Snap SNAP Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 55.8%+1.7pp | 55%+1.1pp | 54.3%+1.2pp | 53.8%+0.8pp | 54.1%+0.8pp | |
| Operating margin | -7.6%+4.1pp | -9.8%+4.9pp | -10.5%+9.0pp | -11.6%+12.8pp | -11.7%+16.7pp | |
| Net margin | -7.5%+2.3pp | -8.5%+4.7pp | -8.8%+9.7pp | -9.9%+13.6pp | -9.8%+17.2pp | |
| EBITDA margin | -4.8%+4.1pp | -7.1%+4.7pp | -7.8%+8.5pp | -8.8%+12.1pp | -8.9%+15.8pp | |
| Free cash flow margin | 10%+4.6pp | 7.4%+3.3pp | 7.2%+4.3pp | 7%+6.7pp | 5.3%+6.0pp | |
| Returns | ||||||
| Return on equity | -20.7%+3.7pp | -21.4%+7.7pp | -22.8%+17.8pp | -26.9%+24.3pp | -24.4%+30.8pp | |
| Return on assets | -6%+1.3pp | -6.5%+2.4pp | -6.7%+5.8pp | -7.5%+8.0pp | -7.3%+9.9pp | |
| Return on invested capital | -8.5%+9.3pp | -10.5%+12.4pp | -16.7%+39.7pp | -18.7%+54.2pp | -17.8%+70.9pp | |
| Efficiency | ||||||
| Asset turnover | 0.8×+0.1× | 0.8×+0.1× | 0.8×+0.1× | 0.8×+0.1× | 0.7×+0.1× | |
| Liquidity | ||||||
| Current ratio | 3.5×-0.8× | 3.6×-0.4× | 3.7×-0.4× | 3.9×-0.1× | 4.3×+0.5× | |
| Quick ratio | 3.5×-0.8× | 3.6×-0.4× | 3.7×-0.4× | 3.9×-0.1× | 4.3×+0.5× | |
| Cash ratio | 0.9×0.0× | 0.8×0.0× | 0.8×-0.1× | 0.8×-0.1× | 0.9×-0.1× | |
| Leverage | ||||||
| Debt-to-equity | 2×+0.2× | 1.8×+0.1× | 1.9×+1.6× | 2×+1.7× | 1.8×+1.5× | |
| Debt-to-assets | 0.6×0.0× | 0.5×0.0× | 0.5×+0.5× | 0.6×+0.5× | 0.6×+0.5× | |
| Interest coverage | -3.4×+12.7× | -4.8×+31.8× | -6.7×+41.4× | -10.4×+48.5× | -16.1×+49.3× | |
| Per Share | ||||||
| Book value per share | $1.24-9.4% | $1.35-8.9% | $1.31-1.2% | $1.24-1.7% | $1.36+5.3% | |
| Valuation | ||||||
| Market capitalization | $7.77B-47.4% | $13.88B-23.2% | $13.03B-26.0% | $13.9B-49.2% | $14.78B-21.9% | |
| Enterprise value | $10.91B-39.6% | $16.99B-20.1% | $16.23B-6.0% | $17.17B-36.3% | $18.07B-2.0% | |
| Price / sales | 1.3×-1.4× | 2.3×-1.0× | 2.3×-1.1× | 2.5×-3.0× | 2.7×-1.3× | |
| Price / book | 3.7×-2.7× | 6.1×-1.3× | 5.8×-2.1× | 6.7×-6.5× | 6.4×-2.5× | |
| EV / sales | 1.8×-1.5× | 2.9×-1.1× | 2.8×-0.5× | 3×-2.4× | 3.3×-0.6× | |
| Free cash flow yield | 7.8%+5.8pp | 3.2%+1.9pp | 3.2%+2.3pp | 2.8%+2.8pp | 2%+2.2pp | |
| Earnings yield | -5.9%-2.2pp | -3.6%+0.3pp | -3.9%+1.5pp | -4%+0.3pp | -3.7%+3.2pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Snap's profit margins?
- Snap (SNAP) runs a 55.8% gross margin and a -7.6% operating margin, with a -7.5% 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.
