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Snowflake SNOW Net margin

Net margin at other companies

Microsoft logo
MicrosoftMSFT
39.3%+3.6pp
Amazon logo
AmazonAMZN
10.6%+0.5pp
Palantir Technologies Inc. logo
Palantir Technologies Inc.PLTR
43.7%+25.4pp
Oracle logo
OracleORCL
25.3%+3.5pp
MongoDB logo
MongoDBMDB
-10.5%-1.0pp
CoreWeave, Inc.
 logo
CoreWeave, Inc. CRWV
-25.6%-6.5pp

Other financials

Income statement

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Revenue$1.4B+33.5%
Gross profit$926.5M+33.6%
Operating income-$326.2M+27.1%
Net income-$295.6M+31.3%
EPS (diluted)-$0.86+33.3%

Balance sheet

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Cash & equivalents$2.1B-8.2%
Total debt$490.2M+18.4%
Total equity$1.9B-19.5%
Total assets$8.6B+4.9%

Cash flow

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Operating cash flow$243.2M+6.5%
CapEx$10.5M-76.8%
Free cash flow$232.8M+26.9%

Valuation

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Market cap$81.28B-11.0%
Enterprise value$79.65B-10.9%
P/S16.2×-7.6×

Profitability

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Gross margin67.1%+0.8pp
Operating margin-26.1%-6.8pp

Returns & leverage

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Return on equity-55.1%+32.5pp
Debt / equity0.3×+0.1×
Current ratio1.1×-0.5×

Where this comes from

Calculated from Snowflake’s reported figures.

Based on trailing twelve months.

The official record: Snowflake’s 10-Q, filed May 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Snowflake's net margin?
Snowflake (SNOW) reported net margin of -23.8% in Q1 2026.
How has Snowflake's net margin changed year-over-year?
Snowflake's net margin increased by 34.7% year-over-year, from -36.4% to -23.8%.
What is the long-term trend for Snowflake's net margin?
Over 4 years (2022 to 2026), Snowflake's net margin has grown at a -19.6% compound annual growth rate (CAGR), from -309% to -129.1%.
What does net margin mean?
The share of every sales dollar that becomes bottom-line profit.
How do you interpret net margin?
Higher is better, but net margin mixes operating performance with financing and tax effects and one-off items — read it alongside operating margin to separate the operating story from the rest.
How does net margin compare across companies?
Comparable across peers but sensitive to leverage and tax structure; two operationally identical firms can show different net margins purely from financing.