AAPL
Apple Inc.
AAPL has the edge over AIRG overall, supported by stronger fundamentals and lower modeled downside.
AIRG
Airgain, Inc.
AIRG offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
AAPL Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
AAPL's revenue, profitability, cash flow and balance sheet are all currently healthy.
AIRG Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Under pressure | |
| Under pressure | |
| Strong |
AIRG's balance sheet is currently strong, and its revenue is stable, but its profitability and cash flow are under pressure.
AAPL PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 26x | $230 | -35% |
| Fair | 31x | $279 | -21% |
| Expensive | 37x | $328 | -7.5% |
| Forward | 38x | $355 | — |
| Current | 40x | $355 | — |
Historical ranges are pointers, not guarantees.
AAPL's PE is in its expensive range at 40x. If earnings grow as analysts expect, today's price would be 38x next year's earnings.
AIRG PE Valuation
AIRG has no meaningful PE right now: it lost money over the past year. If it returns to profit as analysts expect, today's price would be 17x next year's earnings.
AAPL Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Growth | |
| Weakening | |
| Moderate | |
| Moderate |
Analysts expect earnings and revenue growth for AAPL, but weaker profitability.
AIRG Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
AIRG has the edge over AAPL on the outlook, with more favorable profitability expectations.
AAPL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $9.28 | +3.3% |
| Q3 2026 | $8.98 | +20% |
| Q2 2026 | $8.71 | +32% |
| Q1 2026 | $8.26 | +29% |
| Q4 2025 | $7.90 | +25% |
| Q3 2025 | $7.46 | +23% |
| Q2 2025 | $6.59 | +0.2% |
| Q1 2025 | $6.42 | -0.3% |
| Q4 2024 | $6.30 | -2% |
AAPL has the edge over AIRG on earnings quality, reporting a profit while its opponent remains loss making.
AIRG Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.21 | — |
| Q3 2026 | -$0.53 | -$0.03 |
| Q2 2026 | -$0.57 | +$0.01 |
| Q1 2026 | -$0.56 | +$0.13 |
| Q4 2025 | -$0.54 | +$0.25 |
| Q3 2025 | -$0.50 | +$0.65 |
| Q2 2025 | -$0.58 | +$0.59 |
| Q1 2025 | -$0.69 | +$0.46 |
| Q4 2024 | -$0.79 | +$0.41 |
AIRG is still losing money, but far less than before: $0.53 per share over the past year, against $1.28 at its worst in early 2022.
AAPL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $114.5B | +12% |
| Q2 2026 | $109.4B | +16% |
| Q1 2026 | $111.2B | +17% |
| Q4 2025 | $143.8B | +16% |
| Q3 2025 | $102.5B | +7.9% |
| Q2 2025 | $94B | +9.6% |
| Q1 2025 | $95.4B | +5.1% |
| Q4 2024 | $124.3B | +4% |
AAPL has the edge over AIRG on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 31% | -0.5 points |
| Q2 2026 | 33% | +2.6 points |
| Q1 2026 | 32% | +1.3 points |
| Q4 2025 | 35% | +0.9 points |
| Q3 2025 | 32% | +0.5 points |
| Q2 2025 | 30% | +0.4 points |
| Q1 2025 | 31% | +0.3 points |
| Q4 2024 | 34% | +0.7 points |
AAPL has the edge over AIRG on profitability, with a higher operating margin.
AIRG Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $15.3M | +9.3% |
| Q2 2026 | $13.7M | +0.6% |
| Q1 2026 | $11.5M | -4.2% |
| Q4 2025 | $12.1M | -20% |
| Q3 2025 | $14M | -13% |
| Q2 2025 | $13.6M | -10% |
| Q1 2025 | $12M | -16% |
| Q4 2024 | $15.1M | +50% |
AIRG's revenue is recovering but still below its 2022 peak: $15M last quarter, up 9.3% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -3% | +3.9 points |
| Q2 2026 | -12% | +2.4 points |
| Q1 2026 | -18% | +7.4 points |
| Q4 2025 | -20% | -6.8 points |
| Q3 2025 | -6.9% | +4.4 points |
| Q2 2025 | -15% | +1.8 points |
| Q1 2025 | -26% | -7.3 points |
| Q4 2024 | -13% | +41 points |
AIRG's operating margin was −3% last quarter, up 3.9 points from the same quarter a year ago.
AAPL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $25.9B | -2.4% |
| Q2 2026 | $31.9B | +31% |
| Q1 2026 | $26.7B | +28% |
| Q4 2025 | $51.6B | +91% |
| Q3 2025 | $26.5B | +11% |
| Q2 2025 | $24.4B | -8.6% |
| Q1 2025 | $20.9B | +0.9% |
| Q4 2024 | $27B | -28% |
AAPL has the edge over AIRG on cash generation, producing positive trailing cash flow while its opponent burns cash.
AIRG Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$175K | +$243K |
| Q2 2026 | -$1.8M | -1716% |
| Q1 2026 | -$814K | +$253K |
| Q4 2025 | $93K | +$120K |
| Q3 2025 | -$418K | +$788K |
| Q2 2025 | $113K | +$1.4M |
| Q1 2025 | -$1.1M | +$112K |
| Q4 2024 | -$27K | +$2.1M |
AIRG has burned cash in most quarters: −$3M over the past year, against −$1M the year before.
AAPL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +5.6M shares |
| 1 year | -1.9% | -284M shares |
| 3 years | -6.9% | -1.1B shares |
| 5 years | -13% | -2.1B shares |
| Available history | -17% | -3.1B shares |
AAPL has the edge over AIRG on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $24.3B |
| Q2 2026 | $25.1B |
| Q1 2026 | $12.3B |
| Q4 2025 | $24.7B |
| Q3 2025 | $20.1B |
| Q2 2025 | $21.1B |
| Q1 2025 | $25.9B |
| Q4 2024 | $23.6B |
AAPL spent $86.4B buying back its own shares over the past year, down 4.8% from the year before.
AIRG Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +2.3% | +300K shares |
| 1 year | +11% | +1.4M shares |
| 3 years | +26% | +2.7M shares |
| 5 years | +30% | +3.1M shares |
| Available history | +30% | +3M shares |
AIRG has 13M diluted shares, up 11% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2022 | — |
| Q4 2021 | — |
| Q3 2021 | $97,000 |
| Q2 2021 | — |
| Q1 2021 | — |
| Q4 2020 | — |
| Q3 2020 | — |
| Q2 2020 | $418,000 |
AAPL Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.3x | Very low |
| Q2 2026 | 0.3x | Very low |
| Q1 2026 | 0.2x | Very low |
| Q4 2025 | 0.3x | Very low |
| Q3 2025 | 0.4x | Very low |
| Q2 2025 | 0.5x | Very low |
| Q1 2025 | 0.5x | Very low |
| Q4 2024 | 0.5x | Very low |
AAPL's net debt is less than a year of its operating earnings (EBITDA).
AIRG Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2019 | -8.6x | Net Cash |
AIRG has more cash than debt.
AAPL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 68.1 | Neutral |
| Stochastic | 85.0 | Overbought |
AAPL's weekly RSI is 68 (neutral) and its Stochastic is 85 (overbought).
AIRG Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 25.9 | Oversold |
| Stochastic | 7.8 | Oversold |
AIRG's weekly RSI is 26 (oversold) and its Stochastic is 8 (oversold).
AAPL PE vs Technology Sector
| Metric | AAPL | Sector median | Relative |
|---|---|---|---|
| PE | 40x | 28x | 42% above |
| PE % | 96 | 35 | 61 pts above |
AAPL is trading at 40x earnings, a 42% premium to the Technology sector's median of 28x.
AIRG PE vs Technology Sector
| Metric | AIRG | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
AIRG has no meaningful PE right now: it lost money over the past year.
AAPL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $343.1 | 3.4% above |
| 20 week MA | $329.0 | 7.9% above |
| 50 week MA | $295.6 | 20% above |
| 100 week MA | $262.4 | 35% above |
| 200 week MA | $226.3 | 57% above |
AAPL has the edge over AIRG on trend strength, trading above more of its moving averages.
AIRG Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $4.23 | 12% below |
| 20 week MA | $5.06 | 27% below |
| 50 week MA | $5.26 | 29% below |
| 100 week MA | $5.02 | 26% below |
| 200 week MA | $5.34 | 31% below |
AIRG is in a downtrend: it's below all five of its weekly moving averages, and 31% below its 200-week average.
AAPL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $72.5 | $132.0 | +82% |
| 2021 | $132.0 | $176.3 | +34% |
| 2022 | $176.3 | $131.9 | -25% |
| 2023 | $131.9 | $192.5 | +46% |
| 2024 | $192.5 | $255.6 | +33% |
| 2025 | $255.6 | $273.4 | +7% |
| 2026 YTD | $273.4 | $354.9 | +30% |
AAPL has the edge over AIRG on returns for 2026, with the stronger performance.
AIRG Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.5 | $15.2 | +45% |
| 2021 | $15.2 | $10.6 | -30% |
| 2022 | $10.6 | $6.45 | -39% |
| 2023 | $6.45 | $3.56 | -45% |
| 2024 | $3.56 | $7.16 | +101% |
| 2025 | $7.16 | $4.00 | -44% |
| 2026 YTD | $4.00 | $3.71 | -7.3% |
AIRG has finished lower in four of the last six years. It's down 7.3% so far in 2026.