AAPL
Apple Inc.
AAPL has lower modeled downside risk, despite its lower overall score.
PI
Impinj, Inc.
PI has a slight 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.
PI Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Strong | |
| Weak |
PI's revenue and cash flow are currently healthy, and its profitability is stable, but its balance sheet 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.
PI PE Valuation
PI has no meaningful PE right now: it lost money over the past year.
AAPL Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Growth | |
| Weakening | |
| Moderate | |
| Moderate |
Analysts expect earnings and revenue growth for AAPL, but weaker profitability.
PI Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| High |
PI has the edge over AAPL on the outlook, with more favorable 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 PI on earnings quality, reporting a profit while its opponent remains loss making.
PI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.73 | — |
| Q3 2026 | -$0.31 | +$0.10 |
| Q2 2026 | -$0.90 | -2350% |
| Q1 2026 | -$0.90 | -$0.89 |
| Q4 2025 | -$0.37 | -127% |
| Q3 2025 | -$0.41 | -146% |
| Q2 2025 | $0.04 | -86% |
| Q1 2025 | -$0.01 | +$0.34 |
| Q4 2024 | $1.39 | +$3.01 |
PI is still losing money, but far less than before: $0.31 per share over the past year, against $2.49 at its worst in early 2021.
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 PI 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 PI on profitability, with a higher operating margin.
PI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $112.1M | +17% |
| Q2 2026 | $108.4M | +11% |
| Q1 2026 | $74.3M | 0% |
| Q4 2025 | $92.8M | +1.4% |
| Q3 2025 | $96.1M | +0.9% |
| Q2 2025 | $97.9M | -4.5% |
| Q1 2025 | $74.3M | -3.3% |
| Q4 2024 | $91.6M | +30% |
PI's revenue is growing: $112M last quarter, up 17% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 4.1% | +3.4 points |
| Q2 2026 | 9.7% | -1.4 points |
| Q1 2026 | -20% | -7.5 points |
| Q4 2025 | -2.9% | +1 points |
| Q3 2025 | 0.7% | +1.5 points |
| Q2 2025 | 11% | +2.3 points |
| Q1 2025 | -13% | +2.4 points |
| Q4 2024 | -4% | +17 points |
PI's operating margin was 4.1% last quarter, up 3.4 points from 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.
PI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $20.6M | +15% |
| Q2 2026 | $29.2M | +6.8% |
| Q1 2026 | $2.2M | +$15.2M |
| Q4 2025 | $13.6M | +60% |
| Q3 2025 | $18M | +286% |
| Q2 2025 | $27.3M | -38% |
| Q1 2025 | -$13M | -124% |
| Q4 2024 | $8.5M | +$9.7M |
PI 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 PI 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.
PI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.6% | +490K shares |
| 1 year | +7.4% | +2.2M shares |
| 3 years | +17% | +4.6M shares |
| 5 years | +29% | +7.2M shares |
| Available history | +44% | +9.6M shares |
PI has 31M diluted shares, up 7.4% from a year ago.
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 PI on leverage, with a lower net debt burden relative to earnings.
PI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 11.6x | High |
| Q2 2026 | 23.0x | High |
| Q1 2026 | 23.2x | High |
| Q4 2025 | 16.3x | High |
| Q3 2025 | 17.8x | High |
| Q2 2025 | 22.3x | High |
| Q1 2025 | 26.8x | High |
| Q4 2024 | 36.4x | High |
PI's net debt is about 12 years of its operating earnings (EBITDA), down from 18 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).
PI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 55.0 | Neutral |
| Stochastic | 50.4 | Neutral |
PI's weekly RSI is 55 (neutral) and its Stochastic is 50 (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.
PI PE vs Technology Sector
| Metric | PI | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
PI has no meaningful PE right now: it lost money over the past year.
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 PI on trend strength, trading above more of its moving averages.
PI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $178.3 | 1.6% below |
| 20 week MA | $167.6 | 4.6% above |
| 50 week MA | $148.3 | 18% above |
| 100 week MA | $141.5 | 24% above |
| 200 week MA | $132.1 | 33% above |
PI's trend is up, with a small recent dip: it's below only its 8-week average, and 33% 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 PI on returns for 2026, with the stronger performance.
PI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $26.7 | $42.6 | +60% |
| 2021 | $42.6 | $90.2 | +112% |
| 2022 | $90.2 | $111.9 | +24% |
| 2023 | $111.9 | $90.0 | -20% |
| 2024 | $90.0 | $147.9 | +64% |
| 2025 | $147.9 | $174.0 | +18% |
| 2026 YTD | $174.0 | $175.3 | +0.8% |
PI has finished higher in five of the last six years, three of them by more than 50%. It's up 0.8% so far in 2026.