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 | $5.6B | $5.7B | $5.9B | $6.0B | $6.2B | $6.4B | $6.6B | $6.8B |
| YoY | — | — | — | — | +10.5% | +12.0% | +12.7% | +12.9% |
| Cost of goods sold | $616.0M | $622.0M | $638.0M | $642.0M | $649.0M | $664.0M | $715.0M | $763.0M |
| YoY | — | — | — | — | +5.4% | +6.8% | +12.1% | +18.8% |
| Gross profit | $5.0B | $5.1B | $5.2B | $5.3B | $5.5B | $5.7B | $5.9B | $6.0B |
| YoY | — | — | — | — | +11.1% | +12.6% | +12.8% | +12.2% |
| Research & development | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Selling, general & administrative | $2.0B | $1.9B | $2.0B | $2.0B | $2.1B | $2.2B | $2.4B | $2.3B |
| YoY | — | — | — | — | +7.9% | +16.6% | +21.3% | +13.1% |
| Operating income | $2.0B | $2.2B | $2.1B | $2.2B | $2.3B | $2.4B | $2.2B | $2.4B |
| YoY | — | — | — | — | +15.5% | +11.8% | +6.1% | +8.3% |
| Pretax income | $2.0B | $2.2B | $2.1B | $2.2B | $2.3B | $2.4B | $2.2B | $2.4B |
| YoY | — | — | — | — | +13.7% | +11.0% | +6.5% | +7.8% |
| Income tax | $308.0M | $371.0M | $410.0M | $415.0M | $408.0M | $533.0M | $526.0M | $530.0M |
| YoY | — | — | — | — | +32.5% | +43.7% | +28.3% | +27.7% |
| Net income | $1.7B | $1.8B | $1.7B | $1.8B | $1.9B | $1.9B | $1.7B | $1.8B |
| YoY | — | — | — | — | +10.3% | +4.3% | +1.2% | +3.1% |
| EPS — basic | — | $4.15 | $3.95 | $4.18 | — | $4.60 | $4.26 | $4.63 |
| YoY | — | — | — | — | — | +10.8% | +7.8% | +10.8% |
| EPS — diluted | — | $4.14 | $3.94 | $4.18 | — | $4.60 | $4.25 | $4.62 |
| YoY | — | — | — | — | — | +11.1% | +7.9% | +10.5% |
| Weighted shares — basic | — | 436.2M | 428.2M | 423.5M | — | 410.2M | 402.4M | 395.0M |
| Weighted shares — diluted | — | 437.6M | 428.9M | 424.1M | — | 410.8M | 402.5M | 395.5M |
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 | $7.6B | $6.8B | $4.9B | $5.0B | $5.4B | $6.3B | $4.9B | $4.4B |
| YoY | — | — | — | — | -28.7% | -6.3% | -0.2% | -12.5% |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | $2.1B | $2.0B | $1.7B | $2.1B | $2.3B | $2.1B | $2.0B | $2.1B |
| YoY | — | — | — | — | +13.1% | +6.0% | +14.9% | -0.6% |
| Inventory | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total current assets | $11.2B | $10.9B | $9.0B | $9.4B | $10.2B | $10.4B | $9.1B | $9.2B |
| YoY | — | — | — | — | -9.5% | -4.3% | +1.0% | -2.7% |
| Total assets | $30.2B | $30.0B | $28.1B | $28.8B | $29.5B | $29.7B | $29.9B | $30.0B |
| YoY | — | — | — | — | -2.4% | -0.8% | +6.5% | +4.3% |
| Total current liabilities | $10.5B | $9.2B | $9.0B | $9.2B | $10.2B | $11.4B | $12.1B | $11.9B |
| YoY | — | — | — | — | -3.1% | +24.3% | +33.6% | +28.7% |
| Total liabilities | $16.1B | $16.9B | $16.7B | $17.0B | $17.9B | $18.3B | $18.4B | $18.2B |
| YoY | — | — | — | — | +10.8% | +8.4% | +10.5% | +7.3% |
| Total equity | $14.1B | $13.1B | $11.4B | $11.8B | $11.6B | $11.4B | $11.5B | $11.8B |
| YoY | — | — | — | — | -17.6% | -12.7% | +0.6% | -0.1% |
| Shares outstanding | 441.0M | 435.0M | 427.0M | 420.0M | 413.0M | 406.0M | 399.0M | 391.0M |
| YoY | — | — | — | — | -6.3% | -6.7% | -6.6% | -6.9% |
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 | $2.9B | $2.5B | $2.2B | $2.2B | $3.2B | $3.0B | $2.2B | $2.5B |
| YoY | — | — | — | — | +8.2% | +19.2% | -1.2% | +14.8% |
| Capital expenditures | $48.0M | $26.0M | $47.0M | $72.0M | $34.0M | $37.0M | $58.0M | $85.0M |
| YoY | — | — | — | — | -29.2% | +42.3% | +23.4% | +18.1% |
| Free cash flow | $2.9B | $2.5B | $2.1B | $2.1B | $3.1B | $2.9B | $2.1B | $2.4B |
| YoY | — | — | — | — | +8.8% | +18.9% | -1.7% | +14.7% |
| Dividends paid | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Share repurchases | $2.5B | $3.2B | $3.5B | $2.1B | $2.5B | $2.5B | $2.1B | $2.2B |
| YoY | — | — | — | — | -1.0% | -23.8% | -39.7% | +8.5% |
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 | 89.0% | 89.1% | 89.1% | 89.3% | 89.5% | 89.6% | 89.2% | 88.7% |
| Operating margin | 34.9% | 37.9% | 35.9% | 36.3% | 36.5% | 37.8% | 33.8% | 34.8% |
| Net margin | 30.0% | 31.7% | 28.8% | 29.6% | 30.0% | 29.5% | 25.9% | 27.0% |
| Free cash flow margin | 51.2% | 43.0% | 36.5% | 35.5% | 50.5% | 45.7% | 31.8% | 36.1% |
| Effective tax rate | 15.5% | 17.0% | 19.5% | 19.0% | 18.0% | 22.0% | 23.5% | 22.5% |
| Current ratio | 1.07x | 1.18x | 0.99x | 1.02x | 1.00x | 0.91x | 0.75x | 0.77x |
| Total liabilities / equity | 1.14x | 1.29x | 1.46x | 1.44x | 1.54x | 1.60x | 1.60x | 1.55x |
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.