AAPL
Apple Inc.
AAPL has slightly lower modeled downside risk, despite its lower overall score.
CALX
Calix, Inc.
CALX 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.
CALX Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Stable | |
| Strong |
CALX'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 has the edge over CALX in the historical PE scenario, which offers more potential upside but is not a forecast.
CALX PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 15x | $32.68 | — |
| Cheap | 19x | $12.95 | -60% |
| Current | 47x | $32.68 | — |
| Fair | 72x | $49.68 | +52% |
| Expensive | 127x | $87.43 | +168% |
Historical ranges are pointers, not guarantees.
CALX's PE is in its cheap range at 47x. If earnings grow as analysts expect, today's price would be 15x next year's earnings.
AAPL Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Growth | |
| Weakening | |
| Moderate | |
| Moderate |
Analysts expect earnings and revenue growth for AAPL, but weaker profitability.
CALX Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
CALX 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 CALX on earnings, with more consistent year-over-year improvement.
CALX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.20 | +219% |
| Q3 2026 | $0.69 | +$0.81 |
| Q2 2026 | $0.75 | +$1.15 |
| Q1 2026 | $0.49 | +$1.01 |
| Q4 2025 | $0.26 | +$0.71 |
| Q3 2025 | -$0.12 | +$0.15 |
| Q2 2025 | -$0.40 | -1433% |
| Q1 2025 | -$0.52 | -286% |
| Q4 2024 | -$0.45 | -207% |
CALX has returned to profit: it earned $0.69 per share over the past year, after losing money 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 CALX on profitability, with a higher operating margin.
CALX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $301.7M | +14% |
| Q2 2026 | $293.3M | +21% |
| Q1 2026 | $280M | +27% |
| Q4 2025 | $272.4M | +32% |
| Q3 2025 | $265.4M | +32% |
| Q2 2025 | $241.9M | +22% |
| Q1 2025 | $220.2M | -2.7% |
| Q4 2024 | $206.1M | -22% |
CALX's revenue has grown year over year for six quarters in a row: $302M last quarter, up 14% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 5.5% | -1.1 points |
| Q2 2026 | 7.5% | +7.3 points |
| Q1 2026 | 4.5% | +7.3 points |
| Q4 2025 | 3.4% | +13 points |
| Q3 2025 | 6.6% | +12 points |
| Q2 2025 | 0.2% | +5.9 points |
| Q1 2025 | -2.8% | -1.9 points |
| Q4 2024 | -9.1% | -4.5 points |
CALX's operating margin was 5.5% last quarter, down 1.1 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 CALX on cash flow, with more consistent year-over-year improvement.
CALX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $3.4M | -87% |
| Q2 2026 | $11.9M | -67% |
| Q1 2026 | $6.5M | -49% |
| Q4 2025 | $40.3M | +294% |
| Q3 2025 | $26.7M | +109% |
| Q2 2025 | $35.6M | +117% |
| Q1 2025 | $12.9M | +17% |
| Q4 2024 | $10.2M | -6.7% |
CALX generated $62M in free cash flow over the past year, down 27% 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.
CALX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.6% | -1.1M shares |
| 1 year | -7.7% | -5.3M shares |
| 3 years | -7.4% | -5.1M shares |
| 5 years | -5.1% | -3.5M shares |
| Available history | +17% | +9.5M shares |
CALX has the edge over AAPL on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $50M |
| Q2 2026 | $69.4M |
| Q1 2026 | $170.9M |
| Q4 2025 | $16.6M |
| Q3 2025 | $3.5M |
| Q2 2025 | $33.6M |
| Q1 2025 | $40M |
| Q4 2024 | $7M |
CALX spent $307M buying back its own shares over the past year, about four times what it spent 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).
CALX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.7x | Net Cash |
| Q2 2026 | -0.9x | Net Cash |
| Q1 2026 | -1.0x | Net Cash |
| Q4 2025 | -3.7x | Net Cash |
| Q2 2024 | -9.2x | Net Cash |
| Q1 2024 | -2.8x | Net Cash |
| Q4 2023 | -1.5x | Net Cash |
| Q3 2023 | -2.0x | Net Cash |
CALX 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).
CALX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 38.9 | Neutral |
| Stochastic | 24.5 | Neutral |
CALX's weekly RSI is 39 (neutral) and its Stochastic is 25 (neutral).
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 CALX on valuation relative to its sector.
CALX PE vs Technology Sector
| Metric | CALX | Sector median | Relative |
|---|---|---|---|
| PE | 47x | 28x | 70% above |
| PE % | 30 | 35 | 5 pts below |
CALX is trading at 47x earnings, a 70% 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 CALX on trend strength, trading above more of its moving averages.
CALX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $34.8 | 6% below |
| 20 week MA | $36.5 | 10% below |
| 50 week MA | $43.3 | 25% below |
| 100 week MA | $45.6 | 28% below |
| 200 week MA | $43.2 | 24% below |
CALX is in a downtrend: it's below all five of its weekly moving averages, and 24% 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 CALX on returns for 2026, with the stronger performance.
CALX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $8.04 | $31.9 | +297% |
| 2021 | $31.9 | $66.2 | +108% |
| 2022 | $66.2 | $67.5 | +1.9% |
| 2023 | $67.5 | $43.7 | -35% |
| 2024 | $43.7 | $35.0 | -20% |
| 2025 | $35.0 | $54.3 | +55% |
| 2026 YTD | $54.3 | $32.7 | -40% |
CALX is down 40% so far in 2026, after finishing higher in four of the previous six years.