Apple Inc. vs Sandisk Corporation, two Computer Hardware stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
The single figure that defines this pair is Sandisk's 69% operating margin, memory economics at full boil, next to Apple's famously engineered 32%. Flash pricing runs in cycles, and the income statement Sandisk prints today, 78% gross margin, 34% net, is the top of one; Apple's margins are the same in fair weather and foul. The market knows the difference and prices it backwards from the naive read: 72 times Sandisk's peak-cycle earnings against 34 times Apple's steady ones, a premium not for durability but for the possibility the cycle has further to run. Sandisk holds no debt and a 4.8 current ratio, the balance sheet of a company that remembers downturns. Peak earnings and permanent earnings rarely deserve the same multiple; here the cyclical carries the higher one.
Comparison updated 2026-07-10.
| Metric | AAPL | SNDK |
|---|---|---|
| Price | $282.12 | $2084.54 |
| Market cap | $4.15T | $327.3B |
| Sector | Computer Hardware | Computer Hardware |
| Stage | Mature | Growth |
| Implied growth (priced in) | +32.6% | — |
| P/E | 34.1 | 72.5 |
| P/B | 39.01 | 23.76 |
| P/S | 9.20 | 24.82 |
| EV/EBITDA | 27.9 | 59.9 |
| Revenue growth | +12.4% | +111.6% |
| Gross margin | 49.3% | 78.3% |
| Operating margin | 32.3% | 69.1% |
| Net margin | 27.1% | 34.2% |
| Return on equity | 115.1% | 32.7% |
| Return on assets | 33.0% | 26.4% |
| Return on invested capital | 61.6% | 34.3% |
| FCF yield | 3.1% | 1.4% |
| Dividend yield | 0.4% | — |
| Debt / equity | 0.85 | 0.00 |
| Current ratio | 1.07 | 4.78 |
| Altman Z (solvency) | 7.61 | 8.30 |
| 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.