AAPL
Apple Inc.
AAPL offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
BHE
Benchmark Electronics, Inc.
BHE has a slight edge over AAPL overall, supported by stronger modeled upside.
AAPL Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
AAPL's revenue, profitability, cash flow and balance sheet are all currently healthy.
BHE Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Healthy | |
| Strong |
BHE'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 BHE in the historical PE scenario, which offers more potential upside but is not a forecast.
BHE PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 16x | $25.39 | -61% |
| Forward | 19x | $64.81 | — |
| Fair | 26x | $40.74 | -37% |
| Current | 42x | $64.81 | — |
| Expensive | 61x | $93.51 | +44% |
Historical ranges are pointers, not guarantees.
BHE's PE is in its expensive range at 42x. If earnings grow as analysts expect, today's price would be 19x 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.
BHE Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Stable | |
| Limited | |
| High |
BHE 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 BHE on earnings, with more consistent year-over-year improvement.
BHE Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.41 | +121% |
| Q3 2026 | $1.54 | +52% |
| Q2 2026 | $1.46 | +40% |
| Q1 2026 | $0.94 | -35% |
| Q4 2025 | $0.68 | -60% |
| Q3 2025 | $1.01 | -41% |
| Q2 2025 | $1.04 | -44% |
| Q1 2025 | $1.44 | -21% |
| Q4 2024 | $1.72 | -3.9% |
BHE earned $1.54 per share over the past year, up 52% 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 has the edge over BHE on sales, with more consistent year-over-year improvement.
| 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 BHE on profitability, with a higher operating margin.
BHE Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $810.9M | +19% |
| Q2 2026 | $756M | +18% |
| Q1 2026 | $677.3M | +7.2% |
| Q4 2025 | $704.3M | +7.2% |
| Q3 2025 | $680.7M | +3.5% |
| Q2 2025 | $642.3M | -3.5% |
| Q1 2025 | $631.8M | -6.5% |
| Q4 2024 | $656.9M | -5% |
BHE's revenue has grown year over year for five quarters in a row: $811M last quarter, up 19% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 3.8% | +0.3 points |
| Q2 2026 | 4% | +0.8 points |
| Q1 2026 | 3.2% | +1.4 points |
| Q4 2025 | 2.9% | -1.5 points |
| Q3 2025 | 3.5% | -0.8 points |
| Q2 2025 | 3.2% | -0.9 points |
| Q1 2025 | 1.9% | -1.9 points |
| Q4 2024 | 4.3% | -0.3 points |
BHE's operating margin was 3.8% last quarter, about level with 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.
BHE Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $15.4M | -39% |
| Q2 2026 | $21.8M | +$36.9M |
| Q1 2026 | $31M | +10% |
| Q4 2025 | $48.2M | +30% |
| Q3 2025 | $25.1M | -14% |
| Q1 2025 | $28.1M | -35% |
| Q4 2024 | $37.2M | -71% |
| Q3 2024 | $29.2M | +63% |
BHE 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 BHE 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.
BHE Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -1K shares |
| 1 year | +0.6% | +214K shares |
| 3 years | +1.4% | +520K shares |
| 5 years | +2% | +730K shares |
| Available history | -6.1% | -2.4M shares |
BHE has 36M diluted shares, up 0.6% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $8.5M |
| Q2 2026 | — |
| Q1 2026 | $5.8M |
| Q4 2025 | $854,000 |
| Q3 2025 | $10M |
| Q2 2025 | $8M |
| Q1 2025 | $8M |
| Q4 2024 | $1,000 |
BHE spent $15M buying back its own shares over the past year, down 42% 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's net debt is less than a year of its operating earnings (EBITDA).
BHE Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.9x | Net Cash |
| Q2 2026 | -0.9x | Net Cash |
| Q1 2026 | -0.9x | Net Cash |
| Q4 2025 | -0.9x | Net Cash |
| Q3 2025 | -0.5x | Net Cash |
| Q2 2025 | -0.4x | Net Cash |
| Q1 2025 | -0.6x | Net Cash |
| Q4 2024 | -0.4x | Net Cash |
BHE has the edge over AAPL on leverage, with a lower net debt burden relative to earnings.
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).
BHE Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.6 | Neutral |
| Stochastic | 14.1 | Oversold |
BHE's weekly RSI is 43 (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 BHE on valuation relative to its sector.
BHE PE vs Technology Sector
| Metric | BHE | Sector median | Relative |
|---|---|---|---|
| PE | 42x | 28x | 51% above |
| PE % | 69 | 35 | 34 pts above |
BHE is trading at 42x earnings, a 51% 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 BHE on trend strength, trading above more of its moving averages.
BHE Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $72.7 | 11% below |
| 20 week MA | $76.3 | 15% below |
| 50 week MA | $68.7 | 5.7% below |
| 100 week MA | $54.4 | 19% above |
| 200 week MA | $43.0 | 51% above |
BHE has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 51% 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.
BHE Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $34.6 | $26.7 | -23% |
| 2021 | $26.7 | $26.4 | -1% |
| 2022 | $26.4 | $27.0 | +2.2% |
| 2023 | $27.0 | $27.6 | +2.4% |
| 2024 | $27.6 | $46.1 | +67% |
| 2025 | $46.1 | $44.8 | -2.8% |
| 2026 YTD | $44.8 | $64.8 | +45% |
BHE has the edge over AAPL on returns for 2026, with the stronger performance.