SECTOR SYSTEM / 18 COVERED ISSUERS
Product cycles, recurring software revenue and infrastructure investment shape this broad group. Hardware and software businesses have different cost structures.
Revenue mix, research spending, inventory and cash conversion.
Customer concentration, product transitions, export restrictions and the durability of capital spending.
Sector medians are descriptive, not fair-value estimates. Dated company ratios use annual denominators and differ in fiscal year end. Historical-multiple series are unavailable. Sources and exclusions are visible on company profiles.
Across 15 eligible technology companies, the equal-weight median capital expenditure as a share of revenue was 2.77% for the prior selected annual periods.
Across 15 eligible technology companies, the equal-weight median capital expenditure as a share of revenue was 3.06% for the latest selected annual periods.
Across 18 eligible technology companies, the equal-weight median operating cash-flow margin was 34.41% for the prior selected annual periods.
Across 18 eligible technology companies, the equal-weight median operating cash-flow margin was 37.89% for the latest selected annual periods.
Across 17 eligible technology companies, the equal-weight median equity as a share of assets was 50.52% for the prior selected annual periods.
Across 17 eligible technology companies, the equal-weight median equity as a share of assets was 54.05% for the latest selected annual periods.
Across 18 eligible technology companies, the equal-weight median net margin was 14.21% for the prior selected annual periods.
Across 18 eligible technology companies, the equal-weight median net margin was 23.76% for the latest selected annual periods.
Across 18 eligible technology companies, the equal-weight median revenue growth was 12.44% for the prior selected annual periods.
Across 18 eligible technology companies, the equal-weight median revenue growth was 18.97% for the latest selected annual periods.
Apple Inc.
A two-period review of AAPL revenue, profitability and cash conversion; reported revenue growth was 6.43%.
Apple Inc.
Annual revenue of USD 416.161 billion and net income of USD 112.010 billion for the period ended 2025-09-27.
Apple Inc.
A dated valuation context using AAPL's September 17, 2026 price snapshot and annual accounting denominators.
APPLIED MATERIALS INC /DE
Annual revenue of USD 28.368 billion and net income of USD 6.998 billion for the period ended 2025-10-26.
ADVANCED MICRO DEVICES INC
Annual revenue of USD 34.639 billion and net income of USD 4.335 billion for the period ended 2025-12-27.
Arista Networks, Inc.
Annual revenue of USD 9.006 billion and net income of USD 3.511 billion for the period ended 2025-12-31.