Snowflake (SNOW) Asset Utilization Ratio (2021 - 2026)

Snowflake (SNOW) reported Asset Utilization Ratio of 0.57 for Q2 2026, up 27.4% on a YoY basis from 0.45 in Q2 2025, and up 5.48% sequentially from 0.54 in Q1 2026.

Snowflake (SNOW) Asset Utilization Ratio (2021 - 2026) Analysis & Trends

Snowflake (SNOW) has 6 years of Asset Utilization Ratio data on file, last reported at 0.57 in Q2 2026.

  • For the quarter ending Q2 2026, Asset Utilization Ratio rose 27.4% year-over-year to 0.57; the trailing twelve-month figure through Apr 2026 stood at 0.57 (up 27.4% YoY), and the FY2026 full-year result was 0.52, up 22.7% from the prior year.
  • Asset Utilization Ratio advanced to 0.57 in Q2 2026, from 0.54 in the prior quarter.
  • In the past five years, Asset Utilization Ratio ranged from a high of 0.57 in Q2 2026 to a low of 0.19 in Q1 2022.
  • A 5-year average of 0.38 and a median of 0.38 in 2024 frame the typical range for Asset Utilization Ratio.
  • Across the five-year window, Asset Utilization Ratio surged 87.01% in 2022 and climbed 11.79% in 2025, its largest moves.
  • Tracing SNOW's Asset Utilization Ratio over 5 years: stood at 0.26 in 2022, then surged by 35.59% to 0.35 in 2023, then advanced by 27.08% to 0.45 in 2024, then grew by 18.46% to 0.53 in 2025, then climbed by 6.56% to 0.57 in 2026.
  • Business Quant data shows SNOW's Asset Utilization Ratio at 0.57 in Q2 2026, 0.54 in Q1 2026, and 0.53 in Q4 2025.
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Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Asset Util. (Qtr)
1 Sap Se 208.91 Bn 189.27 Bn 8.16 Bn 0.51
2 Full Truck Alliance 188.77 Bn 186.13 Bn - -
3 Shopify 145.98 Bn 140.23 Bn 1.55 Bn 0.84
4 Uber Technologies 141.48 Bn 140.44 Bn 5.95 Bn 0.88
5 Salesforce 128.51 Bn 116.67 Bn 8.56 Bn 0.39
6 ServiceNow 98.38 Bn 93.20 Bn 2.82 Bn 0.53
7 Automatic Data Processing 97.56 Bn 94.34 Bn 2.87 Bn 0.29
8 Snowflake 91.55 Bn 88.59 Bn 926.45 Mn 0.57
9 Cadence Design Systems 89.91 Bn 88.50 Bn 1.41 Bn 0.50
10 Datadog 86.34 Bn 81.58 Bn 797.20 Mn 0.54

Historic Data

Download Data
DateValue
Apr 30, 2026 0.57
Jan 31, 2026 0.54
Oct 31, 2025 0.53
Jul 31, 2025 0.50
Apr 30, 2025 0.45
Jan 31, 2025 0.42
Oct 31, 2024 0.45
Jul 31, 2024 0.45
Apr 30, 2024 0.39
Jan 31, 2024 0.36
Oct 31, 2023 0.35
Jul 31, 2023 0.33
Apr 30, 2023 0.30
Jan 31, 2023 0.28
Oct 31, 2022 0.26
Jul 31, 2022 0.23
Apr 30, 2022 0.21
Jan 31, 2022 0.19
Oct 31, 2021 0.17
Jul 31, 2021 0.14