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 revenue.

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	8.6%
Short Term Investments	0.0%
Accounts Receivable	9.6%
Inventory	1.4%
Prepaid Expenses	3.5%
Other Current Assets	3.5%
Total Current Assets	35.6%
Property,Plant and Equipment	12.0%
Goodwill	0.0%
Intangible Assets	0.0%
Long Term Investments	0.0%
Other Noncurrent Assets	20.1%
Total Assets	86.3%
Liabilities
Accounts Payable	16.8%
Accrued Liabilities	0.0%
Deferred Revenue	2.2%
Current Portion of Long Term Debt	3.0%
Other Current Liabilities	16.0%
Total Current Liabilities	39.8%
Long Term Debt	18.8%
Deferred Revenue Noncurrent	2.2%
Deferred Tax Liabilities	0.0%
Other Noncurrent Liabilities	10.0%
Total Liabilities	68.6%
Equity
Preferred Stock	0.0%
Common Stock	22.5%
Additional Paid In Capital	0.0%
Retained Earnings	-3.4%
Accumulated Other Comprehensive Income	-1.3%
Total Stockholders Equity	17.7%
Total Liabilitiesand Equity	86.3%

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	100.0%
Expenses Cost of Revenue	53.1%
Expenses Research and Development	8.3%
Expenses Selling,General and Administrative	6.6%
Expenses Depreciation and Amortization	2.8%
Expenses Share Based Compensation	3.1%
Expenses Operating Expenses	14.9%
Other Income Expense Gross Profit	46.9%
Other Income Expense Operating Income	32.0%
Other Income Expense Income Before Tax	31.9%
Income Tax Income Tax Expense	5.0%
net Income net Income	26.9%
net Income Comprehensive Income	27.3%
Earnings Per Share Basic Eps	0.0%
Earnings Per Share Diluted Eps	0.0%
Earnings Per Share Weighted Average Shares Basic	3.6%
Earnings Per Share Weighted Average Shares Diluted	3.6%

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	26.9%
Operating Activities Depreciation and Amortization	2.8%
Operating Activities Stock Based Compensation	3.1%
Operating Activities Changes In Operating Assets and Liabilities	1.5%
Operating Activities Other Non Cash Items	-2.7%
Operating Activities net Cash From Operating Activities	26.8%
Investing Activities Capital Expenditures	3.1%
Investing Activities Purchases of Investments	5.9%
Investing Activities Proceeds From Sale of Investments	9.8%
Investing Activities Other Investing Activities	0.4%
Investing Activities net Cash From Investing Activities	3.7%
Financing Activities Proceeds From Debt	1.1%
Financing Activities Repayment of Debt	2.6%
Financing Activities Repurchase of Common Stock	21.8%
Financing Activities Dividends Paid	3.7%
Financing Activities Tax Withholding On Stock Based Compensation	1.4%
Financing Activities Other Financing Activities	-0.0%
Financing Activities net Cash From Financing Activities	-29.0%
Cash Reconciliation Effect of Exchange Rate On Cash	8.6%
Cash Reconciliation net Change In Cash	1.4%
Cash Reconciliation Cash At Beginning of Period	8.6%
Cash Reconciliation Cash At End of Period	8.6%

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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