Twilio Inc.TWLO
NYSE•Technology•Software - Infrastructure
Twilio Inc., together with its subsidiaries, provides customer engagement platform solutions in the United States and internationally. The company provides various application programming interfaces and software solutions for communications between customers and end users, including messaging, voice, email, video interactions, digital engagement centers, marketing campaigns, and user authentication and identity solutions. It also offers software products to build direct and personalized relationships with their end users, such as Segment, a platform that provides tools to harness the power of contextual data by unifying real-time information collected throughout each customer's journey into a unique profile. Twilio Inc. was incorporated in 2008 and is headquartered in San Francisco, California.
Twilio Inc. (TWLO) reported trailing twelve months revenue of $5.30B as of March 2026, a 15.7% increase year-over-year. Quarterly revenue reached $1.41B, reflecting continued top-line momentum.
Twilio Inc. generated $103.96M in TTM net income, with quarterly EBITDA of $141.83M. The operating margin expanded from 2.0% to 7.7%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (7.7%) and net margin (6.4%) indicates tight cost control with minimal non-operating drag. Net margin has improved from 1.7% a year ago, signaling stronger bottom-line efficiency.
TWLO trades at a P/E of 177.4x (a premium multiple) and a P/S of 3.5x. The price-to-book ratio of 2.4x reflects a moderate premium to book value.
The company generated $149.05M in free cash flow over the trailing twelve months, a 21.5% decrease year-over-year, indicating strong cash generation ability. The balance sheet shows $9.58B in total assets with $992.72M in long-term debt against $7.78B in stockholders equity for a debt-to-equity ratio of 0.1, 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 2.4%. The business may lack pricing power or face rising costs.'
ROE is low or negative, suggesting limited competitive advantage or capital allocation challenges.
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 ~25.1% 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/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.
D/E ratio is 0.1 — conservative capital structure with low financial risk.
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 10.5% — 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