QUALCOMM (QCOM) Financials

$138.29 -0.96 (-0.69%)

As of 01:16 PM Eastern

Annual Income Statements for QUALCOMM

This table shows QUALCOMM's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	5,271	5,705	2,445	-4,964	4,386	5,198	9,043	12,936	7,232	10,142
Consolidated Net Income / (Loss)	5,268	5,702	2,444	-4,964	4,386	5,198	9,043	12,936	7,232	10,142
Net Income / (Loss) Continuing Operations	5,268	5,702	2,444	-4,964	4,386	5,198	9,043	12,986	7,339	10,110
Total Pre-Tax Income	6,487	6,833	2,987	392	7,481	5,719	10,274	14,998	7,443	10,336
Total Operating Income	5,776	6,495	2,581	621	7,667	6,255	9,789	15,860	7,788	10,071
Total Gross Profit	14,903	13,805	12,466	12,367	15,674	14,276	19,304	25,565	19,951	21,902
Total Revenue	25,281	23,554	22,258	22,611	24,273	23,531	33,566	44,200	35,820	38,962
Operating Revenue	25,281	23,554	22,258	22,611	24,273	23,531	33,566	44,200	35,820	38,962
Total Cost of Revenue	10,378	9,749	9,792	10,244	8,599	9,255	14,262	18,635	15,869	17,060
Operating Cost of Revenue	10,378	9,749	9,792	10,244	8,599	9,255	14,262	18,635	15,869	17,060
Total Operating Expenses	9,127	7,310	9,885	11,746	8,007	8,021	9,515	9,705	12,163	11,831
Selling, General & Admin Expense	2,344	2,385	2,658	2,986	2,195	2,074	2,339	2,570	2,483	2,759
Research & Development Expense	5,490	5,151	5,485	5,625	5,398	5,975	7,176	8,194	8,818	8,893
Other Operating Expenses / (Income)	1,293	-226	1,742	3,135	414	-28	0.00	-1,059	862	179
Total Other Income / (Expense), net	711	338	406	-229	-186	-536	485	-862	-345	265
Interest Expense	104	297	494	768	627	602	559	490	694	697
Other Income / (Expense), net	-	-	-	-	-	-	1,044	-372	349	962
Income Tax Expense	1,219	1,131	543	5,356	3,095	521	1,231	2,012	104	226
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	0.00	0.00	-50	-107	32
Basic Earnings per Share	$3.26	$3.84	$1.66	($3.39)	$3.63	$4.58	$7.99	$11.52	$6.47	$9.09
Weighted Average Basic Shares Outstanding	1.62B	1.48B	1.48B	1.46B	1.21B	1.14B	1.13B	1.12B	1.12B	1.12B
Diluted Earnings per Share	$3.22	$3.81	$1.64	($3.39)	$3.59	$4.52	$7.87	$11.37	$6.42	$8.97
Weighted Average Diluted Shares Outstanding	1.64B	1.50B	1.49B	1.46B	1.22B	1.15B	1.15B	1.14B	1.13B	1.13B
Weighted Average Basic & Diluted Shares Outstanding	1.62B	1.49B	1.48B	1.47B	1.14B	1.13B	1.12B	1.12B	1.11B	1.11B
Cash Dividends to Common per Share	$1.80	$2.02	$2.20	$2.38	$2.48	$2.54	$2.66	$2.86	$3.10	$3.30

This table shows QUALCOMM's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Net Income / (Loss) Attributable to Common Shareholders	3,730	2,873	2,235	1,704	1,803	1,490	2,767	2,326	2,129	2,920	3,180
Consolidated Net Income / (Loss)	3,730	2,873	2,235	1,704	1,803	1,490	2,767	2,326	2,129	2,920	3,180
Net Income / (Loss) Continuing Operations	3,730	2,923	2,273	1,702	1,735	1,629	2,811	2,275	2,108	2,916	3,180
Total Pre-Tax Income	4,239	3,471	2,371	1,895	1,757	1,420	2,962	2,498	2,279	2,597	3,635
Total Operating Income	4,472	3,666	2,465	2,090	1,823	1,410	2,928	2,340	2,221	2,582	3,555
Total Gross Profit	6,120	6,527	5,419	5,122	4,659	4,751	5,623	5,283	5,219	5,777	6,508
Total Revenue	10,936	11,395	9,463	9,275	8,451	8,631	9,935	9,389	9,393	10,245	11,669
Operating Revenue	10,936	11,395	9,463	9,275	8,451	8,631	9,935	9,389	9,393	10,245	11,669
Total Cost of Revenue	4,816	4,868	4,044	4,153	3,792	3,880	4,312	4,106	4,174	4,468	5,161
Operating Cost of Revenue	4,816	4,868	4,044	4,153	3,792	3,880	4,312	4,106	4,174	4,468	5,161
Total Operating Expenses	1,648	2,861	2,954	3,032	2,836	3,341	2,695	2,943	2,998	3,195	2,953
Selling, General & Admin Expense	655	683	623	614	618	628	627	707	664	761	723
Research & Development Expense	2,052	2,178	2,251	2,210	2,222	2,135	2,096	2,236	2,259	2,302	2,230
Other Operating Expenses / (Income)	-1,059	-	80	208	-4.00	578	-28	0.00	75	132	0.00
Total Other Income / (Expense), net	-233	-195	-94	-195	-66	10	34	158	58	15	80
Interest Expense	70	144	170	179	172	173	178	172	168	179	163
Other Income / (Expense), net	-163	-	76	-16	106	183	212	330	226	194	243
Income Tax Expense	509	548	98	193	22	-209	151	223	171	-319	455
Net Income / (Loss) Discontinued Operations	0.00	-50	-38	2.00	68	-139	-44	51	21	4.00	0.00
Basic Earnings per Share	$3.32	$2.57	$1.99	$1.53	$1.62	$1.33	$2.48	$2.08	$1.91	$2.62	$2.86
Weighted Average Basic Shares Outstanding	1.12B	1.12B	1.12B	1.12B	1.12B	1.12B	1.12B	1.12B	1.12B	1.12B	1.11B
Diluted Earnings per Share	$3.29	$2.53	$1.98	$1.52	$1.60	$1.32	$2.46	$2.06	$1.88	$2.57	$2.83
Weighted Average Diluted Shares Outstanding	1.13B	1.14B	1.13B	1.12B	1.12B	1.13B	1.13B	1.13B	1.13B	1.13B	1.12B
Weighted Average Basic & Diluted Shares Outstanding	1.12B	1.12B	1.12B	1.11B	1.12B	1.11B	1.12B	1.12B	1.11B	1.11B	1.11B
Cash Dividends to Common per Share	$0.75	-	$0.75	$0.75	$0.80	-	$0.80	$0.80	$0.85	-	$0.85

This table details how cash moves in and out of QUALCOMM's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-347	-1,614	31,083	-25,004	62	-5,132	409	-4,017	5,428	-678
Net Cash From Operating Activities	5,506	7,632	5,001	3,908	7,286	5,814	10,536	9,096	11,299	12,202
Net Cash From Continuing Operating Activities	5,506	7,632	8,449	4,156	7,286	5,814	10,536	9,266	11,698	12,293
Net Income / (Loss) Continuing Operations	5,268	5,702	2,444	-4,964	4,386	5,198	9,043	12,986	7,339	10,110
Consolidated Net Income / (Loss)	5,268	5,702	2,444	-4,964	4,386	-	9,043	12,986	7,339	10,110
Depreciation Expense	1,214	1,428	1,461	1,561	1,401	1,393	1,582	1,762	1,809	1,706
Non-Cash Adjustments To Reconcile Net Income	971	431	199	5,539	2,723	830	372	2,318	1,402	-746
Changes in Operating Assets and Liabilities, net	-1,947	71	897	1,772	-1,224	-1,607	-461	-7,800	1,148	1,223
Net Cash From Discontinued Operating Activities	-	-	-	-	-	0.00	0.00	-170	-399	-91
Net Cash From Investing Activities	-3,572	-3,488	20,463	2,381	-806	-5,263	-3,356	-5,804	762	-3,623
Net Cash From Continuing Investing Activities	-3,572	-3,488	20,463	2,381	-806	-5,263	-3,356	-5,788	-621	-3,625
Purchase of Property, Plant & Equipment	-994	-539	-690	-784	-887	-1,407	-1,888	-2,262	-1,450	-1,041
Acquisitions	-3,019	-812	-1,544	-326	-252	-185	-1,377	-4,912	-235	-254
Purchase of Investments	-16,560	-18,192	-21,072	-5,936	0.00	-6,213	-5,907	-1,414	-668	-5,069
Sale of Property, Plant & Equipment	266	-	-	-	-	-	3.00	5.00	127	10
Sale and/or Maturity of Investments	16,738	15,674	43,744	9,410	266	2,499	5,875	2,754	1,586	2,765
Other Investing Activities, net	-3.00	149	25	17	67	43	-62	41	19	-36
Net Cash From Discontinued Investing Activities	-	-	-	-	-	-	0.00	-16	1,383	2.00
Net Cash From Financing Activities	-2,261	-5,754	5,571	-31,500	-6,386	-5,707	-6,798	-7,196	-6,663	-9,269
Net Cash From Continuing Financing Activities	-2,261	-5,754	5,571	-31,500	-6,386	-5,707	-6,798	-7,200	-6,605	-9,288
Repayment of Debt	-3,045	-8,234	-9,460	-16,751	-6,597	-5,193	-2,920	-8,926	-7,031	-1,730
Repurchase of Common Equity	-11,246	-3,923	-1,342	-22,580	-1,793	-2,450	-3,366	-3,129	-2,973	-4,121
Payment of Dividends	-2,880	-2,990	-3,252	-3,466	-2,968	-2,882	-3,008	-3,212	-3,462	-3,687
Issuance of Debt	14,020	8,949	19,511	11,131	5,989	4,836	2,886	8,477	6,948	799
Issuance of Common Equity	787	668	497	603	414	329	347	356	434	383
Other Financing Activities, net	103	-224	-383	-437	-1,431	-347	-737	-766	-521	-932
Net Cash From Discontinued Financing Activities	-	-	-	-	-	-	0.00	4.00	-58	19
Effect of Exchange Rate Changes	-20	-4.00	48	-41	-32	-	27	-113	30	12

This table details how cash moves in and out of QUALCOMM's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Net Change in Cash & Equivalents	-3,975	-99	1,974	-1,291	2,395	2,350	-333	1,025	-1,449	79	864
Net Cash From Operating Activities	2,895	1,446	3,095	1,457	2,657	4,090	2,949	3,554	3,052	2,647	4,587
Net Cash From Continuing Operating Activities	2,895	1,616	3,123	1,490	2,990	4,095	2,965	3,629	3,052	2,647	4,587
Net Income / (Loss) Continuing Operations	3,730	2,923	2,273	1,702	1,735	1,629	2,811	2,276	2,108	2,915	3,180
Consolidated Net Income / (Loss)	3,730	2,923	2,273	1,702	1,735	1,629	2,811	2,276	2,108	2,915	3,180
Depreciation Expense	438	490	398	470	479	462	437	411	419	439	436
Non-Cash Adjustments To Reconcile Net Income	881	668	456	247	396	303	-472	-226	-200	152	938
Changes in Operating Assets and Liabilities, net	-2,154	-2,465	-4.00	-929	380	1,701	189	1,168	725	-859	33
Net Cash From Discontinued Operating Activities	-	-170	-28	-33	-333	-5.00	-16	-75	-	-	0.00
Net Cash From Investing Activities	-4,876	-290	-133	-224	1,737	-618	-1,256	-939	-1,043	-385	-671
Net Cash From Continuing Investing Activities	-4,876	-274	-133	-224	342	-606	-1,256	-939	-1,041	-389	-671
Purchase of Property, Plant & Equipment	-554	-634	-398	-453	-306	-293	-214	-184	-387	-256	-277
Acquisitions	-4,455	-169	-29	-32	-46	-128	-60	-105	-69	-20	-260
Purchase of Investments	-333	-145	-22	-	-	-646	-1,452	-1,390	-1,314	-913	-914
Sale and/or Maturity of Investments	425	669	219	283	630	454	463	777	725	800	752
Other Investing Activities, net	41	-	-14	-32	64	1.00	7.00	-40	2.00	-	28
Net Cash From Financing Activities	-1,960	-1,192	-1,015	-2,543	-1,988	-1,117	-2,041	-1,580	-3,449	-2,199	-3,008
Net Cash From Continuing Financing Activities	-1,960	-1,196	-1,015	-2,543	-1,930	-1,117	-2,041	-1,580	-3,468	-2,199	-3,008
Repayment of Debt	-3,510	-3,943	-1,932	-4,225	-471	-403	-392	-403	-935	-	-501
Repurchase of Common Equity	-500	-500	-1,270	-903	-400	-400	-784	-731	-1,303	-1,303	-1,750
Payment of Dividends	-842	-841	-842	-834	-893	-893	-895	-895	-949	-948	-942
Issuance of Debt	3,080	3,935	3,338	3,210	-	400	400	399	-	-	500
Other Financing Activities, net	-189	-15	-309	-23	-167	-22	-370	-145	-282	-135	-315
Effect of Exchange Rate Changes	-34	-63	27	19	-11	-5.00	15	-10	-9.00	16	-44

This table presents QUALCOMM's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	50,796	52,359	65,486	32,718	32,957	35,594	41,240	49,014	51,040	55,154
Total Current Assets	22,099	22,981	43,593	17,384	16,765	18,519	20,075	20,724	22,464	25,231
Cash & Equivalents	7,560	5,946	35,029	11,777	11,839	6,707	7,116	2,773	8,450	7,849
Short-Term Investments	9,761	12,702	2,279	311	421	4,507	5,298	3,609	2,874	5,451
Accounts Receivable	1,964	2,219	3,632	2,904	2,471	4,003	3,579	5,643	3,183	3,929
Inventories, net	1,492	1,556	2,035	1,693	1,400	2,598	3,228	6,341	6,422	6,423
Other Current Assets	687	558	618	699	634	704	854	1,625	1,194	1,579
Plant, Property, & Equipment, net	2,534	2,306	3,216	2,975	3,081	3,711	4,559	5,168	5,042	4,665
Total Noncurrent Assets	26,163	27,072	18,677	12,359	13,111	13,364	16,606	23,122	23,534	25,258
Goodwill	5,479	5,679	6,623	6,498	6,282	6,323	7,246	10,508	10,642	10,799
Intangible Assets	3,742	3,500	3,737	2,955	2,172	1,653	1,458	1,882	1,408	1,244
Noncurrent Deferred & Refundable Income Taxes	1,453	2,030	2,900	936	1,196	1,351	1,591	1,803	3,310	5,162
Other Noncurrent Operating Assets	1,863	2,161	4,147	1,970	3,461	4,037	6,311	7,729	8,086	8,053
Total Liabilities & Shareholders' Equity	50,796	52,359	65,486	32,718	32,957	35,594	41,240	49,014	51,040	55,154
Total Liabilities	19,382	20,591	34,740	31,911	28,048	29,517	31,290	31,001	29,459	28,880
Total Current Liabilities	6,100	7,311	10,907	11,389	8,935	8,672	11,951	11,866	9,628	10,504
Short-Term Debt	1,000	1,749	2,495	1,005	2,496	500	2,044	1,945	914	1,364
Accounts Payable	1,300	1,858	1,971	1,825	1,368	2,248	2,750	3,796	1,912	2,584
Current Deferred Revenue	583	509	502	500	565	568	612	369	293	297
Current Employee Benefit Liabilities	861	934	1,183	1,081	1,048	1,053	1,531	1,486	1,685	1,834
Other Current Liabilities	2,356	2,261	4,756	6,978	3,458	4,303	5,014	3,689	4,491	4,425
Total Noncurrent Liabilities	13,282	13,280	23,833	20,522	19,113	20,845	19,339	19,135	19,831	18,376
Long-Term Debt	9,969	10,008	19,398	15,365	13,437	15,226	13,701	13,537	14,484	13,270
Noncurrent Deferred Revenue	2,496	2,377	2,003	3,932	3,248	2,633	2,077	1,616	99	88
Other Noncurrent Operating Liabilities	817	895	2,432	1,225	2,428	2,986	3,561	3,863	5,210	5,018
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	31,414	31,768	30,746	807	4,909	6,077	9,950	18,013	21,581	26,274
Total Preferred & Common Equity	31,421	31,778	30,746	807	4,909	6,077	9,950	18,013	21,581	26,274
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	31,421	31,778	30,746	807	4,909	6,077	9,950	18,013	21,581	26,274
Common Stock	0.00	414	274	0.00	343	586	0.00	195	490	0.00
Retained Earnings	31,226	30,936	30,088	542	4,466	5,284	9,822	17,840	20,733	25,687
Accumulated Other Comprehensive Income / (Loss)	195	428	384	265	100	207	128	-22	358	587
Other Equity Adjustments	-	-	-	-	0.00	-	-	0.00	0.00	0.00

This table presents QUALCOMM's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Total Assets	47,020	49,014	50,014	48,362	49,002	51,040	52,135	53,167	52,741	55,154	55,575
Total Current Assets	18,999	20,724	21,098	19,073	20,476	22,464	23,439	24,232	23,332	25,231	26,065
Cash & Equivalents	2,676	2,773	4,808	3,488	6,087	8,450	8,133	9,219	7,770	7,849	8,713
Short-Term Investments	4,172	3,609	3,430	3,188	2,544	2,874	3,921	4,632	5,262	5,451	5,592
Accounts Receivable	3,804	5,643	3,960	3,691	3,850	3,183	3,513	3,054	2,948	3,929	3,550
Inventories, net	5,418	6,341	6,932	6,858	6,628	6,422	6,247	6,087	6,020	6,423	6,303
Other Current Assets	1,979	1,625	1,247	1,032	1,050	1,194	1,288	1,240	1,332	1,579	1,907
Plant, Property, & Equipment, net	5,038	5,168	5,215	5,281	5,216	5,042	4,907	4,724	4,744	4,665	4,460
Total Noncurrent Assets	22,983	23,122	23,701	24,008	23,310	23,534	23,789	24,211	24,665	25,258	25,050
Goodwill	10,719	10,508	10,566	10,579	10,591	10,642	10,722	10,760	10,770	10,799	10,908
Intangible Assets	1,954	1,882	1,796	1,727	1,618	1,408	1,387	1,331	1,296	1,244	1,225
Noncurrent Deferred & Refundable Income Taxes	1,778	1,803	2,092	2,477	2,773	3,310	3,579	3,978	4,420	5,162	5,409
Other Noncurrent Operating Assets	7,616	7,729	8,048	7,974	8,110	8,086	8,032	8,142	8,179	8,053	7,508
Total Liabilities & Shareholders' Equity	47,020	49,014	50,014	48,362	49,002	51,040	52,135	53,167	52,741	55,154	55,575
Total Liabilities	30,972	31,001	31,204	28,664	28,332	29,459	29,077	28,698	28,071	28,880	28,695
Total Current Liabilities	11,829	11,866	10,081	7,866	8,463	9,628	9,169	9,143	9,747	10,504	9,954
Short-Term Debt	1,945	1,945	1,446	499	914	914	914	914	1,364	1,364	1,365
Accounts Payable	3,752	3,796	2,562	1,430	1,744	1,912	2,147	2,314	2,586	2,584	2,581
Current Deferred Revenue	463	369	289	277	249	293	210	253	263	297	212
Current Employee Benefit Liabilities	1,578	1,486	1,460	1,227	1,546	1,685	1,757	1,253	1,780	1,834	1,424
Other Current Liabilities	3,414	3,689	3,678	3,785	3,710	4,491	3,805	4,409	3,754	4,425	4,372
Total Noncurrent Liabilities	19,143	19,135	21,123	20,798	19,869	19,831	19,908	19,555	18,324	18,376	18,741
Long-Term Debt	13,600	13,537	15,431	15,486	14,530	14,484	14,566	14,543	13,190	13,270	13,212
Noncurrent Deferred Revenue	1,660	1,616	1,577	1,188	1,190	99	1,149	661	634	88	77
Other Noncurrent Operating Liabilities	3,755	3,863	4,004	4,008	4,113	5,210	4,150	4,351	4,500	5,018	5,452
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	16,048	18,013	18,810	19,698	20,670	21,581	23,058	24,469	24,670	26,274	26,880
Total Preferred & Common Equity	16,048	18,013	18,810	19,698	20,670	21,581	23,058	24,469	24,670	26,274	26,880
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	16,048	18,013	18,810	19,698	20,670	21,581	23,058	24,469	24,670	26,274	26,880
Common Stock	0.00	195	0.00	0.00	77	490	0.00	66	0.00	0.00	0.00
Retained Earnings	15,830	17,840	18,517	19,280	20,163	20,733	22,565	23,965	24,273	25,687	26,607
Accumulated Other Comprehensive Income / (Loss)	218	-22	293	418	430	358	493	438	397	587	273
Other Equity Adjustments	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

This table displays calculated financial ratios and metrics derived from QUALCOMM's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-4.55%	-6.83%	-5.50%	1.59%	7.35%	-3.06%	42.65%	31.68%	-18.96%	8.77%
EBITDA Growth	-19.66%	13.35%	-48.98%	-46.02%	315.58%	-15.66%	62.33%	38.94%	-42.34%	28.08%
EBIT Growth	-23.50%	12.45%	-60.26%	-75.94%	1,134.62%	-18.42%	73.19%	42.97%	-47.46%	35.59%
NOPAT Growth	-27.61%	15.55%	-61.04%	-472.38%	157.16%	26.48%	51.55%	59.38%	-44.08%	28.28%
Net Income Growth	-33.85%	8.24%	-57.14%	-303.11%	188.36%	18.51%	73.97%	43.05%	-44.09%	40.24%
EPS Growth	-30.75%	18.32%	-56.96%	-306.71%	205.90%	25.91%	74.12%	44.47%	-43.54%	39.72%
Operating Cash Flow Growth	-38.04%	38.61%	-34.47%	-21.86%	86.44%	-20.20%	81.22%	-13.67%	24.22%	7.99%
Free Cash Flow Firm Growth	-93.38%	1,325.20%	-113.63%	243.13%	-9.57%	267.06%	61.06%	-80.87%	602.53%	-1.54%
Invested Capital Growth	60.08%	-2.28%	25.83%	-63.81%	68.64%	23.39%	25.42%	94.86%	-1.09%	7.86%
Revenue Q/Q Growth	-4.66%	3.19%	-1.32%	-0.48%	-3.82%	17.66%	3.04%	4.89%	-7.16%	4.32%
EBITDA Q/Q Growth	-10.52%	9.27%	-26.08%	-31.32%	17.22%	55.86%	4.90%	2.72%	-16.29%	10.02%
EBIT Q/Q Growth	-12.84%	11.35%	-36.55%	-61.55%	21.91%	78.56%	4.78%	2.60%	-18.99%	12.01%
NOPAT Q/Q Growth	-13.14%	10.19%	-37.06%	-246.03%	28.79%	79.09%	-6.78%	4.75%	-15.92%	14.91%
Net Income Q/Q Growth	-13.65%	10.40%	-19.63%	-43.93%	30.26%	89.43%	-1.75%	0.58%	-16.05%	16.41%
EPS Q/Q Growth	-11.54%	11.08%	-36.92%	-16.49%	28.21%	90.72%	-1.50%	0.71%	-15.86%	16.19%
Operating Cash Flow Q/Q Growth	-10.95%	7.81%	46.83%	-47.34%	29.28%	9.70%	-5.93%	4.23%	30.55%	-10.58%
Free Cash Flow Firm Q/Q Growth	-84.59%	134.39%	-11.43%	-68.81%	-81.99%	77.31%	-13.69%	160.25%	43.90%	-18.88%
Invested Capital Q/Q Growth	28.73%	-1.79%	-8.87%	-47.01%	13.96%	22.69%	20.63%	9.27%	-6.18%	5.41%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	58.95%	58.61%	56.01%	54.69%	64.57%	60.67%	57.51%	57.84%	55.70%	56.21%
EBITDA Margin	27.65%	33.64%	18.16%	9.65%	37.36%	32.50%	36.99%	39.03%	27.77%	32.70%
Operating Margin	22.85%	27.57%	11.60%	2.75%	31.59%	26.58%	29.16%	35.88%	21.74%	25.85%
EBIT Margin	22.85%	27.57%	11.60%	2.75%	31.59%	26.58%	32.27%	35.04%	22.72%	28.32%
Profit (Net Income) Margin	20.84%	24.21%	10.98%	-21.95%	18.07%	22.09%	26.94%	29.27%	20.19%	26.03%
Tax Burden Percent	81.21%	83.45%	81.82%	-1,266.33%	58.63%	90.89%	88.02%	86.25%	97.17%	98.12%
Interest Burden Percent	112.31%	105.20%	115.73%	63.12%	97.57%	91.43%	94.84%	96.84%	91.47%	93.68%
Effective Tax Rate	18.79%	16.55%	18.18%	1,366.33%	41.37%	9.11%	11.98%	13.42%	1.40%	2.19%
Return on Invested Capital (ROIC)	50.49%	47.94%	16.74%	-82.13%	65.76%	59.31%	72.19%	70.13%	29.84%	37.03%
ROIC Less NNEP Spread (ROIC-NNEP)	48.27%	46.55%	14.95%	-128.89%	63.02%	47.41%	83.08%	55.91%	22.31%	47.92%
Return on Net Nonoperating Assets (RNNOA)	-35.56%	-29.89%	-8.92%	50.66%	87.70%	35.32%	40.66%	22.39%	6.70%	5.36%
Return on Equity (ROE)	14.93%	18.05%	7.82%	-31.46%	153.46%	94.63%	112.85%	92.52%	36.53%	42.39%
Cash Return on Invested Capital (CROIC)	4.29%	50.25%	-6.14%	11.57%	14.66%	38.37%	49.64%	5.79%	30.93%	29.47%
Operating Return on Assets (OROA)	11.63%	12.59%	4.38%	1.26%	23.35%	18.25%	28.20%	34.32%	16.27%	20.78%
Return on Assets (ROA)	10.60%	11.06%	4.15%	-10.11%	13.36%	15.17%	23.54%	28.67%	14.46%	19.10%
Return on Common Equity (ROCE)	14.93%	18.05%	7.82%	-31.46%	153.46%	94.63%	112.85%	92.52%	36.53%	42.39%
Return on Equity Simple (ROE_SIMPLE)	16.77%	17.94%	7.95%	-615.12%	89.35%	85.54%	90.88%	71.81%	33.51%	38.60%
Net Operating Profit after Tax (NOPAT)	4,691	5,420	2,112	-7,864	4,495	5,685	8,616	13,732	7,679	9,851
NOPAT Margin	18.55%	23.01%	9.49%	-34.78%	18.52%	24.16%	25.67%	31.07%	21.44%	25.28%
Net Nonoperating Expense Percent (NNEP)	2.22%	1.39%	1.78%	46.76%	2.74%	11.90%	-10.89%	14.22%	7.53%	-10.89%
Cost of Revenue to Revenue	41.05%	41.39%	43.99%	45.31%	35.43%	39.33%	42.49%	42.16%	44.30%	43.79%
SG&A Expenses to Revenue	9.27%	10.13%	11.94%	13.21%	9.04%	8.81%	6.97%	5.81%	6.93%	7.08%
R&D to Revenue	21.72%	21.87%	24.64%	24.88%	22.24%	25.39%	21.38%	18.54%	24.62%	22.82%
Operating Expenses to Revenue	36.10%	31.04%	44.41%	51.95%	32.99%	34.09%	28.35%	21.96%	33.96%	30.37%
Earnings before Interest and Taxes (EBIT)	5,776	6,495	2,581	621	7,667	6,255	10,833	15,488	8,137	11,033
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	6,990	7,923	4,042	2,182	9,068	7,648	12,415	17,250	9,946	12,739
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.05	2.33	2.08	113.11	17.03	19.63	14.28	7.21	5.45	7.21
Price to Tangible Book Value (P/TBV)	2.91	3.28	3.14	0.00	0.00	0.00	114.06	23.09	12.35	13.32
Price to Revenue (P/Rev)	2.55	3.14	2.87	4.04	3.44	5.07	4.23	2.94	3.29	4.86
Price to Earnings (P/E)	12.24	12.98	26.16	0.00	19.06	22.95	15.72	10.04	16.28	18.69
Dividend Yield	4.38%	4.02%	5.08%	3.83%	3.61%	2.99%	2.14%	2.47%	2.94%	1.94%
Earnings Yield	8.17%	7.70%	3.82%	0.00%	5.25%	4.36%	6.36%	9.96%	6.14%	5.35%
Enterprise Value to Invested Capital (EV/IC)	3.89	4.78	3.36	18.78	10.17	11.69	10.95	5.37	4.76	6.91
Enterprise Value to Revenue (EV/Rev)	1.76	2.27	2.12	4.23	3.59	5.26	4.33	3.14	3.40	4.90
Enterprise Value to EBITDA (EV/EBITDA)	6.37	6.75	11.69	43.80	9.62	16.19	11.72	8.05	12.25	14.98
Enterprise Value to EBIT (EV/EBIT)	7.71	8.23	18.31	153.89	11.38	19.79	13.43	8.97	14.97	17.30
Enterprise Value to NOPAT (EV/NOPAT)	9.49	9.86	22.38	0.00	19.41	21.78	16.88	10.12	15.86	19.38
Enterprise Value to Operating Cash Flow (EV/OCF)	8.09	7.00	9.45	24.45	11.98	21.29	13.81	15.27	10.78	15.64
Enterprise Value to Free Cash Flow (EV/FCFF)	111.73	9.41	0.00	86.24	87.08	33.66	24.55	122.59	15.30	24.34
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.35	0.37	0.71	20.29	3.25	2.59	1.58	0.86	0.71	0.56
Long-Term Debt to Equity	0.32	0.32	0.63	19.04	2.74	2.51	1.38	0.75	0.67	0.51
Financial Leverage	-0.74	-0.64	-0.60	-0.39	1.39	0.75	0.49	0.40	0.30	0.11
Leverage Ratio	1.41	1.63	1.89	3.11	11.49	6.24	4.79	3.23	2.53	2.22
Compound Leverage Factor	1.58	1.72	2.18	1.96	11.21	5.71	4.55	3.13	2.31	2.08
Debt to Total Capital	25.88%	27.01%	41.59%	95.30%	76.45%	72.13%	61.28%	46.22%	41.64%	35.77%
Short-Term Debt to Total Capital	2.36%	4.02%	4.74%	5.85%	11.98%	2.29%	7.95%	5.81%	2.47%	3.33%
Long-Term Debt to Total Capital	23.52%	22.99%	36.85%	89.45%	64.47%	69.83%	53.32%	40.42%	39.17%	32.44%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	-0.02%	-0.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	74.14%	73.01%	58.41%	4.70%	23.55%	27.87%	38.72%	53.78%	58.36%	64.23%
Debt to EBITDA	1.57	1.48	5.42	7.50	1.76	2.06	1.27	0.90	1.55	1.15
Net Debt to EBITDA	-2.86	-2.60	-4.13	1.96	0.41	0.59	0.27	0.53	0.41	0.10
Long-Term Debt to EBITDA	1.43	1.26	4.80	7.04	1.48	1.99	1.10	0.78	1.46	1.04
Debt to NOPAT	2.34	2.17	10.37	-2.08	3.54	2.77	1.83	1.13	2.01	1.49
Net Debt to NOPAT	-4.26	-3.80	-7.90	-0.54	0.82	0.79	0.39	0.66	0.53	0.14
Long-Term Debt to NOPAT	2.13	1.85	9.19	-1.95	2.99	2.68	1.59	0.99	1.89	1.35
Altman Z-Score	4.11	4.20	2.82	2.71	3.77	4.21	4.98	5.18	4.50	6.28
Noncontrolling Interest Sharing Ratio	-0.01%	-0.03%	-0.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.62	3.14	4.00	1.53	1.88	2.14	1.68	1.75	2.33	2.40
Quick Ratio	3.16	2.85	3.75	1.32	1.65	1.75	1.34	1.01	1.51	1.64
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	399	5,681	-774	1,108	1,002	3,678	5,924	1,133	7,962	7,840
Operating Cash Flow to CapEx	756.32%	1,415.96%	724.78%	498.47%	821.42%	413.22%	558.94%	403.01%	854.04%	1,183.51%
Free Cash Flow to Firm to Interest Expense	3.83	19.13	-1.57	1.44	1.60	6.11	10.60	2.31	11.47	11.25
Operating Cash Flow to Interest Expense	52.94	25.70	10.12	5.09	11.62	9.66	18.85	18.56	16.28	17.51
Operating Cash Flow Less CapEx to Interest Expense	45.94	23.88	8.73	4.07	10.21	7.32	15.48	13.96	14.37	16.03
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.51	0.46	0.38	0.46	0.74	0.69	0.87	0.98	0.72	0.73
Accounts Receivable Turnover	11.55	11.26	7.61	6.92	9.03	7.27	8.85	9.59	8.12	10.96
Inventory Turnover	7.04	6.40	5.45	5.50	5.56	4.63	4.90	3.89	2.49	2.66
Fixed Asset Turnover	10.07	9.73	8.06	7.30	8.02	6.93	8.12	9.09	7.02	8.03
Accounts Payable Turnover	5.96	6.17	5.11	5.40	5.39	5.12	5.71	5.69	5.56	7.59
Days Sales Outstanding (DSO)	31.59	32.41	47.97	52.75	40.41	50.21	41.22	38.08	44.97	33.31
Days Inventory Outstanding (DIO)	51.88	57.06	66.93	66.42	65.64	78.84	74.55	93.71	146.78	137.41
Days Payable Outstanding (DPO)	61.25	59.12	71.36	67.63	67.77	71.30	63.96	64.11	65.64	48.10
Cash Conversion Cycle (CCC)	22.22	30.35	43.54	51.54	38.29	57.74	51.82	67.68	126.10	122.63
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	11,436	11,175	14,061	5,089	8,582	10,589	13,281	25,880	25,597	27,608
Invested Capital Turnover	2.72	2.08	1.76	2.36	3.55	2.45	2.81	2.26	1.39	1.46
Increase / (Decrease) in Invested Capital	4,292	-261	2,886	-8,972	3,493	2,007	2,692	12,599	-283	2,011
Enterprise Value (EV)	44,537	53,451	47,269	95,564	87,257	123,800	145,454	138,938	121,789	190,859
Market Capitalization	64,522	74,054	63,954	91,282	83,584	119,288	142,123	129,838	117,715	189,525
Book Value per Share	$20.00	$21.56	$20.83	$0.55	$4.04	$5.39	$8.82	$16.04	$19.34	$23.59
Tangible Book Value per Share	$14.13	$15.34	$13.81	($5.89)	($2.92)	($1.68)	$1.10	$5.01	$8.54	$12.77
Total Capital	42,383	43,525	52,639	17,177	20,842	21,803	25,695	33,495	36,979	40,908
Total Debt	10,969	11,757	21,893	16,370	15,933	15,726	15,745	15,482	15,398	14,634
Total Long-Term Debt	9,969	10,008	19,398	15,365	13,437	15,226	13,701	13,537	14,484	13,270
Net Debt	-19,978	-20,593	-16,685	4,282	3,673	4,512	3,331	9,100	4,074	1,334
Capital Expenditures (CapEx)	728	539	690	784	887	1,407	1,885	2,257	1,323	1,031
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-322	-1,229	-2,127	-5,088	-1,934	-867	-2,246	4,421	2,426	2,791
Debt-free Net Working Capital (DFNWC)	16,999	17,419	35,181	7,000	10,326	10,347	10,168	10,803	13,750	16,091
Net Working Capital (NWC)	15,999	15,670	32,686	5,995	7,830	9,847	8,124	8,858	12,836	14,727
Net Nonoperating Expense (NNE)	-577	-282	-332	-2,900	109	487	-427	796	447	-291
Net Nonoperating Obligations (NNO)	-19,978	-20,593	-16,685	4,282	3,673	4,512	3,331	7,867	4,016	1,334
Total Depreciation and Amortization (D&A)	1,214	1,428	1,461	1,561	1,401	1,393	1,582	1,762	1,809	1,706
Debt-free, Cash-free Net Working Capital to Revenue	-1.27%	-5.22%	-9.56%	-22.50%	-7.97%	-3.68%	-6.69%	10.00%	6.77%	7.16%
Debt-free Net Working Capital to Revenue	67.24%	73.95%	158.06%	30.96%	42.54%	43.97%	30.29%	24.44%	38.39%	41.30%
Net Working Capital to Revenue	63.28%	66.53%	146.85%	26.51%	32.26%	41.85%	24.20%	20.04%	35.83%	37.80%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.26	$3.84	$1.67	($3.32)	$3.63	$4.58	$7.99	$11.52	$6.47	$9.09
Adjusted Weighted Average Basic Shares Outstanding	1.62B	1.48B	1.48B	1.46B	1.21B	1.14B	1.13B	1.12B	1.12B	1.12B
Adjusted Diluted Earnings per Share	$3.22	$3.81	$1.65	($3.32)	$3.59	$4.52	$7.87	$11.37	$6.42	$8.97
Adjusted Weighted Average Diluted Shares Outstanding	1.64B	1.50B	1.49B	1.46B	1.22B	1.15B	1.15B	1.14B	1.13B	1.13B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$3.63	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.50B	1.48B	1.47B	1.21B	1.14B	1.13B	1.12B	1.12B	1.11B	1.11B
Normalized Net Operating Profit after Tax (NOPAT)	4,691	5,420	2,112	435	4,495	5,685	8,616	13,732	7,679	9,851
Normalized NOPAT Margin	18.55%	23.01%	9.49%	1.92%	18.52%	24.16%	25.67%	31.07%	21.44%	25.28%
Pre Tax Income Margin	25.66%	29.01%	13.42%	1.73%	30.82%	24.30%	30.61%	33.93%	20.78%	26.53%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	55.54	21.87	5.22	0.81	12.23	10.39	19.38	31.61	11.72	15.83
NOPAT to Interest Expense	45.10	18.25	4.27	-10.24	7.17	9.44	15.41	28.03	11.07	14.13
EBIT Less CapEx to Interest Expense	48.54	20.05	3.83	-0.21	10.81	8.05	16.01	27.00	9.82	14.35
NOPAT Less CapEx to Interest Expense	38.10	16.43	2.88	-11.26	5.75	7.11	12.04	23.42	9.16	12.65
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	54.67%	52.44%	133.06%	-69.82%	67.67%	55.44%	33.26%	24.83%	47.87%	36.35%
Augmented Payout Ratio	268.15%	121.24%	187.97%	-524.70%	108.55%	102.58%	70.49%	49.02%	88.98%	76.99%

This table displays calculated financial ratios and metrics derived from QUALCOMM's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	35.68%	22.05%	-11.60%	-16.92%	-22.72%	-24.26%	4.99%	1.23%	11.15%	18.70%	17.45%
EBITDA Growth	82.51%	24.92%	-31.17%	-36.21%	-49.27%	-50.55%	21.71%	21.11%	19.02%	56.45%	18.37%
EBIT Growth	96.31%	26.33%	-34.24%	-41.74%	-55.23%	-56.55%	23.57%	28.74%	26.85%	74.26%	20.96%
NOPAT Growth	99.61%	24.82%	-30.46%	-43.23%	-54.25%	-47.61%	17.59%	13.53%	14.12%	79.23%	11.92%
Net Income Growth	84.02%	2.64%	-34.25%	-41.92%	-51.66%	-48.14%	23.80%	36.50%	18.08%	95.97%	14.93%
EPS Growth	85.88%	3.27%	-33.56%	-40.86%	-51.37%	-47.83%	24.24%	35.53%	17.50%	94.70%	15.04%
Operating Cash Flow Growth	-14.17%	34.26%	50.46%	-46.00%	-8.22%	182.85%	-4.72%	143.93%	14.87%	-35.28%	55.54%
Free Cash Flow Firm Growth	-2,043.58%	-4,251.55%	-421.80%	-231.66%	79.40%	119.98%	132.00%	144.95%	274.81%	-53.27%	-7.39%
Invested Capital Growth	115.11%	94.86%	66.65%	58.65%	15.20%	-1.09%	0.65%	-5.88%	-4.00%	7.86%	2.63%
Revenue Q/Q Growth	-2.04%	4.20%	-16.95%	-1.99%	-8.88%	2.13%	15.11%	-5.50%	0.04%	9.07%	13.90%
EBITDA Q/Q Growth	19.03%	-12.45%	-29.28%	-13.44%	-5.35%	-14.66%	74.06%	-13.87%	-6.98%	12.18%	31.70%
EBIT Q/Q Growth	21.04%	-14.92%	-30.69%	-18.38%	-6.99%	-17.42%	97.11%	-14.97%	-8.35%	13.45%	36.82%
NOPAT Q/Q Growth	19.00%	-21.55%	-23.45%	-20.57%	-4.10%	-10.15%	71.79%	-23.31%	-3.60%	41.12%	7.27%
Net Income Q/Q Growth	27.13%	-22.98%	-22.21%	-23.76%	5.81%	-17.36%	85.70%	-15.94%	-8.47%	37.15%	8.90%
EPS Q/Q Growth	28.02%	-23.10%	-21.74%	-23.23%	5.26%	-17.50%	86.36%	-16.26%	-8.74%	36.70%	10.12%
Operating Cash Flow Q/Q Growth	7.30%	-50.05%	114.04%	-52.92%	82.36%	53.93%	-27.90%	20.52%	-14.12%	-13.27%	73.29%
Free Cash Flow Firm Q/Q Growth	-246.49%	-8.84%	14.32%	-2.64%	78.48%	205.60%	37.21%	44.19%	-16.32%	-71.77%	171.91%
Invested Capital Q/Q Growth	35.63%	9.27%	1.57%	5.39%	-1.52%	-6.18%	3.36%	-1.44%	0.45%	5.41%	-1.65%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	55.96%	57.28%	57.27%	55.22%	55.13%	55.05%	56.60%	56.27%	55.56%	56.39%	55.77%
EBITDA Margin	43.41%	36.47%	31.06%	27.43%	28.49%	23.81%	36.00%	32.82%	30.51%	31.38%	36.28%
Operating Margin	40.89%	32.17%	26.05%	22.53%	21.57%	16.34%	29.47%	24.92%	23.65%	25.20%	30.47%
EBIT Margin	39.40%	32.17%	26.85%	22.36%	22.83%	18.46%	31.61%	28.44%	26.05%	27.10%	32.55%
Profit (Net Income) Margin	34.11%	25.21%	23.62%	18.37%	21.33%	17.26%	27.85%	24.77%	22.67%	28.50%	27.25%
Tax Burden Percent	87.99%	82.77%	94.26%	89.92%	102.62%	104.93%	93.42%	93.11%	93.42%	112.44%	87.48%
Interest Burden Percent	98.38%	94.68%	93.31%	91.37%	91.08%	89.14%	94.33%	93.56%	93.13%	93.55%	95.71%
Effective Tax Rate	12.01%	15.79%	4.13%	10.18%	1.25%	-14.72%	5.10%	8.93%	7.50%	-12.28%	12.52%
Return on Invested Capital (ROIC)	87.41%	61.16%	51.01%	36.81%	32.25%	26.08%	38.49%	30.73%	30.55%	41.45%	40.46%
ROIC Less NNEP Spread (ROIC-NNEP)	83.49%	57.33%	48.86%	33.95%	32.29%	23.94%	38.27%	34.79%	32.38%	42.22%	44.28%
Return on Net Nonoperating Assets (RNNOA)	36.08%	22.96%	19.32%	12.48%	12.53%	7.18%	9.94%	7.57%	5.81%	4.72%	3.25%
Return on Equity (ROE)	123.49%	84.12%	70.33%	49.29%	44.78%	33.27%	48.43%	38.30%	36.36%	46.17%	43.72%
Cash Return on Invested Capital (CROIC)	2.51%	5.79%	10.40%	4.53%	21.71%	30.93%	30.03%	36.99%	36.15%	29.47%	35.40%
Operating Return on Assets (OROA)	38.71%	31.51%	24.85%	19.82%	18.34%	13.22%	22.46%	20.39%	19.13%	19.88%	24.60%
Return on Assets (ROA)	33.51%	24.69%	21.86%	16.29%	17.15%	12.36%	19.79%	17.77%	16.64%	20.91%	20.59%
Return on Common Equity (ROCE)	123.49%	84.12%	70.33%	49.29%	44.78%	33.27%	48.43%	38.30%	36.36%	46.17%	43.72%
Return on Equity Simple (ROE_SIMPLE)	80.15%	0.00%	62.58%	53.52%	41.68%	0.00%	33.67%	34.27%	35.31%	0.00%	39.27%
Net Operating Profit after Tax (NOPAT)	3,935	3,087	2,363	1,877	1,800	1,618	2,779	2,131	2,054	2,899	3,110
NOPAT Margin	35.98%	27.09%	24.97%	20.24%	21.30%	18.74%	27.97%	22.70%	21.87%	28.30%	26.65%
Net Nonoperating Expense Percent (NNEP)	3.92%	3.83%	2.15%	2.85%	-0.04%	2.15%	0.22%	-4.06%	-1.84%	-0.78%	-3.81%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	7.21%	-	-	-	7.50%
Cost of Revenue to Revenue	44.04%	42.72%	42.73%	44.78%	44.87%	44.95%	43.40%	43.73%	44.44%	43.61%	44.23%
SG&A Expenses to Revenue	5.99%	5.99%	6.58%	6.62%	7.31%	7.28%	6.31%	7.53%	7.07%	7.43%	6.20%
R&D to Revenue	18.76%	19.11%	23.79%	23.83%	26.29%	24.74%	21.10%	23.82%	24.05%	22.47%	19.11%
Operating Expenses to Revenue	15.07%	25.11%	31.22%	32.69%	33.56%	38.71%	27.13%	31.35%	31.92%	31.19%	25.31%
Earnings before Interest and Taxes (EBIT)	4,309	3,666	2,541	2,074	1,929	1,593	3,140	2,670	2,447	2,776	3,798
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	4,747	4,156	2,939	2,544	2,408	2,055	3,577	3,081	2,866	3,215	4,234
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	8.33	7.21	6.37	6.86	5.98	5.45	6.79	7.73	9.61	7.21	6.50
Price to Tangible Book Value (P/TBV)	39.59	23.09	18.60	18.27	14.60	12.35	14.30	15.27	18.82	13.32	11.85
Price to Revenue (P/Rev)	3.17	2.94	2.79	3.29	3.20	3.29	4.32	5.19	6.35	4.86	4.29
Price to Earnings (P/E)	10.39	10.04	10.19	12.81	14.34	16.28	20.17	22.54	27.22	18.69	16.55
Dividend Yield	2.34%	2.47%	2.74%	2.48%	2.75%	2.94%	2.24%	1.89%	1.53%	1.94%	2.13%
Earnings Yield	9.63%	9.96%	9.82%	7.81%	6.97%	6.14%	4.96%	4.44%	3.67%	5.35%	6.04%
Enterprise Value to Invested Capital (EV/IC)	6.01	5.37	4.89	5.21	4.78	4.76	6.05	7.31	9.11	6.91	6.44
Enterprise Value to Revenue (EV/Rev)	3.38	3.14	2.99	3.52	3.38	3.40	4.41	5.24	6.39	4.90	4.30
Enterprise Value to EBITDA (EV/EBITDA)	8.47	8.05	7.93	9.96	10.97	12.25	15.12	17.14	20.62	14.98	13.06
Enterprise Value to EBIT (EV/EBIT)	9.43	8.97	8.89	11.37	12.98	14.97	18.32	20.43	24.23	17.30	14.97
Enterprise Value to NOPAT (EV/NOPAT)	10.86	10.12	10.12	12.82	14.27	15.86	19.78	22.92	27.85	19.38	17.18
Enterprise Value to Operating Cash Flow (EV/OCF)	16.31	15.27	12.69	16.23	15.06	10.78	14.35	14.39	17.49	15.64	12.64
Enterprise Value to Free Cash Flow (EV/FCFF)	326.77	122.59	58.77	141.23	23.56	15.30	20.21	19.17	24.70	24.34	18.44
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.97	0.86	0.90	0.81	0.75	0.71	0.67	0.63	0.59	0.56	0.54
Long-Term Debt to Equity	0.85	0.75	0.82	0.79	0.70	0.67	0.63	0.59	0.53	0.51	0.49
Financial Leverage	0.43	0.40	0.40	0.37	0.39	0.30	0.26	0.22	0.18	0.11	0.07
Leverage Ratio	3.54	3.23	3.08	2.81	2.62	2.53	2.44	2.30	2.24	2.22	2.16
Compound Leverage Factor	3.48	3.06	2.87	2.56	2.38	2.25	2.30	2.15	2.09	2.08	2.06
Debt to Total Capital	49.20%	46.22%	47.29%	44.80%	42.76%	41.64%	40.17%	38.71%	37.10%	35.77%	35.16%
Short-Term Debt to Total Capital	6.16%	5.81%	4.05%	1.40%	2.53%	2.47%	2.37%	2.29%	3.48%	3.33%	3.29%
Long-Term Debt to Total Capital	43.05%	40.42%	43.24%	43.40%	40.23%	39.17%	37.80%	36.42%	33.63%	32.44%	31.87%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	50.80%	53.78%	52.71%	55.20%	57.24%	58.36%	59.83%	61.29%	62.90%	64.23%	64.84%
Debt to EBITDA	0.93	0.90	1.04	1.10	1.30	1.55	1.46	1.39	1.26	1.15	1.09
Net Debt to EBITDA	0.52	0.53	0.53	0.64	0.57	0.41	0.32	0.14	0.13	0.10	0.02
Long-Term Debt to EBITDA	0.81	0.78	0.95	1.07	1.22	1.46	1.38	1.31	1.14	1.04	0.99
Debt to NOPAT	1.19	1.13	1.33	1.42	1.69	2.01	1.91	1.86	1.70	1.49	1.43
Net Debt to NOPAT	0.66	0.66	0.68	0.83	0.75	0.53	0.42	0.19	0.18	0.14	0.03
Long-Term Debt to NOPAT	1.04	0.99	1.22	1.37	1.59	1.89	1.80	1.75	1.54	1.35	1.30
Altman Z-Score	4.44	4.39	4.11	4.65	4.40	4.07	5.06	5.77	6.88	5.78	5.63
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.61	1.75	2.09	2.42	2.42	2.33	2.56	2.65	2.39	2.40	2.62
Quick Ratio	0.90	1.01	1.21	1.32	1.47	1.51	1.70	1.85	1.64	1.64	1.79
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-8,739	-9,512	-8,150	-8,365	-1,800	1,901	2,608	3,760	3,146	888	2,415
Operating Cash Flow to CapEx	522.56%	229.89%	1,078.40%	328.89%	868.30%	1,425.09%	1,378.04%	1,963.54%	792.73%	1,033.98%	1,655.96%
Free Cash Flow to Firm to Interest Expense	-124.84	-66.05	-47.94	-46.73	-10.46	10.99	14.65	21.86	18.73	4.96	14.82
Operating Cash Flow to Interest Expense	41.36	10.04	18.21	8.14	15.45	23.64	16.57	20.66	18.17	14.79	28.14
Operating Cash Flow Less CapEx to Interest Expense	33.44	5.67	16.52	5.66	13.67	21.98	15.37	19.61	15.88	13.36	26.44
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.98	0.98	0.93	0.89	0.80	0.72	0.71	0.72	0.73	0.73	0.76
Accounts Receivable Turnover	12.48	9.59	10.75	10.56	10.08	8.12	9.71	10.80	10.99	10.96	11.52
Inventory Turnover	4.14	3.89	3.41	3.13	2.80	2.49	2.45	2.49	2.60	2.66	2.85
Fixed Asset Turnover	8.91	9.09	8.65	8.07	7.53	7.02	7.17	7.28	7.50	8.03	8.69
Accounts Payable Turnover	5.48	5.69	6.04	6.94	6.13	5.56	6.85	8.60	7.61	7.59	7.58
Days Sales Outstanding (DSO)	29.26	38.08	33.95	34.55	36.20	44.97	37.58	33.81	33.22	33.31	31.67
Days Inventory Outstanding (DIO)	88.15	93.71	107.19	116.49	130.41	146.78	149.05	146.83	140.13	137.41	127.89
Days Payable Outstanding (DPO)	66.60	64.11	60.46	52.60	59.50	65.64	53.26	42.47	47.97	48.10	48.18
Cash Conversion Cycle (CCC)	50.80	67.68	80.68	98.43	107.12	126.10	133.37	138.17	125.38	122.63	111.38
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	23,684	25,880	26,286	27,704	27,284	25,597	26,457	26,075	26,192	27,608	27,152
Invested Capital Turnover	2.43	2.26	2.04	1.82	1.51	1.39	1.38	1.35	1.40	1.46	1.52
Increase / (Decrease) in Invested Capital	12,674	12,599	10,513	10,242	3,600	-283	171	-1,629	-1,092	2,011	695
Enterprise Value (EV)	142,307	138,938	128,550	144,376	130,356	121,789	160,042	190,663	238,705	190,859	174,966
Market Capitalization	133,610	129,838	119,911	135,067	123,543	117,715	156,616	189,057	237,183	189,525	174,694
Book Value per Share	$14.33	$16.04	$16.78	$17.67	$18.55	$19.34	$20.72	$21.93	$22.11	$23.59	$24.19
Tangible Book Value per Share	$3.01	$5.01	$5.75	$6.63	$7.60	$8.54	$9.84	$11.09	$11.29	$12.77	$13.27
Total Capital	31,593	33,495	35,687	35,683	36,114	36,979	38,538	39,926	39,224	40,908	41,457
Total Debt	15,545	15,482	16,877	15,985	15,444	15,398	15,480	15,457	14,554	14,634	14,577
Total Long-Term Debt	13,600	13,537	15,431	15,486	14,530	14,484	14,566	14,543	13,190	13,270	13,212
Net Debt	8,697	9,100	8,639	9,309	6,813	4,074	3,426	1,606	1,522	1,334	272
Capital Expenditures (CapEx)	554	629	287	443	306	287	214	181	385	256	277
Debt-free, Cash-free Net Working Capital (DFCFNWC)	2,267	4,421	4,225	5,030	4,296	2,426	3,130	2,152	1,917	2,791	3,171
Debt-free Net Working Capital (DFNWC)	9,115	10,803	12,463	11,706	12,927	13,750	15,184	16,003	14,949	16,091	17,476
Net Working Capital (NWC)	7,170	8,858	11,017	11,207	12,013	12,836	14,270	15,089	13,585	14,727	16,111
Net Nonoperating Expense (NNE)	205	214	128	173	-2.83	128	12	-195	-75	-21	-70
Net Nonoperating Obligations (NNO)	7,636	7,867	7,476	8,006	6,614	4,016	3,399	1,606	1,522	1,334	272
Total Depreciation and Amortization (D&A)	438	490	398	470	479	462	437	411	419	439	436
Debt-free, Cash-free Net Working Capital to Revenue	5.38%	10.00%	9.84%	12.25%	11.13%	6.77%	8.62%	5.91%	5.13%	7.16%	7.79%
Debt-free Net Working Capital to Revenue	21.63%	24.44%	29.01%	28.50%	33.50%	38.39%	41.84%	43.96%	40.03%	41.30%	42.94%
Net Working Capital to Revenue	17.01%	20.04%	25.65%	27.29%	31.13%	35.83%	39.32%	41.45%	36.37%	37.80%	39.59%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.32	$2.57	$1.99	$1.53	$1.62	$1.33	$2.48	$2.08	$1.91	$2.62	$2.86
Adjusted Weighted Average Basic Shares Outstanding	1.12B	1.12B	1.12B	1.12B	1.12B	1.12B	1.12B	1.12B	1.12B	1.12B	1.11B
Adjusted Diluted Earnings per Share	$3.29	$2.53	$1.98	$1.52	$1.60	$1.32	$2.46	$2.06	$1.88	$2.57	$2.83
Adjusted Weighted Average Diluted Shares Outstanding	1.13B	1.14B	1.13B	1.12B	1.12B	1.13B	1.13B	1.13B	1.13B	1.13B	1.12B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.12B	1.12B	1.12B	1.11B	1.12B	1.11B	1.12B	1.12B	1.11B	1.11B	1.11B
Normalized Net Operating Profit after Tax (NOPAT)	3,935	3,087	2,363	1,877	1,800	987	2,779	2,131	2,054	1,807	3,110
Normalized NOPAT Margin	35.98%	27.09%	24.97%	20.24%	21.30%	11.44%	27.97%	22.70%	21.87%	17.64%	26.65%
Pre Tax Income Margin	38.76%	30.46%	25.06%	20.43%	20.79%	16.45%	29.81%	26.61%	24.26%	25.35%	31.15%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	61.56	25.46	14.95	11.59	11.22	9.21	17.64	15.52	14.57	15.51	23.30
NOPAT to Interest Expense	56.21	21.44	13.90	10.49	10.47	9.35	15.61	12.39	12.23	16.20	19.08
EBIT Less CapEx to Interest Expense	53.64	21.09	13.26	9.11	9.44	7.55	16.44	14.47	12.27	14.08	21.60
NOPAT Less CapEx to Interest Expense	48.30	17.07	12.21	8.01	8.69	7.69	14.41	11.34	9.94	14.77	17.38
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	24.41%	24.83%	27.94%	31.86%	39.58%	47.87%	45.27%	42.64%	41.69%	36.35%	35.38%
Augmented Payout Ratio	50.84%	49.02%	55.30%	61.96%	75.25%	88.98%	77.31%	70.25%	78.63%	76.99%	83.57%

Frequently Asked Questions About QUALCOMM's Financials

When does QUALCOMM's financial year end?

According to the most recent income statement we have on file, QUALCOMM's fiscal year ends in September. Their fiscal year 2024 ended on September 29, 2024.

How has QUALCOMM's net income changed over the last 9 years?

QUALCOMM's net income appears to be on an upward trend, with a most recent value of $10.14 billion in 2024, rising from $5.27 billion in 2015. The previous period was $7.23 billion in 2023.

What is QUALCOMM's operating income?

QUALCOMM's total operating income in 2024 was $10.07 billion, based on the following breakdown:

Total Gross Profit: $21.90 billion
Total Operating Expenses: $11.83 billion

How has QUALCOMM revenue changed over the last 9 years?

Over the last 9 years, QUALCOMM's total revenue changed from $25.28 billion in 2015 to $38.96 billion in 2024, a change of 54.1%.

How much debt does QUALCOMM have?

QUALCOMM's total liabilities were at $28.88 billion at the end of 2024, a 2.0% decrease from 2023, and a 49.0% increase since 2015.

How much cash does QUALCOMM have?

In the past 9 years, QUALCOMM's cash and equivalents has ranged from $2.77 billion in 2022 to $35.03 billion in 2017, and is currently $7.85 billion as of their latest financial filing in 2024.

How has QUALCOMM's book value per share changed over the last 9 years?

Over the last 9 years, QUALCOMM's book value per share changed from 20.00 in 2015 to 23.59 in 2024, a change of 17.9%.

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This page (NASDAQ:QCOM) was last updated on 4/14/2025 by MarketBeat.com Staff

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