Apple Inc. Financial Ratios — AAPL QF Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023	09/30/2024	09/30/2025

Return on Common Equity (%)	41.81	43.05	30.64	33.7	46.4	36.95	36.94	48.64	54.8	73.22	147.16	160.06	143.29	136.13	156.19
Return on Assets (%)	27.06	28.54	19.34	18.01	20.45	14.93	13.87	16.07	15.69	17.33	28.06	28.36	27.5	26.13	30.93
Return on Capital (%)	41.81	43.05	28.71	27.76	32.71	23.46	21.57	26.18	27.47	30.93	50.05	51.95	52.96	52.74	64.24
Return on Invested Capital (%)	40.76	41.9	27.7	26.79	31.63	22.41	19.91	24.57	25.58	29.38	48.79	51.41	52.44	50.25	59.79
Gross Margin (%)	40.48	43.87	37.62	38.59	40.06	39.08	38.47	38.34	37.82	38.23	41.78	43.31	44.13	46.21	46.91
EBITDA Margin (%)	32.89	37.39	32.62	33.07	35.29	32.71	31.19	30.8	29.39	28.17	32.87	33.1	32.83	34.44	34.78
Operating Margin (%)	31.22	35.3	28.67	28.72	30.48	27.84	26.76	26.69	24.57	24.15	29.78	30.29	29.82	31.51	31.97
Incremental Operating Margin (%)	35.81	44.45	-43.34	29.48	36.78	61.99	9.71	26.28	128.54	16.44	46.73	36.79	46.51	115.03	39.14
Pretax Margin (%)	31.6	35.63	29.35	29.26	31.03	28.46	27.96	27.45	25.27	24.44	29.85	30.2	29.67	31.58	31.89
Profit Margin (%)	23.95	26.67	21.67	21.61	22.85	21.19	21.09	22.41	21.24	20.91	25.88	25.31	25.31	23.97	26.92
Net Income to Common Margin (%)	23.95	26.67	21.67	21.61	22.85	21.19	21.09	22.41	21.24	20.91	25.88	25.31	25.31	23.97	26.92
Effective Tax Rate (%)	24.22	25.16	26.15	26.13	26.37	25.56	24.56	18.34	15.94	14.43	13.3	16.2	14.72	24.09	15.61
Dvd Payout Ratio (%)	- -	5.96	28.52	28.16	21.65	26.59	26.41	23.03	25.55	24.53	15.28	14.87	15.49	16.25	13.77
Sustainable Growth Rate (%)	41.81	40.48	21.9	24.21	36.35	27.12	27.18	37.43	40.8	55.26	124.68	136.26	121.1	114	134.69

Credit (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023	09/30/2024	09/30/2025

Total Debt	- -	- -	16,960	35,295	64,328	87,032	115,680	114,483	108,047	122,278	136,522	132,480	111,088	106,629	98,657
ST Debt	- -	- -	- -	6,308	10,999	11,605	18,473	20,748	16,240	15,229	17,141	22,773	15,807	20,879	20,329
LT Debt	- -	- -	16,960	28,987	53,329	75,427	97,207	93,735	91,807	107,049	119,381	109,707	95,281	85,750	78,328
Total Debt/EBITDA	- -	- -	0.3	0.58	0.78	1.23	1.62	1.4	1.41	1.58	1.14	1.01	0.88	0.79	0.68
Net Debt/EBITDA	-0.28	-0.18	0.05	0.35	0.52	0.94	1.33	1.08	0.77	0.96	0.75	0.74	0.64	0.57	0.43
Total Debt/EBIT	- -	- -	0.35	0.67	0.9	1.45	1.89	1.61	1.69	1.84	1.25	1.11	0.97	0.87	0.74
Net Debt/EBIT	-0.29	-0.19	0.06	0.41	0.61	1.11	1.56	1.25	0.93	1.12	0.82	0.81	0.71	0.62	0.47
EBITDA to Interest Expense	- -	- -	409.97	157.42	112.53	48.44	30.78	25.25	21.39	26.92	45.46	44.54	31.99	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	343.24	131.86	96.86	39.14	25.27	21.14	18.45	24.38	41.27	40.88	29.2	- -	- -
EBIT to Interest Expense	- -	- -	360.29	136.73	97.18	41.23	26.41	21.88	17.88	23.07	41.19	40.75	29.06	- -	- -
Interest Expense	- -	- -	136	384	733	1,456	2,323	3,240	3,576	2,873	2,645	2,931	3,933	- -	- -
Common Equity/Total Assets	65.46	66.86	59.91	47.65	41.23	39.67	35.76	30.24	26.9	20.3	17.93	17.51	20.87	17.57	22.08
Long-Term Debt/Equity (%)	- -	- -	13.73	25.99	44.68	58.81	72.52	87.48	101.46	163.84	189.22	216.5	153.32	150.57	106.23
Long-Term Debt/Capital (%)	- -	- -	12.03	19.89	28.98	35.14	38.9	41.64	46.11	56.93	59.86	56.47	51.59	50.22	44.01
Long-Term Debt/Total Assets (%)	- -	- -	8.19	12.5	18.37	23.45	25.9	25.63	27.12	33.05	34.01	31.1	27.02	23.49	21.8
Total Debt/Equity (%)	- -	- -	13.73	31.64	53.9	67.86	86.3	106.85	119.4	187.14	216.39	261.45	178.75	187.23	133.8
Total Debt/Capital (%)	- -	- -	12.03	24.21	34.96	40.55	46.29	50.86	54.26	65.03	68.45	68.2	60.15	62.45	55.44
Total Debt/Total Assets (%)	- -	- -	8.19	15.22	22.16	27.05	30.82	31.3	31.92	37.75	38.89	37.56	31.51	29.22	27.46
Net Debt to Equity	-12.81	-9.09	2.19	19.23	36.2	51.89	71.16	82.66	65.43	113.9	142.3	190.29	130.54	134.65	85.07
Net Debt/Capital (%)	-14.79	-10.05	2.13	16.26	26.52	34.27	41.55	44.47	39.4	49.61	54.57	56.51	52.43	54.46	44.16
EBITDA	35,604	58,518	55,756	60,449	82,487	70,529	71,501	81,801	76,477	77,344	120,233	130,541	125,820	134,661	144,748
EBITDA-CapEx	28,152	49,116	46,680	50,636	70,999	56,981	58,706	68,488	65,982	70,035	109,148	119,833	114,861	125,214	132,033
Operating Income (Loss)	33,790	55,241	48,999	52,503	71,230	60,024	61,344	70,898	63,930	66,288	108,949	119,437	114,301	123,216	133,050

Liquidity (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023	09/30/2024	09/30/2025

Cash Ratio	0.93	0.76	0.93	0.4	0.52	0.85	0.74	0.57	0.95	0.86	0.5	0.31	0.42	0.37	0.33
Current Ratio	1.61	1.5	1.68	1.08	1.11	1.35	1.28	1.13	1.54	1.36	1.07	0.88	0.99	0.87	0.89
Quick Ratio	1.35	1.24	1.4	0.82	0.89	1.22	1.09	0.99	1.38	1.22	0.91	0.71	0.84	0.75	0.77
CFO/Avg Current Liab	1.54	1.53	1.31	1.12	1.13	0.83	0.71	0.71	0.63	0.76	0.9	0.87	0.74	0.74	0.65
Common Equity/Total Assets	65.46	66.86	59.91	47.65	41.23	39.67	35.76	30.24	26.9	20.3	17.93	17.51	20.87	17.57	22.08
Long-Term Debt/Equity (%)	- -	- -	13.73	25.99	44.68	58.81	72.52	87.48	101.46	163.84	189.22	216.5	153.32	150.57	106.23
Long-Term Debt/Capital (%)	- -	- -	12.03	19.89	28.98	35.14	38.9	41.64	46.11	56.93	59.86	56.47	51.59	50.22	44.01
Long-Term Debt/Total Assets (%)	- -	- -	8.19	12.5	18.37	23.45	25.9	25.63	27.12	33.05	34.01	31.1	27.02	23.49	21.8
Total Debt/Equity (%)	- -	- -	13.73	31.64	53.9	67.86	86.3	106.85	119.4	187.14	216.39	261.45	178.75	187.23	133.8
Total Debt/Capital (%)	- -	- -	12.03	24.21	34.96	40.55	46.29	50.86	54.26	65.03	68.45	68.2	60.15	62.45	55.44
Total Debt/Total Assets (%)	- -	- -	8.19	15.22	22.16	27.05	30.82	31.3	31.92	37.75	38.89	37.56	31.51	29.22	27.46
CFO/Total Liabilities	94.4	87.9	64.31	49.64	47.53	34.24	26.62	29.95	27.98	31.2	36.14	40.44	38.06	38.39	39.05
CFO/CapEx	5.04	5.41	5.91	6.09	7.07	4.89	5.02	5.82	6.61	11.04	9.39	11.41	10.09	12.52	8.77
Altman's Z-Score	8.25	9.42	5.73	5.23	4.39	3.78	3.64	4.28	4.29	6.39	7.05	6.61	7.72	9	10.27

Working Capital (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023	09/30/2024	09/30/2025

Accounts Receivable Turnover	19.9	19.2	14.22	11.96	13.62	13.23	13.63	12.94	11.28	14.06	17.26	14.48	13.29	12.43	11.37
Days Sales Outstanding	18.34	19.01	25.66	30.51	26.79	27.59	26.77	28.21	32.35	25.96	21.15	25.21	27.47	29.36	32.09
Inventory Turnover	70.53	112.12	83.45	57.94	62.82	58.64	40.37	37.17	40.13	41.52	40.03	38.79	37.98	30.9	33.98
Days Inventory Outstanding	5.17	3.26	4.37	6.3	5.81	6.22	9.04	9.82	9.09	8.79	9.12	9.41	9.61	11.81	10.74
Accounts Payable Turnover	4.82	4.91	4.94	4.28	4.27	3.6	3.53	3.25	3.17	3.83	4.44	3.73	3.4	3.21	3.16
Accounts Payable Turnover Days	75.8	74.38	73.87	85.19	85.43	101.27	103.5	112.21	115.1	95.31	82.2	97.77	107.31	113.63	115.48
Cash Conversion Cycle	-52.28	-52.12	-43.83	-48.38	-52.83	-67.46	-67.69	-74.17	-73.66	-60.57	-51.93	-63.15	-70.23	-72.46	-72.64
Inventory to Cash Days	13.17	15.75	21.29	24.21	20.98	21.37	17.73	18.39	23.25	17.17	12.03	15.8	17.86	17.55	21.35
Inventories	776	791	1,764	2,111	2,349	2,132	4,855	3,956	4,106	4,061	6,580	4,946	6,331	7,286	5,718
Raw Materials	- -	124	683	471	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	667	1,081	1,640	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	776	- -	- -	- -	2,349	2,132	4,855	3,956	4,106	4,061	6,580	4,946	6,331	7,286	5,718

Enterprise Value (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023	09/30/2024	09/30/2025

Market Capitalization	352,475	623,748	441,235	613,182	634,717	618,421	804,081	1,118,726	1,034,210	2,009,549	2,363,230	2,241,046	2,695,570	3,575,101	3,806,337
- Cash & Cash Equivalents	9,815	10,746	14,259	13,844	21,120	20,484	20,289	25,913	48,844	38,016	34,940	23,646	29,965	29,943	35,934
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	16,960	35,295	64,328	87,032	115,680	114,483	108,047	122,278	136,522	132,480	111,088	106,629	98,657
Enterprise Value	326,523	594,619	417,649	623,400	657,444	638,298	845,580	1,166,908	1,041,700	2,040,884	2,437,113	2,325,222	2,745,103	3,616,559	3,850,297
Total Capital	76,172	117,711	140,980	145,760	184,028	214,647	249,877	225,084	199,119	188,023	199,449	194,261	184,686	170,751	177,961
Total Debt/Capital (%)	- -	- -	12.03	24.21	34.96	40.55	46.29	50.86	54.26	65.03	68.45	68.2	60.15	62.45	55.44
Total Debt / EV	- -	- -	0.04	0.06	0.1	0.14	0.14	0.1	0.1	0.06	0.06	0.06	0.04	0.03	0.03
EV/Sales	3.02	3.8	2.44	3.41	2.81	2.96	3.69	4.39	4	7.43	6.66	5.9	7.16	9.25	9.25
EV/EBITDA	9.17	10.16	7.49	10.31	7.97	9.05	11.83	14.27	13.62	26.39	20.27	17.81	21.82	26.86	26.6
EV/EBIT	9.66	10.76	8.52	11.87	9.23	10.63	13.78	16.46	16.29	30.79	22.37	19.47	24.02	29.35	28.94
EV/Cash Flow to Firm	8.7	11.69	7.77	10.39	8.04	9.48	12.82	14.57	14.39	24.55	22.92	18.66	24.1	30.58	34.54
EV/Free Cash Flow to Firm	7.26	9.87	6.65	8.93	7.05	7.89	10.73	12.49	12.57	22.57	20.76	17.18	21.99	28.32	31
Diluted Market Cap	357,199	630,779	444,254	616,920	639,091	621,752	809,391	1,128,825	1,041,171	2,029,942	2,386,386	2,256,228	2,707,266	3,590,086	3,820,646
Diluted Enterprise Value	347,384	620,033	446,955	638,371	682,299	688,300	904,782	1,217,395	1,100,374	2,114,204	2,487,968	2,365,062	2,788,389	3,666,772	3,883,369
EV per Share	12.62	22.72	16.12	25.61	28.57	29.17	40.52	58.87	56.4	117.62	145.92	143.39	174.36	235.7	257.57
TTM Sales	108,249	156,508	170,910	182,795	233,715	215,639	229,234	265,595	260,174	274,515	365,817	394,328	383,285	391,035	416,161
TTM EBITDA	35,604	58,518	55,756	60,449	82,487	70,529	71,501	81,801	76,477	77,344	120,233	130,541	125,820	134,661	144,748
TTM Operating Income	33,790	55,241	48,999	52,503	71,230	60,024	61,344	70,898	63,930	66,288	108,949	119,437	114,301	123,216	133,050
TTM Cash Flow to Firm	37,529	50,856	53,766	59,997	81,806	67,315	65,978	80,080	72,397	83,132	106,331	124,607	113,897	118,254	111,482
TTM Free Cash Flow to Firm	44,981	60,258	62,842	69,810	93,294	80,863	78,773	93,393	82,892	90,441	117,416	135,315	124,856	127,701	124,197

Multiples (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023	09/30/2024	09/30/2025

Price/Free Cash Flow	7.94	10.47	7.08	8.87	6.89	7.79	10.51	12.44	13.03	23.07	20.73	16.98	22.28	28.11	30.76
EV/EBIT	9.66	10.76	8.52	11.87	9.23	10.63	13.78	16.46	16.29	30.79	22.37	19.47	24.02	29.35	28.94
Enterprise Value	326,523	594,619	417,649	623,400	657,444	638,298	845,580	1,166,908	1,041,700	2,040,884	2,437,113	2,325,222	2,745,103	3,616,559	3,850,297
Low Price	9.92	12.65	13.75	17.08	23	22.37	26.02	37.56	35.5	53.15	107.32	129.04	124.17	164.08	169.21
EV/Sales	3.02	3.8	2.44	3.41	2.81	2.96	3.69	4.39	4	7.43	6.66	5.9	7.16	9.25	9.25
EV/EBITDA	9.17	10.16	7.49	10.31	7.97	9.05	11.83	14.27	13.62	26.39	20.27	17.81	21.82	26.86	26.6
Price/Earnings	13.6	14.95	11.91	15.52	11.89	13.54	16.63	18.79	18.72	35	24.96	22.45	27.79	38.14	33.98
Price/Earnings Average	12.26	11.86	12.1	12.91	12.79	12.56	14.79	15.18	16.06	24.54	23.18	25.77	26.3	31.8	29.87
Price/Earnings High	15.08	15.79	16.91	15.98	14.5	14.83	17.8	19.12	19.51	41.7	27.74	29.72	32.18	38.83	34.71
Price/Earnings Low	9.9	7.93	9.62	10.52	9.91	10.71	11.23	12.51	11.87	16.06	18.93	20.97	20.16	26.86	22.58
Price/Book Value	4.63	5.3	3.56	5.55	5.3	4.85	5.99	10.11	11.36	30.57	37.56	36.27	36.63	55.75	48
Price/Book Value Average	4.17	4.2	3.61	4.62	5.7	4.5	5.33	8.17	9.74	21.43	34.87	41.64	34.66	46.49	42.19
Price/Book Value High	5.13	5.6	5.05	5.72	6.47	5.31	6.41	10.29	11.84	36.42	41.74	48.02	42.41	56.77	49.03
Price/Book Value Low	3.37	2.81	2.87	3.76	4.42	3.84	4.05	6.73	7.2	14.03	28.48	33.87	26.56	39.26	31.9
Price/Tangible Book Value	4.88	5.53	3.75	5.97	5.75	5.17	6.38	10.44	11.43	30.76	37.46	44.23	43.37	62.78	51.62
Price/Tangible Book Value Average	4.4	4.38	3.8	4.96	6.19	4.8	5.67	8.43	9.81	21.56	34.78	50.76	41.05	52.34	45.38
Price/Tangible Book Value High	5.41	5.84	5.32	6.14	7.02	5.66	6.83	10.62	11.92	36.64	41.63	58.54	50.22	63.92	52.73
Price/Tangible Book Value Low	3.56	2.93	3.02	4.04	4.8	4.09	4.31	6.95	7.25	14.12	28.41	41.3	31.46	44.21	34.31
Price/Sales	3.26	3.99	2.58	3.35	2.72	2.87	3.51	4.21	3.98	7.32	6.46	5.68	7.03	9.14	9.15
Price/Sales Average	2.94	3.16	2.62	2.79	2.92	2.66	3.12	3.4	3.41	5.13	6	6.52	6.66	7.62	8.04
Price/Sales High	3.61	4.21	3.66	3.45	3.31	3.14	3.75	4.29	4.14	8.72	7.18	7.52	8.14	9.31	9.34
Price/Sales Low	2.37	2.12	2.08	2.27	2.26	2.27	2.37	2.8	2.52	3.36	4.9	5.31	5.1	6.44	6.08
Price/Cash Flow	9.39	12.26	8.22	10.27	7.81	9.34	12.52	14.45	14.9	24.91	22.72	18.35	24.38	30.23	34.14
Price/Cash Flow Average	8.47	9.73	8.35	8.54	8.4	8.66	11.13	11.67	12.79	17.46	21.09	21.06	23.08	25.21	30.02
Price/Cash Flow High	10.41	12.96	11.67	10.57	9.53	10.23	13.4	14.7	15.54	29.68	25.25	24.29	28.23	30.78	34.88
Price/Cash Flow Low	6.84	6.51	6.64	6.96	6.51	7.39	8.45	9.61	9.45	11.43	17.23	17.13	17.69	21.29	22.69
Price/Free Cash Flow Average	7.16	8.3	7.19	7.38	7.41	7.23	9.35	10.05	11.18	16.18	19.25	19.49	21.09	23.44	27.04
Price/Free Cash Flow High	8.8	11.06	10.05	9.14	8.4	8.54	11.25	12.66	13.59	27.49	23.04	22.48	25.8	28.62	31.42
Price/Free Cash Flow Low	5.78	5.56	5.72	6.02	5.75	6.17	7.1	8.28	8.26	10.59	15.72	15.86	16.16	19.8	20.44
EV/Sales Average	2.85	3.09	2.64	2.91	3.11	2.97	3.54	3.74	3.64	5.44	6.28	6.8	6.87	7.82	8.19
EV/Sales High	3.52	4.14	3.68	3.57	3.5	3.45	4.17	4.62	4.37	9.03	7.46	7.8	8.35	9.5	9.49
EV/Sales Low	2.28	2.05	2.1	2.39	2.45	2.58	2.78	3.14	2.75	3.67	5.18	5.58	5.31	6.63	6.23
EV/EBITDA Average	8.65	8.27	8.09	8.79	8.8	9.08	11.34	12.13	12.38	19.31	19.1	20.54	20.92	22.71	23.55
EV/EBITDA High	10.7	11.08	11.28	10.8	9.91	10.55	13.37	15	14.87	32.05	22.69	23.56	25.45	27.6	27.29
EV/EBITDA Low	6.93	5.47	6.44	7.23	6.94	7.88	8.93	10.18	9.35	13.01	15.75	16.86	16.18	19.27	17.91
EV/EBIT Average	9.11	8.76	9.2	10.12	10.19	10.67	13.21	13.99	14.81	22.53	21.08	22.45	23.03	24.82	25.62
EV/EBIT High	11.27	11.74	12.84	12.44	11.48	12.4	15.58	17.3	17.79	37.39	25.04	25.75	28.01	30.16	29.69
EV/EBIT Low	7.31	5.8	7.33	8.33	8.04	9.26	10.41	11.75	11.18	15.18	17.38	18.43	17.81	21.05	19.48
Last Price	13.62	23.83	17.03	25.19	27.58	28.26	38.53	56.44	55.99	115.81	141.5	138.2	171.21	233	254.63
High Price	15.1	25.18	24.17	25.94	33.64	30.96	41.24	57.42	58.37	137.98	157.26	182.94	198.23	237.23	260.1
Enterprise Value Average	307,977	484,096	450,823	531,544	725,871	640,287	810,489	992,139	946,516	1,493,155	2,296,139	2,681,160	2,632,211	3,057,718	3,408,939
Enterprise Value High	380,961	648,338	628,928	652,890	817,388	744,054	956,027	1,226,721	1,137,375	2,478,507	2,728,024	3,075,382	3,202,102	3,716,692	3,950,828
Enterprise Value Low	246,907	320,367	358,953	437,217	572,523	556,077	638,402	833,066	714,935	1,006,527	1,893,963	2,201,342	2,036,084	2,594,294	2,592,159

Shares Outstanding	26,020	26,298	25,178	23,465	22,315	21,345	20,505	19,020	17,773	16,977	16,427	15,943	15,550	15,117	14,773
Diluted Weighted Avg Shares	26,226	26,470	26,087	24,491	23,172	22,001	21,007	20,000	18,596	17,528	16,865	16,326	15,813	15,408	15,005
Basic Weighted Avg Shares	25,879	26,175	25,909	24,342	23,014	21,883	20,869	19,822	18,471	17,352	16,701	16,216	15,744	15,344	14,948
Revenue per Share	4.18	5.98	6.6	7.51	10.16	9.85	10.98	13.4	14.09	15.82	21.9	24.32	24.34	25.48	27.84
EBITDA per Share	1.38	2.24	2.15	2.48	3.58	3.22	3.43	4.13	4.14	4.46	7.2	8.05	7.99	8.78	9.68
Operating Income per Share	1.31	2.11	1.89	2.16	3.1	2.74	2.94	3.58	3.46	3.82	6.52	7.37	7.26	8.03	8.9
Basic EPS, GAAP	1	1.59	1.43	1.62	2.32	2.09	2.32	3	2.99	3.31	5.67	6.15	6.16	6.11	7.49
Basic EPS from Cont Ops	1	1.59	1.43	1.62	2.32	2.09	2.32	3	2.99	3.31	5.67	6.15	6.16	6.11	7.49
Diluted EPS, GAAP	0.99	1.58	1.42	1.61	2.3	2.08	2.3	2.98	2.97	3.28	5.61	6.11	6.13	6.08	7.46
Diluted EPS from Cont Ops	0.99	1.58	1.42	1.61	2.3	2.08	2.3	2.98	2.97	3.28	5.61	6.11	6.13	6.08	7.46
Dividend per Share	- -	0.1	0.41	0.46	0.5	0.56	0.61	0.69	0.76	0.81	0.87	0.92	0.95	0.99	1.03
Cash Flow per Share	1.45	1.94	2.07	2.45	3.53	3.03	3.08	3.91	3.76	4.65	6.23	7.53	7.02	7.71	7.46
Free Cash Flow per Basic Share	1.16	1.58	1.72	2.05	3.03	2.41	2.46	3.23	3.19	4.23	5.57	6.87	6.33	7.09	6.61
Cash & Equivalents per Share	1	1.11	1.56	1.03	1.81	3.07	3.55	3.34	5.44	5.24	3.75	2.98	3.91	4.25	3.66
Book Value per Share	2.94	4.5	4.79	4.54	5.2	5.83	6.43	5.58	4.93	3.79	3.77	3.81	4.67	4.18	5.31
Tangible Book Value per Share	2.79	4.31	4.55	4.22	4.79	5.47	6.04	5.41	4.9	3.77	3.78	3.12	3.95	3.71	4.93

Apple Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)