Apple
AAPL Nasdaq· Technology Hardware, Storage & Peripherals
Last close · Oct 27, 2026
$347.10
KIRA · Stoqly’s AI analyst, in plain words
- Apple had $416.2B of revenue in fiscal 2025, up 6.4% on the year before. Over five years, revenue changed +8.7% a year on average.
- Its operating margin was 32.0%, up 0.5 pts: of every 100 in sales, about 32 is left after running the business.
- Apple made $112.0B of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 15.2% a year.
- Free cash flow was $98.8B in fiscal 2025, 23.7% of revenue.
- Apple returned $106.1B to shareholders in fiscal 2025, 107% of free cash flow. The diluted share count fell 2.6%.
- Apple owes $45.2B more than it holds in cash, about 0.3 years of operating profit.
Market cap
$5.11T
P/E
39.9x
Revenue
$416.2B
Net income
$112.0B
Free cash flow
$98.8B
Operating margin
32.0%
Apple in 30 seconds · fiscal 2025
Are sales growing?
+6.4%
Yes. Sales grew 6.4% last year.
Does it make a profit?
26.9%
Yes. It keeps 26.9% of every sale as profit.
Does profit turn into cash?
23.7%
Yes. 23.7% of sales ends up as free cash.
Is debt under control?
0.3x
Yes. It could repay its debt with 0.3 years of operating profit.
How healthy are the accounts?
8 / 9
Solid. It passes 8 of 9 health tests.
How is the share priced?
39.9x
One share costs 39.9 times its yearly profit per share. Typical for its sector: 33.0x.
What Apple does
Apple designs and sells the iPhone, Mac computers, iPad tablets, and wearable and home devices such as Apple Watch, AirPods, the Vision Pro headset, Apple TV and HomePod speakers. Each runs Apple's own operating system. It also sells services: the App Store, subscriptions such as Apple Music, Apple TV, Apple Arcade and Apple Fitness+, iCloud storage, AppleCare repair and support plans, advertising, and payment services including Apple Pay and Apple Card. Its customers are consumers, businesses of all sizes, schools and governments around the world. The iPhone brings in the largest share of sales, and services are the second-largest line. Apple organizes its business by region, with five segments: the Americas, Europe (which also includes India, the Middle East and Africa), Greater China, Japan and the rest of Asia Pacific.
Biggest risks, in its own words
- Its reliance on outside manufacturers and logistics partners, many of them located outside the United States.
- Some parts come from one or a few suppliers, and it may not get enough of them on reasonable terms.
- Rivals that cut prices and copy its features, and the need to launch new products successfully and often.
- Trade disputes, tariffs and political tension that disrupt its supply chain or its sales in key regions.
- Fiscal year ends
- September 27, 2025
- Latest annual report
- 10-K · Oct 31, 2025
- Legal name
- Apple Inc.
- CIK
- 0000320193
Apple · AAPL
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $365.8B | $394.3B | $383.3B | $391.0B | $416.2B |
| Revenue growth | 33.3% | 7.8% | −2.8% | 2.0% | 6.4% |
| Gross margin | 41.8% | 43.3% | 44.1% | 46.2% | 46.9% |
| Operating margin | 29.8% | 30.3% | 29.8% | 31.5% | 32.0% |
| Net income | $94.7B | $99.8B | $97.0B | $93.7B | $112.0B |
| Net margin | 25.9% | 25.3% | 25.3% | 24.0% | 26.9% |
| Diluted EPS | $5.61 | $6.11 | $6.13 | $6.08 | $7.46 |
| Cash | |||||
| Cash from operations | $104.0B | $122.2B | $110.5B | $118.3B | $111.5B |
| Capital expenditure | $11.1B | $10.7B | $11.0B | $9.4B | $12.7B |
| Free cash flow | $93.0B | $111.4B | $99.6B | $108.8B | $98.8B |
| FCF margin | 25.4% | 28.3% | 26.0% | 27.8% | 23.7% |
| Dividends paid | $14.5B | $14.8B | $15.0B | $15.2B | $15.4B |
| Share buybacks | $86.0B | $89.4B | $77.6B | $94.9B | $90.7B |
| Share count change | −3.8% | −3.2% | −3.1% | −2.6% | −2.6% |
| Debt and strength | |||||
| Cash and short-term investments | $62.6B | $48.3B | $61.6B | $65.2B | $54.7B |
| Debt incl. finance leases | $125.6B | $121.0B | $112.1B | $107.5B | $99.9B |
| Shareholders' equity | $63.1B | $50.7B | $62.1B | $57.0B | $73.7B |
| Net debt / EBITDA | 0.5x | 0.6x | 0.4x | 0.3x | 0.3x |
| Current ratio | 1.1x | 0.9x | 1.0x | 0.9x | 0.9x |
| Interest coverage | 41.2x | 40.8x | 29.1x | — | — |
| Returns and quality | |||||
| Return on capital | 88.5% | 80.3% | 82.6% | 88.2% | 102.9% |
| Return on equity | 147.4% | 175.5% | 172.0% | 157.4% | 171.4% |
| Piotroski F-score | 7 | 6 | 7 | 7 | 8 |
| Altman Z'' | 2.5 | 2.1 | 2.4 | 1.9 | 2.3 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$208M
8 insiders
Of sales under plans
58%
$120M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Apple · AAPL
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Apple AAPL | $5.11T | 6.4% | 32.0% | 23.7% | 102.9% | 39.9x | 8 |
| Microsoft MSFT | $3.96T | 17.8% | 46.8% | 20.2% | 30.9% | — | 6 |
| Alphabet GOOGL | $3.95T | 15.1% | 32.0% | 18.2% | 36.7% | 16.1x | 8 |
| Amazon AMZN | $2.76T | 12.4% | 11.2% | 1.1% | 20.6% | 20.4x | 6 |
| Meta Platforms META | $1.60T | 22.2% | 41.4% | 22.9% | 35.5% | 21.2x | 6 |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $347.10 a share, the company is worth $5.11T: 39.9 times its earnings of the last four quarters.
Apple grew sales faster than 0 of its 4 similar companies. Its P/E is higher than 3 of 3.
Source: SEC EDGAR XBRL filings (CIK 0000320193). Data updated October 9, 2026. For information only — not investment advice. Check the original filings before relying on any figure.