Alphabet Inc. (GOOGL) - Stock Research

Revenue by Segment

Segment	2021	2022	2023	2024	2025	% of Total
Google advertising	$209.50B	$224.47B	$237.85B	$264.59B	$294.69B	46%
Google Search & other	$148.95B	$162.45B	$175.03B	$198.08B	$224.53B	35%
Google subscriptions, platforms, and devices	$28.03B	$29.05B	$34.69B	$40.34B	$48.03B	8%
YouTube ads	$28.84B	$29.24B	$31.51B	$36.15B	$40.37B	6%
Google Network	$31.70B	$32.78B	$31.31B	$30.36B	$29.79B	5%

	1-Yr	4-Yr
Sales	17.2%	14.7%
Cash Flow	33.9%	18.8%
Earnings	34.5%	17.8%
Dividends	39.0%	N/A
Book Value	30.1%	16.3%

	1-Yr	4-Yr
ROIC	37.3%	39.0%
Gross Margin	59.7%	57.5%
FCF Yield	1.9%	3.6%
Buyback Yield	1.2%	3.1%

	Q1	Q2	Q3	Q4
2021	1.31	1.36	1.40	1.53
2022	1.23	1.21	1.06	1.06
2023	1.17	1.44	1.55	1.64
2024	1.89	1.89	2.12	2.14
2025	2.81	2.31	2.87	2.82

Click year for reports

Financial data for GOOGL from SEC EDGAR
Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023
Earnings Power
Revenue	66.0B	75.0B	90.3B	110.9B	136.8B	161.9B	182.5B	257.6B	282.8B	307.4B	350.0B	402.8B	402.8B
Net Income	14.1B	15.8B	19.5B	12.7B	30.7B	34.3B	40.3B	76.0B	60.0B	73.8B	100.1B	132.2B	132.2B
Owner Earnings	14.6B	17.2B	24.1B	23.3B	30.5B	32.9B	39.2B	64.7B	58.7B	67.3B	87.2B	118.6B	118.6B
Non-Recurring	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0
Gross Margin	61.1%	62.4%	61.1%	58.9%	56.5%	55.6%	53.6%	56.9%	55.4%	56.6%	58.2%	59.7%	0.0%
Op. Margin	25.0%	25.8%	26.3%	23.6%	20.1%	21.1%	22.6%	30.6%	26.5%	27.4%	32.1%	32.0%	32.0%
Net Margin	21.4%	21.1%	21.6%	11.4%	22.5%	21.2%	22.1%	29.5%	21.2%	24.0%	28.6%	32.8%	32.8%
Returns on Capital
ROE	13.6%	13.2%	14.0%	8.3%	17.3%	17.0%	18.1%	30.2%	23.4%	26.0%	30.8%	35.7%	31.8%
ROA	10.9%	10.7%	11.6%	6.4%	13.2%	12.4%	12.6%	21.2%	16.4%	18.3%	22.2%	25.3%	22.2%
ROIC	30.7%	32.5%	33.8%	22.3%	33.4%	34.4%	34.6%	52.0%	40.1%	39.4%	39.1%	37.3%	32.1%
Cash Flow
Free Cash Flow	11.4B	16.6B	25.8B	23.9B	22.8B	31.0B	42.8B	67.0B	60.0B	69.5B	72.8B	73.3B	73.3B
CapEx	11.0B	9.9B	10.2B	13.2B	25.1B	23.5B	22.3B	24.6B	31.5B	32.3B	52.5B	91.4B	91.4B
Maint. CapEx	3.5B	4.1B	5.3B	6.1B	8.2B	10.9B	12.9B	11.6B	13.5B	11.9B	15.3B	21.1B	21.1B
Growth CapEx	7.4B	5.8B	4.9B	7.1B	17.0B	12.7B	9.4B	13.1B	18.0B	20.3B	37.2B	70.3B	70.3B
CapEx/OCF	49.0%	37.4%	28.3%	35.5%	52.4%	43.2%	34.2%	26.9%	34.4%	31.7%	41.9%	55.5%	55.5%
D&A	3.5B	4.1B	5.3B	6.1B	8.2B	10.9B	12.9B	11.6B	13.5B	11.9B	15.3B	21.1B	21.1B
Capital Allocation
Op. Cash Flow	22.4B	26.6B	36.0B	37.1B	48.0B	54.5B	65.1B	91.7B	91.5B	101.7B	125.3B	164.7B	164.7B
Dividends Paid	0	47M	0	N/A	N/A	N/A	N/A	N/A	N/A	0	7.4B	10.0B	10.0B
Share Buybacks	0	1.8B	3.7B	4.8B	9.1B	18.4B	31.1B	50.3B	59.3B	61.5B	62.2B	45.7B	45.7B
Buyback Yield	N/A	0.3%	0.7%	0.7%	1.2%	2.0%	2.6%	2.5%	5.3%	3.5%	2.6%	1.2%	2.4%
Debt Repayment	11.6B	13.7B	10.1B	4.4B	6.8B	585M	2.1B	21.4B	54.1B	11.6B	12.7B	32.4B	32.4B
Stock-Based Comp	4.3B	5.2B	6.7B	7.7B	9.4B	10.8B	13.0B	15.4B	19.4B	22.5B	22.8B	25.0B	25.0B
Balance Sheet
Total Assets	129.2B	147.5B	167.5B	197.3B	232.8B	275.9B	319.6B	359.3B	365.3B	402.4B	450.3B	595.3B	595.3B
Intangibles	20.2B	19.7B	19.8B	19.4B	20.1B	22.6B	22.6B	24.4B	29.0B	29.2B	31.9B	33.4B	33.4B
Total Liabilities	25.3B	27.1B	28.5B	44.8B	55.2B	74.5B	97.1B	107.6B	109.1B	119.0B	125.2B	180.0B	180.0B
Equity	103.9B	120.3B	139.0B	152.5B	177.6B	201.4B	222.5B	251.6B	256.1B	283.4B	325.1B	415.3B	415.3B
Net Debt	-61.2B	-71.1B	-82.4B	-97.9B	-105.1B	-115.1B	-122.8B	-124.8B	-99.1B	-99.0B	-84.8B	-80.3B	-80.3B
Long-Term Debt	3.2B	2.0B	3.9B	4.0B	4.0B	4.6B	13.9B	14.8B	14.7B	11.9B	10.9B	46.5B	N/A
Debt/Equity	0.03	0.02	0.03	0.03	0.02	0.02	0.06	0.06	0.06	0.04	0.03	0.11	0.11
Interest Coverage	191.8	201.7	282.3	311.3	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Working Capital	61.9B	70.8B	88.7B	100.1B	101.1B	107.4B	117.5B	123.9B	95.5B	89.7B	74.6B	103.3B	103.3B
Current Assets	78.7B	90.1B	105.4B	124.3B	135.7B	152.6B	174.3B	188.1B	164.8B	171.5B	163.7B	206.0B	206.0B
Current Liabilities	16.8B	19.3B	16.8B	24.2B	34.6B	45.2B	56.8B	64.3B	69.3B	81.8B	89.1B	102.7B	102.7B
Retained Earnings	75.1B	89.2B	105.1B	113.2B	134.9B	152.1B	163.4B	191.5B	195.6B	211.2B	245.1B	324.1B	324.1B
Per Share Data
Avg. Price	28.21	30.62	37.88	46.53	55.67	59.00	73.18	122.47	114.60	117.45	162.47	209.12	322.86
EPS	1.03	1.14	1.40	0.90	2.19	2.46	2.93	5.61	4.56	5.80	8.04	10.81	10.81
Owner EPS	1.06	1.25	1.73	1.66	2.16	2.35	2.85	4.78	4.46	5.29	7.00	9.70	20.38
Book Value	7.56	8.70	10.00	10.84	12.63	14.42	16.20	18.57	19.48	22.27	26.11	33.96	71.33
Cash Flow/Share	1.63	1.92	2.59	2.64	3.41	3.90	4.74	6.76	6.96	8.00	10.06	13.47	26.33
Dividends/Share	N/A	0.00	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0.59	0.82	1.73
Shares Out.	13.7B	13.8B	13.9B	14.1B	14.1B	14.0B	13.7B	13.6B	13.2B	12.7B	12.5B	12.2B	5.8B
Valuation
P/E Ratio	26.1	33.9	28.5	58.2	23.8	27.3	30.0	26.0	18.7	24.0	23.9	29.0	29.9
Price/Book	3.6	4.5	4.0	4.8	4.1	4.7	5.4	7.8	4.4	6.2	7.4	9.2	4.5
Price/Sales	5.9	5.6	5.8	5.9	5.7	5.1	5.5	6.4	5.3	4.9	5.8	6.3	4.7
EV/EBIT	18.7	24.1	19.9	24.5	22.7	24.1	26.4	23.5	13.7	19.8	20.5	29.1	13.9
FCF Yield	3.1%	3.1%	4.7%	3.2%	3.1%	3.3%	3.5%	3.4%	5.3%	3.9%	3.0%	1.9%	3.9%
Market Cap	369.3B	536.8B	555.2B	737.2B	730.7B	939.3B	1.2T	2.0T	1.1T	1.8T	2.4T	3.8T	1.9T
Year-End Price	26.87	38.82	39.93	52.40	51.94	67.22	88.03	145.59	85.37	139.18	192.01	313.51	322.86

Alphabet Inc.

Business Description

Revenue by Segment

Quality Checklist