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 | $16.1B | $16.2B | $14.2B | $16.6B | $17.6B | $19.1B | $17.4B | $20.5B |
| YoY | — | — | — | — | +9.5% | +18.0% | +22.2% | +24.0% |
| Cost of goods sold | $10.1B | $10.3B | $9.0B | $10.8B | $11.7B | $13.3B | $11.3B | $12.8B |
| YoY | — | — | — | — | +16.0% | +28.9% | +26.1% | +18.3% |
| Gross profit | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Research & development | $533.0M | $519.0M | $480.0M | $551.0M | $555.0M | $562.0M | $537.0M | $616.0M |
| YoY | — | — | — | — | +4.1% | +8.3% | +11.9% | +11.8% |
| Selling, general & administrative | $1.7B | $1.8B | $1.6B | $1.7B | $1.8B | $1.9B | $1.8B | $2.0B |
| YoY | — | — | — | — | +9.2% | +6.0% | +14.0% | +19.1% |
| Operating income | $3.1B | $2.9B | $2.6B | $2.9B | $3.1B | $2.7B | $3.1B | $4.3B |
| YoY | — | — | — | — | -3.0% | -9.0% | +19.6% | +50.2% |
| Pretax income | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Income tax | $642.0M | $463.0M | $574.0M | $646.0M | $836.0M | $712.0M | $670.0M | $1.1B |
| YoY | — | — | — | — | +30.2% | +53.8% | +16.7% | +63.3% |
| Net income | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| EPS — basic | $5.09 | — | $4.22 | $4.64 | $4.91 | — | $5.50 | $7.80 |
| YoY | — | — | — | — | -3.5% | — | +30.3% | +68.1% |
| EPS — diluted | $5.06 | — | $4.20 | $4.62 | $4.88 | — | $5.47 | $7.77 |
| YoY | — | — | — | — | -3.6% | — | +30.2% | +68.2% |
| Weighted shares — basic | 484.2M | — | 474.9M | 469.7M | 468.6M | — | 463.4M | 460.4M |
| Weighted shares — diluted | 486.7M | — | 477.1M | 471.5M | 470.8M | — | 465.8M | 462.5M |
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 | $5.6B | $6.9B | $3.6B | $5.4B | $7.5B | $10.0B | $4.1B | $6.7B |
| YoY | — | — | — | — | +33.7% | +44.9% | +14.3% | +23.4% |
| Marketable securities (current) | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Accounts receivable | $9.1B | $9.3B | $9.1B | $9.7B | $10.1B | $10.9B | $11.4B | $13.2B |
| YoY | — | — | — | — | +11.7% | +17.6% | +25.6% | +35.9% |
| Inventory | $17.3B | $16.8B | $17.9B | $18.6B | $19.0B | $18.1B | $19.6B | $20.6B |
| YoY | — | — | — | — | +9.5% | +7.8% | +9.9% | +10.9% |
| Total current assets | $44.9B | $45.7B | $43.0B | $46.8B | $49.8B | $52.5B | $48.6B | $54.5B |
| YoY | — | — | — | — | +10.8% | +14.9% | +12.9% | +16.5% |
| Total assets | $86.3B | $87.8B | $85.0B | $90.3B | $93.7B | $98.6B | $95.5B | $102.6B |
| YoY | — | — | — | — | +8.6% | +12.3% | +12.4% | +13.6% |
| Total current liabilities | $32.2B | $32.3B | $32.6B | $34.9B | $36.0B | $36.6B | $35.9B | $39.8B |
| YoY | — | — | — | — | +11.7% | +13.3% | +10.1% | +13.9% |
| Total liabilities | $66.9B | $68.3B | $66.9B | $71.7B | $73.1B | $77.3B | $76.9B | $83.2B |
| YoY | — | — | — | — | +9.3% | +13.2% | +14.9% | +16.1% |
| Total equity | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Shares outstanding | 482.8M | 477.9M | 471.0M | 468.5M | 468.0M | 465.3M | 460.6M | 459.7M |
| YoY | — | — | — | — | -3.1% | -2.6% | -2.2% | -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.
| Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $3.6B | $3.4B | $1.3B | $3.1B | $3.7B | $3.6B | $1.9B | $4.4B |
| YoY | — | — | — | — | +4.7% | +5.8% | +45.1% | +40.0% |
| Capital expenditures | $444.0M | $703.0M | $710.0M | $555.0M | $658.0M | $898.0M | $728.0M | $587.0M |
| YoY | — | — | — | — | +48.2% | +27.7% | +2.5% | +5.8% |
| Free cash flow | $3.1B | $2.7B | $579.0M | $2.6B | $3.1B | $2.7B | $1.1B | $3.8B |
| YoY | — | — | — | — | -1.5% | +0.1% | +97.2% | +47.4% |
| Dividends paid | — | — | — | — | — | — | — | — |
| YoY | — | — | — | — | — | — | — | — |
| Share repurchases | $782.0M | $640.0M | $3.7B | $828.0M | $362.0M | $340.0M | $5.0B | $1.5B |
| YoY | — | — | — | — | -53.7% | -46.9% | +37.4% | +80.4% |
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 | 19.5% | 18.0% | 18.1% | 17.3% | 17.3% | 13.9% | 17.7% | 20.9% |
| Net margin | — | — | — | — | — | — | — | — |
| Free cash flow margin | 19.4% | 16.6% | 4.1% | 15.5% | 17.5% | 14.1% | 6.6% | 18.4% |
| Effective tax rate | — | — | — | — | — | — | — | — |
| Current ratio | 1.40x | 1.42x | 1.32x | 1.34x | 1.38x | 1.44x | 1.35x | 1.37x |
| Total liabilities / equity | — | — | — | — | — | — | — | — |
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 |
|---|---|---|---|---|---|---|
| CAT FY10 · this stock | $42.6B | +31.5% | — | 9.3% | — | — |
| 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% |
| NOC FY25 | $42.0B | +2.2% | — | 10.8% | 10.0% | 7.9% |
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.