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Alphabet Inc. GOOGL Free cash flow margin

Free cash flow margin at other companies

International Business Machines logo
International Business MachinesIBM
18.7%-1.3pp
Apple logo
AppleAAPL
28.6%+4.0pp
Microsoft logo
MicrosoftMSFT
22.9%-2.8pp
Amazon logo
AmazonAMZN
1.4%-1.8pp
Marriott International logo
Marriott InternationalMAR
10.6%+3.3pp
Netflix logo
NetflixNFLX
25.4%+6.8pp

Other financials

Income statement

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Revenue$109.90B+21.8%
Gross profit$68.6B+27.4%
Operating income$39.7B+29.7%
Net income$62.6B+81.2%
EPS (diluted)$5.11+81.9%

Balance sheet

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Cash & equivalents$38.1B+63.6%
Total debt$97.9B+456%
Total equity$478.75B+38.7%
Total assets$703.92B+48.1%

Cash flow

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Operating cash flow$45.8B+26.7%
CapEx$35.7B+107%
Free cash flow$10.1B-46.6%

Valuation

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Market cap$4.42T+82.2%
Enterprise value$4.48T+85.9%
P/E27.6×+5.7×
P/S10.5×+3.7×

Profitability

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Gross margin60.4%+1.8pp
Operating margin32.7%0.0pp
Net margin37.9%+7.1pp

Returns & leverage

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Return on equity38.9%+4.1pp
Debt / equity0.2×+0.2×
Current ratio1.9×+0.2×

Where this comes from

Calculated from Alphabet Inc.’s reported figures.

Based on trailing twelve months.

The official record: Alphabet Inc.’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Alphabet Inc.'s free cash flow margin?
Alphabet Inc. (GOOGL) reported free cash flow margin of 15.2% in Q1 2026.
How has Alphabet Inc.'s free cash flow margin changed year-over-year?
Alphabet Inc.'s free cash flow margin decreased by 26.7% year-over-year, from 20.8% to 15.2%.
What is the long-term trend for Alphabet Inc.'s free cash flow margin?
Over 4 years (2021 to 2025), Alphabet Inc.'s free cash flow margin has grown at a -7.9% compound annual growth rate (CAGR), from 105.8% to 76.1%.
What does free cash flow margin mean?
How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?
A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?
Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.