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Apple is among the largest companies in the world, with a broad portfolio of hardware and software products targeted at consumers and businesses. Apple’s iPhone makes up a majority of the firm sales, and Apple’s other products like Mac, iPad, and Watch are designed around the iPhone as the focal point of an expansive software ecosystem. Apple has progressively worked to add new applications, like streaming video, subscription bundles, and augmented reality. The firm designs its own software and semiconductors while working with subcontractors like Foxconn and TSMC to build its products and chips. Slightly less than half of Apple’s sales come directly through its flagship stores, with a majority of sales coming indirectly through partnerships and distribution.
1977
164K+
LTM Revenue $398B
LTM EBITDA $138B
$3.73T
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Apple has a last 12-month revenue of $398B and a last 12-month EBITDA of $138B.
In the most recent fiscal year, Apple achieved revenue of $391B and an EBITDA of $135B.
Apple expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Apple valuation multiples based on analyst estimates| FY 2022 | FY 2023 | FY 2024 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $394B | $383B | $391B | $398B | XXX |
| Gross Profit | $171B | $169B | $181B | XXX | XXX |
| Gross Margin | 43% | 44% | 46% | XXX | XXX |
| EBITDA | $133B | $129B | $135B | $138B | XXX |
| EBITDA Margin | 34% | 34% | 34% | 35% | XXX |
| Net Profit | $99.8B | $97.0B | $93.7B | XXX | XXX |
| Net Margin | 25% | 25% | 24% | XXX | XXX |
| Net Debt | $96.4B | $81.1B | $76.7B | XXX | XXX |
Financial data powered by Morningstar, Inc.
As of February 21, 2025, Apple's stock price is $246.
Apple has current market cap of $3.69T, and EV of $3.73T.
See Apple trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $3.73T | $3.69T | XXX | XXX | XXX | XXX | $6.57 |
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Sign UpAs of February 21, 2025, Apple has market cap of $3.69T and EV of $3.73T.
Apple's trades at 9.4x LTM EV/Revenue multiple, and 27.1x LTM EBITDA.
Analysts estimate Apple's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Apple and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $3.73T | XXX | XXX | XXX |
| EV/Revenue | 9.4x | XXX | XXX | XXX |
| EV/EBITDA | 27.3x | XXX | XXX | XXX |
| P/E | 37.7x | XXX | XXX | XXX |
| P/E/Growth | 3.2x | XXX | XXX | XXX |
| EV/FCF | 33.9x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpApple's NTM/LTM revenue growth is 6%
Apple's revenue per employee for the last fiscal year averaged $2.4M, while opex per employee averaged $0.4M for the same period.
Over next 12 months, Apple's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Apple's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Apple and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 2% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 35% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 4% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 41% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $2.4M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.4M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 8% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 15% | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Ideal Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Quest Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Havells India | XXX | XXX | XXX | XXX | XXX | XXX |
| Dixon Technologies | XXX | XXX | XXX | XXX | XXX | XXX |
| Mirgor | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Apple acquired XXX companies to date.
Last acquisition by Apple was XXXXXXXX, XXXXX XXXXX XXXXXX . Apple acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Apple founded? | Apple was founded in 1977. |
| Where is Apple headquartered? | Apple is headquartered in United States of America. |
| How many employees does Apple have? | As of today, Apple has 164K+ employees. |
| Who is the CEO of Apple? | Apple's CEO is Mr. Timothy D. Cook. |
| Is Apple publicy listed? | Yes, Apple is a public company listed on NAS. |
| What is the stock symbol of Apple? | Apple trades under AAPL ticker. |
| When did Apple go public? | Apple went public in 1980. |
| Who are competitors of Apple? | Similar companies to Apple include e.g. Ideal Holdings, Quest Holdings, Havells India, Dixon Technologies. |
| What is the current market cap of Apple? | Apple's current market cap is $3.69T |
| What is the current revenue of Apple? | Apple's last 12-month revenue is $398B. |
| What is the current EBITDA of Apple? | Apple's last 12-month EBITDA is $138B. |
| What is the current EV/Revenue multiple of Apple? | Current revenue multiple of Apple is 9.4x. |
| What is the current EV/EBITDA multiple of Apple? | Current EBITDA multiple of Apple is 27.1x. |
| What is the current revenue growth of Apple? | Apple revenue growth between 2023 and 2024 was 2%. |
| Is Apple profitable? | Yes, Apple is EBITDA-positive (as of the last 12 months). |
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