Alphabet Inc. GOOGL Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 60.4%+0.7pp | 59.7%+0.5pp | 59.2%+0.2pp | 58.9%+0.4pp | 58.6%+0.4pp | |
| Operating margin | 32.7%+0.7pp | 32%-0.2pp | 32.2%-0.5pp | 32.7%0.0pp | 32.7%+0.6pp | |
| Net margin | 37.9%+5.1pp | 32.8%+0.6pp | 32.2%+1.1pp | 31.1%+0.3pp | 30.9%+2.3pp | |
| EBITDA margin | 38.2%+0.9pp | 37.3%+0.1pp | 37.2%-0.2pp | 37.4%+0.2pp | 37.2%+0.7pp | |
| Free cash flow margin | 15.2%-2.9pp | 18.2%-0.9pp | 19.1%+1.1pp | 18%-2.9pp | 20.8%0.0pp | |
| Returns | ||||||
| Return on equity | 38.9%+3.2pp | 35.7%+0.3pp | 35.5%+0.6pp | 34.8%0.0pp | 34.8%+1.9pp | |
| Return on assets | 27.2%+1.9pp | 25.3%-0.4pp | 25.7%+0.5pp | 25.2%+0.1pp | 25.1%+1.7pp | |
| Return on invested capital | 25.9%-1.6pp | 27.5%-0.8pp | 28.3%-1.5pp | 29.8%-1.5pp | 31.3%+0.4pp | |
| Efficiency | ||||||
| Asset turnover | 0.7×-0.1× | 0.8×0.0× | 0.8×0.0× | 0.8×0.0× | 0.8×0.0× | |
| Liquidity | ||||||
| Current ratio | 1.9×-0.1× | 2×+0.3× | 1.7×-0.2× | 1.9×+0.1× | 1.8×-0.1× | |
| Quick ratio | 1.9×-0.1× | 2×+0.3× | 1.7×-0.2× | 1.9×+0.1× | 1.8×-0.1× | |
| Cash ratio | 0.3×0.0× | 0.3×+0.1× | 0.2×0.0× | 0.2×0.0× | 0.3×0.0× | |
| Leverage | ||||||
| Debt-to-equity | 0.2×0.0× | 0.2×+0.1× | 0.1×0.0× | 0.1×+0.1× | 0.1×0.0× | |
| Debt-to-assets | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | 0×0.0× | |
| Net debt / EBITDA | 0.4×+0.1× | 0.2×+0.1× | 0.1×0.0× | 0.1×+0.2× | -0×-0.1× | |
| Valuation | ||||||
| Market capitalization | $3.47T-8.4% | $3.79T+28.6% | $2.95T+44.7% | $2.04T+6.9% | $1.9T-18.3% | |
| Enterprise value | $3.53T-7.7% | $3.82T+29.0% | $2.96T+44.1% | $2.06T+8.3% | $1.9T-18.7% | |
| Price / earnings | 21.7×-7.0× | 28.6×+4.9× | 23.7×+6.1× | 17.6×+0.5× | 17.2×-6.1× | |
| Price / sales | 8.2×-1.2× | 9.4×+1.8× | 7.6×+2.2× | 5.5×+0.2× | 5.3×-1.4× | |
| Price / book | 7.2×-1.9× | 9.1×+1.5× | 7.6×+2.0× | 5.6×+0.1× | 5.5×-1.7× | |
| EV / EBITDA | 21.9×-3.6× | 25.5×+4.8× | 20.7×+5.9× | 14.8×+0.6× | 14.2×-4.1× | |
| EV / sales | 8.4×-1.1× | 9.5×+1.8× | 7.7×+2.2× | 5.5×+0.3× | 5.3×-1.4× | |
| Free cash flow yield | 1.9%-0.1pp | 1.9%-0.6pp | 2.5%-0.8pp | 3.3%-0.7pp | 3.9%+0.8pp | |
| Earnings yield | 4.6%+1.1pp | 3.5%-0.7pp | 4.2%-1.5pp | 5.7%-0.2pp | 5.8%+1.5pp | |
| Dividend yield | 0.3%0.0pp | 0.3%-0.1pp | 0.3%-0.1pp | 0.5%0.0pp | 0.5%+0.2pp | |
| PEG ratio | 0.5×-0.4× | 0.9×+0.1× | 0.7×+0.2× | 0.6×+0.1× | 0.5×-0.2× |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Alphabet Inc.'s profit margins?
- Alphabet Inc. (GOOGL) runs a 60.4% gross margin and a 32.7% operating margin, with a 37.9% net margin.
- Where do Alphabet Inc.'s ratios come from?
- Every ratio is computed from Alphabet Inc.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
