AAPL
Apple Inc.
AAPL has lower modeled downside risk, despite its lower overall score.
PENG
Penguin Solutions, Inc.
PENG 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.
PENG Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Weak | |
| Healthy |
PENG's revenue, profitability and balance sheet are currently healthy, but its cash flow is weak.
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.
PENG PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 11x | $50.10 | — |
| Current | 19x | $50.10 | — |
| Cheap | 36x | $93.86 | +87% |
| Fair | 66x | $171 | +240% |
| Expensive | 83x | $215 | +330% |
Historical ranges are pointers, not guarantees.
PENG 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.
PENG Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
PENG 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.
PENG Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.56 | +76% |
| Q3 2026 | $2.59 | +793% |
| Q2 2026 | $1.41 | +$1.69 |
| Q1 2026 | $0.72 | +$0.89 |
| Q4 2025 | $0.23 | +$0.75 |
| Q3 2025 | $0.29 | +$1.29 |
| Q2 2025 | -$0.28 | +$2.80 |
| Q1 2025 | -$0.17 | +$3.51 |
| Q4 2024 | -$0.52 | +$3.45 |
PENG 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's revenue has grown year over year for 10 quarters in a row: $114B last quarter, up 12% from the same quarter a year ago.
| 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 PENG on profitability, with a higher operating margin.
PENG Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $566.7M | +68% |
| Q2 2026 | $478.7M | +48% |
| Q1 2026 | $343M | -6.2% |
| Q4 2025 | $343.1M | +0.6% |
| Q3 2025 | $337.9M | +8.6% |
| Q2 2025 | $324.3M | +7.9% |
| Q1 2025 | $365.5M | +28% |
| Q4 2024 | $341.1M | +24% |
PENG's revenue is growing: $567M last quarter, up 68% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 12% | +8.6 points |
| Q2 2026 | 11% | +7.6 points |
| Q1 2026 | 7.5% | +2.4 points |
| Q4 2025 | 5.7% | +0.6 points |
| Q3 2025 | 3.7% | +0.9 points |
| Q2 2025 | 3% | -0.8 points |
| Q1 2025 | 5.1% | +6.2 points |
| Q4 2024 | 5.1% | +4.6 points |
PENG's operating margin was 12% last quarter, up 8.6 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 PENG on cash generation, producing positive trailing cash flow while its opponent burns cash.
PENG Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$167.4M | -$94.1M |
| Q2 2026 | -$77.6M | -185% |
| Q1 2026 | $53.3M | -24% |
| Q4 2025 | $28.2M | +135% |
| Q3 2025 | -$73.4M | -$55.4M |
| Q2 2025 | $90.9M | +20% |
| Q1 2025 | $70.5M | +$97.7M |
| Q4 2024 | $12M | -55% |
PENG's free cash flow has turned negative after years in the green: −$163M 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 PENG 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.
PENG Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +16% | +9M shares |
| 1 year | +18% | +9.7M shares |
| 3 years | +15% | +8.5M shares |
| 5 years | +24% | +12.5M shares |
| Available history | +32% | +15.5M shares |
PENG has 64M diluted shares, up 18% from a year ago, despite $74M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $5.5M |
| Q2 2026 | $11.8M |
| Q1 2026 | $36.9M |
| Q4 2025 | $20.2M |
| Q3 2025 | $3.1M |
| Q2 2025 | $31.6M |
| Q1 2025 | $6.5M |
| Q4 2024 | $11.1M |
PENG spent $74M buying back its own shares over the past year, up 42% 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 PENG on leverage, with a lower net debt burden relative to earnings.
PENG Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.7x | Very low |
| Q2 2026 | 0.0x | Very low |
| Q1 2026 | -0.4x | Net Cash |
| Q4 2025 | 0.0x | Very low |
| Q3 2025 | 0.1x | Very low |
| Q2 2025 | -0.5x | Net Cash |
| Q1 2025 | 0.3x | Very low |
| Q4 2024 | 3.0x | Moderate |
PENG's net debt is less than a year of its operating earnings (EBITDA).
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).
PENG Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 49.1 | Neutral |
| Stochastic | 21.3 | Neutral |
PENG's weekly RSI is 49 (neutral) and its Stochastic is 21 (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.
PENG PE vs Technology Sector
| Metric | PENG | Sector median | Relative |
|---|---|---|---|
| PE | 19x | 28x | 31% below |
| PE % | 2 | 35 | 33 pts below |
PENG 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 PENG on trend strength, trading above more of its moving averages.
PENG Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $56.0 | 11% below |
| 20 week MA | $56.8 | 12% below |
| 50 week MA | $41.0 | 22% above |
| 100 week MA | $30.9 | 62% above |
| 200 week MA | $25.6 | 96% above |
PENG has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 96% 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 finished higher in five of the last six years. It's up 30% so far in 2026.
PENG Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $19.1 | $17.7 | -7.3% |
| 2021 | $17.7 | $33.4 | +89% |
| 2022 | $33.4 | $15.3 | -54% |
| 2023 | $15.3 | $18.9 | +24% |
| 2024 | $18.9 | $19.4 | +2.3% |
| 2025 | $19.4 | $20.3 | +4.7% |
| 2026 YTD | $20.3 | $50.1 | +147% |
PENG has the edge over AAPL on returns for 2026, with the stronger performance.