Meta Platforms, Inc. (META US) · 14+ Years of Financial Ratios

Profitability	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Return on Common Equity (%)	- -	90.42	3.25	62.27	63.51	46.43	64.96	57.25	58.21	37.85	43.82	53.53	34.48	53.24
Return on Assets (%)	- -	21.46	0.49	9.09	10.16	8.25	17.87	21.32	24.32	16.02	19.92	24.21	13.19	18.83
Return on Capital (%)	- -	44.63	1.69	40.01	59.27	45.05	64.37	56.92	57.6	34.1	37.81	45.9	26.68	37.46
Return on Invested Capital (%)	- -	25.32	0.59	10.18	11.46	9.18	19.56	23.31	27.2	18.16	22.71	27.72	15.82	22.1
Gross Margin (%)	75.03	76.83	73.2	76.18	82.73	84.01	86.29	86.58	83.25	81.94	80.58	80.79	78.35	80.76
EBITDA Margin (%)	59.32	56.02	23.32	48.46	50.03	45.57	53.44	57.14	52.34	42.05	45.99	46.4	32.27	42.94
Operating Margin (%)	52.28	47.32	10.57	35.62	40.06	34.72	44.96	49.7	44.62	33.93	38.01	39.65	24.82	34.66
Incremental Operating Margin (%)	- -	41.68	-88.39	81.42	47.67	22.54	63.87	59.75	31.02	-6.24	56.88	44.06	1,349.17	97.34
Pretax Margin (%)	51.06	45.68	9.71	34.98	39.39	34.55	45.29	50.66	45.42	35.1	38.6	40.1	24.71	35.16
Profit Margin (%)	30.7	26.95	1.04	19.05	23.58	20.57	36.97	39.2	39.6	26.15	33.9	33.38	19.9	28.98
Net Income to Common Margin (%)	30.7	26.95	1.04	19.05	23.58	20.57	36.97	39.2	39.6	26.15	33.9	33.38	19.9	28.98
Effective Tax Rate (%)	39.88	41	89.27	45.53	40.12	40.46	18.38	22.63	12.81	25.5	12.16	16.74	19.5	17.56
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	90.42	3.25	62.27	63.51	46.43	64.96	57.25	58.21	37.85	43.82	53.53	34.48	53.24

Credit	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Total Debt	473	677	2,356	476	233	315	- -	340	500	10,324	10,654	13,873	26,591	37,234
ST Debt	106	279	365	239	114	208	- -	340	500	800	1,023	1,127	1,367	1,623
LT Debt	367	398	1,991	237	119	107	- -	- -	- -	9,524	9,631	12,746	25,224	35,611
Total Debt/EBITDA	0.4	0.33	1.98	0.12	0.04	0.04	- -	0.01	0.02	0.35	0.27	0.25	0.71	0.64
Net Debt/EBITDA	-1.31	-0.73	-0.74	-0.87	-0.69	-0.58	-0.6	-0.33	-0.33	-0.63	-0.44	-0.3	-0.13	-0.41
Total Debt/EBIT	0.46	0.39	4.38	0.17	0.05	0.05	- -	0.02	0.02	0.43	0.33	0.3	0.92	0.8
Net Debt/EBIT	-1.49	-0.86	-1.64	-1.19	-0.86	-0.76	-0.72	-0.38	-0.38	-0.78	-0.54	-0.36	-0.16	-0.5
EBITDA to Interest Expense	53.23	49.5	23.27	68.12	271.17	355.22	1,476.9	3,871.33	3,247.56	1,486.35	-1,162.74	2,379.13	203.41	129.89
EBITDA-CapEx/Interest Expense	39.91	35.07	-0.94	43.8	191.57	245.52	1,027.8	2,749.17	1,701.44	731.25	-716.76	1,566.52	33.51	68.75
EBIT to Interest Expense	46.91	41.81	10.55	50.07	217.13	270.65	1,242.7	3,367.17	2,768.11	1,199.3	-960.91	2,032.74	156.45	104.82
Interest Expense	22	42	51	56	23	23	10	6	9	20	-34	23	185	446
Common Equity/Total Assets	20.27	25.37	10.98	17.65	15.26	19.81	33.36	40.21	43.13	41.76	48.55	42.03	34.89	35.74
Long-Term Debt/Equity (%)	16.98	8.12	16.94	1.53	0.33	0.24	- -	- -	- -	9.42	7.51	10.21	20.06	23.25
Long-Term Debt/Capital (%)	21.66	13.73	49.59	6.52	1.88	1.06	- -	- -	- -	14.43	10.94	15.24	27.6	29.85
Long-Term Debt/Total Assets (%)	12.27	6.29	13.18	1.32	0.3	0.22	- -	- -	- -	7.14	6.05	7.68	13.58	15.51
Total Debt/Equity (%)	21.88	13.82	20.04	3.08	0.65	0.71	- -	0.46	0.59	10.22	8.3	11.11	21.15	24.31
Total Debt/Capital (%)	27.92	23.36	58.68	13.09	3.68	3.12	- -	0.99	1.18	15.64	12.11	16.59	29.1	31.21
Total Debt/Total Assets (%)	15.82	10.69	15.6	2.66	0.58	0.64	- -	0.4	0.51	7.74	6.69	8.36	14.32	16.22
Net Debt to Equity	-71	-30.86	-7.52	-21.48	-11.95	-10.64	-15.04	-10.41	-11.32	-18.61	-13.7	-13.29	-3.78	-15.33
Net Debt/Capital (%)	1,686.81	-109.09	-54.2	-1,065.06	-213.93	-90.59	-69.73	-29.48	-29.32	-40.06	-24.96	-24.77	-6.2	-30.32
EBITDA	1,171	2,079	1,187	3,815	6,237	8,170	14,769	23,228	29,228	29,727	39,533	54,720	37,630	57,929
EBITDA-CapEx	878	1,473	-48	2,453	4,406	5,647	10,278	16,495	15,313	14,625	24,370	36,030	6,199	30,663
Operating Income (Loss)	1,032	1,756	538	2,804	4,994	6,225	12,427	20,203	24,913	23,986	32,671	46,753	28,944	46,751

Liquidity	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Cash Ratio	4.59	4.35	9.15	10.41	7.86	9.58	10.24	11.09	5.86	3.64	4.14	2.27	1.51	2.05
Current Ratio	5.77	5.12	10.71	11.88	9.4	11.25	11.97	12.92	7.19	4.4	5.05	3.15	2.2	2.67
Quick Ratio	5.55	4.96	10.26	11.42	9.04	10.91	11.63	12.64	6.94	4.28	4.89	2.94	2.01	2.55
CFO/Avg Current Liab	- -	2.41	1.65	3.92	5.81	6.16	6.71	7.3	5.43	3.29	2.58	3.19	2.1	2.41
Common Equity/Total Assets	20.27	25.37	10.98	17.65	15.26	19.81	33.36	40.21	43.13	41.76	48.55	42.03	34.89	35.74
Long-Term Debt/Equity (%)	16.98	8.12	16.94	1.53	0.33	0.24	- -	- -	- -	9.42	7.51	10.21	20.06	23.25
Long-Term Debt/Capital (%)	21.66	13.73	49.59	6.52	1.88	1.06	- -	- -	- -	14.43	10.94	15.24	27.6	29.85
Long-Term Debt/Total Assets (%)	12.27	6.29	13.18	1.32	0.3	0.22	- -	- -	- -	7.14	6.05	7.68	13.58	15.51
Total Debt/Equity (%)	21.88	13.82	20.04	3.08	0.65	0.71	- -	0.46	0.59	10.22	8.3	11.11	21.15	24.31
Total Debt/Capital (%)	27.92	23.36	58.68	13.09	3.68	3.12	- -	0.99	1.18	15.64	12.11	16.59	29.1	31.21
Total Debt/Total Assets (%)	15.82	10.69	15.6	2.66	0.58	0.64	- -	0.4	0.51	7.74	6.69	8.36	14.32	16.22
CFO/Total Liabilities	84.3	108.17	48.15	174.1	189.3	198.88	279.31	237.95	221.66	112.35	124.89	140.32	84.11	93.01
CFO/CapEx	2.38	2.56	1.31	3.1	4	4.09	3.59	3.6	2.1	2.4	2.56	3.09	1.61	2.61
Altman's Z-Score	2.92	2.63	12.7	36.29	37.13	37.43	38.17	33.74	20.64	13.34	17.67	16.63	5.17	9.46

Working Capital	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Accounts Receivable Turnover	- -	8.07	8.04	8.61	8.95	8.46	8.44	8.28	8.32	8.27	8.24	9.3	8.48	9.1
Days Sales Outstanding	- -	45.24	45.4	42.38	40.8	43.13	43.26	44.11	43.86	44.16	44.27	39.27	43.05	40.09
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	18.7	21.31	24.67	16.37	15.41	15.22	15.99	15.59	11.7	12.39	8.37	5.57	5.28
Accounts Payable Turnover Days	- -	19.52	17.13	14.79	22.29	23.68	23.99	22.82	23.41	31.2	29.45	43.62	65.58	69.17
Cash Conversion Cycle	- -	25.72	28.27	27.58	18.51	19.45	19.28	21.29	20.45	12.96	14.82	-4.36	-22.53	-29.08
Inventory to Cash Days	- -	45.24	45.4	42.38	40.8	43.13	43.26	44.11	43.86	44.16	44.27	39.27	43.05	40.09
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Market Capitalization	- -	- -	62,123	137,716	220,962	300,404	337,207	517,268	383,720	581,808	774,928	940,218	308,870	919,373
- Cash & Cash Equivalents	1,785	1,512	2,384	3,323	4,315	4,907	8,903	8,079	10,019	19,079	17,576	16,601	14,681	41,862
+ Preferred Equity and Hybrid Capital	615	615	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	473	677	2,356	476	233	315	- -	340	500	10,324	10,654	13,873	26,591	37,234
Enterprise Value	-697	-2,616	54,853	126,743	209,996	282,285	307,758	475,897	343,106	537,277	723,628	906,093	294,723	891,204
Total Capital	1,694	2,898	4,015	3,635	6,332	10,102	21,670	34,330	42,481	66,016	87,999	83,634	91,390	119,304
Total Debt/Capital (%)	27.92	23.36	58.68	13.09	3.68	3.12	- -	0.99	1.18	15.64	12.11	16.59	29.1	31.21
Total Debt / EV	-0.68	-0.26	0.04	- -	- -	- -	- -	- -	- -	0.02	0.01	0.02	0.09	0.04
EV/Sales	- -	- -	10.78	16.1	16.85	15.75	11.14	11.71	6.14	7.6	8.42	7.68	2.53	6.61
EV/EBITDA	- -	- -	46.21	33.22	33.67	34.55	20.84	20.49	11.74	18.07	18.3	16.56	7.83	15.38
EV/EBIT	- -	- -	101.96	45.2	42.05	45.35	24.77	23.56	13.77	22.4	22.15	19.38	10.18	19.06
EV/Cash Flow to Firm	- -	- -	33.91	29.8	28.61	27.32	19.1	19.65	11.72	14.79	18.69	15.7	5.82	12.47
EV/Free Cash Flow to Firm	- -	- -	19.23	22.57	22.9	21.96	14.93	15.37	7.94	10.45	13.43	11.86	3.59	9.03
Diluted Market Cap	- -	- -	56,728	136,094	211,895	302,418	341,055	526,168	392,728	586,704	785,536	980,694	319,268	943,785
Diluted Enterprise Value	-697	-220	56,700	133,247	207,813	297,826	332,152	518,429	383,209	577,949	778,614	977,966	331,178	939,157
EV per Share	- -	- -	23.13	49.76	75.59	99.61	106.42	163.76	120.22	188.39	253.99	330.57	112.75	347.99
TTM Sales	1,974	3,711	5,089	7,872	12,466	17,928	27,638	40,653	55,838	70,697	85,965	117,929	116,609	134,902
TTM EBITDA	1,171	2,079	1,187	3,815	6,237	8,170	14,769	23,228	29,228	29,727	39,533	54,720	37,630	57,929
TTM Operating Income	1,032	1,756	538	2,804	4,994	6,225	12,427	20,203	24,913	23,986	32,671	46,753	28,944	46,751
TTM Cash Flow to Firm	711	1,574	1,617	4,253	7,340	10,334	16,116	24,221	29,282	36,329	38,717	57,702	50,624	71,481
TTM Free Cash Flow to Firm	1,004	2,180	2,852	5,615	9,171	12,857	20,607	30,954	43,197	51,431	53,880	76,392	82,055	98,747

Multiples	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Price/Earnings	- -	- -	991.27	87.23	70.72	80.56	32.67	32.41	17.57	31.5	26.61	24.53	13.69	23.63
Price/Earnings Average	- -	- -	938.67	57.22	61.14	67.46	32.81	28.47	22.41	28.03	22.92	22.96	20.88	17.17
Price/Earnings High	- -	- -	1,438.26	92.56	71.8	82.08	37.05	33.15	28	31.9	28.67	27.09	39.05	23.56
Price/Earnings Low	- -	- -	671.06	36.95	47.59	56.28	26.39	21.28	16.21	20.34	14.28	17.56	10.3	8.21
Price/Book Value	- -	- -	37.45	43.59	36.23	30.69	15.56	15.22	9.14	10.45	10.02	13.48	4.77	11.2
Price/Book Value Average	- -	- -	35.46	28.6	31.32	25.7	15.63	13.37	11.66	9.3	8.63	12.62	7.27	8.14
Price/Book Value High	- -	- -	54.33	46.26	36.78	31.27	17.65	15.57	14.57	10.58	10.79	14.88	13.6	11.17
Price/Book Value Low	- -	- -	25.35	18.46	24.38	21.44	12.57	9.99	8.43	6.75	5.38	9.65	3.59	3.89
Price/Tangible Book Value	- -	- -	5.99	10.02	15.58	13.09	8.75	9.54	5.95	7.14	7.13	8.95	2.96	6.98
Price/Tangible Book Value Average	- -	- -	5.67	6.57	13.47	10.96	8.79	8.38	7.58	6.36	6.15	8.38	4.51	5.07
Price/Tangible Book Value High	- -	- -	8.69	10.63	15.81	13.34	9.92	9.76	9.48	7.23	7.69	9.88	8.43	6.96
Price/Tangible Book Value Low	- -	- -	4.06	4.24	10.48	9.15	7.07	6.26	5.49	4.61	3.83	6.41	2.22	2.43
Price/Sales	- -	- -	10.32	16.62	16.68	16.57	12.08	12.7	6.96	8.24	9.02	8.19	2.72	6.85
Price/Sales Average	- -	- -	9.78	10.9	14.42	13.88	12.13	11.16	8.87	7.33	7.77	7.66	4.15	4.98
Price/Sales High	- -	- -	14.98	17.64	16.93	16.89	13.7	12.99	11.09	8.34	9.72	9.04	7.77	6.83
Price/Sales Low	- -	- -	6.99	7.04	11.22	11.58	9.75	8.34	6.42	5.32	4.84	5.86	2.05	2.38
Price/Cash Flow	- -	- -	32.59	30.99	28.38	28.79	20.72	21.32	13.27	16.03	20.01	16.74	6.29	12.99
Price/Cash Flow Average	- -	- -	30.86	20.33	24.54	24.11	20.81	18.73	16.93	14.27	17.24	15.67	9.59	9.44
Price/Cash Flow High	- -	- -	47.29	32.88	28.81	29.33	23.5	21.81	21.15	16.24	21.56	18.49	17.95	12.95
Price/Cash Flow Low	- -	- -	22.06	13.13	19.1	20.11	16.74	14	12.25	10.35	10.74	11.99	4.73	4.52
Price/Free Cash Flow	- -	- -	19.93	24.37	23.14	23.55	16.56	17	9.09	11.41	14.57	12.84	3.9	9.59
Price/Free Cash Flow Average	- -	- -	18.87	15.99	20	19.72	16.63	14.93	11.6	10.16	12.55	12.02	5.95	6.97
Price/Free Cash Flow High	- -	- -	28.91	25.86	23.49	23.99	18.77	17.39	14.49	11.56	15.7	14.18	11.12	9.56
Price/Free Cash Flow Low	- -	- -	13.49	10.32	15.57	16.45	13.37	11.16	8.39	7.37	7.82	9.2	2.93	3.33
EV/Sales	- -	- -	10.78	16.1	16.85	15.75	11.14	11.71	6.14	7.6	8.42	7.68	2.53	6.61
EV/Sales Average	- -	- -	11.55	11.11	15	13.77	11.93	10.99	8.59	7.2	7.69	7.44	4.14	4.92
EV/Sales High	- -	- -	17.71	18.2	17.67	16.82	13.51	12.83	10.78	8.21	9.63	8.78	7.66	6.76
EV/Sales Low	- -	- -	8.26	7.05	11.6	11.45	9.53	8.16	6.17	5.19	4.76	5.69	2.1	2.33
EV/EBITDA	- -	- -	46.21	33.22	33.67	34.55	20.84	20.49	11.74	18.07	18.3	16.56	7.83	15.38
EV/EBITDA Average	-0.6	-0.11	49.54	22.93	29.97	30.22	22.32	19.23	16.42	17.12	16.71	16.03	12.84	11.45
EV/EBITDA High	-0.6	-0.11	75.91	37.56	35.31	36.9	25.29	22.45	20.6	19.53	20.94	18.93	23.74	15.74
EV/EBITDA Low	-0.6	-0.11	35.41	14.54	23.19	25.12	17.84	14.29	11.79	12.34	10.35	12.25	6.49	5.43
EV/EBIT	- -	- -	101.96	45.2	42.05	45.35	24.77	23.56	13.77	22.4	22.15	19.38	10.18	19.06
EV/EBIT Average	-0.68	-0.13	109.29	31.2	37.43	39.67	26.53	22.11	19.26	21.22	20.22	18.77	16.69	14.19
EV/EBIT High	-0.68	-0.13	167.49	51.1	44.1	48.43	30.05	25.81	24.16	24.2	25.34	22.15	30.86	19.5
EV/EBIT Low	-0.68	-0.13	78.12	19.79	28.96	32.97	21.2	16.43	13.83	15.3	12.52	14.34	8.44	6.73
Last Price	- -	- -	26.19	54.07	79.54	106	116.6	178	134.45	204	272	343.02	118.16	358.99
High Price	- -	- -	38	57.37	80.75	108	132.22	182.09	214.27	206.59	293.05	378.81	337.19	357.81
Low Price	- -	- -	17.73	22.9	53.53	74.05	94.16	116.86	124.06	131.74	146.01	245.64	88.91	124.74
Enterprise Value	-697	-2,616	54,853	126,743	209,996	282,285	307,758	475,897	343,106	537,277	723,628	906,093	294,723	891,204
Enterprise Value Average	-697	-220	58,799	87,494	186,942	246,938	329,695	446,618	479,812	509,073	660,738	877,420	483,055	663,479
Enterprise Value High	-697	-220	90,108	143,274	220,242	301,480	373,477	521,415	602,008	580,440	827,977	1,035,590	893,325	911,723
Enterprise Value Low	-697	-220	42,028	55,479	144,624	205,266	263,408	331,856	344,548	366,967	409,060	670,571	244,321	314,831

Per Share Data Items	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Shares Outstanding	2,517	2,138	2,372	2,547	2,778	2,834	2,892	2,906	2,854	2,852	2,849	2,741	2,614	2,561
Diluted Weighted Avg Shares	2,517	2,517	2,166	2,517	2,664	2,853	2,925	2,956	2,921	2,876	2,888	2,859	2,702	2,629
Basic Weighted Avg Shares	2,420	2,420	2,006	2,420	2,614	2,803	2,863	2,901	2,890	2,854	2,851	2,815	2,687	2,574
Revenue per Share	0.82	1.53	2.54	3.25	4.77	6.4	9.65	14.01	19.32	24.77	30.15	41.89	43.4	52.41
EBITDA per Share	0.48	0.86	0.59	1.58	2.39	2.91	5.16	8.01	10.11	10.42	13.87	19.44	14	22.51
Operating Income per Share	0.43	0.73	0.27	1.16	1.91	2.22	4.34	6.96	8.62	8.4	11.46	16.61	10.77	18.16
Basic EPS, GAAP	0.25	0.41	0.03	0.62	1.12	1.32	3.57	5.49	7.65	6.48	10.22	13.99	8.63	15.19
Basic EPS from Cont Ops	0.25	0.41	0.03	0.62	1.12	1.32	3.57	5.49	7.65	6.48	10.22	13.99	8.63	15.19
Diluted EPS, GAAP	0.24	0.4	0.02	0.6	1.1	1.29	3.49	5.39	7.57	6.43	10.09	13.77	8.59	14.87
Diluted EPS from Cont Ops	0.24	0.4	0.02	0.6	1.1	1.29	3.49	5.39	7.57	6.43	10.09	13.77	8.59	14.87
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	0.29	0.64	0.8	1.74	2.8	3.68	5.63	8.35	10.13	12.72	13.59	20.49	18.78	27.63
Free Cash Flow per Basic Share	0.17	0.39	0.19	1.18	2.1	2.78	4.06	6.03	5.31	7.43	8.27	13.85	7.09	17.03
Cash & Equivalents per Share	0.71	1.83	4.06	4.5	4.03	6.5	10.18	14.35	14.41	19.23	21.75	17.51	15.58	25.54
Book Value per Share	0.24	0.75	0.7	1.24	2.2	3.45	7.49	11.7	14.71	19.53	27.15	25.45	24.79	32.05
Tangible Book Value per Share	0.58	1.93	4.37	5.4	5.11	8.1	13.33	18.67	22.61	28.56	38.12	38.32	39.98	51.44

Meta Platforms, Inc.

META US

498.91

498.91