QCOM
QUALCOMM INC/DE
Technology • CIK: 0000804328
Loading...
Market Cap
$185.44B
P/E (TTM)
33.5x
Rev Growth (TTM)
+13.7%
Net Margin (TTM)
12.5%
FCF Yield (TTM)
6.9%
FCF Margin (TTM)
28.9%
Cash Flow Health
Free Cash Flow8/8 positive
TTM$12.8B
Q4 '26
$3.6B+39%
Q3 '25
$2.6B+10%
FCF Margin
TTM28.9%
Q4 '2631.8%+28%
Sector: 14.5%Top 25%
OCF Margin31.6%
OCF/NI2.53x
CapEx Coverage11.8x
FCF Yield6.9%
FCF Growth (2Y)+23%
Cash Conversion Cycle
98 days
DSO: 27+DIO: 117−DPO: 47
Capital Allocation & Returns
Shareholder Friendly
Total Shareholder YieldTTM
TTM6.8%
Div Yield2.1%
+Buyback (TTM)4.7%
Strong capital returns to shareholders
Dividend & Payout Metrics
Dividend Yield (TTM)2.1%
FCF Payout Ratio29.8%
Free Cash Flow (TTM)$12.8B
Stock Repurchases (TTM)$8.8B
Capital Return / FCF98.3%
Est. Dividends Paid (TTM)$3.8B
Shows how management rewards shareholders
Operational Efficiency & Returns
Return on Invested CapitalTTM
-62.2%
Volatile
-0.5% YoY-71.6%
P25MedianP75
25th pctl (med: 0.1%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
12.2%
8Q: 24.9%
Asset Turnover
0.81x
8Q: 0.76x
Leverage (1+D/E)
–
Asset & CapEx Efficiency
Fixed Asset Turn
9.82x
8Q:9.01x
+182.7%
Invested Cap Turn
-5.10x
8Q:-5.69x
-71.1%
CapEx Intensity
-13.7%
8Q:-15.8%
CapEx/Depreciation
0.74x
Depreciation Rate Trend
⚠ Declining -5.3%
Asset-based ROIC formula
QUARTERLY TRENDS
Last 8 quarters + TTM
| Metric | TTM | Q4 2026 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2025 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | $44.3B | $11.3B↑8.7% | $10.4B↓5.6% | $11.0B↓5.9% | $11.7B↑13.9% | $10.2B↑9.1% | $9.4B↑0.0% | $9.4B↓5.5% | $9.9B |
Operating Income | $12.4B | $2.9B↑5.6% | $2.8B↓11.5% | $3.1B↓12.2% | $3.6B↑37.7% | $2.6B↑16.3% | $2.2B↓5.1% | $2.3B↓20.1% | $2.9B |
Net Income | $5.5B | $-3.1B↓216.9% | $2.7B↓5.2% | $2.8B↓11.6% | $3.2B↑8.9% | $2.9B↑37.2% | $2.1B↓8.5% | $2.3B↓15.9% | $2.8B |
Operating Cash Flow | $14.0B | $4.0B↑39.0% | $2.9B↑12.6% | $2.6B↓44.3% | $4.6B↑73.3% | $2.6B↓13.3% | $3.1B↓14.1% | $3.6B↑20.5% | $2.9B |
Free Cash Flow | $12.8B | $3.6B↑39.1% | $2.6B↑10.3% | $2.3B↓45.7% | $4.3B↑80.3% | $2.4B↓10.3% | $2.7B↓20.9% | $3.4B↑23.2% | $2.7B |
Total Equity | N/A |
Valuation Analysis
Fair Value
Price-to-EarningsTTM
33.5x
Valuation Lenses
Earnings
33.5x
vs – sector
Cash Flow
13.0x
EV/FCF vs –
Growth-Adj
2.5xPEG
Expensive for growth
Quality-Adj
–P/E per %ROIC
ROIC: -62.2%
Shareholder Returns
Dividend
2.1%
Buyback
4.7%
Total Yield
6.8%
Market Cap$185.44B
EV–
Multi-angle valuation analysis with sector context
Business Quality & Moat
Overall Quality Score
-94/100
Below Average
Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)
Returns on Capital
Return on Equity (ROE)
–
8Q:–
Return on Invested Capital (ROIC)Below Avg
-62.2%
8Q:–
-71.6%
vs Sector:0.1%
DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)
NOPAT Margin: 12.2%
Asset Turnover: 0.81x
Earnings Quality
Cash Conversion
2.53x
OCF / Net Income ✓
FCF Consistency
–
Positive quarters
Competitive Moat Indicators
Pricing Power
Gross Margin55.4%
Capital Efficiency
Invested Capital Turnover-5.10x
Working Capital
Cash Conversion Cycle98 days
Growth Quality & Momentum
Moderate Growth
Growth Quality Score
74/100
Growth 40%
Margins 30%
FCF 20%
Consistency 10%
Growth Rates
Revenue Growth YoY
13.7%
OpInc Growth YoY
13.0%
EPS Growth YoY
-44.3%
FCF 3Y CAGR
23.3%
Growth Quality Analysis
✓Efficient Growth: Free cash flow growing faster than revenue
✓Sustainability Index: 7.5/10 - Highly sustainable growth
Margin Quality & Sustainability
Low Quality
Profitability Cascade
Gross
55.4%
Operating
27.9%
Top 25% in sector
Net
12.5%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
—
FCF vs Net Gap
+16.4 pts
FCF: 28.9% | Net: 12.5%
Quality = stability + cash conversion + low dilution
Balance Sheet & Solvency
Net Debt / EBITDA
–Net Debt: $4.66B
Interest Coverage
–
Leverage Metrics
Debt-to-Equity
–x
Balance sheet risk & solvency analysis