AAPL
Apple Inc.
AAPL has a slight edge over LDOS overall, supported by stronger fundamentals and lower modeled downside.
LDOS
Leidos Holdings, Inc.
LDOS offers stronger valuation, 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.
LDOS Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Stable |
LDOS'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.
LDOS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 11x | $131 | — |
| Current | 12x | $131 | — |
| Cheap | 16x | $180 | +37% |
| Fair | 19x | $218 | +66% |
| Expensive | 25x | $277 | +111% |
Historical ranges are pointers, not guarantees.
LDOS 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.
LDOS Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Stable | |
| Stable | |
| Stable | |
| Limited | |
| Moderate |
Analysts expect LDOS's earnings, revenue and profitability to hold roughly 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 earned $8.98 per share over the past year, up 20% from the year before.
LDOS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $11.56 | +3.3% |
| Q3 2026 | $11.19 | +4.6% |
| Q2 2026 | $10.73 | +1.6% |
| Q1 2026 | $10.93 | +10% |
| Q4 2025 | $11.14 | +21% |
| Q3 2025 | $10.70 | +22% |
| Q2 2025 | $10.56 | +229% |
| Q1 2025 | $9.92 | +324% |
| Q4 2024 | $9.22 | +540% |
LDOS's earnings per share have climbed steadily: $11.19 over the past year, up 4.6% from the year before, and higher year over year for nine 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 LDOS 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 LDOS on profitability, with a higher operating margin.
LDOS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4.6B | +3.6% |
| Q2 2026 | $4.6B | +7.2% |
| Q1 2026 | $4.4B | +3.7% |
| Q4 2025 | $4.2B | -3.6% |
| Q3 2025 | $4.5B | +6.7% |
| Q2 2025 | $4.3B | +2.9% |
| Q1 2025 | $4.2B | +6.8% |
| Q4 2024 | $4.4B | +9.7% |
LDOS's revenue grew through 2025 and has held roughly level since: $4.6B last quarter, up 3.6% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 12% | 0 points |
| Q2 2026 | 11% | -2.2 points |
| Q1 2026 | 12% | -0.9 points |
| Q4 2025 | 11% | +1.6 points |
| Q3 2025 | 12% | -0.3 points |
| Q2 2025 | 13% | +1.9 points |
| Q1 2025 | 12% | +2.1 points |
| Q4 2024 | 9.6% | +0.6 points |
LDOS's operating margin was 12% last quarter, about level with 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's free cash flow has been positive every quarter for seven years: $136B over the past year, up 38% from the year before.
LDOS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $476M | -30% |
| Q2 2026 | $761M | +67% |
| Q1 2026 | $270M | +650% |
| Q4 2025 | $452M | +112% |
| Q3 2025 | $680M | +7.4% |
| Q2 2025 | $457M | +30% |
| Q1 2025 | $36M | -22% |
| Q4 2024 | $213M | -5.8% |
LDOS has the edge over AAPL on cash flow, with stronger typical year-over-year growth.
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.
LDOS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.8% | -1M shares |
| 1 year | -3.8% | -5M shares |
| 3 years | -8.8% | -12M shares |
| 5 years | -13% | -18M shares |
| Available history | -14% | -20M shares |
LDOS has the edge over AAPL on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $500M |
| Q2 2026 | $66M |
| Q1 2026 | $200M |
| Q4 2025 | $300M |
| Q3 2025 | $100M |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | $400M |
LDOS spent $1.1B buying back its own shares over the past year, up 113% 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 LDOS on leverage, with a lower net debt burden relative to earnings.
LDOS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.3x | Moderate |
| Q2 2026 | 2.3x | Moderate |
| Q1 2026 | 2.5x | Moderate |
| Q4 2025 | 1.5x | Healthy |
| Q3 2025 | 1.6x | Healthy |
| Q2 2025 | 1.8x | Healthy |
| Q1 2025 | 1.9x | Healthy |
| Q4 2024 | 1.8x | Healthy |
LDOS's net debt is about 2.3 years of its operating earnings (EBITDA), up from 1.6 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).
LDOS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 48.7 | Neutral |
| Stochastic | 66.9 | Neutral |
LDOS's weekly RSI is 49 (neutral) and its Stochastic is 67 (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.
LDOS PE vs Technology Sector
| Metric | LDOS | Sector median | Relative |
|---|---|---|---|
| PE | 12x | 28x | 58% below |
| PE % | 4 | 35 | 31 pts below |
LDOS 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 LDOS on trend strength, trading above more of its moving averages.
LDOS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $128.8 | 1.8% above |
| 20 week MA | $126.7 | 3.5% above |
| 50 week MA | $147.1 | 11% below |
| 100 week MA | $153.6 | 15% below |
| 200 week MA | $136.5 | 3.9% below |
LDOS has bounced recently, but its long-term trend is still down: it's above its 8- and 20-week averages, but 3.9% below 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 LDOS on returns for 2026, with the stronger performance.
LDOS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $98.2 | $104.2 | +6.1% |
| 2021 | $104.2 | $87.4 | -16% |
| 2022 | $87.4 | $105.2 | +20% |
| 2023 | $105.2 | $108.2 | +2.9% |
| 2024 | $108.2 | $144.5 | +33% |
| 2025 | $144.5 | $185.9 | +29% |
| 2026 YTD | $185.9 | $131.1 | -29% |
LDOS has finished higher in five of the last six years. It's down 29% so far in 2026.