Apple vs Microsoft: financial comparison

Compare Apple and Microsoft side by side: valuation, margins, growth, cash and dividends, with the quarterly history of both. Yahoo Finance data, free and no sign-up.

AAPL

Apple

AAPL

336.87 USD

See the Apple breakdown →
MSFT

Microsoft

MSFT

498.83 USD

See the Microsoft breakdown →

Apple vs Microsoft: key metrics

AppleUSDMicrosoftUSD
Valuation
Market cap4.92 T USD3.70 T USD
P/E (TTM)38.5927.98
Forward P/E35.2421.07
Price / Sales10.5311.16
EV / EBITDA29.6519.31
Price / Book45.778.37
Margins & growth
Profit margin+27.62%+40.31%
Operating margin+32.62%+45.11%
Quarterly revenue (YoY)+16.36%—
Quarterly earnings (YoY)+27.12%—
Cash flow
FCF yield+2.19%+0.45%
Stock-based compensation13.71 B USD—
Balance
Cash62.40 B USD76.84 B USD
Debt84.34 B USD128.81 B USD
Net position-21.94 B USD-51.97 B USD
Dividend
Dividend yield+0.32%+0.79%
Payout ratio+12.04%+19.83%

Each column shows figures in that company's reporting currency (shown in the header); they are not converted. Ratios and percentages are currency-independent.

Price, rebased to 100

Apple229Microsoft167
10015020020212026

P/E (TTM)

Apple38.6×Microsoft27.8×
20304020212026

Both curves start at 100 on the same day, so this compares returns rather than prices. Each week's P/E is the price divided by the earnings per share already reported by that date; loss-making weeks are not drawn.

What analysts expect

Consensus revenue and earnings per share for the periods not yet reported.

Revenue forecast · Apple

ReportedEstimate
050B100B150BQ3 25: 102.47 B USDQ3 25Q4 25: 143.76 B USDQ4 25Q1 26: 111.18 B USDQ1 26Q2 26: 109.42 B USDQ2 26Q3 26 · Estimate: 113.62 B USD (112.25 B USD – 117.22 B USD)Q3 26Q4 26 · Estimate: 154.39 B USD (131.50 B USD – 170.41 B USD)Q4 26USD

Consensus of 27 analysts for Q3 26 · +10.89% year on year

Revenue forecast · Microsoft

ReportedEstimate
025B50B75BQ3 25: 77.67 B USDQ3 25Q4 25: 81.27 B USDQ4 25Q1 26: 82.89 B USDQ1 26Q2 26: 90.01 B USDQ2 26Q3 26 · Estimate: 90.66 B USD (89.64 B USD – 92.66 B USD)Q3 26Q4 26 · Estimate: 95.49 B USD (93.53 B USD – 98.41 B USD)Q4 26USD

Consensus of 38 analysts for Q3 26 · +16.72% year on year

EPS forecast · Apple

ReportedEstimate
0123Q3 25: 1.85 · expected 1.77 (+4.52%)Q3 25Q4 25: 2.84 · expected 2.67 (+6.34%)Q4 25Q1 26: 2.01 · expected 1.94 (+3.46%)Q1 26Q2 26: 2.02 · expected 1.89 (+6.74%)Q2 26Q3 26 · Estimate: 1.98 (1.93 – 2.07)Q3 26Q4 26 · Estimate: 2.90 (2.56 – 3.42)Q4 26

Consensus of 27 analysts for Q3 26 · +6.89% year on year · adjusted earnings

EPS forecast · Microsoft

ReportedEstimate
024Q3 25: 4.13 · expected 3.66 (+12.73%)Q3 25Q4 25: 4.14 · expected 3.92 (+5.69%)Q4 25Q1 26: 4.27 · expected 4.07 (+4.9%)Q1 26Q2 26: 4.74 · expected 4.24 (+11.81%)Q2 26Q3 26 · Estimate: 4.72 (4.43 – 4.83)Q3 26Q4 26 · Estimate: 4.82 (4.72 – 5.02)Q4 26

Consensus of 25 analysts for Q3 26 · +14.4% year on year · adjusted earnings

Analyst consensus from Yahoo Finance. The dashed bar is the average and the whisker runs from the lowest analyst to the highest. On periods already reported, the green or red line marks what had been expected: below the bar means the company beat it. EPS is measured on an adjusted basis, which is what analysts forecast against and is not the accounting profit in the statements.

Compared over time

Revenue

AppleMicrosoft
050B100BQ3 22 · Apple: 90.15 B USDQ3 22 · Microsoft: 50.12 B USDQ3 22Q4 22 · Apple: 117.15 B USDQ4 22 · Microsoft: 52.75 B USDQ1 23 · Microsoft: 52.86 B USDQ2 23 · Apple: 94.84 B USDQ2 23 · Microsoft: 56.19 B USDQ2 23Q3 23 · Apple: 89.50 B USDQ3 23 · Microsoft: 56.52 B USDQ4 23 · Apple: 119.58 B USDQ4 23 · Microsoft: 62.02 B USDQ1 24 · Apple: 90.75 B USDQ1 24 · Microsoft: 61.86 B USDQ1 24Q2 24 · Apple: 85.78 B USDQ2 24 · Microsoft: 64.73 B USDQ3 24 · Apple: 94.93 B USDQ3 24 · Microsoft: 65.59 B USDQ4 24 · Apple: 124.30 B USDQ4 24Q1 25 · Apple: 95.36 B USDQ2 25 · Apple: 94.04 B USDQ2 25 · Microsoft: 76.44 B USDQ3 25 · Apple: 102.47 B USDQ3 25 · Microsoft: 77.67 B USDQ3 25Q4 25 · Apple: 143.76 B USDQ4 25 · Microsoft: 81.27 B USDQ1 26 · Apple: 111.18 B USDQ1 26 · Microsoft: 82.89 B USDQ2 26 · Apple: 109.42 B USDQ2 26 · Microsoft: 90.01 B USDQ2 26USD

Net income

AppleMicrosoft
020B40BQ3 22 · Apple: 20.72 B USDQ3 22 · Microsoft: 17.56 B USDQ3 22Q4 22 · Apple: 30.00 B USDQ4 22 · Microsoft: 16.43 B USDQ1 23 · Microsoft: 18.30 B USDQ2 23 · Apple: 24.16 B USDQ2 23 · Microsoft: 20.08 B USDQ2 23Q3 23 · Apple: 22.96 B USDQ3 23 · Microsoft: 22.29 B USDQ4 23 · Apple: 33.92 B USDQ4 23 · Microsoft: 21.87 B USDQ1 24 · Apple: 23.64 B USDQ1 24 · Microsoft: 21.94 B USDQ1 24Q2 24 · Apple: 21.45 B USDQ2 24 · Microsoft: 22.04 B USDQ3 24 · Apple: 14.74 B USDQ3 24 · Microsoft: 24.67 B USDQ4 24 · Apple: 36.33 B USDQ4 24Q1 25 · Apple: 24.78 B USDQ2 25 · Apple: 23.43 B USDQ2 25 · Microsoft: 27.23 B USDQ3 25 · Apple: 27.47 B USDQ3 25 · Microsoft: 27.75 B USDQ3 25Q4 25 · Apple: 42.10 B USDQ4 25 · Microsoft: 38.46 B USDQ1 26 · Apple: 29.58 B USDQ1 26 · Microsoft: 31.78 B USDQ2 26 · Apple: 29.79 B USDQ2 26 · Microsoft: 35.77 B USDQ2 26USD

Free cash flow

AppleMicrosoft
020B40BQ3 22 · Apple: 20.84 B USDQ3 22 · Microsoft: 16.92 B USDQ3 22Q4 22 · Apple: 30.22 B USDQ4 22 · Microsoft: 4.90 B USDQ1 23 · Microsoft: 17.83 B USDQ2 23 · Microsoft: 19.83 B USDQ2 23Q3 23 · Apple: 19.44 B USDQ3 23 · Microsoft: 20.67 B USDQ4 23 · Apple: 37.50 B USDQ4 23 · Microsoft: 9.12 B USDQ1 24 · Apple: 20.69 B USDQ1 24 · Microsoft: 20.97 B USDQ1 24Q2 24 · Apple: 26.71 B USDQ2 24 · Microsoft: 23.32 B USDQ3 24 · Apple: 23.90 B USDQ3 24 · Microsoft: 19.26 B USDQ4 24 · Apple: 27.00 B USDQ4 24Q1 25 · Apple: 20.88 B USDQ2 25 · Apple: 24.41 B USDQ2 25 · Microsoft: 25.57 B USDQ3 25 · Apple: 26.49 B USDQ3 25 · Microsoft: 25.66 B USDQ3 25Q4 25 · Apple: 51.55 B USDQ4 25 · Microsoft: 5.88 B USDQ1 26 · Apple: 26.73 B USDQ1 26 · Microsoft: 15.80 B USDQ2 26 · Apple: 31.91 B USDQ2 26 · Microsoft: 19.64 B USDQ2 26USD

EPS

AppleMicrosoft
024Q3 22 · Apple: 1.29Q3 22 · Microsoft: 2.35Q3 22Q4 22 · Apple: 1.88Q4 22 · Microsoft: 2.20Q1 23 · Microsoft: 2.45Q2 23 · Apple: 1.52Q2 23 · Microsoft: 2.68Q2 23Q3 23 · Apple: 1.47Q3 23 · Microsoft: 2.99Q4 23 · Apple: 2.18Q4 23 · Microsoft: 2.93Q1 24 · Apple: 1.53Q1 24 · Microsoft: 2.94Q1 24Q2 24 · Apple: 1.40Q2 24 · Microsoft: 2.94Q3 24 · Apple: 0.97Q3 24 · Microsoft: 3.30Q4 24 · Apple: 2.40Q4 24Q1 25 · Apple: 1.65Q2 25 · Apple: 1.57Q2 25 · Microsoft: 3.65Q3 25 · Apple: 1.85Q3 25 · Microsoft: 3.72Q3 25Q4 25 · Apple: 2.84Q4 25 · Microsoft: 5.16Q1 26 · Apple: 2.01Q1 26 · Microsoft: 4.27Q2 26 · Apple: 2.02Q2 26 · Microsoft: 4.81Q2 26

EBITDA

AppleMicrosoft
020B40BQ1 22 · Apple: 32.72 B USDQ1 22Q2 22 · Apple: 25.88 B USDQ3 22 · Apple: 27.76 B USDQ4 22 · Apple: 38.93 B USDQ4 22Q3 23 · Apple: 29.62 B USDQ4 23 · Apple: 43.22 B USDQ1 24 · Apple: 30.74 B USDQ1 24Q2 24 · Apple: 28.20 B USDQ3 24 · Apple: 32.50 B USDQ4 24 · Apple: 45.91 B USDQ4 24Q1 25 · Apple: 32.25 B USDQ2 25 · Apple: 31.03 B USDQ2 25 · Microsoft: 44.43 B USDQ3 25 · Apple: 35.55 B USDQ3 25 · Microsoft: 48.06 B USDQ3 25Q4 25 · Apple: 54.07 B USDQ4 25 · Microsoft: 58.18 B USDQ1 26 · Apple: 39.32 B USDQ1 26 · Microsoft: 50.29 B USDQ2 26 · Apple: 39.02 B USDQ2 26 · Microsoft: 55.91 B USDQ2 26USD

Source: Yahoo Finance. Quarterly history grows automatically over time as new quarters are published.

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