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The Company designs, manufactures and markets smartphones, personal computers, tablets, wearables and accessories, and sells a variety of related services. The Company s fiscal year is the 52- or 53-week period that ends on the last Saturday of September.
$315.20
+$8.89 (+2.90%)
Last close via Marketstack
Margins and capital returns are both well above average: 31.97% operating margin, ROIC at 62.04%. Consistent with durable pricing power, though that alone doesn't make it a buy.
Revenue grew 6.4%, steady but not accelerating.
At 38x earnings, the current multiple leaves limited room for execution misses or growth deceleration.
38.2x earnings, 35.9x FCF. Not cheap, the quality is already reflected in the price. Upside from here requires either margin expansion or growth re-acceleration, not just continuation.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$451.44B
▲ +6.4% YoY
Net Income (TTM)
$122.58B
▲ +19.5% YoY
Op. Margin
32.64%
▲ +0.5pp YoY
ROIC
67.60%
▲ +10.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$129.17B
▼ -9.2% YoY
Op. Cash Flow (TTM)
$140.22B
▼ -5.7% YoY
Net Debt
$16.20B
Cash & Equiv.
$68.51B
5Y CAGR: +8.7%
5Y CAGR: +6.1%
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