# Apple Inc. (AAPL) — Stock CV

Apple Inc. is a $4.91T technology company. Revenue grew 14.2% over the last year, it keeps 28¢ of every dollar of sales as profit, and its net debt equals ~0.2 years of free cash flow. It trades at 38.1× earnings — near the highest of its own history.

> Apple is among the largest companies in the world, with a broad portfolio of hardware and software products targeted at consumers and businesses.

## Identity

- **Ticker**: AAPL
- **Sector**: Technology
- **Industry**: Consumer Electronics
- **Headquarters**: CUPERTINO, CA
- **Employees**: 166 000
- **Website**: https://www.apple.com
- **Market cap**: $4.91T
- **Last price**: $336.11
- **Financial profile**: Strong

## Vitals (TTM)

- **Revenue**: $467B
- **Net income**: $129B
- **Free cash flow**: $137B
- **Net debt**: $31.6B
- **P/E**: 38.1
- **Revenue growth (YoY)**: 14.2%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 15 |
| Growth | 44 |
| Profitability | 100 |
| Health | 82 |
| Quality | 95 |
| Moat | 88 |

## Qualifications (beginner checklist) — 11 of 11 passed

- [x] Revenue growing — +14.2% YoY
- [x] Profitable — $129B TTM
- [x] Profit growing — +6.9% YoY
- [x] Generates cash — $137B TTM
- [x] Debt under control — ~0.2y of cash flow to repay
- [x] Established company — $4.91T market cap
- [x] Not printing shares — -14.4% shares over ~5y
- [x] Proven track record — 10/10 profitable years
- [x] Financially stable — Altman Z 12.8 — safe
- [x] Pays a dividend — yield 0.32%
- [x] Valuation not extreme — P/E 38.1

## Experience (career milestones)

- **FY2025** — Best year on record: $112B net income
- **FY2019** — Became debt-free: cash now exceeds total debt
- **Aug 2, 2018** — First US company to reach $1T: later first to $3T as well
- **FY2016** — Profitable every year on record: 10 consecutive profitable years in our data
- **FY2016** — Revenue already above $100B: $216B in first reported year
- **FY2016** — Positive free cash flow every year since: 10-year streak
- **2008** — The service quickly became the leading online music retailer, reaching more than 5 billion downloads by June 2008…
- **Jun 29, 2007** — iPhone: redefined the phone — now ~half of revenue
- **Jan 10, 2006** — The first Intel-based Macs, the MacBook Pro and iMac, were introduced on January 10, 2006, using Intel's Core Duo…
- **Oct 23, 2001** — iPod: put 1,000 songs in a pocket, revived the brand
- **1999** — Apple acquired Macromedia's Key Grip digital video editing project
- **May 6, 1998** — The first all-new product introduced under this strategy was the iMac, unveiled on May 6, 1998
- **1997** — Steve Jobs returns: via the NeXT acquisition — start of the turnaround
- **Jan 24, 1984** — Macintosh: first mass-market personal computer with a mouse and GUI
- **1983** — Apple's first GUI-based computer, the Apple Lisa, was introduced in 1983
- **Dec 12, 1980** — IPO on Nasdaq: largest since Ford — made ~300 millionaires overnight
- **Apr 16, 1977** — The Apple II, also designed by Wozniak, was introduced on April 16, 1977, at the first West Coast Computer Faire
- **Apr 1, 1976** — Founded in the Jobs family garage: Steve Jobs, Steve Wozniak and Ronald Wayne

## Strengths

- High gross margin (48.6%)
- Strongly profitable — 27.6% net margin
- Revenue growing 14.2% year over year
- Strong cash conversion — FCF is 29.3% of revenue
- Could repay net debt from ~0.2 years of free cash flow

## Watch-outs

- None stand out in the data.

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $366B | $94.7B | $93.0B |
| FY2022 | $394B | $99.8B | $111B |
| FY2023 | $383B | $97.0B | $99.6B |
| FY2024 | $391B | $93.7B | $109B |
| FY2025 | $416B | $112B | $98.8B |

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Source: https://stockcv.com/AAPL — derived from company filings; may be delayed or incomplete. Information, not investment advice.