Meta Platforms $META Read from its own SEC filings · nothing written, nothing inferred
🫧 Edgar looked up Meta Platforms, Inc. ($META). Last filing: 10-Q, 2026-07-30. 11 event filings (8-K) in the past twelve months.
🔖 Exposure: revenue $201.0B (FY2025), total debt $58.7B. Experience: revenue up 22.2% on the year, up 14.3% a year over 4 years; operating margin 41.4%, down from 42.2%. Soundness: equity 59.4% of assets, return on equity 27.8%, payout 8.8% of profit, dividend per share up 1 year running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $209.3B and $263.5B next year (method v4.1: its own 4-year record of growth weighed at 50% against $10B+ filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $189.1B to $289.0B. A statistical range, not company guidance. Against peers (40 filers, $50M+ revenue, services-computer programming, data processing, etc.): operating margin 41.4% against a 2.9% median; growth 22.2% against 5.7%.
Gold paid out, navy kept. Kept share × return on equity = the growth it can fund itself. Facts from the filings, not a recommendation.
Speed and cash · fiscal 2025
Both views must agree for a label · a description, not advice.
| Cash flow (op · inv · fin · free) | $115.8B · −$102.0B · −$20.4B · $46.1B |
| Investment book (cash · short · long) | $35.9B · $13.0B · $26.7B · current ratio 2.60 |
| Revenue swing · equity of assets | 10.0% · 59.4% |
Meta Platforms is growing faster than its size class, with revenue that swings more. Its own audited SEC figures.
The figures, as filed
| Fiscal year end | 2025-12-31 |
| Revenue | $201.0B |
| Revenue, on the year | 22.2% |
| Revenue, a year over the record | 14.3% |
| Operating margin | 41.4% |
| Operating margin, prior year | 42.2% |
| Net margin | 30.1% |
| Research and development | $57.4B · 28.5% of revenue |
| Total debt | $58.7B |
| Equity of assets | 59.4% |
| Return on equity | 27.8% |
| Payout of profit | 8.8% |
| Dividend per share | $2.1 · up 1 year running |
| Earnings per share | $23.98 |
| Book value per share | $84.40 |
| Revenue per share | $78.08 |
| Shares outstanding | 2,574,000,000 |
| Audited years read | 5 |
Peers: the median of 40 filers with $50M+ revenue in services-computer programming, data processing, etc..
Health HarborMeta Platforms sails as: New ship
Health watch · 12 monthsDirector or officer change ×3
Sailing speed follows growth: 19.9% a year crosses the harbor in 30 seconds.
🌊 Visit the Bay →No warning signs on the measures below.
Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider. A picture of the signs, not a rating and not investment advice.
- 10-Q · 2026-07-30
- 8-K · 2026-07-29 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits
- 8-K · 2026-05-29 · 5.07 Submission of Matters to a Vote of Security Holders
- 8-K · 2026-05-04 · 8.01 Other Events; 9.01 Financial Statements and Exhibits
- 10-Q · 2026-04-30
- 8-K · 2026-04-29 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits
Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price. Reporting, not investment advice. No price targets and no trading recommendations. Figures from the SEC’s own data · every filing · this page as JSON · ask about another company