Apple Inc. — AAPL
| Close Price | Market Cap | P/E Ratio | Forward P/E Ratio | Implied Growth* | Implied Forward Growth* | Dividend | P/B Ratio |
|---|---|---|---|---|---|---|---|
| $239.28 | $3.55T | 36.3 | 28.8 | 17.8% | 15.2% | $1.04 43.0% | 54.0 |
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 | $6.43 | 2.4% | 3.8% | 4.4% |
| 6 | Average | 8.5% | 13.6% | 16.9% |
EPS
Forecasts
Y/Y % Change
AAPL Year-over-Year Growth
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Average | |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth (%) | 33.3% | 7.8% | -2.8% | 2.0% | 5.3% | 4.0% | 8.3% | |
| Revenue Analysts (#) | 0 | 0 | 0 | 0 | 0 | 5 | 5 | |
| EPS Growth (%) | 64.9% | 5.4% | -2.8% | -3.4% | 16.4% | 6.3% | 14.5% | |
| EPS Analysts (#) | 0 | 0 | 0 | 0 | 0 | 9 | 9 |
Expenses
| Year | Revenue ($) | 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 · 2025-09-05 14:55 UTC — Values are shown in a single scale for this table: $B. TTM values are bold. “% of Total (TTM)” shows revenue mix.
| Segment | 2022 Rev ($B) | 2022 OI ($B) | 2023 Rev ($B) | 2023 OI ($B) | 2024 Rev ($B) | 2024 OI ($B) | TTM Rev ($B) | TTM OI ($B) | % of Total (TTM) |
|---|---|---|---|---|---|---|---|---|---|
| Product Member | 316B | 0.00B | 298B | 0.00B | 295B | 0.00B | 595B | 0.00B | 37.2% |
| Service Member | 156B | 0.00B | 170B | 0.00B | 192B | 0.00B | 408B | 0.00B | 25.5% |
| I Phone Member | 205B | 0.00B | 201B | 0.00B | 201B | 0.00B | 406B | 0.00B | 25.4% |
| Wearables Homeand Accessories Member | 41.2B | 0.00B | 39.8B | 0.00B | 37.0B | 0.00B | 71.1B | 0.00B | 4.4% |
| Mac Member | 40.2B | 0.00B | 29.4B | 0.00B | 30.0B | 0.00B | 63.0B | 0.00B | 3.9% |
| I Pad Member | 29.3B | 0.00B | 28.3B | 0.00B | 26.7B | 0.00B | 54.3B | 0.00B | 3.4% |
SEGMENTS v2025-09-09 · 2025-09-05 14:55 UTC — Values are shown in a single scale for this table: $B. TTM values are bold. “% of Total (TTM)” shows revenue mix.
| Segment | 2022 Rev ($B) | 2022 OI ($B) | 2023 Rev ($B) | 2023 OI ($B) | 2024 Rev ($B) | 2024 OI ($B) | TTM Rev ($B) | TTM OI ($B) | % of Total (TTM) |
|---|---|---|---|---|---|---|---|---|---|
| Americas | 170B | 62.7B | 163B | 60.5B | 167B | 67.7B | 342B | 139B | 42.9% |
| Europe | 95.1B | 35.2B | 94.3B | 36.1B | 101B | 41.8B | 208B | 87.7B | 26.0% |
| Greater China | 74.2B | 31.2B | 72.6B | 30.3B | 67.0B | 27.1B | 132B | 53.5B | 16.6% |
| Rest of Asia Pacific | 29.4B | 11.6B | 29.6B | 12.1B | 30.7B | 13.1B | 63.6B | 27.1B | 8.0% |
| Japan | 26.0B | 12.3B | 24.3B | 11.9B | 25.1B | 12.5B | 52.9B | 25.9B | 6.6% |
Balance Sheet
| Metric | Value | |
|---|---|---|
| 0 | Total Assets | $331,233M |
| 1 | Cash | $28,162M |
| 2 | Total Liabilities | $264,437M |
| 3 | Total Debt | $98,186M |
| 4 | Total Equity | $66,796M |
| 5 | Debt to Equity Ratio | 1.47 |
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 | 17.13% | 14.40% | 17.10% | 14.25% | 0.49% | 0.55% | 17.91% | 15.35% | 98.3% | 100.0% |
| 3 Years | 17.13% | 14.40% | 17.10% | 14.25% | 0.49% | 0.55% | 17.91% | 15.35% | 98.3% | 100.0% |
| 5 Years | 17.13% | 14.40% | 17.10% | 14.25% | 0.49% | 0.55% | 17.91% | 15.35% | 98.3% | 100.0% |
| 10 Years | 17.13% | 14.40% | 17.10% | 14.25% | 0.49% | 0.55% | 17.91% | 15.35% | 98.3% | 100.0% |