Apple Inc.(AAPL)Earnings, Financials & Key Ratios

AAPL•NASDAQ

$284.18

$4.17T mkt cap·38.1× P/E·Price updated May 6, 2026

SectorTechnology IndustryConsumer Electronics Sub-IndustrySmartphones, tablets, and ecosystems

AboutApple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod. It also provides AppleCare support and cloud services; and operates various platforms, including the App Store that allow customers to discover and download applications and digital content, such as books, music, video, games, and podcasts, as well as advertising services include third-party licensing arrangements and its own advertising platforms. In addition, the company offers various subscription-based services, such as Apple Arcade, a game subscription service; Apple Fitness+, a personalized fitness service; Apple Music, which offers users a curated listening experience with on-demand radio stations; Apple News+, a subscription news and magazine service; Apple TV+, which offers exclusive original content; Apple Card, a co-branded credit card; and Apple Pay, a cashless payment service, as well as licenses its intellectual property. The company serves consumers, and small and mid-sized businesses; and the education, enterprise, and government markets. It distributes third-party applications for its products through the App Store. The company also sells its products through its retail and online stores, and direct sales force; and third-party cellular network carriers, wholesalers, retailers, and resellers. Apple Inc. was founded in 1976 and is headquartered in Cupertino, California.Show more

Revenue$416.16B+6.4%
EBITDA$144.75B+7.5%
Net Income$112.01B+19.5%
EPS (Diluted)7.46+22.7%
Gross Margin46.91%+1.5%
EBITDA Margin34.78%+1.0%
Operating Margin31.97%+1.5%
Net Margin26.92%+12.3%
ROE171.42%+8.9%
ROIC67.37%+10.1%
Debt/Equity1.52-27.1%

Analysis→Technical→

AAPL Key Insights

Apple Inc. (AAPL) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Excellent 3Y average ROE of 166.9%
✓Strong Piotroski F-Score: 8/9
✓FCF machine: 23.7% free cash flow margin
✓14 consecutive years of dividend growth
✓Share count reduced 2.6% through buybacks
✓Healthy 5Y average net margin of 25.5%

✗Weaknesses

✗Expensive at 57.8x book value

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

AAPL Price & Volume

Apple Inc. (AAPL) stock price & volume — 10-year historical chart

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AAPL Growth Metrics

Apple Inc. (AAPL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years5.94%

5 Years8.68%

3 Years1.81%

TTM12.76%

Profit CAGR

10 Years7.69%

5 Years14.3%

3 Years3.92%

TTM25.98%

EPS CAGR

10 Years12.49%

5 Years17.86%

3 Years6.88%

TTM28.82%

Return on Capital

10 Years42.67%

5 Years58.71%

3 Years62.72%

Last Year69.62%

AAPL Recent Earnings

Apple Inc. (AAPL) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 12/12 qtrs (100%)●Beat Revenue 12/12 qtrs (100%)

Q2 2026Latest

Apr 30, 2026

EPS

$2.01

Est $1.95

+3.1%

Revenue

$111.2B

Est $109.5B

+1.6%

Q1 2026

Jan 29, 2026

EPS

$2.85

Est $2.67

+6.7%

Revenue

$143.8B

Est $138.4B

+3.9%

Q4 2025

Oct 30, 2025

EPS

$1.85

Est $1.73

+6.9%

Revenue

$102.5B

Est $102.2B

+0.2%

Q3 2025

Jul 31, 2025

EPS

$1.57

Est $1.44

+9.0%

Revenue

$94.0B

Est $89.6B

+5.0%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	Apr 30, 2026	$2.01vs $1.95+3.1%	$111.2Bvs $109.5B+1.6%
Q1 2026	Jan 29, 2026	$2.85vs $2.67+6.7%	$143.8Bvs $138.4B+3.9%
Q4 2025	Oct 30, 2025	$1.85vs $1.73+6.9%	$102.5Bvs $102.2B+0.2%
Q3 2025	Jul 31, 2025	$1.57vs $1.44+9.0%	$94.0Bvs $89.6B+5.0%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
MSFTMicrosoft CorporationDirect Competitor	3.06T	411.35	30.16	14.93%	39.34%	33.13%	0.33
GOOGLAlphabet Inc.Direct Competitor	4.7T	388.47	35.94	15.13%	37.91%	38.98%	0.14
AMZNAmazon.com, Inc.Direct Competitor	2.94T	273.52	38.15	12.38%	12.22%	23.34%	0.37
METAMeta Platforms, Inc.Direct Competitor	1.53T	604.96	25.75	22.17%	32.84%	33.22%	0.39
SONYSony Group CorporationProduct Competitor	119.98B	20.12	16.72	-0.49%	9.17%	14.64%	0.49
HPQHP Inc.Product Competitor	19.4B	21.15	7.98	3.24%	4.46%	73.64%
DELLDell Technologies Inc.Product Competitor	72.26B	216.39		18.8%	5.23%
SPOTSpotify Technology S.A.Product Competitor	86.35B	419.53	34.01	9.65%	15.45%	35.34%	0.28

Compare AAPL vs Peers

Apple Inc. (AAPL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs MSFT

Most directly comparable listed peer for AAPL.

Scale Benchmark

vs NVDA

Larger-name benchmark to compare AAPL against a more recognizable public peer.

Peer Set

Compare Top 5

vs MSFT, GOOGL, AMZN, META

AAPL Income Statement

Apple Inc. (AAPL) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Sep'17	Sep'18	Sep'19	Sep'20	Sep'21	Sep'22	Sep'23	Sep'24	Sep'25	TTM
Sales/Revenue	229.23B	265.6B	260.17B	274.51B	365.82B	394.33B	383.29B	391.04B	416.16B	451.44B
Revenue Growth %	6.3%	15.86%	-2.04%	5.51%	33.26%	7.79%	-2.8%	2.02%	6.43%	12.76%
Cost of Goods Sold	141.05B	163.76B	161.78B	169.56B	212.98B	223.55B	214.14B	210.35B	220.96B	235.37B
COGS % of Revenue	61.53%	61.66%	62.18%	61.77%	58.22%	56.69%	55.87%	53.79%	53.09%	-
Gross Profit	88.19B▲ 0%	101.84B▲ 15.5%	98.39B▼ 3.4%	104.96B▲ 6.7%	152.84B▲ 45.6%	170.78B▲ 11.7%	169.15B▼ 1.0%	180.68B▲ 6.8%	195.2B▲ 8.0%	216.07B▲ 0%
Gross Margin %	38.47%	38.34%	37.82%	38.23%	41.78%	43.31%	44.13%	46.21%	46.91%	47.86%
Gross Profit Growth %	4.66%	15.48%	-3.38%	6.67%	45.62%	11.74%	-0.96%	6.82%	8.04%	-
Operating Expenses	26.84B	30.94B	34.46B	38.67B	43.89B	51.34B	54.85B	57.47B	62.15B	68.7B
OpEx % of Revenue	11.71%	11.65%	13.25%	14.09%	12%	13.02%	14.31%	14.7%	14.93%	-
Selling, General & Admin	15.26B	16.7B	18.25B	19.92B	21.97B	25.09B	24.93B	26.1B	27.6B	28.67B
SG&A % of Revenue	6.66%	6.29%	7.01%	7.26%	6.01%	6.36%	6.5%	6.67%	6.63%	-
Research & Development	11.58B	14.24B	16.22B	18.75B	21.91B	26.25B	29.91B	31.37B	34.55B	40.04B
R&D % of Revenue	5.05%	5.36%	6.23%	6.83%	5.99%	6.66%	7.8%	8.02%	8.3%	-
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income	61.34B▲ 0%	70.9B▲ 15.6%	63.93B▼ 9.8%	66.29B▲ 3.7%	108.95B▲ 64.4%	119.44B▲ 9.6%	114.3B▼ 4.3%	123.22B▲ 7.8%	133.05B▲ 8.0%	147.37B▲ 0%
Operating Margin %	26.76%	26.69%	24.57%	24.15%	29.78%	30.29%	29.82%	31.51%	31.97%	32.64%
Operating Income Growth %	2.2%	15.57%	-9.83%	3.69%	64.36%	9.63%	-4.3%	7.8%	7.98%	-
EBITDA	71.5B	81.8B	76.48B	77.34B	120.23B	130.54B	125.82B	134.66B	144.75B	159.98B
EBITDA Margin %	31.19%	30.8%	29.39%	28.17%	32.87%	33.1%	32.83%	34.44%	34.78%	35.44%
EBITDA Growth %	1.38%	14.41%	-6.51%	1.13%	55.45%	8.57%	-3.62%	7.03%	7.49%	15.2%
D&A (Non-Cash Add-back)	10.16B	10.9B	12.55B	11.06B	11.28B	11.1B	11.52B	11.45B	11.7B	12.61B
EBIT	66.41B	76.14B	69.31B	69.96B	111.85B	122.03B	117.67B	123.48B	132.73B	147.72B
Net Interest Income	2.88B	2.45B	1.39B	890M	198M	-106M	-183M	0	0	0
Interest Income	5.2B	5.69B	4.96B	3.76B	2.84B	2.83B	3.75B	0	0	0
Interest Expense	2.32B	3.24B	3.58B	2.87B	2.65B	2.93B	3.93B	0	0	0
Other Income/Expense	2.75B	2B	1.81B	803M	258M	-334M	-565M	269M	-321M	304M
Pretax Income	64.09B▲ 0%	72.9B▲ 13.8%	65.74B▼ 9.8%	67.09B▲ 2.1%	109.21B▲ 62.8%	119.1B▲ 9.1%	113.74B▼ 4.5%	123.48B▲ 8.6%	132.73B▲ 7.5%	147.67B▲ 0%
Pretax Margin %	27.96%	27.45%	25.27%	24.44%	29.85%	30.2%	29.67%	31.58%	31.89%	32.71%
Income Tax	15.74B	13.37B	10.48B	9.68B	14.53B	19.3B	16.74B	29.75B	20.72B	25.09B
Effective Tax Rate %	24.56%	18.34%	15.94%	14.43%	13.3%	16.2%	14.72%	24.09%	15.61%	16.99%
Net Income	48.35B▲ 0%	59.53B▲ 23.1%	55.26B▼ 7.2%	57.41B▲ 3.9%	94.68B▲ 64.9%	99.8B▲ 5.4%	97B▼ 2.8%	93.74B▼ 3.4%	112.01B▲ 19.5%	122.58B▲ 0%
Net Margin %	21.09%	22.41%	21.24%	20.91%	25.88%	25.31%	25.31%	23.97%	26.92%	27.15%
Net Income Growth %	5.83%	23.12%	-7.18%	3.9%	64.92%	5.41%	-2.81%	-3.36%	19.5%	25.98%
Net Income (Continuing)	48.35B	59.53B	55.26B	57.41B	94.68B	99.8B	97B	93.74B	112.01B	122.58B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)	2.30▲ 0%	2.98▲ 29.6%	2.97▼ 0.3%	3.28▲ 10.4%	5.61▲ 71.0%	6.11▲ 8.9%	6.13▲ 0.3%	6.08▼ 0.8%	7.46▲ 22.7%	8.30▲ 0%
EPS Growth %	10.58%	29.57%	-0.34%	10.44%	71.04%	8.91%	0.33%	-0.82%	22.7%	28.82%
EPS (Basic)	2.32	3.00	2.99	3.31	5.67	6.15	6.16	6.11	7.49	-
Diluted Shares Outstanding	21.01B	20B	18.6B	17.53B	16.86B	16.33B	15.81B	15.41B	15B	14.77B
Basic Shares Outstanding	20.87B	19.82B	18.47B	17.35B	16.7B	16.22B	15.74B	15.34B	14.95B	14.71B
Dividend Payout Ratio	26.41%	23.03%	25.55%	24.53%	15.28%	14.87%	15.49%	16.25%	13.77%	-

AAPL Balance Sheet

Apple Inc. (AAPL) balance sheet — assets, liabilities & shareholders' equity

Line item	Sep'17	Sep'18	Sep'19	Sep'20	Sep'21	Sep'22	Sep'23	Sep'24	Sep'25	TTM
Total Current Assets	128.65B	131.34B	162.82B	143.71B	134.84B	135.41B	143.57B	152.99B	147.96B	144.11B
Cash & Short-Term Investments	74.18B	66.3B	100.56B	90.94B	62.64B	48.3B	61.55B	65.17B	54.7B	68.51B
Cash Only	20.29B	25.91B	48.84B	38.02B	34.94B	23.65B	29.96B	29.94B	35.93B	45.57B
Short-Term Investments	53.89B	40.39B	51.71B	52.93B	27.7B	24.66B	31.59B	35.23B	18.76B	22.93B
Accounts Receivable	35.67B	48.99B	45.8B	37.45B	51.51B	60.93B	60.98B	66.24B	72.96B	30.34B
Days Sales Outstanding	56.8	67.33	64.26	49.79	51.39	56.4	58.08	61.83	63.99	44.56
Inventory	4.86B	3.96B	4.11B	4.06B	6.58B	4.95B	6.33B	7.29B	5.72B	6.75B
Days Inventory Outstanding	12.56	8.82	9.26	8.74	11.28	8.08	10.79	12.64	9.45	9.41
Other Current Assets	13.94B	12.09B	12.35B	11.26B	14.11B	21.22B	14.7B	14.29B	14.59B	38.52B
Total Non-Current Assets	246.67B	234.39B	175.7B	180.18B	216.17B	217.35B	209.02B	211.99B	211.28B	226.97B
Property, Plant & Equipment	33.78B	41.3B	37.38B	45.34B	49.53B	52.53B	54.38B	45.68B	49.83B	50.12B
Fixed Asset Turnover	6.79x	6.43x	6.96x	6.06x	7.39x	7.51x	7.05x	8.56x	8.35x	9.09x
Goodwill	5.72B	0	0	0	0	0	0	0	0	0
Intangible Assets	2.3B	0	0	0	0	0	0	0	0	21.33B
Long-Term Investments	194.71B	170.8B	105.34B	100.89B	127.88B	120.81B	100.54B	91.48B	77.72B	233.22B
Other Non-Current Assets	18.18B	22.28B	32.98B	33.95B	38.76B	28.64B	36.24B	55.34B	62.95B	394.5B
Total Assets	375.32B▲ 0%	365.73B▼ 2.6%	338.52B▼ 7.4%	323.89B▼ 4.3%	351B▲ 8.4%	352.75B▲ 0.5%	352.58B▼ 0.0%	364.98B▲ 3.5%	359.24B▼ 1.6%	371.08B▲ 0%
Asset Turnover	0.61x	0.73x	0.77x	0.85x	1.04x	1.12x	1.09x	1.07x	1.16x	1.25x
Asset Growth %	16.67%	-2.56%	-7.44%	-4.32%	8.37%	0.5%	-0.05%	3.52%	-1.57%	20.66%
Total Current Liabilities	100.81B	115.93B	105.72B	105.39B	125.48B	153.98B	145.31B	176.39B	165.63B	134.64B
Accounts Payable	44.24B	55.89B	46.24B	42.3B	54.76B	64.11B	62.61B	68.96B	69.86B	57.35B
Days Payables Outstanding	114.49	124.57	104.31	91.05	93.85	104.69	106.72	119.66	115.4	96.21
Short-Term Debt	18.47B	20.75B	16.24B	13.77B	15.61B	21.11B	15.81B	20.88B	20.33B	2B
Deferred Revenue (Current)	7.55B	5.97B	5.52B	6.64B	7.61B	7.91B	8.06B	8.25B	9.05B	36.78B
Other Current Liabilities	4.81B	33.33B	37.72B	41.22B	45.97B	52.63B	48.44B	50.07B	42.34B	65.96B
Current Ratio	1.28x	1.13x	1.54x	1.36x	1.07x	0.88x	0.99x	0.87x	0.89x	0.89x
Quick Ratio	1.23x	1.10x	1.50x	1.33x	1.02x	0.85x	0.94x	0.83x	0.86x	0.86x
Cash Conversion Cycle	-45.12	-48.42	-30.79	-32.52	-31.18	-40.21	-37.85	-45.18	-41.97	-42.25
Total Non-Current Liabilities	140.46B	142.65B	142.31B	153.16B	162.43B	148.1B	145.13B	131.64B	119.88B	129.95B
Long-Term Debt	97.21B	93.73B	91.81B	98.67B	109.11B	98.96B	95.28B	85.75B	78.33B	0
Capital Lease Obligations	0	0	0	8.38B	10.28B	10.75B	11.27B	10.8B	11.6B	11.6B
Deferred Tax Liabilities	31.5B	426M	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	8.91B	45.69B	50.5B	46.11B	43.05B	38.39B	38.58B	35.09B	29.95B	254.07B
Total Liabilities	241.27B	258.58B	248.03B	258.55B	287.91B	302.08B	290.44B	308.03B	285.51B	264.59B
Total Debt	115.68B	114.48B	108.05B	122.28B	136.52B	132.48B	123.93B	119.06B	112.38B	2B
Net Debt	95.39B	88.57B	59.2B	84.26B	101.58B	108.83B	93.97B	89.12B	76.44B	-43.58B
Debt / Equity	0.86x	1.07x	1.19x	1.87x	2.16x	2.61x	1.99x	2.09x	1.52x	1.52x
Debt / EBITDA	1.62x	1.40x	1.41x	1.58x	1.14x	1.01x	0.98x	0.88x	0.78x	0.01x
Net Debt / EBITDA	1.33x	1.08x	0.77x	1.09x	0.84x	0.83x	0.75x	0.66x	0.53x	0.53x
Interest Coverage	28.59x	23.50x	19.38x	24.35x	42.29x	41.64x	29.92x	-	-	-
Total Equity	134.05B▲ 0%	107.15B▼ 20.1%	90.49B▼ 15.5%	65.34B▼ 27.8%	63.09B▼ 3.4%	50.67B▼ 19.7%	62.15B▲ 22.6%	56.95B▼ 8.4%	73.73B▲ 29.5%	106.49B▲ 0%
Equity Growth %	4.52%	-20.07%	-15.55%	-27.79%	-3.44%	-19.68%	22.64%	-8.36%	29.47%	119.68%
Book Value per Share	6.38	5.36	4.87	3.73	3.74	3.10	3.93	3.70	4.91	7.21
Total Shareholders' Equity	134.05B	107.15B	90.49B	65.34B	63.09B	50.67B	62.15B	56.95B	73.73B	106.49B
Common Stock	35.87B	40.2B	45.17B	50.78B	57.37B	64.85B	73.81B	83.28B	93.57B	99.51B
Retained Earnings	98.33B	70.4B	45.9B	14.97B	5.56B	-3.07B	-214M	-19.15B	-14.26B	12.36B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-150M	-3.45B	-584M	-406M	163M	-11.11B	-11.45B	-7.17B	-5.57B	-5.38B
Minority Interest	0	0	0	0	0	0	0	0	0	0

AAPL Cash Flow Statement

Apple Inc. (AAPL) cash flow — operating, investing & free cash flow history

Line item	Sep'17	Sep'18	Sep'19	Sep'20	Sep'21	Sep'22	Sep'23	Sep'24	Sep'25	TTM
Cash from Operations	64.22B	77.43B	69.39B	80.67B	104.04B	122.15B	110.54B	118.25B	111.48B	111.48B
Operating CF Margin %	28.02%	29.15%	26.67%	29.39%	28.44%	30.98%	28.84%	30.24%	26.79%	-
Operating CF Growth %	-3.03%	20.57%	-10.39%	16.26%	28.96%	17.41%	-9.5%	6.98%	-5.73%	107.42%
Net Income	48.35B	59.53B	55.26B	57.41B	94.68B	99.8B	97B	93.74B	112.01B	122.58B
Depreciation & Amortization	10.16B	10.9B	12.55B	11.06B	11.28B	11.1B	11.52B	11.45B	11.7B	12.61B
Stock-Based Compensation	4.84B	5.34B	6.07B	6.83B	7.91B	9.04B	10.83B	11.69B	12.86B	13.47B
Deferred Taxes	5.97B	-32.59B	-340M	-215M	-4.77B	895M	0	0	0	0
Other Non-Cash Items	-166M	-444M	-652M	-97M	-147M	111M	-2.23B	-2.27B	-89M	411M
Working Capital Changes	-4.92B	34.69B	-3.49B	5.69B	-4.91B	1.2B	-6.58B	3.65B	-25B	-8.85B
Change in Receivables	-6.35B	-13.33B	3.18B	8.47B	-14.03B	-9.34B	-417M	-5.14B	-6.68B	-11.39B
Change in Inventory	-2.72B	828M	-289M	-127M	-2.64B	1.48B	-1.62B	-1.05B	1.4B	-542M
Change in Payables	8.97B	9.18B	-1.92B	-4.06B	12.33B	9.45B	-1.89B	6.02B	902M	3.21B
Cash from Investing	-46.45B	16.07B	45.9B	-4.29B	-14.54B	-22.35B	3.71B	2.94B	15.2B	-8.57B
Capital Expenditures	-12.79B	-13.31B	-10.49B	-7.31B	-11.09B	-10.71B	-10.96B	-9.45B	-12.71B	-11.05B
CapEx % of Revenue	5.58%	5.01%	4.03%	2.66%	3.03%	2.72%	2.86%	2.42%	3.06%	-
Acquisitions	-329M	-721M	-624M	-1.52B	-33M	-306M	0	0	0	0
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-124M	-745M	-1.08B	-909M	-352M	-1.78B	-1.34B	-1.31B	-1.48B	-2.43B
Cash from Financing	-17.97B	-87.88B	-90.98B	-86.82B	-93.35B	-110.75B	-108.49B	-121.98B	-120.69B	-114.24B
Debt Issued (Net)	25.16B	432M	-7.82B	2.5B	12.66B	-123M	-9.9B	-6B	-8.48B	-14.33B
Equity Issued (Net)	-34.77B	-72.07B	-66.12B	-71.48B	-84.87B	-89.4B	-77.55B	-94.95B	-90.71B	-78.53B
Dividends Paid	-12.77B	-13.71B	-14.12B	-14.08B	-14.47B	-14.84B	-15.03B	-15.23B	-15.42B	-15.55B
Share Repurchases	-32.9B	-72.74B	-66.9B	-72.36B	-85.97B	-89.4B	-77.55B	-94.95B	-90.71B	-78.53B
Other Financing	4.41B	-2.53B	-2.92B	-3.76B	-6.68B	-6.38B	-6.01B	-5.8B	-6.07B	-5.84B
Net Change in Cash	-195M▲ 0%	5.62B▲ 2984.1%	24.31B▲ 332.3%	-10.44B▼ 142.9%	-3.86B▲ 63.0%	-10.95B▼ 183.7%	5.76B▲ 152.6%	-794M▼ 113.8%	5.99B▲ 854.5%	17.41B▲ 0%
Free Cash Flow	51.43B▲ 0%	64.12B▲ 24.7%	58.9B▼ 8.1%	73.36B▲ 24.6%	92.95B▲ 26.7%	111.44B▲ 19.9%	99.58B▼ 10.6%	108.81B▲ 9.3%	98.77B▼ 9.2%	129.17B▲ 0%
FCF Margin %	22.44%	24.14%	22.64%	26.73%	25.41%	28.26%	25.98%	27.83%	23.73%	28.61%
FCF Growth %	-2.38%	24.68%	-8.15%	24.57%	26.7%	19.89%	-10.64%	9.26%	-9.23%	31.16%
FCF per Share	2.45	3.21	3.17	4.19	5.51	6.83	6.30	7.06	6.58	6.58
FCF Conversion (FCF/Net Income)	1.33x	1.30x	1.26x	1.41x	1.10x	1.22x	1.14x	1.26x	1.00x	1.05x
Interest Paid	2.09B	3.02B	3.42B	3B	2.69B	2.87B	3.8B	0	0	0
Taxes Paid	11.59B	10.42B	15.26B	9.5B	25.39B	19.57B	18.68B	26.1B	43.37B	-11.29B

AAPL Key Ratios

Apple Inc. (AAPL) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM
Return on Equity (ROE)	36.87%	49.36%	55.92%	73.69%	147.44%	175.46%	171.95%	157.41%	171.42%	146.69%
Return on Invested Capital (ROIC)	21.69%	25.01%	27.76%	33.22%	52%	55.26%	54.32%	61.16%	67.37%	67.37%
Gross Margin	38.47%	38.34%	37.82%	38.23%	41.78%	43.31%	44.13%	46.21%	46.91%	47.86%
Net Margin	21.09%	22.41%	21.24%	20.91%	25.88%	25.31%	25.31%	23.97%	26.92%	27.15%
Debt / Equity	0.86x	1.07x	1.19x	1.87x	2.16x	2.61x	1.99x	2.09x	1.52x	1.52x
Interest Coverage	28.59x	23.50x	19.38x	24.35x	42.29x	41.64x	29.92x	-	-	-
FCF Conversion	1.33x	1.30x	1.26x	1.41x	1.10x	1.22x	1.14x	1.26x	1.00x	1.05x
Revenue Growth	6.3%	15.86%	-2.04%	5.51%	33.26%	7.79%	-2.8%	2.02%	6.43%	12.76%

AAPL SEC Filings & Documents

Apple Inc. (AAPL) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Apr 30, 2026·SEC

Material company update

Apr 20, 2026·SEC

Material company update

Feb 24, 2026·SEC

10-K Annual Reports

FY 2025

Oct 31, 2025·SEC

FY 2024

Nov 1, 2024·SEC

FY 2023

Nov 3, 2023·SEC

10-Q Quarterly Reports

FY 2026

Jan 30, 2026·SEC

FY 2025

Aug 1, 2025·SEC

FY 2025

May 2, 2025·SEC

AAPL Frequently Asked Questions

Apple Inc. (AAPL) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Apple Inc. (AAPL) reported $451.44B in revenue for fiscal year 2025. This represents a 4491% increase from $9.83B in 1996.

Apple Inc. (AAPL) grew revenue by 6.4% over the past year. This is steady growth.

Yes, Apple Inc. (AAPL) is profitable, generating $122.58B in net income for fiscal year 2025 (26.9% net margin).

Dividend & Returns

Yes, Apple Inc. (AAPL) pays a dividend with a yield of 0.36%. This makes it attractive for income-focused investors.

Apple Inc. (AAPL) has a return on equity (ROE) of 171.4%. This is excellent, indicating efficient use of shareholder capital.

Apple Inc. (AAPL) generated $129.17B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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