Apple Inc.

Information Technology Technology Hardware, Storage & Peripherals Cupertino, California Last filing Oct 31, 2025 · FY2025

                    Revenue
                    FY2025
                
$416.2B
                    3y CAGR +1.8%
                    
                    P32
                    
                    n/a
                    
                    Net income
                    FY2025
                
$112.0B
                    Net margin +26.9%
                    
                    P79
                    
                    n/a
                    
                    Total assets
                    FY2025
                
$359.2B
                    ROA +31.2%
                    
                    P95
                    
                    n/a
                    
                    Operating cash flow
                    FY2025
                
$111.5B
                    FCF margin +23.7%
                    
                    P59
                    
                    n/a

20 yrs · FY2006–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

31 accounts · 1 year

Total assets $359.2B

Total liabilities $285.5B

Shareholders equity $73.7B

Account	2025	Trend
Assets
Cash and Cash Equivalents	10.0%
Short Term Investments	0.0%
Accounts Receivable	11.1%
Inventory	1.6%
Prepaid Expenses	4.1%
Other Current Assets	4.1%
Total Current Assets	41.2%
Property,Plant and Equipment	13.9%
Goodwill	0.0%
Intangible Assets	0.0%
Long Term Investments	0.0%
Other Noncurrent Assets	23.3%
Total Assets	100.0%
Liabilities
Accounts Payable	19.4%
Accrued Liabilities	0.0%
Deferred Revenue	2.5%
Current Portion of Long Term Debt	3.4%
Other Current Liabilities	18.5%
Total Current Liabilities	46.1%
Long Term Debt	21.8%
Deferred Revenue Noncurrent	2.5%
Deferred Tax Liabilities	0.0%
Other Noncurrent Liabilities	11.6%
Total Liabilities	79.5%
Equity
Preferred Stock	0.0%
Common Stock	26.0%
Additional Paid In Capital	0.0%
Retained Earnings	-4.0%
Accumulated Other Comprehensive Income	-1.6%
Total Stockholders Equity	20.5%
Total Liabilitiesand Equity	100.0%

Income Statement

Revenue, expense, and profitability

17 accounts · 1 year

Revenue $416.2B

Operating income $133.1B

Net income $112.0B

Account	2025	Trend
IncomeStatement
Revenues Total Revenue	115.8%
Expenses Cost of Revenue	61.5%
Expenses Research and Development	9.6%
Expenses Selling,General and Administrative	7.7%
Expenses Depreciation and Amortization	3.3%
Expenses Share Based Compensation	3.6%
Expenses Operating Expenses	17.3%
Other Income Expense Gross Profit	54.3%
Other Income Expense Operating Income	37.0%
Other Income Expense Income Before Tax	36.9%
Income Tax Income Tax Expense	5.8%
net Income net Income	31.2%
net Income Comprehensive Income	31.6%
Earnings Per Share Basic Eps	0.0%
Earnings Per Share Diluted Eps	0.0%
Earnings Per Share Weighted Average Shares Basic	4.2%
Earnings Per Share Weighted Average Shares Diluted	4.2%

Cash Flow Statement

Operating, investing, and financing flows

22 accounts · 1 year

Operating cash flow $111.5B

Investing cash flow $15.2B

Financing cash flow $-120.7B

Account	2025	Trend
CashFlow
Operating Activities net Income	31.2%
Operating Activities Depreciation and Amortization	3.3%
Operating Activities Stock Based Compensation	3.6%
Operating Activities Changes In Operating Assets and Liabilities	1.7%
Operating Activities Other Non Cash Items	-3.1%
Operating Activities net Cash From Operating Activities	31.0%
Investing Activities Capital Expenditures	3.5%
Investing Activities Purchases of Investments	6.8%
Investing Activities Proceeds From Sale of Investments	11.4%
Investing Activities Other Investing Activities	0.4%
Investing Activities net Cash From Investing Activities	4.2%
Financing Activities Proceeds From Debt	1.2%
Financing Activities Repayment of Debt	3.0%
Financing Activities Repurchase of Common Stock	25.3%
Financing Activities Dividends Paid	4.3%
Financing Activities Tax Withholding On Stock Based Compensation	1.7%
Financing Activities Other Financing Activities	-0.0%
Financing Activities net Cash From Financing Activities	-33.6%
Cash Reconciliation Effect of Exchange Rate On Cash	10.0%
Cash Reconciliation net Change In Cash	1.7%
Cash Reconciliation Cash At Beginning of Period	10.0%
Cash Reconciliation Cash At End of Period	10.0%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 1 year

Ratio	2025
Profitability
Gross margin	+46.9%
Operating margin	+32.0%
Net margin	+26.9%
FCF margin	+23.7%
Growth
Revenue CAGR (3y)	+1.8%
Returns
ROE	+151.9%
ROA	+31.2%
ROIC	+87.4%
Liquidity
Current ratio	0.89x
Quick ratio	0.46x
Leverage
D/E	3.87x
Interest coverage	—
Efficiency
Asset turnover	1.16x
Cash conversion cycle	-71d

Valuation

Price against fundamentals

AAPL $270 · 2026-04-17 · 151d old · FY2025

Market cap $4.1T

P/E 36.20x

P/S 9.74x

P/B 54.99x

EV $4.1T

EV/EBITDA 28.39x

FCF yield +2.4%

Dividend yield +0.4%

Notes

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