AAPL
Apple Inc.
AAPL has lower modeled downside risk, despite its lower overall score.
BAND
Bandwidth Inc.
BAND has the edge over AAPL overall, supported by stronger valuation and stronger modeled upside.
AAPL Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
AAPL's revenue, profitability, cash flow and balance sheet are all currently healthy.
BAND Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Healthy | |
| Stable |
BAND's revenue and cash flow are currently healthy, and its profitability and balance sheet are 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.
BAND PE Valuation
BAND 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.
BAND Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
BAND 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 BAND on earnings quality, reporting a profit while its opponent remains loss making.
BAND Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.05 | — |
| Q3 2026 | -$0.12 | +$0.27 |
| Q2 2026 | -$0.29 | +$0.05 |
| Q1 2026 | -$0.38 | -$0.03 |
| Q4 2025 | -$0.43 | +$0.14 |
| Q3 2025 | -$0.39 | +$0.55 |
| Q2 2025 | -$0.34 | +$0.81 |
| Q1 2025 | -$0.35 | +$0.78 |
| Q4 2024 | -$0.57 | +$0.49 |
BAND is still losing money, but far less than before: $0.12 per share over the past year, against $2.00 at its worst in early 2021.
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 BAND on profitability, with a higher operating margin.
BAND Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $234M | +22% |
| Q2 2026 | $219.9M | +22% |
| Q1 2026 | $208.8M | +20% |
| Q4 2025 | $207.7M | -1.1% |
| Q3 2025 | $191.9M | -1% |
| Q2 2025 | $180M | +3.7% |
| Q1 2025 | $174.2M | +1.9% |
| Q4 2024 | $210M | +27% |
BAND's revenue is growing: $234M last quarter, up 22% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 0.8% | +1.8 points |
| Q2 2026 | -2.1% | 0 points |
| Q1 2026 | -2.2% | +0.5 points |
| Q4 2025 | -1.9% | -0.6 points |
| Q3 2025 | -1.1% | -0.6 points |
| Q2 2025 | -2.1% | +1.4 points |
| Q1 2025 | -2.7% | +3.4 points |
| Q4 2024 | -1.3% | +4.8 points |
BAND's operating margin was 0.8% last quarter, up 1.8 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.
BAND Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $35M | +119% |
| Q2 2026 | $26.1M | -7.1% |
| Q1 2026 | $1.7M | +$12.1M |
| Q4 2025 | $33.5M | +1.1% |
| Q3 2025 | $16M | -5.8% |
| Q2 2025 | $28.2M | +37% |
| Q1 2025 | -$10.5M | -$9.6M |
| Q4 2024 | $33.2M | +117% |
BAND generated $96M in free cash flow over the past year, up 44% from 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 BAND 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.
BAND Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +20% | +6.6M shares |
| 1 year | +33% | +9.9M shares |
| 3 years | +57% | +14.5M shares |
| 5 years | +60% | +15M shares |
| Available history | +68% | +16.2M shares |
BAND has 40M diluted shares, up 33% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $10M |
| Q2 2026 | $15M |
| Q1 2026 | $5M |
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 BAND on leverage, with a lower net debt burden relative to earnings.
BAND Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.5x | Moderate |
| Q2 2026 | 3.4x | Elevated |
| Q1 2026 | 2.3x | Moderate |
| Q4 2025 | 3.7x | Elevated |
| Q3 2025 | 4.5x | High |
| Q2 2025 | 4.9x | High |
| Q1 2025 | 6.0x | High |
| Q4 2024 | 6.8x | High |
BAND's net debt is about 2.5 years of its operating earnings (EBITDA), down from 4.5 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).
BAND Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 49.2 | Neutral |
| Stochastic | 26.1 | Neutral |
BAND's weekly RSI is 49 (neutral) and its Stochastic is 26 (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.
BAND PE vs Technology Sector
| Metric | BAND | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
BAND 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 BAND on trend strength, trading above more of its moving averages.
BAND Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $50.0 | 7.5% below |
| 20 week MA | $53.0 | 13% below |
| 50 week MA | $38.3 | 21% above |
| 100 week MA | $26.7 | 73% above |
| 200 week MA | $21.3 | 117% above |
BAND has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 117% 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.
BAND Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $65.3 | $174.1 | +167% |
| 2021 | $174.1 | $72.9 | -58% |
| 2022 | $72.9 | $23.7 | -68% |
| 2023 | $23.7 | $14.5 | -39% |
| 2024 | $14.5 | $17.3 | +20% |
| 2025 | $17.3 | $15.2 | -12% |
| 2026 YTD | $15.2 | $46.3 | +205% |
BAND has the edge over AAPL on returns for 2026, with the stronger performance.