Twilio Inc (TWLO) Key Metrics
TWLO valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $37.53B
- Enterprise value
- $43.05B
- P/E (TTM)
- 33.8
- Forward P/E
- 43.7
- PEG ratio
- 0.45
- Price / sales
- 6.7 10-yr median 7.3
- Price / book
- 5.0 10-yr median 3.6
- EV / EBITDA
- 86.2
- Dividend yield
- —
- Beta
- 1.36
TWLO key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsTWLO valuation Price multiples at each fiscal year-end price.
TWLO returns How much profit the business earns on the capital it uses.
TWLO per-share figures Results divided by the shares outstanding at year-end.
TWLO financial health Debt, liquidity and how easily interest is covered.
TWLO efficiency & capital use Working capital cycle and where the cash goes.
TWLO valuation history
TWLO returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
TWLO debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
TWLO cash returned to shareholders
TWLO price vs earnings per share
TWLO key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $22.73B | $17.93B | $13.91B | $8.96B | $45.87B | $49.66B | $12.78B | $8.67B | $2.15B | $2.56B |
| Enterprise value | $21.34B | $16.66B | $11.06B | $6.04B | $41.80B | $47.23B | $11.57B | $8.39B | $1.88B | $2.28B |
| P/E ratio | 671.8 | — | — | — | — | — | — | — | — | — |
| Price / sales | 4.5 | 4.0 | 3.3 | 2.3 | 16.1 | 28.2 | 11.3 | 13.3 | 5.4 | 9.2 |
| Price / book | 2.9 | 2.3 | 1.4 | 0.8 | 4.2 | 5.9 | 3.0 | 19.8 | 6.0 | 7.8 |
| Price / free cash flow | 22.0 | 27.3 | 38.3 | — | — | — | — | — | — | — |
| Price / operating cash flow | 22.7 | 25.0 | 33.5 | — | — | — | 910.1 | — | — | 253.3 |
| EV / sales | 4.2 | 3.7 | 2.7 | 1.6 | 14.7 | 26.8 | 10.2 | 12.9 | 4.7 | 8.2 |
| EV / EBITDA | 78.3 | 141.9 | — | — | — | — | — | — | — | — |
| EV / free cash flow | 20.7 | 25.3 | 30.4 | — | — | — | — | — | — | — |
| Earnings yield | 0.1% | −0.6% | −7.3% | −14.0% | −2.1% | −1.0% | −2.4% | −1.4% | −3.0% | −1.6% |
| Free cash flow yield | 4.5% | 3.7% | 2.6% | −3.7% | −0.3% | −0.1% | −0.4% | −0.2% | −1.4% | −0.6% |
| Dividend yield | — | — | — | 0.0% | 0.0% | 0.0% | 0.0% | — | 0.0% | 0.0% |
| Shareholder yield (dividends + buybacks) | 3.8% | 13.0% | 4.8% | 0.0% | 0.0% | 0.0% | 0.1% | 0.0% | 0.0% | 0.0% |
| Share price at fiscal year-end | $142.24 | $108.08 | $75.87 | $48.96 | $263.34 | $338.50 | $98.28 | $89.30 | $23.60 | $28.85 |
| Per share | ||||||||||
| Revenue per share | $31.71 | $26.87 | $22.66 | $20.91 | $16.32 | $12.01 | $8.72 | $6.69 | $4.37 | $3.13 |
| Earnings per share | $0.21 | −$0.66 | −$5.54 | −$6.86 | −$5.45 | −$3.35 | −$2.36 | −$1.26 | −$0.70 | −$0.47 |
| Operating cash flow per share | $6.28 | $4.32 | $2.26 | −$1.39 | −$0.33 | $0.22 | $0.11 | $0.08 | −$0.04 | $0.11 |
| Free cash flow per share | $6.46 | $3.96 | $1.98 | −$1.83 | −$0.85 | −$0.18 | −$0.41 | −$0.17 | −$0.33 | −$0.19 |
| Cash per share | $15.46 | $14.37 | $21.88 | $22.71 | $30.76 | $20.72 | $14.24 | $7.70 | $3.19 | $3.45 |
| Book value per share | $48.95 | $47.93 | $53.09 | $57.70 | $63.33 | $57.62 | $32.90 | $4.51 | $3.94 | $3.72 |
| Tangible book value per share | $14.94 | $14.89 | $22.58 | $24.18 | $27.09 | $19.70 | $11.70 | $3.84 | $3.53 | $3.56 |
| Dividends per share | — | — | — | $0.01 | $0.06 | $0.06 | $0.04 | — | $0.00 | $0.00 |
| Capex per share | $0.04 | $0.35 | $0.28 | $0.44 | $0.52 | $0.40 | $0.52 | $0.25 | $0.29 | $0.30 |
| Debt per share | $6.77 | $6.69 | $6.33 | $6.77 | $7.39 | $4.14 | $4.92 | $4.76 | $0.23 | $0.32 |
| Shares outstanding | 159.8M | 165.9M | 183.3M | 183.0M | 174.2M | 146.7M | 130.1M | 97.1M | 91.2M | 88.6M |
| Change in shares outstanding | −3.7% | −9.5% | +0.2% | +5.1% | +18.7% | +12.8% | +33.9% | +6.5% | +2.9% | +66.4% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 0.4% | −1.2% | −10.0% | −11.6% | −9.8% | −7.7% | −13.0% | −30.6% | −18.5% | −18.5% |
| Return on invested capital (ROIC) | 1.6% | −0.5% | −4.2% | −11.2% | −11.1% | −8.6% | −18.1% | −75.2% | −73.3% | −83.7% |
| Return on assets (ROA) | 0.3% | −1.0% | −8.4% | −9.8% | −8.4% | −6.7% | −9.9% | −16.5% | −14.8% | −14.5% |
| Return on tangible assets | 0.8% | −2.5% | −16.9% | −19.5% | −14.2% | −12.5% | −12.8% | −12.7% | −15.5% | −10.4% |
| Free cash flow margin | 20.4% | 14.7% | 8.8% | −8.7% | −5.2% | −1.5% | −4.7% | −2.6% | −7.5% | −5.9% |
| Income quality (OCF / net income) | 29.65 | — | — | — | — | — | — | — | — | — |
| Financial health | ||||||||||
| Total debt | $1.08B | $1.11B | $1.16B | $1.24B | $1.29B | $607.2M | $640.2M | $462.5M | $20.9M | $28.8M |
| Cash & short-term investments | $2.47B | $2.38B | $4.01B | $4.16B | $5.36B | $3.04B | $1.85B | $748.3M | $290.9M | $305.7M |
| Net debt | −$1.39B | −$1.27B | −$2.85B | −$2.92B | −$4.07B | −$2.43B | −$1.21B | −$285.8M | −$270.0M | −$276.9M |
| Debt / equity | 0.14 | 0.14 | 0.12 | 0.12 | 0.12 | 0.07 | 0.15 | 1.06 | 0.06 | 0.09 |
| Debt / assets | 0.11 | 0.11 | 0.10 | 0.10 | 0.10 | 0.06 | 0.12 | 0.45 | 0.05 | 0.07 |
| Net debt / EBITDA | −5.10 | −10.86 | — | — | — | — | — | — | — | — |
| Current ratio | 4.03 | 4.20 | 6.64 | 6.17 | 8.43 | 7.52 | 8.34 | 6.33 | 4.50 | 4.79 |
| Quick ratio | 4.03 | 4.20 | 6.64 | 6.17 | 8.43 | 7.52 | 8.34 | 6.33 | 4.50 | 4.79 |
| Interest coverage | — | — | — | -2.7 | -20.2 | -19.7 | -14.7 | -7.7 | — | — |
| Working capital | $2.69B | $2.63B | $4.17B | $4.18B | $5.23B | $2.92B | $1.81B | $735.1M | $274.7M | $279.7M |
| Invested capital | $6.43B | $6.68B | $6.88B | $7.64B | $6.96B | $6.02B | $3.07B | $152.4M | $89.8M | $52.6M |
| Tangible asset value | $2.39B | $2.47B | $4.14B | $4.42B | $4.72B | $2.89B | $1.52B | $372.5M | $321.9M | $315.6M |
| Net current asset value | $1.63B | $1.53B | $3.03B | $2.98B | $3.97B | $2.34B | $1.19B | $282.5M | $263.3M | $270.1M |
| Graham number | $15.27 | — | — | — | — | — | — | — | — | — |
| Graham net-net per share | $6.25 | $5.50 | $13.95 | $13.99 | $21.14 | $14.95 | $8.43 | $2.38 | $2.56 | $2.73 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | $1.1M | $10.4M | $8.8M | $5.4M | — | $0 | $0 |
| Share buybacks (net) | $868.9M | $2.33B | $668.8M | $1.1M | $10.4M | $8.8M | $5.4M | $2.7M | $100,000 | $2,000 |
| Dividends + buybacks / free cash flow | 84.1% | 355.1% | 184.0% | — | — | — | — | — | — | — |
| Capex / revenue | 0.1% | 1.3% | 1.2% | 2.1% | 3.2% | 3.4% | 5.9% | 3.8% | 6.7% | 9.6% |
| Capex / operating cash flow | 0.6% | 8.2% | 12.4% | — | — | 181.1% | 479.0% | 308.8% | — | 262.5% |
| Capex / depreciation | 0.03 | 0.29 | 0.18 | 0.29 | 0.35 | 0.40 | 0.61 | 0.94 | 1.43 | 3.19 |
| Stock-based compensation / revenue | 11.8% | 13.8% | 16.3% | 20.9% | 22.2% | 20.5% | 23.3% | 14.3% | 12.4% | 8.7% |
| R&D / revenue | 20.1% | 22.6% | 22.7% | 28.2% | 27.8% | 30.1% | 34.5% | 26.4% | 30.3% | 28.1% |
| SG&A / revenue | 24.4% | 28.3% | 34.0% | 44.0% | 53.4% | 49.8% | 51.8% | 45.1% | 40.5% | 42.0% |
| Efficiency | ||||||||||
| Days sales outstanding | 44.1 | 47.1 | 48.8 | 44.6 | 41.1 | 42.0 | 40.5 | 39.5 | 31.7 | 29.8 |
| Days of inventory on hand | — | — | 0.0 | — | — | 0.0 | — | — | 0.0 | 0.0 |
| Days payables outstanding | 13.1 | 18.4 | 21.1 | 19.8 | 19.3 | 21.4 | 20.0 | 18.0 | 15.3 | 9.8 |
| Cash conversion cycle (days) | 31.1 | 28.7 | 27.7 | 24.9 | 21.8 | 20.6 | 20.5 | 21.6 | 16.4 | 20.0 |
| Receivables turnover | 8.27 | 7.74 | 7.48 | 8.18 | 8.89 | 8.70 | 9.01 | 9.23 | 11.51 | 12.25 |
| Payables turnover | 27.94 | 19.84 | 17.28 | 18.47 | 18.92 | 17.07 | 18.25 | 20.32 | 23.92 | 37.24 |
| Inventory turnover | — | — | 2,110,015,000.00 | — | — | 846,115,000.00 | — | — | 182,895,000.00 | 120,520,000.00 |
| Asset turnover | 0.52 | 0.42 | 0.34 | 0.30 | 0.25 | 0.24 | 0.37 | 0.88 | 0.93 | 0.97 |
| Average receivables | $612.6M | $575.7M | $555.1M | $467.9M | $319.7M | $202.6M | $125.9M | $70.4M | $34.7M | $22.6M |
| Average payables | $92.6M | $109.9M | $122.1M | $109.0M | $76.7M | $49.6M | $28.8M | $14.8M | $7.6M | $3.2M |
| Average inventory | — | — | $1 | — | — | $1 | — | — | $1 | $1 |
| Intangibles / total assets | 55.6% | 55.6% | 48.2% | 48.8% | 48.6% | 58.6% | 53.5% | 6.4% | 8.4% | 3.4% |
Computed from TWLO's annual financial statements (latest annual report filed February 24, 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.
TWLO valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Twilio traded at 671.8 times earnings. Based on the latest twelve months, the trailing P/E is 33.8 and the forward P/E is 43.7. Twilio earned a return on equity of 0.4% and a return on invested capital of 1.6% in fiscal 2025. It ended the year with $1.1 billion of debt and $2.5 billion in cash and short-term investments, a net cash position of $1.4 billion. It returned $868.9 million to shareholders: $0 in dividends and $868.9 million in share buybacks, 84% of free cash flow. The share count rose 80.3% from 88.6M to 159.8M over 9 years.
See the TWLO income statement, the TWLO chart for price history, or the TWLO stock overview for the latest quote and news.
TWLO key metrics FAQ
What is Twilio's P/E ratio?
Twilio's trailing P/E ratio is 33.8 based on the last twelve months of earnings (as of October 17, 2026), and its forward P/E is 43.7. At the end of fiscal 2025 it was 671.8.
What is Twilio's EV/EBITDA?
Twilio's enterprise value was 78.3 times EBITDA at the end of fiscal 2025 (enterprise value $21.3 billion, EBITDA $272.5 million); the current EV/EBITDA is 86.2.
What is Twilio's return on equity?
Twilio's return on equity (ROE) was 0.4% in fiscal 2025: net income of $33.8 million on average shareholders' equity of $7.9 billion.
What is Twilio's ROIC?
Twilio's return on invested capital was 1.6% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Twilio have?
Twilio had total debt of $1.1 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.14 and more cash than debt.
Does Twilio buy back its shares?
Yes. Twilio spent $868.9 million on net share repurchases in fiscal 2025 Shares outstanding changed −3.7% over the year, to 159.8M..
What is Twilio's free cash flow yield?
Twilio generated $1.0 billion of free cash flow in fiscal 2025, a free cash flow yield of 4.5% on its market value at year-end ($22.7 billion).
What is Twilio's current ratio?
Twilio's current ratio was 4.03 at the end of fiscal 2025: current assets were 4.03 times current liabilities.