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.

Snap SNAP Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Profitability
Gross margin	55%+1.1pp	53.9%-0.3pp	54.1%-6.5pp	60.6%+3.1pp
Operating margin	-9.8%+4.9pp	-14.7%+15.7pp	-30.4%0.0pp	-30.3%-13.3pp
Net margin	-8.5%+4.7pp	-13.2%+15.5pp	-28.7%+2.4pp	-31.1%-18.7pp
EBITDA margin	-7.1%+4.7pp	-11.7%+15.0pp	-26.7%-0.8pp	-25.9%-11.8pp
Free cash flow margin	7.4%+3.3pp	4.1%+3.3pp	0.8%-0.4pp	1.2%-4.2pp
Returns
Return on equity	-21.4%+7.7pp	-29.1%+23.9pp	-53%-8.1pp	-44.9%-28.2pp
Return on assets	-6.5%+2.4pp	-8.9%+7.6pp	-16.5%+1.8pp	-18.4%-10.2pp
Return on invested capital	-10.5%+12.4pp	-22.9%+76.3pp	-99.2%-25.1pp	-74.1%-41.4pp
Efficiency
Asset turnover	0.8×+0.1×	0.7×+0.1×	0.6×0.0×	0.6×-0.1×
Liquidity
Current ratio	3.6×-0.4×	3.9×-0.4×	4.4×+0.1×	4.3×-1.4×
Quick ratio	3.6×-0.4×	3.9×-0.4×	4.4×+0.1×	4.3×-1.4×
Cash ratio	0.8×0.0×	0.8×-0.7×	1.6×+0.4×	1.2×-1.2×
Leverage
Debt-to-equity	1.8×+0.1×	1.7×+1.5×	0.2×+0.1×	0.2×+0.1×
Debt-to-assets	0.5×0.0×	0.5×+0.5×	0.1×0.0×	0.1×0.0×
Interest coverage	-4.8×+31.8×	-36.5×+27.0×	-63.5×+1.5×	-65×-25.3×
Per Share
Book value per share	$1.35-8.9%	$1.48-1.3%	$1.50-6.7%	$1.60-34.0%
Valuation
Market capitalization	$13.88B-23.2%	$18.06B-34.9%	$27.74B+92.2%	$14.44B-80.9%
Enterprise value	$16.99B-20.1%	$21.26B-19.9%	$26.56B+97.5%	$13.45B-81.9%
Price / sales	2.3×-1.0×	3.4×-2.7×	6×+2.9×	3.1×-15.3×
Price / book	6.1×-1.3×	7.4×-4.1×	11.5×+5.9×	5.6×-14.4×
EV / sales	2.9×-1.1×	4×-1.8×	5.8×+2.8×	2.9×-15.1×
Free cash flow yield	3.2%+1.9pp	1.2%+1.1pp	0.1%-0.3pp	0.4%+0.1pp
Earnings yield	-3.6%+0.3pp	-3.9%+0.9pp	-4.8%+5.1pp	-9.9%-9.2pp

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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.