Aureus
AExcellent

Apple Inc.(AAPL)

A

Financial data as of Sep 30, 2025Improving · Technology

FCF Margin23.7%Free Cash Flow / Revenue
Cash Conversion99.5%Operating CF / Net Income
Free Cash Flow$98.8B
Revenue$416.2B
Net Cash-$62.7BNet debt position
Debt / FCF1.0xManageable debt load
Current Ratio0.89Tight short-term liquidity
YoY FCF Growth+91.0%5 of 5 quarters positive

How This Grade Was Calculated

Base grade from FCF margin, adjusted by financial health factors

BaseB
→
+0.5Healthy FCF margin with manageable debt (23.7%, 1.0x)
→
-1Current ratio below 1.0 (0.89)
→
+1Strong YoY FCF growth (91.0% YoY)
→
+1Very low debt-to-FCF ratio (1.0x)
→
FinalA

Analysis Summary

Strengths

  • Exceptional FCF margin (23.7%)
  • Very low debt relative to cash flow (1.0x)
  • Strong YoY FCF growth (+91.0%)
  • FCF trend is improving

Concerns

  • Net debt position ($62.7B)
  • Current ratio below 1.0 — tight short-term liquidity

Financial Breakdown

Key financials compared side by side

Margin Composition

FCF Margin23.7%
Net Margin26.9%
Operating CF Margin26.8%
CapEx Ratio3.1%

Balance Sheet Health

Debt, liquidity, and leverage snapshot

Net Cash-$62.7BNet debt position
Debt / FCF1.0xManageable debt load
Current Ratio0.89Tight liquidity
Debt / Equity1.34Moderate leverage

Quarterly FCF Trend

+91.0% YoYImproving (+91.0%)

Free cash flow per quarter

Sector Comparison — Technology

FCF Margin ranked against sector peers

View all →

Detailed Metrics

Company NameApple Inc.
SectorTechnology
Free Cash Flow$98.8B
Revenue$416.2B
Net Income$112.0B
Operating Cash Flow$111.5B
Capital Expenditure$12.7B
FCF Margin23.7%
Cash Conversion Rate99.5%
Net Margin26.9%
Total Debt$98.7B
Total Cash$35.9B
Net Cash-$62.7B
Current Ratio0.89
Debt / Equity1.34
Debt / FCF1.0x
YoY FCF Growth+91.0%
Positive Quarters5 of 5
Trend DirectionImproving
Report DateSep 30, 2025
GradeA
Data SourceYahoo Finance

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