Meta Platforms (META) Financials

$531.48 -12.09 (-2.22%)

As of 04/14/2025 04:00 PM 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	3,669	10,188	15,920	22,111	18,485	29,146	39,370	23,200	39,098	62,360
Consolidated Net Income / (Loss)	3,688	10,217	15,934	22,112	18,485	29,146	39,370	23,200	39,098	62,360
Net Income / (Loss) Continuing Operations	3,688	10,217	15,934	22,112	18,485	29,146	39,370	23,200	39,098	62,360
Total Pre-Tax Income	6,194	12,518	20,594	25,361	24,812	33,180	47,284	28,819	47,428	70,663
Total Operating Income	6,225	12,427	20,203	24,913	23,986	32,671	46,753	28,944	46,751	69,380
Total Gross Profit	15,061	23,849	35,199	46,483	57,927	69,273	95,280	91,360	108,943	134,340
Total Revenue	17,928	27,638	40,653	55,838	70,697	85,965	117,929	116,609	134,902	164,501
Operating Revenue	17,928	27,638	40,653	55,838	70,697	85,965	117,929	116,609	134,902	164,501
Total Cost of Revenue	2,867	3,789	5,454	9,355	12,770	16,692	22,649	25,249	25,959	30,161
Operating Cost of Revenue	2,867	3,789	5,454	9,355	12,770	16,692	22,649	25,249	25,959	30,161
Total Operating Expenses	8,836	11,422	14,996	21,570	33,941	36,602	48,527	62,416	62,192	64,960
Selling, General & Admin Expense	1,295	1,731	2,517	3,451	10,465	6,564	9,829	11,816	11,408	9,740
Marketing Expense	2,725	3,772	4,725	7,846	9,876	11,591	14,043	15,262	12,301	11,347
Research & Development Expense	4,816	5,919	7,754	10,273	13,600	18,447	24,655	35,338	38,483	43,873
Total Other Income / (Expense), net	-31	91	391	448	826	509	531	-125	677	1,283
Other Income / (Expense), net	-31	91	391	448	826	509	531	-125	677	1,283
Income Tax Expense	2,506	2,301	4,660	3,249	6,327	4,034	7,914	5,619	8,330	8,303
Basic Earnings per Share	$1.31	$3.56	$5.49	$7.65	$6.48	$10.22	$13.99	$8.63	$15.19	$24.61
Weighted Average Basic Shares Outstanding	2.80B	2.86B	2.90B	2.89B	2.85B	2.85B	2.82B	2.69B	2.57B	2.53B
Diluted Earnings per Share	$1.29	$3.49	$5.39	$7.57	$6.43	$10.09	$13.77	$8.59	$14.87	$23.86
Weighted Average Diluted Shares Outstanding	2.85B	2.93B	2.96B	2.92B	2.88B	2.89B	2.86B	2.70B	2.63B	2.61B
Weighted Average Basic & Diluted Shares Outstanding	2.80B	2.86B	2.90B	2.85B	2.85B	2.85B	2.72B	2.59B	2.55B	2.53B
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	Q2 2022	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	6,687	4,395	4,653	5,709	7,788	11,583	14,018	12,369	13,465	15,688	20,838
Consolidated Net Income / (Loss)	6,687	4,395	4,653	5,709	7,788	11,583	14,018	12,369	13,465	15,688	20,838
Net Income / (Loss) Continuing Operations	6,687	4,395	4,653	5,709	7,788	11,583	14,018	12,369	13,465	15,688	20,838
Total Pre-Tax Income	8,186	5,576	6,149	7,307	9,293	14,020	16,808	14,183	15,106	17,822	23,552
Total Operating Income	8,358	5,664	6,398	7,227	9,392	13,748	16,384	13,818	14,847	17,350	23,365
Total Gross Profit	23,630	21,998	23,829	22,537	26,054	27,936	32,416	29,815	31,763	33,214	39,548
Total Revenue	28,822	27,714	32,165	28,645	31,999	34,146	40,112	36,455	39,071	40,589	48,386
Operating Revenue	28,822	27,714	32,165	28,645	31,999	34,146	40,112	36,455	39,071	40,589	48,386
Total Cost of Revenue	5,192	5,716	8,336	6,108	5,945	6,210	7,696	6,640	7,308	7,375	8,838
Operating Cost of Revenue	5,192	5,716	8,336	6,108	5,945	6,210	7,696	6,640	7,308	7,375	8,838
Total Operating Expenses	15,272	16,334	17,431	15,310	16,662	14,188	16,032	15,997	16,916	15,864	16,183
Selling, General & Admin Expense	2,987	3,384	3,085	2,885	4,164	2,070	2,289	3,455	3,658	1,865	762
Marketing Expense	3,595	3,780	4,575	3,044	3,154	2,877	3,226	2,564	2,721	2,822	3,240
Research & Development Expense	8,690	9,170	9,771	9,381	9,344	9,241	10,517	9,978	10,537	11,177	12,181
Total Other Income / (Expense), net	-172	-88	-249	80	-99	272	424	365	259	472	187
Other Income / (Expense), net	-172	-88	-249	80	-99	272	424	365	259	472	187
Income Tax Expense	1,499	1,181	1,496	1,598	1,505	2,437	2,790	1,814	1,641	2,134	2,714
Basic Earnings per Share	$2.47	$1.64	$1.78	$2.21	$3.03	$4.50	$5.45	$4.86	$5.31	$6.20	$8.24
Weighted Average Basic Shares Outstanding	2.70B	2.68B	2.69B	2.59B	2.57B	2.58B	2.57B	2.55B	2.53B	2.53B	2.53B
Diluted Earnings per Share	$2.46	$1.64	$1.77	$2.20	$2.98	$4.39	$5.30	$4.71	$5.16	$6.03	$7.96
Weighted Average Diluted Shares Outstanding	2.71B	2.69B	2.70B	2.60B	2.61B	2.64B	2.63B	2.63B	2.61B	2.60B	2.61B
Weighted Average Basic & Diluted Shares Outstanding	2.69B	2.65B	2.59B	2.56B	2.57B	2.57B	2.55B	2.54B	2.53B	2.52B	2.53B

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

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	Q2 2022	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-1,875	1,773	345	-3,176	17,384	8,096	4,927	-9,543	-258	12,101	311
Net Cash From Operating Activities	12,196	9,692	14,511	13,998	17,309	20,402	19,404	19,246	19,370	24,724	27,988
Net Cash From Continuing Operating Activities	12,196	9,692	14,511	13,998	17,309	20,402	19,404	19,246	19,370	24,724	27,988
Net Income / (Loss) Continuing Operations	6,687	4,395	4,653	5,709	7,789	11,583	14,017	12,369	13,465	15,688	20,838
Consolidated Net Income / (Loss)	6,687	4,395	4,653	5,709	7,789	11,583	14,017	12,369	13,465	15,688	20,838
Depreciation Expense	1,979	2,175	2,376	2,524	2,623	2,859	3,172	3,374	3,637	4,027	4,460
Non-Cash Adjustments To Reconcile Net Income	3,087	2,554	8,837	3,194	3,366	6,955	3,355	3,280	3,009	6,345	4,526
Changes in Operating Assets and Liabilities, net	443	568	-1,355	2,571	3,531	-995	-1,140	223	-741	-1,336	-1,836
Net Cash From Investing Activities	-6,959	-9,701	-7,531	-6,743	-5,203	-6,077	-6,472	-8,734	-8,298	-8,620	-21,498
Net Cash From Continuing Investing Activities	-6,959	-9,701	-7,531	-6,743	-5,203	-6,077	-6,472	-8,734	-8,298	-8,620	-21,498
Purchase of Property, Plant & Equipment	-7,572	-9,375	-8,798	-6,823	-6,134	-6,496	-7,592	-6,400	-8,173	-8,258	-14,425
Acquisitions	-363	-34	-62	-444	-83	-38	-64	-72	-57	-132	-9.00
Purchase of Investments	-2,220	-2,597	-741	-85	-718	-1,007	-1,172	-6,887	-3,289	-4,468	-10,898
Sale and/or Maturity of Investments	3,159	2,269	2,263	534	1,817	1,474	2,359	4,625	3,233	4,114	3,817
Other Investing Activities, net	-7.00	16	-3.00	75	-85	-10	-3.00	0.00	-12	124	17
Net Cash From Financing Activities	-6,563	2,147	-7,060	-10,516	5,292	-5,875	-8,401	-19,767	-11,178	-4,371	-5,465
Net Cash From Continuing Financing Activities	-6,563	2,147	-7,060	-10,516	5,292	-5,875	-8,401	-19,767	-11,178	-4,371	-5,465
Repayment of Debt	-109	-246	695	122	-353	49	71	-9.00	-106	-235	73
Payment of Dividends	-	-	-	0.00	-	-	-	-1,273	-1,266	-1,263	-1,270
Other Financing Activities, net	-1,221	-1,174	-892	-1,273	-1,912	-2,355	-2,530	-3,477	-3,507	-4,487	-4,268
Effect of Exchange Rate Changes	-549	-365	425	85	-14	-354	396	-288	-152	368	-714
Cash Interest Paid	-	-	-	182	-	120	146	121	124	111	130
Cash Income Taxes Paid	2,139	2,006	1,760	405	1,102	509	4,591	630	5,929	1,767	2,228

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

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	Q2 2022	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Total Assets	169,779	178,894	185,727	184,491	206,688	216,274	229,623	222,844	230,238	256,408	276,054
Total Current Assets	55,987	58,315	59,549	52,483	69,560	78,378	85,365	75,330	76,431	91,067	100,045
Cash & Equivalents	12,681	14,308	14,681	11,551	28,785	36,890	41,862	32,307	32,045	43,852	43,889
Short-Term Investments	27,808	27,468	26,057	25,888	24,661	24,233	23,541	25,813	26,035	27,048	33,926
Accounts Receivable	11,525	11,227	13,466	11,044	12,511	12,944	16,169	13,430	14,505	14,700	16,994
Prepaid Expenses	3,973	5,312	5,345	4,000	3,603	4,311	3,793	3,780	3,846	5,467	5,236
Plant, Property, & Equipment, net	67,588	73,738	79,518	84,156	87,949	91,772	96,587	98,908	102,959	112,162	121,346
Total Noncurrent Assets	46,204	46,841	46,660	47,852	49,179	46,124	47,671	48,606	50,848	53,179	54,663
Long-Term Investments	6,536	6,528	6,201	6,167	6,208	6,142	6,141	6,218	6,207	6,071	6,070
Goodwill	20,229	20,268	20,306	20,649	20,659	20,668	20,654	20,654	20,654	20,654	20,654
Other Noncurrent Operating Assets	18,474	19,170	19,256	20,087	21,456	18,501	20,876	21,734	23,987	26,454	27,939
Total Liabilities & Shareholders' Equity	169,779	178,894	185,727	184,491	206,688	216,274	229,623	222,844	230,238	256,408	276,054
Total Liabilities	44,012	54,800	60,014	59,696	72,655	73,401	76,455	73,315	73,475	91,879	93,417
Total Current Liabilities	22,217	22,687	27,026	25,381	29,921	30,531	31,960	28,101	27,004	33,330	33,596
Short-Term Debt	1,275	1,291	1,367	1,479	1,396	1,460	1,623	1,676	1,917	2,016	1,942
Accounts Payable	4,990	4,846	6,107	4,557	3,865	5,142	4,849	3,785	3,173	7,656	7,687
Accrued Expenses	15,420	16,036	19,552	19,345	24,660	23,929	25,488	22,640	21,914	23,658	23,967
Total Noncurrent Liabilities	21,795	32,113	32,988	34,315	42,734	42,870	44,495	45,214	46,471	58,549	59,821
Long-Term Debt	-	9,922	9,923	9,925	18,382	18,383	18,385	18,387	18,389	28,823	28,826
Capital Lease Obligations	14,792	14,687	15,301	16,171	16,440	16,374	17,226	17,570	17,685	18,208	18,292
Noncurrent Deferred Revenue	-	-	-	-	-	-	7,514	7,795	7,897	9,171	9,987
Other Noncurrent Operating Liabilities	7,003	7,504	7,764	8,219	7,912	8,113	1,370	1,462	2,500	2,347	2,716
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	125,767	124,094	125,713	124,795	134,033	142,873	153,168	149,529	156,763	164,529	182,637
Total Preferred & Common Equity	125,767	124,094	125,713	124,795	134,033	142,873	153,168	149,529	156,763	164,529	182,637
Total Common Equity	125,767	124,094	125,713	124,795	134,033	142,873	153,168	149,529	156,763	164,529	182,637
Common Stock	59,929	62,092	64,444	66,535	69,159	71,224	73,253	75,391	78,270	80,749	83,228
Retained Earnings	69,249	67,056	64,799	61,241	67,980	75,205	82,070	76,793	81,188	84,972	102,506
Accumulated Other Comprehensive Income / (Loss)	-3,411	-5,054	-3,530	-2,981	-3,106	-3,556	-2,155	-2,655	-2,695	-1,192	-3,097

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

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

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

Metric	Q2 2022	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-0.88%	-4.47%	-4.47%	2.64%	11.02%	23.21%	24.71%	27.26%	22.10%	18.87%	20.63%
EBITDA Growth	-29.89%	-38.29%	-42.07%	-11.14%	17.23%	117.77%	134.37%	78.59%	57.29%	29.44%	40.20%
EBIT Growth	-34.58%	-47.22%	-51.59%	-17.97%	13.52%	151.43%	173.35%	94.10%	62.55%	27.12%	40.12%
NOPAT Growth	-33.54%	-50.78%	-52.49%	-20.95%	15.28%	154.42%	182.24%	113.42%	68.14%	34.46%	51.29%
Net Income Growth	-35.66%	-52.20%	-54.76%	-23.52%	16.46%	163.55%	201.27%	116.66%	72.89%	35.44%	48.65%
EPS Growth	-31.86%	-49.07%	-51.37%	-19.12%	21.14%	167.68%	199.44%	114.09%	73.15%	37.36%	50.19%
Operating Cash Flow Growth	-7.93%	-31.21%	-19.85%	-0.55%	41.92%	110.50%	33.72%	37.49%	11.91%	21.18%	44.24%
Free Cash Flow Firm Growth	-21.80%	-190.20%	-445.39%	-246.47%	3.69%	107.62%	101.04%	87.82%	16.18%	-877.21%	-4,932.19%
Invested Capital Growth	18.87%	25.28%	25.47%	25.57%	16.65%	9.97%	12.81%	12.93%	17.97%	22.16%	24.36%
Revenue Q/Q Growth	3.28%	-3.84%	16.06%	-10.94%	11.71%	6.71%	17.47%	-9.12%	7.18%	3.89%	19.21%
EBITDA Q/Q Growth	-8.13%	-23.75%	9.99%	15.32%	21.21%	41.65%	18.37%	-12.13%	6.76%	16.57%	28.21%
EBIT Q/Q Growth	-8.11%	-31.88%	10.28%	18.83%	27.18%	50.87%	19.89%	-15.62%	6.51%	17.98%	32.15%
NOPAT Q/Q Growth	-4.42%	-34.61%	8.45%	16.63%	39.40%	44.31%	20.30%	-11.81%	9.82%	15.40%	35.36%
Net Income Q/Q Growth	-10.42%	-34.28%	5.87%	22.70%	36.42%	48.73%	21.02%	-11.76%	8.86%	16.51%	32.83%
EPS Q/Q Growth	-9.56%	-33.33%	7.93%	24.29%	35.45%	47.32%	20.73%	-11.13%	9.55%	16.86%	32.01%
Operating Cash Flow Q/Q Growth	-13.36%	-20.53%	49.72%	-3.54%	23.65%	17.87%	-4.89%	-0.81%	0.64%	27.64%	13.20%
Free Cash Flow Firm Q/Q Growth	-72.60%	-95.35%	-3.03%	0.26%	52.02%	115.45%	-85.99%	-1,272.43%	-230.25%	-43.27%	12.90%
Invested Capital Q/Q Growth	9.46%	7.26%	3.61%	3.23%	1.69%	1.11%	6.29%	3.34%	6.22%	4.70%	8.20%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	81.99%	79.38%	74.08%	78.68%	81.42%	81.81%	80.81%	81.79%	81.30%	81.83%	81.73%
EBITDA Margin	35.27%	27.97%	26.50%	34.32%	37.24%	49.43%	49.81%	48.16%	47.97%	53.83%	57.89%
Operating Margin	29.00%	20.44%	19.89%	25.23%	29.35%	40.26%	40.85%	37.90%	38.00%	42.75%	48.29%
EBIT Margin	28.40%	20.12%	19.12%	25.51%	29.04%	41.06%	41.90%	38.91%	38.66%	43.91%	48.68%
Profit (Net Income) Margin	23.20%	15.86%	14.47%	19.93%	24.34%	33.92%	34.95%	33.93%	34.46%	38.65%	43.07%
Tax Burden Percent	81.69%	78.82%	75.67%	78.13%	83.81%	82.62%	83.40%	87.21%	89.14%	88.03%	88.48%
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	18.31%	21.18%	24.33%	21.87%	16.20%	17.38%	16.60%	12.79%	10.86%	11.97%	11.52%
Return on Invested Capital (ROIC)	32.41%	20.81%	18.54%	23.68%	28.87%	39.56%	40.99%	40.74%	42.09%	47.32%	52.71%
ROIC Less NNEP Spread (ROIC-NNEP)	32.72%	21.00%	19.15%	23.44%	29.17%	38.72%	39.70%	39.25%	41.16%	45.92%	52.23%
Return on Net Nonoperating Assets (RNNOA)	-11.08%	-6.08%	-4.68%	-4.98%	-6.11%	-7.75%	-7.78%	-6.11%	-7.04%	-8.81%	-10.75%
Return on Equity (ROE)	21.32%	14.73%	13.86%	18.70%	22.76%	31.81%	33.21%	34.63%	35.05%	38.52%	41.96%
Cash Return on Invested Capital (CROIC)	20.84%	8.87%	2.02%	-0.37%	6.86%	18.35%	22.34%	26.67%	25.25%	23.70%	24.21%
Operating Return on Assets (OROA)	19.93%	13.64%	12.68%	17.17%	18.59%	26.38%	27.22%	27.26%	26.51%	29.02%	31.67%
Return on Assets (ROA)	16.28%	10.75%	9.59%	13.41%	15.58%	21.80%	22.70%	23.77%	23.63%	25.55%	28.02%
Return on Common Equity (ROCE)	21.32%	14.73%	13.86%	18.70%	22.76%	31.81%	33.21%	34.63%	35.05%	38.52%	41.96%
Return on Equity Simple (ROE_SIMPLE)	26.74%	23.23%	0.00%	17.18%	16.82%	20.81%	0.00%	30.60%	32.81%	33.76%	0.00%
Net Operating Profit after Tax (NOPAT)	6,828	4,464	4,841	5,646	7,871	11,358	13,664	12,051	13,234	15,273	20,673
NOPAT Margin	23.69%	16.11%	15.05%	19.71%	24.60%	33.26%	34.07%	33.06%	33.87%	37.63%	42.72%
Net Nonoperating Expense Percent (NNEP)	-0.31%	-0.19%	-0.62%	0.24%	-0.31%	0.84%	1.29%	1.49%	0.93%	1.41%	0.48%
Return On Investment Capital (ROIC_SIMPLE)	-	-	3.18%	-	-	-	7.18%	-	-	-	8.92%
Cost of Revenue to Revenue	18.01%	20.63%	25.92%	21.32%	18.58%	18.19%	19.19%	18.21%	18.70%	18.17%	18.27%
SG&A Expenses to Revenue	10.36%	12.21%	9.59%	10.07%	13.01%	6.06%	5.71%	9.48%	9.36%	4.59%	1.57%
R&D to Revenue	30.15%	33.09%	30.38%	32.75%	29.20%	27.06%	26.22%	27.37%	26.97%	27.54%	25.17%
Operating Expenses to Revenue	52.99%	58.94%	54.19%	53.45%	52.07%	41.55%	39.97%	43.88%	43.30%	39.08%	33.45%
Earnings before Interest and Taxes (EBIT)	8,186	5,576	6,149	7,307	9,293	14,020	16,808	14,183	15,106	17,822	23,552
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	10,165	7,751	8,525	9,831	11,916	16,879	19,980	17,557	18,743	21,849	28,012
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.46	2.93	2.53	4.39	5.48	5.39	5.92	8.34	8.16	8.80	8.09
Price to Tangible Book Value (P/TBV)	4.16	3.53	3.04	5.31	6.52	6.34	6.84	9.67	9.40	10.07	9.13
Price to Revenue (P/Rev)	3.65	3.08	2.73	4.67	6.09	6.07	6.72	8.74	8.54	9.27	8.99
Price to Earnings (P/E)	12.95	12.62	13.70	25.57	32.55	25.90	23.18	27.24	24.87	26.07	23.70
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.10%	0.20%	0.26%	0.34%
Earnings Yield	7.72%	7.92%	7.30%	3.91%	3.07%	3.86%	4.31%	3.67%	4.02%	3.84%	4.22%
Enterprise Value to Invested Capital (EV/IC)	4.27	3.36	2.82	4.89	6.42	6.61	7.34	9.93	9.60	10.40	9.76
Enterprise Value to Revenue (EV/Rev)	3.39	2.89	2.55	4.54	5.90	5.82	6.46	8.55	8.36	9.09	8.77
Enterprise Value to EBITDA (EV/EBITDA)	8.34	7.82	7.93	14.68	18.69	15.68	14.88	18.39	17.12	18.18	16.75
Enterprise Value to EBIT (EV/EBIT)	10.02	9.65	10.32	19.56	25.08	20.10	18.38	22.46	20.84	22.22	20.43
Enterprise Value to NOPAT (EV/NOPAT)	12.17	11.93	12.77	24.44	31.12	24.86	22.62	27.14	24.90	26.19	23.57
Enterprise Value to Operating Cash Flow (EV/OCF)	6.92	6.32	5.89	10.56	12.80	11.16	12.26	15.98	15.97	17.16	15.80
Enterprise Value to Free Cash Flow (EV/FCFF)	22.24	42.10	155.40	0.00	100.92	37.72	34.81	39.50	41.16	48.24	44.72
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.13	0.21	0.21	0.22	0.27	0.25	0.24	0.25	0.24	0.30	0.27
Long-Term Debt to Equity	0.12	0.20	0.20	0.21	0.26	0.24	0.23	0.24	0.23	0.29	0.26
Financial Leverage	-0.34	-0.29	-0.24	-0.21	-0.21	-0.20	-0.20	-0.16	-0.17	-0.19	-0.21
Leverage Ratio	1.29	1.35	1.40	1.41	1.45	1.48	1.49	1.48	1.50	1.54	1.51
Compound Leverage Factor	1.29	1.35	1.40	1.41	1.45	1.48	1.49	1.48	1.50	1.54	1.51
Debt to Total Capital	11.33%	17.27%	17.46%	18.10%	21.27%	20.22%	19.56%	20.11%	19.51%	22.96%	21.17%
Short-Term Debt to Total Capital	0.90%	0.86%	0.90%	0.97%	0.82%	0.82%	0.85%	0.90%	0.98%	0.94%	0.84%
Long-Term Debt to Total Capital	10.43%	16.41%	16.56%	17.13%	20.45%	19.41%	18.70%	19.21%	18.52%	22.02%	20.34%
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	88.67%	82.73%	82.54%	81.90%	78.73%	79.78%	80.44%	79.89%	80.49%	77.04%	78.83%
Debt to EBITDA	0.33	0.59	0.71	0.76	0.95	0.77	0.64	0.57	0.52	0.63	0.57
Net Debt to EBITDA	-0.64	-0.51	-0.54	-0.44	-0.62	-0.66	-0.59	-0.40	-0.36	-0.36	-0.40
Long-Term Debt to EBITDA	0.31	0.56	0.67	0.72	0.92	0.74	0.61	0.54	0.49	0.60	0.55
Debt to NOPAT	0.48	0.90	1.14	1.27	1.59	1.22	0.97	0.84	0.76	0.90	0.80
Net Debt to NOPAT	-0.93	-0.78	-0.87	-0.74	-1.03	-1.04	-0.89	-0.59	-0.52	-0.52	-0.57
Long-Term Debt to NOPAT	0.45	0.86	1.08	1.20	1.53	1.17	0.92	0.80	0.72	0.87	0.77
Altman Z-Score	7.61	5.51	4.61	6.92	7.48	7.85	8.72	11.79	12.06	11.03	11.18
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	2.52	2.57	2.20	2.07	2.32	2.57	2.67	2.68	2.83	2.73	2.98
Quick Ratio	2.34	2.34	2.01	1.91	2.20	2.43	2.55	2.55	2.69	2.57	2.82
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-8,220	-16,059	-16,545	-16,502	-7,917	1,223	171	-2,009	-6,636	-9,507	-8,281
Operating Cash Flow to CapEx	162.01%	103.60%	164.94%	205.16%	282.18%	314.07%	255.58%	300.72%	237.00%	299.39%	194.02%
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	0.70	0.68	0.66	0.67	0.64	0.64	0.65	0.70	0.69	0.66	0.65
Accounts Receivable Turnover	10.28	10.13	8.48	10.46	10.03	10.50	9.10	11.66	11.09	11.30	9.92
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	2.02	1.85	1.70	1.61	1.55	1.53	1.53	1.56	1.57	1.53	1.51
Accounts Payable Turnover	6.75	5.85	4.49	5.80	5.90	5.33	4.74	6.35	7.92	4.53	4.81
Days Sales Outstanding (DSO)	35.49	36.02	43.05	34.89	36.40	34.75	40.09	31.30	32.92	32.29	36.79
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)	54.10	62.37	81.26	62.90	61.91	68.53	77.02	57.47	46.11	80.49	75.85
Cash Conversion Cycle (CCC)	-18.61	-26.35	-38.21	-28.01	-25.51	-33.78	-36.93	-26.17	-13.20	-48.19	-39.06
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	94,809	101,690	105,365	108,764	110,597	111,825	118,858	122,824	130,467	136,605	147,812
Invested Capital Turnover	1.37	1.29	1.23	1.20	1.17	1.19	1.20	1.23	1.24	1.26	1.23
Increase / (Decrease) in Invested Capital	15,048	20,523	21,386	22,148	15,788	10,135	13,493	14,060	19,870	24,780	28,954
Enterprise Value (EV)	404,542	341,495	297,525	532,326	710,509	739,122	871,857	1,219,931	1,252,675	1,420,244	1,443,288
Market Capitalization	435,500	363,899	317,873	548,357	733,945	770,170	906,167	1,246,636	1,278,971	1,448,168	1,478,113
Book Value per Share	$46.47	$46.17	$47.41	$48.13	$52.30	$55.52	$59.60	$58.75	$61.80	$65.04	$72.35
Tangible Book Value per Share	$38.64	$38.31	$39.41	$39.80	$43.91	$47.18	$51.56	$50.64	$53.66	$56.87	$64.16
Total Capital	141,834	149,994	152,304	152,370	170,251	179,090	190,402	187,162	194,754	213,576	231,697
Total Debt	16,067	25,900	26,591	27,575	36,218	36,217	37,234	37,633	37,991	49,047	49,060
Total Long-Term Debt	14,792	24,609	25,224	26,096	34,822	34,757	35,611	35,957	36,074	47,031	47,118
Net Debt	-30,958	-22,404	-20,348	-16,031	-23,436	-31,048	-34,310	-26,705	-26,296	-27,924	-34,825
Capital Expenditures (CapEx)	7,528	9,355	8,798	6,823	6,134	6,496	7,592	6,400	8,173	8,258	14,425
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-5,444	-4,857	-6,848	-8,858	-12,411	-11,816	-10,375	-9,215	-6,736	-11,147	-9,424
Debt-free Net Working Capital (DFNWC)	35,045	36,919	33,890	28,581	41,035	49,307	55,028	48,905	51,344	59,753	68,391
Net Working Capital (NWC)	33,770	35,628	32,523	27,102	39,639	47,847	53,405	47,229	49,427	57,737	66,449
Net Nonoperating Expense (NNE)	141	69	188	-63	83	-225	-354	-318	-231	-415	-165
Net Nonoperating Obligations (NNO)	-30,958	-22,404	-20,348	-16,031	-23,436	-31,048	-34,310	-26,705	-26,296	-27,924	-34,825
Total Depreciation and Amortization (D&A)	1,979	2,175	2,376	2,524	2,623	2,859	3,172	3,374	3,637	4,027	4,460
Debt-free, Cash-free Net Working Capital to Revenue	-4.56%	-4.11%	-5.87%	-7.55%	-10.30%	-9.31%	-7.69%	-6.46%	-4.50%	-7.14%	-5.73%
Debt-free Net Working Capital to Revenue	29.35%	31.26%	29.06%	24.36%	34.05%	38.84%	40.79%	34.27%	34.28%	38.25%	41.57%
Net Working Capital to Revenue	28.28%	30.16%	27.89%	23.10%	32.89%	37.69%	39.59%	33.09%	33.00%	36.96%	40.39%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.47	$1.64	$1.78	$2.21	$3.03	$4.50	$5.45	$4.86	$5.31	$6.20	$8.24
Adjusted Weighted Average Basic Shares Outstanding	2.70B	2.68B	2.69B	2.59B	2.57B	2.58B	2.57B	2.55B	2.53B	2.53B	2.53B
Adjusted Diluted Earnings per Share	$2.46	$1.64	$1.77	$2.20	$2.98	$4.39	$5.30	$4.71	$5.16	$6.03	$7.96
Adjusted Weighted Average Diluted Shares Outstanding	2.71B	2.69B	2.70B	2.60B	2.61B	2.64B	2.63B	2.63B	2.61B	2.60B	2.61B
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	2.69B	2.65B	2.59B	2.56B	2.57B	2.57B	2.55B	2.54B	2.53B	2.52B	2.53B
Normalized Net Operating Profit after Tax (NOPAT)	6,828	4,464	4,841	5,646	7,871	11,358	13,664	12,051	13,234	15,273	20,673
Normalized NOPAT Margin	23.69%	16.11%	15.05%	19.71%	24.60%	33.26%	34.07%	33.06%	33.87%	37.63%	42.72%
Pre Tax Income Margin	28.40%	20.12%	19.12%	25.51%	29.04%	41.06%	41.90%	38.91%	38.66%	43.91%	48.68%
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%	0.00%	0.00%	0.00%	0.00%	8.13%
Augmented Payout Ratio	143.49%	142.74%	120.50%	129.71%	104.15%	69.60%	50.58%	55.55%	59.92%	64.94%	56.44%

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.

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 4/15/2025 by MarketBeat.com Staff

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Meta Platforms (META) Financials

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Meta Platforms (META) Financials

Annual Income Statements for Meta Platforms

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