Saturday 10 October 2026
Export all AAPL data to Excel Powerpack
Apple Inc.
AAPL Technology Consumer Electronics
Apple Inc.’s revenue for fiscal 2025 (year ended September 2025) was $416.2 billion, up 6.43% from fiscal 2024. In the quarter to June 2026, revenue grew 16.4%, EPS grew 29.3%, free cash flow grew 30.8% and total debt fell 17.1%, each against the same quarter a year earlier. Member of the S&P 500, Nasdaq 100 and Dow Jones; dividend growth for ten consecutive years, revenue growth for three.
336.64
3.78
−1.11%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to September
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 22.37 | 28.69 | 36.65 | 35.50 | 53.15 | 116.21 | 125.87 | 124.17 | 164.08 | 169.21 |
Analyst estimates 2026–2028 Powerpack |
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| High | 29.67 | 44.30 | 58.37 | 73.49 | 138.79 | 182.13 | 182.94 | 199.62 | 260.10 | 288.62 | |||||
| People | |||||||||||||||
| People | Employees | 116,000 | 123,000 | 132,000 | 137,000 | 147,000 | 154,000 | 164,000 | 161,000 | 164,000 | 166,000 | ||||
| Revenue/emp, $m | 1.86 | 1.86 | 2.01 | 1.90 | 1.87 | 2.38 | 2.40 | 2.38 | 2.38 | 2.51 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 215,639 | 229,234 | 265,595 | 260,174 | 274,515 | 365,817 | 394,328 | 383,285 | 391,035 | 416,161 | ||||
| Gross margin, % | 39.08 | 38.47 | 38.34 | 37.82 | 38.23 | 41.78 | 43.31 | 44.13 | 46.21 | 46.91 | |||||
| EBT | 61,372 | 64,089 | 72,903 | 65,737 | 67,091 | 109,207 | 119,103 | 113,736 | 123,485 | 132,729 | |||||
| EBT margin, % | 28.46 | 27.96 | 27.45 | 25.27 | 24.44 | 29.85 | 30.20 | 29.67 | 31.58 | 31.89 | |||||
| Net income | 45,687 | 48,351 | 59,531 | 55,256 | 57,411 | 94,680 | 99,803 | 96,995 | 93,736 | 112,010 | |||||
| Depreciation | 10,505 | 10,157 | 10,903 | 12,547 | 11,056 | 11,284 | 11,104 | 11,519 | 11,445 | 11,698 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 9.85 | 10.98 | 13.40 | 14.09 | 15.82 | 21.90 | 24.32 | 24.34 | 25.48 | 27.84 | ||||
| Earnings | 2.09 | 2.32 | 3.00 | 2.99 | 3.31 | 5.67 | 6.15 | 6.16 | 6.11 | 7.49 | |||||
| Cash flow | 3.03 | 3.08 | 3.91 | 3.76 | 4.65 | 6.23 | 7.53 | 7.02 | 7.71 | 7.46 | |||||
| Capex | (0.60) | (0.60) | (0.67) | (0.57) | (0.42) | (0.66) | (0.66) | (0.70) | (0.62) | (0.85) | |||||
| Free cash flow | 2.43 | 2.48 | 3.23 | 3.19 | 4.23 | 5.57 | 6.87 | 6.33 | 7.09 | 6.61 | |||||
| Book value | 5.86 | 6.42 | 5.41 | 4.90 | 3.77 | 3.78 | 3.12 | 3.95 | 3.71 | 4.93 | |||||
| Shares, m | 21,883 | 20,869 | 19,822 | 18,471 | 17,352 | 16,701 | 16,216 | 15,744 | 15,344 | 14,949 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 13.59 | 16.63 | 18.99 | 18.76 | 35.12 | 24.96 | 22.51 | 28.21 | 38.26 | 34.04 | ||||
| P/S | 2.87 | 3.50 | 4.24 | 3.98 | 7.32 | 6.46 | 5.68 | 7.14 | 9.14 | 9.15 | |||||
| P/B | 4.82 | 5.99 | 10.51 | 11.43 | 30.76 | 37.46 | 44.23 | 44.02 | 62.78 | 51.62 | |||||
| EV/Sales | 2.96 | 3.68 | 4.42 | 4.00 | 7.40 | 6.63 | 5.87 | 7.27 | 9.25 | 9.25 | |||||
| EV/FCF | 12.00 | 16.30 | 18.31 | 17.68 | 27.68 | 26.09 | 20.75 | 29.90 | 35.33 | 41.70 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 66,231 | 64,225 | 77,434 | 69,391 | 80,674 | 104,038 | 122,151 | 110,543 | 118,254 | 111,482 | ||||
| Capex | (13,031) | (12,451) | (13,313) | (10,495) | (7,309) | (11,085) | (10,708) | (10,959) | (9,447) | (12,715) | |||||
| Free cash flow | 53,200 | 51,774 | 64,121 | 58,896 | 73,365 | 92,953 | 111,443 | 99,584 | 108,807 | 98,767 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 27,863 | 27,831 | 15,410 | 57,101 | 38,321 | 9,355 | (18,577) | (1,742) | (23,405) | (17,674) | ||||
| Total debt | 87,032 | 115,680 | 114,483 | 108,047 | 112,436 | 124,719 | 120,069 | 111,088 | 106,629 | 98,657 | |||||
| Net debt | 19,877 | 41,499 | 48,182 | 7,490 | 21,493 | 62,080 | 71,765 | 49,533 | 41,458 | 43,960 | |||||
| Shareholders’ equity | 128,249 | 134,047 | 107,147 | 90,488 | 65,339 | 63,090 | 50,672 | 62,146 | 56,950 | 73,733 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 14.93 | 13.87 | 16.07 | 15.69 | 17.33 | 28.06 | 28.36 | 27.50 | 26.13 | 30.93 | ||||
| ROIC | 25.33 | 21.84 | 28.53 | 40.78 | 47.71 | 54.40 | 60.97 | 63.97 | 78.26 | 70.66 | |||||
| ROE | 36.90 | 36.87 | 49.36 | 55.92 | 73.69 | 147.44 | 175.46 | 171.95 | 157.41 | 171.42 | |||||
Negative figures in brackets.
Fiscal years to Sep 2025 · latest quarter Jun 2026
Charts ten years each
Apple Inc. vs peers in Consumer Electronics (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| AAPL Apple Inc. | $4.97T | 38.5× | 35.1× | +16.36% (above 0%: growing) | +29.30% (above 0%: growing) | +30.77% (above 0%: growing) | 50.06% | 32.62% | |
| SONY Sony Corporation | $140.7B | — (loss-making) | 17.2× | −1.17% (below 0%: shrinking) | +33.33% (above 0%: growing) | +243.63% (above 0%: growing) | 36.70% | 16.79% | Compare |
| LPL LG Display Co., Ltd. | $2.9B | — (loss-making) | 1.4× | +0.45% (above 0%: growing) | n/m | +121.21% (above 0%: growing) | 13.62% | (1.92%) | Compare |
| SONO Sonos, Inc. | $2.0B | 35.9× | 38.7× | +8.85% (above 0%: growing) | n/m | +23.26% (above 0%: growing) | 50.45% | 8.40% | Compare |
| FXHO UTime Limited | $308.0M | — (loss-making) | — | +1.06% (above 0%: growing) | n/m | −341.47% (below 0%: shrinking) | 23.95% | 0.00% | Compare |
| TBCH Turtle Beach Corporation | $228.0M | — (loss-making) | 17.7× | −0.73% (below 0%: shrinking) | n/m | +270.16% (above 0%: growing) | 38.79% | (5.41%) | Compare |
| GPRO GoPro, Inc. | $220.8M | — (loss-making) | — (loss-making) | −31.26% (below 0%: shrinking) | n/m | −242.66% (below 0%: shrinking) | 30.17% | (37.15%) | Compare |
| VUZI Vuzix Corporation | $214.4M | — (loss-making) | — (loss-making) | −14.06% (below 0%: shrinking) | n/m | −23.09% (below 0%: shrinking) | (57.96%) | (696.34%) | Compare |
| UEIC Universal Electronics Inc. | $70.7M | — (loss-making) | — (loss-making) | −25.01% (below 0%: shrinking) | n/m | −22.84% (below 0%: shrinking) | 35.37% | 6.54% | Compare |
| Median of peers | $268.0M | — | 17.5× | −0.95% | — | +0.21% | 32.77% | (0.96%) |
AAPL metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
Apple Inc. (AAPL) key facts
- Strength: Apple Inc.’s revenue for fiscal 2025 (year ended September 2025) was $416.2 billion, up 6.43% from fiscal 2024.
- Apple Inc. (AAPL) is a Consumer Electronics company in the Technology sector, listed on Nasdaq.
- As of October 9, 2026, AAPL traded at $336.64, a market capitalization of $4.97 trillion.
- Apple Inc. pays an annual dividend of $1.06 per share, a yield of 0.31%, with a payout ratio of 12.2%.
- Return on equity was 171.4% and debt-to-equity 0.78.
- Its Piotroski F-score is 8 out of 9 and its Altman Z-score is 10.27 (safe zone) for fiscal 2025.
Financial Analysis (summary)
Updated
Apple’s latest reported quarter was Q3 FY2026, ended June 30, 2026. The trailing-twelve-month results through that quarter showed growth in revenue, net income, operating cash flow and free cash flow. In Q3 FY2026, revenue was lower than in Q2 FY2026, while EPS, free cash flow and both reported margins were higher.
FY2025 revenue, net income and EPS were higher than in FY2024, while operating cash flow and free cash flow were lower. Over the five fiscal years through FY2025, gross, operating, pre-tax and net margins increased. The balance sheet carried net debt at Q3 FY2026, and the company continued dividends and net share repurchases in FY2025. Current valuation multiples were above most of their own historical medians.