Meta Platforms, Inc. (META)
Communication Services · Interactive Media & Services · US stock · S&P 500 component
$648.85
▼ -48.67 (6.98%)
Fair valueFair
$595 −8.2% to fair value
$298fair band $507–$722$893
Day's range
$639.69 – $681.07
52-week range
$520.26 – $779.82
About Meta Platforms, Inc.
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%. The site's X-Ray Score is 58 out of 100.
META news
All META news →Price chart
52-wk range $520.26 – $779.82Volume 40,510,072Daily, split-adjusted
Vitals
Market cap$1.66T
52-week range$520.26 – $779.82
Volume (last day)40,510,072
P/E (TTM)24.5
EBIT / EV yield5.2%
Free-cash-flow yield2.5%
Dividend yield0.3%
Revenue (TTM)$228.2B
Net income (TTM)$68.1B
Operating margin38.1%
Return on capital26.6%
Debt incl. leases$83.7B
Cash & securities$90.3B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$595middle half of models $512 – $676
Fair
−8.2% to fair value
Average of the 12 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is Medium, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.
Price $649
Undervalued < $507Fair $507 – $722Overvalued > $722
P/E multiple
$649
P/B multiple
$673
P/S multiple
$685
EV/EBITDA multiple
$737
EV/EBIT multiple
$689
EV/revenue multiple
$667
10-year DCF, EBITDA exit
$514
5-year DCF, EBITDA exit
$666
10-year DCF, revenue exit
$506
5-year DCF, revenue exit
$652
10-year DCF, growth exit · not used
$207
5-year DCF, growth exit
$270
Dividend discount, stable · not used
$59
Dividend discount, multi-stage · not used
$75
Earnings power value
$439
Growth the price implies
24.4%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.
What this means
Average business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Communication Services peers. Open a lens to see the numbers behind it.
Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data
Valuation
Weak
33/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield5.2%
Free-cash-flow yield2.5%
Fair value vs price0.9×
Growth
Strong
74/100
Growing faster than most of its sector.
See the numbers →
Revenue growth (3y)19.9%
EPS growth (3y)39.8%
Growth consistency100%
Profitability
Strong
73/100
Earns high returns on the capital it uses.
See the numbers →
Return on invested capital26.6%
Operating margin38.1%
Gross profitability41.5%
Financial health
Fair
62/100
Balance sheet is in typical shape for its sector.
See the numbers →
Piotroski F-Score5 / 9
Net debt / EBITDA-0.1×
Interest coverNo interest cost
Dividends
Weak
48/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield0.3%
Dividends vs free cash flow13%
Quarterly results: last 6 quarters
+16.1%
Mar '25
+21.6%
Jun '25
+26.2%
Sep '25
+23.8%
Dec '25
+33.1%
Mar '26
+28.0%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $60.8B, diluted EPS $6.18.
Compare with peers
RDDT Reddit, Inc.69 GOOG Alphabet Inc.50Other Interactive Media & Services companies by X-Ray Score.
SWOT analysis: Meta Platforms, Inc.
Strengthsinside the company
- Return on invested capital is 26.6%, against a median of 8.9% for sector peers.
- Operating margin of 38.1% is well above the 18.8% median of sector peers, a sign of pricing power or lower costs.
- Revenue has grown 19.9% a year over three years (median 4.7% for sector peers).
- Earnings per share have compounded at 39.8% a year over three years.
Weaknessesinside the company
- No clear weakness in the figures we track.
Opportunitiesvaluation and setting
- Our Market Compass rates the backdrop for Communication Services as favourable.
- Price momentum is strong on the weekly and monthly signals (trends can reverse).
Threatsvaluation and setting
- No specific threat is flagged by our checks; general market and interest-rate risk still applies.
Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.
Compare META with peers and sector
Medians of 17 Communication Services peers and of 17 Communication Services stocks in our universe.
Largest peers (X-Ray Score): GOOG 50, NFLX 58, CCZ 48, DIS 56, VZ 49, TMUS 69.
| Metric | META | Peers | Sector |
|---|---|---|---|
| X-Ray Score (out of 100) | 58 | 51 | 51 |
| Valuation | 33 | 54 | 54 |
| Growth | 74 | 48 | 48 |
| Profitability | 73 | 52 | 52 |
| Financial health | 62 | 51 | 51 |
| Dividends | 48 | 46 | 46 |
Sector leaders: highest X-Ray Score in Communication Services
META ranks #4 of 18 in Communication Services by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.
Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.
Factor ratings for META
Each factor is rated by where META stands among the 18 Communication Services stocks in our universe.
Rating against the sector
Goodthe top third of these stocks
Averagethe middle third of these stocks
Badthe bottom third of these stocks
"Beats" is the share of those stocks it is ahead of.
Against its own history
The last columns set today's figure against the company's own median of its last five financial years:
▲ Betterbetter than its usual level
▼ Worseworse than its usual level
≈ In linewithin its usual range
For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.
In total: 12 Good · 5 Average · 5 Bad of 22
Growth: 3 · 0 · 0
Profitability: 4 · 1 · 0
Financial strength: 3 · 0 · 1
Valuation: 0 · 1 · 4
Cash flow: 2 · 2 · 0
Efficiency: 0 · 1 · 0
| Factor | META | Rating | Sector median | Own 5-year median | Against own history |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth, 3 years a year | +19.9% | Good beats 81% | +5.6% | – | – |
| Revenue growth, last year | +22.2% | Good beats 86% | +7.7% | +21.9% | ≈ In line |
| EPS growth, 3 years a year | +39.8% | Good beats 92% | +6.6% | – | – |
| Profitability | |||||
| Gross margin | 81.7% | Good beats 93% | 47.1% | 80.8% | ≈ In line |
| Operating margin | 38.1% | Good beats 92% | 19.3% | 39.6% | ≈ In line |
| Net margin | 29.8% | Good beats 75% | 10.6% | 30.1% | ≈ In line |
| Return on invested capital | 26.6% | Good beats 75% | 10.4% | – | – |
| Return on equity | 26.1% | Average beats 58% | 17.9% | 27.8% | ≈ In line |
| Financial strength | |||||
| Net debt / EBITDA | -0.1x | Good beats 91% | 1.4x | -0.8x | ▼ Worse |
| Interest cover | 50.0x | Good beats 78% | 11.8x | 50.0x | ≈ In line |
| Current ratio | 2.23 | Good beats 69% | 1.10 | 2.67 | ▼ Worse |
| Piotroski F-score | 5 / 9 | Bad beats 22% | 6 / 9 | – | – |
| Valuation | |||||
| P/E ratio | 24.4x | Bad beats 32% | 20.8x | 24.4x | ≈ In line |
| Price / book | 6.4x | Bad beats 31% | 2.8x | 7.7x | ▲ Better |
| Price / sales | 7.3x | Bad beats 19% | 2.0x | 8.2x | ▲ Better |
| EV / EBITDA | 15.1x | Average beats 44% | 13.4x | 16.5x | ≈ In line |
| Free cash flow yield | 2.5% | Bad beats 27% | 3.9% | 4.1% | ▼ Worse |
| Cash flow | |||||
| Free cash flow margin | 18.0% | Average beats 59% | 15.7% | 32.7% | ▼ Worse |
| Cash from operations / net income | 1.91 | Average beats 43% | 1.98 | 1.82 | ≈ In line |
| Free cash flow growth, 3 years a year | +33.7% | Good beats 84% | +11.7% | – | – |
| Accruals (lower is better) | −13.8% | Good beats 97% | −5.8% | – | – |
| Efficiency | |||||
| Days sales outstanding | 35 days | Average beats 66% | 47 days | 42 days | ▲ Better |
These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings). A dash in the history columns means fewer than three usable years.
Fundamentals checklist
● 9 Good · ● 4 Average · ● 3 BadCash quality
Earnings backed by cashGood
Free-cash-flow yieldBad
Risk models
Altman Z''Good
Piotroski F-ScoreBad
Growth
EPS growth (3y)Average
Free-cash-flow growth (3y)Average
Revenue growth (3y)Good
Growth consistencyGood
Balance sheet
Current ratioGood
Net debt / EBITDAGood
Interest coverGood
Valuation
Fair value vs priceBad
EBIT / EV yieldAverage
Profitability
Return on invested capitalGood
Operating marginGood
Gross profitabilityAverage
Each check is graded against the company's sector, not a fixed number. Checklist score 65/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $117.9B | $116.6B | $134.9B | $164.5B | $201.0B |
| Operating income | $46.8B | $28.9B | $46.8B | $69.4B | $83.3B |
| Net income | $39.4B | $23.2B | $39.1B | $62.4B | $60.5B |
| Operating cash flow | $57.7B | $50.5B | $71.1B | $91.3B | $115.8B |
| Operating margin | 39.6% | 24.8% | 34.7% | 42.2% | 41.4% |
| Free cash flow | $39.0B | $19.3B | $44.1B | $54.1B | $46.1B |
| Diluted EPS | $13.77 | $8.59 | $14.87 | $23.86 | $23.49 |
Fiscal years, from SEC filings.
Technical summary
Daily
Neutral
7 bullish · 1 neutral · 8 bearish
Weekly
Strongly bullish
9 bullish · 1 neutral · 2 bearish
Monthly
Strongly bullish
7 bullish · 1 neutral · 0 bearish
Moving averages (daily)
| SMA 10 | 715.4 | Bearish |
| EMA 10 | 703.9 | Bearish |
| SMA 20 | 723.1 | Bearish |
| EMA 20 | 707.9 | Bearish |
| SMA 50 | 662.6 | Bearish |
| EMA 50 | 679.8 | Bearish |
| SMA 100 | 629.9 | Bullish |
| EMA 100 | 654.0 | Bearish |
| SMA 200 | 631.7 | Bullish |
| EMA 200 | 643.1 | Bullish |
Oscillators (daily)
| RSI (14) | 36.85 | Neutral |
| MACD (12, 26) | 3.46 | Bullish |
| Momentum (12) | -12.18 | Bearish |
| Stochastic %K (14) | 6.96 | Bullish |
| Williams %R (14) | -93.04 | Bullish |
| CCI (20) | -275.9 | Bullish |
Pivot points (classic, last session)
S3 590.6 | S2 615.2 | S1 632.0 | Pivot 656.5 | R1 673.4 | R2 697.9 | R3 714.8 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
2.10 USD
Yield on today's price
0.32%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 0.5250 | |
| 0.5250 | |
| 0.5250 | |
| 0.5250 | |
| 0.5250 | |
| 0.5250 | |
| 0.5250 | |
| 0.5000 | |
| 0.5000 | |
| 0.5000 | |
| 0.5000 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
ETFs that hold META
| ETF | Share of the fund |
|---|---|
| VOX Vanguard Communication Services | 21.05% |
| FCOM Fidelity MSCI Communication Services I... | 20.63% |
| GXPC Global X Purecap MSCI Communication Se... | 19.93% |
| XLC Communication Services Select Sector S... | 19.90% |
| METU Direxion Daily META Bull 2X | 18.44% |
| TRUC VanEck Communication Services TruSecto... | 9.99% |
| FDN First Trust Dow Jones Internet Index | 9.83% |
| CGGR Capital Group Growth | 7.09% |
The eight funds with the largest weight in META among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.
META SEC filings
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Entered a material agreement; Results of operations
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations
8-KSEC EDGAR
Shareholder vote results
8-KSEC EDGAR
Other events
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.