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QUALCOMM INC/DE (QCOM) financial health, profit and balance sheet · Scorvest

QCOM · Nasdaq · United States · Radio & Tv Broadcasting & Communications Equipment

QUALCOMM INC/DE

San Diego, CA · Fiscal year ends in September · Figures in USD

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In shortQUALCOMM INC/DE is profitable, generates cash and carries moderate debt, with revenue growing (+13.7% last year).

Financial health

Strong

Built from five areas over the last five annual reports. Tap an area to see the figures behind it.

How is this score calculated? →

Profitability93

Operating marginShare of each sale left after running the business, before interest and tax.	27.9%	100/100
Net marginShare of each sale left as profit after every cost, interest and tax.	12.5%	70/100
Return on equityProfit earned on the money shareholders put in. Above 15% is strong.	23.3%	100/100
Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge.	27.1%	100/100

Weight in the score: 25%

Balance sheet94

Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash.	2.82×	100/100
Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted.	0.70×	72/100
Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable.	0.33×	100/100
Interest coverageHow many times operating profit covers interest. Below 2 is risky.	18.61×	100/100
Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress.	5.94	100/100

Weight in the score: 25%

Cash generation100

Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt.	28.9%	100/100
Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy.	2.31×	100/100
Years with positive free cash flow (last 5)	5 of 5	100/100

Weight in the score: 20%

Stability63
Profitable years (last 5) 5 of 5 100/100
Years of revenue decline (last 5) 1 of 5 67/100
Revenue growth volatility 23.6% 24/100
Operating margin volatility 5.2% 62/100
Weight in the score: 20%
Growth9
Revenue growth, 3-year average 0.1% 17/100
EPS growth, 3-year average -23.9% 0/100
Weight in the score: 10%

Profitable years (last 5)	5 of 5	100/100
Years of revenue decline (last 5)	1 of 5	67/100
Revenue growth volatility	23.6%	24/100
Operating margin volatility	5.2%	62/100

Revenue growth, 3-year average	0.1%	17/100
EPS growth, 3-year average	-23.9%	0/100

Fiscal year 2025 · change vs prior year

Revenue: $44.3B; ▲ 13.7%
Net income: $5.5B; ▼ 45.4%
Free cash flow: $12.8B; ▲ 14.9%
Operating margin: 27.9%; +2.1 pts
Cash & investments: $10.2B; –
Total debt: $14.8B; ▲ 1.2%
Diluted EPS: $5.01; ▼ 44.1%
Return on equity: 23.3%; –

Trends

Annual figures as reported. Hover a bar or point for the exact value.

5 older years available with the 10-year history. Essential plan, from €8.25/month →

Revenue and net income

RevenueNet income

Margins

Statements

The last 5 fiscal years from the company's annual reports.

USD millions; negative values in parentheses.

Fiscal year	FY21	FY22	FY23	FY24	FY25
Revenue	33,566	44,200	35,820	38,962	44,284
Cost of revenue	14,262	18,635	15,869	17,060	19,738
Gross profit	19,304	25,565	19,951	21,902	24,546
Research & development	7,176	8,194	8,818	8,893	9,042
Selling, general & admin	2,339	2,570	2,483	2,759	3,110
Operating income	9,789	15,860	7,788	10,071	12,355
Interest expense	559	490	694	697	664
Pre-tax income	10,274	14,998	7,443	10,336	12,663
Income tax	1,231	2,012	104	226	7,122
Net income	9,043	12,936	7,232	10,142	5,541
Diluted EPS	$7.87	$11.37	$6.42	$8.97	$5.01
Diluted shares (millions)	1,149	1,137	1,126	1,130	1,105

5 older years available with the 10-year history. Essential plan, from €8.25/month →

Quarterly results

The last 8 reported quarters (10-Q and 10-K filings), in USD millions. The fourth quarter is derived from the annual report.

The last 8 quarters of QUALCOMM INC/DE are included in the Investor plan. Try free for 7 days →

Risk checks

Altman Z'' score

5.94 Safe zone

Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.

Piotroski F-score

6/9

Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.

Positive net income: passed
Positive operating cash flow: passed
Return on assets improved: failed
Cash flow exceeds net income: passed
Long-term debt ratio fell: failed
Current ratio improved: passed
No share dilution: passed
Gross margin improved: failed
Asset turnover improved: passed

Sources

10-QPeriod ending Jun 28, 2026Filed Jul 29, 2026Open the report ↗
10-QPeriod ending Mar 29, 2026Filed Apr 29, 2026Open the report ↗
10-QPeriod ending Dec 28, 2025Filed Feb 4, 2026Open the report ↗
10-KPeriod ending Sep 28, 2025Filed Nov 5, 2025Open the report ↗
10-QPeriod ending Jun 29, 2025Filed Jul 30, 2025Open the report ↗
10-QPeriod ending Mar 30, 2025Filed Apr 30, 2025Open the report ↗
10-QPeriod ending Dec 29, 2024Filed Feb 5, 2025Open the report ↗
10-KPeriod ending Sep 29, 2024Filed Nov 6, 2024Open the report ↗