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AI Cloud·GOOGL

Alphabet Inc.

NASDAQ · US

Parent of Google Cloud, a hyperscale cloud platform selling TPU, GPU, Vertex AI, and AI infrastructure capacity.

AI relevance

Major AI cloud provider with custom TPU infrastructure and broad model training, inference, and platform services.

AI Cloud AI Model Hyperscaler US

Price

$324.22

Change

-10.54 (-3.15%)

Market cap

$3.94T

52w range

$252–$409

Exchange

NASDAQ

Country

Jason's Chips

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Price chart

GOOGL market performance

Daily close for Alphabet Inc.

Latest close: $324.2
Range move: +$72.53 (+28.8%)
Range high: $402.6
Range low: $251.7
Latest volume: 27.7M
Source: FMP EOD

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Exports

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CSV

Income statement

12 annual rows

Revenue, gross profit, R&D, operating income, EBITDA, net income, and EPS.

Annual

Balance sheet

12 annual rows

Cash, receivables, inventory, PP&E, assets, debt, liabilities, and equity.

Annual

Cash flow

12 annual rows

Operating cash flow, capital expenditures, and free cash flow.

Annual

Key metrics

12 annual rows

Enterprise value, valuation multiples, returns, yields, and cash conversion.

Annual

Ratios

12 annual rows

Margins, liquidity ratios, valuation ratios, leverage, and per-share metrics.

Annual

Chart data

1254 rows

Five years of daily close and volume data powering the company chart.

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Transcript list

84 rows

Available earnings-call transcript dates by fiscal year and quarter.

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StreetBuy

Analyst expectations

Consensus target

$430.96

+32.9%

Target range

$350.00 - $485.00

Rating mix

Buy

83 ratings

Next FY revenue

$499.27B

2026-12-31

Next FY EPS

$20.58

$19.99 - $21.83

Rating consensus83 ratings

Strong buy

Buy

Hold

Sell

Strong sell

Annual estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-12-31	$499.27B	$489.93B - $511.41B	$20.58	$19.99 - $21.83	$335.01B	$304.34B	$255.73B	$67.87B	38 rev / 41 EPS
2027-12-31	$624.50B	$569.47B - $678.70B	$15.34	$14.39 - $16.56	$272.86B	$231.12B	$194.12B	$84.89B	36 rev / 40 EPS
2028-12-31	$757.03B	$658.96B - $894.28B	$18.31	$13.87 - $20.82	$323.79B	$269.53B	$226.44B	$102.91B	38 rev / 36 EPS
2029-12-31	$852.53B	$780.34B - $943.91B	$21.58	$19.21 - $24.59	$381.03B	$314.12B	$263.96B	$115.89B	28 rev / 17 EPS
2030-12-31	$978.91B	$896.02B - $1.08T	$25.69	$22.86 - $29.27	$454.26B	$373.76B	$314.15B	$133.07B	34 rev / 17 EPS

Quarterly estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-12-30	$142.44B	$136.08B - $150.61B	$3.36	$3.18 - $3.73	$58.14B	$49.91B	$41.41B	$19.36B	24 rev / 26 EPS
2027-03-30	$137.91B	$131.25B - $150.75B	$3.43	$3.21 - $3.84	$59.59B	$50.83B	$42.18B	$18.75B	12 rev / 12 EPS
2027-06-30	$148.70B	$141.52B - $162.55B	$3.61	$3.38 - $4.04	$62.80B	$53.44B	$44.38B	$20.21B	13 rev / 14 EPS
2027-09-30	$158.89B	$151.22B - $173.69B	$3.93	$3.68 - $4.40	$68.10B	$58.12B	$48.32B	$21.60B	12 rev / 12 EPS
2027-12-30	$174.12B	$165.72B - $190.35B	$4.31	$4.04 - $4.83	$74.47B	$63.79B	$53.08B	$23.67B	13 rev / 16 EPS
2028-03-30	$172.55B	$164.22B - $188.62B	$4.36	$4.09 - $4.89	$75.84B	$64.50B	$53.68B	$23.46B	16 rev / 17 EPS
2028-06-30	$185.11B	$176.18B - $202.36B	$4.57	$4.29 - $5.13	$79.67B	$67.62B	$56.31B	$25.16B	11 rev / 13 EPS
2028-09-30	$195.06B	$185.64B - $213.23B	$4.83	$4.53 - $5.42	$84.16B	$71.37B	$59.47B	$26.52B	16 rev / 19 EPS

Price target history

Window	Targets	Average target
Last month	4	$421.75
Last quarter	15	$428.53
Last year	94	$386.04
All time	276	$249.83

Sources: StreetInsider, Benzinga, MarketWatch, Pulse 2.0, Investing, TheStreet

Latest grade actions

Date	Firm	Action	Previous	New
2026-10-20	BMO Capital	Maintain	Outperform	Outperform
2026-10-19	Keybanc	Maintain	Overweight	Overweight
2026-10-15	JP Morgan	Maintain	Overweight	Overweight
2026-10-14	UBS	Maintain	Neutral	Neutral
2026-10-12	Cantor Fitzgerald	Maintain	Overweight	Overweight
2026-10-08	Needham	Maintain	Buy	Buy
2026-10-06	Wells Fargo	Maintain	Overweight	Overweight
2026-09-28	Piper Sandler	Maintain	Overweight	Overweight

Historical rating snapshots

Date	Strong buy	Buy	Hold
2026-10-01	13	44	5
2026-09-01	13	46	5
2026-08-01	13	46	6
2026-07-01	14	45	7
2026-06-01	14	44	7
2026-05-01	14	47	7
2026-04-01	13	50	7
2026-03-01	13	50	7

FinancialsFY 2025

Financials

Revenue

$402.84B

Gross margin

59.7%

Operating income

$129.16B

Free cash flow

$73.27B

Cash + ST investments

$126.84B

Net debt

$28.58B

ROE

31.8%

ROIC

21.8%

EV / sales

9.5x

EV / EBITDA

21.2x

R&D / revenue

15.2%

Current ratio

2.0x

Income statement annual

Period	Revenue	Gross profit	Gross margin	R&D	Operating income	EBITDA	Net income	EPS
FY 2025	$402.84B	$240.30B	59.7%	$61.09B	$129.16B	$180.70B	$132.17B	$10.91
FY 2024	$350.02B	$203.71B	58.2%	$49.33B	$112.39B	$135.39B	$100.12B	$8.13
FY 2023	$307.39B	$174.06B	56.6%	$45.43B	$84.29B	$97.97B	$73.80B	$5.84
FY 2022	$282.84B	$156.63B	55.4%	$39.50B	$74.84B	$85.16B	$59.97B	$4.59
FY 2021	$257.64B	$146.70B	56.9%	$31.56B	$78.71B	$103.52B	$76.03B	$5.69
FY 2020	$182.53B	$97.80B	53.6%	$27.57B	$41.22B	$61.91B	$40.27B	$2.96
FY 2019	$161.86B	$89.96B	55.6%	$26.02B	$34.23B	$51.51B	$34.34B	$2.48
FY 2018	$136.82B	$77.27B	56.5%	$21.42B	$27.52B	$44.06B	$30.74B	$2.21
FY 2017	$110.86B	$65.27B	58.9%	$16.63B	$26.18B	$34.22B	$12.66B	$0.91
FY 2016	$90.27B	$55.13B	61.1%	$13.95B	$23.72B	$30.42B	$19.48B	$1.42
FY 2015	$74.99B	$46.83B	62.4%	$12.28B	$19.36B	$24.82B	$16.35B	$1.16
FY 2014	$66.00B	$40.31B	61.1%	$9.83B	$16.50B	$22.34B	$14.14B	$1.07

Cash flow annual

Period	Operating cash flow	Capex	Free cash flow
FY 2025	$164.71B	$91.45B	$73.27B
FY 2024	$125.30B	$52.53B	$72.76B
FY 2023	$101.75B	$32.25B	$69.50B
FY 2022	$91.50B	$31.48B	$60.01B
FY 2021	$91.65B	$24.64B	$67.01B
FY 2020	$65.12B	$22.28B	$42.84B
FY 2019	$54.52B	$23.55B	$30.97B
FY 2018	$47.97B	$25.14B	$22.83B
FY 2017	$37.09B	$13.18B	$23.91B
FY 2016	$36.04B	$10.21B	$25.82B
FY 2015	$26.02B	$9.91B	$16.11B
FY 2014	$22.38B	$10.96B	$11.42B

Balance sheet annual

Period	Cash + ST inv.	Receivables	Inventory	PP&E	Assets	Debt	Net debt	Liabilities	Equity
FY 2025	$126.84B	$62.89B	$0	$261.82B	$595.28B	$59.29B	$28.58B	$180.02B	$415.26B
FY 2024	$95.66B	$52.34B	$0	$184.62B	$450.26B	$25.46B	$2.00B	$125.17B	$325.08B
FY 2023	$110.92B	$47.96B	$0	$148.44B	$402.39B	$27.12B	$3.07B	$119.01B	$283.38B
FY 2022	$113.76B	$40.26B	$2.67B	$127.05B	$365.26B	$29.68B	$7.80B	$109.12B	$256.14B
FY 2021	$139.65B	$39.30B	$1.17B	$110.56B	$359.27B	$28.51B	$7.56B	$107.63B	$251.63B
FY 2020	$136.69B	$31.38B	$728.0M	$96.96B	$319.62B	$26.77B	$307.0M	$97.07B	$222.54B
FY 2019	$119.67B	$27.49B	$999.0M	$84.59B	$275.91B	$15.97B	-$2.53B	$74.47B	$201.44B
FY 2018	$109.14B	$21.19B	$1.11B	$59.72B	$232.79B	$4.01B	-$12.69B	$55.16B	$177.63B
FY 2017	$101.87B	$18.70B	$749.0M	$42.38B	$197.29B	$3.97B	-$6.75B	$44.79B	$152.50B
FY 2016	$86.33B	$14.23B	$268.0M	$34.23B	$167.50B	$3.94B	-$8.98B	$28.46B	$139.04B
FY 2015	$73.07B	$11.56B	$491.0M	$29.02B	$147.46B	$5.22B	-$11.33B	$27.13B	$120.33B
FY 2014	$64.39B	$10.85B	$1.32B	$23.88B	$131.13B	$5.24B	-$13.11B	$26.63B	$104.50B

Annual ratios and key metrics

Period	Gross margin	Op margin	Net margin	Current	Quick	ROE	ROIC	EV / sales	EV / EBITDA	FCF yield	R&D / rev.	Cash cycle
FY 2025	59.7%	32.1%	32.8%	2.0x	2.0x	31.8%	21.8%	9.5x	21.2x	1.9%	15.2%	30d
FY 2024	58.2%	32.1%	28.6%	1.8x	1.8x	30.8%	25.8%	6.7x	17.3x	3.1%	14.1%	35d
FY 2023	56.6%	27.4%	24.0%	2.1x	2.1x	26.0%	22.4%	5.8x	18.2x	3.9%	14.8%	36d
FY 2022	55.4%	26.5%	21.2%	2.4x	2.3x	23.4%	21.1%	4.1x	13.7x	5.2%	14.0%	45d
FY 2021	56.9%	30.6%	29.5%	2.9x	2.9x	30.2%	22.2%	7.5x	18.7x	3.5%	12.3%	40d
FY 2020	53.6%	22.6%	22.1%	3.1x	3.1x	18.1%	13.1%	6.5x	19.3x	3.6%	15.1%	42d
FY 2019	55.6%	21.1%	21.2%	3.4x	3.4x	17.0%	12.8%	5.7x	17.9x	3.3%	16.1%	39d
FY 2018	56.5%	20.1%	22.5%	3.9x	3.9x	17.3%	12.2%	5.2x	16.0x	3.2%	15.7%	36d
FY 2017	58.9%	23.6%	11.4%	5.1x	5.1x	8.3%	7.0%	6.5x	21.0x	3.3%	15.0%	42d
FY 2016	61.1%	26.3%	21.6%	6.3x	6.3x	14.0%	12.7%	5.8x	17.2x	4.9%	15.5%	39d
FY 2015	62.4%	25.8%	21.8%	4.7x	4.6x	13.6%	12.3%	6.8x	20.5x	3.1%	16.4%	38d
FY 2014	61.1%	25.0%	21.4%	4.8x	4.7x	13.5%	11.2%	5.2x	15.3x	3.2%	14.9%	54d

Annual growth

Period	Revenue	Gross profit	R&D	Op income	Net income	EPS	FCF	Capex	Cash + ST inv.	Inventory	Assets	Debt
FY 2025	+15.1%	+18.0%	+23.8%	+14.9%	+32.0%	+34.2%	+0.7%	-74.1%	+32.6%	0.0%	+32.2%	+132.9%
FY 2024	+13.9%	+17.0%	+8.6%	+33.3%	+35.7%	+39.2%	+4.7%	-62.9%	-13.8%	0.0%	+11.9%	-6.1%
FY 2023	+8.7%	+11.1%	+15.0%	+12.6%	+23.0%	+27.2%	+15.8%	-2.4%	-2.5%	-100.0%	+10.2%	-8.6%
FY 2022	+9.8%	+6.8%	+25.2%	-4.9%	-21.1%	-19.3%	-10.4%	-27.8%	-18.5%	+128.2%	+1.7%	+4.1%
FY 2021	+41.2%	+50.0%	+14.5%	+90.9%	+88.8%	+92.2%	+56.4%	-10.6%	+2.2%	+60.7%	+12.4%	+6.5%
FY 2020	+12.8%	+8.7%	+6.0%	+20.4%	+17.3%	+19.4%	+38.3%	+5.4%	+14.2%	-27.1%	+15.8%	+67.7%
FY 2019	+18.3%	+16.4%	+21.5%	+24.4%	+11.7%	+12.2%	+35.7%	+6.3%	+9.7%	-9.8%	+18.5%	+298.0%
FY 2018	+23.4%	+18.4%	+28.8%	+5.1%	+142.7%	+142.9%	-4.5%	-90.7%	+7.1%	+47.8%	+18.0%	+1.1%
FY 2017	+22.8%	+18.4%	+19.2%	+10.4%	-35.0%	-35.9%	-7.4%	-29.1%	+18.0%	+179.5%	+17.8%	+0.9%
FY 2016	+20.4%	+17.7%	+13.6%	+22.5%	+19.1%	+22.4%	+60.3%	-3.0%	+18.2%	-45.4%	+13.6%	-24.6%
FY 2015	+13.6%	+16.2%	+24.9%	+17.4%	+15.6%	+8.4%	+41.1%	+9.5%	+13.5%	-62.9%	+12.5%	-0.3%
FY 2014	+18.9%	+20.2%	+37.8%	+7.1%	+11.0%	+10.3%	+1.0%	-48.9%	+9.7%	+210.3%	+18.2%	-0.2%

SegmentsFY 2025

Revenue Mix

Period	Total	Google Search & other	Google Network	Google subscriptions, platforms, and devices	YouTube ads	Google Cloud	Google properties	Google Properties	Google other	Google Network Members' Properties	Other Bets	Google Other Revenues	Hedging gains (losses)	Other Bets Revenues
FY 2025	$402.84B	$224.53B	$29.79B	$48.03B	$40.37B	$58.70B	--	--	--	--	$1.54B	--	-$127.0M	--
FY 2024	$350.02B	$198.08B	$30.36B	$40.34B	$36.15B	$43.23B	--	--	--	--	$1.65B	--	$211.0M	--
FY 2023	$307.39B	$175.03B	$31.31B	$34.69B	$31.51B	$33.09B	--	--	--	--	$1.53B	--	$236.0M	--
FY 2022	$282.84B	$162.45B	$32.78B	$29.05B	$29.24B	$26.28B	--	--	--	--	$1.07B	--	$1.96B	--
FY 2021	$257.64B	$148.95B	$31.70B	$28.03B	$28.84B	$19.21B	--	--	--	--	$753.0M	--	$149.0M	--
FY 2020	$182.53B	$104.06B	$23.09B	$21.71B	$19.77B	$13.06B	--	--	--	--	$657.0M	--	$176.0M	--
FY 2019	$161.86B	$98.11B	$21.55B	$17.01B	$15.15B	$8.92B	--	--	--	--	$659.0M	--	$455.0M	--
FY 2018	$136.82B	$85.30B	$20.01B	$14.06B	$11.15B	$5.84B	--	--	--	--	$595.0M	--	-$138.0M	--
FY 2017	$110.86B	--	$17.59B	--	--	--	$77.79B	--	$15.00B	--	$477.0M	--	--	--
FY 2016	$90.27B	--	$15.60B	--	--	--	$63.78B	--	$10.60B	--	$288.0M	--	--	--
FY 2015	$74.99B	--	--	--	--	--	--	$52.36B	--	$15.03B	--	$7.15B	--	$445.0M

Period	Total	UNITED STATES	EMEA	Asia Pacific	Americas Excluding United States
FY 2025	$402.84B	$194.21B	$117.05B	$67.68B	$23.90B
FY 2024	$349.81B	$170.45B	$102.13B	$56.81B	$20.42B
FY 2023	$307.16B	$146.29B	$91.04B	$51.51B	$18.32B
FY 2022	$280.88B	$134.81B	$82.06B	$47.02B	$16.98B
FY 2021	$257.49B	$117.85B	$79.11B	$46.12B	$14.40B
FY 2020	$182.35B	$85.01B	$55.37B	$32.55B	$9.42B
FY 2019	$161.40B	$74.84B	$50.65B	$26.93B	$8.99B
FY 2018	$136.82B	$63.27B	$44.57B	$21.37B	$7.61B
FY 2017	$110.86B	$52.45B	$36.05B	$16.23B	$6.13B
FY 2016	$90.27B	$42.78B	$30.30B	$12.56B	$4.63B
FY 2015	$74.99B	$34.81B	$26.37B	$9.89B	$3.92B

Transcripts

Events

Next earnings

2026-10-28EPS est $2.96

Recent filings

42026-10-15
42026-10-02
42026-09-29

Latest news

Should You Buy Alphabet Stock Before the Huge Investor Update?
The Motley Fool · 2026-10-22
ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Alphabet Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - GOOGL, GOOG
Newsfile Corp · 2026-10-22

Analyst expectations

Consensus target

$430.96

+32.9%

Target range

$350.00 - $485.00

Rating mix

Buy

83 ratings

Next FY revenue

$499.27B

2026-12-31

Next FY EPS

$20.58

$19.99 - $21.83

Rating consensus83 ratings

Strong buy

Buy

Hold

Sell

Strong sell

Annual estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-12-31	$499.27B	$489.93B - $511.41B	$20.58	$19.99 - $21.83	$335.01B	$304.34B	$255.73B	$67.87B	38 rev / 41 EPS
2027-12-31	$624.50B	$569.47B - $678.70B	$15.34	$14.39 - $16.56	$272.86B	$231.12B	$194.12B	$84.89B	36 rev / 40 EPS
2028-12-31	$757.03B	$658.96B - $894.28B	$18.31	$13.87 - $20.82	$323.79B	$269.53B	$226.44B	$102.91B	38 rev / 36 EPS
2029-12-31	$852.53B	$780.34B - $943.91B	$21.58	$19.21 - $24.59	$381.03B	$314.12B	$263.96B	$115.89B	28 rev / 17 EPS
2030-12-31	$978.91B	$896.02B - $1.08T	$25.69	$22.86 - $29.27	$454.26B	$373.76B	$314.15B	$133.07B	34 rev / 17 EPS

Quarterly estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-12-30	$142.44B	$136.08B - $150.61B	$3.36	$3.18 - $3.73	$58.14B	$49.91B	$41.41B	$19.36B	24 rev / 26 EPS
2027-03-30	$137.91B	$131.25B - $150.75B	$3.43	$3.21 - $3.84	$59.59B	$50.83B	$42.18B	$18.75B	12 rev / 12 EPS
2027-06-30	$148.70B	$141.52B - $162.55B	$3.61	$3.38 - $4.04	$62.80B	$53.44B	$44.38B	$20.21B	13 rev / 14 EPS
2027-09-30	$158.89B	$151.22B - $173.69B	$3.93	$3.68 - $4.40	$68.10B	$58.12B	$48.32B	$21.60B	12 rev / 12 EPS
2027-12-30	$174.12B	$165.72B - $190.35B	$4.31	$4.04 - $4.83	$74.47B	$63.79B	$53.08B	$23.67B	13 rev / 16 EPS
2028-03-30	$172.55B	$164.22B - $188.62B	$4.36	$4.09 - $4.89	$75.84B	$64.50B	$53.68B	$23.46B	16 rev / 17 EPS
2028-06-30	$185.11B	$176.18B - $202.36B	$4.57	$4.29 - $5.13	$79.67B	$67.62B	$56.31B	$25.16B	11 rev / 13 EPS
2028-09-30	$195.06B	$185.64B - $213.23B	$4.83	$4.53 - $5.42	$84.16B	$71.37B	$59.47B	$26.52B	16 rev / 19 EPS

Price target history

Window	Targets	Average target
Last month	4	$421.75
Last quarter	15	$428.53
Last year	94	$386.04
All time	276	$249.83

Sources: StreetInsider, Benzinga, MarketWatch, Pulse 2.0, Investing, TheStreet

Latest grade actions

Date	Firm	Action	Previous	New
2026-10-20	BMO Capital	Maintain	Outperform	Outperform
2026-10-19	Keybanc	Maintain	Overweight	Overweight
2026-10-15	JP Morgan	Maintain	Overweight	Overweight
2026-10-14	UBS	Maintain	Neutral	Neutral
2026-10-12	Cantor Fitzgerald	Maintain	Overweight	Overweight
2026-10-08	Needham	Maintain	Buy	Buy
2026-10-06	Wells Fargo	Maintain	Overweight	Overweight
2026-09-28	Piper Sandler	Maintain	Overweight	Overweight

Historical rating snapshots

Date	Strong buy	Buy	Hold
2026-10-01	13	44	5
2026-09-01	13	46	5
2026-08-01	13	46	6
2026-07-01	14	45	7
2026-06-01	14	44	7
2026-05-01	14	47	7
2026-04-01	13	50	7
2026-03-01	13	50	7

Financials

Revenue

$402.84B

Gross margin

59.7%

Operating income

$129.16B

Free cash flow

$73.27B

Cash + ST investments

$126.84B

Net debt

$28.58B

ROE

31.8%

ROIC

21.8%

EV / sales

9.5x

EV / EBITDA

21.2x

R&D / revenue

15.2%

Current ratio

2.0x

Income statement annual

Period	Revenue	Gross profit	Gross margin	R&D	Operating income	EBITDA	Net income	EPS
FY 2025	$402.84B	$240.30B	59.7%	$61.09B	$129.16B	$180.70B	$132.17B	$10.91
FY 2024	$350.02B	$203.71B	58.2%	$49.33B	$112.39B	$135.39B	$100.12B	$8.13
FY 2023	$307.39B	$174.06B	56.6%	$45.43B	$84.29B	$97.97B	$73.80B	$5.84
FY 2022	$282.84B	$156.63B	55.4%	$39.50B	$74.84B	$85.16B	$59.97B	$4.59
FY 2021	$257.64B	$146.70B	56.9%	$31.56B	$78.71B	$103.52B	$76.03B	$5.69
FY 2020	$182.53B	$97.80B	53.6%	$27.57B	$41.22B	$61.91B	$40.27B	$2.96
FY 2019	$161.86B	$89.96B	55.6%	$26.02B	$34.23B	$51.51B	$34.34B	$2.48
FY 2018	$136.82B	$77.27B	56.5%	$21.42B	$27.52B	$44.06B	$30.74B	$2.21
FY 2017	$110.86B	$65.27B	58.9%	$16.63B	$26.18B	$34.22B	$12.66B	$0.91
FY 2016	$90.27B	$55.13B	61.1%	$13.95B	$23.72B	$30.42B	$19.48B	$1.42
FY 2015	$74.99B	$46.83B	62.4%	$12.28B	$19.36B	$24.82B	$16.35B	$1.16
FY 2014	$66.00B	$40.31B	61.1%	$9.83B	$16.50B	$22.34B	$14.14B	$1.07

Cash flow annual

Period	Operating cash flow	Capex	Free cash flow
FY 2025	$164.71B	$91.45B	$73.27B
FY 2024	$125.30B	$52.53B	$72.76B
FY 2023	$101.75B	$32.25B	$69.50B
FY 2022	$91.50B	$31.48B	$60.01B
FY 2021	$91.65B	$24.64B	$67.01B
FY 2020	$65.12B	$22.28B	$42.84B
FY 2019	$54.52B	$23.55B	$30.97B
FY 2018	$47.97B	$25.14B	$22.83B
FY 2017	$37.09B	$13.18B	$23.91B
FY 2016	$36.04B	$10.21B	$25.82B
FY 2015	$26.02B	$9.91B	$16.11B
FY 2014	$22.38B	$10.96B	$11.42B

Balance sheet annual

Period	Cash + ST inv.	Receivables	Inventory	PP&E	Assets	Debt	Net debt	Liabilities	Equity
FY 2025	$126.84B	$62.89B	$0	$261.82B	$595.28B	$59.29B	$28.58B	$180.02B	$415.26B
FY 2024	$95.66B	$52.34B	$0	$184.62B	$450.26B	$25.46B	$2.00B	$125.17B	$325.08B
FY 2023	$110.92B	$47.96B	$0	$148.44B	$402.39B	$27.12B	$3.07B	$119.01B	$283.38B
FY 2022	$113.76B	$40.26B	$2.67B	$127.05B	$365.26B	$29.68B	$7.80B	$109.12B	$256.14B
FY 2021	$139.65B	$39.30B	$1.17B	$110.56B	$359.27B	$28.51B	$7.56B	$107.63B	$251.63B
FY 2020	$136.69B	$31.38B	$728.0M	$96.96B	$319.62B	$26.77B	$307.0M	$97.07B	$222.54B
FY 2019	$119.67B	$27.49B	$999.0M	$84.59B	$275.91B	$15.97B	-$2.53B	$74.47B	$201.44B
FY 2018	$109.14B	$21.19B	$1.11B	$59.72B	$232.79B	$4.01B	-$12.69B	$55.16B	$177.63B
FY 2017	$101.87B	$18.70B	$749.0M	$42.38B	$197.29B	$3.97B	-$6.75B	$44.79B	$152.50B
FY 2016	$86.33B	$14.23B	$268.0M	$34.23B	$167.50B	$3.94B	-$8.98B	$28.46B	$139.04B
FY 2015	$73.07B	$11.56B	$491.0M	$29.02B	$147.46B	$5.22B	-$11.33B	$27.13B	$120.33B
FY 2014	$64.39B	$10.85B	$1.32B	$23.88B	$131.13B	$5.24B	-$13.11B	$26.63B	$104.50B

Annual ratios and key metrics

Period	Gross margin	Op margin	Net margin	Current	Quick	ROE	ROIC	EV / sales	EV / EBITDA	FCF yield	R&D / rev.	Cash cycle
FY 2025	59.7%	32.1%	32.8%	2.0x	2.0x	31.8%	21.8%	9.5x	21.2x	1.9%	15.2%	30d
FY 2024	58.2%	32.1%	28.6%	1.8x	1.8x	30.8%	25.8%	6.7x	17.3x	3.1%	14.1%	35d
FY 2023	56.6%	27.4%	24.0%	2.1x	2.1x	26.0%	22.4%	5.8x	18.2x	3.9%	14.8%	36d
FY 2022	55.4%	26.5%	21.2%	2.4x	2.3x	23.4%	21.1%	4.1x	13.7x	5.2%	14.0%	45d
FY 2021	56.9%	30.6%	29.5%	2.9x	2.9x	30.2%	22.2%	7.5x	18.7x	3.5%	12.3%	40d
FY 2020	53.6%	22.6%	22.1%	3.1x	3.1x	18.1%	13.1%	6.5x	19.3x	3.6%	15.1%	42d
FY 2019	55.6%	21.1%	21.2%	3.4x	3.4x	17.0%	12.8%	5.7x	17.9x	3.3%	16.1%	39d
FY 2018	56.5%	20.1%	22.5%	3.9x	3.9x	17.3%	12.2%	5.2x	16.0x	3.2%	15.7%	36d
FY 2017	58.9%	23.6%	11.4%	5.1x	5.1x	8.3%	7.0%	6.5x	21.0x	3.3%	15.0%	42d
FY 2016	61.1%	26.3%	21.6%	6.3x	6.3x	14.0%	12.7%	5.8x	17.2x	4.9%	15.5%	39d
FY 2015	62.4%	25.8%	21.8%	4.7x	4.6x	13.6%	12.3%	6.8x	20.5x	3.1%	16.4%	38d
FY 2014	61.1%	25.0%	21.4%	4.8x	4.7x	13.5%	11.2%	5.2x	15.3x	3.2%	14.9%	54d

Annual growth

Period	Revenue	Gross profit	R&D	Op income	Net income	EPS	FCF	Capex	Cash + ST inv.	Inventory	Assets	Debt
FY 2025	+15.1%	+18.0%	+23.8%	+14.9%	+32.0%	+34.2%	+0.7%	-74.1%	+32.6%	0.0%	+32.2%	+132.9%
FY 2024	+13.9%	+17.0%	+8.6%	+33.3%	+35.7%	+39.2%	+4.7%	-62.9%	-13.8%	0.0%	+11.9%	-6.1%
FY 2023	+8.7%	+11.1%	+15.0%	+12.6%	+23.0%	+27.2%	+15.8%	-2.4%	-2.5%	-100.0%	+10.2%	-8.6%
FY 2022	+9.8%	+6.8%	+25.2%	-4.9%	-21.1%	-19.3%	-10.4%	-27.8%	-18.5%	+128.2%	+1.7%	+4.1%
FY 2021	+41.2%	+50.0%	+14.5%	+90.9%	+88.8%	+92.2%	+56.4%	-10.6%	+2.2%	+60.7%	+12.4%	+6.5%
FY 2020	+12.8%	+8.7%	+6.0%	+20.4%	+17.3%	+19.4%	+38.3%	+5.4%	+14.2%	-27.1%	+15.8%	+67.7%
FY 2019	+18.3%	+16.4%	+21.5%	+24.4%	+11.7%	+12.2%	+35.7%	+6.3%	+9.7%	-9.8%	+18.5%	+298.0%
FY 2018	+23.4%	+18.4%	+28.8%	+5.1%	+142.7%	+142.9%	-4.5%	-90.7%	+7.1%	+47.8%	+18.0%	+1.1%
FY 2017	+22.8%	+18.4%	+19.2%	+10.4%	-35.0%	-35.9%	-7.4%	-29.1%	+18.0%	+179.5%	+17.8%	+0.9%
FY 2016	+20.4%	+17.7%	+13.6%	+22.5%	+19.1%	+22.4%	+60.3%	-3.0%	+18.2%	-45.4%	+13.6%	-24.6%
FY 2015	+13.6%	+16.2%	+24.9%	+17.4%	+15.6%	+8.4%	+41.1%	+9.5%	+13.5%	-62.9%	+12.5%	-0.3%
FY 2014	+18.9%	+20.2%	+37.8%	+7.1%	+11.0%	+10.3%	+1.0%	-48.9%	+9.7%	+210.3%	+18.2%	-0.2%

Revenue Mix