AAPL
Apple Inc.
AAPL has lower modeled downside risk, despite its lower overall score.
QLYS
Qualys, Inc.
QLYS 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.
QLYS Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Strong |
QLYS'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.
QLYS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 20x | $173 | — |
| Cheap | 27x | $165 | -4.7% |
| Current | 29x | $173 | — |
| Fair | 45x | $270 | +56% |
| Expensive | 58x | $347 | +101% |
Historical ranges are pointers, not guarantees.
QLYS 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.
QLYS Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Strongly improving | |
| Moderate | |
| High |
QLYS 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.
QLYS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $8.54 | +42% |
| Q3 2026 | $6.01 | +16% |
| Q2 2026 | $5.78 | +15% |
| Q1 2026 | $5.57 | +14% |
| Q4 2025 | $5.44 | +17% |
| Q3 2025 | $5.16 | +14% |
| Q2 2025 | $5.01 | +11% |
| Q1 2025 | $4.89 | +13% |
| Q4 2024 | $4.65 | +15% |
QLYS's earnings per share have climbed steadily: $6.01 over the past year, up 16% from the year before, and higher year over year for 19 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 QLYS on sales, with stronger typical year-over-year growth.
| 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's operating margin was 31% last quarter, down 0.5 points from the same quarter a year ago.
QLYS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $188M | +11% |
| Q2 2026 | $182.2M | +11% |
| Q1 2026 | $175.6M | +9.8% |
| Q4 2025 | $175.3M | +10% |
| Q3 2025 | $169.9M | +10% |
| Q2 2025 | $164.1M | +10% |
| Q1 2025 | $159.9M | +9.7% |
| Q4 2024 | $159.2M | +10% |
QLYS's revenue has grown year over year every quarter since late 2020: $188M last quarter, up 11% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 35% | 0 points |
| Q2 2026 | 34% | +2.6 points |
| Q1 2026 | 35% | +2.3 points |
| Q4 2025 | 34% | +2.5 points |
| Q3 2025 | 35% | +6.1 points |
| Q2 2025 | 31% | -1 points |
| Q1 2025 | 32% | +1.7 points |
| Q4 2024 | 31% | +2.4 points |
QLYS has the edge over AAPL on profitability, with a higher operating margin.
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.
QLYS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $100M | +12% |
| Q2 2026 | $55.9M | +72% |
| Q1 2026 | $93.6M | -13% |
| Q4 2025 | $74.9M | +79% |
| Q3 2025 | $89.5M | +55% |
| Q2 2025 | $32.4M | -34% |
| Q1 2025 | $107.6M | +29% |
| Q4 2024 | $41.9M | +30% |
QLYS 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 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.
QLYS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.8% | +291K shares |
| 1 year | -2.7% | -972K shares |
| 3 years | -5.7% | -2.1M shares |
| 5 years | -12% | -4.6M shares |
| Available history | -15% | -6M shares |
QLYS has the edge over AAPL on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $54.2M |
| Q2 2026 | $77.9M |
| Q1 2026 | $53.5M |
| Q4 2025 | $44.7M |
| Q3 2025 | $49.2M |
| Q2 2025 | $49.9M |
| Q1 2025 | $39.7M |
| Q4 2024 | $42.7M |
QLYS spent $230M buying back its own shares over the past year, up 27% 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).
QLYS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.4x | Net Cash |
| Q2 2026 | -1.0x | Net Cash |
| Q1 2026 | -1.1x | Net Cash |
| Q4 2025 | -1.1x | Net Cash |
| Q3 2025 | -1.0x | Net Cash |
| Q2 2025 | -0.9x | Net Cash |
| Q1 2025 | -1.4x | Net Cash |
| Q4 2024 | -1.1x | Net Cash |
QLYS has the edge over AAPL on leverage, with a lower net debt burden relative to earnings.
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).
QLYS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 51.9 | Neutral |
| Stochastic | 55.4 | Neutral |
QLYS's weekly RSI is 52 (neutral) and its Stochastic is 55 (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.
QLYS PE vs Technology Sector
| Metric | QLYS | Sector median | Relative |
|---|---|---|---|
| PE | 29x | 28x | 3.4% above |
| PE % | 23 | 35 | 12 pts below |
QLYS 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 QLYS on trend strength, trading above more of its moving averages.
QLYS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $194.2 | 11% below |
| 20 week MA | $176.6 | 2% below |
| 50 week MA | $136.5 | 27% above |
| 100 week MA | $135.5 | 28% above |
| 200 week MA | $140.8 | 23% above |
QLYS has slipped below its 8- and 20-week averages, though it's still 23% 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 QLYS on returns for 2026, with the stronger performance.
QLYS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $84.6 | $120.4 | +42% |
| 2021 | $120.4 | $139.4 | +16% |
| 2022 | $139.4 | $111.3 | -20% |
| 2023 | $111.3 | $196.3 | +76% |
| 2024 | $196.3 | $139.8 | -29% |
| 2025 | $139.8 | $138.3 | -1.1% |
| 2026 YTD | $138.3 | $173.1 | +25% |
QLYS has finished lower in three of the last six years. It's up 25% so far in 2026.