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Alphabet (GOOG) Financials

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$202.11 +4.83 (+2.45%)
Closing price 08/8/2025 03:59 PM Eastern
Extended Trading
$202.48 +0.37 (+0.18%)
As of 08/8/2025 07:59 PM Eastern
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Annual Income Statements for Alphabet

Annual Income Statements for Alphabet

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

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders
14,136 15,826 19,478 12,662 30,736 34,343 40,269 76,033 59,972 73,795 100,118
Consolidated Net Income / (Loss)
14,136 16,348 19,478 12,662 30,736 34,343 40,269 76,033 59,972 73,795 100,118
Net Income / (Loss) Continuing Operations
13,620 16,348 19,478 12,662 30,736 34,343 40,269 76,033 59,972 73,795 100,118
Total Pre-Tax Income
17,259 19,651 24,150 27,193 34,913 39,625 48,082 90,734 71,328 85,717 119,815
Total Operating Income
16,496 19,360 23,716 26,178 27,524 34,231 41,224 78,714 74,842 84,293 112,390
Total Gross Profit
40,310 46,825 55,134 65,272 77,270 89,961 97,795 146,698 156,633 174,062 203,712
Total Revenue
66,001 74,989 90,272 110,855 136,819 161,857 182,527 257,637 282,836 307,394 350,018
Operating Revenue
66,001 74,989 90,272 110,855 136,819 161,857 182,527 257,637 282,836 307,394 350,018
Total Cost of Revenue
25,691 28,164 35,138 45,583 59,549 71,896 84,732 110,939 126,203 133,332 146,306
Operating Cost of Revenue
25,691 28,164 35,138 45,583 59,549 71,896 84,732 110,939 126,203 133,332 146,306
Total Operating Expenses
23,814 27,465 31,418 39,094 49,746 55,730 56,571 67,984 81,791 89,769 91,322
Selling, General & Admin Expense
5,851 6,136 6,985 6,840 6,923 9,551 11,052 13,510 15,724 16,425 14,188
Marketing Expense
8,131 9,047 10,485 12,893 16,333 18,464 17,946 22,912 26,567 27,917 27,808
Research & Development Expense
9,832 12,282 13,948 16,625 21,419 26,018 27,573 31,562 39,500 45,427 49,326
Total Other Income / (Expense), net
763 291 434 1,015 7,389 5,394 6,858 12,020 -3,514 1,424 7,425
Other Income / (Expense), net
763 291 434 1,015 7,389 5,394 6,858 12,020 -3,514 1,424 7,425
Income Tax Expense
3,639 3,303 4,672 14,531 4,177 5,282 7,813 14,701 11,356 11,922 19,697
Basic Earnings per Share
$41.82 $47.74 $28.32 $18.27 $44.22 $49.59 $2.96 $5.69 $4.59 $5.84 $8.13
Weighted Average Basic Shares Outstanding
676M 684.80M 687.80M 693M 695.10M 687.29M 674.14M 660.97M 12.81B 12.43B 12.19B
Diluted Earnings per Share
$41.14 $47.18 $27.85 $18.00 $43.70 $49.16 $2.93 $5.61 $4.56 $5.80 $8.04
Weighted Average Diluted Shares Outstanding
676M 684.80M 687.80M 693M 695.10M 687.29M 674.14M 660.97M 12.81B 12.43B 12.19B
Weighted Average Basic & Diluted Shares Outstanding
676M 684.80M 687.80M 693M 695.10M 687.29M 674.14M 660.97M 12.81B 12.43B 12.19B
Cash Dividends to Common per Share
- - - - - - - - - - $0.60

Quarterly Income Statements for Alphabet

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

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Net Income / (Loss) Attributable to Common Shareholders
13,624 15,051 18,368 19,689 20,687 23,662 23,619 26,301 26,536 34,540 28,196
Consolidated Net Income / (Loss)
13,624 15,051 18,368 19,689 20,687 23,662 23,619 26,301 26,536 34,540 28,196
Net Income / (Loss) Continuing Operations
13,624 15,051 18,368 19,689 20,687 23,662 23,619 26,301 26,536 34,540 28,196
Total Pre-Tax Income
17,147 18,205 21,903 21,197 24,412 28,315 27,551 31,706 32,243 41,789 33,933
Total Operating Income
18,160 17,415 21,838 21,343 23,697 25,472 27,425 28,521 30,972 30,606 31,271
Total Gross Profit
40,706 39,175 42,688 43,464 48,735 46,827 49,235 51,794 55,856 53,873 57,389
Total Revenue
76,048 69,787 74,604 76,693 86,310 80,539 84,742 88,268 96,469 90,234 96,428
Operating Revenue
76,048 69,787 74,604 76,693 86,310 80,539 84,742 88,268 96,469 90,234 96,428
Total Cost of Revenue
35,342 30,612 31,916 33,229 37,575 33,712 35,507 36,474 40,613 36,361 39,039
Operating Cost of Revenue
35,342 30,612 31,916 33,229 37,575 33,712 35,507 36,474 40,613 36,361 39,039
Total Operating Expenses
22,546 21,760 20,850 22,121 25,038 21,355 21,810 23,273 24,884 23,267 26,118
Selling, General & Admin Expense
5,096 3,759 3,481 3,979 5,206 3,026 3,158 3,599 4,405 3,539 5,209
Marketing Expense
7,183 6,533 6,781 6,884 7,719 6,426 6,792 7,227 7,363 6,172 7,101
Research & Development Expense
10,267 11,468 10,588 11,258 12,113 11,903 11,860 12,447 13,116 13,556 13,808
Total Other Income / (Expense), net
-1,013 790 65 -146 715 2,843 126 3,185 1,271 11,183 2,662
Other Income / (Expense), net
-1,013 790 65 -146 715 2,843 126 3,185 1,271 11,183 2,662
Income Tax Expense
3,523 3,154 3,535 1,508 3,725 4,653 3,932 5,405 5,707 7,249 5,737
Basic Earnings per Share
$1.06 $1.18 $1.45 $1.56 $1.66 $1.91 $1.91 $2.14 $2.17 $2.84 $2.33
Weighted Average Basic Shares Outstanding
12.81B 12.70B 12.61B 12.52B 12.43B 12.36B 12.31B 12.24B 12.19B 12.14B 12.09B
Diluted Earnings per Share
$1.06 $1.17 $1.44 $1.55 $1.66 $1.89 $1.89 $2.12 $2.14 $2.81 $2.31
Weighted Average Diluted Shares Outstanding
12.81B 12.70B 12.61B 12.52B 12.43B 12.36B 12.31B 12.24B 12.19B 12.14B 12.09B
Weighted Average Basic & Diluted Shares Outstanding
12.81B 12.70B 12.61B 12.52B 12.43B 12.36B 12.31B 12.24B 12.19B 12.14B 12.09B
Cash Dividends to Common per Share
- - - - - - $0.20 $0.20 - $0.20 $0.21

Annual Cash Flow Statements for Alphabet

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

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents
-551 -1,798 -3,631 -2,608 6,288 1,797 7,967 -5,520 934 2,169 -582
Net Cash From Operating Activities
23,024 26,572 36,036 37,091 47,971 54,520 65,124 91,652 91,495 101,746 125,299
Net Cash From Continuing Operating Activities
23,024 26,572 36,036 37,091 47,971 54,520 65,124 91,652 91,495 101,746 125,299
Net Income / (Loss) Continuing Operations
14,136 16,348 19,478 12,662 30,736 34,343 40,269 76,033 59,972 73,795 100,118
Consolidated Net Income / (Loss)
14,136 16,348 19,478 12,662 30,736 34,343 40,269 76,033 59,972 73,795 100,118
Depreciation Expense
3,523 4,132 5,267 6,103 8,164 10,856 12,905 10,273 13,475 11,946 15,311
Non-Cash Adjustments To Reconcile Net Income
3,341 5,749 7,152 8,010 2,514 7,404 7,941 5,061 28,364 27,613 23,533
Changes in Operating Assets and Liabilities, net
568 -588 3,262 9,504 5,686 992 3,217 285 -10,316 -11,608 -13,663
Net Cash From Investing Activities
-21,055 -23,711 -31,165 -31,401 -28,504 -29,491 -32,773 -35,523 -20,298 -27,063 -45,536
Net Cash From Continuing Investing Activities
-21,055 -23,711 -31,165 -31,401 -28,504 -29,491 -32,773 -35,523 -20,298 -27,063 -45,536
Purchase of Property, Plant & Equipment
-11,014 -9,950 -10,212 -13,184 -25,139 -23,548 -22,281 -24,640 -31,485 -32,251 -52,535
Acquisitions
-4,888 -236 -986 -287 -1,491 -2,515 -738 -2,618 -6,969 -495 -2,931
Purchase of Investments
-57,122 -77,044 -88,046 -93,940 -52,231 -102,247 -143,751 -138,034 -81,405 -80,885 -91,713
Sale and/or Maturity of Investments
51,528 63,059 67,389 75,911 50,259 98,230 133,929 129,228 97,972 87,619 104,310
Other Investing Activities, net
- 425 450 99 98 589 68 541 1,589 -1,051 -2,667
Net Cash From Financing Activities
-2,087 -4,225 -8,332 -8,298 -13,179 -23,209 -24,408 -61,362 -69,757 -72,093 -79,733
Net Cash From Continuing Financing Activities
-2,087 -4,225 -8,332 -8,298 -13,179 -23,209 -24,408 -61,362 -69,757 -72,093 -79,733
Repayment of Debt
-11,643 -13,728 -10,064 -4,377 -6,827 -585 -2,100 -21,435 -54,068 -11,550 -12,701
Repurchase of Common Equity
0.00 -1,780 -3,693 -4,846 -9,075 -18,396 -31,149 -50,274 -59,296 -61,504 -62,222
Payment of Dividends
0.00 -47 - - - - - - 0.00 0.00 -7,363
Issuance of Debt
11,625 13,705 8,729 4,291 6,766 317 11,761 20,199 52,872 10,790 13,589
Issuance of Common Equity
- 0.00 0.00 800 950 220 2,800 310 35 8.00 1,154
Other Financing Activities, net
-2,069 -2,375 -3,304 -4,166 -4,993 -4,765 -5,720 -10,162 -9,300 -9,837 -12,190
Effect of Exchange Rate Changes
-433 -434 -170 - - -23 24 -287 -506 -421 -612

Quarterly Cash Flow Statements for Alphabet

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

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Net Change in Cash & Equivalents
-105 4,045 5.00 4,773 -6,654 445 2,732 -7,266 3,507 -202 -2,228
Net Cash From Operating Activities
23,614 23,509 28,666 30,656 18,915 28,848 26,640 30,698 39,113 36,150 27,747
Net Cash From Continuing Operating Activities
23,614 23,509 28,666 30,656 18,915 28,848 26,640 30,698 39,113 36,150 27,747
Net Income / (Loss) Continuing Operations
13,624 15,051 18,368 19,689 20,687 23,662 23,619 26,301 26,536 34,540 28,196
Consolidated Net Income / (Loss)
13,624 15,051 18,368 19,689 20,687 23,662 23,619 26,301 26,536 34,540 28,196
Depreciation Expense
2,253 2,635 2,824 3,171 3,316 3,413 3,708 3,985 4,205 4,487 4,998
Non-Cash Adjustments To Reconcile Net Income
9,877 6,304 6,953 7,503 6,853 3,817 7,740 5,272 6,704 -3,963 5,107
Changes in Operating Assets and Liabilities, net
-1,635 -481 521 293 -11,941 -2,044 -8,427 -4,860 1,668 1,086 -10,554
Net Cash From Investing Activities
-6,227 -2,946 -10,800 -7,150 -6,167 -8,564 -2,781 -18,011 -16,180 -16,194 -24,544
Net Cash From Continuing Investing Activities
-6,227 -2,946 -10,800 -7,150 -6,167 -8,564 -2,781 -18,011 -16,180 -16,194 -24,544
Purchase of Property, Plant & Equipment
-7,595 -6,289 -6,888 -8,055 -11,019 -12,012 -13,186 -13,061 -14,276 -17,197 -22,446
Acquisitions
-84 -42 -298 -126 -29 -61 -26 -2,753 -91 -340 -13
Purchase of Investments
-12,524 -14,853 -22,249 -14,496 -29,287 -21,890 -23,320 -23,058 -23,445 -19,411 -22,771
Sale and/or Maturity of Investments
13,754 18,363 18,867 16,155 34,234 25,298 33,884 23,329 21,799 20,604 21,199
Other Investing Activities, net
222 -125 -232 -628 -66 101 -133 -2,468 -167 150 -513
Net Cash From Financing Activities
-17,629 -16,568 -17,835 -18,382 -19,308 -19,714 -20,889 -20,094 -19,036 -20,201 -5,832
Net Cash From Continuing Financing Activities
-17,629 -16,568 -17,835 -18,382 -19,308 -19,714 -20,889 -20,094 -19,036 -20,201 -5,832
Repayment of Debt
-8,718 -6,952 -1,255 -1,414 -1,929 -3,079 -2,423 -3,449 -3,750 -4,521 -13,876
Repurchase of Common Equity
-15,407 -14,557 -14,969 -15,787 -16,191 -15,696 -15,684 -15,291 -15,551 -15,068 -13,638
Payment of Dividends
- - - - - 0.00 - -2,455 -2,442 -2,434 -2,543
Issuance of Debt
8,550 6,927 1,123 1,248 1,492 1,982 2,893 3,819 4,895 4,532 26,846
Other Financing Activities, net
-2,079 -1,989 -2,736 -2,432 -2,680 -2,929 -3,209 -3,003 -3,049 -3,110 -2,621
Effect of Exchange Rate Changes
137 50 -26 -351 -94 -125 -238 141 -390 43 401

Annual Balance Sheets for Alphabet

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

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets
258,374 147,461 167,497 197,295 232,792 275,909 319,616 359,268 365,264 402,392 450,256
Total Current Assets
157,312 90,114 105,408 124,308 135,676 152,578 174,296 188,143 164,795 171,530 163,711
Cash & Equivalents
36,694 16,549 12,918 10,715 16,701 18,498 26,465 20,945 21,879 24,048 23,466
Short-Term Investments
93,846 56,967 73,415 91,156 92,439 101,177 110,229 118,704 91,883 86,868 72,191
Accounts Receivable
18,766 11,556 14,137 18,336 20,838 25,326 30,930 39,304 40,258 47,964 52,340
Other Current Assets
- - 4,575 2,983 4,236 4,412 5,490 8,020 10,775 12,650 15,714
Plant, Property, & Equipment, net
47,766 29,016 34,234 42,383 59,719 73,646 84,749 97,599 112,668 134,345 171,036
Plant, Property & Equipment, gross
47,766 29,016 34,234 42,383 59,719 73,646 - - - - 171,036
Total Noncurrent Assets
53,296 28,331 27,855 30,604 37,397 49,685 60,571 73,526 87,801 96,517 115,509
Long-Term Investments
6,158 5,183 5,878 7,813 13,859 13,078 20,703 29,549 30,492 31,008 37,982
Goodwill
31,198 15,869 16,468 16,747 17,888 20,624 21,175 22,956 28,960 29,198 31,885
Noncurrent Deferred & Refundable Income Taxes
352 251 383 680 737 721 1,084 1,284 5,261 12,169 17,180
Other Noncurrent Operating Assets
6,374 3,181 1,819 2,672 2,693 13,283 16,164 18,320 23,088 24,142 28,462
Total Liabilities & Shareholders' Equity
258,374 147,461 167,497 197,295 232,792 275,909 319,616 359,268 365,264 402,392 450,256
Total Liabilities
50,654 27,130 28,461 44,793 55,164 74,467 97,072 107,633 109,120 119,013 125,172
Total Current Liabilities
33,558 19,310 16,756 24,183 34,620 45,221 56,834 64,254 69,300 81,814 89,122
Accounts Payable
3,430 1,931 2,041 3,137 4,378 5,561 5,589 6,037 5,128 7,493 7,987
Accrued Expenses
12,720 7,097 9,086 14,152 21,550 28,983 36,131 41,040 46,236 55,044 61,030
Current Deferred Revenue
1,504 788 1,099 1,432 - 1,908 2,543 3,288 3,908 4,137 5,036
Current Employee Benefit Liabilities
6,138 3,539 3,976 4,581 6,839 8,495 11,086 13,889 14,028 15,140 15,069
Total Noncurrent Liabilities
17,096 7,820 11,705 20,610 20,544 29,246 40,238 43,379 39,820 37,199 36,050
Long-Term Debt
6,456 1,995 3,935 3,969 4,012 4,554 13,932 14,817 14,701 11,870 10,883
Noncurrent Deferred Revenue
208 151 202 13,152 11,723 10,243 9,330 9,711 9,857 8,474 8,782
Other Noncurrent Operating Liabilities
2,236 1,822 2,665 3,059 3,545 12,748 13,415 13,594 14,748 16,855 16,385
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
207,720 120,331 139,036 152,502 177,628 201,442 222,544 251,635 256,144 283,379 325,084
Total Preferred & Common Equity
207,720 120,331 139,036 152,502 177,628 201,442 222,544 251,635 256,144 283,379 325,084
Preferred Stock
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity
207,720 120,331 139,036 152,502 177,628 201,442 222,544 251,635 256,144 283,379 325,084
Common Stock
57,534 32,982 36,307 40,247 45,049 50,552 58,510 61,774 68,184 76,534 84,800
Retained Earnings
150,132 89,223 105,131 113,247 134,885 152,122 163,401 191,484 195,563 211,247 245,084
Accumulated Other Comprehensive Income / (Loss)
54 -1,874 -2,402 -992 -2,306 -1,232 633 -1,623 -7,603 -4,402 -4,800

Quarterly Balance Sheets for Alphabet

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

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Total Assets
365,264 369,491 383,044 396,711 402,392 407,350 414,770 430,266 450,256 475,374 502,053
Total Current Assets
164,795 161,985 168,788 176,310 171,530 165,471 161,995 157,541 163,711 162,052 166,216
Cash & Equivalents
21,879 25,924 25,929 30,702 24,048 24,493 27,225 19,959 23,466 23,264 21,036
Short-Term Investments
91,883 89,178 92,403 89,233 86,868 83,597 73,500 73,271 72,191 72,064 74,112
Accounts Receivable
40,258 36,036 38,804 41,020 47,964 44,552 47,087 49,104 52,340 51,000 55,048
Other Current Assets
10,775 8,532 9,421 12,398 12,650 12,829 14,183 15,207 15,714 15,724 16,020
Plant, Property, & Equipment, net
112,668 117,560 121,208 125,705 134,345 143,182 151,155 161,270 171,036 185,062 203,231
Plant, Property & Equipment, gross
- 117,560 121,208 125,705 - - - - - - 203,231
Total Noncurrent Assets
87,801 89,946 93,048 94,696 96,517 98,697 101,620 111,455 115,509 128,260 132,606
Long-Term Investments
30,492 31,213 31,224 30,907 31,008 33,994 34,172 36,177 37,982 51,029 52,574
Goodwill
28,960 28,994 29,210 29,146 29,198 29,183 29,185 31,935 31,885 32,173 32,335
Noncurrent Deferred & Refundable Income Taxes
5,261 6,885 9,357 10,983 12,169 11,687 14,958 15,915 17,180 18,386 19,289
Other Noncurrent Operating Assets
23,088 20,886 21,291 21,827 24,142 23,833 23,305 27,428 28,462 26,672 28,408
Total Liabilities & Shareholders' Equity
365,264 369,491 383,044 396,711 402,392 407,350 414,770 430,266 450,256 475,374 502,053
Total Liabilities
109,120 108,597 115,903 123,509 119,013 114,506 114,017 116,147 125,172 130,107 139,137
Total Current Liabilities
69,300 68,854 77,709 86,295 81,814 76,997 77,913 80,803 89,122 91,654 87,310
Accounts Payable
5,128 4,184 5,313 5,803 7,493 6,198 6,092 7,049 7,987 8,497 8,347
Accrued Expenses
46,236 51,001 57,290 63,627 55,044 57,123 56,197 55,950 61,030 68,265 61,826
Current Deferred Revenue
3,908 3,715 3,846 4,303 4,137 3,973 4,251 4,896 5,036 4,908 4,969
Current Employee Benefit Liabilities
14,028 9,954 11,260 12,562 15,140 9,703 11,373 12,908 15,069 9,984 12,168
Total Noncurrent Liabilities
39,820 39,743 38,194 37,214 37,199 37,509 36,104 35,344 36,050 38,453 51,827
Long-Term Debt
14,701 13,697 13,705 13,781 11,870 13,228 13,238 12,297 10,883 10,886 23,607
Noncurrent Deferred Revenue
9,857 10,332 9,420 8,922 8,474 10,155 8,688 9,234 8,782 9,773 10,027
Other Noncurrent Operating Liabilities
14,748 15,172 14,511 13,983 16,855 13,640 13,461 13,107 16,385 17,794 18,193
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
256,144 260,894 267,141 273,202 283,379 292,844 300,753 314,119 325,084 345,267 362,916
Total Preferred & Common Equity
256,144 260,894 267,141 273,202 283,379 292,844 300,753 314,119 325,084 345,267 362,916
Preferred Stock
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity
256,144 260,894 267,141 273,202 283,379 292,844 300,753 314,119 325,084 345,267 362,916
Common Stock
68,184 70,269 72,248 74,591 76,534 77,913 79,732 82,030 84,800 86,725 89,283
Retained Earnings
195,563 196,625 200,884 205,647 211,247 219,770 226,033 235,317 245,084 262,628 275,760
Accumulated Other Comprehensive Income / (Loss)
-7,603 -6,000 -5,991 -7,036 -4,402 -4,839 -5,012 -3,228 -4,800 -4,086 -2,127

Annual Metrics And Ratios for Alphabet

This table displays calculated financial ratios and metrics derived from Alphabet's official financial filings.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics
- - - - - - - - - - -
Revenue Growth
18.88% 13.62% 20.38% 22.80% 23.42% 18.30% 12.77% 41.15% 9.78% 8.68% 13.87%
EBITDA Growth
12.10% 11.13% 22.58% 12.59% 28.85% 16.97% 20.18% 63.50% -16.04% 15.16% 38.36%
EBIT Growth
8.55% 13.86% 22.89% 12.60% 28.39% 13.50% 21.34% 88.71% -21.39% 20.17% 39.78%
NOPAT Growth
2.11% 23.72% 18.76% -36.27% 98.79% 22.44% 16.37% 91.05% -4.60% 15.32% 29.41%
Net Income Growth
11.02% 15.65% 19.15% -34.99% 142.74% 11.74% 17.26% 88.81% -21.12% 23.05% 35.67%
EPS Growth
-45.26% 14.68% -40.97% -35.37% 142.78% 12.49% 17.26% 88.81% -18.72% 27.19% 38.62%
Operating Cash Flow Growth
23.39% 15.41% 35.62% 2.93% 29.33% 13.65% 19.45% 40.73% -0.17% 11.20% 23.15%
Free Cash Flow Firm Growth
-49.51% 148.13% 52.17% 6.19% -23.42% 21.73% 90.42% 66.56% -29.71% 36.46% -2.02%
Invested Capital Growth
28.30% 14.98% 8.34% -7.83% 25.34% 24.90% 7.97% 22.98% 30.17% 21.12% 31.96%
Revenue Q/Q Growth
3.77% 4.50% 5.54% 5.98% 5.35% 4.38% 6.30% 7.70% 0.26% 3.45% 2.99%
EBITDA Q/Q Growth
0.99% 3.39% 6.84% 4.60% 6.31% 2.93% 15.51% 3.33% -7.56% 9.32% 6.90%
EBIT Q/Q Growth
-0.08% 3.55% 7.37% 4.46% 6.25% 1.62% 19.91% 6.72% -9.23% 9.26% 6.99%
NOPAT Q/Q Growth
-0.60% 10.49% 0.48% -39.89% 57.13% 6.87% 11.26% 9.57% -6.05% 8.33% 6.13%
Net Income Q/Q Growth
11.04% 2.05% 2.15% -39.75% 63.77% 5.28% 12.76% 7.67% -10.48% 10.58% 6.20%
EPS Q/Q Growth
-50.24% 109.41% 0.65% -39.78% 64.16% 3.93% 12.76% 7.67% -11.97% 8.82% 4.42%
Operating Cash Flow Q/Q Growth
8.35% -1.49% 8.44% 2.36% 6.01% 2.71% 14.51% 2.52% -1.42% -4.41% 19.22%
Free Cash Flow Firm Q/Q Growth
-28.70% 20.54% 14.87% 1.60% -13.66% -11.96% 70.31% -2.52% -7.02% -12.61% 62.61%
Invested Capital Q/Q Growth
9.50% 7.73% 3.00% -12.80% 7.13% 12.02% -0.62% 7.17% 4.10% 12.62% 2.70%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
61.07% 62.44% 61.08% 58.88% 56.48% 55.58% 53.58% 56.94% 55.38% 56.63% 58.20%
EBITDA Margin
33.69% 32.96% 33.56% 30.77% 32.12% 31.76% 33.85% 39.21% 29.98% 31.77% 38.61%
Operating Margin
24.99% 25.82% 26.27% 23.61% 20.12% 21.15% 22.59% 30.55% 26.46% 27.42% 32.11%
EBIT Margin
26.15% 26.21% 26.75% 24.53% 25.52% 24.48% 26.34% 35.22% 25.22% 27.89% 34.23%
Profit (Net Income) Margin
21.42% 21.80% 21.58% 11.42% 22.46% 21.22% 22.06% 29.51% 21.20% 24.01% 28.60%
Tax Burden Percent
81.91% 83.19% 80.65% 46.56% 88.04% 86.67% 83.75% 83.80% 84.08% 86.09% 83.56%
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
21.08% 16.81% 19.35% 53.44% 11.96% 13.33% 16.25% 16.20% 15.92% 13.91% 16.44%
Return on Invested Capital (ROIC)
35.91% 36.77% 39.19% 24.99% 45.97% 44.99% 45.33% 74.81% 56.22% 51.85% 52.81%
ROIC Less NNEP Spread (ROIC-NNEP)
34.02% 36.42% 38.76% 24.50% 40.18% 41.21% 41.10% 68.05% 58.30% 50.91% 47.90%
Return on Net Nonoperating Assets (RNNOA)
-21.12% -15.16% -24.17% -16.31% -27.35% -26.87% -26.34% -42.74% -32.60% -24.50% -19.90%
Return on Equity (ROE)
14.79% 21.61% 15.02% 8.69% 18.62% 18.12% 19.00% 32.07% 23.62% 27.36% 32.91%
Cash Return on Invested Capital (CROIC)
11.12% 22.84% 31.18% 33.14% 23.48% 22.85% 37.67% 54.20% 30.01% 32.75% 25.26%
Operating Return on Assets (OROA)
14.38% 9.68% 15.34% 14.91% 16.24% 15.58% 16.15% 26.73% 19.69% 22.33% 28.10%
Return on Assets (ROA)
11.77% 8.06% 12.37% 6.94% 14.29% 13.50% 13.52% 22.40% 16.55% 19.23% 23.48%
Return on Common Equity (ROCE)
14.79% 21.61% 15.02% 8.69% 18.62% 18.12% 19.00% 32.07% 23.62% 27.36% 32.91%
Return on Equity Simple (ROE_SIMPLE)
13.61% 13.59% 14.01% 8.30% 17.30% 17.05% 18.09% 30.22% 23.41% 26.04% 30.80%
Net Operating Profit after Tax (NOPAT)
13,018 16,106 19,128 12,189 24,231 29,668 34,525 65,961 62,927 72,569 93,914
NOPAT Margin
19.72% 21.48% 21.19% 11.00% 17.71% 18.33% 18.92% 25.60% 22.25% 23.61% 26.83%
Net Nonoperating Expense Percent (NNEP)
1.88% 0.35% 0.43% 0.49% 5.79% 3.78% 4.23% 6.76% -2.08% 0.94% 4.91%
Return On Investment Capital (ROIC_SIMPLE)
- 12.83% 13.38% 7.79% 13.34% 14.40% 14.60% 24.76% 23.23% 24.58% 27.95%
Cost of Revenue to Revenue
38.93% 37.56% 38.92% 41.12% 43.52% 44.42% 46.42% 43.06% 44.62% 43.38% 41.80%
SG&A Expenses to Revenue
8.87% 8.18% 7.74% 6.17% 5.06% 5.90% 6.06% 5.24% 5.56% 5.34% 4.05%
R&D to Revenue
14.90% 16.38% 15.45% 15.00% 15.66% 16.07% 15.11% 12.25% 13.97% 14.78% 14.09%
Operating Expenses to Revenue
36.08% 36.63% 34.80% 35.27% 36.36% 34.43% 30.99% 26.39% 28.92% 29.20% 26.09%
Earnings before Interest and Taxes (EBIT)
17,259 19,651 24,150 27,193 34,913 39,625 48,082 90,734 71,328 85,717 119,815
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
22,238 24,714 30,294 34,108 43,948 51,406 61,779 101,007 84,803 97,663 135,126
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
3.51 4.41 3.90 4.76 4.07 4.55 0.26 0.38 4.39 6.10 7.09
Price to Tangible Book Value (P/TBV)
4.36 5.27 4.55 5.46 4.59 5.12 0.29 0.42 4.95 6.80 7.86
Price to Revenue (P/Rev)
5.53 7.07 6.01 6.55 5.28 5.66 0.32 0.37 3.98 5.62 6.59
Price to Earnings (P/E)
25.80 33.50 27.85 57.38 23.52 26.68 1.46 1.25 18.75 23.42 23.02
Dividend Yield
107.03% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.32%
Earnings Yield
3.88% 2.98% 3.59% 1.74% 4.25% 3.75% 68.49% 79.79% 5.33% 4.27% 4.34%
Enterprise Value to Invested Capital (EV/IC)
7.40 9.75 8.95 13.27 10.30 10.76 0.00 0.00 7.86 10.43 10.79
Enterprise Value to Revenue (EV/Rev)
4.57 6.09 5.03 5.60 4.41 4.87 0.00 0.00 3.52 5.20 6.23
Enterprise Value to EBITDA (EV/EBITDA)
13.56 18.48 14.99 18.20 13.74 15.33 0.00 0.00 11.73 16.37 16.15
Enterprise Value to EBIT (EV/EBIT)
17.47 23.24 18.81 22.83 17.30 19.89 0.00 0.00 13.95 18.65 18.21
Enterprise Value to NOPAT (EV/NOPAT)
23.16 28.36 23.74 50.93 24.92 26.56 0.00 0.00 15.81 22.03 23.24
Enterprise Value to Operating Cash Flow (EV/OCF)
13.10 17.19 12.60 16.74 12.59 14.45 0.00 0.00 10.88 15.71 17.42
Enterprise Value to Free Cash Flow (EV/FCFF)
74.81 45.67 29.84 38.41 48.79 52.30 0.00 0.00 29.62 34.87 48.59
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.05 0.04 0.03 0.03 0.02 0.02 0.06 0.06 0.06 0.04 0.03
Long-Term Debt to Equity
0.03 0.02 0.03 0.03 0.02 0.02 0.06 0.06 0.06 0.04 0.03
Financial Leverage
-0.62 -0.42 -0.62 -0.67 -0.68 -0.65 -0.64 -0.63 -0.56 -0.48 -0.42
Leverage Ratio
1.26 1.24 1.21 1.25 1.30 1.34 1.40 1.43 1.43 1.42 1.40
Compound Leverage Factor
1.26 1.24 1.21 1.25 1.30 1.34 1.40 1.43 1.43 1.42 1.40
Debt to Total Capital
4.80% 4.16% 2.75% 2.54% 2.21% 2.21% 5.89% 5.56% 5.43% 4.02% 3.24%
Short-Term Debt to Total Capital
1.84% 2.57% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
2.96% 1.59% 2.75% 2.54% 2.21% 2.21% 5.89% 5.56% 5.43% 4.02% 3.24%
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% 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
95.20% 95.84% 97.25% 97.46% 97.79% 97.79% 94.11% 94.44% 94.57% 95.98% 96.76%
Debt to EBITDA
0.24 0.21 0.13 0.12 0.09 0.09 0.23 0.15 0.17 0.12 0.08
Net Debt to EBITDA
-2.84 -2.97 -2.91 -3.10 -2.71 -2.49 -2.32 -1.53 -1.53 -1.33 -0.91
Long-Term Debt to EBITDA
0.15 0.08 0.13 0.12 0.09 0.09 0.23 0.15 0.17 0.12 0.08
Debt to NOPAT
0.40 0.32 0.21 0.33 0.17 0.15 0.40 0.22 0.23 0.16 0.12
Net Debt to NOPAT
-4.85 -4.56 -4.62 -8.67 -4.91 -4.32 -4.16 -2.34 -2.06 -1.79 -1.31
Long-Term Debt to NOPAT
0.25 0.12 0.21 0.33 0.17 0.15 0.40 0.22 0.23 0.16 0.12
Altman Z-Score
10.98 14.10 13.96 12.16 10.28 9.68 2.59 3.24 8.67 11.18 13.66
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
4.69 4.67 6.29 5.14 3.92 3.37 3.07 2.93 2.38 2.10 1.84
Quick Ratio
4.45 4.41 6.00 4.97 3.75 3.21 2.95 2.79 2.22 1.94 1.66
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
4,031 10,002 15,220 16,162 12,377 15,066 28,689 47,786 33,590 45,835 44,911
Operating Cash Flow to CapEx
210.09% 268.00% 361.37% 281.33% 190.82% 231.53% 292.28% 371.96% 290.60% 315.48% 238.51%
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
0.55 0.37 0.57 0.61 0.64 0.64 0.61 0.76 0.78 0.80 0.82
Accounts Receivable Turnover
7.23 4.95 7.03 6.83 6.99 7.01 6.49 7.34 7.11 6.97 6.98
Inventory Turnover
0.00 0.00 92.59 89.64 64.17 68.28 98.13 116.90 0.00 0.00 0.00
Fixed Asset Turnover
3.27 1.95 2.85 2.89 2.68 2.43 2.30 2.83 2.69 2.49 2.29
Accounts Payable Turnover
12.33 10.51 17.69 17.61 15.85 14.47 15.20 19.08 22.61 21.13 18.90
Days Sales Outstanding (DSO)
50.50 73.79 51.94 53.46 52.25 52.05 56.25 49.75 51.34 52.38 52.30
Days Inventory Outstanding (DIO)
0.00 0.00 3.94 4.07 5.69 5.35 3.72 3.12 0.00 0.00 0.00
Days Payable Outstanding (DPO)
29.61 34.74 20.63 20.73 23.03 25.23 24.02 19.13 16.15 17.28 19.31
Cash Conversion Cycle (CCC)
20.90 39.06 35.26 36.80 34.91 32.17 35.95 33.75 35.19 35.10 32.99
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
40,748 46,852 50,760 46,787 58,641 73,243 79,079 97,254 126,591 153,325 202,328
Invested Capital Turnover
1.82 1.71 1.85 2.27 2.60 2.45 2.40 2.92 2.53 2.20 1.97
Increase / (Decrease) in Invested Capital
8,987 6,104 3,908 -3,973 11,854 14,602 5,836 18,175 29,337 26,734 49,003
Enterprise Value (EV)
301,558 456,767 454,178 620,818 603,909 787,964 -84,670 -59,094 995,032 1,598,448 2,182,156
Market Capitalization
364,670 530,246 542,454 726,533 722,896 916,163 58,795 95,287 1,124,585 1,728,502 2,304,912
Book Value per Share
$151.14 $174.97 $201.72 $219.49 $255.41 $292.08 $329.00 $379.10 $19.79 $22.64 $26.56
Tangible Book Value per Share
$121.73 $146.30 $173.03 $191.51 $226.50 $259.30 $295.56 $342.38 $17.55 $20.31 $23.95
Total Capital
109,097 125,551 142,971 156,471 181,640 205,996 236,476 266,452 270,845 295,249 335,967
Total Debt
5,237 5,220 3,935 3,969 4,012 4,554 13,932 14,817 14,701 11,870 10,883
Total Long-Term Debt
3,228 1,995 3,935 3,969 4,012 4,554 13,932 14,817 14,701 11,870 10,883
Net Debt
-63,112 -73,479 -88,276 -105,715 -118,987 -128,199 -143,465 -154,381 -129,553 -130,054 -122,756
Capital Expenditures (CapEx)
10,959 9,915 9,972 13,184 25,139 23,548 22,281 24,640 31,485 32,251 52,535
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-1,384 513 2,319 -1,746 -8,084 -12,318 -19,232 -15,760 -18,267 -21,200 -21,068
Debt-free Net Working Capital (DFNWC)
63,886 74,029 88,652 100,125 101,056 107,357 117,462 123,889 95,495 89,716 74,589
Net Working Capital (NWC)
61,877 70,804 88,652 100,125 101,056 107,357 117,462 123,889 95,495 89,716 74,589
Net Nonoperating Expense (NNE)
-1,118 -242 -350 -473 -6,505 -4,675 -5,744 -10,072 2,955 -1,226 -6,204
Net Nonoperating Obligations (NNO)
-63,112 -73,479 -88,276 -105,715 -118,987 -128,199 -143,465 -154,381 -129,553 -130,054 -122,756
Total Depreciation and Amortization (D&A)
4,979 5,063 6,144 6,915 9,035 11,781 13,697 10,273 13,475 11,946 15,311
Debt-free, Cash-free Net Working Capital to Revenue
-2.10% 0.68% 2.57% -1.58% -5.91% -7.61% -10.54% -6.12% -6.46% -6.90% -6.02%
Debt-free Net Working Capital to Revenue
96.80% 98.72% 98.21% 90.32% 73.86% 66.33% 64.35% 48.09% 33.76% 29.19% 21.31%
Net Working Capital to Revenue
93.75% 94.42% 98.21% 90.32% 73.86% 66.33% 64.35% 48.09% 33.76% 29.19% 21.31%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$20.91 $2.39 $2.83 $1.83 $2.21 $2.48 $2.96 $5.69 $4.59 $5.84 $8.13
Adjusted Weighted Average Basic Shares Outstanding
676M 13.77B 13.83B 13.91B 13.90B 13.75B 13.48B 13.22B 12.81B 12.43B 12.19B
Adjusted Diluted Earnings per Share
$20.57 $2.36 $2.79 $1.80 $2.19 $2.46 $2.93 $5.61 $4.56 $5.80 $8.04
Adjusted Weighted Average Diluted Shares Outstanding
687.20M 13.77B 13.83B 13.91B 13.90B 13.75B 13.48B 13.22B 12.81B 12.43B 12.19B
Adjusted Basic & Diluted Earnings per Share
$20.91 $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
676M 13.77B 13.83B 13.91B 13.90B 13.75B 13.48B 13.22B 12.81B 12.43B 12.19B
Normalized Net Operating Profit after Tax (NOPAT)
13,018 16,106 19,128 20,240 28,695 31,139 34,525 65,961 62,927 72,569 93,914
Normalized NOPAT Margin
19.72% 21.48% 21.19% 18.26% 20.97% 19.24% 18.92% 25.60% 22.25% 23.61% 26.83%
Pre Tax Income Margin
26.15% 26.21% 26.75% 24.53% 25.52% 24.48% 26.34% 35.22% 25.22% 27.89% 34.23%
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
0.00% 0.29% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 7.35%
Augmented Payout Ratio
0.00% 11.18% 18.96% 38.27% 29.53% 53.57% 77.35% 66.12% 98.87% 83.34% 69.50%

Quarterly Metrics And Ratios for Alphabet

This table displays calculated financial ratios and metrics derived from Alphabet's official financial filings.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Growth Metrics
- - - - - - - - - - -
Revenue Growth
0.96% 2.61% 7.06% 11.00% 13.49% 15.41% 13.59% 15.09% 11.77% 12.04% 13.79%
EBITDA Growth
-26.33% -8.26% 7.92% 20.16% 42.93% 52.25% 26.42% 46.47% 31.45% 45.85% 24.54%
EBIT Growth
-29.73% -3.85% 15.19% 30.58% 42.37% 55.53% 25.79% 49.58% 32.08% 47.59% 23.16%
NOPAT Growth
-22.06% -17.46% 11.86% 35.02% 39.17% 47.84% 28.38% 19.34% 26.94% 18.84% 10.52%
Net Income Growth
-34.00% -8.43% 14.79% 41.55% 51.84% 57.21% 28.59% 33.58% 28.27% 45.97% 19.38%
EPS Growth
-96.61% -4.88% 19.01% 46.23% 56.60% 61.54% 31.25% 36.77% 28.92% 48.68% 22.22%
Operating Cash Flow Growth
-5.29% -6.36% 47.60% 31.27% -19.90% 22.71% -7.07% 0.14% 106.78% 25.31% 4.16%
Free Cash Flow Firm Growth
-4,512.86% -187.68% 119.87% 132.69% 55.37% -50.31% -1,704.04% -804.10% -253.43% -42.18% -38.82%
Invested Capital Growth
30.17% 23.01% 14.67% 11.96% 21.12% 27.84% 36.41% 44.71% 31.96% 27.93% 33.34%
Revenue Q/Q Growth
10.07% -8.23% 6.90% 2.80% 12.54% -6.69% 5.22% 4.16% 9.29% -6.46% 6.86%
EBITDA Q/Q Growth
-4.33% 7.42% 18.65% -1.45% 13.79% 14.43% -1.48% 14.18% 2.12% 26.96% -15.87%
EBIT Q/Q Growth
5.63% 6.17% 20.31% -3.22% 15.17% 15.99% -2.70% 15.08% 1.69% 29.61% -18.80%
NOPAT Q/Q Growth
-1.73% -0.21% 27.20% 8.25% 1.29% 6.00% 10.45% 0.63% 7.74% -0.76% 2.72%
Net Income Q/Q Growth
-2.06% 10.47% 22.04% 7.19% 5.07% 14.38% -0.18% 11.36% 0.89% 30.16% -18.37%
EPS Q/Q Growth
0.00% 10.38% 23.08% 7.64% 7.10% 13.86% 0.00% 12.17% 0.94% 31.31% -17.79%
Operating Cash Flow Q/Q Growth
1.12% -0.44% 21.94% 6.94% -38.30% 52.51% -7.65% 15.23% 27.41% -7.58% -23.24%
Free Cash Flow Firm Q/Q Growth
7.79% 35.62% 115.78% 248.94% -225.89% -116.84% -68.40% -53.17% 36.81% 12.77% -64.41%
Invested Capital Q/Q Growth
4.10% 1.33% 2.35% 3.69% 12.62% 6.95% 9.21% 10.00% 2.70% 3.69% 13.83%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
53.53% 56.14% 57.22% 56.67% 56.47% 58.14% 58.10% 58.68% 57.90% 59.70% 59.51%
EBITDA Margin
25.51% 29.86% 33.14% 31.77% 32.13% 39.39% 36.89% 40.43% 37.78% 51.28% 40.37%
Operating Margin
23.88% 24.95% 29.27% 27.83% 27.46% 31.63% 32.36% 32.31% 32.11% 33.92% 32.43%
EBIT Margin
22.55% 26.09% 29.36% 27.64% 28.28% 35.16% 32.51% 35.92% 33.42% 46.31% 35.19%
Profit (Net Income) Margin
17.92% 21.57% 24.62% 25.67% 23.97% 29.38% 27.87% 29.80% 27.51% 38.28% 29.24%
Tax Burden Percent
79.45% 82.68% 83.86% 92.89% 84.74% 83.57% 85.73% 82.95% 82.30% 82.65% 83.09%
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
20.55% 17.32% 16.14% 7.11% 15.26% 16.43% 14.27% 17.05% 17.70% 17.35% 16.91%
Return on Invested Capital (ROIC)
47.95% 50.50% 57.83% 59.60% 51.10% 57.54% 58.69% 54.69% 52.01% 53.96% 47.90%
ROIC Less NNEP Spread (ROIC-NNEP)
48.51% 50.04% 57.80% 59.70% 50.63% 55.72% 58.60% 52.61% 51.18% 46.97% 46.10%
Return on Net Nonoperating Assets (RNNOA)
-27.13% -27.44% -30.61% -30.49% -24.36% -26.31% -26.57% -22.77% -21.27% -19.45% -17.07%
Return on Equity (ROE)
20.82% 23.06% 27.22% 29.11% 26.74% 31.23% 32.11% 31.92% 30.74% 34.50% 30.83%
Cash Return on Invested Capital (CROIC)
30.01% 30.87% 36.65% 40.70% 32.75% 29.91% 23.71% 16.58% 25.26% 27.86% 19.49%
Operating Return on Assets (OROA)
17.60% 20.44% 23.03% 21.76% 22.65% 28.80% 26.76% 29.52% 27.44% 37.74% 28.51%
Return on Assets (ROA)
13.99% 16.90% 19.31% 20.21% 19.20% 24.06% 22.94% 24.49% 22.58% 31.20% 23.69%
Return on Common Equity (ROCE)
20.82% 23.06% 27.22% 29.11% 26.74% 31.23% 32.11% 31.92% 30.74% 34.50% 30.83%
Return on Equity Simple (ROE_SIMPLE)
0.00% 22.46% 22.82% 24.43% 0.00% 28.14% 29.15% 30.01% 0.00% 32.15% 0.00%
Net Operating Profit after Tax (NOPAT)
14,429 14,398 18,313 19,825 20,081 21,286 23,511 23,659 25,490 25,297 25,984
NOPAT Margin
18.97% 20.63% 24.55% 25.85% 23.27% 26.43% 27.74% 26.80% 26.42% 28.03% 26.95%
Net Nonoperating Expense Percent (NNEP)
-0.57% 0.46% 0.04% -0.10% 0.47% 1.82% 0.08% 2.08% 0.83% 6.99% 1.80%
Return On Investment Capital (ROIC_SIMPLE)
5.33% 5.24% 6.52% 6.91% 6.80% 6.95% 7.49% 7.25% 7.59% 7.10% 6.72%
Cost of Revenue to Revenue
46.47% 43.86% 42.78% 43.33% 43.53% 41.86% 41.90% 41.32% 42.10% 40.30% 40.49%
SG&A Expenses to Revenue
6.70% 5.39% 4.67% 5.19% 6.03% 3.76% 3.73% 4.08% 4.57% 3.92% 5.40%
R&D to Revenue
13.50% 16.43% 14.19% 14.68% 14.03% 14.78% 14.00% 14.10% 13.60% 15.02% 14.32%
Operating Expenses to Revenue
29.65% 31.18% 27.95% 28.84% 29.01% 26.52% 25.74% 26.37% 25.79% 25.79% 27.09%
Earnings before Interest and Taxes (EBIT)
17,147 18,205 21,903 21,197 24,412 28,315 27,551 31,706 32,243 41,789 33,933
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
19,400 20,840 24,727 24,368 27,728 31,728 31,259 35,691 36,448 46,276 38,931
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
4.39 5.02 5.62 5.97 6.10 6.34 7.43 6.45 7.09 5.44 5.87
Price to Tangible Book Value (P/TBV)
4.95 5.70 6.37 6.73 6.80 7.04 8.23 7.18 7.86 5.99 6.45
Price to Revenue (P/Rev)
3.98 4.61 5.19 5.49 5.62 5.83 6.81 5.96 6.59 5.22 5.74
Price to Earnings (P/E)
18.75 22.37 24.64 24.43 23.42 22.53 25.49 21.49 23.02 16.91 18.44
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.11% 0.24% 0.32% 0.52% 0.46%
Earnings Yield
5.33% 4.47% 4.06% 4.09% 4.27% 4.44% 3.92% 4.65% 4.34% 5.91% 5.42%
Enterprise Value to Invested Capital (EV/IC)
7.86 9.18 10.41 10.97 10.43 10.53 11.80 9.69 10.79 8.30 8.41
Enterprise Value to Revenue (EV/Rev)
3.52 4.14 4.72 5.02 5.20 5.43 6.44 5.62 6.23 4.84 5.40
Enterprise Value to EBITDA (EV/EBITDA)
11.73 14.17 16.05 16.71 16.37 15.91 18.36 15.10 16.15 11.63 12.76
Enterprise Value to EBIT (EV/EBIT)
13.95 16.69 18.59 19.03 18.65 18.03 20.82 17.04 18.21 13.06 14.37
Enterprise Value to NOPAT (EV/NOPAT)
15.81 19.67 22.10 22.29 22.03 21.75 24.97 21.57 23.24 17.79 19.99
Enterprise Value to Operating Cash Flow (EV/OCF)
10.88 13.11 13.78 14.03 15.71 16.13 20.11 18.16 17.42 13.13 15.01
Enterprise Value to Free Cash Flow (EV/FCFF)
29.62 32.83 30.34 28.46 34.87 39.53 57.41 69.10 48.59 33.44 49.29
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.06 0.05 0.05 0.05 0.04 0.05 0.04 0.04 0.03 0.03 0.07
Long-Term Debt to Equity
0.06 0.05 0.05 0.05 0.04 0.05 0.04 0.04 0.03 0.03 0.07
Financial Leverage
-0.56 -0.55 -0.53 -0.51 -0.48 -0.47 -0.45 -0.43 -0.42 -0.41 -0.37
Leverage Ratio
1.43 1.41 1.41 1.43 1.42 1.40 1.40 1.41 1.40 1.38 1.38
Compound Leverage Factor
1.43 1.41 1.41 1.43 1.42 1.40 1.40 1.41 1.40 1.38 1.38
Debt to Total Capital
5.43% 4.99% 4.88% 4.80% 4.02% 4.32% 4.22% 3.77% 3.24% 3.06% 6.11%
Short-Term Debt 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%
Long-Term Debt to Total Capital
5.43% 4.99% 4.88% 4.80% 4.02% 4.32% 4.22% 3.77% 3.24% 3.06% 6.11%
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
94.57% 95.01% 95.12% 95.20% 95.98% 95.68% 95.78% 96.23% 96.76% 96.94% 93.89%
Debt to EBITDA
0.17 0.16 0.16 0.15 0.12 0.12 0.12 0.10 0.08 0.07 0.15
Net Debt to EBITDA
-1.53 -1.60 -1.60 -1.53 -1.33 -1.19 -1.06 -0.93 -0.91 -0.91 -0.79
Long-Term Debt to EBITDA
0.17 0.16 0.16 0.15 0.12 0.12 0.12 0.10 0.08 0.07 0.15
Debt to NOPAT
0.23 0.23 0.22 0.21 0.16 0.17 0.16 0.14 0.12 0.11 0.24
Net Debt to NOPAT
-2.06 -2.21 -2.20 -2.05 -1.79 -1.62 -1.44 -1.32 -1.31 -1.38 -1.24
Long-Term Debt to NOPAT
0.23 0.23 0.22 0.21 0.16 0.17 0.16 0.14 0.12 0.11 0.24
Altman Z-Score
8.18 9.22 9.74 9.84 10.68 11.75 13.77 12.48 13.02 10.65 11.11
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
2.38 2.35 2.17 2.04 2.10 2.15 2.08 1.95 1.84 1.77 1.90
Quick Ratio
2.22 2.20 2.02 1.87 1.94 1.98 1.90 1.76 1.66 1.60 1.72
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-14,908 -9,597 1,514 5,285 -6,653 -14,426 -24,293 -37,209 -23,513 -20,511 -33,723
Operating Cash Flow to CapEx
310.92% 373.81% 416.17% 380.58% 171.66% 240.16% 202.03% 235.04% 273.98% 210.21% 123.62%
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
0.78 0.78 0.78 0.79 0.80 0.82 0.82 0.82 0.82 0.82 0.81
Accounts Receivable Turnover
7.11 8.05 7.77 7.85 6.97 7.90 7.64 7.54 6.98 7.53 7.27
Inventory Turnover
0.00 69.06 61.28 42.89 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
2.69 2.57 2.55 2.54 2.49 2.44 2.41 2.37 2.29 2.19 2.10
Accounts Payable Turnover
22.61 33.39 26.54 21.66 21.13 26.28 24.55 22.30 18.90 20.27 21.12
Days Sales Outstanding (DSO)
51.34 45.36 46.97 46.51 52.38 46.23 47.75 48.40 52.30 48.48 50.19
Days Inventory Outstanding (DIO)
0.00 5.28 5.96 8.51 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
16.15 10.93 13.75 16.85 17.28 13.89 14.86 16.37 19.31 18.00 17.28
Cash Conversion Cycle (CCC)
35.19 39.71 39.17 38.16 35.10 32.34 32.88 32.02 32.99 30.47 32.91
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
126,591 128,276 131,290 136,141 153,325 163,988 179,094 197,009 202,328 209,796 238,801
Invested Capital Turnover
2.53 2.45 2.36 2.31 2.20 2.18 2.12 2.04 1.97 1.92 1.78
Increase / (Decrease) in Invested Capital
29,337 23,995 16,799 14,540 26,734 35,712 47,804 60,868 49,003 45,808 59,707
Enterprise Value (EV)
995,032 1,178,175 1,366,264 1,492,989 1,598,448 1,727,461 2,112,500 1,908,403 2,182,156 1,741,085 2,007,211
Market Capitalization
1,124,585 1,310,793 1,502,115 1,630,050 1,728,502 1,856,317 2,234,159 2,025,513 2,304,912 1,876,556 2,131,326
Book Value per Share
$19.79 $20.37 $21.04 $21.67 $22.64 $23.70 $24.34 $25.52 $26.56 $28.32 $29.91
Tangible Book Value per Share
$17.55 $17.95 $18.58 $19.21 $20.31 $21.34 $21.98 $22.92 $23.95 $25.68 $27.24
Total Capital
270,845 274,591 280,846 286,983 295,249 306,072 313,991 326,416 335,967 356,153 386,523
Total Debt
14,701 13,697 13,705 13,781 11,870 13,228 13,238 12,297 10,883 10,886 23,607
Total Long-Term Debt
14,701 13,697 13,705 13,781 11,870 13,228 13,238 12,297 10,883 10,886 23,607
Net Debt
-129,553 -132,618 -135,851 -137,061 -130,054 -128,856 -121,659 -117,110 -122,756 -135,471 -124,115
Capital Expenditures (CapEx)
7,595 6,289 6,888 8,055 11,019 12,012 13,186 13,061 14,276 17,197 22,446
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-18,267 -21,971 -27,253 -29,920 -21,200 -19,616 -16,643 -16,492 -21,068 -24,930 -16,242
Debt-free Net Working Capital (DFNWC)
95,495 93,131 91,079 90,015 89,716 88,474 84,082 76,738 74,589 70,398 78,906
Net Working Capital (NWC)
95,495 93,131 91,079 90,015 89,716 88,474 84,082 76,738 74,589 70,398 78,906
Net Nonoperating Expense (NNE)
805 -653 -55 136 -606 -2,376 -108 -2,642 -1,046 -9,243 -2,212
Net Nonoperating Obligations (NNO)
-129,553 -132,618 -135,851 -137,061 -130,054 -128,856 -121,659 -117,110 -122,756 -135,471 -124,115
Total Depreciation and Amortization (D&A)
2,253 2,635 2,824 3,171 3,316 3,413 3,708 3,985 4,205 4,487 4,998
Debt-free, Cash-free Net Working Capital to Revenue
-6.46% -7.72% -9.41% -10.07% -6.90% -6.17% -5.07% -4.85% -6.02% -6.93% -4.37%
Debt-free Net Working Capital to Revenue
33.76% 32.72% 31.46% 30.29% 29.19% 27.81% 25.61% 22.58% 21.31% 19.57% 21.25%
Net Working Capital to Revenue
33.76% 32.72% 31.46% 30.29% 29.19% 27.81% 25.61% 22.58% 21.31% 19.57% 21.25%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$1.06 $1.18 $1.45 $1.56 $1.66 $1.91 $1.91 $2.14 $2.17 $2.84 $2.33
Adjusted Weighted Average Basic Shares Outstanding
12.81B 12.70B 12.61B 12.52B 12.43B 12.36B 12.31B 12.24B 12.19B 12.14B 12.09B
Adjusted Diluted Earnings per Share
$1.06 $1.17 $1.44 $1.55 $1.66 $1.89 $1.89 $2.12 $2.14 $2.81 $2.31
Adjusted Weighted Average Diluted Shares Outstanding
12.81B 12.70B 12.61B 12.52B 12.43B 12.36B 12.31B 12.24B 12.19B 12.14B 12.09B
Adjusted Basic & Diluted Earnings per Share
$1.06 $0.00 $0.00 $0.00 $1.66 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
12.81B 12.70B 12.61B 12.52B 12.43B 12.36B 12.31B 12.24B 12.19B 12.14B 12.09B
Normalized Net Operating Profit after Tax (NOPAT)
14,429 14,398 18,313 19,825 20,081 21,286 23,511 23,659 25,490 25,297 25,984
Normalized NOPAT Margin
18.97% 20.63% 24.55% 25.85% 23.27% 26.43% 27.74% 26.80% 26.42% 28.03% 26.95%
Pre Tax Income Margin
22.55% 26.09% 29.36% 27.64% 28.28% 35.16% 32.51% 35.92% 33.42% 46.31% 35.19%
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
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 2.81% 5.22% 7.35% 8.83% 8.54%
Augmented Payout Ratio
98.87% 103.36% 98.97% 90.99% 83.34% 76.02% 75.09% 71.90% 69.50% 64.32% 60.07%

Key Financial Trends

Alphabet Inc. (NASDAQ: GOOGL) continues to demonstrate strong financial performance through the first half of 2025 and the preceding three years, with steady growth in revenue, profitability, and a solid balance sheet. Below are the key takeaways from the analysis of the last sixteen quarters' financial statements (Income Statement, Balance Sheet, and Cash Flow Statement):

  • Revenue Growth: Operating revenue increased quarter-over-quarter from approximately $68 billion in Q1 2021 to $96.4 billion in Q2 2025, indicating consistent business expansion and strong market demand.
  • Profitability: Net income grew from about $15 billion in early 2021 to nearly $28.2 billion by Q2 2025. Earnings per share also improved steadily, reaching about $2.31 diluted EPS in Q2 2025 from around $1.17 in Q1 2021.
  • Operating Income and Margin: Operating income consistently rose with healthy gross profit margins. For example, gross profit was approximately $31.2 billion in Q1 2021 and grew to $57.4 billion in Q2 2025, reflecting effective cost management alongside sales growth.
  • Strong Operating Cash Flow: Net cash from operating activities was substantial and increased over the years, reaching $27.7 billion in Q2 2025. This reflects solid cash generation capability, sustaining ongoing investments and shareholder returns.
  • Healthy Balance Sheet with Strong Equity Base: Total equity rose significantly from about $230 billion in Q1 2021 to around $363 billion in Q2 2025. Total assets also grew, reaching about $502 billion by Q2 2025, evidencing healthy company growth and capital management.
  • Capital Expenditures and Investments: Alphabet spent heavily on property, plant, and equipment (e.g., around $22.4 billion in Q2 2025) and has significant purchases and sales of investments, signaling ongoing expansion and reinvestment strategies.
  • Debt Issuances and Repayments: The company has actively issued and repaid debt across quarters, impacting financing cash flows by billions, balancing leverage and capital structure.
  • Share Repurchases and Dividends: Alphabet continues to repurchase common equity (about $13.6 billion in Q2 2025) and pay dividends (around $2.5 billion in the same quarter), reflecting shareholder value return policies that also affect cash flow.
  • Rising Operating Expenses: Operating expenses, including research and development, marketing, and general administrative costs, have increased from about $14.8 billion in Q1 2021 to over $26.1 billion in Q2 2025, which could pressure margins if revenue growth slows.
  • Negative Changes in Operating Assets and Liabilities: Net changes in operating assets and liabilities have been negative in several recent quarters, e.g., -$10.5 billion in Q2 2025, which reduces net cash from operations and can indicate working capital challenges.

Summary:

Alphabet has shown robust growth in revenue, net income, and earnings per share over the last four years, supported by strong cash flow generation from operations. The company's substantial investments in infrastructure and technology suggest a commitment to long-term growth. Share repurchases and dividends indicate confidence in financial stability and shareholder returns.

However, rising operating expenses and working capital pressures should be monitored as they may impact profitability and cash flow sustainability in the future. Overall, Alphabet's financial health remains solid, with good liquidity and a strong equity base, making it a resilient player in the tech sector.

08/09/25 02:19 PMAI Generated. May Contain Errors.

Frequently Asked Questions About Alphabet's Financials

When does Alphabet's financial year end?

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

How has Alphabet's net income changed over the last 10 years?

Alphabet's net income appears to be on an upward trend, with a most recent value of $100.12 billion in 2024, rising from $14.14 billion in 2014. The previous period was $73.80 billion in 2023. Check out Alphabet's forecast to explore projected trends and price targets.

What is Alphabet's operating income?
Alphabet's total operating income in 2024 was $112.39 billion, based on the following breakdown:
  • Total Gross Profit: $203.71 billion
  • Total Operating Expenses: $91.32 billion
How has Alphabet's revenue changed over the last 10 years?

Over the last 10 years, Alphabet's total revenue changed from $66.00 billion in 2014 to $350.02 billion in 2024, a change of 430.3%.

How much debt does Alphabet have?

Alphabet's total liabilities were at $125.17 billion at the end of 2024, a 5.2% increase from 2023, and a 147.1% increase since 2014.

How much cash does Alphabet have?

In the past 10 years, Alphabet's cash and equivalents has ranged from $10.72 billion in 2017 to $36.69 billion in 2014, and is currently $23.47 billion as of their latest financial filing in 2024.

How has Alphabet's book value per share changed over the last 10 years?

Over the last 10 years, Alphabet's book value per share changed from 151.14 in 2014 to 26.56 in 2024, a change of -82.4%.



This page (NASDAQ:GOOG) was last updated on 8/9/2025 by MarketBeat.com Staff
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