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Held by 5,858 of 5,944 reporting institutions (100th percentile) — extremely crowded.
Data as of Q1 2026
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Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $337.00 today, the market must believe free cash flow compounds 20.0%/yr for a decade (off $102.4B normalized FCF).
The market's 20.0% is more optimistic than its 9-yr track record.
2-stage DCF · 14.77B shares · net debt $54.7B
mean 8.1% · volatility σ 16% · implied rate exceeded in 3/9 yrs
Central path = implied 20.0%/yr growth; shaded band = ±1σ (16%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
EOD close · as of 2026-09-17
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $416.16B 100.0% | $391.04B 100.0% | $383.29B 100.0% | $394.33B 100.0% | $365.82B 100.0% | $274.51B 100.0% | $260.17B 100.0% | $265.60B 100.0% | $229.23B 100.0% | $215.64B 100.0% |
| Cost of Revenue | $220.96B 53.1% | $210.35B 53.8% | $214.14B 55.9% | $223.55B 56.7% | $212.98B 58.2% | $169.56B 61.8% | $161.78B 62.2% | $163.76B 61.7% | $141.05B 61.5% | $131.38B 60.9% |
| Gross Profit | $195.20B 46.9% | $180.68B 46.2% | $169.15B 44.1% | $170.78B 43.3% | $152.84B 41.8% | $104.96B 38.2% | $98.39B 37.8% | $101.84B 38.3% | $88.19B 38.5% | $84.26B 39.1% |
| Research & Development | $34.55B 8.3% | $31.37B 8.0% | $29.91B 7.8% | $26.25B 6.7% | $21.91B 6.0% | $18.75B 6.8% | $16.22B 6.2% | $14.24B 5.4% | $11.58B 5.1% | $10.04B 4.7% |
| Selling, General & Admin | $27.60B 6.6% | $26.10B 6.7% | $24.93B 6.5% | $25.09B 6.4% | $21.97B 6.0% | $19.92B 7.3% | $18.25B 7.0% | $16.70B 6.3% | $15.26B 6.7% | $14.19B 6.6% |
| Total Operating Expenses | $62.15B 14.9% | $57.47B 14.7% | $54.85B 14.3% | $51.34B 13.0% | $43.89B 12.0% | $38.67B 14.1% | $34.46B 13.2% | $30.94B 11.6% | $26.84B 11.7% | $24.24B 11.2% |
| Operating Income | $133.05B 32.0% | $123.22B 31.5% | $114.30B 29.8% | $119.44B 30.3% | $108.95B 29.8% | $66.29B 24.1% | $63.93B 24.6% | $70.90B 26.7% | $61.34B 26.8% | $60.02B 27.8% |
| Interest Expense | — | — | $3.93B 1.0% | $2.93B 0.7% | $2.65B 0.7% | $2.87B 1.0% | $3.58B 1.4% | $3.24B 1.2% | $2.32B 1.0% | $1.46B 0.7% |
| Other Income (Expense), net | -$321.0M -0.1% | $269.0M 0.1% | -$565.0M -0.1% | -$334.0M -0.1% | $258.0M 0.1% | $803.0M 0.3% | $1.81B 0.7% | $2.00B 0.8% | $2.75B 1.2% | $1.35B 0.6% |
| Pretax Income | $132.73B 31.9% | $123.48B 31.6% | $113.74B 29.7% | $119.10B 30.2% | $109.21B 29.9% | $67.09B 24.4% | $65.74B 25.3% | $72.90B 27.4% | $64.09B 28.0% | $61.37B 28.5% |
| Income Tax Expense | $20.72B 5.0% | $29.75B 7.6% | $16.74B 4.4% | $19.30B 4.9% | $14.53B 4.0% | $9.68B 3.5% | $10.48B 4.0% | $13.37B 5.0% | $15.74B 6.9% | $15.69B 7.3% |
| Net Income | $112.01B 26.9% | $93.74B 24.0% | $97.00B 25.3% | $99.80B 25.3% | $94.68B 25.9% | $57.41B 20.9% | $55.26B 21.2% | $59.53B 22.4% | $48.35B 21.1% | $45.69B 21.2% |
| Per Share | ||||||||||
| EPS (Basic) | $7.49 | $6.11 | $6.16 | $6.15 | $5.67 | $3.31 | $2.99 | $3.00 | $9.27 | $8.35 |
| EPS (Diluted) | $7.46 | $6.08 | $6.13 | $6.11 | $5.61 | $3.28 | $2.97 | $2.98 | $9.21 | $8.31 |
| Weighted Avg Shares (Basic) | 14.95B | 15.34B | 15.74B | 16.22B | 16.70B | 17.35B | 18.47B | 19.82B | 5.22B | 5.47B |
| Weighted Avg Shares (Diluted) | 15.00B | 15.41B | 15.81B | 16.33B | 16.86B | 17.53B | 18.60B | 20.00B | 5.25B | 5.50B |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
Safe > 2.99 · grey 1.81–2.99 · distress < 1.81
Eight indices comparing this year to last (receivables, margins, asset quality, growth, accruals, leverage). Above −1.78 suggests possible manipulation; below −2.22 is clean.
A screen, not proof — high growth alone can raise it.
Cash conversion lags reported earnings — watch accruals. Lower/negative accruals = higher quality (Sloan).
Coverage data unavailable; leverage falling year-over-year.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
The dividend is comfortably covered — only 16% of free cash flow, leaving room to grow it and fund buybacks. Last year: $15.4B dividends + $90.7B buybacks = $106.1B returned on $98.8B FCF.
6 consecutive years of dividend increases · -8%/yr.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A cash-return story — far more went to shareholders than back into the business (mature, low-reinvestment).
Reinvestment has been productive — operating income grew well per dollar put in. Current ROIC on all capital: 68%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $35.9B covers the $12.4B due within a year 2.9× over. Scheduled principal only (excludes interest & revolver draws). As of 2025-09-27 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest is easily covered by operating profit. Effective rate ~3.7% on $105.1B of debt. Interest last disclosed in FY2023 (no longer broken out).
Cash of $35.9B fully covers short-term debt of $12.3B.
Mostly long-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
EOD close · as of 2026-09-17
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Watch the leverage lever — a chunk of ROE comes from the balance sheet.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
Low operating leverage — profit tracks sales closely (stable, less cyclical).
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 61.7 | 62.2 | 61.8 | 58.2 | 56.7 | 55.9 | 53.8 | 53.1 |
| Gross Profit | 38.3 | 37.8 | 38.2 | 41.8 | 43.3 | 44.1 | 46.2 | 46.9 |
| R&D | 5.4 | 6.2 | 6.8 | 6.0 | 6.7 | 7.8 | 8.0 | 8.3 |
| SG&A | 6.3 | 7.0 | 7.3 | 6.0 | 6.4 | 6.5 | 6.7 | 6.6 |
| Operating Income | 26.7 | 24.6 | 24.1 | 29.8 | 30.3 | 29.8 | 31.5 | 32.0 |
| Income Tax | 5.0 | 4.0 | 3.5 | 4.0 | 4.9 | 4.4 | 7.6 | 5.0 |
| Net Income | 22.4 | 21.2 | 20.9 | 25.9 | 25.3 | 25.3 | 24.0 | 26.9 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on AAPL: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
Ranked against 743 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TSM | $10.83T | — | — | — | — | — | — | — | — | — | 3,121 |
| NVDA | $5.20T | 43.6× | 39.0× | 24.1× | 65.5% | 71.1% | 55.6% | 76.3% | 72.4% | 0.1× | 5,582 |
| AAPL | $4.91T | 44.6× | 34.3× | 11.8× | 6.4% | 46.9% | 26.9% | 152% | 68.1% | 0.6× | 5,858 |
| MSFT | $3.64T | 27.3× | 19.3× | 11.0× | 17.8% | 67.9% | 40.3% | 30.2% | 27.7% | 0.2× | 5,944 |
| AVGO | $1.61T | 71.2× | 63.6× | 25.2× | 23.9% | 67.8% | 36.2% | 28.4% | 15.8% | 2.5× | 4,442 |
| MU | $1.04T | 122.1× | 57.5× | 27.8× | 48.9% | 39.8% | 22.8% | 15.8% | 12.9% | 0.7× | 2,894 |
| AMD | $835.4B | 193.4× | 197.6× | 24.1× | 34.3% | 49.5% | 12.5% | 6.9% | 6.5% | 0.8× | 3,059 |
| INTC | $504.6B | — | 62.9× | 9.6× | -0.5% | 34.8% | -0.5% | -0.2% | -0.2% | 5.5× | 2,495 |
| CSCO | $426.7B | 42.3× | 35.8× | 7.5× | 5.3% | 64.9% | 18.0% | 21.7% | 13.6% | 2.3× | 3,560 |
| PLTR | $416.9B | 276.7× | 288.5× | 93.2× | 56.2% | 82.4% | 36.3% | 22.0% | 22.0% | — | 2,883 |
| DELL | $367.3B | 64.9× | 34.6× | 3.2× | 18.8% | 20.0% | 5.2% | -240% | 20.4% | 2.8× | 1,564 |
| LRCX | $341.6B | 64.9× | 54.5× | 18.5× | 23.7% | 48.7% | 29.1% | 54.3% | 37.4% | 0.7× | 2,500 |
| AMAT | $329.4B | 48.0× | 37.9× | 11.6× | 4.4% | 48.7% | 24.7% | 34.3% | 25.9% | 0.8× | 2,826 |
| RPAY | $325.1B | — | — | 1051.3× | -1.2% | 75.0% | -83.0% | -53.0% | -28.2% | -1.7× | 142 |
| UMC | $283.0B | — | — | — | — | — | — | — | — | — | 302 |
| SAP | $261.9B | — | — | — | — | — | — | — | — | — | 794 |
| ARM | $259.6B | 287.0× | 223.6× | 52.8× | 22.8% | 97.5% | 18.4% | 10.9% | 10.9% | — | 730 |
| PANW | $250.9B | 234.8× | 156.8× | 27.2× | 14.9% | 73.4% | 12.3% | 14.5% | 14.5% | — | 2,374 |
| ANET | $248.2B | 71.8× | 62.7× | 27.6× | 28.6% | 64.1% | 39.0% | 28.4% | 28.4% | — | 1,930 |
| TXN | $236.9B | 47.8× | 31.2× | 13.4× | 13.0% | 57.0% | 28.3% | 30.7% | 16.5% | 1.8× | 2,345 |
| CRM | $232.8B | 32.1× | 25.2× | 5.6× | 9.6% | 77.7% | 18.0% | 12.6% | 10.1% | 1.5× | 2,547 |
| IBM | $222.5B | 21.3× | — | 3.3× | 7.6% | 58.2% | 15.7% | 32.4% | 11.3% | — | 3,351 |
| SNDK | $221.9B | — | — | 30.2× | 10.4% | 30.1% | -22.3% | -17.8% | -14.8% | -1.5× | 1,127 |
| QCOM | $198.5B | 36.9× | 14.9× | 4.5× | 13.7% | 55.4% | 12.5% | 26.1% | 15.4% | 1.1× | 2,611 |
| MRVL | $194.6B | 74.8× | 127.2× | 23.8× | 42.1% | 51.0% | 32.6% | 18.7% | 14.2% | 2.9× | 1,477 |
Peers = companies sharing AAPL's sector (Technology) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.