AAPL
Apple Inc.
AAPL has the edge over IDCC overall, supported by stronger fundamentals and lower modeled downside.
IDCC
InterDigital, Inc.
IDCC offers stronger modeled upside, 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.
IDCC Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Strong |
IDCC'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 IDCC in the historical PE scenario, which offers more potential upside but is not a forecast.
IDCC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 15x | $137 | -54% |
| Fair | 25x | $221 | -25% |
| Current | 33x | $295 | — |
| Forward | 45x | $295 | — |
| Expensive | 65x | $579 | +96% |
Historical ranges are pointers, not guarantees.
IDCC's PE is in its fair range at 33x. On analysts' estimates for next year's earnings, today's price would be 45x, in its expensive range.
AAPL Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Growth | |
| Weakening | |
| Moderate | |
| Moderate |
Analysts expect earnings and revenue growth for AAPL, but weaker profitability.
IDCC Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Strong growth | |
| Stable | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect IDCC's earnings to grow and its profitability to improve, with its revenue 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 IDCC on earnings, with more consistent year-over-year improvement.
IDCC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.58 | -26% |
| Q3 2026 | $8.95 | -40% |
| Q2 2026 | $8.54 | -39% |
| Q1 2026 | $10.49 | -17% |
| Q4 2025 | $11.80 | -2.2% |
| Q3 2025 | $14.85 | +57% |
| Q2 2025 | $14.06 | +40% |
| Q1 2025 | $12.64 | +83% |
| Q4 2024 | $12.07 | +58% |
IDCC's earnings per share have fallen from their peak: $8.95 over the past year, against $14.85 in late 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 IDCC 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's operating margin was 31% last quarter, down 0.5 points from the same quarter a year ago.
IDCC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $193.4M | +17% |
| Q2 2026 | $260.2M | -13% |
| Q1 2026 | $205.4M | -2.4% |
| Q4 2025 | $158.2M | -37% |
| Q3 2025 | $164.7M | +28% |
| Q2 2025 | $300.6M | +34% |
| Q1 2025 | $210.5M | -20% |
| Q4 2024 | $252.8M | +140% |
IDCC's revenue is recovering but still below its 2025 peak: $193M last quarter, up 17% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 51% | +5.3 points |
| Q2 2026 | 54% | -15 points |
| Q1 2026 | 40% | -23 points |
| Q4 2025 | 30% | -34 points |
| Q3 2025 | 46% | +16 points |
| Q2 2025 | 68% | +8.4 points |
| Q1 2025 | 63% | +23 points |
| Q4 2024 | 64% | +40 points |
IDCC has the edge over AAPL on profitability, with a higher operating margin.
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 IDCC on cash flow, with more consistent year-over-year improvement.
IDCC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $149.4M | -62% |
| Q2 2026 | $80.9M | -23% |
| Q1 2026 | $15.2M | +$49.7M |
| Q4 2025 | $63.2M | -66% |
| Q3 2025 | $395.3M | +415% |
| Q2 2025 | $104.5M | +$154M |
| Q1 2025 | -$34.5M | -169% |
| Q4 2024 | $188.1M | +$212.8M |
IDCC still generates free cash flow, though less than at its 2025 peak: $309M 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 the edge over IDCC 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.
IDCC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -46K shares |
| 1 year | +1.4% | +489K shares |
| 3 years | +24% | +6.6M shares |
| 5 years | +9.7% | +3M shares |
| Available history | +7.6% | +2.4M shares |
IDCC has 34M diluted shares, up 1.4% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $18.7M |
| Q2 2026 | $23M |
| Q1 2026 | $8.2M |
| Q4 2025 | $35.7M |
| Q3 2025 | $35.3M |
| Q2 2025 | $26.2M |
| Q1 2025 | $5.2M |
| Q4 2024 | — |
IDCC spent $86M buying back its own shares over the past year, up 28% 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).
IDCC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.7x | Net Cash |
| Q2 2026 | -0.5x | Net Cash |
| Q1 2026 | -0.5x | Net Cash |
| Q4 2025 | -0.5x | Net Cash |
| Q3 2025 | -0.6x | Net Cash |
| Q2 2025 | -0.1x | Net Cash |
| Q1 2025 | -0.1x | Net Cash |
| Q4 2024 | -0.1x | Net Cash |
IDCC 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).
IDCC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 44.8 | Neutral |
| Stochastic | 27.0 | Neutral |
IDCC's weekly RSI is 45 (neutral) and its Stochastic is 27 (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.
IDCC PE vs Technology Sector
| Metric | IDCC | Sector median | Relative |
|---|---|---|---|
| PE | 33x | 28x | 18% above |
| PE % | 64 | 35 | 29 pts above |
IDCC 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 IDCC on trend strength, trading above more of its moving averages.
IDCC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $317.4 | 6.9% below |
| 20 week MA | $314.3 | 6% below |
| 50 week MA | $318.9 | 7.4% below |
| 100 week MA | $284.1 | 4% above |
| 200 week MA | $195.1 | 51% above |
IDCC has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 51% 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 IDCC on returns for 2026, with the stronger performance.
IDCC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $55.0 | $61.2 | +11% |
| 2021 | $61.2 | $72.6 | +19% |
| 2022 | $72.6 | $49.7 | -32% |
| 2023 | $49.7 | $108.5 | +118% |
| 2024 | $108.5 | $194.9 | +80% |
| 2025 | $194.9 | $330.7 | +70% |
| 2026 YTD | $330.7 | $295.4 | -11% |
IDCC has finished higher in five of the last six years, three of them by more than 50%. It's down 11% so far in 2026.