Meta Platforms (META) EV to FCF (2012 - 2026)
Meta Platforms' (META) EV to FCF was 61.82 for Q3 2026, up 53.4% from 40.30 a year earlier and up 88.3% from the prior quarter.
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Analysis
Meta Platforms (META) EV to FCF (2012 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Meta Platforms' EV to FCF came in at 52.99, up 47.4% year-over-year; for FY2025, it came in at 34.45, up 32.5% from FY2024.
- EV to FCF has increased for three consecutive years.
- By year, EV to FCF came in at 26.00 in FY2024 (+36.2%), 19.09 in FY2023 (+34.4%), 14.20 in FY2022 (-36.7%) and 22.41 in FY2021 (-26.2%).
- The Q3 2026 figure ranks as the highest quarterly EV to FCF since Q1 2013.
- Year over year, EV to FCF gained in seven of the last eight quarters, with growth averaging 29.2%.
- The high point for year-over-year EV to FCF in five years was Q2 2023 (growth of 154.4%); the low point was Q2 2022 (a decline of 61.4%).
- Per Business Quant data, the three quarters before Q3 2026 came in at 32.82 (Q2 2026), 28.41 (Q1 2026) and 34.45 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 3,462.85 Bn | 3,197.75 Bn | 76.16 Bn |
| 2 | Meta Platforms | 1,559.43 Bn | 1,223.94 Bn | 51.23 Bn |
| 3 | Netflix | 262.12 Bn | 223.42 Bn | 6.80 Bn |
| 4 | Alibaba Group Holding | 253.57 Bn | 67.20 Bn | 15.16 Bn |
| 5 | Shopify | 191.77 Bn | 170.57 Bn | 1.78 Bn |
| 6 | Uber Technologies | 139.89 Bn | 110.71 Bn | 6.42 Bn |
| 7 | AppLovin | 130.31 Bn | 118.84 Bn | 1.94 Bn |
| 8 | Spotify Technology | 123.80 Bn | 80.72 Bn | 1.89 Bn |
| 9 | Booking Holdings | 120.61 Bn | 54.35 Bn | - |
| 10 | PDD Holdings | 116.11 Bn | -127.94 Bn | 9.48 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 61.82 |
| Jun 30, 2026 | 32.82 |
| Mar 31, 2026 | 28.41 |
| Dec 31, 2025 | 34.45 |
| Sep 30, 2025 | 40.30 |
| Jun 30, 2025 | 36.10 |
| Mar 31, 2025 | 26.46 |
| Dec 31, 2024 | 26.00 |
| Sep 30, 2024 | 26.26 |
| Jun 30, 2024 | 24.50 |
| Mar 31, 2024 | 23.60 |
| Dec 31, 2023 | 19.09 |
| Sep 30, 2023 | 18.72 |
| Jun 30, 2023 | 28.09 |
| Mar 31, 2023 | 28.40 |
| Dec 31, 2022 | 14.20 |
| Sep 30, 2022 | 12.17 |
| Jun 30, 2022 | 11.05 |
| Mar 31, 2022 | 14.10 |
| Dec 31, 2021 | 22.41 |
API Access
Meta Platforms EV to FCF API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=META&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "ticker": "META", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=META&period=max&api_key=YOUR_API_KEY");
const data = await res.json();