AAPL
Apple Inc.
AAPL offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
FTV
Fortive Corporation
FTV 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.
FTV Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Strong | |
| Strong | |
| Stable |
FTV's profitability and cash flow are currently strong, and its balance sheet is stable, but its revenue 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 has the edge over FTV in the historical PE scenario, which offers more potential upside but is not a forecast.
FTV PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 18x | $38.69 | -43% |
| Forward | 21x | $67.85 | — |
| Fair | 32x | $66.41 | -2.1% |
| Current | 32x | $67.85 | — |
| Expensive | 36x | $76.57 | +13% |
Historical ranges are pointers, not guarantees.
FTV's PE is in its fair range at 32x. If earnings grow as analysts expect, today's price would be 21x 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.
FTV Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
FTV 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 FTV on earnings, with more consistent year-over-year improvement.
FTV Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.27 | +56% |
| Q3 2026 | $2.10 | +20% |
| Q2 2026 | $1.69 | -24% |
| Q1 2026 | $1.67 | -27% |
| Q4 2025 | $1.73 | -27% |
| Q3 2025 | $1.75 | -30% |
| Q2 2025 | $2.22 | -10% |
| Q1 2025 | $2.28 | -9.5% |
| Q4 2024 | $2.36 | -2.9% |
FTV's earnings per share have fallen from their peak: $2.10 over the past year, against $4.73 in mid-2021.
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 FTV 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 FTV on profitability, with a higher operating margin.
FTV Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.1B | +7.8% |
| Q2 2026 | $1.1B | -28% |
| Q1 2026 | $1.1B | -27% |
| Q4 2025 | $1.1B | -31% |
| Q3 2025 | $1B | -33% |
| Q2 2025 | $1.5B | -2.2% |
| Q1 2025 | $1.5B | -3.3% |
| Q4 2024 | $1.6B | +2.3% |
FTV's revenue is recovering but still below its 2019 peak: $1.1B last quarter, up 7.8% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 21% | +5.8 points |
| Q2 2026 | 19% | +4.5 points |
| Q1 2026 | 18% | +2.1 points |
| Q4 2025 | 20% | +1.1 points |
| Q3 2025 | 16% | -3.7 points |
| Q2 2025 | 15% | -4.8 points |
| Q1 2025 | 16% | -4 points |
| Q4 2024 | 19% | -0.7 points |
FTV's operating margin was 21% last quarter, up 5.8 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 has the edge over FTV on cash flow, with more consistent year-over-year improvement.
FTV Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $283.7M | +109% |
| Q2 2026 | $258.1M | -6% |
| Q1 2026 | $208.2M | -3.2% |
| Q4 2025 | $335.5M | -28% |
| Q3 2025 | $135.8M | -69% |
| Q2 2025 | $274.5M | -1.9% |
| Q1 2025 | $215M | -6.6% |
| Q4 2024 | $465.2M | +13% |
FTV's free cash flow has been positive every quarter for seven years: $1.1B over the past year, about the same as 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.
FTV Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.2% | -3.7M shares |
| 1 year | -8.8% | -29.5M shares |
| 3 years | -15% | -52.2M shares |
| 5 years | -16% | -58.3M shares |
| Available history | -11% | -36.1M shares |
FTV has the edge over AAPL on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $300.1M |
| Q2 2026 | $200.1M |
| Q1 2026 | $500.2M |
| Q4 2025 | $265M |
| Q3 2025 | $1B |
| Q2 2025 | $141.9M |
| Q1 2025 | $202.6M |
| Q4 2024 | $466.6M |
FTV spent $1.3B buying back its own shares over the past year, down 30% 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 has the edge over FTV on leverage, with a lower net debt burden relative to earnings.
FTV Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.4x | Moderate |
| Q2 2026 | 2.5x | Moderate |
| Q1 2026 | 2.5x | Moderate |
| Q4 2025 | 2.1x | Moderate |
| Q3 2025 | 2.2x | Moderate |
| Q2 2025 | 2.2x | Moderate |
| Q1 2025 | 2.2x | Moderate |
| Q4 2024 | 2.2x | Moderate |
FTV's net debt is about 2.4 years of its operating earnings (EBITDA), up from 2.2 years a year ago.
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).
FTV Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 69.7 | Neutral |
| Stochastic | 84.9 | Overbought |
FTV's weekly RSI is 70 (neutral) and its Stochastic is 85 (overbought).
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.
FTV PE vs Technology Sector
| Metric | FTV | Sector median | Relative |
|---|---|---|---|
| PE | 32x | 28x | 16% above |
| PE % | 54 | 35 | 19 pts above |
FTV 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 is in an uptrend: it's above all five of its weekly moving averages, and 57% above its 200-week average.
FTV Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $60.9 | 11% above |
| 20 week MA | $60.3 | 13% above |
| 50 week MA | $58.6 | 16% above |
| 100 week MA | $55.7 | 22% above |
| 200 week MA | $55.6 | 22% above |
FTV is in an uptrend: it's above all five of its weekly moving averages, and 22% 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 FTV on returns for 2026, with the stronger performance.
FTV Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $48.3 | $52.5 | +8.7% |
| 2021 | $52.5 | $56.1 | +7% |
| 2022 | $56.1 | $48.3 | -14% |
| 2023 | $48.3 | $55.5 | +15% |
| 2024 | $55.5 | $57.0 | +2.7% |
| 2025 | $57.0 | $55.7 | -2.3% |
| 2026 YTD | $55.7 | $67.9 | +22% |
FTV has finished higher in four of the last six years. It's up 22% so far in 2026.