What are Apple's profit margins?

Apple (AAPL) runs a 47.9% gross margin and a 32.6% operating margin, with a 27.2% net margin.

Where do Apple's ratios come from?

Every ratio is computed from Apple's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Apple AAPL Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Profitability
Gross margin	186.7%+4.0pp	182.8%+9.0pp	173.8%+0.9pp	173%+11.5pp
Operating margin	127.4%+2.9pp	124.5%+6.9pp	117.6%-5.0pp	122.6%+11.5pp
Net margin	99.8%-3.1pp	102.9%+3.8pp	99%-5.0pp	104%+7.9pp
Returns
Return on equity	595.8%-23.7pp	619.5%-6.1pp	625.6%-7.5pp	633.1%+173pp
Return on invested capital	300.2%+18.4pp	281.8%+17.2pp	264.6%-11.3pp	275.8%+58.6pp
Efficiency
Asset turnover	4.7×+0.2×	4.5×+0.1×	4.4×0.0×	4.4×+0.4×
Liquidity
Current ratio	3.5×-0.4×	3.9×+0.1×	3.8×+0.1×	3.7×-0.7×
Leverage
Debt-to-equity	5.6×-0.6×	6.2×-1.1×	7.3×-0.3×	7.6×+0.5×
Net debt / EBITDA	1.8×-0.4×	2.2×-0.5×	2.6×0.0×	2.6×-0.5×
Per Share
Book value per share	$18.16+3.2%	$17.60+15.6%	$15.23+0.6%	$15.14-2.5%
Valuation
Market capitalization	$13.89T+11.9%	$12.41T+19.3%	$10.4T+2.0%	$10.2T+16.5%
Price / earnings	137.5×+12.0×	125.5×+16.3×	109.2×+7.8×	101.4×-9.3×
Price / sales	34.3×+2.2×	32.1×+5.1×	27×+0.6×	26.4×0.0×
Price / book	203.4×+16.6×	186.7×+14.6×	172.1×+7.4×	164.7×+31.1×
EV / EBITDA	100.6×+4.2×	96.4×+10.3×	86.1×+4.9×	81.3×-7.0×
Dividend yield	1.8%-0.2pp	2%-0.4pp	2.3%0.0pp	2.4%-0.3pp

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Questions, answered.

What are Apple's profit margins?: Apple (AAPL) runs a 47.9% gross margin and a 32.6% operating margin, with a 27.2% net margin.
Where do Apple's ratios come from?: Every ratio is computed from Apple's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.