A Business at a Glance
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PINTEREST, INC.
PINS
$15.1B
Mkt Cap
$22.13
+1.10%
PINTEREST, INC. (PINS) has a current P/E ratio of 36.3, compared to its historical median P/E of 42.9. The stock is currently considered Fair based on its historical valuation range.
PINTEREST, INC. (PINS) has a 5-year average return on invested capital (ROIC) of 23.5%. This indicates strong capital allocation and a potential competitive advantage.
PINTEREST, INC. (PINS) has a market capitalization of $14.1B. It is classified as a large-cap stock.
PINTEREST, INC. (PINS) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 19.15%.
Based on historical P/E analysis, PINTEREST, INC. (PINS) appears fair. The current P/E of 36.3 is 15% below its historical median of 42.9. The estimated fair value CAGR (P/E method) is 44.6%.
PINTEREST, INC. (PINS) operates in the Services-Computer Programming, Data Processing, Etc. industry, within the Technology sector.
PINTEREST, INC. (PINS) reported annual revenue of $4.2 billion in its most recent fiscal year, based on SEC EDGAR filings.
Pinterest is an AI-powered visual search and discovery platform that enables users to find inspiration and turn ideas into action through billions of monthly searches and saves. The platform serves 619 million monthly active users globally, with particular strength among women (roughly two-thirds of the user base) and Gen Z (over 50% of users), across more than 100 countries. Users interact with multiple surfaces—Home Feed, Search, Related Pins, and Boards—to discover and curate content from retailers, brands, creators, publishers, and other users. Pinterest monetizes through digital advertising, leveraging users' high commercial intent and visual discovery behavior to help advertisers reach customers across the full marketing funnel from discovery to purchase. The company's proprietary "Taste Graph"—built from billions of associations between Pins, searches, boards, products, and users—powers AI-driven recommendation systems that surface relevant content to users while enabling advertisers to optimize performance through Pinterest Performance+, an automated suite combining bidding, budgeting, targeting, and creative features. The business model is asset-light and highly scalable, with over 90% of searches being unbranded, indicating users come to Pinterest with open-ended discovery intent rather than seeking specific brands, creating a unique flywheel where relevant ads enhance rather than interrupt the user experience.
【AI-driven monetization acceleration】 Management is focused on expanding adoption of Pinterest Performance+, its AI-powered performance ad suite, which reduces advertiser costs while requiring half as many inputs to set up as standard campaigns, with plans to expand the pilot to additional large sophisticated advertisers in the second half of 2026. The company is strengthening its global sales and go-to-market organization through sharpened coverage models, evolved sales incentive structures, and a globally consistent merchant playbook to broaden its revenue base across mid-market, enterprise, managed SMB, and international advertisers. Canvas, Pinterest's proprietary generative AI model, is enabling high-fidelity creative optimization at significantly lower cost than third-party alternatives, with real-time image editing capabilities expected to expand in the coming months. Management expects to deepen integrations with third-party measurement partners to provide advertisers with attribution clarity and bidding tools at scale, and plans to integrate tvScientific capabilities directly into Pinterest Performance+ to create a full-funnel search, social, and CTV performance solution that should unlock larger and incremental budget pools.
| Metric | Target | Period |
|---|---|---|
| Adjusted EBITDA margin | around 29% | Full year 2026 |
Adjusted EBITDA margin (Full year 2026): “For adjusted EBITDA, we continue to expect full year 2026 margins to come in around 29%, including the approximately 100 basis point drag from tvScientific that we called out previously.”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2025 Earnings Call, Q3 FY2025 Earnings Call, Q2 FY2025 Earnings Call, Q1 FY2025 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 4.4B | 4.2B | 3.6B | 3.1B | 2.8B | 2.6B |
| Net Income | 334M | 417M | 1.9B | -36M | -96M | 316M |
| EPS | $0.48 | $0.61 | $2.67 | $-0.05 | $-0.14 | $0.46 |
| Free Cash Flow | 1.2B | 1.3B | 940M | 605M | 440M | 744M |
| ROIC | 9.4% | 12.5% | 47.5% | -1.1% | -3.0% | 61.8% |
| Gross Margin | - | 53.0% | 79.4% | 77.5% | 75.8% | 79.5% |
| Debt/Equity | 0.34 | 0.06 | 0.04 | 0.06 | 0.07 | 0.16 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 275M | 320M | 180M | -126M | -102M | 326M |
| Operating Margin | 6.3% | 7.6% | 4.9% | -4.1% | -3.6% | 12.7% |
| ROE | 11.7% | 8.8% | 47.5% | -1.1% | -3.0% | 12.0% |
| Shares Outstanding | 637M | 683M | 697M | 712M | 686M | 688M |
| Metric | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 473M | 756M | 1.1B | 1.7B | 2.6B | 2.8B | 3.1B | 3.6B | 4.2B | 4.4B |
| Gross Margin | 62.2% | 68.0% | 68.6% | 73.5% | 79.5% | 75.8% | 77.5% | 79.4% | 53.0% | N/A |
| R&D | 208M | 252M | 1.2B | 606M | 780M | 949M | 1.1B | 1.2B | 1.4B | 1.5B |
| SG&A | 62M | 77M | 354M | 337M | 301M | 344M | 512M | 464M | 466M | 464M |
| EBIT | -138M | -75M | -1.4B | -143M | 326M | -102M | -126M | 180M | 320M | 275M |
| Op. Margin | -29.2% | -9.9% | -121.5% | -8.4% | 12.7% | -3.6% | -4.1% | 4.9% | 7.6% | 6.3% |
| Net Income | -130M | -63M | -1.4B | -128M | 316M | -96M | -36M | 1.9B | 417M | 334M |
| Net Margin | -27.5% | -8.3% | -119.1% | -7.6% | 12.3% | -3.4% | -1.2% | 51.1% | 9.9% | 7.6% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 127M | 0 | 0 | 0 |
| Returns on Capital | ||||||||||
| ROIC | N/A | -6.5% | -190.5% | -6.0% | 61.8% | -3.0% | -1.1% | 47.5% | 12.5% | 9.4% |
| ROE | 26.1% | 11.0% | -190.5% | -6.0% | 12.0% | -3.0% | -1.1% | 47.5% | 8.8% | 11.7% |
| ROA | N/A | -10.9% | -76.8% | -5.1% | 10.3% | -2.6% | -1.0% | 41.7% | 7.7% | 7.2% |
| Cash Flow | ||||||||||
| Op. Cash Flow | -103M | -60M | 657K | 29M | 753M | 469M | 613M | 965M | 1.3B | 1.2B |
| Free Cash Flow | -144M | -83M | -33M | 11M | 744M | 440M | 605M | 940M | 1.3B | 1.2B |
| Owner Earnings | -148M | -96M | -1.4B | -329M | 310M | -74M | -56M | 178M | 379M | 296M |
| CapEx | 41M | 22M | 34M | 17M | 9.0M | 29M | 8.1M | 25M | 32M | 41M |
| Maint. CapEx | 16M | 21M | 28M | 37M | 28M | 46M | 22M | 21M | 25M | 28M |
| Growth CapEx | 25M | 1.3M | 6.0M | 0 | 0 | 0 | 0 | 3.3M | 7.2M | 13M |
| D&A | 16M | 21M | 28M | 37M | 28M | 46M | 22M | 21M | 25M | 28M |
| CapEx/OCF | N/A | N/A | 5142.0% | 60.4% | 1.2% | 6.2% | 1.3% | 2.6% | 2.5% | 3.3% |
| Capital Allocation | ||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 500M | 600M | 927M | 2.7B |
| Buyback Yield | 0.0% | N/A | N/A | N/A | N/A | N/A | 1.9% | 2.9% | 5.2% | 19.2% |
| Stock-Based Comp | 29M | 15M | 1.4B | 321M | 415M | 497M | 648M | 766M | 880M | 924M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | ||||||||||
| Net Debt | N/A | N/A | N/A | -1.6B | N/A | -2.5B | -2.3B | -2.3B | -2.2B | -318M |
| Cash & Equiv. | 71M | 123M | 650M | 669M | 1.4B | 1.6B | 1.4B | 1.1B | 969M | 1.3B |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 980M |
| Debt/Equity | N/A | -0.47 | 0.18 | 0.08 | 0.16 | 0.07 | 0.06 | 0.04 | 0.06 | 0.34 |
| Interest Coverage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Equity | -546M | -595M | 2.0B | 2.2B | 3.0B | 3.3B | 3.1B | 4.8B | 4.7B | 2.9B |
| Total Assets | N/A | 1.2B | 2.4B | 2.6B | 3.5B | 3.9B | 3.6B | 5.3B | 5.5B | 4.6B |
| Total Liabilities | N/A | 282M | 370M | 367M | 498M | 581M | 504M | 592M | 747M | 1.8B |
| Intangibles | N/A | 7.2M | 7.7M | 6.7M | 21M | 25M | 17M | 9.9M | 6.1M | 88M |
| Retained Earnings | N/A | -845M | -2.2B | -2.3B | -2.0B | -2.1B | -2.2B | -288M | 129M | 55M |
| Working Capital | N/A | 781M | 1.9B | 2.2B | 2.9B | 3.1B | 3.0B | 3.1B | 3.1B | 1.7B |
| Current Assets | N/A | 889M | 2.1B | 2.4B | 3.2B | 3.5B | 3.3B | 3.5B | 3.6B | 2.2B |
| Current Liabilities | N/A | 108M | 176M | 205M | 260M | 381M | 317M | 398M | 465M | 531M |
| Per Share Data | ||||||||||
| EPS | -1.03 | -0.50 | -3.24 | -0.22 | 0.46 | -0.14 | -0.05 | 2.67 | 0.61 | 0.48 |
| Owner EPS | -1.17 | -0.76 | -3.34 | -0.56 | 0.45 | -0.11 | -0.08 | 0.25 | 0.55 | 0.46 |
| Book Value | -4.33 | -4.72 | 4.82 | 3.84 | 4.42 | 4.78 | 4.34 | 6.81 | 6.94 | 4.48 |
| Cash Flow/Share | -0.82 | -0.48 | 0.00 | 0.05 | 1.09 | 0.68 | 0.86 | 1.38 | 1.88 | 0.57 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 126.3M | 125.9M | 420.2M | 583.3M | 687.9M | 686.0M | 712.2M | 697.4M | 683.4M | 636.6M |
| Valuation | ||||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | 79.4 | N/A | N/A | 11.1 | 42.9 | 46.4 |
| P/FCF | N/A | N/A | N/A | N/A | 33.8 | 35.6 | 43.9 | 21.9 | 14.3 | 11.7 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 50.1 |
| Price/Book | N/A | N/A | 3.8 | 17.6 | 8.3 | 4.8 | 8.6 | 4.3 | 3.8 | 4.9 |
| Price/Sales | N/A | N/A | 9.7 | 11.2 | 16.7 | 5.8 | 6.4 | 6.8 | 5.2 | 3.2 |
| FCF Yield | N/A | N/A | -0.4% | 0.0% | 3.0% | 2.8% | 2.3% | 4.6% | 7.0% | 8.6% |
| Market Cap | 0 | N/A | 7.8B | 39.5B | 25.1B | 15.7B | 26.5B | 20.6B | 17.9B | 14.1B |
| Avg. Price | 0.00 | N/A | 26.29 | 32.53 | 62.70 | 23.70 | 27.32 | 35.32 | 32.36 | 22.13 |
| Year-End Price | 0.00 | N/A | 18.49 | 67.79 | 36.52 | 22.86 | 37.27 | 29.56 | 26.14 | 22.13 |
PINTEREST, INC. passes 9 of 9 quality checks, indicating strong fundamentals.
PINTEREST, INC. trades at 36.3x trailing earnings, compared to its 15-year median P/E of 42.9x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 10.3x vs a median of 33.8x. The company's 5-year average ROIC is 23.5% with a gross margin of 73.0%. Total shareholder yield (buybacks) is 19.2%. At current prices, the estimated annualized return to fair value is +65.3%.
PINTEREST, INC. (PINS) has a net profit margin of 9.9%. This is a modest margin.
PINTEREST, INC. (PINS) generated $1.3 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
PINTEREST, INC. (PINS) has a debt-to-equity ratio of 0.06. This indicates a conservatively financed balance sheet.
PINTEREST, INC. (PINS) reported earnings per share (EPS) of $0.61 in its most recent fiscal year.
PINTEREST, INC. (PINS) has a return on equity (ROE) of 8.8%. This indicates moderate shareholder returns.
PINTEREST, INC. (PINS) has a 5-year average gross margin of 73.0%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 9 years of financial data for PINTEREST, INC. (PINS), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
PINTEREST, INC. (PINS) has a book value per share of $6.94, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management is focused on expanding adoption of Pinterest Performance+, its AI-powered performance ad suite, which reduces advertiser costs while requiring half as many inputs to set up as standard campaigns, with plans to expand the pilot to additional large sophisticated advertisers in the second half of 2026. The company is strengthening its global sales and go-to-market organization through sharpened coverage models, evolved sales incentive structures, and a globally consistent merchant playbook to broaden its revenue base across mid-market, enterprise, managed SMB, and international advertisers. Canvas, Pinterest's proprietary generative AI model, is enabling high-fidelity creative optimization at significantly lower cost than third-party alternatives, with real-time image editing capabilities expected to expand in the coming months. Management expects to deepen integrations with third-party measurement partners to provide advertisers with attribution clarity and bidding tools at scale, and plans to integrate tvScientific capabilities directly into Pinterest Performance+ to create a full-funnel search, social, and CTV performance solution that should unlock larger and incremental budget pools.
Based on recent SEC filings and earnings calls, PINTEREST, INC. (PINS) has provided the following forward guidance: Adjusted EBITDA margin: around 29% (Full year 2026).