Apple Inc. — AAPL
| Close Price | Market Cap | P/E Ratio | Forward P/E Ratio | Implied Growth* | Implied Forward Growth* | Dividend | P/B Ratio |
|---|---|---|---|---|---|---|---|
| $259.96 | $3.84T | 34.8 | 28.4 | 17.4% | 15.1% | $1.04 0.4% | 52.1 |
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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 | $6.43 | 2.4% | 3.8% | 4.4% |
| 6 | Average | 8.5% | 13.6% | 16.9% |
EPS
Forecasts
Y/Y % Change
AAPL Year-over-Year Growth
| 2020 | 2021 | 2022 | 2023 | 2024 | 2026 | 2027 | Average | |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth (%) | 33.3% | 7.8% | -2.8% | 2.0% | 15.5% | 8.2% | 10.7% | |
| Revenue Analysts (#) | 0 | 0 | 0 | 0 | 0 | 8 | 8 | |
| EPS Growth (%) | 64.9% | 5.4% | -2.8% | -3.4% | 28.2% | 12.1% | 17.4% | |
| EPS Analysts (#) | 0 | 0 | 0 | 0 | 0 | 11 | 11 |
Expenses
| Year | Revenue ($) | Cost of Revenue ($) | R&D ($) | SG&A ($) | Facilities / D&A ($) |
|---|---|---|---|---|---|
| 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 |
| 2025 | $416.2B | $209.3B | $34.5B | $27.6B | $11.7B |
| TTM | $416.2B | $209.3B | $34.5B | $27.6B | $11.7B |
| Year | Revenue Change (%) | Cost of Revenue Change (%) | R&D Change (%) | SG&A Change (%) | Facilities / D&A Change (%) |
|---|---|---|---|---|---|
| 2023 | -2.80 | -4.62 | 13.96 | -0.65 | 3.74 |
| 2024 | 2.02 | -1.83 | 4.86 | 4.67 | -0.64 |
| 2025 | 6.43 | 5.21 | 10.14 | 5.76 | 2.21 |
| TTM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
No unmapped expenses.
Segment Performance
SEGMENTS v2025-09-09 · 2026-01-14 21:44 UTC — Units: $T. Rows list fiscal years (last 3 + TTM) with revenue for each segment; the final row shows the TTM revenue mix (operating income columns display “—” where mix is not applicable).
| Year | Prod Rev | Services Rev | iPhone Rev | Wearables Rev | Mac Rev | iPad Rev | Total Rev |
|---|---|---|---|---|---|---|---|
| 2023 | 0.30T | 0.17T | 0.20T | 0.04T | 0.03T | 0.03T | 0.77T |
| 2024 | 0.29T | 0.19T | 0.20T | 0.04T | 0.03T | 0.03T | 0.78T |
| 2025 | 0.31T | 0.22T | 0.21T | 0.04T | 0.03T | 0.03T | 0.83T |
| TTM | 1.19T | 0.82T | 0.81T | 0.14T | 0.13T | 0.11T | 3.19T |
| % of Total (TTM) | 37.2% | 25.6% | 25.4% | 4.5% | 3.9% | 3.4% | 100% |
Segment Performance (Axis 2)
SEGMENTS v2025-09-09 · 2026-01-14 21:44 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 | 683.8B | 277.3B | 417B | 176.5B | 263.2B | 106.9B | 126.9B | 54.3B | 105.8B | 51.9B | 1596.8B | 666.9B |
| % of Total (TTM) | 42.8% | — | 26.1% | — | 16.5% | — | 7.9% | — | 6.6% | — | 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 |
|---|---|---|---|---|---|---|
| $259.96 | 4.1% | Nicks Growth: 10% Nick's Expected Margin: 25% FINVIZ Growth: 10% |
Nicks: 18 Finviz: 19 |
Nick's: 4.418 | 9.2 | 34.8 |
| Basis | Year | Nicks Valuation | Nicks vs Share Price | Finviz Valuation | Finviz vs Share Price |
|---|---|---|---|---|---|
| $7.47 EPS | TTM | $132.02 | -49.2% | $138.26 | -46.8% |
| $8.13 EPS | 2026 | $143.68 | -44.7% | $150.48 | -42.1% |
| $9.11 EPS | 2027 | $161.00 | -38.1% | $168.61 | -35.1% |
Implied Growth
| Average | Median | Std Dev | Current | Percentile | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| TTM | Forward | TTM | Forward | TTM | Forward | TTM | Forward | TTM | Forward | |
| Timeframe | ||||||||||
| 1 Year | 17.73% | 15.38% | 17.76% | 15.26% | 0.67% | 1.00% | 17.50% | 15.22% | 32.9% | 48.3% |
| 3 Years | 17.73% | 15.38% | 17.76% | 15.26% | 0.67% | 1.00% | 17.50% | 15.22% | 32.9% | 48.3% |
| 5 Years | 17.73% | 15.38% | 17.76% | 15.26% | 0.67% | 1.00% | 17.50% | 15.22% | 32.9% | 48.3% |
| 10 Years | 17.73% | 15.38% | 17.76% | 15.26% | 0.67% | 1.00% | 17.50% | 15.22% | 32.9% | 48.3% |