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Snap SNAP Ratios & Valuation

Q2 '26Q1 '26Q4 '25Q3 '25Q2 '25
Profitability
Gross margin57.3%+3.5pp55.8%+1.7pp55%+1.1pp54.3%+1.2pp53.8%+0.8pp
Operating margin-5.9%+5.7pp-7.6%+4.1pp-9.8%+4.9pp-10.5%+9.0pp-11.6%+12.8pp
Net margin-5.6%+4.2pp-7.5%+2.3pp-8.5%+4.7pp-8.8%+9.7pp-9.9%+13.6pp
Returns
Return on equity-17.8%+9.0pp-20.7%+3.7pp-21.4%+7.7pp-22.8%+17.8pp-26.9%+24.3pp
Return on invested capital-7.1%+11.6pp-8.5%+9.3pp-10.5%+12.4pp-16.7%+39.7pp-18.7%+54.2pp
Efficiency
Asset turnover0.9×+0.1×0.8×+0.1×0.8×+0.1×0.8×+0.1×0.8×+0.1×
Liquidity
Current ratio2.9×-0.9×3.5×-0.8×3.6×-0.4×3.7×-0.4×3.9×-0.1×
Leverage
Debt-to-equity2.2×+0.2×+0.2×1.8×+0.1×1.9×+1.6×+1.7×
Per Share
Book value per share$1.16-6.2%$1.24-9.4%$1.35-8.9%$1.31-1.2%$1.24-1.7%
Valuation
Market capitalization$9.01B-31.4%$7.77B-47.4%$13.88B-23.2%$13.03B-26.0%$13.9B-49.2%
Price / sales1.4×-0.9×1.3×-1.4×2.3×-1.0×2.3×-1.1×2.5×-3.0×
Price / book4.7×-1.7×3.7×-2.7×6.1×-1.3×5.8×-2.1×6.7×-6.5×

FAQ

What are Snap's profit margins?
Snap (SNAP) runs a 57.3% gross margin and a -5.9% operating margin, with a -5.6% net margin.
Where do Snap's ratios come from?
Every ratio is computed from Snap'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.