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Apple AAPL Return on invested capital

Return on invested capital at other companies

HP logo
HPHPQ
34.6%-0.1pp
Cirrus Logic logo
Cirrus LogicCRUS
25.5%+5.3pp
Microsoft logo
MicrosoftMSFT
25.6%-2.0pp
Qualcomm logo
QualcommQCOM
23.4%-13.2pp
Sirius XM logo
Sirius XMSIRI
5.8%
Amazon logo
AmazonAMZN
17.8%+0.4pp

Other financials

Income statement

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Revenue$109.42B+16.4%
Gross profit$54.8B+25.3%
Operating income$35.7B+26.6%
Net income$29.8B+27.1%
EPS (diluted)$2.02+28.7%

Balance sheet

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Cash & equivalents$39.5B+9.0%
Total debt$82.3B-10.3%
Total equity$107.52B+63.3%
Total assets$383.27B+15.6%

Cash flow

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Operating cash flow$34.4B+23.3%
CapEx$2.5B-29.1%
Free cash flow$31.9B+30.8%

Valuation

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Market cap$4.54T+50.3%
Enterprise value$4.58T+49.0%
P/E35.2×+4.8×
P/S9.7×+2.3×

Profitability

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Gross margin48.7%+2.0pp
Operating margin33.2%+1.3pp
Net margin27.6%+3.3pp
FCF margin29.3%+5.7pp

Returns & leverage

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Return on equity148.8%-1.1pp
Debt / equity0.8×-0.6×
Current ratio+0.1×

Where this comes from

Calculated from Apple’s reported figures.

Based on trailing twelve months.

The source filing: Apple’s 8-K, filed July 30, 2026. Open the filing →

Filed
Jul 30, 2026, 4:30 PM EDT
Accession
0000320193-26-000018

FAQ

What is Apple's return on invested capital?
Apple (AAPL) reported return on invested capital of 94.3% in Q2 2026.
How has Apple's return on invested capital changed year-over-year?
Apple's return on invested capital increased by 22.7% year-over-year, from 76.9% to 94.3%.
What is the long-term trend for Apple's return on invested capital?
Over 4 years (2021 to 2025), Apple's return on invested capital has grown at a 6.4% compound annual growth rate (CAGR), from 62.9% to 80.7%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

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