AAPL
Apple Inc.
AAPL offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
ARW
Arrow Electronics, Inc.
ARW has the edge over AAPL overall, supported by stronger modeled upside and stronger valuation.
AAPL Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
AAPL's revenue, profitability, cash flow and balance sheet are all currently healthy.
ARW Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| Stable | |
| Healthy |
ARW's revenue, profitability and balance sheet are currently healthy, and its cash flow is stable.
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.
ARW PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6.4x | $126 | -37% |
| Current | 10x | $198 | — |
| Fair | 12x | $231 | +17% |
| Expensive | 15x | $296 | +49% |
Historical ranges are pointers, not guarantees.
ARW's PE is in its fair range at 10x.
AAPL Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Growth | |
| Weakening | |
| Moderate | |
| Moderate |
Analysts expect earnings and revenue growth for AAPL, but weaker profitability.
ARW Forward outlook
There aren't enough analyst estimates for ARW to show an outlook.
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 earned $8.98 per share over the past year, up 20% from the year before.
ARW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $19.72 | +118% |
| Q2 2026 | $15.64 | +77% |
| Q1 2026 | $13.97 | +92% |
| Q4 2025 | $10.93 | +50% |
| Q3 2025 | $9.06 | +0.6% |
| Q2 2025 | $8.85 | -17% |
| Q1 2025 | $7.27 | -43% |
| Q4 2024 | $7.29 | -54% |
ARW earned $19.72 per share over the past year, up 118% from 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 ARW on profitability, with a higher operating margin.
ARW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $10.7B | +39% |
| Q2 2026 | $10B | +32% |
| Q1 2026 | $9.5B | +39% |
| Q4 2025 | $8.7B | +20% |
| Q3 2025 | $7.7B | +13% |
| Q2 2025 | $7.6B | +10% |
| Q1 2025 | $6.8B | -1.6% |
| Q4 2024 | $7.3B | -7.2% |
ARW's revenue has grown year over year for six quarters in a row: $10.7B last quarter, up 39% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 4% | +1.7 points |
| Q2 2026 | 3.8% | +1.3 points |
| Q1 2026 | 3.8% | +1.5 points |
| Q4 2025 | 3.4% | +0.7 points |
| Q3 2025 | 2.3% | -0.3 points |
| Q2 2025 | 2.5% | -0.6 points |
| Q1 2025 | 2.3% | -0.4 points |
| Q4 2024 | 2.7% | -1.4 points |
ARW's operating margin was 4% last quarter, up 1.7 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 ARW on cash flow, with more consistent year-over-year improvement.
ARW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$468.3M | -$156.3M |
| Q2 2026 | $297.2M | +$521.7M |
| Q1 2026 | $667.6M | +104% |
| Q4 2025 | $172.6M | -43% |
| Q3 2025 | -$312M | -603% |
| Q2 2025 | -$224.5M | -175% |
| Q1 2025 | $326.7M | -13% |
| Q4 2024 | $303.9M | +16% |
ARW usually generates cash, though not every quarter: the latest was −$468M, but it generated $669M over the past year.
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 ARW 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.
ARW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.5% | -252K shares |
| 1 year | -1% | -526K shares |
| 3 years | -8.3% | -4.7M shares |
| 5 years | -29% | -21M shares |
| Available history | -38% | -32M shares |
ARW has 52M diluted shares, down 1% from a year ago, with $225M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $99.3M |
| Q2 2026 | $41.9M |
| Q1 2026 | $33.3M |
| Q4 2025 | $50.9M |
| Q3 2025 | $630,000 |
| Q2 2025 | $50.7M |
| Q1 2025 | $59.4M |
| Q4 2024 | $50.8M |
ARW spent $225M buying back its own shares over the past year, up 39% from the year before.
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 ARW on leverage, with a lower net debt burden relative to earnings.
ARW Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.6x | Healthy |
| Q2 2026 | 1.4x | Healthy |
| Q1 2026 | 1.9x | Healthy |
| Q4 2025 | 2.9x | Moderate |
| Q3 2025 | 3.4x | Elevated |
| Q2 2025 | 3.0x | Moderate |
| Q1 2025 | 2.9x | Moderate |
| Q4 2024 | 3.2x | Elevated |
ARW's net debt is about 1.6 years of its operating earnings (EBITDA), down from 3.4 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).
ARW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 47.9 | Neutral |
| Stochastic | 20.5 | Neutral |
ARW's weekly RSI is 48 (neutral) and its Stochastic is 21 (neutral).
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.
ARW PE vs Technology Sector
| Metric | ARW | Sector median | Relative |
|---|---|---|---|
| PE | 10x | 28x | 64% below |
| PE % | 42 | 35 | 7 pts above |
ARW has the edge over AAPL on valuation relative to its sector.
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 ARW on trend strength, trading above more of its moving averages.
ARW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $214.3 | 7.5% below |
| 20 week MA | $212.5 | 6.7% below |
| 50 week MA | $181.1 | 9.4% above |
| 100 week MA | $148.7 | 33% above |
| 200 week MA | $136.5 | 45% above |
ARW has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 45% 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 finished higher in five of the last six years. It's up 30% so far in 2026.
ARW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $84.5 | $97.1 | +15% |
| 2021 | $97.1 | $130.9 | +35% |
| 2022 | $130.9 | $103.9 | -21% |
| 2023 | $103.9 | $122.3 | +18% |
| 2024 | $122.3 | $114.0 | -6.8% |
| 2025 | $114.0 | $113.4 | -0.5% |
| 2026 YTD | $113.4 | $198.2 | +75% |
ARW has the edge over AAPL on returns for 2026, with the stronger performance.