Meta Platforms, Inc. (META)

Segment	2021	2022	2023	2024	2025	% of Total
Advertising	$114.93B	$113.64B	$131.95B	$160.63B	$196.18B	99%
Other revenue	$721M	$808M	$1.06B	$1.72B	$2.58B	1%

Meta Platforms, Inc. (META) - Stock Research

	1-Yr	4-Yr
Sales	24.1%	17.3%
Cash Flow	28.8%	22.2%
Earnings	-1.6%	14.3%
Dividends	6.6%	N/A
Book Value	20.8%	17.9%

	1-Yr	4-Yr
ROIC	35.7%	35.6%
Gross Margin	82.0%	80.7%
FCF Yield	2.7%	4.3%
Buyback Yield	1.5%	3.6%

	Q1	Q2	Q3	Q4
2021	3.30	3.60	3.21	3.66
2022	2.72	2.47	1.63	1.77
2023	2.20	2.98	4.38	5.31
2024	4.71	5.15	6.02	7.98
2025	6.43	7.13	1.06	8.87

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Financial data for META from SEC EDGAR
Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023
Earnings Power
Revenue	12.5B	17.9B	27.6B	40.7B	55.8B	70.7B	86.0B	117.9B	116.6B	134.9B	164.5B	201.0B	201.0B
Net Income	2.9B	3.7B	10.2B	15.9B	22.1B	18.5B	29.1B	39.4B	23.2B	39.1B	62.4B	60.5B	60.5B
Owner Earnings	2.4B	5.4B	10.5B	17.5B	20.8B	25.7B	25.3B	40.6B	29.8B	45.9B	59.1B	76.8B	76.8B
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	82.7%	84.0%	86.3%	86.6%	83.2%	81.9%	80.6%	80.8%	78.3%	80.8%	81.7%	82.0%	0.0%
Op. Margin	40.1%	34.7%	45.0%	49.7%	44.6%	33.9%	38.0%	39.6%	24.8%	34.7%	42.2%	41.4%	41.4%
Net Margin	23.5%	20.5%	36.9%	39.2%	39.6%	26.1%	33.9%	33.4%	19.9%	29.0%	37.9%	30.1%	30.1%
Returns on Capital
ROE	8.1%	8.3%	17.2%	21.4%	26.3%	18.3%	22.7%	31.5%	18.5%	25.5%	34.1%	30.2%	27.8%
ROA	7.3%	7.4%	15.7%	18.8%	22.7%	13.9%	18.3%	23.7%	12.5%	17.0%	22.6%	18.8%	16.5%
ROIC	11.9%	14.3%	34.1%	23.6%	29.3%	21.8%	25.9%	50.6%	24.6%	36.3%	45.8%	35.7%	30.1%
Cash Flow
Free Cash Flow	3.6B	7.8B	11.6B	17.5B	15.4B	21.2B	23.6B	39.0B	19.0B	44.1B	54.1B	46.1B	46.1B
CapEx	1.8B	2.5B	4.5B	6.7B	13.9B	15.1B	15.1B	18.7B	31.4B	27.0B	37.3B	69.7B	69.7B
Maint. CapEx	1.2B	1.9B	2.3B	3.0B	4.3B	5.7B	6.9B	8.0B	8.7B	11.2B	15.5B	18.6B	18.6B
Growth CapEx	588M	578M	2.1B	3.7B	9.6B	9.4B	8.3B	10.7B	22.7B	15.9B	21.8B	51.1B	51.1B
CapEx/OCF	33.6%	24.4%	27.9%	27.8%	47.5%	41.6%	39.0%	32.4%	62.3%	38.0%	40.8%	60.2%	60.2%
D&A	1.2B	1.9B	2.3B	3.0B	4.3B	5.7B	6.9B	8.0B	8.7B	11.2B	15.5B	18.6B	18.6B
Capital Allocation
Op. Cash Flow	5.5B	10.3B	16.1B	24.2B	29.3B	36.3B	38.7B	57.7B	50.5B	71.1B	91.3B	115.8B	115.8B
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0	5.1B	5.3B	5.3B
Share Buybacks	N/A	N/A	0	2.0B	12.9B	4.2B	6.3B	44.5B	28.0B	19.8B	30.1B	26.2B	26.2B
Buyback Yield	N/A	N/A	N/A	0.4%	3.3%	0.7%	0.8%	4.5%	9.0%	2.1%	1.9%	1.5%	1.8%
Debt Repayment	0	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Stock-Based Comp	1.8B	3.0B	3.2B	3.7B	4.2B	4.8B	6.5B	9.2B	12.0B	14.0B	16.7B	20.4B	20.4B
Balance Sheet
Total Assets	40.0B	49.4B	65.0B	84.5B	97.3B	133.4B	159.3B	166.0B	185.7B	229.6B	276.1B	366.0B	366.0B
Intangibles	21.9B	21.3B	20.7B	20.1B	19.6B	19.6B	19.7B	19.8B	21.2B	20.7B	20.7B	24.5B	24.5B
Total Liabilities	3.9B	5.2B	5.8B	10.2B	13.2B	32.3B	31.0B	41.1B	60.0B	76.5B	93.4B	148.8B	148.8B
Equity	36.1B	44.2B	59.2B	74.3B	84.1B	101.1B	128.3B	124.9B	125.7B	153.2B	182.6B	217.2B	217.2B
Net Debt	-11.1B	-18.3B	N/A	N/A	N/A	N/A	N/A	-48.0B	-30.8B	-47.0B	-49.0B	-22.8B	-22.8B
Long-Term Debt	119M	107M	N/A	N/A	N/A	N/A	N/A	0	9.9B	18.4B	28.8B	58.7B	N/A
Debt/Equity	0.00	0.00	N/A	N/A	N/A	N/A	N/A	N/A	0.08	0.12	0.16	0.27	0.27
Interest Coverage	356.7	622.5	1129.7	N/A	N/A	N/A	N/A	N/A	N/A	104.4	142.8	119.6	119.6
Working Capital	12.0B	19.7B	31.5B	44.8B	43.5B	51.2B	60.7B	45.5B	32.5B	53.4B	66.4B	66.9B	66.9B
Current Assets	13.4B	21.7B	34.4B	48.6B	50.5B	66.2B	75.7B	66.7B	59.5B	85.4B	100.0B	108.7B	108.7B
Current Liabilities	1.4B	1.9B	2.9B	3.8B	7.0B	15.1B	15.0B	21.1B	27.0B	32.0B	33.6B	41.8B	41.8B
Retained Earnings	6.1B	9.8B	21.7B	34.0B	42.0B	55.7B	77.3B	69.8B	64.8B	82.1B	102.5B	121.2B	121.2B
Per Share Data
Avg. Price	68.05	87.84	116.11	154.94	170.53	179.80	232.22	317.97	181.96	257.56	505.43	667.83	677.22
EPS	1.10	1.29	3.49	5.39	7.57	6.43	10.09	13.77	8.59	14.87	23.86	23.49	23.49
Owner EPS	0.91	1.90	3.61	5.91	7.12	8.95	8.78	14.18	11.03	17.46	22.63	29.82	35.09
Book Value	13.57	15.55	20.28	25.17	28.80	35.15	44.41	43.68	46.55	58.25	69.88	84.41	99.33
Cash Flow/Share	2.05	3.63	5.52	8.20	10.02	12.63	13.41	20.18	18.69	27.05	34.94	44.99	36.15
Dividends/Share	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	1.94	2.07	2.43
Shares Out.	2.7B	2.8B	2.9B	3.0B	2.9B	2.9B	2.9B	2.9B	2.7B	2.6B	2.6B	2.6B	2.2B
Valuation
P/E Ratio	72.9	81.5	33.3	32.8	17.5	32.1	27.3	25.0	13.4	23.9	25.1	28.2	28.8
Price/Book	5.9	6.8	5.7	7.0	4.6	5.9	6.2	7.9	2.5	6.1	8.6	7.9	6.8
Price/Sales	14.5	13.9	12.3	11.3	8.9	7.3	7.8	7.7	4.2	5.0	8.0	8.6	7.4
EV/EBIT	40.5	45.1	N/A	N/A	N/A	N/A	N/A	20.0	9.6	19.0	21.8	20.2	17.5
FCF Yield	1.7%	2.6%	3.4%	3.4%	4.0%	3.6%	3.0%	4.0%	6.1%	4.7%	3.5%	2.7%	3.1%
Market Cap	213.3B	299.2B	338.9B	521.9B	386.4B	594.1B	794.6B	983.0B	310.1B	935.6B	1.6T	1.7T	1.5T
Year-End Price	80.22	105.20	116.11	176.69	132.28	206.66	275.08	343.82	114.82	355.83	597.92	663.29	677.22

Meta Platforms, Inc.

Business Description

Revenue by Segment

Quality Checklist