Financials Alphabet Inc.

Equities

GOOGL

US02079K3059

Internet Services

Market Closed - Nasdaq Other stock markets 16:00:00 2025-07-07 EDT			Pre-market 07:58:07
176.79 ^USD	-1.53%		177.55	+0.43%

06-06	Broadcom rides on AI chip demand to deliver upbeat revenue forecast	RE
06-05	Anthropic CEO says proposed 10-year ban on state AI regulation 'too blunt' in NYT op-ed	RE

Projected Income Statement: Alphabet Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	182,527	257,637	282,836	307,394	350,018	387,817	428,898	472,853
Change	-	41.15%	9.78%	8.68%	13.87%	10.8%	10.59%	10.25%
EBITDA ¹	67,912	106,531	110,132	118,699	150,486	172,682	195,966	221,412
Change	-	56.87%	3.38%	7.78%	26.78%	14.75%	13.48%	12.98%
EBIT ¹	41,224	78,714	74,842	84,293	112,390	128,020	142,267	158,680
Change	-	90.94%	-4.92%	12.63%	33.33%	13.91%	11.13%	11.54%
Interest Paid ¹	-135	-346	-3,514	1,424	7,425	-7,509	-3,936	-4,776
Earnings before Tax (EBT) ¹	48,082	90,734	71,328	85,717	119,815	139,977	147,563	164,464
Change	-	88.71%	-21.39%	20.17%	39.78%	16.83%	5.42%	11.45%
Net income ¹	40,269	76,033	59,972	73,795	100,118	116,902	122,570	136,254
Change	-	88.81%	-21.12%	23.05%	35.67%	16.76%	4.85%	11.16%
Announcement Date	2/2/21	2/1/22	2/2/23	1/30/24	2/4/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1
Net sales ¹	38,297	46,173	56,898	55,314	61,880	65,118	75,325	68,011	69,685	69,092	76,048	69,787	74,604	76,693	86,310	80,539	84,742	88,268	96,469	90,234	93,733	97,160	106,496	98,742	102,660	106,056	116,366	108,560
Change	-	20.57%	23.23%	-2.78%	11.87%	5.23%	15.67%	-9.71%	2.46%	-0.85%	10.07%	-8.23%	6.9%	2.8%	12.54%	-6.69%	5.22%	4.16%	9.29%	-6.46%	3.88%	3.66%	9.61%	-7.28%	3.97%	3.31%	9.72%	-6.71%
EBITDA ¹	13,098	17,808	22,599	22,935	26,109	28,209	29,278	28,380	28,134	26,157	27,461	25,885	31,009	30,886	32,672	34,149	36,998	38,352	40,987	40,609	41,641	43,110	46,891	46,066	47,561	48,870	53,709	-
Change	-	35.96%	26.9%	1.49%	13.84%	8.04%	3.79%	-3.07%	-0.87%	-7.03%	4.99%	-5.74%	19.8%	-0.4%	5.78%	4.52%	8.34%	3.66%	6.87%	-0.92%	2.54%	3.53%	8.77%	-1.76%	3.25%	2.75%	9.9%	-
EBIT ¹	6,383	11,213	15,651	16,437	19,361	21,031	21,885	20,094	19,453	17,135	18,160	17,415	21,838	21,343	23,697	25,472	27,425	28,521	30,972	30,606	30,811	31,759	34,811	32,884	33,698	34,584	38,364	35,767
Change	-	75.67%	39.58%	5.02%	17.79%	8.63%	4.06%	-8.18%	-3.19%	-11.92%	5.98%	-4.1%	25.4%	-2.27%	11.03%	7.49%	7.67%	4%	8.59%	-1.18%	0.67%	3.08%	9.61%	-5.54%	2.48%	2.63%	10.93%	-6.77%
Charge d'intérêts ¹	-13	-48	-53	-76	-76	-77	-	-	-	-902	-1,013	790	65	-146	715	2,843	-	-	-	-	-100	-100	-100	-	-	-	-	-
Earnings before Tax (EBT) ¹	8,277	13,359	18,689	21,283	21,985	23,064	24,402	18,934	19,014	16,233	17,147	18,205	21,903	21,197	24,412	28,315	27,551	31,706	32,243	41,789	31,967	32,629	35,368	33,586	34,437	35,302	39,386	36,963
Change	-	61.4%	39.9%	13.88%	3.3%	4.91%	5.8%	-22.41%	0.42%	-14.63%	5.63%	6.17%	20.31%	-3.22%	15.17%	15.99%	-2.7%	15.08%	1.69%	29.61%	-23.5%	2.07%	8.4%	-5.04%	2.53%	2.51%	11.57%	-6.15%
Net income ¹	6,959	11,247	15,227	17,930	18,525	18,936	20,642	16,436	16,002	13,910	13,624	15,051	18,368	19,689	20,687	23,662	23,619	26,301	26,536	34,540	26,587	27,301	29,560	28,107	28,817	29,536	32,956	30,679
Change	-	61.62%	35.39%	17.75%	3.32%	2.22%	9.01%	-20.38%	-2.64%	-13.07%	-2.06%	10.47%	22.04%	7.19%	5.07%	14.38%	-0.18%	11.36%	0.89%	30.16%	-23.03%	2.68%	8.27%	-4.91%	2.52%	2.5%	11.58%	-6.91%
Announcement Date	7/30/20	10/29/20	2/2/21	4/27/21	7/27/21	10/26/21	2/1/22	4/26/22	7/26/22	10/25/22	2/2/23	4/25/23	7/25/23	10/24/23	1/30/24	4/25/24	7/23/24	10/29/24	2/4/25	4/24/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Alphabet Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-122,762	-124,832	-99,061	-97,663	-84,774	-91,491	-115,841	-153,341
Change	-	-1.69%	20.64%	1.41%	13.2%	-7.92%	-26.61%	-32.37%
Announcement Date	2/2/21	2/1/22	2/2/23	1/30/24	2/4/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Alphabet Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	22,281	24,640	31,485	32,251	52,535	74,643	78,193	82,057
Change	-	10.59%	27.78%	2.43%	62.89%	42.08%	4.76%	4.94%
Free Cash Flow (FCF) ¹	42,843	67,012	60,010	69,495	72,764	76,405	90,099	108,007
Change	-	56.41%	-10.45%	15.81%	4.7%	5%	17.92%	19.88%
Announcement Date	2/2/21	2/1/22	2/2/23	1/30/24	2/4/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Alphabet Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	37.21%	41.35%	38.94%	38.61%	42.99%	44.53%	45.69%	46.82%
EBIT Margin (%)	22.59%	30.55%	26.46%	27.42%	32.11%	33.01%	33.17%	33.56%
EBT Margin (%)	26.34%	35.22%	25.22%	27.89%	34.23%	36.09%	34.41%	34.78%
Net margin (%)	22.06%	29.51%	21.2%	24.01%	28.6%	30.14%	28.58%	28.82%
FCF margin (%)	23.47%	26.01%	21.22%	22.61%	20.79%	19.7%	21.01%	22.84%
FCF / Net Income (%)	106.39%	88.14%	100.06%	94.17%	72.68%	65.36%	73.51%	79.27%
Profitability
ROA	13.52%	22.4%	16.55%	19.23%	23.48%	23.1%	21.48%	20.43%
ROE	19%	32.07%	23.62%	29.73%	32.91%	31.42%	27.94%	25.61%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	12.21%	9.56%	11.13%	10.49%	15.01%	19.25%	18.23%	17.35%
CAPEX / EBITDA (%)	32.81%	23.13%	28.59%	27.17%	34.91%	43.23%	39.9%	37.06%
CAPEX / FCF (%)	52.01%	36.77%	52.47%	46.41%	72.2%	97.69%	86.79%	75.97%
Items per share
Cash flow per share ¹	4.74	6.762	7.121	7.998	10.07	12.44	14.36	17.54
Change	-	42.68%	5.3%	12.31%	25.87%	23.57%	15.44%	22.12%
Dividend per Share ¹	-	-	-	-	0.6	0.8289	0.8711	0.9429
Change	-	-	-	-	-	38.15%	5.09%	8.24%
Book Value Per Share ¹	16.48	19	19.93	22.27	26.62	33	40.41	50.99
Change	-	15.31%	4.91%	11.74%	19.52%	23.96%	22.45%	26.18%
EPS ¹	2.93	5.61	4.56	5.8	8.04	9.603	10.19	11.58
Change	-	91.43%	-18.72%	27.19%	38.62%	19.45%	6.07%	13.72%
Nbr of stocks (in thousands)	13,528,525	13,275,280	12,943,000	12,516,000	12,241,000	12,134,751	12,134,751	12,134,751
Announcement Date	2/2/21	2/1/22	2/2/23	1/30/24	2/4/25	-	-	-