AAPL
Apple Inc.
AAPL has lower modeled downside risk, despite its lower overall score.
DOCU
DocuSign, Inc.
DOCU has the edge over AAPL overall, supported by stronger valuation and stronger fundamentals.
AAPL Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
AAPL's revenue, profitability, cash flow and balance sheet are all currently healthy.
DOCU Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Strong | |
| Strong |
DOCU's profitability, cash flow and balance sheet are currently healthy, and its revenue 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 DOCU in the historical PE scenario, which offers more potential upside but is not a forecast.
DOCU PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 16x | $26.23 | -67% |
| Forward | 16x | $80.15 | — |
| Fair | 35x | $57.65 | -28% |
| Current | 49x | $80.15 | — |
| Expensive | 114x | $187 | +133% |
Historical ranges are pointers, not guarantees.
DOCU's PE is in its fair range at 49x. If earnings grow as analysts expect, today's price would be 16x 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.
DOCU Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Moderate | |
| High |
DOCU 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 DOCU on earnings, with more consistent year-over-year improvement.
DOCU Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.06 | +208% |
| Q3 2026 | $1.64 | +26% |
| Q2 2026 | $1.54 | -71% |
| Q1 2026 | $1.48 | -71% |
| Q4 2025 | $1.40 | -71% |
| Q3 2025 | $1.30 | -73% |
| Q2 2025 | $5.26 | +912% |
| Q1 2025 | $5.08 | +1311% |
| Q4 2024 | $4.85 | +1840% |
DOCU's earnings per share have fallen from their peak: $1.64 over the past year, against $5.26 in early 2025.
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 DOCU on sales, with stronger typical year-over-year growth.
| 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 DOCU on profitability, with a higher operating margin.
DOCU Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $875.7M | +9.4% |
| Q2 2026 | $830.2M | +8.7% |
| Q1 2026 | $836.9M | +7.8% |
| Q4 2025 | $818.4M | +8.4% |
| Q3 2025 | $800.6M | +8.8% |
| Q2 2025 | $763.7M | +7.6% |
| Q1 2025 | $776.3M | +9% |
| Q4 2024 | $754.8M | +7.8% |
DOCU's revenue has grown year over year every quarter since late 2020: $876M last quarter, up 9.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 13% | +5.3 points |
| Q2 2026 | 13% | +5.5 points |
| Q1 2026 | 10% | +2.7 points |
| Q4 2025 | 10% | +2.6 points |
| Q3 2025 | 8.2% | +0.3 points |
| Q2 2025 | 7.9% | +4.7 points |
| Q1 2025 | 7.8% | +6.4 points |
| Q4 2024 | 7.8% | +5 points |
DOCU's operating margin was 13% last quarter, up 5.3 points from 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's free cash flow has been positive every quarter for seven years: $136B over the past year, up 38% from the year before.
DOCU Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $295.8M | +36% |
| Q2 2026 | $289.4M | +27% |
| Q1 2026 | $350.2M | +25% |
| Q4 2025 | $262.9M | +25% |
| Q3 2025 | $217.6M | +10% |
| Q2 2025 | $227.8M | -1.8% |
| Q1 2025 | $279.6M | +12% |
| Q4 2024 | $210.7M | -12% |
DOCU 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 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.
DOCU Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.7% | -3.4M shares |
| 1 year | -8.5% | -17.8M shares |
| 3 years | -7.2% | -15.1M shares |
| 5 years | -1.5% | -2.9M shares |
| Available history | +8.3% | +14.8M shares |
DOCU has the edge over AAPL on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $306.5M |
| Q2 2026 | $317.5M |
| Q1 2026 | $269.1M |
| Q4 2025 | $215.1M |
| Q3 2025 | $201.5M |
| Q2 2025 | $183.4M |
| Q1 2025 | $161.7M |
| Q4 2024 | $172.7M |
DOCU spent $1.1B buying back its own shares over the past year, up 54% 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).
DOCU Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.0x | Net Cash |
| Q2 2026 | -1.2x | Net Cash |
| Q1 2026 | -1.5x | Net Cash |
| Q4 2025 | -1.5x | Net Cash |
| Q3 2025 | -1.7x | Net Cash |
| Q2 2025 | -1.9x | Net Cash |
| Q1 2025 | -2.1x | Net Cash |
| Q4 2024 | -2.4x | Net Cash |
DOCU 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).
DOCU Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 67.3 | Neutral |
| Stochastic | 80.9 | Overbought |
DOCU's weekly RSI is 67 (neutral) and its Stochastic is 81 (overbought).
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 DOCU on valuation relative to its sector.
DOCU PE vs Technology Sector
| Metric | DOCU | Sector median | Relative |
|---|---|---|---|
| PE | 49x | 28x | 75% above |
| PE % | 62 | 35 | 27 pts above |
DOCU is trading at 49x earnings, a 75% 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 is in an uptrend: it's above all five of its weekly moving averages, and 57% above its 200-week average.
DOCU Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $75.9 | 5.6% above |
| 20 week MA | $65.6 | 22% above |
| 50 week MA | $57.4 | 40% above |
| 100 week MA | $68.6 | 17% above |
| 200 week MA | $62.6 | 28% above |
DOCU is in an uptrend: it's above all five of its weekly moving averages, and 28% 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 the edge over DOCU on returns for 2026, with the stronger performance.
DOCU Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $74.4 | $244.9 | +229% |
| 2021 | $244.9 | $157.0 | -36% |
| 2022 | $157.0 | $53.9 | -66% |
| 2023 | $53.9 | $59.5 | +10% |
| 2024 | $59.5 | $93.0 | +56% |
| 2025 | $93.0 | $70.0 | -25% |
| 2026 YTD | $70.0 | $80.2 | +15% |
DOCU's yearly returns have swung widely, from +229% in 2020 to −66% in 2022. It's up 15% so far in 2026.