QUALCOMM Incorporated (QCOM) Financial Ratios
30 years of historical data (1996–2025) · Technology · Semiconductors
EV/EBITDA
↑
15.16
+14% vs avg
5yr avg: 13.34
30Y Low8.0·High58.3
P/FCF
↓
15.84
-2% vs avg
5yr avg: 16.09
30Y Low11.7·High87.9
P/B Ratio
↓
10.04
+14% vs avg
5yr avg: 8.79
30Y Low2.1·High113.6
ROE
↓
23.3%
↑-62% vs avg
5yr avg: 61.5%
30Y Low-31%·High150%
Debt/EBITDA
↓
1.17
↓-10% vs avg
5yr avg: 1.30
30Y Low0.0·High7.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
QCOM Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
QUALCOMM Incorporated trades at 38.5x earnings, 100% above its 5-year average of 19.3x, sitting at the 75th percentile of its historical range. Compared to the Technology sector median P/E of 27.2x, the stock trades at a premium of 41%. On a free-cash-flow basis, the stock trades at 15.8x P/FCF, roughly in line with the 5-year average of 16.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $203.1B | $187.0B | $192.2B | $125.1B | $128.5B | $148.2B | $135.2B | $93.1B | $105.4B | $77.2B | $102.6B |
| Enterprise Value | $211.6B | $195.5B | $199.7B | $132.7B | $141.8B | $157.4B | $144.2B | $97.2B | $110.0B | $64.1B | $108.4B |
| P/E Ratio → | 38.46 | 33.77 | 18.94 | 17.30 | 9.93 | 16.39 | 26.04 | 21.19 | — | 31.61 | 17.98 |
| P/S Ratio | 4.59 | 4.22 | 4.93 | 3.49 | 2.91 | 4.42 | 5.75 | 3.83 | 4.64 | 3.47 | 4.36 |
| P/B Ratio | 10.04 | 8.82 | 7.31 | 5.79 | 7.13 | 14.89 | 22.25 | 18.96 | 113.56 | 2.51 | 3.23 |
| P/FCF | 15.84 | 14.58 | 17.22 | 12.70 | 18.80 | 17.14 | 30.68 | 14.54 | 33.87 | 19.30 | 14.96 |
| P/OCF | 14.49 | 13.34 | 15.75 | 11.07 | 14.12 | 14.07 | 23.26 | 12.77 | 27.06 | 16.46 | 13.87 |
P/E links to full P/E history page with 30-year chart
QCOM EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
QUALCOMM Incorporated's enterprise value stands at 15.2x EBITDA, 14% above its 5-year average of 13.3x. The Technology sector median is 17.3x, placing the stock at a 12% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 4.41 | 5.13 | 3.70 | 3.21 | 4.69 | 6.13 | 4.00 | 4.84 | 2.88 | 4.60 |
| EV / EBITDA | 15.16 | 14.01 | 16.96 | 13.82 | 8.05 | 13.84 | 18.86 | 10.71 | 50.40 | 15.86 | 13.68 |
| EV / EBIT | 17.13 | 14.67 | 18.10 | 16.30 | 9.16 | 16.08 | 23.16 | 12.02 | 29.14 | 18.24 | 15.92 |
| EV / FCF | — | 15.25 | 17.90 | 13.47 | 20.76 | 18.20 | 32.73 | 15.18 | 35.35 | 16.01 | 15.80 |
QCOM Profitability
Margins and return-on-capital ratios measuring operating efficiency
QUALCOMM Incorporated earns an operating margin of 27.9%. Operating margins have expanded from 21.7% to 27.9% over the past 3 years, signaling improving operational efficiency. ROE of 23.3% indicates solid capital efficiency. ROIC of 29.1% represents excellent returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 55.4% | 55.4% | 56.2% | 55.7% | 57.8% | 57.5% | 60.7% | 64.6% | 54.9% | 56.1% | 58.6% |
| Operating Margin | 27.9% | 27.9% | 25.8% | 21.7% | 35.9% | 29.2% | 26.6% | 31.6% | 2.7% | 11.6% | 27.6% |
| Net Profit Margin | 12.5% | 12.5% | 26.0% | 20.2% | 29.3% | 26.9% | 22.1% | 18.1% | -21.8% | 11.1% | 24.2% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 23.3% | 23.3% | 42.4% | 36.5% | 92.5% | 112.8% | 94.6% | 150.3% | -31.3% | 7.9% | 18.1% |
| ROA | 10.5% | 10.5% | 19.1% | 14.5% | 28.7% | 23.5% | 15.2% | 13.4% | -10.1% | 4.2% | 11.1% |
| ROIC | 29.1% | 29.1% | 24.0% | 19.3% | 47.1% | 42.9% | 38.9% | 79.2% | 4.0% | 7.0% | 13.5% |
| ROCE | 28.9% | 28.9% | 23.4% | 19.8% | 47.7% | 34.8% | 24.6% | 33.7% | 1.6% | 5.2% | 14.5% |
QCOM Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
QUALCOMM Incorporated carries a Debt/EBITDA ratio of 1.2x, which is manageable (59% below the sector average of 2.9x). Net debt stands at $8.5B ($16.4B total debt minus $7.8B cash). Interest coverage of 20.1x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.77 | 0.77 | 0.59 | 0.74 | 0.90 | 1.64 | 2.59 | 3.25 | 17.64 | 0.71 | 0.37 |
| Debt / EBITDA | 1.17 | 1.17 | 1.31 | 1.67 | 0.92 | 1.43 | 2.06 | 1.76 | 7.50 | 5.42 | 1.48 |
| Net Debt / Equity | — | 0.40 | 0.29 | 0.35 | 0.74 | 0.92 | 1.48 | 0.83 | 4.95 | -0.43 | 0.18 |
| Net Debt / EBITDA | 0.61 | 0.61 | 0.64 | 0.79 | 0.76 | 0.81 | 1.18 | 0.45 | 2.10 | -3.25 | 0.73 |
| Debt / FCF | — | 0.67 | 0.68 | 0.77 | 1.96 | 1.06 | 2.05 | 0.64 | 1.48 | -3.28 | 0.85 |
| Interest Coverage | 20.07 | 20.07 | 15.83 | 11.72 | 31.61 | 17.51 | 10.34 | 12.89 | 4.91 | 7.11 | 22.94 |
QCOM Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
QUALCOMM Incorporated's current ratio of 2.82x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 1.94x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 2.33x to 2.82x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.82 | 2.82 | 2.40 | 2.33 | 1.75 | 1.68 | 2.14 | 1.88 | 1.55 | 4.00 | 3.14 |
| Quick Ratio | 1.94 | 1.94 | 1.79 | 1.67 | 1.15 | 1.41 | 1.84 | 1.72 | 1.40 | 3.81 | 2.93 |
| Cash Ratio | 1.36 | 1.36 | 1.27 | 1.18 | 0.54 | 1.04 | 1.29 | 1.37 | 1.08 | 3.42 | 2.55 |
| Asset Turnover | — | 0.88 | 0.71 | 0.70 | 0.90 | 0.81 | 0.66 | 0.74 | 0.70 | 0.34 | 0.45 |
| Inventory Turnover | 2.46 | 2.46 | 2.66 | 2.47 | 2.65 | 4.42 | 3.56 | 6.14 | 6.05 | 4.81 | 6.27 |
| Days Sales Outstanding | — | 35.57 | 36.81 | 32.43 | 46.60 | 38.92 | 62.09 | 37.16 | 46.63 | 59.47 | 34.39 |
QCOM Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
QUALCOMM Incorporated returns 6.1% to shareholders annually — split between a 1.8% dividend yield and 4.3% buyback yield. A payout ratio of 68.7% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 2.6% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.8% | 2.0% | 1.9% | 2.8% | 2.5% | 2.0% | 2.1% | 3.2% | 3.3% | 4.2% | 2.9% |
| Payout Ratio | 68.7% | 68.7% | 36.4% | 47.9% | 24.8% | 33.3% | 55.4% | 67.7% | — | 131.9% | 52.4% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.6% | 3.0% | 5.3% | 5.8% | 10.1% | 6.1% | 3.8% | 4.7% | — | 3.2% | 5.6% |
| FCF Yield | 6.3% | 6.9% | 5.8% | 7.9% | 5.3% | 5.8% | 3.3% | 6.9% | 3.0% | 5.2% | 6.7% |
| Buyback Yield | 4.3% | 4.7% | 2.1% | 2.4% | 2.4% | 2.3% | 1.8% | 1.9% | 21.4% | 1.7% | 3.8% |
| Total Shareholder Yield | 6.1% | 6.7% | 4.1% | 5.1% | 4.9% | 4.3% | 3.9% | 5.1% | 24.7% | 5.9% | 6.7% |
| Shares Outstanding | — | $1.1B | $1.1B | $1.1B | $1.1B | $1.1B | $1.1B | $1.2B | $1.5B | $1.5B | $1.5B |
Peer Comparison
Compare QCOM with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 QCOMYou | $203B | 38.5 | 15.2 | 15.8 | 55.4% | 27.9% | 23.3% | 29.1% | 1.2 |
 AVGO | $2.0T | 89.2 | 60.3 | 74.9 | 67.8% | 39.9% | 31.0% | 14.9% | 1.9 |
 MRVL | $149B | 56.1 | 114.1 | 106.8 | 51.0% | 16.1% | 19.3% | 6.0% | 3.4 |
 SWKS | $10B | 21.1 | 10.2 | 8.8 | 41.2% | 12.2% | 7.9% | 6.3% | 1.2 |
 QRVO | $8B | 24.6 | 20.8 | 12.1 | 45.9% | 11.2% | 10.1% | 8.1% | 3.8 |
 MCHP | $56B | -9999.0 | 57.9 | 72.2 | 56.1% | 6.7% | -0.0% | 1.8% | 5.4 |
 INTC | $567B | -1918.7 | 51.3 | — | 34.8% | -0.0% | -0.2% | -0.0% | 4.0 |
 AMD | $687B | 159.0 | 102.4 | 102.0 | 49.5% | 10.7% | 7.2% | 4.7% | 0.7 |
 NVDA | $5.0T | 42.4 | 37.9 | 52.2 | 71.1% | 60.4% | 101.5% | 81.8% | 0.1 |
 TXN | $264B | 53.1 | 34.4 | 101.2 | 57.0% | 34.1% | 30.1% | 15.8% | 1.9 |
 ADI | $203B | 91.2 | 42.4 | 47.4 | 61.5% | 26.6% | 6.6% | 5.4% | 1.8 |
| Technology Median | — | 27.2 | 17.3 | 19.8 | 48.9% | -0.6% | 2.5% | 3.0% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonQCOM — Frequently Asked Questions
Quick answers to the most common questions about buying QCOM stock.
What is QUALCOMM Incorporated's P/E ratio?
QUALCOMM Incorporated's current P/E ratio is 38.5x. The historical average is 37.2x. This places it at the 75th percentile of its historical range.
What is QUALCOMM Incorporated's EV/EBITDA?
QUALCOMM Incorporated's current EV/EBITDA is 15.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 22.2x.
What is QUALCOMM Incorporated's ROE?
QUALCOMM Incorporated's return on equity (ROE) is 23.3%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 27.2%.
Is QCOM stock overvalued?
Based on historical data, QUALCOMM Incorporated is trading at a P/E of 38.5x. This is at the 75th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is QUALCOMM Incorporated's dividend yield?
QUALCOMM Incorporated's current dividend yield is 1.79% with a payout ratio of 68.7%.
What are QUALCOMM Incorporated's profit margins?
QUALCOMM Incorporated has 55.4% gross margin and 27.9% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does QUALCOMM Incorporated have?
QUALCOMM Incorporated's Debt/EBITDA ratio is 1.2x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.