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Apple vs Zepp Health: revenue, profit, margins and growth compared

Apple brought in $416.2B of revenue in fiscal 2025, Zepp Health $258.9M in fiscal 2025. Revenue changed by +6.4% at Apple and +41.8% at Zepp Health on the year before, so Zepp Health grew faster. Apple kept 26.9% of its revenue as net profit, Zepp Health -15.5%. Free cash flow was $98.8B at Apple and -$26.2M at Zepp Health.

Side by side, latest fiscal year

AAPLZEPP
Fiscal year endedFY2025 (September 27, 2025)FY2025 (December 31, 2025)
Revenue$416.2B$258.9M
Revenue growth+6.4%+41.8%
Net income$112B-$40.1M
Net margin26.9%-15.5%
Free cash flow$98.8B-$26.2M
Free cash flow margin23.7%-10.1%
Earnings per share (diluted)$7.46-$0.16
Cash$35.9B$57M
Debt$90.7B$59.5M
Price to earnings45.7n/a
Market value$4.98T$60.7M
Dividend yield0.30%n/a
Rank by revenue in sector#1 of 530 · Technology#366 of 530 · Technology

Over the years

Revenue
AAPL FY2018: $265.6BAAPL FY2019: $260.2BAAPL FY2020: $274.5BAAPL FY2021: $365.8BAAPL FY2022: $394.3BAAPL FY2023: $383.3BAAPL FY2024: $391BAAPL FY2025: $416.2BZEPP FY2018: $530.2MZEPP FY2019: $834.9MZEPP FY2020: $986MZEPP FY2021: $980.8MZEPP FY2022: $613.6MZEPP FY2023: $352.9MZEPP FY2024: $182.6MZEPP FY2025: $258.9MFY18FY19FY20FY21FY22FY23FY24FY25
AAPL $416.2BZEPP $258.9M
Net income
AAPL FY2018: $59.5BAAPL FY2019: $55.3BAAPL FY2020: $57.4BAAPL FY2021: $94.7BAAPL FY2022: $99.8BAAPL FY2023: $97BAAPL FY2024: $93.7BAAPL FY2025: $112BZEPP FY2018: $49.5MZEPP FY2019: $82.6MZEPP FY2020: $35.1MZEPP FY2021: $21.6MZEPP FY2022: -$43.2MZEPP FY2023: -$31MZEPP FY2024: -$75.7MZEPP FY2025: -$40.1MFY18FY19FY20FY21FY22FY23FY24FY25
AAPL $112BZEPP -$40.1M
Net margin
AAPL FY2018: 22.4%AAPL FY2019: 21.2%AAPL FY2020: 20.9%AAPL FY2021: 25.9%AAPL FY2022: 25.3%AAPL FY2023: 25.3%AAPL FY2024: 24.0%AAPL FY2025: 26.9%ZEPP FY2018: 9.3%ZEPP FY2019: 9.9%ZEPP FY2020: 3.6%ZEPP FY2021: 2.2%ZEPP FY2022: -7.0%ZEPP FY2023: -8.8%ZEPP FY2024: -41.5%ZEPP FY2025: -15.5%FY18FY19FY20FY21FY22FY23FY24FY25
AAPL 26.9%ZEPP -15.5%
Revenue growth
AAPL FY2019: -2.0%AAPL FY2020: +5.5%AAPL FY2021: +33.3%AAPL FY2022: +7.8%AAPL FY2023: -2.8%AAPL FY2024: +2.0%AAPL FY2025: +6.4%ZEPP FY2019: +57.5%ZEPP FY2020: +18.1%ZEPP FY2021: -0.5%ZEPP FY2022: -37.4%ZEPP FY2023: -42.5%ZEPP FY2024: -48.3%ZEPP FY2025: +41.8%FY19FY20FY21FY22FY23FY24FY25
AAPL +6.4%ZEPP +41.8%
Free cash flow
AAPL FY2018: $64.1BAAPL FY2019: $58.9BAAPL FY2020: $73.4BAAPL FY2021: $93BAAPL FY2022: $111.4BAAPL FY2023: $99.6BAAPL FY2024: $108.8BAAPL FY2025: $98.8BZEPP FY2018: $100.4MZEPP FY2019: $56.6MZEPP FY2020: $11.3MZEPP FY2021: -$43.7MZEPP FY2022: -$118.3MZEPP FY2023: $41MZEPP FY2024: -$25.8MZEPP FY2025: -$26.2MFY18FY19FY20FY21FY22FY23FY24FY25
AAPL $98.8BZEPP -$26.2M

Fiscal years as each company reports them; the two may end in different months.

Questions about Apple and Zepp Health

Which is bigger by revenue, Apple or Zepp Health?

Apple is bigger by revenue: $416.2B in fiscal 2025, against $258.9M for Zepp Health in fiscal 2025.

Which keeps more of its revenue as profit, Apple or Zepp Health?

Apple had a net margin of 26.9% in fiscal 2025; Zepp Health had -15.5% in fiscal 2025.

Which grew revenue faster, Apple or Zepp Health?

In their latest fiscal years revenue changed by +6.4% at Apple and +41.8% at Zepp Health.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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