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 $23.7 for each $1 of Meta Platforms’s annual profit (a price-to-earnings ratio of 23.7). Across its own past decade the typical price tag was 28.8, which puts today at roughly the 24th percentile of the company’s own history.
The tape: what the stock itself has done
- Last price: $587.94 · 26% below its 52-week high
- Past 6 months: -16.8% · past 12 months: -21.6%
- Day-to-day temperament: jumpy (annualized volatility 38%)
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 310 |
| Net sales growth (%) | +21.0 | +22.0 | +22.2 | 18 to 25 | 14 to 20 |
| Operating margin (%) | 34.7 | 42.2 | 41.4 | 34 to 40 | 36 to 44 |
| Diluted EPS ($) | 14.87 | 23.86 | 23.49 | 26 to 35 | 28 to 42 |
| R&D ($B) | 38.5 | 43.9 | 57.4 | 65 to 72 | 70 to 82 |
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
Read the full report on Meta Platforms in the BullScope Terminal → It opens with this company loaded.
Edition date: 2026-07-31. This page updates when a new edition is published. Sources: SEC EDGAR filings, Nasdaq prices; computed by BullScope’s published methodology.
