Apple Inc.

  • Earnings Score
  • Safety Score
  • Market Cap $3.73T
  • PE 40
  • Debt $108.25B
  • Cash $29.94B
  • EV $3.80T
  • FCF $108.81B

Earnings

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Sales & Net Margins

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Earnings$93.74B
EBIT$123.49B
ROE165%
ROA34%
FCF$108.81B
Equity$56.95B
Growth Stability96%
PE39.75
PEG2.98
PB65.43
P/FCF34.25
P/S9.53
Price/Cash0.01
Debt/Equity1.9
Debt/FCF0.99
Net Margins24%
Gross Margins46%
Op. Margins32%
Earnings CAGR11%
Sales Growth YoY6%
Sales Growth QoQ11%
Sales CAGR8%
FCF CAGR11%
Equity CAGR-10%
Earnings Stability0.86
Earnings Growth YoY-36%
Earnings Growth QoQ-31%
Earnings CAGR 5Y13%
Sales CAGR 5Y9%
FCF CAGR 5Y10%
Equity CAGR 5Y-4%
Earnings CAGR 3Y0%
Sales CAGR 3Y0%
FCF CAGR 3Y0%
Equity CAGR 3Y2%
Market Cap$3.73T
Revenue$391.04B
Dividend Yield0%
Payout Ratio16%
Assets$364.98B
Total Debt$108.25B
Cash$29.94B
Shares Outstanding15.12B
EV3.8T
Earnings Score93%
Safety Score90%
Working Capital-23.41B
Current Ratio0.87
Gross Profit$180.68B
Shares Growth 3y-3%
Equity Growth QoQ-15%
Equity Growth YoY-8%

Assets & ROA

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Stockholders Equity & ROE

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Apple designs a wide variety of consumer electronic devices, including smartphones (iPhone), tablets (iPad), PCs (Mac), smartwatches (Apple Watch), AirPods, and TV boxes (Apple TV), among others. The iPhone makes up the majority of Apple's total revenue. In addition, Apple offers its customers a variety of services such as Apple Music, iCloud, Apple Care, Apple TV+, Apple Arcade, Apple Card, and Apple Pay, among others. Apple's products run internally developed software and semiconductors, and the firm is well known for its integration of hardware, software and services. Apple's products are distributed online as well as through company-owned stores and third-party retailers. The company generates roughly 40% of its revenue from the Americas, with the remainder earned internationally.

SEC Filings

Direct access to Apple Inc. (AAPL) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

  • 2024
    • 10-K Sep 28
    • 10-Q Jun 29
    • 10-Q Mar 30
  • 2023
    • 10-Q Dec 30
    • 10-K Sep 30
    • 10-Q Jul 01
    • 10-Q Apr 01
  • 2022
    • 10-Q Dec 31
    • 10-K Sep 24
    • 10-Q Jun 25
    • 10-Q Mar 26

Sector Comparison

How does Apple Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Apple Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 11%
Stability 86%
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Apple Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Apple Inc..

= $2.3T
012345678910TV
fcf$109B$120B$133B$147B$163B$180B$200B$221B$244B$270B$299B$3T
DCF$109B$110B$111B$111B$112B$113B$113B$114B$115B$115B$1.2T
Value$2.3T

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years09/201509/201609/201709/201809/201909/202009/202109/202209/202309/2024TTM
Net Margins23%21%21%22%21%21%26%25%25%24%24%
ROA-19%17%20%19%21%31%34%32%34%34%
ROE-36%36%56%61%88%150%197%156%165%165%

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years09/201509/201609/201709/201809/201909/202009/202109/202209/202309/2024TTM
Debt over FCF-1.542.161.761.91.571.381.11.170.990.99
Debt over Equity0.490.640.821.051.241.762.032.431.871.91.9
Growth Stability---100%100%100%100%100%100%96%96%

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years09/201509/201609/201709/201809/201909/202009/202109/202209/202309/2024CAGR 5Y
Revenue YoY growth--8%6%16%-2%6%33%8%-3%2%9%
Earnings YoY growth--14%6%23%-7%4%65%5%-3%-3%13%
Equity YoY growth-7%5%-20%-16%-28%-3%-20%23%-8%-4%
FCF YoY growth--24%-4%25%-8%25%27%20%-11%9%10%