Meta Platforms
META on Nasdaq. Meta sells apps, virtual reality headsets, and glasses to people and advertisers. Market value $1600.0bn.
Not on tonight’s list. It failed one of the two tests; the numbers are below.
We could not compute this from the filings.
The filings do not give us enough to work this out.
Each dollar kept in the business earns 24 cents a year. Above 10 is good.
Five years of cash, in billions
| Revenue | $7.9bn | $12.5bn | $17.9bn | $27.6bn | $40.7bn |
| Operating margin | 35.6% | 40.1% | 34.7% | 45.0% | 49.7% |
| Debt to equity | 0.00 | n/a | n/a | n/a | n/a |
| Shares outstanding | n/a | n/a | n/a | n/a | n/a |
Health checks
- Free cash flow positive5 of 5 years
- Accounting looks honest (Beneish)Not enough data
- Financial strength (Piotroski)4 of 9
- Profit backed by cash (accruals)No
- Debt0.27× equity
- Revenue growth, five yearsStrong, 50.7% a year
Dates
Funds that own it
| Manager | Value | Change |
|---|---|---|
| Dodge & Cox | $3.7bn | Added 29% |
| GMO Asset Management | $1.9bn | Added 12% |
| TIGER GLOBAL MANAGEMENT LLC | $1.8bn | Cut 2% |
| First Eagle Investment | $1.8bn | Held |
| Pershing Square | $1.5bn | Held |
| Eagle Capital Management | $727m | Held |
| First Pacific Advisors | $383m | Held |
| Appaloosa LP | $380m | Added 55% |
| Glenview Capital | $201m | Added 191% |
| Polen Capital | $186m | Cut 31% |
| Abrams Capital | $183m | Held |
| Giverny Capital | $171m | Held |
| Markel Group | $132m | Cut 6% |
| Ruane Cunniff & Goldfarb | $87m | Cut 23% |
| Gotham Asset Management | $80m | Held |
| CAS Investment Partners | $77m | New position |
| Triple Frond Partners | $66m | Held |
| Bridgewater Associates | $62m | Cut 62% |
| Aristotle Atlantic Partners | $57m | Held |
| Wedgewood Partners | $43m | Added 16% |
| Harris Associates | $3m | Added 4% |
| Brave Warrior Advisors | $210,107 | Held |
| Weitz Investment Management | $0 | Exited |
| Third Point | $0 | Exited |
| Scion Asset Management | $0 | Exited |
From 13F filings for the quarter ending 30 June 2026. These are reported 45 days late and only show long positions.
Insiders
We do not track insider filings for this company yet.
What could go wrong
Cheap for a reason is the question the numbers cannot answer. Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; the five-year figures are rounded.