Broadcom vs Qualcomm
Broadcom is the larger business, with $63.89bn of revenue in fiscal 2025 against $44.28bn for Qualcomm (1.4 times as much). Broadcom grew faster (23.9% against 13.7%). Broadcom kept more of each dollar of sales as profit: a net margin of 36.2% against 12.5%. Qualcomm carries less debt relative to equity (69.8% against 82.6%).
| Latest fiscal year | BroadcomAVGO, 2025 | QualcommQCOM, 2025 |
|---|---|---|
| Revenue | $63.89bn | $44.28bn |
| Revenue growth | 23.9% | 13.7% |
| Net income | $23.13bn | $5.54bn |
| Operating margin | 39.9% | 27.9% |
| Net margin | 36.2% | 12.5% |
| Return on equity | 31.0% | 23.3% |
| Free cash flow | $26.91bn | $12.82bn |
| Cash | $16.18bn | $5.52bn |
| Total debt | $67.12bn | $14.81bn |
| Debt to equity | 82.6% | 69.8% |
| Dividend per share | $2.36 | $3.48 |
| Dividend yield | 0.8% | 2.2% |
| Share buybacks | $2.45bn | $8.79bn |
| Employees | 33,000 | 52,000 |
| Market value | $1.59tn | $173.81bn |
| Price vs our value range | Within our value range | Within our value range |
| Moat score | 75 (Strong) | 85 (Strong) |
| Insider trades, 12 months | 2 buys, 280 sales | 0 buys, 120 sales |