META
Meta Platforms, Inc.
Technology • CIK: 0001326801
Loading...
Market Cap
$1.66T
P/E (TTM)
27.5x
Rev Growth (TTM)
+22.2%
Net Margin (TTM)
30.1%
FCF Yield (TTM)
2.8%
FCF Margin (TTM)
22.9%
Cash Flow Health
Free Cash Flow8/8 positive
TTM$46.1B
Q4 '25
$14.8B+33%
Q3 '25
$11.2B+24%
FCF Margin
TTM22.9%
Q4 '2524.8%+14%
Sector: 14.5%Above Avg
OCF Margin57.6%
OCF/NI1.92x
CapEx Coverage1.7x
FCF Yield2.8%
FCF Growth (2Y)–
Cash Conversion Cycle
30 days
DSO: 30+DIO: 0−DPO: 0
Capital Allocation & Returns
Growth Focused
Total Shareholder YieldTTM
TTM1.9%
Div Yield0.3%
+Buyback (TTM)1.6%
Prioritizing reinvestment over distributions
Dividend & Payout Metrics
Dividend Yield (TTM)0.3%
FCF Payout Ratio11.5%
Free Cash Flow (TTM)$46.1B
Stock Repurchases (TTM)$26.2B
Capital Return / FCF68.5%
Est. Dividends Paid (TTM)$5.3B
Shows how management rewards shareholders
Operational Efficiency & Returns
Return on Invested CapitalTTM
24.9%
Moderate
-0.2% YoY-6.3%
P25MedianP75
75th pctl (med: 0.1%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
29.2%
8Q: 37.3%
Asset Turnover
0.67x
8Q: 0.68x
Leverage (1+D/E)
1.27x
D/E: 0.27x
DuPont: 24.8% ≈ 24.9% ROIC
Asset & CapEx Efficiency
Fixed Asset Turn
1.36x
8Q:1.46x
-19.6%
Invested Cap Turn
0.85x
8Q:0.85x
+7.8%
CapEx Intensity
29.6%
8Q:24.9%
CapEx/Depreciation
3.74x
Depreciation Rate Trend
⚠ Declining -112.4%
Asset-based ROIC formula
QUARTERLY TRENDS
Last 8 quarters + TTM
| Metric | TTM | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | $201.0B | $59.9B↑16.9% | $51.2B↑7.8% | $47.5B↑12.3% | $42.3B↓12.5% | $48.4B↑19.2% | $40.6B↑3.9% | $39.1B↑7.2% | $36.5B |
Operating Income | $83.3B | $24.7B↑20.5% | $20.5B↑0.5% | $20.4B↑16.4% | $17.6B↓24.9% | $23.4B↑34.7% | $17.4B↑16.9% | $14.8B↑7.4% | $13.8B |
Net Income | $60.5B | $22.8B↑740.5% | $2.7B↓85.2% | $18.3B↑10.2% | $16.6B↓20.1% | $20.8B↑32.8% | $15.7B↑16.5% | $13.5B↑8.9% | $12.4B |
Operating Cash Flow | $115.8B | $36.2B↑20.7% | $30.0B↑17.4% | $25.6B↑6.4% | $24.0B↓14.2% | $28.0B↑13.2% | $24.7B↑27.6% | $19.4B↑0.6% | $19.2B |
Free Cash Flow | $46.1B | $14.8B↑32.8% | $11.2B↑23.8% | $9.0B↓18.6% | $11.1B↓18.3% | $13.6B↓17.6% | $16.5B↑47.1% | $11.2B↓12.8% | $12.8B |
Total Equity | N/A |
Valuation Analysis
Fair Value
Price-to-EarningsTTM
27.5x
Volatile
8Q: 93.6x+23180%
Multiple expansion without fundamental improvement
Valuation Lenses
Earnings
27.5x
vs – sector
Cash Flow
35.5x
EV/FCF vs –
Growth-Adj
1.2xPEG
Fair for growth
Quality-Adj
1.1P/E per %ROIC
ROIC: 24.9%
Shareholder Returns
Dividend
0.3%
Buyback
1.6%
Total Yield
1.9%
Market Cap$1.66T
EV$1.63T
Multi-angle valuation analysis with sector context
Business Quality & Moat
Overall Quality Score
85/100
Exceptional
Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)
Returns on Capital
Return on Equity (ROE)Top 25%
31.2%
8Q:–
Return on Invested Capital (ROIC)Top 25%
24.9%
8Q:–
-6.3%
vs Sector:0.1%
DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)
NOPAT Margin: 29.2%
Asset Turnover: 0.67x
Earnings Quality
Cash Conversion
1.92x
OCF / Net Income ✓
FCF Consistency
–
Positive quarters
Competitive Moat Indicators
Pricing Power
Gross Margin82.0%
Capital Efficiency
Invested Capital Turnover0.85x
Working Capital
Cash Conversion Cycle30 days
Growth Quality & Momentum
Moderate Growth
Growth Quality Score
70/100
Growth 40%
Margins 30%
FCF 20%
Consistency 10%
Growth Rates
Revenue Growth YoY
22.2%
OpInc Growth YoY
5.9%
EPS Growth YoY
-1.6%
FCF 3Y CAGR
N/A
Margin Quality & Sustainability
Moderate
Profitability Cascade
Gross
82.0%
Operating
41.4%
Top 25% in sector
Net
30.1%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
—
FCF vs Net Gap
-7.1 pts
FCF: 22.9% | Net: 30.1%
Quality = stability + cash conversion + low dilution
Balance Sheet & Solvency
Fortress
Net Debt / EBITDA
Net Cash
(0.0x)Net Cash: $26.07B
Interest Coverage
–
+Net cash position: $26.07B
Leverage Metrics
Debt-to-Equity
0.27x
Balance sheet risk & solvency analysis