This is the standing evidence sheet for Meta Platforms (META): the yardsticks BullScope computes from official SEC filings and market prices. It refreshes whenever a new edition of our research is published, and it is impersonal by design, every reader sees the same page. Nothing here is investment advice; it is the evidence, organized.
The price tag: what buyers pay per dollar of profit
Today the market pays about $30.0 for each $1 of Meta Platforms’s annual profit (a price-to-earnings ratio of 30.0). Across its own past decade the typical price tag was 28.8, which puts today at roughly the 57th percentile of the company’s own history.
The tape: what the stock itself has done
- Last price: $697.52 (end-of-day market data as of the edition date · methodology) · 10% below its 52-week high
- Past 6 months: +3.4% · past 12 months: -4.7%
- Day-to-day temperament: jumpy (annualized volatility 42%)
The filed record: straight from the annual reports
| Fiscal year | Revenue | Growth | Operating margin | EPS |
|---|---|---|---|---|
| FY2021 | $117.9B | +37.2% | 39.6% | $13.77 |
| FY2022 | $116.6B | -1.1% | 24.8% | $8.59 |
| FY2023 | $134.9B | +15.7% | 34.7% | $14.87 |
| FY2024 | $164.5B | +21.9% | 42.2% | $23.86 |
| FY2025 | $201.0B | +22.2% | 41.4% | $23.49 |
The road ahead: filed results vs published expectations
| FY2023A | FY2024A | FY2025A | FY2026E | FY2027E | |
|---|---|---|---|---|---|
| Net sales ($B) | 134.9 | 164.5 | 201.0 | 238 to 252 | 272 to 300 |
| Net sales growth (%) | +22.1 | +22.0 | +22.2 | 18 to 25 | 15 to 21 |
| Operating margin (%) | 34.7 | 42.2 | 41.4 | 33 to 38 | 35 to 42 |
| Diluted EPS ($) | 14.87 | 23.86 | 23.49 | 22.00 to 28.00 | 26.00 to 38.00 |
| Adjusted EPS (non-GAAP) | , | , | , | 28 to 36 | 33 to 46 |
Columns marked A are actual filed results; E columns are the published consensus ranges the current price is being weighed against.
The four gauges: from the latest edition
BullScope coverage of Meta Platforms
- Meta is spending like a startup and priced like a blue chip. One of those has to give.
- The Margin That Vanished: Meta’s Q2 Call vs. the Filed Record
Read the full report on Meta Platforms in the BullScope Terminal → It opens with this company loaded.
Edition date: 2026-10-22. This page updates when a new edition is published. Sources: SEC EDGAR filings, Nasdaq prices; computed by BullScope’s published methodology.
