AAPL
Apple Inc.
AAPL has lower modeled downside risk, despite its lower overall score.
ERIC
Telefonaktiebolaget LM Ericsson (publ)
ERIC has a slight 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.
ERIC Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Strong |
ERIC'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 ERIC in the historical PE scenario, which offers more potential upside but is not a forecast.
ERIC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 11x | $6.18 | -42% |
| Fair | 15x | $8.58 | -19% |
| Current | 18x | $10.61 | — |
| Expensive | 132x | $76.83 | +624% |
Historical ranges are pointers, not guarantees.
ERIC's PE is 18x, but its earnings don't support one, so it isn't a reliable read right now.
AAPL Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Growth | |
| Weakening | |
| Moderate | |
| Moderate |
Analysts expect earnings and revenue growth for AAPL, but weaker profitability.
ERIC Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Stable | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect ERIC's earnings to grow and its profitability to improve, with its revenue holding steady. However, they disagree widely on these estimates.
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 earned $8.98 per share over the past year, up 20% from the year before.
ERIC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $0.58 | -21% |
| Q2 2026 | $0.74 | +45% |
| Q1 2026 | $0.75 | +1775% |
| Q4 2025 | $0.84 | +8300% |
| Q3 2025 | $0.73 | +$0.77 |
| Q2 2025 | $0.51 | +$1.60 |
| Q1 2025 | $0.04 | +$0.82 |
| Q4 2024 | $0.01 | +$0.83 |
ERIC has the edge over AAPL on earnings, with more consistent year-over-year improvement.
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 ERIC 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 ERIC on profitability, with a higher operating margin.
ERIC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $6B | +5.8% |
| Q2 2026 | $5.3B | -4.3% |
| Q1 2026 | $5.1B | -0.9% |
| Q4 2025 | $6.8B | -9.2% |
| Q3 2025 | $5.7B | -5.9% |
| Q2 2025 | $5.5B | -7% |
| Q1 2025 | $5.2B | -6.7% |
| Q4 2024 | $7.5B | +10% |
ERIC's revenue is recovering but still below its 2022 peak: $6B last quarter, up 5.8% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 15% | +1.7 points |
| Q2 2026 | 11% | -1.2 points |
| Q1 2026 | 11% | -0.5 points |
| Q4 2025 | 17% | +3.5 points |
| Q3 2025 | 13% | +1.3 points |
| Q2 2025 | 12% | +7 points |
| Q1 2025 | 11% | +6.9 points |
| Q4 2024 | 14% | +3.3 points |
ERIC's operating margin was 15% last quarter, up 1.7 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 ERIC on cash flow, with more consistent year-over-year improvement.
ERIC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $535.9M | -27% |
| Q2 2026 | $128.9M | -64% |
| Q1 2026 | $706.5M | +107% |
| Q4 2025 | $1.5B | -17% |
| Q3 2025 | $729.6M | -45% |
| Q2 2025 | $354.2M | -59% |
| Q1 2025 | $342M | -29% |
| Q4 2024 | $1.8B | +38% |
ERIC still generates free cash flow, though less than at its 2022 peak: $2.9B over the past year.
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.
ERIC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.3% | -44M shares |
| 1 year | -1.9% | -64M shares |
| 3 years | -1.6% | -52M shares |
| 5 years | -1.7% | -55M shares |
| Available history | -1.4% | -48M shares |
ERIC has 3.3B diluted shares, down 1.9% from a year ago, with $795M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $454.9M |
| Q2 2026 | $339.8M |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
ERIC spent $795M buying back its own shares over the past year, after none 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).
ERIC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | -0.1x | Net Cash |
| Q1 2026 | -0.3x | Net Cash |
| Q4 2025 | 0.0x | Very low |
| Q3 2025 | 0.0x | Very low |
| Q2 2025 | 0.3x | Very low |
| Q1 2025 | -0.1x | Net Cash |
| Q4 2024 | 0.1x | Very low |
ERIC 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).
ERIC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 51.2 | Neutral |
| Stochastic | 75.8 | Neutral |
ERIC's weekly RSI is 51 (neutral) and its Stochastic is 76 (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.
ERIC PE vs Technology Sector
| Metric | ERIC | Sector median | Relative |
|---|---|---|---|
| PE | 18x | 28x | 34% below |
| PE % | 64 | 35 | 29 pts above |
ERIC 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 ERIC on trend strength, trading above more of its moving averages.
ERIC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $10.2 | 4% above |
| 20 week MA | $10.2 | 4% above |
| 50 week MA | $10.8 | 1.4% below |
| 100 week MA | $9.51 | 12% above |
| 200 week MA | $7.71 | 38% above |
ERIC's trend is mixed: it's above four of its five weekly moving averages, and 38% 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 ERIC on returns for 2026, with the stronger performance.
ERIC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $8.86 | $11.8 | +33% |
| 2021 | $11.8 | $10.8 | -8.4% |
| 2022 | $10.8 | $5.89 | -45% |
| 2023 | $5.89 | $6.30 | +7% |
| 2024 | $6.30 | $8.10 | +29% |
| 2025 | $8.10 | $9.68 | +20% |
| 2026 YTD | $9.68 | $10.6 | +9.6% |
ERIC has finished higher in four of the last six years. It's up 9.6% so far in 2026.