Revenue vs Net income
Reported dollars from 10-Q / 10-K filings. Q4 bars are derived (annual less nine months) where the 10-K does not tag Q4 separately.
Margin trend
Gross, operating and net margin. Margins are derived from reported dollars.
Revenue YoY growth
Year-over-year change vs the same quarter (or fiscal year) a year earlier. Shown where the prior-year period is in the 8-quarter snapshot (latest four quarters).
Income statement
From 10-Q / 10-K XBRL. Values in reported dollars; EPS in $/share; share counts in shares.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $365.8B | $394.3B | $383.3B | $391.0B | $416.2B |
| YoY | — | +7.8% | -2.8% | +2.0% | +6.4% |
| Cost of goods sold | $213.0B | $223.5B | $214.1B | $210.4B | $221.0B |
| YoY | — | +5.0% | -4.2% | -1.8% | +5.0% |
| Gross profit | $152.8B | $170.8B | $169.1B | $180.7B | $195.2B |
| YoY | — | +11.7% | -1.0% | +6.8% | +8.0% |
| Research & development | $21.9B | $26.3B | $29.9B | $31.4B | $34.5B |
| YoY | — | +19.8% | +14.0% | +4.9% | +10.1% |
| Selling, general & administrative | $22.0B | $25.1B | $24.9B | $26.1B | $27.6B |
| YoY | — | +14.2% | -0.6% | +4.7% | +5.8% |
| Operating income | $108.9B | $119.4B | $114.3B | $123.2B | $133.1B |
| YoY | — | +9.6% | -4.3% | +7.8% | +8.0% |
| Pretax income | $109.2B | $119.1B | $113.7B | $123.5B | $132.7B |
| YoY | — | +9.1% | -4.5% | +8.6% | +7.5% |
| Income tax | $14.5B | $19.3B | $16.7B | $29.7B | $20.7B |
| YoY | — | +32.9% | -13.3% | +77.7% | -30.4% |
| Net income | $94.7B | $99.8B | $97.0B | $93.7B | $112.0B |
| YoY | — | +5.4% | -2.8% | -3.4% | +19.5% |
| EPS — basic | $5.67 | $6.15 | $6.16 | $6.11 | $7.49 |
| YoY | — | +8.5% | +0.2% | -0.8% | +22.6% |
| EPS — diluted | $5.61 | $6.11 | $6.13 | $6.08 | $7.46 |
| YoY | — | +8.9% | +0.3% | -0.8% | +22.7% |
| Weighted shares — basic | 16.70B | 16.22B | 15.74B | 15.34B | 14.95B |
| Weighted shares — diluted | 16.86B | 16.33B | 15.81B | 15.41B | 15.00B |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Cash & equivalents | $34.9B | $23.6B | $30.0B | $29.9B | $35.9B |
| YoY | — | -32.3% | +26.7% | -0.1% | +20.0% |
| Marketable securities (current) | $27.7B | $24.7B | $31.6B | $35.2B | $18.8B |
| YoY | — | -11.0% | +28.1% | +11.5% | -46.7% |
| Accounts receivable | $26.3B | $28.2B | $29.5B | $33.4B | $39.8B |
| YoY | — | +7.3% | +4.7% | +13.2% | +19.1% |
| Inventory | $6.6B | $4.9B | $6.3B | $7.3B | $5.7B |
| YoY | — | -24.8% | +28.0% | +15.1% | -21.5% |
| Total current assets | $134.8B | $135.4B | $143.6B | $153.0B | $148.0B |
| YoY | — | +0.4% | +6.0% | +6.6% | -3.3% |
| Total assets | $351.0B | $352.8B | $352.6B | $365.0B | $359.2B |
| YoY | — | +0.5% | -0.0% | +3.5% | -1.6% |
| Total current liabilities | $125.5B | $154.0B | $145.3B | $176.4B | $165.6B |
| YoY | — | +22.7% | -5.6% | +21.4% | -6.1% |
| Total liabilities | $287.9B | $302.1B | $290.4B | $308.0B | $285.5B |
| YoY | — | +4.9% | -3.9% | +6.1% | -7.3% |
| Total equity | $63.1B | $50.7B | $62.1B | $57.0B | $73.7B |
| YoY | — | -19.7% | +22.6% | -8.4% | +29.5% |
| Shares outstanding | 16.43B | 15.94B | 15.55B | 15.12B | 14.77B |
| YoY | — | -2.9% | -2.5% | -2.8% | -2.3% |
Cash flow
Quarterly values derived from year-to-date filings (Q4 from the 10-K). Free cash flow = operating cash flow − capital expenditures.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Operating cash flow | $104.0B | $122.2B | $110.5B | $118.3B | $111.5B |
| YoY | — | +17.4% | -9.5% | +7.0% | -5.7% |
| Capital expenditures | $11.1B | $10.7B | $11.0B | $9.4B | $12.7B |
| YoY | — | -3.4% | +2.3% | -13.8% | +34.6% |
| Free cash flow | $93.0B | $111.4B | $99.6B | $108.8B | $98.8B |
| YoY | — | +19.9% | -10.6% | +9.3% | -9.2% |
| Dividends paid | $14.5B | $14.8B | $15.0B | $15.2B | $15.4B |
| YoY | — | +2.6% | +1.2% | +1.4% | +1.2% |
| Share repurchases | $86.0B | $89.4B | $77.5B | $94.9B | $90.7B |
| YoY | — | +4.0% | -13.3% | +22.4% | -4.5% |
Margins & ratios
Derived from the reported dollars above — no separate source.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Gross margin | 41.8% | 43.3% | 44.1% | 46.2% | 46.9% |
| Operating margin | 29.8% | 30.3% | 29.8% | 31.5% | 32.0% |
| Net margin | 25.9% | 25.3% | 25.3% | 24.0% | 26.9% |
| Free cash flow margin | 25.4% | 28.3% | 26.0% | 27.8% | 23.7% |
| Effective tax rate | 13.3% | 16.2% | 14.7% | 24.1% | 15.6% |
| Current ratio | 1.07x | 0.88x | 0.99x | 0.87x | 0.89x |
| Total liabilities / equity | 4.56x | 5.96x | 4.67x | 5.41x | 3.87x |
Peer comparison — latest full year
Same sector (Information Technology), sorted by revenue. All figures from the same EDGAR XBRL snapshot.
| Ticker | Revenue | Revenue YoY | Gross margin | Operating margin | Net margin | FCF margin |
|---|---|---|---|---|---|---|
| AAPL FY25 · this stock | $416.2B | +6.4% | 46.9% | 32.0% | 26.9% | 23.7% |
| MSFT FY26 | $331.8B | +17.8% | 67.9% | 46.8% | 40.3% | 20.2% |
| NVDA FY26 | $215.9B | +65.5% | 71.1% | 60.4% | 55.6% | — |
| MU FY26 | $133.2B | +256.3% | 80.7% | 74.6% | 63.8% | 44.3% |
| IBM FY25 | $67.5B | +7.6% | 58.2% | — | 15.7% | 17.9% |
| ORCL FY26 | $67.4B | +17.3% | — | 30.6% | 25.4% | -35.2% |
| CSCO FY26 | $63.3B | +11.8% | 64.5% | 24.3% | 21.0% | 20.2% |
| INTC FY25 | $52.9B | -0.5% | 34.8% | -4.2% | -0.5% | -9.4% |
| AVGO FY24 | $51.6B | +44.0% | 63.0% | 26.1% | — | 37.6% |
| QCOM FY25 | $44.3B | +13.7% | — | 27.9% | 12.5% | — |
| CRM FY26 | $41.5B | +9.6% | 77.7% | 20.1% | 18.0% | 34.7% |
Source: SEC EDGAR XBRL company facts (10-Q / 10-K), snapshot generated 2026-11-03 for 218 tickers. Q4 values are derived as the 10-K annual less the first nine months, since Q4 is not separately tagged in company facts; cash-flow quarterly values are derived from year-to-date filings the same way. Free cash flow = operating cash flow − capital expenditures. Blank cells mean the filing does not report that line item under a standard US-GAAP tag — nothing is estimated or filled in. Descriptive research, not investment advice. How EarnIQ builds fundamentals.