Meta Platforms, Inc.

METANASDAQ

$635.95

Last price · USD

Market cap: $1.64T
P/E: 27.1x
EV / EBITDA: 16.1x
P/S: 8.1x
FCF yield: 2.8%
Div. yield: 0.33%

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

Meta Platforms, Inc. balance sheet

Annual · USD millions except per-share data · 42 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Current assets
Cash & cash equivalents	35,873	43,889	41,862	14,681	16,601	+21.2%
Short-term investments	45,719	33,926	23,541	26,057	31,397	+9.9%
Cash & short-term investments	81,592	77,815	65,403	40,738	47,998	+14.2%
Net receivables	19,769	16,994	16,169	13,466	14,039	+8.9%
Accounts receivable	19,769	16,994	16,169	13,466	14,039	+8.9%
Prepaids	0	0	0	0	4,480	—
Other current assets	7,361	5,236	3,793	5,345	149	+165.1%
Total current assets	108,722	100,045	85,365	59,549	66,666	+13.0%
Non-current assets
Property, plant & equipment (net)	196,804	136,268	109,881	92,191	69,964	+29.5%
Goodwill	24,534	20,654	20,654	20,306	19,197	+6.3%
Intangible assets	0	915	788	897	634	—
Goodwill & intangible assets	24,534	21,569	21,442	21,203	19,831	+5.5%
Long-term investments	27,524	6,070	6,141	6,201	6,775	+42.0%
Other non-current assets	8,437	12,102	6,794	6,583	2,751	+32.3%
Total non-current assets	257,299	176,009	144,258	126,178	99,321	+26.9%
Total assets	366,021	276,054	229,623	185,727	165,987	+21.9%
Current liabilities
Accounts payable	8,894	7,687	4,849	4,990	4,083	+21.5%
Other payables	0	3,438	3,655	3,456	2,308	—
Total payables	8,894	11,125	8,504	8,446	6,391	+8.6%
Capital lease obligations (current)	2,213	1,942	1,623	1,367	1,127	+18.4%
Tax payables	21,005	9,987	3,655	2,339	1,256	+102.2%
Deferred revenue	0	0	0	0	561	—
Other current liabilities	0	12,424	13,028	9,497	8,410	—
Total current liabilities	41,836	33,596	31,960	27,026	21,135	+18.6%
Non-current liabilities
Long-term debt	58,744	28,826	18,385	9,923	0	—
Capital lease obligations (non-current)	22,940	18,292	17,226	15,301	12,746	+15.8%
Deferred revenue (non-current)	0	0	(6,950)	(5,490)	0	—
Deferred tax liabilities (non-current)	21,005	0	6,950	5,490	0	—
Other non-current liabilities	4,253	12,703	8,884	7,764	7,227	-12.4%
Total non-current liabilities	106,942	59,821	44,495	32,988	19,973	+52.1%
Capital lease obligations	25,153	20,234	18,849	16,668	13,873	+16.0%
Total debt	83,897	49,060	37,234	26,591	13,873	+56.8%
Total liabilities	148,778	93,417	76,455	60,014	41,108	+37.9%
Stockholders' equity
Retained earnings	121,179	102,506	82,070	64,799	69,761	+14.8%
Additional paid-in capital	95,793	83,228	73,253	64,444	55,811	+14.5%
Accumulated other comprehensive income (loss)	271	(3,097)	(2,155)	(3,530)	(693)	—
Total stockholders' equity	217,243	182,637	153,168	125,713	124,879	+14.8%
Total equity	217,243	182,637	153,168	125,713	124,879	+14.8%
Total liabilities & equity	366,021	276,054	229,623	185,727	165,987	+21.9%
Additional fields
Accrued Expenses	30,729	8,105	8,805	7,716	4,646	+60.4%
Net Debt	48,024	5,171	(4,628)	11,910	(2,728)	—
Total Investments	73,243	39,996	29,682	32,258	38,172	+17.7%

Meta Platforms, Inc.

METANASDAQ

$635.95

Last price · USD

Market cap: $1.64T
P/E: 27.1x
EV / EBITDA: 16.1x
P/S: 8.1x
FCF yield: 2.8%
Div. yield: 0.33%

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

Meta Platforms, Inc. balance sheet

Annual · USD millions except per-share data · 42 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Current assets
Cash & cash equivalents	35,873	43,889	41,862	14,681	16,601	+21.2%
Short-term investments	45,719	33,926	23,541	26,057	31,397	+9.9%
Cash & short-term investments	81,592	77,815	65,403	40,738	47,998	+14.2%
Net receivables	19,769	16,994	16,169	13,466	14,039	+8.9%
Accounts receivable	19,769	16,994	16,169	13,466	14,039	+8.9%
Prepaids	0	0	0	0	4,480	—
Other current assets	7,361	5,236	3,793	5,345	149	+165.1%
Total current assets	108,722	100,045	85,365	59,549	66,666	+13.0%
Non-current assets
Property, plant & equipment (net)	196,804	136,268	109,881	92,191	69,964	+29.5%
Goodwill	24,534	20,654	20,654	20,306	19,197	+6.3%
Intangible assets	0	915	788	897	634	—
Goodwill & intangible assets	24,534	21,569	21,442	21,203	19,831	+5.5%
Long-term investments	27,524	6,070	6,141	6,201	6,775	+42.0%
Other non-current assets	8,437	12,102	6,794	6,583	2,751	+32.3%
Total non-current assets	257,299	176,009	144,258	126,178	99,321	+26.9%
Total assets	366,021	276,054	229,623	185,727	165,987	+21.9%
Current liabilities
Accounts payable	8,894	7,687	4,849	4,990	4,083	+21.5%
Other payables	0	3,438	3,655	3,456	2,308	—
Total payables	8,894	11,125	8,504	8,446	6,391	+8.6%
Capital lease obligations (current)	2,213	1,942	1,623	1,367	1,127	+18.4%
Tax payables	21,005	9,987	3,655	2,339	1,256	+102.2%
Deferred revenue	0	0	0	0	561	—
Other current liabilities	0	12,424	13,028	9,497	8,410	—
Total current liabilities	41,836	33,596	31,960	27,026	21,135	+18.6%
Non-current liabilities
Long-term debt	58,744	28,826	18,385	9,923	0	—
Capital lease obligations (non-current)	22,940	18,292	17,226	15,301	12,746	+15.8%
Deferred revenue (non-current)	0	0	(6,950)	(5,490)	0	—
Deferred tax liabilities (non-current)	21,005	0	6,950	5,490	0	—
Other non-current liabilities	4,253	12,703	8,884	7,764	7,227	-12.4%
Total non-current liabilities	106,942	59,821	44,495	32,988	19,973	+52.1%
Capital lease obligations	25,153	20,234	18,849	16,668	13,873	+16.0%
Total debt	83,897	49,060	37,234	26,591	13,873	+56.8%
Total liabilities	148,778	93,417	76,455	60,014	41,108	+37.9%
Stockholders' equity
Retained earnings	121,179	102,506	82,070	64,799	69,761	+14.8%
Additional paid-in capital	95,793	83,228	73,253	64,444	55,811	+14.5%
Accumulated other comprehensive income (loss)	271	(3,097)	(2,155)	(3,530)	(693)	—
Total stockholders' equity	217,243	182,637	153,168	125,713	124,879	+14.8%
Total equity	217,243	182,637	153,168	125,713	124,879	+14.8%
Total liabilities & equity	366,021	276,054	229,623	185,727	165,987	+21.9%
Additional fields
Accrued Expenses	30,729	8,105	8,805	7,716	4,646	+60.4%
Net Debt	48,024	5,171	(4,628)	11,910	(2,728)	—
Total Investments	73,243	39,996	29,682	32,258	38,172	+17.7%