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Apple Inc.(AAPL)Earnings, Financials & Key Ratios
AAPL•NASDAQ
39.9× P/E·Price updated Jun 20, 2026
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%
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
- ✓13 consecutive years of dividend growth
- ✓Share count reduced 2.6% through buybacks
- ✓Healthy 5Y average net margin of 25.5%
✗Weaknesses
- ✗Expensive at 60.6x book value
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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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
●Beat EPS 12/12 qtrs (100%)●Beat Revenue 12/12 qtrs (100%)
Q2 2026Latest
Apr 30, 2026Metric
Actual
Est
EPS
$2.01+3.1%
$1.95
Rev
$111.2B+1.6%
$109.5B
Q1 2026
Jan 29, 2026Metric
Actual
Est
EPS
$2.85+6.7%
$2.67
Rev
$143.8B+3.9%
$138.4B
Q4 2025
Oct 30, 2025Metric
Actual
Est
EPS
$1.85+6.9%
$1.73
Rev
$102.5B+0.2%
$102.2B
Q3 2025
Jul 31, 2025Metric
Actual
Est
EPS
$1.57+9.0%
$1.44
Rev
$94.0B+5.0%
$89.6B
| 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 →
AAPL Peer Comparison
Apple Inc. (AAPL) competitors in Smartphones, tablets, and ecosystems — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 MSFT | 2.82T | 379.40 | 27.82 | 14.93% | 39.34% | 33.13% | 0.33 | |
 GOOGL | 4.45T | 368.03 | 34.05 | 15.13% | 37.91% | 38.98% | 0.14 | |
 AMZN | 2.63T | 244.39 | 34.09 | 12.38% | 12.22% | 23.34% | 0.37 | |
 META | 1.46T | 577.22 | 24.57 | 22.17% | 32.84% | 33.22% | 0.39 | |
 SONY | 120.11B | 20.33 | -57.00 | 2.12% | -2.73% | -4.08% | 0.20 | |
 HPQ | 21.49B | 23.50 | 8.87 | 3.24% | 4.45% | |||
 DELL | 272.34B | 410.00 | 47.24 | 18.8% | 6.28% | |||
 SPOT | 96.35B | 468.08 | 38.88 | 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.
AAPL Income Statement
Apple Inc. (AAPL) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | 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
| Metric | 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 | 36.33B |
Short-Term Investments | 53.89B | 40.39B | 51.71B | 52.93B | 27.7B | 24.66B | 31.59B | 35.23B | 18.76B | 32.18B |
Accounts Receivable | 35.67B | 48.99B | 45.8B | 37.45B | 51.51B | 60.93B | 60.98B | 66.24B | 72.96B | 53.51B |
Days Sales Outstanding | 56.8 | 67.33 | 64.26 | 49.79 | 51.39 | 56.4 | 58.08 | 61.83 | 63.99 | 49.24 |
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 | 15.35B |
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 | 311.31B |
Other Non-Current Assets | 18.18B | 22.28B | 32.98B | 33.95B | 38.76B | 28.64B | 36.24B | 55.34B | 62.95B | 77.43B |
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 | 10.31B |
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 | 57.65B |
Current Ratio | 1.28x | 1.13x | 1.54x | 1.36x | 1.07x | 0.88x | 0.99x | 0.87x | 0.89x | 1.07x |
Quick Ratio | 1.23x | 1.10x | 1.50x | 1.33x | 1.02x | 0.85x | 0.94x | 0.83x | 0.86x | 1.02x |
Cash Conversion Cycle | -45.12 | -48.42 | -30.79 | -32.52 | -31.18 | -40.21 | -37.85 | -45.18 | -41.97 | -37.56 |
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 | 74.4B |
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 | 55.55B |
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 | 84.71B |
Net Debt | 95.39B | 88.57B | 59.2B | 84.26B | 101.58B | 108.83B | 93.97B | 89.12B | 76.44B | 48.38B |
Debt / Equity | 0.86x | 1.07x | 1.19x | 1.87x | 2.16x | 2.61x | 1.99x | 2.09x | 1.52x | 0.80x |
Debt / EBITDA | 1.62x | 1.40x | 1.41x | 1.58x | 1.14x | 1.01x | 0.98x | 0.88x | 0.78x | 0.53x |
Net Debt / EBITDA | 1.33x | 1.08x | 0.77x | 1.09x | 0.84x | 0.83x | 0.75x | 0.66x | 0.53x | 0.30x |
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
| Metric | 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 | 140.22B |
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 | -7.03B | -4.16B |
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% | 2.45% |
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 | -78.2B |
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 | -78.2B |
Other Financing | 4.41B | -2.53B | -2.92B | -3.76B | -6.68B | -6.38B | -6.01B | -5.8B | -6.07B | -6.17B |
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 | 8.75 |
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% | 77.6% |
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 | 0.80x |
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% |
Related:AAPL Dividend History·AAPL Revenue History·AAPL Price History·AAPL P/E History·AAPL Financial Ratios·AAPL Institutional Holders
AAPL SEC Filings & Documents
Apple Inc. (AAPL) SEC filings — annual & quarterly reports (10-K, 10-Q)
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 0.34%. 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.