Apple Inc. (AAPL) vs Tencent Holdings Limited (TCEHY)

A side-by-side comparison of Apple Inc. and Tencent Holdings Limited across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 10, 2026. Differences are shown without an overall score or investment verdict.

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Different business models: AAPL is classified in Technology; TCEHY is classified in Communication Services. Margin, capital intensity, and valuation differences should be interpreted in that sector context.

Total returnAAPL vs TCEHY

growth of $100 · dividends reinvested · last 10y
AAPL +1191.3% (+29.2%/yr)TCEHY +121.6% (+8.3%/yr)AAPL compounded faster over this window
Log scale — wide-divergence pair
101001k10kStart $10020182020202220242026$1,291$222
AAPL TCEHY

AAPL vs TCEHY: by the numbers

  • AAPL is the larger company ($4.88T vs $491.57B market cap).
  • TCEHY trades at the lower trailing earnings multiple (14.97 vs 38.06 P/E), one valuation lens rather than an overall verdict.
  • TCEHY converts more revenue to profit (29.83% vs 27.62% net margin).
  • TCEHY grew revenue faster over the past five years (6.83% vs 6.10% CAGR).
  • TCEHY pays the higher dividend yield (1.23% vs 0.32%).

Metrics side by side

Valuation

MetricAAPLTCEHY
P/E ratio38.0614.97
Forward P/E37.62N/A
P/S ratio10.454.36
P/B ratio45.392.94
EV / EBITDA29.3211.31
FCF yield2.80%5.21%

Profitability

MetricAAPLTCEHY
Gross margin48.65%55.66%
Operating margin33.17%32.48%
Net margin27.62%29.83%
ROE119.91%20.11%
ROIC51.87%11.92%

Dividends

MetricAAPLTCEHY
Dividend yield0.32%1.23%
Payout ratio12.14%18.51%

Growth (annualized)

MetricAAPLTCEHY
Revenue CAGR (5Y)6.10%6.83%
EPS CAGR (5Y)17.73%5.91%
FCF CAGR (5Y)7.60%2.93%
Total return CAGR (5Y)17.58%-0.93%

Frequently asked

Which has the lower trailing P/E, AAPL or TCEHY?
TCEHY has the lower trailing P/E: AAPL trades at 38.06 and TCEHY at 14.97. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, AAPL or TCEHY?
Over the past five years, TCEHY grew revenue faster — AAPL at a 6.10% CAGR versus TCEHY at 6.83%.
Does AAPL or TCEHY pay a bigger dividend?
AAPL yields 0.32% and TCEHY yields 1.23% based on trailing dividends and the latest price.
Is AAPL or TCEHY more profitable?
TCEHY runs the higher net margin — AAPL at 27.62% versus TCEHY at 29.83%.
How have AAPL and TCEHY total returns compared?
Over the past 10 years, AAPL delivered 30.06% and TCEHY delivered 8.51% annualized total return. Past performance doesn't predict future results.

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified September 10, 2026.