Snap Gross Profit from 2010 to 2024

SNAP Stock

USD 11.60 0.18 1.58%

Snap Gross Profit yearly trend continues to be relatively stable with very little volatility. Gross Profit is likely to grow to about 2.6 B this year. Gross Profit is the profit Snap Inc makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. View All Fundamentals

Gross Profit

First Reported

2015-03-31

Previous Quarter

611.8 M

Current Value

733.7 M

Quarterly Volatility

297.8 M

Yuan Drop

Covid

Check Snap financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Snap's main balance sheet or income statement drivers, such as Tax Provision of 29.5 M, Interest Income of 176.8 M or Depreciation And Amortization of 116.9 M, as well as many indicators such as Price To Sales Ratio of 5.63, Dividend Yield of 0.0 or PTB Ratio of 17.14. Snap financial statements analysis is a perfect complement when working with Snap Valuation or Volatility modules.

Check out the analysis of Snap Correlation against competitors.

Latest Snap's Gross Profit Growth Pattern

Below is the plot of the Gross Profit of Snap Inc over the last few years. Gross profit is a required income statement account that reflects total revenue of Snap Inc minus its cost of goods sold. It is profit before Snap operating expenses, interest payments and taxes. Gross profit is also known as gross margin. It is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. Snap's Gross Profit historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Snap's overall financial position and show how it may be relating to other accounts over time.

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Last Reported 2.81 B

10 Years Trend

Slightly volatile

Compare to Others All Fundamentals

Gross Profit

Timeline

Snap Gross Profit Regression Statistics

	Arithmetic Mean	807,036,127
	Coefficient Of Variation	145.60
	Mean Deviation	1,008,467,085
	Median	107,487,000
	Standard Deviation	1,175,030,379
	Sample Variance	1380696.4T
	Range	2.9B
	R-Value	0.90
	Mean Square Error	288469.2T
	R-Squared	0.81
	Slope	235,884,737
	Total Sum of Squares	19329749.5T

Snap Gross Profit History

	2024	2.6 B
	2023	2.5 B
	2022	2.8 B
	2021	2.4 B
	2020	1.3 B
	2019	819.7 M
	2018	381.6 M

Other Fundumenentals of Snap Inc

Gross Profit Margin

Snap Gross Profit component correlations

	Total Assets	Total Stockholder Equity	Net Tangible Assets	Net Debt	Retained Earnings	Accounts Payable	Long Term Debt	Net Receivables	Good Will	Long Term Debt Total	Capital Surpluse	Total Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Short Term Investments	Net Invested Capital	Net Working Capital	Capital Stock	Current Deferred Revenue
Total Assets		0.85	0.43	0.87	-0.93	0.83	0.89	0.99	1.0	0.86	0.97	0.91	0.9	0.86	1.0	0.96	0.87	0.91	0.81	0.9	0.91	0.9	0.88	0.39
Total Stockholder Equity	0.85		0.84	0.61	-0.83	0.64	0.65	0.79	0.85	0.6	0.87	0.66	0.89	0.82	0.85	0.78	0.94	0.93	0.86	0.78	0.63	0.62	0.7	0.29
Net Tangible Assets	0.43	0.84		0.2	-0.49	0.29	0.21	0.35	0.43	0.17	0.52	0.23	0.61	0.59	0.43	0.34	0.69	0.68	0.63	0.43	0.14	0.14	0.32	0.14
Net Debt	0.87	0.61	0.2		-0.93	0.92	0.96	0.88	0.86	0.97	0.84	0.97	0.74	0.78	0.87	0.84	0.61	0.78	0.6	0.86	0.84	0.82	0.87	0.48
Retained Earnings	-0.93	-0.83	-0.49	-0.93		-0.9	-0.93	-0.93	-0.93	-0.9	-0.95	-0.92	-0.9	-0.93	-0.93	-0.9	-0.78	-0.95	-0.79	-0.86	-0.79	-0.76	-0.88	-0.44
Accounts Payable	0.83	0.64	0.29	0.92	-0.9		0.95	0.83	0.83	0.97	0.8	0.95	0.67	0.8	0.82	0.77	0.66	0.74	0.59	0.74	0.83	0.8	0.92	0.3
Long Term Debt	0.89	0.65	0.21	0.96	-0.93	0.95		0.91	0.89	0.99	0.85	0.99	0.72	0.77	0.89	0.88	0.69	0.78	0.64	0.8	0.89	0.86	0.93	0.38
Net Receivables	0.99	0.79	0.35	0.88	-0.93	0.83	0.91		0.99	0.88	0.96	0.92	0.88	0.85	0.99	0.98	0.82	0.89	0.78	0.86	0.92	0.9	0.89	0.43
Good Will	1.0	0.85	0.43	0.86	-0.93	0.83	0.89	0.99		0.86	0.97	0.9	0.9	0.86	0.99	0.96	0.88	0.91	0.82	0.87	0.91	0.89	0.88	0.36
Long Term Debt Total	0.86	0.6	0.17	0.97	-0.9	0.97	0.99	0.88	0.86		0.8	0.99	0.67	0.74	0.86	0.84	0.64	0.73	0.6	0.78	0.9	0.88	0.94	0.38
Capital Surpluse	0.97	0.87	0.52	0.84	-0.95	0.8	0.85	0.96	0.97	0.8		0.84	0.97	0.93	0.96	0.92	0.83	0.96	0.83	0.87	0.79	0.77	0.81	0.42
Total Liab	0.91	0.66	0.23	0.97	-0.92	0.95	0.99	0.92	0.9	0.99	0.84		0.72	0.76	0.9	0.89	0.7	0.78	0.66	0.83	0.92	0.9	0.95	0.39
Long Term Investments	0.9	0.89	0.61	0.74	-0.9	0.67	0.72	0.88	0.9	0.67	0.97	0.72		0.91	0.9	0.85	0.79	0.95	0.85	0.85	0.65	0.63	0.69	0.45
Short Long Term Debt	0.86	0.82	0.59	0.78	-0.93	0.8	0.77	0.85	0.86	0.74	0.93	0.76	0.91		0.85	0.78	0.72	0.94	0.75	0.74	0.64	0.6	0.73	0.38
Total Current Assets	1.0	0.85	0.43	0.87	-0.93	0.82	0.89	0.99	0.99	0.86	0.96	0.9	0.9	0.85		0.95	0.87	0.9	0.81	0.91	0.91	0.9	0.88	0.4
Short Term Debt	0.96	0.78	0.34	0.84	-0.9	0.77	0.88	0.98	0.96	0.84	0.92	0.89	0.85	0.78	0.95		0.81	0.86	0.78	0.82	0.9	0.88	0.88	0.52
Intangible Assets	0.87	0.94	0.69	0.61	-0.78	0.66	0.69	0.82	0.88	0.64	0.83	0.7	0.79	0.72	0.87	0.81		0.84	0.81	0.76	0.76	0.75	0.75	0.16
Common Stock	0.91	0.93	0.68	0.78	-0.95	0.74	0.78	0.89	0.91	0.73	0.96	0.78	0.95	0.94	0.9	0.86	0.84		0.87	0.82	0.68	0.66	0.76	0.41
Property Plant Equipment	0.81	0.86	0.63	0.6	-0.79	0.59	0.64	0.78	0.82	0.6	0.83	0.66	0.85	0.75	0.81	0.78	0.81	0.87		0.67	0.64	0.64	0.76	0.15
Short Term Investments	0.9	0.78	0.43	0.86	-0.86	0.74	0.8	0.86	0.87	0.78	0.87	0.83	0.85	0.74	0.91	0.82	0.76	0.82	0.67		0.78	0.78	0.73	0.5
Net Invested Capital	0.91	0.63	0.14	0.84	-0.79	0.83	0.89	0.92	0.91	0.9	0.79	0.92	0.65	0.64	0.91	0.9	0.76	0.68	0.64	0.78		1.0	0.91	0.3
Net Working Capital	0.9	0.62	0.14	0.82	-0.76	0.8	0.86	0.9	0.89	0.88	0.77	0.9	0.63	0.6	0.9	0.88	0.75	0.66	0.64	0.78	1.0		0.9	0.3
Capital Stock	0.88	0.7	0.32	0.87	-0.88	0.92	0.93	0.89	0.88	0.94	0.81	0.95	0.69	0.73	0.88	0.88	0.75	0.76	0.76	0.73	0.91	0.9		0.31
Current Deferred Revenue	0.39	0.29	0.14	0.48	-0.44	0.3	0.38	0.43	0.36	0.38	0.42	0.39	0.45	0.38	0.4	0.52	0.16	0.41	0.15	0.5	0.3	0.3	0.31

Click cells to compare fundamentals

About Snap Financial Statements

Snap shareholders use historical fundamental indicators, such as Gross Profit, to determine how well the company is positioned to perform in the future. Although Snap investors may analyze each financial statement separately, they are all interrelated. The changes in Snap's assets and liabilities, for example, are also reflected in the revenues and expenses on on Snap's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.

	Last Reported	Projected for Next Year
Gross Profit	2.5 B	2.6 B
Gross Profit Margin	0.54	0.57

Pair Trading with Snap

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Snap position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Snap will appreciate offsetting losses from the drop in the long position's value.

Moving against Snap Stock

0.68	EVER	EverQuote Class A	Pair Corr
0.64	TC	TuanChe ADR	Pair Corr
0.34	MAX	MediaAlpha	Pair Corr

The ability to find closely correlated positions to Snap could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Snap when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Snap - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Snap Inc to buy it.

The correlation of Snap is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Snap moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Snap Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Snap can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Snap Stock Analysis

When running Snap's price analysis, check to measure Snap's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Snap is operating at the current time. Most of Snap's value examination focuses on studying past and present price action to predict the probability of Snap's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Snap's price. Additionally, you may evaluate how the addition of Snap to your portfolios can decrease your overall portfolio volatility.

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