Last 48 quarters of trend data · Technology · Consumer Electronics
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Apple Inc.'s quarterly P/E stands at 24.1x, down 9.6% year-over-year. EV/EBITDA has compressed 11.7% YoY to 18.9x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 35.41 | 24.07 | 34.52 | 32.02 | 33.02 | 26.62 | 58.71 | 37.61 | 28.02 | 22.08 | 29.32 | 38.49 | 27.12 |
| — | -9.6% | -41.2% | -14.9% | +17.8% | +20.6% | +100.3% | -2.3% | +3.3% | +27.8% | +0.6% | +30.4% | -5.6% | |
| P/S Ratio | 9.33 | 7.04 | 9.35 | 7.99 | 8.60 | 7.79 | 9.14 | 9.42 | 7.31 | 6.27 | 7.50 | 9.35 | 6.89 |
| — | -9.6% | +2.3% | -15.2% | +17.7% | +24.2% | +22.0% | +0.7% | +6.0% | +41.7% | +11.5% | +34.7% | -6.5% | |
| P/B Ratio | 53.76 | 45.91 | 51.99 | 45.66 | 49.12 | 58.01 | 60.97 | 48.46 | 35.74 | 40.47 | 43.18 | 50.77 | 42.04 |
| — | -20.8% | -14.7% | -5.8% | +37.4% | +43.3% | +41.2% | -4.5% | -15.0% | +10.7% | -9.8% | +28.0% | -1.1% | |
| P/FCF | 39.33 | 19.64 | 36.18 | 30.79 | 39.28 | 35.86 | 36.32 | 30.26 | 32.04 | 19.99 | 34.52 | 31.50 | 25.48 |
| — | -45.2% | -0.4% | +1.8% | +22.6% | +79.4% | +5.2% | -3.9% | +25.8% | +16.6% | +18.7% | +13.7% | -8.8% | |
| EV / EBITDA | 27.45 | 18.93 | 27.58 | 24.74 | 25.97 | 21.45 | 27.39 | 29.33 | 22.15 | 17.74 | 23.44 | 30.14 | 21.61 |
| — | -11.7% | +0.7% | -15.6% | +17.2% | +20.9% | +16.9% | -2.7% | +2.5% | +27.7% | +2.7% | +30.2% | -4.4% | |
| EV / EBIT | 29.87 | 20.07 | 29.90 | 27.23 | 28.31 | 22.99 | 30.09 | 32.62 | 24.41 | 18.99 | 24.80 | 34.14 | 23.82 |
| — | -12.7% | -0.6% | -16.5% | +16.0% | +21.1% | +21.3% | -4.4% | +2.5% | +26.4% | -0.2% | +35.6% | -0.7% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Apple Inc.'s operating margin was 35.4% in Q1 2026, up 3.7 pp QoQ and up 0.9 pp YoY. This marks the 3rd consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of 32.0% lags the current quarter, suggesting the recent improvement is above-trend.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 46.9% | 48.2% | 47.2% | 46.5% | 47.1% | 46.9% | 46.2% | 46.3% | 46.6% | 45.9% | 45.2% | 44.5% | 44.3% |
| — | +2.7% | +2.1% | +0.5% | +1.0% | +2.2% | +2.3% | +3.9% | +5.2% | +6.8% | +6.9% | +2.9% | +1.2% | |
| Operating Margin | 32.0% | 35.4% | 31.6% | 30.0% | 31.0% | 34.5% | 31.2% | 29.6% | 30.7% | 33.8% | 30.1% | 28.1% | 29.9% |
| — | +2.7% | +1.5% | +1.5% | +0.9% | +2.1% | +3.4% | +5.1% | +3.0% | +9.8% | +9.1% | +1.1% | -3.1% | |
| Net Margin | 26.9% | 29.3% | 26.8% | 24.9% | 26.0% | 29.2% | 15.5% | 25.0% | 26.0% | 28.4% | 25.6% | 24.3% | 25.5% |
| — | +0.2% | +72.7% | -0.3% | -0.2% | +3.0% | -39.5% | +2.9% | +2.2% | +10.8% | +11.6% | +3.7% | -0.9% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 171.4% | 52.0% | 39.4% | 35.3% | 37.1% | 58.7% | 23.8% | 30.4% | 31.9% | 49.8% | 37.5% | 32.5% | 40.6% |
| — | -11.5% | +65.1% | +16.1% | +16.4% | +18.0% | -36.5% | -6.3% | -21.6% | -10.9% | -1.6% | +4.8% | +13.2% | |
| ROA | 30.9% | 11.4% | 8.0% | 7.1% | 7.3% | 10.2% | 4.2% | 6.4% | 6.8% | 9.6% | 6.7% | 6.0% | 7.1% |
| — | +11.2% | +88.0% | +10.3% | +7.3% | +6.7% | -36.6% | +7.6% | -3.9% | +12.0% | +11.0% | +5.3% | +4.1% | |
| ROIC | 64.5% | 25.7% | 16.5% | 15.8% | 16.4% | 23.0% | 15.4% | 13.2% | 14.6% | 20.4% | 13.6% | 12.0% | 14.4% |
| — | +11.7% | +7.3% | +19.7% | +12.9% | +13.0% | +13.0% | +10.1% | +0.9% | +15.6% | +12.9% | +7.0% | +1.7% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Apple Inc.'s Debt/EBITDA ratio is 1.7x, down from 3.5x last quarter — comfortably within a safe range. The current ratio has improved 5.5% YoY to 0.97x, strengthening the short-term liquidity position.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.67 | 1.03 | 1.67 | 1.54 | 1.47 | 1.45 | 2.09 | 1.52 | 1.41 | 1.46 | 1.99 | 1.81 | 1.76 |
| — | -29.2% | -20.0% | +1.7% | +4.3% | -0.6% | +4.8% | -16.2% | -20.1% | -25.6% | -23.7% | -12.0% | -0.9% | |
| Debt / EBITDA | 0.85 | 1.67 | 3.47 | 3.28 | 3.04 | 2.11 | 3.66 | 3.59 | 3.40 | 2.50 | 4.18 | 4.20 | 3.51 |
| — | -20.6% | -5.3% | -8.8% | -10.5% | -15.7% | -12.4% | -14.4% | -3.1% | -12.4% | -12.3% | -9.3% | -4.2% | |
| Current Ratio | 0.89 | 0.97 | 0.89 | 0.87 | 0.82 | 0.92 | 0.87 | 0.95 | 1.04 | 1.07 | 0.99 | 0.98 | 0.94 |
| — | +5.5% | +3.0% | -8.9% | -20.8% | -13.9% | -12.2% | -2.9% | +10.3% | +14.3% | +12.4% | +13.5% | +1.5% | |
| Quick Ratio | 0.86 | 0.94 | 0.86 | 0.83 | 0.78 | 0.88 | 0.83 | 0.91 | 0.99 | 1.02 | 0.94 | 0.92 | 0.88 |
| — | +7.1% | +4.0% | -8.8% | -21.2% | -14.5% | -12.5% | -1.8% | +12.4% | +15.3% | +11.5% | +12.1% | -0.7% | |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | 26.92 | 23.04 | 30.45 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Start ComparisonApple Inc.'s current P/E is 35.4x. The average P/E over the last 4 quarters is 30.9x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Apple Inc.'s current operating margin is 32.0%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Apple Inc.'s business trajectory between earnings reports.