Communication Services · Interactive Media & Services · US stock · price as of 16 Oct 2026
Key indicators
Price
$709.33
52-week range
$519.37 – $779.82
Market cap
$1.82T
P/E (trailing)
26.8×
EV / EBITDA
16.5×
Free-cash-flow yield
2.3%
Dividend yield
0.3%
Revenue (last 12 months)
$228.2B
Revenue growth (3y a year)
19.9%
Operating margin
38.1%
Return on invested capital
26.6%
Net debt / EBITDA
-0.1×
Fair value
Blended fair value$688.05 range $631 – $758
Versus priceFair−3% to fair value
Peer multiples
$555.77
Fundamentals-adjusted multiple
$719.52
10-year DCF (market-scaled)
$788.86
Earnings power value (floor, not blended)
$218.33
Model uncertainty
Medium
X-Ray Score
60/ 100 · High confidence · ahead of 78% of sector peers
Valuation40
Growth74
Profitability73
Financial health62
Dividends48
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
Meta Platforms owns Facebook, Instagram, WhatsApp and Messenger, which people use to share content and to message each other. It also develops virtual and augmented reality devices and software through its Reality Labs unit. The company earns the vast majority of its money by selling advertising placed across its apps, so results depend on user engagement and on advertiser budgets. It spends heavily on data centers, artificial intelligence and new hardware.
The company reported twelve-month revenue of $228.2 billion, which expanded at 19.9% a year across the last three years. It earned an operating margin of 38.1%, and it generated a return on invested capital of 27%. Net debt to EBITDA is -0.1 times, which means the company holds more cash than debt. The dividend yield is 0.3%.
StocksXray gives Meta Platforms, Inc. an X-Ray Score of 60 out of 100 (high confidence), ahead of 78% of the S&P 500 stocks in its sector. Its strongest lens is growth (74) and its weakest is valuation (40).
Our fair value blend is $688.05 (range $630.57 to $758.27). At $709.33 the stock trades 3% above that blend, so the label is "Fair" with medium model uncertainty. Fair value is a range, not a price target.
XStocksXray
Meta Platforms, Inc. (META)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2021
FY2022
FY2023
FY2024
FY2025
Now
Price
$333.16
$119.20
$350.60
$582.17
$658.40
$709.33
Market cap
$952.5B
$322.1B
$921.7B
$1.52T
$1.69T
$1.82T
P/E
24.2×
13.9×
23.6×
24.4×
28.0×
26.8×
EV / revenue
7.7×
2.5×
6.5×
9.0×
8.3×
7.9×
EV / EBITDA
16.5×
7.7×
15.1×
17.4×
16.4×
16.5×
Price / free cash flow
24.4×
16.7×
20.9×
28.1×
36.8×
44.4×
Free-cash-flow yield
4.1%
6.0%
4.8%
3.6%
2.7%
2.3%
Price / book
7.6×
2.6×
6.0×
8.3×
7.8×
7.0×
Dividend yield
–
–
–
0.34%
0.32%
0.30%
Fundamentals checklist ● 9 Good · ● 5 Average · ● 2 Bad · each check graded against the sector
Cash quality
Earnings backed by cash−13.8%Good
Free-cash-flow yield2.3%Bad
Risk models
Altman Z score4.9×Good
Piotroski F-Score5 of 9Bad
Growth
EPS growth (3y)39.8%Average
Free-cash-flow growth (3y)33.7%Average
Revenue growth (3y)19.9%Good
Growth consistency100%Good
Balance sheet
Current ratio2.2×Good
Net debt / EBITDA-0.1×Good
Interest coverno interest costGood
Valuation
Fair value vs price1.0×Average
EBIT / EV yield4.8%Average
Profitability
Return on invested capital26.6%Good
Operating margin38.1%Good
Gross profitability41.5%Average
XStocksXray
Meta Platforms, Inc. (META)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY21
FY22
FY23
FY24
FY25
LTM
Revenue
117,929
116,609
134,902
164,501
200,966
228,247
Gross profit
95,280
91,360
108,943
134,340
164,791
186,587
Operating income
46,753
28,944
46,751
69,380
83,276
86,927
Net income
39,370
23,200
39,098
62,360
60,458
68,098
Diluted EPS ($)
13.77
8.59
14.87
23.86
23.49
26.51
Free cash flow
38,993
19,289
44,068
54,072
46,109
40,976
Gross margin
80.8%
78.3%
80.8%
81.7%
82.0%
81.7%
Operating margin
39.6%
24.8%
34.7%
42.2%
41.4%
38.1%
Net margin
33.4%
19.9%
29.0%
37.9%
30.1%
29.8%
Balance sheet
FY21
FY22
FY23
FY24
FY25
LTM
Total assets
165,987
185,727
229,623
276,054
366,021
449,956
Cash
16,601
14,681
41,862
43,889
35,873
15,462
Total debt
0
9,923
18,385
28,826
58,744
83,664
Equity
124,879
125,713
153,168
182,637
217,243
261,221
Dividend per share ($)
–
–
–
2.00
2.10
2.10
Revenue and net income US$ billions: navy revenue, teal net income
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value blends three models and carries a typical error of about 40%, so treat it as a range. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.