QUALCOMM Incorporated (QCOM) 10-Year Financial Performance & Capital Metrics

QCOM •

TechnologySemiconductorsAnalog, Mixed-Signal and RF Chips

AboutQUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. The company operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, application processing, multimedia, and global positioning system products. The QTL segment grants licenses or provides rights to use portions of its intellectual property portfolio, which include various patent rights useful in the manufacture and sale of wireless products comprising products implementing CDMA2000, WCDMA,LTE and/or OFDMA-based 5G standards and their derivatives. The QSI segment invests in early-stage companies in various industries, including 5G, artificial intelligence, automotive, consumer, enterprise, cloud, and IoT, and investment for supporting the design and introduction of new products and services for voice and data communications, new industries, and applications. It also provides development, and other services and related products to the United States government agencies and their contractors. QUALCOMM Incorporated was incorpotared in 1985 and is headquartered in San Diego, California.Show more

Revenue $44.28B +13.7%
EBITDA $13.96B +18.5%
Net Income $5.54B -45.4%
EPS (Diluted) 5.01 -44.2%
Gross Margin 55.43% -1.4%
EBITDA Margin 31.52% +4.3%
Operating Margin 27.9% +7.9%
Net Margin 12.51% -51.9%
ROE 23.34% -44.9%
ROIC 29.14% +21.6%
Debt/Equity 0.77 +31.4%
Interest Coverage 18.61 +28.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 34.1%
✓FCF machine: 28.9% free cash flow margin
✓23 consecutive years of dividend growth
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 13.5%
✓Healthy dividend yield of 2.4%

✗Weaknesses

✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y5.77%

5Y13.48%

3Y0.06%

TTM10.25%

Profit (Net Income) CAGR

10Y0.5%

5Y1.29%

3Y-24.62%

TTM-49.17%

EPS CAGR

10Y4.52%

5Y2.08%

3Y-23.93%

TTM-46.95%

ROCE

10Y Avg23.42%

5Y Avg30.93%

3Y Avg24.03%

Latest28.85%

Peer Comparison

Analog, Mixed-Signal and RF Chips

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
QRVOQorvo, Inc.	7.68B	82.90	142.93	-1.34%	9.11%	9.21%	6.31%	0.46
ALABAstera Labs, Inc. Common Stock	20.23B	118.83	97.40	115.13%	25.7%	16.07%	1.39%
ADIAnalog Devices, Inc.	173.7B	355.79	78.02	16.89%	23.02%	8.01%	2.46%	0.26
AVGOBroadcom Inc.	1.52T	319.55	66.99	23.87%	36.2%	28.45%	1.78%	0.80
TXNTexas Instruments Incorporated	192.5B	212.11	38.92	13.05%	28.28%	30.73%	1.35%	0.86
NXPINXP Semiconductors N.V.	57.13B	227.01	28.55	-2.74%	16.47%	19.34%	4.24%	1.17
QCOMQUALCOMM Incorporated	152.89B	142.36	28.42	13.66%	11.96%	23.25%	8.38%	0.77
CRUSCirrus Logic, Inc.	7.38B	141.12	23.52	5.99%	20.47%	18.74%	5.63%	0.07

Profit & Loss

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Sales/Revenue+	23.55B	22.29B	22.73B	24.27B	23.53B	33.57B	44.2B	35.82B	38.96B	44.28B
Revenue Growth %	-6.83%	-5.36%	1.98%	6.78%	-3.06%	42.65%	31.68%	-18.96%	8.77%	13.66%
Cost of Goods Sold+	9.75B	9.79B	10.24B	8.6B	9.26B	14.26B	18.64B	15.87B	17.06B	19.74B
COGS % of Revenue	41.39%	43.93%	45.06%	35.43%	39.33%	42.49%	42.16%	44.3%	43.79%	44.57%
Gross Profit+	13.8B	12.5B	12.49B	15.67B	14.28B	19.3B	25.57B	19.95B	21.9B	24.55B
Gross Margin %	58.61%	56.07%	54.94%	64.57%	60.67%	57.51%	57.84%	55.7%	56.21%	55.43%
Gross Profit Growth %	-7.37%	-9.46%	-0.09%	25.51%	-8.92%	35.22%	32.43%	-21.96%	9.78%	12.07%
Operating Expenses+	7.31B	9.88B	11.75B	8.01B	8.02B	9.52B	9.71B	12.16B	11.83B	12.19B
OpEx % of Revenue	31.04%	44.35%	51.67%	32.99%	34.09%	28.35%	21.96%	33.96%	30.37%	27.53%
Selling, General & Admin	2.38B	2.66B	2.99B	2.19B	2.07B	2.34B	2.57B	2.48B	2.76B	3.11B
SG&A % of Revenue	10.13%	11.92%	13.14%	9.04%	8.81%	6.97%	5.81%	6.93%	7.08%	7.02%
Research & Development	5.15B	5.49B	5.63B	5.4B	5.97B	7.18B	8.19B	8.82B	8.89B	9.04B
R&D % of Revenue	21.87%	24.61%	24.74%	22.24%	25.39%	21.38%	18.54%	24.62%	22.82%	20.42%
Other Operating Expenses	-226M	1.74B	3.13B	414M	-28M	0	-1.06B	862M	179M	39M
Operating Income+	6.5B	2.58B	621M	7.67B	6.25B	9.79B	15.86B	7.79B	10.07B	12.36B
Operating Margin %	27.57%	11.58%	2.73%	31.59%	26.58%	29.16%	35.88%	21.74%	25.85%	27.9%
Operating Income Growth %	12.45%	-60.26%	-75.94%	1134.62%	-18.42%	56.5%	62.02%	-50.9%	29.31%	22.68%
EBITDA+	7.92B	4.04B	2.18B	9.07B	7.65B	11.37B	17.62B	9.6B	11.78B	13.96B
EBITDA Margin %	33.64%	18.13%	9.6%	37.36%	32.5%	33.88%	39.87%	26.79%	30.23%	31.52%
EBITDA Growth %	13.35%	-48.98%	-46.02%	315.58%	-15.66%	48.68%	54.97%	-45.54%	22.72%	18.51%
D&A (Non-Cash Add-back)	1.43B	1.46B	1.56B	1.4B	1.39B	1.58B	1.76B	1.81B	1.71B	1.6B
EBIT	6.81B	3.51B	3.77B	8.08B	6.23B	9.79B	15.49B	8.14B	11.03B	13.33B
Net Interest Income+	314M	125M	-157M	-327M	-446M	-476M	-399M	-381M	-22M	-25M
Interest Income	611M	619M	611M	300M	156M	83M	91M	313M	675M	639M
Interest Expense	297M	494M	768M	627M	602M	559M	490M	694M	697M	664M
Other Income/Expense	338M	439M	-229M	-186M	-536M	485M	-862M	-345M	265M	308M
Pretax Income+	6.83B	3.02B	513M	7.48B	5.72B	10.27B	15B	7.44B	10.34B	12.66B
Pretax Margin %	29.01%	13.55%	2.26%	30.82%	24.3%	30.61%	33.93%	20.78%	26.53%	28.59%
Income Tax+	1.13B	555M	5.38B	3.1B	521M	1.23B	2.01B	104M	226M	7.12B
Effective Tax Rate %	83.49%	81.66%	-967.64%	58.63%	90.89%	88.02%	86.25%	97.17%	98.12%	43.76%
Net Income+	5.71B	2.47B	-4.96B	4.39B	5.2B	9.04B	12.94B	7.23B	10.14B	5.54B
Net Margin %	24.22%	11.06%	-21.84%	18.07%	22.09%	26.94%	29.27%	20.19%	26.03%	12.51%
Net Income Growth %	8.23%	-56.77%	-301.3%	188.36%	18.51%	73.97%	43.05%	-44.09%	40.24%	-45.37%
Net Income (Continuing)	5.7B	2.44B	-4.96B	4.39B	5.2B	9.04B	12.99B	7.34B	10.11B	5.54B
Discontinued Operations	0	0	0	0	0	0	-50M	-107M	0	0
Minority Interest	-10M	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	3.81	1.64	-3.32	3.60	4.52	7.87	11.38	6.42	8.98	5.01
EPS Growth %	18.32%	-56.96%	-302.44%	208.43%	25.56%	74.11%	44.6%	-43.59%	39.88%	-44.21%
EPS (Basic)	3.84	1.66	-3.32	3.62	4.58	8.00	11.52	6.47	9.09	5.06
Diluted Shares Outstanding	1.5B	1.49B	1.46B	1.22B	1.15B	1.15B	1.14B	1.13B	1.13B	1.1B
Basic Shares Outstanding	1.48B	1.48B	1.46B	1.21B	1.14B	1.13B	1.12B	1.12B	1.12B	1.1B
Dividend Payout Ratio	52.41%	131.87%	-	67.67%	55.44%	33.26%	24.83%	47.87%	36.35%	68.67%

Balance Sheet

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Total Current Assets+	22.98B	43.59B	17.38B	16.77B	18.52B	20.07B	20.72B	22.46B	25.23B	25.75B
Cash & Short-Term Investments	18.65B	37.31B	12.09B	12.26B	11.21B	12.41B	6.38B	11.32B	13.3B	12.48B
Cash Only	5.95B	35.03B	11.78B	11.84B	6.71B	7.12B	2.77B	8.45B	7.85B	7.84B
Short-Term Investments	12.7B	2.28B	311M	421M	4.51B	5.3B	3.61B	2.87B	5.45B	4.63B
Accounts Receivable	2.22B	3.63B	2.9B	2.47B	4B	3.58B	5.64B	3.18B	3.93B	4.32B
Days Sales Outstanding	34.39	59.47	46.63	37.16	62.09	38.92	46.6	32.43	36.81	35.57
Inventory	1.56B	2.04B	1.69B	1.4B	2.6B	3.23B	7.04B	6.42B	6.42B	8.03B
Days Inventory Outstanding	58.26	75.86	60.32	59.43	102.46	82.61	137.93	147.71	137.42	148.42
Other Current Assets	558M	618M	699M	634M	704M	854M	1.66B	1.53B	1.58B	935M
Total Non-Current Assets+	29.38B	21.89B	15.3B	16.19B	17.07B	21.16B	28.29B	28.58B	29.92B	24.39B
Property, Plant & Equipment	2.31B	3.22B	2.98B	3.08B	3.71B	4.56B	5.17B	5.04B	4.67B	4.69B
Fixed Asset Turnover	10.21x	6.93x	7.64x	7.88x	6.34x	7.36x	8.55x	7.10x	8.35x	9.44x
Goodwill	5.68B	6.62B	6.5B	6.28B	6.32B	7.25B	10.51B	10.64B	10.8B	11.36B
Intangible Assets	3.5B	3.74B	2.96B	2.17B	1.65B	1.46B	1.88B	1.41B	1.24B	1.15B
Long-Term Investments	13.7B	1.27B	35M	0	0	0	0	0	0	0
Other Non-Current Assets	2.16B	4.15B	1.94B	3.46B	4.04B	6.31B	8.93B	8.17B	8.05B	6.45B
Total Assets+	52.36B	65.49B	32.69B	32.96B	35.59B	41.24B	49.01B	51.04B	55.15B	50.14B
Asset Turnover	0.45x	0.34x	0.70x	0.74x	0.66x	0.81x	0.90x	0.70x	0.71x	0.88x
Asset Growth %	3.08%	25.07%	-50.09%	0.83%	8%	15.86%	18.85%	4.13%	8.06%	-9.09%
Total Current Liabilities+	7.31B	10.91B	11.24B	8.94B	8.67B	11.95B	11.87B	9.63B	10.5B	9.14B
Accounts Payable	1.86B	1.97B	1.82B	1.37B	2.25B	2.75B	3.8B	1.91B	2.58B	2.79B
Days Payables Outstanding	69.56	73.47	65.03	58.07	88.66	70.38	74.35	43.98	55.28	51.61
Short-Term Debt	1.75B	2.5B	1B	2.5B	500M	2.04B	1.95B	1.01B	1.36B	102M
Deferred Revenue (Current)	509M	502M	500M	565M	568M	612M	369M	293M	297M	358M
Other Current Liabilities	2.26B	4.76B	6.83B	3.46B	2.27B	3.84B	3.33B	2.62B	5.08B	5.89B
Current Ratio	3.14x	4.00x	1.55x	1.88x	2.14x	1.68x	1.75x	2.33x	2.40x	2.82x
Quick Ratio	2.93x	3.81x	1.40x	1.72x	1.84x	1.41x	1.15x	1.67x	1.79x	1.94x
Cash Conversion Cycle	23.08	61.86	41.93	38.52	75.9	51.15	110.18	136.17	118.94	132.37
Total Non-Current Liabilities+	13.28B	23.83B	20.52B	19.11B	20.84B	19.34B	19.14B	19.83B	18.38B	19.79B
Long-Term Debt	10.01B	19.4B	15.37B	13.44B	15.23B	13.7B	13.54B	14.48B	13.27B	15.54B
Capital Lease Obligations	0	0	0	0	0	428M	573M	571M	708M	730M
Deferred Tax Liabilities	0	0	0	0	0	0	2.27B	2.41B	2.61B	2.73B
Other Non-Current Liabilities	895M	2.43B	3.54B	4.52B	4.86B	4.85B	2.61B	2.27B	1.7B	720M
Total Liabilities	20.59B	34.74B	31.76B	28.05B	29.52B	31.29B	31B	29.46B	28.88B	28.94B
Total Debt+	11.76B	21.89B	16.37B	15.93B	15.73B	16.3B	16.16B	16.07B	15.44B	16.37B
Net Debt	5.81B	-13.14B	4.59B	4.09B	9.02B	9.18B	13.39B	7.62B	7.59B	8.53B
Debt / Equity	0.37x	0.71x	17.64x	3.25x	2.59x	1.64x	0.90x	0.74x	0.59x	0.77x
Debt / EBITDA	1.48x	5.42x	7.50x	1.76x	2.06x	1.43x	0.92x	1.67x	1.31x	1.17x
Net Debt / EBITDA	0.73x	-3.25x	2.10x	0.45x	1.18x	0.81x	0.76x	0.79x	0.64x	0.61x
Interest Coverage	21.87x	5.22x	0.81x	12.23x	10.39x	17.51x	32.37x	11.22x	14.45x	18.61x
Total Equity+	31.77B	30.75B	928M	4.91B	6.08B	9.95B	18.01B	21.58B	26.27B	21.21B
Equity Growth %	1.13%	-3.22%	-96.98%	428.99%	23.79%	63.73%	81.04%	19.81%	21.75%	-19.29%
Book Value per Share	21.21	20.63	0.63	4.02	5.29	8.66	15.84	19.17	23.25	19.19
Total Shareholders' Equity	31.78B	30.75B	928M	4.91B	6.08B	9.95B	18.01B	21.58B	26.27B	21.21B
Common Stock	414M	274M	0	343M	586M	0	195M	490M	0	0
Retained Earnings	30.94B	30.09B	663M	4.47B	5.28B	9.82B	17.84B	20.73B	25.69B	20.65B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	428M	384M	265M	100M	207M	128M	-22M	358M	587M	560M
Minority Interest	-10M	0	0	0	0	0	0	0	0	0

Cash Flow

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Cash from Operations+	7.4B	4.69B	3.9B	7.29B	5.81B	10.54B	9.1B	11.3B	12.2B	14.01B
Operating CF Margin %	31.42%	21.05%	17.13%	30.02%	24.71%	31.39%	20.58%	31.54%	31.32%	31.64%
Operating CF Growth %	34.4%	-36.58%	-17%	87.06%	-20.2%	81.22%	-13.67%	24.22%	7.99%	14.83%
Net Income	5.7B	2.46B	-4.86B	4.39B	5.2B	9.04B	12.99B	7.34B	10.11B	5.54B
Depreciation & Amortization	1.43B	1.46B	1.56B	1.4B	1.39B	1.58B	1.76B	1.81B	1.71B	1.6B
Stock-Based Compensation	943M	914M	883M	1.04B	1.21B	1.66B	2.03B	2.48B	2.65B	2.78B
Deferred Taxes	-200M	-400M	4.5B	1.98B	-309M	-245M	-138M	-1.27B	-3.06B	0
Other Non-Cash Items	-320M	-171M	353M	-290M	-73M	-1.05B	255M	-212M	-421M	3.67B
Working Capital Changes	-153M	424M	1.46B	-1.22B	-1.61B	-461M	-7.8B	1.15B	1.22B	414M
Change in Receivables	-232M	-1.1B	734M	1.37B	-1.53B	426M	-2.07B	2.47B	-768M	-365M
Change in Inventory	-49M	-200M	337M	273M	-1.16B	-622M	-3.14B	8M	13M	-138M
Change in Payables	541M	-45M	-94M	-443M	907M	495M	1.04B	-1.88B	682M	119M
Cash from Investing+	-3.49B	18.46B	4.38B	-806M	-5.26B	-3.36B	-5.8B	762M	-3.62B	-800M
Capital Expenditures	-539M	-690M	-784M	-887M	-1.41B	-1.89B	-2.26B	-1.45B	-1.04B	-1.19B
CapEx % of Revenue	2.29%	3.1%	3.45%	3.65%	5.98%	5.62%	5.12%	4.05%	2.67%	2.69%
Acquisitions	-812M	-1.54B	-326M	-252M	-185M	-1.38B	-4.91B	-235M	-254M	-743M
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	440M	-1.95B	2.02B	-761M	43M	-59M	30M	1.53B	-24M	455M
Cash from Financing+	-5.52B	5.88B	-31.49B	-6.39B	-5.71B	-6.8B	-7.2B	-6.66B	-9.27B	-13.2B
Debt Issued (Net)	749M	10.2B	-5.51B	-503M	-229M	1M	-415M	-64M	-914M	122M
Equity Issued (Net)	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Dividends Paid	-2.99B	-3.25B	-3.47B	-2.97B	-2.88B	-3.01B	-3.21B	-3.46B	-3.69B	-3.81B
Share Repurchases	-3.92B	-1.34B	-22.58B	-1.79B	-2.45B	-3.37B	-3.13B	-2.97B	-4.12B	-8.79B
Other Financing	866M	-226M	-548M	-1.54B	-475M	-772M	-796M	357M	-930M	-1.13B
Net Change in Cash	-1.61B	29.08B	-23.25B	62M	-5.13B	409M	-4.02B	5.43B	-678M	-6M
Free Cash Flow+	6.86B	4B	3.11B	6.4B	4.41B	8.65B	6.83B	9.85B	11.16B	12.82B
FCF Margin %	29.13%	17.96%	13.69%	26.36%	18.73%	25.76%	15.46%	27.5%	28.65%	28.95%
FCF Growth %	52.06%	-41.66%	-22.28%	105.69%	-31.13%	96.23%	-20.98%	44.12%	13.32%	14.86%
FCF per Share	4.58	2.69	2.13	5.25	3.84	7.53	6.01	8.75	9.88	11.60
FCF Conversion (FCF/Net Income)	1.30x	1.90x	-0.78x	1.66x	1.12x	1.17x	0.70x	1.56x	1.20x	2.53x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	18.06%	7.89%	-31.34%	150.28%	94.63%	112.85%	92.52%	36.53%	42.39%	23.34%
Return on Invested Capital (ROIC)	13.46%	7.02%	4.03%	79.18%	38.93%	42.9%	47.08%	19.28%	23.95%	29.14%
Gross Margin	58.61%	56.07%	54.94%	64.57%	60.67%	57.51%	57.84%	55.7%	56.21%	55.43%
Net Margin	24.22%	11.06%	-21.84%	18.07%	22.09%	26.94%	29.27%	20.19%	26.03%	12.51%
Debt / Equity	0.37x	0.71x	17.64x	3.25x	2.59x	1.64x	0.90x	0.74x	0.59x	0.77x
Interest Coverage	21.87x	5.22x	0.81x	12.23x	10.39x	17.51x	32.37x	11.22x	14.45x	18.61x
FCF Conversion	1.30x	1.90x	-0.78x	1.66x	1.12x	1.17x	0.70x	1.56x	1.20x	2.53x
Revenue Growth	-6.83%	-5.36%	1.98%	6.78%	-3.06%	42.65%	31.68%	-18.96%	8.77%	13.66%

US Stock Screener

...

QUALCOMM Incorporated (QCOM) 10-Year Financial Performance & Capital Metrics

QCOM •

TechnologySemiconductorsAnalog, Mixed-Signal and RF Chips

Revenue $44.28B +13.7%
EBITDA $13.96B +18.5%
Net Income $5.54B -45.4%
EPS (Diluted) 5.01 -44.2%
Gross Margin 55.43% -1.4%
EBITDA Margin 31.52% +4.3%
Operating Margin 27.9% +7.9%
Net Margin 12.51% -51.9%
ROE 23.34% -44.9%
ROIC 29.14% +21.6%
Debt/Equity 0.77 +31.4%
Interest Coverage 18.61 +28.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 34.1%
✓FCF machine: 28.9% free cash flow margin
✓23 consecutive years of dividend growth
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 13.5%
✓Healthy dividend yield of 2.4%

✗Weaknesses

✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y5.77%

5Y13.48%

3Y0.06%

TTM10.25%

Profit (Net Income) CAGR

10Y0.5%

5Y1.29%

3Y-24.62%

TTM-49.17%

EPS CAGR

10Y4.52%

5Y2.08%

3Y-23.93%

TTM-46.95%

ROCE

10Y Avg23.42%

5Y Avg30.93%

3Y Avg24.03%

Latest28.85%

Peer Comparison

Analog, Mixed-Signal and RF Chips

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
QRVOQorvo, Inc.	7.68B	82.90	142.93	-1.34%	9.11%	9.21%	6.31%	0.46
ALABAstera Labs, Inc. Common Stock	20.23B	118.83	97.40	115.13%	25.7%	16.07%	1.39%
ADIAnalog Devices, Inc.	173.7B	355.79	78.02	16.89%	23.02%	8.01%	2.46%	0.26
AVGOBroadcom Inc.	1.52T	319.55	66.99	23.87%	36.2%	28.45%	1.78%	0.80
TXNTexas Instruments Incorporated	192.5B	212.11	38.92	13.05%	28.28%	30.73%	1.35%	0.86
NXPINXP Semiconductors N.V.	57.13B	227.01	28.55	-2.74%	16.47%	19.34%	4.24%	1.17
QCOMQUALCOMM Incorporated	152.89B	142.36	28.42	13.66%	11.96%	23.25%	8.38%	0.77
CRUSCirrus Logic, Inc.	7.38B	141.12	23.52	5.99%	20.47%	18.74%	5.63%	0.07

Profit & Loss

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Sales/Revenue+	23.55B	22.29B	22.73B	24.27B	23.53B	33.57B	44.2B	35.82B	38.96B	44.28B
Revenue Growth %	-6.83%	-5.36%	1.98%	6.78%	-3.06%	42.65%	31.68%	-18.96%	8.77%	13.66%
Cost of Goods Sold+	9.75B	9.79B	10.24B	8.6B	9.26B	14.26B	18.64B	15.87B	17.06B	19.74B
COGS % of Revenue	41.39%	43.93%	45.06%	35.43%	39.33%	42.49%	42.16%	44.3%	43.79%	44.57%
Gross Profit+	13.8B	12.5B	12.49B	15.67B	14.28B	19.3B	25.57B	19.95B	21.9B	24.55B
Gross Margin %	58.61%	56.07%	54.94%	64.57%	60.67%	57.51%	57.84%	55.7%	56.21%	55.43%
Gross Profit Growth %	-7.37%	-9.46%	-0.09%	25.51%	-8.92%	35.22%	32.43%	-21.96%	9.78%	12.07%
Operating Expenses+	7.31B	9.88B	11.75B	8.01B	8.02B	9.52B	9.71B	12.16B	11.83B	12.19B
OpEx % of Revenue	31.04%	44.35%	51.67%	32.99%	34.09%	28.35%	21.96%	33.96%	30.37%	27.53%
Selling, General & Admin	2.38B	2.66B	2.99B	2.19B	2.07B	2.34B	2.57B	2.48B	2.76B	3.11B
SG&A % of Revenue	10.13%	11.92%	13.14%	9.04%	8.81%	6.97%	5.81%	6.93%	7.08%	7.02%
Research & Development	5.15B	5.49B	5.63B	5.4B	5.97B	7.18B	8.19B	8.82B	8.89B	9.04B
R&D % of Revenue	21.87%	24.61%	24.74%	22.24%	25.39%	21.38%	18.54%	24.62%	22.82%	20.42%
Other Operating Expenses	-226M	1.74B	3.13B	414M	-28M	0	-1.06B	862M	179M	39M
Operating Income+	6.5B	2.58B	621M	7.67B	6.25B	9.79B	15.86B	7.79B	10.07B	12.36B
Operating Margin %	27.57%	11.58%	2.73%	31.59%	26.58%	29.16%	35.88%	21.74%	25.85%	27.9%
Operating Income Growth %	12.45%	-60.26%	-75.94%	1134.62%	-18.42%	56.5%	62.02%	-50.9%	29.31%	22.68%
EBITDA+	7.92B	4.04B	2.18B	9.07B	7.65B	11.37B	17.62B	9.6B	11.78B	13.96B
EBITDA Margin %	33.64%	18.13%	9.6%	37.36%	32.5%	33.88%	39.87%	26.79%	30.23%	31.52%
EBITDA Growth %	13.35%	-48.98%	-46.02%	315.58%	-15.66%	48.68%	54.97%	-45.54%	22.72%	18.51%
D&A (Non-Cash Add-back)	1.43B	1.46B	1.56B	1.4B	1.39B	1.58B	1.76B	1.81B	1.71B	1.6B
EBIT	6.81B	3.51B	3.77B	8.08B	6.23B	9.79B	15.49B	8.14B	11.03B	13.33B
Net Interest Income+	314M	125M	-157M	-327M	-446M	-476M	-399M	-381M	-22M	-25M
Interest Income	611M	619M	611M	300M	156M	83M	91M	313M	675M	639M
Interest Expense	297M	494M	768M	627M	602M	559M	490M	694M	697M	664M
Other Income/Expense	338M	439M	-229M	-186M	-536M	485M	-862M	-345M	265M	308M
Pretax Income+	6.83B	3.02B	513M	7.48B	5.72B	10.27B	15B	7.44B	10.34B	12.66B
Pretax Margin %	29.01%	13.55%	2.26%	30.82%	24.3%	30.61%	33.93%	20.78%	26.53%	28.59%
Income Tax+	1.13B	555M	5.38B	3.1B	521M	1.23B	2.01B	104M	226M	7.12B
Effective Tax Rate %	83.49%	81.66%	-967.64%	58.63%	90.89%	88.02%	86.25%	97.17%	98.12%	43.76%
Net Income+	5.71B	2.47B	-4.96B	4.39B	5.2B	9.04B	12.94B	7.23B	10.14B	5.54B
Net Margin %	24.22%	11.06%	-21.84%	18.07%	22.09%	26.94%	29.27%	20.19%	26.03%	12.51%
Net Income Growth %	8.23%	-56.77%	-301.3%	188.36%	18.51%	73.97%	43.05%	-44.09%	40.24%	-45.37%
Net Income (Continuing)	5.7B	2.44B	-4.96B	4.39B	5.2B	9.04B	12.99B	7.34B	10.11B	5.54B
Discontinued Operations	0	0	0	0	0	0	-50M	-107M	0	0
Minority Interest	-10M	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	3.81	1.64	-3.32	3.60	4.52	7.87	11.38	6.42	8.98	5.01
EPS Growth %	18.32%	-56.96%	-302.44%	208.43%	25.56%	74.11%	44.6%	-43.59%	39.88%	-44.21%
EPS (Basic)	3.84	1.66	-3.32	3.62	4.58	8.00	11.52	6.47	9.09	5.06
Diluted Shares Outstanding	1.5B	1.49B	1.46B	1.22B	1.15B	1.15B	1.14B	1.13B	1.13B	1.1B
Basic Shares Outstanding	1.48B	1.48B	1.46B	1.21B	1.14B	1.13B	1.12B	1.12B	1.12B	1.1B
Dividend Payout Ratio	52.41%	131.87%	-	67.67%	55.44%	33.26%	24.83%	47.87%	36.35%	68.67%

Balance Sheet

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Total Current Assets+	22.98B	43.59B	17.38B	16.77B	18.52B	20.07B	20.72B	22.46B	25.23B	25.75B
Cash & Short-Term Investments	18.65B	37.31B	12.09B	12.26B	11.21B	12.41B	6.38B	11.32B	13.3B	12.48B
Cash Only	5.95B	35.03B	11.78B	11.84B	6.71B	7.12B	2.77B	8.45B	7.85B	7.84B
Short-Term Investments	12.7B	2.28B	311M	421M	4.51B	5.3B	3.61B	2.87B	5.45B	4.63B
Accounts Receivable	2.22B	3.63B	2.9B	2.47B	4B	3.58B	5.64B	3.18B	3.93B	4.32B
Days Sales Outstanding	34.39	59.47	46.63	37.16	62.09	38.92	46.6	32.43	36.81	35.57
Inventory	1.56B	2.04B	1.69B	1.4B	2.6B	3.23B	7.04B	6.42B	6.42B	8.03B
Days Inventory Outstanding	58.26	75.86	60.32	59.43	102.46	82.61	137.93	147.71	137.42	148.42
Other Current Assets	558M	618M	699M	634M	704M	854M	1.66B	1.53B	1.58B	935M
Total Non-Current Assets+	29.38B	21.89B	15.3B	16.19B	17.07B	21.16B	28.29B	28.58B	29.92B	24.39B
Property, Plant & Equipment	2.31B	3.22B	2.98B	3.08B	3.71B	4.56B	5.17B	5.04B	4.67B	4.69B
Fixed Asset Turnover	10.21x	6.93x	7.64x	7.88x	6.34x	7.36x	8.55x	7.10x	8.35x	9.44x
Goodwill	5.68B	6.62B	6.5B	6.28B	6.32B	7.25B	10.51B	10.64B	10.8B	11.36B
Intangible Assets	3.5B	3.74B	2.96B	2.17B	1.65B	1.46B	1.88B	1.41B	1.24B	1.15B
Long-Term Investments	13.7B	1.27B	35M	0	0	0	0	0	0	0
Other Non-Current Assets	2.16B	4.15B	1.94B	3.46B	4.04B	6.31B	8.93B	8.17B	8.05B	6.45B
Total Assets+	52.36B	65.49B	32.69B	32.96B	35.59B	41.24B	49.01B	51.04B	55.15B	50.14B
Asset Turnover	0.45x	0.34x	0.70x	0.74x	0.66x	0.81x	0.90x	0.70x	0.71x	0.88x
Asset Growth %	3.08%	25.07%	-50.09%	0.83%	8%	15.86%	18.85%	4.13%	8.06%	-9.09%
Total Current Liabilities+	7.31B	10.91B	11.24B	8.94B	8.67B	11.95B	11.87B	9.63B	10.5B	9.14B
Accounts Payable	1.86B	1.97B	1.82B	1.37B	2.25B	2.75B	3.8B	1.91B	2.58B	2.79B
Days Payables Outstanding	69.56	73.47	65.03	58.07	88.66	70.38	74.35	43.98	55.28	51.61
Short-Term Debt	1.75B	2.5B	1B	2.5B	500M	2.04B	1.95B	1.01B	1.36B	102M
Deferred Revenue (Current)	509M	502M	500M	565M	568M	612M	369M	293M	297M	358M
Other Current Liabilities	2.26B	4.76B	6.83B	3.46B	2.27B	3.84B	3.33B	2.62B	5.08B	5.89B
Current Ratio	3.14x	4.00x	1.55x	1.88x	2.14x	1.68x	1.75x	2.33x	2.40x	2.82x
Quick Ratio	2.93x	3.81x	1.40x	1.72x	1.84x	1.41x	1.15x	1.67x	1.79x	1.94x
Cash Conversion Cycle	23.08	61.86	41.93	38.52	75.9	51.15	110.18	136.17	118.94	132.37
Total Non-Current Liabilities+	13.28B	23.83B	20.52B	19.11B	20.84B	19.34B	19.14B	19.83B	18.38B	19.79B
Long-Term Debt	10.01B	19.4B	15.37B	13.44B	15.23B	13.7B	13.54B	14.48B	13.27B	15.54B
Capital Lease Obligations	0	0	0	0	0	428M	573M	571M	708M	730M
Deferred Tax Liabilities	0	0	0	0	0	0	2.27B	2.41B	2.61B	2.73B
Other Non-Current Liabilities	895M	2.43B	3.54B	4.52B	4.86B	4.85B	2.61B	2.27B	1.7B	720M
Total Liabilities	20.59B	34.74B	31.76B	28.05B	29.52B	31.29B	31B	29.46B	28.88B	28.94B
Total Debt+	11.76B	21.89B	16.37B	15.93B	15.73B	16.3B	16.16B	16.07B	15.44B	16.37B
Net Debt	5.81B	-13.14B	4.59B	4.09B	9.02B	9.18B	13.39B	7.62B	7.59B	8.53B
Debt / Equity	0.37x	0.71x	17.64x	3.25x	2.59x	1.64x	0.90x	0.74x	0.59x	0.77x
Debt / EBITDA	1.48x	5.42x	7.50x	1.76x	2.06x	1.43x	0.92x	1.67x	1.31x	1.17x
Net Debt / EBITDA	0.73x	-3.25x	2.10x	0.45x	1.18x	0.81x	0.76x	0.79x	0.64x	0.61x
Interest Coverage	21.87x	5.22x	0.81x	12.23x	10.39x	17.51x	32.37x	11.22x	14.45x	18.61x
Total Equity+	31.77B	30.75B	928M	4.91B	6.08B	9.95B	18.01B	21.58B	26.27B	21.21B
Equity Growth %	1.13%	-3.22%	-96.98%	428.99%	23.79%	63.73%	81.04%	19.81%	21.75%	-19.29%
Book Value per Share	21.21	20.63	0.63	4.02	5.29	8.66	15.84	19.17	23.25	19.19
Total Shareholders' Equity	31.78B	30.75B	928M	4.91B	6.08B	9.95B	18.01B	21.58B	26.27B	21.21B
Common Stock	414M	274M	0	343M	586M	0	195M	490M	0	0
Retained Earnings	30.94B	30.09B	663M	4.47B	5.28B	9.82B	17.84B	20.73B	25.69B	20.65B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	428M	384M	265M	100M	207M	128M	-22M	358M	587M	560M
Minority Interest	-10M	0	0	0	0	0	0	0	0	0

Cash Flow

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Cash from Operations+	7.4B	4.69B	3.9B	7.29B	5.81B	10.54B	9.1B	11.3B	12.2B	14.01B
Operating CF Margin %	31.42%	21.05%	17.13%	30.02%	24.71%	31.39%	20.58%	31.54%	31.32%	31.64%
Operating CF Growth %	34.4%	-36.58%	-17%	87.06%	-20.2%	81.22%	-13.67%	24.22%	7.99%	14.83%
Net Income	5.7B	2.46B	-4.86B	4.39B	5.2B	9.04B	12.99B	7.34B	10.11B	5.54B
Depreciation & Amortization	1.43B	1.46B	1.56B	1.4B	1.39B	1.58B	1.76B	1.81B	1.71B	1.6B
Stock-Based Compensation	943M	914M	883M	1.04B	1.21B	1.66B	2.03B	2.48B	2.65B	2.78B
Deferred Taxes	-200M	-400M	4.5B	1.98B	-309M	-245M	-138M	-1.27B	-3.06B	0
Other Non-Cash Items	-320M	-171M	353M	-290M	-73M	-1.05B	255M	-212M	-421M	3.67B
Working Capital Changes	-153M	424M	1.46B	-1.22B	-1.61B	-461M	-7.8B	1.15B	1.22B	414M
Change in Receivables	-232M	-1.1B	734M	1.37B	-1.53B	426M	-2.07B	2.47B	-768M	-365M
Change in Inventory	-49M	-200M	337M	273M	-1.16B	-622M	-3.14B	8M	13M	-138M
Change in Payables	541M	-45M	-94M	-443M	907M	495M	1.04B	-1.88B	682M	119M
Cash from Investing+	-3.49B	18.46B	4.38B	-806M	-5.26B	-3.36B	-5.8B	762M	-3.62B	-800M
Capital Expenditures	-539M	-690M	-784M	-887M	-1.41B	-1.89B	-2.26B	-1.45B	-1.04B	-1.19B
CapEx % of Revenue	2.29%	3.1%	3.45%	3.65%	5.98%	5.62%	5.12%	4.05%	2.67%	2.69%
Acquisitions	-812M	-1.54B	-326M	-252M	-185M	-1.38B	-4.91B	-235M	-254M	-743M
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	440M	-1.95B	2.02B	-761M	43M	-59M	30M	1.53B	-24M	455M
Cash from Financing+	-5.52B	5.88B	-31.49B	-6.39B	-5.71B	-6.8B	-7.2B	-6.66B	-9.27B	-13.2B
Debt Issued (Net)	749M	10.2B	-5.51B	-503M	-229M	1M	-415M	-64M	-914M	122M
Equity Issued (Net)	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Dividends Paid	-2.99B	-3.25B	-3.47B	-2.97B	-2.88B	-3.01B	-3.21B	-3.46B	-3.69B	-3.81B
Share Repurchases	-3.92B	-1.34B	-22.58B	-1.79B	-2.45B	-3.37B	-3.13B	-2.97B	-4.12B	-8.79B
Other Financing	866M	-226M	-548M	-1.54B	-475M	-772M	-796M	357M	-930M	-1.13B
Net Change in Cash	-1.61B	29.08B	-23.25B	62M	-5.13B	409M	-4.02B	5.43B	-678M	-6M
Free Cash Flow+	6.86B	4B	3.11B	6.4B	4.41B	8.65B	6.83B	9.85B	11.16B	12.82B
FCF Margin %	29.13%	17.96%	13.69%	26.36%	18.73%	25.76%	15.46%	27.5%	28.65%	28.95%
FCF Growth %	52.06%	-41.66%	-22.28%	105.69%	-31.13%	96.23%	-20.98%	44.12%	13.32%	14.86%
FCF per Share	4.58	2.69	2.13	5.25	3.84	7.53	6.01	8.75	9.88	11.60
FCF Conversion (FCF/Net Income)	1.30x	1.90x	-0.78x	1.66x	1.12x	1.17x	0.70x	1.56x	1.20x	2.53x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	18.06%	7.89%	-31.34%	150.28%	94.63%	112.85%	92.52%	36.53%	42.39%	23.34%
Return on Invested Capital (ROIC)	13.46%	7.02%	4.03%	79.18%	38.93%	42.9%	47.08%	19.28%	23.95%	29.14%
Gross Margin	58.61%	56.07%	54.94%	64.57%	60.67%	57.51%	57.84%	55.7%	56.21%	55.43%
Net Margin	24.22%	11.06%	-21.84%	18.07%	22.09%	26.94%	29.27%	20.19%	26.03%	12.51%
Debt / Equity	0.37x	0.71x	17.64x	3.25x	2.59x	1.64x	0.90x	0.74x	0.59x	0.77x
Interest Coverage	21.87x	5.22x	0.81x	12.23x	10.39x	17.51x	32.37x	11.22x	14.45x	18.61x
FCF Conversion	1.30x	1.90x	-0.78x	1.66x	1.12x	1.17x	0.70x	1.56x	1.20x	2.53x
Revenue Growth	-6.83%	-5.36%	1.98%	6.78%	-3.06%	42.65%	31.68%	-18.96%	8.77%	13.66%

QUALCOMM Incorporated (QCOM) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare QCOM vs Peers

vs AVGO

vs TXN

Compare Top 5

Profit & Loss

Balance Sheet

Cash Flow

Key Ratios

Deep Dive Analysis

Valuation Overview

Total Return Calculator

Dividend History

Earnings History

Price History

Revenue History

Financial Ratios

QUALCOMM Incorporated (QCOM) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare QCOM vs Peers

vs AVGO

vs TXN

Compare Top 5

Profit & Loss

Balance Sheet

Cash Flow

Key Ratios

Deep Dive Analysis

Valuation Overview

Total Return Calculator

Dividend History

Earnings History

Price History

Revenue History

Financial Ratios