Qualcomm QCOM Ratios & Valuation
| Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 54.8%-0.9pp | 55.1%-0.9pp | 55.4%-0.8pp | 55.7%-0.2pp | 55.7%-0.1pp | |
| Operating margin | 25.5%-1.6pp | 27.1%+0.8pp | 27.9%+2.1pp | 27.8%+4.0pp | 27.1%+3.8pp | |
| Returns | ||||||
| Return on invested capital | 26.8%-8.0pp | 19.2%-14.7pp | 19.7%-12.3pp | 36.6%+7.6pp | 34.9%+7.7pp | |
| Efficiency | ||||||
| Asset turnover | 0.8×0.0× | 0.8×+0.1× | 0.8×+0.1× | 0.8×+0.1× | 0.8×+0.1× | |
| Liquidity | ||||||
| Current ratio | 2.4×-0.4× | 2.5×-0.1× | 2.8×+0.4× | 3.2×+0.8× | 2.7×+0.1× | |
| Leverage | ||||||
| Debt-to-equity | 0.5×0.0× | 0.6×+0.1× | 0.7×+0.2× | 0.5×0.0× | 0.5×-0.1× | |
| Net debt / EBITDA | 0.7×+0.2× | 0.6×+0.1× | 0.6×-0.1× | 0.5×-0.1× | 0.6×0.0× | |
| Per Share | ||||||
| Book value per share | $25.45+2.3% | $21.38-10.7% | $19.19-17.5% | $24.76+13.8% | $24.87+14.8% | |
| Valuation | ||||||
| Market capitalization | $137.41B-19.1% | $183.19B+7.3% | $179.5B-5.4% | $170.97B-23.2% | $169.89B-10.2% | |
| Price / sales | 3.1×-0.9× | 4.1×-0.1× | 4.1×-0.8× | 4×-2.0× | 4×-1.2× | |
| Price / book | 5×-1.1× | 7.9×+1.6× | 8.5×+1.2× | 6.3×-2.7× | 6.1×-1.6× | |
| EV / EBITDA | 11.3×-2.1× | 13.9×-0.3× | 13.4×-3.3× | 13×-8.6× | 13.5×-5.5× |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Qualcomm's profit margins?
- Qualcomm (QCOM) runs a 54.8% gross margin and a 25.5% operating margin, with a 26.8% net margin.
- Where do Qualcomm's ratios come from?
- Every ratio is computed from Qualcomm'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.
