Meta Platforms Inc - Understand $meta stock

$META Market Cap: $1.46 Trillion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$149.8B

TTM

Gross Margin

81.5%

TTM

Net Earnings

$51.43B

TTM

Current Assets

$76.43B

Q2 2024

Current Liabilities

$27.00B

Q2 2024

Current Ratio

283.04%

Q2 2024

Total Assets

$230.2B

Q2 2024

Total Liabilities

$73.48B

Q2 2024

Book Value

$156.8B

Q2 2024

Cash

$32.05B

Q2 2024

P/E

28.38

Oct 17, 2024 EST

Free Cash Flow

$49.64B

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue	$134.9B	$116.6B	$117.9B	$85.97B	$70.70B	$55.84B	$40.65B	$27.64B	$17.93B	$12.47B	$7.872B	$5.089B	$3.711B	$1.974B	$777.0M	$272.0M
YoY Change	15.69%	-1.12%	37.18%	21.6%	26.61%	37.35%	47.09%	54.16%	43.82%	58.36%	54.69%	37.13%	87.99%	154.05%	185.66%	77.78%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue	$134.9B	$116.6B	$117.9B	$85.97B	$70.70B	$55.84B	$40.65B	$27.64B	$17.93B	$12.47B	$7.872B	$5.089B	$3.711B	$1.974B	$777.0M	$272.0M
Cost Of Revenue	$25.96B	$25.25B	$22.65B	$16.69B	$12.77B	$9.355B	$5.454B	$3.789B	$2.867B	$2.153B	$1.875B	$1.364B	$860.0M	$493.0M	$223.0M	$124.0M
Gross Profit	$108.9B	$91.36B	$95.28B	$69.27B	$57.93B	$46.48B	$35.20B	$23.85B	$15.06B	$10.31B	$5.997B	$3.725B	$2.851B	$1.481B	$554.0M	$148.0M
Gross Profit Margin	80.76%	78.35%	80.79%	80.58%	81.94%	83.25%	86.58%	86.29%	84.01%	82.73%	76.18%	73.2%	76.83%	75.03%	71.3%	54.41%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Selling, General & Admin	$23.71B	$27.08B	$23.87B	$18.16B	$20.34B	$11.30B	$7.242B	$5.503B	$4.020B	$2.653B	$1.778B	$1.788B	$707.0M	$305.0M	$205.0M	$156.0M
YoY Change	-12.44%	13.43%	31.49%	-10.75%	80.06%	55.99%	31.6%	36.89%	51.53%	49.21%	-0.56%	152.9%	131.8%	48.78%	31.41%	0.65%
% of Gross Profit	21.76%	29.64%	25.05%	26.21%	35.11%	24.3%	20.57%	23.07%	26.69%	25.72%	29.65%	48.0%	24.8%	20.59%	37.0%	105.41%
Research & Development	$38.48B	$35.34B	$24.66B	$18.45B	$13.60B	$10.27B	$7.754B	$5.919B	$4.816B	$2.666B	$1.415B	$1.399B	$388.0M	$144.0M	$87.00M	$47.00M
YoY Change	8.9%	43.33%	33.65%	35.64%	32.39%	32.49%	31.0%	22.9%	80.65%	88.41%	1.14%	260.57%	169.44%	65.52%	85.11%	-41.98%
% of Gross Profit	35.32%	38.68%	25.88%	26.63%	23.48%	22.1%	22.03%	24.82%	31.98%	25.85%	23.6%	37.56%	13.61%	9.72%	15.7%	31.76%
Depreciation & Amortization	$11.18B	$8.686B	$7.967B	$6.862B	$5.741B	$4.315B	$3.025B	$2.342B	$1.945B	$1.243B	$1.011B	$649.0M	$323.0M	$139.0M	$78.00M
YoY Change	28.69%	9.02%	16.1%	19.53%	33.05%	42.64%	29.16%	20.41%	56.48%	22.95%	55.78%	100.93%	132.37%	78.21%
% of Gross Profit	10.26%	9.51%	8.36%	9.91%	9.91%	9.28%	8.59%	9.82%	12.91%	12.05%	16.86%	17.42%	11.33%	9.39%	14.08%
Operating Expenses	$62.19B	$62.42B	$48.53B	$36.60B	$33.94B	$21.57B	$15.00B	$11.42B	$8.836B	$5.319B	$3.193B	$3.187B	$1.095B	$449.0M	$292.0M	$203.0M
YoY Change	-0.36%	28.62%	32.58%	7.84%	57.35%	43.84%	31.29%	29.27%	66.12%	66.58%	0.19%	191.05%	143.88%	53.77%	43.84%	-13.98%
Operating Profit	$46.75B	$28.94B	$46.75B	$32.67B	$23.99B	$24.91B	$20.20B	$12.43B	$6.225B	$4.994B	$2.804B	$538.0M	$1.756B	$1.032B	$262.0M	-$55.00M
YoY Change	61.52%	-38.09%	43.1%	36.21%	-3.72%	23.31%	62.57%	99.63%	24.65%	78.1%	421.19%	-69.36%	70.16%	293.89%	-576.36%	-55.65%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Interest Expense	$446.0M	$195.0M	$321.0M	$543.0M	$20.00M	$9.000M	$6.000M	$10.00M	$23.00M	$23.00M	$56.00M	$51.00M	$42.00M	$22.00M	-$10.00M
YoY Change	128.72%	-39.25%	-40.88%	2615.0%	122.22%	50.0%	-40.0%	-56.52%	0.0%	-58.93%	9.8%	21.43%	90.91%	-320.0%
% of Operating Profit	0.95%	0.67%	0.69%	1.66%	0.08%	0.04%	0.03%	0.08%	0.37%	0.46%	2.0%	9.48%	2.39%	2.13%	-3.82%
Other Income/Expense, Net	$677.0M	-$125.0M	$531.0M	$509.0M	$826.0M	$448.0M	$391.0M	$91.00M	-$31.00M	-$84.00M	-$50.00M	-$44.00M	-$19.00M	-$2.000M	$2.000M	-$1.000M
YoY Change	-641.6%	-123.54%	4.32%	-38.38%	84.38%	14.58%	329.67%	-393.55%	-63.1%	68.0%	13.64%	131.58%	850.0%	-200.0%	-300.0%	-90.91%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Pretax Income	$47.43B	$28.82B	$47.28B	$33.18B	$24.81B	$25.36B	$20.59B	$12.52B	$6.194B	$4.910B	$2.754B	$494.0M	$1.695B	$1.008B	$254.0M	-$56.00M
YoY Change	64.57%	-39.05%	42.51%	33.73%	-2.16%	23.15%	64.52%	102.1%	26.15%	78.29%	457.49%	-70.86%	68.15%	296.85%	-553.57%	-58.52%
Income Tax	$8.330B	$5.619B	$7.914B	$4.034B	$6.327B	$3.249B	$4.660B	$2.301B	$2.506B	$1.970B	$1.254B	$441.0M	$695.0M	$402.0M	$25.00M	$0.00
% Of Pretax Income	17.56%	19.5%	16.74%	12.16%	25.5%	12.81%	22.63%	18.38%	40.46%	40.12%	45.53%	89.27%	41.0%	39.88%	9.84%
Net Earnings	$39.10B	$23.20B	$39.37B	$29.15B	$18.49B	$22.11B	$15.93B	$10.22B	$3.688B	$2.940B	$1.500B	$53.00M	$1.000B	$606.0M	$229.0M	-$56.00M
YoY Change	68.53%	-41.07%	35.08%	57.67%	-16.4%	38.77%	55.96%	177.03%	25.44%	96.0%	2730.19%	-94.7%	65.02%	164.63%	-508.93%	-59.42%
Net Earnings / Revenue	28.98%	19.9%	33.38%	33.9%	26.15%	39.6%	39.2%	36.97%	20.57%	23.58%	19.05%	1.04%	26.95%	30.7%	29.47%	-20.59%
Basic Earnings Per Share	$15.19	$8.63	$13.99	$10.22	$6.48	$7.65	$5.49	$3.56	$1.31	$1.12	$0.62	$0.02	$0.52	$0.34
Diluted Earnings Per Share	$14.87	$8.59	$13.77	$10.09	$6.43	$7.57	$5.39	$3.49	$1.29	$1.10	$0.60	$0.01	$0.46	$0.28	$107.1K	-$26.19K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Cash & Short-Term Investments	$65.40B	$40.74B	$48.00B	$61.95B	$54.86B	$41.11B	$41.71B	$29.45B	$18.43B	$11.20B	$11.45B	$9.626B	$3.908B	$1.785B
YoY Change	60.55%	-15.13%	-22.53%	12.94%	33.42%	-1.43%	41.64%	59.75%	64.6%	-2.18%	18.94%	146.32%	118.94%
Cash & Equivalents	$35.60B	$8.505B	$9.293B	$11.09B	$14.34B	$7.306B	$5.867B	$7.539B	$3.204B	$2.153B	$2.279B	$871.0M	$1.512B	$1.785B
Short-Term Investments	$23.54B	$26.06B	$31.40B	$44.38B	$35.78B	$31.10B	$33.63B	$20.55B	$13.53B	$6.884B	$8.126B	$7.242B	$2.396B	$0.00
Other Short-Term Assets	$3.793B	$5.345B	$4.629B	$2.381B	$1.852B	$1.779B	$1.020B	$959.0M	$659.0M	$513.0M	$512.0M	$471.0M	$149.0M	$88.00M
YoY Change	-29.04%	15.47%	94.41%	28.56%	4.1%	74.41%	6.36%	45.52%	28.46%	0.2%	8.7%	216.11%	69.32%
Inventory
Prepaid Expenses
Receivables	$16.17B	$13.47B	$14.04B	$11.34B	$9.518B	$7.587B	$5.832B	$3.993B	$2.559B	$1.678B	$1.109B	$719.0M	$547.0M	$373.0M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$451.0M	$0.00	$0.00
Total Short-Term Assets	$85.37B	$59.55B	$66.67B	$75.67B	$66.23B	$50.48B	$48.56B	$34.40B	$21.65B	$13.39B	$13.07B	$11.27B	$4.604B	$2.246B
YoY Change	43.35%	-10.68%	-11.9%	14.26%	31.19%	3.95%	41.17%	58.88%	61.7%	2.45%	16.0%	144.72%	104.99%
Property, Plant & Equipment	$109.9B	$92.19B	$69.96B	$54.98B	$44.78B	$24.68B	$13.72B	$8.591B	$5.687B	$3.967B	$2.882B	$2.391B	$1.475B	$574.0M
YoY Change	19.19%	31.77%	27.25%	22.77%	81.43%	79.89%	59.71%	51.06%	43.36%	37.65%	20.54%	62.1%	156.97%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$6.141B	$6.201B	$6.775B	$6.234B	$86.00M
YoY Change	-0.97%	-8.47%	8.68%	7148.84%
Other Assets	$6.794B	$6.583B	$2.751B	$2.758B	$2.673B	$2.576B	$2.135B	$1.312B	$796.0M	$699.0M	$221.0M	$57.00M	$90.00M	$74.00M
YoY Change	3.21%	139.29%	-0.25%	3.18%	3.77%	20.66%	62.73%	64.82%	13.88%	216.29%	287.72%	-36.67%	21.62%
Total Long-Term Assets	$144.3B	$126.2B	$99.32B	$83.65B	$67.15B	$46.85B	$35.96B	$30.56B	$27.76B	$26.58B	$4.825B	$3.836B	$1.727B	$744.0M
YoY Change	14.33%	27.04%	18.74%	24.56%	43.32%	30.29%	17.67%	10.11%	4.44%	450.8%	25.78%	122.12%	132.12%
Total Assets	$229.6B	$185.7B	$166.0B	$159.3B	$133.4B	$97.33B	$84.52B	$64.96B	$49.41B	$39.97B	$17.90B	$15.10B	$6.331B	$2.990B
YoY Change
Accounts Payable	$5.712B	$6.107B	$5.135B	$2.424B	$2.249B	$1.361B	$770.0M	$582.0M	$413.0M	$378.0M	$268.0M	$234.0M	$234.0M	$104.0M
YoY Change	-6.47%	18.93%	111.84%	7.78%	65.25%	76.75%	32.3%	40.92%	9.26%	41.04%	14.53%	0.0%	125.0%
Accrued Expenses	$17.09B	$13.67B	$8.925B	$6.668B	$9.136B	$2.734B	$1.461B	$1.209B	$665.0M	$486.0M	$555.0M	$423.0M	$296.0M
YoY Change	24.96%	53.21%	33.85%	-27.01%	234.16%	87.13%	20.84%	81.8%	36.83%	-12.43%	31.21%	42.91%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$201.0M	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change								-100.0%
Long-Term Debt Due	$90.00M	$129.0M	$75.00M	$54.00M	$55.00M	$0.00		$0.00	$7.000M	$114.0M	$239.0M	$365.0M	$279.0M	$106.0M
YoY Change	-30.23%	72.0%	38.89%	-1.82%				-100.0%	-93.86%	-52.3%	-34.52%	30.82%	163.21%
Total Short-Term Liabilities	$31.96B	$27.03B	$21.14B	$14.98B	$15.05B	$7.017B	$3.760B	$2.875B	$1.925B	$1.424B	$1.100B	$1.052B	$899.0M	$389.0M
YoY Change	18.26%	27.87%	41.08%	-0.48%	114.52%	86.62%	30.78%	49.35%	35.18%	29.45%	4.56%	17.02%	131.11%
Long-Term Debt	$18.99B	$10.48B	$506.0M	$469.0M	$418.0M	$0.00	$0.00	$0.00	$107.0M	$119.0M	$237.0M	$1.991B	$398.0M	$367.0M
YoY Change	81.14%	1971.34%	7.89%	12.2%				-100.0%	-10.08%	-49.79%	-88.1%	400.25%	8.45%
Other Long-Term Liabilities	$25.51B	$22.51B	$19.47B	$15.58B	$15.81B	$5.517B	$6.417B	$2.892B	$2.994B	$1.558B	$1.088B	$305.0M	$135.0M	$72.00M
YoY Change	13.34%	15.62%	24.98%	-1.49%	186.61%	-14.03%	121.89%	-3.41%	92.17%	43.2%	256.72%	125.93%	87.5%
Total Long-Term Liabilities	$44.50B	$32.99B	$19.97B	$16.05B	$16.23B	$5.517B	$6.417B	$2.892B	$3.101B	$1.677B	$1.325B	$2.296B	$533.0M	$439.0M
YoY Change	34.88%	65.16%	24.48%	-1.14%	194.18%	-14.03%	121.89%	-6.74%	84.91%	26.57%	-42.29%	330.77%	21.41%
Total Liabilities	$76.46B	$60.01B	$41.11B	$31.03B	$32.32B	$13.21B	$10.18B	$5.767B	$5.189B	$3.870B	$2.425B	$3.348B	$1.432B	$828.0M
YoY Change	27.4%	45.99%	32.5%	-4.01%	144.73%	29.77%	76.47%	11.14%	34.08%	59.59%	-27.57%	133.8%	72.95%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Basic Shares Outstanding	2.574B shares	2.687B shares	2.815B shares	2.851B shares	2.854B shares	2.890B shares	2.901B shares	2.863B shares	2.803B shares	2.614B shares	2.420B shares	2.006B shares	1.294B shares	1.107B shares
Diluted Shares Outstanding	2.629B shares	2.702B shares	2.859B shares	2.888B shares	2.876B shares	2.921B shares	2.956B shares	2.925B shares	2.853B shares	2.664B shares	2.517B shares	2.166B shares	1.508B shares	1.414B shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $1.4595 Trillion

About Meta Platforms Inc

Meta Platforms, Inc. engages in the development of social media applications. The company is headquartered in Menlo Park, California and currently employs 69,329 full-time employees. The company went IPO on 2012-05-18. The Company’s products enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality (VR) and mixed reality (MR) headsets, and wearables. The company operates through two segments: Family of Apps (FoA) and Reality Labs (RL). The FoA segment includes Facebook, Instagram, Messenger, Threads and WhatsApp. The RL includes augmented, mixed and virtual reality related consumer hardware, software, and content. Instagram is a place where people and creators can connect and express themselves through photos, video, and private messaging, and discover and shop from their favorite businesses. Threads is an application for text-based updates and public conversations. Its RL product offerings in VR include Meta Quest devices, and software and content available through the Meta Quest Store, which enable a range of social experiences.

Industry: Services-Computer Programming, Data Processing, Etc. Peers: Alphabet Inc. Bumble Inc Pinterest Inc Match Group Inc IAC Inc Snap Inc TWITTER, INC. Getty Images Holdings Inc Zoominfo Technologies Inc