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Side-by-side financial comparison of Apple Inc. (AAPL) and Analog Devices (ADI). Click either name above to swap in a different company.
Apple Inc. is the larger business by last-quarter revenue ($143.8B vs $3.2B, roughly 45.5× Analog Devices). Apple Inc. runs the higher net margin — 29.3% vs 26.3%, a 3.0% gap on every dollar of revenue. On growth, Analog Devices posted the faster year-over-year revenue change (30.4% vs 15.7%). Apple Inc. produced more free cash flow last quarter ($51.6B vs $1.3B). Over the past eight quarters, Apple Inc.'s revenue compounded faster (25.9% CAGR vs 21.0%).
Apple Inc. is an American multinational technology company headquartered in Cupertino, California, in Silicon Valley, best known for its consumer electronics, software and online services. Founded in 1976 as Apple Computer Company by Steve Jobs, Steve Wozniak and Ronald Wayne, the company was incorporated by Jobs and Wozniak as Apple Computer, Inc. the following year. It was renamed to its current name in 2007 as the company had expanded its focus from computers to consumer electronics. Apple...
Analog Devices, Inc. (ADI), also known simply as Analog, is an American multinational semiconductor company specializing in data conversion, signal processing, and power management technology, headquartered in Wilmington, Massachusetts.
AAPL vs ADI — Head-to-Head
Income Statement — Q1 2026 vs Q1 2026
| Metric | | |
|---|---|---|
| Revenue | $143.8B | $3.2B |
| Net Profit | $42.1B | $830.8M |
| Gross Margin | 48.2% | 64.7% |
| Operating Margin | 35.4% | 31.5% |
| Net Margin | 29.3% | 26.3% |
| Revenue YoY | 15.7% | 30.4% |
| Net Profit YoY | 15.9% | 112.3% |
| EPS (diluted) | $2.84 | $1.69 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $3.2B | ||
| Q4 25 | $143.8B | $3.1B | ||
| Q3 25 | $102.5B | $2.9B | ||
| Q2 25 | $94.0B | $2.6B | ||
| Q1 25 | $95.4B | $2.4B | ||
| Q4 24 | $124.3B | $2.4B | ||
| Q3 24 | $94.9B | $2.3B | ||
| Q2 24 | $85.8B | $2.2B |
| Q1 26 | — | $830.8M | ||
| Q4 25 | $42.1B | $787.7M | ||
| Q3 25 | $27.5B | $518.5M | ||
| Q2 25 | $23.4B | $569.8M | ||
| Q1 25 | $24.8B | $391.3M | ||
| Q4 24 | $36.3B | $478.1M | ||
| Q3 24 | $14.7B | $392.2M | ||
| Q2 24 | $21.4B | $302.2M |
| Q1 26 | — | 64.7% | ||
| Q4 25 | 48.2% | 63.1% | ||
| Q3 25 | 47.2% | 62.1% | ||
| Q2 25 | 46.5% | 61.0% | ||
| Q1 25 | 47.1% | 59.0% | ||
| Q4 24 | 46.9% | 58.0% | ||
| Q3 24 | 46.2% | 56.7% | ||
| Q2 24 | 46.3% | 54.7% |
| Q1 26 | — | 31.5% | ||
| Q4 25 | 35.4% | 30.7% | ||
| Q3 25 | 31.6% | 28.4% | ||
| Q2 25 | 30.0% | 25.7% | ||
| Q1 25 | 31.0% | 20.3% | ||
| Q4 24 | 34.5% | 23.3% | ||
| Q3 24 | 31.2% | 21.2% | ||
| Q2 24 | 29.6% | 17.9% |
| Q1 26 | — | 26.3% | ||
| Q4 25 | 29.3% | 25.6% | ||
| Q3 25 | 26.8% | 18.0% | ||
| Q2 25 | 24.9% | 21.6% | ||
| Q1 25 | 26.0% | 16.1% | ||
| Q4 24 | 29.2% | 19.6% | ||
| Q3 24 | 15.5% | 17.0% | ||
| Q2 24 | 25.0% | 14.0% |
| Q1 26 | — | $1.69 | ||
| Q4 25 | $2.84 | $1.60 | ||
| Q3 25 | $1.84 | $1.04 | ||
| Q2 25 | $1.57 | $1.14 | ||
| Q1 25 | $1.65 | $0.78 | ||
| Q4 24 | $2.40 | $0.95 | ||
| Q3 24 | $0.97 | $0.79 | ||
| Q2 24 | $1.40 | $0.61 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $66.9B | $2.9B |
| Total DebtLower is stronger | $88.5B | — |
| Stockholders' EquityBook value | $88.2B | $33.8B |
| Total Assets | $379.3B | $48.0B |
| Debt / EquityLower = less leverage | 1.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $2.9B | ||
| Q4 25 | $66.9B | $3.7B | ||
| Q3 25 | $54.7B | $2.3B | ||
| Q2 25 | $55.4B | $2.4B | ||
| Q1 25 | $48.5B | $2.3B | ||
| Q4 24 | $53.8B | $2.4B | ||
| Q3 24 | $65.2B | $2.1B | ||
| Q2 24 | $61.8B | $2.4B |
| Q1 26 | — | — | ||
| Q4 25 | $88.5B | — | ||
| Q3 25 | $90.7B | — | ||
| Q2 25 | $91.8B | — | ||
| Q1 25 | $92.2B | — | ||
| Q4 24 | $94.8B | — | ||
| Q3 24 | $96.7B | — | ||
| Q2 24 | $98.3B | — |
| Q1 26 | — | $33.8B | ||
| Q4 25 | $88.2B | $33.8B | ||
| Q3 25 | $73.7B | $34.1B | ||
| Q2 25 | $65.8B | $35.0B | ||
| Q1 25 | $66.8B | $35.1B | ||
| Q4 24 | $66.8B | $35.2B | ||
| Q3 24 | $57.0B | $35.2B | ||
| Q2 24 | $66.7B | $35.2B |
| Q1 26 | — | $48.0B | ||
| Q4 25 | $379.3B | $48.0B | ||
| Q3 25 | $359.2B | $48.2B | ||
| Q2 25 | $331.5B | $47.3B | ||
| Q1 25 | $331.2B | $48.0B | ||
| Q4 24 | $344.1B | $48.2B | ||
| Q3 24 | $365.0B | $48.6B | ||
| Q2 24 | $331.6B | $48.9B |
| Q1 26 | — | — | ||
| Q4 25 | 1.00× | — | ||
| Q3 25 | 1.23× | — | ||
| Q2 25 | 1.39× | — | ||
| Q1 25 | 1.38× | — | ||
| Q4 24 | 1.42× | — | ||
| Q3 24 | 1.70× | — | ||
| Q2 24 | 1.47× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $53.9B | $1.4B |
| Free Cash FlowOCF − Capex | $51.6B | $1.3B |
| FCF MarginFCF / Revenue | 35.9% | 39.8% |
| Capex IntensityCapex / Revenue | 1.7% | 3.5% |
| Cash ConversionOCF / Net Profit | 1.28× | 1.65× |
| TTM Free Cash FlowTrailing 4 quarters | $123.3B | $4.6B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.4B | ||
| Q4 25 | $53.9B | $1.7B | ||
| Q3 25 | $29.7B | $1.2B | ||
| Q2 25 | $27.9B | $819.5M | ||
| Q1 25 | $24.0B | $1.1B | ||
| Q4 24 | $29.9B | $1.1B | ||
| Q3 24 | $26.8B | $855.0M | ||
| Q2 24 | $28.9B | $807.9M |
| Q1 26 | — | $1.3B | ||
| Q4 25 | $51.6B | $1.5B | ||
| Q3 25 | $26.5B | $1.1B | ||
| Q2 25 | $24.4B | $729.2M | ||
| Q1 25 | $20.9B | $977.8M | ||
| Q4 24 | $27.0B | $885.4M | ||
| Q3 24 | $23.9B | $701.1M | ||
| Q2 24 | $26.7B | $619.7M |
| Q1 26 | — | 39.8% | ||
| Q4 25 | 35.9% | 48.3% | ||
| Q3 25 | 25.8% | 37.7% | ||
| Q2 25 | 26.0% | 27.6% | ||
| Q1 25 | 21.9% | 40.4% | ||
| Q4 24 | 21.7% | 36.2% | ||
| Q3 24 | 25.2% | 30.3% | ||
| Q2 24 | 31.1% | 28.7% |
| Q1 26 | — | 3.5% | ||
| Q4 25 | 1.7% | 7.0% | ||
| Q3 25 | 3.2% | 2.7% | ||
| Q2 25 | 3.7% | 3.4% | ||
| Q1 25 | 3.2% | 6.1% | ||
| Q4 24 | 2.4% | 6.8% | ||
| Q3 24 | 3.1% | 6.7% | ||
| Q2 24 | 2.5% | 8.7% |
| Q1 26 | — | 1.65× | ||
| Q4 25 | 1.28× | 2.16× | ||
| Q3 25 | 1.08× | 2.25× | ||
| Q2 25 | 1.19× | 1.44× | ||
| Q1 25 | 0.97× | 2.88× | ||
| Q4 24 | 0.82× | 2.20× | ||
| Q3 24 | 1.82× | 2.18× | ||
| Q2 24 | 1.35× | 2.67× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AAPL
| iPhone | $85.3B | 59% |
| Services | $30.0B | 21% |
| Wearables | $11.5B | 8% |
| iPad | $8.6B | 6% |
| Mac | $8.4B | 6% |
ADI
| Sales Channel Directly To Consumer | $1.4B | 44% |
| Automotive | $794.4M | 25% |
| Communications | $476.8M | 15% |
| Consumer | $399.8M | 13% |
| Other | $71.3M | 2% |
| Sales Channel Other | $40.8M | 1% |
