Apple Inc. (AAPL) - Company Profile - 2026-04-22
Company Overview
Apple Inc. (AAPL) is a United States–based technology company that designs, manufactures, and markets consumer electronics, software, and services globally. Core product families include iPhone, Mac, iPad, and wearables and accessories such as AirPods, Apple Vision Pro, Apple TV, Apple Watch, Beats products, and HomePod, along with Apple-branded and third-party accessories. The company provides AppleCare support, cloud services, and digital platforms including the App Store, which enables customers to discover and download apps and digital content, as well as advertising services and licensing arrangements. Apple also offers subscription-based services such as Apple Arcade, Apple Fitness+, Apple Music, Apple News+, Apple TV+, Apple Card, and Apple Pay, in addition to licensing its intellectual property. The company distributes products through Apple’s retail and online stores, direct sales force, third-party cellular network carriers and resellers, and serves consumers, education, enterprise, and government markets worldwide. Apple was founded in 1976 and is headquartered in Cupertino, California. Report date: 2026-04-22.
Business and Operations
Apple designs and markets a broad ecosystem of hardware, software, and services. Hardware offerings include flagship devices across smartphones, personal computers, tablets, and wearables, complemented by AirPods, Vision Pro, Apple TV, HomePod, Beats products, and related accessories. The services segment encompasses cloud services, digital platforms such as the App Store, and a range of subscription offerings including Apple Arcade, Apple Fitness+, Apple Music, Apple News+, Apple TV+, as well as financial services like Apple Card and Apple Pay, plus licensing of intellectual property. The company distributes through its own retail and online stores, a direct sales force, and third-party carriers and resellers, serving consumers, education, enterprise, and government markets globally.
Fundamental Metrics
- Market cap: $3.91T
- Enterprise value: $3.93T
- P/E (trailing): 33.65
- P/E (forward): 28.36
- P/B: 44.38
- P/S: 8.98
- PEG: 2.46
- Profit margin: 27.04%
- Operating margin: 35.37%
- ROE: 152.02%
- ROA: 24.38%
- Debt/Equity: 102.63
- Current ratio: 0.97
- Revenue (TTM): $435.62B
- Revenue growth (YoY): 15.70%
- Earnings growth (YoY): 18.30%
- Free cash flow: $106.31B
- Dividend yield: 39.00%
- Payout ratio: 13.04%
- Beta: 1.11
Share Structure and Ownership
- Shares outstanding: 14,681,140,000.00
- Float: 14,656,035,251.00
- Insider held: 1.64%
- Institutional held: 65.33%
- Short ratio (days to cover): 3.11
- Short % of float: 0.86%
Top institutional holders:
- Vanguard Group Inc: 9.72% of shares
- Blackrock Inc.: 7.86% of shares
- State Street Corporation: 4.11% of shares
- Geode Capital Management, LLC: 2.44% of shares
- FMR, LLC: 2.09% of shares
Trading Activity
- Beta: 1.11
- 30-day avg volume: 41,337,793
- 90-day avg volume: 45,970,466
- Short ratio (days to cover): 3.11
- Short % of float: 0.86%
Recent Price Action
- Last close: $266.17 on 2026-04-21
- 1-month change: +7.33%
- 3-month change: +3.08%
- YTD change: -1.79%
- 1-year change: +33.26%
- 52-week high: $288.62
- 52-week low: $193.25
- [Drawdown](https://aksoycapital.com/glossary/drawdown.html) from 52W high: -7.78%
- 30-day avg volume: 41,337,793
- 90-day avg volume: 45,970,466
Strengths
- Revenue (TTM) of $435.62B with revenue growth (YoY) of 15.70%.
- Profit margin of 27.04% and operating margin of 35.37%.
- Free cash flow of $106.31B.
- Market capitalization of $3.91T and enterprise value of $3.93T.
- [Valuation multiples](https://aksoycapital.com/glossary/valuation-multiples.html): P/E (trailing) 33.65, P/E (forward) 28.36, P/S 8.98, P/B 44.38, PEG 2.46.
- Return on equity (ROE) of 152.02% and return on assets (ROA) of 24.38%.
- Dividend yield of 39.00% with payout ratio of 13.04%.
- Beta of 1.11, indicating moderate market sensitivity.
- Ownership structure with 65.33% institutional held and 1.64% insider held.
- 52-week range between $193.25 and $288.62, illustrating price dispersion over the last year.
Considerations
- Current ratio is 0.97, indicating near-term liquidity near parity.
- Debt/Equity at 102.63 suggests a high level of leverage relative to equity.
- Valuation multiples are elevated (e.g., P/B 44.38, P/S 8.98), which may reflect premium pricing or growth expectations.
- Dividend yield reported at 39.00% alongside a payout ratio of 13.04%; these figures may warrant scrutiny for consistency with payout policy.
- PEG of 2.46 implies growth is priced into the stock relative to the earnings base.
- Short float is 0.86% with a short ratio of 3.11, indicating limited, but present, near-term short interest.
- The stock shows significant year-over-year gain (1-year change +33.26%) but a negative YTD performance (-1.79%), signaling volatility within the year.
- Beta of 1.11 indicates exposure to overall market movements similar to broad indices.
- 52-week high close to the current trading level, suggesting limited downside within the near term relative to the high end of the prior year.
Summary
Apple Inc. is a U.S. technology company with a broad product and services ecosystem, including iPhone, Mac, iPad, wearables, and a extensive services segment. As of 2026-04-21, it reported a TTM revenue of $435.62B, free cash flow of $106.31B, and a market capitalization of $3.91T, with substantial institutional ownership and a diversified revenue base. The last close was $266.17 on 2026-04-21, with a 1-year return of about 33.26% and a mix of growth and valuation metrics within a high-market-cap framework.