AAPL
Apple Inc.
AAPL has the edge over CRNC overall, supported by lower modeled downside.
CRNC
Cerence Inc.
CRNC 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.
CRNC Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Strong | |
| Strong |
CRNC's revenue, cash flow and balance sheet are currently healthy, and its profitability 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'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.
CRNC PE Valuation
CRNC 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.
CRNC Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Decline | |
| Decline | |
| Stable | |
| Limited | |
| High |
Analysts expect CRNC's earnings and revenue to decline, though with profitability holding steady.
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 CRNC on earnings quality, reporting a profit while its opponent remains loss making.
CRNC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.82 | — |
| Q2 2026 | -$0.31 | +$0.35 |
| Q1 2026 | -$0.40 | +$7.70 |
| Q4 2025 | $0.02 | +$15.24 |
| Q3 2025 | -$0.43 | +$13.69 |
| Q2 2025 | -$0.66 | +$13.26 |
| Q1 2025 | -$8.10 | -$1.27 |
| Q4 2024 | -$15.22 | -$14.40 |
| Q3 2024 | -$14.12 | -$12.72 |
CRNC is still losing money, but far less than before: $0.31 per share over the past year, against $15.22 at its worst in late 2024.
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 CRNC 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 CRNC on profitability, with a higher operating margin.
CRNC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $69.6M | +12% |
| Q1 2026 | $64.2M | -18% |
| Q4 2025 | $115.1M | +126% |
| Q3 2025 | $60.6M | +11% |
| Q2 2025 | $62.2M | -12% |
| Q1 2025 | $78M | +15% |
| Q4 2024 | $50.9M | -63% |
| Q3 2024 | $54.8M | -32% |
CRNC's revenue is recovering but still below its 2023 peak: $70M last quarter, up 12% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 2.7% | +4.2 points |
| Q1 2026 | -3.8% | -26 points |
| Q4 2025 | 25% | +59 points |
| Q3 2025 | -2.9% | +32 points |
| Q2 2025 | -1.5% | +502 points |
| Q1 2025 | 22% | +412 points |
| Q4 2024 | -33% | -76 points |
| Q3 2024 | -35% | -40 points |
CRNC's operating margin was 2.7% last quarter, up 4.2 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.
CRNC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $19.6M | +22% |
| Q1 2026 | $13.6M | +3.8% |
| Q4 2025 | $35.6M | +352% |
| Q3 2025 | $9.7M | +109% |
| Q2 2025 | $16.1M | +33% |
| Q1 2025 | $13.1M | +$13.9M |
| Q4 2024 | $7.9M | +$11.6M |
| Q3 2024 | $4.7M | -52% |
CRNC 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 CRNC 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.
CRNC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.8% | +845K shares |
| 1 year | +10% | +4.5M shares |
| 3 years | +18% | +7.4M shares |
| 5 years | +21% | +8.4M shares |
| Available history | +31% | +11.4M shares |
CRNC has 48M diluted shares, up 10% from a year ago, despite $8M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q2 2026 | $52,000 |
| Q1 2026 | $13,000 |
| Q4 2025 | $7.5M |
| Q3 2025 | $180,000 |
| Q2 2025 | $29,000 |
| Q1 2025 | $802,000 |
| Q4 2024 | $1.4M |
| Q3 2024 | $8,000 |
CRNC spent $8M 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).
CRNC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2019 | 0.0x | Very low |
CRNC 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).
CRNC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 44.5 | Neutral |
| Stochastic | 31.1 | Neutral |
CRNC's weekly RSI is 45 (neutral) and its Stochastic is 31 (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.
CRNC PE vs Technology Sector
| Metric | CRNC | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
CRNC 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 CRNC on trend strength, trading above more of its moving averages.
CRNC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $8.27 | 1.3% below |
| 20 week MA | $8.62 | 5.3% below |
| 50 week MA | $9.28 | 12% below |
| 100 week MA | $9.87 | 17% below |
| 200 week MA | $12.9 | 37% below |
CRNC is in a downtrend: it's below all five of its weekly moving averages, and 37% 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 CRNC on returns for 2026, with the stronger performance.
CRNC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $21.0 | $105.1 | +401% |
| 2021 | $105.1 | $78.9 | -25% |
| 2022 | $78.9 | $18.6 | -76% |
| 2023 | $18.6 | $19.7 | +5.9% |
| 2024 | $19.7 | $8.49 | -57% |
| 2025 | $8.49 | $11.1 | +30% |
| 2026 YTD | $11.1 | $8.16 | -26% |
CRNC's yearly returns have swung widely, from +401% in 2020 to −76% in 2022. It's down 26% so far in 2026.