Alphabet Inc.GOOGL
NasdaqGS•Communication Services•Internet Content & Information
Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of apps and in-app purchases and digital content in Google Play and YouTube; and devices, as well as the provision of YouTube consumer subscription services, such as YouTube TV, YouTube Music and Premium, NFL Sunday Ticket, and Google One. The Google Cloud segment offers consumption-based fees and subscriptions for AI solutions, including AI infrastructure, Vertex AI platform, and Gemini enterprise. It also provides cybersecurity, and data and analytics services; Google Workspace that include cloud-based communication and collaboration tools for enterprises, such as Calendar, Gmail, Docs, Drive, and Meet; and other enterprise services. The Other Bets segment sells transportation and internet services. Alphabet Inc. was incorporated in 1998 and is headquartered in Mountain View, California.
Alphabet Inc. (GOOGL) reported trailing twelve months revenue of $422.50B as of March 2026, a 17.5% increase year-over-year. Quarterly revenue reached $109.90B, reflecting continued top-line momentum.
Alphabet Inc. generated $160.21B in TTM net income, with quarterly EBITDA of $46.18B. The operating margin expanded from 33.9% to 36.1%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (36.1%) and net margin (56.9%) indicates tight cost control with minimal non-operating drag. Net margin has improved from 38.3% a year ago, signaling stronger bottom-line efficiency.
GOOGL trades at a P/E of 20.7x (in line with broad market averages) and a P/S of 7.8x. The price-to-book ratio of 6.9x indicates a significant premium over book value.
The company generated $10.12B in free cash flow over the trailing twelve months, a 46.6% decrease year-over-year, indicating cash generation ability. The balance sheet shows $703.92B in total assets with $77.50B in long-term debt against $476.95B in stockholders equity for a debt-to-equity ratio of 0.2, a conservative capital structure. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are stable at ~32.7%, suggesting durable pricing power and cost discipline.
Consistently high ROE averaging 31.5% suggests a durable competitive advantage and efficient capital allocation.
8 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.
TTM revenue has grown consistently (7 of 7 quarters up), with ~28.7% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~32.7% — no sign of cost or pricing stress.
FCF consistently trails net income (avg 0.6x) — earnings may be inflated by non-cash items or aggressive accounting.
Debt-to-equity has risen 413.7% recently — increasing financial risk even if the current ratio is manageable.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Share count is stable — no significant dilution or buyback activity.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation