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 key metrics & ratios

Annual · USD millions except per-share data · 36 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Growth (year over year)
Revenue growth	13.7%	8.8%	-19.0%	31.7%	—	—
Operating income growth	22.7%	29.3%	-50.9%	62.0%	—	—
Net income growth	-45.4%	40.2%	-44.1%	43.0%	—	—
EPS (diluted) growth	-44.2%	39.9%	-43.6%	44.6%	—	—
Free cash flow growth	14.9%	13.3%	44.1%	-21.0%	—	—
Margins
Gross margin	55.4%	56.2%	55.7%	57.8%	57.5%	—
Operating margin	27.9%	25.8%	21.7%	35.9%	29.2%	—
EBITDA margin	33.7%	32.7%	27.8%	39.0%	37.0%	—
Net margin	12.5%	26.0%	20.2%	29.3%	26.9%	—
FCF margin	28.9%	28.6%	27.5%	15.5%	25.8%	—
Returns on capital
Return on equity	26.1%	38.6%	33.5%	71.8%	90.9%	—
Return on assets	11.1%	18.4%	14.2%	26.4%	21.9%	—
Return on invested capital	20.8%	29.1%	26.3%	43.7%	45.0%	—
Leverage & liquidity
Debt / equity	0.77x	0.59x	0.74x	0.90x	1.64x	—
Net debt / EBITDA	0.57x	0.60x	0.77x	0.78x	0.74x	—
Current ratio	2.82x	2.40x	2.33x	1.75x	1.68x	—
Interest coverage	18.61x	14.45x	11.22x	32.37x	17.51x	—
Profitability & operating
EBIT	13,327	11,033	8,137	15,488	10,833	+5.3%
EBITDA	14,929	12,739	9,946	17,250	12,415	+4.7%
Operating income	12,355	10,071	7,788	15,860	9,789	+6.0%
Income before tax	12,663	10,336	7,443	14,998	10,274	+5.4%
Net income	5,541	10,142	7,232	12,936	9,043	-11.5%
Earnings per share
EPS (basic)	$5.06	$9.09	$6.47	$11.52	$8.00	-10.8%
EPS (diluted)	$5.01	$8.98	$6.42	$11.38	$7.87	-10.7%
Share count (millions)
Weighted avg shares outstanding	1,096	1,116	1,117	1,123	1,131	-0.8%
Weighted avg shares outstanding (diluted)	1,105	1,130	1,126	1,137	1,149	-1.0%
Balance sheet highlights
Net debt	8,530	7,591	7,617	13,386	9,183	-1.8%
Total debt	16,373	15,440	16,067	16,159	16,299	+0.1%
Total investments	4,635	5,451	2,874	3,609	5,298	-3.3%
Total stockholders' equity	21,206	26,274	21,581	18,013	9,950	+20.8%
Total assets	50,143	55,154	51,040	49,014	41,240	+5.0%
Cash flow highlights
Free cash flow	12,820	11,161	9,849	6,834	8,648	+10.3%
Operating cash flow	14,012	12,202	11,299	9,096	10,536	+7.4%
Capital expenditure	(1,192)	(1,041)	(1,450)	(2,262)	(1,888)	—
Net cash from operating activities	14,012	12,202	11,299	9,096	10,536	+7.4%
Additional fields
Accrued Expenses	0	0	1,685	1,486	1,531	—

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 key metrics & ratios

Annual · USD millions except per-share data · 36 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Growth (year over year)
Revenue growth	13.7%	8.8%	-19.0%	31.7%	—	—
Operating income growth	22.7%	29.3%	-50.9%	62.0%	—	—
Net income growth	-45.4%	40.2%	-44.1%	43.0%	—	—
EPS (diluted) growth	-44.2%	39.9%	-43.6%	44.6%	—	—
Free cash flow growth	14.9%	13.3%	44.1%	-21.0%	—	—
Margins
Gross margin	55.4%	56.2%	55.7%	57.8%	57.5%	—
Operating margin	27.9%	25.8%	21.7%	35.9%	29.2%	—
EBITDA margin	33.7%	32.7%	27.8%	39.0%	37.0%	—
Net margin	12.5%	26.0%	20.2%	29.3%	26.9%	—
FCF margin	28.9%	28.6%	27.5%	15.5%	25.8%	—
Returns on capital
Return on equity	26.1%	38.6%	33.5%	71.8%	90.9%	—
Return on assets	11.1%	18.4%	14.2%	26.4%	21.9%	—
Return on invested capital	20.8%	29.1%	26.3%	43.7%	45.0%	—
Leverage & liquidity
Debt / equity	0.77x	0.59x	0.74x	0.90x	1.64x	—
Net debt / EBITDA	0.57x	0.60x	0.77x	0.78x	0.74x	—
Current ratio	2.82x	2.40x	2.33x	1.75x	1.68x	—
Interest coverage	18.61x	14.45x	11.22x	32.37x	17.51x	—
Profitability & operating
EBIT	13,327	11,033	8,137	15,488	10,833	+5.3%
EBITDA	14,929	12,739	9,946	17,250	12,415	+4.7%
Operating income	12,355	10,071	7,788	15,860	9,789	+6.0%
Income before tax	12,663	10,336	7,443	14,998	10,274	+5.4%
Net income	5,541	10,142	7,232	12,936	9,043	-11.5%
Earnings per share
EPS (basic)	$5.06	$9.09	$6.47	$11.52	$8.00	-10.8%
EPS (diluted)	$5.01	$8.98	$6.42	$11.38	$7.87	-10.7%
Share count (millions)
Weighted avg shares outstanding	1,096	1,116	1,117	1,123	1,131	-0.8%
Weighted avg shares outstanding (diluted)	1,105	1,130	1,126	1,137	1,149	-1.0%
Balance sheet highlights
Net debt	8,530	7,591	7,617	13,386	9,183	-1.8%
Total debt	16,373	15,440	16,067	16,159	16,299	+0.1%
Total investments	4,635	5,451	2,874	3,609	5,298	-3.3%
Total stockholders' equity	21,206	26,274	21,581	18,013	9,950	+20.8%
Total assets	50,143	55,154	51,040	49,014	41,240	+5.0%
Cash flow highlights
Free cash flow	12,820	11,161	9,849	6,834	8,648	+10.3%
Operating cash flow	14,012	12,202	11,299	9,096	10,536	+7.4%
Capital expenditure	(1,192)	(1,041)	(1,450)	(2,262)	(1,888)	—
Net cash from operating activities	14,012	12,202	11,299	9,096	10,536	+7.4%
Additional fields
Accrued Expenses	0	0	1,685	1,486	1,531	—