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Qualcomm QCOM Ratios & Valuation

Q2 '26Q1 '26Q4 '25Q3 '25Q2 '25
Profitability
Gross margin54.8%-0.9pp55.1%-0.9pp55.4%-0.8pp55.7%-0.2pp55.7%-0.1pp
Operating margin25.5%-1.6pp27.1%+0.8pp27.9%+2.1pp27.8%+4.0pp27.1%+3.8pp
EBITDA margin29.1%-2.1pp30.6%+0.1pp31.5%+1.3pp31.6%+3.2pp31.1%+2.9pp
Free cash flow margin28.1%+0.4pp28.8%-2.5pp28.9%+0.3pp26.9%-6.8pp27.7%-6.0pp
Returns
Return on invested capital26.8%-8.0pp19.2%-14.7pp19.7%-12.3pp36.6%+7.6pp34.9%+7.7pp
Efficiency
Asset turnover0.8×0.0×0.8×+0.1×0.8×+0.1×0.8×+0.1×0.8×+0.1×
Inventory turnover-0.1×3.1×+0.3×+0.4×3.1×+0.5×3.1×+0.6×
Liquidity
Current ratio2.4×-0.4×2.5×-0.1×2.8×+0.4×3.2×+0.8×2.7×+0.1×
Quick ratio1.6×-0.5×1.8×-0.2×2.1×+0.3×2.4×+0.6×2.1×+0.1×
Cash ratio0.6×-0.2×0.7×-0.1×0.9×+0.1×+0.2×0.8×-0.3×
Leverage
Debt-to-equity0.5×0.0×0.6×+0.1×0.7×+0.2×0.5×0.0×0.5×-0.1×
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×+0.1×0.6×-0.1×0.5×-0.1×0.6×0.0×
Interest coverage16.7×-0.3×18.1×+2.5×18.6×+4.2×17.8×+5.0×17×+4.8×
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%
Enterprise value$146.75B-17.2%$190.81B+8.1%$187.3B-5.1%$177.99B-22.4%$177.31B-9.2%
Price / sales3.1×-0.9×4.1×-0.1×4.1×-0.8×-2.0×-1.2×
Price / book-1.1×7.9×+1.6×8.5×+1.2×6.3×-2.7×6.1×-1.6×
EV / EBITDA11.3×-2.1×13.9×-0.3×13.4×-3.3×13×-8.6×13.5×-5.5×
EV / sales3.3×-0.9×4.3×-0.1×4.2×-0.8×4.1×-2.0×4.2×-1.2×
Free cash flow yield9.1%+2.2pp7.1%-0.4pp7.1%+1.3pp6.8%+1.1pp6.9%+0.4pp

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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.