Operating performance
Revenue, profitability, and free cash flow are shown together so you can see scale, margin conversion, and cash generation on one screen.
Annualised change across the filed history.
Revenue CAGR 5Y
13.2%
Free Cash Flow CAGR 5Y
-21.6%
Operating Income CAGR 3Y
86.9%
Filing-backed read on scale, margins, and cash flow.
Free Cash Flow
FY 2025-76.6%
Net Margin
FY 2025+1.5 pt
$245.96
Down 0.99% · Snapshot Sep 16, 2026
Market cap
$2.65T
Market cap $2.65T
Valuation snapshot
A target is published only when both the filing-backed DCF and the peer fair value clear the confidence gate.
Current price
$245.96
Market cap $2.7T
Fair value estimate
Withheld
Filing-backed DCF failed the evidence gate.
Implied upside
—
DCF: Debt and bridge-cash inputs are required to translate enterprise value into equity value.
Valuation anchors
Scale: $232.04 – $362.00
Current
$245.96
Peer
This score describes input coverage, not the probability that a valuation or investment return will be correct.
Evidence gate detail
Filing-backed DCF failed the evidence gate.
DCF: Debt and bridge-cash inputs are required to translate enterprise value into equity value.
Policy
Filing-Backed v2
Basis
Operating cash flow less capex (firm-value proxy)
Shares
Diluted shares
Bridge
Net debt + securities
Market context
Live quote snapshot · Sep 16, 2026
Current price stacked against the same public-equity anchors shown in the confidence-gated hero.
How to read this
Capital structure
The overview keeps the capital structure bridge close to the cash-generation picture so fair value can be read in equity terms.
FY 2025 · filed Feb 06, 2026
Cash & Securities
$123B
Total Debt
—
Net Cash / Debt
—
Equity
Peer context
The overview keeps peer evidence concise here and sends detailed bridging to the relative-valuation tab.
Peer fair value
Per-share fair value from the weighted peer set.
Average P/E
Price to earnings across covered peers.
Average P/S
Price to sales across covered peers.
Intrinsic context
The overview surfaces the baseline intrinsic read and the reverse-DCF question, then sends the deeper workbench to the intrinsic tab.
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
Company profile
Identifiers, classification, and listing detail behind every figure on this page.
$411.1B
Tangible Equity
$378.6B
Net cash or debt is unavailable because complete debt and cash evidence is required to bridge enterprise value into equity value.
Latest annual cash generation after capital spending.
Operating Cash Flow
$139.5B
Capital Expenditures
$-131.8B
Free Cash Flow
$7.7B
CFO Margin
19.5%
FCF Margin
1.1%
CFO / Net Income
1.80x
FCF / Net Income
0.10x
Quality and risk
Altman, Piotroski, liquidity, and leverage sit together so the valuation read can be judged against balance-sheet reality.
Distress risk from the latest annual balance sheet.
Nine filing-backed checks on profitability, leverage, and efficiency.
neutral
Current Ratio
1.05x
Quick Ratio
0.88x
Average EV/EBITDA
Enterprise multiple across covered peers.
6 peers across 2 active peer methods
Walmart Inc.
WMT · CIK 0000104169
—
—
—
—
Cap —P/E —EV/EBITDA —
EBAY INC
EBAY · CIK 0001065088
$109.17
$48.6B
23.92x
—
Cap $48.6BP/E 23.92xEV/EBITDA —
MICROSOFT CORP
MSFT · CIK 0000789019
—
—
—
—
Cap —P/E —EV/EBITDA —
Alphabet Inc.
GOOGL · CIK 0001652044
$342.87
$4.2T
31.73x
—
Cap $4.2TP/E 31.73xEV/EBITDA —
Apple Inc.
AAPL · CIK 0000320193
—
—
—
—
Cap —P/E —EV/EBITDA —
TARGET CORP
TGT · CIK 0000027419
—
—
—
—
Cap —P/E —EV/EBITDA —
AMAZON COM INC (AMZN) market cap plus annual debt, less cash and eligible marketable securities.
A dated market value and complete annual debt and cash evidence are required for this bridge.