Apple Inc. vs APPLIED MATERIALS INC /DE. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Apple and Applied Materials sit on opposite ends of the same supply chain, the device maker and the equipment maker. Their margins are nearly the same, Apple's 27% net to Applied's 27, on nearly identical gross margins around 49%. Apple's return on equity near 115% dwarfs Applied's 33%, but that is again the buyback-shrunken equity base at work, not a different return on the underlying business. On price the equipment maker is the dearer one, near 60 times earnings to Apple's 35. One sells the finished product to consumers, the other the machines that make the chips inside it.
Comparison updated 2026-06-15.
| Metric | AAPL | AMAT |
|---|---|---|
| Price | $315.32 | $602.31 |
| Market cap | $4.64T | $481.2B |
| Sector | Computer Hardware | Semiconductors |
| Stage | Mature | Mature |
| Implied growth (priced in) | +32.1% | — |
| P/E | 38.2 | 56.7 |
| P/B | 43.60 | 20.13 |
| P/S | 10.29 | 16.58 |
| EV/EBITDA | 31.1 | 56.2 |
| Revenue growth | +12.4% | +3.4% |
| Gross margin | 49.3% | 49.9% |
| Operating margin | 32.3% | 31.9% |
| Net margin | 27.1% | 27.3% |
| Return on equity | 115.1% | 33.1% |
| Return on assets | 33.0% | 19.6% |
| Return on invested capital | 61.6% | 23.8% |
| FCF yield | 2.8% | 1.1% |
| Dividend yield | 0.3% | 0.3% |
| Debt / equity | 0.85 | 0.27 |
| Current ratio | 1.07 | 2.51 |
| Altman Z (solvency) | 7.61 | 9.39 |
| Piotroski F (quality) | 5 / 9 | 6 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.