Meta Platforms (META) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Meta Platforms

NasdaqGS•Communication Services•Internet Content & Information

$665.75-16.56(-0.02%)After hours

Market Cap

$1.74T

P/E

25.5x

P/S

7.6x

P/B

6.6x

Meta Platforms, Inc. engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality (VR) headsets, and AI glasses in the United States, Canada, Europe, Asia-Pacific, and internationally. It operates through two segments, Family of Apps (FoA) and Reality Labs (RL). The FoA segment offers Facebook, which enables people to build community through feed, reels, stories, groups, marketplace, and other; Instagram that brings people closer through Instagram feed, stories, reels, live, and messaging; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; Meta AI, an assistant that's available across apps, as a stand-alone app, on AI glasses, and on the web; Threads, an application for text-based updates and public conversations; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact. The RL segment provides virtual and augmented reality products, including consumer hardware, software, and content that help people feel connected, as well as Meta Quest devices that enable social experiences across gaming, fitness, entertainment, and more. The segment also includes wearables such as AI glasses like Ray Ban Meta and Oakley Meta glasses; and the Meta Ray Ban Display, which combines AI glasses with an integrated lens display and the Meta Neural Band, a wrist worn device using electromyography that lets people control their AI glasses through neuromuscular signals. Meta Platforms, Inc. has a collaboration with Microsoft Corporation, NVIDIA Corporation, Advanced Micro Devices, Inc., Broadcom Inc., and OpenAI, L.L.C. The company was formerly known as Facebook, Inc. and changed its name to Meta Platforms, Inc. in October 2021. The company was incorporated in 2004 and is headquartered in Menlo Park, California.

How this company scores

GoodMetricSide Score: 63/100

Strongest: Growth (18/25); weakest: Cash & Earnings Quality (12/25).

Profitability16/25

Growth18/25

Balance Sheet & Red Flags17/25

Cash & Earnings Quality12/25

Strengths

Growing revenueStrong marginsHigh ROELow leverage

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 25.5x5y range 12.7x – 32.1x

Currently near its 20-quarter median.

P/S · 7.6x5y range 2.7x – 10.4x

Currently near its 20-quarter median.

P/B · 6.6x5y range 2.5x – 9.6x

Currently near its 20-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Watch

Operating margins declined 12.9% — watch for continued compression, which may signal competitive or cost pressure.

Earnings Quality

Red Flag

FCF consistently trails net income (avg 1.0x) — earnings may be inflated by non-cash items or aggressive accounting.

Leverage Risk

Watch

Debt-to-equity has risen 116.7% recently — increasing financial risk even if the current ratio is manageable.

Price & Volume

Market Cap $1.74T

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $228.25B
Q. Revenue: $60.80B
TTM EBITDA: $118.96B
TTM Op. Income: $86.93B
Q. Op. Income: $18.77B
TTM Net Income: $68.10B
Q. Net Income: $15.85B
EPS: $6.23
Shares Out.: $2.54B

$228.25B in TTM revenue grew 27.7% YoY, reaching $60.80B last quarter. TTM EBITDA of $118.96B and TTM operating income of $86.93B show growth is flowing through to the bottom line. TTM net income of $68.10B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 81.4%
EBITDA Margin: 41.3%
Op. Margin: 30.9%
Net Margin: 26.1%

Op. margin of 30.9% is down 12.1% YoY — costs are rising relative to revenue. Net margin at 26.1% and gross margin of 81.4% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has fallen for 2 consecutive quarters — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 25.5x
P/S Ratio: 7.6x
P/B Ratio: 6.6x

At 25.5x P/E, the stock trades within typical market levels. P/S of 7.6x and P/B of 6.6x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 2% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $449.96B
Cash: $15.46B
Long-Term Debt: $83.66B
Book Value: $261.22B
D/E Ratio: 0.3
Debt/EBITDA: 3.3

With $449.96B in assets and $83.66B in long-term debt, D/E is 0.3and book value is $261.22B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 117% — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $31.86B
TTM Free Cash Flow: $40.98B
FCF Margin: 18.0%
FCF / Net Income: 0.6

TTM FCF of $40.98B on $31.86B in operating cash flow. The FCF / Net Income ratio of 0.6x means cash covers only part of net income — earnings quality needs attention. Over the past year, free cash flow is down 18% — a weakening trend.