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

Snowflake's (SNOW) quarterly Asset Utilization Ratio came in at 0.57 in Q2 2026, up 27.4% year-on-year from 0.45 in Q2 2025, and up 5.48% quarter-over-quarter from 0.54 in Q1 2026.

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

Snowflake has disclosed Asset Utilization Ratio across 6 years of filings, most recently posting 0.57 for Q2 2026.

  • Asset Utilization Ratio for Q2 2026 came in at 0.57, up 27.4% year-over-year; the trailing twelve-month figure through Apr 2026 was 0.57 (up 27.4% YoY), and the FY2026 annual result was 0.52, up 22.7% from the prior year.
  • Asset Utilization Ratio came in at 0.57 for Q2 2026 at Snowflake, up 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.
  • The 5-year median for Asset Utilization Ratio is 0.38 (2024), against an average of 0.38.
  • Across the five-year window, Asset Utilization Ratio surged 87.01% in 2022 and climbed 11.79% in 2025, its largest moves.
  • Snowflake's Asset Utilization Ratio stood at 0.26 in 2022, then soared by 35.59% to 0.35 in 2023, then climbed by 27.08% to 0.45 in 2024, then increased by 18.46% to 0.53 in 2025, then grew by 6.56% to 0.57 in 2026.
  • The last three Asset Utilization Ratio figures came in at 0.57 (Q2 2026), 0.54 (Q1 2026), and 0.53 (Q4 2025), per Business Quant data.
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Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Asset Util. (Qtr)
1 Sap Se 238.14 Bn 220.17 Bn 8.16 Bn 0.51
2 Full Truck Alliance 166.83 Bn 164.28 Bn - -
3 Uber Technologies 150.36 Bn 149.32 Bn 11.88 Bn 0.88
4 Shopify 147.75 Bn 142.01 Bn 1.55 Bn 0.84
5 Salesforce 140.39 Bn 128.55 Bn 8.56 Bn 0.39
6 Cadence Design Systems 105.73 Bn 104.32 Bn 1.26 Bn 0.50
7 ServiceNow 105.42 Bn 100.24 Bn 2.83 Bn 0.55
8 Automatic Data Processing 89.57 Bn 86.34 Bn 2.87 Bn 0.29
9 Adobe 85.05 Bn 78.16 Bn 5.90 Bn 0.85
10 Snowflake 82.57 Bn 79.61 Bn 926.45 Mn 0.57

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