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Apple AAPL Free cash flow margin

Free cash flow margin at other companies

HP logo
HPHPQ
6.6%+1.7pp
Microsoft logo
MicrosoftMSFT
22.9%-2.8pp
Qualcomm logo
QualcommQCOM
28.1%+0.4pp
Amazon logo
AmazonAMZN
1.4%-1.8pp
Netflix logo
NetflixNFLX
25.4%+6.8pp
Zoom Video Communications, Inc. logo
Zoom Video Communications, Inc.ZM
39.8%+3.5pp

Other financials

Income statement

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Revenue$111.18B+16.6%
Gross profit$54.8B+22.1%
Operating income$35.9B+21.3%
Net income$29.6B+19.4%
EPS (diluted)$2.01+21.8%

Balance sheet

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Cash & equivalents$45.6B+61.8%
Total debt$82.7B-10.3%
Total equity$106.49B+59.4%
Total assets$371.08B+12.0%

Cash flow

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Operating cash flow$28.7B+19.8%
CapEx$2.0B-35.8%
Free cash flow$26.7B+28.0%

Valuation

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Market cap$4.38T+11.7%
Enterprise value$4.41T+10.6%
P/E35.7×-4.6×
P/S9.7×-0.1×

Profitability

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Gross margin47.9%+1.2pp
Operating margin32.6%+0.8pp
Net margin27.2%+2.9pp

Returns & leverage

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Return on equity141.5%+3.5pp
Debt / equity0.8×-0.6×
Current ratio1.1×+0.2×

Where this comes from

Calculated from Apple’s reported figures.

Based on trailing twelve months.

The official record: Apple’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Apple's free cash flow margin?
Apple (AAPL) reported free cash flow margin of 28.6% in Q1 2026.
How has Apple's free cash flow margin changed year-over-year?
Apple's free cash flow margin increased by 16.3% year-over-year, from 24.6% to 28.6%.
What is the long-term trend for Apple's free cash flow margin?
Over 4 years (2021 to 2025), Apple's free cash flow margin has grown at a -2.7% compound annual growth rate (CAGR), from 107.8% to 96.7%.
What does free cash flow margin mean?
How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?
A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?
Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.