AAPL
Apple Inc.
AAPL has lower modeled downside risk, despite its lower overall score.
ITRI
Itron, Inc.
ITRI has the 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.
ITRI Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Stable |
ITRI's profitability and cash flow are currently healthy, and its revenue and balance sheet are 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.
ITRI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 14x | $96.41 | — |
| Current | 16x | $96.41 | — |
| Cheap | 17x | $104 | +7.7% |
| Fair | 25x | $155 | +61% |
| Expensive | 58x | $357 | +270% |
Historical ranges are pointers, not guarantees.
ITRI has the edge over AAPL in the historical PE scenario, which offers more potential upside but is not a forecast.
AAPL Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Growth | |
| Weakening | |
| Moderate | |
| Moderate |
Analysts expect earnings and revenue growth for AAPL, but weaker profitability.
ITRI Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Stable | |
| Limited | |
| Low |
ITRI 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 earned $8.98 per share over the past year, up 20% from the year before.
ITRI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.78 | +9.7% |
| Q3 2026 | $6.18 | +11% |
| Q2 2026 | $5.98 | +2.2% |
| Q1 2026 | $6.26 | +14% |
| Q4 2025 | $6.50 | +25% |
| Q3 2025 | $5.56 | +14% |
| Q2 2025 | $5.85 | +44% |
| Q1 2025 | $5.48 | +57% |
| Q4 2024 | $5.18 | +145% |
ITRI's earnings per share have climbed steadily: $6.18 over the past year, up 11% from the year before, and higher year over year for 16 quarters in a row.
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 ITRI 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 ITRI on profitability, with a higher operating margin.
ITRI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $599.3M | +3% |
| Q2 2026 | $562.9M | -7.2% |
| Q1 2026 | $587M | -3.3% |
| Q4 2025 | $571.7M | -6.7% |
| Q3 2025 | $581.6M | -5.5% |
| Q2 2025 | $606.8M | -0.4% |
| Q1 2025 | $607.2M | +0.6% |
| Q4 2024 | $612.9M | +6.2% |
ITRI's revenue has held roughly level: $599M last quarter, up 3% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 16% | +1.9 points |
| Q2 2026 | 14% | +0.9 points |
| Q1 2026 | 12% | -1 points |
| Q4 2025 | 14% | +3.5 points |
| Q3 2025 | 14% | +2.1 points |
| Q2 2025 | 13% | +2 points |
| Q1 2025 | 13% | +2.1 points |
| Q4 2024 | 10% | +1.7 points |
ITRI's operating margin was 16% last quarter, up 1.9 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.
ITRI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $95.5M | -16% |
| Q2 2026 | $81.5M | -10% |
| Q1 2026 | $79M | +17% |
| Q4 2025 | $111.5M | +59% |
| Q3 2025 | $113.4M | +93% |
| Q2 2025 | $90.7M | +103% |
| Q1 2025 | $67.5M | +98% |
| Q4 2024 | $70.2M | +78% |
ITRI 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.
ITRI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.4% | -197K shares |
| 1 year | -4.8% | -2.2M shares |
| 3 years | -3.3% | -1.5M shares |
| 5 years | -1.8% | -829K shares |
| Available history | +11% | +4.4M shares |
ITRI has the edge over AAPL on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $52.2M |
| Q1 2026 | $100M |
| Q4 2025 | $100M |
| Q3 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q4 2023 | — |
ITRI spent $252M buying back its own shares over the past year.
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 ITRI on leverage, with a lower net debt burden relative to earnings.
ITRI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.9x | Healthy |
| Q2 2026 | 2.3x | Moderate |
| Q1 2026 | 2.4x | Moderate |
| Q4 2025 | 0.6x | Very low |
| Q3 2025 | -0.2x | Net Cash |
| Q2 2025 | 0.1x | Very low |
| Q1 2025 | 0.4x | Very low |
| Q4 2024 | 0.6x | Very low |
ITRI's net debt is about 1.9 years of its operating earnings (EBITDA), after holding more cash than debt 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).
ITRI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 55.3 | Neutral |
| Stochastic | 62.0 | Neutral |
ITRI's weekly RSI is 55 (neutral) and its Stochastic is 62 (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.
ITRI PE vs Technology Sector
| Metric | ITRI | Sector median | Relative |
|---|---|---|---|
| PE | 16x | 28x | 44% below |
| PE % | 13 | 35 | 22 pts below |
ITRI 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 ITRI on trend strength, trading above more of its moving averages.
ITRI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $90.4 | 6.6% above |
| 20 week MA | $92.4 | 4.4% above |
| 50 week MA | $91.5 | 5.3% above |
| 100 week MA | $102.9 | 6.3% below |
| 200 week MA | $92.0 | 4.8% above |
ITRI's trend is mixed: it's above four of its five weekly moving averages, and 4.8% 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 ITRI on returns for 2026, with the stronger performance.
ITRI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $83.8 | $93.9 | +12% |
| 2021 | $93.9 | $66.6 | -29% |
| 2022 | $66.6 | $49.6 | -26% |
| 2023 | $49.6 | $75.5 | +52% |
| 2024 | $75.5 | $109.2 | +45% |
| 2025 | $109.2 | $96.5 | -12% |
| 2026 YTD | $96.5 | $96.4 | -0.1% |
ITRI has finished lower in three of the last six years. It's roughly flat so far in 2026.