+3% above 5y medianEV / revenue vs. its own five years
Board median EV / revenue10.2×five-year median 11.8× · −14%
Median Rule of 405321 of 24 above the line
Median revenue growth18%a year ago 15% · accelerating
Median SBC / revenue11%FCF margin 30% → 16% ex-SBC
Lights on1 of 3prices Oct 16, 2026 · TTM through Aug 31, 2026
Against the line
growth + FCF margin, in points
line 40score 54
growth 32 ptFCF margin 22 pt
Growth +32% plus FCF margin +22% is 54 points, 14 above the line at 40. Counting the stock as an expense: 24 points.
Where it has traded
quarter-end EV / revenue · 20 quarters · Oct 31, 2021 → Jul 31, 2026
Five-year median 19.2×, middle half 15.5–23.3×, range 9.3–100.9×. Now 19.8×: +3% above its own median, higher than 55% of those quarters.Each quarter at its own close, shares and balance sheet · the band is the 25th–75th percentile
What the cash flow really is
TTM through Jul 31, 2026 · $B
FCF 1.20B − SBC 1.64B = -0.45B ex-SBC · operating income -1.24B is the GAAP figure after SBC
Against its scale group
SNOW (blue) vs. the other Large companies on the board (14), grey
Revenue growth+32% vs. +26%
Gross margin67% vs. 76%
FCF margin+22% vs. +34%
SBC / revenue30% vs. 13%
Rule of 4054 vs. 60
EV / revenue19.8× vs. 18.7×
Group averages are the plain mean of the other companies in the same scale group with a usable window.
Quarter by quarter
8 quarters · Oct 31, 2024 → Jul 31, 2026 · a gap is a dropped quarter