1 Top Management and Board of Directors; 2 INSIDER OWNERSHIP AND SELLING IN THE PAST 12 MONTHS; 3 Peer Comparison & Ranking of AAPL; 4 Patents

Top Management and Board of Directors

Top Management
Top Management [Six top executives with tenure > 14 yrs]

NameDesignationSince Appointment
Tim CookChief Executive Officer, Director14 Yrs
Arthur D. LevinsonChairman, Director25 Yrs, 1 Mo
Kevan ParekhChief Financial Officer, Senior Vice President-
Jeff WilliamsChief Operating Officer-
Katherine AdamsVice President, General Counsel-
Isabel Ge MaheVice President, Managing Director of Greater China-


Board Of Directors
Board Of Directors [One director with tenure > 14 yrs]

NameSince Appointment
Ronald D. Sugar14 Yrs, 10 Mos

Board Of Directors [Five directors with tenure < 4 yrs]

NameSince Appointment
Alex Gorsky3 Yrs, 10 Mos
Monica Lozano-
Andrea Jung-
Susan L. Wagner-
Wanda Austin-


Independent Ratings of Directors
+ Tim Cook- Glassdoor Ranking:
Tim Cook was ranked 32 in the Glassdoor Employee Review's list of 100 Top CEOs in the United States for 2021.

+ Tim Cook- Bloomberg Pay Index Ranking:
Tim Cook was ranked 3 in the Bloomberg Pay Index list in the United States for 2021, an improvement from rank 8 in 2020. According to Bloomberg Pay Index, Tim Cook's total compensation had increased by (222.13%) $588.7 million from $265 million to $853.8 million in 2021.

+ Tim Cook- Harvard Business Ranking:
Tim Cook was ranked 62 in the Harvard Business Review's list of 100 Best-Performing CEO's in the world for 2019.



INSIDER OWNERSHIP AND SELLING IN THE PAST 12 MONTHS
Shares Held by Insiders as on Sep 12, 2025 (Value computed at price $234.07)

NameShares HeldValue, $
Arthur D. Levinson4,125,576965,673,574
Tim Cook3,409,693798,106,841
Susan L. Wagner1,255293,758
Alex Gorsky1,255293,758
Ronald D. Sugar1,255293,758
Andrea Jung1,255293,758
Total7,540,2891,764,955,446

Arthur D. Levinson now has a beneficial interest in 4,125,576 Apple shares worth $965.7 million.

Tim Cook now has a beneficial interest in 3,409,693 Apple shares worth $798.1 million.

Susan L. Wagner now has a beneficial interest in 1,255 Apple shares worth $293,758.

Alex Gorsky now has a beneficial interest in 1,255 Apple shares worth $293,758.

Ronald D. Sugar now has a beneficial interest in 1,255 Apple shares worth $293,758.

Andrea Jung now has a beneficial interest in 1,255 Apple shares worth $293,758.


Insider selling Summary in the past 12 months

NameNo. of SharesPrice, $Value, $
Cook Timothy D [CEO]447,972224.5100,552,709
Levinson Arthur D [Chairman]200,000227.345,464,500
COOK TIMOTHY D [CEO]108,136223.724,184,658
LEVINSON ARTHUR D [Chairman]1,516226.4343,147
Total757,624225.1170,545,014


Peer Comparison & Ranking of AAPL
FAANG PEER COMPARISON: AAPL - SIZE (all figures in $)

In its FAANG Peer Group of 5 companies (Facebook, Apple, Amazon, Netflix and Alphabet's Google) AAPL is ranked AAPL is ranked first (1) by MCap, second (2) by Revenue, Net Profit, third (3) by Total Assets and fifth (5) by PV$1000.


Name (Code)MCapPV $1000
(1 yr)		RevenueNet ProfitTotal Assets
Rank of AAPL15223
Apple (AAPL)3,497B1,059.3391B93.7B365B
Amazon (AMZN)2,423B1,220.0638B59.2B527.9B
Meta Platforms (META)1,911.6B1,446.3164.5B62.4B276.1B
Alphabet (GOOGL)1,401.5B1,567.2350B100.1B450.3B
Netflix (NFLX)508.4B1,730.439B8.7B53.6B

FAANG PEER COMPARISON: AAPL - VALUATION INDICATORS

In value terms, comparing relative value of its shares, AAPL is ranked

+ 3 out of 5 by Price/Earnings per share [38.3]
+ 3 out of 5 by Price/Sales per share [8.9]
+ 5 out of 5 by Turnover Rate (%) [84.9]


Name (Code)Last PriceP/EP/SP/BookTurnover Rate (%)
Rank of AAPL by value335
Apple (AAPL)$234.0738.38.984.9
Amazon (AMZN)$228.1540.33.813.595.7
Meta Platforms (META)$755.5930.811.613.0119.1
Alphabet (GOOGL)$240.8029.74.04.8105.4
Netflix (NFLX)$1,188.4458.513.020.5194.9

BUYSELLSIGNALS FUNDAMENTALS VALUATION RANKING:
Apple vs NASDAQ Market

Out of 2,845 stocks and 3 units in the NASDAQ Market, Apple is ranked second(2) by Revenue, third(3) by Net Profit $, fifth(5) by Total Assets and sixth(6) by ROE.

NASDAQ AvgAAPLAAPL Rank
Revenue $-391 B2
Net Profit $-93.7 B3
Total Assets $-365 B5
ROE (%)12.4164.66
ROA (%)4.9925.730
EBITDA Margin%16.831.6131
P/Earnings-38.3x177
P/Sales-8.9x208
Yield (%)0.60.4633
Total Debt/Equity (the lower the better)0.5x0.2x944
Premium to 52-Wk Low (%)49.0238.71139
Discount to 52-Wk High (%)0.99.72083
Negative values are shown in brackets.

MARKET SHARE
Apple has a position of market dominance in the Technology sector.
Apple vs Technology sector [Technology sector Total in Brackets]
Revenue of $391 billion[52.2% of aggregate sector revenue of $752.9 billion; down from 54.6% in the previous year.]
Net Profit of $93.7 billion [59.1% of aggregate sector net profit of $155.3 billion; down from 67.9% in the previous year.]
EBIT of $123.5 billion [62.4% of aggregate sector EBIT of $194.6 billion; down from 67.5% in the previous year.]

GLOBAL RANK [out of 45,737 stocks] AND RANK OF APPLE IN THE AMERICAN REGION [out of 8,858 stocks]

DescriptionValueGlobal RankIn Am Region
Total Assets ($)365B23095
Revenue ($)391B286
Net Profit ($)93.7B134
Return on Equity %164.69435
Net Profit Margin %24.04,827848
Price to Book62.134,5434,967
Price/Earnings38.519,2412,712
Yield %0.418,8023,179
PV1000 (1Year) $1,05923,9614,224
$ Change (1Year) %39.16,6351,093

RANK OF APPLE IN THE NASDAQ-100 INDEX [out of 89 stocks], IN THE NASDAQ MARKET [out of 2834 stocks] AND IN THE TECHNOLOGY SECTOR [out of 216 stocks]

DescriptionValueIn NASDAQ-100 IndexIn NASDAQ MarketIn Technology sector
Total Assets ($)365B441
Revenue ($)391B221
Net Profit ($)93.7B331
Return on Equity %164.6241
Net Profit Margin %24.0211399
Price/Earnings38.35177735
Yield %0.44464218
PV1000 (1Year) $1,0604827921

LONG-TERM FUNDAMENTAL RANKING: 4 OUT OF 5 [5 is best]
Apple is ranked number 1 out of 252 listed technology companies in the United States with a market capitalization of $3,497 billion.
Within its sector it has a relatively low P/E of 38.3.

Stocks are scored on a set of parameters reflecting fundamental analytical tools involving valuation, size and financial performance. They are ranked according to the average values of those parameters. The highest ranking is 5 and the lowest ranking is 1.


Patents
Number of Patents Issued to Apple by the US Patent Office and the European Patent Office
A total of 35,906 patents were issued to Apple in the last eleven years. In the past year 4,284 patents were issued, 1.3 times average of 3,264 patents per year.

12 months ended Sep 12No. of Patents Issued
20254,284
20248,051
20234,937
20223,003
20213,402
20203,111
20192,615
20182,570
20172,117
20161,469
2015347
Total35,906


Rank by patents issued in the past 12 months: Apple vs NASDAQ stocks
Apple is ranked 2 by patents issued in the past year out of 3,730 NASDAQ listed companies. A total of 97,073 patents were issued to NASDAQ listed companies in the past year, an average of 82.5 patents per company. Apple received 7,773 patents in the past 12 months, 299 times average.

1 Tax & Dividend; 2 Financials as Reported Q3 2024-25, Past 10 Years

Tax & Dividend
Average Income Tax Paid (Past 5 Years)
In the past 5 years, Income Tax as % of profit before tax increased from 14.4% to 24.1%, Income Tax as % of sales increased from 3.5% to 7.6% and Income Tax as % of operating cash flow increased from 14.4% to 24.1%.

Description20242023202220212020
As % of profit before tax24.114.716.213.314.4
As % of operating cash flow24.114.716.213.314.4
As % of sales7.64.44.943.5

The 5-year average of profit before tax was 16.5%.

Dividend History
In the past 5 years annual dividends have increased by 17.0c from 85.0c to 102.0c. Based on a start date of 5 years ago, there has been no decline in dividends over the last 5 years.

Date PaidValue (c)Type
11 Aug 202526Quarterly
12 May 202526Quarterly
10 Feb 202525Quarterly
11 Nov 202425Quarterly
Tr 12 Months102
2023 - 202498
2022 - 202394
2021 - 202290
2020 - 202185


Financials as Reported Q3 2024-25, Past 10 Years
Financials as reported (Q3/2025)

SEC FILING 10-Q RESULTS OF OPERATIONS AND FINANCIAL CONDITION
(In $ Million, except per share data and shares outstanding)

INCOME STATEMENT AS REPORTED (Q3/2025)

Description$ Million$ Million
Jun 28, 2025Jun 29, 2024Change %
Net sales:
Products66,61361,564Up 8.2
Services27,42324,213Up 13.3
Total net sales94,03685,777Up 9.6
Cost of sales:
Products43,62039,803Up 9.6
Services6,6986,296Up 6.4
Total cost of sales50,31846,099Up 9.2
Gross margin43,71839,678Up 10.2
Operating expenses:
Research and development8,8668,006Up 10.7
Selling general and administrative6,6506,320Up 5.2
Total operating expenses15,51614,326Up 8.3
Operating income28,20225,352Up 11.2
Other income/(expense) net-171142Deterioration
Income before provision for income taxes28,03125,494Up 10.0
Provision for income taxes4,5974,046Up 13.6
Net income23,43421,448Up 9.3
Earnings per share:
Basic$1.57$1.40Up 12.1
Diluted$1.57$1.40Up 12.1
Shares used in computing earnings per share:
Basic14,902,886,00015,287,521,000Down 2.5
Diluted14,948,179,00015,348,175,000Down 2.6

BALANCE SHEET AS REPORTED (Q3/2025)

Description$ Million$ Million
Jun 28, 2025Jun 29, 2024Change %
ASSETS:
Current assets:
Cash and cash equivalents36,26929,943Up 21.1
Marketable securities19,10335,228Down 45.8
Accounts receivable net27,55733,410Down 17.5
Vendor non-trade receivables19,27832,833Down 41.3
Inventories5,9257,286Down 18.7
Other current assets14,35914,287Up 0.5
Total current assets122,491152,987Down 19.9
Non-current assets:
Marketable securities77,61491,479Down 15.2
Property plant and equipment net48,50845,680Up 6.2
Other non-current assets82,88274,834Up 10.8
Total non-current assets209,004211,993Down 1.4
Total assets331,495364,980Down 9.2
LIABILITIES AND SHAREHOLDERS EQUITY:
Current liabilities:
Accounts payable50,37468,960Down 27.0
Other current liabilities62,49978,304Down 20.2
Deferred revenue8,9798,249Up 8.8
Commercial paper9,9239,967Down 0.4
Term debt9,34510,912Down 14.4
Total current liabilities141,120176,392Down 20.0
Non-current liabilities:
Term debt82,43085,750Down 3.9
Other non-current liabilities42,11545,888Down 8.2
Total non-current liabilities124,545131,638Down 5.4
Total liabilities265,665308,030Down 13.8
Commitments and contingencies
Shareholders equity:
Common stock and additional paid-in capital 0.00001 par value: 50400000 shares authorized; 14856722 and 15116786 shares issued and outstanding respectively89,80683,276Up 7.8
Accumulated deficit-17,607-19,154Improved 8.1
Accumulated other comprehensive loss-6,369-7,172Improved 11.2
Total shareholders equity65,83056,950Up 15.6
Total liabilities and shareholders equity331,495364,980Down 9.2

CASH FLOW AS REPORTED (Q3/2025)

Description$ Million$ Million
Jun 28, 2025Jun 29, 2024Change %
Operating activities:
Net income84,54479,000Up 7.0
Adjustments to reconcile net income to cash generated by operating activities:
Depreciation and amortization8,5718,534Up 0.4
Share-based compensation expense9,6808,830Up 9.6
Other-1,748-1,964Improved 11.0
Changes in operating assets and liabilities:
Accounts receivable net5,6856,697Down 15.1
Vendor non-trade receivables13,55511,100Up 22.1
Inventories1,22341Up 2,882.9
Other current and non-current assets-6,116-5,626Deterioration 8.7
Accounts payable-18,479-15,171Deterioration 21.8
Other current and non-current liabilities-15,1612Deterioration
Cash generated by operating activities81,75491,443Down 10.6
Investing activities:
Purchases of marketable securities-17,591-38,074Improved 53.8
Proceeds from maturities of marketable securities35,03639,838Down 12.1
Proceeds from sales of marketable securities10,7857,382Up 46.1
Payments for acquisition of property plant and equipment-9,473-6,539Deterioration 44.9
Other-975-1,117Improved 12.7
Cash generated by investing activities17,7821,490Up 1,093.4
Financing activities:
Payments for taxes related to net share settlement of equity awards-5,719-5,163Deterioration 10.8
Payments for dividends and dividend equivalents-11,559-11,430Deterioration 1.1
Repurchases of common stock-70,579-69,866Deterioration 1.0
Proceeds from issuance of term debt net4,481
Repayments of term debt-9,682-7,400Deterioration 30.8
Repayments of commercial paper net-65-2,985Improved 97.8
Other-87-191Improved 54.5
Cash used in financing activities-93,210-97,035Improved 3.9
Increase/(Decrease) in cash cash equivalents and restricted cash and cash equivalents6,326-4,102Recovery
Cash cash equivalents and restricted cash and cash equivalents beginning balances29,94330,737Down 2.6
Cash cash equivalents and restricted cash and cash equivalents ending balances36,26926,635Up 36.2

Download APPLE Financials Past 10 Years


DescriptionSep 24Sep 23Sep 22Sep 21Sep 20
Income Statement
Revenue per share 25.3824.2424,153.6421.6915.66
Tax (B)29.716.719.314.59.7
Net profit (B)93.79799.894.757.4
EPS 6.116.166.155.673.31
Balance Sheet
Equity Share Capital (B)5762.150.763.165.3
Retained Earnings (19.2 B)(214 M)(3.1 B)5.6 B15 B
Total Debt (B)1061065
Total Assets (B)365352.6352.8351323.9
Current Asset (B)153143.6135.4134.8143.7
Fixed Asset (B)45.743.742.139.436.8
Working Capital (B)(23.4)(1.7)(18.6)9.438.3
Cash Flow
Operating Cash Flow (B)118.3110.5122.210480.7
Investing Cash Flow (B)2.93.7(22.4)(14.5)(4.3)
Financing Cash Flow (B)(122)(108.5)(110.7)(93.4)(86.8)
Net Cash Flow (794 M)5.8 B(11 B)(3.9 B)(10.4 B)

DescriptionSep 19Sep 18Sep 17Sep 16Sep 15
Income Statement
Revenue per share 13.9953.1243.6539.2140.34
Tax (B)10.513.415.715.719.1
Net profit (B)55.359.548.445.753.4
EPS 2.9932.322.092.32
Balance Sheet
Equity Share Capital (B)90.5107.1134128.2119.4
Retained Earnings (B)45.966.998.29791.9
Total Debt (B)612128764.3
Total Assets (B)338.5365.7375.3321.7290.3
Current Asset (B)162.8131.3128.6106.989.4
Fixed Asset (B)37.441.333.82722.5
Working Capital (B)57.115.427.827.98.8
Cash Flow
Operating Cash Flow (B)69.477.464.265.881.3
Investing Cash Flow (B)45.916.1(46.4)(46)(56.3)
Financing Cash Flow (B)(91)(87.9)(18)(20.5)(17.7)
Net Cash Flow 24.3 B5.6 B(195 M)(636 M)7.3 B