Meta Platforms, Inc. (META) Key Metrics
META valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $1.81T
- Enterprise value
- $1.92T
- P/E (TTM)
- 26.7 10-yr median 25.8
- Forward P/E
- 22.1
- PEG ratio
- 0.98
- Price / sales
- 7.9 10-yr median 8.4
- Price / book
- 7.3 10-yr median 6.1
- EV / EBITDA
- 17.1 10-yr median 17.1
- Dividend yield
- 0.26% $2.10 a year
- Beta
- 1.19
META key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsMETA valuation Price multiples at each fiscal year-end price.
META returns How much profit the business earns on the capital it uses.
META per-share figures Results divided by the shares outstanding at year-end.
META financial health Debt, liquidity and how easily interest is covered.
META efficiency & capital use Working capital cycle and where the cash goes.
META valuation history
META returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
META debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
META cash returned to shareholders
META price vs earnings per share
META key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $1.70T | $1.53T | $930.56B | $325.16B | $961.62B | $788.89B | $590.30B | $382.91B | $521.62B | $336.52B |
| Enterprise value | $1.70T | $1.50T | $902.39B | $311.01B | $927.50B | $737.59B | $545.77B | $342.30B | $479.98B | $308.43B |
| P/E ratio | 28.1 | 24.5 | 23.8 | 14.0 | 24.4 | 27.1 | 31.9 | 17.3 | 32.7 | 32.9 |
| Price / sales | 8.5 | 9.3 | 6.9 | 2.8 | 8.2 | 9.2 | 8.3 | 6.9 | 12.8 | 12.2 |
| Price / book | 7.8 | 8.4 | 6.1 | 2.6 | 7.7 | 6.1 | 5.8 | 4.6 | 7.0 | 5.7 |
| Price / free cash flow | 36.8 | 28.3 | 21.2 | 17.1 | 24.6 | 33.4 | 27.8 | 24.9 | 29.8 | 29.0 |
| Price / operating cash flow | 14.7 | 16.8 | 13.1 | 6.4 | 16.7 | 20.4 | 16.3 | 13.1 | 21.5 | 20.9 |
| EV / sales | 8.5 | 9.1 | 6.7 | 2.7 | 7.9 | 8.6 | 7.7 | 6.1 | 11.8 | 11.2 |
| EV / EBITDA | 16.3 | 17.3 | 15.8 | 8.3 | 16.9 | 18.7 | 18.4 | 11.7 | 20.7 | 20.9 |
| EV / free cash flow | 36.9 | 27.8 | 20.6 | 16.3 | 23.7 | 31.2 | 25.7 | 22.3 | 27.5 | 26.5 |
| Earnings yield | 3.6% | 4.1% | 4.2% | 7.1% | 4.1% | 3.7% | 3.1% | 5.8% | 3.1% | 3.0% |
| Free cash flow yield | 2.7% | 3.5% | 4.7% | 5.9% | 4.1% | 3.0% | 3.6% | 4.0% | 3.4% | 3.5% |
| Dividend yield | 0.3% | 0.3% | 0.0% | 0.0% | 0.0% | 0.0% | 0.4% | 0.0% | 0.0% | 0.0% |
| Shareholder yield (dividends + buybacks) | 1.9% | 2.3% | 2.1% | 8.6% | 4.6% | 0.8% | 1.1% | 3.4% | 0.4% | 0.0% |
| Share price at fiscal year-end | $660.09 | $585.51 | $353.96 | $120.34 | $336.35 | $273.16 | $205.25 | $131.09 | $176.46 | $115.05 |
| Per share | ||||||||||
| Revenue per share | $78.08 | $62.93 | $51.31 | $43.16 | $41.25 | $29.77 | $24.58 | $19.12 | $13.75 | $9.45 |
| Earnings per share | $23.49 | $23.86 | $14.87 | $8.59 | $13.77 | $10.09 | $6.43 | $7.57 | $5.39 | $3.49 |
| Operating cash flow per share | $44.99 | $34.94 | $27.05 | $18.68 | $20.18 | $13.42 | $12.63 | $10.02 | $8.19 | $5.51 |
| Free cash flow per share | $17.91 | $20.69 | $16.68 | $7.05 | $13.68 | $8.18 | $7.38 | $5.26 | $5.91 | $3.97 |
| Cash per share | $31.70 | $29.77 | $24.88 | $15.08 | $16.79 | $21.45 | $19.07 | $14.08 | $14.11 | $10.07 |
| Book value per share | $84.40 | $69.87 | $58.26 | $46.53 | $43.68 | $44.42 | $35.14 | $28.80 | $25.15 | $20.24 |
| Tangible book value per share | $73.43 | $61.62 | $50.10 | $38.68 | $36.74 | $37.61 | $28.32 | $22.09 | $18.35 | $13.18 |
| Dividends per share | $2.07 | $1.94 | $0.00 | $0.00 | $0.00 | $0.00 | $0.81 | $0.00 | $0.00 | $0.00 |
| Capex per share | $27.07 | $14.25 | $10.37 | $11.63 | $6.49 | $5.23 | $5.25 | $4.76 | $2.28 | $1.54 |
| Debt per share | $32.59 | $18.77 | $14.16 | $9.84 | $4.85 | $3.69 | $3.59 | $0.17 | $0.02 | $0.46 |
| Shares outstanding | 2.57B | 2.61B | 2.63B | 2.70B | 2.86B | 2.89B | 2.88B | 2.92B | 2.96B | 2.92B |
| Change in shares outstanding | −1.5% | −0.6% | −2.7% | −5.5% | −1.0% | +0.4% | −1.5% | −1.2% | +1.1% | +2.5% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 30.2% | 37.1% | 28.0% | 18.5% | 31.1% | 25.4% | 20.0% | 27.9% | 23.9% | 19.8% |
| Return on invested capital (ROIC) | 31.4% | 43.9% | 32.6% | 23.0% | 46.4% | 43.0% | 35.7% | 57.0% | 49.0% | 35.5% |
| Return on assets (ROA) | 18.8% | 24.7% | 18.8% | 13.2% | 24.2% | 19.9% | 16.0% | 24.3% | 21.3% | 17.9% |
| Return on tangible assets | 17.9% | 24.5% | 18.8% | 14.1% | 26.9% | 20.9% | 16.2% | 28.4% | 24.7% | 23.1% |
| Free cash flow margin | 22.9% | 32.9% | 32.5% | 16.3% | 33.2% | 27.5% | 30.0% | 27.5% | 43.0% | 42.0% |
| Income quality (OCF / net income) | 1.92 | 1.46 | 1.82 | 2.18 | 1.47 | 1.33 | 1.96 | 1.32 | 1.52 | 1.58 |
| Financial health | ||||||||||
| Total debt | $83.90B | $49.06B | $37.23B | $26.59B | $13.87B | $10.65B | $10.32B | $500.0M | $72.0M | $1.36B |
| Cash & short-term investments | $81.59B | $77.81B | $65.40B | $40.74B | $48.00B | $61.95B | $54.85B | $41.11B | $41.71B | $29.45B |
| Net debt | $2.31B | −$28.75B | −$28.17B | −$14.15B | −$34.12B | −$51.30B | −$44.53B | −$40.61B | −$41.64B | −$28.09B |
| Debt / equity | 0.39 | 0.27 | 0.24 | 0.21 | 0.11 | 0.08 | 0.10 | 0.01 | 0.00 | 0.02 |
| Debt / assets | 0.23 | 0.18 | 0.16 | 0.14 | 0.08 | 0.07 | 0.08 | 0.01 | 0.00 | 0.02 |
| Net debt / EBITDA | 0.02 | −0.33 | −0.49 | −0.38 | −0.62 | −1.30 | −1.50 | −1.39 | −1.79 | −1.90 |
| Current ratio | 2.60 | 2.98 | 2.67 | 2.20 | 3.15 | 5.05 | 4.40 | 7.19 | 12.92 | 11.97 |
| Quick ratio | 2.60 | 2.98 | 2.67 | 2.20 | 3.15 | 5.05 | 4.40 | 7.19 | 12.92 | 11.97 |
| Interest coverage | 71.5 | 97.0 | 104.8 | 156.5 | 101.4 | 48.6 | — | — | — | — |
| Working capital | $66.89B | $66.45B | $53.41B | $32.52B | $45.53B | $60.69B | $51.17B | $43.46B | $44.80B | $31.53B |
| Invested capital | $219.55B | $153.88B | $125.00B | $111.57B | $90.75B | $76.99B | $56.52B | $43.51B | $32.71B | $31.10B |
| Tangible asset value | $189.02B | $161.07B | $131.73B | $104.51B | $105.05B | $108.62B | $81.44B | $64.53B | $54.24B | $38.54B |
| Net current asset value | −$40.06B | $6.63B | $8.91B | −$465.0M | $25.56B | $44.64B | $33.90B | $37.27B | $38.39B | $28.63B |
| Graham number | $211.19 | $193.66 | $139.62 | $94.81 | $116.33 | $100.43 | $71.28 | $70.04 | $55.23 | $39.88 |
| Graham net-net per share | −$20.34 | −$1.09 | $0.41 | −$3.40 | $6.09 | $13.65 | $10.32 | $11.50 | $12.15 | $9.12 |
| Capital allocation | ||||||||||
| Dividends paid | $5.32B | $5.07B | $0 | $0 | $0 | $0 | $2.34B | $0 | $0 | $0 |
| Share buybacks (net) | $26.25B | $30.12B | $19.77B | $27.96B | $44.54B | $6.27B | $4.20B | $12.88B | $1.98B | $6.0M |
| Dividend payout ratio | 8.8% | 8.1% | 0.0% | 0.0% | 0.0% | 0.0% | 12.6% | 0.0% | 0.0% | 0.0% |
| Dividends + buybacks / free cash flow | 68.5% | 65.1% | 45.1% | 146.8% | 113.9% | 26.5% | 30.8% | 83.9% | 11.3% | 0.1% |
| Capex / revenue | 34.7% | 22.6% | 20.2% | 27.0% | 15.7% | 17.6% | 21.4% | 24.9% | 16.6% | 16.2% |
| Capex / operating cash flow | 60.2% | 40.8% | 38.3% | 62.3% | 32.2% | 39.0% | 41.6% | 47.5% | 27.8% | 27.9% |
| Capex / depreciation | 3.74 | 2.40 | 2.44 | 3.62 | 2.33 | 2.20 | 2.63 | 3.22 | 2.23 | 1.92 |
| Stock-based compensation / revenue | 10.2% | 10.1% | 10.4% | 10.3% | 7.8% | 7.6% | 6.8% | 7.4% | 9.2% | 11.6% |
| R&D / revenue | 28.5% | 26.7% | 28.5% | 30.3% | 20.9% | 21.5% | 19.2% | 18.4% | 19.1% | 21.4% |
| SG&A / revenue | 12.0% | 12.8% | 17.6% | 23.2% | 20.2% | 21.1% | 28.8% | 20.2% | 17.8% | 19.9% |
| Efficiency | ||||||||||
| Days sales outstanding | 33.4 | 36.8 | 40.1 | 43.0 | 39.3 | 44.3 | 44.2 | 43.9 | 44.1 | 43.3 |
| Days payables outstanding | 83.6 | 75.9 | 69.2 | 65.6 | 43.6 | 29.5 | 31.2 | 23.4 | 22.8 | 24.0 |
| Cash conversion cycle (days) | -50.3 | -39.1 | -29.1 | -22.5 | -4.4 | 14.8 | 13.0 | 20.4 | 21.3 | 19.3 |
| Receivables turnover | 10.93 | 9.92 | 9.10 | 8.48 | 9.30 | 8.24 | 8.27 | 8.32 | 8.28 | 8.44 |
| Payables turnover | 4.36 | 4.81 | 5.28 | 5.57 | 8.37 | 12.39 | 11.70 | 15.59 | 15.99 | 15.22 |
| Asset turnover | 0.63 | 0.65 | 0.65 | 0.66 | 0.73 | 0.59 | 0.61 | 0.61 | 0.54 | 0.48 |
| Average receivables | $18.38B | $16.58B | $14.82B | $13.75B | $12.69B | $10.43B | $8.55B | $6.71B | $4.91B | $3.28B |
| Average payables | $8.29B | $6.27B | $4.92B | $4.54B | $2.71B | $1.35B | $1.09B | $600.0M | $341.0M | $249.0M |
| Average inventory | — | — | — | — | — | — | — | — | $0 | $0 |
| Intangibles / total assets | 7.7% | 7.8% | 9.3% | 11.4% | 11.9% | 12.3% | 14.7% | 20.1% | 23.8% | 31.8% |
Computed from META's annual financial statements (latest annual report filed January 29, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
META valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Meta traded at 28.1 times earnings, against a 10-year median of 25.8. Based on the latest twelve months, the trailing P/E is 26.7 and the forward P/E is 22.1. Meta earned a return on equity of 30.2% and a return on invested capital of 31.4% in fiscal 2025. It ended the year with $83.9 billion of debt and $81.6 billion in cash and short-term investments, net debt of $2.3 billion. It returned $31.6 billion to shareholders: $5.3 billion in dividends and $26.2 billion in share buybacks, 68% of free cash flow. The share count fell 12.0% from 2.92B to 2.57B over 9 years.
See the META income statement, the META chart for price history, or the META stock overview for the latest quote and news.
META key metrics FAQ
What is Meta's P/E ratio?
Meta's trailing P/E ratio is 26.7 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 22.1. At the end of fiscal 2025 it was 28.1, compared with a 10-year median of 25.8.
What is Meta's EV/EBITDA?
Meta's enterprise value was 16.3 times EBITDA at the end of fiscal 2025 (enterprise value $1.70 trillion, EBITDA $104.5 billion); the current EV/EBITDA is 17.1.
What is Meta's return on equity?
Meta's return on equity (ROE) was 30.2% in fiscal 2025: net income of $60.5 billion on average shareholders' equity of $199.9 billion.
What is Meta's ROIC?
Meta's return on invested capital was 31.4% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Meta have?
Meta had total debt of $83.9 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.39 and $2.3 billion of net debt (0.02 times EBITDA).
What is Meta's dividend yield?
Meta's forward dividend yield is 0.26%. Meta paid $5.3 billion in dividends in fiscal 2025 ($2.07 per share), a payout ratio of 8.8%.
Does Meta buy back its shares?
Yes. Meta spent $26.2 billion on net share repurchases in fiscal 2025 Shares outstanding changed −1.5% over the year, to 2.57B..
What is Meta's free cash flow yield?
Meta generated $46.1 billion of free cash flow in fiscal 2025, a free cash flow yield of 2.7% on its market value at year-end ($1.70 trillion).
What is Meta's current ratio?
Meta's current ratio was 2.60 at the end of fiscal 2025: current assets were 2.60 times current liabilities.