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.
| Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.8B | $2.7B | $3.7B | $3.2B | $3.4B | $3.6B | $4.8B | $4.0B |
| YoY | — | — | — | — | +19.9% | +33.6% | +27.7% | +24.2% |
| Cost of goods sold | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Selling, general & administrative | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Operating income | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Pretax income | $403.3M | $333.4M | $873.0M | $473.0M | $346.9M | $180.0M | $1.0B | $414.0M |
| YoY | — | — | — | — | -14.0% | -46.0% | +19.5% | -12.5% |
| Income tax | $89.2M | $74.6M | $164.0M | $105.0M | $73.3M | $25.7M | $220.0M | $90.0M |
| YoY | — | — | — | — | -17.8% | -65.5% | +34.1% | -14.3% |
| Net income | $312.6M | $258.6M | $704.0M | $368.0M | $272.7M | $151.1M | $822.0M | $324.0M |
| YoY | — | — | — | — | -12.8% | -41.6% | +16.8% | -12.0% |
| EPS — basic | $1.43 | — | $2.76 | $1.43 | $1.06 | — | $3.20 | $1.26 |
| YoY | — | — | — | — | -25.9% | — | +15.9% | -11.9% |
| EPS — diluted | $1.39 | — | $2.72 | $1.40 | $1.04 | — | $3.16 | $1.25 |
| YoY | — | — | — | — | -25.2% | — | +16.2% | -10.7% |
| Weighted shares — basic | 219.3M | — | 254.8M | 256.2M | 256.6M | — | 257.1M | 256.7M |
| Weighted shares — diluted | — | — | — | — | — | — | — | — |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | $4.0B | $3.9B | $4.5B | $4.7B | $5.4B | $5.2B | $6.0B | $6.1B |
| YoY | — | — | — | — | +36.0% | +32.8% | +31.9% | +28.2% |
| Inventory | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total current assets | $37.3B | $44.1B | $53.4B | $57.8B | $43.0B | $34.4B | $42.0B | $45.5B |
| YoY | — | — | — | — | +15.4% | -22.1% | -21.4% | -21.4% |
| Total assets | $57.2B | $64.3B | $74.1B | $80.1B | $79.1B | $70.7B | $78.3B | $81.8B |
| YoY | — | — | — | — | +38.1% | +10.0% | +5.7% | +2.1% |
| Total current liabilities | $35.2B | $29.3B | $37.0B | $42.5B | $40.8B | $32.5B | $39.5B | $43.2B |
| YoY | — | — | — | — | +15.8% | +11.1% | +6.7% | +1.5% |
| Total liabilities | $45.0B | $44.1B | $51.7B | $57.1B | $55.8B | $47.3B | $54.5B | $58.1B |
| YoY | — | — | — | — | +24.0% | +7.4% | +5.3% | +1.7% |
| Total equity | $12.2B | $20.2B | $22.3B | $23.0B | $23.2B | $23.3B | $23.8B | $23.7B |
| YoY | — | — | — | — | +90.5% | +15.7% | +6.5% | +3.0% |
| Shares outstanding | 219.4M | 250.0M | 256.1M | 256.4M | 256.8M | 257.0M | 256.9M | 256.3M |
| YoY | — | — | — | — | +17.0% | +2.8% | +0.3% | -0.0% |
Cash flow
Quarterly values derived from year-to-date filings (Q4 from the 10-K). Free cash flow = operating cash flow − capital expenditures.
| Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $934.8M | $739.4M | $872.0M | $-424.0M | $729.0M | $753.0M | $957.0M | $10.0M |
| YoY | — | — | — | — | -22.0% | +1.8% | +9.7% | +102.4% |
| Capital expenditures | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Free cash flow | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | $0 | $0 | — | — | $310.0M | $170.0M |
| YoY | — | — | — | — | — | — | — | — |
Margins & ratios
Derived from the reported dollars above — no separate source.
| Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — | — | — | — |
| Operating margin | — | — | — | — | — | — | — | — |
| Net margin | 11.1% | 9.5% | 18.9% | 11.4% | 8.1% | 4.2% | 17.3% | 8.1% |
| Free cash flow margin | — | — | — | — | — | — | — | — |
| Effective tax rate | 22.1% | 22.4% | 18.8% | 22.2% | 21.1% | 14.3% | 21.1% | 21.7% |
| Current ratio | 1.06x | 1.51x | 1.44x | 1.36x | 1.06x | 1.06x | 1.06x | 1.05x |
| Total liabilities / equity | 3.70x | 2.19x | 2.32x | 2.48x | 2.41x | 2.03x | 2.29x | 2.45x |
Peer comparison — latest full year
Same sector (Financials), sorted by revenue. All figures from the same EDGAR XBRL snapshot.
| Ticker | Revenue | Revenue YoY | Gross margin | Operating margin | Net margin | FCF margin |
|---|---|---|---|---|---|---|
| AJG FY25 · this stock | $13.9B | +20.7% | — | — | 10.7% | — |
| JPM FY25 | $182.4B | +2.8% | — | — | 31.3% | — |
| BAC FY25 | $113.1B | +6.8% | — | — | 27.0% | — |
| PGR FY25 | $87.7B | +16.3% | — | — | 12.9% | 19.6% |
| C FY25 | $85.2B | +5.6% | — | — | 16.8% | -87.0% |
| WFC FY25 | $83.7B | +1.7% | — | — | 25.5% | — |
| MS FY25 | $70.6B | +14.4% | — | — | 23.9% | — |
| CB FY25 | $59.4B | +6.5% | — | — | 17.4% | — |
| GS FY25 | $58.3B | +8.9% | — | — | 29.5% | -81.0% |
| AXP FY25 | $41.3B | +6.4% | — | — | 26.2% | 38.7% |
| V FY25 | $40.0B | +11.3% | — | 60.0% | 50.1% | — |
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.