SNOWSnowflake Inc.
Is the business good?
The checks split: nothing decisive, though margins widening.
Mixed fundamental signals. Nine pass/fail tests of year-over-year health from the filings.
Operating margin has widened over the past few years, the business is getting more profitable per dollar of sales.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is SNOW?
Snowflake Inc. keeps −23% of every revenue dollar as operating profit, against 6.4% for the median Software - Application name.
Operating margin · Software - Application median 6.4% · 12 months to Q2 2027
- Share count, year on year
- +4.2%
Share count, year on year · shareholders own a smaller slice than a year ago
- R&D as % of revenue
- 39%
R&D as % of revenue
- Gross margin
- 67%
Gross margin
| Year | Operating margin |
|---|---|
| FY2021 | −92% |
| FY2022 | −59% |
| FY2023 | −41% |
| FY2024 | −39% |
| FY2025 | −40% |
| FY2026 | −31% |
Details›
- Gross margin12 months to Q2 2027
- 67%
- Operating margin12 months to Q2 2027
- −23%
- Net margin12 months to Q2 2027
- −20%
- Free cash flow margin
- 22%
- R&D as % of revenue
- 39%
- Revenue, trailing twelve months
- $5.43B
- Free cash flow, trailing twelve months
- $1.20B
- Net income, trailing twelve months
- −$1.09B
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Software, Application
Ranks #73 of 96 by RyuScore