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.
| Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $94.9B | $124.3B | $95.4B | $94.0B | $102.5B | $143.8B | $111.2B | $109.4B |
| YoY | — | — | — | — | +7.9% | +15.7% | +16.6% | +16.4% |
| Cost of goods sold | $51.1B | $66.0B | $50.5B | $50.3B | $54.1B | $74.5B | $56.4B | $54.6B |
| YoY | — | — | — | — | +6.0% | +12.9% | +11.7% | +8.6% |
| Gross profit | $43.9B | $58.3B | $44.9B | $43.7B | $48.3B | $69.2B | $54.8B | $54.8B |
| YoY | — | — | — | — | +10.2% | +18.8% | +22.1% | +25.3% |
| Research & development | $7.8B | $8.3B | $8.6B | $8.9B | $8.9B | $10.9B | $11.4B | $11.7B |
| YoY | — | — | — | — | +14.2% | +31.7% | +33.6% | +32.3% |
| Selling, general & administrative | $6.5B | $7.2B | $6.7B | $6.7B | $7.0B | $7.5B | $7.5B | $7.3B |
| YoY | — | — | — | — | +8.0% | +4.4% | +11.1% | +10.5% |
| Operating income | $29.6B | $42.8B | $29.6B | $28.2B | $32.4B | $50.9B | $35.9B | $35.7B |
| YoY | — | — | — | — | +9.6% | +18.7% | +21.3% | +26.6% |
| Pretax income | $29.6B | $42.6B | $29.3B | $28.0B | $32.8B | $51.0B | $35.8B | $36.3B |
| YoY | — | — | — | — | +10.8% | +19.8% | +22.3% | +29.4% |
| Income tax | $14.9B | $6.3B | $4.5B | $4.6B | $5.3B | $8.9B | $6.3B | $6.5B |
| YoY | — | — | — | — | -64.1% | +42.4% | +38.1% | +40.9% |
| Net income | $14.7B | $36.3B | $24.8B | $23.4B | $27.5B | $42.1B | $29.6B | $29.8B |
| YoY | — | — | — | — | +86.4% | +15.9% | +19.4% | +27.1% |
| EPS — basic | — | $2.41 | $1.65 | $1.57 | — | $2.85 | $2.02 | $2.03 |
| YoY | — | — | — | — | — | +18.3% | +22.4% | +29.3% |
| EPS — diluted | — | $2.40 | $1.65 | $1.57 | — | $2.84 | $2.01 | $2.02 |
| YoY | — | — | — | — | — | +18.3% | +21.8% | +28.7% |
| Weighted shares — basic | — | 15.08B | 14.99B | 14.90B | — | 14.75B | 14.67B | 14.66B |
| Weighted shares — diluted | — | 15.15B | 15.06B | 14.95B | — | 14.81B | 14.73B | 14.71B |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $29.9B | $30.3B | $28.2B | $36.3B | $35.9B | $45.3B | $45.6B | $39.5B |
| YoY | — | — | — | — | +20.0% | +49.6% | +61.8% | +9.0% |
| Marketable securities (current) | $35.2B | $23.5B | $20.3B | $19.1B | $18.8B | $21.6B | $22.9B | $22.9B |
| YoY | — | — | — | — | -46.7% | -8.0% | +12.8% | +19.6% |
| Accounts receivable | $33.4B | $29.6B | $26.1B | $27.6B | $39.8B | $39.9B | $30.3B | $31.4B |
| YoY | — | — | — | — | +19.1% | +34.7% | +16.1% | +13.9% |
| Inventory | $7.3B | $6.9B | $6.3B | $5.9B | $5.7B | $5.9B | $6.7B | $11.1B |
| YoY | — | — | — | — | -21.5% | -15.0% | +7.6% | +87.2% |
| Total current assets | $153.0B | $133.2B | $118.7B | $122.5B | $148.0B | $158.1B | $144.1B | $149.8B |
| YoY | — | — | — | — | -3.3% | +18.7% | +21.4% | +22.3% |
| Total assets | $365.0B | $344.1B | $331.2B | $331.5B | $359.2B | $379.3B | $371.1B | $383.3B |
| YoY | — | — | — | — | -1.6% | +10.2% | +12.0% | +15.6% |
| Total current liabilities | $176.4B | $144.4B | $144.6B | $141.1B | $165.6B | $162.4B | $134.6B | $149.3B |
| YoY | — | — | — | — | -6.1% | +12.5% | -6.9% | +5.8% |
| Total liabilities | $308.0B | $277.3B | $264.4B | $265.7B | $285.5B | $291.1B | $264.6B | $275.7B |
| YoY | — | — | — | — | -7.3% | +5.0% | +0.1% | +3.8% |
| Total equity | $57.0B | $66.8B | $66.8B | $65.8B | $73.7B | $88.2B | $106.5B | $107.5B |
| YoY | — | — | — | — | +29.5% | +32.1% | +59.4% | +63.3% |
| Shares outstanding | 15.12B | 15.04B | 14.94B | 14.86B | 14.77B | 14.70B | 14.67B | 14.61B |
| YoY | — | — | — | — | -2.3% | -2.2% | -1.8% | -1.7% |
Cash flow
Quarterly values derived from year-to-date filings (Q4 from the 10-K). Free cash flow = operating cash flow − capital expenditures.
| Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $26.8B | $29.9B | $24.0B | $27.9B | $29.7B | $53.9B | $28.7B | $34.4B |
| YoY | — | — | — | — | +10.9% | +80.1% | +19.8% | +23.3% |
| Capital expenditures | $2.9B | $2.9B | $3.1B | $3.5B | $3.2B | $2.4B | $2.0B | $2.5B |
| YoY | — | — | — | — | +11.5% | -19.3% | -35.8% | -29.1% |
| Free cash flow | $23.9B | $27.0B | $20.9B | $24.4B | $26.5B | $51.6B | $26.7B | $31.9B |
| YoY | — | — | — | — | +10.8% | +91.0% | +28.0% | +30.8% |
| Dividends paid | $3.8B | $3.9B | $3.8B | $3.9B | $3.9B | $3.9B | $3.8B | $4.0B |
| YoY | — | — | — | — | +1.5% | +1.7% | +1.7% | +2.3% |
| Share repurchases | $25.1B | $23.6B | $25.9B | $21.1B | $20.1B | $24.7B | $12.3B | $25.1B |
| YoY | — | — | — | — | -19.7% | +4.6% | -52.6% | +19.1% |
Margins & ratios
Derived from the reported dollars above — no separate source.
| Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 46.2% | 46.9% | 47.1% | 46.5% | 47.2% | 48.2% | 49.3% | 50.1% |
| Operating margin | 31.2% | 34.5% | 31.0% | 30.0% | 31.6% | 35.4% | 32.3% | 32.6% |
| Net margin | 15.5% | 29.2% | 26.0% | 24.9% | 26.8% | 29.3% | 26.6% | 27.2% |
| Free cash flow margin | 25.2% | 21.7% | 21.9% | 26.0% | 25.8% | 35.9% | 24.0% | 29.2% |
| Effective tax rate | 50.2% | 14.7% | 15.5% | 16.4% | 16.3% | 17.5% | 17.5% | 17.9% |
| Current ratio | 0.87x | 0.92x | 0.82x | 0.87x | 0.89x | 0.97x | 1.07x | 1.00x |
| Total liabilities / equity | 5.41x | 4.15x | 3.96x | 4.04x | 3.87x | 3.30x | 2.48x | 2.56x |
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.