GOOGAlphabet Inc.
Services-Computer Programming, Data Processing, Etc.
- Revenue
- $402.8B
- 15% YoY
- Operating margin
- 32.0%
- 0.2% YoY
- EBITDA
- $150.2B
- 18% YoY
- Market cap
- $3.4T
- Employees
- 190,820
- $2M revenue each
- Net debt / EBITDA
- -0.3×
- −$45.4B net debt
- AI in 10-K
- 19.2
- mentions per 10K words
Takeover score 2 of 13
Fixable underperformance 0 of 7
- TSR below peersNo0 of 5 years3+ of last 5 years
- High CEO pay despite TSRNo$11M medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo125% of net incomeCash flow under 80% of net income
- Dilutive SBCNo6% of revenueOver 10% of revenue
- Payouts exceed cash flowNo34% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo6% of assetsOver 40% of assets
- Shareholder dissentNo81% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo$2M · 93rd pctBottom quartile of its SIC industry
- Quiet on AINo19.2 per 10K words · 98th pctBottom quartile of AI mentions in 10-Ks
- Net cashYesNet cash · 0.3× EBITDAMore cash than debt, positive EBITDA
- Buyout-sizedNo$3.4T market capMarket cap $500M–$5B
Catalysts 1 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingYes−$182M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $257.6B | $282.8B | $307.4B | $350.0B | $402.8B | 15% |
| Operating income | $78.7B | $74.8B | $84.3B | $112.4B | $129.0B | 15% |
| Net income | $76.0B | $60.0B | $73.8B | $100.1B | $132.2B | 32% |
| Operating cash flow | $91.7B | $91.5B | $101.7B | $125.3B | $164.7B | 31% |
| Capex | $24.6B | $31.5B | $32.3B | $52.5B | $91.4B | 74% |
| Stock-based comp | $15.4B | $19.4B | $22.5B | $22.8B | $25.0B | 9.5% |
| Buybacks | $50.3B | $59.3B | $61.5B | $62.2B | $45.7B | 27% |
| Dividends | — | $0 | $0 | $7.4B | $10.0B | 36% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $182M · 241
- Net
- −$182M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $11M | $214M | 361 | 138 |
| FY2024 | $11M | $216M | 218 | 115 |
| FY2023 | $9M | $235M | 161 | 87 |
| FY2022 | $226M | $116M | 101 | 59 |
| FY2021 | $6M | $267M | 165 | 98 |