Meta Platforms META

Nasdaq · Services-Computer Programming, Data Processing, Etc. · $1.62T
$605.08−3.96%Nov 5 close · Databento
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META Wire Story Reactions & EOD Technical StudyDaily closes (Databento EOD) pinned with every AlgoThesis Wire story (dot colour = next trading day close) and SEC filing
Nov 5, 2026CLOSE $605.081D −3.96%3M +1.71%SMA20 $668.10SMA50 $674.14RSI(14) 34.9
605.08
RSI (14, Wilder EOD) · 70 Overbought / 30 OversoldRSI 34.9

Data provided by Databento (end of day). Next close = the first close after a story against the close before it; official daily closes only, not a call, not advice.

After a story on META, the first close moved a median −0.12%. Up 10 of 20; over the next three trading days, a median +1.63%.

The numbers

fiscal 2025, as filed with the SEC · 66-metric EOD snapshot via Databento
Market cap$1.62T
EV / True FCF63.9x
Revenue$201.0B +22.2%
True FCF (ex-SBC)$25.7B −14.7%
Rule of 4045.1%
ROIC24.7%
True FCF Yield1.6%
EPS, diluted$23.49 −1.6%
Modern Valuation (EOD)
Market Cap$1.62T
Enterprise Value$1,641B
EV / True FCF63.91
EV / FCF35.60
EV / Gross Profit—
EV / EBIT19.71
EV / Sales8.17
P / E (GAAP)26.82
P / FCF35.17
P / Oper. CF14.00
P / Book7.46
Owner & Cash Yields
True FCF Yield1.6%
FCF Yield2.8%
Owner Earn. Yield-0.7%
Earnings Yield3.7%
Shareholder Yield+0.7%
Buyback Yield1.6%
Dividend Yield0.35%
Dividend / sh$2.10
Payout Ratio9%
FCF / sh—
EPS (diluted)$23.49
Compounder & Returns
Rule of 4045.1%
ROIC24.7%
Cash ROIC (CROIC)19.5%
GP / Assets—
ROE27.8%
ROA16.5%
Gross Margin—
Oper. Margin41.4%
Net Margin30.1%
FCF Margin22.9%
True FCF Margin12.8%
Quality & Dilution
Cash Conversion76%
Accrual Ratio−15.1%
SBC % of FCF44.3%
SBC % of Rev10.2%
Reinvest. Rate110%
Sales Growth Y/Y+22.2%
Sales 3Y CAGR+19.9%
EPS Growth Y/Y−1.6%
FCF Growth Y/Y−14.7%
FCF 3Y CAGR+33.7%
Share Change Y/Y−1.5%
Balance Sheet & Scale
Revenue (FY)$201.0B
Gross Profit (FY)—
Oper. Income (FY)$83.3B
GAAP Net Income$60.5B
True FCF (ex-SBC)$25.7B
Cash & Equiv$39.1B
Total Debt$58.7B
Net Cash (Debt)$-19.6B
Net Cash % MCap−1.2%
Debt / FCF (yrs)1.3y
Current Ratio2.60
Price & Technicals (EOD)
Perf Week−3.11%
Perf Month−16.11%
Perf Quarter+2.19%
Perf Half Y−1.90%
Perf YTD−9.81%
SMA 20 Dist−9.43%$668.10
SMA 50 Dist−10.24%$674.14
SMA 100 Dist−4.46%$633.33
Window High−22.19%$777.59
Window Low+12.25%$539.03
RSI (14) · Vol34.941%v
Income Distribution & Cash Flow ConversionHow every dollar of META revenue flows through cost of goods, operating expenses, taxes, GAAP net income, and dilution-adjusted free cash flow
REVENUE · 100%$201.0BGROSS PROFIT · 82.0%$164.8BCOST OF REV · 18.0%$36.2BOPER. INCOME · 41.4%$83.3BOPEX · 40.6%R&D $57.4BNET INCOME · 30.1%$60.5BTAX & OTHER · 11.4%$22.8B
Where Every $100 of Revenue Goes (FY2025)
Cost of Revenue (COGS)$36.2B ($18.0 / $100)
R&D Reinvestment$57.4B ($28.5 / $100)
Operating Expenses$24.1B ($12.0 / $100)
Tax & Non-Operating$22.8B ($11.4 / $100)
Net Profit Kept$60.5B ($30.1 / $100)
Earnings Quality: GAAP Profit → True Owner Cash (FY2025)
GAAP Net Income$60.5B (30.1% margin)
Operating Cash Flow (OCF)$115.8B(57.6% of rev)
Less: Capital Expenditures−$69.7B(34.7% of rev)
Standard Free Cash Flow (FCF)$46.1B(22.9% margin)
Less: Stock-Based Comp (SBC)−$20.4B(44.3% of FCF)
True FCF (Owner Cash ex-SBC)$25.7B(12.8% of rev)

Operating leverage — margins

GrossOperatingNet
0%40%80%41%30%FY21FY22FY23FY24FY25
Unlocked SEC EDGAR Accounting Statements (USD)All 3 statements · Common-size (% of Revenue / Assets) · YoY growth · Tap any core row to explain
Line Item (USD)FY2021FY2022FY2023FY2024FY2025YoY Δ4Y CAGRTrend
Income Statement
Cost of Revenue (COGS)$22.6B$25.2B$26.0B$30.2B$36.2B+19.9%+12.4%
Research & Development (R&D)$24.7B$35.3B$38.5B$43.9B$57.4B+30.8%+23.5%
Interest Expense$23.0M$185.0M$446.0M$715.0M$1.2B+62.9%+166.8%
Income Tax Expense$7.9B$5.6B$8.3B$8.3B$25.5B+206.8%+33.9%
Diluted Shares2.86B2.70B2.63B2.61B2.57B−1.5%−2.6%
Balance Sheet
Cash & Equivalents$16.9B$15.6B$42.8B$45.4B$39.1B−13.9%+23.4%
Total Current Assets$66.7B$59.5B$85.4B$100.0B$108.7B+8.7%+13.0%
Total Assets$166.0B$185.7B$229.6B$276.1B$366.0B+32.6%+21.9%
Total Current Liabilities$21.1B$27.0B$32.0B$33.6B$41.8B+24.5%+18.6%
Total Debt (Short + Long Term)$2.7B$12.7B$21.1B$31.6B$58.7B+86.1%+115.0%
Total Liabilities$41.1B$60.0B$76.5B$93.4B$148.8B+59.3%+37.9%
Stockholders' Equity$124.9B$125.7B$153.2B$182.6B$217.2B+18.9%+14.8%
Net Cash / (Net Debt)$14.1B$2.9B$21.7B$13.9B$-19.6B−241.7%—
Invested Capital$110.8B$122.8B$131.5B$168.8B$236.9B+40.4%+20.9%
Cash Flow & Capital Allocation
Depreciation & Amortization (D&A)$8.0B$8.7B$11.2B$15.5B$18.6B+20.1%+23.6%
Stock-Based Compensation (SBC)$9.2B$12.0B$14.0B$16.7B$20.4B+22.4%+22.2%
Capital Expenditures (CapEx)$18.7B$31.2B$27.0B$37.3B$69.7B+87.1%+39.0%
True FCF (ex-SBC Owner Cash)$29.8B$7.3B$30.0B$37.4B$25.7B−31.3%−3.7%
Share Repurchases (Buybacks)$44.5B$28.0B$19.8B$30.1B$26.2B−12.9%−12.4%
Dividends Paid—$0$0$5.1B$5.3B+5.0%—

Fundamentals, income distribution and multi-year statements from SEC EDGAR filings (public domain). Valuation multiples, performance and technicals computed from Databento 1D EOD closes. For information only, not investment advice.

On the Wire

what META did at the next close after each story
Oct 27—
Oct 26−1.88%
Oct 21−6.98%
Oct 21+0.47%
Oct 2+0.30%
Sep 28−4.79%
Sep 28−4.79%
Sep 23+4.50%
Sep 11+0.57%
Sep 9+6.55%

The record, by topic

last 90 days · stories · median first close
regulation8−0.20%
consumer3+4.50%
earnings2−2.25%
macro2+0.43%
cloud2−4.79%
semis1−1.88%
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