QUALCOMM Incorporated (QCOM) Key Metrics
QCOM valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $183.79B
- Enterprise value
- $217.63B
- P/E (TTM)
- 19.9 10-yr median 18.9
- Forward P/E
- 19.6
- PEG ratio
- 0.88
- Price / sales
- 4.2 10-yr median 4.3
- Price / book
- 7.7 10-yr median 8.0
- EV / EBITDA
- 16.2 10-yr median 12.5
- Dividend yield
- 2.14% $3.68 a year
- Beta
- 1.65
QCOM key metrics, FY2016–FY2025
Fiscal year ended September 30, 2025 · U.S. dollarsQCOM valuation Price multiples at each fiscal year-end price.
QCOM returns How much profit the business earns on the capital it uses.
QCOM per-share figures Results divided by the shares outstanding at year-end.
QCOM financial health Debt, liquidity and how easily interest is covered.
QCOM efficiency & capital use Working capital cycle and where the cash goes.
QCOM valuation history
QCOM returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
QCOM debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
QCOM cash returned to shareholders
QCOM price vs earnings per share
QCOM key metrics
FY2016–FY2025| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $183.83B | $192.16B | $125.05B | $128.46B | $148.20B | $135.21B | $93.06B | $105.38B | $77.24B | $102.61B |
| Enterprise value | $187.72B | $194.30B | $129.80B | $138.24B | $152.08B | $139.73B | $96.73B | $109.66B | $61.83B | $95.72B |
| P/E ratio | 33.2 | 18.9 | 17.3 | 9.9 | 16.4 | 26.0 | 21.2 | — | 31.3 | 18.0 |
| Price / sales | 4.2 | 4.9 | 3.5 | 2.9 | 4.4 | 5.7 | 3.8 | 4.6 | 3.5 | 4.4 |
| Price / book | 8.7 | 7.3 | 5.8 | 7.1 | 14.9 | 22.3 | 19.0 | 113.6 | 2.5 | 3.2 |
| Price / free cash flow | 14.3 | 17.2 | 12.7 | 18.8 | 17.1 | 30.7 | 14.5 | 33.9 | 19.3 | 15.0 |
| Price / operating cash flow | 13.1 | 15.7 | 11.1 | 14.1 | 14.1 | 23.3 | 12.8 | 27.1 | 16.5 | 13.9 |
| EV / sales | 4.2 | 5.0 | 3.6 | 3.1 | 4.5 | 5.9 | 4.0 | 4.8 | 2.8 | 4.1 |
| EV / EBITDA | 12.6 | 15.3 | 13.1 | 8.0 | 12.2 | 18.3 | 10.2 | 20.6 | 12.4 | 11.6 |
| EV / free cash flow | 14.6 | 17.4 | 13.2 | 20.2 | 17.6 | 31.7 | 15.1 | 35.2 | 15.4 | 14.0 |
| Earnings yield | 3.0% | 5.3% | 5.8% | 10.1% | 6.1% | 3.8% | 4.7% | −4.7% | 3.2% | 5.6% |
| Free cash flow yield | 7.0% | 5.8% | 7.9% | 5.3% | 5.8% | 3.3% | 6.9% | 3.0% | 5.2% | 6.7% |
| Dividend yield | 2.1% | 1.9% | 2.8% | 2.5% | 2.0% | 2.1% | 3.2% | 3.3% | 4.2% | 2.9% |
| Shareholder yield (dividends + buybacks) | 6.9% | 4.1% | 5.1% | 4.9% | 4.3% | 3.9% | 5.1% | 24.7% | 5.9% | 6.7% |
| Share price at fiscal year-end | $166.36 | $170.05 | $111.06 | $112.98 | $128.98 | $117.68 | $76.28 | $72.03 | $51.84 | $68.50 |
| Per share | ||||||||||
| Revenue per share | $40.08 | $34.48 | $31.81 | $38.87 | $29.21 | $20.48 | $19.90 | $15.54 | $14.96 | $15.72 |
| Earnings per share | $5.01 | $8.98 | $6.42 | $11.38 | $7.87 | $4.52 | $3.60 | −$3.39 | $1.66 | $3.81 |
| Operating cash flow per share | $12.68 | $10.80 | $10.03 | $8.00 | $9.17 | $5.06 | $5.97 | $2.66 | $3.15 | $4.94 |
| Free cash flow per share | $11.60 | $9.88 | $8.75 | $6.01 | $7.53 | $3.84 | $5.25 | $2.13 | $2.69 | $4.58 |
| Cash per share | $11.29 | $11.77 | $10.06 | $5.61 | $10.80 | $9.76 | $10.05 | $8.26 | $25.04 | $12.45 |
| Book value per share | $19.19 | $23.25 | $19.17 | $15.84 | $8.66 | $5.29 | $4.02 | $0.63 | $20.63 | $21.21 |
| Tangible book value per share | $7.87 | $12.59 | $8.46 | $4.95 | $1.08 | −$1.65 | −$2.91 | −$5.83 | $13.68 | $15.09 |
| Dividends per share | $3.44 | $3.26 | $3.07 | $2.82 | $2.62 | $2.51 | $2.43 | $2.37 | $2.18 | $2.00 |
| Capex per share | $1.08 | $0.92 | $1.29 | $1.99 | $1.64 | $1.22 | $0.73 | $0.54 | $0.46 | $0.36 |
| Debt per share | $14.82 | $13.66 | $14.27 | $14.21 | $14.19 | $13.69 | $13.06 | $11.19 | $14.69 | $7.85 |
| Shares outstanding | 1.10B | 1.13B | 1.13B | 1.14B | 1.15B | 1.15B | 1.22B | 1.46B | 1.49B | 1.50B |
| Change in shares outstanding | −2.2% | +0.4% | −1.0% | −1.0% | 0.0% | −5.8% | −16.6% | −1.8% | −0.5% | −8.6% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 23.3% | 42.4% | 36.5% | 92.5% | 112.8% | 94.6% | 150.3% | −31.3% | 7.9% | 18.1% |
| Return on invested capital (ROIC) | 23.1% | 36.0% | 28.4% | 66.0% | 70.6% | 59.3% | 65.2% | 3.0% | 10.5% | 21.7% |
| Return on assets (ROA) | 10.5% | 19.1% | 14.5% | 28.7% | 23.5% | 15.2% | 13.4% | −10.1% | 4.2% | 11.1% |
| Return on tangible assets | 14.7% | 23.5% | 18.5% | 35.3% | 27.8% | 18.8% | 17.9% | −21.4% | 4.5% | 13.2% |
| Free cash flow margin | 28.9% | 28.6% | 27.5% | 15.5% | 25.8% | 18.7% | 26.4% | 13.7% | 18.0% | 29.1% |
| Income quality (OCF / net income) | 2.53 | 1.20 | 1.56 | 0.70 | 1.17 | 1.12 | 1.66 | — | 1.90 | 1.30 |
| Financial health | ||||||||||
| Total debt | $16.37B | $15.44B | $16.07B | $16.16B | $16.30B | $15.73B | $15.93B | $16.37B | $21.89B | $11.76B |
| Cash & short-term investments | $12.48B | $13.30B | $11.32B | $6.38B | $12.41B | $11.21B | $12.26B | $12.09B | $37.31B | $18.65B |
| Net debt | $3.90B | $2.14B | $4.74B | $9.78B | $3.88B | $4.51B | $3.67B | $4.28B | −$15.41B | −$6.89B |
| Debt / equity | 0.77 | 0.59 | 0.74 | 0.90 | 1.64 | 2.59 | 3.25 | 17.64 | 0.71 | 0.37 |
| Debt / assets | 0.33 | 0.28 | 0.31 | 0.33 | 0.40 | 0.44 | 0.48 | 0.50 | 0.33 | 0.22 |
| Net debt / EBITDA | 0.26 | 0.17 | 0.48 | 0.57 | 0.31 | 0.59 | 0.39 | 0.80 | −3.10 | −0.84 |
| Current ratio | 2.82 | 2.40 | 2.33 | 1.75 | 1.68 | 2.14 | 1.88 | 1.55 | 4.00 | 3.14 |
| Quick ratio | 1.94 | 1.79 | 1.67 | 1.15 | 1.41 | 1.84 | 1.72 | 1.40 | 3.81 | 2.93 |
| Interest coverage | 18.6 | 14.4 | 11.2 | 32.4 | 17.5 | 10.4 | 12.2 | 0.8 | 5.2 | 21.9 |
| Working capital | $16.61B | $14.73B | $12.84B | $8.86B | $8.12B | $9.85B | $7.83B | $6.15B | $32.69B | $15.67B |
| Invested capital | $25.10B | $28.41B | $26.32B | $27.79B | $13.84B | $10.59B | $8.58B | $5.21B | $15.33B | $24.89B |
| Tangible asset value | $8.70B | $14.23B | $9.53B | $5.62B | $1.25B | −$1.90B | −$3.54B | −$8.53B | $20.39B | $22.59B |
| Net current asset value | −$3.18B | −$3.65B | −$7.00B | −$10.28B | −$11.21B | −$11.00B | −$11.28B | −$14.37B | $8.85B | $2.39B |
| Graham number | $46.53 | $68.52 | $52.63 | $63.68 | $39.16 | $23.20 | $18.04 | — | $27.72 | $42.64 |
| Graham net-net per share | −$8.33 | −$8.34 | −$11.13 | −$14.83 | −$12.69 | −$12.19 | −$10.85 | −$11.38 | $4.23 | $0.33 |
| Capital allocation | ||||||||||
| Dividends paid | $3.81B | $3.69B | $3.46B | $3.21B | $3.01B | $2.88B | $2.97B | $3.47B | $3.25B | $2.99B |
| Share buybacks (net) | $8.79B | $4.12B | $2.97B | $3.13B | $3.37B | $2.45B | $1.79B | $22.58B | $1.34B | $3.92B |
| Dividend payout ratio | 68.7% | 36.4% | 47.9% | 24.8% | 33.3% | 55.4% | 67.7% | — | 131.9% | 52.4% |
| Dividends + buybacks / free cash flow | 98.3% | 70.0% | 65.3% | 92.8% | 73.7% | 121.0% | 74.4% | 837.2% | 114.8% | 100.8% |
| Capex / revenue | 2.7% | 2.7% | 4.0% | 5.1% | 5.6% | 6.0% | 3.7% | 3.4% | 3.1% | 2.3% |
| Capex / operating cash flow | 8.5% | 8.5% | 12.8% | 24.9% | 17.9% | 24.2% | 12.2% | 20.1% | 14.7% | 7.3% |
| Capex / depreciation | 0.74 | 0.61 | 0.80 | 1.28 | 1.19 | 1.01 | 0.63 | 0.50 | 0.47 | 0.38 |
| Stock-based compensation / revenue | 6.3% | 6.8% | 6.9% | 4.6% | 5.0% | 5.2% | 4.3% | 3.9% | 4.1% | 4.0% |
| R&D / revenue | 20.4% | 22.8% | 24.6% | 18.5% | 21.4% | 25.4% | 22.2% | 24.7% | 24.6% | 21.9% |
| SG&A / revenue | 7.0% | 7.1% | 6.9% | 5.8% | 7.0% | 8.8% | 9.0% | 13.1% | 11.9% | 9.4% |
| Efficiency | ||||||||||
| Days sales outstanding | 34.0 | 33.3 | 45.0 | 38.1 | 41.2 | 50.2 | 40.4 | 52.5 | 47.9 | 32.4 |
| Days of inventory on hand | 133.6 | 137.4 | 154.8 | 100.6 | 74.6 | 78.8 | 65.6 | 66.4 | 66.9 | 57.1 |
| Days payables outstanding | 49.7 | 48.1 | 65.6 | 64.1 | 64.0 | 71.3 | 67.8 | 67.6 | 71.4 | 59.1 |
| Cash conversion cycle (days) | 117.9 | 122.6 | 134.2 | 74.5 | 51.8 | 57.7 | 38.3 | 51.3 | 43.5 | 30.4 |
| Receivables turnover | 10.74 | 10.96 | 8.12 | 9.59 | 8.85 | 7.27 | 9.03 | 6.96 | 7.62 | 11.26 |
| Payables turnover | 7.34 | 7.59 | 5.56 | 5.69 | 5.71 | 5.12 | 5.39 | 5.40 | 5.11 | 6.17 |
| Inventory turnover | 2.73 | 2.66 | 2.36 | 3.63 | 4.90 | 4.63 | 5.56 | 5.50 | 5.45 | 6.40 |
| Asset turnover | 0.84 | 0.73 | 0.72 | 0.98 | 0.87 | 0.69 | 0.74 | 0.46 | 0.38 | 0.46 |
| Average receivables | $4.12B | $3.56B | $4.41B | $4.61B | $3.79B | $3.24B | $2.69B | $3.27B | $2.93B | $2.09B |
| Average payables | $2.69B | $2.25B | $2.85B | $3.27B | $2.50B | $1.81B | $1.60B | $1.90B | $1.91B | $1.58B |
| Average inventory | $7.22B | $6.42B | $6.73B | $5.13B | $2.91B | $2.00B | $1.55B | $1.86B | $1.80B | $1.52B |
| Intangibles / total assets | 24.9% | 21.8% | 23.6% | 25.3% | 21.1% | 22.4% | 25.7% | 28.9% | 15.8% | 17.5% |
Computed from QCOM's annual financial statements (latest annual report filed November 5, 2025) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
QCOM valuation and financial ratios
At the end of fiscal 2025 (September 30, 2025), Qualcomm traded at 33.2 times earnings, against a 10-year median of 18.9. Based on the latest twelve months, the trailing P/E is 19.9 and the forward P/E is 19.6. Qualcomm earned a return on equity of 23.3% and a return on invested capital of 23.1% in fiscal 2025. It ended the year with $16.4 billion of debt and $12.5 billion in cash and short-term investments, net debt of $3.9 billion. It returned $12.6 billion to shareholders: $3.8 billion in dividends and $8.8 billion in share buybacks, 98% of free cash flow. The share count fell 26.2% from 1.50B to 1.10B over 9 years.
See the QCOM income statement, the QCOM chart for price history, or the QCOM stock overview for the latest quote and news.
QCOM key metrics FAQ
What is Qualcomm's P/E ratio?
Qualcomm's trailing P/E ratio is 19.9 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 19.6. At the end of fiscal 2025 it was 33.2, compared with a 10-year median of 18.9.
What is Qualcomm's EV/EBITDA?
Qualcomm's enterprise value was 12.6 times EBITDA at the end of fiscal 2025 (enterprise value $187.7 billion, EBITDA $14.9 billion); the current EV/EBITDA is 16.2.
What is Qualcomm's return on equity?
Qualcomm's return on equity (ROE) was 23.3% in fiscal 2025: net income of $5.5 billion on average shareholders' equity of $23.7 billion.
What is Qualcomm's ROIC?
Qualcomm's return on invested capital was 23.1% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Qualcomm have?
Qualcomm had total debt of $16.4 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.77 and $3.9 billion of net debt (0.26 times EBITDA).
What is Qualcomm's dividend yield?
Qualcomm's forward dividend yield is 2.14%. Qualcomm paid $3.8 billion in dividends in fiscal 2025 ($3.44 per share), a payout ratio of 68.7%.
Does Qualcomm buy back its shares?
Yes. Qualcomm spent $8.8 billion on net share repurchases in fiscal 2025 Shares outstanding changed −2.2% over the year, to 1.10B..
What is Qualcomm's free cash flow yield?
Qualcomm generated $12.8 billion of free cash flow in fiscal 2025, a free cash flow yield of 7.0% on its market value at year-end ($183.8 billion).
What is Qualcomm's current ratio?
Qualcomm's current ratio was 2.82 at the end of fiscal 2025: current assets were 2.82 times current liabilities.