AAPL
Apple Inc.
AAPL has lower modeled downside risk, despite its lower overall score.
PGY
Pagaya Technologies Ltd.
PGY 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.
PGY Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Healthy |
PGY's revenue, profitability, cash flow and balance sheet are all currently healthy.
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.
PGY PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 7.5x | $16.87 | — |
| Current | 10x | $16.87 | — |
| Cheap | 12x | $20.59 | +22% |
| Fair | 14x | $23.20 | +38% |
| Expensive | 15x | $26.10 | +55% |
Historical ranges are pointers, not guarantees.
PGY 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.
PGY Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
PGY 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 PGY on earnings, with more consistent year-over-year improvement.
PGY Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.24 | +33% |
| Q3 2026 | $1.69 | +$4.52 |
| Q2 2026 | $1.40 | +$5.39 |
| Q1 2026 | $1.11 | +$6.34 |
| Q4 2025 | $0.93 | +$6.59 |
| Q3 2025 | -$2.83 | -$0.30 |
| Q2 2025 | -$3.99 | -$2.06 |
| Q1 2025 | -$5.23 | -$3.82 |
| Q4 2024 | -$5.66 | -$3.55 |
PGY has returned to profit: it earned $1.69 per share over the past year, after losing money the year before.
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 PGY on profitability, with a higher operating margin.
PGY Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $390.5M | +12% |
| Q2 2026 | $387M | +19% |
| Q1 2026 | $317.9M | +9.6% |
| Q4 2025 | $334.8M | +20% |
| Q3 2025 | $350.2M | +36% |
| Q2 2025 | $326.4M | +30% |
| Q1 2025 | $290M | +18% |
| Q4 2024 | $279.4M | +33% |
PGY has the edge over AAPL on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 29% | +6 points |
| Q2 2026 | 27% | +10 points |
| Q1 2026 | 25% | +8.7 points |
| Q4 2025 | 24% | +12 points |
| Q3 2025 | 23% | +14 points |
| Q2 2025 | 17% | +15 points |
| Q1 2025 | 16% | +13 points |
| Q4 2024 | 11% | +6.3 points |
PGY's operating margin was 29% last quarter, up 6 points from the same quarter a year ago, near the top of its range since 2020.
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.
PGY Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $45.8M | -28% |
| Q2 2026 | $71.3M | +33% |
| Q1 2026 | $40M | +31% |
| Q4 2025 | $76.7M | +173% |
| Q3 2025 | $63.8M | +$69.5M |
| Q2 2025 | $53.6M | +382% |
| Q1 2025 | $30.7M | +100% |
| Q4 2024 | $28.1M | +96% |
PGY 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 the edge over PGY 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.
PGY Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.3% | +1.2M shares |
| 1 year | +8.2% | +7.4M shares |
| 3 years | +62% | +37.8M shares |
| 5 years | +510% | +82.3M shares |
PGY has 98M diluted shares, up 8.2% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
| Q1 2023 | — |
| Q4 2022 | — |
| Q3 2022 | — |
| Q2 2022 | — |
| Q1 2022 | — |
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 PGY on leverage, with a lower net debt burden relative to earnings.
PGY Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.6x | Very low |
| Q2 2026 | 0.4x | Very low |
| Q1 2026 | 0.3x | Very low |
| Q4 2025 | 0.4x | Very low |
| Q3 2025 | 0.3x | Very low |
| Q2 2025 | -0.2x | Net Cash |
| Q1 2025 | 1.0x | Very low |
| Q4 2024 | 1.4x | Healthy |
PGY'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).
PGY Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 45.3 | Neutral |
| Stochastic | 24.3 | Neutral |
PGY's weekly RSI is 45 (neutral) and its Stochastic is 24 (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.
PGY PE vs Technology Sector
| Metric | PGY | Sector median | Relative |
|---|---|---|---|
| PE | 10x | 28x | 64% below |
| PE % | 0 | 42 | 42 pts below |
PGY 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 PGY on trend strength, trading above more of its moving averages.
PGY Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $18.0 | 6.1% below |
| 20 week MA | $19.1 | 12% below |
| 50 week MA | $17.4 | 2.8% below |
| 100 week MA | $18.8 | 10% below |
| 200 week MA | $16.7 | 1.1% above |
PGY has fallen below most of its moving averages, though it's still 1.1% 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 PGY on returns for 2026, with the stronger performance.
PGY Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $117.2 | $118.7 | +1.2% |
| 2022 | $118.7 | $10.1 | -92% |
| 2023 | $10.1 | $16.6 | +65% |
| 2024 | $16.6 | $9.65 | -42% |
| 2025 | $9.65 | $21.9 | +126% |
| 2026 YTD | $21.9 | $16.9 | -23% |
PGY's yearly returns have swung widely, from +126% in 2025 to −92% in 2022. It's down 23% so far in 2026.