Snowflake SNOW Ratios & Valuation
| Q1 '27 | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 67.1%0.0pp | 67.2%+0.1pp | 67.1%+0.5pp | 66.6%+0.2pp | 66.4%-0.1pp | |
| Operating margin | -26.1%+4.5pp | -30.6%+3.6pp | -34.3%+3.1pp | -37.4%+3.1pp | -40.5%-0.3pp | |
| Net margin | -23.8%+4.6pp | -28.4%+2.3pp | -30.8%+2.8pp | -33.5%+2.9pp | -36.4%-1.0pp | |
| EBITDA margin | -21.4%+4.6pp | -25.9%+3.5pp | -29.5%+3.1pp | -32.5%+3.0pp | -35.5%-0.4pp | |
| Free cash flow margin | 23.2%-0.7pp | 23.9%+6.2pp | 17.7%-0.5pp | 18.3%-1.5pp | 19.7%-5.5pp | |
| Returns | ||||||
| Return on equity | -55.1%-1.0pp | -54.1%-0.8pp | -53.3%-10.9pp | -42.4%-2.3pp | -40.2%-8.7pp | |
| Return on assets | -14.3%+0.3pp | -14.7%+1.8pp | -16.4%+1.8pp | -18.2%-0.1pp | -18.1%-3.2pp | |
| Return on invested capital | -326.9%— | —— | -182.8%-105pp | -77.8%+0.1pp | -77.9%-11.8pp | |
| Efficiency | ||||||
| Asset turnover | 0.6×+0.1× | 0.5×0.0× | 0.5×0.0× | 0.5×0.0× | 0.5×+0.1× | |
| Liquidity | ||||||
| Current ratio | 1.1×-0.2× | 1.3×-0.1× | 1.4×-0.1× | 1.5×-0.1× | 1.6×-0.2× | |
| Quick ratio | 1.1×-0.2× | 1.3×-0.1× | 1.4×-0.1× | 1.5×-0.1× | 1.6×-0.2× | |
| Cash ratio | 0.6×-0.1× | 0.6×+0.1× | 0.6×0.0× | 0.6×-0.1× | 0.8×-0.1× | |
| Leverage | ||||||
| Debt-to-equity | 0.3×0.0× | 0.2×0.0× | 0.2×0.0× | 0.2×0.0× | 0.2×0.0× | |
| Debt-to-assets | 0.1×0.0× | 0.1×0.0× | 0×0.0× | 0.1×0.0× | 0.1×0.0× | |
| Interest coverage | -158.2×+14.8× | -173×+8.4× | -181.4×+41.6× | -223×+98.9× | -321.9×+206× | |
| Per Share | ||||||
| Book value per share | $5.62-1.5% | $5.70-9.2% | $6.28-11.3% | $7.08-2.2% | $7.24-19.7% | |
| Valuation | ||||||
| Market capitalization | $47.18B-28.5% | $65.94B-29.2% | $93.13B+24.9% | $74.57B+40.7% | $53.01B-11.5% | |
| Enterprise value | $45.54B-28.3% | $63.54B-30.6% | $91.55B+25.4% | $73.03B+42.9% | $51.1B-11.3% | |
| Price / sales | 9.4×-4.7× | 14.1×-7.2× | 21.2×+3.1× | 18.1×+4.3× | 13.8×-2.7× | |
| Price / book | 24.3×-9.9× | 34.3×-9.4× | 43.7×+12.2× | 31.4×+9.4× | 22×+2.0× | |
| EV / sales | 9×-4.5× | 13.6×-7.3× | 20.9×+3.1× | 17.7×+4.4× | 13.3×-2.6× | |
| Free cash flow yield | 2.5%+0.8pp | 1.7%+0.9pp | 0.8%-0.2pp | 1%-0.4pp | 1.4%-0.1pp | |
| Earnings yield | -2.5%-0.5pp | -2%-0.6pp | -1.4%+0.4pp | -1.9%+0.8pp | -2.6%-0.5pp |
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.
