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As our founders Larry and Sergey wrote in the original founders' letter, "Google is not a conventional company. We do not intend to become one." That unconventional spirit has been a driving force throughout our history, inspiring us to tackle big problems and invest in moonshots.
$372.19
+$13.20 (+3.68%)
Last close via Marketstack
Margins and capital returns are both well above average: 32.03% operating margin, ROIC at 24.44%. Consistent with durable pricing power, though that alone doesn't make it a buy.
Revenue grew 15.1%, still solid.
At 28x earnings, the current multiple leaves limited room for execution misses or growth deceleration. ROIC dropped from 27.72% to 24.44%, capital efficiency is deteriorating.
28.4x earnings, 70.7x FCF. Not cheap, the quality is already reflected in the price. Upside from here requires either margin expansion or growth re-acceleration, not just continuation.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$422.50B
▲ +15.1% YoY
Net Income (TTM)
$160.21B
▲ +32.0% YoY
Op. Margin
32.69%
ROIC
21.90%
▼ -3.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$64.43B
▲ +0.7% YoY
Op. Cash Flow (TTM)
$174.35B
▲ +31.5% YoY
Net Debt
-$28.97B
Net Cash Position
Cash & Equiv.
$126.84B
5Y CAGR: +17.2%
5Y CAGR: +11.3%
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