Snowflake maintained its extraordinarily strong artificial intelligence-led growth momentum in the second quarter. Total revenue growth accelerated to 35%, easily beating last quarter's 30% guidance. Non-GAAP operating margin of 15.3% was also 280 basis points higher than guidance.
The total addressable market of data warehouse and data lake should experience double-digit annual growth over the next decade, and Snowflake is one of the leaders in the segment.
Competition with Databricks' and hyperscalers’ data warehouse products continues to intensify, leading to heavy marketing and R&D pressure for Snowflake.
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Metric
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SNOW
|
AMZN
|
MSFT
|
|---|---|---|---|
Price/Earnings (Normalized) | 203.55 | 34.67 | 30.54 |
Price/Book Value | 56.07 | 4.85 | 8.61 |
Price/Sales | 21.66 | 3.48 | 11.52 |
Price/Cash Flow | 109.15 | 14.10 | 20.35 |
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Metric
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SNOW
|
AMZN
|
MSFT
|
|---|---|---|---|
Quick Ratio | 0.82 | 0.87 | 0.93 |
Current Ratio | 0.94 | 1.03 | 1.23 |
Interest Coverage | −148.85 | 52.28 | 54.30 |
|
Metric
|
SNOW
|
AMZN
|
MSFT
|
|---|---|---|---|
Return on Assets (Normalized) | 7.39% | 10.39% | 20.85% |
Return on Equity (Normalized) | 30.07% | 20.90% | 35.98% |
Return on Invested Capital (Normalized) | 10.42% | 14.69% | 31.25% |
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1-Day Chart
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