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Apple AAPL Return on assets

Return on assets at other companies

HP logo
HPHPQ
6.2%-0.4pp
Microsoft logo
MicrosoftMSFT
19.9%+1.5pp
Qualcomm logo
QualcommQCOM
21.5%+4.4pp
Amazon logo
AmazonAMZN
10.1%-1.1pp
Netflix logo
NetflixNFLX
23.6%+5.3pp
Zoom Video Communications, Inc. logo
Zoom Video Communications, Inc.ZM
17.9%+8.1pp

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$4.35T+11.7%
Enterprise value$4.38T+10.6%
P/E35.5×-4.5×
P/S9.6×-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 return on assets?
Apple (AAPL) reported return on assets of 34.9% in Q1 2026.
How has Apple's return on assets changed year-over-year?
Apple's return on assets increased by 19.9% year-over-year, from 29.1% to 34.9%.
What is the long-term trend for Apple's return on assets?
Over 4 years (2021 to 2025), Apple's return on assets has grown at a 5.1% compound annual growth rate (CAGR), from 96.5% to 117.5%.
What does return on assets mean?
How much profit the company squeezes out of everything it owns.
How do you interpret return on assets?
Higher means more productive assets. Unlike ROE, it is unaffected by leverage, so a wide ROE-minus-ROA gap flags a heavily levered balance sheet.
How does return on assets compare across companies?
Best compared within an industry — asset intensity varies enormously across sectors. Not meaningful for banks, whose assets are largely financial.