.33 | 14.07 | 12.74 | 8.37 | 9.80 | 8.25 | 5.53 | 6.16 | 6.53 | 5.34 |
P/FCF ratio |
28.80 | 30.10 | 24.67 | 27.62 | 32.95 | 24.21 | 17.38 | 20.23 | 27.44 | 36.09 |
P/Operating CF |
67.86 | 68.61 | 49.73 | 64.49 | 55.47 | 52.30 | 23.10 | 45.94 | 53.01 | 45.95 |
Beneish M-Score |
(2.51) | (2.58) | (2.76) | (3.44) | (2.47) | (2.82) | (3.17) | (3.04) | (2.90) | (3.03) |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 85 |
P/B ratio |
5.65 | 7.08 | 4.50 | 5.80 | 6.07 | 7.58 | 2.67 | 5.82 | 8.12 | 7.66 |
Price to Tangible BV |
8.68 | 9.70 | 5.87 | 7.19 | 7.17 | 9.01 | 3.21 | 6.73 | 9.16 | 8.64 |
EV/Sales |
11.04 | 11.92 | 6.05 | 7.65 | 8.46 | 7.73 | 2.61 | 6.26 | 8.72 | 8.17 |
EV/EBITDA |
20.67 | 20.87 | 11.56 | 18.19 | 18.39 | 16.67 | 8.09 | 14.58 | 16.90 | 16.11 |
EV/Operating CF |
18.95 | 20.02 | 11.54 | 14.89 | 18.76 | 15.81 | 6.03 | 11.87 | 15.71 | 14.17 |
EV/FCF |
26.27 | 27.72 | 22.00 | 25.50 | 30.76 | 23.32 | 15.78 | 19.16 | 26.53 | 35.59 |
Quick Ratio |
11.63 | 12.64 | 6.94 | 4.28 | 4.89 | 2.94 | 2.01 | 2.55 | 2.82 | 2.42 |
Current Ratio |
11.97 | 12.92 | 7.19 | 4.40 | 5.05 | 3.15 | 2.20 | 2.67 | 2.98 | 2.60 |
Net Debt/EBITDA |
(1.99) | (1.79) | (1.41) | (1.51) | (1.31) | (0.64) | (0.82) | (0.81) | (0.58) | (0.22) |
Debt/Assets |
0.00% | 0.09% | 0.00% | 7.44% | 6.33% | 7.97% | 5.34% | 8.01% | 10.44% | 16.05% |
Debt/Equity |
0.00 | 0.00 | 0.00 | 0.10 | 0.08 | 0.11 | 0.08 | 0.12 | 0.16 | 0.27 |
Asset Turnover |
0.48 | 0.54 | 0.61 | 0.61 | 0.59 | 0.73 | 0.66 | 0.65 | 0.65 | 0.63 |
Operating CF/Net income |
1.58 | 1.52 | 1.32 | 1.96 | 1.33 | 1.47 | 2.18 | 1.82 | 1.46 | 1.92 |
Capex/Depreciation |
(1.92) | (2.23) | (3.22) | (2.63) | (2.20) | (2.33) | (3.59) | (2.42) | (2.40) | (3.74) |
| 19.70% | 23.84% | 27.90% | 19.96% | 25.42% | 31.10% | 18.52% | 28.04% | 37.14% | 30.24% | |
| 17.82% | 21.30% | 24.32% | 16.02% | 19.92% | 24.21% | 13.19% | 18.83% | 24.66% | 18.83% | |
ROIC |
26.11% | 38.60% | 36.20% | 26.71% | 26.72% | 32.42% | 19.06% | 27.53% | 32.45% | 26.77% |
Return on Tangible Assets |
25.40% | 27.20% | 32.45% | 21.37% | 27.41% | 38.10% | 20.71% | 26.07% | 33.21% | 24.85% |
Average Days of Receivables |
52.73 | 52.36 | 49.59 | 49.14 | 48.13 | 43.45 | 42.15 | 43.75 | 37.71 | 35.91 |
Research and Development Expense of Revenue |
21.42% | 19.07% | 18.40% | 19.24% | 21.46% | 20.91% | 30.30% | 28.53% | 26.67% | 28.55% |
Selling, General and Administrative Expense of Revenue |
19.91% | 17.81% | 20.23% | 28.77% | 21.12% | 20.24% | 23.22% | 17.57% | 12.82% | 12.01% |
Intangible Assets out of Total Assets |
0.32 | 0.24 | 0.20 | 0.15 | 0.12 | 0.12 | 0.11 | 0.09 | 0.07 | 0.07 |
Share Based Compensation of Revenue |
11.64% | 9.16% | 7.44% | 6.84% | 7.60% | 7.77% | 10.28% | 10.40% | 10.15% | 10.16% |
Graham Net Nets |
0.09 | 0.07 | 0.10 | 0.06 | 0.06 | 0.03 | 0.00 | 0.01 | 0.00 | (0.02) |
Graham Number |
39.30 | 56.26 | 70.83 | 71.85 | 101.77 | 118.21 | 95.20 | 142.66 | 199.77 | 215.58 |
Earnings Yield |
2.84% | 3.03% | 5.84% | 3.16% | 3.75% | 4.16% | 6.90% | 4.39% | 4.20% | 3.63% |
Free Cash Flow Yield |
3.47% | 3.32% | 4.05% | 3.62% | 3.03% | 4.13% | 5.75% | 4.94% | 3.64% | 2.77% |
Revenue per Share |
9.65 | 14.01 | 19.32 | 24.77 | 30.15 | 41.89 | 43.40 | 52.41 | 64.92 | 79.72 |
Operating CF per Share |
5.63 | 8.35 | 10.13 | 12.72 | 13.59 | 20.49 | 18.78 | 27.63 | 36.04 | 45.93 |
Capex per Share |
(1.57) | (2.32) | (4.81) | (5.29) | (5.30) | (6.60) | (11.61) | (10.51) | (14.70) | (27.64) |
Free Cash Flow per Share |
4.06 | 6.03 | 5.31 | 7.43 | 8.29 | 13.90 | 7.18 | 17.12 | 21.34 | 18.29 |
Cash per Share |
10.29 | 14.38 | 14.23 | 19.22 | 21.73 | 17.05 | 15.16 | 25.41 | 30.71 | 32.36 |
Shareholders Equity per Share |
20.68 | 25.63 | 29.11 | 35.41 | 45.00 | 44.36 | 46.79 | 59.51 | 72.07 | 86.17 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
20.68 | 25.63 | 29.11 | 35.41 | 45.00 | 44.36 | 46.79 | 59.51 | 72.07 | 86.17 |
Free Cash Flow |
11,617.00 | 17,483.00 | 15,359.00 | 21,212.00 | 23,632.00 | 39,116.00 | 19,289.00 | 44,068.00 | 54,072.00 | 46,109.00 |
Working Capital |
31,526.00 | 44,803.00 | 43,463.00 | 51,172.00 | 60,689.00 | 45,531.00 | 32,523.00 | 53,405.00 | 66,449.00 | 66,886.00 |
Capital Expenditures |
(4,491.00) | (6,733.00) | (13,915.00) | (15,102.00) | (15,115.00) | (18,567.00) | (31,186.00) | (27,045.00) | (37,256.00) | (69,691.00) |
Net Current Asset Value |
28,634.00 | 38,386.00 | 37,273.00 | 33,903.00 | 44,644.00 | 25,558.00 | (465.00) | 8,910.00 | 6,628.00 | (40,056.00) |
EV/EBIT |
24.56 | 23.99 | 13.56 | 22.55 | 22.25 | 19.51 | 10.52 | 18.06 | 20.68 | 19.71 |
Capex to Sales |
0.16 | 0.17 | 0.25 | 0.21 | 0.18 | 0.16 | 0.27 | 0.20 | 0.23 | 0.35 |
Price to Operating Income |
26.92 | 26.05 | 15.21 | 24.42 | 23.84 | 20.25 | 11.58 | 19.07 | 21.38 | 19.98 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.27 | 0.22 | 0.17 | 0.16 | 0.15 | 0.14 | 0.11 | 0.12 | 0.13 | 0.11 |
Cash ROIC |
13.11% | 15.05% | 12.26% | 12.79% | 11.80% | 21.02% | 10.94% | 18.60% | 18.69% | 12.89% |
Accounts Receivable Turnover |
8.44 | 8.28 | 8.32 | 8.27 | 8.24 | 9.30 | 8.48 | 9.10 | 9.92 | 10.93 |
Accounts Payable Turnover |
15.22 | 15.99 | 15.59 | 11.70 | 12.39 | 8.37 | 5.57 | 5.28 | 4.81 | 4.36 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
29.09 | 25.43 | 31.99 | 38.96 | 29.10 | 65.80 | 72.14 | 68.18 | 93.03 | 89.74 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
3,276.00 | 4,912.50 | 6,709.50 | 8,552.50 | 10,426.50 | 12,687.00 | 13,752.50 | 14,817.50 | 16,581.50 | 18,381.50 |
Average Payables |
249.00 | 341.00 | 600.00 | 1,091.50 | 1,347.00 | 2,707.00 | 4,536.50 | 4,919.50 | 6,268.00 | 8,290.50 |
Average Assets |
57,184.00 | 74,742.50 | 90,929.00 | 115,355.00 | 146,346.00 | 162,651.50 | 175,857.00 | 207,675.00 | 252,838.50 | 321,037.50 |
Average Common Equity |
51,706.00 | 66,770.50 | 79,237.00 | 92,590.50 | 114,672.00 | 126,584.50 | 125,296.00 | 139,440.50 | 167,902.50 | 199,940.00 |
Columns are period end dates