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 | $15.8B | $17.6B | $19.4B | $21.5B | $23.8B |
| YoY | — | +11.5% | +10.2% | +10.8% | +10.5% |
| Cost of goods sold | $1.9B | $2.2B | $2.4B | $2.4B | $2.6B |
| YoY | — | +16.1% | +8.7% | +0.2% | +8.2% |
| Gross profit | $13.9B | $15.4B | $17.1B | $19.1B | $21.2B |
| YoY | — | +10.9% | +10.5% | +12.3% | +10.8% |
| Research & development | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Selling, general & administrative | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Operating income | $5.8B | $6.1B | $6.7B | $6.7B | $8.7B |
| YoY | — | +5.1% | +9.1% | +1.4% | +29.1% |
| Pretax income | $5.7B | $6.0B | $6.8B | $6.9B | $8.7B |
| YoY | — | +5.3% | +13.2% | +1.9% | +26.0% |
| Income tax | $883.0M | $1.3B | $1.4B | $1.4B | $1.6B |
| YoY | — | +41.8% | +9.5% | +0.0% | +17.0% |
| Net income | $4.8B | $4.8B | $5.4B | $5.6B | $7.1B |
| YoY | — | -1.4% | +14.1% | +2.4% | +28.2% |
| EPS — basic | $10.10 | $10.13 | $11.87 | $12.43 | $16.73 |
| YoY | — | +0.3% | +17.2% | +4.7% | +34.6% |
| EPS — diluted | $10.02 | $10.10 | $11.82 | $12.36 | $16.70 |
| YoY | — | +0.8% | +17.0% | +4.6% | +35.1% |
| Weighted shares — basic | 477.3M | 469.5M | 457.1M | 447.1M | 426.2M |
| Weighted shares — diluted | 481.0M | 470.9M | 459.1M | 449.7M | 427.0M |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Cash & equivalents | $3.8B | $4.2B | $7.1B | $7.6B | $5.4B |
| YoY | — | +10.2% | +68.6% | +6.6% | -28.7% |
| Marketable securities (current) | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Accounts receivable | $1.9B | $2.1B | $2.2B | $2.1B | $2.3B |
| YoY | — | +10.0% | +7.7% | -6.8% | +13.1% |
| Inventory | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Total current assets | $8.7B | $9.0B | $11.1B | $11.2B | $10.2B |
| YoY | — | +3.8% | +23.2% | +1.3% | -9.5% |
| Total assets | $27.2B | $27.2B | $29.8B | $30.2B | $29.5B |
| YoY | — | -0.3% | +9.6% | +1.5% | -2.4% |
| Total current liabilities | $6.9B | $8.1B | $8.3B | $10.5B | $10.2B |
| YoY | — | +17.3% | +1.5% | +27.5% | -3.1% |
| Total liabilities | $12.4B | $13.1B | $13.3B | $16.1B | $17.9B |
| YoY | — | +5.4% | +1.1% | +21.6% | +10.8% |
| Total equity | $14.8B | $14.1B | $16.5B | $14.1B | $11.6B |
| YoY | — | -5.0% | +17.6% | -14.6% | -17.6% |
| Shares outstanding | 475.0M | 462.0M | 455.0M | 441.0M | 413.0M |
| YoY | — | -2.7% | -1.5% | -3.1% | -6.3% |
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 | $7.2B | $7.8B | $7.3B | $8.1B | $10.0B |
| YoY | — | +8.4% | -6.8% | +10.3% | +24.5% |
| Capital expenditures | $348.0M | $442.0M | $360.0M | $183.0M | $179.0M |
| YoY | — | +27.0% | -18.6% | -49.2% | -2.2% |
| Free cash flow | $6.9B | $7.4B | $6.9B | $7.9B | $9.9B |
| YoY | — | +7.5% | -6.1% | +13.4% | +25.1% |
| Dividends paid | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Share repurchases | $4.0B | $6.5B | $4.4B | $9.5B | $11.3B |
| YoY | — | +65.8% | -32.8% | +115.9% | +18.7% |
Margins & ratios
Derived from the reported dollars above — no separate source.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Gross margin | 88.2% | 87.7% | 87.9% | 89.0% | 89.3% |
| Operating margin | 36.8% | 34.6% | 34.3% | 31.3% | 36.6% |
| Net margin | 30.5% | 27.0% | 28.0% | 25.9% | 30.0% |
| Free cash flow margin | 43.6% | 42.0% | 35.8% | 36.6% | 41.4% |
| Effective tax rate | 15.5% | 20.8% | 20.2% | 19.8% | 18.4% |
| Current ratio | 1.25x | 1.11x | 1.34x | 1.07x | 1.00x |
| Total liabilities / equity | 0.84x | 0.93x | 0.80x | 1.14x | 1.54x |
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 |
|---|---|---|---|---|---|---|
| ADBE FY25 · this stock | $23.8B | +10.5% | 89.3% | 36.6% | 30.0% | 41.4% |
| AAPL FY25 | $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% | — |
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.