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Qualcomm QCOM Ratios & Valuation

Q2 '26Q1 '26Q4 '25Q3 '25Q2 '25
Profitability
Gross margin54.8%-0.3pp55.1%-0.3pp55.4%-0.3pp55.7%0.0pp55.7%-0.3pp
Operating margin25.5%-1.6pp27.1%-0.8pp27.9%+0.1pp27.8%+0.6pp27.1%+0.9pp
EBITDA margin29.1%-1.5pp30.6%-0.9pp31.5%-0.1pp31.6%+0.5pp31.1%+0.7pp
Free cash flow margin28.1%-0.7pp28.8%-0.1pp28.9%+2.1pp26.9%-0.8pp27.7%-3.6pp
Returns
Return on invested capital26.8%+7.7pp19.2%-0.5pp19.7%-16.9pp36.6%+1.7pp34.9%+0.9pp
Efficiency
Asset turnover0.8×0.0×0.8×0.0×0.8×0.0×0.8×0.0×0.8×0.0×
Inventory turnover-0.1×3.1×+0.1×-0.1×3.1×+0.1×3.1×+0.2×
Liquidity
Current ratio2.4×-0.1×2.5×-0.3×2.8×-0.4×3.2×+0.5×2.7×+0.1×
Quick ratio1.6×-0.2×1.8×-0.3×2.1×-0.3×2.4×+0.3×2.1×+0.1×
Cash ratio0.6×-0.2×0.7×-0.1×0.9×-0.1×+0.2×0.8×-0.1×
Leverage
Debt-to-equity0.5×-0.1×0.6×-0.1×0.7×+0.2×0.5×0.0×0.5×0.0×
Debt-to-assets0.3×0.0×0.3×0.0×0.3×0.0×0.3×0.0×0.3×0.0×
Net debt / EBITDA0.7×+0.2×0.6×0.0×0.6×0.0×0.5×-0.1×0.6×+0.1×
Interest coverage16.7×-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 / sales3.1×-1.0×4.1×0.0×4.1×+0.1×-0.1×-0.2×
Price / book-2.9×7.9×-0.5×8.5×+2.2×6.3×+0.2×6.1×-0.2×
EV / EBITDA11.3×-2.6×13.9×+0.5×13.4×+0.4×13×-0.5×13.5×-0.8×
EV / sales3.3×-1.0×4.3×0.0×4.2×+0.1×4.1×-0.1×4.2×-0.1×
Free cash flow yield9.1%+2.0pp7.1%-0.1pp7.1%+0.3pp6.8%-0.1pp6.9%-0.6pp

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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.