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 | $1.4B | $1.2B | $1.1B | $1.3B | $1.3B | $1.4B | $1.4B | $1.7B |
| YoY | — | — | — | — | -3.5% | +15.9% | +32.7% | +31.1% |
| Cost of goods sold | $1.5B | $1.1B | $920.6M | $1.1B | $1.2B | $1.2B | $927.8M | $1.2B |
| YoY | — | — | — | — | -18.4% | +12.5% | +0.8% | +1.8% |
| Gross profit | $-104.0M | $138.2M | $156.3M | $196.9M | $117.6M | $197.9M | $501.0M | $590.3M |
| YoY | — | — | — | — | +213.1% | +43.2% | +220.5% | +199.8% |
| Research & development | $22.4M | $20.0M | $14.1M | $12.4M | $12.7M | $12.2M | $9.2M | $3.7M |
| YoY | — | — | — | — | -43.3% | -39.0% | -34.8% | -70.2% |
| Selling, general & administrative | $154.3M | $136.0M | $123.5M | $132.5M | $138.6M | $155.5M | $137.4M | $126.4M |
| YoY | — | — | — | — | -10.2% | +14.3% | +11.3% | -4.6% |
| Operating income | $-1.1B | $4.4M | $19.8M | $47.5M | $-217.0M | $-217.4M | $233.5M | $452.9M |
| YoY | — | — | — | — | +80.4% | -5040.9% | +1079.3% | +853.5% |
| Pretax income | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Income tax | $110.9M | $10.6M | $-4.0M | $34.1M | $-30.6M | $157.3M | $21.5M | $94.0M |
| YoY | — | — | — | — | -127.6% | +1384.0% | +637.5% | +175.7% |
| Net income | $-1.1B | $75.3M | $41.3M | $22.9M | $-160.7M | $-414.2M | $319.1M | $480.0M |
| YoY | — | — | — | — | +85.0% | -650.1% | +672.6% | +1996.1% |
| EPS — basic | $-9.45 | — | $0.00 | $-0.16 | $-1.72 | — | $2.35 | $3.72 |
| YoY | — | — | — | — | +81.8% | — | — | +2425.0% |
| EPS — diluted | $-9.45 | — | $0.00 | $-0.16 | $-1.72 | — | $2.34 | $3.52 |
| YoY | — | — | — | — | +81.8% | — | — | +2300.0% |
| Weighted shares — basic | 117.5M | — | 117.6M | 117.7M | 117.7M | — | 117.9M | 118.0M |
| Weighted shares — diluted | 117.5M | — | 117.6M | 117.7M | 117.7M | — | 118.6M | 136.2M |
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 | $1.7B | $1.2B | $1.5B | $1.8B | $1.9B | $1.6B | $1.1B | $1.6B |
| YoY | — | — | — | — | +16.1% | +35.7% | -28.2% | -9.7% |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | $749.8M | $742.2M | $670.8M | $766.4M | $733.5M | $593.5M | $522.7M | $603.8M |
| YoY | — | — | — | — | -2.2% | -20.0% | -22.1% | -21.2% |
| Inventory | $1.7B | $1.5B | $1.7B | $1.6B | $1.5B | $1.2B | $1.3B | $1.4B |
| YoY | — | — | — | — | -7.5% | -21.5% | -18.7% | -15.6% |
| Total current assets | $4.7B | $3.8B | $4.1B | $4.5B | $4.6B | $4.0B | $3.3B | $3.9B |
| YoY | — | — | — | — | -2.5% | +4.3% | -20.6% | -12.5% |
| Total assets | $17.5B | $16.6B | $17.0B | $17.3B | $17.1B | $16.4B | $15.1B | $15.9B |
| YoY | — | — | — | — | -1.8% | -1.4% | -10.9% | -8.0% |
| Total current liabilities | $1.9B | $2.0B | $1.9B | $1.9B | $2.0B | $1.8B | $1.6B | $1.9B |
| YoY | — | — | — | — | +4.9% | -8.6% | -19.0% | -3.0% |
| Total liabilities | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total equity | $10.2B | $10.0B | $10.0B | $10.2B | $10.0B | $9.5B | $9.9B | $10.3B |
| YoY | — | — | — | — | -2.4% | -4.3% | -1.8% | +0.3% |
| Shares outstanding | 117.5M | 117.6M | 117.7M | 117.7M | 117.7M | 117.7M | 117.9M | 118.0M |
| YoY | — | — | — | — | +0.2% | +0.1% | +0.2% | +0.3% |
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 | $227.1M | $-4.4M | $547.2M | $-9.0M | $355.6M | $388.5M | $346.2M | $710.0M |
| YoY | — | — | — | — | +56.6% | +8929.5% | -36.7% | +7988.9% |
| Capital expenditures | $303.1M | $342.8M | $182.6M | $119.6M | $132.2M | $155.4M | $98.7M | $71.7M |
| YoY | — | — | — | — | -56.4% | -54.7% | -45.9% | -40.1% |
| Free cash flow | $-76.0M | $-347.2M | $364.6M | $-128.6M | $223.4M | $233.1M | $247.5M | $638.3M |
| YoY | — | — | — | — | +393.9% | +167.1% | -32.1% | +596.3% |
| Dividends paid | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Share repurchases | — | — | — | — | — | — | — | — |
| 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 | -7.7% | 11.2% | 14.5% | 14.8% | 9.0% | 13.9% | 35.1% | 33.9% |
| Operating margin | -81.8% | 0.4% | 1.8% | 3.6% | -16.6% | -15.2% | 16.3% | 26.0% |
| Net margin | -78.9% | 6.1% | 3.8% | 1.7% | -12.3% | -29.0% | 22.3% | 27.5% |
| Free cash flow margin | -5.6% | -28.2% | 33.9% | -9.7% | 17.1% | 16.3% | 17.3% | 36.6% |
| Effective tax rate | — | — | — | — | — | — | — | — |
| Current ratio | 2.44x | 1.95x | 2.11x | 2.31x | 2.27x | 2.23x | 2.07x | 2.09x |
| Total liabilities / equity | — | — | — | — | — | — | — | — |
Peer comparison — latest full year
Same sector (Materials), sorted by revenue. All figures from the same EDGAR XBRL snapshot.
| Ticker | Revenue | Revenue YoY | Gross margin | Operating margin | Net margin | FCF margin |
|---|---|---|---|---|---|---|
| ALB FY25 · this stock | $5.1B | -4.4% | 13.0% | -7.1% | -9.9% | 13.5% |
| DOW FY25 | $40.0B | -7.0% | — | — | — | — |
| LIN FY25 | $34.0B | +3.0% | — | 26.3% | 20.3% | 15.0% |
| NUE FY25 | $32.5B | +5.7% | — | — | 5.4% | -0.6% |
| FCX FY25 | $25.9B | +1.8% | — | 25.2% | — | — |
| SHW FY25 | $23.6B | +2.1% | 48.8% | — | 10.9% | — |
| NEM FY25 | $22.7B | +21.3% | — | — | 31.3% | — |
| STLD FY25 | $18.2B | +3.6% | 13.2% | 8.1% | 6.5% | 2.8% |
| CTVA FY25 | $17.4B | +2.9% | — | — | 6.3% | — |
| ECL FY25 | $16.1B | +2.2% | — | 17.0% | 12.9% | 11.8% |
| PPG FY25 | $15.9B | +0.2% | — | — | 9.9% | 7.3% |
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.