AAPL
Apple Inc.
AAPL has lower modeled downside risk, despite its lower overall score.
PUBM
PubMatic, Inc.
PUBM 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.
PUBM Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Healthy | |
| Strong |
PUBM's revenue, cash flow and balance sheet are currently healthy, and its profitability is 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.
PUBM PE Valuation
PUBM has no meaningful PE right now: it lost money over the past year. If it returns to profit as analysts expect, today's price would be 99x next year's earnings.
AAPL Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Growth | |
| Weakening | |
| Moderate | |
| Moderate |
Analysts expect earnings and revenue growth for AAPL, but weaker profitability.
PUBM Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
PUBM 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 PUBM on earnings quality, reporting a profit while its opponent remains loss making.
PUBM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.19 | — |
| Q3 2026 | -$0.05 | +$0.14 |
| Q2 2026 | -$0.30 | -$0.23 |
| Q1 2026 | -$0.38 | -575% |
| Q4 2025 | -$0.31 | -235% |
| Q3 2025 | -$0.19 | -246% |
| Q2 2025 | -$0.07 | -139% |
| Q1 2025 | $0.08 | +167% |
| Q4 2024 | $0.23 | +$0.26 |
PUBM lost $0.05 per share over the past year, a smaller loss than 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 has the edge over PUBM 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 PUBM on profitability, with a higher operating margin.
PUBM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $79.6M | +17% |
| Q2 2026 | $78.6M | +11% |
| Q1 2026 | $62.6M | -2% |
| Q4 2025 | $80M | -6.4% |
| Q3 2025 | $68M | -5.3% |
| Q2 2025 | $71.1M | +5.7% |
| Q1 2025 | $63.8M | -4.3% |
| Q4 2024 | $85.5M | +1.1% |
PUBM's revenue is growing: $80M last quarter, up 17% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 11% | +23 points |
| Q2 2026 | 0.7% | +8.4 points |
| Q1 2026 | -24% | -5.8 points |
| Q4 2025 | 11% | -6.7 points |
| Q3 2025 | -12% | -11 points |
| Q2 2025 | -7.7% | -1.8 points |
| Q1 2025 | -19% | -10 points |
| Q4 2024 | 17% | -6.8 points |
PUBM's operating margin was 11% last quarter, up 23 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 has the edge over PUBM on cash flow, with more consistent year-over-year improvement.
PUBM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $20.9M | -25% |
| Q2 2026 | $17.3M | +27% |
| Q1 2026 | $17.3M | +22% |
| Q4 2025 | $11.3M | -18% |
| Q3 2025 | $27.7M | +274% |
| Q2 2025 | $13.6M | +21% |
| Q1 2025 | $14.2M | -40% |
| Q4 2024 | $13.7M | -42% |
PUBM generated $67M in free cash flow over the past year, down 3.6% from the year before.
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 PUBM 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.
PUBM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +9.3% | +4.3M shares |
| 1 year | +9.8% | +4.5M shares |
| 3 years | -9.9% | -5.6M shares |
| 5 years | -11% | -6.1M shares |
| Available history | +16% | +6.8M shares |
PUBM has 50M diluted shares, up 9.8% from a year ago, despite $47M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $15M |
| Q2 2026 | $22M |
| Q1 2026 | $8.5M |
| Q4 2025 | $1.2M |
| Q3 2025 | $4M |
| Q2 2025 | $38.6M |
| Q1 2025 | $5M |
| Q4 2024 | $9.9M |
PUBM spent $47M buying back its own shares over the past year, down 19% 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's net debt is less than a year of its operating earnings (EBITDA).
PUBM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2025 | -83.6x | Net Cash |
| Q3 2025 | -13.1x | Net Cash |
| Q2 2025 | -4.7x | Net Cash |
| Q1 2025 | -4.7x | Net Cash |
| Q4 2024 | -3.5x | Net Cash |
| Q3 2024 | -2.2x | Net Cash |
| Q2 2024 | -2.0x | Net Cash |
| Q1 2024 | -2.3x | Net Cash |
PUBM has more cash than debt.
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).
PUBM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 65.8 | Neutral |
| Stochastic | 71.0 | Neutral |
PUBM's weekly RSI is 66 (neutral) and its Stochastic is 71 (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.
PUBM PE vs Technology Sector
| Metric | PUBM | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
PUBM 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 is in an uptrend: it's above all five of its weekly moving averages, and 57% above its 200-week average.
PUBM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $17.8 | 7% above |
| 20 week MA | $16.3 | 17% above |
| 50 week MA | $12.0 | 59% above |
| 100 week MA | $11.4 | 66% above |
| 200 week MA | $14.1 | 35% above |
PUBM has climbed back above all five of its weekly moving averages, and it's now 35% 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.
PUBM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $25.1 | $30.4 | +22% |
| 2021 | $30.4 | $34.8 | +14% |
| 2022 | $34.8 | $12.6 | -64% |
| 2023 | $12.6 | $16.3 | +29% |
| 2024 | $16.3 | $15.1 | -7.4% |
| 2025 | $15.1 | $8.98 | -41% |
| 2026 YTD | $8.98 | $19.0 | +112% |
PUBM has the edge over AAPL on returns for 2026, with the stronger performance.