Qualcomm QCOM Ratios & Valuation
| Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 54.8%-0.3pp | 55.1%-0.3pp | 55.4%-0.3pp | 55.7%0.0pp | 55.7%-0.3pp | |
| Operating margin | 25.5%-1.6pp | 27.1%-0.8pp | 27.9%+0.1pp | 27.8%+0.6pp | 27.1%+0.9pp | |
| EBITDA margin | 29.1%-1.5pp | 30.6%-0.9pp | 31.5%-0.1pp | 31.6%+0.5pp | 31.1%+0.7pp | |
| Free cash flow margin | 28.1%-0.7pp | 28.8%-0.1pp | 28.9%+2.1pp | 26.9%-0.8pp | 27.7%-3.6pp | |
| Returns | ||||||
| Return on invested capital | 26.8%+7.7pp | 19.2%-0.5pp | 19.7%-16.9pp | 36.6%+1.7pp | 34.9%+0.9pp | |
| Efficiency | ||||||
| Asset turnover | 0.8×0.0× | 0.8×0.0× | 0.8×0.0× | 0.8×0.0× | 0.8×0.0× | |
| Inventory turnover | 3×-0.1× | 3.1×+0.1× | 3×-0.1× | 3.1×+0.1× | 3.1×+0.2× | |
| Liquidity | ||||||
| Current ratio | 2.4×-0.1× | 2.5×-0.3× | 2.8×-0.4× | 3.2×+0.5× | 2.7×+0.1× | |
| Quick ratio | 1.6×-0.2× | 1.8×-0.3× | 2.1×-0.3× | 2.4×+0.3× | 2.1×+0.1× | |
| Cash ratio | 0.6×-0.2× | 0.7×-0.1× | 0.9×-0.1× | 1×+0.2× | 0.8×-0.1× | |
| Leverage | ||||||
| Debt-to-equity | 0.5×-0.1× | 0.6×-0.1× | 0.7×+0.2× | 0.5×0.0× | 0.5×0.0× | |
| Debt-to-assets | 0.3×0.0× | 0.3×0.0× | 0.3×0.0× | 0.3×0.0× | 0.3×0.0× | |
| Net debt / EBITDA | 0.7×+0.2× | 0.6×0.0× | 0.6×0.0× | 0.5×-0.1× | 0.6×+0.1× | |
| Interest coverage | 16.7×-1.4× | 18.1×-0.4× | 18.6×+0.7× | 17.8×+0.8× | 17×+1.4× | |
| Per Share | ||||||
| Book value per share | $25.45+19.0% | $21.38+11.4% | $19.19-22.5% | $24.76-0.4% | $24.87+3.8% | |
| Valuation | ||||||
| Market capitalization | $137.41B-25.0% | $183.19B+2.1% | $179.5B+5.0% | $170.97B+0.6% | $169.89B-0.5% | |
| Enterprise value | $146.75B-23.1% | $190.81B+1.9% | $187.3B+5.2% | $177.99B+0.4% | $177.31B+0.4% | |
| Price / sales | 3.1×-1.0× | 4.1×0.0× | 4.1×+0.1× | 4×-0.1× | 4×-0.2× | |
| Price / book | 5×-2.9× | 7.9×-0.5× | 8.5×+2.2× | 6.3×+0.2× | 6.1×-0.2× | |
| EV / EBITDA | 11.3×-2.6× | 13.9×+0.5× | 13.4×+0.4× | 13×-0.5× | 13.5×-0.8× | |
| EV / sales | 3.3×-1.0× | 4.3×0.0× | 4.2×+0.1× | 4.1×-0.1× | 4.2×-0.1× | |
| Free cash flow yield | 9.1%+2.0pp | 7.1%-0.1pp | 7.1%+0.3pp | 6.8%-0.1pp | 6.9%-0.6pp |
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.
