Apple vs ConocoPhillips: Business Model & Financial Comparison 2026
Apple · Technology / Consumer Electronics·ConocoPhillips · Energy / Oil & Gas E&P
Financial Comparison
| Metric | AAPLApple | COPConocoPhillips |
|---|---|---|
| Market Cap | $3.68T | $148.99B |
| Revenue (TTM) | $435.62B | $60.28B |
| Revenue Growth | 15.7% | -6.8% |
| Gross Margin | 47.3% | 46.2% |
| Operating Margin | 35.4% | 16.3% |
| Net Margin | 27.0% | 13.3% |
| Return on Equity | 152.0% | 12.4% |
| P/E (Trailing) | 31.7x | 19.2x |
| P/E (Forward) | 26.9x | 17.8x |
| Free Cash Flow | $106.31B | $7.49B |
| Cash | $66.91B | $6.98B |
| Total Debt | $90.51B | $24.39B |
Data sourced from Yahoo Finance. Green highlights indicate better performance for that metric. Use the interactive tool for real-time data.
Business Model Comparison
Apple
Apple stands as the world's most valuable company and leader in consumer electronics. Generating $435.62 billion in annual revenue (growing 15.7% year-over-year) and carrying a market capitalization of $3.83 trillion, the company has cemented its position as a foundational player in the global Consumer Electronics landscape. Under the leadership of Tim Cook, Apple continues to execute on a multi-year strategic vision that balances growth investme…
Full Apple analysis →ConocoPhillips
ConocoPhillips stands as a leading company in Energy. Generating $60.28 billion in annual revenue (growing -6.8% year-over-year) and carrying a market capitalization of $142.79 billion, the company has cemented its position as a foundational player in the global Oil & Gas E&P landscape. Under the leadership of its leadership team, ConocoPhillips continues to execute on a multi-year strategic vision that balances growth investment with shareholder…
Full ConocoPhillips analysis →SWOT Analysis Comparison
Strengths
Apple
- With a market capitalization of $3.83T, Apple is one of the largest companies in its sector, providing the scale advantages of brand recognition, supplier leverage, and capital access that smaller com
- Apple's gross margin of 47.3% is well above industry averages, reflecting pricing power, operational efficiency, or a high-value product mix. The operating margin of 35.4% demonstrates disciplined cos
- Revenue grew 15.7% year-over-year to $435.62B, indicating strong demand for Apple's products and services and outperformance relative to many industry peers.
ConocoPhillips
- With a market capitalization of $142.79B, ConocoPhillips is one of the largest companies in its sector, providing the scale advantages of brand recognition, supplier leverage, and capital access that
- ConocoPhillips's gross margin of 46.2% is well above industry averages, reflecting pricing power, operational efficiency, or a high-value product mix. The operating margin of 16.3% demonstrates discip
- ConocoPhillips generated $7.49B in free cash flow, providing financial flexibility to invest in growth initiatives, return capital to shareholders, or strengthen the balance sheet.
Weaknesses
Apple
- With a debt-to-equity ratio of 102.6, Apple carries significant debt relative to equity. While manageable given its cash flow, elevated leverage limits financial flexibility and increases vulnerabilit
- With 150,000 employees globally, Apple faces inherent challenges in agility, decision-making speed, and maintaining a consistent culture across geographies — advantages that smaller, nimbler competito
- iPhone revenue still represents 52% of total sales — over-reliance on a single product
ConocoPhillips
- Year-over-year revenue declined 6.8%, raising questions about demand for ConocoPhillips's core offerings and requiring management to articulate a credible recovery path.
Opportunities
Apple
- The rapid advancement of generative AI and large language models presents Apple with opportunities to automate operations, enhance products, and develop new AI-native services. Companies in Technology
- Apple operates in the Consumer Electronics segment of the broader Technology sector, which represents a $5.0 trillion by 2027 (IDC Global Technology Market). Even modest share gains in this environmen
- Emerging markets — particularly India (1.4B people, rapidly growing middle class), Southeast Asia (700M people), and Sub-Saharan Africa — represent significant untapped addressable markets for Apple's
ConocoPhillips
- ConocoPhillips operates in the Oil & Gas E&P segment of the broader Energy sector, which represents a $6.5 trillion global energy market. Even modest share gains in this environment translate to meani
- Emerging markets — particularly India (1.4B people, rapidly growing middle class), Southeast Asia (700M people), and Sub-Saharan Africa — represent significant untapped addressable markets for ConocoP
- With $6.98B in cash and strong free cash flow generation, ConocoPhillips is well-positioned to pursue strategic acquisitions that expand its capabilities, customer base, or geographic reach.
Threats
Apple
- Global economic slowdowns, inflation, or rising interest rates can reduce consumer and enterprise spending. Apple's revenue is not fully insulated from macroeconomic cycles, and a recession scenario c
- Increasing government regulation — particularly data privacy laws (GDPR, CCPA), antitrust enforcement, and trade restrictions — poses compliance costs and potential restrictions on Apple's business mo
- The technology sector evolves at a pace where today's competitive advantages can erode quickly. New entrants with AI-native approaches, open-source alternatives, or disruptive business models could ch
ConocoPhillips
- Global economic slowdowns, inflation, or rising interest rates can reduce consumer and enterprise spending. ConocoPhillips's revenue is not fully insulated from macroeconomic cycles, and a recession s
- Increasing government regulation — particularly data privacy laws (GDPR, CCPA), antitrust enforcement, and trade restrictions — poses compliance costs and potential restrictions on ConocoPhillips's bu
- Competition for skilled technology, engineering, and management talent remains intense. High employee turnover or inability to attract top talent could slow innovation and execution — particularly cri
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Open Comparison ToolApple vs ConocoPhillips: FAQ
- Is Apple bigger than ConocoPhillips?
- By market capitalization, Apple is larger at $3.68T vs ConocoPhillips's $148.99B.
- Which has better profit margins — Apple or ConocoPhillips?
- Apple has higher net profit margins (27.0%) compared to ConocoPhillips (13.3%). Gross and operating margins are compared in the table above.
- What sectors do Apple and ConocoPhillips operate in?
- Apple operates in the Technology sector (Consumer Electronics). ConocoPhillips operates in the Energy sector (Oil & Gas E&P).
- How does Apple's revenue compare to ConocoPhillips's?
- Apple generates $435.62B in annual revenue (TTM) while ConocoPhillips generates $60.28B. Apple is the larger company by revenue as of 2026.