meta platforms inc. - META

META

Close Chg Chg %
563.09 -3.95 -0.70%

Closed Market

559.14

-3.95 (0.70%)

Volume: 9.16M

Last Updated:

Nov 22, 2024, 4:00 PM EDT

Company Overview: meta platforms inc. - META

META Key Data

Open

$563.83

Day Range

554.59 - 563.83

52 Week Range

313.66 - 602.95

Market Cap

$1.42T

Shares Outstanding

2.52B

Public Float

2.18B

Beta

1.21

Rev. Per Employee

N/A

P/E Ratio

26.52

EPS

$21.84

Yield

26.64%

Dividend

$0.50

EX-DIVIDEND DATE

Sep 16, 2024

SHORT INTEREST

N/A

AVERAGE VOLUME

13.48M

 

META Performance

1 Week
 
1.63%
 
1 Month
 
-1.77%
 
3 Months
 
6.65%
 
1 Year
 
66.48%
 
5 Years
 
183.22%
 

META Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 69
Full Ratings ➔

About meta platforms inc. - META

Meta Platforms, Inc. engages in the development of social media applications. It builds technology that helps people connect and share, find communities, and grow businesses. It operates through the Family of Apps (FoA) and Reality Labs (RL) segments. The FoA segment consists of Facebook, Instagram, Messenger, WhatsApp, and other services. The RL segment includes augmented, mixed and virtual reality related consumer hardware, software, and content. The company was founded by Mark Elliot Zuckerberg, Dustin Moskovitz, Chris R. Hughes, Andrew McCollum, and Eduardo P. Saverin on February 4, 2004, and is headquartered in Menlo Park, CA.

META At a Glance

Meta Platforms, Inc.
1 Meta Way
Menlo Park, California 94025
Phone 1-650-543-4800 Revenue 134.90B
Industry Internet Software/Services Net Income 39.10B
Sector Technology Services 2023 Sales Growth 15.687%
Fiscal Year-end 12 / 2024 Employees 67,317
View SEC Filings

META Valuation

P/E Current 26.518
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) 23.801
Price to Sales Ratio 6.898
Price to Book Ratio 5.918
Price to Cash Flow Ratio 13.086
Enterprise Value to EBITDA 14.711
Enterprise Value to Sales 6.694
Total Debt to Enterprise Value 0.042

META Efficiency

Revenue/Employee 2,003,981.164
Income Per Employee 580,804.254
Receivables Turnover 8.343
Total Asset Turnover 0.65

META Liquidity

Current Ratio 2.671
Quick Ratio 2.671
Cash Ratio 2.049

META Profitability

Gross Margin 80.722
Operating Margin 37.214
Pretax Margin 35.157
Net Margin 28.983
Return on Assets 18.827
Return on Equity 28.039
Return on Total Capital 20.46
Return on Invested Capital 22.941

META Capital Structure

Total Debt to Total Equity 24.76
Total Debt to Total Capital 19.846
Total Debt to Total Assets 16.516
Long-Term Debt to Equity 23.641
Long-Term Debt to Total Capital 18.95
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for Meta Platforms Inc. - META

Collapse All in section
All values USD millions. 2020 2021 2022 2023 5-year trend
Sales/Revenue
85.97B 117.93B 116.61B 134.90B
Sales Growth
+21.60% +37.18% -1.12% +15.69%
Cost of Goods Sold (COGS) incl D&A
16.69B 22.65B 23.75B 26.01B
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
6.86B 7.97B 8.69B 11.18B
Depreciation
6.39B 7.56B 8.50B 11.02B
Amortization of Intangibles
473.00M 407.00M 185.00M 161.00M
COGS Growth
+30.71% +35.69% +4.88% +9.48%
Gross Income
69.27B 95.28B 92.86B 108.90B
Gross Income Growth
+19.59% +37.54% -2.55% +17.28%
Gross Profit Margin
+80.58% +80.79% +79.63% +80.72%
2020 2021 2022 2023 5-year trend
SG&A Expense
36.60B 48.53B 59.30B 58.69B
Research & Development
18.45B 24.66B 33.62B 36.49B
Other SG&A
18.16B 23.87B 25.68B 22.20B
SGA Growth
+26.47% +32.58% +22.20% -1.02%
Other Operating Expense
- - - -
-
Unusual Expense
- - 4.61B 3.45B
-
EBIT after Unusual Expense
32.67B 46.75B 28.94B 46.75B
Non Operating Income/Expense
509.00M 531.00M 35.00M 1.12B
Non-Operating Interest Income
672.00M 461.00M 436.00M 1.64B
Equity in Earnings of Affiliates
- - - -
-
Interest Expense
- - 160.00M 446.00M
-
Interest Expense Growth
- - - +178.75%
-
Gross Interest Expense
- - 160.00M 446.00M
-
Interest Capitalized
- - - -
-
Pretax Income
33.18B 47.28B 28.82B 47.43B
Pretax Income Growth
+33.73% +42.51% -39.05% +64.57%
Pretax Margin
+38.60% +40.10% +24.71% +35.16%
Income Tax
4.03B 7.91B 5.62B 8.33B
Income Tax - Current - Domestic
3.82B 5.52B 6.97B 5.51B
Income Tax - Current - Foreign
1.21B 1.79B 1.93B 2.69B
Income Tax - Deferred - Domestic
(981.00M) 628.00M (3.18B) 190.00M
Income Tax - Deferred - Foreign
(16.00M) (19.00M) (96.00M) (59.00M)
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
- - - -
-
Other After Tax Income (Expense)
- - - -
-
Consolidated Net Income
29.15B 39.37B 23.20B 39.10B
Minority Interest Expense
- - - -
-
Net Income
29.15B 39.37B 23.20B 39.10B
Net Income Growth
+57.67% +35.08% -41.07% +68.53%
Net Margin Growth
+33.90% +33.38% +19.90% +28.98%
Extraordinaries & Discontinued Operations
- - - -
-
Discontinued Operations
- - - -
-
Net Income After Extraordinaries
29.15B 39.37B 23.20B 39.10B
Preferred Dividends
- - - -
-
Net Income Available to Common
29.15B 39.37B 23.20B 39.10B
EPS (Basic)
10.2231 13.9858 8.6342 15.1896
EPS (Basic) Growth
+57.84% +36.81% -38.26% +75.92%
Basic Shares Outstanding
2.85B 2.81B 2.69B 2.57B
EPS (Diluted)
10.0921 13.7706 8.5862 14.8718
EPS (Diluted) Growth
+57.02% +36.45% -37.65% +73.21%
Diluted Shares Outstanding
2.89B 2.86B 2.70B 2.63B
EBITDA
39.53B 54.72B 42.24B 61.38B
EBITDA Growth
+13.84% +38.42% -22.81% +45.31%
EBITDA Margin
+45.99% +46.40% +36.22% +45.50%

Snapshot

Average Recommendation OVERWEIGHT Average Target Price 654.177
Number of Ratings 69 Current Quarters Estimate 6.723
FY Report Date 12 / 2024 Current Year's Estimate 22.652
Last Quarter’s Earnings 6.03 Median PE on CY Estimate N/A
Year Ago Earnings 14.87 Next Fiscal Year Estimate 25.353
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 46 34 59 59
Mean Estimate 6.72 5.41 22.65 25.35
High Estimates 7.29 5.92 23.79 28.23
Low Estimate 6.00 4.69 21.60 22.00
Coefficient of Variance 4.42 5.61 1.71 4.98

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 48 52 50
OVERWEIGHT 9 8 7
HOLD 10 9 9
UNDERWEIGHT 1 1 1
SELL 1 1 1
MEAN Overweight Buy Buy

Insider Actions for Meta Platforms Inc. - META

Date Name Shares Transaction Value
Nov 8, 2024 Jennifer G. Newstead Chief Legal Officer 30,581 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $567.7 per share 17,360,833.70
Aug 23, 2024 Aaron A. Anderson Chief Accounting Officer 3,247 Bona fide gift 0.00
Aug 23, 2024 Aaron A. Anderson Chief Accounting Officer 3,532 Bona fide gift 0.00
Aug 20, 2024 Mark Elliot Zuckerberg COB and CEO; Director 70,455 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $533.64 per share 37,597,606.20
Aug 20, 2024 Mark Elliot Zuckerberg COB and CEO; Director 70,555 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $532.87 per share 37,596,642.85
Aug 20, 2024 Mark Elliot Zuckerberg COB and CEO; Director 71,155 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $530.29 per share 37,732,784.95
Aug 20, 2024 Mark Elliot Zuckerberg COB and CEO; Director 71,663 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $529.2 per share 37,924,059.60
Aug 20, 2024 Jennifer G. Newstead Chief Legal Officer 37,512 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Aug 20, 2024 Mark Elliot Zuckerberg COB and CEO; Director 603,659 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $539.58 per share 325,722,323.22
Aug 20, 2024 Mark Elliot Zuckerberg COB and CEO; Director 603,759 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $538.87 per share 325,347,612.33
Aug 20, 2024 Mark Elliot Zuckerberg COB and CEO; Director 604,706 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $537.98 per share 325,319,733.88
Aug 20, 2024 Mark Elliot Zuckerberg COB and CEO; Director 607,319 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $536.93 per share 326,087,790.67
Aug 20, 2024 Mark Elliot Zuckerberg COB and CEO; Director 608,967 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $535.84 per share 326,308,877.28
Aug 20, 2024 Mark Elliot Zuckerberg COB and CEO; Director 609,534 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $534.75 per share 325,948,306.50
Aug 20, 2024 Mark Elliot Zuckerberg COB and CEO; Director 609,934 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $532.97 per share 325,076,523.98
Aug 20, 2024 Mark Elliot Zuckerberg COB and CEO; Director 610,334 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $531 per share 324,087,354.00
Aug 20, 2024 Mark Elliot Zuckerberg COB and CEO; Director 610,634 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $529.54 per share 323,355,128.36
Aug 20, 2024 Mark Elliot Zuckerberg COB and CEO; Director 611,234 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $528.49 per share 323,031,056.66
Aug 20, 2024 Mark Elliot Zuckerberg COB and CEO; Director 69,955 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $535.02 per share 37,427,324.10
Aug 20, 2024 Hock E. Tan Director 2,341 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00

Meta Platforms Inc. in the News