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.
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 | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Cost of goods sold | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Research & development | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Selling, general & administrative | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Operating income | $-143.0M | $917.0M | $865.0M | $739.0M | $767.0M | $718.0M | $1.1B | $1.3B |
| YoY | — | — | — | — | +636.4% | -21.7% | +22.0% | +73.2% |
| Pretax income | $-340.0M | $500.0M | $763.0M | $1.0B | $511.0M | $489.0M | $830.0M | $1.3B |
| YoY | — | — | — | — | +250.3% | -2.2% | +8.8% | +24.2% |
| Income tax | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Net income | $-223.0M | — | $347.0M | $603.0M | $205.0M | — | $446.0M | $747.0M |
| YoY | — | — | — | — | +191.9% | — | +28.5% | +23.9% |
| EPS — basic | $-0.60 | — | $0.96 | $1.67 | $0.57 | — | $1.26 | $2.11 |
| YoY | — | — | — | — | +195.0% | — | +31.3% | +26.3% |
| EPS — diluted | $-0.60 | — | $0.96 | $1.67 | $0.57 | — | $1.26 | $2.11 |
| YoY | — | — | — | — | +195.0% | — | +31.3% | +26.3% |
| Weighted shares — basic | 370.0M | — | 364.0M | 361.0M | 357.0M | — | 354.0M | 353.0M |
| Weighted shares — diluted | 370.0M | — | 364.0M | 361.0M | 358.0M | — | 354.0M | 354.0M |
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 | $64.0M | $625.0M | $67.0M | $107.0M | $475.0M | $516.0M | $293.0M | $444.0M |
| YoY | — | — | — | — | +642.2% | -17.4% | +337.3% | +315.0% |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | $1.7B | $2.0B | $1.8B | $1.5B | $1.0B | $1.1B | $1.5B | $1.2B |
| YoY | — | — | — | — | -38.6% | -45.8% | -20.1% | -19.0% |
| Inventory | $501.0M | $425.0M | $397.0M | $386.0M | $361.0M | $351.0M | $334.0M | $371.0M |
| YoY | — | — | — | — | -27.9% | -17.4% | -15.9% | -3.9% |
| Total current assets | $3.6B | $3.4B | $2.4B | $2.3B | $2.0B | $2.1B | $2.3B | $2.3B |
| YoY | — | — | — | — | -45.5% | -37.7% | -6.3% | -0.5% |
| Total assets | $19.4B | $19.4B | $18.5B | $18.1B | $17.7B | $17.8B | $18.1B | $18.0B |
| YoY | — | — | — | — | -8.7% | -8.4% | -2.4% | -0.6% |
| Total current liabilities | $2.9B | $3.0B | $2.8B | $2.8B | $2.5B | $2.6B | $2.5B | $2.4B |
| YoY | — | — | — | — | -13.0% | -13.0% | -9.8% | -15.4% |
| Total liabilities | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Total equity | $5.1B | $5.3B | $5.4B | $5.9B | $6.0B | $6.1B | $6.5B | $7.0B |
| YoY | — | — | — | — | +16.6% | +15.4% | +18.8% | +18.9% |
| Shares outstanding | — | 365.4M | — | — | — | 353.0M | — | — |
| YoY | — | — | — | — | — | -3.4% | — | — |
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 | $1.3B | $1.0B | $1.1B | $1.2B | $1.5B | $808.0M | $554.0M | $1.7B |
| YoY | — | — | — | — | +9.0% | -22.0% | -49.5% | +44.5% |
| Capital expenditures | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Free cash flow | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| 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 | — | — | — | — | — | — | — | — |
| Operating margin | — | — | — | — | — | — | — | — |
| Net margin | — | — | — | — | — | — | — | — |
| Free cash flow margin | — | — | — | — | — | — | — | — |
| Effective tax rate | — | — | — | — | — | — | — | — |
| Current ratio | 1.24x | 1.15x | 0.89x | 0.80x | 0.78x | 0.82x | 0.92x | 0.95x |
| Total liabilities / equity | — | — | — | — | — | — | — | — |
Peer comparison — latest full year
Same sector (Energy), sorted by revenue. All figures from the same EDGAR XBRL snapshot.
| Ticker | Revenue | Revenue YoY | Gross margin | Operating margin | Net margin | FCF margin |
|---|---|---|---|---|---|---|
| APA FY25 · this stock | — | — | — | — | — | — |
| XOM FY25 | $332.2B | -5.0% | — | — | 8.7% | 7.1% |
| CVX FY25 | $189.0B | -6.8% | — | — | 6.5% | — |
| MPC FY25 | $132.7B | -4.4% | — | 6.2% | 3.0% | 3.6% |
| PSX FY25 | $132.4B | -7.5% | — | — | 3.3% | — |
| COP FY25 | $58.9B | +7.7% | — | — | 13.6% | — |
| SLB FY25 | $35.7B | -1.6% | — | — | 9.4% | 13.4% |
| OKE FY25 | $33.6B | +55.0% | — | 17.1% | 10.1% | 7.3% |
| BKR FY25 | $27.7B | -0.3% | — | — | 9.3% | — |
| OXY FY23 | $23.2B | -36.8% | — | — | — | 28.6% |
| EOG FY25 | $22.6B | -4.5% | — | 28.2% | 22.0% | — |
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.