Health Check
Apple holds over $162 billion in cash and marketable securities against $111 billion in total debt. Free cash flow exceeded $110 billion over the last twelve months, comfortably covering all debt obligations and shareholder returns.
Revenue grew 6.1% year-over-year to $391 billion, driven by Services revenue hitting record highs. iPhone revenue remained stable while Mac and iPad saw double-digit growth in the latest quarter.
At a P/E ratio of around 33, you are paying $33 for every $1 Apple earns. The average large company trades at about 22x earnings. Apple commands a premium because of its ecosystem and cash generation, but it is not cheap by historical standards.
Apple shares are trading above both their 50-day and 200-day moving averages, indicating a sustained uptrend. The stock has gained approximately 7% over the past three months, outperforming the broader market.
Recent analyst sentiment is strongly positive. Three major firms raised price targets following the Q1 earnings beat. The Vision Pro 2 announcement and continued AI integration across the product line have generated positive coverage.
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Financials
AAPL revenue from the latest annual FMP income statement.
AAPL diluted EPS from the latest annual FMP income statement.
AAPL operating cash flow from the latest annual FMP cash flow statement.
AAPL gross margin from FMP trailing-twelve-month ratios.