AAPL
Apple Inc.
AAPL has slightly lower modeled downside risk, despite its lower overall score.
TOST
Toast, Inc.
TOST 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.
TOST Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Healthy | |
| Healthy |
TOST'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.
TOST PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 20x | $33.52 | — |
| Current | 36x | $33.52 | — |
| Cheap | 40x | $37.16 | +11% |
| Fair | 72x | $67.15 | +100% |
| Expensive | 162x | $151 | +351% |
Historical ranges are pointers, not guarantees.
TOST 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.
TOST Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Improving | |
| Limited | |
| High |
TOST 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.
TOST Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.67 | +79% |
| Q3 2026 | $0.93 | +98% |
| Q2 2026 | $0.80 | +111% |
| Q1 2026 | $0.67 | +148% |
| Q4 2025 | $0.56 | +1767% |
| Q3 2025 | $0.47 | +$0.56 |
| Q2 2025 | $0.38 | +$0.63 |
| Q1 2025 | $0.27 | +$0.73 |
| Q4 2024 | $0.03 | +$0.50 |
TOST 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 TOST on profitability, with a higher operating margin.
TOST Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2B | +21% |
| Q2 2026 | $1.9B | +23% |
| Q1 2026 | $1.6B | +22% |
| Q4 2025 | $1.6B | +22% |
| Q3 2025 | $1.6B | +25% |
| Q2 2025 | $1.6B | +25% |
| Q1 2025 | $1.3B | +24% |
| Q4 2024 | $1.3B | +29% |
TOST has the edge over AAPL on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 8.3% | +3.2 points |
| Q2 2026 | 8% | +2.8 points |
| Q1 2026 | 6.8% | +3.5 points |
| Q4 2025 | 5.2% | +2.8 points |
| Q3 2025 | 5.1% | +2.5 points |
| Q2 2025 | 5.2% | +4.8 points |
| Q1 2025 | 3.2% | +8.4 points |
| Q4 2024 | 2.4% | +7.8 points |
TOST's operating margin was 8.3% last quarter, up 3.2 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.
TOST Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $181M | +18% |
| Q2 2026 | $130M | -38% |
| Q1 2026 | $115M | +67% |
| Q4 2025 | $178M | +33% |
| Q3 2025 | $153M | +58% |
| Q2 2025 | $208M | +93% |
| Q1 2025 | $69M | +$102M |
| Q4 2024 | $134M | +148% |
TOST 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.
TOST Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.3% | +2M shares |
| 1 year | -2.8% | -17M shares |
| 3 years | +10% | +55.5M shares |
| 5 years | +147% | +353M shares |
| Available history | +28% | +131M shares |
TOST has the edge over AAPL on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $163M |
| Q1 2026 | $323M |
| Q4 2025 | $53M |
| Q3 2025 | $23M |
| Q2 2025 | $14M |
| Q1 2025 | $17M |
| Q4 2024 | — |
TOST spent $539M buying back its own shares over the past year, about 10 times what it spent 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).
TOST Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -2.1x | Net Cash |
| Q2 2026 | -2.1x | Net Cash |
| Q1 2026 | -2.7x | Net Cash |
| Q4 2025 | -3.8x | Net Cash |
| Q3 2025 | -4.6x | Net Cash |
| Q2 2025 | -4.8x | Net Cash |
| Q1 2025 | -6.0x | Net Cash |
| Q4 2024 | -14.8x | Net Cash |
TOST 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).
TOST Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 55.7 | Neutral |
| Stochastic | 54.0 | Neutral |
TOST's weekly RSI is 56 (neutral) and its Stochastic is 54 (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.
TOST PE vs Technology Sector
| Metric | TOST | Sector median | Relative |
|---|---|---|---|
| PE | 36x | 28x | 29% above |
| PE % | 2 | 45 | 43 pts below |
TOST 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 TOST on trend strength, trading above more of its moving averages.
TOST Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $32.0 | 4.8% above |
| 20 week MA | $32.1 | 4.4% above |
| 50 week MA | $30.2 | 11% above |
| 100 week MA | $34.8 | 3.6% below |
| 200 week MA | $28.7 | 17% above |
TOST's trend is mixed: it's above four of its five weekly moving averages, and 17% 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 TOST on returns for 2026, with the stronger performance.
TOST Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $55.8 | $39.6 | -29% |
| 2022 | $39.6 | $17.6 | -56% |
| 2023 | $17.6 | $18.3 | +3.6% |
| 2024 | $18.3 | $37.5 | +105% |
| 2025 | $37.5 | $36.4 | -2.8% |
| 2026 YTD | $36.4 | $33.5 | -8% |
TOST's yearly returns have swung widely, from +105% in 2024 to −56% in 2022. It's down 8% so far in 2026.