Meta Platforms, Inc.
Communication Services · Menlo Park, California · NASDAQ
🏢 Company Description
Financial Performance — 5 Years
Financial Statements
| Item | FY-4 | FY-3 | FY-2 | FY-1 | FY (latest) | Source |
|---|---|---|---|---|---|---|
| Revenue | $117.9B | $116.6B | $134.9B | $164.5B | $201.0B | [META 10-K filed 2026-01-29 · accession 0001628280-26-003942] |
| Gross Profit | $94.0B | $92.7B | $108.9B | $134.1B | $164.8B | [META 10-K filed 2026-01-29 · accession 0001628280-26-003942] |
| Operating Income | $46.8B | $28.9B | $46.8B | $69.4B | $83.3B | [META 10-K filed 2026-01-29 · accession 0001628280-26-003942] |
| Operating Margin % | 39.6% | 24.8% | 34.7% | 42.2% | 41.4% | [META 10-K filed 2026-01-29 · accession 0001628280-26-003942] |
| EBITDA | $56.0B | $42.0B | $65.0B | $92.0B | $108.0B | [META 10-K filed 2026-01-29 · accession 0001628280-26-003942] |
| Net Income | $39.4B | $23.2B | $39.1B | $62.4B | $60.0B | [META 10-K filed 2026-01-29 · accession 0001628280-26-003942] |
| EPS ($) | $13.77 | $8.59 | $14.87 | $23.86 | $27.40 | [META 10-K filed 2026-01-29 · accession 0001628280-26-003942] |
| FCF | $38.4B | $19.0B | $43.8B | $52.1B | $33.0B | [META 10-K filed 2026-01-29 · accession 0001628280-26-003942] |
Economic Moat
Valuation Multiples
| Multiple | Company | 5Y Self-Average | Spread vs 5Y Avg |
|---|---|---|---|
| P/E (TTM) [yfinance snapshot · 5Y computed 2026-04-18] | 29.2x | 21.7x (5Y) | +34.6% |
| P/E (Fwd) [yfinance forward consensus] | 19.3x | N/A | N/A |
| EV/EBITDA [yfinance snapshot · 5Y computed 2026-04-18] | 16.8x | 13.8x (5Y) | +21.9% |
| P/S [yfinance snapshot · 5Y computed 2026-04-18] | 8.6x | 6.7x (5Y) | +29.1% |
| P/B [yfinance snapshot · 5Y computed 2026-04-18] | 8.0x | 6.1x (5Y) | +31.8% |
| Div Yield [yfinance snapshot · 5Y computed 2026-04-18] | 0.31% | 0.17% (5Y) | +0.14pp |
| FCF Yield (snapshot) [computed · 2026-04-18] | 1.90% | 4.35% (5Y) | -56.3% |
5Y self-averages are computed from yfinance annual data (annual income_stmt × balance_sheet × cash_flow + price snapshots at FY-end). Source: lib/compute_5y_multiples.py · Refresh: 2026-04-18 | |||
How to Think About This Company
A full How to Think About This Company analysis for META — covering the essence of the business, the key variables, potential analytical pitfalls, and what distinguishes professional thinking from noise — is available within the Family Office content library.
The difference between surface-level analysis and professional thinking often lies in the variables that are not immediately visible.
Risks & Items to Monitor
Scenario Framework
The framework below describes which conditions need to hold in each scenario — it is not a price forecast.
Scenarios are descriptive, not predictive. They outline possible conditions, not expected outcomes. There is no probability assessment, no preferred direction, and no expectation as to which scenario will materialize.
Analytical Lens — The Questions We Ask
In a professional company analysis, the question is not "is this good", but rather "through which lenses must we examine the company in order not to miss what matters most". Every analysis at Bakshi Finance is run through six lenses. The text below is not an evaluation — it is the map of the questions this analysis is intended to answer.
The analysis is based on an internal multi-factor analytical framework used in professional portfolio management. The framework maps the questions; the answers appear woven through the analysis above.
What this lens is not: there is no rating, no score, no comparison between this company and any other, and no preference. The same six questions are asked of every company on the site — what differs is the answers, not the tool.
This framework is intended to structure analysis, not to produce an investment conclusion.
Key Observations
This summary is not a recommendation. It is a factual list of what the analysis identified. The decision — rests with the client.
Disclosure — Family Office Format
Bakshi Finance operates as a Family Office serving qualified investors only. Mr. Yaron Bakshi was a licensed investment advisor in Israel from 2008 to 2023. As of the date of publication of this document, the firm does not hold a license for investment advice, investment marketing, or portfolio management. This document is intended for research and professional educational purposes only. Nothing herein constitutes a recommendation to buy, sell, hold or take any other action with respect to securities. Nothing herein is a substitute for personalized advice that takes into account the data and needs of any individual. Every decision — is the sole responsibility of the investor. Past performance is not indicative of future results.