Valuation, from the filing
| Public float | $167.90B | Market value of stock held by non-affiliates, as stated on the cover page for 2025-03-28 |
|---|---|---|
| Float per share | $156.77 | Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself. |
| Float / net income | 30.3× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / revenue | 3.8× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / equity | 7.9× | A lower bound on the multiple, because affiliate holdings are excluded. |
Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-03-28, not today, and each multiple below it uses the figures for the fiscal year ending 2025-09-28 — the year that filing covered.
Valuation over time
30.3× earnings today, against a median of 16.6× across 9 years on record. Above its own history.
| Float measured | Public float | Float / net income | |
|---|---|---|---|
| 2025-03-28 | $167.90B | 30.3× | |
| 2024-03-22 | $190.00B | 18.7× | |
| 2023-03-24 | $138.90B | 19.2× | |
| 2022-03-27 | $177.10B | 13.7× | |
| 2021-03-26 | $149.90B | 16.6× | |
| 2020-03-27 | $74.90B | 14.4× | |
| 2019-09-29 | $69.17B | 15.8× | |
| 2017-03-26 | $83.99B | 34.4× | |
| 2016-03-27 | $74.55B | 13.1× |
Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.
How this compares in its industry
Percentile among the Radio & Tv Broadcasting & Communications Equipment filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.
| Measure | Reported | Percentile | |
|---|---|---|---|
| Operating margin | 27.9% | 94th | |
| Gross margin | 55.4% | 87th | |
| Net margin | 12.5% | 76th | |
| Effective tax rate | 56.2% | 67th | |
| Revenue YoY growth | 13.7% | 58th | |
| Current ratio | 2.82x | 57th | |
| SBC / revenue | 6.3% | 47th | |
| R&D / revenue | 20.4% | 53th | |
| Long-term debt / equity | 0.70x | 50th |
QUALCOMM INC/DE (QCOM) reported revenue of $44.07B and net income of $9.26B for the fiscal year ended 2026-06-28. This page shows 1 annual period of income statement, balance sheet and cash flow figures normalized from QUALCOMM INC/DE’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Radio & Tv Broadcasting & Communications Equipment.
Income
| Metric | 2026-06-28 |
|---|---|
| Revenue | $44.07B |
| Cost of revenue | $20.17B |
| Gross profit | $23.90B |
| Operating income | $10.22B |
| Net income | $9.26B |
| Research & development | $9.89B |
| Weighted-average diluted shares | Unavailable |
| Pretax income | $11.21B |
| Income tax expense | $1.95B |
| Diluted EPS | Unavailable |
| Selling, general & administrative | $3.65B |
| General & administrative | Unavailable |
| Selling & marketing | Unavailable |
Balance
| Metric | 2026-06-28 |
|---|---|
| Cash & equivalents | $4.53B |
| Total assets | $57.37B |
| Current assets | $23.00B |
| Total liabilities | $29.71B |
| Current liabilities | $11.41B |
| Total equity incl. NCI | $27.66B |
| Temporary (mezzanine) equity | Unavailable |
| Inventory | $8.38B |
| Accounts receivable | Unavailable |
| Goodwill | $14.27B |
| Long-term debt | $12.78B |
| Accounts payable | $2.90B |
Cash flow
| Metric | 2026-06-28 |
|---|---|
| Operating cash flow | $12.40B |
| Capital expenditures | Unavailable |
| Investing cash flow | -$2.12B |
| Financing cash flow | -$13.48B |
| Net change in cash | -$3.24B |
| Stock-based compensation | $3.24B |
| Common dividends paid | $3.82B |
| Common share repurchases | $9.25B |
| Depreciation & amortization | $1.57B |
Derived
| Metric | 2026-06-28 |
|---|---|
| Free cash flow | Unavailable |
| Gross margin | 54.2% |
| Operating margin | 23.2% |
| FCF margin | Unavailable |
| SBC / revenue | 7.4% |
| Current ratio | 2.02x |
| Revenue YoY growth | 1.9% |
| Net margin | 21.0% |
| R&D / revenue | 22.4% |
| CapEx / revenue | Unavailable |
| Long-term debt / equity | 0.46x |
| Effective tax rate | 17.4% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open QCOM in the interactive workspace to inspect any figure back to its filing.
Source filings
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.