Apple Financial Ratios
NASDAQ: AAPLTechnologyComputer ManufacturingUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Apple ratio analysis
Apple earned a net margin of 26.9% in FY 2025, up from 24.0% a year earlier. Gross margin was 46.9% compared with a median of 39.1% over the prior 9 years. Return on equity reached 151.9%, meaning Apple generated 1.52 dollars of profit for every dollar of shareholders' equity, an unusually high figure that often reflects a small equity base after share buybacks.
Debt-to-equity stood at 1.34 versus 1.87 the year before, and the current ratio was 0.89. At the end of FY 2025, AAPL traded at 34.2 times earnings; across the 10 fiscal years shown, its year-end P/E ranged from 3.4 to 37.5, with a median of 25.4. Valuation ratios use the closing share price on each fiscal year-end date and diluted shares from the income statement; profitability and leverage ratios use reported annual figures. Current valuation multiples are on the statistics page.
Summary generated from market data by MetaCap's automated system. Methodology
Apple financial ratios (annual)
| Ratio | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E ratio (at fiscal year end) | 34.24 | 37.47 | 27.93 | 24.62 | 26.19 | 34.23 | 18.42 | 18.94 | 4.18 | 3.39 |
| Price / sales | 9.18 | 8.94 | 7.03 | 6.19 | 6.71 | 7.10 | 3.88 | 4.21 | 0.88 | 0.71 |
| Price / book | 51.79 | 61.37 | 43.37 | 48.14 | 38.89 | 29.82 | 11.17 | 10.44 | 1.50 | 1.20 |
| Gross margin | 46.9% | 46.2% | 44.1% | 43.3% | 41.8% | 38.2% | 37.8% | 38.3% | 38.5% | 39.1% |
| Operating margin | 32.0% | 31.5% | 29.8% | 30.3% | 29.8% | 24.1% | 24.6% | 26.7% | 26.8% | 27.8% |
| Net margin | 26.9% | 24.0% | 25.3% | 25.3% | 25.9% | 20.9% | 21.2% | 22.4% | 21.1% | 21.2% |
| Free cash flow margin | 23.7% | 27.8% | 26.0% | 28.3% | 25.4% | 26.7% | 22.6% | 24.1% | 22.6% | 24.8% |
| Return on equity (ROE) | 151.9% | 164.6% | 156.1% | 197.0% | 150.1% | 87.9% | 61.1% | 55.6% | 36.1% | 35.6% |
| Return on assets (ROA) | 31.2% | 25.7% | 27.5% | 28.3% | 27.0% | 17.7% | 16.3% | 16.3% | 12.9% | 14.2% |
| Debt / equity | 1.34 | 1.87 | 1.79 | 2.37 | 1.98 | 1.72 | 1.19 | 1.07 | 0.86 | 0.68 |
| Current ratio | 0.89 | 0.87 | 0.99 | 0.88 | 1.07 | 1.36 | 1.54 | 1.13 | 1.28 | 1.35 |
| Revenue growth | 6.4% | 2.0% | -2.8% | 7.8% | 33.3% | 5.5% | -2.0% | 15.9% | 6.3% | -7.7% |
| EPS growth | 22.7% | -0.8% | 0.3% | 8.9% | 71.0% | 10.4% | -0.3% | -67.6% | 10.8% | -9.9% |