QUALCOMM Incorporated

QCOMNASDAQ

$174.67

Last price · USD

Market cap: $193.0B
P/E: 34.9x
EV / EBITDA: 13.5x
P/S: 4.4x
FCF yield: 6.6%
Div. yield: 1.97%

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

QUALCOMM Incorporated balance sheet

Annual · USD millions except per-share data · 44 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Current assets
Cash & cash equivalents	7,843	7,849	8,450	2,773	7,116	+2.5%
Short-term investments	4,635	5,451	2,874	3,609	5,298	-3.3%
Cash & short-term investments	12,478	13,300	11,324	6,382	12,414	+0.1%
Net receivables	4,315	3,929	3,183	5,643	3,579	+4.8%
Accounts receivable	4,315	2,347	1,923	4,175	2,214	+18.2%
Other receivables	17	1,582	1,260	1,468	1,365	-66.6%
Inventory	8,026	6,423	6,422	7,042	3,228	+25.6%
Other current assets	935	1,579	1,535	1,657	854	+2.3%
Total current assets	25,754	25,231	22,464	20,724	20,075	+6.4%
Non-current assets
Property, plant & equipment (net)	4,690	4,665	5,042	5,168	4,559	+0.7%
Goodwill	11,358	10,799	10,642	10,508	7,246	+11.9%
Intangible assets	1,148	1,244	1,408	1,882	1,458	-5.8%
Goodwill & intangible assets	12,506	12,043	12,050	12,390	8,704	+9.5%
Tax assets	743	5,162	3,310	1,803	1,591	-17.3%
Other non-current assets	6,450	8,053	8,174	8,929	6,311	+0.5%
Total non-current assets	24,389	29,923	28,576	28,290	21,165	+3.6%
Total assets	50,143	55,154	51,040	49,014	41,240	+5.0%
Current liabilities
Accounts payable	2,791	2,584	1,912	3,796	2,750	+0.4%
Other payables	0	1,080	2,108	841	1,046	—
Total payables	2,791	3,664	4,020	4,637	3,796	-7.4%
Short-term debt	102	1,364	1,012	1,945	2,044	-52.7%
Capital lease obligations (current)	0	98	0	104	126	—
Tax payables	0	1,080	1,717	634	862	—
Deferred revenue	358	297	293	369	612	-12.5%
Other current liabilities	5,893	5,081	2,618	3,325	3,842	+11.3%
Total current liabilities	9,144	10,504	9,628	11,866	11,951	-6.5%
Non-current liabilities
Long-term debt	15,541	13,270	14,484	13,537	13,701	+3.2%
Capital lease obligations (non-current)	730	708	571	573	428	+14.3%
Deferred revenue (non-current)	71	88	99	144	364	-33.5%
Deferred tax liabilities (non-current)	2,731	2,614	2,411	2,267	0	—
Other non-current liabilities	720	1,696	2,266	2,614	4,846	-37.9%
Total non-current liabilities	19,793	18,376	19,831	19,135	19,339	+0.6%
Capital lease obligations	730	806	571	677	554	+7.1%
Total debt	16,373	15,440	16,067	16,159	16,299	+0.1%
Total liabilities	28,937	28,880	29,459	31,001	31,290	-1.9%
Stockholders' equity
Common stock	0	0	490	195	0	—
Retained earnings	20,646	25,687	20,733	17,840	9,822	+20.4%
Accumulated other comprehensive income (loss)	560	587	358	(22)	128	+44.6%
Total stockholders' equity	21,206	26,274	21,581	18,013	9,950	+20.8%
Total equity	21,206	26,274	21,581	18,013	9,950	+20.8%
Total liabilities & equity	50,143	55,154	51,040	49,014	41,240	+5.0%
Additional fields
Accrued Expenses	0	0	1,685	1,486	1,531	—
Net Debt	8,530	7,591	7,617	13,386	9,183	-1.8%
Total Investments	4,635	5,451	2,874	3,609	5,298	-3.3%

QUALCOMM Incorporated

QCOMNASDAQ

$174.67

Last price · USD

Market cap: $193.0B
P/E: 34.9x
EV / EBITDA: 13.5x
P/S: 4.4x
FCF yield: 6.6%
Div. yield: 1.97%

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

QUALCOMM Incorporated balance sheet

Annual · USD millions except per-share data · 44 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Current assets
Cash & cash equivalents	7,843	7,849	8,450	2,773	7,116	+2.5%
Short-term investments	4,635	5,451	2,874	3,609	5,298	-3.3%
Cash & short-term investments	12,478	13,300	11,324	6,382	12,414	+0.1%
Net receivables	4,315	3,929	3,183	5,643	3,579	+4.8%
Accounts receivable	4,315	2,347	1,923	4,175	2,214	+18.2%
Other receivables	17	1,582	1,260	1,468	1,365	-66.6%
Inventory	8,026	6,423	6,422	7,042	3,228	+25.6%
Other current assets	935	1,579	1,535	1,657	854	+2.3%
Total current assets	25,754	25,231	22,464	20,724	20,075	+6.4%
Non-current assets
Property, plant & equipment (net)	4,690	4,665	5,042	5,168	4,559	+0.7%
Goodwill	11,358	10,799	10,642	10,508	7,246	+11.9%
Intangible assets	1,148	1,244	1,408	1,882	1,458	-5.8%
Goodwill & intangible assets	12,506	12,043	12,050	12,390	8,704	+9.5%
Tax assets	743	5,162	3,310	1,803	1,591	-17.3%
Other non-current assets	6,450	8,053	8,174	8,929	6,311	+0.5%
Total non-current assets	24,389	29,923	28,576	28,290	21,165	+3.6%
Total assets	50,143	55,154	51,040	49,014	41,240	+5.0%
Current liabilities
Accounts payable	2,791	2,584	1,912	3,796	2,750	+0.4%
Other payables	0	1,080	2,108	841	1,046	—
Total payables	2,791	3,664	4,020	4,637	3,796	-7.4%
Short-term debt	102	1,364	1,012	1,945	2,044	-52.7%
Capital lease obligations (current)	0	98	0	104	126	—
Tax payables	0	1,080	1,717	634	862	—
Deferred revenue	358	297	293	369	612	-12.5%
Other current liabilities	5,893	5,081	2,618	3,325	3,842	+11.3%
Total current liabilities	9,144	10,504	9,628	11,866	11,951	-6.5%
Non-current liabilities
Long-term debt	15,541	13,270	14,484	13,537	13,701	+3.2%
Capital lease obligations (non-current)	730	708	571	573	428	+14.3%
Deferred revenue (non-current)	71	88	99	144	364	-33.5%
Deferred tax liabilities (non-current)	2,731	2,614	2,411	2,267	0	—
Other non-current liabilities	720	1,696	2,266	2,614	4,846	-37.9%
Total non-current liabilities	19,793	18,376	19,831	19,135	19,339	+0.6%
Capital lease obligations	730	806	571	677	554	+7.1%
Total debt	16,373	15,440	16,067	16,159	16,299	+0.1%
Total liabilities	28,937	28,880	29,459	31,001	31,290	-1.9%
Stockholders' equity
Common stock	0	0	490	195	0	—
Retained earnings	20,646	25,687	20,733	17,840	9,822	+20.4%
Accumulated other comprehensive income (loss)	560	587	358	(22)	128	+44.6%
Total stockholders' equity	21,206	26,274	21,581	18,013	9,950	+20.8%
Total equity	21,206	26,274	21,581	18,013	9,950	+20.8%
Total liabilities & equity	50,143	55,154	51,040	49,014	41,240	+5.0%
Additional fields
Accrued Expenses	0	0	1,685	1,486	1,531	—
Net Debt	8,530	7,591	7,617	13,386	9,183	-1.8%
Total Investments	4,635	5,451	2,874	3,609	5,298	-3.3%