AAPL
Apple Inc.
AAPL offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
CNXN
PC Connection, Inc.
CNXN has a slight 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.
CNXN Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Under pressure | |
| Strong |
CNXN's revenue, profitability and balance sheet are currently healthy, but its cash flow is under pressure.
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.
CNXN PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 14x | $58.21 | -30% |
| Forward | 17x | $83.16 | — |
| Fair | 19x | $76.99 | -7.4% |
| Current | 21x | $83.16 | — |
| Expensive | 22x | $87.28 | +5% |
Historical ranges are pointers, not guarantees.
CNXN 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.
CNXN Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Low |
CNXN 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 CNXN on earnings, with more consistent year-over-year improvement.
CNXN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.76 | +18% |
| Q3 2026 | $4.05 | +25% |
| Q2 2026 | $3.78 | +15% |
| Q1 2026 | $3.44 | +4.2% |
| Q4 2025 | $3.27 | -0.6% |
| Q3 2025 | $3.23 | -5% |
| Q2 2025 | $3.28 | -2.1% |
| Q1 2025 | $3.30 | +6.1% |
| Q4 2024 | $3.29 | +4.4% |
CNXN earned $4.05 per share over the past year, up 25% 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 CNXN 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 CNXN on profitability, with a higher operating margin.
CNXN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $874.3M | +23% |
| Q2 2026 | $854M | +12% |
| Q1 2026 | $721.9M | +3% |
| Q4 2025 | $702.9M | -0.8% |
| Q3 2025 | $709.1M | -2.2% |
| Q2 2025 | $759.7M | +3.2% |
| Q1 2025 | $701M | +11% |
| Q4 2024 | $708.9M | +1.8% |
CNXN's revenue has picked up after two years of holding roughly level: $874M last quarter, up 23% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 4.7% | +0.4 points |
| Q2 2026 | 5% | +1 points |
| Q1 2026 | 2.8% | +0.7 points |
| Q4 2025 | 3.4% | +0.2 points |
| Q3 2025 | 4.3% | +0.1 points |
| Q2 2025 | 4.1% | -0.1 points |
| Q1 2025 | 2.1% | -0.1 points |
| Q4 2024 | 3.2% | -0.8 points |
CNXN's operating margin was 4.7% last quarter, about level with the same quarter a year ago, near the top 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 CNXN on cash generation, producing positive trailing cash flow while its opponent burns cash.
CNXN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $7.6M | -88% |
| Q2 2026 | -$65.7M | -367% |
| Q1 2026 | $12.3M | +$66.4M |
| Q4 2025 | $25.2M | -0.1% |
| Q3 2025 | $62.3M | +22% |
| Q2 2025 | $24.6M | -33% |
| Q1 2025 | -$54.1M | -197% |
| Q4 2024 | $25.2M | +105% |
CNXN's free cash flow was −$21M over the past year, against $58M 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 CNXN 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.
CNXN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.4% | +102K shares |
| 1 year | -0.2% | -48K shares |
| 3 years | -3.8% | -993K shares |
| 5 years | -3.5% | -927K shares |
| Available history | -4.1% | -1.1M shares |
CNXN has 25M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | $2.5M |
| Q4 2025 | $10.7M |
| Q3 2025 | $5.1M |
| Q2 2025 | $16.7M |
| Q1 2025 | $43.7M |
| Q4 2024 | $4.6M |
CNXN spent $13M buying back its own shares over the past year, down 81% 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).
CNXN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2025 | -1.7x | Net Cash |
| Q2 2025 | -1.7x | Net Cash |
| Q1 2025 | -1.6x | Net Cash |
| Q4 2024 | -1.6x | Net Cash |
| Q3 2024 | -1.5x | Net Cash |
| Q2 2024 | -1.1x | Net Cash |
| Q1 2024 | -1.3x | Net Cash |
| Q4 2023 | -1.3x | Net Cash |
CNXN has more cash than debt.
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).
CNXN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 54.2 | Neutral |
| Stochastic | 33.1 | Neutral |
CNXN's weekly RSI is 54 (neutral) and its Stochastic is 33 (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.
CNXN PE vs Technology Sector
| Metric | CNXN | Sector median | Relative |
|---|---|---|---|
| PE | 21x | 28x | 26% below |
| PE % | 71 | 35 | 36 pts above |
CNXN 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 CNXN on trend strength, trading above more of its moving averages.
CNXN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $87.7 | 5.2% below |
| 20 week MA | $83.7 | 0.7% below |
| 50 week MA | $71.2 | 17% above |
| 100 week MA | $67.7 | 23% above |
| 200 week MA | $63.4 | 31% above |
CNXN has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 31% 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.
CNXN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $51.0 | $44.3 | -13% |
| 2021 | $44.3 | $44.1 | -0.3% |
| 2022 | $44.1 | $47.7 | +8.1% |
| 2023 | $47.7 | $67.2 | +41% |
| 2024 | $67.2 | $69.5 | +3.4% |
| 2025 | $69.5 | $59.7 | -14% |
| 2026 YTD | $59.7 | $83.2 | +39% |
CNXN has the edge over AAPL on returns for 2026, with the stronger performance.