META Meta Platforms, Inc. - Class A Common Stock

NASDAQ · Media · View on SEC EDGAR ↗
$601.32
Price · May 20, 2026
Fundamentals as of Apr 30, 2026
52W Range
$520–$796
29% of range
Analyst Rating
BUY
73 analysts
Price Target
$827
+37% upside
P/E (TTM)
28.1
ROE
29.3%
Net Profit Margin
30.1%

META Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$601.32
Market Cap
$1.67T
P/E (TTM)
28.1
EPS (TTM)
$23.49
Revenue (TTM)
$200.97B
Div Yield
0.32%
ROE
29.3%
Debt/Equity
0.3
52W Range
$520 – $796

META Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $200.97B
10-point trend, +627.1%
2016-12-31 → 2025-12-31
EPS $23.49
10-point trend, +573.1%
2016-12-31 → 2025-12-31
Free Cash Flow $46.11B
10-point trend, +296.9%
2016-12-31 → 2025-12-31
Margins 30.1%

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
META
Peer Median
P/E (TTM)
5-point trend, +15.0%
28.1
22.8
P/S (TTM)
5-point trend, +6.3%
8.3
2.7
P/B
5-point trend, +4.1%
7.7
4.8
EV / EBITDA
5-point trend, -21.3%
16.2
—
Price / FCF
5-point trend, +53.7%
36.2
—

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
META
Peer Median
Operating Margin
5-point trend, +4.5%
41.4%
—
Net Profit Margin
5-point trend, -9.9%
30.1%
7.1%
ROA
5-point trend, -22.2%
18.8%
2.2%
ROE
5-point trend, -3.8%
29.3%
8.7%
ROIC
5-point trend, -31.9%
21.2%
—

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
META
Peer Median
Debt / Equity
5-point trend, +0.27
0.3
22.4
Current Ratio
5-point trend, -17.6%
2.6
2.6
Quick Ratio
5-point trend, +67.1%
2.4
—

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
META
Peer Median
Revenue YoY
5-point trend, +70.4%
22.2%
—
Revenue CAGR 3Y
5-point trend, +70.4%
19.9%
—
Revenue CAGR 5Y
5-point trend, +70.4%
18.5%
—
EPS YoY
5-point trend, +70.6%
-1.6%
—
Net Income YoY
5-point trend, +53.6%
-3.0%
—

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
META
Peer Median
EPS (Diluted)
5-point trend, +70.6%
$23.49
—

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
META
Peer Median
Payout Ratio
2-point trend, +8.4%
8.8%
—

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
0.32%
Payout Ratio
8.8%
5Y Div CAGR
—
Ex-dateAmount
March 16, 2026$0.5250
Dec. 15, 2025$0.5250
Sept. 22, 2025$0.5250
June 16, 2025$0.5250
March 14, 2025$0.5250
Dec. 16, 2024$0.5000
Sept. 16, 2024$0.5000
June 14, 2024$0.5000
Feb. 21, 2024$0.5000

META Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 73 analysts
  • Strong Buy 24 32.9%
  • Buy 40 54.8%
  • Hold 9 12.3%
  • Sell 0 0.0%
  • Strong Sell 0 0.0%

12-Month Price Target

58 analysts · 2026-05-20
Median target $825.00 +37.2%
Mean target $826.69 +37.5%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
0.69%
Period EPS Actual EPS Est Surprise
March 31, 2026 $7.31 $6.92 0.39%
Dec. 31, 2025 $8.88 $8.40 0.48%
Sept. 30, 2025 $7.25 $6.82 0.43%
June 30, 2025 $7.14 $6.04 1.1%
March 31, 2025 $6.43 $5.39 1.0%

Peer Comparison Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
META $1.67T 28.1 22.2% 30.1% 29.3% —
GOOGL $3.78T 29.0 15.1% 32.8% 34.0% —
RDDT — 87.7 69.4% 24.1% 19.9% —
PINS — 42.4 15.8% 9.9% 8.7% —
SNAP $14.17B -29.9 10.6% -7.8% -19.5% —
MTCH $7.51B 13.6 0.22% 17.6% -386.8% —
RUM — — — — — —
IAC — -30.1 -8.7% — — —
CARG — 24.7 13.7% 17.2% 38.5% 92.8%
GRND $2.51B 31.5 27.6% 21.5% 80.7% —
DJT — -4.7 — — — —

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 17
Annual Income Statement data for META
Metric Trend 202520242023202220212020201920182017201620152014
Revenue 12-point trend, +1512.1% $200.97B $164.50B $134.90B $116.61B $117.93B $85.97B $70.70B $55.84B $40.65B $27.64B $17.93B $12.47B
Cost of Revenue 12-point trend, +1580.2% $36.17B $30.16B $25.96B $25.25B $22.65B $16.69B $12.77B $9.36B $5.45B $3.79B $2.87B $2.15B
R&D Expense 12-point trend, +2052.0% $57.37B $43.87B $38.48B $35.34B $24.66B $18.45B $13.60B $10.27B $7.75B $5.92B $4.82B $2.67B
SG&A Expense 12-point trend, +1148.9% $12.15B $9.74B $11.41B $11.82B $9.83B $6.56B $10.46B $3.45B $2.52B $1.73B $1.29B $973M
Operating Expenses 12-point trend, +1475.1% $117.69B $95.12B $88.15B $87.67B $71.18B $53.29B $46.71B $30.93B $20.45B $15.21B $11.70B $7.47B
Operating Income 12-point trend, +1567.5% $83.28B $69.38B $46.75B $28.94B $46.75B $32.67B $23.99B $24.91B $20.20B $12.43B $6.22B $4.99B
Interest Expense 9-point trend, +1839.1% · · $446M $185M $23M · $20M $9M $6M $10M $23M $23M
Interest Income 11-point trend, +7763.0% $2.12B $2.52B $1.64B $461M $484M · $924M $661M $398M $176M $52M $27M
Other Non-op 12-point trend, +134700.0% $1.35B $171M $-150M $-320M $210M $-34M $27M $9M $5M $1M $6M $-1M
Pretax Income 12-point trend, +1650.1% $85.93B $70.66B $47.43B $28.82B $47.28B $33.18B $24.81B $25.36B $20.59B $12.52B $6.19B $4.91B
Income Tax 12-point trend, +1193.1% $25.47B $8.30B $8.33B $5.62B $7.91B $4.03B $6.33B $3.25B $4.66B $2.30B $2.51B $1.97B
Net Income 12-point trend, +1956.4% $60.46B $62.36B $39.10B $23.20B $39.37B $29.15B $18.48B $22.11B $15.93B $10.22B $3.69B $2.94B
EPS (Basic) 12-point trend, +2041.1% $23.98 $24.61 $15.19 $8.63 $13.99 $10.22 $6.48 $7.65 $5.49 $3.56 $1.31 $1.12
EPS (Diluted) 12-point trend, +2035.5% $23.49 $23.86 $14.87 $8.59 $13.77 $10.09 $6.43 $7.57 $5.39 $3.49 $1.29 $1.10
Shares (Basic) 12-point trend, -3.6% 2,521,000,000 2,534,000,000 2,574,000,000 2,687,000,000 2,815,000,000 2,851,000,000 2,854,000,000 2,890,000,000 2,901,000,000 2,863,000,000 2,803,000,000 2,614,000,000
Shares (Diluted) 12-point trend, -3.4% 2,574,000,000 2,614,000,000 2,629,000,000 2,702,000,000 2,859,000,000 2,888,000,000 2,876,000,000 2,921,000,000 2,956,000,000 2,925,000,000 2,853,000,000 2,664,000,000
EBITDA 10-point trend, +589.9% $101.89B $84.88B $57.93B $37.63B $54.72B $39.53B $29.73B $29.23B $23.23B $14.77B · ·
Balance Sheet 29
Annual Balance Sheet data for META
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents 12-point trend, +731.4% $35.87B $43.89B $41.86B $14.68B $16.60B $17.58B $19.08B $10.02B $8.08B $8.90B $4.91B $4.32B
Short-term Investments 9-point trend, +564.1% $45.72B $33.93B $23.54B $26.06B $31.40B · · · $33.63B $20.55B $13.53B $6.88B
Receivables 12-point trend, +1078.1% $19.77B $16.99B $16.17B $13.47B $14.04B $11.34B $9.52B $7.59B $5.83B $3.99B $2.56B $1.68B
Prepaid Expense 12-point trend, +1334.9% $7.36B $5.24B $3.79B $5.34B $4.63B $2.38B $1.85B $1.78B $1.02B $959M $659M $513M
Current Assets 12-point trend, +712.0% $108.72B $100.05B $85.36B $59.55B $66.67B $75.67B $66.22B $50.48B $48.56B $34.40B $21.65B $13.39B
PP&E (Net) 6-point trend, +790.4% · · · · · · $35.32B $24.68B $13.72B $8.59B $5.69B $3.97B
PP&E (Gross) 6-point trend, +695.1% · · · · · · $45.99B $31.57B $18.34B $11.80B $7.82B $5.78B
Accum. Depreciation 6-point trend, +486.8% · · · · · · $10.66B $6.89B $4.62B $3.21B $2.13B $1.82B
Goodwill 12-point trend, +36.4% $24.53B $20.65B $20.65B $20.31B $19.20B $19.05B $18.71B $18.30B $18.22B $18.12B $18.03B $17.98B
Intangibles 12-point trend, -6.0% $3.69B $915M $788M $897M $634M $623M $894M $1.29B $1.88B $2.54B $3.25B $3.93B
Other Non-current Assets 12-point trend, +1107.0% $8.44B $13.02B $7.58B $6.58B $2.75B $2.76B $2.67B $2.58B $2.13B $1.31B $796M $699M
Total Assets 12-point trend, +815.8% $366.02B $276.05B $229.62B $185.73B $165.99B $159.32B $133.38B $97.33B $84.52B $64.96B $49.41B $39.97B
Accounts Payable 7-point trend, +656.2% · · · · · $1.33B $1.36B $820M $380M $302M $196M $176M
Accrued Liabilities 12-point trend, +3448.4% $30.73B $23.97B $25.49B $19.55B $14.87B $11.15B $11.73B $5.51B $2.89B $2.20B $1.45B $866M
Short-term Debt 3-point trend, +0.00 · · · · · · · · · $0 $201M $0
Current Liabilities 12-point trend, +2837.9% $41.84B $33.60B $31.96B $27.03B $21.14B $14.98B $15.05B $7.02B $3.76B $2.88B $1.93B $1.42B
Capital Leases 11-point trend, +19177.3% $22.94B $18.29B $17.23B $15.30B $12.75B $9.63B $9.52B $0 · $0 $107M $119M
Deferred Tax 5-point trend, +35.1% · · · · · · $1.04B $673M $50M · $163M $769M
Other Non-current Liabilities 12-point trend, +82.8% $4.25B $2.72B $1.37B $7.76B $7.23B $6.41B $7.75B $6.19B $6.42B $2.89B $3.16B $2.33B
Total Liabilities 12-point trend, +3744.4% $148.78B $93.42B $76.45B $60.01B $41.11B $31.03B $32.32B $13.21B $10.18B $5.77B $5.19B $3.87B
Long-term Debt 4-point trend, +492.0% $58.74B $28.83B $18.39B $9.92B · · · · · · · ·
Total Debt 5-point trend, +58744000000.00 $58.74B $28.83B $18.39B $9.92B · · · · · $0 · ·
Common Stock Flat — no change across 12 periods $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Paid-in Capital 12-point trend, +216.9% $95.79B $83.23B $73.25B $64.44B $55.81B $50.02B $45.85B $42.91B $40.58B $38.23B $34.89B $30.23B
Retained Earnings 12-point trend, +1886.9% $121.18B $102.51B $82.07B $64.80B $69.76B $77.34B $55.69B $41.98B $33.99B $21.67B $9.79B $6.10B
AOCI 12-point trend, +218.9% $271M $-3.10B $-2.15B $-3.53B $-693M $927M $-489M $-760M $-227M $-703M $-455M $-228M
Stockholders' Equity 12-point trend, +501.8% $217.24B $182.64B $153.17B $125.71B $124.88B $128.29B $101.05B $84.13B $74.35B $59.19B $44.22B $36.10B
Liabilities + Equity 12-point trend, +815.8% $366.02B $276.05B $229.62B $185.73B $165.99B $159.32B $133.38B $97.33B $84.52B $64.96B $49.41B $39.97B
Shares Outstanding 12-point trend, -9.5% 2,530,000,000 2,534,000,000 2,561,000,000 2,614,000,000 2,741,000,000 2,849,000,000 2,852,000,000 2,854,000,000 2,906,000,000 2,892,000,000 2,845,000,000 2,797,000,000
Cash Flow 19
Annual Cash Flow data for META
Metric Trend 202520242023202220212020201920182017201620152014
D&A 12-point trend, +1397.7% $18.62B $15.50B $11.18B $8.69B $7.97B $6.86B $5.74B $4.32B $3.02B $2.34B $1.95B $1.24B
Stock-based Comp 12-point trend, +1043.7% $20.43B $16.69B $14.03B $11.99B $9.16B $6.54B $4.84B $4.15B $3.72B $3.22B $2.96B $1.79B
Deferred Tax 12-point trend, +9031.0% $18.75B $-4.74B $131M $-3.28B $609M $-1.19B $-37M $286M $-377M $-457M $-795M $-210M
Amort. of Intangibles 12-point trend, +92.8% $615M $211M $161M $185M $407M $473M $562M $640M $692M $751M $730M $319M
Other Non-cash 10-point trend, -411.7% $-2.46B $1.52B $6.68B $9.88B $573M $-2.60B $7.29B $-1.59B $1.91B $788M · ·
Operating Cash Flow 12-point trend, +1480.7% $115.80B $91.33B $71.11B $50.48B $57.68B $38.75B $36.31B $29.27B $24.22B $16.11B $10.32B $7.33B
CapEx 12-point trend, +3706.2% $69.69B $37.26B $27.05B $31.19B $18.69B $15.16B $15.10B $13.91B $6.73B $4.49B $2.52B $1.83B
Investing Cash Flow 12-point trend, -1625.1% $-102.00B $-47.15B $-24.50B $-28.97B $-7.57B $-30.06B $-19.86B $-11.60B $-20.12B $-11.79B $-9.43B $-5.91B
Debt Issued 6-point trend, +29906000000.00 $29.91B $10.43B $8.46B $9.92B $0 $0 · · · · · ·
Net Debt Issued 4-point trend, +201.4% $29.91B $10.43B $8.46B $9.92B · · · · · · · ·
Stock Issued Flat — no change across 2 periods · · · · · · · · · · $0 $0
Stock Repurchased 11-point trend, +26248000000.00 $26.25B $30.12B $19.77B $27.96B $44.54B $6.27B $4.20B $12.88B $1.98B $0 $0 ·
Net Stock Activity 9-point trend, -1228.3% $-26.25B $-30.12B $-19.77B $-27.96B $-44.54B $-6.27B $-4.20B $-12.88B $-1.98B · · ·
Dividends Paid 4-point trend, +5324000000.00 $5.32B $5.07B $0 $0 · · · · · · · ·
Financing Cash Flow 12-point trend, -6735.6% $-20.37B $-40.78B $-19.50B $-22.14B $-50.73B $-10.29B $-7.30B $-15.57B $-5.24B $-310M $-139M $-298M
Net Change in Cash 12-point trend, -738.9% $-6.34B $2.61B $27.23B $-1.27B $-1.09B $-1.32B $9.15B $1.92B $-905M $3.94B $592M $992M
Taxes Paid 12-point trend, +4157.3% $7.58B $10.55B $6.61B $6.41B $8.53B $4.23B $5.18B $3.76B $2.12B $1.21B $270M $178M
Free Cash Flow 10-point trend, +296.9% $46.11B $54.07B $43.85B $19.04B $39.12B $23.63B $21.21B $15.36B $17.48B $11.62B · ·
Levered FCF 5-point trend, +274.5% · · $43.48B · · · $21.20B $15.35B $17.48B $11.61B · ·
Profitability 7
Annual Profitability data for META
Metric Trend 202520242023202220212020201920182017201620152014
Operating Margin 10-point trend, -7.8% 41.4% 42.2% 34.7% 24.8% 39.6% 38.0% 33.9% 44.6% 49.7% 45.0% · ·
Net Margin 10-point trend, -18.6% 30.1% 37.9% 29.0% 19.9% 33.4% 33.9% 26.2% 39.6% 39.2% 37.0% · ·
Pretax Margin 10-point trend, -5.6% 42.8% 43.0% 35.2% 24.7% 40.1% 38.6% 35.1% 45.4% 50.7% 45.3% · ·
EBITDA Margin 10-point trend, -5.1% 50.7% 51.6% 42.9% 32.3% 46.4% 46.0% 42.0% 52.3% 57.1% 53.4% · ·
ROA 10-point trend, +15.2% 18.8% 24.7% 18.8% 13.2% 24.2% 19.9% 16.0% 24.3% 21.3% 16.4% · ·
ROE 10-point trend, +48.4% 29.3% 35.9% 26.4% 18.6% 30.5% 23.7% 18.9% 26.9% 21.9% 19.8% · ·
ROIC 10-point trend, +23.9% 21.2% 28.9% 22.5% 17.2% 31.2% 22.4% 17.7% 25.8% 21.0% 17.1% · ·
Liquidity & Solvency 5
Annual Liquidity & Solvency data for META
Metric Trend 202520242023202220212020201920182017201620152014
Current Ratio 10-point trend, -78.3% 2.6 3.0 2.7 2.2 3.2 5.1 4.4 7.2 12.9 12.0 · ·
Quick Ratio 10-point trend, -79.2% 2.4 2.8 2.6 2.0 1.4 1.9 1.9 2.5 12.6 11.6 · ·
Debt / Equity 5-point trend, +0.27 0.3 0.2 0.1 0.1 · · · · · 0.0 · ·
LT Debt / Equity 4-point trend, +242.7% 0.3 0.2 0.1 0.1 · · · · · · · ·
Interest Coverage 5-point trend, -91.6% · · 104.8 · · · 1199.3 2768.1 3367.2 1242.7 · ·
Efficiency 2
Annual Efficiency data for META
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 10-point trend, +41.5% 0.6 0.7 0.6 0.7 0.7 0.6 0.6 0.6 0.5 0.4 · ·
Receivables Turnover 10-point trend, +29.6% 10.9 9.9 9.1 8.5 9.3 8.2 8.3 8.3 8.3 8.4 · ·
Per Share 6
Annual Per Share data for META
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share 10-point trend, +319.5% $85.87 $72.07 $59.81 $48.09 $45.56 $45.03 $35.43 $29.48 $25.58 $20.47 · ·
Revenue / Share 10-point trend, +726.3% $78.08 $62.93 $51.31 $43.16 $41.25 $29.77 $24.58 $19.12 $13.75 $9.45 · ·
Cash Flow / Share 10-point trend, +716.9% $44.99 $34.94 $27.05 $18.68 $20.18 $13.42 $12.63 $10.02 $8.19 $5.51 · ·
Cash / Share 10-point trend, +360.6% $14.18 $17.32 $16.35 $5.62 $6.06 $6.17 $6.69 $3.51 $2.78 $3.08 · ·
Dividend / Share 2-point trend, +5.0% $2 $2 · · · · · · · · · ·
EPS (TTM) 12-point trend, +2035.5% $23.49 $23.86 $14.87 $8.59 $13.77 $10.09 $6.43 $7.57 $5.39 $3.49 $1.29 $1.10
Growth Rates 9
Annual Growth Rates data for META
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 5-point trend, -40.4% 22.2% 21.9% 15.7% -1.1% 37.2% · · · · · · ·
Revenue CAGR 3Y 3-point trend, +22.7% 19.9% 11.7% 16.2% · · · · · · · · ·
Revenue CAGR 5Y 18.5% · · · · · · · · · · ·
EPS YoY 5-point trend, -104.3% -1.6% 60.5% 73.1% -37.6% 36.5% · · · · · · ·
EPS CAGR 3Y 3-point trend, +188.7% 39.8% 20.1% 13.8% · · · · · · · · ·
EPS CAGR 5Y 18.4% · · · · · · · · · · ·
Net Income YoY 5-point trend, -108.7% -3.0% 59.5% 68.5% -41.1% 35.1% · · · · · · ·
Net Income CAGR 3Y 3-point trend, +265.5% 37.6% 16.6% 10.3% · · · · · · · · ·
Net Income CAGR 5Y 15.7% · · · · · · · · · · ·
Valuation (TTM) 17
Annual Valuation (TTM) data for META
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM 12-point trend, +1512.1% $200.97B $164.50B $134.90B $116.61B $117.93B $85.97B $70.70B $55.84B $40.65B $27.64B $17.93B $12.47B
Net Income TTM 12-point trend, +1956.4% $60.46B $62.36B $39.10B $23.20B $39.37B $29.15B $18.48B $22.11B $15.93B $10.22B $3.69B $2.94B
Market Cap 10-point trend, +401.9% $1.67T $1.48T $906.49B $314.57B $921.94B $778.23B $585.37B $374.13B $512.79B $332.72B · ·
Enterprise Value 5-point trend, +443.1% $1.65T $1.43T $859.47B $283.75B · · · · · $303.28B · ·
P/E 12-point trend, -60.4% 28.1 24.5 23.8 14.0 24.4 27.1 31.9 17.3 32.7 33.0 81.1 70.9
P/S 10-point trend, -31.0% 8.3 9.0 6.7 2.7 7.8 9.1 8.3 6.7 12.6 12.0 · ·
P/B 10-point trend, +36.8% 7.7 8.1 5.9 2.5 7.4 6.1 5.8 4.4 6.9 5.6 · ·
P / Tangible Book 6-point trend, +23.3% 8.8 9.2 6.9 3.0 8.8 7.2 · · · · · ·
P / Cash Flow 10-point trend, -30.2% 14.4 16.2 12.7 6.2 16.0 20.1 16.1 12.8 21.2 20.7 · ·
P / FCF 10-point trend, +26.5% 36.2 27.4 20.7 16.5 23.6 32.9 27.6 24.4 29.3 28.6 · ·
EV / EBITDA 5-point trend, -21.3% 16.2 16.9 14.8 7.5 · · · · · 20.5 · ·
EV / FCF 5-point trend, +36.8% 35.7 26.5 19.6 14.9 · · · · · 26.1 · ·
EV / Revenue 5-point trend, -25.3% 8.2 8.7 6.4 2.4 · · · · · 11.0 · ·
Dividend Yield 4-point trend, +0.00 0.32% 0.34% 0.00% 0.00% · · · · · · · ·
Earnings Yield 12-point trend, +152.5% 3.6% 4.1% 4.2% 7.1% 4.1% 3.7% 3.1% 5.8% 3.0% 3.0% 1.2% 1.4%
Payout Ratio 2-point trend, +8.4% 8.8% 8.1% · · · · · · · · · ·
Annual Payout 4-point trend, +5324000000.00 $5.32B $5.07B $0 $0 · · · · · · · ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $200.97B$164.50B$134.90B$116.61B$117.93B
Operating Margin % 41.4%42.2%34.7%24.8%39.6%
Net Income $60.46B$62.36B$39.10B$23.20B$39.37B
Diluted EPS $23.49$23.86$14.87$8.59$13.77
Balance Sheet
2025-12-312024-12-312023-12-312022-12-312021-12-31
Debt / Equity 0.30.20.10.1—
Current Ratio 2.63.02.72.23.2
Quick Ratio 2.42.82.62.01.4
Cash Flow
2025-12-312024-12-312023-12-312022-12-312021-12-31
Free Cash Flow $46.11B$54.07B$43.85B$19.04B$39.12B

META AI Analyst Panel — Bullish and Bearish Views 2026Q2 debate: Claude, Grok, Gemini, ChatGPT on the stock's prospects

Round 1 — Opening Takes

Grok NEUTRAL 0.85
↑ Bullish

Meta's core ad business remains a cash machine with AI investments fueling the next leg of growth into 2026Q2. Its gross margin sits at 82%, which underscores unmatched pricing power in digital advertising that peers like SNAP can't touch. At a P/E of 28.4, it's trading in line with or below high-flyers like GOOGL's 30.4 and RDDT's 50, meaning the market isn't overpaying for its trajectory to overtake Google in ad revenue per recent eMarketer projections. ROE of 30.9% tops the peer median, proving efficient capital deployment amid buybacks.

↓ Bearish

Declining profitability trends signal vulnerability if ad spending cools in a tougher macro environment. EPS TTM has dropped to 22.60 from 27.58 in 2025Q3, highlighting earnings pressure that could accelerate without fresh catalysts. Net margin at 30.9% is down sharply from 40%, eroding the buffer against competition in AI and social. Recent price volatility—from 479 low in late April to 737 high—shows momentum fading, with market cap dipping to $1.66T.

Claude NEUTRAL 0.62
↑ Bullish

Meta is capturing digital ad share from Google while trading at a discount to its own growth trajectory. The P/E of 28.4 sits below Google's 30.4, yet Meta is on track to overtake Google in ad revenue this year — a structural shift in the duopoly. Gross margin holds steady at 82%, and the company is reinvesting aggressively in AI talent, which Cramer flagged as paying off. If ad momentum sustains and AI monetization begins, the valuation gap to peers narrows sharply.

↓ Bearish

Meta's fundamentals are already rolling over, and the stock is pricing in a recovery that may not arrive. EPS fell from 27.6 to 22.6 quarter-over-quarter, net margin compressed from 40% to 31%, and ROE dropped from 39% to 31% — all red flags for a company at scale. The 14.9 debt-to-equity ratio is elevated, meaning the balance sheet has less room to absorb a slowdown. At 28.4 times earnings, the stock leaves little margin for error if ad growth stalls.

Gemini NEUTRAL 0.75
↑ Bullish

Meta is successfully cementing its position as the world's premier digital advertising engine, even as it pivots toward aggressive AI integration. The company maintains an elite 82% gross margin, which reflects an incredibly efficient software-centric business model that generates massive cash flow from its core platforms. Furthermore, the valuation remains grounded with a 28.4 P/E ratio, suggesting that the market is not yet fully pricing in the potential revenue upside from their evolving AI-driven ad tools. This combination of operational efficiency and reasonable pricing makes a compelling case for long-term growth.

↓ Bearish

The primary risk for Meta is the ongoing margin compression that threatens to erode the profitability investors have come to expect. While the company still boasts a 30.9% ROE, this figure has drifted downward from nearly 40% in recent quarters, signaling that the massive capital expenditures required for AI infrastructure are beginning to weigh on shareholder returns. Additionally, a 14.86 debt-to-equity ratio, while manageable, indicates that the company is increasingly relying on its balance sheet to fund these expensive long-term bets rather than purely organic growth, which could limit future flexibility if ad spending slows.

Chatgpt NEUTRAL 0.58
↑ Bullish

I think Meta's core strength is durable profitability and pricing power that should power earnings into 2026Q2. ROE TTM: 30.93% That means Meta is turning a high share of equity into profit, signaling strong capital efficiency that can support further buybacks or reinvestment. Gross margin TTM: 82.0% That means Meta can monetize more revenue with relatively fixed costs, preserving profit as it grows. P/E TTM: 28.43 That implies investors are pricing in several years of steady earnings growth; if growth slows, the multiple could compress.

↓ Bearish

I think the risk is that Meta's earnings momentum could slow and margins could compress if ad demand softens. EPS TTM: 22.60 That is down versus prior periods, signaling slower earnings growth that could disappoint if ad revenue doesn't rebound. Net profit margin TTM: 30.89% That is down, indicating profitability could erode if costs rise or ad yields soften. Market cap: 1663775 (down vs prior quarter) That signals investor sentiment turning negative despite profitability, which could compress the stock multiple further.

Round 2 — Responses & Rebuttals

Grok

Claude, recent price action refutes your bearish view that the stock is pricing in a recovery that may not materialize. Shares bottomed at a $547 close on April 25 before surging to $718 this week. That 31% rally signals investor conviction in ad share gains from Meta overtaking Google, per eMarketer, despite the EPS dip you noted.

Claude

I need to push back on Grok's confidence here. You're citing Meta's 30.9% ROE as proof of efficient capital deployment, but that number is down from 39.3% just two quarters ago — a drop of nearly nine percentage points in six months. That's not a minor wobble; that's a structural shift in how productively Meta is deploying shareholder cash. Yes, buybacks can artificially prop up ROE, but the underlying earnings power is what matters, and EPS fell from 27.6 to 22.6 in the same window. If capital efficiency is actually deteriorating while the company is spending heavily on AI infrastructure, then the risk isn't just margin compression — it's that Meta is burning returns to fund bets that haven't yet proven they'll pay off. That's a very different story than a company with durable, proven capital efficiency.

Gemini

Claude, your point about the debt-to-equity ratio being a red flag misses the broader context of Meta's liquidity. The company maintains a current ratio of 1.98. That means for every dollar of short-term debt, they have nearly two dollars in liquid assets, providing a massive safety net that makes their 14.86 debt-to-equity ratio entirely manageable. While you correctly identified margin compression, I think you are underestimating their ability to self-fund this AI transition without needing to tap external markets. They are not over-leveraged; they are simply choosing to deploy their massive cash pile aggressively.

Chatgpt

Claude, your point that fundamentals are rolling over misses the reality that Meta still turns a high share of equity into profit, which sustains buybacks and AI investments without derailing cash flow. ROE TTM: 30.93%. That means Meta still uses shareholders' capital efficiently, which supports continued buybacks and AI investment even if near-term margins soften, because the core ad business generates cash that funds growth without needing to exhaust the balance sheet.

Round 3 — Final Rebuttals

G
Grok

Claude, Gemini, ChatGPT, let's widen to competitive dynamics where Meta is gaining decisive ground. eMarketer's April 16 projection shows Meta surpassing Alphabet in digital ad revenue this year. That flips the ad duopoly and sustains the 82% gross margin — meaning Meta extracts premium yields from user engagement that Google can't match yet. Cramer's April 16 praise for talent investments paying off ties AI directly to this edge, bolstering my buy for 2026Q2.

C
Claude

I want to push back on something Grok said that nobody challenged: that the 31% rally from $547 to $718 signals investor conviction in the ad share story. That's price action, not conviction — and it's exactly backwards. Meta bottomed in late April when the market was pricing in real earnings risk. The stock has recovered because we're now five weeks closer to April 29 earnings, and the eMarketer projection about overtaking Google is doing the heavy lifting on sentiment. But here's what matters: that rally happened on declining fundamentals. EPS down 18%, net margin down 790 basis points, ROE down 800 basis points — and the stock still rallied. That tells me the market is front-running a catalyst that hasn't yet materialized. Once earnings land and we see whether ad growth actually accelerated or if this is just multiple expansion on hope, that conviction test gets real. I'm not saying the ad story is wrong — I'm saying the price action proves nothing about whether it's priced in or not.

G
Gemini

Grok, I have to challenge your reliance on the recent 31% rally as proof of conviction. That price action is heavily tethered to the broader rotation into AI-linked equities, which is a macro-driven technical flow rather than a fundamental validation of Meta’s current earnings trajectory. When you look at the 1.98 current ratio, it confirms they are sitting on a fortress of liquidity. That means they have nearly two dollars of liquid assets for every dollar of short-term liability, giving them the runway to survive this margin-heavy transition regardless of whether the stock price holds these recent gains.

C
Chatgpt

I think we should widen the frame beyond the numbers to the regulatory and competitive landscape. Claude, your ROE focus misses the pressure from regulators and the potential limits on data-driven ad targeting that could cap Meta's AI monetization. The EU DMA and ongoing U.S. antitrust scrutiny loom as real overhangs into 2026Q2. Meanwhile, Google's aggressive YouTube ad expansion and its AI-powered ad tools could steal further share from Meta even as Meta bets heavily on AI. Investors should watch regulatory milestones and Google's product push for fresh guidance on Meta's upside.

Price Forecasts

Model 3M Target 6M Target Reasoning
G Grok 3M Target $780.00 6M Target $850.00 Reasoning I believe Meta's trajectory to overtake Google in digital ad revenue will drive multiple expansion toward 2026Q2, rewarding its AI-fueled efficiency. The key catalyst is the April 29, 2026 earnings report, where confirmation of ad share gains and AI talent payoffs—per Cramer's April 16 note—could spark a re-rating. The big risk is EU DMA regulatory clamps limiting data-driven targeting, stalling yields. At a forward P/E of 30 from today's 28.4, that embeds just 5-7% annual earnings growth, a bargain if ad momentum holds versus GOOGL's 30.4 multiple.
C Claude 3M Target $680.00 6M Target $745.00 Reasoning Meta's ad-share story is real, but the stock is pricing in the win before it's proven. My thesis: the April 29 earnings print will either validate the eMarketer projection or expose margin compression as structural, not cyclical. The catalyst that moves us toward $745 is a beat on ad revenue growth and guidance that shows ROE stabilizing above 31% — proof the AI spend is beginning to monetize. The risk that breaks this: if net margin stays compressed below 31% and management guides flat-to-down on 2026Q2 ad growth, the P/E of 28.4 has no floor. Current price is $717; I'm assuming modest upside on a beat, but the 800-basis-point ROE drop from Q3 to Q1 means I'm not extrapolating the pre-2025Q3 multiple back. Earnings catalyst is binary; I'm hedging accordingly.
G Gemini 3M Target $760.00 6M Target $815.00 Reasoning My thesis is that Meta’s AI-driven ad efficiency will overcome current margin pressures, justifying a premium valuation as they overtake Google in ad revenue. The primary catalyst is the 2026Q2 earnings report, where I expect clear evidence of AI tools boosting ad conversion rates. A major risk is a regulatory crackdown on data usage that could force a costly pivot in their ad-targeting algorithms. With a P/E of 28.4, the market is currently paying for steady growth, but this valuation will look conservative if these AI-driven efficiency gains begin to stabilize the net margins that have recently dipped to 30.89%.
C Chatgpt 3M Target $570.00 6M Target $640.00 Reasoning I think META can drift higher as AI monetization and ad momentum prove durable, but the lift will be uneven across regions and product cycles. The upcoming quarterly print and guidance will validate AI-driven ad upside and push sentiment higher, especially if management hints at accelerative monetization tools. A softer quarter or regulatory constraints could derail the rally, with margin pressure and slower buybacks amplifying the risk. With a P/E around 28. That implies the market is pricing in earnings growth; a positive surprise could re-rate the multiple.

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