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Cloud data platform that lets companies store, share and analyze huge datasets, now adding AI tools.
Cloud data platform that lets companies store, share and analyze huge datasets, now adding AI tools.
Charges by consumption: customers commit to a block of capacity on contract and draw it down as they store and process data, so revenue follows how much work runs on the platform. It runs on top of the big public clouds rather than owning data centers, and listed in 2020.
Moat: narrow (switching costs, network effects). Migrating large production data warehouses is costly, and data-sharing network effects add stickiness.
Headquarters: Bozeman, Montana, US · Founded: 2012 · Employees: 9,060
Size SNOW (SNOW) is a United States Information Technology company (Packaged Software) with a market value of $97.3B, the 128th largest of 3,117 United States companies the cockpit tracks. Shares closed at $275.88 on 6 Nov 2026.
Performance Over six months the shares gained 81.0%, against +6.0% for the median peer and -1.1% for the United States market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue grew 32.0% over the last twelve months (peer median +20.5%); the operating margin is -22.3% (peer median 14.2%).
Valuation It trades at 108.4× forward earnings against a peer median of 22.4× (2nd most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 41% a year for seven years (Req g). Recent delivered growth is +51%, so the hurdle is -10 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 48.7 points below its cost of capital (11.3% WACC).
Backlog Backlog (remaining performance obligations) was $9.00B at 31 Jul 2026, up 30% on a year earlier — 1.7 years of trailing revenue. Backlog detail →
Credit SNOW has 4 bonds outstanding ($6.60B).
Short interest Short interest is 5.3% of the free float (15 Oct 2026).
Next results Next results expected around 2 Dec 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $5.43B | $4.68B | $3.63B | $2.81B | $2.07B |
| Revenue growth | — | +29% | +29% | +36% | — |
| Gross profit | $3.59B | $3.10B | $2.37B | $1.86B | $1.31B |
| EBITDA | -$961M | -$1.10B | -$1.25B | -$975M | -$773M |
| Net income | -$1.09B | -$1.33B | -$1.29B | -$836M | -$797M |
| Free cash flow | $1.20B | $1.12B | $913M | $779M | $496M |
| Capital expenditure | $59.8M | $105M | $75.7M | $98.0M | $49.8M |
| Total debt | $2.76B | $2.74B | $2.69B | $288M | $252M |
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 |
|---|---|---|---|---|---|---|
| SNOW SNOW | $97.3B | +81% | +32% | -22% | 108.4× | 41.3% |
| Amazon AMZN | $2.80T | -5% | +15% | 13% | 26.3× | n/a |
| 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% |
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 | SNOW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -19.7% | -3.5% | 6th lowest of 21 |
| 6-month return | +81.0% | +6.0% | highest of 21 |
| Distance from 52-week high | -28.3% | -30.7% | 11th highest of 21 |
| Revenue growth (TTM) | +32.0% | +20.5% | 5th highest of 21 |
| Operating margin | -22.3% | 14.2% | 2nd lowest of 21 |
| Forward P/E | 108.4× | 22.4× | 2nd most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 41.3% | 20.7% | 4th most demanding of 18 |
| Growth delivered (Del g) | +51.2% | +14.6% | highest of 18 |
| Hurdle (Req g minus delivered) | -9.9 pp | +4.4 pp | 5th least demanding of 18 |
| ROIC minus cost of capital | -48.7 pp | +0.2 pp | lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| SNOW SNOW | United States | $97.3B | +81% | +32% | -22% | 108.4× | 41.3% | +51.2% |
| Adobe ADBE | United States | $93.1B | -5% | +12% | 36% | 8.9× | 0.9% | +13.1% |
| Intuit INTU | United States | $91.3B | -14% | +14% | 29% | 14.8× | 3.1% | +17.4% |
| ServiceNow NOW | United States | $106B | +12% | +22% | 13% | 22.4× | 29.5% | +24.1% |
| Cadence Design Systems CDNS | United States | $87.8B | -12% | +18% | 30% | 34.0× | 29.9% | +14.6% |
| Synopsys SNPS | United States | $86.3B | -13% | +46% | 12% | 25.6× | 39.2% | +13.9% |
| Prosus PRX.AS | Netherlands | $83.9B | -3% | +45% | 3% | 10.1× | 55.8% | +13.8% |
| AppLovin APP | United States | $131B | -16% | +29% | 78% | 20.0× | 28.2% | +30.4% |
| Datadog DDOG | United States | $64.3B | -11% | +33% | 2% | 61.0× | n/a | n/a |
| Autodesk ADSK | United States | $54.7B | +7% | +19% | 23% | 20.1× | 18.1% | +13.7% |
| Salesforce CRM | United States | $176B | +18% | +11% | 22% | 14.6× | 13.7% | +14.3% |
| Constellation Software CSU.TO | Canada | $53.3B | +37% | +17% | 16% | 19.7× | 11.2% | +25.0% |
| Roper Technologies ROP | United States | $47.2B | +39% | +9% | 28% | 19.7× | 12.7% | +10.2% |
| CrowdStrike CRWD | United States | $222B | +64% | +24% | -1% | 153.6× | 52.4% | +40.6% |
| Dassault Systemes DSY.PA | France | $39.0B | +32% | 0% | 26% | 19.2× | 8.3% | +7.0% |
| Atlassian TEAM | United States | $38.7B | +5% | +26% | 4% | 28.7× | 44.7% | +25.8% |
| Palo Alto Networks PANW | United States | $257B | +51% | +24% | 5% | 75.0× | n/a | n/a |
| NBIS NBIS | United States | $35.2B | -8% | +461% | -49% | n/a | n/a | n/a |
| Sap SAP.DE | Germany | $276B | +49% | +8% | 29% | 29.8× | 14.9% | +6.1% |
| Zscaler ZS | United States | $32.2B | +30% | +25% | -4% | 40.5× | 20.7% | +37.9% |
| Twilio TWLO | United States | $31.3B | 0% | +19% | 8% | 30.7× | 38.2% | +23.5% |
SNOW has 4 bonds outstanding with $6.60B face value.
SNOW reported $9.00B of remaining performance obligations at 31 Jul 2026, up 30% from a year earlier and down 2% from the previous quarter. That is 1.7 years of trailing revenue already under contract. Book-to-bill last quarter: 0.87.