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Owns Google Search and Android, sells search/YouTube advertising, and runs Google Cloud and AI (Gemini) products.
Owns Google Search and Android, sells search/YouTube advertising, and runs Google Cloud and AI (Gemini) products.
Earns most of its income from advertising: ads placed beside Search results, on YouTube and across partner websites. Cloud, which rents computing and AI tools to companies, is the second large line, while Other Bets such as Waymo are still small. Alphabet became the parent holding company in 2015.
Moat: wide (network effects, data, scale). Search/Android distribution scale and vast user data make its ad and AI platforms hard to displace.
Headquarters: Mountain View, California, US · Founded: 1998 · Employees: 190,820
Size Alphabet Inc. (Class A) (GOOGL) is a United States Communication Services company (Internet Software/Services) with a market value of $3.47T, the 5th largest of 3,117 United States companies the cockpit tracks. Shares closed at $284.78 on 6 Nov 2026.
Performance Over six months the shares fell 28.9%, against -2.3% for the median peer and -1.1% for the United States market (cap-weighted) — 4th lowest of 19 in its peer set.
Growth Revenue grew 22.2% over the last twelve months (peer median +13.4%); the operating margin is 33.3% (peer median 18.6%).
Valuation It trades at 20.5× forward earnings against a peer median of 15.4× (6th most expensive of 18).
Price implies For today's price to make sense, revenue must grow about 18% a year for seven years (Req g). Recent delivered growth is +17%, so the hurdle is +1 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 10.7 points above its cost of capital (10.8% WACC).
Backlog Backlog (remaining performance obligations) was $568B at 30 Sep 2026, up 260% on a year earlier — 1.2 years of trailing revenue. Backlog detail →
Short interest Short interest is 1.3% of the free float (15 Oct 2026).
Next results Next results expected around 2 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $471B | $403B | $350B | $307B | $281B |
| Revenue growth | — | +15% | +14% | +9% | — |
| Gross profit | $287B | $240B | $204B | $174B | $155B |
| EBITDA | $186B | $154B | $127B | $98.1B | $88.8B |
| Net income | $236B | $132B | $100B | $73.8B | $60.0B |
| Free cash flow | $19.7B | $73.3B | $72.8B | $69.5B | $60.0B |
| Capital expenditure | $160B | $91.4B | $52.5B | $32.3B | $31.5B |
| Total debt | $147B | $67.0B | $28.1B | $29.9B | $30.0B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Alphabet Inc. (Class A) GOOGL | $3.47T | -29% | +22% | 33% | 20.5× | 18.5% |
| Microsoft MSFT | $3.94T | +28% | +18% | 47% | 25.5× | 17.2% |
| Meta Platforms META | $1.56T | 0% | +28% | 33% | 19.0× | 16.6% |
| Amazon AMZN | $2.80T | -5% | +15% | 13% | 26.3× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | GOOGL | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -18.2% | -2.9% | 3rd lowest of 19 |
| 6-month return | -28.9% | -2.3% | 4th lowest of 19 |
| Distance from 52-week high | -30.3% | -29.5% | 10th highest of 19 |
| Revenue growth (TTM) | +22.2% | +13.4% | 4th highest of 19 |
| Operating margin | 33.3% | 18.6% | highest of 19 |
| Forward P/E | 20.5× | 15.4× | 6th most expensive of 18 |
| Growth the price implies (Req g, 7 yrs) | 18.5% | 7.9% | 4th most demanding of 17 |
| Growth delivered (Del g) | +17.2% | +12.7% | 7th highest of 17 |
| Hurdle (Req g minus delivered) | +1.3 pp | -6.9 pp | 4th most demanding of 17 |
| ROIC minus cost of capital | +10.7 pp | +14.2 pp | 9th highest of 17 |
| EV / EBITDA | 18.1× | 11.9× | 5th most expensive of 17 |
| Net debt / EBITDA | -0.6× | -1.2× | 7th most indebted of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Alphabet Inc. (Class A) GOOGL | United States | $3.47T | -29% | +22% | 33% | 20.5× | 18.5% | +17.2% |
| Meta Platforms META | United States | $1.56T | 0% | +28% | 33% | 19.0× | 16.6% | +18.5% |
| Netflix NFLX | United States | $260B | -28% | +15% | 32% | 17.7× | 15.0% | +12.6% |
| Recruit 6098.T | Japan | $149B | +133% | +9% | 20% | 30.3× | 22.0% | +10.3% |
| Spotify Technology SPOT | United States | $124B | +44% | +17% | 15% | 37.4× | 29.4% | +16.6% |
| Liberty Media FWONA | United States | $27.3B | +18% | +12% | 12% | 51.0× | 29.0% | +31.4% |
| Bidu-sw 9888.HK | Hong Kong | $26.4B | -43% | -1% | 7% | 14.5× | n/a | n/a |
| Reddit RDDT | United States | $18.4B | -39% | +62% | 29% | 15.0× | 18.0% | +57.3% |
| Tencent Music Entertainment 1698.HK | Hong Kong | $13.9B | -2% | +16% | 29% | 11.0× | 0.6% | +1.7% |
| Nexon 3659.T | Japan | $13.8B | +10% | +15% | 26% | 22.4× | -9.1% | +10.1% |
| Pinterest PINS | United States | $10.9B | -11% | +15% | 6% | 8.8× | 16.2% | +20.1% |
| Match MTCH | United States | $8.88B | +6% | 0% | 30% | 13.6× | 1.8% | +7.8% |
| Cyber Agent 4751.T | Japan | $4.13B | +3% | +14% | 10% | 15.4× | -11.3% | +12.8% |
| CarGurus CARG | United States | $3.01B | -3% | +6% | 26% | 12.1× | 2.7% | +10.5% |
| China Ruyi 0136.HK | Hong Kong | $2.82B | -5% | -40% | -17% | 12.6× | 13.1% | +69.6% |
| Autohome 2518.HK | Hong Kong | $2.70B | +21% | -22% | 0% | 22.7× | -15.3% | -6.4% |
| NetEase Cloud Music 9899.HK | Hong Kong | $2.52B | -21% | +6% | 17% | 10.1× | -18.7% | +8.9% |
| RUM RUM | United States | $2.44B | -41% | +13% | -101% | n/a | n/a | n/a |
| Grindr GRND | United States | $2.35B | -10% | +32% | 31% | 19.7× | -6.0% | +31.1% |
Alphabet Inc. (Class A) reported $568B of remaining performance obligations at 30 Sep 2026, up 260% from a year earlier and up 9% from the previous quarter. That is 1.2 years of trailing revenue already under contract. Book-to-bill last quarter: 1.38.