Apple Inc.

AAPLNASDAQ

$351.14

Last price · USD

Market cap: $5.27T
P/E: 47.1x
EV / EBITDA: 37.0x
P/S: 12.7x
FCF yield: 1.9%
Div. yield: 0.29%

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

Apple Inc. balance sheet

Annual · USD millions except per-share data · 40 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Current assets
Cash & cash equivalents	35,934	29,943	29,965	23,646	34,940	+0.7%
Short-term investments	18,763	35,228	31,590	24,658	27,699	-9.3%
Cash & short-term investments	54,697	65,171	61,555	48,304	62,639	-3.3%
Net receivables	72,957	66,243	60,985	60,932	51,506	+9.1%
Accounts receivable	39,777	33,410	29,508	28,184	26,278	+10.9%
Other receivables	33,180	32,833	31,477	32,748	25,228	+7.1%
Inventory	5,718	7,286	6,331	4,946	6,580	-3.4%
Other current assets	14,585	14,287	14,695	21,223	14,111	+0.8%
Total current assets	147,957	152,987	143,566	135,405	134,836	+2.3%
Non-current assets
Property, plant & equipment (net)	49,834	45,680	54,376	52,534	49,527	+0.2%
Long-term investments	77,723	91,479	100,544	120,805	127,877	-11.7%
Tax assets	20,777	19,499	17,852	15,375	0	—
Other non-current assets	62,950	55,335	36,245	28,636	38,762	+12.9%
Total non-current assets	211,284	211,993	209,017	217,350	216,166	-0.6%
Total assets	359,241	364,980	352,583	352,755	351,002	+0.6%
Current liabilities
Accounts payable	69,860	68,960	62,611	64,115	54,763	+6.3%
Other payables	13,016	26,601	8,819	6,552	0	—
Total payables	82,876	95,561	71,430	70,667	54,763	+10.9%
Short-term debt	20,329	20,879	15,807	21,110	15,613	+6.8%
Capital lease obligations (current)	2,117	1,632	1,575	1,663	1,528	+8.5%
Tax payables	0	26,601	8,819	6,552	0	—
Deferred revenue	9,055	8,249	8,061	7,912	7,612	+4.4%
Other current liabilities	42,335	50,071	48,435	52,630	45,965	-2.0%
Total current liabilities	165,631	176,392	145,308	153,982	125,481	+7.2%
Non-current liabilities
Long-term debt	78,328	85,750	95,281	98,959	109,106	-8.0%
Capital lease obligations (non-current)	11,603	10,798	11,267	10,748	10,275	+3.1%
Other non-current liabilities	29,946	35,090	38,581	38,394	43,050	-8.7%
Total non-current liabilities	119,877	131,638	145,129	148,101	162,431	-7.3%
Capital lease obligations	13,720	12,430	12,842	12,411	11,803	+3.8%
Total debt	112,377	119,059	123,930	132,480	136,522	-4.7%
Total liabilities	285,508	308,030	290,437	302,083	287,912	-0.2%
Stockholders' equity
Common stock	93,568	83,276	73,812	64,849	57,365	+13.0%
Retained earnings	(14,264)	(19,154)	(214)	(3,068)	5,562	—
Accumulated other comprehensive income (loss)	(5,571)	(7,172)	(11,452)	(11,109)	163	—
Total stockholders' equity	73,733	56,950	62,146	50,672	63,090	+4.0%
Total equity	73,733	56,950	62,146	50,672	63,090	+4.0%
Total liabilities & equity	359,241	364,980	352,583	352,755	351,002	+0.6%
Additional fields
Accrued Expenses	8,919	0	0	0	0	—
Net Debt	76,443	89,116	93,965	108,834	101,582	-6.9%
Total Investments	96,486	126,707	132,134	145,463	155,576	-11.3%

Apple Inc.

AAPLNASDAQ

$351.14

Last price · USD

Market cap: $5.27T
P/E: 47.1x
EV / EBITDA: 37.0x
P/S: 12.7x
FCF yield: 1.9%
Div. yield: 0.29%

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

Apple Inc. balance sheet

Annual · USD millions except per-share data · 40 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Current assets
Cash & cash equivalents	35,934	29,943	29,965	23,646	34,940	+0.7%
Short-term investments	18,763	35,228	31,590	24,658	27,699	-9.3%
Cash & short-term investments	54,697	65,171	61,555	48,304	62,639	-3.3%
Net receivables	72,957	66,243	60,985	60,932	51,506	+9.1%
Accounts receivable	39,777	33,410	29,508	28,184	26,278	+10.9%
Other receivables	33,180	32,833	31,477	32,748	25,228	+7.1%
Inventory	5,718	7,286	6,331	4,946	6,580	-3.4%
Other current assets	14,585	14,287	14,695	21,223	14,111	+0.8%
Total current assets	147,957	152,987	143,566	135,405	134,836	+2.3%
Non-current assets
Property, plant & equipment (net)	49,834	45,680	54,376	52,534	49,527	+0.2%
Long-term investments	77,723	91,479	100,544	120,805	127,877	-11.7%
Tax assets	20,777	19,499	17,852	15,375	0	—
Other non-current assets	62,950	55,335	36,245	28,636	38,762	+12.9%
Total non-current assets	211,284	211,993	209,017	217,350	216,166	-0.6%
Total assets	359,241	364,980	352,583	352,755	351,002	+0.6%
Current liabilities
Accounts payable	69,860	68,960	62,611	64,115	54,763	+6.3%
Other payables	13,016	26,601	8,819	6,552	0	—
Total payables	82,876	95,561	71,430	70,667	54,763	+10.9%
Short-term debt	20,329	20,879	15,807	21,110	15,613	+6.8%
Capital lease obligations (current)	2,117	1,632	1,575	1,663	1,528	+8.5%
Tax payables	0	26,601	8,819	6,552	0	—
Deferred revenue	9,055	8,249	8,061	7,912	7,612	+4.4%
Other current liabilities	42,335	50,071	48,435	52,630	45,965	-2.0%
Total current liabilities	165,631	176,392	145,308	153,982	125,481	+7.2%
Non-current liabilities
Long-term debt	78,328	85,750	95,281	98,959	109,106	-8.0%
Capital lease obligations (non-current)	11,603	10,798	11,267	10,748	10,275	+3.1%
Other non-current liabilities	29,946	35,090	38,581	38,394	43,050	-8.7%
Total non-current liabilities	119,877	131,638	145,129	148,101	162,431	-7.3%
Capital lease obligations	13,720	12,430	12,842	12,411	11,803	+3.8%
Total debt	112,377	119,059	123,930	132,480	136,522	-4.7%
Total liabilities	285,508	308,030	290,437	302,083	287,912	-0.2%
Stockholders' equity
Common stock	93,568	83,276	73,812	64,849	57,365	+13.0%
Retained earnings	(14,264)	(19,154)	(214)	(3,068)	5,562	—
Accumulated other comprehensive income (loss)	(5,571)	(7,172)	(11,452)	(11,109)	163	—
Total stockholders' equity	73,733	56,950	62,146	50,672	63,090	+4.0%
Total equity	73,733	56,950	62,146	50,672	63,090	+4.0%
Total liabilities & equity	359,241	364,980	352,583	352,755	351,002	+0.6%
Additional fields
Accrued Expenses	8,919	0	0	0	0	—
Net Debt	76,443	89,116	93,965	108,834	101,582	-6.9%
Total Investments	96,486	126,707	132,134	145,463	155,576	-11.3%