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Our mission is to build the future of human connection and the technology that makes it possible. Our products enable people to connect and share through mobile devices, personal computers, virtual reality (VR) headsets, and AI glasses.
$597.63
$2.84 (-0.47%)
Last close via Marketstack
Margins and capital returns are both well above average: 41.44% operating margin, ROIC at 21.62%. Consistent with durable pricing power, though that alone doesn't make it a buy.
Revenue grew 22.2%, still solid. Free cash flow declined 15% despite revenue growth, conversion is weakening.
Free cash flow declined 15% versus the prior year, cash generation momentum has weakened. ROIC dropped from 28.84% to 21.62%, capital efficiency is deteriorating.
21.7x earnings, 31.8x FCF. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$214.96B
▲ +22.2% YoY
Net Income (TTM)
$70.59B
▼ -3.1% YoY
Op. Margin
41.21%
▼ -0.7pp YoY
ROIC
24.90%
▼ -7.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$48.25B
▼ -14.7% YoY
Op. Cash Flow (TTM)
$124.00B
▲ +26.8% YoY
Net Debt
$5.59B
Cash & Equiv.
$81.18B
5Y CAGR: +18.5%
5Y CAGR: +14.3%
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