Meta Platforms (META) Financials

$637.23 -3.11 (-0.49%)

As of 09:54 AM Eastern

Annual Income Statements for Meta Platforms

This table shows Meta Platforms' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	62,360	39,098	23,200	39,370	29,146	18,485	22,111	15,920	10,188	3,669
Consolidated Net Income / (Loss)	62,360	39,098	23,200	39,370	29,146	18,485	22,112	15,934	10,217	3,688
Net Income / (Loss) Continuing Operations	62,360	39,098	23,200	39,370	29,146	18,485	22,112	15,934	10,217	3,688
Total Pre-Tax Income	70,663	47,428	28,819	47,284	33,180	24,812	25,361	20,594	12,518	6,194
Total Operating Income	69,380	46,751	28,944	46,753	32,671	23,986	24,913	20,203	12,427	6,225
Total Gross Profit	134,340	108,943	91,360	95,280	69,273	57,927	46,483	35,199	23,849	15,061
Total Revenue	164,501	134,902	116,609	117,929	85,965	70,697	55,838	40,653	27,638	17,928
Operating Revenue	164,501	134,902	116,609	117,929	85,965	70,697	55,838	40,653	27,638	17,928
Total Cost of Revenue	30,161	25,959	25,249	22,649	16,692	12,770	9,355	5,454	3,789	2,867
Operating Cost of Revenue	30,161	25,959	25,249	22,649	16,692	12,770	9,355	5,454	3,789	2,867
Total Operating Expenses	64,960	62,192	62,416	48,527	36,602	33,941	21,570	14,996	11,422	8,836
Selling, General & Admin Expense	9,740	11,408	11,816	9,829	6,564	10,465	3,451	2,517	1,731	1,295
Marketing Expense	11,347	12,301	15,262	14,043	11,591	9,876	7,846	4,725	3,772	2,725
Research & Development Expense	43,873	38,483	35,338	24,655	18,447	13,600	10,273	7,754	5,919	4,816
Total Other Income / (Expense), net	1,283	677	-125	531	509	826	448	391	91	-31
Other Income / (Expense), net	1,283	677	-125	531	509	826	448	391	91	-31
Income Tax Expense	8,303	8,330	5,619	7,914	4,034	6,327	3,249	4,660	2,301	2,506
Basic Earnings per Share	$24.61	$15.19	$8.63	$13.99	$10.22	$6.48	$7.65	$5.49	$3.56	$1.31
Weighted Average Basic Shares Outstanding	2.53B	2.57B	2.69B	2.82B	2.85B	2.85B	2.89B	2.90B	2.86B	2.80B
Diluted Earnings per Share	$23.86	$14.87	$8.59	$13.77	$10.09	$6.43	$7.57	$5.39	$3.49	$1.29
Weighted Average Diluted Shares Outstanding	2.61B	2.63B	2.70B	2.86B	2.89B	2.88B	2.92B	2.96B	2.93B	2.85B
Weighted Average Basic & Diluted Shares Outstanding	2.53B	2.55B	2.59B	2.72B	2.85B	2.85B	2.85B	2.90B	2.86B	2.80B
Cash Dividends to Common per Share	$2.00	-	-	-	-	-	-	-	-	-

This table shows Meta Platforms' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	16,644	20,838	15,688	13,465	12,369	14,018	11,583	7,788	5,709	4,653	4,395
Consolidated Net Income / (Loss)	16,644	20,838	15,688	13,465	12,369	14,018	11,583	7,788	5,709	4,653	4,395
Net Income / (Loss) Continuing Operations	16,644	20,838	15,688	13,465	12,369	14,018	11,583	7,788	5,709	4,653	4,395
Total Pre-Tax Income	18,382	23,552	17,822	15,106	14,183	16,808	14,020	9,293	7,307	6,149	5,576
Total Operating Income	17,555	23,365	17,350	14,847	13,818	16,384	13,748	9,392	7,227	6,398	5,664
Total Gross Profit	34,742	39,548	33,214	31,763	29,815	32,416	27,936	26,054	22,537	23,829	21,998
Total Revenue	42,314	48,386	40,589	39,071	36,455	40,112	34,146	31,999	28,645	32,165	27,714
Operating Revenue	42,314	48,386	40,589	39,071	36,455	40,112	34,146	31,999	28,645	32,165	27,714
Total Cost of Revenue	7,572	8,838	7,375	7,308	6,640	7,696	6,210	5,945	6,108	8,336	5,716
Operating Cost of Revenue	7,572	8,838	7,375	7,308	6,640	7,696	6,210	5,945	6,108	8,336	5,716
Total Operating Expenses	17,187	16,183	15,864	16,916	15,997	16,032	14,188	16,662	15,310	17,431	16,334
Selling, General & Admin Expense	2,280	762	1,865	3,658	3,455	2,289	2,070	4,164	2,885	3,085	3,384
Marketing Expense	2,757	3,240	2,822	2,721	2,564	3,226	2,877	3,154	3,044	4,575	3,780
Research & Development Expense	12,150	12,181	11,177	10,537	9,978	10,517	9,241	9,344	9,381	9,771	9,170
Total Other Income / (Expense), net	827	187	472	259	365	424	272	-99	80	-249	-88
Other Income / (Expense), net	827	187	472	259	365	424	272	-99	80	-249	-88
Income Tax Expense	1,738	2,714	2,134	1,641	1,814	2,790	2,437	1,505	1,598	1,496	1,181
Basic Earnings per Share	$6.59	$8.24	$6.20	$5.31	$4.86	$5.45	$4.50	$3.03	$2.21	$1.78	$1.64
Weighted Average Basic Shares Outstanding	2.53B	2.53B	2.53B	2.53B	2.55B	2.57B	2.58B	2.57B	2.59B	2.69B	2.68B
Diluted Earnings per Share	$6.43	$7.96	$6.03	$5.16	$4.71	$5.30	$4.39	$2.98	$2.20	$1.77	$1.64
Weighted Average Diluted Shares Outstanding	2.59B	2.61B	2.60B	2.61B	2.63B	2.63B	2.64B	2.61B	2.60B	2.70B	2.69B
Weighted Average Basic & Diluted Shares Outstanding	2.51B	2.53B	2.52B	2.53B	2.54B	2.55B	2.57B	2.57B	2.56B	2.59B	2.65B

This table details how cash moves in and out of Meta Platforms' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	2,611	27,231	-1,269	-1,089	-1,325	9,155	2,099	-905	3,943	592
Net Cash From Operating Activities	91,328	71,113	50,475	57,683	38,747	36,314	29,274	24,216	16,108	10,320
Net Cash From Continuing Operating Activities	91,328	71,113	50,475	57,683	38,747	36,314	29,274	24,216	16,108	10,320
Net Income / (Loss) Continuing Operations	62,360	39,098	23,200	39,370	29,146	18,485	22,112	15,934	10,217	3,688
Consolidated Net Income / (Loss)	62,360	39,098	23,200	39,370	29,146	18,485	22,112	15,934	10,217	3,688
Depreciation Expense	15,498	11,178	8,686	7,967	6,862	5,741	4,315	3,025	2,342	1,945
Non-Cash Adjustments To Reconcile Net Income	17,160	16,870	16,192	9,646	5,462	4,875	4,088	3,370	2,791	4,698
Changes in Operating Assets and Liabilities, net	-3,690	3,967	2,397	700	-2,723	7,213	-1,241	1,887	758	-11
Net Cash From Investing Activities	-47,150	-24,495	-28,970	-7,570	-30,059	-19,864	-11,603	-20,118	-11,792	-9,434
Net Cash From Continuing Investing Activities	-47,150	-24,495	-28,970	-7,570	-30,059	-19,864	-11,603	-20,118	-11,792	-9,434
Purchase of Property, Plant & Equipment	-37,256	-27,045	-31,186	-18,690	-15,163	-15,102	-13,915	-6,733	-4,491	-2,523
Acquisitions	-270	-629	-1,312	-851	-388	-508	-137	-122	-123	-313
Purchase of Investments	-25,542	-2,982	-9,626	-30,407	-40,291	-23,971	-14,681	-25,682	-22,341	-15,938
Sale and/or Maturity of Investments	15,789	6,184	13,158	42,586	25,771	19,717	17,130	12,432	15,155	9,238
Other Investing Activities, net	129	-23	-4.00	-331	-36	0.00	0.00	-13	8.00	102
Net Cash From Financing Activities	-40,781	-19,500	-22,136	-50,728	-10,292	-7,299	-15,572	-5,235	-310	-139
Net Cash From Continuing Financing Activities	-40,781	-19,500	-22,136	-50,728	-10,292	-7,299	-15,572	-5,235	-310	-139
Repayment of Debt	-277	-111	344	1.00	148	-223	-	-13	8.00	0.00
Repurchase of Common Equity	-30,125	-19,774	-27,956	-44,537	-6,272	-4,202	-12,879	-1,976	0.00	0.00
Payment of Dividends	-5,072	0.00	0.00	-	-	-	-	-	-	-
Issuance of Debt	10,432	8,455	9,921	0.00	0.00	15	515	-	-	-
Other Financing Activities, net	-15,739	-8,070	-4,445	-6,192	-4,168	-2,889	-3,208	-3,246	-318	-139
Effect of Exchange Rate Changes	-786	113	-638	-474	279	-	-	232	-63	-155
Cash Interest Paid	486	448	0.00	0.00	-	-	-	-	11	10
Cash Income Taxes Paid	10,554	6,607	6,407	8,525	4,229	5,182	3,762	2,117	1,210	270

This table details how cash moves in and out of Meta Platforms' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-15,367	311	12,101	-258	-9,543	4,927	8,096	17,384	-3,176	345	1,773
Net Cash From Operating Activities	24,026	27,988	24,724	19,370	19,246	19,404	20,402	17,309	13,998	14,511	9,692
Net Cash From Continuing Operating Activities	24,026	27,988	24,724	19,370	19,246	19,404	20,402	17,309	13,998	14,511	9,692
Net Income / (Loss) Continuing Operations	16,644	20,838	15,688	13,465	12,369	14,017	11,583	7,789	5,709	4,653	4,395
Consolidated Net Income / (Loss)	16,644	20,838	15,688	13,465	12,369	14,017	11,583	7,789	5,709	4,653	4,395
Depreciation Expense	3,900	4,460	4,027	3,637	3,374	3,172	2,859	2,623	2,524	2,376	2,175
Non-Cash Adjustments To Reconcile Net Income	3,916	4,526	6,345	3,009	3,280	3,355	6,955	3,366	3,194	8,837	2,554
Changes in Operating Assets and Liabilities, net	-434	-1,836	-1,336	-741	223	-1,140	-995	3,531	2,571	-1,355	568
Net Cash From Investing Activities	-20,010	-21,498	-8,620	-8,298	-8,734	-6,472	-6,077	-5,203	-6,743	-7,531	-9,701
Net Cash From Continuing Investing Activities	-20,010	-21,498	-8,620	-8,298	-8,734	-6,472	-6,077	-5,203	-6,743	-7,531	-9,701
Purchase of Property, Plant & Equipment	-12,941	-14,425	-8,258	-8,173	-6,400	-7,592	-6,496	-6,134	-6,823	-8,798	-9,375
Purchase of Investments	-11,763	-10,898	-4,468	-3,289	-6,887	-1,172	-1,007	-718	-85	-741	-2,597
Sale and/or Maturity of Investments	4,784	3,817	4,114	3,233	4,625	2,359	1,474	1,817	534	2,263	2,269
Other Investing Activities, net	-90	17	124	-12	0.00	-3.00	-10	-85	75	-3.00	16
Net Cash From Financing Activities	-19,495	-5,465	-4,371	-11,178	-19,767	-8,401	-5,875	5,292	-10,516	-7,060	2,147
Net Cash From Continuing Financing Activities	-19,495	-5,465	-4,371	-11,178	-19,767	-8,401	-5,875	5,292	-10,516	-7,060	2,147
Repayment of Debt	222	73	-235	-106	-9.00	71	49	-353	122	695	-246
Repurchase of Common Equity	-12,754	-	-8,818	-6,299	-15,008	-5,942	-3,569	-898	-9,365	-6,863	-6,354
Payment of Dividends	-1,329	-1,270	-1,263	-1,266	-1,273	-	-	-	0.00	-	-
Other Financing Activities, net	-5,634	-4,268	-4,487	-3,507	-3,477	-2,530	-2,355	-1,912	-1,273	-892	-1,174
Effect of Exchange Rate Changes	112	-714	368	-152	-288	396	-354	-14	85	425	-365
Cash Interest Paid	352	130	111	124	121	146	120	-	182	-	-
Cash Income Taxes Paid	448	2,228	1,767	5,929	630	4,591	509	1,102	405	1,760	2,006

This table presents Meta Platforms' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	276,054	229,623	185,727	165,987	159,316	133,376	97,334	84,524	64,961	49,407
Total Current Assets	100,045	85,365	59,549	66,666	75,670	66,225	50,480	48,563	34,401	21,652
Cash & Equivalents	43,889	41,862	14,681	16,601	17,576	19,079	10,019	8,079	8,903	4,907
Short-Term Investments	33,926	23,541	26,057	31,397	44,378	35,776	31,095	33,632	20,546	13,527
Accounts Receivable	16,994	16,169	13,466	14,039	11,335	9,518	7,587	5,832	3,993	2,559
Prepaid Expenses	5,236	3,793	5,345	4,629	2,381	1,852	1,779	1,020	959	659
Plant, Property, & Equipment, net	121,346	96,587	79,518	57,809	45,633	35,323	24,683	13,721	8,591	5,687
Total Noncurrent Assets	54,663	47,671	46,660	41,512	38,013	31,828	22,171	22,240	21,969	22,068
Long-Term Investments	6,070	6,141	6,201	6,775	6,234	86	-	-	-	-
Goodwill	20,654	20,654	20,306	19,197	19,050	18,715	18,301	18,221	18,122	18,026
Other Noncurrent Operating Assets	27,939	20,876	19,256	14,906	12,106	12,133	2,576	2,135	1,312	796
Total Liabilities & Shareholders' Equity	276,054	229,623	185,727	165,987	159,316	133,376	97,334	84,524	64,961	49,407
Total Liabilities	93,417	76,455	60,014	41,108	31,026	32,322	13,207	10,177	5,767	5,189
Total Current Liabilities	33,596	31,960	27,026	21,135	14,981	15,053	7,017	3,760	2,875	1,925
Short-Term Debt	1,942	1,623	1,367	1,127	1,023	800	0.00	-	-	7.00
Accounts Payable	7,687	4,849	6,107	5,135	2,424	2,249	1,361	770	582	413
Accrued Expenses	23,967	25,488	19,552	14,873	11,152	11,735	5,509	2,892	2,203	1,449
Total Noncurrent Liabilities	59,821	44,495	32,988	19,973	16,045	17,269	6,190	6,417	2,892	3,264
Long-Term Debt	28,826	18,385	9,923	0.00	-	-	-	-	-	-
Capital Lease Obligations	18,292	17,226	15,301	12,746	9,631	9,524	0.00	-	-	107
Noncurrent Deferred Revenue	9,987	7,514	-	-	-	-	-	-	-	-
Other Noncurrent Operating Liabilities	2,716	1,370	7,764	7,227	6,414	7,745	6,190	6,417	2,892	3,157
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	182,637	153,168	125,713	124,879	128,290	101,054	84,127	74,347	59,194	44,218
Total Preferred & Common Equity	182,637	153,168	125,713	124,879	128,290	101,054	84,127	74,347	59,194	44,218
Total Common Equity	182,637	153,168	125,713	124,879	128,290	101,054	84,127	74,347	59,194	44,218
Common Stock	83,228	73,253	64,444	55,811	50,018	45,851	42,906	40,584	38,227	34,886
Retained Earnings	102,506	82,070	64,799	69,761	77,345	55,692	41,981	33,990	21,670	9,787
Accumulated Other Comprehensive Income / (Loss)	-3,097	-2,155	-3,530	-693	927	-489	-760	-227	-703	-455

This table presents Meta Platforms' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Total Assets	280,213	276,054	256,408	230,238	222,844	229,623	216,274	206,688	184,491	185,727	178,894
Total Current Assets	90,227	100,045	91,067	76,431	75,330	85,365	78,378	69,560	52,483	59,549	58,315
Cash & Equivalents	28,750	43,889	43,852	32,045	32,307	41,862	36,890	28,785	11,551	14,681	14,308
Short-Term Investments	41,480	33,926	27,048	26,035	25,813	23,541	24,233	24,661	25,888	26,057	27,468
Accounts Receivable	14,514	16,994	14,700	14,505	13,430	16,169	12,944	12,511	11,044	13,466	11,227
Prepaid Expenses	5,483	5,236	5,467	3,846	3,780	3,793	4,311	3,603	4,000	5,345	5,312
Plant, Property, & Equipment, net	133,567	121,346	112,162	102,959	98,908	96,587	91,772	87,949	84,156	79,518	73,738
Total Noncurrent Assets	56,419	54,663	53,179	50,848	48,606	47,671	46,124	49,179	47,852	46,660	46,841
Long-Term Investments	6,168	6,070	6,071	6,207	6,218	6,141	6,142	6,208	6,167	6,201	6,528
Goodwill	20,654	20,654	20,654	20,654	20,654	20,654	20,668	20,659	20,649	20,306	20,268
Other Noncurrent Operating Assets	29,597	27,939	26,454	23,987	21,734	20,876	18,501	21,456	20,087	19,256	19,170
Total Liabilities & Shareholders' Equity	280,213	276,054	256,408	230,238	222,844	229,623	216,274	206,688	184,491	185,727	178,894
Total Liabilities	95,184	93,417	91,879	73,475	73,315	76,455	73,401	72,655	59,696	60,014	54,800
Total Current Liabilities	33,890	33,596	33,330	27,004	28,101	31,960	30,531	29,921	25,381	27,026	22,687
Short-Term Debt	1,976	1,942	2,016	1,917	1,676	1,623	1,460	1,396	1,479	1,367	1,291
Accounts Payable	8,512	7,687	7,656	3,173	3,785	4,849	5,142	3,865	4,557	6,107	4,846
Accrued Expenses	23,402	23,967	23,658	21,914	22,640	25,488	23,929	24,660	19,345	19,552	16,036
Total Noncurrent Liabilities	61,294	59,821	58,549	46,471	45,214	44,495	42,870	42,734	34,315	32,988	32,113
Long-Term Debt	28,829	28,826	28,823	18,389	18,387	18,385	18,383	18,382	9,925	9,923	9,922
Capital Lease Obligations	18,714	18,292	18,208	17,685	17,570	17,226	16,374	16,440	16,171	15,301	14,687
Noncurrent Deferred Revenue	10,991	9,987	9,171	7,897	7,795	7,514	-	-	-	-	-
Other Noncurrent Operating Liabilities	2,760	2,716	2,347	2,500	1,462	1,370	8,113	7,912	8,219	7,764	7,504
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	185,029	182,637	164,529	156,763	149,529	153,168	142,873	134,033	124,795	125,713	124,094
Total Preferred & Common Equity	185,029	182,637	164,529	156,763	149,529	153,168	142,873	134,033	124,795	125,713	124,094
Total Common Equity	185,029	182,637	164,529	156,763	149,529	153,168	142,873	134,033	124,795	125,713	124,094
Common Stock	85,568	83,228	80,749	78,270	75,391	73,253	71,224	69,159	66,535	64,444	62,092
Retained Earnings	101,326	102,506	84,972	81,188	76,793	82,070	75,205	67,980	61,241	64,799	67,056
Accumulated Other Comprehensive Income / (Loss)	-1,865	-3,097	-1,192	-2,695	-2,655	-2,155	-3,556	-3,106	-2,981	-3,530	-5,054

This table displays calculated financial ratios and metrics derived from Meta Platforms' official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	21.94%	15.69%	-1.12%	37.18%	21.60%	26.61%	37.35%	47.09%	54.16%	43.82%
EBITDA Growth	47.02%	56.26%	-32.12%	37.98%	31.06%	2.96%	25.64%	58.94%	82.58%	32.28%
EBIT Growth	48.99%	64.57%	-39.05%	42.51%	33.73%	-2.16%	23.15%	64.52%	102.10%	26.15%
NOPAT Growth	58.87%	65.40%	-40.14%	35.64%	60.60%	-17.73%	38.96%	54.12%	173.65%	23.95%
Net Income Growth	59.50%	68.53%	-41.07%	35.08%	57.67%	-16.40%	38.77%	55.96%	177.03%	25.44%
EPS Growth	60.46%	73.11%	-37.62%	36.47%	56.92%	-15.06%	40.45%	54.44%	170.54%	17.27%
Operating Cash Flow Growth	28.43%	40.89%	-12.50%	48.87%	6.70%	24.05%	20.89%	50.34%	56.09%	40.87%
Free Cash Flow Firm Growth	28.85%	1,208.19%	-92.55%	78.76%	223.46%	-60.81%	-10.96%	102.37%	114.25%	116.66%
Invested Capital Growth	24.36%	12.81%	25.47%	18.69%	25.37%	31.21%	31.80%	9.72%	14.85%	3.06%
Revenue Q/Q Growth	5.30%	6.26%	-1.28%	4.99%	8.85%	6.26%	7.60%	11.41%	12.03%	12.49%
EBITDA Q/Q Growth	10.28%	24.29%	-14.17%	-0.36%	11.97%	4.95%	3.06%	15.49%	15.99%	23.60%
EBIT Q/Q Growth	10.55%	28.99%	-18.53%	-0.74%	13.27%	5.07%	2.05%	16.57%	18.76%	30.40%
NOPAT Q/Q Growth	12.93%	29.63%	-18.63%	-1.99%	15.68%	2.06%	13.24%	4.08%	24.98%	29.78%
Net Income Q/Q Growth	12.28%	31.50%	-19.53%	-2.32%	15.32%	2.60%	13.39%	4.60%	24.46%	30.41%
EPS Q/Q Growth	12.55%	31.13%	-17.88%	-1.64%	15.05%	2.72%	14.18%	4.46%	23.32%	30.30%
Operating Cash Flow Q/Q Growth	10.37%	7.39%	-6.65%	7.58%	14.67%	4.20%	-0.18%	12.76%	2.43%	11.88%
Free Cash Flow Firm Q/Q Growth	9.63%	27.82%	-76.40%	2.35%	57.88%	-23.12%	-12.50%	26.46%	7.57%	118.85%
Invested Capital Q/Q Growth	8.20%	6.29%	3.61%	3.46%	6.30%	10.96%	9.91%	-0.86%	6.33%	0.72%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	81.67%	80.76%	78.35%	80.79%	80.58%	81.94%	83.25%	86.58%	86.29%	84.01%
EBITDA Margin	52.38%	43.44%	32.16%	46.85%	46.58%	43.22%	53.15%	58.10%	53.77%	45.40%
Operating Margin	42.18%	34.66%	24.82%	39.65%	38.01%	33.93%	44.62%	49.70%	44.96%	34.72%
EBIT Margin	42.96%	35.16%	24.71%	40.10%	38.60%	35.10%	45.42%	50.66%	45.29%	34.55%
Profit (Net Income) Margin	37.91%	28.98%	19.90%	33.38%	33.90%	26.15%	39.60%	39.20%	36.97%	20.57%
Tax Burden Percent	88.25%	82.44%	80.50%	83.26%	87.84%	74.50%	87.19%	77.37%	81.62%	59.54%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	11.75%	17.56%	19.50%	16.74%	12.16%	25.50%	12.81%	22.63%	18.38%	40.46%
Return on Invested Capital (ROIC)	45.92%	34.38%	24.61%	50.32%	45.13%	35.94%	57.43%	50.12%	36.46%	14.53%
ROIC Less NNEP Spread (ROIC-NNEP)	42.64%	32.33%	24.94%	49.42%	44.25%	34.50%	56.48%	49.27%	36.15%	14.65%
Return on Net Nonoperating Assets (RNNOA)	-8.78%	-6.34%	-6.10%	-19.21%	-19.71%	-15.97%	-29.52%	-26.25%	-16.70%	-5.34%
Return on Equity (ROE)	37.14%	28.04%	18.52%	31.10%	25.42%	19.96%	27.91%	23.86%	19.76%	9.18%
Cash Return on Invested Capital (CROIC)	24.21%	22.34%	2.02%	33.22%	22.61%	8.94%	29.99%	40.85%	22.63%	11.52%
Operating Return on Assets (OROA)	27.95%	22.84%	16.39%	29.07%	22.67%	21.51%	27.89%	27.55%	21.89%	13.86%
Return on Assets (ROA)	24.66%	18.83%	13.19%	24.21%	19.92%	16.02%	24.32%	21.32%	17.87%	8.25%
Return on Common Equity (ROCE)	37.14%	28.04%	18.52%	31.10%	25.42%	19.96%	27.91%	23.86%	19.76%	9.18%
Return on Equity Simple (ROE_SIMPLE)	34.14%	25.53%	18.45%	31.53%	22.72%	18.29%	26.28%	21.43%	17.26%	8.34%
Net Operating Profit after Tax (NOPAT)	61,228	38,540	23,301	38,928	28,699	17,870	21,721	15,631	10,143	3,706
NOPAT Margin	37.22%	28.57%	19.98%	33.01%	33.38%	25.28%	38.90%	38.45%	36.70%	20.67%
Net Nonoperating Expense Percent (NNEP)	3.28%	2.04%	-0.33%	0.90%	0.88%	1.44%	0.94%	0.85%	0.31%	-0.13%
Return On Investment Capital (ROIC_SIMPLE)	26.43%	20.24%	15.30%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	18.33%	19.24%	21.65%	19.21%	19.42%	18.06%	16.75%	13.42%	13.71%	15.99%
SG&A Expenses to Revenue	5.92%	8.46%	10.13%	8.33%	7.64%	14.80%	6.18%	6.19%	6.26%	7.22%
R&D to Revenue	26.67%	28.53%	30.30%	20.91%	21.46%	19.24%	18.40%	19.07%	21.42%	26.86%
Operating Expenses to Revenue	39.49%	46.10%	53.53%	41.15%	42.58%	48.01%	38.63%	36.89%	41.33%	49.29%
Earnings before Interest and Taxes (EBIT)	70,663	47,428	28,819	47,284	33,180	24,812	25,361	20,594	12,518	6,194
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	86,161	58,606	37,505	55,251	40,042	30,553	29,676	23,619	14,860	8,139
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	8.09	5.92	2.53	7.48	6.05	5.78	4.47	6.88	5.59	6.68
Price to Tangible Book Value (P/TBV)	9.13	6.84	3.04	8.89	7.15	7.17	5.83	9.43	8.59	12.87
Price to Revenue (P/Rev)	8.99	6.72	2.73	7.92	9.03	8.26	6.73	12.59	11.97	16.48
Price to Earnings (P/E)	23.70	23.18	13.70	23.72	26.64	31.60	17.00	32.14	32.48	80.50
Dividend Yield	0.34%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	4.22%	4.31%	7.30%	4.22%	3.75%	3.16%	5.88%	3.11%	3.08%	1.24%
Enterprise Value to Invested Capital (EV/IC)	9.76	7.34	2.82	10.63	10.16	9.56	7.78	14.40	10.14	10.70
Enterprise Value to Revenue (EV/Rev)	8.77	6.46	2.55	7.57	8.36	7.63	6.00	11.56	10.91	15.45
Enterprise Value to EBITDA (EV/EBITDA)	16.75	14.88	7.93	16.16	17.95	17.66	11.28	19.90	20.29	34.04
Enterprise Value to EBIT (EV/EBIT)	20.43	18.38	10.32	18.88	21.67	21.74	13.20	22.82	24.08	44.73
Enterprise Value to NOPAT (EV/NOPAT)	23.57	22.62	12.77	22.94	25.05	30.19	15.42	30.07	29.72	74.75
Enterprise Value to Operating Cash Flow (EV/OCF)	15.80	12.26	5.89	15.48	18.55	14.86	11.44	19.41	18.72	26.85
Enterprise Value to Free Cash Flow (EV/FCFF)	44.72	34.81	155.40	34.73	49.99	121.36	29.52	36.89	47.88	94.28
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.27	0.24	0.21	0.11	0.08	0.10	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.26	0.23	0.20	0.10	0.08	0.09	0.00	0.00	0.00	0.00
Financial Leverage	-0.21	-0.20	-0.24	-0.39	-0.45	-0.46	-0.52	-0.53	-0.46	-0.36
Leverage Ratio	1.51	1.49	1.40	1.28	1.28	1.25	1.15	1.12	1.11	1.11
Compound Leverage Factor	1.51	1.49	1.40	1.28	1.28	1.25	1.15	1.12	1.11	1.11
Debt to Total Capital	21.17%	19.56%	17.46%	10.00%	7.67%	9.27%	0.00%	0.00%	0.00%	0.26%
Short-Term Debt to Total Capital	0.84%	0.85%	0.90%	0.81%	0.74%	0.72%	0.00%	0.00%	0.00%	0.02%
Long-Term Debt to Total Capital	20.34%	18.70%	16.56%	9.19%	6.93%	8.55%	0.00%	0.00%	0.00%	0.24%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	78.83%	80.44%	82.54%	90.00%	92.33%	90.73%	100.00%	100.00%	100.00%	99.74%
Debt to EBITDA	0.57	0.64	0.71	0.25	0.27	0.34	0.00	0.00	0.00	0.01
Net Debt to EBITDA	-0.40	-0.59	-0.54	-0.74	-1.44	-1.46	0.00	0.00	0.00	-2.25
Long-Term Debt to EBITDA	0.55	0.61	0.67	0.23	0.24	0.31	0.00	0.00	0.00	0.01
Debt to NOPAT	0.80	0.97	1.14	0.36	0.37	0.58	0.00	0.00	0.00	0.03
Net Debt to NOPAT	-0.57	-0.89	-0.87	-1.05	-2.00	-2.50	0.00	0.00	0.00	-4.94
Long-Term Debt to NOPAT	0.77	0.92	1.08	0.33	0.34	0.53	0.00	0.00	0.00	0.03
Altman Z-Score	11.74	9.16	5.02	16.20	17.38	13.03	19.65	32.65	36.54	35.69
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.98	2.67	2.20	3.15	5.05	4.40	7.19	12.92	11.97	11.25
Quick Ratio	2.82	2.55	2.01	2.94	4.89	4.28	6.94	12.64	11.63	10.91
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	32,274	25,047	1,915	25,705	14,380	4,446	11,344	12,740	6,296	2,938
Operating Cash Flow to CapEx	245.14%	262.94%	161.85%	310.67%	256.35%	240.46%	210.38%	359.66%	358.67%	409.04%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.65	0.65	0.66	0.73	0.59	0.61	0.61	0.54	0.48	0.40
Accounts Receivable Turnover	9.92	9.10	8.48	9.30	8.24	8.27	8.32	8.28	8.44	8.46
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	1.51	1.53	1.70	2.28	2.12	2.36	2.91	3.64	3.87	3.71
Accounts Payable Turnover	4.81	4.74	4.49	5.99	7.14	7.07	8.78	8.07	7.62	7.25
Days Sales Outstanding (DSO)	36.79	40.09	43.05	39.27	44.27	44.16	43.86	44.11	43.26	43.13
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	75.85	77.02	81.26	60.91	51.09	51.59	41.57	45.24	47.92	50.35
Cash Conversion Cycle (CCC)	-39.06	-36.93	-38.21	-21.64	-6.82	-7.44	2.29	-1.13	-4.66	-7.22
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	147,812	118,858	105,365	83,979	70,756	56,437	43,013	32,636	29,745	25,898
Invested Capital Turnover	1.23	1.20	1.23	1.52	1.35	1.42	1.48	1.30	0.99	0.70
Increase / (Decrease) in Invested Capital	28,954	13,493	21,386	13,223	14,319	13,424	10,377	2,891	3,847	768
Enterprise Value (EV)	1,443,288	871,857	297,525	892,826	718,910	539,504	334,838	469,996	301,464	277,051
Market Capitalization	1,478,113	906,167	317,873	933,726	776,444	584,121	375,952	511,707	330,913	295,371
Book Value per Share	$72.35	$59.60	$47.41	$44.89	$45.04	$35.44	$29.27	$25.59	$20.54	$15.64
Tangible Book Value per Share	$64.16	$51.56	$39.41	$37.76	$38.13	$28.56	$22.46	$18.67	$13.37	$8.11
Total Capital	231,697	190,402	152,304	138,752	138,944	111,378	84,127	74,347	59,194	44,332
Total Debt	49,060	37,234	26,591	13,873	10,654	10,324	0.00	0.00	0.00	114
Total Long-Term Debt	47,118	35,611	25,224	12,746	9,631	9,524	0.00	0.00	0.00	107
Net Debt	-34,825	-34,310	-20,348	-40,900	-57,534	-44,617	-41,114	-41,711	-29,449	-18,320
Capital Expenditures (CapEx)	37,256	27,045	31,186	18,567	15,115	15,102	13,915	6,733	4,491	2,523
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-9,424	-10,375	-6,848	-1,340	-242	-2,883	2,349	3,092	2,077	1,300
Debt-free Net Working Capital (DFNWC)	68,391	55,028	33,890	46,658	61,712	51,972	43,463	44,803	31,526	19,734
Net Working Capital (NWC)	66,449	53,405	32,523	45,531	60,689	51,172	43,463	44,803	31,526	19,727
Net Nonoperating Expense (NNE)	-1,132	-558	101	-442	-447	-615	-391	-303	-74	18
Net Nonoperating Obligations (NNO)	-34,825	-34,310	-20,348	-40,900	-57,534	-44,617	-41,114	-41,711	-29,449	-18,320
Total Depreciation and Amortization (D&A)	15,498	11,178	8,686	7,967	6,862	5,741	4,315	3,025	2,342	1,945
Debt-free, Cash-free Net Working Capital to Revenue	-5.73%	-7.69%	-5.87%	-1.14%	-0.28%	-4.08%	4.21%	7.61%	7.52%	7.25%
Debt-free Net Working Capital to Revenue	41.57%	40.79%	29.06%	39.56%	71.79%	73.51%	77.84%	110.21%	114.07%	110.07%
Net Working Capital to Revenue	40.39%	39.59%	27.89%	38.61%	70.60%	72.38%	77.84%	110.21%	114.07%	110.03%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$24.61	$15.19	$8.63	$13.99	$10.22	$6.48	$7.65	$5.49	$3.56	$1.31
Adjusted Weighted Average Basic Shares Outstanding	2.53B	2.57B	2.69B	2.82B	2.85B	2.85B	2.89B	2.90B	2.86B	2.80B
Adjusted Diluted Earnings per Share	$23.86	$14.87	$8.59	$13.77	$10.09	$6.43	$7.57	$5.39	$3.49	$1.29
Adjusted Weighted Average Diluted Shares Outstanding	2.61B	2.63B	2.70B	2.86B	2.89B	2.88B	2.92B	2.96B	2.93B	2.85B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	2.53B	2.55B	2.59B	2.72B	2.85B	2.85B	2.85B	2.91B	2.89B	2.85B
Normalized Net Operating Profit after Tax (NOPAT)	61,228	38,540	23,301	38,928	28,699	17,870	21,721	15,631	10,143	3,706
Normalized NOPAT Margin	37.22%	28.57%	19.98%	33.01%	33.38%	25.28%	38.90%	38.45%	36.70%	20.67%
Pre Tax Income Margin	42.96%	35.16%	24.71%	40.10%	38.60%	35.10%	45.42%	50.66%	45.29%	34.55%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	8.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	56.44%	50.58%	120.50%	113.12%	21.52%	22.73%	58.24%	12.40%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Meta Platforms' official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	16.07%	20.63%	18.87%	22.10%	27.26%	24.71%	23.21%	11.02%	2.64%	-4.47%	-4.47%
EBITDA Growth	26.91%	40.20%	29.44%	57.29%	78.59%	134.37%	117.77%	17.23%	-11.14%	-42.07%	-38.29%
EBIT Growth	29.61%	40.12%	27.12%	62.55%	94.10%	173.35%	151.43%	13.52%	-17.97%	-51.59%	-47.22%
NOPAT Growth	31.90%	51.29%	34.46%	68.14%	113.42%	182.24%	154.42%	15.28%	-20.95%	-52.49%	-50.78%
Net Income Growth	34.56%	48.65%	35.44%	72.89%	116.66%	201.27%	163.55%	16.46%	-23.52%	-54.76%	-52.20%
EPS Growth	36.52%	50.19%	37.36%	73.15%	114.09%	199.44%	167.68%	21.14%	-19.12%	-51.37%	-49.07%
Operating Cash Flow Growth	24.84%	44.24%	21.18%	11.91%	37.49%	33.72%	110.50%	41.92%	-0.55%	-19.85%	-31.21%
Free Cash Flow Firm Growth	-867.04%	-4,932.19%	-877.21%	16.18%	87.82%	101.04%	107.62%	3.69%	-246.47%	-445.39%	-190.20%
Invested Capital Growth	28.76%	24.36%	22.16%	17.97%	12.93%	12.81%	9.97%	16.65%	25.57%	25.47%	25.28%
Revenue Q/Q Growth	-12.55%	19.21%	3.89%	7.18%	-9.12%	17.47%	6.71%	11.71%	-10.94%	16.06%	-3.84%
EBITDA Q/Q Growth	-20.46%	28.21%	16.57%	6.76%	-12.13%	18.37%	41.65%	21.21%	15.32%	9.99%	-23.75%
EBIT Q/Q Growth	-21.95%	32.15%	17.98%	6.51%	-15.62%	19.89%	50.87%	27.18%	18.83%	10.28%	-31.88%
NOPAT Q/Q Growth	-23.11%	35.36%	15.40%	9.82%	-11.81%	20.30%	44.31%	39.40%	16.63%	8.45%	-34.61%
Net Income Q/Q Growth	-20.13%	32.83%	16.51%	8.86%	-11.76%	21.02%	48.73%	36.42%	22.70%	5.87%	-34.28%
EPS Q/Q Growth	-19.22%	32.01%	16.86%	9.55%	-11.13%	20.73%	47.32%	35.45%	24.29%	7.93%	-33.33%
Operating Cash Flow Q/Q Growth	-14.16%	13.20%	27.64%	0.64%	-0.81%	-4.89%	17.87%	23.65%	-3.54%	49.72%	-20.53%
Free Cash Flow Firm Q/Q Growth	-134.63%	12.90%	-43.27%	-230.25%	-1,272.43%	-85.99%	115.45%	52.02%	0.26%	-3.03%	-95.35%
Invested Capital Q/Q Growth	6.99%	8.20%	4.70%	6.22%	3.34%	6.29%	1.11%	1.69%	3.23%	3.61%	7.26%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	82.11%	81.73%	81.83%	81.30%	81.79%	80.81%	81.81%	81.42%	78.68%	74.08%	79.38%
EBITDA Margin	52.66%	57.89%	53.83%	47.97%	48.16%	49.81%	49.43%	37.24%	34.32%	26.50%	27.97%
Operating Margin	41.49%	48.29%	42.75%	38.00%	37.90%	40.85%	40.26%	29.35%	25.23%	19.89%	20.44%
EBIT Margin	43.44%	48.68%	43.91%	38.66%	38.91%	41.90%	41.06%	29.04%	25.51%	19.12%	20.12%
Profit (Net Income) Margin	39.33%	43.07%	38.65%	34.46%	33.93%	34.95%	33.92%	24.34%	19.93%	14.47%	15.86%
Tax Burden Percent	90.55%	88.48%	88.03%	89.14%	87.21%	83.40%	82.62%	83.81%	78.13%	75.67%	78.82%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	9.45%	11.52%	11.97%	10.86%	12.79%	16.60%	17.38%	16.20%	21.87%	24.33%	21.18%
Return on Invested Capital (ROIC)	45.55%	52.71%	47.32%	42.09%	40.74%	40.99%	39.56%	28.87%	23.68%	18.54%	20.81%
ROIC Less NNEP Spread (ROIC-NNEP)	42.76%	52.23%	45.92%	41.16%	39.25%	39.70%	38.72%	29.17%	23.44%	19.15%	21.00%
Return on Net Nonoperating Assets (RNNOA)	-6.85%	-10.75%	-8.81%	-7.04%	-6.11%	-7.78%	-7.75%	-6.11%	-4.98%	-4.68%	-6.08%
Return on Equity (ROE)	38.70%	41.96%	38.52%	35.05%	34.63%	33.21%	31.81%	22.76%	18.70%	13.86%	14.73%
Cash Return on Invested Capital (CROIC)	21.18%	24.21%	23.70%	25.25%	26.67%	22.34%	18.35%	6.86%	-0.37%	2.02%	8.87%
Operating Return on Assets (OROA)	29.42%	31.67%	29.02%	26.51%	27.26%	27.22%	26.38%	18.59%	17.17%	12.68%	13.64%
Return on Assets (ROA)	26.64%	28.02%	25.55%	23.63%	23.77%	22.70%	21.80%	15.58%	13.41%	9.59%	10.75%
Return on Common Equity (ROCE)	38.70%	41.96%	38.52%	35.05%	34.63%	33.21%	31.81%	22.76%	18.70%	13.86%	14.73%
Return on Equity Simple (ROE_SIMPLE)	36.01%	0.00%	33.76%	32.81%	30.60%	0.00%	20.81%	16.82%	17.18%	0.00%	23.23%
Net Operating Profit after Tax (NOPAT)	15,895	20,673	15,273	13,234	12,051	13,664	11,358	7,871	5,646	4,841	4,464
NOPAT Margin	37.56%	42.72%	37.63%	33.87%	33.06%	34.07%	33.26%	24.60%	19.71%	15.05%	16.11%
Net Nonoperating Expense Percent (NNEP)	2.79%	0.48%	1.41%	0.93%	1.49%	1.29%	0.84%	-0.31%	0.24%	-0.62%	-0.19%
Return On Investment Capital (ROIC_SIMPLE)	6.78%	8.92%	-	-	-	7.18%	-	-	-	3.18%	-
Cost of Revenue to Revenue	17.89%	18.27%	18.17%	18.70%	18.21%	19.19%	18.19%	18.58%	21.32%	25.92%	20.63%
SG&A Expenses to Revenue	5.39%	1.57%	4.59%	9.36%	9.48%	5.71%	6.06%	13.01%	10.07%	9.59%	12.21%
R&D to Revenue	28.71%	25.17%	27.54%	26.97%	27.37%	26.22%	27.06%	29.20%	32.75%	30.38%	33.09%
Operating Expenses to Revenue	40.62%	33.45%	39.08%	43.30%	43.88%	39.97%	41.55%	52.07%	53.45%	54.19%	58.94%
Earnings before Interest and Taxes (EBIT)	18,382	23,552	17,822	15,106	14,183	16,808	14,020	9,293	7,307	6,149	5,576
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	22,282	28,012	21,849	18,743	17,557	19,980	16,879	11,916	9,831	8,525	7,751
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	7.89	8.09	8.80	8.16	8.34	5.92	5.39	5.48	4.39	2.53	2.93
Price to Tangible Book Value (P/TBV)	8.88	9.13	10.07	9.40	9.67	6.84	6.34	6.52	5.31	3.04	3.53
Price to Revenue (P/Rev)	8.57	8.99	9.27	8.54	8.74	6.72	6.07	6.09	4.67	2.73	3.08
Price to Earnings (P/E)	21.91	23.70	26.07	24.87	27.24	23.18	25.90	32.55	25.57	13.70	12.62
Dividend Yield	0.35%	0.34%	0.26%	0.20%	0.10%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	4.56%	4.22%	3.84%	4.02%	3.67%	4.31%	3.86%	3.07%	3.91%	7.30%	7.92%
Enterprise Value to Invested Capital (EV/IC)	9.06	9.76	10.40	9.60	9.93	7.34	6.61	6.42	4.89	2.82	3.36
Enterprise Value to Revenue (EV/Rev)	8.41	8.77	9.09	8.36	8.55	6.46	5.82	5.90	4.54	2.55	2.89
Enterprise Value to EBITDA (EV/EBITDA)	15.77	16.75	18.18	17.12	18.39	14.88	15.68	18.69	14.68	7.93	7.82
Enterprise Value to EBIT (EV/EBIT)	19.15	20.43	22.22	20.84	22.46	18.38	20.10	25.08	19.56	10.32	9.65
Enterprise Value to NOPAT (EV/NOPAT)	22.02	23.57	26.19	24.90	27.14	22.62	24.86	31.12	24.44	12.77	11.93
Enterprise Value to Operating Cash Flow (EV/OCF)	14.91	15.80	17.16	15.97	15.98	12.26	11.16	12.80	10.56	5.89	6.32
Enterprise Value to Free Cash Flow (EV/FCFF)	48.17	44.72	48.24	41.16	39.50	34.81	37.72	100.92	0.00	155.40	42.10
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.27	0.27	0.30	0.24	0.25	0.24	0.25	0.27	0.22	0.21	0.21
Long-Term Debt to Equity	0.26	0.26	0.29	0.23	0.24	0.23	0.24	0.26	0.21	0.20	0.20
Financial Leverage	-0.16	-0.21	-0.19	-0.17	-0.16	-0.20	-0.20	-0.21	-0.21	-0.24	-0.29
Leverage Ratio	1.50	1.51	1.54	1.50	1.48	1.49	1.48	1.45	1.41	1.40	1.35
Compound Leverage Factor	1.50	1.51	1.54	1.50	1.48	1.49	1.48	1.45	1.41	1.40	1.35
Debt to Total Capital	21.11%	21.17%	22.96%	19.51%	20.11%	19.56%	20.22%	21.27%	18.10%	17.46%	17.27%
Short-Term Debt to Total Capital	0.84%	0.84%	0.94%	0.98%	0.90%	0.85%	0.82%	0.82%	0.97%	0.90%	0.86%
Long-Term Debt to Total Capital	20.27%	20.34%	22.02%	18.52%	19.21%	18.70%	19.41%	20.45%	17.13%	16.56%	16.41%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	78.89%	78.83%	77.04%	80.49%	79.89%	80.44%	79.78%	78.73%	81.90%	82.54%	82.73%
Debt to EBITDA	0.54	0.57	0.63	0.52	0.57	0.64	0.77	0.95	0.76	0.71	0.59
Net Debt to EBITDA	-0.30	-0.40	-0.36	-0.36	-0.40	-0.59	-0.66	-0.62	-0.44	-0.54	-0.51
Long-Term Debt to EBITDA	0.52	0.55	0.60	0.49	0.54	0.61	0.74	0.92	0.72	0.67	0.56
Debt to NOPAT	0.76	0.80	0.90	0.76	0.84	0.97	1.22	1.59	1.27	1.14	0.90
Net Debt to NOPAT	-0.41	-0.57	-0.52	-0.52	-0.59	-0.89	-1.04	-1.03	-0.74	-0.87	-0.78
Long-Term Debt to NOPAT	0.73	0.77	0.87	0.72	0.80	0.92	1.17	1.53	1.20	1.08	0.86
Altman Z-Score	10.78	11.18	11.03	12.06	11.79	8.72	7.85	7.48	6.92	4.61	5.51
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.66	2.98	2.73	2.83	2.68	2.67	2.57	2.32	2.07	2.20	2.57
Quick Ratio	2.50	2.82	2.57	2.69	2.55	2.55	2.43	2.20	1.91	2.01	2.34
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-19,431	-8,281	-9,507	-6,636	-2,009	171	1,223	-7,917	-16,502	-16,545	-16,059
Operating Cash Flow to CapEx	185.66%	194.02%	299.39%	237.00%	300.72%	255.58%	314.07%	282.18%	205.16%	164.94%	103.60%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.68	0.65	0.66	0.69	0.70	0.65	0.64	0.64	0.67	0.66	0.68
Accounts Receivable Turnover	12.19	9.92	11.30	11.09	11.66	9.10	10.50	10.03	10.46	8.48	10.13
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	1.47	1.51	1.53	1.57	1.56	1.53	1.53	1.55	1.61	1.70	1.85
Accounts Payable Turnover	5.06	4.81	4.53	7.92	6.35	4.74	5.33	5.90	5.80	4.49	5.85
Days Sales Outstanding (DSO)	29.94	36.79	32.29	32.92	31.30	40.09	34.75	36.40	34.89	43.05	36.02
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	72.18	75.85	80.49	46.11	57.47	77.02	68.53	61.91	62.90	81.26	62.37
Cash Conversion Cycle (CCC)	-42.24	-39.06	-48.19	-13.20	-26.17	-36.93	-33.78	-25.51	-28.01	-38.21	-26.35
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	158,150	147,812	136,605	130,467	122,824	118,858	111,825	110,597	108,764	105,365	101,690
Invested Capital Turnover	1.21	1.23	1.26	1.24	1.23	1.20	1.19	1.17	1.20	1.23	1.29
Increase / (Decrease) in Invested Capital	35,326	28,954	24,780	19,870	14,060	13,493	10,135	15,788	22,148	21,386	20,523
Enterprise Value (EV)	1,433,421	1,443,288	1,420,244	1,252,675	1,219,931	871,857	739,122	710,509	532,326	297,525	341,495
Market Capitalization	1,460,300	1,478,113	1,448,168	1,278,971	1,246,636	906,167	770,170	733,945	548,357	317,873	363,899
Book Value per Share	$73.03	$72.35	$65.04	$61.80	$58.75	$59.60	$55.52	$52.30	$48.13	$47.41	$46.17
Tangible Book Value per Share	$64.88	$64.16	$56.87	$53.66	$50.64	$51.56	$47.18	$43.91	$39.80	$39.41	$38.31
Total Capital	234,548	231,697	213,576	194,754	187,162	190,402	179,090	170,251	152,370	152,304	149,994
Total Debt	49,519	49,060	49,047	37,991	37,633	37,234	36,217	36,218	27,575	26,591	25,900
Total Long-Term Debt	47,543	47,118	47,031	36,074	35,957	35,611	34,757	34,822	26,096	25,224	24,609
Net Debt	-26,879	-34,825	-27,924	-26,296	-26,705	-34,310	-31,048	-23,436	-16,031	-20,348	-22,404
Capital Expenditures (CapEx)	12,941	14,425	8,258	8,173	6,400	7,592	6,496	6,134	6,823	8,798	9,355
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-11,917	-9,424	-11,147	-6,736	-9,215	-10,375	-11,816	-12,411	-8,858	-6,848	-4,857
Debt-free Net Working Capital (DFNWC)	58,313	68,391	59,753	51,344	48,905	55,028	49,307	41,035	28,581	33,890	36,919
Net Working Capital (NWC)	56,337	66,449	57,737	49,427	47,229	53,405	47,847	39,639	27,102	32,523	35,628
Net Nonoperating Expense (NNE)	-749	-165	-415	-231	-318	-354	-225	83	-63	188	69
Net Nonoperating Obligations (NNO)	-26,879	-34,825	-27,924	-26,296	-26,705	-34,310	-31,048	-23,436	-16,031	-20,348	-22,404
Total Depreciation and Amortization (D&A)	3,900	4,460	4,027	3,637	3,374	3,172	2,859	2,623	2,524	2,376	2,175
Debt-free, Cash-free Net Working Capital to Revenue	-7.00%	-5.73%	-7.14%	-4.50%	-6.46%	-7.69%	-9.31%	-10.30%	-7.55%	-5.87%	-4.11%
Debt-free Net Working Capital to Revenue	34.23%	41.57%	38.25%	34.28%	34.27%	40.79%	38.84%	34.05%	24.36%	29.06%	31.26%
Net Working Capital to Revenue	33.07%	40.39%	36.96%	33.00%	33.09%	39.59%	37.69%	32.89%	23.10%	27.89%	30.16%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$6.59	$8.24	$6.20	$5.31	$4.86	$5.45	$4.50	$3.03	$2.21	$1.78	$1.64
Adjusted Weighted Average Basic Shares Outstanding	2.53B	2.53B	2.53B	2.53B	2.55B	2.57B	2.58B	2.57B	2.59B	2.69B	2.68B
Adjusted Diluted Earnings per Share	$6.43	$7.96	$6.03	$5.16	$4.71	$5.30	$4.39	$2.98	$2.20	$1.77	$1.64
Adjusted Weighted Average Diluted Shares Outstanding	2.59B	2.61B	2.60B	2.61B	2.63B	2.63B	2.64B	2.61B	2.60B	2.70B	2.69B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	2.51B	2.53B	2.52B	2.53B	2.54B	2.55B	2.57B	2.57B	2.56B	2.59B	2.65B
Normalized Net Operating Profit after Tax (NOPAT)	15,895	20,673	15,273	13,234	12,051	13,664	11,358	7,871	5,646	4,841	4,464
Normalized NOPAT Margin	37.56%	42.72%	37.63%	33.87%	33.06%	34.07%	33.26%	24.60%	19.71%	15.05%	16.11%
Pre Tax Income Margin	43.44%	48.68%	43.91%	38.66%	38.91%	41.90%	41.06%	29.04%	25.51%	19.12%	20.12%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	7.70%	8.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	49.52%	56.44%	64.94%	59.92%	55.55%	50.58%	69.60%	104.15%	129.71%	120.50%	142.74%

Frequently Asked Questions About Meta Platforms' Financials

When does Meta Platforms's financial year end?

According to the most recent income statement we have on file, Meta Platforms' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Meta Platforms' net income changed over the last 9 years?

Meta Platforms' net income appears to be on an upward trend, with a most recent value of $62.36 billion in 2024, rising from $3.69 billion in 2015. The previous period was $39.10 billion in 2023. Find out what analysts predict for Meta Platforms in the coming months.

What is Meta Platforms's operating income?

Meta Platforms's total operating income in 2024 was $69.38 billion, based on the following breakdown:

Total Gross Profit: $134.34 billion
Total Operating Expenses: $64.96 billion

How has Meta Platforms revenue changed over the last 9 years?

Over the last 9 years, Meta Platforms' total revenue changed from $17.93 billion in 2015 to $164.50 billion in 2024, a change of 817.6%.

How much debt does Meta Platforms have?

Meta Platforms' total liabilities were at $93.42 billion at the end of 2024, a 22.2% increase from 2023, and a 1,700.3% increase since 2015.

How much cash does Meta Platforms have?

In the past 9 years, Meta Platforms' cash and equivalents has ranged from $4.91 billion in 2015 to $43.89 billion in 2024, and is currently $43.89 billion as of their latest financial filing in 2024.

How has Meta Platforms' book value per share changed over the last 9 years?

Over the last 9 years, Meta Platforms' book value per share changed from 15.64 in 2015 to 72.35 in 2024, a change of 362.7%.

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This page (NASDAQ:META) was last updated on 5/19/2025 by MarketBeat.com Staff

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Meta Platforms (META) Financials

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