Pinterest, Inc.PINS
NYSE•Communication Services•Internet Content & Information
Pinterest, Inc. operates as a visual search and discovery platform in the United States, Canada, Europe, and internationally. The company's platform allows people to find ideas, such as recipes, home and style inspiration, and others; and to search, save, and shop the ideas. It also provides various advertising products to help advertisers meet users; and ad auction that allows to serve ads to users at relevant moments while optimizing business outcomes for advertisers. The company was formerly known as Cold Brew Labs Inc. and changed its name to Pinterest, Inc. in April 2012. Pinterest, Inc. was incorporated in 2008 and is headquartered in San Francisco, California.
Pinterest, Inc. (PINS) reported trailing twelve months revenue of $4.37B as of March 2026, a 16.3% increase year-over-year. Quarterly revenue reached $1.01B, reflecting continued top-line momentum.
Pinterest, Inc. generated $334.35M in TTM net income, with quarterly EBITDA of $-71.47M. The operating margin contracted from -4.1% to -8.0%, suggesting rising cost pressures or pricing headwinds.
The spread between operating margin (-8.0%) and net margin (-7.3%) indicates tight cost control with minimal non-operating drag. Net margin has narrowed from 1.0% a year ago, reflecting increased costs or interest expense.
PINS trades at a P/E of 34.3x (a premium multiple) and a P/S of 2.6x. The price-to-book ratio of 4.0x reflects a moderate premium to book value.
The company generated $311.68M in free cash flow over the trailing twelve months, a 12.6% decrease year-over-year, indicating strong cash generation ability. The balance sheet shows $4.65B in total assets with $980.17M in long-term debt against $2.85B in stockholders equity for a debt-to-equity ratio of 0.3, a conservative capital structure. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are under pressure, averaging 4.4%. The business may lack pricing power or face rising costs.'
ROE averages 24.4% but has fluctuated — the competitive advantage may be cyclical or emerging.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
TTM revenue has grown consistently (7 of 7 quarters up), with ~31.0% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
The company posted negative operating margins in recent quarters — core operations are unprofitable.
FCF covers net income by 8.1x on average — earnings are well-supported by cash generation.
Limited debt-to-equity data available.
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.
Shares decreased 6.8% — net buybacks are reducing shares outstanding and boosting per-share value.
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