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Apple Inc. (AAPL) Q3 2021 Report Analysis


Company Overview

Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch. Further, it provides AppleCare support services; cloud services store services; and operates various platforms, including the App Store that allow customers to discover and download applications and digital content, such as books, music, video, games, and podcasts. Additionally, the company offers various services, such as Apple Arcade, a game subscription 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 exclusive original content; 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, wholesalers, retailers, and resellers. Apple Inc. was incorporated in 1977 and is headquartered in Cupertino, California.

Company Highlights


Parameter Value Change Score
Assets 351,002.0 6% 84
Capital Expenditure -3,223.0 67% 97
Cash & Equivalents 34,940.0 3% 74
Equity 63,090.0 -2% 92
Liabilities 287,912.0 8% 84
EBITDA 30,425.0 -73% 63
Total Revenues 83,360.0 -76% 99
Parameter Value Change Score
Free Cashflow 1.03 -82% 45
Cashflow 653.0 176% 50
Asset Turnover 0.98 -9% 56
Price to Book 44.78 29% 63
Return on Equity 129.08 2% 57

* All values are TTM

Report Summary

Our analysis and forecast of Apple Inc.'s expected performance during the near term is based on a systematic, AI-powered analysis of the Company's income statement, balance sheet, & statement of cash flows. Additionally, a number of critical general factors and ratios are also utilized and included. First, assessing the balance sheet metrics significantly outperformed the market benchmarks. Second, the income statement factors matched expectation and not outperform the benchmark in this time frame. Moreover, cash flow factors were significantly worse than the market benchmark. Last, the most impactful financial ratios suggest that in the current market their growth should stay at par with their benchmark. With all factors evaluated together, our evaluation of Apple Inc. produced the total score of 75.

The below chart reflects Apple Inc.'s birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Apple Inc.'s peer average final assessment score stands on 68, Apple Inc.'s score is 75 out of 100.

  •  AAPL
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow General Factors Final Assessment mc_sort Hidden
Microsoft Corporation 2.3T 52 62 76 82 72 0 1
Alphabet Inc. 1.8T 81 66 75 83 82 1 1
Amazon.com, Inc. 1.6T 58 67 60 73 61 2 1
Tesla, Inc. 1.0T 65 66 75 92 79 3 1
Meta Platforms, Inc. 889.0B 77 65 72 63 71 4 1
NVIDIA Corporation 626.7B 54 63 76 92 78 5 1
Tencent Holdings Limited 557.8B 79 62 66 62 69 6 1
Visa Inc. 452.7B 81 75 57 63 75 7 1
JPMorgan Chase & Co. 438.5B 76 69 50 69 76 8 1
Samsung Electronics Co., Ltd. 434.6B 74 76 76 76 84 9 1
Mastercard Incorporated 354.4B 66 66 74 77 77 10 1
Alibaba Group Holding Limited 346.3B 79 61 63 49 56 11 1
Toyota Motor Corporation 279.4B 69 73 75 83 78 12 1
The Walt Disney Company 273.3B 82 69 65 58 70 13 1
Broadcom Inc. 232.8B 62 75 53 81 73 14 1
Comcast Corporation 230.0B 72 65 77 71 74 15 1
NIKE, Inc. 229.5B 49 65 97 95 79 16 1
Netflix, Inc. 228.5B 65 68 42 88 67 17 1
Verizon Communications Inc. 224.6B 74 69 68 78 76 18 1
Oracle Corporation 222.7B 69 62 95 40 67 19 1
Intel Corporation 218.1B 72 77 79 75 84 20 1
Costco Wholesale Corporation 217.4B 88 68 41 89 82 21 1
PayPal Holdings, Inc. 203.9B 63 70 65 72 72 22 1
AT&T Inc. 194.8B 80 79 61 58 71 23 1
QUALCOMM Incorporated 193.2B 70 75 55 88 80 24 1
Tata Consultancy Services Limited 192.7B 56 69 65 83 73 25 1
SAP SE 166.1B 52 70 67 79 69 26 1
Texas Instruments Incorporated 164.7B 70 69 82 79 84 27 1
Advanced Micro Devices, Inc. 154.9B 83 62 68 75 82 28 1
Honeywell International Inc. 145.1B 76 71 76 56 74 29 1
Volkswagen AG 138.2B 58 74 73 68 65 30 1
T-Mobile US, Inc. 131.6B 56 69 65 59 60 31 1
Siemens Aktiengesellschaft 130.9B 70 74 50 74 72 32 1
Charter Communications, Inc. 118.5B 76 68 79 60 73 33 1
International Business Machines Corporation 118.0B 63 72 55 64 64 34 1
Target Corporation 107.2B 74 69 73 63 67 35 1
Micron Technology, Inc. 100.8B 83 76 64 76 85 36 1
Booking Holdings Inc. 97.6B 55 63 89 75 67 37 1
Airbnb, Inc. 96.8B 54 47 78 80 61 38 1
Daimler AG 92.2B 64 76 70 76 72 39 1
Ford Motor Company 89.7B 74 71 58 87 77 40 1
Analog Devices, Inc. 85.7B 73 74 43 75 72 41 1
U.S. Bancorp 85.1B 69 68 64 66 70 42 1
General Motors Company 81.7B 50 76 64 79 66 43 1
SK hynix Inc. 73.9B 71 65 80 84 85 44 1
Bayerische Motoren Werke Aktiengesellschaft 73.7B 69 72 79 71 72 45 1
Dassault Systèmes SE 70.4B 58 77 70 86 79 46 1
NetEase, Inc. 67.3B 67 65 77 59 68 47 1
Adyen N.V. 66.7B 59 64 76 80 67 48 1
Activision Blizzard, Inc. 64.0B 63 67 83 71 73 49 1
MediaTek Inc. 63.0B 46 66 54 79 61 50 1
General Dynamics Corporation 58.6B 71 72 80 74 82 51 1
Xiaomi Corporation 58.5B 76 65 75 71 72 52 1
Snap Inc. 56.4B 62 58 49 70 58 53 1
NXP Semiconductors N.V. 56.1B 70 72 64 62 70 54 1
Infineon Technologies AG 55.8B 66 76 54 89 79 55 1
Baidu, Inc. 53.8B 65 60 70 50 59 56 1
VMware, Inc. 52.2B 75 70 65 73 78 57 1
AB Volvo (publ) 51.7B 44 70 53 75 63 58 1
Mitsubishi Corporation 51.6B 72 72 67 71 70 59 1
Zoom Video Communications, Inc. 46.9B 58 65 67 75 70 60 1
Roblox Corporation 44.1B 86 56 61 75 73 61 1
Vodafone Group Public Limited Company 44.0B 49 73 86 63 67 62 1
Banco Bilbao Vizcaya Argentaria, S.A. 43.8B 71 69 39 91 86 63 1
Paychex, Inc. 43.8B 58 62 95 79 80 64 1
STMicroelectronics N.V. 43.3B 57 72 84 65 72 65 1
Global Payments Inc. 42.3B 86 72 67 54 75 66 1
NAVER Corporation 42.0B 74 66 67 68 71 67 1
Spotify Technology S.A. 39.7B 59 84 71 59 68 68 1
HP Inc. 39.6B 87 77 60 58 77 69 1
Aptiv PLC 39.5B 56 70 55 71 59 70 1
Electronic Arts Inc. 38.7B 68 65 69 71 70 71 1
Telstra Corporation Limited 36.3B 80 77 55 69 72 72 1
Hyundai Motor Company 36.1B 68 74 81 81 85 73 1
Kakao Corp. 33.2B 94 60 61 70 76 74 1
Fujitsu Limited 31.8B 69 75 67 63 72 75 1
Woolworths Group Limited 31.0B 70 69 46 87 64 76 1
Okta, Inc. 30.7B 72 63 64 57 66 77 1
Koninklijke Philips N.V. 30.3B 62 62 72 67 63 78 1
Twitter, Inc. 29.8B 43 62 87 44 55 79 1
ANSYS, Inc. 29.4B 63 68 71 74 74 80 1
Willis Towers Watson Public Limited Company 28.2B 68 78 83 68 76 81 1
AppLovin Corporation 26.2B 59 50 77 69 66 82 1
CDW Corporation 25.7B 83 71 62 59 75 83 1
ON Semiconductor Corporation 25.4B 56 69 82 94 84 84 1
Garmin Ltd. 25.2B 58 69 72 77 67 85 1
Live Nation Entertainment, Inc. 25.0B 65 42 89 64 66 86 1
Sirius XM Holdings Inc. 24.4B 61 64 70 75 68 87 1
Best Buy Co., Inc. 23.9B 77 76 79 71 77 88 1
Renesas Electronics Corporation 23.6B 71 68 67 85 82 89 1
ViacomCBS Inc. 22.9B 77 64 52 61 63 90 1
Seagate Technology Holdings plc 22.8B 69 62 75 59 69 91 1
Hewlett Packard Enterprise Company 21.7B 60 88 69 86 83 92 1
Nexi S.p.A. 21.0B 77 65 79 65 72 93 1
Pinterest, Inc. 20.6B 83 67 94 76 87 94 1
NetApp, Inc. 19.9B 67 74 69 85 82 95 1
Western Digital Corporation 19.3B 47 62 81 69 65 96 1
Trimble Inc. 18.6B 72 72 61 71 75 97 1

Balance Sheet Analysis

Probing the balance sheet shone a spotlight on a number of critical results that provide meaningful signals in the next 3 months or longer. Its valuable to highlight that balance sheet factors are responsible for up to 34.1% of the probability that the company will beat the market in the course of the near term. In particular, diving into Apple Inc.'s debt service capabilities signals positive results going into cash and cash equivalents. Generally, the debt service capabilities factors will contribute up to 1.1% of the chances of a company to over-perform. Further, their assets implies strong developments with respect to assets changes. The strength of a company's assets affect up to 9.1% of the probability that the company will beat the market. Drilling down further into the company's debt structure reveals solid performance going into liabilities movement. Statistically, the debt structure factors influence approximately up to 9.1% of a company's likelihood to over-perform. Moreover, their conveys remarkable results related to shareholders' equity and intangible assets adjustments. Intangible assets and technical changes influence 14.8% of the probability that a company will beat the market in the course of the next quarter. Our bottom line evaluation of Apple Inc.'s balance sheet produced the total score of 91.

Parameter Value Change Score
Assets 351,002.0 6% 84
Capital Expenditure -3,223.0 67% 97
Cash & Equivalents 34,940.0 3% 74
Equity 63,090.0 -2% 92
Liabilities 287,912.0 8% 84
* All values are TTM

The below chart describes Apple Inc.'s performance as reflected on its balance sheet with respect to its peers. While Apple Inc. received a balance sheet score of 91 out of 100, the average of its peers stands on 65 out of 100.

  •  AAPL
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Capital Expenditure Growth Balance Sheet mc_sort Hidden
Microsoft Corporation 2.3T 47 47 62 92 39 52 0 1
Alphabet Inc. 1.8T 84 84 88 69 61 81 1 1
Amazon.com, Inc. 1.6T 76 76 47 46 61 58 2 1
Tesla, Inc. 1.0T 84 84 41 66 59 65 3 1
Meta Platforms, Inc. 889.0B 90 90 74 54 65 77 4 1
NVIDIA Corporation 626.7B 48 48 53 37 90 54 5 1
Tencent Holdings Limited 557.8B 81 81 60 85 80 79 6 1
Visa Inc. 452.7B 66 66 88 56 96 81 7 1
JPMorgan Chase & Co. 438.5B 68 68 80 77 68 76 8 1
Samsung Electronics Co., Ltd. 434.6B 86 86 60 79 64 74 9 1
Mastercard Incorporated 354.4B 65 65 70 75 53 66 10 1
Alibaba Group Holding Limited 346.3B 76 76 93 59 91 79 11 1
Toyota Motor Corporation 279.4B 57 57 93 66 69 69 12 1
The Walt Disney Company 273.3B 76 76 65 65 96 82 13 1
Broadcom Inc. 232.8B 53 53 60 82 97 62 14 1
Comcast Corporation 230.0B 55 55 81 59 82 72 15 1
NIKE, Inc. 229.5B 42 42 48 79 38 49 16 1
Netflix, Inc. 228.5B 71 71 73 61 54 65 17 1
Verizon Communications Inc. 224.6B 70 70 73 95 64 74 18 1
Oracle Corporation 222.7B 55 55 98 45 38 69 19 1
Intel Corporation 218.1B 88 88 50 94 66 72 20 1
Costco Wholesale Corporation 217.4B 73 73 90 76 96 88 21 1
PayPal Holdings, Inc. 203.9B 56 56 64 92 77 63 22 1
AT&T Inc. 194.8B 64 64 61 94 96 80 23 1
QUALCOMM Incorporated 193.2B 69 69 58 63 97 70 24 1
Tata Consultancy Services Limited 192.7B 53 53 56 46 69 56 25 1
SAP SE 166.1B 51 51 49 74 63 52 26 1
Texas Instruments Incorporated 164.7B 90 90 49 94 48 70 27 1
Advanced Micro Devices, Inc. 154.9B 86 86 81 58 68 83 28 1
Honeywell International Inc. 145.1B 73 73 92 64 78 76 29 1
Volkswagen AG 138.2B 53 53 70 46 77 58 30 1
T-Mobile US, Inc. 131.6B 49 49 61 38 79 56 31 1
Siemens Aktiengesellschaft 130.9B 61 61 85 55 95 70 32 1
Charter Communications, Inc. 118.5B 82 82 72 37 79 76 33 1
International Business Machines Corporation 118.0B 52 52 67 72 84 63 34 1
Target Corporation 107.2B 92 92 95 48 53 74 35 1
Micron Technology, Inc. 100.8B 84 84 70 71 97 83 36 1
Booking Holdings Inc. 97.6B 42 42 52 74 68 55 37 1
Airbnb, Inc. 96.8B 37 37 41 77 82 54 38 1
Daimler AG 92.2B 77 77 54 45 81 64 39 1
Ford Motor Company 89.7B 77 77 50 94 66 74 40 1
Analog Devices, Inc. 85.7B 93 93 37 91 94 73 41 1
U.S. Bancorp 85.1B 65 65 59 91 68 69 42 1
General Motors Company 81.7B 53 53 53 42 66 50 43 1
SK hynix Inc. 73.9B 81 81 56 76 69 71 44 1
Bayerische Motoren Werke Aktiengesellschaft 73.7B 60 60 70 87 61 69 45 1
Dassault Systèmes SE 70.4B 49 49 63 57 77 58 46 1
NetEase, Inc. 67.3B 59 59 74 93 59 67 47 1
Adyen N.V. 66.7B 70 70 47 82 42 59 48 1
Activision Blizzard, Inc. 64.0B 48 48 67 74 78 63 49 1
MediaTek Inc. 63.0B 40 40 57 45 45 46 50 1
General Dynamics Corporation 58.6B 55 55 88 77 77 71 51 1
Xiaomi Corporation 58.5B 82 82 57 57 87 76 52 1
Snap Inc. 56.4B 64 64 69 61 59 62 53 1
NXP Semiconductors N.V. 56.1B 67 67 81 46 48 70 54 1
Infineon Technologies AG 55.8B 70 70 50 56 94 66 55 1
Baidu, Inc. 53.8B 80 80 43 64 74 65 56 1
VMware, Inc. 52.2B 94 94 49 95 65 75 57 1
AB Volvo (publ) 51.7B 40 40 68 39 59 44 58 1
Mitsubishi Corporation 51.6B 64 64 90 68 77 72 59 1
Zoom Video Communications, Inc. 46.9B 64 64 45 42 79 58 60 1
Roblox Corporation 44.1B 82 82 70 77 90 86 61 1
Vodafone Group Public Limited Company 44.0B 66 66 49 68 40 49 62 1
Banco Bilbao Vizcaya Argentaria, S.A. 43.8B 58 58 80 63 97 71 63 1
Paychex, Inc. 43.8B 64 64 58 83 38 58 64 1
STMicroelectronics N.V. 43.3B 43 43 75 49 63 57 65 1
Global Payments Inc. 42.3B 79 79 92 90 69 86 66 1
NAVER Corporation 42.0B 79 79 65 45 83 74 67 1
Spotify Technology S.A. 39.7B 73 73 46 72 59 59 68 1
HP Inc. 39.6B 69 69 99 89 96 87 69 1
Aptiv PLC 39.5B 57 57 56 59 61 56 70 1
Electronic Arts Inc. 38.7B 75 75 85 39 54 68 71 1
Telstra Corporation Limited 36.3B 67 67 80 59 94 80 72 1
Hyundai Motor Company 36.1B 52 52 71 68 85 68 73 1
Kakao Corp. 33.2B 95 95 72 82 91 94 74 1
Fujitsu Limited 31.8B 59 59 81 48 68 69 75 1
Woolworths Group Limited 31.0B 93 93 60 45 93 70 76 1
Okta, Inc. 30.7B 75 75 70 94 55 72 77 1
Koninklijke Philips N.V. 30.3B 60 60 60 40 86 62 78 1
Twitter, Inc. 29.8B 52 52 45 50 56 43 79 1
ANSYS, Inc. 29.4B 58 58 65 84 71 63 80 1
Willis Towers Watson Public Limited Company 28.2B 47 47 90 63 85 68 81 1
AppLovin Corporation 26.2B 49 49 59 53 95 59 82 1
CDW Corporation 25.7B 71 71 97 38 82 83 83 1
ON Semiconductor Corporation 25.4B 61 61 48 90 59 56 84 1
Garmin Ltd. 25.2B 50 50 56 68 70 58 85 1
Live Nation Entertainment, Inc. 25.0B 81 81 39 83 69 65 86 1
Sirius XM Holdings Inc. 24.4B 41 41 86 37 77 61 87 1
Best Buy Co., Inc. 23.9B 89 89 96 49 66 77 88 1
Renesas Electronics Corporation 23.6B 96 96 47 37 49 71 89 1
ViacomCBS Inc. 22.9B 72 72 62 54 97 77 90 1
Seagate Technology Holdings plc 22.8B 56 56 95 48 38 69 91 1
Hewlett Packard Enterprise Company 21.7B 50 50 60 43 96 60 92 1
Nexi S.p.A. 21.0B 90 90 65 98 41 77 93 1
Pinterest, Inc. 20.6B 79 79 67 85 85 83 94 1
NetApp, Inc. 19.9B 63 63 66 71 79 67 95 1
Western Digital Corporation 19.3B 51 51 48 64 40 47 96 1
Trimble Inc. 18.6B 58 58 80 79 89 72 97 1

Income Statement Analysis

Reviewing Apple Inc.'s income statement focused our attention on several specific metrics that typically have the greatest effect on company performance for the current market. Taking in consideration their net income shows modest sentiment concerning earnings movement. Statistically, the company's net income will impact around 19.5% of the likelihood that a company will beat the market Second, the company's cost of sales shows impressive momentum with respect to capital expenditure growth. Typically, a Company's cost of sales are responsible for up to 7.9% of a company's likelihood to beat the market. Reviewing their revenue reveals exceptional execution in terms of revenue momentum. Revenue momentum affects up to 11.6% of the chances of the company to beat the market in the near term. Bottom line, our bottom line assessment of their income statement produced the score of 75.

Parameter Value Change Score
EBITDA 30,425.0 -73% 63
Total Revenues 83,360.0 -76% 99
* All values are TTM

The below chart describes Apple Inc.'s performance as reflected on its income statement with respect to its peers. While Apple Inc. received a income statement score of 75 out of 100, the average of its peers stands on 67 out of 100.

  •  AAPL
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Income Statement mc_sort Hidden
Microsoft Corporation 2.3T 38 93 62 0 1
Alphabet Inc. 1.8T 53 75 66 1 1
Amazon.com, Inc. 1.6T 63 63 67 2 1
Tesla, Inc. 1.0T 46 80 66 3 1
Meta Platforms, Inc. 889.0B 55 73 65 4 1
NVIDIA Corporation 626.7B 48 85 63 5 1
Tencent Holdings Limited 557.8B 66 62 62 6 1
Visa Inc. 452.7B 97 62 75 7 1
JPMorgan Chase & Co. 438.5B 68 67 69 8 1
Samsung Electronics Co., Ltd. 434.6B 73 83 76 9 1
Mastercard Incorporated 354.4B 57 83 66 10 1
Alibaba Group Holding Limited 346.3B 54 61 61 11 1
Toyota Motor Corporation 279.4B 66 70 73 12 1
The Walt Disney Company 273.3B 97 54 69 13 1
Broadcom Inc. 232.8B 98 63 75 14 1
Comcast Corporation 230.0B 61 69 65 15 1
NIKE, Inc. 229.5B 38 86 65 16 1
Netflix, Inc. 228.5B 63 72 68 17 1
Verizon Communications Inc. 224.6B 75 67 69 18 1
Oracle Corporation 222.7B 38 93 62 19 1
Intel Corporation 218.1B 79 80 77 20 1
Costco Wholesale Corporation 217.4B 97 66 68 21 1
PayPal Holdings, Inc. 203.9B 72 76 70 22 1
AT&T Inc. 194.8B 89 72 79 23 1
QUALCOMM Incorporated 193.2B 97 62 75 24 1
Tata Consultancy Services Limited 192.7B 68 78 69 25 1
SAP SE 166.1B 79 71 70 26 1
Texas Instruments Incorporated 164.7B 64 81 69 27 1
Advanced Micro Devices, Inc. 154.9B 48 85 62 28 1
Honeywell International Inc. 145.1B 72 66 71 29 1
Volkswagen AG 138.2B 84 53 74 30 1
T-Mobile US, Inc. 131.6B 80 64 69 31 1
Siemens Aktiengesellschaft 130.9B 98 50 74 32 1
Charter Communications, Inc. 118.5B 69 69 68 33 1
International Business Machines Corporation 118.0B 83 70 72 34 1
Target Corporation 107.2B 64 65 69 35 1
Micron Technology, Inc. 100.8B 97 64 76 36 1
Booking Holdings Inc. 97.6B 42 77 63 37 1
Airbnb, Inc. 96.8B 43 48 47 38 1
Daimler AG 92.2B 87 53 76 39 1
Ford Motor Company 89.7B 84 47 71 40 1
Analog Devices, Inc. 85.7B 97 62 74 41 1
U.S. Bancorp 85.1B 61 67 68 42 1
General Motors Company 81.7B 92 48 76 43 1
SK hynix Inc. 73.9B 48 88 65 44 1
Bayerische Motoren Werke Aktiengesellschaft 73.7B 73 62 72 45 1
Dassault Systèmes SE 70.4B 72 85 77 46 1
NetEase, Inc. 67.3B 64 68 65 47 1
Adyen N.V. 66.7B 44 75 64 48 1
Activision Blizzard, Inc. 64.0B 74 64 67 49 1
MediaTek Inc. 63.0B 54 86 66 50 1
General Dynamics Corporation 58.6B 80 62 72 51 1
Xiaomi Corporation 58.5B 54 68 65 52 1
Snap Inc. 56.4B 49 67 58 53 1
NXP Semiconductors N.V. 56.1B 60 88 72 54 1
Infineon Technologies AG 55.8B 98 63 76 55 1
Baidu, Inc. 53.8B 63 62 60 56 1
VMware, Inc. 52.2B 73 75 70 57 1
AB Volvo (publ) 51.7B 71 65 70 58 1
Mitsubishi Corporation 51.6B 80 67 72 59 1
Zoom Video Communications, Inc. 46.9B 55 83 65 60 1
Roblox Corporation 44.1B 46 66 56 61 1
Vodafone Group Public Limited Company 44.0B 40 94 73 62 1
Banco Bilbao Vizcaya Argentaria, S.A. 43.8B 61 68 69 63 1
Paychex, Inc. 43.8B 37 93 62 64 1
STMicroelectronics N.V. 43.3B 66 84 72 65 1
Global Payments Inc. 42.3B 69 80 72 66 1
NAVER Corporation 42.0B 58 73 66 67 1
Spotify Technology S.A. 39.7B 57 99 84 68 1
HP Inc. 39.6B 98 65 77 69 1
Aptiv PLC 39.5B 80 51 70 70 1
Electronic Arts Inc. 38.7B 49 77 65 71 1
Telstra Corporation Limited 36.3B 97 59 77 72 1
Hyundai Motor Company 36.1B 71 72 74 73 1
Kakao Corp. 33.2B 48 70 60 74 1
Fujitsu Limited 31.8B 80 76 75 75 1
Woolworths Group Limited 31.0B 97 39 69 76 1
Okta, Inc. 30.7B 46 87 63 77 1
Koninklijke Philips N.V. 30.3B 47 64 62 78 1
Twitter, Inc. 29.8B 54 69 62 79 1
ANSYS, Inc. 29.4B 67 77 68 80 1
Willis Towers Watson Public Limited Company 28.2B 73 75 78 81 1
AppLovin Corporation 26.2B 43 73 50 82 1
CDW Corporation 25.7B 73 77 71 83 1
ON Semiconductor Corporation 25.4B 56 88 69 84 1
Garmin Ltd. 25.2B 71 57 69 85 1
Live Nation Entertainment, Inc. 25.0B 38 50 42 86 1
Sirius XM Holdings Inc. 24.4B 69 63 64 87 1
Best Buy Co., Inc. 23.9B 77 64 76 88 1
Renesas Electronics Corporation 23.6B 49 91 68 89 1
ViacomCBS Inc. 22.9B 66 64 64 90 1
Seagate Technology Holdings plc 22.8B 38 93 62 91 1
Hewlett Packard Enterprise Company 21.7B 98 79 88 92 1
Nexi S.p.A. 21.0B 46 74 65 93 1
Pinterest, Inc. 20.6B 53 76 67 94 1
NetApp, Inc. 19.9B 74 81 74 95 1
Western Digital Corporation 19.3B 38 92 62 96 1
Trimble Inc. 18.6B 71 79 72 97 1

Cash Flow Analysis

Examination of Apple Inc.'s cash flow underlined several specific metrics that provide meaningful signals for the upcoming quarter. Drilling into Apple Inc.'s flow of cash coming from operations, finance, and investments signals below average results with respect to cash flow momentum. Typically, the flow of cash coming from operations, finance, and investments factors can be responsible for up to 1.5% of the company's likelihood to over-perform. Moreover, Apple Inc.'s net cash flow signals unremarkable execution with respect to free cash flow growth. Typically, these factors influence around 6.4% of the likelihood that the company will over-perform its benchmark during the upcoming quarter. Our bottom line evaluation of the companys cash flow produced a total score of 45.

Parameter Value Change Score
Free Cashflow 1.03 -82% 45
Cashflow 653.0 176% 50
* All values are TTM

The below chart describes Apple Inc.'s performance as reflected on its cash flow with respect to its peers. While Apple Inc. received a cash flow score of 45 out of 100, the average of its peers stands on 66 out of 100.

  •  AAPL
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Cash Flow mc_sort Hidden
Microsoft Corporation 2.3T 71 95 76 0 1
Alphabet Inc. 1.8T 69 81 75 1 1
Amazon.com, Inc. 1.6T 64 41 60 2 1
Tesla, Inc. 1.0T 75 68 75 3 1
Meta Platforms, Inc. 889.0B 64 80 72 4 1
NVIDIA Corporation 626.7B 78 74 76 5 1
Tencent Holdings Limited 557.8B 65 64 66 6 1
Visa Inc. 452.7B 64 46 57 7 1
JPMorgan Chase & Co. 438.5B 50 50 50 8 1
Samsung Electronics Co., Ltd. 434.6B 77 75 76 9 1
Mastercard Incorporated 354.4B 74 77 74 10 1
Alibaba Group Holding Limited 346.3B 61 68 63 11 1
Toyota Motor Corporation 279.4B 77 61 75 12 1
The Walt Disney Company 273.3B 54 78 65 13 1
Broadcom Inc. 232.8B 60 45 53 14 1
Comcast Corporation 230.0B 72 79 77 15 1
NIKE, Inc. 229.5B 96 95 97 16 1
Netflix, Inc. 228.5B 42 41 42 17 1
Verizon Communications Inc. 224.6B 69 61 68 18 1
Oracle Corporation 222.7B 94 95 95 19 1
Intel Corporation 218.1B 81 74 79 20 1
Costco Wholesale Corporation 217.4B 41 43 41 21 1
PayPal Holdings, Inc. 203.9B 65 73 65 22 1
AT&T Inc. 194.8B 60 58 61 23 1
QUALCOMM Incorporated 193.2B 62 43 55 24 1
Tata Consultancy Services Limited 192.7B 67 65 65 25 1
SAP SE 166.1B 70 64 67 26 1
Texas Instruments Incorporated 164.7B 84 76 82 27 1
Advanced Micro Devices, Inc. 154.9B 66 80 68 28 1
Honeywell International Inc. 145.1B 76 75 76 29 1
Volkswagen AG 138.2B 72 69 73 30 1
T-Mobile US, Inc. 131.6B 66 61 65 31 1
Siemens Aktiengesellschaft 130.9B 50 49 50 32 1
Charter Communications, Inc. 118.5B 75 81 79 33 1
International Business Machines Corporation 118.0B 56 61 55 34 1
Target Corporation 107.2B 73 68 73 35 1
Micron Technology, Inc. 100.8B 56 95 64 36 1
Booking Holdings Inc. 97.6B 88 89 89 37 1
Airbnb, Inc. 96.8B 79 68 78 38 1
Daimler AG 92.2B 69 69 70 39 1
Ford Motor Company 89.7B 57 58 58 40 1
Analog Devices, Inc. 85.7B 47 46 43 41 1
U.S. Bancorp 85.1B 65 62 64 42 1
General Motors Company 81.7B 53 98 64 43 1
SK hynix Inc. 73.9B 76 95 80 44 1
Bayerische Motoren Werke Aktiengesellschaft 73.7B 79 72 79 45 1
Dassault Systèmes SE 70.4B 71 74 70 46 1
NetEase, Inc. 67.3B 76 74 77 47 1
Adyen N.V. 66.7B 70 90 76 48 1
Activision Blizzard, Inc. 64.0B 81 81 83 49 1
MediaTek Inc. 63.0B 60 49 54 50 1
General Dynamics Corporation 58.6B 81 78 80 51 1
Xiaomi Corporation 58.5B 73 77 75 52 1
Snap Inc. 56.4B 53 40 49 53 1
NXP Semiconductors N.V. 56.1B 63 77 64 54 1
Infineon Technologies AG 55.8B 61 45 54 55 1
Baidu, Inc. 53.8B 68 69 70 56 1
VMware, Inc. 52.2B 65 72 65 57 1
AB Volvo (publ) 51.7B 56 46 53 58 1
Mitsubishi Corporation 51.6B 65 68 67 59 1
Zoom Video Communications, Inc. 46.9B 70 64 67 60 1
Roblox Corporation 44.1B 64 53 61 61 1
Vodafone Group Public Limited Company 44.0B 81 89 86 62 1
Banco Bilbao Vizcaya Argentaria, S.A. 43.8B 41 37 39 63 1
Paychex, Inc. 43.8B 94 95 95 64 1
STMicroelectronics N.V. 43.3B 84 85 84 65 1
Global Payments Inc. 42.3B 65 79 67 66 1
NAVER Corporation 42.0B 68 60 67 67 1
Spotify Technology S.A. 39.7B 73 63 71 68 1
HP Inc. 39.6B 66 51 60 69 1
Aptiv PLC 39.5B 55 53 55 70 1
Electronic Arts Inc. 38.7B 69 64 69 71 1
Telstra Corporation Limited 36.3B 60 46 55 72 1
Hyundai Motor Company 36.1B 82 74 81 73 1
Kakao Corp. 33.2B 59 61 61 74 1
Fujitsu Limited 31.8B 72 59 67 75 1
Woolworths Group Limited 31.0B 47 43 46 76 1
Okta, Inc. 30.7B 67 61 64 77 1
Koninklijke Philips N.V. 30.3B 70 74 72 78 1
Twitter, Inc. 29.8B 86 83 87 79 1
ANSYS, Inc. 29.4B 71 76 71 80 1
Willis Towers Watson Public Limited Company 28.2B 76 90 83 81 1
AppLovin Corporation 26.2B 78 77 77 82 1
CDW Corporation 25.7B 61 75 62 83 1
ON Semiconductor Corporation 25.4B 82 82 82 84 1
Garmin Ltd. 25.2B 71 69 72 85 1
Live Nation Entertainment, Inc. 25.0B 82 94 89 86 1
Sirius XM Holdings Inc. 24.4B 66 72 70 87 1
Best Buy Co., Inc. 23.9B 78 77 79 88 1
Renesas Electronics Corporation 23.6B 70 66 67 89 1
ViacomCBS Inc. 22.9B 56 45 52 90 1
Seagate Technology Holdings plc 22.8B 69 95 75 91 1
Hewlett Packard Enterprise Company 21.7B 65 89 69 92 1
Nexi S.p.A. 21.0B 81 68 79 93 1
Pinterest, Inc. 20.6B 92 89 94 94 1
NetApp, Inc. 19.9B 69 76 69 95 1
Western Digital Corporation 19.3B 79 87 81 96 1
Trimble Inc. 18.6B 62 66 61 97 1

General & Ratios Analysis

Our holistic analysis of the most critical factors in these reports makes up our bird's eye view of the company's financial health for the coming months. Drilling into the company's metrics in relation to general factors signals middle of the road results going into macroeconomic environment. Further, looking at their health and sustainability forecasts modest sentiment related to book value momentum. Typically, these factors will influence up to 26.6% of the likelihood that the company will over-perform. Looking at reviewing Apple Inc.'s capital efficiency conveys uninspired results with connection to assets factors momentum. Generally, the capital efficiency factors will influence up to 1.8% of the likelihood that a company will over-perform for the current market. Perhaps most unappreciated, our analysis of investors' interest indicates average performance with connection to return factors momentum. Generally, these factors impact up to 4.8% of the chances of a company to beat the market in the coming months. Last, taking in consideration Apple Inc.'s capital efficiency implies uninspired results with connection to assets factors momentum. Typically, the capital efficiency factors will contribute up to 1.8% of the likelihood that the company will beat its benchmark performance during the next quarter. With all factors considered, our analysis of Apple Inc.'s general factors and ratios deserved the cumulative strength of 61.

Parameter Value Change Score
Asset Turnover 0.98 -9% 56
Price to Book 44.78 29% 63
Return on Equity 129.08 2% 57
* All values are TTM

The below chart describes Apple Inc.'s performance as reflected on its Financial Ratios with respect to its peers. While Apple Inc. received a Financial Ratios score of 61 out of 100, the average of its peers stands on 68 out of 100.

  •  AAPL
  •  Peers average
Name Market Cap Macro Environment Book Value Momentum Return Factors Momentum Assets Factors Momentum General Factors mc_sort Hidden
Microsoft Corporation 2.3T 57 86 63 64 82 0 1
Alphabet Inc. 1.8T 75 82 83 63 83 1 1
Amazon.com, Inc. 1.6T 54 71 56 71 73 2 1
Tesla, Inc. 1.0T 54 93 85 58 92 3 1
Meta Platforms, Inc. 889.0B 75 60 77 56 63 4 1
NVIDIA Corporation 626.7B 57 94 77 87 92 5 1
Tencent Holdings Limited 557.8B 75 58 66 78 62 6 1
Visa Inc. 452.7B 57 57 76 76 63 7 1
JPMorgan Chase & Co. 438.5B 68 68 70 69 69 8 1
Samsung Electronics Co., Ltd. 434.6B 57 77 69 58 76 9 1
Mastercard Incorporated 354.4B 57 77 73 80 77 10 1
Alibaba Group Holding Limited 346.3B 54 46 54 53 49 11 1
Toyota Motor Corporation 279.4B 54 83 75 60 83 12 1
The Walt Disney Company 273.3B 75 61 49 62 58 13 1
Broadcom Inc. 232.8B 57 77 83 92 81 14 1
Comcast Corporation 230.0B 75 63 84 87 71 15 1
NIKE, Inc. 229.5B 54 90 79 84 95 16 1
Netflix, Inc. 228.5B 75 91 77 58 88 17 1
Verizon Communications Inc. 224.6B 75 74 78 79 78 18 1
Oracle Corporation 222.7B 57 37 51 50 40 19 1
Intel Corporation 218.1B 57 77 61 68 75 20 1
Costco Wholesale Corporation 217.4B 47 86 93 38 89 21 1
PayPal Holdings, Inc. 203.9B 57 73 66 70 72 22 1
AT&T Inc. 194.8B 75 60 56 54 58 23 1
QUALCOMM Incorporated 193.2B 57 92 70 69 88 24 1
Tata Consultancy Services Limited 192.7B 57 87 65 70 83 25 1
SAP SE 166.1B 57 82 63 76 79 26 1
Texas Instruments Incorporated 164.7B 57 81 68 66 79 27 1
Advanced Micro Devices, Inc. 154.9B 57 72 78 70 75 28 1
Honeywell International Inc. 145.1B 45 51 80 60 56 29 1
Volkswagen AG 138.2B 54 60 75 68 68 30 1
T-Mobile US, Inc. 131.6B 75 61 57 55 59 31 1
Siemens Aktiengesellschaft 130.9B 45 81 69 44 74 32 1
Charter Communications, Inc. 118.5B 75 54 87 52 60 33 1
International Business Machines Corporation 118.0B 57 62 66 69 64 34 1
Target Corporation 107.2B 54 52 82 68 63 35 1
Micron Technology, Inc. 100.8B 57 71 85 79 76 36 1
Booking Holdings Inc. 97.6B 54 80 49 59 75 37 1
Airbnb, Inc. 96.8B 54 75 91 59 80 38 1
Daimler AG 92.2B 54 72 57 79 76 39 1
Ford Motor Company 89.7B 54 92 56 68 87 40 1
Analog Devices, Inc. 85.7B 57 82 51 61 75 41 1
U.S. Bancorp 85.1B 68 64 70 69 66 42 1
General Motors Company 81.7B 54 77 56 78 79 43 1
SK hynix Inc. 73.9B 57 81 83 87 84 44 1
Bayerische Motoren Werke Aktiengesellschaft 73.7B 54 65 77 65 71 45 1
Dassault Systèmes SE 70.4B 57 87 77 69 86 46 1
NetEase, Inc. 67.3B 75 59 62 63 59 47 1
Adyen N.V. 66.7B 57 80 71 85 80 48 1
Activision Blizzard, Inc. 64.0B 75 70 65 79 71 49 1
MediaTek Inc. 63.0B 57 76 80 89 79 50 1
General Dynamics Corporation 58.6B 45 75 66 71 74 51 1
Xiaomi Corporation 58.5B 57 67 77 70 71 52 1
Snap Inc. 56.4B 75 72 57 67 70 53 1
NXP Semiconductors N.V. 56.1B 57 55 82 71 62 54 1
Infineon Technologies AG 55.8B 57 88 85 78 89 55 1
Baidu, Inc. 53.8B 75 48 48 73 50 56 1
VMware, Inc. 52.2B 57 75 64 65 73 57 1
AB Volvo (publ) 51.7B 45 78 73 58 75 58 1
Mitsubishi Corporation 51.6B 45 71 68 56 71 59 1
Zoom Video Communications, Inc. 46.9B 57 77 65 67 75 60 1
Roblox Corporation 44.1B 75 74 69 69 75 61 1
Vodafone Group Public Limited Company 44.0B 75 58 82 60 63 62 1
Banco Bilbao Vizcaya Argentaria, S.A. 43.8B 68 95 71 69 91 63 1
Paychex, Inc. 43.8B 57 77 79 85 79 64 1
STMicroelectronics N.V. 43.3B 57 60 75 77 65 65 1
Global Payments Inc. 42.3B 57 47 72 77 54 66 1
NAVER Corporation 42.0B 75 67 75 58 68 67 1
Spotify Technology S.A. 39.7B 75 60 43 82 59 68 1
HP Inc. 39.6B 57 56 58 73 58 69 1
Aptiv PLC 39.5B 54 66 55 79 71 70 1
Electronic Arts Inc. 38.7B 75 68 87 56 71 71 1
Telstra Corporation Limited 36.3B 75 72 72 55 69 72 1
Hyundai Motor Company 36.1B 54 79 85 70 81 73 1
Kakao Corp. 33.2B 75 71 79 44 70 74 1
Fujitsu Limited 31.8B 57 59 70 67 63 75 1
Woolworths Group Limited 31.0B 47 99 60 98 87 76 1
Okta, Inc. 30.7B 57 48 79 77 57 77 1
Koninklijke Philips N.V. 30.3B 58 60 55 80 67 78 1
Twitter, Inc. 29.8B 75 43 47 67 44 79 1
ANSYS, Inc. 29.4B 57 73 70 78 74 80 1
Willis Towers Watson Public Limited Company 28.2B 68 62 82 89 68 81 1
AppLovin Corporation 26.2B 57 72 57 52 69 82 1
CDW Corporation 25.7B 57 55 69 61 59 83 1
ON Semiconductor Corporation 25.4B 57 94 84 89 94 84 1
Garmin Ltd. 25.2B 54 72 61 81 77 85 1
Live Nation Entertainment, Inc. 25.0B 75 64 44 94 64 86 1
Sirius XM Holdings Inc. 24.4B 75 72 88 58 75 87 1
Best Buy Co., Inc. 23.9B 54 59 76 81 71 88 1
Renesas Electronics Corporation 23.6B 57 87 79 54 85 89 1
ViacomCBS Inc. 22.9B 75 61 64 60 61 90 1
Seagate Technology Holdings plc 22.8B 57 59 61 53 59 91 1
Hewlett Packard Enterprise Company 21.7B 57 88 72 76 86 92 1
Nexi S.p.A. 21.0B 57 67 56 62 65 93 1
Pinterest, Inc. 20.6B 75 67 94 81 76 94 1
NetApp, Inc. 19.9B 57 86 76 70 85 95 1
Western Digital Corporation 19.3B 57 73 57 59 69 96 1
Trimble Inc. 18.6B 57 68 72 81 71 97 1

This report is intended for general guidance and information purposes only and under no circumstances is tailored to a specific factor or variable related to its reader or intended to be used or considered as financial or investment advice, a solicitation of any offer, a recommendation, or an offer to sell or buy any securities or other form of a financial asset. For the full disclaimer, click here.