AAPL
Apple Inc.
Technology • CIK: 0000320193
Loading...
Market Cap
$3.68T
P/E (TTM)
30.0x
Rev Growth (TTM)
+12.8%
Net Margin (TTM)
27.2%
FCF Yield (TTM)
3.5%
FCF Margin (TTM)
28.6%
Cash Flow Health
Free Cash Flow8/8 positive
TTM$129.2B
Q2 '26
$26.7B-48%
Q1 '26
$51.6B+95%
FCF Margin
TTM28.6%
Q2 '2624.0%-33%
Sector: 8.5%Top 25%
OCF Margin31.1%
OCF/NI1.14x
CapEx Coverage12.7x
FCF Yield3.5%
FCF Growth (2Y)+10%
Cash Conversion Cycle
-59 days
DSO: 27+DIO: 9−DPO: 96
Capital Allocation & Returns
Balanced
Total Shareholder YieldTTM
TTM2.5%
Div Yield0.4%
+Buyback (TTM)2.1%
Balancing returns with reinvestment
Dividend & Payout Metrics
Dividend Yield (TTM)0.4%
FCF Payout Ratio12.0%
Free Cash Flow (TTM)$129.2B
Stock Repurchases (TTM)$78.2B
Capital Return / FCF72.6%
Est. Dividends Paid (TTM)$15.6B
Shows how management rewards shareholders
Operational Efficiency & Returns
Return on Invested CapitalTTM
70.2%
Volatile
+0.1% YoY+27.0%
P25MedianP75
75th pctl (med: 0.0%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
27.1%
8Q: 26.4%
Asset Turnover
1.27x
8Q: 1.16x
Leverage (1+D/E)
1.80x
D/E: 0.80x
DuPont: 61.8% ≈ 70.2% ROIC
Asset & CapEx Efficiency
Fixed Asset Turn
9.17x
8Q:8.38x
+125.9%
Invested Cap Turn
9.73x
8Q:10.97x
-169.6%
CapEx Intensity
23.8%
8Q:31.4%
CapEx/Depreciation
0.88x
Asset-based ROIC formula
QUARTERLY TRENDS
Last 8 quarters + TTM
| Metric | TTM | Q2 2026 | Q1 2026 | Q4 2026 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2025 | Q3 2024 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | $451.4B | $111.2B↓22.7% | $143.8B↑40.3% | $102.5B↑9.0% | $94.0B↓1.4% | $95.4B↓23.3% | $124.3B↑30.9% | $94.9B↑10.7% | $85.8B |
Operating Income | $147.4B | $35.9B↓29.4% | $50.9B↑56.8% | $32.4B↑15.0% | $28.2B↓4.7% | $29.6B↓30.9% | $42.8B↑44.7% | $29.6B↑16.7% | $25.4B |
Net Income | $122.6B | $29.6B↓29.7% | $42.1B↑53.3% | $27.5B↑17.2% | $23.4B↓5.4% | $24.8B↓31.8% | $36.3B↑146.5% | $14.7B↓31.3% | $21.4B |
Operating Cash Flow | $140.2B | $28.7B↓46.8% | $53.9B↑81.4% | $29.7B↑6.7% | $27.9B↑16.3% | $24.0B↓20.0% | $29.9B↑11.7% | $26.8B↓7.1% | $28.9B |
Free Cash Flow | $129.2B | $26.7B↓48.1% | $51.6B↑94.6% | $26.5B↑8.5% | $24.4B↑16.9% | $20.9B↓22.6% | $27.0B↑12.9% | $23.9B↓10.5% | $26.7B |
Total Equity | N/A |
Valuation Analysis
Fair Value
Price-to-EarningsTTM
30.0x
Volatile
8Q: 130.1x-6606%
Valuation Lenses
Earnings
30.0x
vs – sector
Cash Flow
28.8x
EV/FCF vs –
Growth-Adj
1.0xPEG
Fair for growth
Quality-Adj
0.4P/E per %ROIC
ROIC: 70.2%
Shareholder Returns
Dividend
0.4%
Buyback
2.1%
Total Yield
2.5%
Market Cap$3.68T
EV$3.72T
Multi-angle valuation analysis with sector context
Business Quality & Moat
Overall Quality Score
70/100
High Quality
Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)
Returns on Capital
Return on Equity (ROE)Top 10%
1.6%
8Q:–
Return on Invested Capital (ROIC)Top 25%
70.2%
8Q:–
+27.0%
vs Sector:0.0%
DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)
NOPAT Margin: 27.1%
Asset Turnover: 1.27x
Earnings Quality
Cash Conversion
1.14x
OCF / Net Income ✓
FCF Consistency
–
Positive quarters
Competitive Moat Indicators
Pricing Power
Gross Margin47.9%
Capital Efficiency
Invested Capital Turnover9.73x
Working Capital
Cash Conversion Cycle-59 days
Growth Quality & Momentum
Moderate Growth
Growth Quality Score
68/100
Growth 40%
Margins 30%
FCF 20%
Consistency 10%
Growth Rates
Revenue Growth YoY
12.8%
OpInc Growth YoY
21.3%
EPS Growth YoY
29.1%
FCF 3Y CAGR
9.8%
Margin Quality & Sustainability
High Quality
Profitability Cascade
Gross
47.9%
Operating
32.6%
Top 25% in sector
Net
27.2%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
—
FCF vs Net Gap
+1.5 pts
FCF: 28.6% | Net: 27.2%
Quality = stability + cash conversion + low dilution
Balance Sheet & Solvency
Adequate
Net Debt / EBITDA
–Net Debt: $16.20B
Interest Coverage
–
Leverage Metrics
Debt-to-Equity
0.80x
Balance sheet risk & solvency analysis