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 | $23.1B | $25.8B | $26.5B | $27.2B | $28.4B |
| YoY | — | +11.8% | +2.8% | +2.5% | +4.4% |
| Cost of goods sold | $12.1B | $13.8B | $14.1B | $14.3B | $14.6B |
| YoY | — | +13.5% | +2.5% | +1.0% | +2.0% |
| Gross profit | $10.9B | $12.0B | $12.4B | $12.9B | $13.8B |
| YoY | — | +9.9% | +3.3% | +4.1% | +7.1% |
| Research & development | $2.5B | $2.8B | $3.1B | $3.2B | $3.6B |
| YoY | — | +11.5% | +11.9% | +4.2% | +10.4% |
| Selling, general & administrative | — | — | $1.6B | $1.8B | $1.8B |
| YoY | — | — | — | +10.4% | -1.6% |
| Operating income | $6.9B | $7.8B | $7.7B | $7.9B | $8.3B |
| YoY | — | +13.0% | -1.7% | +2.8% | +5.4% |
| Pretax income | $6.8B | $7.6B | $7.7B | $8.2B | $9.3B |
| YoY | — | +12.2% | +1.5% | +5.7% | +13.7% |
| Income tax | $883.0M | $1.1B | $860.0M | $975.0M | $2.3B |
| YoY | — | +21.6% | -19.9% | +13.4% | +133.1% |
| Net income | $5.9B | $6.5B | $6.9B | $7.2B | $7.0B |
| YoY | — | +10.8% | +5.1% | +4.7% | -2.5% |
| EPS — basic | $6.47 | $7.49 | $8.16 | $8.68 | $8.71 |
| YoY | — | +15.8% | +8.9% | +6.4% | +0.3% |
| EPS — diluted | $6.40 | $7.44 | $8.11 | $8.61 | $8.66 |
| YoY | — | +16.2% | +9.0% | +6.2% | +0.6% |
| Weighted shares — basic | 910.0M | 871.0M | 840.0M | 827.0M | 804.0M |
| Weighted shares — diluted | 919.0M | 877.0M | 845.0M | 834.0M | 808.0M |
Balance sheet
Point-in-time values at each quarter (or fiscal year) end.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Cash & equivalents | $5.0B | $2.0B | $6.1B | $8.0B | $7.2B |
| YoY | — | -60.1% | +207.4% | +30.8% | -9.7% |
| Marketable securities (current) | — | — | — | — | — |
| YoY | — | — | — | — | — |
| Accounts receivable | $5.0B | $6.1B | $5.2B | $5.2B | $5.2B |
| YoY | — | +22.5% | -14.9% | +1.3% | -0.9% |
| Inventory | $4.3B | $5.9B | $5.7B | $5.4B | $5.9B |
| YoY | — | +37.7% | -3.5% | -5.3% | +9.1% |
| Total current assets | $16.1B | $15.9B | $19.1B | $21.2B | $20.9B |
| YoY | — | -1.1% | +20.2% | +10.8% | -1.6% |
| Total assets | $25.8B | $26.7B | $30.7B | $34.4B | $36.3B |
| YoY | — | +3.5% | +15.0% | +12.0% | +5.5% |
| Total current liabilities | $6.3B | $7.4B | $7.4B | $8.5B | $8.0B |
| YoY | — | +16.3% | -0.1% | +14.9% | -5.5% |
| Total liabilities | $13.6B | $14.5B | $14.4B | $15.4B | $15.9B |
| YoY | — | +7.0% | -1.0% | +7.1% | +3.1% |
| Total equity | $12.2B | $12.2B | $16.3B | $19.0B | $20.4B |
| YoY | — | -0.4% | +34.1% | +16.2% | +7.4% |
| Shares outstanding | 892.0M | 844.0M | 833.0M | 818.0M | 793.0M |
| YoY | — | -5.4% | -1.3% | -1.8% | -3.1% |
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 | $5.4B | $5.4B | $8.7B | $8.7B | $8.0B |
| YoY | — | -0.8% | +61.1% | -0.3% | -8.3% |
| Capital expenditures | $668.0M | $787.0M | $1.1B | $1.2B | $2.3B |
| YoY | — | +17.8% | +40.5% | +7.6% | +89.9% |
| Free cash flow | $4.8B | $4.6B | $7.6B | $7.5B | $5.7B |
| YoY | — | -3.4% | +64.7% | -1.4% | -23.9% |
| Dividends paid | $838.0M | $873.0M | $975.0M | $1.2B | $1.4B |
| YoY | — | +4.2% | +11.7% | +22.3% | +16.1% |
| Share repurchases | $3.8B | $6.1B | $2.2B | $3.8B | $4.9B |
| YoY | — | +62.7% | -64.1% | +74.6% | +28.0% |
Margins & ratios
Derived from the reported dollars above — no separate source.
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Gross margin | 47.3% | 46.5% | 46.7% | 47.5% | 48.7% |
| Operating margin | 29.9% | 30.2% | 28.9% | 28.9% | 29.2% |
| Net margin | 25.5% | 25.3% | 25.9% | 26.4% | 24.7% |
| Free cash flow margin | 20.7% | 17.9% | 28.6% | 27.6% | 20.1% |
| Effective tax rate | 13.0% | 14.1% | 11.1% | 12.0% | 24.5% |
| Current ratio | 2.54x | 2.16x | 2.60x | 2.51x | 2.61x |
| Total liabilities / equity | 1.11x | 1.19x | 0.88x | 0.81x | 0.78x |
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 |
|---|---|---|---|---|---|---|
| AMAT FY25 · this stock | $28.4B | +4.4% | 48.7% | 29.2% | 24.7% | 20.1% |
| 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.