Apple Inc. — AAPL
| Close Price | Market Cap | P/E Ratio | Forward P/E Ratio | Implied Growth* | Implied Forward Growth* | Dividend | P/B Ratio |
|---|---|---|---|---|---|---|---|
| $268.47 | $3.97T | 36.0 | 32.3 | 17.8% | 16.5% | $1.04 0.4% | 53.8 |
Revenue & Net Income
| Date | Revenue | Net Income | EPS | Revenue Change | Net Income Change | EPS Change | |
|---|---|---|---|---|---|---|---|
| 0 | 2020-09-30 | $274.5B | $57.4B | $3.31 | N/A | N/A | N/A |
| 1 | 2021-09-30 | $365.8B | $94.7B | $5.67 | 33.3% | 64.9% | 71.3% |
| 2 | 2022-09-30 | $394.3B | $99.8B | $6.15 | 7.8% | 5.4% | 8.5% |
| 3 | 2023-09-30 | $383.3B | $97.0B | $6.16 | -2.8% | -2.8% | 0.2% |
| 4 | 2024-09-30 | $391.0B | $93.7B | $6.16 | 2.0% | -3.4% | 0.0% |
| 5 | TTM 2025-03-31 | $400.4B | $97.3B | $6.43 | 2.4% | 3.8% | 4.4% |
| 6 | Average | 8.5% | 13.6% | 16.9% |
EPS
Forecasts
Y/Y % Change
AAPL Year-over-Year Growth
| 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | Average | |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth (%) | 33.3% | 7.8% | -2.8% | 2.0% | 13.8% | 8.8% | 10.5% | |
| Revenue Analysts (#) | 0 | 0 | 0 | 0 | 0 | 6 | 6 | |
| EPS Growth (%) | 64.9% | 5.4% | -2.8% | -3.4% | 27.8% | 11.7% | 17.3% | |
| EPS Analysts (#) | 0 | 0 | 0 | 0 | 0 | 9 | 9 |
Expenses
| Year | Revenue ($) | Cost of Revenue ($) | R&D ($) | SG&A ($) | Facilities / D&A ($) |
|---|---|---|---|---|---|
| 2021 | $365.8B | $201.7B | $21.9B | $22.0B | $11.3B |
| 2022 | $394.3B | $212.4B | $26.3B | $25.1B | $11.1B |
| 2023 | $383.3B | $202.6B | $29.9B | $24.9B | $11.5B |
| 2024 | $391.0B | $198.9B | $31.4B | $26.1B | $11.4B |
| TTM | $408.6B | $206.4B | $33.4B | $27.1B | $11.5B |
| Year | Revenue Change (%) | Cost of Revenue Change (%) | R&D Change (%) | SG&A Change (%) | Facilities / D&A Change (%) |
|---|---|---|---|---|---|
| 2022 | 7.79 | 5.33 | 19.79 | 14.20 | -1.60 |
| 2023 | -2.80 | -4.62 | 13.96 | -0.65 | 3.74 |
| 2024 | 2.02 | -1.83 | 4.86 | 4.67 | -0.64 |
| TTM | 4.50 | 3.77 | 6.63 | 3.75 | 0.32 |
No unmapped expenses.
Segment Performance
SEGMENTS v2025-09-09 · 2025-11-10 08:17 UTC — Units: $B. Rows list fiscal years (last 3 + TTM) with revenue and operating income for each segment; the final row shows the TTM revenue mix (operating income columns display “—” where mix is not applicable).
| Year | Prod Rev | Prod OI | Services Rev | Services OI | iPhone Rev | iPhone OI | Wearables Rev | Wearables OI | Mac Rev | Mac OI | iPad Rev | iPad OI | Total Rev | Total OI |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 298.1B | 0.00B | 170.4B | 0.00B | 200.6B | 0.00B | 39.8B | 0.00B | 29.4B | 0.00B | 28.3B | 0.00B | 766.6B | 0.00B |
| 2024 | 294.9B | 0.00B | 192.3B | 0.00B | 201.2B | 0.00B | 37B | 0.00B | 30B | 0.00B | 26.7B | 0.00B | 782.1B | 0.00B |
| 2025 | 307B | 0.00B | 218.3B | 0.00B | 209.6B | 0.00B | 35.7B | 0.00B | 33.7B | 0.00B | 28B | 0.00B | 832.3B | 0.00B |
| TTM | 606.9B | 0.00B | 434B | 0.00B | 414.7B | 0.00B | 69.8B | 0.00B | 66.7B | 0.00B | 55.7B | 0.00B | 1647.8B | 0.00B |
| % of Total (TTM) | 36.8% | — | 26.3% | — | 25.2% | — | 4.2% | — | 4.1% | — | 3.4% | — | 100% | — |
SEGMENTS v2025-09-09 · 2025-11-10 08:17 UTC — Units: $B. Rows list fiscal years (last 3 + TTM) with revenue and operating income for each segment; the final row shows the TTM revenue mix (operating income columns display “—” where mix is not applicable).
| Year | Americas Rev | Americas OI | Europe Rev | Europe OI | Greater China Rev | Greater China OI | Rest Of Asia Pacific Rev | Rest Of Asia Pacific OI | Japan Rev | Japan OI | Total Rev | Total OI |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 162.6B | 60.5B | 94.3B | 36.1B | 72.6B | 30.3B | 29.6B | 12.1B | 24.3B | 11.9B | 383.3B | 150.9B |
| 2024 | 167B | 67.7B | 101.3B | 41.8B | 67B | 27.1B | 30.7B | 13.1B | 25.1B | 12.5B | 391B | 162B |
| 2025 | 178.4B | 72.5B | 111B | 47.7B | 64.4B | 26.9B | 33.7B | 14.6B | 28.7B | 14B | 416.2B | 175.7B |
| TTM | 353.7B | 143.8B | 217.4B | 93.7B | 129.6B | 53.3B | 66.6B | 28.6B | 56.6B | 27.4B | 823.9B | 346.9B |
| % of Total (TTM) | 42.9% | — | 26.4% | — | 15.7% | — | 8.1% | — | 6.9% | — | 100% | — |
Balance Sheet
| Metric | Value | |
|---|---|---|
| 0 | Total Assets | $331,495M |
| 1 | Cash | $36,269M |
| 2 | Total Liabilities | $265,665M |
| 3 | Total Debt | $101,698M |
| 4 | Total Equity | $65,830M |
| 5 | Debt to Equity Ratio | 1.54 |
EPS & Dividend
Valuation
| Share Price | Treasury Yield | Estimates | Fair Value (P/E) | Fair Value (P/S) | Current P/S | Current P/E |
|---|---|---|---|---|---|---|
| $201.00 | 4.4% | Nicks Growth: 10% Nick's Expected Margin: 25% FINVIZ Growth: 8% |
Nicks: 17 Finviz: 14 |
Nick's: 4.321 | 7.5 | 31.4 |
| Basis | Year | Nicks Valuation | Nicks vs Share Price | Finviz Valuation | Finviz vs Share Price |
|---|---|---|---|---|---|
| $6.43 EPS | TTM | $111.14 | -44.7% | $92.07 | -54.2% |
| $7.11 EPS | 2025 | $122.90 | -38.9% | $101.81 | -49.3% |
| $7.67 EPS | 2026 | $132.58 | -34.0% | $109.82 | -45.4% |
Implied Growth
| Average | Median | Std Dev | Current | Percentile | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| TTM | Forward | TTM | Forward | TTM | Forward | TTM | Forward | TTM | Forward | |
| Timeframe | ||||||||||
| 1 Year | 17.66% | 15.06% | 17.64% | 15.05% | 0.76% | 0.90% | 17.76% | 16.54% | 60.2% | 93.5% |
| 3 Years | 17.66% | 15.06% | 17.64% | 15.05% | 0.76% | 0.90% | 17.76% | 16.54% | 60.2% | 93.5% |
| 5 Years | 17.66% | 15.06% | 17.64% | 15.05% | 0.76% | 0.90% | 17.76% | 16.54% | 60.2% | 93.5% |
| 10 Years | 17.66% | 15.06% | 17.64% | 15.05% | 0.76% | 0.90% | 17.76% | 16.54% | 60.2% | 93.5% |