AAPL
Apple Inc.
AAPL has the edge over BDC overall, supported by stronger fundamentals and lower modeled downside.
BDC
Belden Inc.
BDC 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.
BDC Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Stable | |
| Healthy | |
| Weak |
BDC's revenue and cash flow are currently healthy, and its profitability is stable, but its balance sheet is 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.
BDC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 11x | $102 | — |
| Cheap | 15x | $65.72 | -36% |
| Fair | 21x | $94.82 | -7.2% |
| Current | 23x | $102 | — |
| Expensive | 28x | $123 | +21% |
Historical ranges are pointers, not guarantees.
BDC has the edge over AAPL in the historical PE scenario, which offers more potential upside but is not a forecast.
AAPL Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Growth | |
| Weakening | |
| Moderate | |
| Moderate |
Analysts expect earnings and revenue growth for AAPL, but weaker profitability.
BDC Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Weakening | |
| Limited | |
| Moderate |
BDC has the edge over AAPL on the outlook, with more favorable valuation 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 BDC on earnings, with stronger typical year-over-year growth.
BDC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $9.58 | +115% |
| Q3 2026 | $4.45 | -21% |
| Q2 2026 | $6.15 | +12% |
| Q1 2026 | $5.94 | +15% |
| Q4 2025 | $5.91 | +23% |
| Q3 2025 | $5.62 | +31% |
| Q2 2025 | $5.51 | +17% |
| Q1 2025 | $5.17 | +1.2% |
| Q4 2024 | $4.80 | -15% |
BDC's earnings per share have fallen from their peak: $4.45 over the past year, against $6.67 in mid-2023.
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 BDC on profitability, with a higher operating margin.
BDC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $966M | +38% |
| Q2 2026 | $750.2M | +12% |
| Q1 2026 | $696.4M | +11% |
| Q4 2025 | $720.1M | +8.1% |
| Q3 2025 | $698.2M | +6.6% |
| Q2 2025 | $672M | +11% |
| Q1 2025 | $624.9M | +17% |
| Q4 2024 | $666M | +21% |
BDC has the edge over AAPL on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 1.7% | -9.2 points |
| Q2 2026 | 13% | +1.4 points |
| Q1 2026 | 11% | -0.4 points |
| Q4 2025 | 12% | +1.8 points |
| Q3 2025 | 11% | -0.6 points |
| Q2 2025 | 12% | +0.4 points |
| Q1 2025 | 12% | +1.7 points |
| Q4 2024 | 10% | +2.4 points |
BDC's operating margin was 1.7% last quarter, down 9.2 points from the same quarter a year ago, near the bottom of its range since 2019.
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 BDC on cash flow, with more consistent year-over-year improvement.
BDC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $81.8M | +25% |
| Q2 2026 | $88.6M | +56% |
| Q1 2026 | -$63.1M | -$38.3M |
| Q4 2025 | $121.3M | +4.2% |
| Q3 2025 | $65.3M | -2.7% |
| Q2 2025 | $56.9M | -6.7% |
| Q1 2025 | -$24.8M | -$3.2M |
| Q4 2024 | $116.4M | +11% |
BDC generated $229M in free cash flow over the past year, up 6.9% 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 14.7B diluted shares, down 1.9% from a year ago, with $86.4B in buybacks over the past year.
| 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.
BDC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.5% | -203K shares |
| 1 year | -2.6% | -1.1M shares |
| 3 years | -8.3% | -3.5M shares |
| 5 years | -14% | -6.3M shares |
| Available history | -7.9% | -3.3M shares |
BDC has the edge over AAPL on shareholder dilution, with a more favorable share count trend.
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 BDC on leverage, with a lower net debt burden relative to earnings.
BDC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 5.8x | High |
| Q2 2026 | 1.9x | Healthy |
| Q1 2026 | 2.2x | Moderate |
| Q4 2025 | 2.0x | Moderate |
| Q3 2025 | 2.3x | Moderate |
| Q2 2025 | 2.3x | Moderate |
| Q1 2025 | 2.3x | Moderate |
| Q4 2024 | 2.0x | Healthy |
BDC's net debt is about 5.8 years of its operating earnings (EBITDA), up from 2.3 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).
BDC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.5 | Neutral |
| Stochastic | 15.0 | Oversold |
BDC's weekly RSI is 43 (neutral) and its Stochastic is 15 (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.
BDC PE vs Technology Sector
| Metric | BDC | Sector median | Relative |
|---|---|---|---|
| PE | 23x | 28x | 18% below |
| PE % | 61 | 35 | 26 pts above |
BDC 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 BDC on trend strength, trading above more of its moving averages.
BDC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $105.9 | 3.4% below |
| 20 week MA | $113.0 | 9.5% below |
| 50 week MA | $117.6 | 13% below |
| 100 week MA | $115.8 | 12% below |
| 200 week MA | $103.4 | 1.1% below |
BDC is in a downtrend: it's below all five of its weekly moving averages, and 1.1% 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 BDC on returns for 2026, with the stronger performance.
BDC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $55.5 | $41.6 | -25% |
| 2021 | $41.6 | $63.7 | +53% |
| 2022 | $63.7 | $73.2 | +15% |
| 2023 | $73.2 | $77.3 | +5.5% |
| 2024 | $77.3 | $113.5 | +47% |
| 2025 | $113.5 | $118.4 | +4.3% |
| 2026 YTD | $118.4 | $102.2 | -14% |
BDC has finished higher in five of the last six years. It's down 14% so far in 2026.