QUALCOMM INC/DE vs UBIQUITI INC., two Communication Equipment stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Growth is the missing column, so the multiples fill it in: Ubiquiti at 33.9 times earnings carries the market's belief that its lean-distribution networking model keeps compounding, Qualcomm at 20.2 times the suspicion that handset royalties have matured. The economics both impress: Ubiquiti's 36.9% operating margin and real, unlevered 78.4% return on equity against Qualcomm's 21.8% margin and 38.3% return earned with modest leverage. Qualcomm pays the shareholder more now, a 6.2% free-cash yield and 1.8% dividend against 2.3% and 0.5%. Thirteen turns of multiple separate a franchise priced for more of the same and one priced for slightly less; the cash flows are the consolation for the cheaper seat.
Comparison updated 2026-07-10.
| Metric | QCOM | UI |
|---|---|---|
| Price | $188.62 | $526.55 |
| Market cap | $202.2B | $31.9B |
| Sector | Communication Equipment | Communication Equipment |
| Stage | Mature | Growth |
| Implied growth (priced in) | +28.6% | +40.3% |
| P/E | 20.2 | 33.9 |
| P/B | 7.41 | 26.53 |
| P/S | 4.55 | 10.30 |
| EV/EBITDA | 18.1 | 28.4 |
| Revenue growth | +5.5% | +34.4% |
| Gross margin | — | 47.0% |
| Operating margin | 21.8% | 36.9% |
| Net margin | 23.5% | 30.4% |
| Return on equity | 38.3% | 78.4% |
| Return on assets | 18.3% | 54.9% |
| Return on invested capital | 21.1% | 74.2% |
| FCF yield | 6.2% | 2.3% |
| Dividend yield | 1.8% | 0.5% |
| Debt / equity | 0.56 | 0.00 |
| Current ratio | 2.37 | 3.56 |
| Altman Z (solvency) | 5.91 | 10.00 |
| Piotroski F (quality) | 6 / 9 | 5 / 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.