Apple Inc. (AAPL) Stock Analysis
Apple Inc. by the reported numbers
On the most recently reported figures, Apple Inc. (AAPL) shows revenue up 6.4% and earnings per share up 22.7% year over year.
The business runs a net margin of 26.9%, a free cash flow margin of 23.7% and a 69.9% return on invested capital.
Its balance sheet carries net debt at 0.3× EBITDA.
The ImpliedLens normalized earnings-value model places the shares 7.3% below the current price under its disclosed assumptions, which you can change. At today's price the market is implying 2.1% more growth than the reported figures support.
Valuation
| Forward P/E | 38.8× | Price / trailing four-quarter actual EPS · Jun 27, 2026 |
|---|---|---|
| Model upside | −7.3% | ImpliedLens normalized earnings-value model · Jul 31, 2026 |
| Conservative case | −54.0% | ImpliedLens conservative earnings-value model · Jul 31, 2026 |
| Implied growth gap | +2.1% | ImpliedLens price-expectations model · Jul 31, 2026 |
Growth
| Revenue growth | +6.4% | SEC filing · Jul 31, 2026 |
|---|---|---|
| EPS growth | +22.7% | SEC filing · Jul 31, 2026 |
| Share count change | −2.2% | SEC filing · Jul 31, 2026 |
Profitability and returns
| Net margin | 26.9% | Derived from SEC filing · Jul 31, 2026 |
|---|---|---|
| Free cash flow margin | 23.7% | SEC filing · Jul 31, 2026 |
| Return on invested capital | 69.9% | Derived from SEC filing · Jul 31, 2026 |
| Return on equity | 104% | Derived from SEC filing · Jul 31, 2026 |
Balance sheet
| Net debt / EBITDA | 0.3× | Derived SEC operating-income proxy · Jul 31, 2026 |
|---|---|---|
| Equity / assets | 28.1% | Derived from SEC filing · Jul 31, 2026 |
Every figure above carries the source it came from and the date it was reported. Company filings as of Jul 31, 2026. Figures are reported and derived data, not advice, and the valuation model is one set of assumptions you can change.