Meta Platforms Inc. (META)
Return on total capital
| Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 85,932,000 | 71,378,000 | 46,751,000 | 28,944,000 | 46,753,000 |
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 217,243,000 | 182,637,000 | 153,168,000 | 125,713,000 | 124,879,000 |
| Return on total capital | 39.56% | 39.08% | 30.52% | 23.02% | 37.44% |
December 31, 2025 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $85,932,000K ÷ ($—K + $217,243,000K)
= 39.56%