Apple Inc. (AAPL) stock analysis
Company overview and business model
Source fact: 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 allows 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. In addition, the company offers various subscription-based services, such as Apple Arcade, a game subscription service; Apple Fitness+, a personalized fitness service; Apple Music, which offers users a curated listening experience with on-demand radio stations; Apple News+, a subscription news and magazine service; Apple TV, which offers original content and live sports; Apple Card, a co-branded credit card; and Apple Pay, a cashless payment service, as well as licenses its intellectual property. The company serves consumers, and small and mid-sized businesses; and the education, enterprise, and government markets. It distributes third-party applications for its products through the App Store. The company also sells its products through its retail and online stores, and direct sales force; and third-party cellular network carriers and resellers. The company was formerly known as Apple Computer, Inc. and changed its name to Apple Inc. in January 2007. Apple Inc. was founded in 1976 and is headquartered in Cupertino, California.
Classification: NASDAQ · Technology · Consumer Electronics
Revenue and growth
Source fact: Revenue was USD 416.16 billion for the period ending 2025-09-30.
Caverian calculation: Revenue changed +6.4% (FY2025 vs FY2024).
Profitability
Source fact: Net income was USD 112.01 billion in the latest reported period.
Source metric: Reported net margin was 26.9%.
Balance sheet and liquidity
Source fact: Cash and equivalents were USD 35.93 billion.
Source fact: Total debt was USD 98.66 billion.
Source metric: Current ratio was 0.89x.
Cash-flow analysis
Source fact: Operating cash flow was USD 111.48 billion.
Source fact: Free cash flow was USD 98.77 billion.
Valuation
Source metrics: Trailing P/E 35.48x; Forward P/E 32.43x; Price to book 42.03x; Price to sales 9.67x; EV/EBITDA 27.18x.
Caverian model output: Value score was 18/100.
Competitive position
Classification: Peer context: Consumer Electronics within Technology.
Caverian model output: Quality score was 76/100.
Caverian model output: Growth score was 71/100.
Material risks
Caverian model interpretation: Watch out: short-term cash may not cover short-term bills.
Caverian calculation: Altman Z-score was 11.75 (safe zone).
Caverian calculation: Piotroski F-score was 8/9.
Data sources and freshness
Freshness: This report uses a stored upstream snapshot; statement periods are shown alongside the figures.
Methodology and limitations
Facts reproduce stored upstream fields. Calculations derive only from the displayed stored statements. Model outputs are Caverian interpretations, not investment advice or a buy/sell recommendation.
How Caverian approaches valuation · Sources and product principles