AlphabetGOOGL

AlphabetGOOGL

Revenue: is the business selling more than it used to?

$402.8B+15% YoYFY 2025

→Revenue reached $402.8B in 2025, compounding +13% a year since 2022 though the pace has cooled. The trailing twelve months are already running at $445.9B, ahead of the last full year.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

AlphabetGOOGL

Net income: how much of that revenue becomes profit?

$132.2B+32% YoYFY 2025

→Net income was $132.2B in 2025, compounding +30% a year over three years. Earnings per share moved +111% over the last twelve months. Trailing twelve-month profit stands at $244.2B.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

AlphabetGOOGL

How fast is it growing, year by year?

+15.1%revenue growth, FY 2025

→Revenue grew +15% in 2025 against a five-year average of +18%. Earnings grew faster (+32%), so each new dollar of sales is arriving more profitably.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

AlphabetGOOGL

Revenue per share: is your slice growing as fast as the company?

$32.94revenue per share, FY 2025

→Revenue per share reached $32.94 in 2025, compounding +15% a year against +13% for GOOGL as a whole. Buybacks added roughly 2.8 points to your per-share result. Free cash flow per share stands at $5.99.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

AlphabetGOOGL

Free cash flow: what is left in real cash after everything?

$73.3B+1% YoYFY 2025

→Free cash flow was $73.3B in 2025, compounding +7% a year since 2022. That is the most cash the business has ever thrown off in a year. The trailing twelve months stand at $53.3B.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

AlphabetGOOGL

How much of every sales dollar ends up as free cash?

→18 cents of every sales dollar became free cash in 2025, down 3 points since 2022.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

AlphabetGOOGL

What does staying competitive cost, per dollar of sales?

→The biggest claim on each sales dollar is capital spending, at 23% of revenue (research and development 15%, stock compensation 6%). That share has risen since 2022, so the cost of competing is climbing.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

AlphabetGOOGL

When sales grow, do profits grow faster?

→Operating profit outgrew revenue in 3 of the last 5 years, most recently +15% against +15%. Each additional dollar of sales is landing more profitably than the last - the definition of operating leverage.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

AlphabetGOOGL

Margins: of every $1 of sales, how much survives each cost layer?

→Operating margin widened 6 points to 32% since 2022. After everything, 33 cents of each sales dollar reaches net profit. GOOGL doesn't tag a gross-profit line in its filings, so the chart starts at operating margin.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

AlphabetGOOGL

What does it earn on the money it uses?

→ROE of 38% and ROCE of 26% sit close together, so the returns come from the business itself rather than from borrowing.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

AlphabetGOOGL

What has the market paid for GOOGL over time?

17.0xP/E today

→At 17.0x earnings, the market is paying 16% less than GOOGL's own 4-year median of 20.3x. Pessimism is priced in - the question is whether it is deserved. Today's multiple is the lowest in the charted history.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

AlphabetGOOGL

What cash return does the business throw off per dollar of market value?

1.3%FCF yield today

→Every dollar of market value currently buys 1.3% of annual free cash flow, less than its 4-year median of 4.0% - you are paying up for the same cash.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

AlphabetGOOGL

Could it handle its debt if things went wrong?

→Debt of $100.2B sits against $55.9B of cash, or 0.2x shareholders' equity. Earnings cover the interest bill 66 times over, so the debt is comfortably serviced.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

AlphabetGOOGL

Is the company's own capital growing?

→The company's own capital grew from $283.4B in 2023 to $640.5B (+126%). The business is building book value rather than consuming it.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

AlphabetGOOGL

How much goes back, and how much leaks out as stock comp?

→Shareholders received $45.7B in buybacks and $10.0B in dividends in 2025. Stock compensation issued $25.0B of new shares in the same year, offsetting 45% of that.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

AlphabetGOOGL

How fast is your ownership being diluted - or concentrated?

→The share count shrank 1.7% in 2025, averaging 2.4% a year over three years. Buybacks are concentrating your ownership: the same business, split fewer ways.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

AlphabetGOOGL

Does GOOGL earn more on its capital than that capital costs?

→GOOGL earns 26.2% on the capital it employs, well above the 10% most investors treat as the cost of capital. It was 25.3% in 2022, so the trend is up, though the pace has cooled.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

AlphabetGOOGL

GOOGL has issued or retired shares - did shareholders end up better off?

→GOOGL has shrunk its share count -7% from 2022 to 2025, so each remaining share owns more of the business. Revenue per share is +53% over the same years.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

AlphabetGOOGL

Are the people running it buying or selling?

→Insiders sold $15M on the open market and bought nothing. Many sales are pre-scheduled diversification rather than a view on the price. A further 55 filings were grants, option exercises or tax withholding, which say nothing either way.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30