Earnings quality
Compare earnings and operating cash flow for earnings quality.
Alphabet Inc.
Ticker GOOGL · 🇺🇸 United States · Consolidated US GAAP · amounts in dollars
Filed 2026-02-05 · Period end 2024-12-31
Takeaway
Worth trackingSales and operating profit both moved in a healthier direction.
operating margin is 36.9%; equity ratio is 69.8%.
Sales and operating profit moved together — keep watching margins and whether the trend persists next period.
ActionWorth tracking
OP margin36.9%
Equity ratio69.8%
Last price—
Trailing P/E—
Look at next
- Compare operating cash flow to reported profit across the last two years.
- Open English IR for management commentary on outlook and capital allocation.
- Overlay peers on Compare before judging relative momentum.
About the company
Alphabet Inc. is a US-listed company with consolidated financial statements filed on SEC EDGAR.
Financial statements
Income statement
| Account | FY2023 (ended Dec 31, 2023) | FY2024 (ended Dec 31, 2024) |
|---|---|---|
| Revenue | $307.4B | $350.0B |
| Cost of sales* | — | — |
| Gross profit | — | — |
| Operating profit | $112.4B | $129.0B |
| Income tax | $19.7B | $26.7B |
| Net income | $100.1B | $132.2B |
| Basic EPS | 8.13 | 10.91 |
Balance sheet
| Account | FY2023 (ended Dec 31, 2023) | FY2024 (ended Dec 31, 2024) |
|---|---|---|
| Cash & equivalents | $23.5B | $30.7B |
| Current assets | $163.7B | $206.0B |
| Non-current assets* | $286.5B | $389.2B |
| Total assets | $450.3B | $595.3B |
| Current liabilities | $89.1B | $102.7B |
| Non-current liabilities* | $36.0B | $77.3B |
| Total liabilities | $125.2B | $180.0B |
| Stockholders’ equity | $325.1B | $415.3B |
Cash flow statement
| Account | FY2023 (ended Dec 31, 2023) | FY2024 (ended Dec 31, 2024) |
|---|---|---|
| Operating cash flow | $125.3B | $164.7B |
| Investing cash flow | -$45.5B | -$120.3B |
| Financing cash flow | -$79.7B | -$37.4B |
| Cash at end of period | $23.5B | $30.7B |
Five-year trends
Key metrics
| Metric | Trend | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 |
|---|---|---|---|---|---|---|
| Revenue | $182.5B | $257.6B | $282.8B | $307.4B | $350.0B | |
| Operating profit | $41.2B | $78.7B | $74.8B | $84.3B | $112.4B | |
| Net income | $40.3B | $76.0B | $60.0B | $73.8B | $100.1B | |
| Total assets | $319.6B | $359.3B | $365.3B | $402.4B | $450.3B | |
| Cash & equivalents | $26.5B | $20.9B | $21.9B | $24.0B | $23.5B | |
| Stockholders’ equity | $222.5B | $251.6B | $256.1B | $283.4B | $325.1B |
How we read these numbers
From the notes
No material one-offs extracted from this filing.
Constructive
Sales and operating profit both moved in a healthier direction.
On the income statement, revenue moved from $307.4B to $350.0B (▲ +13.9%). Operating profit went from $112.4B to $129.0B (▲ +14.8%).
Operating cash flow was $164.7B (prior $125.3B), with cash on the balance sheet at $30.7B versus $23.5B.
Liquidity & leverage
Cash moved from $23.5B to $30.7B; current liabilities $102.7B.
Capital buffer
Stockholders’ equity moved from $325.1B to $415.3B.
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Source: SEC EDGAR 0001652044-26-000018
(Alphabet Inc.), period end 2024-12-31.