Alphabet Inc.

GOOGLNASDAQ

$321.05

Last price · USD

Market cap: $3.93T
P/E: 29.7x
EV / EBITDA: 22.0x
P/S: 9.7x
FCF yield: 1.9%
Div. yield: 0.26%

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

Alphabet Inc. balance sheet

Annual · USD millions except per-share data · 43 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Current assets
Cash & cash equivalents	30,708	23,466	24,048	21,879	20,945	+10.0%
Short-term investments	96,135	72,191	86,868	91,883	118,704	-5.1%
Cash & short-term investments	126,843	95,657	110,916	113,762	139,649	-2.4%
Net receivables	62,886	52,340	47,964	40,258	39,304	+12.5%
Accounts receivable	62,886	52,340	47,964	40,258	39,304	+12.5%
Inventory	0	0	0	2,670	1,170	—
Other current assets	16,309	15,714	12,650	8,105	8,020	+19.4%
Total current assets	206,038	163,711	171,530	164,795	188,143	+2.3%
Non-current assets
Property, plant & equipment (net)	261,818	184,624	148,436	127,049	110,558	+24.1%
Goodwill	33,380	31,885	29,198	28,960	22,956	+9.8%
Intangible assets	0	0	0	2,084	1,417	—
Goodwill & intangible assets	33,380	31,885	29,198	31,044	24,373	+8.2%
Long-term investments	68,687	37,982	31,008	30,492	29,549	+23.5%
Tax assets	9,113	17,180	12,169	5,261	1,284	+63.2%
Other non-current assets	16,245	14,874	10,051	6,623	5,361	+31.9%
Total non-current assets	389,243	286,545	230,862	200,469	171,125	+22.8%
Total assets	595,281	450,256	402,392	365,264	359,268	+13.5%
Current liabilities
Accounts payable	12,200	7,987	7,493	5,128	6,037	+19.2%
Other payables	1,473	2,905	2,748	1,632	0	—
Total payables	13,673	10,892	10,241	6,760	6,037	+22.7%
Capital lease obligations (current)	0	2,887	2,791	2,477	2,189	—
Tax payables	9,531	8,782	2,748	9,258	808	+85.3%
Deferred revenue	6,578	5,036	4,137	3,908	3,288	+18.9%
Other current liabilities	17,546	21,391	24,665	23,134	23,688	-7.2%
Total current liabilities	102,745	89,122	81,814	69,300	64,254	+12.5%
Non-current liabilities
Long-term debt	46,547	10,883	11,870	12,857	12,844	+38.0%
Capital lease obligations (non-current)	12,744	11,691	12,460	14,345	13,362	-1.2%
Deferred revenue (non-current)	0	0	911	599	535	—
Deferred tax liabilities (non-current)	0	0	485	514	5,257	—
Other non-current liabilities	17,980	13,476	11,473	11,505	11,381	+12.1%
Total non-current liabilities	77,271	36,050	37,199	39,820	43,379	+15.5%
Capital lease obligations	12,744	14,578	15,251	16,822	15,551	-4.9%
Total debt	59,291	25,461	27,121	29,679	28,395	+20.2%
Total liabilities	180,016	125,172	119,013	109,120	107,633	+13.7%
Stockholders' equity
Common stock	93,126	84,800	76,534	68,184	61,774	+10.8%
Retained earnings	324,055	245,084	211,247	195,563	191,484	+14.1%
Accumulated other comprehensive income (loss)	(1,916)	(4,800)	(4,402)	(7,603)	(1,623)	—
Total stockholders' equity	415,265	325,084	283,379	256,144	251,635	+13.3%
Total equity	415,265	325,084	283,379	256,144	251,635	+13.3%
Total liabilities & equity	595,281	450,256	402,392	365,264	359,268	+13.5%
Additional fields
Accrued Expenses	64,948	48,916	39,980	33,021	29,052	+22.3%
Net Debt	28,583	1,995	3,073	7,800	7,450	+40.0%
Total Investments	164,822	110,173	117,876	122,375	148,253	+2.7%

Alphabet Inc.

GOOGLNASDAQ

$321.05

Last price · USD

Market cap: $3.93T
P/E: 29.7x
EV / EBITDA: 22.0x
P/S: 9.7x
FCF yield: 1.9%
Div. yield: 0.26%

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

Alphabet Inc. balance sheet

Annual · USD millions except per-share data · 43 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Current assets
Cash & cash equivalents	30,708	23,466	24,048	21,879	20,945	+10.0%
Short-term investments	96,135	72,191	86,868	91,883	118,704	-5.1%
Cash & short-term investments	126,843	95,657	110,916	113,762	139,649	-2.4%
Net receivables	62,886	52,340	47,964	40,258	39,304	+12.5%
Accounts receivable	62,886	52,340	47,964	40,258	39,304	+12.5%
Inventory	0	0	0	2,670	1,170	—
Other current assets	16,309	15,714	12,650	8,105	8,020	+19.4%
Total current assets	206,038	163,711	171,530	164,795	188,143	+2.3%
Non-current assets
Property, plant & equipment (net)	261,818	184,624	148,436	127,049	110,558	+24.1%
Goodwill	33,380	31,885	29,198	28,960	22,956	+9.8%
Intangible assets	0	0	0	2,084	1,417	—
Goodwill & intangible assets	33,380	31,885	29,198	31,044	24,373	+8.2%
Long-term investments	68,687	37,982	31,008	30,492	29,549	+23.5%
Tax assets	9,113	17,180	12,169	5,261	1,284	+63.2%
Other non-current assets	16,245	14,874	10,051	6,623	5,361	+31.9%
Total non-current assets	389,243	286,545	230,862	200,469	171,125	+22.8%
Total assets	595,281	450,256	402,392	365,264	359,268	+13.5%
Current liabilities
Accounts payable	12,200	7,987	7,493	5,128	6,037	+19.2%
Other payables	1,473	2,905	2,748	1,632	0	—
Total payables	13,673	10,892	10,241	6,760	6,037	+22.7%
Capital lease obligations (current)	0	2,887	2,791	2,477	2,189	—
Tax payables	9,531	8,782	2,748	9,258	808	+85.3%
Deferred revenue	6,578	5,036	4,137	3,908	3,288	+18.9%
Other current liabilities	17,546	21,391	24,665	23,134	23,688	-7.2%
Total current liabilities	102,745	89,122	81,814	69,300	64,254	+12.5%
Non-current liabilities
Long-term debt	46,547	10,883	11,870	12,857	12,844	+38.0%
Capital lease obligations (non-current)	12,744	11,691	12,460	14,345	13,362	-1.2%
Deferred revenue (non-current)	0	0	911	599	535	—
Deferred tax liabilities (non-current)	0	0	485	514	5,257	—
Other non-current liabilities	17,980	13,476	11,473	11,505	11,381	+12.1%
Total non-current liabilities	77,271	36,050	37,199	39,820	43,379	+15.5%
Capital lease obligations	12,744	14,578	15,251	16,822	15,551	-4.9%
Total debt	59,291	25,461	27,121	29,679	28,395	+20.2%
Total liabilities	180,016	125,172	119,013	109,120	107,633	+13.7%
Stockholders' equity
Common stock	93,126	84,800	76,534	68,184	61,774	+10.8%
Retained earnings	324,055	245,084	211,247	195,563	191,484	+14.1%
Accumulated other comprehensive income (loss)	(1,916)	(4,800)	(4,402)	(7,603)	(1,623)	—
Total stockholders' equity	415,265	325,084	283,379	256,144	251,635	+13.3%
Total equity	415,265	325,084	283,379	256,144	251,635	+13.3%
Total liabilities & equity	595,281	450,256	402,392	365,264	359,268	+13.5%
Additional fields
Accrued Expenses	64,948	48,916	39,980	33,021	29,052	+22.3%
Net Debt	28,583	1,995	3,073	7,800	7,450	+40.0%
Total Investments	164,822	110,173	117,876	122,375	148,253	+2.7%