AAPL
Apple Inc.
AAPL has a slight edge over ALGM overall, supported by stronger valuation and lower modeled downside.
ALGM
Allegro MicroSystems, Inc.
ALGM offers stronger fundamentals, 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.
ALGM Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Healthy | |
| Strong |
ALGM's revenue, profitability, cash flow and balance sheet are all currently healthy.
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 has the edge over ALGM in the historical PE scenario, which offers more potential upside but is not a forecast.
ALGM PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 25x | $3.95 | -88% |
| Forward | 25x | $31.71 | — |
| Fair | 42x | $6.66 | -79% |
| Expensive | 60x | $9.54 | -70% |
| Current | 198x | $31.71 | — |
Historical ranges are pointers, not guarantees.
ALGM's PE is in its expensive range at 198x. If earnings grow as analysts expect, today's price would be 25x next year's earnings, in its cheap range.
AAPL Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Growth | |
| Weakening | |
| Moderate | |
| Moderate |
Analysts expect earnings and revenue growth for AAPL, but weaker profitability.
ALGM Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| High |
ALGM has the edge over AAPL on the outlook, with more favorable valuation and 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 ALGM on earnings, with more consistent year-over-year improvement.
ALGM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.27 | +696% |
| Q3 2026 | $0.16 | +$0.32 |
| Q2 2026 | $0.07 | +$0.44 |
| Q1 2026 | -$0.08 | +$0.31 |
| Q4 2025 | -$0.08 | +$0.27 |
| Q3 2025 | -$0.16 | -$0.02 |
| Q2 2025 | -$0.37 | -197% |
| Q1 2025 | -$0.39 | -150% |
| Q4 2024 | -$0.35 | -130% |
ALGM has returned to profit: it earned $0.16 per share over the past year, after losing money the year before.
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's revenue has grown year over year for 10 quarters in a row: $114B last quarter, up 12% from the same quarter a year ago.
| 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 ALGM on profitability, with a higher operating margin.
ALGM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $276.9M | +29% |
| Q2 2026 | $259.2M | +27% |
| Q1 2026 | $243.2M | +26% |
| Q4 2025 | $229.2M | +29% |
| Q3 2025 | $214.3M | +14% |
| Q2 2025 | $203.4M | +22% |
| Q1 2025 | $192.8M | -20% |
| Q4 2024 | $177.9M | -30% |
ALGM's revenue has grown year over year for six quarters in a row: $277M last quarter, up 29% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 13% | +9.9 points |
| Q2 2026 | 9.8% | +11 points |
| Q1 2026 | 2.2% | +9.1 points |
| Q4 2025 | 4.2% | +4.2 points |
| Q3 2025 | 2.9% | +0.7 points |
| Q2 2025 | -1.4% | +5 points |
| Q1 2025 | -6.8% | -13 points |
| Q4 2024 | 0% | -14 points |
ALGM's operating margin was 13% last quarter, up 9.9 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's free cash flow has been positive every quarter for seven years: $136B over the past year, up 38% from the year before.
ALGM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $30.5M | +119% |
| Q2 2026 | $14M | -73% |
| Q1 2026 | $18.7M | +25% |
| Q4 2025 | $41.3M | +$63.1M |
| Q3 2025 | $13.9M | +150% |
| Q2 2025 | $51M | +120% |
| Q1 2025 | $15M | +$16.5M |
| Q4 2024 | -$21.8M | -157% |
ALGM has the edge over AAPL on cash flow, with more consistent year-over-year improvement.
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 ALGM 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.
ALGM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -52.6K shares |
| 1 year | +0.8% | +1.4M shares |
| 3 years | -3.8% | -7.4M shares |
| 5 years | -2.1% | -4M shares |
| Available history | 0% | -32.5K shares |
ALGM has 188M diluted shares, up 0.8% from a year ago.
| Quarter | Spent |
|---|---|
| Q1 2025 | — |
| Q4 2024 | $116,000 |
| Q2 2020 | — |
| Q1 2020 | — |
| Q4 2019 | — |
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 has the edge over ALGM on leverage, with a lower net debt burden relative to earnings.
ALGM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.7x | Very low |
| Q2 2026 | 1.1x | Healthy |
| Q1 2026 | 1.4x | Healthy |
| Q4 2025 | 2.0x | Moderate |
| Q3 2025 | 3.1x | Elevated |
| Q2 2025 | 3.5x | Elevated |
| Q1 2025 | 5.0x | High |
| Q4 2024 | 3.0x | Moderate |
ALGM's net debt is less than a year of its operating earnings (EBITDA), down from 3.1 years a year ago.
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).
ALGM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 41.3 | Neutral |
| Stochastic | 13.9 | Oversold |
ALGM's weekly RSI is 41 (neutral) and its Stochastic is 14 (oversold).
AAPL PE vs Technology Sector
| Metric | AAPL | Sector median | Relative |
|---|---|---|---|
| PE | 40x | 28x | 42% above |
| PE % | 96 | 35 | 61 pts above |
AAPL has the edge over ALGM on valuation relative to its sector.
ALGM PE vs Technology Sector
| Metric | ALGM | Sector median | Relative |
|---|---|---|---|
| PE | 198x | 28x | 611% above |
| PE % | 91 | 38 | 53 pts above |
ALGM is trading at 198x earnings, a 611% premium to the Technology sector's median of 28x.
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 ALGM on trend strength, trading above more of its moving averages.
ALGM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $33.2 | 4.4% below |
| 20 week MA | $38.9 | 18% below |
| 50 week MA | $38.7 | 18% below |
| 100 week MA | $32.9 | 3.7% below |
| 200 week MA | $32.4 | 2.2% below |
ALGM is in a downtrend: it's below all five of its weekly moving averages, and 2.2% 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 ALGM on returns for 2026, with the stronger performance.
ALGM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $18.3 | $24.8 | +35% |
| 2021 | $24.8 | $34.5 | +39% |
| 2022 | $34.5 | $30.2 | -12% |
| 2023 | $30.2 | $30.3 | +0.1% |
| 2024 | $30.3 | $22.3 | -26% |
| 2025 | $22.3 | $26.9 | +21% |
| 2026 YTD | $26.9 | $31.7 | +18% |
ALGM has finished higher in four of the last six years. It's up 18% so far in 2026.