Apple Inc.
Static preview. Ratios are computed from the real filing; sentiment, findings and diffs illustrate the layout.
Executive summary
AI generatedA record year on revenue and margin, with the gain concentrated in Services and partially offset by currency.
- Gross margin reached 46.9%, a fourth consecutive annual increase.
- Net margin of 26.9% on revenue of $416.2B.
- Current ratio of 0.89, consistent with the company’s long-running working-capital position.
- Services mix named as the principal driver of the margin move.
Financial ratios
Computed from filing dataEighteen ratios across five groups. Four shown here, each against its prior period. Green means better, which for leverage means down.
Key findings
AI generatedSorted high to low. Each carries the passage it came from — and where the quote could not be located, it says so and loses its link.
- HIGH
Services gross margin disclosed separately for the first time
“Services gross margin percentage increased during 2025 compared to 2024 due primarily to a different Services mix.”
10-K FY2025 See within filing - MEDIUM
Foreign exchange cited as a partial offset to margin gains
“The weakness in foreign currencies relative to the U.S. dollar had an unfavorable impact on gross margin.”
10-K FY2025 See within filing - LOW
Supplier concentration language broadly unchanged
AI inferred — quote not located
Footnote diffs
Computed from filing dataWhat changed in the notes against the prior comparable filing. The diff is computed; the materiality rating on each row is the AI judgment.
| Materiality | Note | What changed |
|---|---|---|
| HIGH | Revenue recognition | Performance-obligation language expanded to cover a new bundled-services arrangement. |
| MEDIUM | Segment reporting | Geographic split restated to move one territory between reportable regions. |
| LOW | Commitments | Operating-lease maturity table updated for the new year. |