InsiderClue
Stocks · Technology · Electronic Computers

Apple Inc.

AAPL Clue Score61
United States Fiscal year ends September CIK 0000320193
$336.64 -1.11% Close, 9 Oct 2026
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Price $336.64 +135.73% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue229.23Operating income61.34Net income48.35EPS, diluted9.21Fiscal year 2018Revenue265.60 +15.9%Operating income70.90Net income59.53 +23.1%EPS, diluted2.98Fiscal year 2019Revenue260.17 −2.0%Operating income63.93Net income55.26 −7.2%EPS, diluted2.97Fiscal year 2020Revenue274.52 +5.5%Operating income66.29Net income57.41 +3.9%EPS, diluted3.28Fiscal year 2021Revenue365.82 +33.3%Operating income108.95Net income94.68 +64.9%EPS, diluted5.61Fiscal year 2022Revenue394.33 +7.8%Operating income119.44Net income99.80 +5.4%EPS, diluted6.11Fiscal year 2023Revenue383.29 −2.8%Operating income114.30Net income97.00 −2.8%EPS, diluted6.13Fiscal year 2024Revenue391.04 +2.0%Operating income123.22Net income93.74 −3.4%EPS, diluted6.08Fiscal year 2025Revenue416.16 +6.4%Operating income133.05Net income112.01 +19.5%EPS, diluted7.46
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 229.23 265.60 260.17 274.52 365.82 394.33 383.29 391.04 416.16
Growth +15.9% −2.0% +5.5% +33.3% +7.8% −2.8% +2.0% +6.4%
Operating income 61.34 70.90 63.93 66.29 108.95 119.44 114.30 123.22 133.05
Net income 48.35 59.53 55.26 57.41 94.68 99.80 97.00 93.74 112.01
Growth +23.1% −7.2% +3.9% +64.9% +5.4% −2.8% −3.4% +19.5%
EPS, diluted 9.21 2.98 2.97 3.28 5.61 6.11 6.13 6.08 7.46

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin38.5%Operating margin26.8%Net margin21.1%Free cash flow margin22.6%Fiscal year 2018Gross margin38.3%Operating margin26.7%Net margin22.4%Free cash flow margin24.1%Fiscal year 2019Gross margin37.8%Operating margin24.6%Net margin21.2%Free cash flow margin22.6%Fiscal year 2020Gross margin38.2%Operating margin24.1%Net margin20.9%Free cash flow margin26.7%Fiscal year 2021Gross margin41.8%Operating margin29.8%Net margin25.9%Free cash flow margin25.4%Fiscal year 2022Gross margin43.3%Operating margin30.3%Net margin25.3%Free cash flow margin28.3%Fiscal year 2023Gross margin44.1%Operating margin29.8%Net margin25.3%Free cash flow margin26.0%Fiscal year 2024Gross margin46.2%Operating margin31.5%Net margin24.0%Free cash flow margin27.8%Fiscal year 2025Gross margin46.9%Operating margin32.0%Net margin26.9%Free cash flow margin23.7%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 38.5% 38.3% 37.8% 38.2% 41.8% 43.3% 44.1% 46.2% 46.9%
Operating margin 26.8% 26.7% 24.6% 24.1% 29.8% 30.3% 29.8% 31.5% 32.0%
Net margin 21.1% 22.4% 21.2% 20.9% 25.9% 25.3% 25.3% 24.0% 26.9%
Free cash flow margin 22.6% 24.1% 22.6% 26.7% 25.4% 28.3% 26.0% 27.8% 23.7%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow64.23Capital expenditure−12.45Free cash flow51.77Buybacks−32.90Dividends paid−12.56Fiscal year 2018Operating cash flow77.43Capital expenditure−13.31Free cash flow64.12 +23.8%Buybacks−72.74Dividends paid−13.71Fiscal year 2019Operating cash flow69.39Capital expenditure−10.50Free cash flow58.90 −8.1%Buybacks−66.90Dividends paid−14.12Fiscal year 2020Operating cash flow80.67Capital expenditure−7.31Free cash flow73.37 +24.6%Buybacks−72.36Dividends paid−14.08Fiscal year 2021Operating cash flow104.04Capital expenditure−11.09Free cash flow92.95 +26.7%Buybacks−85.97Dividends paid−14.47Fiscal year 2022Operating cash flow122.15Capital expenditure−10.71Free cash flow111.44 +19.9%Buybacks−89.40Dividends paid−14.84Fiscal year 2023Operating cash flow110.54Capital expenditure−10.96Free cash flow99.58 −10.6%Buybacks−77.55Dividends paid−15.03Fiscal year 2024Operating cash flow118.25Capital expenditure−9.45Free cash flow108.81 +9.3%Buybacks−94.95Dividends paid−15.23Fiscal year 2025Operating cash flow111.48Capital expenditure−12.72Free cash flow98.77 −9.2%Buybacks−90.71Dividends paid−15.42
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 64.23 77.43 69.39 80.67 104.04 122.15 110.54 118.25 111.48
Capital expenditure −12.45 −13.31 −10.50 −7.31 −11.09 −10.71 −10.96 −9.45 −12.72
Free cash flow 51.77 64.12 58.90 73.37 92.95 111.44 99.58 108.81 98.77
Growth +23.8% −8.1% +24.6% +26.7% +19.9% −10.6% +9.3% −9.2%
Buybacks −32.90 −72.74 −66.90 −72.36 −85.97 −89.40 −77.55 −94.95 −90.71
Dividends paid −12.56 −13.71 −14.12 −14.08 −14.47 −14.84 −15.03 −15.23 −15.42

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash20.29Total debt103.70Net cash (debt)−83.41Shareholders’ equity134.05Debt to equity0.77Fiscal year 2018Cash25.91Total debt102.52Net cash (debt)−76.61Shareholders’ equity107.15Debt to equity0.96Fiscal year 2019Cash48.84Total debt102.07Net cash (debt)−53.22Shareholders’ equity90.49Debt to equity1.13Fiscal year 2020Cash38.02Total debt107.44Net cash (debt)−69.42Shareholders’ equity65.34Debt to equity1.64Fiscal year 2021Cash34.94Total debt118.72Net cash (debt)−83.78Shareholders’ equity63.09Debt to equity1.88Fiscal year 2022Cash23.65Total debt110.09Net cash (debt)−86.44Shareholders’ equity50.67Debt to equity2.17Fiscal year 2023Cash29.97Total debt105.10Net cash (debt)−75.14Shareholders’ equity62.15Debt to equity1.69Fiscal year 2024Cash29.94Total debt96.66Net cash (debt)−66.72Shareholders’ equity56.95Debt to equity1.70Fiscal year 2025Cash35.93Total debt90.68Net cash (debt)−54.74Shareholders’ equity73.73Debt to equity1.23
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 20.29 25.91 48.84 38.02 34.94 23.65 29.97 29.94 35.93
Total debt 103.70 102.52 102.07 107.44 118.72 110.09 105.10 96.66 90.68
Net cash (debt) −83.41 −76.61 −53.22 −69.42 −83.78 −86.44 −75.14 −66.72 −54.74
Shareholders’ equity 134.05 107.15 90.49 65.34 63.09 50.67 62.15 56.95 73.73
Debt to equity 0.77 0.96 1.13 1.64 1.88 2.17 1.69 1.70 1.23

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending September, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 30 Sep 2017 FY2018 29 Sep 2018 FY2019 28 Sep 2019 FY2020 26 Sep 2020 FY2021 25 Sep 2021 FY2022 24 Sep 2022 FY2023 30 Sep 2023 FY2024 28 Sep 2024 FY2025 27 Sep 2025
Margins
38.5% 38.3% 37.8% 38.2% 41.8% 43.3% 44.1% 46.2% 46.9%
26.8% 26.7% 24.6% 24.1% 29.8% 30.3% 29.8% 31.5% 32.0%
28.0% 27.4% 25.3% 24.4% 29.9% 30.2% 29.7% 31.6% 31.9%
21.1% 22.4% 21.2% 20.9% 25.9% 25.3% 25.3% 24.0% 26.9%
22.6% 24.1% 22.6% 26.7% 25.4% 28.3% 26.0% 27.8% 23.7%
Spending
5.1% 5.4% 6.2% 6.8% 6.0% 6.7% 7.8% 8.0% 8.3%
6.7% 6.3% 7.0% 7.3% 6.0% 6.4% 6.5% 6.7% 6.6%
5.4% 5.0% 4.0% 2.7% 3.0% 2.7% 2.9% 2.4% 3.1%
24.6% 18.3% 15.9% 14.4% 13.3% 16.2% 14.7% 24.1% 15.6%
Returns
36.1% 55.6% 61.1% 87.9% 150.1% 197.0% 156.1% 164.6% 151.9%
12.9% 16.3% 16.3% 17.7% 27.0% 28.3% 27.5% 25.7% 31.2%
Balance and payout
0.77 0.96 1.13 1.64 1.88 2.17 1.69 1.70 1.23
64.3% 70.7% 73.3% 79.8% 82.0% 85.6% 82.4% 84.4% 79.5%
26.0% 23.0% 25.6% 24.5% 15.3% 14.9% 15.5% 16.3% 13.8%
87.8% 134.8% 137.6% 117.8% 108.1% 93.5% 93.0% 101.3% 107.5%