Snowflake SNOW Ratios & Valuation
| Q1 '27 | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 67.1%+0.8pp | 67.2%+0.7pp | 67.1%0.0pp | 66.6%-1.2pp | 66.4%-1.7pp | |
| Operating margin | -26.1%+14.4pp | -30.6%+9.5pp | -34.3%+5.1pp | -37.4%+1.3pp | -40.5%-1.6pp | |
| Net margin | -23.8%+12.6pp | -28.4%+7.0pp | -30.8%+2.3pp | -33.5%-1.8pp | -36.4%-5.6pp | |
| Returns | ||||||
| Return on equity | -55.1%-14.9pp | -54.1%-22.7pp | -53.3%-24.6pp | -42.4%-20.8pp | -40.2%-21.3pp | |
| Return on invested capital | -326.9%-249pp | —— | -182.8%-132pp | -77.8%-46.6pp | -77.9%-49.9pp | |
| Efficiency | ||||||
| Asset turnover | 0.6×+0.1× | 0.5×+0.1× | 0.5×+0.1× | 0.5×+0.1× | 0.5×+0.1× | |
| Liquidity | ||||||
| Current ratio | 1.1×-0.5× | 1.3×-0.5× | 1.4×-0.5× | 1.5×-0.1× | 1.6×-0.1× | |
| Leverage | ||||||
| Debt-to-equity | 0.3×+0.1× | 0.2×+0.1× | 0.2×+0.1× | 0.2×+0.1× | 0.2×+0.1× | |
| Per Share | ||||||
| Book value per share | $5.62-22.4% | $5.70-36.8% | $6.28-28.9% | $7.08-42.7% | $7.24— | |
| Valuation | ||||||
| Market capitalization | $47.18B-11.0% | $65.94B+10.1% | $93.13B+143% | $74.57B+71.2% | $53.01B+2.2% | |
| Price / sales | 9.4×-4.4× | 14.1×-2.4× | 21.2×+10.0× | 18.1×+4.5× | 13.8×-3.4× | |
| Price / book | 24.3×+2.3× | 34.3×+14.3× | 43.7×+30.6× | 31.4×+20.9× | 22×+10.6× |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Snowflake's profit margins?
- Snowflake (SNOW) runs a 67.1% gross margin and a -26.1% operating margin, with a -23.8% net margin.
- Where do Snowflake's ratios come from?
- Every ratio is computed from Snowflake'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.
