Twilio Inc. (TWLO) intrinsic value & 10-year financials
Twilio Inc. (TWLO) has a Graham intrinsic value of $6.98 per share. At $244.37 on Oct 17, 2026, the stock trades 3401% above that value. Over the last 10 fiscal years revenue grew 38.1% a year to $5.1B, with an average return on invested capital of 23.0%.
- Graham intrinsic value
- $6.98
- Share price (Oct 17, 2026)
- $244.37
- Price vs Graham value
- 3401% above
- Market cap
- $39.0B
- Revenue (FY2025)
- $5.1B
- Revenue growth (10-yr CAGR)
- 38.1%
- ROIC (10-yr avg)
- 23.0%
- Free cash flow (FY2025)
- $997.4M
TWLO 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $5.1B | $33.8M | $0.21 | $997.4M | 3.1% | 1.2% |
| FY2024 | $4.5B | -$109.4M | -$0.66 | $709.3M | -1.2% | -0.6% |
| FY2023 | $4.2B | -$1.0B | -$5.54 | $403.4M | -21.1% | -8.2% |
| FY2022 | $3.8B | -$1.3B | -$6.86 | -$288.8M | -31.5% | -11.0% |
| FY2021 | $2.8B | -$949.9M | -$5.45 | -$104.2M | -32.2% | -9.6% |
| FY2020 | $1.8B | -$491.0M | -$3.35 | $6.8M | -28.0% | -7.8% |
| FY2019 | $1.1B | -$307.1M | -$2.36 | -$31.3M | -32.6% | -15.2% |
| FY2018 | $650.1M | -$121.9M | — | $3.3M | -17.7% | 235.3% |
| FY2017 | $399.0M | -$63.7M | — | -$12.5M | -16.6% | — |
| FY2016 | $277.3M | -$41.3M | — | -$4.1M | -14.9% | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
TWILIO INC is a consistent compounder, expanding top-line revenue at 38.1% annually over the past decade.
TWILIO INC has historically struggled to out-earn its cost of capital, averaging just -6.1% ROIC.
TWILIO INC capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, TWILIO INC is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $6.98 per share.