AAPL
Apple Inc.
AAPL has the edge over APLD overall, supported by lower modeled downside and stronger fundamentals.
APLD
Applied Digital Corporation
APLD 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.
APLD Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Weak | |
| Weak | |
| Weak |
APLD's revenue is currently strong, but its profitability, cash flow and balance sheet are weak.
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.
APLD PE Valuation
APLD has no meaningful PE right now: it lost money over the past year.
AAPL Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Growth | |
| Weakening | |
| Moderate | |
| Moderate |
Analysts expect earnings and revenue growth for AAPL, but weaker profitability.
APLD Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses growing | |
| Strong growth | |
| Improving | |
| Limited | |
| Low |
Analysts expect APLD's losses to grow, with revenue growing. However, they disagree widely on these estimates.
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 APLD on earnings quality, reporting a profit while its opponent remains loss making.
APLD Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$1.66 | -$0.53 |
| Q2 2026 | -$0.91 | +$0.18 |
| Q1 2026 | -$0.74 | +$0.68 |
| Q4 2025 | -$0.54 | +$1.24 |
| Q3 2025 | -$1.13 | +$0.09 |
| Q2 2025 | -$1.09 | +$0.22 |
| Q1 2025 | -$1.42 | -$0.61 |
| Q4 2024 | -$1.78 | -$1.41 |
APLD lost $1.66 per share over the past year, and its loss has widened in each of the last three quarters.
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 APLD on profitability, with a higher operating margin.
APLD Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $341.9M | +432% |
| Q2 2026 | $258.7M | +407% |
| Q1 2026 | $126.6M | +139% |
| Q4 2025 | $126.6M | +98% |
| Q3 2025 | $64.2M | +5.8% |
| Q2 2025 | $51.1M | +17% |
| Q1 2025 | $52.9M | +22% |
| Q4 2024 | $63.9M | +51% |
APLD has the edge over AAPL on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -18% | +17 points |
| Q2 2026 | -48% | +38 points |
| Q1 2026 | -68% | -32 points |
| Q4 2025 | -24% | +4.7 points |
| Q3 2025 | -35% | -50 points |
| Q2 2025 | -86% | -23 points |
| Q1 2025 | -36% | +93 points |
| Q4 2024 | -29% | -9.8 points |
APLD's operating margin was −18% last quarter, up 16 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 APLD on cash generation, producing positive trailing cash flow while its opponent burns cash.
APLD Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$2B | -$1.7B |
| Q2 2026 | -$1.2B | -$965.1M |
| Q1 2026 | -$720.2M | -$468.6M |
| Q4 2025 | -$567.9M | -$344.6M |
| Q3 2025 | -$331.4M | -$200.8M |
| Q2 2025 | -$191.4M | -$102.5M |
| Q1 2025 | -$251.6M | -$249.3M |
| Q4 2024 | -$223.3M | -$214.6M |
APLD has burned cash in most quarters: −$4.5B over the past year, against −$998M 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 APLD 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.
APLD Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +5.9% | +16.4M shares |
| 1 year | +14% | +35.7M shares |
| 3 years | +210% | +198M shares |
| 5 years | +19195% | +290M shares |
APLD has 292M diluted shares, up 14% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2021 | — |
| Q3 2021 | — |
| Q2 2021 | — |
| Q1 2021 | — |
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).
APLD Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2025 | 25.6x | High |
| Q1 2025 | -1.1x | Net Cash |
| Q4 2024 | -10.7x | Net Cash |
| Q3 2024 | -2.2x | Net Cash |
APLD's net debt is more than 20 years of its operating earnings (EBITDA).
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).
APLD Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 34.9 | Neutral |
| Stochastic | 11.8 | Oversold |
APLD's weekly RSI is 35 (neutral) and its Stochastic is 12 (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.
APLD PE vs Technology Sector
APLD 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 APLD on trend strength, trading above more of its moving averages.
APLD Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $20.2 | 16% below |
| 20 week MA | $25.0 | 32% below |
| 50 week MA | $30.2 | 44% below |
| 100 week MA | $21.8 | 22% below |
| 200 week MA | $13.6 | 24% above |
APLD has fallen below most of its moving averages, though it's still 24% above 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 APLD on returns for 2026, with the stronger performance.
APLD Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2022 | $4.78 | $1.92 | -60% |
| 2023 | $1.92 | $6.74 | +251% |
| 2024 | $6.74 | $8.39 | +24% |
| 2025 | $8.39 | $24.1 | +187% |
| 2026 YTD | $24.1 | $17.0 | -30% |
APLD's yearly returns have swung widely, from +251% in 2023 to −60% in 2022. It's down 30% so far in 2026.