COMPOSITE RISK SCORE
60
MODERATE
VAL:11/25 · FIN:14/25 · GRO:15/25 · TECH:20/25
📖 P/B RATIO
44.9x
Price to Book
🏛 MARKET CAP
$4.0T
Large Cap
📊 ROE
152.0%
Return on Equity
Overview
Technical
Financials
Analysis
Verdict
🏢 Company Analysis · Apple Inc.
💼 BUSINESS MODEL
Apple Inc.. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide.. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple Vision Pro, Apple TV, Apple Watch, Beats products, and HomePod, as well as Apple branded and third-party accessories.. It also provides AppleCare support and cloud services; and operates various platforms, including the App Store that allow customers to discover and download applications and digital content, such as books, music, video, games, and podcasts, as well as advertising services include third-party licensing arrangements and its own advertising platforms.. Operates in Consumer Electronics within the Technology sector. Workforce of 150,000 employees.
🏰 MOAT & COMPETITION
Mega-cap ($3,955B) — dominant market position with significant scale advantages. ROE of 152.0% indicates strong competitive advantage and efficient capital deployment. Profit margin of 27.0% suggests pricing power / cost moat.
🚀 CATALYSTS
Revenue growing at 16% — strong top-line momentum.
⚖️ ASYMMETRY CHECK
Analyst target range: $215 — $350 (mean $298, 40 analysts). Moderate asymmetry — upside +30% vs downside -20% (1.5x).P/E of 34.1x — fair value territory; catalysts needed for re-rating.
🔭 FUTURE OUTLOOK
Analyst consensus: Buy (40 analysts). Latest quarter earnings grew 16% YoY — positive trajectory.
P/E at 34x
P/B at 44.9x
Analyst target: $297.71 (+10.5%)
1Y return: +28.8%
ROE: 152.0%
Profit margin: 27.0%
Revenue growth: 15.7%
Debt/Equity: 103%
Revenue growth: 15.7%
Earnings growth: 18.3%
Beta: 1.11
Sector: Technology
RSI, MACD, MA crossovers
200 DMA & 50 EMA position
Volume trend analysis
Price momentum signals
📈 Price Movement
1D 1W 1M
6M 1Y 3Y 5Y
🕯 Candlestick Chart
1D 1W 1M
6M 1Y 3Y 5Y
🎯 Price Prediction · Analyst Target Cone
📉 Valuation Trends (at current CMP)
P/E P/B MCap/Sales EPS
50.9
45.9
40.8
35.8
30.7
2022
2023
2024
2025
2022: 44.1 2023: 44.0 2024: 44.3 2025: 36.1 36.1
89.8
78.7
67.7
56.6
45.6
2022
2023
2024
2025
2022: 78.1 2023: 63.6 2024: 69.5 2025: 53.6 53.6
11.9
10.9
10.0
9.0
8.1
2022
2023
2024
2025
2022: 10.0 2023: 10.3 2024: 10.1 2025: 9.5 9.5
8.6
7.7
6.9
6.0
5.2
2022
2023
2024
2025
2022: 6.1 2023: 6.1 2024: 6.1 2025: 7.5 7.5
💎 Valuation & Financial Metrics
P/E RATIO
34.1x
Trailing twelve months
P/B RATIO
44.9x
Price to Book value
ROE
152.0%
Return on Equity
PROFIT MARGIN
27.0%
Net profit margin
OPM
35.4%
Operating profit margin
ANALYST TARGET
$297.71
Range: $215.00 - $350.00
PEG RATIO
2.41
Price/Earnings to Growth
EV/EBITDA
25.8x
Enterprise value ratio
CURRENT RATIO
0.97
Liquidity measure
DIVIDEND YIELD
39.00%
Annual yield
GROSS MARGIN
47.3%
Gross profit margin
SECTOR BENCHMARKS — CONSUMER ELECTRONICS
P/E (fair) 35.0x (sector mid)
P/B (fair) 8.0x (sector mid)
ROE (good) 25% (sector target)
OPM (good) 25% (sector target)
D/E comfort <20 (sector)
📋 Quarterly Performance Trend
Quarter Revenue QoQ % Net Profit QoQ % Op. Cash Flow EBITDA Margin
Q4 '24
$124.3B —
$36.3B —
$29.9B
36.9%
Q1 '25
$95.4B -23.3%
$24.8B -31.8%
$24.0B
33.8%
Q2 '25
$94.0B -1.4%
$23.4B -5.4%
$27.9B
33.0%
Q3 '25
$102.5B +9.0%
$27.5B +17.2%
$29.7B
34.7%
Q4 '25
$143.8B +40.3%
$42.1B +53.3%
$53.9B
37.6%
📊 Year-on-Year Trend
FY Revenue YoY % Net Profit YoY % Op. Cash Flow YoY %
2021
N/A —
N/A —
N/A —
2022
$394.3B —
$99.8B —
$122.2B —
2023
$383.3B -2.8%
$97.0B -2.8%
$110.5B -9.5%
2024
$391.0B +2.0%
$93.7B -3.4%
$118.3B +7.0%
2025
$416.2B +6.4%
$112.0B +19.5%
$111.5B -5.7%
📈 Revenue vs Earnings
Quarterly
Annual
💰 How Apple Inc. Makes Its Money
Quarterly
Annual
Revenue
$143.8B
Cost of Revenue
$74.5B
Gross Profit
$69.2B
R&D
$10.9B
SG&A
$7.5B
Operating Inc.
$50.9B
Tax
$8.9B
Net Income
$42.1B
(29.3% margin)
Dec 2025 · All values in $ Millions
Revenue
$102.5B
Cost of Revenue
$54.1B
Gross Profit
$48.3B
R&D
$8.9B
SG&A
$7.0B
Operating Inc.
$32.4B
Tax
$5.3B
Net Income
$27.5B
(26.8% margin)
Sep 2025 · All values in $ Millions
Revenue
$94.0B
Cost of Revenue
$50.3B
Gross Profit
$43.7B
R&D
$8.9B
SG&A
$6.7B
Operating Inc.
$28.2B
Tax
$4.6B
Net Income
$23.4B
(24.9% margin)
Jun 2025 · All values in $ Millions
Revenue
$95.4B
Cost of Revenue
$50.5B
Gross Profit
$44.9B
R&D
$8.6B
SG&A
$6.7B
Operating Inc.
$29.6B
Tax
$4.5B
Net Income
$24.8B
(26.0% margin)
Mar 2025 · All values in $ Millions
Revenue
$416.2B
Cost of Revenue
$221.0B
Gross Profit
$195.2B
R&D
$34.5B
SG&A
$27.6B
Operating Inc.
$133.1B
Tax
$20.7B
Net Income
$112.0B
(26.9% margin)
Sep 2025 · All values in $ Millions
Revenue
$391.0B
Cost of Revenue
$210.4B
Gross Profit
$180.7B
R&D
$31.4B
SG&A
$26.1B
Operating Inc.
$123.2B
Tax
$29.7B
Net Income
$93.7B
(24.0% margin)
Sep 2024 · All values in $ Millions
Revenue
$383.3B
Cost of Revenue
$214.1B
Gross Profit
$169.1B
R&D
$29.9B
SG&A
$24.9B
Operating Inc.
$114.3B
Tax
$16.7B
Interest
$3.9B
Net Income
$97.0B
(25.3% margin)
Sep 2023 · All values in $ Millions
Revenue
$394.3B
Cost of Revenue
$223.5B
Gross Profit
$170.8B
R&D
$26.3B
SG&A
$25.1B
Operating Inc.
$119.4B
Tax
$19.3B
Interest
$2.9B
Net Income
$99.8B
(25.3% margin)
Sep 2022 · All values in $ Millions
Dec 2025
Sep 2025
Jun 2025
Mar 2025
🏦 Snapshot of Apple Inc.'s Balance Sheet
Quarterly
Annual
Total Assets
$379.3B
Cash & Equiv.: $45.3B (11.9%)
Receivables: $39.9B (10.5%)
Inventory: $5.9B (1.5%)
Other Current: $67.0B (17.7%)
PP&E: $50.2B (13.2%)
Other Non-Curr.: $171.0B (45.1%)
Liab. + Equity
$379.3B
Current Liab.: $162.4B (42.8%)
Long-Term Debt: $76.7B (20.2%)
Other Liab.: $52.1B (13.7%)
Equity: $88.2B (23.3%)
As of Dec 2025 · All values in $ Millions
Total Assets
$359.2B
Cash & Equiv.: $35.9B (10.0%)
Receivables: $39.8B (11.1%)
Inventory: $5.7B (1.6%)
Other Current: $66.5B (18.5%)
PP&E: $49.8B (13.9%)
Other Non-Curr.: $161.4B (44.9%)
Liab. + Equity
$359.2B
Current Liab.: $165.6B (46.1%)
Long-Term Debt: $78.3B (21.8%)
Other Liab.: $41.5B (11.6%)
Equity: $73.7B (20.5%)
As of Sep 2025 · All values in $ Millions
Total Assets
$331.5B
Cash & Equiv.: $36.3B (10.9%)
Receivables: $27.6B (8.3%)
Inventory: $5.9B (1.8%)
Other Current: $52.7B (15.9%)
PP&E: $48.5B (14.6%)
Other Non-Curr.: $160.5B (48.4%)
Liab. + Equity
$331.5B
Current Liab.: $141.1B (42.6%)
Long-Term Debt: $82.4B (24.9%)
Other Liab.: $42.1B (12.7%)
Equity: $65.8B (19.9%)
As of Jun 2025 · All values in $ Millions
Total Assets
$331.2B
Cash & Equiv.: $28.2B (8.5%)
Receivables: $26.1B (7.9%)
Inventory: $6.3B (1.9%)
Other Current: $58.1B (17.5%)
PP&E: $46.9B (14.2%)
Other Non-Curr.: $165.7B (50.0%)
Liab. + Equity
$331.2B
Current Liab.: $144.6B (43.6%)
Long-Term Debt: $78.6B (23.7%)
Other Liab.: $41.3B (12.5%)
Equity: $66.8B (20.2%)
As of Mar 2025 · All values in $ Millions
Total Assets
$359.2B
Cash & Equiv.: $35.9B (10.0%)
Receivables: $39.8B (11.1%)
Inventory: $5.7B (1.6%)
Other Current: $66.5B (18.5%)
PP&E: $49.8B (13.9%)
Other Non-Curr.: $161.4B (44.9%)
Liab. + Equity
$359.2B
Current Liab.: $165.6B (46.1%)
Long-Term Debt: $78.3B (21.8%)
Other Liab.: $41.5B (11.6%)
Equity: $73.7B (20.5%)
As of Sep 2025 · All values in $ Millions
Total Assets
$365.0B
Cash & Equiv.: $29.9B (8.2%)
Receivables: $33.4B (9.2%)
Inventory: $7.3B (2.0%)
Other Current: $82.3B (22.6%)
PP&E: $45.7B (12.5%)
Other Non-Curr.: $166.3B (45.6%)
Liab. + Equity
$365.0B
Current Liab.: $176.4B (48.3%)
Long-Term Debt: $85.8B (23.5%)
Other Liab.: $45.9B (12.6%)
Equity: $57.0B (15.6%)
As of Sep 2024 · All values in $ Millions
Total Assets
$352.6B
Cash & Equiv.: $30.0B (8.5%)
Receivables: $29.5B (8.4%)
Inventory: $6.3B (1.8%)
Other Current: $77.8B (22.1%)
PP&E: $43.7B (12.4%)
Other Non-Curr.: $165.3B (46.9%)
Liab. + Equity
$352.6B
Current Liab.: $145.3B (41.2%)
Long-Term Debt: $95.3B (27.0%)
Other Liab.: $49.8B (14.1%)
Equity: $62.1B (17.6%)
As of Sep 2023 · All values in $ Millions
Total Assets
$352.8B
Cash & Equiv.: $23.6B (6.7%)
Receivables: $28.2B (8.0%)
Inventory: $4.9B (1.4%)
Other Current: $78.6B (22.3%)
PP&E: $42.1B (11.9%)
Other Non-Curr.: $175.2B (49.7%)
Liab. + Equity
$352.8B
Current Liab.: $154.0B (43.7%)
Long-Term Debt: $99.0B (28.1%)
Other Liab.: $49.1B (13.9%)
Equity: $50.7B (14.4%)
As of Sep 2022 · All values in $ Millions
Dec 2025
Sep 2025
Jun 2025
Mar 2025
💸 Looking into Apple Inc.'s Cash Flow
Quarterly
Annual
Operating CF
$53.9B
Capital Exp.
$2.4B
Free Cash Flow
$51.6B
Dividends
$3.9B
Buybacks
$24.7B
Debt Repaid
$2.2B
Retained / Other
$20.8B
FY2025 · All values in $ Millions
Operating CF
$29.7B
Capital Exp.
$3.2B
Free Cash Flow
$26.5B
Dividends
$3.9B
Buybacks
$20.1B
Debt Repaid
$1.2B
Retained / Other
$1.2B
FY2025 · All values in $ Millions
Operating CF
$27.9B
Capital Exp.
$3.5B
Free Cash Flow
$24.4B
Dividends
$3.9B
Buybacks
$21.1B
Debt Repaid
$5.7B
FY2025 · All values in $ Millions
Operating CF
$24.0B
Capital Exp.
$3.1B
Free Cash Flow
$20.9B
Dividends
$3.8B
Buybacks
$25.9B
Debt Repaid
$3.0B
FY2025 · All values in $ Millions
Operating CF
$111.5B
Capital Exp.
$12.7B
Free Cash Flow
$98.8B
Dividends
$15.4B
Buybacks
$90.7B
Debt Repaid
$10.9B
FY2025 · All values in $ Millions
Operating CF
$118.3B
Capital Exp.
$9.4B
Free Cash Flow
$108.8B
Dividends
$15.2B
Buybacks
$94.9B
Debt Repaid
$10.0B
FY2024 · All values in $ Millions
Operating CF
$110.5B
Capital Exp.
$11.0B
Free Cash Flow
$99.6B
Dividends
$15.0B
Buybacks
$77.5B
Debt Repaid
$11.2B
FY2023 · All values in $ Millions
Operating CF
$122.2B
Capital Exp.
$10.7B
Free Cash Flow
$111.4B
Dividends
$14.8B
Buybacks
$89.4B
Debt Repaid
$9.5B
FY2022 · All values in $ Millions
FY2025
FY2025
FY2025
FY2025
🎯 EPS: Estimate vs Actual
Estimates
Quarterly
Annual
📅 Quarterly Results
Item Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Total Revenue $143.76B $102.47B $94.04B $95.36B $124.30B Cost of Revenue $74.53B $54.12B $50.32B $50.49B $66.03B Gross Profit $69.23B $48.34B $43.72B $44.87B $58.27B Operating Expense $18.38B $15.91B $15.52B $15.28B $15.44B Operating Income $50.85B $32.43B $28.20B $29.59B $42.83B Pretax Income $51.00B $32.80B $28.03B $29.31B $42.58B Tax Provision $8.90B $5.34B $4.60B $4.53B $6.25B Net Income $42.10B $27.47B $23.43B $24.78B $36.33B EBITDA $54.07B $35.55B $31.03B $32.25B $45.91B EPS (Basic) $2.85 $1.85 $1.57 $1.65 $2.41 EPS (Diluted) $2.84 $1.85 $1.57 $1.65 $2.40 Shares Outstanding 14.81B 14.86B 14.95B 15.06B 15.15B
📊 Profit & Loss Statement
Item Sep '25 Sep '24 Sep '23 Sep '22 Sep '21 Total Revenue $416.16B $391.04B $383.29B $394.33B — Cost of Revenue $220.96B $210.35B $214.14B $223.55B — Gross Profit $195.20B $180.68B $169.15B $170.78B — Operating Expense $62.15B $57.47B $54.85B $51.34B — Operating Income $133.05B $123.22B $114.30B $119.44B — Interest Expense — — $3.93B $2.93B $2.65B Pretax Income $132.73B $123.48B $113.74B $119.10B — Tax Provision $20.72B $29.75B $16.74B $19.30B — Net Income $112.01B $93.74B $97.00B $99.80B — EBITDA $144.75B $134.66B $125.82B $130.54B — EPS (Basic) $7.49 $6.11 $6.16 $6.15 — EPS (Diluted) $7.46 $6.08 $6.13 $6.11 — Shares Outstanding 15.00B 15.41B 15.81B 16.33B —
🏦 Balance Sheet
Item Sep '25 Sep '24 Sep '23 Sep '22 Sep '21 Total Assets $359.24B $364.98B $352.58B $352.75B — Current Assets $147.96B $152.99B $143.57B $135.41B — Cash & Equivalents $35.93B $29.94B $29.96B $23.65B — Accounts Receivable $39.78B $33.41B $29.51B $28.18B — Inventory $5.72B $7.29B $6.33B $4.95B — Non-Current Assets $211.28B $211.99B $209.02B $217.35B — Property Plant & Equip $49.83B $45.68B $43.72B $42.12B — Total Liabilities $285.51B $308.03B $290.44B $302.08B — Current Liabilities $165.63B $176.39B $145.31B $153.98B — Accounts Payable $69.86B $68.96B $62.61B $64.11B — Short-Term Debt $20.33B $20.88B $15.81B $21.11B — Long-Term Debt $78.33B $85.75B $95.28B $98.96B — Total Equity $73.73B $56.95B $62.15B $50.67B — Retained Earnings $-14.26B $-19.15B $-214.0M $-3.07B — Book Value/Share 73.73B 56.95B 62.15B 50.67B —
💰 Cash Flow Statement
Item Sep '25 Sep '24 Sep '23 Sep '22 Sep '21 Operating Cash Flow $111.48B $118.25B $110.54B $122.15B — Depreciation & Amort. $11.70B $11.45B $11.52B $11.10B — Change in Working Cap $-25.00B $3.65B $-6.58B $1.20B — Capital Expenditure $-12.71B $-9.45B $-10.96B $-10.71B — Free Cash Flow $98.77B $108.81B $99.58B $111.44B — Investing Cash Flow $15.20B $2.94B $3.71B $-22.35B — Acquisitions — — — $-306.0M $-33.0M Financing Cash Flow $-120.69B $-121.98B $-108.49B $-110.75B — Debt Issued $4.48B $0 $5.23B $5.46B — Debt Repaid $-10.93B $-9.96B $-11.15B $-9.54B — Dividends Paid $-15.42B $-15.23B $-15.03B $-14.84B — Share Buyback $-90.71B $-94.95B $-77.55B $-89.40B — Net Change in Cash $5.99B $-794.0M $5.76B $-10.95B —
📈 Key Financial Ratios
Ratio FY2025 FY2024 FY2023 FY2022 FY2021 Gross Margin % 46.9% 46.2% 44.1% 43.3% — Operating Margin % 32.0% 31.5% 29.8% 30.3% — Net Margin % 26.9% 24.0% 25.3% 25.3% — EBITDA Margin % 34.8% 34.4% 32.8% 33.1% — ROE % 151.9% 164.6% 156.1% 197.0% — ROA % 31.2% 25.7% 27.5% 28.3% — Debt/Equity % 133.8% 187.2% 178.8% 261.4% — Current Ratio 0.89 0.87 0.99 0.88 — FCF Margin % 23.7% 27.8% 26.0% 28.3% — Asset Turnover 1.16 1.07 1.09 1.12 —
🚀 Compounded Growth Rates
Revenue
1-Year +6.4% 3-Year CAGR +4.2%
Net Profit
1-Year +19.5% 3-Year CAGR +7.5%
EPS
1-Year +22.7% 3-Year CAGR +10.3%
🏭 Industry Peers — Consumer Electronics
Ticker Company Price P/E P/B MCap ROE Margin Rev Growth MSFT Microsoft Corporation $428.21 26.8 8.1 $3,182.7B 34.4% 39.0% 16.7% GOOGL Alphabet Inc. $349.21 32.2 10.2 $4,224.5B 35.7% 32.8% 18.0% META Meta Platforms, Inc. $669.32 28.5 7.8 $1,698.9B 30.2% 30.1% 23.8% NVDA NVIDIA Corporation $210.60 43.0 32.5 $5,118.9B 101.5% 55.6% 73.2% ORCL Oracle Corporation $166.91 30.0 14.3 $480.0B 57.6% 25.3% 21.7% CRM Salesforce, Inc. $182.30 23.4 2.9 $149.1B 12.4% 18.0% 12.1% ADBE Adobe Inc. $243.92 14.2 8.7 $98.6B 58.8% 29.5% 12.0% INTC Intel Corporation $82.49 56.0 3.6 $414.6B -2.9% -5.9% 7.2%
Peers selected from Technology sector · Data from Yahoo Finance
🏛 Shareholding Pattern
TOP HOLDERS
Holder Type Shares % Held Vanguard Group Inc Inst 1,426,283,914 9.72% Blackrock Inc. Inst 1,154,665,731 7.86% State Street Corporation Inst 604,056,505 4.11% Geode Capital Management, LLC Inst 358,032,517 2.44% FMR, LLC Inst 307,397,264 2.09% VANGUARD INDEX FUNDS-Vanguard Total MF 464,375,258 3.16% VANGUARD INDEX FUNDS-Vanguard 500 I MF 372,615,534 2.54% Fidelity Concord Street Trust-Fidel MF 188,047,640 1.28%
🟢 CATALYSTS
🏆 Positive Revenue Growth: Revenue growing at 15.7% YoY.
💹 High ROE (152.0%): Above sector norm of 25% — efficient capital use.
🔀 Healthy Margins (27.0%): Above sector norm of 25%.
🇺 Analyst Upside (11%): Mean target of $297.71 above current price.
🇸 Earnings Growth (18%): Above sector norm — strong profit expansion.
🔴 RISKS
📜 High P/B (44.9x): Well above sector expensive threshold of 15x.
💰 High Debt/Equity (103%): Above sector threshold of 60% — leverage risk.
🔓 Market Risk: Broader market correction or sentiment shift could impact stock.
🕸 Factor Analysis · Radar
Momentum 7/10: 1M +9.2%, 6M +0.3%, RSI 57, MACD bullish, Above 200DMA Sentiment 7/10: Analyst upside +10.5%, Rec: buy Value 2/10: P/E 34.1, P/B 44.9, PEG 2.41, EV/EBITDA 25.8 Quality 7/10: ROE 152.0%, Margin 27.0%, D/E 103, CR 0.97 Low Volatility 6/10: Beta 1.11, Ann. vol 23% Momentum
7
Sentiment
7
Value
2
Quality
7
Low Vol
6
Momentum 7/10 1M +9.2%, 6M +0.3%, RSI 57, MACD bullish, Above 200DMA
Sentiment 7/10 Analyst upside +10.5%, Rec: buy
Value 2/10 P/E 34.1, P/B 44.9, PEG 2.41, EV/EBITDA 25.8
Quality 7/10 ROE 152.0%, Margin 27.0%, D/E 103, CR 0.97
Low Volatility 6/10 Beta 1.11, Ann. vol 23%
🎯 Decision Matrix — Game Theory
Action If Stock Rises If Stock Falls
BUY Capture 10.5% analyst upside OPM of 35% provides margin buffer HOLD Retain existing position; wait for better entry Miss further upside if momentum continues; 1M return of +9.2% shows momentum SELL Lock in +28.8% 1Y return Avoid further drawdown
REASONS TO BUY
Analyst upside of 10.5% with mean target of $297.71
ROE of 152.0% above sector norm of 25%
Revenue growing at 15.7% YoY (sector norm: 12%)
Operating margin of 35% shows pricing power (sector norm: 25%)
REASONS TO SELL / AVOID
Debt/Equity at 103% exceeds sector comfort zone
Apple Inc. trades at $269.42 with a composite risk score of 60/100.
The stock scores 11/25 on valuation, 14/25 on financial health, 15/25 on growth, and 20/25 on technicals.
The company is currently profitable with strong return on equity.
Bottom Line: Positive for Technology but monitor closely. The current recommendation is SPECULATIVE BUY .
PROFITABLE
HIGH ROE
UPSIDE POTENTIAL
HIGH DEBT