GOOG — Alphabet Inc. · Research

Numbers on the wire.

Market cap

$4.29T

P/E (TTM)

26.83

P/S (TTM)

10.17

EV / EBITDA

67.33

Gross margin

60.37%

Op margin

32.69%

Net margin

37.92%

FCF margin

—

Rev growth YoY

17.45%

EPS growth YoY

48.51%

ROE

38.98%

ROA

27.41%

Debt / Equity

0.16

Current ratio

1.92

Price / Book

7.26

Beta

1.25

Layer Presence.

Post-Quantum CryptographyNIST post-quantum cryptography standardization (CRYSTALS-Kyber/ML-KEM, CRYSTALS-Dilithium/ML-DSA, FALCON/FN-DSA, SPHINCS+/SLH-DSA) and algorithm library vendors.55%
Quantum Computing (All Modalities)Quantum software frameworks, compilers, and middleware (Qiskit, Cirq, Braket, CUDA-Q, etc.).68%
Quantum Computing (All Modalities)Error correction decoders, fault-tolerant circuit compilers, and syndrome extraction software.60%
Quantum Computing (All Modalities)Cloud-hosted quantum computing platforms, managed services, and end-user access layers.72%
Quantum Networking & QKDQuantum repeaters, quantum memory nodes, and entanglement distribution for long-haul quantum networks.50%

Google's Willow chip (2024, 105 qubits, below-threshold error correction) is the strongest quantum advantage demonstration to date. Cloud access remains research-focused, not commercial. Quantum is optionality for Alphabet, not a revenue driver. Risk: advantage claims context-dependent; commercial path unclear.

GOOG — Alphabet Inc.

Numbers on the wire.

Layer Presence.

From the EDGAR wire.

From the tape.