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.
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Revenue | $16.5B | $18.0B | $19.2B | $20.6B | $21.9B |
| YoY | — | +9.2% | +6.6% | +7.1% | +6.7% |
| Cost of goods sold | $9.5B | $10.0B | $10.5B | $11.1B | $11.8B |
| YoY | — | +5.2% | +5.3% | +5.9% | +6.0% |
| Gross profit | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Research & development | $798.6M | $844.8M | $955.7M | $988.6M | $1.0B |
| YoY | — | +5.8% | +13.1% | +3.4% | +4.1% |
| Selling, general & administrative | $3.2B | $3.6B | $3.8B | $4.1B | $4.4B |
| YoY | — | +9.8% | +6.4% | +7.2% | +8.8% |
| Operating income | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Pretax income | $3.8B | $4.4B | $4.9B | $5.3B | $5.7B |
| YoY | — | +16.7% | +9.8% | +9.0% | +7.9% |
| Income tax | $855.2M | $1.0B | $1.1B | $1.2B | $1.3B |
| YoY | — | +19.9% | +9.2% | +9.8% | +7.0% |
| Net income | $2.9B | $3.4B | $3.8B | $4.1B | $4.4B |
| YoY | — | +15.7% | +10.0% | +8.7% | +8.2% |
| EPS — basic | $7.04 | $8.25 | $9.14 | $10.02 | $10.97 |
| YoY | — | +17.2% | +10.8% | +9.6% | +9.5% |
| EPS — diluted | $7.00 | $8.21 | $9.10 | $9.98 | $10.94 |
| YoY | — | +17.3% | +10.8% | +9.7% | +9.6% |
| Weighted shares — basic | 418.8M | 413.7M | 410.6M | 407.1M | 402.3M |
| Weighted shares — diluted | 421.1M | 415.7M | 412.2M | 408.7M | 403.3M |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Cash & equivalents | $1.4B | $2.1B | $2.9B | $3.3B | $4.2B |
| YoY | — | +45.1% | +39.8% | +14.9% | +26.4% |
| Marketable securities (current) | $47.0M | $14.7M | $384.0M | $4.5B | $0 |
| YoY | — | -68.7% | +2512.2% | +1071.6% | -100.0% |
| Accounts receivable | $3.2B | $3.0B | $3.4B | $3.6B | $3.5B |
| YoY | — | -5.1% | +13.9% | +4.4% | -1.6% |
| Inventory | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Total current assets | $54.8B | $42.2B | $45.5B | $43.3B | $52.6B |
| YoY | — | -23.1% | +8.0% | -5.0% | +21.5% |
| Total assets | $63.1B | $51.0B | $54.4B | $53.4B | $63.2B |
| YoY | — | -19.2% | +6.7% | -1.8% | +18.4% |
| Total current liabilities | $55.2B | $42.8B | $45.1B | $41.3B | $50.0B |
| YoY | — | -22.5% | +5.4% | -8.4% | +21.2% |
| Total liabilities | $59.8B | $47.5B | $49.8B | $47.2B | $57.2B |
| YoY | — | -20.7% | +5.0% | -5.3% | +21.2% |
| Total equity | $3.2B | $3.5B | $4.5B | $6.2B | $6.0B |
| YoY | — | +8.8% | +29.6% | +36.1% | -2.5% |
| Shares outstanding | 416.1M | 412.1M | 408.1M | 405.3M | 397.8M |
| YoY | — | -1.0% | -1.0% | -0.7% | -1.9% |
Cash flow
Quarterly values derived from year-to-date filings (Q4 from the 10-K). Free cash flow = operating cash flow − capital expenditures.
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Operating cash flow | $3.1B | $4.2B | $4.2B | $4.9B | $5.4B |
| YoY | — | +35.8% | -1.2% | +18.8% | +10.2% |
| Capital expenditures | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Free cash flow | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Dividends paid | $1.7B | $1.9B | $2.2B | $2.4B | $2.6B |
| YoY | — | +14.7% | +14.7% | +9.9% | +9.5% |
| Share repurchases | $2.0B | $1.1B | $1.2B | $1.3B | $2.1B |
| YoY | — | -43.1% | +9.8% | +4.0% | +62.7% |
Margins & ratios
Derived from the reported dollars above — no separate source.
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — |
| Operating margin | — | — | — | — | — |
| Net margin | 17.9% | 18.9% | 19.5% | 19.8% | 20.1% |
| Free cash flow margin | — | — | — | — | — |
| Effective tax rate | 22.5% | 23.1% | 23.0% | 23.2% | 23.0% |
| Current ratio | 0.99x | 0.99x | 1.01x | 1.05x | 1.05x |
| Total liabilities / equity | 18.55x | 13.53x | 10.95x | 7.62x | 9.48x |
Peer comparison — latest full year
Same sector (Industrials), sorted by revenue. All figures from the same EDGAR XBRL snapshot.
| Ticker | Revenue | Revenue YoY | Gross margin | Operating margin | Net margin | FCF margin |
|---|---|---|---|---|---|---|
| ADP FY26 · this stock | $21.9B | +6.7% | — | — | 20.1% | — |
| FDX FY26 | $94.7B | +7.7% | — | 5.8% | 4.7% | — |
| BA FY25 | $89.5B | +34.5% | 4.8% | 4.8% | 2.5% | -2.1% |
| UPS FY25 | $88.7B | -2.6% | — | 8.9% | 6.3% | 5.4% |
| RTX FY25 | $88.6B | +9.7% | — | 10.5% | 7.6% | 9.0% |
| LMT FY25 | $75.0B | +5.6% | 10.2% | 10.3% | 6.7% | — |
| GD FY25 | $52.5B | +10.1% | — | 10.2% | 8.0% | 7.5% |
| UBER FY25 | $52.0B | +18.3% | — | 10.7% | 19.3% | 18.8% |
| GE FY25 | $45.9B | +18.5% | — | — | 19.0% | — |
| DE FY25 | $45.7B | -11.7% | — | — | 11.0% | 13.4% |
| CAT FY10 | $42.6B | +31.5% | — | 9.3% | — | — |
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.