Broadcom vs Qualcomm
Broadcom reported revenue of $63.9 billion in fiscal 2025, 1.4 times Qualcomm's $44.3 billion in fiscal 2025. Broadcom's revenue grew 23.9% in its latest year, and Qualcomm's grew 13.7%. Broadcom had an operating margin of 39.9%, against 27.9% at Qualcomm. Free cash flow was $26.9 billion at Broadcom and $12.8 billion at Qualcomm. Their fiscal years end in different months (November 2 and September 28), so the periods don't line up exactly.
Side by side
| Broadcom | Qualcomm | |
|---|---|---|
| Latest fiscal year | FY2025, Nov 2, 2025 | FY2025, Sep 28, 2025 |
| Revenue | $63.9B | $44.3B |
| Revenue growth | 23.9% | 13.7% |
| Revenue growth a year, last 5 years | 21.7% | 13.5% |
| Gross margin | 67.8% | 55.4% |
| Operating margin | 39.9% | 27.9% |
| Net margin | 36.2% | 12.5% |
| Free cash flow | $26.9B | $12.8B |
| Free cash flow margin | 42.1% | 28.9% |
| Return on capital | 19.9% | 23.7% |
| Net debt to EBITDA | 1.4x | 0.3x |
| Dividends and buybacks | $13.6B | $12.6B |
| Change in diluted share count | 1.6% | −2.2% |
| Last close | $329.17 | $179.60 |
| P/E at the last close | 42.0× | 20.5× |
| Insider trades, last 12 months | bought $698,700, sold $1.2 billion | sold $21.6 million |
| Piotroski F-score | 7 of 9 | 6 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
BroadcomQualcomm
Operating margin
Percent of revenue
BroadcomQualcomm
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
BroadcomQualcomm
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Broadcom and Qualcomm pages.