Apple

US · AAPL #2 by market cap Listed 1980

341.92 -1.02 -0.30%

Live - 5344 symbols - heartbeat 558s ago · 2026-10-20 10:50

✦ Quant Financial Health how this is computed

Good

Altman Z-Score is 12.75, above the 3.0 "safe zone" threshold.
Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.

Revenue annual, last 8 years

Latest year +6.43% YoY

Margins

Gross margin: 46.91%
Operating margin: 31.97%
Net margin: 26.92%

Key ratios & quality

Enterprise value: 5.03T
PEG ratio: 10.00
Altman Z-Score: 12.75

PEG uses trailing P/E against the 3-year net income growth rate (3.92%/yr) since forward earnings estimates aren't available here, so this is not a "forward PEG." Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.

Income statement

Line item	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	265.60B	260.17B	274.52B	365.82B	394.33B	383.29B	391.04B	416.16B
Gross profit	101.84B	98.39B	104.96B	152.84B	170.78B	169.15B	180.68B	195.20B
Selling & admin expenses	16.71B	18.25B	19.92B	21.97B	25.09B	24.93B	26.10B	27.60B
Research & development	14.24B	16.22B	18.75B	21.91B	26.25B	29.92B	31.37B	34.55B
Operating profit	70.90B	63.93B	66.29B	108.95B	119.44B	114.30B	123.22B	133.05B
Pretax profit	72.90B	65.74B	67.09B	109.21B	119.10B	113.74B	123.49B	132.73B
Tax	13.37B	10.48B	9.68B	14.53B	19.30B	16.74B	29.75B	20.72B
Net profit	59.53B	55.26B	57.41B	94.68B	99.80B	97.00B	93.74B	112.01B
Basic EPS	3	3	3	6	6	6	6	7
Diluted EPS	2.98	2.97	3.28	5.61	6.11	6.13	6.08	7.46

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
Revenue	95.36B	94.04B	102.47B	143.76B	111.18B	109.42B
Gross profit	44.87B	43.72B	48.34B	69.23B	54.78B	54.77B
Selling & admin expenses	6.73B	6.65B	7.05B	7.49B	7.48B	7.35B
Research & development	8.55B	8.87B	8.87B	10.89B	11.42B	11.73B
Operating profit	29.59B	28.20B	32.43B	50.85B	35.89B	35.70B
Pretax profit	29.31B	28.03B	32.80B	51.00B	35.83B	36.27B
Tax	4.53B	4.60B	5.34B	8.91B	6.26B	6.48B
Net profit	24.78B	23.43B	27.47B	42.10B	29.58B	29.79B
Basic EPS	2	2	2	3	2	2
Diluted EPS	1.65	1.57	1.85	2.84	2.01	2.02

Balance sheet

Line item	2018	2019	2020	2021	2022	2023	2024	2025
Total current assets	131.34B	162.82B	143.71B	134.84B	135.41B	143.57B	152.99B	147.96B
Cash & ST investments	66.30B	100.56B	90.94B	62.64B	48.30B	61.56B	65.17B	54.70B
Inventory	3.96B	4.11B	4.06B	6.58B	4.95B	6.33B	7.29B	5.72B
Total assets	365.73B	338.52B	323.89B	351.00B	352.76B	352.58B	364.98B	359.24B
Total current liabilities	115.93B	105.72B	105.39B	125.48B	153.98B	145.31B	176.39B	165.63B
Short-term debt	20.75B	16.24B	15.23B	17.14B	22.77B	15.81B	20.88B	20.33B
Long-term debt	93.74B	91.81B	98.67B	109.11B	98.96B	95.28B	85.75B	78.33B
Total liabilities	258,578,000,000.00	248,028,000,000.00	258,549,000,000.00	287,912,000,000.00	302,083,000,000.00	290,437,000,000.00	308,030,000,000.00	285,508,000,000.00
Total equity	107.15B	90.49B	65.34B	63.09B	50.67B	62.15B	56.95B	73.73B
Retained earnings	70.40B	45.90B	14.97B	5.56B	-3.07B	-214.00M	-19.15B	-14.26B

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
Total current assets	118.67B	122.49B	147.96B	158.10B	144.11B	149.82B
Cash & ST investments	48.50B	55.37B	54.70B	66.91B	68.51B	62.40B
Inventory	6.27B	5.93B	5.72B	5.88B	6.75B	11.09B
Total assets	331.23B	331.50B	359.24B	379.30B	371.08B	383.27B
Total current liabilities	144.57B	141.12B	165.63B	162.37B	134.64B	149.33B
Short-term debt	19.62B	19.27B	20.33B	13.82B	10.31B	13.00B
Long-term debt	78.57B	82.43B	78.33B	76.69B	74.40B	71.34B
Total liabilities	264,437,000,000.00	265,665,000,000.00	285,508,000,000.00	291,107,000,000.00	264,591,000,000.00	275,746,000,000.00
Total equity	66.80B	65.83B	73.73B	88.19B	106.49B	107.52B
Retained earnings	-15.55B	-17.61B	-14.26B	-2.18B	12.36B	11.33B

Cash flow

Line item	2018	2019	2020	2021	2022	2023	2024	2025
Operating cash flow	77.43B	69.39B	80.67B	104.04B	122.15B	110.54B	118.25B	111.48B
Depreciation & amortization	10.90B	12.55B	11.06B	11.28B	11.10B	11.52B	11.45B	11.70B
Free cash flow	64.12B	58.90B	73.37B	92.95B	111.44B	99.58B	108.81B	98.77B
Dividends paid	-13.71B	-14.12B	-14.08B	-14.47B	-14.84B	-15.03B	-15.23B	-15.42B
Stock buybacks / issuance	-72.07B	-66.12B	-72.36B	-85.97B	-89.40B	-77.55B	-94.95B	-90.71B
Ending cash balance	25.91B	50.22B	39.79B	35.93B	24.98B	30.74B	29.94B	35.93B

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
Operating cash flow	23.95B	27.87B	29.73B	53.93B	28.70B	34.37B
Depreciation & amortization	2.66B	2.83B	3.13B	3.21B	3.44B	3.32B
Free cash flow	20.88B	24.41B	26.49B	51.55B	26.73B	31.91B
Dividends paid	-3.76B	-3.95B	-3.86B	-3.92B	-3.82B	-4.04B
Stock buybacks / issuance	-25.90B	-21.08B	-20.13B	-24.70B	-12.29B	-25.11B
Ending cash balance	28.16B	36.27B	35.93B	45.32B	45.57B	39.54B

Returns & efficiency

Line item	2018	2019	2020	2021	2022	2023	2024	2025
ROE %	49.36	55.92	73.69	147.44	175.46	171.95	157.41	171.42
ROA %	16.07	15.69	17.33	28.06	28.36	27.50	26.13	30.93
ROIC %	24.41	25.75	29.34	48.81	52.20	52.62	53.62	66.68
5-year avg ROE %	40.60	45.06	50.55	72.66	100.37	124.89	145.19	164.74
EBIT margin %	28.67	26.64	25.49	30.58	30.95	30.70	31.51	31.97
FCF / sales %	24.14	22.64	26.73	25.41	28.26	25.98	27.83	23.73
Current ratio	1.13	1.54	1.36	1.07	0.88	0.99	0.87	0.89
Quick ratio	0.99	1.38	1.22	0.91	0.71	0.84	0.75	0.77
Debt / assets	31.30	31.92	37.75	38.89	37.56	31.51	29.22	27.46
LT debt / equity	87.48	101.46	163.84	189.22	216.50	153.32	150.57	106.23
Interest coverage	23.50	19.38	24.35	42.29	41.64	29.92	--	--
Revenue CAGR (3Y) %	4.35	6.46	6.19	11.26	14.87	11.77	2.25	1.81
Net income CAGR (3Y) %	3.69	6.54	5.89	16.73	21.78	19.10	-0.33	3.92
FCF CAGR (3Y) %	-2.78	3.26	12.32	13.18	23.69	10.72	5.39	-3.95

Line item	2025-03	2025-06	2025-09	2025-12	2026-03	2026-06
ROE %	138.02	149.81	171.42	152.02	141.47	148.75
ROA %	29.10	29.94	30.93	32.56	34.91	36.08
ROIC %	56.60	59.18	66.68	68.82	68.83	71.75
5-year avg ROE %	--	--	--	--	--	--
EBIT margin %	31.81	31.87	31.97	32.38	32.64	33.17
FCF / sales %	24.60	23.54	23.73	28.31	28.61	29.28
Current ratio	0.82	0.87	0.89	0.97	1.07	1.00
Quick ratio	0.68	0.72	0.77	0.85	0.91	0.81
Debt / assets	29.64	30.68	27.46	23.86	22.83	22.01
LT debt / equity	117.62	125.22	106.23	86.95	69.87	66.35
Interest coverage	--	--	--	--	--	--
Revenue CAGR (3Y) %	--	--	--	--	--	--
Net income CAGR (3Y) %	--	--	--	--	--	--
FCF CAGR (3Y) %	--	--	--	--	--	--

✦ Quant Revenue Concentration how this is computed

Lead segment, long tail

iPhone ® is the largest reported line at 49.58% of revenue, across 5 reported segments.
Services follows at 28.09%, so the top line still matters most but isn’t the whole story.

Revenue breakdown most recent period

Business

iPhone ®49.58%

Services28.09%

Mac ®9.46%

Wearables, Home and Accessories7.20%

iPad ®5.66%

Quote time 2026-10-20 10:50:15 · For reference only, not investment advice and not tailored to your situation.

Apple discussion 1 comments

porchlight_99 says:

September 11, 2026 at 7:05 pm

iPhone upgrade cycle feels softer than people online are saying tbh. services revenue is doing all the heavy lifting for this stock at this point imo.

Reply