METAMeta Platforms, Inc.
Services-Computer Programming, Data Processing, Etc.
- Revenue
- $201.0B
- 22% YoY
- Operating margin
- 41.4%
- 1.8% YoY
- EBITDA
- $101.9B
- 20% YoY
- Market cap
- $1.6T
- Employees
- 78,865
- $3M revenue each
- Net debt / EBITDA
- 0.7×
- $72.4B net debt
- AI in 10-K
- 17.3
- mentions per 10K words
Takeover score 5 of 13
Fixable underperformance 4 of 7
- TSR below peersYes5 of 5 years3+ of last 5 years
- High CEO pay despite TSRYes$27M medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo192% of net incomeCash flow under 80% of net income
- Dilutive SBCYes10% of revenueOver 10% of revenue
- Payouts exceed cash flowNo27% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo5% of assetsOver 40% of assets
- Shareholder dissentYes27% lowest supportAny vote under 80% support
Buyer economics 0 of 4
- Low revenue per employeeNo$3M · 96th pctBottom quartile of its SIC industry
- Quiet on AINo17.3 per 10K words · 97th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo0.7× EBITDA net debtMore cash than debt, positive EBITDA
- Buyout-sizedNo$1.6T market capMarket cap $500M–$5B
Catalysts 1 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingYes−$261M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $117.9B | $116.6B | $134.9B | $164.5B | $201.0B | 22% |
| Operating income | $46.8B | $28.9B | $46.8B | $69.4B | $83.3B | 20% |
| Net income | $39.4B | $23.2B | $39.1B | $62.4B | $60.5B | 3.1% |
| Operating cash flow | $57.7B | $50.5B | $71.1B | $91.3B | $115.8B | 27% |
| Capex | $18.7B | $31.2B | $27.0B | $37.3B | $69.7B | 87% |
| Stock-based comp | $9.2B | $12.0B | $14.0B | $16.7B | $20.4B | 22% |
| Buybacks | $44.5B | $28.0B | $19.8B | $30.1B | $26.2B | 13% |
| Dividends | — | $0 | $0 | $5.1B | $5.3B | 5.0% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $261M · 308
- Net
- −$261M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $25M | $25M | 243 | 445 |
| FY2024 | $27M | $27M | 215 | 263 |
| FY2023 | $24M | $24M | 130 | 151 |
| FY2022 | $27M | $27M | 44 | 92 |
| FY2021 | $27M | $27M | 123 | 131 |